MIRA
INFORM REPORT
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Report Date : |
12.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
TURKUAZ DIS TICARET LTD. STI. |
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Registered Office : |
Havaalani Kavsagi EGS Business Park Blok B1 Bl. K:12/391-392
Yesilkoy-Bakirkoy-Istanbul |
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Country : |
Turkey |
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Date of Incorporation : |
30.05.1994 |
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Com. Reg. No.: |
314885 |
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Legal Form : |
Limited Company |
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Line of Business : |
Trade of consumable goods |
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 : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
COMPANY IDENTIFICATION
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NAME |
: |
TURKUAZ DIS TICARET LTD. STI. |
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ADDRESS |
: |
Head Office: Havaalani Kavsagi EGS Business
Park Blok B1 Bl. K:12/391-392 Yesilkoy-Bakirkoy-Istanbul/Turkey |
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PHONE NUMBER |
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90-212-465 77 88 |
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FAX NUMBER |
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90-212-465 77 99 |
LEGAL STATUS AND HISTORY
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TAX OFFICE / NO |
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Bakirkoy/8710037131 |
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REGISTRATION NUMBER |
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314885 |
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REGISTERED OFFICE |
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Istanbul Chamber of Commerce |
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DATE ESTABLISHED |
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30.05.1994 (Commercial Registry Gazette
Date/No:03.06.1994/3544) |
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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 5,000,000 |
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HISTORY |
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Previous
Registered Capital |
:YTL 2,000,000 |
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Regist. Capital Changed on |
:30.12.2005 (Commercial Registry Gazette
Date/No:05.01.2006/6468) |
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Previous Address |
:Kocasinan Cad. Kaman Is Merkezi No:1/5
Sirinevler-Bahcelievler-Istanbul |
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Address Changed On |
:17.11.2003 (Commercial Registry Gazette
Date/No:20.11.2003/5932) |
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OWNERSHIP / MANAGEMENT
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SHAREHOLDERS |
: |
Zeki Pilge Ismail Kavuncu |
50 % 50 % |
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GROUP |
: |
Turkuaz Group of companies Some of the main companies of the group
are declared as follows: -Turkuaz Dis Ticaret Ltd. Sti. -Turkuvaz Dis Ticaret Ltd. Sti. -JFC Uluslararasi Gida Sanayi ve Dis Ticaret
A.S. -Barbaros Dis Ticaret Ltd. Sti. -Ideal Insaat ve Dis Ticaret Ltd. Sti. |
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DIRECTORS |
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Zeki Pilge Ismail Kavuncu |
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OPERATIONS
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BUSINESS
ACTIVITIES |
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Trade of consumable goods |
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SECTOR |
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Commerce |
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NET SALES |
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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 COUNTRIES |
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Kazakhstan, Tajikistan, Kyrgyzstan… |
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MERCHANDISE
EXPORTED |
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Potatoes, flour, cotton, margarine,
plasters, tomato ketchup, doors, window frames, silicones, organic solvents… |
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PREMISES |
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Head Office: Havaalani Kavsagi EGS
Business Park Blok B1 Bl. K:12/391-392 Yesilkoy-Bakirkoy-Istanbul Branch: Havaalani Kavsagi EGS Business
Park Blok B1 Bl. K:12/389 Yesilkoy-Bakirkoy-Istanbul |
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COMMERCIAL MORALITY : Fair
FINANCE
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PAYMENT BEHAVIOUR |
: |
According to the official
registries between 01.01.2000-15.10.2007, there are 2 protested bills in 2005
registered in the name of “Turkuaz
Dis” |
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
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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%)