MIRA INFORM REPORT

 

 

Report No. :

338313

Report Date :

02.09.2015

 

IDENTIFICATION DETAILS

 

Name :

DANATAIF COMPANY

 

 

Registered Office :

Unit 9, No.34, Nakhoda Hemmati Alley, Sadi St, Darya Blvd, Shahrak Gharb Ave Tehran 1146693757

 

 

Country :

Iran

 

 

Date of Incorporation :

29.04.2003

 

 

Com. Reg. No.:

201870

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Importer of medical products, spectrometers, metal analyzers and other laboratory equipment.

 

 

No. of Employees :

10

 


 

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 :

Slow

 

 

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 Details

 

Company Name:                       Danataif Company

 

Company Trade Name:              DT

 

Address:                                   Unit 9, No34, Nakhoda Hemmati Alley , Farahzadi Blvd, Sanaat Sq Tehran, Iran 

                                                                                                 

 Postal Code:                            1146693757

P.O.BOX:                                 -

 

Telephone:                                +98 21 88581464, 88581465,  88561460                                

Fax:                                              +98 21 88581465, 88561460 

Mobile No:                                +98 912 2152138

 

Website:                                   www.danataif.ir

 

E-mail:                                      danataif@gmail.com

 

 

Registration & Legal Details

 

Current Legal Form:                     Limited Liability Company

Registration Address:                   Unit 9, No.34, Nakhoda Hemmati Alley, Sadi St, Darya Blvd,

                                                   Shahrak Gharb Ave

                                                   Tehran 1146693757, Iran

                                                                                                                

Start Date:                                    29/4/2003

Registration Number:                    201870

 

Registration Date:                         29/4/2003    

Registration Town:                        Tehran

 National Code ID:                        10102435997  

 

 

Capital

 

Nominal Capital:            1,200,000

Share No:                     1,200

Share Value:                 1,000

 

 

Shareholders

 

Shareholder Names

Mr. Reza Jalali                           60%

Mrs. Katayon Milani                 40%

 

 

Principals

 

Name:                                                   Mr. Reza Jalali

Position within the company:                 Chairman

Country of Birth:                                    Iran

Nationality:                                            Iranian

Can fluently speak:                                Farsi- English

 

Name:                                                  Mrs. Katayon Milani

Position within the company:                 Member& Managing Director

Country of Birth:                                    Iran

Nationality:                                            Iranian

Can fluently speak:                                Farsi- English

 

Name:                                                  Mr. Seyed Saeid Jalali

Position within the company:                 Manager

Country of Birth:                                    Iran

Nationality:                                            Iranian

Can fluently speak:                                Farsi- English

 

Name:                                                  Mrs. Sahar Tavakoli

Position within the company:                 Manager

Country of Birth:                                    Iran

Nationality:                                            Iranian

Can fluently speak:                                Farsi- English

 

 

Company Activities

 

Importer of medical products, spectrometers , metal analyzers and other laboratory equipment.

 

Branches:

Unit 3, No71, Ghaem Magham Farahani Ave Haft-E-Tir Sq. Tehran, Iran

Premised: Rented- Office

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

 

 

Operations

 

--------

 

 

Employees 

 

10

 

 

HQ Premises

 

Operates from:                 Rented, Offices, Warehouse

Location:                          Central Business Area, Main Road

 

 

Imports

 

Import %:                          35%- Finished Goods

Import term:                      Bank Transfer

Import from:                       Germany, China

 

 

Export

 

Territory:                               100 % Nationality

Type of Customer:                Group Companies, Retailers

Terms of sales:                      letters of credit

Vehicles:                                Total number of vehicles: 2

 

 

Related Companies

 

--------

 

 

Banks

 

Sepah  Bank

 

 

Financial Information

 

Auditor: Mr. Homan Jafari

Solicitor: Mr. Arash Hasani

 

 

Payments

 

Subject's payments reported to be: Non- Complaint

 

 

interview & reporter comments       

 

Name/Title:                               Mrs. Katayon Milani

 

The subject refused us completely.

 

Local Reputation: The company being investigated is considered by local reporters to be a 

High 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.66.26

UK Pound

1

Rs.101.99

Euro

1

Rs.74.79

 

 

 

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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%)

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