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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

484781

Report Date :

11.01.2018

 

IDENTIFICATION DETAILS

 

Name :

ALVAN PAINT AND RESIN PRODUCTION COMPANY

 

 

Registered Office :

3rd Floor, No. 3, Lotfi St, Hafte Tir Square, Tehran

 

 

Country :

Iran

 

 

Date of Incorporation :

25.11.1981

 

 

Com. Reg. No.:

42909

 

 

Legal Form :

Cooperative Company

 

 

Line of Business :

Manufacture of industrial and construction paint and resin.

 

 

No. of Employees :

90

 

 

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 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, but growth resumed in 2014. Iran's stock market plunged between 2013 and 2015. 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. RUHANI has achieved some success, including reining in inflation and, in July of 2015, securing the promise of sanctions relief for Iran by signing the Joint Comprehensive Plan of Action (JCPOA) with the P5+1. The JCPOA, which severely limits Iran’s nuclear program in exchange for unfreezing Iranian assets and reopening Iran to international trade, should bolster foreign direct investment, increase trade, and stimulate growth.

 

Source : CIA

 

COMMENTS ON ORIGINAL INVESTIGATION DETAILS

 

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

 

Mr. Mohammad Alikhan Zadeh, Vice Chairman Confirmed it.

 

Note:

The address that you provided is branches address of this company.

 

Auditor: Mr. Yaghoub Hosseini Afjahani

Solicitor: Mr. Farhad Khaki

 

Medium Trade Risk.

 

 

COMPANY DETAILS

 

COMPANY REGISTERED NAME

Alvan Paint and Resin Production Company

HEADQUARTER ADDRESS

3rd Floor, No. 3, Lotfi St, Hafte Tir Square, Tehran

POSTAL ADDRESS

1589865714

WEBSITE / EMAIL

www.alvanpaint.com, ayda.sadeghi@alvanpaint.com, info@alvanpaint.com

TEL

+98 21 88847444

FAX

+98 21 88303389

Mobile

 

 

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

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

 

 

REGISTRATION DETAILS

 

LEGAL FORM

Cooperative Company

Source of info: Iran Registry Office

REGISTERED NAME

Alvan Paint and Resin Production Company

Source of info: Iran Registry Office

REGISTRATION NUMBER

42909

Source of info: Iran Registry Office

DATE OF REGISTRATION

25/11/1981

Source of info: Iran Registry Office

REGISTERED ADDRESS

3rd Floor, No. 3, Lotfi St, Hafte Tir Square, Tehran

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: 10100882759

Source of info: Iran Registry Office

 

 

HISTORY

 

YEAR STARTED OPERATIONS 

25/11/1981

FORMER LEGAL FORM / DATE OF CHANGE / Source of info

Private Join Stock Company

23/11/2011

Iran Registry Office

 

Public Join Stock Company

06/06/2009

Iran Registry Office

FORMER REGISTERED NAME / DATE OF CHANGE/ Source of info

-

 

Iran Registry Office

FORMER REGISTERED ADDRESS / DATE OF CHANGE/ Source of info

No. 48, Danesh St, West Danesh St, Emam Reza Ave, Mashhad 9135944693, Iran

01/11/2015

Iran Registry Office

FORMER REGISTERED ADDRESS / DATE OF CHANGE/ Source of info

3rd Floor, No. 5, Lotfi St, Hafte Tir Square, Tehran

07/01/2012

Iran Registry Office

 

 

CAPITAL

 

CURRENCY

Iranian Riyals

AUTHORISED (NOMINAL)  CAPITAL

85,460,927,000

Source of info: Iran Registry Office

ISSUED CAPITAL

85,460,927,000

Source of info: Iran Registry Office

PAID UP CAPITAL

85,460,927,000

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

53,931,212,000

05/07/2010

Source of info: Iran Registry Office

FORMER CAPITAL / DATE OF CHANGE

30,071,250,000

04/03/2009

Source of info: Iran Registry Office

FORMER CAPITAL / DATE OF CHANGE

6,000,000,000

18/04/2007

Source of info: Iran Registry Office

 

 

OWNERSHIP

 

FULL NAME (and address)

NATIONALITY

NUMBER OF SHARES HELD

% OF SHARES HELD

Mr. Reza Alikhan Zadeh

رضا علیخان زاده

(0931366941)

Iranian

 

Source of info: Iran Registry Office

 

Source of info: Chamber

Mr. Mohammad Alikhan Zadeh

محمد علیخان زاده

(0931354056)

Iranian

 

Source of info: Iran Registry Office

 

Source of info: Chamber

Mr. Mahdi Alikhan Zadeh

مهدی علیخان زاد

(0933904002)

Iranian

 

Source of info: Iran Registry Office

 

Source of info: Chamber

 

Iranian

 

Source of info: Iran Registry Office

 

Source of info: Chamber

 

Iranian

 

Source of info: Iran Registry Office

 

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. Reza Alikhan Zadeh

 (0931366941)

Iranian

Chairman

 

 

Mr. Mohammad Alikhan Zadeh

 (0931354056)

Iranian

Vice Chairman

 

 

Mr. Mahdi Alikhan Zadeh

 (0933904002)

Iranian

Managing Director

 

 

Mr. Amir Alikhan Zadeh

 (0937604526)

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 industrial and construction paint and resin.

NUMBER OF EMPLOYEES / GROUP EMPLOYEES

90

 

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, 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

Factory

BRANCHES LOCATION

4TH Bahar St, 21ST Km of Karaj Makhsoos Road, Tehran 1399153611, Iran

BRANCHES ARE OWNED/ RENTED

Owned

 

FULL NAME/COUNTRY

 

ACTIVITY

RELATIONSHIP

(Common Owners/ Common Directors)

SHAREHOLDING %

Source of info:

Super Paint Manufacturing Factories & Investment Company

 

Affiliates

 

Chamber

 

 

BANKERS

 

BANK NAME

 

BRANCH/ADDRESS/ COUNTRY

ACCOUNT NUMBER / CURRENCY

Karafarin Bank

Farmanieh Ave, Tehran, Iran

 

Pasargad Bank

Hafte Tir Square, Tehran

 

 

 

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 63.83

UK Pound

1

INR 86.28

Euro

1

INR 76.13

IRR

1

INR 0.0019

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

VAR

 

 

Report Prepared by :

TRU

 

 

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.