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Report No. : |
331691 |
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Report Date : |
16.07.2015 |
IDENTIFICATION DETAILS
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Name : |
ELECON COMPANY |
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Registered Office : |
No.19, 1st Floor, Bazar Sanat passage, Laleh Zare St, Tehran |
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Country : |
Iran |
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Date of Incorporation : |
Not Available |
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Legal Form : |
Not Available |
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Line of Business : |
Subject is importer of electronics accessories |
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No. of Employees : |
5 |
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 |
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Status : |
Not registered in Iran |
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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 – 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 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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.
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Source
: CIA |
ELECON
COMPANY
ELECTRO ALI COMPANY
No.19, 1st Floor, Bazar Sanat
passage, Laleh Zare St, Tehran, Iran
Telephone:
+98 21
33119428, 6673 4859
Fax: + 98 21 33926627
Mobile
No : +98
912 3365 512
Website: -
E-mail: ali_reyahe@yahoo.com
Current
Legal Form: -
Registration
Address: -
Start
Date:
-
Registration
Number: -
Registration
Date: -
Registration
Town: -
National Code ID: -
Nominal
Capital: -
Share
No: -
Share
Value: -
No
Data
Name: Mr. Amir reyahe
Position
within the company: Manager
Country
of Birth:
Iran
Nationality: Iranian
Can
fluently speak:
Farsi- English
Name: Mr. Omid Javid
Position
within the company: Manager
Country
of Birth:
Iran
Nationality: Iranian
Can
fluently speak:
Farsi- English
Name: Mr.
Ali reyahe
Position
within the company: Manager
Country
of Birth:
Iran
Nationality: Iranian
Can
fluently speak:
Farsi- English
Importer
of electronics accessories.
Local Reporters consider the investigated company to be samll
in their field of concern
Employees
Company Employs:
5
HQ Premises
Operates from: Rented, Office
Location:
Central
Business Area, Main Road
Imports
Import %: 25 %- Finished Goods
Import
term: Bank Transfer
Import
from: China
Export
It
doesn’t any export.
Territory: 100 %
Nationality
Type
of Customer: Group
Companies, Retailers
Terms
of sales: letters of
credit
Vehicles:
Total number of vehicles: 1
-
Saderat
Bank
Branch:-
Auditor:
-
Solicitor:
-
Unknown
Name/Title: Mr. Amir
reyahe
He
refused to give us the registration details.
Note:
the company is not registered in Iran Registry Office.
Note:
The
Register Number that you provided belonged to another company : ( Ariyan Energy
Novin Iliya Commercia l
Company )
Register
Number: 331691
Local Reputation:
The company being investigated is considered by local reporters to be a
High Trade Risk and to be secured.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.38 |
|
|
1 |
Rs.99.13 |
|
Euro |
1 |
Rs.69.69 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.