|
Report No. : |
343939 |
|
Report Date : |
14.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
HOMA THE AIRLINE OF THE ISLAMIC REPUBLIC OF IRAN COMPANY |
|
|
|
|
Registered Office : |
Iran Air Building, Mehrabad Airport Tehran 13185-775 |
|
|
|
|
Country : |
Iran |
|
|
|
|
Date of Incorporation : |
20.03.1962 |
|
|
|
|
Com. Reg. No.: |
8132 |
|
|
|
|
Legal Form : |
Private Joint Stock Company |
|
|
|
|
Line of Business : |
Subject is involved in travelers air transport, ticket sales, ground handling services, cargo services,
training center, catering, medical center, haj operations, cabin services,
engineering & maintenance |
|
|
|
|
No. of Employee : |
800 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No complaints |
|
|
|
|
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) |
|
Iran |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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.
|
Source
: CIA |
Company Name: Homa
the Airline of the Islamic Republic of
Iran Company
Company Trade
Name: Iranair H.Q, Homa,
Iran Air the Airline of the Islamic Republic of Iran, Iran Air Company
Address: Iran Air Building, Mehrabad Airport
Tehran, Iran
Postal Code: -
P.O.BOX:
13185-775
Telephone: +98 21
46624255, 46626689, 46624427, 46624349, 46624430,
46624135
Fax: +98
21 46628224, 46626689
Website:
www.iranair.com
E-mail:
info@iranair.com,
Pr@iranair.com
Current Legal Form:
Private Joint Stock
Company
Registration Address:
Iran Air Building,
Mehrabad Airport, Karaj Road
Tehran, Iran
Start Date: 20/03/1962
Registration Number:
8132
Registration Date:
24/06/1944
Registration Town: Tehran
National Code ID: 10100354259
Note:
The registered name of company is Homa the Airline of the Islamic
Republic of Iran Cmpany.
Nominal Capital: 50,000,000,000 Iranian Rials
Share No: 50,000,000
Share Value: 1,000
Parent Co:
Iran National Airlines Corporation
Iran
Name:
Mr. Farhad Parvaresh
Position within the company:
Chairman & CEO
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Mohsen Nariman
Position within the company:
Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak:
Farsi- English
Name:
Mr. Saeed syed Alaei
Position within the company:
Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mr. Hasan Ghasemi
Position within the company:
Manager and DMD of Flight
Operations
Country of Birth:
Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mr. Mohammadreza Khoshnevisan
Position within
the company: Manager
and DMD of Commercial & Field Operations
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name: Mr. Davoud Aghvami
Position within the company:
Manager& CEO Adviser
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi-
English
Name:
Mr. Abolfazl Mohammadi Raad
Position within the company:
Manager and DMD of
Engineering & Maintenance
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
Name:
Mr. Ali Alizadeh
Position within the company:
Manager
Country of Birth: Iran
Nationality: Iranian
Can fluently speak: Farsi- English
The subject is involved in travelers air transport, ticket sales, ground handling services, cargo services,
training center, catering, medical center, haj operations, cabin services,
engineering & maintenance.
Local Reporters consider the investigated company to be
Large in their field of concern
---
Company Employs: 800
Operates from:
Owned, Offices, Warehouse
Location: Central Business
Area, Main Road
Branches:
1.No.702,7 Floor Apt.AI
Salemiyah AI maktoum
Tel(+971 4)2240200,2228494
DUBAI,UAE
2. BAKU, Azerbaijan
Malakan Baghi-khaghani
Street No.1.2 nd floor
Tel: (+99412)4985886,4986623
Fax: (+99412)5983455
3. ZAHEDAN, IRAN
Tel:+98 (54) 3220813-4
4. KISH ISLAND, IRAN
Tel:+98 (764) 4455683-4
5. Book your seat on international flights
+98(21)44672200
6. IranAir E-booking
+98(21)46625676
+98(21)46625677
7. IranAir Central Sales office (Vila)
+98(21)8880514
Import %: 30%- Finished Goods
Import term: Bank Transfer
Import from: Germany
It doesn’t any export.
Territory:
100 % Nationality
Type of Customer:
Group Companies, Retailers
Terms of sales:
letters of credit
Vehicles: Total number of vehicles:
20
Subsidaries:
Taavoni Maskan Karkonan – Iran
Homa Hotels Group – Iran
Iran Airtour Airline- Iran
Melli Bank
Branch:-
Auditor: Auditing
organization
Solicitor: -
Subject's payments reported to be: Non- Complaint
Name/Title: Mr. Farhad
Parvaresh- Manager, he confirmed it.
-
The registered name of company is Homa the
Airline of the Islamic Republic of Iran Company.
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.02 |
|
|
1 |
Rs.99.89 |
|
Euro |
1 |
Rs.73.92 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
ANK |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
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.