MIRA INFORM
REPORT
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Report Date : |
09.03.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
BANK TEJARAT |
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Registered Office : |
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Country : |
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Date of Incorporation : |
28.07.1979 |
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Com. Reg. No.: |
38027 |
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Legal Form : |
Public Joint
Stock Company |
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Line of Business : |
Banking & 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 : |
Good |
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Payment
Behaviour : |
No Complaints |
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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
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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: BANK TEJARAT
Address:
Postal Address:
P.O. Box 5416-3139
Tel: + 98 21 81041
+98 21 88826690
+98 21 88848227
+98 21 88320603
Fax: +98 21 88893641
+98
21 88893642
+98 21 88899505
Website: www.tejaratbank.ir
Company was originally started as a STATE OWNED CONCERN on 1979
Registration
& Legal Details
Current Legal Form: PUBLIC JOINT STOCK COMPANY
Registration Address:
Registration Number: 38027
Established Date: 28/07/1979
Registration Date: 28/07/1979
National Code ID: 10100834460
The company was listed in the Stock Exchange of
Tehran in 2008.
Currency: Iranian
Riyals
Nominal capital: 13,568,599,000,000
Shareholders
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Shareholder Names |
Share% |
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30.59% |
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Saham Edalat Broking Company |
40% |
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Iran Insurance Investment Company |
10% |
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Bank's Retiree of Fund Investment Co |
10% |
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Investors Management Service Co |
7% |
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Local Investors |
2.41% |
Principals
Name: Mr. Seyed Mojtaba Fahimi Hashemi
Position within the company: Member
Country of Birth:
Nationality: Iranian
Can fluently speak: Farsi-English
Name: Mr. Majid Reza Davari
Position within the company: Chairman, Managing Director
Country of Birth:
Nationality: Iranian
Can fluently speak: Farsi- English
National Code ID: 3256668194
Name: Mr. Seyed Rahmatollah Akrami
Position within the company: Vice Chairman
Country of Birth:
Nationality: Iranian
Can fluently speak: Farsi-English
Name: Mr. Farshad Heydari
Position within the company: Member
Country of Birth:
Nationality: Iranian
Can fluently speak: Farsi, English
Name: Mr. Siyamak Dolati
Position within the company: Member
Country of Birth:
Nationality: Iranian
Can fluently speak: Farsi, English
Name: Mr. Masoud Aghasi
Position within the company: Director
Country of Birth:
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,
Branches
Bank Tejarat,
Vali-e-Asr Br.955,
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Bank Tejarat,
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Bank Tejarat,
1583743114,
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Bank Tejarat,
Vali-e-Asr Br.955,
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Bank Tejarat,
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Bank Tejarat,
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Bank Tejarat,
No.91
Zanjan 45186,
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Bank Tejarat,
Zist Khavar Complex, First Floor ,,
Mashad 91746,
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Bank Tejarat,
Begining of
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BANK TEJARAT,
Angle 76 Bd Haussmann,
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Persia International Bank PLC,
4th Floor, The
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Europish – Iranische Handelsbank AG.,
Depenau 2, D-20095
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PIB (EX Bank Tejarat,
6 Lothbury,
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Other Branches
Additional Information:
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Bankers
Bank Tejarat,
Branch: Main Branch
Financial
Currency: Iranian Rials
Figures: 000,000
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Months |
Date of Figures |
Gross Profit |
Net Profit |
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12 |
29/03/2010 |
3,789,445 |
3,236,629 |
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12 |
29/03/2009 |
3,657,471 |
3,012,221 |
Auditor: Auditing
Organization,
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
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.45.03 |
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1 |
Rs.72.98 |
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Euro |
1 |
Rs.62.94 |
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.