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IDEA Institute

Idea Marketing Research institute

IDEA company, commercially known as “IDEA marketing research institute” has started its activity since 2015. In the beginning, all the activities of the company were limited to prosecuting marketing research projects on domestic generative and industrial plants, however, after the admirable determination and hard work done by Dr.Bazazzadeh, the founder and manager of the company, The company has succeeded to expand its service borders internationally, establishing its first office in Iraq in 2017, the second office in Uzbekistan in 2020, and most recently in Ivory Coast in 2021.

Simplifying the process of exporting goods from Iran to other countries has been the main concentration of “Idea marketing research institute” in the past recent years. Playing the role of the representative of the foreign costumers, We offer a wide variety of services to them. What makes our services more impressive is that we purchase Iranian productions directly! More clearly, Firstly, the foreign costumers inform us about their order, then we IDEA company would start to look for the demanded goods for the best price in Iran on behalf of them. After finding the demanded productions, we will provide services below:

  • Initially Planning a “plant visiting and monitoring” trip to Iran for the foreign customers
  • Evaluating the rank of the supplier company compared with other producers in market
  • Verifying all certifications provided by the producer company in governmental organizations
  • Evaluating the quality of the goods produced by the Iranian plant in valid national and international laboratories located in Iran
  • Negotiating with the producer company on behalf of the customer in the shortest period of time possible
  • Monitoring selling process on behalf of the customer
  • Prosecuting researching activities in order to find better suppliers if required
  • Prosecuting all required paperwork and monitoring activities that a foreign customer would deliver to an Iranian representative company to be followed up, without any further concerns

Having a strong researching network all over Iran makes IDEA marketing research institute able to pursue a wide range of marketing research projects and …help foreign customers find their desired producers and manufacturers with the lowest price possible. The considerable point is, we are not a dealer (broker) company! Meaning that we are not supposed to just connect two parties of the contract, rather, we simplify the process of purchasing Iranian products. As a result, due to the capability of IDEA company in prosecuting researching projects and finding the best suppliers in Iran, we would be able to help customers who are unfamiliar with the Iranian market.

Margin purchase from Iran!

IDEA marketing research institute as an executer and the official representative of the “Export guarantee fund of Iran “has the capability to process a variety of financing exporting projects for Iranian supplier companies. In addition, the company can manage accreditation of the foreign companies who are in purchasing process and provide guarantees for Iranian suppliers so that if they weren’t able to have collectivity from the costumers, the Islamic republic of Iran government would collect between 90% to 95 % of the debt.

Export Guarantee Fund of Iran

It is worth mentioning that ” Export guarantee fund of Iran” was established in 1973 with the cooperation of UNCTAD International Organization as the only governmental export credit insurance company affiliated to the Ministry of Industry, Mines and Trade. This financial institution which is backed by the government and parliament’s support, not only will compensate political and commercial risks of importing from Iran, but also will issue credit guarantee to provide financial resources for all importers and exporters. IDEA Marketing Research institute as the official representative of this governmental organization is able to accredit and process margin purchasing from Iranian suppliers for foreign customers.

  • IDEA Marketing Research institute
  • EGFI’s Official representative
  • Export Guarantee Fund of Iran(EGFI)
  • Function: I.R. of Iran’s official Export Credit Agency(ECA)
  • Legal nature: 100% Government-owned Company
  • Date of Establishment: 1973 

Export Guarantee Fund of Iran

It is worth mentioning that ” Export guarantee fund of Iran” was established in 1973 with the cooperation of UNCTAD International Organization as the only governmental export credit insurance company affiliated to the Ministry of Industry, Mines and Trade. IDEA Marketing Research institute as the official representative of EGFI in Iran.

Quantitative Research

Idea company implements quantitative marketing research projects in Iran:

Face to Face projects, CATI & TI projects, Web Survey / Mail Survey projects, Gang Survey projects, Mail Survey projects, Panel Survey projects, Diary projects, Retail Audit projects, Retail Census projects, CAPI projects.

