|
Report No. : |
303271 |
|
Report Date : |
20.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
SAZEH POUYESH COMPANY |
|
|
|
|
Registered Office : |
No. 51, Niyayesh St, Sattarkhan Ave, Tehran |
|
|
|
|
Country : |
Iran |
|
|
|
|
Financials (as on) : |
30.12.2014 |
|
|
|
|
Date of Incorporation : |
31.07.1996 |
|
|
|
|
Com. Reg. No.: |
132189 |
|
|
|
|
Legal Form : |
Public joint Stock Company |
|
|
|
|
Line of Business : |
Manufacture of automotive electronic parts, car security systems, engine electronic parts, multimedia parts, mechatronic parts, testing equipment, EMS engine part series, auto lock sets. |
|
|
|
|
No. of Employee : |
266 |
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 Name: Sazeh Pouyesh Company
Company Trade Name: SPCO
Address: No. 47, Niyayesh St. Sattarkhan Ave
Tehran, Iran
Postal Code: 1443813445
P.O.BOX:
-
Telephone: +98 982166559742, 66559743, 66559744,
66559745- 50, 66559751-3
Mobile phone number: +98 913 1884971, 912 8167881
Fax: +98
21 66504547
Website:
w.w.w.sazehpouyesh.com
E-mail: ghorbani@sazehpouyesh.com, hrad@sazehpouyesh.com,
purchase4@sazehpouyesh.com,
Eisavand@sazehpouyesh.com
Current Legal Form:
Public joint Stock Company
Registration Address:
No. 51, Niyayesh St, Sattarkhan Ave
Tehran, Iran
Start Date: 31/07/1996
Registration Number:
132189
Registration Date: 31/07/1996
Registration Town: Tehran
National Code ID: 10101754741
Note:
Former Legal Form
The former number address of the company was 49 in 06/11/2010.
Nominal Capital: 100,000,000,000
Share No: 100,000,000
Share Value: 1,000
|
Shareholder Names |
|
Ouzam Investment Company 30% |
|
Paya Kalach Company
25% |
|
Faraklon Company 16% |
|
Asnam Sanat Company 10% |
|
Local Investors
19% |
Name: Mr. Amir Reza
Rafei
Position within the company: Vice Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Mohammad Sadeghian
Position within the company: Managing Director and Member of the
Board
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Shahrokh Rezaei Amiri
Position within the company: Chairman
Country of Birth: Iran
Nationality:
Iranian
Can fluently speak: Farsi- English
Name: Mr. Ahmad Janbozorgi
Position within the company: Member of the Board of Directors
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Hamid Khademi
Position within the company: Member of the Board of Directors
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Manufacture of automotive electronic parts, car security systems, engine electronic
parts, multimedia parts, mechatronic parts, testing equipment, EMS engine part
series, auto lock sets.
Local Reporters consider the investigated company to be Large in their field of concern
Branches:
Factory address:
Plant No. 286, 1st Phase, Eshtehard Industrial Zone, Karaj, Iran
Tel: + 98 262 2773806 – 8, 263 7776189, 7776190, 7776191
Fax: + 98 262 2773421
Imported Brands:
Bosch, BENTELER
Employees
Company Employs: 266
HQ Premises
Operates from:
Owned, Offices, Warehouses, laboratory
Location: Central Business
Area, Main Road
Imports
Import %:
40%- Finished Goods
Import term: Bank Transfer
Import from: Europe, Germany
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: 20
No Related companies
Saderat Bank
Please find the attachment.
Auditor: Namagar Hesab
Auditing Institute
Solicitor: Bahmand Auditing
Institute
Subject's payments reported to be: Non- Complaint
Name/Title:
Mr. Mohammad Sadeghian -
Managing Director
Note:
The address which
you provided is not accurate one.
No.51 Moayesj St-. Sattarljam Ave-. Tejeram. ORM
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
|
Description |
End of real to |
End of past financial year |
Percent of |
Description |
End of real to |
End of past financial year |
Percent of |
|
Current Assets |
Liabilities |
||||||
|
Cash |
20,332 |
5,487 |
271 |
Current Liabilities |
|||
|
Current Investment |
0 |
0 |
-- |
Current Trade Payables |
147,266 |
173,828 |
(15) |
|
Current Trade Receivables |
224,687 |
125,242 |
79 |
Current Payables To Related Paties |
0 |
0 |
-- |
|
Current Receivables Due From Related Paties
|
0 |
0 |
-- |
Other Current Payables |
568,659 |
453,053 |
26 |
|
Other Current Receivables |
124,576 |
68,652 |
81 |
Deferred Income |
159,144 |
176,626 |
(10) |
|
Inventories |
517,460 |
309,562 |
67 |
Current Tax Liabilities |
15,293 |
17,916 |
(15) |
|
Current Advances To Suppliers |
418,110 |
0 |
-- |
Dividends Payable |
167,995 |
43,202 |
289 |
|
Current Prepaid Expenses |
0 |
609,363 |
-- |
Current Financial Liabilities At Amortised
Cost |
80,717 |
