MIRA INFORM REPORT

 

 

Report No. :

501226

Report Date :

09.04.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

IRAN YASA TIRE AND RUBBER COMPANY

 

 

Registered Office :

Beheshti St, Khaki St, 22th Bahman Complex, Baghestan Tonwship, Shahriar, Tehran 3359761348

 

 

Country :

Iran

 

 

Date of Incorporation :

27.10.1966

 

 

Com. Reg. No.:

6590

 

 

Legal Form :

Private Join Stock Company

 

 

Line of Business :

Manufacture of types of tire and tube of motorcycles, bicycles and scooters

 

 

No. of Employees :

350

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

B

 

Credit Rating

Explanation

Rating Comments

B

Medium Risk

Business dealings permissible on a regular monitoring basis

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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

 

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

Iran

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

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 corruption, 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.

The lifting of most nuclear-related sanctions under the Joint Comprehensive Plan of Action (JCPOA) in January 2016 sparked a restoration of Iran’s oil production and revenue that drove rapid GDP growth, but economic growth declined in 2017 as oil production plateaued. The economy continues to suffer from low levels of investment and declines in productivity since before the JCPOA, and from high levels of unemployment, especially among women and college-educated Iranian youth.

In May 2017, the re-election of President Hasan RUHANI generated widespread public expectations that the economic benefits of the JCPOA would expand and reach all levels of society. RUHANI will need to implement structural reforms that strengthen the banking sector and improve Iran’s business climate to attract foreign investment and encourage the growth of the private sector. Sanctions that are not related to Iran’s nuclear program remain in effect, and these—plus fears over the possible re-imposition of nuclear-related sanctions—will continue to deter foreign investors from engaging with Iran.

 

Source : CIA

 

 

COMMENTS ON ORIGINAL INVESTIGATION DETAILS

 

INDICATE ANY CHANGES REGARDING YOUR FINDINGS AGAINS THE DETAILS GIVEN IN OUR ORDER

 

The subject refused us.

 

Auditor: Saman Pendar Auditing Foundation

 

Solicitor: Siagh Novin Jahan Auditing Foundation

 

 

COMPANY DETAILS

 

COMPANY REGISTERED NAME

Iran Yasa Tire and Rubber Company

HEADQUARTER ADDRESS

After Naser Factory, 2nd Shahriar Road, 12 KM of Old Karaj Road (Fath Highway), Tehran, Iran

POSTAL ADDRESS

3359761348

WEBSITE / EMAIL

www.iranyasa.com, info@iranyasa.com

TEL

+98 21 65607028-31

FAX

+98 21 65606835

Mobile

 

 

 

REGISTRATION DETAILS

 

LEGAL FOR7M

Private Join Stock Company

Source of info: Iran Registry Office

REGISTERED NAME

Iran Yasa Tire and Rubber Company

Source of info: Iran Registry Office

REGISTRATION NUMBER

6590

Source of info: Iran Registry Office

DATE OF REGISTRATION

27/10/1966

Source of info: Iran Registry Office

REGISTERED ADDRESS

Beheshti St, Khaki St, 22th Bahman Complex, Baghestan Tonwship, Shahriar, Tehran 3359761348, Iran

Source of info: Iran Registry Office

CHAMBER OF COMMERCE REG. NUMBER

-

Source of info: Iran Registry Office

TAX REGISTRATION NUMBER

-

Source of info: Iran Registry Office

ANY OTHER REGISTRATION INFO

National Number: 10100440525

Source of info: Iran Registry Office

 

 

HISTORY

 

YEAR STARTED OPERATIONS 

27/10/1966

FORMER LEGAL FORM / DATE OF CHANGE / Source of info

-

 

Iran Registry Office

FORMER REGISTRATION NUMBER / DATE OF CHANGE / Source of info

11051

15/02/2018

Iran Registry Office

FORMER REGISTERED NAME / DATE OF CHANGE/ Source of info

-

 

Iran Registry Office

FORMER REGISTERED ADDRESS / DATE OF CHANGE/ Source of info

-

 

Iran Registry Office

 

 

CAPITAL

 

CURRENCY

Iranian Riyals

AUTHORISED (NOMINAL)  CAPITAL

600,000,000,000

Source of info: Iran Registry Office

ISSUED CAPITAL

600,000,000,000

Source of info: Iran Registry Office

PAID UP CAPITAL

600,000,000,000

Source of info: Iran Registry Office

PARTNERSHIP CAPITAL

 

Source of info: Iran Registry Office

START UP CAPITAL

 

