MIRA
INFORM REPORT
|
Report Date : |
22.02.2008 |
IDENTIFICATION
DETAILS
|
Name : |
CIRAK KUYUMCULUK-TEKSTIL SANAYI VE TICAET A.S. |
|
|
|
|
Formerly known as : |
CIRAK KUYUMCULUK
SANAYI VE TICARET A.S. |
|
|
|
|
Registered Office : |
Molla Feneri Mah. Ceridehane Sok. No:3 Cagaloglu – Istanbul |
|
|
|
|
Country : |
Turkey |
|
|
|
|
Date of Incorporation : |
30.04.1993 |
|
|
|
|
Com. Reg. No.: |
298676 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Wholesaler and Trader of Jewellery |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
NOTE: The firm plans
to move the head office to the address at your inquiry “Babali Cad. No 19“
COMPANY IDENTIFICATION
|
NAME |
: |
CIRAK
KUYUMCULUK-TEKSTIL SANAYI VE TICAET A.S. |
|
ADDRESS |
: |
Head Office: Molla Feneri Mah. Ceridehane Sok. No:3 Cagaloglu – Istanbul/
Turkey |
|
PHONE NUMBER |
: |
90-212-514 11 12 |
|
FAX NUMBER |
: |
90-212-528 63 35 |
LEGAL STATUS AND HISTORY
|
TAX NO |
: |
2520026445 |
|
REGISTRATION NUMBER |
: |
298676 |
|
REGISTERED OFFICE |
: |
Istanbul Chamber of Commerce |
|
DATE ESTABLISHED |
: |
30.04.1993 (Commercial Registry Gazette Date/No: 05.05.1993/3274) |
|
LEGAL FORM |
: |
Joint Stock Company |
|
TYPE OF COMPANY |
: |
Private |
|
REGISTERED CAPITAL |
: |
YTL 2,000,000 |
|
HISTORY |
: |
|
|
|
|
|
|
Previous Name |
: Cirak Kuyumculuk Sanayi Ve Ticaret A.S. |
|
|
|
|
Name Changed On |
: 29.08.1996 (Commercial Registry Gazette Date/No: 05.09.1996/4117) |
|
|
|
|
Previous Registered Capital |
: YTL 1,000,000 |
|
|
|
|
Regist. Capital Changed on |
: 22.06.2006 (Commercial Registry Gazette Date/No: 27.06.2006/6586) |
|
OWNERSHIP / MANAGEMENT
|
SHAREHOLDERS |
: |
Suren Cirak Serkis Muratyan Kirkor Ozkalay Others |
84 % 4 % 1 % |
|
|
SISTER COMPANIES |
: |
-Matis Turizm Turistik Esya Pazarlama Ticaret ve Sanayi A.S. -Matis Kuyumculuk ve Tekstil Ticaret Ltd. Sti. |
||
|
BOARD OF DIRECTORS |
: |
Serkis Muratyan Kirkor Ozkalay Baris Ergun |
Chairman Vice-Chairman Member |
|
OPERATIONS
|
BUSINESS ACTIVITIES |
: |
Wholesale trade of jewellery |
|
|
SECTOR |
: |
Commerce |
|
|
TRADEMARK(S) |
: |
None |
|
|
NET SALES |
: |
n.a. |
|
|
|
|
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. |
|
|
CAPACITY |
: |
None |
|
|
PRODUCTION |
: |
None |
|
|
EXPORT COUNTRIES |
: |
U.S.A., Denmark, Italy, Ataturk Free Zone… |
|
MERCHANDISE EXPORTED |
: |
Jewellery and its parts… |
|
PREMISES |
: |
Head Office: Molla Feneri Mah. Ceridehane Sok. No:3 Cagaloglu –
Istanbul |
|
FIXED CAPITAL INVESTMENTS |
: |
None |
FINANCE
|
MAIN DEALING BANKERS |
: |
Garanti Bankasi
Nuruosmaniye branch in Istanbul |
|
PAYMENT BEHAVIOUR |
: |
No payment delays have
come to our knowledge. |
COMMENT ON FINANCIAL POSITION
|
GENERAL FINANCIAL POSITION |
|
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. |
|
|
Incr. in producers’ price index |
Average YTL/$ |
Average YTL/EUR |
Average YTL/GBP |
|
(2007) |
5.94 % |
1.3075 |
1.7901 |
2.6133 |
|
(1.1.-31.01.2008) |
0.42 % |
1.1741 |
1.7303 |
2.3417 |
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%)