|
|
|
MIRA INFORM REPORT
|
Report No. : |
484782 |
|
Report Date : |
11.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
PALAYESH PARAFFIN
KHAVARAN COMPANY |
|
|
|
|
Registered Office : |
Unit 3, No. 251 (Old 269), Before Modarres Bridge, Shahid Beheshti
Ave, Tehran |
|
|
|
|
Country : |
Iran |
|
|
|
|
Date of Incorporation : |
10.08.2008 |
|
|
|
|
Com. Reg. No.: |
330975 |
|
|
|
|
Legal Form : |
Private Join Stock Company |
|
|
|
|
Line of Business : |
Manufacture of Paraffin, Volck Oil, Cutting Oil
and Max Emulsion. |
|
|
|
|
No. of Employees : |
50 |
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 |
|
The subject refused us. Auditor: Mr. Alireza Mozayani Solicitor: Mr. Mersan Balali Vashmeh Saraie |
COMPANY
DETAILS
|
|
COMPANY REGISTERED NAME |
PALAYESH PARAFFIN KHAVARAN
COMPANY |
|
TRADE NAME |
شرکت
پالایش
پارافین
خاوران |
|
HEADQUARTER ADDRESS |
Unit 3, No. 251 (Old 269), Before Modarres Bridge, Shahid Beheshti
Ave, Tehran, Iran |
|
POSTAL ADDRESS |
1531616311 |
|
WEBSITE / EMAIL |
www.khavaranparaffin.com,
info@khavaranparaffin.com |
|
TEL |
+98 21 88500596-9 |
|
FAX |
+98 21 88500600 |
|
Mobile |
+98 910 1450130 |
Headquarter premises are: OWNED/ RENTED/ LEASED/ SHARED SQM
Description of Headquarter premises: OFFICES/ WAREHOUSE/ FACTORY
/ SHOWROOM
REGISTRATION
DETAILS
|
|
LEGAL FORM |
Private Join Stock Company |
Source of info: Iran Registry Office |
|
REGISTERED NAME |
Palayesh Paraffin
Khavaran Company |
Source of info: Iran Registry Office |
|
REGISTRATION NUMBER |
330975 |
Source of info: Iran Registry Office |
|
DATE OF REGISTRATION |
10/08/2008 |
Source of info: Iran Registry Office |
|
REGISTERED ADDRESS |
Unit 3, No. 251 (Old 269), Before Modarres Bridge, Shahid Beheshti
Ave, 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: 10103679623 |
Source of info: Iran Registry Office |
HISTORY
|
|
YEAR STARTED OPERATIONS |
10/08/2008 |
||
|
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 |
50,000,000,000 |
Source of info: Iran Registry Office |
|
|
ISSUED CAPITAL |
50,000,000,000 |
Source of info: Iran Registry Office |
|
|
PAID UP CAPITAL |
50,000,000,000 |
Source of info: Iran Registry Office |
|
|
PARTNERSHIP CAPITAL |
|
Source of info: Iran Registry Office |
|
|
START UP CAPITAL |
50,000,000 |
Source of info: Iran Registry Office |
|
|
FORMER CAPITAL / DATE OF CHANGE |
10,000,000,000 |
26/02/2015 |
Source of info: Iran Registry Office |
|
FORMER CAPITAL / DATE OF CHANGE |
2,000,000,000 |
02/08/2014 |
Source of info: Iran Registry Office |
|
FORMER CAPITAL / DATE OF CHANGE |
50,000,000 |
14/08/2012 |
Source of info: Iran Registry Office |
OWNERSHIP
|
|
FULL NAME (and
address) |
NATIONALITY |
NUMBER OF SHARES
HELD |
% OF SHARES HELD |
||
|
Mr. Heydar Zolfaghari (2371780316) |
Iranian |
|
Source of info: Iran Registry Office |
|
Source of info: Chamber |
|
Mrs. Roghayeh Amohammadlari (0035403500) |
Iranian |
|
Source of info: Iran Registry Office |
|
Source of info: Chamber |
|
Mrs. Haleh Zolfaghari (0079655785) |
Iranian |
|
Source of info: Iran Registry Office |
|
Source of info: Chamber |
|
Mr. Behnam Zolfaghari (0079258131) |
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 |
|
Mr. Heydar Zolfaghari (2371780316) |
Iranian |
Managing Director |
|
Mrs. Roghayeh Amohammadlari (0035403500) |
Iranian |
Chairman |
|
Mrs. Haleh Zolfaghari (0079655785) |
Iranian |
Vice Chairman |
|
Mr. Behnam Zolfaghari (0079258131) |
Iranian |
Member |
OPERATIONS
/ ACTIVITIES
|
|
LINE OF BUSINESS (ie: manufacture, retail, wholesale, type of products
or services etc) |
Wholesale %__100__/ Retail % ____ Detail explanation of activities: Manufacture of paraffin, volck oil, cutting oil and
max emulsion. |
|
|
NUMBER OF EMPLOYEES / GROUP EMPLOYEES |
50 |
|
|
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 |
|
|
TOTAL NUMBER OF BRANCHES |
1 |
|
BRANCHES NAME |
Factory |
|
BRANCHES LOCATION |
No. 1941, 1/7 St, Ferdosi Blvd, Saadi Blvd, Ebne Sina Blvd, Abbas Abad
Industrial Zone, Tehran, Iran (+98 21 36429841-4) |
|
BRANCHES ARE OWNED/ RENTED |
Owned |
|
FULL
NAME/COUNTRY |
ACTIVITY |
RELATIONSHIP (Common Owners/
Common Directors) |
SHAREHOLDING % |
Source of info: |
|
Khavar Shimi Company |
|
Affiliates |
|
Chamber |
BANKERS
|
|
BANK NAME |
BRANCH/ADDRESS/
COUNTRY |
|
Mellat Bank |
Dr. Hesabi 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 63.83 |
|
|
1 |
INR 86.28 |
|
Euro |
1 |
INR 76.14 |
|
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 : |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.