Qualitative Research

Idea company implements qualitative marketing research projects in Iran:

Focus Group projects, Mini Group projects, IDI projects, Structured Interview projects, Brain Storming projects, Mystery Shopping projects, Home Visit projects, Shop Along projects, Immersions projects.

IDEA Marketing Research institute

EGFI’s Official representative

Export Guarantee Fund of Iran (EGFI)

Tel: +989123137419
Tel: +2122733086

About Export Guarantee Fund of Iran(EGFI)

About Export Guarantee Fund of Iran(EGFI)

About Export Guarantee Fund of Iran(EGFI)

One of the concerns of exporters has always been political and commercial risks in their export procedures, because these risks will lead to payment defaults for the exported goods and services. Untimely collection of debts owed by foreign buyers ratchet up financial pressure on exporters and will consequently disable them in fulfilling their financial obligations to domestic creditors and sometimes that could end in full bankruptcy.

In order to encourage exporters to expand their export activities and allay their concerns on this issue and providing them with necessary cover against political and commercial risks, governments move to establish Export Credit Agencies (ECAs). Such agencies are mainly affiliated to governments and depend on their financial support and they often cover risks that other credit insurance companies cannot cover.

In order to provide financial security to Iranian exporters and effectively boost non-oil exports in the country, the Export Guarantee Fund of Iran (EGFI), an affiliate of Ministry of Industry, Mine and Trade, was established as an independent legal and financial entity.

Relying on government support, this fund covers political and commercial risks of export in addition to issuing Credit Guarantees (surety) to provide the exporters with the necessary finance.

 

About IDEA marketing research institute

IDEA company, commercially known as “IDEA marketing research institute” has started its activity since 2015. In the beginning, all the activities of the company were limited to prosecuting marketing research projects on domestic generative and industrial plants, however, after the admirable determination and hard work done by Dr.Bazazzadeh, the founder and manager of the company, The company has succeeded to expand its service borders internationally, establishing its first office in Iraq in 2017, the second office in Uzbekistan in 2020, and most recently in Ivory Coast in 2021.

Simplifying the process of exporting goods from Iran to other countries has been the main concentration of “Idea marketing research institute” in the past recent years. Playing the role of the representative of the foreign costumers, We offer a wide variety of services to them. What makes our services more impressive is that we purchase Iranian productions directly! More clearly, Firstly, the foreign costumers inform us about their order, then we IDEA company would start to look for the demanded goods for the best price in Iran on behalf of them. After finding the demanded productions, we will provide services below:

  • Initially Planning a “plant visiting and monitoring” trip to Iran for the foreign customers
  • Evaluating the rank of the supplier company compared with other producers in market
  • Verifying all certifications provided by the producer company in governmental organizations
  • Evaluating the quality of the goods produced by the Iranian plant in valid national and international laboratories located in Iran
  • Negotiating with the producer company on behalf of the customer in the shortest period of time possible
  • Monitoring selling process on behalf of the customer
  • Prosecuting researching activities in order to find better suppliers if required
  • Prosecuting all required paperwork and monitoring activities that a foreign customer would deliver to an Iranian representative company to be followed up, without any further concerns

Having a strong researching network all over Iran makes IDEA marketing research institute able to pursue a wide range of marketing research projects and …help foreign customers find their desired producers and manufacturers with the lowest price possible. The considerable point is, we are not a dealer (broker) company! Meaning that we are not supposed to just connect two parties of the contract, rather, we simplify the process of purchasing Iranian products. As a result, due to the capability of IDEA company in prosecuting researching projects and finding the best suppliers in Iran, we would be able to help customers who are unfamiliar with the Iranian market.

Margin purchase from Iran!

IDEA marketing research institute as an executer and the official representative of the “Export guarantee fund of Iran “has the capability to process a variety of financing exporting projects for Iranian supplier companies. In addition, the company can manage accreditation of the foreign companies who are in purchasing process and provide guarantees for Iranian suppliers so that if they weren’t able to have collectivity from the costumers, the Islamic republic of Iran government would collect between 90% to 95 % of the debt.

