MIRA INFORM REPORT

Report Date :

15.04.2011

IDENTIFICATION DETAILS

Name :	OMID AARASH SADEQUI CO. LTD.

Registered Office :	No.185, Froshgah Street, Kabul

Country :	Afghanistan

Date of Incorporation :	21.09.2006

Com. Reg. No.:	09658E

Legal Form :	Limited Liability Company

Line of Business :	Supplier of silk

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	2,000 USD
Status :	Satisfactory
Payment Behaviour :	Usually Correct
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 – December 31, 2010

Country Name

Previous Rating

(30.09.2010)

Current Rating

(31.12.2010)

Afghanistan

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Note : Currency of Report:AFN

Company Name

Omid Aarash Sadequi Co. Ltd.

Company acronym

---

Contact Information

Address	No.185, Froshgah Street Kabul, Afghanistan
Postal Address	-
Telephone	+ 93 79 9654002
Fax	+ 93 79 9654002
Email	-
Website	-
Other Information	-

Registration Data

Date of Registration	21/09/2006
Registration number	09658E
Legal address	No.185, Froshgah Street Kabul, Afghanistan
Legal Form	Limited Liability Company
Authorized Capital	105,000.00 AFN
Other Registration Data	-

CREDIT RECOMENDATION

Current Credit Limit: 2,000 USD

DIRECTORS/MANAGEMENT

Board/Executive

Name	Mr Omid Aarash Sadequi
Position within the company	General Director
Country of Birth	Afghanistan
Nationality	Afghani
Can fluently speak	Urdu

Name	Mr. Kamal Farnood
Position within the company	Secretary
Country of Birth	Afghanistan
Nationality	Afghani
Can fluently speak	Urdu

Name	Mr. Asad Ghafari
Position within the company	Secretary
Country of Birth	Afghanistan
Nationality	Afghani
Can fluently speak	Urdu

NEGATIVE INFORMATION

Litigation, Remarks on Payment

Litigation	None Recorded
Remarks on Payment	No Complaints

SHARE & SHARE CAPITAL INFORMATION

Authorized Capital

105,000.00 AFN

Shareholders with Shares

Shareholder Names	Share%
Omid Aarash Sadequi Family	100%

PAYMENT INFORMATION

Export/Import ( Countries, goods and total values for the period)

Imports From	Iran, CIS
Importing Terms	Letters of Credit
Import % and type of product	100%- Finished Goods

Exports To	Iran
Exporting Terms	Bank Transfer
Export % and type of product	5%- Finished Goods

GROUP STRUCTURE & AFFILIATED COMPANIES

Subsidiaries and Participation

Parent Company

Subsidiaries

Affiliates

FINANICAL INFORMATION

Financial Information

It declined it.

ADDITIONAL INFORMATION

Changes in Registration Data

None recorded

Activities (realistic and officials)

Supplier of silk.

Staff

Number of staff employed

Export/Import (Countries, goods and total values for the period)

Imports From	Iran, CIS
Importing Terms	Letters of Credit
Import % and type of product	100%- Finished Goods

Exports To	Iran
Exporting Terms	Bank Transfer
Export % and type of product	5%- Finished Goods

Facilities

Rented	Office
Premises Size	-

Branches

Address

Bankers

Bank	National Bank of Afghanistan
Branch	-
Address	-
Telephone	-

Suppliers, Partners

Suppliers	-
Partners	-

Representation

Auditors	Mr. Hekmat Nasiri
Solicitors	-

NOTES & COMMENTS

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.48
UK Pound	1	Rs.72.37
Euro	1	Rs.64.42

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

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%)

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