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Report No. : |
326109 |
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Report Date : |
10.06.2015 |
IDENTIFICATION DETAILS
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Name : |
PISHGAMAN TEJARAT SOBH COMPANY |
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Registered Office : |
Unit 665, 7th Floor, Bahar Building, South Bahar Street Tehran, Tehran |
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Country : |
Iran |
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Date of Incorporation : |
15.09.2007 |
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Com. Reg. No.: |
305869 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Importer of all
kinds of products based on the demands of its clients. [We tried to confirm / obtain the detailed activity but the same is
not available from any sources] |
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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) |
|
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
Name: Pishgaman Tejarat Sobh Company
Company Trade
Name: -
Address: Unit 665,
7th Floor, Bahar Building, South Bahar Street Tehran
Tehran, Iran
Postal Code: -
P.O.BOX: -
Telephone:
+ 98 21
77616917
Fax: -
Website: -
E-mail: -
History
Previous address: No.44, Jam Zadeh Alley, Karon St
Tehran, Iran
Date of change: 22/05/2014
Current Legal Form:
Limited Liability Company
Registration Address:
Ground Floor, No.23, Shahid Mosa Mokhtari, Shahid Mohammad
Shekari Alley, North Sajad St
Tehran 1361966811, Iran
Start Date: 15/09/2007
Registration Number:
305869
Registration Date:
15/09/2007
Registration Town: Tehran
National Code ID:
10103425487
Nominal Capital: 15,000,000
Share No: 15,000
Share Value: 1,000
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Shareholder Names
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Mr. Salar Fayazi
40% |
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Mr. Hossein Ahjariyan 50% |
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Mrs. Manizheh Haj Karbalaei Alikhan 10% |
Name:
Mr. Salar Fayazi
Position within the company:
Managing Director&
Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mr. Hossein Ahjariyan
Position within the company:
Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mrs. Manizheh Haj Karbalaei Alikhan
Position within the company:
Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Importer of all kinds of products based on the demands of its clients.
Local Reporters consider the investigated company to be small in their field of concern
--
Company Employs: 7
Operates from: Rented, Office, Warehouse
Location: Central Business Area,
Main Road
Branch:
Unit403, 4 th
Floor, Parand Building,
Delavaran Alley, Pasdaran Blvd,
Bandar Abbas 7917878160,
Iran
Mr. Seyed Mohsen
Hosseini Eichi – Manager
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
--
Refah Bank
Branch:-
Auditor: Mr. Jafar Yavari
Solicitor: Mr. Mohsen Namazi
Subject's
payments reported to be: Unknown
Date: 07/06/2015
Name/Title: Mr. Salar Fayazi
Local Reputation:
The company being investigated is considered by local reporters to be a
High 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.64.11 |
|
|
1 |
Rs.97.84 |
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Euro |
1 |
Rs.71.12 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
VNT |
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.