MIRA
INFORM REPORT
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Report Date : |
16.10.2007 |
IDENTIFICATION DETAILS
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Name : |
M.K. GIDA ITHALAT IHRACAT SANAYI VE TICARET
LTD.STI |
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Registered Office : |
Transit |
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Country : |
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Date of Incorporation : |
27.09.1999 |
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Com. Reg. No.: |
1086 |
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Legal Form : |
Limited Company |
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Line of Business : |
Trade of food products |
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 |
COMPANY
IDENTIFICATION
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NAME |
: |
M.K. GIDA ITHALAT IHRACAT SANAYI VE TICARET
LTD.STI |
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ADDRESS |
: |
Head Office: Transit |
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CONTACT NUMBER |
: |
90-533-635 45 80 (GSM Number of Faruk
Ciftci) |
LEGAL STATUS AND
HISTORY
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TAX OFFICE / NO |
: |
Dogubeyazit / 6090121546 |
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REGISTRATION NUMBER |
: |
1086 |
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REGISTERED OFFICE |
: |
Dogubeyazit Chamber of Commerce |
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DATE ESTABLISHED |
: |
27.09.1999 (Commercial Registry Gazette
Date/No: 06.10.1999/4892) |
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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 200,000 |
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HISTORY |
: |
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Previous Name |
:M.K. Petrol Urunleri Ithalat Ihracat San.
ve Tic. A.S. |
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Name Changed On |
:08.04.2004 (Commercial Registry Gazette
Date/No: 15.04.2004 / 6030) |
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Previous Legal Form |
: Joint Stock Company |
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Legal Form Changed On |
: 24.06.2005 (Commercial Registry Gazette
Date/No: 01.07.2005/6337) |
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Previous Name |
:M.K. Gida Ithalat Ihracat Sanayi ve
Ticaret A.S. |
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Name Changed On |
: 24.06.2005 (Commercial Registry Gazette
Date/No: 01.07.2005/6337) |
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OWNERSHIP /
MANAGEMENT
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SHAREHOLDERS |
: |
Musa Kandemir Faruk Ciftci |
99,8 % 0,2 % |
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SISTER COMPANIES |
: |
Declared to be: None |
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GROUP PARENT COMPANY |
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None |
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SUBSIDIARIES |
: |
None |
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DIRECTORS |
: |
Musa Kandemir |
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OPERATIONS
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BUSINESS
ACTIVITIES |
: |
Trade of food products |
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SECTOR |
: |
Commerce |
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NET SALES |
: |
n.a. |
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In 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 |
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None |
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PREMISES |
: |
Head Office: Transit Branch : Belediye Cad. Buyuk Pasaj No:76
Agri |
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FIXED CAPITAL
INVESTMENTS |
: |
None |
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COMMERCIAL MORALITY : In order
FINANCE
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PAYMENT
BEHAVIOUR |
: |
According to the official
registries between 01.01.2000-15.09.2007, there is 1 non-paid cheque in 2000 registered
in the name of the subject company. However this cheque was paid later on and
no payment delays have been registered in the name of the subject since then. |
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 |
|
(2006) |
11.58 % |
1.4309 |
1.7987 |
2.6377 |
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(1.1.-30.09.2007) |
4.98 % |
1.3447 |
1.8084 |
2.6720 |
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%)