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Report No. : |
325094 |
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Report Date : |
11.06.2015 |
IDENTIFICATION DETAILS
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Name : |
AHMAD AFGHAN LTD |
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Registered Office : |
No.102, Khogyani District, Nangarhar Province |
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Country : |
Afghanistan |
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Date of Incorporation : |
02.05.2004 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Subject is supplier of black tea and rice |
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No. of Employee : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
License Expired |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
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 |
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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 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: AHMAD AFGHAN LTD
Company acronym: -
Headquarter Address: No.102, Khogyani District, Nangarhar Province,
Afghanistan
Tel: +93 700312821
E-mail: ahmadafghan@msn.com Website: -
Legal Form: Limited
Liability Company
Legal Address: No.102,
Khogyani District, Nangarhar Province, Afghanistan
License No: D-04-660
Registration Date: 02/05/2004
Capital: 14,000,000.00
AFN
Registration: Nangarhar
Status: The licence is Expired on 05/09/2012
|
Shareholder Names |
Share% |
|
Ahmad Afghan |
100% |
Supplier of black tea and rice.
Floor 1, Roufi Plaza,
Kabul, Afghanistan
Mr. Ahmad Afghan –Managing Director
( Nationality: Afghani- Place of his birth: Afghanistan-
Age: 40)
Mr. Muhammad
Prizade – Manager
( Nationality: Afghani- Place of his birth: Afghanistan-
Age: 23)
Mr. Habibullah Rasheed- Manager
( Nationality: Afghani- Place of his birth: Afghanistan-
Age: 26)
Import from: Kenya, India
Import term: L/C
No Data
In the interview with Mr. Ahmad Afghan – Managing
Director, he refused to cooperate with us.
The company is active, but legally the license of the
company was expired in 2012.
The company being investigated is considered by local
reporters to be a High. Trade Risk and to be securd.
All of the owners / shareholders have an active
participation in the running of the business.
Old business
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.88 |
|
|
1 |
Rs.98.47 |
|
Euro |
1 |
Rs.72.15 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
ASH |
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 |
|
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.