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Report No. : |
341769 |
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Report Date : |
22.09.2015 |
IDENTIFICATION DETAILS
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Name : |
ZARANDISHAN YAZD INDUSTRIAL AND MINING COMPANY |
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Registered Office : |
No.5, 45 - Alley Shahid Sadooghi Shomaly Blvd Yazd |
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Country : |
Iran |
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Date of Incorporation : |
07.06.2015 |
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Com. Reg. No.: |
15514 |
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Legal Form : |
Private Joint Stock Company |
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Line of Business : |
Importer of all kinds of products based on the demands of its
clients. |
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No. of Employees : |
6 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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- |
NB |
New
Business |
- |
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Status : |
New Business |
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Payment Behaviour : |
Unknown |
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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 |
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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 |
Reference No: 341769
Company Name: Zarandishan
Yazd Industrial and Mining Company
Company Trade Name: -
Address: No.5, 45 - Alley Shahid Sadooghi Shomaly Blvd
Yazd, Iran
Postal Code: 8916634574
P.O.BOX: -
Telephone: -
Fax: -
Website: -
E-mail: -
Current Legal Form: Private Joint Stock Company
Registration Address: No. 5, 45 - Alley Shahid
Sadooghi Shomaly Blvd
Yazd 8916634574, Iran
Start Date: 07/06/2015
Registration Number: 15514
Registration Date: 07/06/2015
Registration Town: Yazd
National Code ID: 14004988954
Nominal Capital: 100,000,000 Iranian Rials
Share No: 100,000
Share Value: 1,000
No Data
Name:
Mr. Ahmad Zandi
Position within the company:
Manager
Country of Birth: Iran
Nationality:
Iranian
Can fluently speak: Farsi- English
Name:
Mr. Asghar Elyasi
Position within the company:
Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Importer of all kinds of products based on the demands of its
clients.
Local Reporters consider the investigated company to be small
in their field of concern
-
Company Employs: 6
Operates from:
Rented, Office, Warehouse
Location:
Central Business Area, Main Road
Import %:
25%- 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: 1
-
Parsian Bank
Branch:-
Auditor: Mr. Yaser Mahmoudi
Solicitor: Mr. Payam Sajadi
Subject's payments reported to be: Unknown
Date:
21/09/2015
Name/Title: -
Note: the report is based on Iran Registry + Chamber of Commerce
of Iran.
Note:
We tried to find the telephone number of the company via Iran
Telecom Centre, but it is not registered there.
Local Reputation:
The company being investigated is considered by local reporters to be a
High Trade Risk and to be secured.
Owner/Shareholders Comments:
All of owners involved in the running of the business
Age of Business: New Family business
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.65.75 |
|
UK Pound |
1 |
Rs.102.17 |
|
Euro |
1 |
Rs.74.38 |
INFORMATION DETAILS
|
Analysis
Done by : |
RAS |
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|
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Report
Prepared by : |
TRU |
RATING EXPLANATIONS
|
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 |
|
|
<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.