|
Report No. : |
331425 |
|
Report Date : |
11.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
NABCO LTD |
|
|
|
|
Registered Office : |
Laleh St, 18Ave Abadan, Khouzestan |
|
|
|
|
Country : |
Iran |
|
|
|
|
Date of Incorporation : |
27.08.2013 |
|
|
|
|
Com. Reg. No.: |
2541 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Supplier of construction materials and cements. |
|
|
|
|
No. of Employees : |
5 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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, inefficiencies, and reliance on oil and gas exports, but Iran also possesses significant agricultural, industrial, and service sectors. The Iranian government directly owns and operates hundreds of state-owned enterprises and indirectly controls many companies affiliated with the country's security forces. Distortions - including inflation, price controls, subsidies, and a banking system holding billions of dollars of non-performing loans - weigh down the economy, undermining the potential for private-sector-led growth. Private sector activity includes small-scale workshops, farming, some manufacturing, and services, in addition to medium-scale construction, cement production, mining, and metalworking. Significant informal market activity flourishes and corruption is widespread. Fiscal and monetary constraints, following the expansion of international sanctions in 2012 on Iran's Central Bank and oil exports, significantly reduced Iran's oil revenue, forced government spending cuts, and sparked a sharp currency depreciation. Iran’s economy contracted for the first time in two decades during both 2012 and 2013, and grew only slightly 2014. Iran continues to suffer from high unemployment and underemployment. Lack of job opportunities has prompted many educated Iranian youth to seek employment overseas, resulting in a significant "brain drain." In June 2013, the election of President Hasan RUHANI generated widespread public expectations of economic improvement and greater international engagement. In connection with ongoing international negotiations over Iran’s nuclear program the limited sanctions relief for Iran provided under the Joint Plan of Action of November 2013, helped to forestall the decline in the economy in 2014.
|
Source : CIA |
Company Name: Nabco Ltd
Also Trade as: -
Address: No 2, 1st Sahel, North Motahari Darya Blvd
Saadat Abad
Tehran Iran 1998875956
Tel: + 98 21 88561167-68 / +98 631 4460940
Fax: + 98 21 88561167
Website: -
E-mail: bacoltd@msn.com
Company was originally started as a on 2013.
Current Legal Form: Limited Liability Company
Registration Address: Laleh
St, 18Ave
Abadan, Khouzestan, Iran
Registration Number: 2541
Registration Date: 27/08/2013
Registration Town: Khouzestan
Capital: 10,000,000 Iranian Rials
Shareholders:
|
Shareholder Name |
Share % |
|
Jazayeriasl family Iran |
100% |
Name: Mr. Morteza Jazayeriasl
Position within the company: Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi-English
Mobile phone: +98 916 3317818
Name: Mr. Hussein Sadeghi
Position within the company: Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi
Name: Mr. Hashem Sharifi
Position within the company: Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi
Supplier of construction materials and cements.
Branches:
Laleh St, 18Ave
Abadan, Khouzestan, Iran
Local Reporters consider the investigated company to be Small in their field of concern
Company Employs: 5
Sales: 100%
Nationally
Sales to: Group companies, General
Public
Sales Term: Cash, Bank Transfer, accept credit, Letter of credit
Vehicles: 3
Operates Form: Rented: Office
Location: Central Business Area
Bank Sepah
Iran
Auditors: Mr. Abbas Sajedi
Solicitors: Mr.
Amir Gharbali
Imports From: India, China
Importing Terms:
Bank
Transfer
Import % and type of product: 75
% Finished Goods
Export % and type of product: Subject does not export
-
Subject's payments reported to be: Slow
Reporter Comment Date: 10/07/2015
Name/Title: Mr. Hashem Sharifi - Manager
The subject refused us.
Note: the company is not known on Iran market
Local Reputation:
The company being investigated is considered by local reporters to be a High
Trade Risk and To Be Secured.
Owner/Shareholders Comments: Some of the owners / shareholders have an active participation in the running of the business.
Age of Business: Under Five Year
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.38 |
|
UK Pound |
1 |
Rs.97.65 |
|
Euro |
1 |
Rs.70.43 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
VNT |
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.