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Report No. : |
331920 |
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Report Date : |
23.07.2015 |
IDENTIFICATION DETAILS
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Name : |
HAMI ALLOY ASIA COMPANY |
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Registered Office : |
No 13-14-15 Parse Commercial Complex,
45 Metri Zarand Shri astorize Sq, Tehran |
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Country : |
Iran |
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Date of Incorporation : |
23.11.2011 |
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Com. Reg. No.: |
417501 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Importer of alloy steels, saw blades, alloy sheet, fire-resistant steel
sheet. |
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No. of Employee : |
26 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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
|
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: HAMI ALLOY ASIA COMPANY
Company Trade Name: Hamiran Steels Company
Address: No 13-14-15
Parse Commercial Complex, 45 Metri
Zarand Shri
Pastorize Sq, Tehran, Iran
Postal Code:
1386614519
P.O.BOX:
-
Telephone:
+ 98 21 66675032-4, 63511,
66672115
Fax: + 98
21 66193973, 66673707
Mobile: +
98 912 6010090
Website:
www.hamiransteel.com
E-mail: info@hamiransteel.com
Current Legal Form:
Limited Liability
Company
Registration Address:
No 13 Parse Commercial Complex
45 Metri Zarand Shri
Pastorize Sq, Tehran, Iran
Start Date: 23/11/2011
Registration Number: 417501
Registration Date:
23/11/2011
Registration Town:
Tehran
National Code ID: 10320692460
Nominal Capital: 1,000,000,000
Iranian Rials
Share No: 1,000
Share Value: 1,000,000 Iranian Rials
|
Shareholder Names |
Share% |
|
Miri family |
100% |
Name: Mr.
Seyed Hamed Miri
Position within the company:
Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mr. Seyed Alireza Miri
Position within the company:
Director
Country of Birth: Iran
Nationality:
Iranian
Can fluently speak: Farsi- English
Name:
Mr. Masoud Mosavi
Position within the company:
Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mr. Mojtaba Saeidi Zadeh
Position within the company: Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Importer of alloy steels, saw blades, alloy sheet, fire-resistant steel
sheet.
Brands: Kesmak
Local Reporters consider the investigated company to be Medium
in their field of concern
-
Company Employs: 26
Operates from:
Rented, Office, Warehouses
Location: Central Business
Area, Main Road
Branches:
No.53, Tejari Pars Ghadir Complex, Karaj Old Road 4th
Km,Tehran,Iran
Premised: Rented, Warehouse
45 Metri Zarand, 100 Meter After Hamian Bongah Karvash, Tehran, Iran
Premises : Rented, Warehouse
Import %:
40%- Finished Goods
Import term:
Bank Transfer
Import from:
Turkey
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: 6
-
Melli Bank
Branch:-
Auditor: Mr. Javad Forouzesh
Solicitor: Mr. Hamid Ghiyasi
Subject's payments reported to be: Non- Complaint
Name/Title: Mr. Masoud
Mosavi
Note: The subject is the sole agency of Kesmak
Company in Iran.
Note: Representative of isfahan Alloy Steel Complex.
Note: The registered name of company is Hami Alloy Asia
Company.
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: Under Five Year
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.53 |
|
|
1 |
Rs.99.19 |
|
Euro |
1 |
Rs.69.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
|
|
Report Prepared
by : |
SDA |
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.