novin investment bank - tehran stock exchange english catalogue.pdf · under fippa, foreign direct...
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NovinInvestment BankLeading Investment Bank
Your Trusted Gateway to Invest in Iranwww.nOVInIB.COM
We Provide AllServices You May Need toInvest in
IrAN
Company Summary (As of September 2015)
Equity………………………….……………….........……..100 million euros
Total Assets ……………………………………..………..1000 million euros
Annual Income ……………………….…….….….……….. 35 million euros
Wealth management clients ………….........………..3600 investors
Total financing till date …………………....…...….. 1500 million euros
Average Return on AUM in 2015………….....……........…………..25%
No. of Employees……………………………………............…………...160
No. of Funds under Management …….……….....................……..11
w w w . n o v i n i b . c o m 1
Iran is considered an appropriate country for business and enjoys various specifications suited for investment:
Strategic location: An exclusive location in the heart of the intersection where Middle East, Asia and Europe meet and an area, which owns an immense significance because of business, customs, and tax arrangements as well as regional and cross-regional investments;
Facilities of domestic markets and vicinity to other markets: The vast domestic markets, with an ever-increasing population of 80 million, and quick accessibility to neighboring populated markets;
Labor force advantages: A huge reserve of trained, efficient and economical human forces in a diverse economy with multiple industries and services sectors;
Developed substructures: A network of massive substructures nationwide in underlying fields such as roads, railways, etc.;
Low costs of production and public services: A diverse range of energy, telecommunication, transportation, and public services;
Abundant natural resources: Enormous and various reserves of natural resources, crude oil, and gas as well as metals and nonmetals indicating easy access to raw materials;
Climatic conditions: Enjoying four-season weather as an advantage for agricultural activities throughout the country and all over the year;
Financial encouragements and variety of tax exemptions: Adjustment of rates of corporate income tax to 25 percent;
New protective Investment Act: Foreign Investment Promotion and Protection Act (FIPPA)
Iran:Unique Opportunities
w w w . n o v i n i b . c o m2
ProceduresUnder FIPPA, foreign direct investment licensing is designed in
a very short and simplified manner in five below stages:
1. Due diligence and investment appraisal by a local authorized
investment bank
2. Submission of application to the OIETAI
3. Review of the application by the Foreign Investment Board
4. Communication of the Draft License to the Foreign Investor
5. Issuance of the Investment License
Direct (Strategic Investment) Equity:
- Listed Companies
- Private Companies
- Start Up & Venture Capital
Fixed Income securities:- All kinds of Islamic financial instruments such as Ijarah,
Musharakah and Murabaha, Mudarabah, Istisna Sukuk.
- Certificate of Deposits
Contractual arrangements:- Buy back arrangements
- Civil partnership
- BOT schemes
How toInvest in Iran
Protective legislations Protection by Foreign Investment Promotion and
Protection Act (FIPPA) Covering all types of investments from FDI to different types
of financing methods A flexible and facilitated regulatory practices for the access
of foreign investors to foreign exchange for capital transfer purpose and creation of one stop shop called “Center for foreign investment service”
Bilateral Investment Treaties with other countries Double Taxation Treaties with other countries
w w w . n o v i n i b . c o m 3
Indirect (non-strategic Investment)
Equity:- Listed companies In the exchange or OTC (traded by order or On-line)
Mutual Funds:- Shares
- Fixed income securities; All kinds of corporate, governmental,
municipality’s sukuk such as Ijarah, Musharakah, Murabaha,
Mudarabah, Istisna
- Exchange Traded Funds
Project specialized funds in real-estate and other sectors
How toInvest in Iran
w w w . n o v i n i b . c o m4
Protective legislations
According to the Regulations governing in the foreign
investment in the exchanges and OTC markets, application
procedures for foreign investment in Tehran Stock
Exchange simplified, however some restriction as follow
imposed:
- The number of shares owned by the total foreign
investors shall not exceed 20% of the total shares
number of the companies listed on the exchange or
on the OTC market or 20% of the shares number of
any company listed on the exchange or on the OTC
market.
- The number of shares owned by each foreign investor
in any company listed on the exchange or on the OTC
market shall not exceed 10% of the shares number of
such company
- Foreign entities shall have to submit the required
information and documents to the TSEO organization
along with an application based on the forms
prescribed by the organization so as to obtain a
license for trading in securities on every exchange or
OTC market.
