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Report Date : |
28.11.2014 |
IDENTIFICATION DETAILS
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Name : |
AFGHAN MAIWAND SECURITY SERVICE |
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Registered Office : |
Substation Chimtala, Shahrak-e-Telaee, District 17, House #37 |
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Country : |
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Date of Incorporation : |
21.07.2008 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Provider of Security Services |
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No of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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C2 |
C2 |
|
Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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. Afghanistan's growth rate slowed markedly in 2013.
|
Source
: CIA |
In absence of financials, no credit limit could be recommended.
Name of Company: AFGHAN MAIWAND
SECURITY SERVICE
Company acronym: AMSS
Headquarter Address: Substation Chimtala, Shahrak-e-Telaee, District
17, House #37 Kabul, Afghanistan
Tel: +93 700 000 860 / 700 300783
E-mail: info@amss.com.af / afsecom@yahoo.com
Website: www.amss.com.af
Legal Form: Limited
Liability Company
Legal Address: House 37, Street 10, Wazir Akbar Kahn, District 10
Kabul,
Afghanistan
License No: D-31327
Registration Date: 21/07/2008
Capital: 20,000,000.00
AFN
Registration: Kabul
--
Provider of security services
Clients: Azizi Bank, Bakhtar Bank
Darulaman Rd, Karta-e-She, Street 14, District 6, House 759, Kabul,
Afghanistan
Mr. Khalil Ahmad Maqsoodi –Managing Director
Mr. Raymond Cairns – Security Manager
Mr. Francois Gibbens- Project Manager
Import from: NONE
Import term:
|
Arghand Bershna Risk Management Company Afghanistan |
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In the interview with Mr. Raymond
Cairns- Director, he refused to cooperate with us.
The company being investigated is considered by local reporters to be a
Medium
Trade Risk and to be fair.
All of the owners / shareholders have an active participation in the
running of the business.
Old business
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.87 |
|
|
1 |
Rs.97.69 |
|
Euro |
1 |
Rs.77.37 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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.