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Report No. : |
336858 |
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Report Date : |
24.08.2015 |
IDENTIFICATION DETAILS
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Name : |
NEW KHALID KARWAN LTD |
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|
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Registered Office : |
No.14, Sham Bazar Ziayi Market, Kandhar |
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|
|
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Country : |
Afghanistan |
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Date of Incorporation : |
01.05.2010 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Supplier of construction materials, and all kinds of products based on
the demands of its clients. |
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|
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|
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 |
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|
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Afghanistan |
C2 |
C2 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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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 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 2014. Newly elected President
Ashraf GHANI is dedicated to instituting economic reforms. However, the
drawdown of international security forces that occurred in 2014 will negatively
effect economic growth, as a substantial portion of commerce, especially in the
services sector, has catered to the ongoing international troop presence in the
country.
|
Source
: CIA |
Name of Company: New Khalid Karwan
Ltd
Company acronym: NKK
Headquarter Address: No.14, Sham Bazar Ziayi Market, Kandhar, Afghanistan
Tel:
+93 777
32018
E-mail: newkhalid@msn.com
Website: -
Legal Form: Limited
Liability Company
Legal Address: No.14, Sham Bazar Ziayi Market,
Kandhar, Afghanistan
License No: 12597
Registration Date: 01/05/2010
Capital: 60,000 AFN
Registration: Kandehar
Khalid Karwan: 100%
as owner
Supplier of construction materials, and all kinds of products based on
the demands of its clients.
No Data
-
Mr. Khalid Karwan –Executive Director
(
Nationality: Afghani- Place of his birth: Afghanistan- Age: 36)
-
Mr. Muahammad Iyer –
Director
(
Nationality: Afghani- Place of his birth: Afghanistan- Age: 30)
-
Mr. Shafiq Baqi- Director
(
Nationality: Afghani- Place of his birth: Afghanistan- Age: 25)
Import from: India
Import term: L/C
|
Kazem Tarding
Co |
|
Kandehar,
Afghanistan |
-
In the interview with Mr.
Shafiq Baqi - 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:
All of the owners / shareholders have an
active participation in the running of the business.
Age of Business: Under 5 Year
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.83 |
|
|
1 |
Rs.103.39 |
|
Euro |
1 |
Rs.74.27 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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|
|
|
Report Prepared
by : |
NIT |
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.