MIRA
INFORM REPORT
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Report Date : |
06.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
KOP-SIS PARTI MAKINELERI – ILKAY DEMIRBILEK |
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Registered Office : |
Akdeniz Sanayi Sitesi 5007 Sk. No:64/A Antalya |
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Country : |
Turkey |
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Financials (as on) : |
31.03.2008 |
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Date of Incorporation : |
05.04.2007 |
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Legal Form : |
Sole-Proprietorship |
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Line of Business : |
Assembly and Trade of Party Machineries |
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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Maximum Credit Limit : |
USD 5,000 |
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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 |
: |
KOP-SIS PARTI MAKINELERI – ILKAY DEMIRBILEK |
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ADDRESS |
: |
Head Office/Workshop: Akdeniz Sanayi
Sitesi 5007 Sk. No:64/A Antalya / Turkey |
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PHONE NUMBER |
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90-242-221 53 95 |
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FAX NUMBER |
: |
90-242-221 53 95 |
LEGAL STATUS AND HISTORY
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TAX OFFICE / NO |
: |
Uckapilar / 48427161980 |
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REGISTERED OFFICE |
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As the subject is a sole-proprietorship,
it is not obliged to be registered at commercial registry. It is registered
at Traders’ Association with no 07/157375 |
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DATE ESTABLISHED |
: |
The subject sole-proprietorship is declared
to be established on 05.04.2007. As the sole-proprietorships are not obliged
to be registered at commercial registry it has not registered at Commercial
Registry yet. |
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LEGAL FORM |
: |
Sole-Proprietorship |
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TYPE OF COMPANY |
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Private |
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REGISTERED CAPITAL |
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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
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OWNER |
: |
Ilkay Demirbilek The owner, Ilkay Demirbilek was born in
1972. Properties owned by the owner are declared
to be: -2 cars Other companies owned by the owner are
declared to be: None |
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DIRECTORS |
: |
Ilkay Demirbilek Ahmet Demirbilek |
OPERATIONS
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BUSINESS
ACTIVITIES |
: |
Assembly and trade of party machineries |
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NUMBER OF
EMPLOYEES |
: |
2 |
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NET SALES |
: |
(YTL) 103,451 30,207 |
(05.04.-31.12.2007) (01.01.-31.03.2008) |
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EXPORT |
: |
None |
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PREMISES |
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Head Office/ Workshop: Akdeniz Sanayi
Sitesi 5007 Sk. No:64/A Antalya (rented) |
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TREND OF
BUSINESS |
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Undetermined; young establishment |
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FINANCE
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MAIN DEALING BANKERS |
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Finansbank Fener branch in Antalya |
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PAYMENT BEHAVIOUR |
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No payment delays have come to our knowledge. |
COMMENT ON FINANCIAL POSITION
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GENERAL
FINANCIAL POSITION |
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The subject had high profitability between 05.04.-31.12.2007 but it had
operating and net losses between 01.01.-31.03.2008. However 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. We are informed that,
the owner of the subject possesses 2 cars. |
CREDIT OPINION
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CREDIT OPINION WITHOUT OBLIGATION |
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We are of the opinion that, a max. credit
of USD 5,000 may be granted to the subject company. |
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Incr. in
producers’ price index |
Average YTL/$ |
Average YTL/EUR |
Average YTL/GBP |
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(2007) |
5.94 % |
1.3075 |
1.7901 |
2.6133 |
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(1.1.-30.06.2008) |
13.76 % |
1.2197 |
1.8695 |
2.4232 |
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(1.1.-31.07.2008) |
15.18 % |
1.2161 |
1.8679 |
2.4151 |
INCOME
STATEMENTS
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YTL |
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YTL |
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05.04.-31.12.2007 |
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01.01.-31.03.2008 |
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Net Sales |
103.451 |
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1,00 |
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30.207 |
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1,00 |
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Cost of Goods
Sold |
43.252 |
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0,42 |
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20.078 |
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0,66 |
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Gross Profit |
60.199 |
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0,58 |
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10.129 |
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0,34 |
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Operating
Expenses |
32.490 |
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0,31 |
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10.289 |
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0,34 |
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Operating Profit |
27.709 |
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0,27 |
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-160 |
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-0,01 |
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Other
Income |
0 |
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0,00 |
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0 |
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0,00 |
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Other
Expenses |
0 |
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0,00 |
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0 |
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0,00 |
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Financial
Expenses |
0 |
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0,00 |
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0 |
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0,00 |
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Profit (loss) Before Tax |
27.709 |
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0,27 |
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-160 |
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-0,01 |
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Tax
Payable |
0 |
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0,00 |
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0 |
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0,00 |
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Net Profit (loss) |
27.709 |
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0,27 |
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-160 |
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-0,01 |
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FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.00 |
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UK Pound |
1 |
Rs.82.14 |
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Euro |
1 |
Rs.65.09 |
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%)