Export Guarantee Fund of Iran

It is worth mentioning that ” Export guarantee fund of Iran” was established in 1973 with the cooperation of UNCTAD International Organization as the only governmental export credit insurance company affiliated to the Ministry of Industry, Mines and Trade. This financial institution which is backed by the government and parliament’s support, not only will compensate political and commercial risks of importing from Iran, but also will issue credit guarantee to provide financial resources for all importers and exporters. IDEA Marketing Research institute as the official representative of this governmental organization is able to accredit and process margin purchasing from Iranian suppliers for foreign customers.

  • IDEA Marketing Research institute
  • EGFI’s Official representative
  • Export Guarantee Fund of Iran(EGFI)
  • Function: I.R. of Iran’s official Export Credit Agency(ECA)
  • Legal nature: 100% Government-owned Company
  • Date of Establishment: 1973 

Our Services in the Export Guarantee Fund of Iran (EGFI)

About Services

 

For Exporters:

 

Whole Turn-Over Policy

This policy covers all exports made by an Iranian exporter to different countries against major political & commercial risks for a period of one year. Under this policy, the insured should make monthly declarations of his export activities and pay the determined premium simultaneously.

 

Specific Policy

The policy covers one or more shipments made by an Iranian exporter to a foreign buyer only under a particular contract.

 

Techno-Engineering Services Policy

This policy covers construction projects implemented or engineering services provided by Iranian contracting and engineering companies in other countries against political and commercial risks.

 

Export Contract Frustration Policy

This policy covers any loss incurred due to the frustration of export letters of credit/contracts. In case the Iranian exporter sustains a loss due to any of the covered risks, EGFI will indemnify him, provided that the incurred loss is not due to his breach of contractual obligations.

 

Manufacturer’s Credit Guarantee

The Iranian exporters who intend to purchase their export commodities on credit terms from domestic manufacturers may submit EGFI’s guarantee to the manufacturer as collateral to guarantee the fulfillment of their obligations toward the supplier. EGFI evaluates the creditability of the Iranian exporter and obtains the minimum possible collateral from him prior to the guarantee issuance.

For Banks & Exporters:

 

Local Credit Guarantee

Iranian Banks and Financial Institutions who intend to grant short term local currency (Rial) facilities/ loans to domestic exporters with the aim of financing their export activities and providing their working capital, may obtain EGFI’s “Local Currency Credit Guarantee” as a substitute for the collateral they require to insure the repayment of the granted facility by the debtor, i.e. exporter, on the due date.

 

Forex Credit Guarantee

“Foreign Exchange Credit Guarantee” can be used as an appropriate substitute for the collateral required by the banks granting forex facilities to Iranian exporters.

 

Discounting of Export Bills Insurance Policy

This insurance policy covers the risk of non-payment of the export bills (including L/C or bill of exchange) discounted by Iranian banks. In case of the non-payment of the export bills by the foreign buyer/bank, the claim will be paid to the discounting bank.

 

Sight L/Cs Insurance Policy

This insurance policy covers the risk of non-payment of the issuing bank to the advising bank, after receiving the documents mentioned in L/C. Therefore, the exporter will receive his money immediately from the advising bank backed by EGFI’s Guarantee, after negotiation of the documents, and before the final approval of the issuing bank.

 

Buyer’s Credit Guarantee

To help Iran’s export promotion, domestic banks may provide foreign buyers, who intend to import goods or services from Iran, with buyer’s credit lines to enable them to buy on credit terms. To insure the due repayment of the credit granted to the foreign buyer/buyer’s bank, the creditor/Iranian bank may require securities. This Guarantee is a suitable substitute for the collateral required by the creditor.

 

Bank Guarantee Insurance Policy

This policy covers the risk of calling of the Bank Payment Guarantee, which is issued by the Iranian banks in favor of foreign financers of Iranian technical projects in target markets.

 

For Investors & Banks:

 Investment policy

This Policy covers the principal & interest of the medium & long term investments made by the Iranian investors in target countries solely against political risks.

In case the investor gets a loan from a bank for his project, he can assign the rights of the Investment Policy to the financing bank as a security.

