MIRA INFORM REPORT

 

 

Report No. :

327244

Report Date :

20.06.2015

 

IDENTIFICATION DETAILS

 

Name :

NASB AZMOON RAD COMPANY

 

 

Registered Office :

Secondo Floor,  No 26, Didgah Alley,  North Karegar St, Tehran 1414614583

 

 

Country :

Iran

 

 

Date of Incorporation :

14.06.2000

 

 

Com. Reg. No.:

163530

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

The Subject is involved in Welding Control & Inspection, Welding and Non Destructive Testing.

 

 

No. of Employees :

8

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

 

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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 Details

 

Company Name:                       Nasb Azmoon Rad Company

Company Trade Name:              Nasb Azmoon Rad  Inspection Company

 

Address:                                               Secondo Floor,  No 26, Didgah Alley,  North Karegar St

                                                            Tehran, Iran

                                                                                              

 Postal Code:                           1414614583                                         

P.O.BOX:                                             -

 

Telephone:                                + 98 21 88989824-26

Fax:                                                      + 98 21 88963720

 

Website:                                   -

 

E-mail:                                      -                                     

    

 

Registration & Legal Details

 

Current Legal Form:                    Limited Liability Company

Registration Address:                  Secondo Floor,  No 26, Didgah Alley,  North Karegar St

                                                     Tehran1414614583, Iran

                                                      

Start Date:                                   14/06/2000

Registration Number:                 163530

 

Registration Date:                       14/06/2000

Registration Town:                      Tehran

National Code ID:                       10102061326

 

 

Capital 

 

Nominal Capital: 500,000,000

Share No: 500,000

Share Value: 1,000

 

 

Shareholders

 

Shareholder Names

Mr. Abbas Pour Sohrab Keivi              50%

Mr. Sadegh Pour Sohrab Keivi           50%

 

 

Principals

 

Name:                                                   Mr. Sadegh Pour Sohrab Keivi

Position within the company:                 Managing Director& Member

Country of Birth:                                    Iran

Nationality:                                            Iranian

Can fluently speak:                                Farsi- English

 

Name:                                                  Mr. Abbas Pour Sohrab Keivi

Position within the company:                 Chairman& Member

Country of Birth:                                    Iran

Nationality:                                            Iranian

Can fluently speak:                                Farsi- English

 

Name:                                                   Mr. Asghar Ashrafi

Position within the company:                 Manager

Country of Birth:                                    Iran

Nationality:                                            Iranian

Can fluently speak:                                Farsi- English

 

 

Company Activities The subject is involved in welding control& inspection, welding and non destructive testing.

Local Reporters consider the investigated company to be  samll in their field of concern

 

 

Operations

 

Employees

Company Employees: 8

 

HQ Premises

Operates from:                 Rented, Office, Warehouse

 Location:                           Central Business Area, Main Road

 

Imports

Import %:                           35%- Finished Good

Import term:                      Bank Transfer

Import from:                       China

 

 

Export

It doesn’t  any export.

 

 

Trading & Selling

Territory:                                100 % Nationality

Type of Customer:                Group Companies, Retailers

Terms of sales:                      letters of credit

Vehicles:                                Total number of vehicles: 1

 

 

Related Companies

 

-

 

 

Banks

 

Parsian  Bank

Branch:-

 

 

Financial Information

 

Auditor: Mr. Akbar Akbari

Solicitor: Mr. Arsalan Omidi

 

 

Payments

 

Subject's payments reported to be: Non- Complaint

 

 

Interview & Reporter comments 

             

Name/Title:                               Mr. Sadegh Pour Sohrab Keivi- Manager

Note:

He confirmed it. 

 

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:                            Old Family business

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.82

UK Pound

1

Rs.101.26

Euro

1

Rs.72.36

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

Report Prepared by :

NIT

 

 

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%)

 

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