Risk Level:
89% May harm your business future;

This entity is connected with designated / sanctioned entities who are helping Iranian Regime Terrorist Activities & development of WMD

Status:
High Alert – Entity affiliated with Designated / Sanctioned / Illicit entities

Info:
BFT Trading FZCO, Dubai supplied Fakoor International Tehran Engineering Company (FITCO) with goods from Oriental Rubber Industries;

They agreed that initially FITCO had placed an order for conveyor belts vide Purchase Order No. 89/34629 dated 13.11.2010 against Letter of Credit for Euro 210061/-. Goods against the FITCO order were ready for dispatch in March 2010 and they were following up with FITCO to initiate pre-shipment in spection and subsequent shipment of goods;

In April 2011, Oriental Rubber Industries Limited were approached by BFT Trading FZCO, Dubai who told that they would be opening a Letter of Credit for purchasing the goods which were earlier ordered by FITCO. BFT opened Letter of Credit through Habib Bank (No. SZR 3893 dated 05.05.2011) and the terms of Contract were FOB – Mumbai basis;

As per terms of purchase, the preshipment inspection was required to be carried out by Inspection Agency, Industrial & Engineering Inspection Co. of Iran (IEI), which was appointed by BFT. The inspection was conducted by IEI, Iran on 16.05.2011;

Industry:
Trading Company

Also Known As:
BFT Trading FZCO

Country:
United Arab Emirates

Address:
Office #237, 2nd Floor, LOB # 16, 6th Roundabout, Jebel Ali Free Zone, DubaiLandmark: Near Food Court Building

Phone:
04-8872823

Reason for the color:
» BFT Trading FZCO supplied goods to FITCO;


You May Be Interested

IFMAT Color Guide

×
We sort entities who are connected with terrorist activities, in two sections, first by risk and second by geolocation.
GeoLocation divisions are divided into two fields, Black List and Gray List.
BlackList is a list of all companies, organizations and figures who originate from Iran.
GrayList is a list of all companies, organizations and figures out of Iranian borders, and doing business with Iran.
We identify risk of entities by COLOR selection, each color marks the risk level of the entity.(by declining order)
 
TOP ALERT
Designated / Sanctioned / Illicit entities
 
HIGH ALERT
Entities affiliated with Designated / Sanctioned / Illicit entities.
 
MEDIUM ALERT
Entities sanctioned in the past for Terror or Illicit activities / WMD related / Human rights violations.
 
RISK ALERT
Entities in a problematic sector - Sector controlled by the Top Alert entities.
 
GENERAL ALERT
Legitimate entities - we cannot determine whether an entity is completely green, and that is due to the facts that the Iranian economy is not transparent enough for us. Be sure.