|
Report No. : |
310982 |
|
Report Date : |
09.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
NAVID COMPOSITE MATERIAL COMPANY |
|
|
|
|
Registered Office : |
No 3 Alley 23, 16th Janbazan Street, North Kargar Ave Tehran |
|
|
|
|
Country : |
Iran |
|
|
|
|
Date of Incorporation : |
15.09.2002 |
|
|
|
|
Com. Reg. No.: |
206251 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of carbon fiber, composite material. |
|
|
|
|
No of Employees : |
75 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Iran |
B1 |
B1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
IRAN ECONOMIC OVERVIEW
Iran's economy is marked by statist policies, an inefficient state sector, and reliance on oil, a major source of government revenues. Price controls, subsidies, and other distortions weigh down the economy, undermining the potential for private-sector-led growth. Private sector activity is typically limited to small-scale workshops, farming, some manufacturing, and services. Significant informal market activity flourishes and corruption is widespread. New fiscal and monetary constraints on Tehran, following the expansion of international sanctions in 2012 against Iran's Central Bank and oil exports, significantly reduced Iran's oil revenue, forced government spending cuts, and fueled a 60% currency depreciation. Economic growth turned negative in 2012 and 2013, for the first time in two decades. Iran continues to suffer from double-digit unemployment and underemployment. Lack of job opportunities has convinced many educated Iranian youth to seek jobs overseas, resulting in a significant "brain drain." However, the election of President Hasan RUHANI in June 2013 brought about widespread expectations of economic improvements and greater international engagement among the Iranian public, and early in Ruhani's term the country saw a strengthened national currency and a historic boost to market values at the Tehran Stock Exchange.
|
Source
: CIA |
Company Name: Navid Composite Material Company
Company Trade Name: NCM, Navid Composite
Address: No 3 Alley 23, 16th Janbazan Street
North Kargar Ave
Tehran, Iran
Postal Code: -
P.O.BOX:
-
Telephone: +98
21 88630310
Fax: +98 21 88630310
Website:
-
E-mail:
-
Current Legal Form:
Limited Liability Company
Registration Address:
No
3 Alley 23, 16th Janbazan Street
North
Kargar Ave
Tehran, Iran
Start Date: 15/09/2002
Registration Number:
206251
Registration Date:
15/09/2002
Registration Town: Tehran
National Code ID:
-
Nominal Capital: 100,000,000 Iranian Rials
Parent Co:
Sanam Industrial Group
Iran
Name:
Mr. Asghar Falahi
Position within the company:
Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mr. Saeid Ravan Khah
Position within the company:
Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Manufacture of carbon
fiber, composite material.
A subsidiary of Sanam Industrial Group; building
a production line for carbon fiber probably suitable for ballistic missile
components, and which is capable of producing 150 tons of carbon fiber
annually; contracted with Asian-based entities for procurement.
Added to the Specially Designated Nationals
(SDN) list maintained by the U.S. Treasury Department's Office of Foreign
Assets Control (OFAC) on December 12, 2013, freezing its assets under U.S.
jurisdiction and prohibiting transactions with U.S. parties, pursuant to
Executive Order 13382, which targets proliferators of weapons of mass
destruction (WMD) and their delivery systems.
Local Reporters consider the investigated company to be
MEDIUM in their field of concern
-
Company Employs: 75
Operates from:
Rented, Office, Warehouse, Factory
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: 5
No Related companies.
-
Auditor: -
Solicitor: -
Subject's payments reported to be: Non- Complaint
Date: 05/03/2015
Name/Title: Mr. Asghar
Falahi - Manager
He refused to
cooperate with us.
Note: The
company is not registered in iran registry.
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. 62.20 |
|
|
1 |
Rs. 94.71 |
|
Euro |
1 |
Rs. 68.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
DPT |
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.