MIRA INFORM REPORT

 

 

Report Date :

30.03.2013

 

IDENTIFICATION DETAILS

 

Name :

ASTER INFRASTRUCTURE SERVICES LIMITED

 

 

Registered Office :

193, Near Naderia High School, Karte Parwan, Kabul

 

 

Country :

Afghanistan

 

 

Date of Incorporation :

02.05.2004

 

 

Legal Form :

Foreign Company

 

 

Line of Business :

Provider of solutions in Telecom and associated fields

 

 

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 :

Slow but Correct

 

 

Litigation :

Unknown 

 

 

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 – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

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 2016. 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

Contact details

 

Name of Company:       Aster Infrastructure Services Limited

Company acronym:       AISL

Headquarter Address:  193, Near Naderia High School,
                                   Karte Parwan, Kabul,
                                   Afghanistan

Tel:                               +93 777 12860 / +93 70010741/ +93 777127887

 E-mail:                         info@asterinfra.com / madhu@atspl.com

Website:                       www.aster-af.com/

 

      

Reg. Details

 

Legal Form:                  FOREIGN COMPANY

Legal Address:              193, Near Naderia High School,
                                   Karte Parwan, Kabul,
                                    Afghanistan

License No:                   I-10297

Registration Date:         02/05/2004

Capital:                         12,600,000.00 AFN

Registration:                 Kabul

 

 

Shareholders

 

Parent Co:

Aster Private Limited
E-67, 4th Crescent Road, Sainikpuri,
Hyderabad, India - 500 094

Tel : +91 (0) 40 2711 1199
Fax: +91 (0) 40 2711 0535

 

 

Activation

 

Provider of solutions in Telecom and associated fields.

 

 

Branches

 

House No. 71/8, Street No. 2, beside Daramsala Kart-E-Parwan, Kabul Afghanistan

Directors

 

-          Mr. Ameen Thamer  –Executive Director

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

 

-          Mr. Zuhair Alshagra – Director

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

 

-          Mr. Bilal Mahdi- Director

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

-          Mr. Aziz Aslan- Administrator

( Nationality: Afghani- Place of his birth: Afghanistan- Age: 32)

 

 

Import & Export

 

Import from: India

Import term: L/C

 

 

Affiliates

 

Aster Private Limited

LOB - 6G/19, PO BOX No: 42800, Hamriyah Free Zone

Sharjah

- 42800

United Arab Emirates

 

 

Interviews

 

-          In the interview with Mr. Bilal Mahdi - Director, he refused to cooperate with us.

-          Note: the address which you provided is the branch address of the company.

 

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.54.39

UK Pound

1

Rs.82.32

Euro

1

Rs.69.54

 

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%)

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.