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Report Date : |
02.10.2014 |
IDENTIFICATION DETAILS
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Name : |
KHALIL INSAF CO LTD |
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Registered Office : |
Nawi Sarak, Nahi 2 Chowk, |
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Country : |
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Date of Incorporation : |
18.06.2013 |
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Legal Form : |
Forign Company |
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Line of Business : |
Supplier of all kinds of products based on the demands of
its clients such as computers, foodstuffs, machineries, raw materials |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New Business |
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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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 |
Name of
Company: Khalil Insaf Co Ltd
Company acronym: -
Headquarter
Address: Nawi Sarak,
Nahi 2 Chowk, Kandahar, Afghanistan
Tel: +93
777 12209
E-mail: khalilinsaf@msn.com
Legal Form: FORIGN
COMPANY
Legal Address: Nawi
Sarak, Nahi 2 Chowk, Kandahar, Afghanistan
License No: 7501
Registration Date: 18/06/2013
Capital: 120,000 AFN
Registration: Kandahar
Khalil Insaf Company (
Pakistani) – 100% Shares
Supplier of all kinds of products based on the demands of
its clients such as computers, foodstuffs, machineries, raw materials, and etc.
No Branch
Mr. Sadiq Kamwal –Executive Director
( Nationality: Pakistani - Place of his birth: Pakistan- Age: 35)
Mr. Khalil Insaf – General Director
( Nationality: Pakistani - Place of his birth: Pakistan - Age: 45)
Mr. Aziz Noor- Manager
( Nationality: Afghani- Place of his birth: Afghanistan- Age: 30)
Import from: India
Import term: L/C
No Related Companies
In the interview with Mr. Aziz Noor- Manager , 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:
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.61.75 |
|
UK Pound |
1 |
Rs.100.07 |
|
Euro |
1 |
Rs.77.95 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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Report Prepared
by : |
SHG |
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 |
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|
-- |
NB |
New Business |
-- |
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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.