MIRA INFORM REPORT

 

 

Report No. :

303189

Report Date :

20.01.2015

 

IDENTIFICATION DETAILS

 

Name :

RANGIN ZEREH INDUSTRIAL& CHEMICALS COMPANY

 

 

Registered Office :

First Floor, No.15,  15th Str, Khaled Isamboli Str, Bokharest St, Arjanten Ave Tehran

 

 

Country :

Iran

 

 

Date of Incorporation :

14.06.1985

 

 

Com. Reg. No.:

1287

 

 

Legal Form :

Private Joint Stock Company

 

 

Line of Business :

Manufacture of protective, marine& powder coatings, industrial colors, marine, epoxy and polyurethane flooring, acrylic, construction, cars local.

 

 

No. of Employee :

70

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

No Complaints

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

 

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:                       RANGIN ZEREH INDUSTRIAL& CHEMICALS COMPANY

Company Trade Name:              RANGIN ZEREH COMPANY

Address:                                   First Floor, No.15,  15th Str, khaled Isamboli Str, Bokharest St, Arjanten Ave Tehran, Iran

 Postal Code:                            15138-14511                                          

P.O.BOX:                                 -

Telephone:                                +98 21 88723676-6

Fax:                                         +98  21 88716358

Website:                                    www.ranguinzereh.com

E-mail:                                      info@ranguinzereh.com

 

 

Registration & Legal Details

 

Current Legal Form:                   Private Joint Stock Company

Registration Address:                  First Floor, No.15,  15th Str, khaled Isamboli Str, Bokharest St, Arjanten Ave

Tehran, Iran

Start Date:                                14/06/1985

Registration Number:                1287 

 

Registration Date:                                 14/06/1985

Registration Town:                                 Qazvin

 National Code ID:                                 10861402655

 

Note:

Former Legal Form:

Limited Liability Company

Date of change: 15/06/2013

 

 

Capital 

 

Nominal Capital: 5,000,000,000

Share No: 1,000

Share Value: 5,000,000

 

 

Shareholders

 

Shareholder Names

Manousi – Family                              70%

Hamid Reza Khalili Ardeli                30%

 

 

Principals

 

Name:                                       Mr. Ramin Manousi  

Position within the company:     Chairman of the Board

Country of Birth:                        Iran

Nationality:                                Iranian

Can fluently speak:                    Farsi- English

 

Name:                                       Mr. Hamid Reza Khalili Ardeli

Position within the company:     Vice Chairman

Country of Birth:                        Iran

Nationality:                                            Iranian

Can fluently speak:                    Farsi- English

 

Name:                                       Mrs. Maryam  Manousi  

Position within the company:     Member of the Board of Directors

Country of Birth:                          Iran

Nationality:                                Iranian

Can fluently speak:                    Farsi- English

 

Name:                                       Mr. Ali Asghar Manousi  

Position within the company:    Managing Director& Member of the Board of Directors

Country of Birth:                        Iran

Nationality:                                Iranian

Can fluently speak:                    Farsi- English

 

Name:                                       Mr. Akbar Salami

Position within the company:    Director

Country of Birth:                         Iran

Nationality:                                Iranian

Can fluently speak:                    Farsi- English

 

 

Company Activities

 

Manufacture of protective, marine& powder coatings, industrial colors, marine, epoxy and polyurethane flooring , acrylic, construction, cars Local.

Reporters consider the investigated company to be  Medium in their field of concern

Branch:

Hesar Kharvan, 20Km Tehran- Qazvin Rd, Iran

Postal Code:  34319-4-8734                  

Tel: + 98 282 223018, 2853664

Fax: + 98 282 2223028

 

 

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, Turkey

 

 

Export

 

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: 10

 

 

Related Companies

 

 

Suppliers:

Taavoni Maskan Kargari Rangen Zereh Company (Subsidiary Company )

Banks

 

Mellat Bank

Branch: -

 

 

Financial Information

 

Auditor:            Mr.Mohamad Tehrani Maram

Solicitor:           Mr. Naghi Montaeri

 

 

Payments

 

Subject's payments reported to be: Non- Complaint

 

 

interview & reporter comments       

 

Name/Title:                    Mr. Ali Asghar Manousi   - Managing Director  

 

Note:

 

The registered name of company is Rangin Zereh Industrial & Chemicals Company.

 

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 Family Business

 

 

   

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.70

UK Pound

1

Rs.93.41

Euro

1

Rs.71.33

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

TPT

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

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%)

 

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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.