MIRA
INFORM REPORT
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Report Date : |
13.08.2007 |
IDENTIFICATION DETAILS
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Name : |
ERDAL TEKSTIL SANAYI VE TICARET LTD. STI. |
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Registered Office : |
Merkez Mah. Mithatpasa Cad. |
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Country : |
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Date of Incorporation : |
16.02.1995 |
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Com. Reg. No.: |
327001 |
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Legal Form : |
Limited Company |
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Line of Business : |
Trade of fabric. |
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 : |
Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
COMPANY
IDENTIFICATION
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NAME |
: |
ERDAL TEKSTIL SANAYI VE TICARET LTD. STI. |
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ADDRESS |
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Head Office: Merkez Mah. Mithatpasa Cad. |
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PHONE NUMBER |
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90-212-552 73 86 90-212-639 56 92 |
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FAX NUMBER |
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90-212-551 52 90 |
LEGAL STATUS AND
HISTORY
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TAX OFFICE / NO |
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Yenibosna / 3430008287 |
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REGISTRATION NUMBER |
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327001 |
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REGISTERED OFFICE |
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DATE ESTABLISHED |
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16.02.1995 (Commercial Registry Gazette
Date/No: 15.03.1995 / 3745) |
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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 |
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YTL 30,000 |
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HISTORY |
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Previous Address |
: Cumhuriyet Mah. |
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Address Changed On |
: 06.09.2004
(Commercial Registry Gazette Date/No: 09.09.2004 / 6132) |
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Previous Shareholders |
: Feyzullah Binboga 60 % Yeter Binboga 40
% |
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Shareholders Changed On |
: 12.12.2006
(Commercial Registry Gazette Date/No: 15.12.2006 / 6705) |
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OWNERSHIP /
MANAGEMENT
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SHAREHOLDERS |
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Gulnur Binboga Yeter Binboga |
60 % 40 % |
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DIRECTOR |
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Gulnur Binboga |
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OPERATIONS
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BUSINESS
ACTIVITIES |
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Trade of fabric. The firm was dealing with manufacture of
fabric as well but it has stooped manufacturing one year ago. Now, the subject
orders fabric to be manufactured in the name of the subject company to
contract manufacturers. |
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SECTOR |
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Commerce |
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NUMBER OF
EMPLOYEES |
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7 |
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NET SALES |
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n.a. |
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In 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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IMPORT COUNTRIES |
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Yarn |
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MERCHANDISE
IMPORTED |
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EXPORT COUNTRIES |
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MERCHANDISE
EXPORTED |
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T-shirts, suits… |
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PREMISES |
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Head Office: Merkez Mah. Mithatpasa Cad. |
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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
CREDIT OPINION WITHOUT OBLIGATION : 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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(2006) |
11.58 % |
1.4309 |
1.7987 |
2.6377 |
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(1.1.-31.07.2007) |
3,05 % |
1.3633 |
1.8196 |
2.6989 |
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. |
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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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)