|
Report No. : |
304038 |
|
Report Date : |
30.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
ARSHIA GROUP |
|
|
|
|
Registered Office : |
No.1, 30 Alley Arash,
Mehr Street ( Shahr Ara St), Jalal-Al-E- Ahmad Ave, Tehran |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
Not Available |
|
|
|
|
Legal Form : |
Not Available |
|
|
|
|
Line of Business : |
Not Available LOB [We tried to confirm / obtain the detailed activity but the same is
not available from any sources] |
|
|
|
|
No. of Employee : |
3 (Group) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Not registered in Iran |
|
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 |
ARSHIA GROUP
Address: No.1, 30 Alley Arash, Mehr Street ( Shahr Ara St)
Jalal-Al-E- Ahmad Ave, Tehran, Iran
Telephone: +
98 21 88242692
Fax: +98 21 88268194
Mobile: +98 9121063791 / 9125225851
E-mail: info@arshia-group.com
Website: www.arshia-group.com
Current Legal Form -
Registration Address:
-
Registration
Number: -
Registration
Date: -
Registration Town: -
National NO: -
Capital: -
Note: the company is not registered in Iran
Registry.
It declined it.
Name: Mr.
Ali Samadi
Position within the company: Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Persian, English
Name: Mr. Hamed Abbasi
Position within the company: Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Persian, English
Supplier of
industrial equipment and tools.
Local Reporters consider the investigated company to be Medium
in their field of concern
Solicitor:
-
Auditors:
-
Group Employs: 3
Sales:
%100 National
Sales
to:
group companies, Importers, Exporters
Sales Term:
Cash, Letter of Credit
Vehicles:
1
Operates
Form: Rented:
Office, Warehouse
Location: Central
Business Area, Side Road
Imports From:
China, India, Germany
Importing Terms: Letters of credit
Import % and type of product: 50% Finished Goods
Additional Information: Balance of %50
purchased via local market.
No Related
Companies
Name/Title: Mr. Hamed
Abbasi - Director
He refused to give
us the registration details of the company, following to our investigation in
Iran Registry, the company is not registered in Iran.
Local Reputation:
The company being investigated is believed by local reporters to be a High
Trade Risk and to be secure.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 61.50 |
|
|
1 |
Rs. 93.12 |
|
Euro |
1 |
Rs. 69.33 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
ASH |
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.