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Report No. : |
309359 |
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Report Date : |
23.02.2015 |
IDENTIFICATION DETAILS
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Name : |
PAKSHOO INDUSTRIAL GROUP |
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Formerly Known As : |
PAKSHOO CHEMICAL& MANUFACTURING COMPANY |
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Registered Office : |
3rd Floor, No 29, Second Alley, Pakistan St, beheshti Ave
Tehran |
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Country : |
Iran |
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Date of Incorporation : |
03.07.1972 |
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Com. Reg. No.: |
15781 |
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Legal Form : |
Public joint Stock Company |
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Line of Business : |
Manufacture of hand washing liquid, whitening liquid, towel and
clothes softening liquid, glass cleanser, stain remover and carpet shampoo |
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No. of Employee : |
230 |
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) |
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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 |
Company Name: Pakshoo Industrial Group
Company Trade Name: GIG, Pakshoo
Address: 3rd Floor, No 29, Second Alley,
Pakistan St, beheshti Ave
Tehran, Iran
Postal Code: 1531638111
P.O.BOX:
-
Telephone: +98 21 89316311, 89316339, 884444
Fax: +98 21 89316390,
884444
Website:
www.pakshoo.com
E-mail: info@pakshoo.com
Current Legal Form: Public joint Stock Company
Registration Address:
Tehran, Iran
Start Date: 03 /07/1972
Registration Number: 15781
Registration Date:
03 /07/1972
Registration Town: Tehran
National Code ID: 10100578556
Note:
Former Legal Form:
Private Joint Stock Company
Date of change: 07/01/2014
Note:
Former Legal Name: Pakshoo Chemical& Manufacturing
Company
Date of Change: 16/02/2013
Nominal Capital: 700,000,000,000
Share No: 700,000,000
Share Value: 1,000
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Shareholder Names |
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Gostaresh Pakshoo Chemical&
Manufacturing Co |
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Gol Pakhsh Aval Company
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Golrang Industrial Group
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Golrang Pakhsh Company
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Toseih Sanae Golrang Investment
Company |
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Local Investors |
Name: Mr. Masoud Godarzi
Position within the company: Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak:
Farsi- English
Name: Mr. Masoud Sezavar Zakirian
Position within the company: Vice Chairman& Managing Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Ali Ebrahimi Kordlor
Position within the company: Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Mohammad Sherkat Bazazan
Position within the company: Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi-
English
Name: Mr. Hassan Bayati Nosrat
Position within the company: Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Manufacture of hand washing liquid, whitening liquid, towel and clothes
softening liquid, glass cleanser, stain remover and carpet shampoo, etc,...
Local Reporters consider the investigated company to be Large in their field of concern
Branches:
Golrang, Ave, Softlan, Homeplus, Spif, Airi, Lamis, Goldent and
Merident.
Company Employs: 230
Operates from:
Owned, Offices, Warehouses, Factories
Location: Central Business
Area, Main Road
Import %: 60%- Finished
Goods
Import term: Bank Transfer
Import from: India, China
Export %: 10%
Finished Goods
Countries: Afghanistan, Uzbekistan and Turkey
Terms Of Export: Bank Transfer
Territory: 90
% Nationality
Type of Customer:
Group Companies, Retailers
Terms of sales:
letters of credit
Vehicles: Total number of vehicles:
35
Golrang Pakhsh Company
Golpakhsh Aval Company
Melli Bank
Auditor: Deilami Pour& Hamkaran Auditing Institute
Solicitor: Shakhes Andishan Auditing Institute
Subject's payments reported to be: Non- Complaint
Name/Title: Mr.
Masoud Sezavar Zakirian - Managing Director
Note:
Direct contact of export: + 98 21 42191000
Local Reputation: The company being investigated is considered by local reporters to be a
Normal 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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.25 |
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|
1 |
Rs.96.01 |
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Euro |
1 |
Rs.70.72 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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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.