MIRA
INFORM REPORT
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Report Date : |
01.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
LOGUS ILAC SANAYI TICARET LTD. STI. |
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Registered Office : |
Tozkoparan Mah. General Ali Riza Gurcan Cd. Merter Is Merkezi Bagimsiz
Bolum No:2/2 Gungoren – Istanbul |
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Country : |
Turkey |
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Date of Incorporation : |
25.10.2004 |
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Com. Reg. No.: |
536243 |
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Legal Form : |
Limited Company |
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Line of Business : |
Wholesale trade of medicine |
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. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTE
The address stated at your inquiry is the former
address of the firm. The firm moved from “Nisanca Mah. Turkeli Cad. Nisanca Yokusu
Sk. No:1/3 D: 11 Eminonu – Istanbul” to “Tozkoparan Mah. General Ali Riza
Gurcan Cd. Merter Is Merkezi Bagimsiz Bolum No:2/2 Gungoren – Istanbul” on
31.10.2006.
COMPANY IDENTIFICATION
|
NAME |
: |
LOGUS ILAC SANAYI TICARET LTD. STI. |
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ADDRESS |
: |
Head Office: Tozkoparan Mah. General Ali
Riza Gurcan Cd. Merter Is Merkezi Bagimsiz Bolum No:2/2 Gungoren – Istanbul /
Turkey |
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PHONE NUMBER |
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90-212-481 57 55 |
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FAX NUMBER |
: |
90-212-481 61 11 |
LEGAL STATUS AND HISTORY
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TAX OFFICE / NO |
: |
Merter / 6090312168 |
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REGISTRATION NUMBER |
: |
536243 |
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REGISTERED OFFICE |
: |
Istanbul Chamber of Commerce |
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DATE ESTABLISHED |
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25.10.2004 (Commercial Registry Gazette Date/No:
28.10.2004 / 6167) |
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LEGAL FORM |
: |
Limited Company |
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TYPE OF COMPANY |
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Private |
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REGISTERED CAPITAL |
: |
YTL 400,000 |
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HISTORY |
: |
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Previous
Registered Capital |
: YTL 50,000 |
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Regist. Capital Changed on |
: 09.06.2006 (Commercial Registry Gazette
Date/No: 14.06.2006 / 6577) |
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Previous Address |
: Nisanca Mah. Turkeli Cad. Nisanca Yokusu
Sk. No:1/3 D: 11 Eminonu – Istanbul |
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Address Changed On |
: 31.10.2006 (Commercial Registry Gazette
Date/No: 03.11.2006 / 6675) |
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OWNERSHIP / MANAGEMENT
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SHAREHOLDERS |
: |
Mahmut Bilgic Ali Bilgic |
60 % |
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SISTER COMPANIES |
: |
-Basel Ilac Sanayi ve Ticaret A.S. -Novitas Ilac Sanayi Ticaret Ltd. Sti. -Ulm Ilac Sanayi Ticaret Ltd. Sti. -Opto Ilac Sanayi Ticaret Ltd. Sti. -Basel Kimyevi Maddeler ve Ilac Sanayi
Ticaret Ltd. Sti. -Vitalis Ilac Sanayi Ticaret Ltd. Sti |
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DIRECTORS |
: |
Mahmut Bilgic Ali Bilgic Onur Gulcu |
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OPERATIONS
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BUSINESS
ACTIVITIES |
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Wholesale trade of medicine |
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SECTOR |
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Commerce |
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NET SALES |
: |
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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EXPORT VALUE |
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None |
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PREMISES |
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Head Office: Tozkoparan Mah. General Ali Riza
Gurcan Cd. Merter Is Merkezi Bagimsiz Bolum No:2/2 Gungoren – Istanbul |
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COMMERCIAL MORALITY : Good
FINANCE
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PAYMENT BEHAVIOUR |
: |
According to the official
registries since its establishment on 25.10.2004 until 15.10.2007, there are
no protested bills and non-paid cheques registered in the name of “Logus Ilac” |
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. |
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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.-31.10.2007) |
4.84 % |
1.3308 |
1.7999 |
2.6527 |
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%)