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Report No. : |
308953 |
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Report Date : |
20.02.2015 |
IDENTIFICATION DETAILS
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Name : |
CASPIAN POLYMER COMPANY |
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Registered Office : |
Corner of Abresani
Installation, |
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Country : |
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Date of Incorporation : |
14.05.2005 |
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Com. Reg. No.: |
7741 |
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Legal Form : |
Private Joint Stock Company |
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Line of Business : |
Manufacture of additives including all types of stearates, PVC
stabilizers, industrial lubricants, and Paraffin Waxed in pipes and fittings,
cable, profiles for doors, windows and epoxidized Soybean Oil , Paraffin Wax,
Petroleum Jelly, |
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No. of Employee : |
50 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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) |
|
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 |
Company Name: CASPIAN POLYMER
COMPANY
Company Trade Name: -
Address:
Corner of Abresani Installation, Caspian Industrial Town
Postal Code: 3445181687
P.O.BOX:
-
Telephone: +98 282 2848150, 282 2848152, 28 32848150
Fax: +98
2822848153, 282 2848152
Mobile:
+ 98 912 1812669, 912 5817217,
912 3765827
Website: www.caspian-polymer.com
E-mail:
info@caspianpolymer.ir,
azadmanesh_a@ymail.com
Current Legal Form:
Private Joint Stock
Company
Registration Address:
Corner of Abresani Installation, Caspian Industrial
Town
Qazvin, Iran
Start Date: 14/05/2005
Registration Number:
7741
Registration Date:
14/05/2005
Registration Town:
Abek
National Code ID:
10861461398
Nominal Capital: 3,300,000,000
Share No: 66,000
Share Value: 50,000
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Shareholder Names |
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Azad Manesh- Family 80% |
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Mrs. Mahtab Mazhari Motlagh 20% |
Name: Mr.
Manochehr Azad Manesh
Position within the company: Chairman of the Board
Country of Birth: Iran
Nationality: Iranian
Can fluently speak:
Farsi- English
Name: Mr. Ali Azad Manesh
Position within the company: Managing Director& Vice
Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak:
Farsi-
English
Name: Mrs. Leila Azad Manesh
Position within the company: Member
Country of Birth:
Iran
Nationality: Iranian
Can fluently speak:
Farsi-
English
Name: Mrs. Nazila Azad Manesh
Position within the company: Member
Country of Birth:
Iran
Nationality: Iranian
Can fluently speak:
Farsi-
English
Name: Mrs. Mahtab Mazhari Motlagh
Position within the company: Member
Country of Birth:
Iran
Nationality: IranianAtefeh Rezaei
Can fluently speak:
Farsi-
English
Name: Mrs. Atefeh Rezaei
Position within the company: Commercial Manager
Country of Birth:
Iran
Nationality: Iranian
Can fluently speak:
Farsi-
English
Manufacture of additives including all types of stearates,PVC
stabilizers, industriallubricants, andParaffin Waxed in pipes and fittings,
cable,profiles for doors, windows and epoxidized Soybean Oil , Paraffin Wax,
Petroleum Jelly,
etcLocal Reporters consider the investigated company to be Large
in their field of concern
Company Employs: 50
Operates from:
Owned, Office, Warehouse, Factory
Location: Central Business
Area, Main Road
Import %: 40%- Finished Goods
Import term:
Bank Transfer
Import from: Europe, Italy
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: 10
Noted related companies
Sepah Bank
Branch: Valiasr Qazvin
Auditor: Mrs. Maryam Sheikh Najafi
Solicitor: Mr. Farshid Nazem
Subject's payments reported to be: Non- Complaint
Name/Title: Mr. Ali Azad Manesh - Managing
Director
Local Reputation: The company being investigated is considered by local reporters to be a
MediumTrade 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.62.25 |
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|
1 |
Rs.95.57 |
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Euro |
1 |
Rs.71.01 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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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.