MIRA
INFORM REPORT
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Report Date : |
10.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
BANK TEJARAT |
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Registered Office : |
No. 130 Ostad Nejat Ollahy St, Taleghany,
Tehran |
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Country : |
Iran |
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Year of Establishment : |
1979 |
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Com. Reg. No.: |
38027 |
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Legal Form : |
State Owned Concern |
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Line of Business : |
Banking and Financing and in Section Service |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company Details
Company Name: BANK TEJARAT
Address: No. 130 Ostad Nejat Ollahy St, Taleghany
Tehran
Postal Address: P.O. Box 5416-3139 Tehran
Tel: + 98 21 81041
+98 21 88826690
+98 21 88848227
Fax: +98 21 88893641
+98 21 88893642
Website: www.tejaratbank.ir
E-mail: info@tejaratbank.ir
Company was originally started as a STATE OWNED CONCERN on 1979
Registration
& Legal Details
Current Legal Form: STATE OWNED CONCERN
Registration Address: No. 130 Ostad Nejat Ollahy St, Taleghany
TEHRAN
IRAN
Registration Number: 38027
Established Date: 1979
Registration Date: 1979
Registration Town: Tehran
Capital
Currency: Iranian Riyals
Nominal capital: 294,754,000,000,000
Shareholders
Parent Company:
State Owned Concern,
Tehran,
Iran
% Shares Held:
100.00%
Principals
Name: Dr Majid Reza Davari
Position within the company: Managing director & Chairman
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi-English
Name: Mr.
Mohammad Ebrahim
Position within the company: Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Seyed Hassan Soltani
Position within the company: Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi-English
Name: Mr. Seyed Mojtaba
Position within the company: Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi, English
Name: Mr. Farshad Heidari
Position within the company: Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi, English
Name: Mr. Siamak Dolati
Position within the company: Member
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi, English
Activations
Banking & Financing and in Section Service
Local Reporters consider the investigated company to be Large in their field of concern
Operations
Company Employs: 2000
Sales: 100Nationally
Sales to: Group companies, Government Bodies
General Public, Ministry of Defence
Sales Term: Cash
Vehicles: -
HQ Premises
Operates Form: Owned: Offices
Location: Central Business Area, Main
Road,
Branches
Bank Tejarat,
Vali-e-Asr Br.955,Vali-e-Asr Ave.,
Tehran 15957,
Iran
Branch is: Owned
Description of branch: Office
Bank Tejarat,
Mirdamadd Ave.,
Tehran 15479,
Iran
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Bank Tejarat,
No. 113 Sepahbod Gharani Ave.,
1583743114,
Iran
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Bank Tejarat,
Vali-e-Asr Br.955,Vali-e-Asr Ave.,
Tehran 15957,
Iran
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Bank Tejarat,
Museum of Sheikh Bahayee Ave.,
Esfahan 8134877151,
Iran
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Bank Tejarat,
Qiam Street.,
Yazd,
Iran
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Bank Tejarat,
No.91 Sabzeh Meydan Imam Ave.,,
Zanjan 45186,
Iran
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Bank Tejarat,
Zist Khavar Complex, First Floor ,,
Mashad 91746,
Iran
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Bank Tejarat,
Begining of Daraie Ave.,
Tabriz,
Iran
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BANK TEJARAT,
Angle 76 Bd Haussmann,
Paris 75008,
France
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Persia International Bank PLC,
4th Floor, The Gate Building,
Dubai, U A E
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Europish – Iranische Handelsbank AG.,
Depenau 2, D-20095 Hamburg,
Hamburg,
Germany
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PIB (EX Bank Tejarat, London),
6 Lothbury,
London,
United Kingdom
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Other Branches
Additional Information:
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Bankers
Bank Tejarat,
Branch: Main Branch
Taleghani Ave,
Tehran,
Iran
Financial
Information Financial is not available/applicable
Imports
Import % and type of product: Subject does not Import
Export
Export % and type of product:
Subject does not export
Related Companies
Affiliates
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Financial Fund of Iran
Technology Development
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Payment
Subject's payments reported to be: NO COMPLAINTS
Interview & Reporter Comments
Name/Title:
Mr. Ali Nikoukar Public relations
Subject has confirmed the general details provided in the report.
Reporter Comment:
In the interview conducted with Mr.
Ali Nikoukar Public relations,
he declined bank account
numbers and financial details citing the grounds of company
confidentiality.
Conclusions
Local Reputation:
The company being investigated is considered by local reporters to be a Normal
Trade Risk
Local informants consider granting of credit to be a fair trade risk
Owner/Shareholders Comments: Some of the owners / shareholders have an active participation in the running of the business.
Age of Business: Old Business
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.12 |
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UK Pound |
1 |
Rs.72.59 |
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Euro |
1 |
Rs.63.52 |
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)