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Report No. : |
355753 |
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Report Date : |
22.12.2015 |
IDENTIFICATION DETAILS
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Name : |
KANDA FRUIT
PROCESS COMPANY |
|
|
|
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Registered Office : |
Lot #2&10,
Shorhandam Industrial Park Kandahar |
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|
|
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Country : |
Afghanistan |
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Date of Incorporation : |
15.07.2000 |
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|
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Legal Form : |
Limited Liability Company
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Line of Business : |
Production and marketing mainly export of top quality
fresh and processing fruits & vegetable and a variety of dry fruits to
global markets. |
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|
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No. of Employee : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
|
High |
B2 |
|
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 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 affect 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 |
CONTACT DETAILS
Name of Company: KANDA FRUIT PROCESS
COMPANY
Company
acronym:
Headquarter Address: LOT #2&10, SHORHANDAM INDUSTRIAL PARK
KANDAHAR
Tel: +93 798200003 / 780011233
Fax: +93 798200004
E-mail: info@kandafruit.af
Website: www.kandafruit.af
REG DETAILS
Legal Form: Limited
Liability Company
Legal Address: LOT #2&10, SHORHANDAM INDUSTRIAL PARK KANDAHAR
License No: D-77487
Registration Date: 15/07/2000
Capital: 100,000
AFN
Registration: Kabul
No Data
Production and marketing mainly export of top quality fresh
and processing fruits & vegetable and a variety of dry fruits to global
markets.
Kabul,
Afghanistan
Saduddin,
Afghanistan
Tel:+ 93
700308452 / 799454343
Maharashtra,
India
Tel: +91
9711238799
Dubai, UAE
Tel: +971
509152772
-
Mr. Muhammad Nabizada- Manager
( Nationality: Afghani- Place of his birth: Afghanistan- Age: 42)
-
Mr. Ahmad Kazem – Manager
( Nationality: Afghani- Place of his birth: Afghanistan- Age: 33)
-
Mr. Zubair Jalil- Office Manager
( Nationality: Afghani- Place of his birth: Afghanistan- Age: 26)
Import & Export from/to: India
Import term: L/C
No Related Companies.
In the interview with Mr. Muhammad Nabizada- Manager, he confirmed it.
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.66.32 |
|
|
1 |
Rs.98.99 |
|
Euro |
1 |
Rs.72.13 |
|
AFN |
1 |
Rs.0.015 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
HNA |
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|
|
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Report Prepared
by : |
ANK |
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.