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Report No. : |
343276 |
|
Report Date : |
06.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
TEHRANHOBBY COMPANY |
|
|
|
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Registered Office : |
No.
224 Saadi Shomali St, (in front of Hotel Shiraz) Tehran |
|
|
|
|
Country : |
Iran |
|
|
|
|
Date of Incorporation : |
Not Available |
|
|
|
|
Legal Form : |
Not Available |
|
|
|
|
Line of Business : |
Importer
of Toys & Entrainment Products. |
|
|
|
|
No. of Employees : |
4 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Not Registered in Iran Registry |
|
|
|
|
Payment Behaviour : |
Unknown |
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|
|
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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) |
|
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
Name: Tehranhobby Company
Company
Trade Name: Tehran Hobby
Address: No. 224 Saadi Shomali St, (in front of Hotel
Shiraz) Tehran, Iran
Postal
Code: -
P.O.BOX: -
Telephone: +98 21 8836 2505/ +98 912 1441 386
Fax: +98 21 8857 4216
Website: www.tehranhobby.com
E-mail: info@tehranhobby.com
Current
Legal Form: -
Registration
Address: -
Start
Date: -
Registration
Number: -
Registration
Date: -
Registration
Town: -
National
Code ID: -
Nominal
Capital: -
Share
No: -
Share
Value: -
|
Shareholder
Names |
|
|
Name:
Mr.
Safar Ramizan
Position
within the company: Manager
Country
of Birth: Iran
Nationality: Iranian
Can
fluently speak: Farsi- English
Name:
Mr.
Shahab Sadaf Zadeh
Position
within the company: Manager
Country
of Birth: Iran
Nationality: Iranian
Can
fluently speak:
Farsi- English
Importer
of toys & entrainment products.
Local Reporters consider the investigated company to be small
in their field of concern
---
Company Employs:
4
Operates from: Rented, Offices, Warehouse
Location: Central Business
Area, Main Road
Branch:
Floor
1st, No.1, Pak Alley, Mirza
Babaei St, Poonak Ave
Tehran,
Iran
Tel:
+ 98 21 44618198
Fax:
+ 98 21 44618210
Shop,
Rented
Import
%: 20%- Finished
Goods
Import
term: Bank Transfer
Import
from: China
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: 1
----
Melli
Bank
Branch:-
Auditor:
-
Solicitor: -
Subject's
payments reported to be: Non- Complaint
Name/Title: Mr. Safar
Ramizan, The subject refused
to give us the registration details of the company.
Note:
The company is not registered in Iran Registry.
Local Reputation:
The Company being investigated is considered by local reporters to be a High
Trade Risk and to be secured.
Owner/Shareholders Comments:
All
of owners involved in the running of the business
Age of Business: -
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.29 |
|
|
1 |
Rs.99.31 |
|
Euro |
1 |
Rs.73.39 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
NIT |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.