MIRA
INFORM REPORT
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Report Date : |
7th
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
ALTI
GECITLER ITHALAT IHRACAT GIDA TURIZM NAKLIYAT SANAYI VE TICARET LTD.STI |
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Registered Office : |
Rifki
Baskaya Cad. TSO Hizmet Binasi Kat 3 No: 6 Dogubeyazit Agri / Turkey |
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Country : |
Turkey |
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Date of Incorporation : |
28.09.2005 |
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Com. Reg. No.: |
1334 |
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Legal Form : |
Limited
Company |
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Line of Business : |
Traders
of food products and giftware. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown
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Litigation : |
Clear |
COMPANY IDENTIFICATION
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NAME |
: |
ALTI GECITLER ITHALAT IHRACAT GIDA TURIZM NAKLIYAT SANAYI VE TICARET
LTD.STI |
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ADDRESS |
: |
Head Office: Rifki Baskaya Cad. TSO Hizmet Binasi Kat 3 No: 6
Dogubeyazit Agri / Turkey |
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PHONE NUMBER |
: |
90-472-312 64 39 |
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FAX NUMBER |
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90-472-312 39 47 |
LEGAL STATUS AND HISTORY
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TAX OFFICE / NO |
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Dogubeyazit / 0600306145 |
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REGISTRATION NUMBER |
: |
1334 |
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REGISTERED OFFICE |
: |
Dogubeyazit Chamber of Commerce |
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DATE ESTABLISHED |
: |
28.09.2005 (Commercial Registry Gazette Date/No: 05.10.2005 / 6404) |
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LEGAL FORM |
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Limited Company |
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TYPE OF COMPANY |
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Private |
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REGISTERED CAPITAL |
: |
YTL 50,000 |
OWNERSHIP / MANAGEMENT
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SHAREHOLDERS |
: |
Muhsin Gecit Huseyin Gecit |
98 % 2 % |
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SISTER COMPANIES |
: |
Declared to be: None |
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GROUP PARENT COMPANY |
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None |
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SUBSIDIARIES |
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None |
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DIRECTORS |
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Muhsin Gecit |
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OPERATIONS
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BUSINESS ACTIVITIES |
: |
Trade of food products and giftware. |
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SECTOR |
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Commerce |
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NUMBER OF EMPLOYEES |
: |
The subject has no employee. Operations are carried out by
shareholders. |
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NET SALES |
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n.a |
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In
Turkey, there is no public registry on companies’ financial and detailed
general data. So, to collect a firm’s data, an information agency has to
contact the company and get its authorization. However
the company strictly declines to give us an authorization to gather its
financial data. As the firm’s shares are not open to public it is not obliged
to announce its data. |
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CAPACITY |
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None |
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PRODUCTION |
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None |
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IMPORT COUNTRIES |
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United Arab Emirates, Sri Lanka, Iran… |
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MERCHANDISE IMPORTED |
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Food products, giftware |
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EXPORT COUNTRIES |
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Azerbaijan |
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MERCHANDISE EXPORTED |
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Onions, shallots.. |
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PREMISES |
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Head Office: Rifki Baskaya Cad. TSO Hizmet Binasi Kat 3 No: 6
Dogubeyazit Agri |
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TREND OF BUSINESS |
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Undetermined,
the subject is a young company |
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COMMERCIAL
MORALITY |
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Good |
FINANCE
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MAIN DEALING BANKERS |
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Turkiye Is Bankasi Dogubeyazit branch in Agri |
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PAYMENT BEHAVIOUR |
: |
No complaints have been heard regarding payments from the bank. According
to the official registries since its establishment on 28.09.2005 until
15.04.2006, there are no protested bills and non-paid cheques registered in
the name of “Alti Gecitler” |
COMMENT ON FINANCIAL POSITION
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GENERAL FINANCIAL POSITION |
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Undetermined;
the firm declines to give us an authorization to gather its financial data. As the shares of the firm are not open to
public, it is not obliged to announce its data. |
CREDIT OPINION
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PROPOSED CREDIT AMOUNT |
: |
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OUR RATING OPINION |
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B |
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CREDIT OPINION WITHOUT OBLIGATION |
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We are of the opinion that,
the subject is suitable for dealing on secured terms for any amount of
business in view of the low amount of capital of the firm and the lack of
detailed financial data. |
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|
Incr. in producers’ price index |
Average YTL/$ |
Average YTL/EUR |
Average YTL/GBP |
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(2005) |
2.66 % |
1.3499 |
1.6882 |
2.4623 |
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(1.1.-31.05.2006) |
7.36 % |
1.3682 |
1.6722 |
2.4320 |
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |