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Report No. : |
307187 |
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Report Date : |
09.02.2015 |
IDENTIFICATION DETAILS
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Name : |
TECHNO CNC
COMPANY |
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Registered Office : |
1st Floor No 157 Mirdamadi Hassan Abad Imam Khomeini, |
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Country : |
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Date of Incorporation : |
Not Available |
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Com. Reg. No.: |
Not Available |
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Legal Form : |
Not Available |
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Line of Business : |
General Trading Company [We tried to confirm / obtain the detailed activity but the same is not available from any sources.] |
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No of Employees : |
04 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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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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Status : |
Moderate |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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, 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.
|
Source
: CIA |
Company Name: Techno CNC Company
Address:
1st Floor No 157 Mirdamadi Hassan Abad Imam Khomeini
Tehran, Iran
Postal Code:
-
P.O.BOX:
-
Telephone:
+98 21 66713328
Fax:
+98 921 1772 124
E-mail:
mailto:spmo@cloi.ir
Current Legal Form:
-
Registration Address:
-
Start Date: -
Registration Number: -
Registration Date:
-
Registration Town:
-
National Code ID:
-
Name: Mr.
Ali Sajadi
Position within the company:
Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak:
Farsi- English
Name: Mr.
Samad Farahani
Position within the company:
Chairman of the Board
Country of Birth: Iran
Nationality: Iranian
Can fluently speak:
Farsi- English
It is General Trading Company
Local Reporters consider the investigated company to be
small in their field of concern
Company Employs: 4
Operates from:
Rented, Office, Warehouse
Location:
Central Business Area, Main Road
Import %:
30%- Finished Goods
Import term:
Bank Transfer
Import from:
China
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
Subject's payments reported to be: Unknown
Name/Title: Mr. Ali Sajadi
- Manager
He refused to cooperate with us.
The company is not registered in Iran Registry.
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.61.74 |
|
UK Pound |
1 |
Rs.94.65 |
|
Euro |
1 |
Rs.70.79 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
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Report Prepared
by : |
MNL |
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 |
|
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.