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Report No. : |
321174 |
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Report Date : |
11.05.2015 |
IDENTIFICATION DETAILS
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Name : |
PARS SIRANG KISH INDUSTRIAL SERVICES COMPANY |
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Registered Office : |
Southern Ground Floor Unit, Block 15 Kish Iran 79417-98174 79415-786 |
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Country : |
Iran |
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Date of Incorporation : |
01.08.2010 |
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Com. Reg. No.: |
8469 |
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Legal Form : |
Private Joint Stock Company |
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Line of Business : |
Importer of drive, control and industrial automation & after-sales
services & commissioning and installation of systems, troubleshooting,
maintenance and spare part. |
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No. of Employee : |
11 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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) |
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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.
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Source
: CIA |
Company Name: PARS
SIRANG KISH INDUSTRIAL SERVICES COMPANY
Company Trade Name: Pars Sirang Kish Company, Pars Sirang
Industrial Services Company, PSK
Address:
Southern Ground Floor Unit, Block
15
Kish Iran
Postal Code:
79417-98174
P.O.BOX:
79415-786
Telephone:
+ 98 764 4424919
Fax: + 98
764 4423343
Website:
www.pskish.com
E-mail:
info@pskish.com
Note:
HISTORY
Previous address: No.289,
1st Floor, Bazar Venous Kish 79417-64347, Iran
Date of change: 13/10/2011
Current Legal Form:
Private Joint Stock
Company
Registration Address:
Southern Ground Floor
Unit, Block 15, Pars Office Complex
Kish 7941798174, Iran
Start Date: 01/08/2010
Registration Number:
8469
Registration Date:
01/08/2010
Registration Town:
Kish
National Code ID: 10980119809
Note:
The registered name of company is Pars Sirang Kish Industrial Services
Company.
Nominal Capital: 3,000,000,000
Share No: 300,000
Share Value: 10,000
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Shareholder
Names |
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Mrs. Keyhandokht Kavyan Pour
70% |
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Mr. Reza Nazari 30% |
Name: Mr.
Hamid Reza Gheidi
Position within the company:
Manager Director (Out of
shareholder)
Country of Birth: Iran
Nationality: Iranian
Can fluently speak:
Farsi- English
Name:
Mrs. Keyhandokht Kavyan Pour
Position within the company:
Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mr. Reza Nazari
Position within the company:
Vice Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mr. Mehdi Kavyan Pour
Position within the company:
Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mr.
Ali Pour Mohammadi
Position within the company:
Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Importer of drive, control and industrial automation& after-sales
services& commissioning and installation of systems, troubleshooting,
maintenance and spare part.
Local Reporters consider the investigated company to be Medium in their field of concern
Brands:
BOSCH REXROTH, Deublin, Settima, Stenflex, VSE, CIESSE, I.E.S., TSA,
beinlich, HBE, blago, DST, HYDAC, Jager, ZIMM
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Company Employs: 11
Operates from:
Rented, Office, Warehouse,
Workshop
Location: Central Business Area, Main Road
Import %: 35% Finished Goods
Import term: Bank Transfer
Import from: Germany
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:
3
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Mellat Bank
Branch: Kish, Iran
Auditor: Mrs. Leila Samsami
Solicitor: Mr. Bijan Tarat
Subject's payments reported to be: Non- Complaint
Name/Title: Mr. Hamid Reza Gheidi
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.05 |
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|
1 |
Rs.99.04 |
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Euro |
1 |
Rs.71.76 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
ANK |
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 |
-- |
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.