275,648 |
(71) |
|
Non-Current Assets Or Disposal Groups Classified
As Held For Sale Or As Held For Distribution To Owners |
0 |
0 |
-- |
Liabilities Included In Disposal Groups
Classified As Held For Sale |
0 |
0 |
-- |
|
Total Current Assets |
1,305,165 |
1,118,306 |
17 |
Total Current Liabilities |
1,139,074 |
1,140,273 |
0 |
|
Non-Current Assets |
Non-Current Liabilities |
||||||
|
Non Current Receivables |
0 |
0 |
-- |
Non Current Payables |
0 |
0 |
-- |
|
Non Current Investment |
2 |
2 |
0 |
Non Current Financial Liabilities At
Amortised Cost |
219,702 |
0 |
-- |
|
Property, Plant And Equipment |
502,352 |
417,609 |
20 |
Provisions For Employee Benefits |
18,536 |
14,443 |
28 |
|
Intangible Assets And Goodwill |
0 |
74,673 |
-- |
Total Non-Current Liabilities |
238,238 |
14,443 |
1,550 |
|
Other Assets |
75,897 |
0 |
-- |
Total Liabilities |
1,377,312 |
1,154,716 |
19 |
|
Total Non-Current Assets |
578,251 |
492,284 |
17 |
Equity |
|||
|
Issued Capital |
100,000 |
100,000 |
0 |
||||
|
Share Premium |
0 |
0 |
-- |
||||
|
Receipts For Unregistered Capital |
0 |
0 |
-- |
||||
|
Statutory Reserve |
10,000 |
10,000 |
0 |
||||
|
Other Reserves |
0 |
0 |
-- |
||||
|
Revaluation Surplus Of Non-Current Assets Held
For Sale |
0 |
0 |
-- |
||||
|
Revaluation Surplus |
0 |
0 |
-- |
||||
|
Exchange Reserve For Governmental
Corporations' Assets And Liabilities |
0 |
0 |
-- |
||||
|
Retained Earnings |
396,104 |
345,874 |
15 |
||||
|
Total Equity |
506,104 |
455,874 |
11 |
||||
|
Total Assets |
1,883,416 |
1,610,590 |
17 |
Total Equity And Liabilities |
1,883,416 |
1,610,590 |
17 |
|
Period end to date |
30/12/2014 |
30/12/2013 |
30/03/2014 |
|
|
Profit (Loss) |
||||
|
Revenue |
2,250,843 |
1,304,409 |
73 |
2,139,118 |
|
Cost Of Sales |
(1,915,410) |
(1,039,328) |
84 |
(1,784,484) |
|
Gross Profit |
335,433 |
265,081 |
27 |
354,634 |
|
Distribution And Administrative Expenses |
(73,476) |
(47,534) |
55 |
(71,595) |
|
Other Operating Income (Expense) |
16,337 |
6,943 |
135 |
10,365 |
|
Total Costs |
(57,139) |
(40,591) |
41 |
(61,230) |
|
Profit (Loss) From Operating Activities |
278,294 |
224,490 |
24 |
293,404 |
|
Finance Costs |
(34,897) |
(24,300) |
44 |
(32,400) |
|
Other Gains (Losses) |
1,573 |
993 |
58 |
(30) |
|
Profit (Loss) Before Tax |
244,970 |
201,183 |
22 |
260,974 |
|
Income Tax Expense |
(14,740) |
(13,620) |
8 |
(14,353) |
|
Profit (Loss) From Continuing Operations |
230,230 |
187,563 |
23 |
246,621 |
|
Profit (Loss) From Discontinued Operations |
0 |
0 |
-- |
0 |
|
Profit (Loss) |
230,230 |
187,563 |
23 |
246,621 |
|
Basic Earnings (Loss) Per Share |
||||
|
Basic Earnings (Loss) Per Share From
Continuing Operations - Operating |
0 |
2,842 |
-- |
0 |
|
Basic Earnings (Loss) Per Share From
Continuing Operation- Non-Operating |
0 |
(295) |
-- |
0 |
|
Basic Earnings (Loss) Per Share From Discontinued
Operations |
0 |
0 |
-- |
0 |
|
Basic Earnings (Loss) Per Share |
0 |
2,547 |
-- |
0 |
|
Diluted Earnings (Loss) Per Share |
||||
|
Diluted Earnings (Loss) Per Share From
Operating Continuing Operations |
0 |
0 |
-- |
0 |
|
Diluted Earnings (Loss) Per Share From
Non-Operating Continuing Operation |
0 |
0 |
-- |
0 |
|
Diluted Earnings (Loss) Per Share From
Discontinued Operations |
0 |
0 |
-- |
0 |
|
Diluted Earnings (Loss) Per Share |
0 |
0 |
-- |
0 |
|
Statement Of Income And Retained Earnings,
Additional Disclosure |
||||
|
Profit (Loss) |
230,230 |
187,563 |
23 |
246,621 |
|
Profit (Loss) |
345,874 |
172,896 |
100 |
172,896 |
|
Retained Earnings At Beginning Of Period |
0 |
(1,561) |
-- |
(3,643) |
|
Prior-Period Adjustments |
345,874 |
171,335 |
102 |
169,253 |
|
Adjusted Retained Earnings, Begining
Balance |
||||
|
Changes In Retained Earnings |
0 |
0 |
-- |
0 |
|
Transfer From Other Equity Items |
0 |
0 |
-- |
0 |
|
Changes In Capital From Retained Earnings |
(180,000) |
(70,000) |
157 |
(70,000) |
|
Dividends Declared And Paid Or Payable |
0 |
0 |
-- |
0 |
|
Transfer To Statutory Reserve |
0 |
0 |
-- |
0 |
|
Transfer To Other Reserves |
(180,000) |
(70,000) |
157 |
(70,000) |
|
Total Changes In Retained Earnings |
396,104 |
288,898 |
37 |
345,874 |
|
Retained Earnings At End Of Period |
2,302 |
1,876 |
23 |
2,466 |
|
Listed Capital |
100,000 |
100,000 |
0 |
100,000 |
Figures: 000,000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.69 |
|
|
1 |
Rs.93.41 |
|
Euro |
1 |
Rs.71.33 |
INFORMATION DETAILS
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
DPT |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.