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MIRA INFORM REPORT
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Report No. : |
495263 |
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Report Date : |
09.03.2018 |
IDENTIFICATION DETAILS
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Name : |
NEDA TELECOMMUNICATION |
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Registered Office : |
House No: 09, Malikyar Street, Shahr-e-Now, Kabul |
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Country : |
Afghanistan |
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Date of Incorporation : |
11.06.2013 |
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Com. Reg. No.: |
60964 |
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Legal Form : |
Limited Liability Co |
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Line of Business : |
The subject provided WiMAX VSAT wireless-broadband Internet-Access
CDMA, Fiber Optic Accessories, Telecommunications |
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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 company financials, no credit limit could be recommended.
Company
name and address
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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 |
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
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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 WiMAX VSAT wireless-broadband
Internet-Access CDMA, Fiber Optic Accessories, Telecommunications |
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Company Overview / Historical Events |
The subject Founded in 2003 as the first licensed ISP
in Afghanistan, starting with dial-up and moving swiftly into wireless
broadband services. The subject is the preferred ISP for most of the Banks
and Ministries in Kabul, a fact that confirms the reliability of our service. They have 3 World Class satellite earth station facilities
in Kabul, Jalalabad and Mazar-i-Sharif connected to one of the world's most
modern and well developed satellite platforms. Throughout the provinces and other urban centers of
Afghanistan they offer VSAT services on 5 satellites and all 3 of the most
widely used VSAT hardware platforms, Hughes's Directway system, Viasat's
Linkstar system and the most popular and widely available VSAT system in
today's market iDirect Technologies 3000 Series. Subject has partnered in an iDirect hub situated in Turin,
Italy and formed close partnerships with satellite operators offering
different technologies on different satellites in order to give customers a
wider choice of product |
SPECIFIC
NAMES OF PRODUCTS /SERVICES
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Activity (M, I, E, T, S) |
Detailed Products |
Note:
(M) Manufacture; (T) Trader; (I) Importer; (E) Exporter; (S) Service
CAPITAL
STRUCTURE
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Authorized Capital |
72,000,000 AFN |
No. of Shares |
72,000 |
Share Value : |
1,000 |
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Paid-up Capital |
72,000,000 AFN |
No. of Shares |
72,000 |
Share Value : |
1,000 |
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Date of latest increase |
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MANAGEMENT
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First name |
Ahmad Humayoon |
Last Name |
Forgh |
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:+93799304304 |
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First name |
Cecil James |
Last Name |
Richard |
Age |
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Nationality |
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Job Description |
Vice President |
Sex |
Male |
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Department |
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Email address |
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Other details |
Mobile:+93775718386 |
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First name |
Seyed |
Last Name |
Homayon |
Age |
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Nationality |
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Job Description |
Manager |
Sex |
Male |
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Department |
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Email address |
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Other details |
Mobile:+93 799338060 |
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MAJOR
SHAREHOLDERS
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Names of Shareholders |
% of Shares |
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Ahmad Humayoon Forgh |
50% |
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Cecil James Richard Miafaghir Tayebzadeh |
40% 10% |
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BANK DETAILS
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Bank Name : |
New Kabul Bank |
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Bank Address : |
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 |
Customer Support 24/7 +93(0)778 885888 +93(0)776 843051 support@neda.af HotSpot Support +93(0)776 843014 hotspot@neda.af Reporter Comment Date:
07/03/2018 Name/Title: Mr jamshid /sales manager Subject has confirmed the general details provided in the report. |
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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NIY |
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Report Prepared
by : |
DNS |
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
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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
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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.