MIRA INFORM REPORT
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Report No. : |
331693 |
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Report Date : |
18.07.2015 |
IDENTIFICATION DETAILS
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Name : |
FOOLAD GHAEM RAH TRADING COMPANY |
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Registered Office : |
No.17, Behrouz St, Madar Sq, Mirdamad Blvd, Tehran 1911934314 |
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Country : |
Iran |
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Date of Incorporation : |
29.11.1995 |
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Com. Reg. No.: |
118019 |
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Legal Form : |
Private Joint Stock Company |
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Line of Business : |
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No. of Employees : |
14 |
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 : |
No Complaints |
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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
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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, 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 |
Company Details
Company Name:
Foolad Ghaem Rah Trading Company
Company Trade Name: Foolad Ghaem Rah
Company, FGR Company
Address:
Unit 21, No.17, Behrouz St, Madar Sq, Mirdamad Blvd
Tehran, Iran
Postal Code: 1911934314
P.O.BOX:
-
Telephone: + 98
21 22924093, 22881965, 22872674, 88311395
Fax: +98 21 22872721,
88842539
Mobile: + 98 912 2133193
Website:
www.fgrco.com
E-mail: info@fgrco.com
Registration & Legal Details
Current Legal Form:
Private Joint Stock Company
Registration Address:
No.17, Behrouz St, Madar Sq, Mirdamad Blvd
Tehran 1911934314, Iran
Start Date:
29/11/1995
Registration Number:
118019
Registration Date:
29/11/1995
Registration Town: Tehran
National Code ID:
10101616029
Note:
The registered name of company is Foolad Ghaem Rah Trading Company.
Note:
Former Legal Form:
Limited Liability Company
Date of change: 01/03/2007
Capital
Nominal Capital: 1,000,000,000
Share No: 1,000
Share Value: 1,000,000
Shareholders
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Shareholder Names |
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Mr. Mohammad Ali Sherafat 60% |
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Mrs. Somayeh Siyamak Nezhad 40% |
Principals
Name:
Mr. Mohammad Ali Sherafat
Position within the company:
Chairman& Managing Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mrs. Somayeh Siyamak Nezhad
Position within the company:
Vice Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mrs. Mina Gholami
Position within the company:
Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Company Activities
Exportation of different kinds of edible, health and detergent products
and building materials.importation of health products, dried date, raisin,
solid vegetable oil, steel deformed bar, stearic acid, liquid vegetable oil,
tooth brush, soy protein, safety razors.
Local Reporters consider the investigated company to be
Medium in their field of concern
Brands:
Treza, Perfect, BITA, Day
Employees
Company Employs: 14
HQ Premises
Operates from:
Owned, Offices, Warehouses
Location: Central Business
Area, Main Road
Branches:
Apt. 12, Bldg No. 266, Motahari Ave, Tehran, Iran
Postal Code: 15886454
Premises : Rented, Office
Branches in :
1- Georgia
2- Malaysia
3- Russia
Imports
Import %: 50%- Finished
Goods
Import term:
Bank Transfer
Import from:
China, Swiss, Malaysia,Russia
Export
Export : Finished
Goods
Export %: 20%
Export from: CIS countries
Trading & Selling
Territory: 80 % Nationality , 20 %
Internationally
Type of Customer:
Group Companies, Retailers
Terms of sales:
letters of credit
Vehicles: Total number of vehicles:
5
Related Companies
-
Banks
Saderat Bank
Branch:-
Financial Information
Auditor: Mr. Alireza Pirmoradi
Solicitor: Mr. Seyed Ali Ahadi Far
Payments
Subject's payments reported to be: Non- Complaint
interview & reporter comments
Name/Title:
Mr. Mohammad Ali Sherafat
Local Reputation: The company being investigated is considered by local reporters to be a
Medium Trade Risk and to be fair.
Owner/Shareholders Comments:
All of owners involved in the running of the business
Age of Business: Old business
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.63.49 |
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UK Pound |
1 |
Rs.99.43 |
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Euro |
1 |
Rs.69.14 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
TRU |
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 |
-- |
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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.