MIRA
INFORM REPORT
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Report Date : |
13.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
MERKAD GRANIT INSAAT VE YAPI MALZEMELERI SANAYI
VE TICARET LTD. STI. |
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Registered Office : |
Gatem Galericiler Sitesi 88. Cad. No:9 Sehitkamil-Gaziantep |
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Country : |
Turkey |
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Date of Incorporation : |
22.12.2003 |
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Com. Reg. No.: |
25378 |
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Legal Form : |
Limited Company |
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Line of Business : |
Trade of Granite and marble |
RATING &
COMMENTS
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MIRA’s Rating : |
NR |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Undetermined |
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Litigation : |
Clear |
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COMPANY
IDENTIFICATION |
|
NAME |
: |
MERKAD GRANIT INSAAT VE YAPI MALZEMELERI SANAYI
VE TICARET LTD. STI. |
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ADDRESS |
: |
Head Office: Gatem Galericiler Sitesi 88.
Cad. No:9 Sehitkamil-Gaziantep/Turkey |
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PHONE NUMBER |
: |
90-342-238 30 40 |
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FAX NUMBER |
: |
90-342-238 33 89 |
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LEGAL STATUS AND
HISTORY |
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TAX NO |
: |
6170303118 |
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REGISTRATION NUMBER |
: |
25378 |
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REGISTERED OFFICE |
: |
Gaziantep Chamber of Commerce |
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DATE ESTABLISHED |
: |
22.12.2003 (Commercial Registry Gazette
Date/No: 02.01.2004/5959) |
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LEGAL FORM |
: |
Limited Company |
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TYPE OF COMPANY |
: |
Private |
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REGISTERED CAPITAL |
: |
YTL 300,000 |
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HISTORY |
: |
The registered capital was increased from YTL
50,000 to YTL 300,000 on 27.11.2006 (Commercial Registry Gazette
Date/No:06.12.2006/6698) |
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OWNERSHIP /
MANAGEMENT |
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SHAREHOLDERS |
: |
Suleyman Gunbay Nesrin Gunbay |
90 % 10 % |
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DIRECTORS |
: |
Suleyman Gunbay |
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OPERATIONS |
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BUSINESS
ACTIVITIES |
: |
Trade of granite and marble. |
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SECTOR |
: |
Commerce |
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NUMBER OF
EMPLOYEES |
: |
7 |
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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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IMPORT COUNTRIES |
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India, Brazil, Spain, China |
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MERCHANDISE
IMPORTED |
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Granite and marble |
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EXPORT |
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None |
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PREMISES |
: |
Head Office: Gatem Galericiler Sitesi 88.
Cad. No:9 Sehitkamil-Gaziantep Branch & Warehouse: Berk-Mersan Haller
Bolgesi Gayberli Mahallesi 42.Sok. No:12 Kahramanmaras |
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COMMERCIAL MORALITY |
: |
Good |
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FINANCE |
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MAIN DEALING BANKERS |
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Asya
Katilim Bankasi in Gaziantep |
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PAYMENT BEHAVIOUR |
: |
According to the official registries since its
establishment on 22.12.2003 till
15.10.2007, there are no protested bills and non-paid cheques registered in the
name of “Merkad Granit” |
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.-30.11.2007) |
5.78 % |
1.3190 |
1.7961 |
2.6363 |
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%)