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Report No. : |
338314 |
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Report Date : |
05.09.2015 |
IDENTIFICATION DETAILS
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Name : |
KASHAN COPPER WORLD COMPANY |
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Registered Office : |
No.23, 11th St., Vozara Ave Tehran, 151375771 |
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Country : |
Iran |
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Date of Incorporation : |
24.04.2001 |
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Com. Reg. No.: |
163643 |
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Legal Form : |
Private Joint Stock Company |
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Line of Business : |
Manufacture of copper wire, tin-plated copper conductors without
coverage (at various points) and copper wire trulli, oxygen-free copper wire. |
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No. of Employees : |
80 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 |
|
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.
|
Source
: CIA |
Company Name: Kashan Copper World Company
Company Trade Name: Copper
World Kashan, Copper World Manufacture Company
Copper World Company
Address:
No.23, 11th St., Vozara Ave
Tehran, Iran
Postal Code:
151375771
P.O.BOX:
-
Telephone:
+98 21 88556475
Fax: +98 21 88556474
Website: www.copperworld.net
E-mail: info@copperworld.net
Current Legal Form:
Private Joint Stock
Company
Registration Address:
No.23, 11th
St., Vozara Ave
Tehran, Iran
Start Date: 24/04/2001
Registration Number:
163643
Registration Date:
24/04/2001
Registration Town:
Tehran
National Code ID: 10260209677
Note:
The registered name of company is Kashan Copper World Company.
Nominal Capital: 235,000,000,000
Share No: 2,350,000
Share Value: 100,000
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Shareholder Names |
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Mr. Gholam Reza Nadalizadeh 40% |
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Mr. Vahid Islamian 30% |
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Mr. Aboullghasim Nadalizadeh 15% |
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Mr. Ahmad Kashani 15% |
Name:
Mr. Gholam Reza Nadalizadeh
Position within the company: Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mr. Vahid Islamian
Position within the company:
Vice Chairman&
Managing Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mr. Aboullghasim Nadalizadeh
Position within the company:
Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mr. Ahmad Kashani
Position within the company:
Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mrs. Mona Nazmi
Position within the company:
Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak:
Farsi- English
Manufacture of copper wire, tin-plated copper conductors without
coverage (at various points) and copper wire trulli, oxygen-free copper wire.
Local Reporters consider the investigated company to be Large in their field of concern
-
Company Employs: 80
HQ Premises
Operates from:
Owned, Offices, Warehouses, Factory,
Laboratory
Location: Central Business
Area, Main Road
Branch:
West 18 St, 2nd Blvd, Ravand Ind Town, Qotb Ravandi Blvd,
Kashan, Iran
Tel: + 98 31 55535073
Premises : Owned, Factory
Import %:
40%- Finished Goods
Import term:
Bank Transfer
Import from: England, Germany, China
Export
:
Finished Goods
Export %: 30%
Export from: Middle East
Territory: 70 % Nationality, 30% Internationally
Type of Customer: Group Companies, Retailers
Terms of sales:
letters of credit
Vehicles: Total number of vehicles: 10
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Pasargad Bank
Branch:-
Auditor: Faraz Moshavir
Auditing Institute
Solicitor: Mr. Parviz Sadeghi
Subject's payments reported to be: Non- Complaint
Name/Title: Mr. Vahid Islamian
Local Reputation: The company being investigated is considered by local reporters to be a
Normal 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.66.40 |
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UK Pound |
1 |
Rs.101.19 |
|
Euro |
1 |
Rs.73.89 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
SMN |
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.