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Report No. : |
346965 |
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Report Date : |
27.10.2015 |
IDENTIFICATION DETAILS
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Name : |
FAN AVARAN BEHBOUD ENERGY ALBORZ COMPANY |
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Registered Office : |
Unit 9, Ariya Complex, No. 55, Riahi St, Shahid Riyahi Alley, Chahar Bagh Sq, South Jannatabad, Tehran |
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Country : |
Iran |
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Date of Incorporation : |
18.09.2010 |
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Com. Reg. No.: |
384470 |
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Legal Form : |
Private Joint Stock |
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Line of Business : |
Manufacture and design of heat
recovery steam generators, gas and diesel engine design and construction of
biogas recovery and biogas power plants "solar systems , design,
installation and operation of small-scale power plants advice (dg) systems
for simultaneous production of heat and power (chp)& powerhouse, service& repair and
maintenance of gas-fired engines, engine oil for gas generators. |
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No. of Employees : |
43 |
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 : |
Moderate |
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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) |
|
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:
Fan Avaran Behboud Energy Alborz Company
Company Trade Name: Faba
Energy Company
Address: Unit 9, Ariya Complex, No. 55, Riahi St, Shahid Riyahi Alley,
Chahar Bagh Sq, South
Jannatabad, Tehran
Tehran, Iran
Postal Code: 1473836183
P.O.BOX: -
Telephone: +98 21 44495131-2, 44623200
Fax: +98 21 44623367
Mobile No: + 98 938 6767535
Website: www.fabaenergy.com
E-mail: info@fabaenergy.com
History
Previous address: Unit 1st, No.4,
North Baloch St, Andarzgo Blvd, Ghiytarieh Ave
Tehran 1938844557,
Iran
Date of change: 28/05/2015
Current Legal Form: Private Joint Stock Company
Registration Address:
Unit 9, Ariya Complex, No. 55, Riahi St, Shahid Riyahi Alley,
Chahar Bagh Sq, South Jannatabad,
Tehran
Tehran 1473836183 , Iran
Start Date: 18/09/2010
Registration Number: 384470
Registration Date: 18/09/2010
Registration Town: Tehran
National Code ID:
10320347711
Nominal Capital: 1,800,000
Share No: 600,000
Share Value: 3
|
Shareholder Names |
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Mr. Mohammad Reaz Zomorodi
50% |
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Mrs. Elham Hadidi Maralani 30% |
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Mr. Mohanmad Marami
Bani 20% |
Name: Mr. Mohammad
Reaz Zomorodi
Position within the company:
Chairman r& Managing
Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mrs. Elham Hadidi Maralani
Position within the company:
Vice Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mr. Mohanmad Marami Bani
Position within the company:
Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mr. Saeid Fadaei
Position within the company:
Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Manufacture and design of heat recovery steam generators, gas and
diesel engine design and construction of biogas recovery and biogas power
plants "solar systems , design, installation and operation of small-scale
power plants advice (dg) systems for simultaneous production of heat and power
(chp)& powerhouse, service&
repair and maintenance of gas-fired engines, engine oil for gas generators.
Local Reporters consider the investigated company to be Medium
in their field of concern
Brands:
CATERPILLAR, Cummins, Doosan, Mtu, Perkins, Mitsubishi
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Company Employs:43
Operates from:
Rented, Office, Warehouse, Factory
Location:
Central Business Area, Main Road
Import %:
40%- 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
-
Saman Bank
Branch: Vanak Sq, Tehran,
Iran
Auditor: Mr. Ahmad Alizadeh
Solicitor: Mr. Nima Naeimi Khah
Subject's payments reported to be: Non- Complaint
Name/Title: Mr.
Mohammad Reaz Zomorodi
Note: The address which you provided is not a complete one.
No 55, Riahi St, South Jannatabad, Tehran
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
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Indian Rupees |
|
US Dollar |
1 |
Rs.64.96 |
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UK Pound |
1 |
Rs.99.55 |
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Euro |
1 |
Rs.71.64 |
INFORMATION DETAILS
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Analysis Done by
: |
KIN |
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Report Prepared
by : |
TRU |
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.