MIRA INFORM REPORT
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Report No. : |
332521 |
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Report Date : |
22.07.2015 |
IDENTIFICATION DETAILS
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Name : |
DORNA AEROSPACE COMPANY |
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Registered Office : |
No.15, Sarvestan Farei Golsorkh Blvd, Shamsabad Ind Town, Qoom-Tehran Otoban 40Km, Tehran 1834184451 |
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Country : |
Iran |
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Date of Incorporation : |
11.03.1989 |
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Com. Reg. No.: |
74018 |
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Legal Form : |
Private Joint Stock Company |
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Line of Business : |
Design and
manufacture of light airplanes, airplane repair and maintenance. |
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No. of Employees : |
130 |
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 |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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Iran |
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 |
IRAN - ECONOMIC
OVERVIEW
Iran's economy is marked by statist policies,
inefficiencies, and reliance on oil and gas exports, but Iran also possesses
significant agricultural, industrial, and service sectors. The Iranian
government directly owns and operates hundreds of state-owned enterprises and
indirectly controls many companies affiliated with the country's security
forces. Distortions - including inflation, price controls, subsidies, and a
banking system holding billions of dollars of non-performing loans - weigh down
the economy, undermining the potential for private-sector-led growth. Private
sector activity includes small-scale workshops, farming, some manufacturing,
and services, in addition to medium-scale construction, cement production,
mining, and metalworking. Significant informal market activity flourishes and
corruption is widespread. Fiscal and monetary constraints, following the
expansion of international sanctions in 2012 on Iran's Central Bank and oil
exports, significantly reduced Iran's oil revenue, forced government spending
cuts, and sparked a sharp currency depreciation. Iran’s economy contracted for
the first time in two decades during both 2012 and 2013, and grew only slightly
2014. Iran continues to suffer from high unemployment and underemployment. Lack
of job opportunities has prompted many educated Iranian youth to seek
employment overseas, resulting in a significant "brain drain." In
June 2013, the election of President Hasan RUHANI generated widespread public
expectations of economic improvement and greater international engagement. In
connection with ongoing international negotiations over Iran’s nuclear program
the limited sanctions relief for Iran provided under the Joint Plan of Action
of November 2013, helped to forestall the decline in the economy in 2014.
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Source
: CIA |
Company
name and address
Company
Name: Dorna Aerospace Company
Company Trade
Name: Dorna Aircraft Iran Company, H.F.Dorna
Address: Golesorkh 15th, Mahestan Blvd, Shamsabad Ind
City Hasanabad Shahr E Ray, Tehran, Iran
Postal Code: -
P.O.BOX: -
Telephone: + 98 21 56232420-1
Fax:
+ 98 21 56232423
Website: www.dornaaircraft.com
E-mail: info@dornaaircraft.com
Registration
& Legal dETAILS
Current Legal
Form: Private Joint Stock Company
Registration
Address: No.15, Sarvestan Farei Golsorkh Blvd, Shamsabad Ind Town,
Qoom-
Tehran Otoban 40Km, Tehran
1834184451, Iran
Start
Date:
11/03/1989
Registration
Number: 74018
Registration
Date: 11/03/1989
Registration
Town: Tehran
National Code
ID: 10101189190
Note:
The registered
name of company is Dorna Aerospace Company.
Capital
Nominal
Capital: 1,000,000,000
Iranian Rials
Share No: 1,000
Share Value: 1,000,000
Iranian Rials
Shareholders
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Shareholder Names |
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Mrs. Zahra Farzan Kian
60% |
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Mr. Yaghob Entisari
40% |
Principals
Name:
Mrs. Zahra Farzan Kian
Position
within the company: Chairman
Country of
Birth: Iran
Nationality: Iranian
Can fluently
speak: Farsi- English
Name:
Mr. Yaghob
Entisari
Position within
the company: Vice
Chairman& Managing Director
Country of
Birth: Iran
Nationality: Iranian
Can fluently
speak: Farsi- English
Company ACTIVITIES
Design and
manufacture of light airplanes, airplane repair and maintenance.
Local Reporters consider the investigated company to be Normal in their field of concern
Brands:
Parandeh Abi,
Free Bird, Blue Bird, 12-19 seater aircraft
Operations
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Employees
Company Employs: 130
HQ Premises
Operates from: Owned,
Office, Warehouse, Factory
Location: Central Business Area, Main
Road
Imports
Import %: 20%- Finished Goods
Import
term: Bank Transfer
Import
from: China, India
Export
It doesn’t any
export.
Trading & selling
Territory: 100 % Nationality
Type of
Customer: Group
Companies, Retailers
Terms of
sales: letters of credit
Vehicles: Total number of vehicles:
8
Related
--
Banks
Tejarat Bank
Branch:-
Financial
Auditor: Mr. Mohammad Hasan Karimi
Solicitor: Mrs. Zahra Moradi
Payments
Subject's
payments reported to be: Non- Complaint
interview & reporter
Name/Title: Mr. Yaghob Entisari – He confirmed it.
Local Reputation:
The company being investigated is considered by local reporters to be a
Normal
Trade Risk and to be fair.
Owner/Shareholders Comments:
All of owners involved 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.63.65 |
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UK Pound |
1 |
Rs.99.14 |
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Euro |
1 |
Rs.68.91 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
VNT |
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 |
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-- |
NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.