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Report No. : |
342109 |
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Report Date : |
26.09.2015 |
IDENTIFICATION DETAILS
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Name : |
DANESH GOSTAR BAMDAD COMPANY |
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Registered Office : |
Unit 217, 2nd Floor, Padideh Building,
No.47, Next to 11th Alley, Shahid Javad Sarafraz Street, Shahid Beheshti Ave, Tehran 1587696454, |
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Country : |
Iran |
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Date of Incorporation : |
03.02.2010 |
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Com. Reg. No.: |
367434 |
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Legal Form : |
Private Joint Stock Company |
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Line of Business : |
Importer & consulting, design, supply, installation of mining equipment, such as motors,
transformers , automation, converters, mine lighting, lamps on helmets, electrical
heat -tracing system& explosion-proof equipment and instrumentation and temperature
-monitoring, ex paging system, ex local control station, cctv, electrical
heat tracing. |
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No. of Employee : |
30 |
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 |
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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: DANESH GOSTAR BAMDAD COMPANY
Company Trade Name: Gostar Bamdad Company, DGB, Danesh Gostar Bamdad Group
Address:
Unit 217, 2nd Floor, Padideh Building, No.47, Next to
11th Alley,
Shahid Javad Sarafraz Street,
Shahid Beheshti Ave,
Tehran, Iran
Postal Code: 1587696454
P.O.BOX:
-
Telephone: +98
21 88547354, 912 51871490
Fax: +98
21 88533808
Website:
www.dgb-co.com
E-mail: info@dgb-co.com
Current Legal Form:
Private
Joint Stock Company
Registration Address:
Unit 217, 2nd Floor,
Padideh Building, No.47, Next to
11th Alley, Shahid Javad Sarafraz Street, Shahid Beheshti Ave,
Tehran 1587696454, Iran
Start Date: 03/02/2010
Registration Number:
367434
Registration Date:
03/02/2010
Registration Town:
Tehran
National Code ID: 10320171491
Nominal Capital: 16,000,000,000
Share No: 5,000,000
Share Value: 3,200
|
Shareholder
Names |
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Mr. Mohammad Ali Haji Abadi
Esfahani 40% |
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Mr. Farzad Farouz Bakhsh 20% |
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Mr. Amir Hossein Ali Akbar Tabrizi 40% |
Name: Mr. Mohammad Ali Haji Abadi Esfahani
Position within the company: Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mr. Farzad Farouz Bakhsh
Position within the company: Vice
Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mr. Amir Hossein Ali Akbar
Tabrizi
Position within the company:
Member& Managing Director
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi-
English
Name:
Mr. Ali Moradi
Position within the company:
Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Importer & consulting, design, supply, installation of mining equipment, such as motors,
transformers , automation, converters, mine lighting, lamps on helmets, electrical
heat -tracing system& explosion-proof equipment and instrumentation and temperature
-monitoring, ex paging system, ex local control station, cctv, electrical heat
tracing.
Local Reporters consider the investigated company to be
Medium in their field of concern
-
Company Employs: 30
Operates from:
Rented, Office, Warehouse, Workshop
Location: Central Business
Area, Main Road
Import %: 55%- Finished Goods
Import term:
Bank Transfer
Import from:
Germany, 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: 8
Germany
Saman Bank
Branch:-
Auditor: Mr. Hamid Kashi Darchih
Solicitor: Mrs. Samira Kashi Darchih
Subject's payments reported to be: Non- Complaint
Name/Title: Mr. Amir
Hossein Ali Akbar Tabrizi- he confirmed
it.
Note:
The subject has sale agencies:
LISTEC, BARTEC
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 business
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.10 |
|
|
1 |
Rs.100.89 |
|
Euro |
1 |
Rs.73.96 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
SDA |
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 |
|
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 |
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-- |
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.