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Report No. : |
322231 |
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Report Date : |
19.05.2015 |
IDENTIFICATION DETAILS
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Name : |
ARTA KISH KAM COMPANY |
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Formerly Known As : |
ARTA KAM KISH COMPANY |
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Registered Office : |
Unit 10, 2nd Floor, Iran Zamin building Across of Pardis Agora Kish |
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Country : |
Iran |
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Date of Incorporation : |
30.03.2004 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Importer & distribution of types of coffee, cappuccino, hot
chocolate, chocolate |
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No. of Employee : |
120 |
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
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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 |
In absence of financials, no credit limit could be recommended.
Company Name:
ARTA KISH KAM COMPANY
Company Trade Name: -
Address: Unit
10, 2nd Floor, Iran Zamin building Across of Pardis Agora
Kish, Iran
Postal Code: -
P.O.BOX: -
Telephone: + 98 76 44472030
Fax: + 98 76 44472415
Mobile No:
+ 98 912 3779439
Website:
www.artakishkam.com
E-mail:
artakishyahoo.com
Current Legal Form:
Limited Liability Company
Registration Address:
1st Floor,
Paniz International Agora,
Kish 7941895115, Iran
Start Date: 30/03/2004
Registration Number:
2091
Registration Date:
30/03/2004
Registration Town: Kish
National Code ID: 10861537310
Note:
Former Legal Name: Arta Kam Kish
Company.
Date of Change: 24/07/2004
Nominal Capital: 5,000,000,000
Share No: 5,000,000
Share Value: 1,000
He declined.
Name:
Mr. Mir Ali Davachi
Position within the company:
Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mr. Seyed Hadi Davachi
Position within the company:
Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mr. Majid Soltani
Position within the company:
Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Importer& distribution of
types of coffee, cappuccino, hot chocolate, chocolate.
Local Reporters consider the investigated company to be Large in their field of concern
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Company Employs: 120
Operates from:
Owned, Offices, Warehouses
Location: Central Business Area,
Main Road
Branches:
Unit 303, 3rd Floor, No.226, Farmanieh St, Dezashib St, Qods Sq, Tajrish Sq
Tehran, Iran
Tel: + 98 21 22398994, 88974395, 88974396
Import %: 75%- Finished
Goods
Import term: Bank Transfer
Import from: Switzerland,
Germany, Poland and Turkey, Malaysia
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:
12
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Pasargad Bank
Auditor: Mr. Safar Farzadi
Solicitor: Mr. Hasan Sharafi
Subject's payments reported to be: Non- Complaint
Name/Title: Mr. Mir Ali
Davachi
Note:
The subject has 15 branches in Kish Island
.
Note:
Local Reputation: The company being investigated is considered by local reporters to be a
Normal 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
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Indian Rupees |
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US Dollar |
1 |
Rs.63.55 |
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1 |
Rs.99.86 |
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Euro |
1 |
Rs.72.67 |
INFORMATION DETAILS
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Analysis Done by
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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 |
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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.