 

For Banks & Contractors:

Coverage for Banks’ Bonds

According to Cabinet’s Act in 2008, EGFI is to cover Iranian banks, issuing performance and advance payment bonds for Iranian contractors and constructors winning in International bids inside Iran, and consequently support the contractors in international competitions.

 

Other services:

– Credit Evaluation Reports of foreign buyers;

– Necessary consultancy to the exporters applying for policies and guarantees.

 

Risks covered by EGFI’s products:

 

Commercial Risks

– Buyer’s failure, or unwillingness to accept the exported goods & services

– Non-payment of the price of goods & services on due date

– Buyer’s protracted default due to bankruptcy, insolvency or lien.

 

Political Risks

– Outbreak of war or state of war

– Straining or severance of diplomatic relations with the buyer’s country as a result of which the exporter is unable to collect his receivables on the due date

– Imposition of economic policies in the buyer’s country which may block the exporter’s receivables

– Imposition of restrictions on imports or foreign exchange transfer in the buyer’s country

– Confiscation & nationalization of the buyer’s properties as a result of which the exporter is unable to collects its dues.

History of Export Guarantee Fund of Iran (EGFI)

History  of Export Guarantee Fund of Iran (EGFI)

In the wake of the dollar’s depreciation against the Iranian national currency, Rial, and decline in the petrodollars in the early 1970s, the Export Guarantee Fund of Iran (EGFI) was established in cooperation with UNCTAD in 1973 as the only state-run Export Credit Agency (ECA) affiliated to the Ministry of Industry, Mine and Trade, and started its activities under authority of Trade Promotion Organization of Iran, in order to cover major commercial and political risks for Iranian exporters.

Of course, the newly established organization was short-lived as oil prices rose due to political developments in the Middle East in the mid-1970s, and the country’s oil revenues increased; therefore, EGFI lost its importance and its activity was totally stopped.

After a ten-year halt in activity, the Fund started its operation in 1994 as a legally and financially independent entity but affiliated to the Ministry of Industry, Mine and Trade in a bid to help exporters who had lost their business standing due to the Iraq-Iran 1980-1988 war and pave the way for enhancing the country’s non-oil revenues.

General Policies

General Policies

 

 

2025 Vision: Becoming the top, the most professional and the most influential export credit agency (ECA) across Southwest Asia region

 

Mission

Supporting the Islamic Republic of Iran’s exports through:

 

·        Insuring and guaranteeing credit and investments related to commodities and export services

·        Providing necessary facilities and investment for developing exports at minimum costs and through optimal use of resources

 

Core Values

 

·        Innovation, dynamism, transparency and regular amelioration of procedures and services with focus on customer orientation and meritocracy

·        Abidance by rules and regulations and professional ethics

·        Discipline and precision along with contribution, wisdom and insight in affairs

·        Commitment, excellence, honesty, industriousness and abidance to Islamic ethics

·        Respect of rights and norms and accountability to customers, staff and EGFI stakeholders

 

Policies

 

·        Benefiting from all legal capacities of EGFI for the development of exports

·        Concentration on plans with mid-term and long-term credit allocation

·        Development of cooperation with exports development funds, export unions and organs

·        Boosting operation with the banking system with a view to allocating export credit

·        Coordination and close cooperation with the Trade Promotion Organization of Iran as the administrator of exports

·        Extensive presence in export-rich provinces for enhancing penetration in provinces

·        Upgrading knowledge and promoting culture of using export credit coverage in the country

·        Upgrading expert capacities and acquiring insurance industry knowledge and guaranteeing export credit and developing culture of research and technology with the objective of boosting productivity

·        Making efforts for applying EGFI’s views about target orientation in allocation of export credit

·        Regular improvement of systems and working methods and reengineering of procedures if necessary

·        Development of investment activities

 

Main Goals

 

·        Facilitating, encouraging and developing the Islamic Republic of Iran’s exports and enhancing competitiveness of Iranian exporters

·        Acquiring appropriate performance through compliance with the principles of good governance for organizational excellence

·        Submitting a report on the professional record of export credit coverage and upgrading human resources knowledge up to global standards

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