|
Report No. : |
308063 |
|
Report Date : |
21.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
HAMIDZAY BROTHERS AFGHAN
SAFFRON LTD |
|
|
|
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Registered Office : |
No.74, Shaw – E- Now Chuck- E-Glha Herat |
|
|
|
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Country : |
Afghanistan |
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Date of Incorporation : |
15.07.2006 |
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|
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|
Legal Form : |
Limited Liability Company |
|
|
|
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LINE OF BUSINESS : |
PROCESSOR
AND PRODUCER OF SAFFRON. |
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|
|
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No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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|
|
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Payment Behaviour : |
Unknown |
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|
|
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 2013.
|
Source
: CIA |
Name of Company: Hamidzay Brothers
Afghan Saffron Ltd
Headquarter Address: No.74, Shaw – E- Now Chuck- E-Glha Herat, Afghanistan
Tel:
+93 799 209698
Fax: +93
040 226448
E-mail: info@saffron.af
Website: www.saffron.af
Legal Form: LIMITED
LIABILITY COMPANY
Legal Address: No.74, Shaw – E- Now
Chuck- E-Glha Herat, Afghanistan
License No: 25015
Registration Date: 15/07/2006
Capital: 4,700,000 AFN
Registration: Herat
Hamidzay family: 100% Share
Processor and producer of saffron.
Ghariban St, 64 Metra St,
District #5
Herat, Afghanistan
-
Mr. Ghaffar
Hamidzay –General Director
(
Nationality: Afghani- Place of his birth: Afghanistan- Age: 45)
-
Mr. Qudratullah Rahmati –
Director
(
Nationality: Afghani- Place of his birth: Afghanistan- Age: 40)
-
Mr. Barakatullah
Rahmati- Director
(
Nationality: Afghani- Place of his birth: Afghanistan- Age: 32)
Import from: India
Import term: L/C
Export to: Europe
Export term: L/C
Afghan Red Gold ( Saffron) Co
Afghanistan
-
In the interview with Mr. Barakatullah
Rahmati - 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.62.26 |
|
|
1 |
Rs.96.01 |
|
Euro |
1 |
Rs.70.72 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.