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Report No. : |
313761 |
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Report Date : |
26.03.2015 |
IDENTIFICATION DETAILS
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Name : |
BAIS NOORI LIMITED |
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Registered Office : |
No. 154, Ansar Business Center, Kandehar |
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Country : |
Afghanistan |
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Date of Incorporation : |
25.08.2008 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Importer of foodstuffs |
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No of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
Moderate |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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Afghanistan |
C2 |
C2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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.
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Source
: CIA |
Name of Company: Bais Noori Limited
Company acronym:-
Headquarter Address: No. 154, Ansar Business Center, Kandehar,
Afghanistan
Tel:
+93
798000566
E-mail: baisnoori@msn.com
Website:
-
Legal Form: LIMITED
LIABILITY COMPANY
Legal Address: No. 154, Ansar Business Center, Kandehar,
Afghanistan
License No: 51021
Registration Date: 25/08/2008
Capital: 200,000
AFN
Registration: Kandehar
It declined.
Importer of foodstuffs.
No Branch
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Mr. Akbar Uloomi –Director
( Nationality: Afghani- Place of his birth: Afghanistan-
Age: 30)
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Mr. Yousaf Farhat Khan –
Director
( Nationality: Afghani- Place of his birth: Afghanistan-
Age: 26)
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Mr. Ejaz Seddiqi- Director
( Nationality: Afghani- Place of his birth: Afghanistan-
Age: 35)
Import from: India
Import term: L/C
Narayan Agro Foods Ltd
Afghanistan
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In the interview with Mr.
Ejaz Seddiqi - Director, he refused to cooperate with us.
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Note: 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:
Some 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. 62.34 |
|
|
1 |
Rs. 92.64 |
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Euro |
1 |
Rs. 68.12 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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Report Prepared
by : |
DPT |
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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.