MIRA INFORM REPORT

 

 

Report Date :           

19.04.2012

 

IDENTIFICATION DETAILS

 

Name :

FERDAWS SAMAR LTD 

 

 

Registered Office :

Jalalabad Mashreq Plaza Kabul, Jaddem Nader Pashton, Kabul

 

 

Country :

Afghanistan

 

 

Date of Incorporation :

10.09.2005

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

The subject is involved in general trading in all kinds of products particular in textiles, and foodstuffs

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Unknown

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 – March 31st, 2012

 

Country Name

Previous Rating

                   (31.12.2011)                  

Current Rating

(31.03.2012)

Afghanistan

c2

c2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Contact details

 

Name of Company:        Ferdaws Samar Ltd

Headquarter Address:     Jalalabad Mashreq Plaza Kabul, Jaddem Nader Pashton, Kabul, Afghanistan

Tel:                               +937 87848767

 E-mail:                         ferdaws_samar@hotmail.com

Website:                       -

 

 

Reg Details

 

Legal Form:                   Limited Liability Company

Legal Address:              Jalalabad Mashreq Plaza Kabul, Jaddem Nader Pashton, Kabul, Afghanistan

License No:                   D-7266

Registration Date:          10/09/2005

Capital:                         500,000.00 AFN

Registration:                  Kabul

 

 

Shareholders

 

Mr.Ferdaws Samar family– 100%

 

 

Activation

 

The subject is involved in general trading in all kinds of products particular in textiles, and foodstuffs.

 

 

Branches

 

There is not any branch.

 

 

Directors

 

-          Mr.Ferdaws Samar –Chairman, CEO

( Nationality: Afghani- Place of his birth: Afghanistan- Age: 47)

 

-          Mr. Farid Bahri– Director

( Nationality: Afghani- Place of his birth: Afghanistan- Age: 48)

 

-          Mr. Rashid Wasiq- Director

( Nationality: Afghani- Place of his birth: Afghanistan- Age: 45

 

 

Import & Export

 

Import from: India, Pakistan

Import term: L/C

 

 

Supplier

 

Shrijeelifestyle Pvt Ltd

India

 

 

Interviews

 

-          In the interview withMr. Rashid Wasiq- Director, he refused to cooperate with us.

Local Reputation:

The company being investigated is considered by local reporters to be a Medium

Trade Risk and to be fair.

 

Owner/Shareholders Comments:      

All of the owners / shareholders have an active participation in the running of  the

business.

 

Age of Business:  Old business 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.50

UK Pound

1

Rs.81.99

Euro

1

Rs.67.54

 

 

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

----

NB

New Business

----

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.