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Report No. : |
340384 |
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Report Date : |
19.09.2015 |
IDENTIFICATION DETAILS
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Name : |
ESFAHAN MOBARAKEH STEEL COMPANY
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Registered Office : |
Saadat Abad St, Azadi Sq, 15th KM South West of Mobarakeh, Isfahan |
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Country : |
Iran |
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Financials (as on) : |
30.06.2015 (Not Audited) |
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Date of Incorporation : |
05.06.1991 |
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Com. Reg. No.: |
7841 |
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Legal Form : |
Private Joint Stock Company |
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Line of Business : |
Manufacturer of flat steels raging, iron and steel ingots and billets,
hot rolled iron and steel strip, billets, steel plates and cold rolled. |
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No. of Employee : |
850 |
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 : |
Slow but correct |
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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) |
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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 informalMARKET 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: ESFAHAN
MOBARAKEH STEEL COMPANY
Company Trade Name: MOBARAKEH STEEL COMPANY, MOBARAKEH STEEL
COMPLEX, MSC
Address: Saadat Abad St, Azadi Sq, 15th KM South West of
Mobarakeh, Isfahan
Isfahan
8168645497 POBox: 84815161
Iran
Telephone:
+98 311 3325325 , 335 5433501,
335 5433333, 5273817
Fax: +98 311 3324324 , 3327328 , 3329988
Website: www.msc.ir
E-mail: info@mobarakeh-steel.ir
Current Legal Form:
Public
Joint Stock Company
Registration
Address: Saadat Abad St, Azadi
Sq, 15th KM South West of Mobarakeh, Isfahan
Isfahan 8168645497 POBox: 84815161
Iran
Start Date: 05/06/1991
Registration Number:
7841
Registration Date:
05/06/1991
Registration Town:
Esfahan
National Code ID:
10260289464
Note:
Former Legal Form: Private
Joint Stock Company
Date of change:
10/05/2004
Note:
The registered name of company is Esfahan Mobarakeh Steel Company.
Currency: Iranian Rials
Nominal capital:
50,000,000,000,000
|
Number of Shares: 50,000,000,000 |
Type of Shares: |
|
Issued Shares: |
Value per share: 1,000 |
|
Sadr Tamin Investment Company |
|
|
Iran Mining Industries and Sources Development Organization |
|
|
Andisheh Mehvaran Investment Company |
|
|
Kerman Investment Company |
|
|
Yazd Investment Company |
|
|
Local Investments |
|
Name:
Mr. Mehdi Karbasian
Position within the company: Chairman
Country of Birth:
Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Bahram Sobhani
Position within the company: Vice Chairman &
Managing Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak:
Farsi- English
Name: Mr. Gholamhussein
Taghi Nataj
Position within the company: Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak:
Farsi- English
Name: Mr. Mohammadreza Ayat Elahi
Position within the company: Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak:
Farsi- English
National Code ID:
1284629074
Name: Mr.
Hamidreza Azimiyan
Position within the company: Purchasing Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak:
Farsi-
English
Name: Mr.
Amir Hossein Naderi
Position within the company: Admin
Economic and Financial
Country of Birth:
Iran
Nationality: Iranian
Can fluently speak:
Farsi-
English
Name: Mr.
Hamid Mardani
Position within the company: Finance Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak:
Farsi-
English
Name: Mr. Safar Ali Barati
Position within the company: Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak:
Farsi- English
Name: Mr. Mostafa Feiroz Bakht
Position within the company: Administrator
Country of Birth: Iran
Nationality: Iranian
Can fluently speak:
Farsi- English
Name: Mr.
Mansour Nosouhi
Position within the company: IT Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak:
Farsi-
English
Name: Mr.
Mohammad Torabian
Position within the company: HR
Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak:
Farsi-
English
Name: Mr.
Amir Hosein Naderi
Position within the company: Finance Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak:
Farsi-
English
Name: Mr. Masoud Talebian
Position within the company: Export Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak:
Farsi-
English
Name: Mr. Bahman Masoodi
Position within the company: Design
& Development Officer
Country of Birth: Iran
Nationality: Iranian
Can fluently speak:
Farsi-
English
Name: Mr. Houshang Omrani
Position within the company: Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak:
Farsi-
English
Name: Mr. Gholam Hossein Taghi Nattaj
Position within the company: Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak:
Farsi-
English
Name: Mr. Mahmood Akbari
Position within the company: Marketing Officer
Country of Birth:
Iran
Nationality: Iranian
Can fluently speak:
Farsi-
English
Name: Mr. Alireza Sanei
Position within the company: Public Relations Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak:
Farsi-
English
Name: Mr. Farzad Arzani
Position within the company: Technology
Officer
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi-
English
Manufacturer of flat steels
raging, iron and steel ingots and billets, hot rolled iron and steel strip,
billets, steel plates and cold rolled.
Branches:
Saadat Abad St, Azadi Sq, 15th KM South West of Mobarakeh, Isfahan
Isfahan 11131-84881
Iran
Premised: Owned- Factory
Tel: + 98 311 3326573
Fax: + 98 311 2223784
11th St 28, Khaled Eslamboli Ave
Tehran, Iran
Premised: Owned- Office
15KM Southwest of Mobarakeh POBOX 167
Esfahan, Iran
Premised: Owned- Office
Saadat Abad St, Azadi Sq
Esfahan 8167645497, Iran
Premised: Owned- Office
Saadat Abad St, Azadi Sq, 75 KM Southwest Esfahan
Esfahan 8168645497, Iran
Premised: Owned- Office
Local Reporters consider the investigated company to be Large
in their field of concern.
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Company Employs:
850
Operates from: Owned, Offices, Warehouses, Workshops, Laboratories, Factory
Location:
Central Business Area, Main
Road
Imports : Raw Materials
Import%: 30
%
Import from: Europe, Far East, Germany
Import terms: letters of credit
Additional: Balance of 80 % purchased via local market
Export To: France , Italy, Qatar, UAE
Exporting Terms: Bank Transfer
Export% and type product:
30 % Finished Goods
Territory: 70 %
Nationality , 30% Internationally
Type of Customer: Group Companies, General Public
Terms of sales: letters of credit
Vehicles:
Total number of vehicles: 33
Subsidaries:
IRISA -Mobarakeh Engineering Company
Hormozgan Steel Company(HOSCO)
Sani Kaveh Company
Tara Steel Company
Foolad Sang Company
Sepahan Sport Club
TAMCO
Tuka Cement Company
Atiyeh Foolad Company
Metil Steel Company
Felez Tadarok Company
Sangan Iron & Steel Company
Esfahan Mobarakeh Steel Taavoni Masraf Karkonan Company
Esfahan Mobarakeh Steel Taavoni Maskan Karkonan Company
Name: Esfahan Steel Company. (Affiliated )
Bank Tejarat
Please find the attachment.
Auditors:
Iran Auditing Corporate
Slow but correct
Name/Title: Mr. Bahram
Sobhani - Director , he confirmed it.
Note:
Trade name of the subject is Mobarakeh Steel Company, Mobarakeh
Steel Complex.
Note:
The subject has cities Service centers in Tabriz, Esfahan, Karaj,
Boshehr, Tehran, Ahwaz,
1. Foolad
Gostar Yazd Company
No.2, 57 Alley, Motahari St
Yazd, Iran
Mr. Aboshamseya
Tel: + 98 351 5231601 -4, 88067616-18
Fax: + 98 351 5231604
Mobile No: + 98 0913 1510222
2. Sanat
Feliz Fars Company
Corner of Gas Station, Amir Kabir Blvd
Shiraz, Iran
Mr. Dehghan
Tel: + 98 711 8421783 – 6
Fax: + 98 711 8423795
Mobile No: + 98 917 1177223
3. Pars
Foulad Mobin Company
Corner of 12th St, Tarh Toseih
Bolvar Azadi, Baharistan Blvd, Shams Abad
Industrial Town
Tehran, Iran
Mr. Shafei
Tel: + 98 21 56229101-3
Fax: + 98 21 56229105
Mobile No: + 98 912 1332318
Note:
Shares
Esfahan
Mobarakeh Steel Company
Tel: + 98 335 543-3935
Fax: + 98 335 543-3922, 311 6682843
e-mail: saham@msc.ir
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
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Indian Rupees |
|
US Dollar |
1 |
Rs.65.92 |
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|
1 |
Rs.102.75 |
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Euro |
1 |
Rs.75.13 |
INFORMATION DETAILS
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Analysis Done by
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KIN |
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Report Prepared
by : |
ANK |
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.