MIRA INFORM REPORT
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Report Date : |
08.03.2011 |
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Tel. No.: |
982126215000-5 |
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Fax No.: |
982126214999 |
IDENTIFICATION DETAILS
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Name : |
KARAFARIN BANK |
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Registered Office : |
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Country : |
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Date of Incorporation : |
09.12.1999 |
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Com. Reg. No.: |
157915 |
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Legal Form : |
Public Joint Stock Company |
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Line of Business : |
Providing Banking Services |
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 : |
Usually Correct |
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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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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B1 |
B1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company
Details
Company
Name: Karafarin Bank
Headquarter
Address:
No
97,
Postal Code: -
Tel: +98 21 26215000
+98
21 26215001
+98
21 26215002
+98
21 26215003
+98 21 26215004
+98
21 26215005
Fax: +98 21 26215005
Website: www.karafarinbank.com
E-mail: info@karafarinbank.com
Registration
& Legal Details
Current Legal Form: Public Joint Stock
Company
Registration Address: No. 315, Vali
Registration Number: 157915
Registration Date: 09/12/1999
Start Date: 09/12/1999
National Code ID: 10102006226
Capital
Currency: Iranian Rials
Nominal capital: 2,000,000,000,000.00
Share No:
2,000,000,000
Share Value: 1,000 Iranian
Rials
Paid Up Capital:
2,000,000,000,000.00
Shareholders
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Shareholder Names |
Share% |
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Iran Computer Equipments Co |
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Tadbir Investment Co |
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Alton Development Co |
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Local Investors |
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Principals
Name: Mr. Mahmoud Amiri
Position within the company: Member
Country of Birth:
Nationality: Iranian
Can fluently speak: Farsi, English
National Code ID: 0038587051
Name: Mr. Valiollah Seif
Position within the company: Managing Director
Country of Birth:
Nationality: Iranian
Can fluently speak: Farsi
Background:
PhD in Accounting & Finance
from
Over 28 years of banking experience as Finance Director
Board Member of Bank Sepah
Chairman of the Board & Managing Director of Bank Mellat, Bank Saderat,
Bank Sepah and Bank Melli
Board Member,Chief Executive Officer & Managing Director of Future bank of
Name: Mr. Ali Ashraf Afkhami
Position within the company: Chairman
Country of Birth:
Nationality: Iranian
Can fluently speak: Farsi
Name: Mr. Davoud Eslami
Position within the company: Director
Country of Birth:
Nationality: Iranian
Can fluently speak: Farsi
Name: Mr. Hussein Taebi
Position within the company: Director
Country of Birth:
Nationality: Iranian
Can fluently speak: Farsi
Name: Mr. Iraj Khodaei
Position within the company: Director
Country of Birth:
Nationality: Iranian
Can fluently speak: Farsi
Company
Activities
Operations
Bank Karafarin provides banking services in
Branches:
No 144,
No 211,
Across from
No 13 ,Sheykh bahayee jonubi St ,
No 97,
No. 60,
Tehran - Baharan 1 Commercial Complex, Bazar_e Ahan_e Shad abad, Shir_e
Pastorize triode., Tehran, Iran
No. 222,
No 141,Shahid Mehdi zade St,Between
No. 505,
No 786, khayam St.,
No 15, Najaf-abadi cross,
No 11,13,
Sardar jangal St.,Shahid hemmat free way.,
No 325, Sady comercial complex ,Shahid Khansari Alley ,Sady_e jonubi
St.,
No 8, Malek zadeh Corner,Qom Old Road,Shahr_e Ray., Tehran, Iran
Sanaye_e Tehran Commercial Complex, Shahid Namdar ,Shahid
heydari_e jonubi , Shahrak_e Valiasr ,Yaft Abad.,
Shahid beheshti St.,
No 362,Between Bahar and
No. 315,
Erfan Hospital, Shahid Rezaiee St,Sarv_e gharbi Blv,Sa'adat Abad., Tehran, Iran
Kouh-e- Noor Bldg.,
No 1335,Infront of vahid dastgerdi St,
No 135,136,Golestan Commercial Complex,Faz_e 1,Shahrak_e
Gharb.,
No.1,
Yakhchal station, Karaj Exp.,
No. 115,
No 967,
No 41 ,Madaen St ,Nazi abad St.,
Iran Sokna Bldg.,
Ehsan commercial Bldg,
No.456,
No.230,
Before Khaiam Sq,
No. 915,
Shomali Bahonar junction,
Employees
Company Employs: 750
HQ Premises
Operates from: Owned Offices
Location:
Central Business Area
Imports
It doesn't import.
Export
It doesn't export.
Trading
& Selling
Territory: 100 % nationally
Type of Customer: Group Companies
Terms of sales: Cash, letters of credit
Vehicles: Total number of vehicles:75
Related
Companies
Subsidiaries:
Karafarin Leasing Co
Share%: 100%
Karafarin Investment Co
Share%: 80%
Banks
Auditor: KPMG
Please find the attachment for the financial
information of the subject.
Payments
Subject's payments reported to be: NO COMPLAINTS
interview
& reporter comments
Name/Title: Mr. Iraj Khodaei- Director
He confirmed the report.
The address which you provided is a wrong address.
Conclusion
Local ReputationThe company being investigated is considered by local reporters to be a MEDIUM TRADE RISK AND TO BE FAIR.
Owner/Shareholders Comments:
Some of
owners involved in the running of the business
Age of Business: Old Business
News
The Central Bank of
08/1/2010
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.13 |
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1 |
Rs.73.36 |
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Euro |
1 |
Rs.60.06 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.