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Report No. : |
356127 |
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Report Date : |
25.12.2015 |
IDENTIFICATION DETAILS
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Name : |
AZIN KIAN GOSTAR COMPANY |
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Registered Office : |
No.202, Sarv St, Industrial City of Nasirabad Tehran |
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Country : |
Iran |
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Date of Incorporation : |
31.07.2002 |
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Com. Reg. No.: |
754 |
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Legal Form : |
Private Joint Stock |
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Line of Business : |
Supplier of aluminum profiles |
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No. of Employee : |
10 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
No complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Iran |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
IRAN - ECONOMIC OVERVIEW
Iran's economy is marked by statist policies, inefficiencies, and reliance on oil and gas exports, but Iran also possesses significant agricultural, industrial, and service sectors. The Iranian government directly owns and operates hundreds of state-owned enterprises and indirectly controls many companies affiliated with the country's security forces. Distortions - including inflation, price controls, subsidies, and a banking system holding billions of dollars of non-performing loans - weigh down the economy, undermining the potential for private-sector-led growth. Private sector activity includes small-scale workshops, farming, some manufacturing, and services, in addition to medium-scale construction, cement production, mining, and metalworking. Significant informal market activity flourishes and corruption is widespread. Fiscal and monetary constraints, following the expansion of international sanctions in 2012 on Iran's Central Bank and oil exports, significantly reduced Iran's oil revenue, forced government spending cuts, and sparked a sharp currency depreciation. Iran’s economy contracted for the first time in two decades during both 2012 and 2013, and grew only slightly 2014. Iran continues to suffer from high unemployment and underemployment. Lack of job opportunities has prompted many educated Iranian youth to seek employment overseas, resulting in a significant "brain drain." In June 2013, the election of President Hasan RUHANI generated widespread public expectations of economic improvement and greater international engagement. In connection with ongoing international negotiations over Iran’s nuclear program the limited sanctions relief for Iran provided under the Joint Plan of Action of November 2013, helped to forestall the decline in the economy in 2014.
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Source
: CIA |
Reference No: 356127
Company Name: AZIN KIAN
GOSTAR Company
Address: No.202, Sarv St,
Industrial City of Nasirabad
Tehran,
Iran
Telephone:
+ 98 21 5639624-7
Fax:
+ 98 21 5639625
Website: -
E-mail: azinkian@msn.com
Current Legal Form:
Private Joint Stock Company
Registration Address:
No.202, Sarv St,
Industrial City of Nasirabad
Tehran, Iran
Start Date:
31/07/2002
Registration Number:
745
Registration Date:
11/03/2007
National Code ID: 10100095624
Currency: Iranian
Riyals
Nominal capital: 2,000,000,000
Former Capital: 10,000,000 (
Date of Change: Sept 2004)
|
Shareholder Names |
% of Voting/Non-Voting Capital |
|
Mr. Gholamreza Dehkhoda |
75% |
|
Mr. Farahnaz Jafari |
20% |
|
Mr.
Hirad Dehkhoda |
5% |
Name: Mr. Mahmoud Kahak
Position within the company: Managing Director
Country of Birth:
Iran
Nationality: Iranian
Can fluently speak:
Farsi- English
Name: Mr. Gholamreza Dehkhoda
Position within the company: Chairman
Country of Birth:
Iran
Nationality:
Iranian
Can fluently speak: Farsi- English
Name: Mr. Farahnaz Jafari
Position within the company: Vice Chairman
Country of Birth:
Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mr. Hirad Dehkhoda
Position within the company: Member
Country of Birth:
Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Asad Kavoshi Position within the company: Manager
Country of Birth:
Iran
Nationality: Iranian
Can fluently speak: Farsi- English
National Code ID:
Supplier of
aluminum profiles.
Local Reporters consider the investigated company to be
Small in their field of concern.
--
Company Employs: 10
Operates from: Owned, Office, Warehouse
Location: Central Business
Area, Main Road
Imports : Finished Goods
Import%: 15%
Import from: India, China
Import terms: letters of credit
Additional: Balance of 85%
purchased via local market
It doesn’t any export.
Territory:
100 % Nationality
Type of Customer: Group Companies, Retailers
Terms of sales: letters of credit
Vehicles: Total number of vehicles:
4
No related companies.
Bank Eghtesad Novin
Solicitor: Mr. Morovat Lotfi Kol Khoran
Auditors: Mr. Mohsen Saravani Nakhi
Subject's payments reported to be:
Non- Complaint
Date: 24/12/2015
Name/Title: Mr. Hirad Dehkhoda - Member
He confirmed
it.
Local Reputation:
The company being investigated is considered by local reporters to be a
Medium Trade
Risk and to be fair.
Owner/Shareholders Comments:
All of owners involved in
the running of the business
Age of Business: Old Family Business
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.20 |
|
|
1 |
Rs.98.30 |
|
Euro |
1 |
Rs.72.41 |
|
IRR |
1 |
Rs.0.0022 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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|
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|
Report Prepared by
: |
TRU |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.