MIRA INFORM REPORT

 

 

Report No. :

323939

Report Date :

25.05.2015

 

IDENTIFICATION DETAILS

 

Name :

EYE BACK TEB PARS COMPANY

 

 

Registered Office :

2nd Floor, No.2nd, 3rd Alley,  Khaled Eslambouli St, Behesti St, Tehran

 

 

Country :

Iran

 

 

Date of Incorporation :

16.01.2008

 

 

Com. Reg. No.:

316505

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Importer of ophthlamic medical device, lens intraocular, punctum plug, cosmetic products, medical and laboratory equipment.

 

 

No. of Employee :

8

 

 

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 :

No complaints

 

 

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

 

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 Details

 

Company Name:                       EYE BACK TEB PARS COMPANY

 

Company Trade Name:              -

 

Address:                                  2nd Floor, No.2nd, 3rd Alley,  Khaled Eslambouli St, Behesti St , Tehran, Iran                         

                                                                                               

Postal Code:                             1513635917                                       

P.O.BOX:                                  -

 

Telephone:                                 + 98 21 88842144

Fax:                                          + 98 21 88842370

 

Website:                                   www.eyebackteb.com

E-mail:                                     info@eyebackteb.com, touraj@eyebackteb.com

 

 

History

 

Previous address:                     1st Floor, No.5, Tour Alley, Mofatih St, Hafte Tir Sq,

                                                Tehran 1584874311, Iran

 

Date of change:                        07/07/2014

        

 

Registration & Legal Details

 

Current Legal Form:                               Limited Liability Company

 

Registration Address:                            2nd Floor, No.2nd, 3rd Alley,  Khaled Eslambouli St, Behesti St,  Tehran 1513635917, Iran                         

 

                                                      

Start Date:                                            16/01/2008

Registration Number:                                         316505

 

Registration Date:                                 16/01/2008

Registration Town:                                 Tehran

 National Code ID:                                 10103532014

 

 

Capital      

                       

Nominal Capital: 15,000,000,000

Share No: 15,000,000

Share Value: 1,000

 

 

Shareholders

 

Shareholder Names

Mr. Touraj Dashtban      50%

Mrs. Azadeh Nikzad       50%

 

 

Principals

 

Name:                                                   Mr. Touraj Dashtban

Position within the company:                 Chairman& Managing Director

Country of Birth:                                    Iran

Nationality:                                            Iranian

Can fluently speak:                                Farsi- English

 

Name:                                                   Mrs. Azadeh Nikzad

Position within the company:                 Vice Chairman

Country of Birth:                                    Iran

Nationality:                                            Iranian

Can fluently speak:                                Farsi- English

 

Name:                                                  Mr. Ali Salavati

Position within the company:                 Manager

Country of Birth:                                    Iran

Nationality:                                            Iranian

Can fluently speak:                                Farsi- English

 

 

Company Activities

 

Importer of ophthlamic medical device, lens  intraocular, punctum plug , cosmetic products, medical and laboratory equipment.

Local Reporters consider the investigated company to be  Medium in their field of concern

 

Operations

 

-

 

 

Employees 

 

Company Employs: 8

 

 

HQ Premises

 

Operates from:                          Rented, Office, Warehouse

 Location:                                 Central Business Area, Main Road

 

 

Imports

 

Import %:                                  40%- Finished Goods

Import term:                              Bank Transfer

Import from:                              China, 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

 

 

Related Companies

 

--

 

 

Banks

 

Pasargad Bank

Branch:-

 

 

Financial Information

 

Auditor:            Mr. Rahim Mostafaei

Solicitor:           Mr. Vali Vali Zadeh

 

 

Payments

 

Subject's payments reported to be: Non- Complaint

 

 

interview & reporter comments                

 

Name/Title:                               Mr. Touraj Dashtban

 

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.63.57

UK Pound

1

Rs.99.67

Euro

1

Rs.70.93

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

ANK

 

 

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%)

 

 

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