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Tose-E Melli Group Investment Public Joint Stock Company (Iran)

Main Activities: Commercial Banking
Full name: Tose-E Melli Group Investment Public Joint Stock Company Profile Updated: February 07, 2021
Buy our report for this company USD 29.95 Most recent financial data: 2020 Available in: English Download a sample report

Recently the US Treasury department has put the BMIIC and some of its affiliated companies in the sanction list, in line with the other injustice policies the US government has followed in recent years to put pressure on the Iranian Industrial and Financial Institutions. Apart from the fact that this decision is another example of US seek of domination on independent countries, it is necessary to clarify some points for the public awareness:
1. Bank Melli Iran Investment Company (BMIIC) is an independent private entity which has been established as a Conglomerate Company under the country's Commercial Law, and its shareholders include thousands of individual as well as corporate entities; and since the company is listed in TSE (Tehran Stock Exchange), the list of its shareholder changes regularly.
2. Applying the same sanctions imposed on Bank Melli Iran to BMIIC, based on injustice political reasons leaves no place for a logical debate. BMIIC and its affiliated companies, as it has been described in their Article of Association have never been engaged in banking activities including transfer of money and no interest in military industries and mainly focused on the Petrochemical Industries, Cement Industry and Pharmaceuticals. Once again BMIIC strongly declares that the US Treasury decisions are based on untrue, injustice political reasons to support the US intention of worldwide military dominance. It is against the US government's humanitarian claims to put the name of BMIIC affiliated companies which are active in the cement industry, textile industry, construction industry, publishing institutes and commercial companies as they provide the day to day public needs, and have no interference with the US claimed activities. The very last US government's decision, is another statement that demonstrates the US claims against Islamic Republic of Iran and its financial institutions, especially BMIIC has no grounds and just follow the US political aims in the region.

Legal Address
Valiasr Ave, Above Vanak Square,Shahid Khodami Street, After Kurdistan, No. 89,P.O.Box:3898-15875
Tehran; Tehran; Postal Code: 1994844202

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Website: http://tmgic.ir/

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1992
Key Executives
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Director / Member of the Management Board
Ownership Details
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63.42%
Subsidiaries
Iran Compressor Mfg Co
Company Performance
Financial values in the chart are available after Tose-E Melli Group Investment Public Joint Stock Company report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency IRR. Absolute financial data is included in the purchased report.
Operating profit (EBIT)
-87.46%
Net Profit (Loss) for the Period
187.24%
Total assets
18.34%
Total equity
21.34%
Return on Equity (ROE)
10.81%
Quick Ratio
0.34%
Cash Ratio
0.02%

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