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Report No. : |
337372 |
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Report Date : |
08.09.2015 |
IDENTIFICATION DETAILS
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Name : |
TARANNOM SHARGH INTERNATIONAL TRANSPORTATION COMPANY |
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Registered Office : |
No.5, 1st floor, Bozorgmehr 22, Sajjad Blvd, Mashhad |
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Country : |
Iran |
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Date of Incorporation : |
16.02.1994 |
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Com. Reg. No.: |
7786 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Subject is engaged in transportation of the goods by sea and trucks |
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No. of Employee : |
12 |
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 : |
Small Company |
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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 |
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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: TARANNOM
SHARGH INTERNATIONAL TRANSPORTATION COMPANY
Company
Trade Name:
Tarannom Shargh
Intl TPT Company
No.5,
1st floor, Bozorgmehr 22, Sajjad Blvd, Mashhad, Iran
Postal
Code: -
P.O.BOX: -
Telephone: + 98 511 7680333
Fax: + 98 511 7680333
Website: www.tarannomshargh.com
E-mail: info@tarannomshargh.com
Current
Legal Form: Limited
Liability Company
Registration
Address: No.5, 1st floor,
Bozorgmehr 22, Sajjad Blvd, Mashhad, Iran
Start
Date: 16/02/1994
Registration
Number: 7786
Registration
Date: 16/02/1994
Registration
Town: Mashhad
National
Code ID:
10380235810
Nominal
Capital: 2,000,000,000
Share
No: 2,000,000
Share
Value: 1,000
|
Shareholder
Names |
Share% |
|
Mr. Ali Saghafi |
60% |
|
Mrs. Mehrvarz Aganj |
40% |
Name: Mr.
Ali Saghafi
Position
within the company: Vice Chairman & Managing Director
Country
of Birth: Iran
Nationality: Iranian
Can
fluently speak: Farsi- English
Name: Mrs.
Mehrvarz Aganj
Position
within the company: Chairman
Country
of Birth: Iran
Nationality: Iranian
Can
fluently speak: Farsi- English
Name:
Mr. Mohammad Zare
Position
within the company: Executive
Country
of Birth: Iran
Nationality: Iranian
Can
fluently speak: Farsi- English
The
subject is involved in transportation of the goods by sea and trucks.
Local Reporters consider the investigated company to be Small in their field of concern
Company Employs: 12
Operates from: Owned, Offices, Warehouses
Location: Central Business Area, Main Road
Unit
404, 4th floor, Parto Bldg
Chahar
Rahe Blouki, Bandar Abbas, Iran
Tel:
+98 761 2238622-3
Fax:
+98 761 2238624
Janbeh
Foto Vahid, Bandar Lengeh, Iran
Tel:
+98 762 2240407-414
Import
%: 75%- Finished Goods
Import
term: Bank Transfer
Import
from: Switzerland,
Germany, Poland and Turkey, Malaysia
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:
7
Pasargad
Bank
Auditor:
Mr.
Zia Asadi
Solicitor:
Mr.
Jamshid Mohammadi
Subject's
payments reported to be: Non- Complaint
Name/Title: Mr.
Ali Saghafi –Managing Director , he confirmed it.
Note:
The
registered name of company is Tarannom Shargh International Transportation
Company.
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.66.74 |
|
|
1 |
Rs.101.36 |
|
Euro |
1 |
Rs.74.27 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
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Report Prepared
by : |
ASH |
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.