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Report No. : |
356106 |
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Report Date : |
29.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
PARAX IDEH DENA COMPANY |
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|
|
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Registered Office : |
No.11, 3rd floor, No.856 ( Mohebe Ave), Shariati St Upper Than
Ghasr Cross, Tehran, Iran Postal
Code:1558836731 |
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|
|
|
Country : |
Iran |
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|
|
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Date of Incorporation : |
11.12.2013 |
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|
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Com. Reg. No.: |
446701 |
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|
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Legal Form : |
Private Joint Stock |
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|
|
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Line of Business : |
Provider of NDT & Inspection, industrial projects Services. |
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|
|
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No. of Employee : |
8 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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|
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Payment Behaviour : |
Unknown |
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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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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.
|
Source
: CIA |
Company Name:
Parax Ideh Dena Company
Company Trade Name: -
Address: No.11, 3rd floor, No.856 ( Mohebe Ave),
Shariati St
Upper Than Ghasr Cross, Tehran, Iran
Postal Code: 1558836731
P.O.BOX: -
Telephone: +98
21 88741936
Fax: +98 21 88549364
Website: www.paraxideh.com
E-mail: paraxideh@gmail.com
Current Legal Form: Private Joint Stock Company
Registration Address: No.11, 3rd floor, No.856 ( Mohebe Ave), Shariati St
Upper Than Ghasr Cross,
Tehran, Iran
Start Date: 11/12/2013
Registration Number: 446701
Registration Date: 11/12/2013
Registration Town: Tehran
National Code ID: 1400376871
Former Legal Address:
No.10, 3rd floor, No.856 ( Mohebe Ave), Shariati St
Upper Than Ghasr Cross,
Tehran, Iran
Date of Change: April 2014
Nominal Capital: 10,000,000 Iranian Rials
Share No: 100
Share Value: 100,000
|
Shareholder Names
Share% |
|
Mr. Bahram Heydari 50 |
|
Mr. Ali
Alimardani
40 |
|
Mr. Ehsan
Behrouznia
10
|
Name: Mr. Bahram Heydari
Position within the company:
Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mr. Ali Alimardani
Position within the company:
Managing Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mr. Ehsan Behrouznia
Position within the company:
Vice Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Provider of NDT & Inspection, industrial projects Services.
Local Reporters consider the investigated company to be small
in their field of concern
-
Company Employs: 8
Operates from: Rented, Office
Location:
Central Business Area, Main Road
Import %: 25 %- Finished Goods
Import term:
Bank Transfer
Import from:
China, India
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: 2
-
Eghtesad Novin Bank
Branch: Sohrevardi Shomali
Auditor: Mr. Hamidreza Fayazi
Solicitor: Mr. Mehdi Sarlak
Subject's payments reported to be: Unknown
Name/Title: Mr. Ehsan Behrouznia - Vice Chairman
He confirmed it.
The company is not known on Iran market.
Local Reputation:
The company being investigated is considered by local reporters to be a
High Trade Risk and to be
secured.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.14 |
|
|
1 |
Rs.98.69 |
|
Euro |
1 |
Rs.72.55 |
|
IRR |
1 |
Rs.0.0022 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
HEE |
|
|
|
|
Report Prepared
by : |
TRU |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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.