MIRA
INFORM REPORT
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Report Date : |
14.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
ISTANBUL MUCEVHERAT SANAYI VE DIS TIC. LTD. STI. |
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Formerly Known as : |
SELEN TEKSTIL VE DERI URUNLERI GIYIM VE KUYUMCULUK SAN. VE TIC. LTD.
STI. |
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Registered Office : |
Cihangir Mah. Meclisi Mebusan Yokusu No:35 Beyoglu Istanbul |
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Country : |
Turkey |
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Date of Incorporation : |
10.05.1996 |
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Com. Reg. No.: |
346426 |
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Legal Form : |
Limited Company |
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Line of Business : |
Designing, Processing and Trade of
Jewellery |
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 |
: |
ISTANBUL MUCEVHERAT SANAYI VE DIS TIC. LTD. STI. |
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ADDRESS |
: |
Head Office & Processing Plant:
Cihangir Mah. Meclisi Mebusan Yokusu No:35 Beyoglu Istanbul Branch: Istanbul Ataturk Havalimani Serbest Bolge Plaza Ofis K:8-834 Yesilkoy
Istanbul The
street number was changed from “No:91” to “No:35” by the Municipality on
03.04.2007. |
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PHONE NUMBER |
: |
90-212-244 87 50 (Head Office) |
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FAX NUMBER |
: |
90-212-244 87 51 (Head Office) |
LEGAL STATUS AND HISTORY
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TAX OFFICE / NO |
: |
Galata / 7600068760 |
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REGISTRATION NUMBER |
: |
346426 |
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REGISTERED OFFICE |
: |
Istanbul Chamber of Commerce |
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DATE ESTABLISHED |
: |
10.05.1996 (Commercial Registry Gazette
Date/No:15.05.1996/4037) |
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LEGAL FORM |
: |
Limited Company |
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TYPE OF COMPANY |
: |
Private |
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REGISTERED CAPITAL |
: |
YTL 1,000,000 |
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PAID-IN CAPITAL |
: |
The paid-in capital is declared to be YTL
1,000,000. There is no certification for the paid-in capital. |
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HISTORY |
: |
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Previous Name |
:Selen Tekstil ve Deri Urunleri Giyim ve
Kuyumculuk San. ve Tic. Ltd. Sti. |
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Name Changed On |
:12.09.2000 (Commercial Registry Gazette
Date/No:28.09.2000/5141 ) |
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Previous
Registered Capital |
:YTL 500,000 |
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Regist. Capital Changed
on |
:06.02.2008 (Commercial Registry Gazette
Date/No: 12.02.2008/6997) |
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Previous Address |
:Alemdar Mah. Basmuhasip Sok.
No:16/104-105 Eminonu Istanbul |
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Address Changed On |
:08.06.2006 (Commercial Registry Gazette Date/No:13.06.2006/6576
) |
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OWNERSHIP / MANAGEMENT
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SHAREHOLDERS |
: |
Ilyas Sezer Can Sezer |
50 % 50 % |
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SISTER COMPANIES |
: |
- Istanbullu Kuyumculuk Sanayi Ic Ve Dis
Ticaret Ltd. Sti. |
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GROUP PARENT COMPANY |
: |
None |
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SUBSIDIARIES |
: |
None |
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DIRECTOR |
: |
Can Sezer |
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OPERATIONS
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BUSINESS
ACTIVITIES |
: |
Designing, processing and trade of jewellery |
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SECTOR |
: |
Jewellery |
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TRADEMARK(S) |
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None |
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NUMBER OF
EMPLOYEES |
: |
25 |
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NET SALES |
: |
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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IMPORT COUNTRIES |
: |
UAE, India, Canada, China, Korea… |
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MERCHANDISE
IMPORTED |
: |
Jewellery |
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EXPORT COUNTRIES |
: |
UAE, India, Canada, Morocco, Switzerland… |
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MERCHANDISE
EXPORTED |
: |
Jewellery and precious metal |
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PREMISES |
: |
Head Office & Processing Plant: Cihangir
Mah. Meclisi Mebusan Yokusu No:35 Beyoglu Istanbul (rented) Branch: Istanbul Ataturk Havalimani Serbest Bolge Plaza Ofis K:8-834 Yesilkoy
Istanbul (rented) |
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FIXED CAPITAL
INVESTMENTS |
: |
None |
FINANCE
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MAIN DEALING BANKERS |
: |
Yapi ve Kredi Bankasi
Nuruosmaniye branch in Istanbul Turk Ekonomni Bankasi
Kapalicarsi branch in Istanbul |
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PAYMENT BEHAVIOUR |
: |
No payment delays have come to our knowledge. |
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 |
|
(2007) |
5.94 % |
1.3075 |
1.7901 |
2.6133 |
|
(1.1.-31.07.2008) |
15.18 % |
1.2161 |
1.8679 |
2.4151 |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.42.82 |
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UK Pound |
1 |
Rs.80.01 |
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Euro |
1 |
Rs.63.83 |
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%)