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MIRA INFORM REPORT
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Report No. : |
511337 |
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Report Date : |
29.05.2018 |
IDENTIFICATION DETAILS
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Name : |
KOOSHKAN TRANSFORMERS COMPANY |
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Registered Office : |
No. 15, Erfan St, Mirzaye Shirazi St,
Phase 1, 1st Industrial Zone, Zanjan |
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Country : |
Iran |
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Date of Incorporation : |
22.09.2002 |
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Com. Reg. No.: |
4620 |
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Legal Form : |
Public Join Stock Company |
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Line of Business : |
Manufacture of Distribution transformers with high
efficiency. |
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No. of Employees : |
600 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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Iran |
B1 |
B1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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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.
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Source
: CIA |
COMMENTS
ON ORIGINAL INVESTIGATION DETAILS
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INDICATE ANY CHANGES REGARDING YOUR FINDINGS AGAINS THE DETAILS
GIVEN IN OUR ORDER |
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The subject refused us. Auditor: Behrad Moshar Auditing Foundation Solicitor: Saman Pendar Managing Services Auditing Foundation |
COMPANY
DETAILS
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COMPANY REGISTERED NAME |
Kooshkan Transformers Company |
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HEADQUARTER ADDRESS |
Ground Floor, No. 235, No. 1 Sohrevardi St, Eshragh Industrial
Zone, Zanjan, Iran |
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POSTAL ADDRESS |
4533153378 |
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WEBSITE / EMAIL |
www.kooshkan.ir,
info@kooshkan.ir |
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TEL |
+98 24 32221402, 32221400, 32221423 |
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FAX |
+98 24 32221404, 32221401, 32221106 |
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Mobile |
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Headquarter premises are: OWNED/ RENTED/ LEASED/ SHARED 240, 10000 SQM
Description of Headquarter premises: OFFICES/ WAREHOUSE/
FACTORY / SHOWROOM
REGISTRATION
DETAILS
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LEGAL FORM |
Public Join Stock Company |
Source of info: Iran Registry Office |
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REGISTERED NAME |
Kooshkan Transformers Company |
Source of info: Iran Registry Office |
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REGISTRATION NUMBER |
4620 |
Source of info: Iran Registry Office |
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DATE OF REGISTRATION |
22/09/2002 |
Source of info: Iran Registry Office |
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REGISTERED ADDRESS |
No. 15, Erfan St, Mirzaye Shirazi St, Phase
1, 1st Industrial Zone, Zanjan, Iran |
Source of info: Iran Registry Office |
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CHAMBER OF COMMERCE REG. NUMBER |
- |
Source of info: Iran Registry Office |
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TAX REGISTRATION NUMBER |
- |
Source of info: Iran Registry Office |
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ANY OTHER REGISTRATION INFO |
National Number: 10460078760 |
Source of info: Iran Registry Office |
HISTORY
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YEAR STARTED OPERATIONS |
31/05/2002 |
CAPITAL
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CURRENCY |
Iranian Riyals |
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AUTHORISED (NOMINAL)
CAPITAL |
480,000,000,000 |
Source of info: Iran Registry Office |
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ISSUED CAPITAL |
480,000,000,000 |
Source of info: Iran Registry Office |
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PARTNERSHIP CAPITAL |
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Source of info: Iran Registry Office |
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START UP CAPITAL |
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Source of info: Iran Registry Office |
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FORMER CAPITAL / DATE OF CHANGE |
234,000,000,000 |
30/07/2015 |
Source of info: Iran Registry Office |
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FORMER CAPITAL / DATE OF CHANGE |
180,000,000,000 |
12/11/2012 |
Source of info: Iran Registry Office |
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FORMER CAPITAL / DATE OF CHANGE |
156,000,000,000 |
24/05/2009 |
Source of info: Iran Registry Office |
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FORMER CAPITAL / DATE OF CHANGE |
120,000,000,000 |
01/06/2008 |
Source of info: Iran Registry Office |
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FORMER CAPITAL / DATE OF CHANGE |
60,000,000,000 |
28/04/2007 |
Source of info: Iran Registry Office |
OWNERSHIP
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FULL NAME (and address) |
NATIONALITY |
NUMBER OF SHARES HELD |
% OF SHARES HELD |
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Iran Trasnfo Company (10100433825) |
Iranian |
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Source of info: Iran Registry Office |
95% |
Source of info: Chamber |
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Mr. Ali Mohammad Ranjbar (4132019012) |
Iranian |
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Source of info: Iran Registry Office |
1% |
Source of info: Chamber |
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Mr. Masoud Salesi (0452050650) |
Iranian |
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Source of info: Iran Registry Office |
1% |
Source of info: Chamber |
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Mr. Seyed Javad Seyedi Kanjani (0045385718) |
Iranian |
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Source of info: Iran Registry Office |
1% |
Source of info: Chamber |
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Transformer Tozie Zangan Company (10460096368) |
Iranian |
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Source of info: Iran Registry Office |
1% |
Source of info: Chamber |
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Others |
Iranian |
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Source of info: Iran Registry Office |
1% |
Source of info: Chamber |
PRINCIPALS
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FULL NAME (Address) |
NATIONALITY |
POSITION |
RELATION WITH OTHER COMPANIES (pls state company name and type
of relation) |
WORK EXPERIENCE / QUALIFICATIONS |
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Mr. Yaghoub Karegar Zadeh (3781140970) |
