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Report No. : |
301555 |
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Report Date : |
13.01.2015 |
IDENTIFICATION DETAILS
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Name : |
ISFAHAN MOBARAKEH STEEL COMPANY |
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Registered Office : |
KM.75 of St Western Esfahan, Mobarakeh |
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Country : |
Iran |
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Financials (as on) : |
30.09.2014 |
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Date of Incorporation : |
15.05.1993 |
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Com. Reg. No.: |
7841 |
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Legal Form : |
Public
Joint Stock |
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Line of Business : |
Subjects is engaged in the production and sale of hot and cold rolled flat steel products, as well as per-painted, galvanized, and tin-plate coated products in Iran. Its products include hot-rolled coils and sheets; pickled coils; cold-rolled coils and sheets; tin-plated coils and sheets; galvanized coils; and pre-colored coils. The company's products are used in various industries, such as automotive, construction, household appliances, and packaging. |
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No. of Employee : |
425 |
RATING & COMMENTS
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MIRAs 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
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Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
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Iran |
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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 |
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Company Registered Name: |
ISFAHAN
MOBARAKEH STEEL COMPANY |
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Company Trade Name: |
Esfahan Mobarake
Steel Foolad Mobarake Esfahan |
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Former Company Name if Found: Changed since: (
/
/
.) |
- |
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E-mail Address: |
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Website Address: |
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Head address: |
KM.75 of St Western Esfahan, Mobarakeh, Iran |
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POBox: |
16184815 |
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City Post Code: |
1113184881 |
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Registered address |
KM.75 of St Western
Esfahan, Mobarakeh, Iran |
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Former address if found: Date Of Move:
/
/
.. |
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Telephone Numbers: |
+98 311 3325325 - 3326573 |
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Fax Number: |
+98 311 3324324 - 3327328 |
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Mobile Number: |
- |
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It engages in the production and sale of hot and cold rolled flat
steel products, as well as per-painted, galvanized, and tin-plate coated
products in Iran. Its products include hot-rolled coils and sheets; pickled coils;
cold-rolled coils and sheets; tin-plated coils and sheets; galvanized coils;
and pre-colored coils. The company's products are used in various industries,
such as automotive, construction, household appliances, and packaging.
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DESCRIPTION OF PREMISES: (Office, Factory, Warehouse,
Showroom,
.. |
Office, Factory |
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Premises Square Meters: |
220 sqm , 12,000 sqm |
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TENURE: (Owned or Rented) |
Owned ,
Rented ,
Leased |
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Principal
Name: |
Position: |
Nationality: |
Related
to Other Companies |
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Mr. Mohammad Reza Hoseiniyan |
Director |
Iranian |
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Mr. Mohammadali Yazdanjou |
Chairman |
Iranian |
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Mr. Bahram Sobhani |
Managing Director |
Iranian |
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Mr. Morteza Talaei |
Manager |
Iranian |
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Mr. Mohsen Poursina |
Manager |
Iranian |
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Legal Structure: |
Proprietorship General
Partnership Limited Partnership Limited
Liability Private Joint Stock Publick Joint Stock Other
.. |
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Registered Date: |
15/07/1993 |
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Business Start Date: |
15/07/1993 |
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Commercial Registration Number: |
7841 |
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Tax Numebr: |
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Other registration Numbers: (Import, Export, Industrial
Registration Numbers) |
National Code ID: 10260289464 Auditor: Iran Mashhoud Management and Finance Auditing Co Solicitor: Mr. Alireza
Otoufi |
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Capital) : |
36,000,000,000 Iranian Rials |
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Capital for Joint Stock Companies: |
Nominal 36,000,000,000 Iranian Rials Issued
36,000,000,000 Iranian
Rials Paid
36,000,000,000 Iranian Rials Share No. 36,000 Share Value 1, 000,000 Iranian Rials |
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Former Legal Structure if Found: Changed from: (
/
/
.) |
Former Legal Name: Iran Vinyflex Co ( 19/03/1989) |
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Bank
Name: |
Branch: |
Account
Number: |
Bank
Contact Person: |
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Melli Bank |
Mobarakeh Steel Complex |
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Affiliate
Name: |
Country |
% |
Start
Date: |
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Esfahan Iron and
Steel Company |
Iran |
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Number of employees: |
425 |
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Group Number of Employees: |
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Number of local customers: |
70 |
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Type of Local Customer: |
Group Companies Government Bodies Local Authorities Ministry Defence Wholesalers Retailers End User Distributors Factories Dealesr |
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Countries you import from: |
Far East |
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Import Share
% |
20 % (Raw
materials or Finished Products ) |
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Local Purchase
.. % |
80 % |
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Terms of Payment: |
LC CAD Cash Open Account Bank Transfer TT Other
.. |
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Local Terms of Payment: |
LC CAD Cash Open Account Bank Transfer TT Other
.. |
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Countries you Export to: |
Belgium, France, Italy, Qatar, UAE, Kuwait, Armenia,
Georgia |
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Export Share
% |
50
% |
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Local Sale
.. % |
50 % |
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Terms of Payment: |
LC CAD Cash Open Account Bank Transfer TT Other
.. |
|
Local Terms of Payment: |
LC CAD Cash Open Account Bank Transfer TT Other
.. |
15
Please review the attachment. Please find the attachment.
Interviewed person: Mr. Ali Johari Manager, he confirmed it.
Credit Worthy
Source : Abrar Newspaper
Esfahan's
Mobarakeh Steel Company Presents at 19th Galvanizing and Coil Coating
Conference, Sep-10-2014 04:45 PM
Aug
28 14
Esfahan's
Mobarakeh Steel Company Presents at 19th Galvanizing and Coil Coating
Conference, Sep-10-2014 04:45 PM. Venue: Dusit Thani Hotel, Abu Dhabi, United
Arab Emirates. Speakers: Alireza Gandomkar, Galvanizing & Colour Coating
Lines Director, Bahram Sobhani, Managing Director.
Mobarakeh
Steel Presents at Metal Bulletin's 17th Middle East Iron and Steel, Dec-10-2013
11:15 AM
Oct
4 13
Mobarakeh
Steel Presents at Metal Bulletin's 17th Middle East Iron and Steel, Dec-10-2013
11:15 AM. Venue: Conrad Hotel, Dubai, United Arab Emirates. Speakers:
Amirhossein Naderi, Financial Deputy.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.16 |
|
|
1 |
Rs.94.28 |
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Euro |
1 |
Rs.73.73 |
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 SCs
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.