MIRA INFORM REPORT

 

 

Report Date :

22.12.2007

 

IDENTIFICATION DETAILS

 

Name :

NMS DERI SANAYI VE TICARET LTD STI

 

 

Registered Office :

M. Nesimi Ozmen Mah. Yuksek Sok. 12/5 Merter Gungoren Istanbul

 

 

Country :

Turkey

 

 

Date of Incorporation :

15.08.2000

 

 

Com. Reg. No.:

443098

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacture and trade of women’s handbags, belts, wallets

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

NOTE

 

“NMS Leather” is the translation of “NMS Deri” in English. The registered full name of the company located at the address at your inquiry is “NMS DERI SANAYI VE TICARET LTD STI

 

 

COMPANY IDENTIFICATION

 

 

NAME

:

NMS DERI SANAYI VE TICARET LTD STI

ADDRESS

:

Head Office & Production Plant: M. Nesimi Ozmen Mah. Yuksek Sok. 12/5 Merter Gungoren Istanbul / Turkey

PHONE NUMBER

:

90-212-637 23 18

FAX NUMBER

:

90-212-637 23 32

 

 

LEGAL STATUS AND HISTORY

 

 

TAX OFFICE / NO

:

Merter / 6310196205

REGISTRATION NUMBER

:

443098

REGISTERED OFFICE

:

Istanbul Chamber of Commerce

DATE ESTABLISHED

:

15.08.2000 (Commercial Registry Gazette Date/No: 18.08.2000/5113)

LEGAL FORM

:

Limited Company

TYPE OF COMPANY

:

Private

REGISTERED CAPITAL

:

YTL 100,000

 

 

OWNERSHIP / MANAGEMENT

 

 

SHAREHOLDERS

 

:

Murat Atakan

Nese Atakan

Serdar Atakan

 

SISTER COMPANIES

:

Declared to be: None

 

GROUP PARENT COMPANY

 

:

None

DIRECTORS

:

Nese Atakan

 

 

OPERATIONS

 

 

BUSINESS ACTIVITIES

:

Manufacture and trade of women’s handbags, belts, wallets…

 

SECTOR

 

:

Leather

TRADEMARK(S)

:

“NMS”

 

NUMBER OF EMPLOYEES

:

45

 

NET SALES

:

YTL 620 Thousand

YTL 530 Thousand

(2006)

(01.01-30.09.2007)

 

 

 

The a.m. net sales figures of 2006 and 01.01-30.09.2007 are declared by the subject. There is no certification for these figures.

 

IMPORT VALUE

:

None

 

PREMISES

:

Head Office&Production Plant: M.Nesimi Ozmen Mah. Yuksek Sok. 12/5 Merter Gungoren Istanbul (750 sqm)(rented)

 

 

TREND OF BUSINESS              :           There was an upwards trend in the first 9 months of 2007.

COMMERCIAL MORALITY         :           Good

 

 

FINANCE

 

 

MAIN DEALING BANKERS

:

Garanti Bankasi Merter branch in Istanbul

 

PAYMENT BEHAVIOUR

:

No complaints have been heard regarding payments from the bank

 

According to the official registries since its establishment on 15.08.2000 until 15.10.2007, there are no protested bills and non-paid cheques registered in the name of  “NMS Deri”

 

 

COMMENT ON FINANCIAL POSITION

 

 

GENERAL FINANCIAL

POSITION

 

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.

 

 

 

Incr. in producers’ price index

 

Average YTL/$

Average YTL/EUR

Average YTL/GBP

(2006)

11.58 %

1.4309

1.7987

2.6377

(1.1.-30.11.2007)

5.78 %

1.3190

1.7961

2.6363

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions