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Report No. : |
327242 |
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Report Date : |
20.06.2015 |
IDENTIFICATION DETAILS
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Name : |
ARTA INDUSTRY TESTING |
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Registered Office : |
Unit 3, 2nd Floor, No 36, Parcham St, Tohid Sq Tehran1457874894 |
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Country : |
Iran |
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Date of Incorporation : |
08.10.2005 |
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Com. Reg. No.: |
256490 |
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Legal Form : |
Private Joint Stock Company |
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Line of Business : |
The subject is involved in counseling& education, performing a non-destructive,
non-destructive test of international education, implementation of color weld
inspection and corrosion, welding inspection training, in oil, gas,
petrochemical, and power plants industry. |
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No. of Employees : |
8 |
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 : |
Small Company |
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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 |
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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.
|
Source
: CIA |
Company Name:
ARTA INDUSTRY TESTING
Company Trade Name: ARTA INDUSTRY GROUP
Address:
Unit 3, 2nd Floor, No 36, Parcham St, Tohid Sq
Tehran, Iran
Postal Code: 1457874894
P.O.BOX: -
Telephone: + 98 21 66903001-3
Fax: +98 21 66420863
Website: www.ait-ndt.com
E-mail: info@ait-ndt.com
History
Previous address:
No.144, Nosrat St,
Tohid Sq Tehran147976911, Iran
Date of change:
30/10/2011
Current Legal Form:
Private Joint Stock Company
Registration Address:
Unit 3, 2nd Floor, No 36,
Parcham St, Tohid Sq Tehran1457874894, Iran
Start Date: 08/10/2005
Registration Number:
256490
Registration Date:
08/10/2005
Registration Town: Tehran
National Code ID:
10102967709
Nominal Capital: 100,000,000 Iranian Rials
Share No: 100,000
Share Value: 1,000 Iranian Rials
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Shareholder Names |
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Mr. Mehdi Nour Ahmadi 35% |
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Mr. Somayeh Shahrabi Farahani 20% |
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Mr. Aref Kiyani Deh Kiyani 45% |
Name:
Mr. Mehdi Nour
Ahmadi
Position within the company:
Managing Director&
Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mr. Somayeh
Shahrabi Farahani
Position within the company:
Vice Chairman
Country of Birth:
Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mr. Aref Kiyani
Deh Kiyani
Position within the company:
Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
The subject is involved in counseling& education, performing a
non-destructive, non-destructive test of international education,
implementation of color weld inspection and corrosion, welding inspection
training, in oil, gas, petrochemical, and power plants industry.
Local Reporters consider the investigated company to be Small in their field of concern
Company Employs: 8
Operates from:
Rented, Office, Warehouse
Location: Central
Business Area, Main Road
Branch:
No.244, Corner of Justice, Arvand Free Zone 6417813658,
Iran
Mr. Mehdi Nour
Ahmadi – 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
Ayandeh Bank
Branch:-
Auditor: Mr. Reza Yavari
Solicitor: Mr. Ahmad Khajavi
Subject's payments reported to be: Non-
Complaint
Name/Title: Mr. Mehdi Nour Ahmadi
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.63.82 |
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|
1 |
Rs.101.26 |
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Euro |
1 |
Rs.72.36 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
TPT |
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.