Risk Level:
99% May harm your business future; Persons or entities that engage in transactions with this entity will be exposed to sanctions or subject to an enforcement action;

Working with this entity means supporting Iranian Regime, Regime Terrorist Activities & development of WMD

Top Alert – Entity designated / sanctioned for terror, WMD and human rights violation

Sho’a’ Aviation identified as an IRGC entity;

Produces micro-lights which the IRGC has claimed it is using as part of its asymmetric warfare doctrine;

Reportedly manufactures and assembles ultra-light airplanes, engineless airplanes, and non-military helicopters. Operates an assembly line for ICB airplanes. Maintains the Sho’a’ flight school at Azadi Airport in Abyek Qazvin with four ultra-light airplanes;

Also Known As:
Shoa Aviation

Involved In:
Missile Weapon program


Opposite to Golestan Np. 7, Bldg. No. 110, Suite No. 5, Pasdaran Street, Tehran, Iran
Pasdaran Street, Across from Golestan Haftom, Building 3110, Apartment 5, Tehran, Iran



Web Site:

Reason for the color:
» Identified as an IRGC entity in an annex to U.N. Security Council Resolution 1747 of March 24, 2007, which lists entities of proliferation concern; with some exceptions, the designation requires states to freeze the financial assets on their territories which are owned or controlled by the entity, by its agents, or by entities it controls; the designation also requires states to ensure that funds, financial assets or economic resources are prevented from being made available by their nationals or by any persons or entities within their territories, to or for the benefit of the entity;
» Added on consolidated list of financial sanctions targets in the UK;

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IFMAT Color Guide

We sort entities who are connected with terrorist activities, in two sections, first by risk and second by geolocation.
GeoLocation divisions are divided into two fields, Black List and Gray List.
BlackList is a list of all companies, organizations and figures who originate from Iran.
GrayList is a list of all companies, organizations and figures out of Iranian borders, and doing business with Iran.
We identify risk of entities by COLOR selection, each color marks the risk level of the entity.(by declining order)
Designated / Sanctioned / Illicit entities
Entities affiliated with Designated / Sanctioned / Illicit entities.
Entities sanctioned in the past for Terror or Illicit activities / WMD related / Human rights violations.
Entities in a problematic sector - Sector controlled by the Top Alert entities.
Legitimate entities - we cannot determine whether an entity is completely green, and that is due to the facts that the Iranian economy is not transparent enough for us. Be sure.