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MIRA INFORM REPORT
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Report No. : |
495237 |
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Report Date : |
09.03.2018 |
IDENTIFICATION DETAILS
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Name : |
KAMAL NABIZADA GROUP |
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Registered Office : |
St #15, Wazir Akbar Khan ,Kabul, |
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Country : |
Afghanistan |
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Date of Incorporation : |
08.12.2002 |
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Com. Reg. No.: |
D-38-56 |
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Legal Form : |
Organization |
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Line of Business : |
The Organizations are working in fields of Construction, Logistics and
Technologies. |
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No. of Employees : |
50 |
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 name and address
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Company Name
(legal name) |
KAMAL NABIZADA GROUP |
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Business
Address |
St #15, Wazir Akbar Khan ,Kabul, Afghanistan |
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Tel No |
+93 793 888
999 |
Fax No |
+93 |
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E-mail |
info@nabizadagroup.com |
Website |
http://nabizadagropu.comn |
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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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Owned |
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Rented |
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Leased |
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Area |
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Sq. ft. |
Chamber of
Commerce: (D30908)
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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 : |
50 |
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Main Products
& Services |
Nabi Zada Group
of Companies is Non-Governmental and Non-political Organization which has
been working along with, Nabi Zada Wardak Construction, Nabi Zada Ltd, High
Speed Technologies and Nabi Zada since their establishment from 2002 which
the Organizations are working in fields of Construction, Logistics and
Technologies and since the Organization expanded widely. So (Nabi Zada
Group of Companies) wanted to function on three separate fields ,therefore, the
Company started functioning on its own in three fields during 2005 and the
Company possesses legal authority and permit or the company is licensed under
Ministry of Commerce with the business license(D-38-56)(14597)(D30908) which
provides services to Governmental, Local and National and International
Organizations with any location across the World. Consequently, the Company
aims to facilitate, Transportation Services, Logistics & Equipment
Supply, and Constructions throughout Afghanistan. |
SPECIFIC NAMES OF PRODUCTS /SERVICES
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Activity (M,
I, E, T, S) |
Detailed
Products |
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General Trading |
Note: (M) Manufacture; (T) Trader; (I) Importer; (E)
Exporter; (S) Service
CAPITAL
STRUCTURE
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Authorized Capital |
20,000,000 AFN |
No. of Shares |
20,000 |
Share Value : |
1,000 |
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Paid-up Capital |
20,000,000 AFN |
No. of Shares |
20,000 |
Share Value : |
1,000 |
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Date of latest increase |
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MANAGEMENT
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First name |
Kamal |
Last Name |
Nabizada |
Age |
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Nationality |
Afghan |
Job
Description |
Director |
Sex |
Male |
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Department |
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Email address |
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Other details |
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First name |
Ahmad |
Last Name |
Nazhand |
Age |
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Nationality |
Afghan |
Job
Description |
General Admin
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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Kamal
Nabizada |
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100% |
Detailed Data
TRADE REFERENCE
AND RELATED PARTIES
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Subsidiaries
(*) |
1.Nabi Zada
Wardak Construction 2.Nabi Zada Ltd 3.High Speed
Technologies and Nabi Zada |
IMPORT AGENCIES
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FINANCIAL
SUMMARY
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YEAR |
SALES |
ASSETS |
PROFIT |
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2006 |
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2005 |
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2004 |
Note:
If detailed balance sheet and income
statement is available please scan the document and email as PDF.
BANK DETAILS
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Bank Name : |
New Kabul
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 : |
National Bank
of Afghanistan |
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Bank Address : |
Kabul,
Afghanistan |
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Bank Account
No: |
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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 90.22 |
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Euro |
1 |
INR 80.54 |
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AFN |
1 |
INR 0.93 |
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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PRI |
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Report Prepared
by : |
POJ |
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
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Litigation
against the subject
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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.