MIRA INFORM REPORT

 

 

Report No. :

300598

Report Date :

05.01.2014

 

 

 

 

 

 

Tel. No.:

98 21 3348 5513-6

Fax No.:

98 21 3387 7666

 

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

No Trace

 

 

Payment Behaviour :

--

 

 

Litigation :

--

 

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 – September 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

Iran

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

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 Details

 

Company Name:            GREEN WAVES COMPANY

 

Company acronym:      

 

Address:                        PO BOX 18535-116 Tehran, Iran

 

 

 Tel:                              --                            

                                                                   

  Fax:                             --                         

 

 

Interview & Reporter Comments

 

Database:

 

 We don't hold any information on the company you are investigation in our database.

 

 

Telephone Number: 

   

Local reporters have been unable to locate an alternative telephone number for the company you are investigating.

 

-          Internet

-          Local Telephone / Telecommunications Directory

-          Local Chamber of Commerce

 

Address:

The address which you provided is located another company ( Navid Gostar Company).

 

 

Registry Office

The subject isn’t registered in registry office in Iran

 

 Additional Information:

The name that you provided is not complete and many companies are registered with the same name

 

Please provide us with any additional information you may have so that we can resume an investigation on your behalf and provide you with a full report.

 

 

Important Note:

Kindly provide us with additional information such as Correct Name, Address, Contact Details, Name of Contact Person or a copy of the Upper Part of Letterhead within 15 days of receiving this report, a would be sent without any additional cost.

 

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

Report Prepared by :

TPT

 

 

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.