MIRA INFORM REPORT

 

 

Report Date :

22.10.2007

 

IDENTIFICATION DETAILS

 

Name :

HAJI ZADA LIMITED (NF)

 

 

Registered Office :

Maskeen Yar Market, office 189 and 195, Mandawee Jadeed 2Nd Floor, Sarai Gur Faroshi, Shop No 17, Kabul

 

 

Country :

Afghanistan

 

 

Date of Incorporation :

1970

 

 

Legal Form :

General Partnership

 

 

Line of Business :

Importer and retailers of tea and cosmetic products.

 

 

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 :

AFGHAN 2,000,000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

 

COmpany NAME

 

HAJI ZADA LIMITED (NF)

 

 

ADDRESS

 

Building            :  Maskeen Yar Market, office 189 and 195

Street                           :  Mandawee Jadeed 2Nd Floor, Sarai Gur Faroshi, Shop No 17

Town                 :  Kabul

Country             :  Afghanistan

Telephone         :  (93) 79312110 / 92315817909 (Pakistan Pishvar) / 93 202100735

Fax                   :  (93) 20 210 1067

 

 

SENIOR COMPANY PERSONNEL

 

   Name                                                             Position

 

1. Haj Mohammed Rajab Haji Zadeh                    Managing Director

 

2. Ahmad Jan Rajab Haji Zadeh                           General Manager

 

3. Haji Ali Jan Haji Zadeh                                    Sales Manager

 

4. Saifollah                                                        Administration Manager

 

 

Total Employees

 

30

 

 

PAYMENTS

 

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

 

We consider it is acceptable to deal with subject for SMALL amounts, although it is normal accepted practice for international suppliers to deal on secured terms with Afghanistan importers.

 

Opinion on maximum credit : AFGHAN 2,000,000

 

Trade risk assessment : Normal

 

Opinion on the credit figure of US DLRS 150,000 / D/A Terms :

 

The above figure is higher than normally seen in one amount, however could prove admissible in a series two transactions provided the total indebtedness is strictly monitored.

 

 

PRINCIPAL BANKERS

 

NAME               : PUNJAB NATIONAL BANK

Branch              : Main Branch

Town                 : Kabul

Telephone         : (93 20) 2101067

Fax                   : (93 20) 2301774

 

 

FINANCIAL INFORMATION

 

Balance sheets are not available. However, the subject interviewed offered the following information :

 

Sales Turnover   : US DLRS 1,000,000 - 2004 - exact

                        : US DLRS 3,000,000 - 2005 - exact

                        : US DLRS 3,500,000 - 2006 - approx

 

Net Profit          : not given

 

 

LEGAL STATUS AND HISTORY

 

Date Started : 1970

 

Capital : not applicable

 

General Partnership with the following partners :

 

1. Haj Mohammed Haji Zadeh  

 

2. Other members of the Haji Zadeh family.

 

 

ACTIVITIES

 

The Subject is involved in the following activities :

 

Importer and retailers of tea and cosmetic products.

 

Imports from Vietnam, India and China.

 

 

FACILITIES

 

The Subject has the following facilities :

 

Owned office and one retails outlet located at heading address as well as 6 other outlets elsewhere in Afghanistan.

 

 

 

 

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.

 

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

 

 

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%)

 

 

 

 

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