Procedures1. Submission of required forms and applications to the
SEO through a local authorized investment bank or a
brokerage.
2. Reviewing the documents by SEO
3. Issuing the trade license
4. Trade by order or On-Line
5. Opening a trading account within a brokerage
w w w . n o v i n i b . c o m 5
The NOVIN Investment Bank Group, affiliated mainly by Eghtesad Novin commercial bank and founded in 2008, is a full
financial service provider, with an established network and proven successful experience in Iran.
We are a pioneer investment banking firm, utilizing a range of tailored financial services for a diversified network of clients
including Iran’s largest Oil & Gas, Petrochemicals, Power, and Communication, Civil & Construction, Steel, Transportation
and other industrial and financial sectors.
We are a leading provider of merger and acquisition advisory services in Iran. With industry expertise, extensive
transaction experience, we deliver and tailor services to our clients’ needs.
As an Iranian leading debt financing house, we provide our clients with best-in-class advisory and execution. We originate,
structure and market debt instruments including loans, bonds and private debt placements.
Research is the foundation for everything we do for our clients. We provide original, fundamental insights and analysis for
clients in the currency, interest rate, equity, credit and commodities markets.
Who We are?
w w w . n o v i n i b . c o m6
Our major shareholders: Eghtesad Novin bank Group(58%)
Behshahr Group(10%)
Askariyeh Credit Group(8%)
Sakhteman Iran Investment Group (8%)
Ghadir Investment Group (8%)
Our subsidiaries: Rayan Hamafza (IT Platform) (34%)
Novin Investment Bank Brokerage (67%)
Novin Investment bank Advisory (89%)
Our Structure
w w w . n o v i n i b . c o m 7
What We Do?
Corporate Finance
Helping companies to Grow
Sect
or C
over
age
Business Development
Asset Management
Risk Management Mutual Funds Sales Mutual Funds Corporate
Products
Brokerage Financial Software
Research
Financing Private Banking Trade TradePlatforms
Macro & Sector
M&A
w w w . n o v i n i b . c o m8
Our references
Energy 2012, 2013
USD 600,000,000IRR 9,950 bIn
WateR & WaSteWateR Co.Water Infrastructure Projects
Musharakah Sukuk
Underwriter Manager
20% 4 Years
Novin IBBANK SADERAT IRAN
Energy 2011
eneRGy exChanGe
Due Dilligence
Lead Underwriter
Novin IB
USD 16,000,000IRR 200 bIn
Initial Public Offering
Petrochemicals 2012
peRSIan GUlf petRoCheMICal InDUStRIeS
Initial Public Offering
Due Dilligence
Price Evaluator
Novin IB
USD 7,000,000,000IRR 230,000 bIn
Infrastructure 2013
USD 50,000,000IRR 1,200 bIn
MInIStRy of CIvIlInfrastructure Projects
Musharakah Sukuk
Lead Underwriter & Market Maker Manager
20% 4 Years
Novin IB
Infrastructure 2011, 2012,2013
USD 300,000,000IRR 5,550 bIn
ShIRaz MUnICIpalItyMunicipality Infrastructure Projects
Musharakah Sukuk
Lead Underwriter & Market Maker Manager
20% 4 Years
Novin IB City Bank of IRAN
Machineries 2012
USD 12,000,000IRR 301 bIn
BUtaneCKDs for Production
First Murabahah Sukuk in Iran
Lead Underwriter &Market Maker Manager
20% 2 Years
Novin IB
Construction 2010
USD 96,000,000IRR 1,000 bIn
alBoRz taat ConStRUCtIonTrade, sport and cultural center in
west of Tehran
Certificate of Deposit
Underwriter &Market Maker Manager
17.5% 3 Years
Novin IB
Transportation 2011
USD 30,000,000IRR 290 bIn
Mahan aIRAirbus 300B4 – 605R
First Ijarah Sukuk in Iran
Underwriter & Market Maker Manager
20% 4 Years
Novin IB
Telecommunication 2015
USD 150,000,000IRR 4,500 bIn
teleCoMMUnICatIon CoMpany of IRan, tCIRefinance of TCI Building
Ijarah Sukuk
Underwriter &Market Maker Manager
21% 4 Years
Novin IB BANK SADERAT IRAN
Mining 2015
USD 55,000,000IRR 1,629 bIn
toSe’e MellI MInInG anD InDUStRIeS CoMpany
Two iron ore concentrate and pellet plants
First Istisna Sukuk in Iran
Underwriter &Market Maker Manager
سرمایه گذاری گروه توسعه ملیسهامی عام
23% 3 Years
Novin IB
w w w . n o v i n i b . c o m 9
... Our references
Oil Bankering 2015
USD 16,000,000IRR 500 bIn
Bana GoStaR KaRanehOil Purchase
Murabahah Sukuk
Underwriter &Market Maker Manager
21% 2 Years
Novin IB tourism bank
Toruism 2009
Due Dilligence
Lead Underwriter
Novin IB
USD 20,000,000IRR 200 bIn
IRan CUltURal heRItaGe anD toURISM InveStMent
Initial Public Offering
Machineries 2011,2014
USD 53,000,000IRR 1,130 bIn
BUtaneAluminum Radiator line & Building
Ijarah & Musharakah Sukuk
Lead Underwriter &Market Maker Manager
20% 4 Years
Novin IB
Mining 2013
USD 25,000,000IRR 630 bIn
MIDhCo4 Mine Projects
Musharakah Sukuk
Market Maker Manager
20% 4 Years
Novin IB
Petrochemicals 2013
zanJan petRoCheMICal
Capital injection evaluation
Due Dilligence
Feasibility Study
Novin IB
USD 37,000,000IRR 1,113 bIn
Banking 2012
Due Dilligence
Lead Underwriter
Novin IB
USD 12,000,000IRR 300 bIn
ayanDeh BanK
Initial Public Offering
Food 2014
USD 8,000,000IRR 200 bIn
GlUCoSan23500 Tons Corn
Murabahah Sukuk
Underwriter &Market Maker Manager
20% 4 Years
Novin IB Novin IB
Banking 2010
Due Dilligence
Lead Underwriter
Novin IB
USD 193,000,000IRR 2,000 bIn
Day BanK
Initial Public Offering
Infrastructure 2010
USD 100,000,000IRR 1,000 bIn
QazIvIn MUnICIpalItyMunicipality Infrastructure Projects
Musharakah Sukuk
Underwriter &Market Maker Manager
20% 4 Years
Novin IB City Bank of IRAN
Transportation 2012
USD 35,000,000IRR 415 bIn
JoopaR tRaInS293 Wagons
Ijarah Sukuk
Underwriter & Market Maker Manager
20% 4 Years
Novin IB
w w w . n o v i n i b . c o m10
... Our references
Cement 2015
USD 11,000,000IRR 332 bIn
KURDeStan CeMentNew Production Line
Musharakah Sukuk
Underwriter &Market Maker Manager
22% 4 Years
Novin IB Askariye Credit Agency
Petrochemicals 2013
KhalIJ faRS InteRnatIonal tRanSpoRtatIon
Merger and Acquisitions
Due Dilligence
Deal Evaluation
Novin IB
Petrochemicals 2014
SepehR eneRGy
Due Dilligence
Deal Evaluation
Novin IB
Merger and Acquisitions
Metals 2014
IRan alUMInUM
Capital injection evaluation
Due Dilligence
Feasibility Study
Novin IB
USD 17,000,000IRR 442 bIn
Insurance 2015
Due Dilligence
Lead Underwriter
Novin IB
USD 17,000,000IRR 500 bIn
teJaRat InSURanCe
Initial Public Offering
Pharmecuticals 2013
DaRoU paKhSh GRoUp
Capital injection evaluation
Due Dilligence
Feasibility Study
Novin IB
USD 20,000,000IRR 600 bIn
Insurance 2014
Due Dilligence
Lead Underwriter
Novin IB
USD 14,000,000IRR 400 bIn
novIn InSURanCe
Initial Public Offering
Banking 2013
KaRafaRIn BanKMerger and Acquisitions
Due Dilligence
Deal Evaluation
Novin IB
Banking 2013
teJaRat BanK
Due Dilligence
Deal Evaluation
Novin IB
Merger and Acquisitions
Banking 2012
Due Dilligence
Lead Underwriter
Novin IB
USD 12,000,000IRR 300 bIn
toURISM BanKInitial Public Offering
w w w . n o v i n i b . c o m 11
Our Funds
Novin IB
Mutual Fund 2009
yekom iranianmutual Fund
Fixed Income Securities and Bank Deposits
Fund Administrator
irr 10,000 bin
Novin IB
Mutual Fund 2011
armaghan iranian mutual Fund
Fixed Income Securities, Bank Deposits and Equities
Fund Administrator
irr 1,000 bin
Novin IB
2011
nahal Sarmaye iranian mutual Fund
