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Report No. : |
308952 |
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Report Date : |
20.02.2015 |
IDENTIFICATION DETAILS
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Name : |
PAKSHIMI SAFE SEPAHAN COMPANY |
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Registered Office : |
No. 7, 4St, Sepahan Alley, |
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Country : |
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Date of Incorporation : |
12.01.2004 |
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Com. Reg. No.: |
21687 |
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Legal Form : |
Private Joint Stock Company |
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Line of Business : |
Manufacture of chemicals products, Calcium stearate, metallic
stearate, magnesium, zinc and copper sulfate, stearic acid fast grid. |
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No. of Employees : |
70 |
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: Pakshimi Safe
Sepahan Company
Company Trade Name: Pakshimi Safe
Address: No. 7, 4St, Sepahan Alley
Postal Code: -
P.O.BOX:
-
Telephone: + 98 311 6682154
Fax:
+ 98 311 6682154
Mobile No:
+ 98 913 3106502
Website:
-
E-mail: bisheh@gmail.com
Current Legal Form:
Private Joint Stock Company
Registration Address:
No. 7, 4St, Sepahan Alley
Esfahan, Iran
Start Date: 12/01/2004
Registration Number:
21687
Registration Date:
12/01/2004
Registration Town: Esfahan
National Code ID:
10260425373
Nominal Capital: 1,500,000,000
Share No: 1,500,000
Share Value: 1,000
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Shareholder Names |
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Mrs. Zahra Pakatchian 40% |
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Bisheh- Family 60% |
Name: Mrs. Zahra Pakatchian
Position within the company: Chairman of the Board
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Morteza Bisheh
Position within the company: Vice Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Mohammad Bisheh
Position within the company: Managing Director
Country of Birth:
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Asghar Sasani
Position within the company: Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Manufacture of chemicals products, Calcium stearate, metallic stearate,
magnesium, zinc and copper sulfate, stearic acid fast grid.
Local Reporters consider the investigated company to be
Medium in their field of concern
Branches:
No.8, 7 St, Mobarakeh Industrial Esfahan, Iran
Tel: + 98 335 5373059, 3152373059
Fax: + 98 315 2373448
EMPLOYEES
Company Employs: 70
HQ PREMISES
Operates from:
Owned, Offices, Warehouses, Factory
Location: Central
Business Area, Main Road
IMPORTS
Import %:
45%- Finished Goods
Import term: Bank Transfer
Import from: Europe, China, Germany
EXPORTS
It doesn’t any export.
TRADING & SELLING
Territory: 100
% Nationality
Type of Customer:
Group Companies, Retailers
Terms of sales:
letters of credit
Vehicles: Total number of vehicles: 11
Sister Company:
Pishro Chemistry Safe Sepahan Company
Melli Bank
Branch: Esfahan
Auditor: Mr. Behzad
Kiramatian
Solicitor: Mr. Rasoul Begholi
Zadeh
Subject's payments reported to be: Non- Complaint
Name/Title:
Mr. Mohammad Beisheh - 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 Family Business
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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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
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SUB |
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Report Prepared
by : |
NIT |
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 |
-- |
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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.