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MIRA INFORM REPORT
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Report No. : |
495259 |
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Report Date : |
09.03.2018 |
IDENTIFICATION DETAILS
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Name : |
ESER NABI ZADA CONSTRUCTION AND ROAD BUILDING CO |
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Registered Office : |
Karte 4, Opposite of Bohenton Davat, Kabul |
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Country : |
Afghanistan |
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Date of Incorporation : |
26.05.2013 |
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Com. Reg. No.: |
60395 |
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Legal Form : |
Limited Liability Co |
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Line of Business : |
The subject provided
in Construction, Cement, Metals |
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No. of Employees : |
+100 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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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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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
AFGHANISTAN - ECONOMIC OVERVIEW
Afghanistan is gradually recovering from decades of conflict. Before 2014, the economy had sustained nearly a decade of strong growth, largely because of international assistance. Since 2014, however, the economy has slowed, in large part because of the withdrawal of nearly 100,000 foreign troops that had artificially inflated the country’s economic growth. Despite improvements in life expectancy, incomes, and literacy since 2001, 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. Corruption, 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 $83 billion at ten donors' conferences between 2003 and 2016. In October 2016, the donors at the Brussels conference pledged an additional $3.8 billion in development aid annually from 2017 to 2020. 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.
In 2017 Afghanistan's growth rate was only marginally above that of the 2014-2016 average. The drawdown of international security forces that started in 2012 has negatively affected economic growth, as a substantial portion of commerce, especially in the services sector, has catered to the ongoing international troop presence in the country. Afghan President Ashraf GHANI Ahmadzai is dedicated to instituting economic reforms to include improving revenue collection and fighting corruption. However, the reforms will take time to implement and Afghanistan will remain dependent on international donor support over the next several years.
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Source
: CIA |
NOTE
In absence of financials, no credit limit could be recommended.
Company
summery
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Company Name
(legal name) |
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Other
business name used |
ESER NABIZADA CONSTRUCTION AND ROAD BUILDING CO |
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Business
Address |
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Tel No |
+93 793102015 +93 708131200 |
Fax No |
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E-mail |
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Website |
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Location : |
Owned |
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Rented |
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Leased |
Area |
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Sq. ft. |
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Type of Office : |
Commercial Office Bldg |
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Semi-commercial office Bldg |
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Bank |
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Industrial Park |
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Business Center |
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Home Office |
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Residential Bldg |
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Factory
Address |
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Tel No |
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Fax No |
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Owned |
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Rented |
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Leased |
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Area |
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Sq. ft. |
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No. of Employees : |
In Office : |
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In Factory : |
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In Branch : |
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Total : |
+100 |
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Main Products
& Services |
The subject
provided in Construction, Cement, Metals |
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Company
Overview / Historical Events |
The subject
is a joint venture company, established on 2003, registered with AISA. |
SPECIFIC
NAMES OF PRODUCTS /SERVICES
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Activity (M,
I, E, T, S) |
Detailed
Products |
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Construction/Cement/Metals |
Note: (M) Manufacture; (T) Trader; (I) Importer; (E) Exporter; (S)
Service
CAPITAL
STRUCTURE
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Authorized Capital |
42,000,000 AFN |
No. of Shares |
42,000 |
Share Value : |
1,000 |
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Paid-up Capital |
42,000,000 AFN |
No. of Shares |
42,000 |
Share Value : |
1,000 |
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Date of latest increase |
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MANAGEMENT
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First name |
Mohammad |
Last Name |
Anwari |
Age |
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Nationality |
Afghan |
Job
Description |
President |
Sex |
Male |
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Department |
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Email address |
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Other details |
Mobile:+93777000012 |
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First name |
Elham |
Last Name |
Oglu |
Age |
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Nationality |
Turkish |
Job
Description |
Vice
President |
Sex |
Female |
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Department |
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Email address |
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Other details |
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First name |
Zabihullah |
Last Name |
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Age |
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Nationality |
Afghan |
Job Description |
Manager |
Sex |
Male
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Department |
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Email address |
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Other details |
Mobile:+93793102015 |
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First name |
Ahmad |
Last Name |
Afridi |
Age |
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Nationality |
Afghan |
Job Description |
Finance Manager |
Sex |
Male |
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Department |
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Email address |
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Other details |
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MAJOR
SHAREHOLDERS
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Names of Shareholders |
No. of Shares |
Amount of shares |
% of Shares |
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Mohammad Anwari Elham Oglu Kamaleddin Nabi Zadeh |
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50% 40% 10% |
Detailed Data
TRADE REFERENCE
AND RELATED PARTIES
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IMPORT AGENCIES
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FINANCIAL
SUMMARY
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BANK DETAILS
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Bank Name : |
Afghanistan
International Bank |
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Bank Address
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Kabul,
Afghanistan |
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Bank Account
No: |
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Bank Name : |
Banke Millie
Afghan |
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Bank Address
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Kabul,
Afghanistan |
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Bank Account
No: |
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Payment Details: |
Unknown |
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ADDITIONAL
INFORMATION |
Name/Title: The subject
refused us |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.92 |
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1 |
INR 90.23 |
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Euro |
1 |
INR 80.54 |
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AFN |
1 |
INR 0.94 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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NIY |
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Report Prepared
by : |
TRU |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
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Promoters
/ Management background
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Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.