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Report No. : |
307188 |
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Report Date : |
09.002.2015 |
IDENTIFICATION DETAILS
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Name : |
KAVANDEH COMMERCIAL & MINERALS INDUSTRIAL COMPANY |
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Registered Office : |
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Country : |
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Date of Incorporation : |
25.06.1984 |
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Com. Reg. No.: |
52341 |
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Legal Form : |
Private Joint Stock Company |
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Line of Business : |
Importer & exporer of cement factories raw materials, industrial
machine steel sheets, electronics tool, frozen foods and industrial products,poultry, oil, |
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No. of Employee : |
14 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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Iran |
B1 |
B1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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, an inefficient state sector, and reliance on oil, a major source of government revenues. Price controls, subsidies, and other distortions weigh down the economy, undermining the potential for private-sector-led growth. Private sector activity is typically limited to small-scale workshops, farming, some manufacturing, and services. Significant informal market activity flourishes and corruption is widespread. New fiscal and monetary constraints on Tehran, following the expansion of international sanctions in 2012 against Iran's Central Bank and oil exports, significantly reduced Iran's oil revenue, forced government spending cuts, and fueled a 60% currency depreciation. Economic growth turned negative in 2012 and 2013, for the first time in two decades. Iran continues to suffer from double-digit unemployment and underemployment. Lack of job opportunities has convinced many educated Iranian youth to seek jobs overseas, resulting in a significant "brain drain." However, the election of President Hasan RUHANI in June 2013 brought about widespread expectations of economic improvements and greater international engagement among the Iranian public, and early in Ruhani's term the country saw a strengthened national currency and a historic boost to market values at the Tehran Stock Exchange.
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Source
: CIA |
KAVANDEHCOMMERCIAL& MINERALS INDUSTRIAL
COMPANY
Company Trade Name: Kavandeh
Company
Address:
No. 33 9th Street Vozara St
Tehran, Iran
Postal Code:-
P.O.BOX:
1513736311
Telephone:
+98 21 88726490-93, 88719736-7
Fax:
+98 21 88726494-95
Mobile No:
+98 912 3451186
Website:
www.kavande.com
E-mail: info@kavande.com
Current Legal Form:
Private Joint Stock Company
Registration Address: No.
33 9th Street Vozara St
Tehran,
Iran
Start Date:
25/06/1984
Registration Number: 52341
Registration Date:
25/06/1984
Registration Town: Tehran
National Code ID: 10100974879
Note:
The registered name of company is Kavandeh Commercial& Minerals
Industrial Company
Nominal Capital: 39,150,000,000
Share No: 39,150,000
Share Value: 1,000
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Shareholder Names |
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EghtesadiKosar Organization Company 20% |
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KeshavarziKosarInvestment Company 20% |
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MaadenKosarDevelopment Company 20% |
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kosarElectrical Industry Investment Company 20% |
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Food IndustryInvestment Company20% |
Name: Mr. Ali Jahan Dedeh
Position within the company: Chairman
of the Board
Country of Birth:
Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Mohsen SeyedEsmaeili
Position within the company: Vice
Chairman& Managing Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi-
English
Name: Mr.
MostafaKalbasi
Position within the company: Manager
Country of Birth:
Iran
Nationality: Iranian
Can fluently speak: Farsi-
English
Name: Mr.
Mohammad Reza Fayaz Bakhsh
Position within the company: Member of the Board of Directors
Country of Birth:
Iran
Nationality: Iranian
Can fluently speak:
Farsi-
English
Name: Mr. AbdoulHosseinRahimi
Position within the company: Member
of the Board of Directors
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi-
English
Name: Mr. Saber Karimi
Position within the company: Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi-
English
Importer & exporer of cement factories raw materials, industrial
machine steel sheets, electronics tool, frozen foods and industrial products,poultry, oil, etc,...
Local Reporters consider the investigated company to beMediumin their field of concern
Brands: Jahan, Simcat, Zarbal,
HadiBargh
Company
Employs:14
Operates from:
Owned, Offices,
Warehouses
Location: Central Business
Area, Main Road
Import %: 55 %- Finished Goods
Import term:
Bank Transfer
Import from:
Europe, Italy, Switzerland
Export To:
India
Exporting Terms: Bank
Transfer
Export%: 5%
-Finished Goods
Territory:
95 % Nationality, 5%
Iternationally
Type of Customer: Group Companies, Retailers
Terms of sales:
letters of credit
Vehicles: Total number of vehicles:
7
No Related Companies
Parsian Bank
Auditor: MofidRahbar Auditing Institute
Solicitor: -
Subject's payments reported to be: Non- Complaint
Name/Title: Mr.
Mohsen SeyedEsmaeili- Managing Director
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 Business
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.74 |
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|
1 |
Rs.94.65 |
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Euro |
1 |
Rs.70.79 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
ANK |
RATING EXPLANATIONS
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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 |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.