MIRA INFORM REPORT

 

 

Report No. :

304036

Report Date :

31.01.2015

 

IDENTIFICATION DETAILS

 

Name :

KAHROBAGOSTAR COMPANY

 

 

Registered Office :

Building, beside Gas Station, Arghavanieh St Esfahan PO Box 814651531

 

 

Country :

Iran

 

 

Date of Incorporation :

26.10.1982

 

 

Com. Reg. No.:

9242

 

 

Legal Form :

Private Joint Stock Company

 

 

Line of Business :

Supplier of industrial machineries and tools

 

 

No. of Employee :

25

 

 

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:         KAHROBAGOSTAR COMPANY

 

Also Trade as:                            -

 

Address:                      Mahan Building, beside Gas Station, Arghavanieh St

                                    Esfahan PO Box 814651531, Iran

 

Tel:                            + 98 21

 

 

Fax:                           + 98 21

 

Website:                      www.kahrobagostar.com

 

E-mail:                         info@kahrobgostar.om

 

 

Company was originally started on 1982.

 

 

Registration & Legal Details

 

 

Current Legal Form:                Private Joint Stock Company

Registration Address:  Mahan Bldg, Arghounieh

                                                Esfahan 8159889391, Iran

 

 

Registration Number:               9242

 

Registration Date:                     26/10/1982

Registration Town:Tehran

Capital:                                     48,500,000,000Iranian Riyals

National ID:                                10260303298

Chamber of Commerce No:         111240

 

 

Shareholders

 

Shareholders:

Shareholder Name

 

Share %

 

Mr. FarzadFrouzbakhsh

40%

Mr. MohammadaliHajiabadiEsfahani

40%

Mrs. FaridehRahimpourAnaraki

20%

 

 

Principals

 

Name:       Mr. FarzadFrouzbakhsh

Position within the company:        Chairman

Country of Birth:                             Iran

Nationality:                                      Iranian

Can fluently speak:                         Farsi-English

 

 

Name:       Mr. MohammadaliHajiabadiEsfahani

Position within the company:        Managing Director & Vice Chairman

Country of Birth:                             Iran

Nationality:                                      Iranian

Can fluently speak:                        Farsi- English

 

 

Name:       Mrs. FaridehRahimpourAnaraki

Position within the company:        Manager

Country of Birth:                             Iran

Nationality:                                      Iranian

Can fluently speak:                        Farsi- English

 

 

Name:       Mrs. Mina Shojaei

Position within the company:        PurchaseManager

Country of Birth:                             Iran

Nationality:                                      Iranian

Can fluently speak:                        Farsi- English

 

 

Activations

 

Supplier of industrial machineries and tools.

 

 

AGENCIES:

Bartec- Germany

Prysmian-

DVCInternational – Denmark

TVJC- Spain

Fangda Carbon New Material Co Ltd – China

Honsberg – Germany

Omerin- France

Matex- UK

Valve- CZ

TurboenergoDetal – Russia

HSR & A Co Ltd- South Korea

Rocma – Russia

Good Luck Steel Tubes Limited

EMZ- Germany

Scandinavaran Centre – Denmark

ELKAM

G-High- China

 

PARTNERS:

Alstom

Ebara

Sulzer

Masoneilan

Strack

Weir

Samson

Barksdale

Crane

Emerson

Dresser

Crosby

Fisher

KSB

Stork

ITT

Flowserve

 

Local Reporters consider the investigated company to beMedium in their field of concern

 

 

Operations

 

Company Employs:            25

 

Sales:                                 100% Nationally

Sales to:                              Group companies, General Public

 

Sales Term:                        Cash, Bank Transfer, accept credit, Letter of credit

Vehicles:                             7

 

 

HQ Premises

 

Operates Form:           Owned: Office, Warehouse

 

 Location:                     Central Business Area, Main Road,

 

 

Bankers

 

Bank Saderat

Branch: 22 Bahman

Iran

 

 

Financial

 

Information Financial is not available/applicable

 

Auditor: Mrs. ShahparDarchehzadeh

Solicitor: Mr. Hamid KashiDarcheh

 

 

Imports

 

Imports From:Italy, UK, Germany, Denmark, China, South Korea

Importing Terms:                          Bank Transfer

Import % and type of product:            100% Finished Goods

 

 

Export

 

Export % and type of product:                  Subject does not export

 

 

Related Companies

 

AFFILIATES:

 

Jaber Trading Company

Iran

Payment

 

Subject's payments reported to be:  NO COMPLAINTS

 

 

Interview & Reporter Comments

 

In the interview with Mr. MortezaJavadi- Manager, he confirmed it.

 

 

Conclusions

 

Local Reputation:

The company being investigated is considered by local reporters to be a Medium Trade 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 family business

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.76

UK Pound

1

Rs.93.13

Euro

1

Rs.70.03

 

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

Report Prepared by :

ANK

 

 

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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