Source of info: Iran Registry Office

FORMER CAPITAL / DATE OF CHANGE

400,000,000,000

23/06/2016

Source of info: Iran Registry Office

FORMER CAPITAL / DATE OF CHANGE

80,000,000,000

05/03/2016

Source of info: Iran Registry Office

FORMER CAPITAL / DATE OF CHANGE

60,000,000,000

17/06/2014

Source of info: Iran Registry Office

FORMER CAPITAL / DATE OF CHANGE

40,000,000,000

15/05/2012

Source of info: Iran Registry Office

FORMER CAPITAL / DATE OF CHANGE

20,000,000,000

11/01/2010

Source of info: Iran Registry Office

 

 

OWNERSHIP

 

FULL NAME (and address)

NATIONALITY

NUMBER OF SHARES HELD

% OF SHARES HELD

Civil Pension Found Company

(14002720542)

Iranian

 

Source of info: Iran Registry Office

35

Source of info: Chamber

Amir Kabir Freeway Company

 (10101245240)

Iranian

 

Source of info: Iran Registry Office

10

Source of info: Chamber

Tamin Petrochemical, Gas and Oil Investment Compan

(10420205695)

Iranian

 

Source of info: Iran Registry Office

10

Source of info: Chamber

Civil Pension Found Commercial Company

(10861519331)

Iranian

 

Source of info: Iran Registry Office

20

Source of info: Chamber

Civil Pension Found Investment Company

 (10101154437)

Iranian

 

Source of info: Iran Registry Office

15

Source of info: Chamber

Others

Iranian

 

Source of info: Iran Registry Office

10

Source of info: Chamber

 

 

PRINCIPALS

 

FULL NAME

(Address)

NATIONALITY

POSITION

RELATION WITH OTHER COMPANIES (pls state company name and type of relation)

WORK EXPERIENCE / QUALIFICATIONS

Mr. Seyed Hamid Adabi

(0042639581)

Iranian

Chairman

Civil Pension Found Company (14002720542)

 

Mr. Jafar Ali Norouzi

(1287767885)

Iranian

Vice Chairman & Managing Director

Amir Kabir Freeway Company

(10101245240)

 

Mr. Shahpour Eydivandi

(5559369284)

Iranian

Member

Tamin Petrochemical, Gas and Oil Investment Company

(10420205695)

 

Mr. Saadat Bahrami

 (1129026426)

Iranian

Member

Civil Pension Found Commercial Company

(10861519331)

 

Mr. Ataollah Maroufkhani

(4410137050)

Iranian

Member

Civil Pension Found Investment Company

(10101154437)

 

 

 

OPERATIONS / ACTIVITIES 

 

LINE OF BUSINESS (ie: manufacture, retail, wholesale, type of products or services etc)

 

Wholesale %__100__/ Retail % _______

 

Detail explanation of activities:

 

Manufacture of types of tire and tube of motorcycles, bicycles and scooters.

NUMBER OF EMPLOYEES / GROUP EMPLOYEES

350

 

TYPE OF CLIENTS (government, group companies, general public, etc)

Group Companies

NUMBER OF CLIENTS

 

NAME OF MAJOR CLIENTS

 

LOCAL MARKET SHARE %

-

CURRENT CONTRACTS AND THEIR VALUE

-

NUMBER OF OWNED VEHICLES

 

 

IMPORTS %

 

EXPORTS %

 

IMPORTS FROM (countries)

China

EXPORTS TO (countries)

 

IMPORTS TERMS OF PAYMENT (ie: CAD/ LC/ Open accounts) and DAYS OF CREDIT

Bank Transfer

EXPORTS  TERMS OF PAYMENT (ie: CAD/ LC/ Open accounts) and DAYS OF CREDIT

 

 

 

FULL NAME/COUNTRY

 

ACTIVITY

RELATIONSHIP

(Common Owners/ Common Directors)

SHAREHOLDING %

Source of info:

Stil Azin Iranian Company

 

Affiliates

 

Chamber

Tejarat Khavarmianeh Investment Company

 

Affiliates

 

Chamber

Tejarat Setareh Iran Services Manufacturing Company

 

Affiliates

 

Chamber

Persi Gaz Iran Company

 

Affiliates

 

Chamber

 

 

BANKERS

 

BANK NAME

 

BRANCH/ADDRESS/ COUNTRY

ACCOUNT NUMBER / CURRENCY

Saderat Bank

Saadat Abad Ave, Tehran, Iran

 

 

 

FINANCIAL INFORMATION

 

CURRENCY

Iranian Rials

FIGURES ARE INDIVIDUAL OR GROUP?

Individual

IF FIGURES ARE FOR GROUP PLEASE STATE WHICH COMPANIES ARE CONSOLIDATED

 

SOURCE OF INFO

TAX Office

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 64.99

UK Pound

1

INR 90.96

Euro

1

INR 79.51

IRR

1

INR 0.0019 

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

NIY

 

 

Report Prepared by :

SYL

                                                


 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

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 are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.