MIRA
INFORM REPORT
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Report Date : |
04.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
VURALSOY TEKSTIL SANAYI VE TICARET LTD. STI. |
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Registered Office : |
Kazim Karabekir Mah. Visne Cad. No:103/A Merkez |
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Country : |
Turkey |
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Date of Incorporation : |
December 1997 |
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Com. Reg. No.: |
44924 |
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Legal Form : |
Limited Company |
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Line of Business : |
Weaving and trade of fabric |
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 : |
Moderate |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY IDENTIFICATION
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NAME |
: |
VURALSOY TEKSTIL SANAYI VE TICARET LTD. STI. |
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ADDRESS |
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Head Office: Kazim Karabekir Mah. Visne
Cad. No:103/A Merkez-Bursa/Turkey |
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PHONE NUMBER |
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90-224-360 40 86 |
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FAX NUMBER |
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90-224-363 82 11 |
LEGAL STATUS AND HISTORY
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TAX NO |
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9260056533 |
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REGISTRATION NUMBER |
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44924 |
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REGISTERED OFFICE |
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Bursa Chamber of Commerce and Industry |
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DATE ESTABLISHED |
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December 1997 (Commercial Registry Gaz.
Date/No:16.01.1998/4463) |
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LEGAL FORM |
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Limited Company |
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TYPE OF COMPANY |
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Private |
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REGISTERED CAPITAL |
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YTL 1,000,000 |
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HISTORY |
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The registered capital was increased from YTL
250,000 to YTL 1,000,000 on 18.01.2006 (Commercial Registry Gazette
Date/No:07.02.2006/6487) |
OWNERSHIP / MANAGEMENT
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SHAREHOLDERS |
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Fedayi Vural Sevket Vural Yunus Emre Vural Arife Vural |
52 % 18 % 18 % 12 % |
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DIRECTORS |
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Fedayi Vural Sevket Vural Yunus Emre Vural Arife Vural |
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OPERATIONS
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BUSINESS
ACTIVITIES |
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Weaving and trade of fabric. The subject
also deals with trade of yarn. |
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NET SALES |
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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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EXPORT |
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None |
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PREMISES |
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Head Office: Kazim Karabekir Mah. Visne
Cad. No:103/A Merkez-Bursa Weaving Plant: DOSAB Papatya Sok. No:12
Bursa |
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FINANCE
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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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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. |
CREDIT OPINION
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Incr. in
producers’ price index |
Average YTL/$ |
Average YTL/EUR |
Average YTL/GBP |
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(2006) |
11.58 % |
1.4309 |
1.7987 |
2.6377 |
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(1.1.-30.11.2007) |
5.78 % |
1.3190 |
1.7961 |
2.6363 |
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%)