MAHAN AIR CO. IR 552543027 Rapport Business

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D&B D-U-N-S : 55-254-3027 COMPANY NAME : MAHAN AIR CO. TRADESTYLE(S) : MAHAN AIR

SUBSIDIARY OF : MOL-AL-MOVAHEDIN CHARITY INSTITUTE Iran

ADDRESS : No 21, Mahan Air Tower Azadegan Street, Jenah Expressway Beginning of Sheykh Fazlollah Exp.Way First Of Karaj High Way Tehran, 1481655761 Iran

TELEPHONE : (98) (21) (48384838) (98) (21) (48382001) (98) (21) (48384848) (98) (21) (48382001) (98) (21) (48381756) (98) (21) (48041111) (98) (21) (48041501) FAX : (98) (21) (48381450) (98) (21) (48381799)

WEB PAGE : www.mahan.aero EMAIL : [email protected], [email protected] ------

D&B RATING : O-

Financial Strength Indicator : O Credit Appraisal Indicator : - (Undertermined)

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REGISTRATION # : 2734 START DATE : 1992 CONTROL DATE : 03/Dec/1994 HISTORY : Incomplete EMPLOYEES (Here) : 3300 SALES TERRITORY : Local AUTHORIZED CAPITAL : USD 44,445,000 ISSUED CAPITAL : USD 44,445,000 PAID-UP CAPITAL : USD 44,445,000

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CHIEF EXECUTIVE : Mehdi Aliyari Chairman and Managing Director

------SIC 4731 -0201 4731 -0202 4512 -9901 4522 -9901 4111 -0300 7363 -9908 LOB Engaged in domestic freight forwarding

------D&B's Rating consists of 2 parts, the Financial Strength and the Composite Appraisal/Condition. Financial Strength is an indication of the tangible net worth (that is, the shareholder's funds less any intangible assets). The Composite Appraisal/Condition is linked to the level of risk and is an overall evaluation of credit worthiness. It takes into account the financial condition and several factors such as trade reference history, legal structure, management experience and any adverse listings.

------CURRENT INVESTIGATION ------

On 7/Aug/2016, Company Official, declined financials but confirmed operations.

Correspondences have been sent to the subject. However as of today, no reply has been received. On 7/Aug/2016, Company Official, stated that: Comments :

Other Comments: The Subject Company has been assigned an 'O-' rating as the Respondent declined to provide the financial and capital details. Other Comments: Attempts were made to obtain the information updated in this report either through the local sources, web research and previous investigation or through voluntary disclosure by the Respondent during telephonic interview. Other Comments: Subject could be found through local registry. Other Comments: Subject Company is member of The International Air Transport Association (IATA) however it could not be validated. Other Comments: Through chamber could find start year as 1994, 1991 however the respondent confirmed as updated. Other Comments: Through web search could find legal structure as Public Company and from existing as Private limited co however the correct legal structure is as updated. Other Comments: Through web search could find employees as 1001-5000 however the respondent confirmed the correct employees count as updated. Other Comments: Through chamber could find HAMID ARAB NEJADKHANOKI as CEO however the respondent confirmed the correct management as updated. Other Comments: Through chamber could find different line of business as Food, animal, vegetable beverage products and live plants and animals Road construction and vehicle aircraft vessels and mining machinery and parts Services however the correct LOB is as update. Other Comments: Respondent confirmed that Subject company has 42 International sales offices. Other Comments: Respondent confirmed that Mol-Al-Movahedin Charity Institute is major shareholder however could not be able to confirm the exact share holding pattern. Other Comments: Inquired address is incomplete and the complete address is as updated. Other Comments: The correct name, address and contact details are as stated in the report.

------PARTIAL ESTIMATES ------On 14/Mar/2010, Namak Shenas, of International Affairs Manager, submitted the following estimates.

Financial performance 31/Dec/2007 31/Dec/2008 31/Dec/2009

Figures in United States Dollar Thousands Thousands Thousands No Of Months 12 12 12 Sales / Income 153,000.00 154,230.00 160,000.00

------BANK ------

Information in this report may not represent the full extent of subject's bank relationships. Banking relations are maintained principally with:-

NAME :BANK MELLI IRAN BRANCH :Sharjah Branch

ADDRESS :Sharjah, U A E

TELEPHONE :(971) (6) (5522510)

NAME :STANDARD CHARTERED ADDRESS :Dubai United Arab Emirates

TELEPHONE :(971) (4) (3599550)

No independent confirmations were obtainable from banker/(s).

