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Report No. : |
326314 |
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Report Date : |
09.06.2015 |
IDENTIFICATION DETAILS
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Name : |
MIRSUN ENERGY COMPANY |
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Registered Office : |
Unit 3rd , No.30, 2nd Bahar South Shiraz St, Mollasadra Ave, Vanak Sq Tehran 1435865186 |
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Country : |
Iran |
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Date of Incorporation : |
17.06.2013 |
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Com. Reg. No.: |
438748 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Importer and distribution of
all kinds of pumps, compressors, pipes, casing and tubing, electrical
equipment and cables, instruments and gages and transmitters, turbines, power
generation equipment and development projects, urban services |
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No. of Employees : |
7 |
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 : |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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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 |
Reference No: 326314
Company Name: Mirsun Energy Company
Company Trade Name: -
Address: 5th Floor, No.
16, West 4th Golbarg Alley, Baharestan St,
Dadman St,
Shahrak-e-Gharb
Tehran, Iran
Postal Code: 1998783713
P.O.BOX: -
Telephone: + 98 21
26422420, 26422128
Fax: + 98 21 26422884
Website: www.mirsun.biz.com
E-mail:
info@mirsun.biz.com
Current Legal Form:
Limited Liability Company
Registration Address:
Unit 3rd ,
No.30, 2nd Bahar South Shiraz
St, Mollasadra Ave, Vanak Sq
Tehran 1435865186
Iran
Start Date: 17/06/2013
Registration Number:
438748
Registration Date:
17/06/2013
Registration Town:
Tehran
National Code ID:
14003472470
Nominal Capital: 500,000,000
Share No: 500,000
Share Value: 1,000
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Shareholder Names |
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Mr. Seyed Hossein Jafari 70% |
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Mrs. Parisa Khalili Moghadam 30% |
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Name:
Mr. Seyed Hossein
Jafari
Position within the company:
Managing Director&
Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mrs. Parisa Khalili Moghadam
Position within the company:
Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Importer & distribution of
all kinds of pumps, compressors, pipes, casing & tubing, electrical
equipment & cables, instruments & gages & transmitters, turbines,
power generation equipment& development projects, urban services.
Local Reporters consider the investigated company to be Small
in their field of concern
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Company Employs: 7
Operates from:
Rented, Office, Warehouse
Location:
Central Business Area, Main Road
Import %:
30%- Finished Goods
Import term:
Bank Transfer
Import from:
China
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: 2
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Maskan Bank
Branch:-
Auditor: Mr. Aboullfazl Dana
Solicitor: Mr. Navid Garma Bakhsh
Subject's payments reported to be: Non- Complaint
Name/Title: Mr. Seyed Hossein Jafari
The subject confirmed it, 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:
All of owners involved in the running of the business
Age of Business: Under five Year business
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.11 |
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|
1 |
Rs.97.84 |
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Euro |
1 |
Rs.71.12 |
INFORMATION DETAILS
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Analysis Done by
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RAS |
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Report Prepared
by : |
SHG |
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.