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Report No. : |
350229 |
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Report Date : |
25.11.2015 |
IDENTIFICATION DETAILS
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Name : |
SIMA ELECTRO TEB COMPANY |
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Registered Office : |
Apt 7, No. 12, Shahid Mokhberi Str, Ashrafi Esfahani Highay, Poonak Ave, Tehran |
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Country : |
Iran |
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Date of Incorporation : |
13.11.2006 |
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Com. Reg. No.: |
283863 |
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Legal Form : |
Private Joint Stock Company |
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Line of Business : |
Importer & consultation of medical equipment& products,
IT electronics, software and hardware. |
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No. of Employee : |
6 |
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 : |
Small company |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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: SIMA ELECTRO TEB
COMPANY
Company Trade Name: SET Eng Company
Address: Apt 7, No. 12, Shahid Mokhberi Str,
Ashrafi Esfahani Highay, Poonak Ave,
Tehran, Iran
Postal Code: 1476693987
P.O.BOX:
-
Telephone: +98
21 44494147
Fax: + 98 21 44493957
Website:
-
E-mail: simaelectro@gmail.com
Current Legal Form: Private Joint Stock Company
Registration Address:
1st Floor, No.7,
Shahid Jahangir Moghim Alley, 27 Sq, Narmak
Ave
Tehran 1647644553, Iran
Start Date: 13/11/2006
Registration Number:
283863
Registration Date:
13/11/2006
Registration Town: Tehran
National Code ID: 10103204655
Note:
The registered name of company is
Sima Electro Teb Company.
Nominal Capital: 5,000,000
Share No: 500
Share Value: 10,000
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Shareholder Names Share% |
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Mr. Benyamin Ghasemi 50% |
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Mrs. Maryam Farzad 30% |
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Mr. Salman Masoumi 20% |
Name:
Mr. Benyamin
Ghasemi
Position within the company:
Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mrs. Maryam Farzad
Position within the company:
Vice Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mr. Salman Masoumi
Position within the company:
Member& Managing
Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mr. Sajad
Hasani
Position within the company:
Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Importer& consultation of
medical equipment& products, IT electronics, software and hardware, etc,...
Local Reporters consider the investigated company to be samll in their field of concern
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Company Employs: 6
Operates from:
Rented, Office, Warehouse
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, general public,
Terms of sales:
letters of credit
Vehicles: Total number of vehicles: 1
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Saderat Bank
Branch:-
Auditor: Mr. Amir Sedighi
Solicitor: Mrs. Farzaneh
Sedighi Ghahfaroukhi
Subject's payments reported to be: Non- Complaint
Name/Title: Mr. Salman Masoumi
He confirmed it.
Note:
Trade name of the subject is SET Eng Company.
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
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Currency |
Unit
|
Indian Rupees |
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US Dollar |
1 |
Rs.66.38 |
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|
1 |
Rs.100.45 |
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Euro |
1 |
Rs.70.55 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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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.