------REGISTRATION DETAILS ------LEGAL STRUCTURE :Private joint stock co REGISTERED :Jun 1992 REGISTRATION BODY :Registry of Companies and Businesses FILE NUMBER :2734 Kerman Iran REGISTERED OFFICE :Jomhoori-E-Islami-Blvd Hojaj Blvd, Tehran 1481655761 Iran

Registry details provided by :search at local registry office

------CAPITAL DETAILS ------

AUTHORIZED CAPITAL :USD 44,445,000.00 ISSUED CAPITAL :USD 44,445,000.00 PAID-UP CAPITAL :USD 44,445,000.00 as of 14/Mar/2010

------SHAREHOLDER(S) ------The following details represents the Full Shareholders List.

ORDINARY SHARES Name of Shareholder Location % Held ------MOL-AL-MOVAHEDIN CHARITY INSTITUTE Iran 96 KHAYER CO 1 Mohammad Hasani 1 Arab Nejad 1 Mahmoudi 1

Total No. of shareholder : 5 Shareholdings as at : 14 Mar 2010

Subject Company is registered with Iran Chamber of Commerce, Industries, Mines and Agriculture, member of The International Air Transport Association (IATA)IATA Designators/Reservation Codes W5,IATA 3 digit Code:537,ICAO DESIGNATOR:IRM and Stated Operation in June 1992

------CORPORATE DIRECTORS ------

Name : Mehdi Aliyari NATIONALITY : Iran

Name : Shahriar Zol Alaa NATIONALITY : Iran

Name : Gholamreza Mahmoudi NATIONALITY : Iran

------EXECUTIVES ------

Name : Mehdi Aliyari Current Title : Chairman and Managing Director Active in daily operations : Yes Stated to be fluent in English

Name : Shahriar Zol Alaa Current Title : Director Active in daily operations : Yes Stated to be fluent in English

Name : Gholamreza Mahmoudi Current Title : Director Active in daily operations : Yes Stated to be fluent in English

Name : Namak Shenas Current Title : Manager Active in daily operations : Yes International Affairs

Name : Hossein Hosseini Current Title : Marketing Director Active in daily operations : Yes Route Development

Name : Soltani Current Title : Commercial Manager Active in daily operations : Yes

Name : Mehdi Maghfori Current Title : Operations Vice President Active in daily operations : Yes

Name : Hamid Sagehi Current Title : Technical Vice President Active in daily operations : Yes

Name : Hussein Zadeh Current Title : Finance Manager Active in daily operations : Yes

Name : Naghmeh Nikrah Current Title : Sales Manager Active in daily operations : Yes

------OPERATIONS ------4731-0201 Engaged in domestic freight forwarding 4731-0202 Engaged in foreign freight forwarding 4512-9901 Engaged as air cargo carrier, scheduled 4522-9901 Engaged as air cargo carriers, nonscheduled 4111-0300 Engaged in airport transportation 7363-9908 Engaged in pilot service, aviation

SALES TERRITORY ------LOCAL : 100 %

SALES ----- The subject does not export.

CUSTOMERS ------

MAJOR CUSTOMERS

Individual People

Companies

EMPLOYEE(s) - CURRENT ------Employees (here) : 3,300

EMPLOYEE(s) - PREVIOUS ------

YEAR:- : 2014 Total Employees : 3,300 Estimated

YEAR:- : 2013 Total Employees : 2,728 Estimated

TRADESTYLES ------MAHAN AIR

------LOCATION ------

SIZE OF PREMISE : 1000 square meter(s) TYPE OF OCCUPATION: Owned LOCATION : Central business district

The subject is located close to an airport

PREMISES USED AS : Administrative office

ADDITIONAL CURRENT ADDRESSES ------

MAILING ADDRESS

Postal Box 411-14515 Tehran Iran

------PARENT ------MOL-AL-MOVAHEDIN CHARITY INSTITUTE Kerman Iran Shares held in subject: 96%

------SUBSIDIARY ------HOTEL HEZAR Kerman Iran Year started : 1992 % OF SHARES OWNED : 100 % Operates as Hotel

MAHAN TRAVEL Tehran Iran Year started : 2001 % OF SHARES OWNED : 100 % Operates as Travel Agency

