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Report No. : |
304023 |
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Report Date : |
31.01.2015 |
IDENTIFICATION DETAILS
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Name : |
TINA ROSE QESHM
COMMERCIAL COMPANY |
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Registered Office : |
No.254, Hashemi St, Qeshm |
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Country : |
Iran |
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Date of Incorporation : |
14.08.2004 |
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Com. Reg. No.: |
1326 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Subject is a General Trading Company and Supplier of Health and Beauty
Products |
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No of Employees : |
05 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
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Iran |
b1 |
b1 |
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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 |
Company Name: Tina
Rose Qeshm Commercial Company
Company Trade Name: Tina Rose
Company
Address:
No 7, Mojtehed Ave, Daraei St, Tabr
Tehran, Iran
Postal Code:
5134938188
E-mail:
mailto:spmo@cloi.ir -
Current Legal Form: Limited Liability Company
Registration Address:
No.254, Hashemi St
Qeshm, Iran
Start Date:
14/08/2004
Registration Number: 1326
Registration Date: 14/08/2004
Registration Town:
Qeshm
National Code ID: -
Nominal Capital: 60,000,000
Share No: 60,000
Share Value: 1,000
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Shareholder Names |
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Mr. Mahmoud Golsorkh Isfahani 50% |
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Mr. Naser Rohani Zadeh 20% |
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Mr. Yadoullah Norbakhsh 30% |
Name: Mr.
Naser Rohani Zadeh
Position within the company:
Chairman of the Board
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Yadoullah
Norbakhsh
Position within the company:
Vice Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak:
Farsi- English
Name: Mr.
Mahmoud Golsorkh Isfahani
Position within the company:
Managing Director and Member of the Board
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr.
Hossein Kaveh
Position within the company:
Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
It is a general trading company and supplier of health and beauty
products.
Local Reporters consider the investigated company to be Small
in their field of concern
Company Employs: 5
Operates from:
Rented , Office
Location:
Central Business Area
Import %:
30%- Finished Goods
Import term:
Bank Transfer
Import from:
China
It doesn’t any export.
Territory:
100 % Nationality
Type of Customer: Retailers
Terms of sales:
letters of credit
Vehicles:
Total number of vehicles: 2
Mellat Bank
Branch: Shademan
Auditor: Mr.Akbar Vaghar Kashani
Solicitor: Mojrian Pouya Auditing Co
Subject's payments reported to be: Unknown
Name/Title: Mr. Mahmoud
Golsorkh Isfahani - Managing Director
Note:
The registered name of company is Tina Rose Qeshm Commercial Company.
I couldn’t find the telephone number, and all the report is based on
Iran Registry.
Local Reputation:
The company being investigated is considered by local reporters to be a
High Trade Risk and credit to be secured.
Owner/Shareholders Comments:
All of owners involved in the running of the business
Age of Business: Old Business
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.76 |
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UK Pound |
1 |
Rs.93.13 |
|
Euro |
1 |
Rs.70.03 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
MNL |
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 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.