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Report No. : |
313409 |
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Report Date : |
19.03.2015 |
IDENTIFICATION DETAILS
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Name : |
LAJVAR HYDRAULIC COMPANY |
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Registered Office : |
Talash St, Haji Abad Industrial estate7th Km of Tehran Rd Arak, Arak |
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Country : |
Iran |
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Date of Incorporation : |
01.01.2001 |
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Com. Reg. No.: |
3702 |
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Legal Form : |
Private Joint Stock Company |
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Line of Business : |
Subject is manufacture of hydraulic jacks, elevator jacks, telescopic
jacks, hydraulic cylinders, pneumatic cylinders, hydraulic power units,
hydraulic lifts& machining services, consulting and design. |
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No. of Employee : |
80 |
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 : |
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 – 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, 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: LAJVAR HYDRAULIC COMPANY
Company Trade Name: Lajvar
Industrial Group
Address:
Talash St, Haji Abad Industrial estate7th Km
of Tehran Rd Arak
Arak, Iran
Postal Code: 7597-5-38199
P.O.BOX: -
Telephone: +98 86 34131060, 861 4131060-1, 4131674,
34131111
Fax: +98
86 34131673, 861 4131140, 34131400, 34131110
Website: www.lajvarh.com
E-mail: info@lajvarh.com, h_mahdinia@lajvarh.com,
Current Legal Form:
Private Joint Stock Company
Registration Address:
Talash St, Haji Abad
Industrial estate7th Km of Tehran Rd
Arak, Iran
Start Date: 01/01/2001
Registration Number:
3702
Registration Date: 01/01/2001
Registration Town: Arak
National Code ID: 10780071682
Nominal Capital: 14,250,000,000
Share No: 19,000,000
Share Value: 750,000
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Shareholder Names |
|
Mahdinia- Family 100% |
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Name:
Mr. Hamid Reza
Mahdinia
Position within the company:
Managing Director and
Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mr. Mohammad
Mahdinia
Position within the company: Vice Chairman& Managing Director
Deputy
Country of Birth: Iran
Nationality:
Iranian
Can fluently speak: Farsi- English
Name: Mr. Hassan Farahani
Position within the company: Financial
Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Reza Mohajerani
Position within the company: Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- Englis
Name: Mr. Mitra Mansouri
Position within the company: R&D Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- Englis
Manufacture of hydraulic jacks, elevator jacks, telescopic jacks,
hydraulic cylinders, pneumatic cylinders, hydraulic power units, hydraulic
lifts& machining services, consulting and design.
Local Reporters consider the investigated company to be Medium
in their field of concern
Company Employs: 80
Operates from:
Owned, Office, Warehouse
Location: Central Business Area, Main Road
Import %: 50%- Finished Goods
Import term: Bank Transfer
Import from: Europe,
Italy, Germany, Korea, Syria
Export : 5% Finished Goods
Export from: Armenia, Azerbaijan
Territory: 95 % Nationality, 5% International
Type of Customer:
Group Companies, Retailers
Terms of sales:
letters of credit
Vehicles: Total number of vehicles: 15
Taavoni Karkonan Maskan Lajvar Industrial Group
Lajvar Company
Tosan Sazan Company
Euro Lajvar Lift Company
Cargotec Company
CTE Group Company
Ruthmann Company
Platform Basket Company
JUNJIN CSM Company
Hadaya Motors Group Company
Mellat Bank
Branch: Shademan
Auditor: Karamad Hesab Iranian Auditing Institute
Solicitor: Mr. Vahid Eradi
Subject's payments reported to be: Non- Complaint
Date: 18/03/2015
Name/Title: Mr. Hamid Reza Mahdinia - Managing
Director
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 Family Business
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.67 |
|
|
1 |
Rs.92.46 |
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Euro |
1 |
Rs.66.33 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
ASH |
RATING EXPLANATIONS
|
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 |
-- |
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.