­MIRA INFORM REPORT

 

 

Report No. :

356562

Report Date :

29.12.2015

 

IDENTIFICATION DETAILS

 

Name :

KHALIL INSAF CO LTD

 

 

Registered Office :

Nawi Sarak, Nahi 2 Chowk, Kandahar

 

 

Country :

Afghanistan

 

 

Date of Incorporation :

18.06.2013

 

 

Legal Form :

Foreign Company

 

 

Line of Business :

Supplier of all kinds of products based on the demands of its clients such as computers, foodstuffs, machineries, raw materials

 

 

No. of Employee :

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

 

 

Payment Behaviour :

Unknown

 

 

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

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 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

 

Name of Company and address

 

KHALIL INSAF CO LTD

 

Company acronym: -

Headquarter Address:    Nawi Sarak, Nahi 2 Chowk, Kandahar, Afghanistan

Tel:                               +93 777 12209

 E-mail:                         khalilinsaf@msn.com

Website:                       -

 

      

Reg Details

 

Legal Form:                  FOREIGN COMPANY

Legal Address:              Nawi Sarak, Nahi 2 Chowk, Kandahar, Afghanistan

License No:                   7501

Registration Date:         18/06/2013

Capital:                         100,000 AFN

Registration:                 Kandahar

 

 

Shareholders

 

Khalil Insaf Company ( Pakistani) – 100% Shares

 

 

Activation

 

Supplier of all kinds of products based on the demands of its clients such as computers, foodstuffs, machineries, raw materials.

 

 

Branches

 

No Branch

 

 

Directors

 

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)

 

Mr. Hezargol Nour- Manager

( Nationality: Afghani-    Place of his birth: Afghanistan- Age: 34)

 

 

Import & Export

 

Import from: India

Import term: L/C

 

 

Affiliates

 

Ahmad Nazif Trading Co- Afghanistan

 

 

Interviews

 

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.66.14

UK Pound

1

Rs.98.69

Euro

1

Rs.72.55

AFN

1

Rs. 0.96

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

KAS

 

 

Report Prepared by :

ASH

 

 

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.