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Report No. : |
327229 |
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Report Date : |
20.06.2015 |
IDENTIFICATION DETAILS
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Name : |
PARTONEGARAN SABA
COMPANY |
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|
|
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Registered Office : |
Unit 1st , No.10, Bot
Shekan Alley, Tohid Sq Tehran, |
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|
|
Country : |
Iran |
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Date of Incorporation : |
13.02.2003 |
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|
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Com. Reg. No.: |
199058 |
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|
|
|
Legal Form : |
Limited Liability Company |
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|
|
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Line of Business : |
The subject is involved in welding
control& inspection, industrial radiography equipment, NDT. |
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|
|
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No. of Employees : |
3 |
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 |
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|
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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 – 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 Name: Partonegaran Saba Company
Company
Trade Name: -
Address: 1st Fl, No 8, Botshekan Alley Tohid St
Tehran , Iran
Postal
Code: -
P.O.BOX: -
Telephone: + 98 21 66907376-7
Fax: + 98 21 66925165, 66907377
Website: -
E-mail: info@partonegaranesaba.blogfa.com
Current
Legal Form: Limited
Liability Company
Registration
Address: Unit 1st, No.10, Bot Shekan Alley, Tohid Sq,
Tehran, Iran
Start
Date:
13/02/2003
Registration
Number: 199058
Registration
Date: 13/02/2003
Registration
Town: Tehran
National
Code ID:
10102408749
Nominal
Capital: 10,000,000 Iranian Rials
Share
No: 10,000
Share
Value: 1,000 Iranian Rials
It
rejected.
Name:
Mr.
Hossein Dadbakhsh
Position
within the company: Manager
Country
of Birth: Iran
Nationality: Iranian
Can
fluently speak: Farsi- English
Name:
Mr.
Ali Asadi
Position
within the company: Manager
Country
of Birth: Iran
Nationality: Iranian
Can
fluently speak:
Farsi- English
The
subject is involved in welding control& inspection, industrial radiography
equipment, NDT.
Local Reporters consider the investigated company to be Small
in their field of concern
-
Employees
Company Employs:
3
HQ Premises
Operates from: Rented, Office, Warehouse
Location: Central Business
Area, Main Road
Imports
Import
%: 25%- Finished
Goods
Import
term: Bank Transfer
Import
from: India
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: 2
----
Mellat
Bank
Branch:-
Auditor:
Mr. Kazem Rastgar
Solicitor:
Mr. Kamran Yazdani
Unknown
Name/Title: Mr. Hossein
Dadbakhsh
Note:
He
refused to give us the registration detail. 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: Old business
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.82 |
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.