MIRA INFORM REPORT

 

 

Report Date :

17.10.2007

 

IDENTIFICATION DETAILS

 

Name :

BASKITEKS TEKSTIL KIMYA SANAYI VE TICARET LTD. STI.

 

 

Registered Office :

Cumhuriyet Mah. Sadik Sendil Sok. No:11/A Sisli- Istanbul

 

 

Country :

Turkey

 

 

Date of Incorporation :

28.08.2007

 

 

Com. Reg. No.:

637156

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Trade of textile chemicals.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

NR

 

RATING

STATUS

PROPOSED CREDIT LINE

NR

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

No Rating

 

Status :

New Company

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

COMPANY IDENTIFICATION

 

 

NAME

:

BASKITEKS TEKSTIL KIMYA SANAYI VE TICARET LTD. STI.

ADDRESS

:

Head Office: Cumhuriyet Mah. Sadik Sendil Sok. No:11/A Sisli- Istanbul / Turkey

PHONE NUMBER

:

90-212-248 83 29

FAX NUMBER

:

90-212-296 26 54

 

 

LEGAL STATUS AND HISTORY

 

 

TAX OFFICE / NO

:

Sisli / 1430640333

REGISTRATION NUMBER

:

637156

REGISTERED OFFICE

:

Istanbul Chamber of Commerce

DATE ESTABLISHED

:

28.08.2007 (Commercial Registry Gazette Date/No: 04.09.2007/6887)

LEGAL FORM

:

Limited Company

TYPE OF COMPANY

:

Private

REGISTERED CAPITAL

:

YTL 5,000

PAID-IN CAPITAL

:

The paid- in capital is declared to be YTL 5,000. There is no certification for the paid- in capital.                                                    

 

 

OWNERSHIP / MANAGEMENT

 

 

SHAREHOLDERS

 

:

Alen Telli

Ara Arek Avedyan

 

50 %

50 %

SISTER COMPANIES

:

Aral Matbaacilik Sanayi ve Ticaret Ltd. Sti.

 

GROUP PARENT COMPANY

 

:

None

SUBSIDIARIES

 

:

None

DIRECTORS

 

:

Alen Telli

Ara Arek Avedyan

 

 

 

OPERATIONS

 

 

BUSINESS ACTIVITIES

:

Trade of textile chemicals

 

SECTOR

 

:

Commerce

TRADEMARK(S)

:

None

 

NUMBER OF EMPLOYEES

:

The subject has no employees. The operations are carried out by the shareholders.

 

NET SALES

:

The firm which was established on 28.08.2007 has declared that it performed domestic sales amount of YTL 17,000 since its establishment date until October, 2007.

 

CAPACITY

:

None

 

PRODUCTION

:

None

 

IMPORT

:

As a recently established business, it has not performed any import yet. However the firm has declared that, it is planning to import from China.

 

PREMISES

:

Head Office: Cumhuriyet Mah. Sadik Sendil Sok. No:11/A Sisli- Istanbul (rented)

 

FIXED CAPITAL INVESTMENTS

:

None

 

 

TREND OF BUSINESS              :           Undetermined; recently established business.

COMMERCIAL MORALITY         :           Recent establishment; no sufficient experiences so far.

 

 

FINANCE

 

 

MAIN DEALING BANKERS

:

T. Is Bankasi Ferikoy branch in Istanbul

HSBC Bank Kurtulus branch in Istanbul

 

PAYMENT BEHAVIOUR

:

Recent establishment; no sufficient experiences so far.

 

 

 

COMMENT ON FINANCIAL POSITION

 

 

GENERAL FINANCIAL

POSITION

 

Recently established business.

 

 

 

 

Incr. in producers’ price index

 

Average YTL/$

Average YTL/EUR

Average YTL/GBP

(2006)

11.58 %

1.4309

1.7987

2.6377

(1.1.-30.09.2007)

4.98 %

1.3447

1.8084

2.6720

 

 

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