|
Report Date : |
24.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
NST NASRAT LTD |
|
|
|
|
Registered Office : |
Mevakhan Building
Office No. 3, Ansari Shahrinav Kabul, Afghanistan |
|
|
|
|
Country : |
Afghanistan |
|
|
|
|
Date of Incorporation : |
15.08.2005 |
|
|
|
|
Legal Form : |
Limited
Liability Company |
|
|
|
|
Line of Business : |
subject is involved in general trading in all kinds of products
particular in machineries and raw materials. |
|
|
|
|
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 |
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|
|
|
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 – September 30th, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Afghanistan |
C2 |
C2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Afghanistan ECONOMIC OVERVIEW
Afghanistan's economy is
recovering from decades of conflict. The economy has improved significantly
since the fall of the Taliban regime in 2001 largely because of the infusion of
international assistance, the recovery of the agricultural sector, and service
sector growth. Despite the progress of the past few years, Afghanistan is
extremely poor, landlocked, and highly dependent on foreign aid. Much of the
population continues to suffer from shortages of housing, clean water,
electricity, medical care, and jobs. Criminality, insecurity, weak governance,
lack of infrastructure, and the Afghan Government's difficulty in extending
rule of law to all parts of the country pose challenges to future economic
growth. Afghanistan's living standards are among the lowest in the world. The
international community remains committed to Afghanistan's development,
pledging over $67 billion at nine donors' conferences between 2003-10. In July
2012, the donors at the Tokyo conference pledged an additional $16 billion in
civilian aid through 2015. Despite this help, the Government of Afghanistan
will need to overcome a number of challenges, including low revenue collection,
anemic job creation, high levels of corruption, weak government capacity, and
poor public infrastructure.
Source
: CIA
Name of
Company: NST Nasrat Ltd
Headquarter
Address: Mevakhan Building Office No. 3,
Ansari Shahrinav Kabul, Afghanistan
Tel: +932
43247274969
E-mail: nest.nasrat@yahoo.com
Website: -
Legal Form:
Limited
Liability Company
Legal
Address: Mevakhan Building Office No. 3,
Ansari Shahrinav Kabul, Afghanistan
License No:
D-7596
Registration
Date: 15/08/2005
Capital: 260,000.00
AFN
Registration:
Kabul
·
Mr. Rizwan Munir – 50%
Mr. Nasrat Sadiq – 50%
The subject
is involved in general trading in all kinds of products particular in
machineries and raw materials.
T.L/E No. 9781/1 Alkozai Market, Kabul, Afghanistan
-Mr. Rizwan Munir –Chairman
(
Nationality: Afghani- Place of his birth: Afghanistan- Age: 45)
-Mr. Nasrat
Sadiq – CEO
(
Nationality: Afghani- Place of his birth: Afghanistan- Age: 48)
-Mohammed
Khan- Director
(
Nationality: Afghani- Place of his birth: Afghanistan- Age: 45)
-Foad
Rahimi- Manager
(
Nationality: Afghani- Place of his birth: Afghanistan- Age: 30)
Import & Export
Import
from: Iran, UAE, India, Jordan
Import
term: L/C
In the
interview with Mr. Mohammed Khan- 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.61.99 |
|
UK Pound |
1 |
Rs.101.37 |
|
Euro |
1 |
Rs.84.82 |
INFORMATION DETAILS
|
Report
Prepared by : |
MNL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.