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Report No. : |
324865 |
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Report Date : |
02.06.2015 |
IDENTIFICATION DETAILS
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Name : |
IRAN TRACTORSAZI
MOTORSAZAN COMPANY |
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Registered Office : |
2nd Fl, No. 57, |
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Country : |
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Date of Incorporation : |
09.12.1987 |
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Com. Reg. No.: |
4064 |
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Legal Form : |
Public Joint Stock Company |
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Line of Business : |
Subject is manufacture of diesel & gas engines, agriculture, generator,
industrial, vehicle, parts |
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No. of Employee : |
650 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Iran |
B1 |
B1 |
|
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.
|
Source
: CIA |
Company Name: IRAN
TRACTORSAZI MOTORSAZAN COMPANY
Company
Trade Name: Iran Tractor Machinery Industrial
Group, Iran Tractor Manufacturing
Company
Address: 2nd Fl, No. 57, Mahyar St, Opposite Jam E Jam
Vali E Asr St
Postal Code: 1966946413
P.O.BOX: 51845337
Telephone: + 98 21
22050115, 22031617, 22031618, 22031619,
22011223
Fax: + 98 411 4255858, 21 22019220, 22010783,
22045195
Website: www.motorsazan.com
E-mail: info@motorsazan.com, sales @ motorsazan.ir
Current
Legal Form: Public Joint Stock Company
Registration
Address: 5Km,
Sardrood Road
Tabriz,Iran
Start
Date:
09/12/1987
Registration
Number: 4064
Registration
Date: 09/12/1987
Registration
Town: Tabriz
National Code ID: 10200101232
Note:
The
registered name of company is Iran Tractorsazi Motorsazan Company.
Nominal
Capital: 204,120,000,000
Share
No: 204,120,000
Share
Value: 1,000
|
Shareholder
Names |
|
Azarbaeijan
Diesel Automakers Company
30% |
|
Mehr
Eghtisad Financial Group Company 20% |
|
Tadbirgaran
Atiehgaran Atieh Iranian Investment Company 20% |
|
Astan
Qods Razavi
10% |
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Razavi
Eghtisadi Organization Institute 10% |
|
Public
10% |
Name: Mr. Hossein Modares
Kheyabani
Position
within the company: Chairman
Country
of Birth: Iran
Nationality: Iranian
Can
fluently speak:
Farsi- English
Name:
Mr.
Aboullfath Ebrahimi
Position
within the company: Vice Chairman
Country
of Birth: Iran
Nationality: Iranian
Can
fluently speak:
Farsi- English
Name:
Mr.
Mohammad Shahbaz Najafalizadeh
Position
within the company: Manager Director& Member
Country
of Birth: Iran
Nationality: Iranian
Can
fluently speak:
Farsi- English
Name:
Mr.
Hojat Seiflou
Position
within the company: Member
Country
of Birth: Iran
Nationality: Iranian
Can
fluently speak:
Farsi- English
Name: Mr.
Saeid Tavasouli
Position
within the company: Member
Country
of Birth: Iran
Nationality: Iranian
Can
fluently speak: Farsi- English
Manufacture
of diesel & gas engines, agriculture, generator, industrial, vehicle,
parts.
Local Reporters consider the investigated company to be Large
in their field of concern
Company Employs:
650
Operates from: Owned, Offices, Warehouses,
Factory
Location: Central Business
Area, Main Road
Branches:
Factory : Sardrood Road , I.T.M.Co.Complex, Motorsazan.Co,Tabriz,Iran
P.O.Box
: 51845-337 Tabriz-Iran
Tel
: +98 41 34248000
Fax
: +98 41 34245945-6
Tehran
Office : Across from shahab khodro , KM 9.5 of karaj special road.
Tel
: +98 21 44539200
Fax
: +98 21 44539204
Import %: 45%- Finished Goods
Import
term: Bank Transfer
Import
from: Germany, Italy
Export
Export:
Finished Goods
Export %: 5%
Export
from: Iraq, Afghanistan
Territory: 100 % Nationality
Type
of Customer: Group Companies, Retailers
Terms
of sales: letters of credit
Vehicles: Total number of vehicles: 40
Iran Tractor Industrial Machinery Company
Kargaran Iran
Tractorsazi Motorsazan Company
Parts supply and Engineering Company
Commercial and After-Sales Service Company
Foundry Company
Industrial Services Company
Khodrosazan Diesel
Azarbaeijan Company
Tractor Sazi Kordestan Company
Tractor Sazi Oroumeih Company
Siba Motor Company
Tractor Sazi Ogiran Company
Tractor Sazi Veniran Company
Mellat
Bank
Branch:
Diesel Abad
Tabriz, Iran
Auditor:
Hoshyar Momaeiz Auditing Institute
Solicitor:
Rahyaft Va Hamkaran Auditing Institute
Subject's
payments reported to be: Non- Complaint
Name/Title: Mr. Mohammad
Shahbaz Najafalizadeh
Local Reputation:
The company being investigated is considered by local reporters to be a
Normal
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.61 |
|
|
1 |
Rs.97.27 |
|
Euro |
1 |
Rs.69.63 |
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 |
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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 |
|
<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.