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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

491010

Report Date :

16.02.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

TEHRAN CHEMIE PHARMACEUTICAL COMPANY

 

 

Registered Office :

Navard St, 17th Shahrivar St, Sanaye Felezi St, 5th Km of Karaj Old Road, Tehran

 

 

Country :

Iran

 

 

Date of Incorporation :

04.10.1961

 

 

Com. Reg. No.:

7947

 

 

Legal Form :

Public Join Stock Company

 

 

Line of Business :

Manufacture of all types of medicine such as mumps, pill, dagger, syrup, suspension, cream, ointment, gel and capsule.

 

 

No. of Employees :

180

 

 

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

(30.06.2017)

Current Rating

(30.09.2017)

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: Faraz Moshaver Auditing Foundation

Solicitor: Deylami Pour & Partners Auditing Foundation

 

 

COMPANY DETAILS

 

COMPANY REGISTERED NAME

TEHRAN CHEMIE PHARMACEUTICAL COMPANY

HEADQUARTER ADDRESS

Navard St, 17th Shahrivar St, Sanaye Felezi St, 5th Km of Karaj Old Road, Tehran, Iran

POSTAL ADDRESS

1378756411

WEBSITE / EMAIL

www.tehranchemie.co, info@tehranchemie.co

TEL

+98 21 64049, 61074000

FAX

+98 21 61074055, 61074005, 43850587

Mobile

 

 

Headquarter premises are: OWNED/ RENTED/ LEASED/ SHARED  SQM

Description of Headquarter premises: OFFICES/ WAREHOUSE/ FACTORY / SHOWROOM

 

 

REGISTRATION DETAILS

 

LEGAL FORM

Public Join Stock Company

Source of info: Iran Registry Office

REGISTERED NAME

Tehran Chemie Pharmaceutical Company

Source of info: Iran Registry Office

REGISTRATION NUMBER

7947

Source of info: Iran Registry Office

DATE OF REGISTRATION

04.10.1961

Source of info: Iran Registry Office

REGISTERED ADDRESS

Navard St, 17th Shahrivar St, Sanaye Felezi St, 5th Km of Karaj Old Road, Tehran, 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: 10100348754

Source of info: Iran Registry Office

 

 

HISTORY

 

YEAR STARTED OPERATIONS 

04/10/1961

FORMER LEGAL FORM / DATE OF CHANGE / Source of info

-

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

148,500,000,000

Source of info: Iran Registry Office

ISSUED CAPITAL

148,500,000,000

Source of info: Iran Registry Office

FORMER CAPITAL / DATE OF CHANGE

13,500,000,000

08/01/2011

Source of info: Iran Registry Office

FORMER CAPITAL / DATE OF CHANGE

 

 

Source of info: Iran Registry Office

 

 

OWNERSHIP

 

FULL NAME (and address)

NATIONALITY

NUMBER OF SHARES HELD

% OF SHARES HELD

Mr. Mohsen Parnian Pour (0038181959)

Iranian

Source of info: Iran Registry Office

41.87

Source of info: Chamber

Mr. Saeed Saeedi Nejad

(0042839122)

Iranian

Source of info: Iran Registry Office

13.3

Source of info: Chamber

Mr. Ali Mehr Amizi

(0039429768)

Iranian

Source of info: Iran Registry Office

4.89

Source of info: Chamber

Mr. Abdolmajid Saeedi Nejad

Iranian

Source of info: Iran Registry Office

4.95

Source of info: Chamber

Mr. Mohammmad Parnian Pour

Iranian

Source of info: Iran Registry Office

3.4

Source of info: Chamber

Other

Iranian

Source of info: Iran Registry Office

31.59

Source of info: Chamber

 

 

PRINCIPALS

 

FULL NAME

(Address)

NATIONALITY

POSITION

Mr. Mohsen Parnian Pour

(0038181959)

Iranian

Chairman

Mr. Saeed Saeedi Nejad

(0042839122)

Iranian

Vice Chairman

Mr. Ali Mehr Amizi

(0039429768)

Iranian

Managing Director

Mr. Abdolmajid Saeedi Nejad

(0042539331)

Iranian

Manager

Mr. Mahmoudreza Saeedi Nejad

(0452437288)

Iranian

Manager

 

 

OPERATIONS / ACTIVITIES 

 

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

 

Wholesale %__100__/ Retail % _______

 

Detail explanation of activities:

 

Manufacture of all types of medicine such as mumps, pill, dagger, syrup, suspension, cream, ointment, gel and capsule

NUMBER OF EMPLOYEES / GROUP EMPLOYEES

180

 

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

Group Companies

LOCAL MARKET SHARE %

-

CURRENT CONTRACTS AND THEIR VALUE

-

 

IMPORTS %

 

EXPORTS %

 

IMPORTS FROM (countries)

China, Europe

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

 

 

 

TOTAL NUMBER OF BRANCHES

1

 BRANCHES NAME

Office

BRANCHES LOCATION

No. 12, Nikray Alley, North Tabrizi St, Mirdamad Ave, Tehran, Iran

 

 

 

FULL NAME/COUNTRY

 

RELATIONSHIP

(Common Owners/ Common Directors)

Source of info:

Baftiran Company, Iran

Affiliates

Chamber

Fidar Nasj Lian Company, Iran

Affiliates

Chamber

Motahari Textile Company , Iran

Affiliates

Chamber

Hakim Pharmaceutical Company, Iran

Affiliates

Chamber

Khanesazi Omran Shomal Company, Iran

Affiliates

Chamber

Ferdowsi Distribute Company, Iran

Affiliates

Chamber

Linter Pak Company, Iran

Affiliates

Chamber

Iran Hormoun Company, Iran

Affiliates

Chamber

Mahdis Bonyan Construction Company, Iran

Affiliates

Chamber

Samin Darou Iranian Company, Iran

Affiliates

Chamber

Darou Gostar Nokhbegan Company, Iran

Affiliates

Chamber

Afa Shimi Company, Iran

Affiliates

Chamber

Vana Darou Gostar Company, Iran

Affiliates

Chamber

Mavad Avalieh Darooyi Tehran Company, Iran

Affiliates

Chamber

 

Affiliates

Chamber

 

 

BANKERS

 

BANK NAME

 

BRANCH/ADDRESS/ COUNTRY

Maskan Bank

Mirdamad Ave, Tehran, Iran

Pasargad Bank

Karaj Old Road, Tehran, Iran

 

 

FINANCIAL INFORMATION

 

CURRENCY

Iranian Rials

FIGURES ARE INDIVIDUAL OR GROUP?

Individual

SOURCE OF INFO

TAX Office

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 63.92

UK Pound

1

INR 89.55

Euro

1

INR 79.68

IRR

1

INR 0.0019

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

PRI

 

 

Report Prepared by :

TPT

 

 

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)

 

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