Fixed Income Securities, Bank Deposits and Equities
Fund Administrator
Sarmaye Bank
irr 1,000 bin
Mutual Fund
Novin IB
2014
miad iranianmutual Fund
Fixed Income Securities, Bank Deposits and Equities
Fund Administrator
irr 100 bin
Mutual Fund
Novin IB
Mutual Fund 2010
atie novinmutual Fund
Fixed Income Securities and Bank Deposits
Fund Administrator
irr 2,000 bin
Novin IB
Exchange-Traded Fund 2014
Sepehr andiShe novin mutual Fund
Fund Administrator
Market Maker: SepehrInvestment Bank
irr 1,000 bin
Fixed Income Securities, Bank Deposits and Equities
Novin IB
2011
tooS iranianmutual Fund
Fixed Income Securities, Bank Deposits and Equities
Fund Administrator
Askariye Credit Agency
irr 2,000 bin
Mutual Fund
Novin IB
Market Making 2014
novin piShromarket making Fund
Fixed Income Securities, Bank Deposits and Equities
Fund Administrator
irr 500 bin
Novin IB
2010
novin Samanmutual Fund
Fixed Income Securities, Bank Deposits and Equities
Fund Administrator
irr 2,000 bin
Mutual Fund
2011
novin paydarmutual Fund
Fixed Income Securities, Bank Deposits and Equities
Fund Administrator
irr 50 bin
Mutual Fund
شرکت کارگزاری تامین سرمایه نوین
w w w . n o v i n i b . c o m12
Sasan AllahgholiBrokerage
Board of Directors
Deputy of Ghadir Investment
Dr. Mansour Kanani Amiri
PHD in Finance & SEO High Council Member
Dr. Gholamreza Zalpour
PHD in Accounting
Dr. Ahmad Badri
Credit Deputy of EN Bank
Masoud Mehrdadfar
Vali Nadi
Executive Committee
Chief Executive OfficerCEO of Tose Melli Group &
EN Bank Board Member
Dr. Farhad Hanifi
CEO of EN Bank
Hasan Motamedi
Dr. Nadi has a PhD in Accounting and is a visiting professor of accounting and finance. He is the current CEO of Novin and has been in the boards and executive committees of several companies in mining sector and financial institutes.
Executive Managers
Mohammad moradiAdvisory
Masoud GholampourResearch & Marketing
Gholamhossain EbrahimAdministration
Morteza AhmadiAsset Management
Alireza Jalali NasabPrivate Banking
Alireza KadivarCorporate Finance
Ahmad EshtiaghiTreasury
w w w . n o v i n i b . c o m 13
Our Objectives
To help our clients to finance and manage their assets as well as their risks in order to accelerate their
growth
To create a universal ability to meet our clients needs,
To provide fulfillment and development for our
outstanding shareholder value and maximize their
wealth on a sustainable basis
To maintain the highest international standards
of corporate governance and regulatory
compliance
To maintain solid capital adequacy and liquidity
ratios
To establish a disciplined risk and cost management culture
To develop a cross-cultural meritocratic management structure
To optimize staff development through business driven training and profit related incentive
To contribute to the social and economic advancement of the communities in which we operate.
Brokerage :
No. 17, Azadegan St, Ghaem Magham Farahani Ave., Tehran, IranTel: +98 21 86791000Fax: +98 21 88720935Email: [email protected]
Investment Advisory :No 3, Spepidar St., North Shahrdari BLVD, Gheysar Amin Pour Sq, Saadat Abad, Tehran, IranTel: +98 21 26760313Fax: +98 21 22383701Email: [email protected]
We Provide All ServicesYou May Need to Invest in Iran
WWW.NOVINIB.COM
Investment in Funds and ETF:Phone: +98 21 84341000 ext (102)Fax: +98 21 88700775 Email: [email protected]: www.sepehrfund.com
Head Office:No. 17, Azadegan St, Ghaem Magham Farahani Ave., Tehran, IranPhone: +98 21 84341000 ext (101)Fax: +98 21 88700775Email: [email protected]: www.novinib.com