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Report No. : |
300596 |
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Report Date : |
06.01.2015 |
IDENTIFICATION DETAILS
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Name : |
RASTAFANN ERTEBAT ENGINEERING COMPANY |
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Registered Office : |
No. 14 Shahid Sartipi Alley, Shahid Mirzapoor
Street, Upper than Sadr Bridge Shariati Ave, Tehran |
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Country : |
Iran |
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Date of Incorporation : |
21.03.1995 |
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Com. Reg. No.: |
148859 |
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Legal Form : |
Private Joint Stock Company |
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Line of Business : |
High frequency communications
equipment manufacturing |
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No. of Employees : |
600 |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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
|
Source
: CIA |
Company Name: RASTAFANN ERTEBAT
ENGINEERING COMPANY
Also Trade as: Rastafann
Persian Name: شرکت مهندسی
رستا فن
ارتباط
Address: No. 14 Shahid Sartipi Alley, Shahid Mirzapoor
Street,
Upper than Sadr Bridge Shariati Ave, Tehran,
Iran
Tel: + 98 21 22679522
Fax: + 98 21 22205492
Website: www.Rastafann.com
E-mail: HR@Rastafann.com
Company was originally started as a on 1998
Current Legal Form: Private Joint Stock Company
Registration Address: No. 14 Shahid Sartipi
Alley, Shahid Mirzapoor Street,
Upper than Sadr Bridge Shariati
Ave, Tehran, Iran
Registration Number: 148859
National Registration Number: 10101917198
Registration Date: 21/03/1995
Registration Town: Tehran
Capital: 55,000,000,000.00
Shareholders:
|
Shareholder Name |
Share % |
|
Rastafann Company Iran |
100% |
Name: Mr. Masoud Keyvanfar
Position within the company: Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi-English
Name: Mr. Alireza Mafzalifard
Position within the company: Vice Chairman& Managing
Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr.
Habibollah Abbasi
Position within the company: Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
High frequency communications
equipment manufacturing
Local Reporters consider the investigated company to be large in their field of concern
Company Employs: 600
Sales: 100%
Nationally
Sales to: Group
companies, General Public
Sales Term: Cash, Bank Transfer, accept credit, Letter of credit
Vehicles: 35
Operates Form: Owned: Offices, Warehouses and factory
Location: Central Business Area, Main Road
Bank Sepah
Iran
Auditors: Aban Argham Auditing Institute
Solicitors: Mr. Jafar Ahangari
Imports From: Europe, Turkey
Importing Terms:
Bank Transfer
Import % and type of product: 65 % Finished Goods
Export % and type of product: Subject does not export
Subsidiaries:
Fanavari Moj Khavar Co
Iran
Subject's payments reported to be: NO COMPLAINTS
Name/Title:
The subject confirmed it.
Local Reputation:
The company being investigated is considered by local reporters to be a MediumTrade Risk
Local informants consider granting of credit to be a fair trade risk
Owner/Shareholders Comments: Some of the owners / shareholders have an active participation in the running of the business.
Age of Business: Old business
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.39 |
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|
1 |
Rs.96.85 |
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Euro |
1 |
Rs.75.67 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
NIS |
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.