MIRA INFORM REPORT

 

 

Report Date :

9th March, 2007

                                                         

IDENTIFICATION DETAILS

 

Name :

KALE TICARET HARUN KIR

 

 

Registered Office :

Gumussuyu Ayazma Yolu No:32 Beykoz Istanbul / Turkey

 

 

Country :

Turkey

 

 

Date of Incorporation :

08.06.2006

 

 

Com. Reg. No.:

591419

 

 

Legal Form :

Sole-Proprietorship

 

 

Line of Business :

Manufacture and trade of stainless band, trade of automotive spare parts.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

New Company

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

 


 

COMPANY IDENTIFICATION

 

NAME

:

KALE TICARET HARUN KIR

ADDRESS

:

Head Office / Workshop: Gumussuyu Ayazma Yolu No:32 Beykoz Istanbul / Turkey

PHONE NUMBER

:

90-216-413 96 98

FAX NUMBER

:

90-216-413 96 98

 

 

LEGAL STATUS AND HISTORY

 

TAX OFFICE

 

Beykoz

REGISTRATION NUMBER

:

591419

REGISTERED OFFICE

:

Istanbul Chamber of Commerce

DATE ESTABLISHED

:

08.06.2006 (Commercial Registry Gazette Date/No:14.06.2006/6577)

LEGAL FORM

:

Sole-proprietorship

TYPE OF COMPANY

:

Private

REGISTERED CAPITAL

:

The liability of the sole-proprietorships is not limited to the capital. The owners of the sole-proprietorships are responsible for the debts of the sole-proprietorships with all of their personal wealth.

 

 

OWNERSHIP / MANAGEMENT

 

OWNER

 

:

Harun Kir

DIRECTORS

 

:

Harun Kir

Ferhat Kir

Hayri Kir

 

 

OPERATIONS

 

BUSINESS ACTIVITIES

:

Manufacture and trade of stainless band, trade of automotive spare parts

 

NET SALES

:

n.a.

 

 

 

 

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.

 

IMPORT COUNTRIES

:

Europe

 

MERCHANDISE IMPORTED

 

:

Stainless wire

EXPORT

:

None

 

PREMISES

:

Head Office/Workshop: Gumussuyu Ayazma Yolu No:32 Beykoz Istanbul (rented)

 

COMMERCIAL MORALITY

:

Good

 

 

FINANCE

 

MAIN DEALING BANKERS

:

T. Is Bankasi Pasabahce branch in Istanbul

 

PAYMENT BEHAVIOUR

:

No complaints have been heard regarding payments from the bank.

           

According to the official registries since its establishment on 08.06.2006 until 31.01.2007, there are no protested bills and non-paid cheques registered in the name of  the sole-proprietorship “Kale Ticaret” or in the name of the owner “Harun Kir”.

 

 

COMMENT ON FINANCIAL POSITION

 

GENERAL FINANCIAL

POSITION

 

Undetermined; the subject declines to give us an authorization to gather its financial data. As the shares of the subject 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 lack of detailed financial 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.-28.02.2007)

0,89 %

1.4134

1.8509

2.7760

 

 

This report is furnished to you in strict confidence for your use. This report or the source of this report should not be passed on to third parties. Although every effort has been spent to provide you the most accurate information, we do not accept any liability for any inaccuracies contained in this report.

 


 

 

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/normal.

 

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