------AFFILIATE(s) ------

TOTAL NUMBER OF AFFILIATES : 2

KERMAN KHODRO Tehran Iran Year Started : 1994 Subject holds 40 % of shares / interest in affiliate. Operates as Automobile Manufacturer

HEZAR COMPANY Kerman Iran Year Started : 1994 Subject holds 40 % of shares / interest in affiliate. Operates as General Traders

------BRANCH(es) ------The principal branch location(s) are as follows:-

Valiasr Sales office 2nd floor No. 5 corner of Mardoukhi alley Valiasr Street., (Afte Park Saee) Location Type : Office

Tel: +982188675810, Fax: +982188675141, E-Mail:[email protected] No4, Floor 2,Silver Building (NO 363) Mirdamad Street, Tehran, Mehrabad Airport:Terminal 4 Tehran Location Type : Office

Tel: +98218586,Fax: +982188659707, Mehrabad Airport:Terminal 4,Tel: +982161023392,Fax: +982166025476,E-Mail: [email protected], IKA Airport: Tel: +982151007026, Fax: +982155678307, E-Mail: [email protected] Next to mellat bank After Asiabad cross, west motahari street Kerman Location Type : Office

Tel: +983412530541, +983412530836, Fax: +983412531298,E-Mail: [email protected], Tel: +983412530541, +983412530836, Fax: +983412531298, E-Mail: [email protected] No137,Between Neshat and Ghaem, Ahmadabad Street Mashhad Location Type : Office

Tel: +985118024,Fax: +985118463287, E-Mail: [email protected], Airport:Domestic Terminal of Mashhad International Airport ,Room No:219, Tel: +985113400219, Fax: +985113400211, E-Mail: [email protected] P.O.Box: 71349-44566, 1ST Floor, Ahoura Building, Next to Post Bank Seyed Jamal Aldin Asad Abadi Street Shiraz Location Type : Office

Tel: +987112340101-2, Fax: +987112334100, E-Mail: [email protected], Airport:Domestic Terminal Shiraz International Airport, Tel: +987117225025, +987117202245, Fax: +987117202245, E-Mail: [email protected] P.O.Box 76799-79418, NO 1/3, Centrance, Block 1 Ferdous villas, Ferdous Boulevard Kish Island Kish Location Type : Office

Tel: +987644424141, Fax: +987644421300, E-Mail: [email protected], Airport:Terminal 5, Tel: +987644440414, Fax: +987644440413 Airport:Domestic terminal of isfahan shahid beheshti international Airport Isfahan Location Type : Office

Tel: +983115275099, Fax: +983115275100, E-Mail: [email protected] Qeshm Gasht Travel Agency Between Delgosha & Shohada Square, Imam Khomeini Boulevard, Bandar Abbas Bandarabas Location Type : Office

Tel: +987612248944-6, +982240360761-2, Fax: +987612223090,E-Mail: [email protected] Terminal 1, traffic office Mahan Air Zahedan Location Type : Office

Tel: +985413238551, Fax: +985413238551 P.O.Box: 63516 15575, next to mehdi shop, melli bank Street industrial zone Mahshahr Location Type : Office

Tel: +98652 2344141-2, Fax: +98652 2343142, +986522343936, E-Mail: [email protected], E-Mail: [email protected] Imam Khomeini Boulevard Assaluyeh Location Type : Office

Tel: +9877257264841,Fax: +98772 7264843, E-Mail: [email protected] Opposite Technical University Kerman Iran Size of Premises : 200 square meters Location Type : Office

Rented Premises Airport - Terminal 2 Dubai United Arab Emirates Location Type : Office

Tel: +97142285550, Fax: +97142285582, E-Mail: [email protected] Moscow Russia Location Type : Office

World Travel Agencies Sharjah United Arab Emirates Location Type : Office

MAHAN GENERAL SALES AGENT, Yosouf Azeme Square (Salehie Square)- Ferdows Street-Next to Donya Cinema-Ferdows Building Dameshgh Syria Location Type : Office

Tel: +963112261012-13 PACIFIC AIR AGENCY GROUP, 12th Floor, Dong Hwa Bulding.58-7 Seosomun Dong, Choong-Ku, 100-110 Seoul, Korea Seoul South Korea Location Type : Office

Tel: +96623178833-4, Fax: +96627559758 United Center building 4th Floor, Unit 403, 323 Silom Road Bang Kook Thailand Location Type : Office

