MIRA INFORM REPORT

 

 

Report Date :

23.10.2007

 

IDENTIFICATION DETAILS

 

Name :

AKADEMI PASLANMAZ URUNLERI SANAYI TICARET LTD. STI.

 

 

Registered Office :

Demirciler Sitesi 2, Yol No:12, Zeytinburnu, Istanbul

 

 

Country :

Turkey

 

 

Date of Incorporation :

11.09.2007

 

 

Com. Reg. No.:

638403

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

To operate at iron and steel sector.

 

 

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

 


NOTE

 

Full name of the comapny was at your inquiry. The registered full name of the firm whose registered address is  the address at your inquiry “Demirciler Sit. 2.Cad. No:12 Zeytinburnu- Istanbul/Turkey” is AKADEMI PASLANMAZ URUNLERI SANAYI TICARET LTD. STI.“.

 

 

STATUS REPORT

 

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, we are unable to interview  the subject company at the address stated at your inquiry “Demirciler Sit. 2.Cad. No:12 Zeytinburnu- Istanbul. We are informed by neighbors that, there is no one at this address.  However according to commercial registry, the address at your inquiry is registered as the head office of “AKADEMI PASLANMAZ URUNLERI SANAYI TICARET LTD. STI.“.

 

So, please find the below provided report prepared depending mainly on the information obtained from Commercial Registry.

 

The subject was established on 11.09.2007 (Commercial Registry Gazette Date/No: 17.09.2007/6896) with registration number “638403” to operate at iron and steel sector. The registered capital of the firm is  YTL 100,000. The shareholders are “Tuncer Altun” (90 % ) who is also the general manager and “Nazli Marasli” (10 %).There is no registry of liquidation.

 

As a recently established business, there is no sufficient experiences about payment behavior.

 

 

 

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