Iranian |
Chairman |
Iran Trasnfo Company شرکت
ایران
ترانسفو (10100433825) |
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Mr. Ali Mohammad Ranjbar (4132019012) |
Iranian |
Vice Chairman |
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Mr. Masoud Salesi (0452050650) |
Iranian |
Managing Director |
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Mr. Seyed Javad Seyedi Kanjani (0045385718) |
Iranian |
Member |
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Mr. Azizollah Ali Mohammad (0492926761) |
Iranian |
Member |
Transformer Tozie Zangan Company شرکت
ترانسفورماتور
توزیع زنگان (10460096368) |
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Mrs. Parvin Pashaie Rad (0532084179) |
Iranian |
Manager |
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OPERATIONS
/ ACTIVITIES
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LINE OF BUSINESS (ie: manufacture, retail, wholesale, type of
products or services etc) |
Wholesale %__100__/ Retail % _______ Detail explanation of activities: Manufacture of Distribution transformers with high efficiency. |
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NUMBER OF EMPLOYEES / GROUP EMPLOYEES |
600 |
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TYPE OF CLIENTS (government, group companies, general public,
etc) |
Group Companies |
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NUMBER OF CLIENTS |
85 |
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NAME OF MAJOR CLIENTS |
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LOCAL MARKET SHARE % |
- |
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CURRENT CONTRACTS AND THEIR VALUE |
- |
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NUMBER OF OWNED VEHICLES |
30 |
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IMPORTS % |
40 |
EXPORTS % |
2 |
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IMPORTS FROM (countries) |
UK, South Korea |
EXPORTS TO (countries) |
Afghanistan |
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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 |
Bank Transfer |
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TOTAL NUMBER OF BRANCHES |
2 |
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BRANCHES NAME |
Factory , Warehouse |
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BRANCHES LOCATION |
North Dey Ave, Shahrak Sanatiy Aliabad, Zanjan, Iran Tel: +98 24 32221100-5 Fax: +98 24 32221100-6 Sohrevardi St, No.1 Industrial City, Zanjan 45331446-49, Iran |
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BRANCHES ARE OWNED/ RENTED |
Owned |
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FULL NAME/COUNTRY |
ACTIVITY |
RELATIONSHIP (Common Owners/ Common Directors) |
SHAREHOLDING % |
Source of info: |
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Iran Transfo Company, Iran |
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Affiliates |
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Chamber |
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Banian Zanjan Investment Company, Iran |
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Affiliates |
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Chamber |
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Pouya Nirooye Zangan Company, Iran |
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Affiliates |
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Chamber |
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Madan Jouyan Taban Iranian Company, Iran |
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Affiliates |
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Chamber |
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Daryaban Goharan Mineral Company, Iran |
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Affiliates |
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Chamber |
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Taban Kavir Energy & Power Development Company, Iran |
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Affiliates |
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Chamber |
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Mavad Madani Kimia Sanat Iranian Company, Iran |
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Affiliates |
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Chamber |
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Mes Felez Rangin Company, Iran |
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Affiliates |
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Chamber |
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Cheshmeh Sar Saba Mineral Water Company, Iran |
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Affiliates |
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Chamber |
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Sadr Jahan Mines Development Company, Iran |
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Affiliates |
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Chamber |
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Sepahan Fanavar Madan Company, Iran |
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Affiliates |
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Chamber |
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Vision Maaden Takab Company, Iran |
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Affiliates |
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Chamber |
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Asia Bision Sadr Jahan International Company, Iran |
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Affiliates |
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Chamber |
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Paknam Company, Iran |
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Affiliates |
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Chamber |
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Pakhsh Faragir Company, Iran |
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Affiliates |
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Chamber |
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Parand Pishtaz Packaging Industries Company, Iran |
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Affiliates |
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Chamber |
BANKERS
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BANK NAME |
BRANCH/ADDRESS/ COUNTRY |
ACCOUNT NUMBER / CURRENCY |
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Shahr Bank |
Central Branch, Zanjan, Iran |
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Saman Bank |
Eshragh Industrial Zone, Zanjan, Iran |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 67.44 |
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1 |
INR 89.89 |
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Euro |
1 |
INR 79.00 |
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IRR |
1 |
INR 0.0016 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
NIY |
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Report Prepared
by : |
TRU |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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.