Tel: +6622311414, Fax: +6622311419, E-Mail: [email protected] M-34, Outer Circle, Connaught Place, New Delhi-110001 Delhi India Location Type : Office

Tel: +911143368750 (Multilines) Airport, Passenger, IGI Airport Room No. OL38, Office Level, Terminal III 110037 New Delhi India Location Type : Office

Tel: +911125656050 International Cargo Complex 1st floor, Public Amenities Building IGI Airport 110037 New Delhi India Location Type : Office

Tel: +911125656539 308, Prestige Chamber Opposite Narinder Cinema G.T. Karnal Road 144001 Jalandhar India Location Type : Office

Tel: +911814608300-5 Room No. 102, Departure Hall Raja Sansi Airport 143001 Amritsar India Location Type : Office

Tel: +911836537711, +911832214177 Town office JEDDAH Location Type : Office

Tel: +96626685054, Fax:+96626684963 Cumhuriyet Cad. Sibel apartment No: 101 D: 6, 34373 Elmadag ? Sisli Istanbul Istanbul Location Type : Office

Tel (Reservation): +902123435822-4, Tel (Administration): +902123435113-4, Fax: +902122477245, E-Mail: [email protected] Mahan Air Berliner Allee 26 40212 Dusseldorf GERMANY

Hotline: +49180592000466, Tel: +4921186327781, Fax: +4921186327782,E-Mail: [email protected] AVIAREPS AG, Landsberger Street. 155, 80687 M nchen

Fax: +498954506842, E-mail: [email protected], Site: www.aviareps.com International Airport Terminal c/office 1.727 , 40474 Dusseldorf

Tel: +4921142171430-1, Fax: +4921142171432, E-Mail: [email protected], E-Mail: [email protected], E-Mail: [email protected] Sales:Tel: +4969770673021, Fax: +4969770673235, E-Mail: [email protected], Mahan Air, c/o Aviareps AG, Kaiserstr. 77 Frankfurt 60329 Location Type : Office

86A Old snow Hill, Birmingham, B4 6HW Birmingham United Kingdom Location Type : Office

Tel: +441217104200, Fax: +441212330826, Mobile: +447532490515, E-Mail: [email protected], Site: www.mahanair.co.uk 86A Old snow Hill, Birmingham, B4 6HW Birmingham United Kingdom Location Type : Office

Tel: +441217104200, Fax: +441212330826, Mobile: +447532490515, E-Mail: [email protected], Site: www.mahanair.co.uk Beech avenue 104 1119 PP Schiphol-Rijk The Netherlands Netherlands Location Type : Office

Tel: +31206547924, Fax: +31206230151, E-Mail: [email protected] A-0-1 Ground Floor Block A Megan Avenue II, Jalan Yap Kwan Seng 50450 Kuala Lumpur Malaysia Location Type : Office

Tel: +60321667977, +60321668977, Fax: +60321665977, Airport:Tel: +603 87764527, Email: [email protected] Shevchenko Street 154, Office No 5, Kazakhstan,Almaty Almaty Kazakhstan Location Type : Office

Tel: +117273775114, +117273775101, Fax: +117273776734 Beijing China (People's Republic) Location Type : Sales office

Shanghai China (People's Republic) Location Type : Sales office

Guangzhou Hong Kong Location Type : Sales office

------DIVISIONS ------

MAHAN AIR GSA GSA: Aviareps AG, Address: Piazza della Repubblica 32 - 20124 Milan ? Italy ( metro Linea 3 Repubbica Italy

MAHAN AIR CARGO Mahan World Cargo building-No.22, Second Sazmane-Aab Avenue Azadegan Street, Tehran-Karaj Highway Italy

MAHEX(COURIER OFFICE Mehrabad Airport, Opposite of 2nd terminal-Office No.11

MAHAN AIR HANGER

CURRENCY: All amounts in this report are in Iranian Rial unless otherwise stated.

------MEDIA RELEASE ------Date : 5 Aug 2014 Mahan Air has achieved impressive results in passenger and cargo traffic during the first half of 2014. The airline has continued its growth with available seat km up by 13%, flights by 10% and cargo carried by 19% during this period. More than 2.8 million passengers were carried indicating a 9% growth compared with 2013

Date : 30 Aug 2014 IRNA quoted from Iran aviation organization: Mahan Air is the top 3 airlines that has the least delay with 719 flights

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