|
Report Date : |
09.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
ABDUL WAHAB LTD |
|
|
|
|
Registered Office : |
No.152, Shahre Naw St, Kandahar |
|
|
|
|
Country : |
Afghanistan |
|
|
|
|
Date of Incorporation : |
16.05.2010 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Supplier of industrial machineries, textiles, and food stuffs. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Afghanistan |
C2 |
C2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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. Afghanistan's growth rate slowed markedly in 2013.
|
Source
: CIA |
Name of Company: ABDUL WAHAB LTD
Company acronym: -
Headquarter Address: No.152,
Shahre Naw St, Kandahar, Afghanistan
Tel: +93
777 12598
E-mail: abdulwahab@msn.com
Website: -
Legal Form: Limited
Liability Company
Legal Address: No.152, Shahre Naw St, Kandahar, Afghanistan
License No: D-1569
Registration Date: 16/05/2010
Capital: 5,000,000 AFN
Registration: Kandahar
|
Shareholder Names |
Share% |
|
Abdul Wahab Family |
100% |
Supplier of industrial machineries, textiles, and food stuffs.
No Branch
Mr. Abdul Wahab –Managing Director & Chairman
( Nationality: Afghani- Place of his birth: Afghanistan- Age: 46)
Mr. Sharif Arman – Director
( Nationality: Afghani- Place of his birth: Afghanistan- Age: 32)
Mr. Naqib Aslami- Director
( Nationality: Afghani- Place of his birth: Afghanistan- Age: 33)
Import from: India
Import term: L/C
No Related company
·
In the interview with Abdul Wahab - Managing Director, he refused
to cooperate with us.
·
The company is not known on Afghanistan market.
Local Reputation:
The company being investigated is considered by local reporters to be a
High Trade Risk and to be secured.
Owner/Shareholders Comments:
Some 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.59.20 |
|
|
1 |
Rs.99.52 |
|
Euro |
1 |
Rs.80.83 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NNA |
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.