MIRA INFORM REPORT

 

 

Report Date :

14th November, 2006

 

IDENTIFICATION DETAILS

 

Name :

UNITED NATIONNS DEVELOPMENT PROGRAMME AFGHANISTAN

 

 

Registered Office :

Shah Mehmood Ghazi Watt Street, Kabul, Afghanistan

 

 

Country :

Afghanistan

 

 

Date of Incorporation :

1950s

 

 

Line of Business :

Provides financial, management and operational assistance to development programmes in the country.

 

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

 

Maximum Credit Limit :

US DLRS 100,000

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

 COMPANY NAME

 

UNITED NATIONNS DEVELOPMENT PROGRAMME AFGHANISTAN (Correct)

UNDP-KABUL (Requested)

 

 

ADDRESS

 

Street                                       :  Shah Mehmood Ghazi Watt Street

Town                             :  Kabul

Country                         :  Afghanistan

Telephone                     :  (93) 20 210 4098 / 9370294287 mobile

Fax                               :  (93)

Shortform Name             :  UNDP Afghanistan

Also Known As              :  UNDP Kabul

 

 

SENIOR COMPANY PERSONNEL

 

Name                                        Position

 

1. Anita Nirody                                       UNDP Country Director

 

2. Ameerah Haq                         UNDP Resident Representative

 

3. Akmal Dawi                           National Public Information Officer

 

 

Total Employees : 25 (amin.)

 

 

PAYMENTS

 

No complaints have been heard regarding payments from local suppliers or banks.

 

Subject is the Afghanistan development arm of the United Nations.

 

We consider it is acceptable to deal with subject for LARGE amounts.

 

Opinion on maximum credit : Eight figure credit amounts (AFGHAN) would not be unusual for this UN programme.

 

Trade risk assessment: Fairly low

 

Opinion on the credit figure of US DLRS 100,000 - DA terms :

 

We consider the above figure to be within the company's financial capabilities.

 

 

 

PRINCIPAL BANKERS

 

NAME               : BANK I MELLI AFGHAN

Branch              : Main

Town                 : Kabul

 

Subject also has an account with other local and international financial institutions.

 

 

FINANCIAL INFORMATION

 

The following information is available on subject's sources of funding :

 

Total donated funds : US DLRS 993,192,389 - 2002-2005 - exact

 

 

LEGAL STATUS AND HISTORY

 

Date Started : 1950s

 

History :

UNDP has been present in Afghanistan since the 1950s, providing development assistance to the country and helping build the capacity of many national institutions. During the 1990s, while many government institutions were jeopardized by civil war and neglected by the Taliban regime, UNDP continued to assist communities throughout the country. During that decade, UNDP delivered US$ 200 million of assistance to Afghanistan, using its own resources as well as those mobilized through bilateral partners and its extensive outreach throughout the country.

 

Capital : not applicable

 

United Nationa programme with the following officials :

 

Anita Nirody

 

 

ACTIVITIES

 

The Subject is involved in the following activities :

 

Provides finacial, management and operational assistance to development programmes in the country.

 

 

FACILITIES

 

The Subject has the following facilities :

 

Office premises at the heading address.

 

 

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

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

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

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions