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Report No. : |
338316 |
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Report Date : |
05.09.2015 |
IDENTIFICATION DETAILS
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Name : |
SAYAND KISH COMPANY |
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Registered Office : |
Industrial 1st Piece,
Kish Island, Kish |
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Country : |
Iran |
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Date of Incorporation : |
25.01.2001 |
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Com. Reg. No.: |
1020 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture & importer of abrasive products such as roll,
belt, sheet , hard, disc screens, abrasive grinding wheels, air filter. |
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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 |
|
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:
Sayand Kish Company
Company Trade Name: -
Address: End of
Sanat Ave, Green tree industrial zone
Kish Island
Kish, Iran
Postal Code: -
P.O.BOX: -
Telephone:
+ 98 764 4431840, 4431842, 21
88501066
Fax: + 98 764
4431841, 21 88501067
Mobile No:
+ 98 934 7694432
Website: -
E-mail:
sayandkish@gmail.com
Current Legal Form:
Limited Liability Company
Registration Address: Industrial 1st Piece, Kish Island
Kish, Iran
Start Date: 25/01/2001
Registration Number:
1020
Registration Date:
25/01/2001
Registration Town:
Kish
National Code ID:
10861526635
Nominal Capital: 200,000,000
Share No: 200,000
Share Value: 1,000
|
Shareholder Names |
|
Mr. Reza Pazhom
40% |
|
Mrs. Shahin Behjati Ardakani 20% |
|
Mr. Shahin Pazhom 20% |
|
Mrs. Nazanin Pazhom 20% |
Name:
Mr. Reza Pazhom
Position within the company:
Chairman& Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mr. Sorina
Haghighi Anaraki
Position within the company:
Managing Director (Out of
shareholder)
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mrs. Shahin Behjati Ardakani
Position within the company:
Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak:
Farsi- English
Name:
Mr. Shahin Pazhom
Position within the company:
Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mrs. Nazanin Pazhom
Position within the company:
Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mr. Bigdeli
Position within the company:
Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Manufacture& importer of abrasive products such as roll, belt, sheet , hard, disc screens, abrasive grinding wheels, air filter.
Local Reporters consider the investigated company to be Medium
in their field of concern
-
Company Employs: 43
Operates from:
Rented, Offices, Warehouses, Factory
Location: Central Business
Area, Main Road
Branches:
1. Address: Unit 134, nezam passage, opposite the Sina hospital, Imam
Khomini St
Tehran, Iran
Premises :Rented, Office
2. Address: Unit 21, Moj Tower,
No.36, Sarafraz St, Tehran, Iran
Tel: + 98 21 88501066
Fax: + 98 21 88501067
Premises :Rented, Office
Import %:
40%- 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:
6
-
Melli Bank
Branch:-
Auditor: Mr. Asad Noori
Solicitor: Mr. Yavar Tavana
Subject's payments reported to be: Non- Complaint
Name/Title:
Mr. Sorina
Haghighi Anaraki
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 Family business
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.40 |
|
UK Pound |
1 |
Rs.101.19 |
|
Euro |
1 |
Rs.73.89 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
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Report Prepared
by : |
SMN |
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 |
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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 |
|
|
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 |
|
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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 |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
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.