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Report Date : |
28.11.2014 |
IDENTIFICATION DETAILS
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Name : |
ARGHAND BRESHNA
RISK MANAGEMENT COMPANY |
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Registered Office : |
House # |
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Country : |
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Date of Incorporation : |
10.06.2003 |
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Legal Form : |
Limited
Liability Company |
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Line of Business : |
·
manufacturer of
military-grade combat boots designed for warm and cold weather conditions. ·
provider of combat
boots to the Afghan National Security Forces (ANSF), Afghan National Army
(ANA) and Afghan National Police (ANP). |
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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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Afghanistan |
C2 |
C2 |
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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 |
NOTE
In absence of financials, no credit limit could be recommended.
ARGHAND BRESHNA RISK MANAGEMENT COMPANY
ABRMC
House #141 Noor High School St, Near Istadgah e Akher, Kabul University
Kabul, University
Tel: +93 799 543365 / 787098321
/ 700844893 / 700000860 / 700300783
E-mail: ocafghanistan@gmail.com / oc_afg@yahoo.com / info@oc.af / khalilahmadmaqsoodi@amss.com.af
Website: www.abrmc.org
1.
Substation Chimtala Shahrak-e-Telaee 17 Kabul, Afghanistan
Legal Form: Limited Liability Company
Legal Address: House #141 Noor High School St, Near Istadgah e Akher, Kabul University
Kabul, University
License No: D-41845
Registration
Date:10/06/2003
Capital: 17,000,000.00 AFN
Registration: Kabul
No Data
·
manufacturer of
military-grade combat boots designed for warm and cold weather conditions.
·
provider of combat
boots to the Afghan National Security Forces (ANSF), Afghan National Army (ANA)
and Afghan National Police (ANP).
- Mr. Khalil Ahmad Maqsoodi –Executive
-
Mr.
Adnan Zaidi – Manager
-
Mr.
Anwar Iqbal- Manager
|
Oriental Consultants Company Afghanistan |
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Afghan Maiwand
Security
Afghanistan
In the interview with Mr. Adnan Zaidi - 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.61.87 |
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|
1 |
Rs.97.69 |
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Euro |
1 |
Rs.77.37 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
MNL |
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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<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.