MIRA
INFORM REPORT
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Report Date : |
16.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
EMRE TEKSTIL KIMYA SANAYI VE TICARET LTD. STI. |
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Registered Office : |
Merkez Mah. Kavakli Cad. Sonmez Sok. No:3 Halkali Kucukcekmece
Istanbul |
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Country : |
Turkey |
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Date of Incorporation : |
29.07.1991 |
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Com. Reg. No.: |
277436 |
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Legal Form : |
Limited Company |
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Line of Business : |
Dying, Weaving and Trade of Fabric, the subject also deals with Trade
of Dye |
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 |
: |
EMRE TEKSTIL KIMYA SANAYI VE TICARET LTD. STI. |
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ADDRESS |
: |
Head Office: Merkez Mah. Kavakli Cad.
Sonmez Sok. No:3 Halkali Kucukcekmece Istanbul/Turkey Production Plant: Cerkezkoy Organize
Sanayi Bolgesi Fatih Bulvari 3. Sok. No: 8 Cerkezkoy Tekirdag / Turkey |
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PHONE NUMBER |
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90-212-471 06 73 (Head Office) 90-282-75836 79-80 (Production Plant) |
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FAX NUMBER |
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90-212-698 53 41 |
LEGAL STATUS AND HISTORY
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TAX OFFICE / NO |
: |
Marmara Kurumlar/3340049657 |
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REGISTRATION NUMBER |
: |
277436 |
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REGISTERED OFFICE |
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Istanbul Chamber of Commerce |
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DATE ESTABLISHED |
: |
29.07.1991 (Commercial Registry Gazette
Date/No: 06.08.1991/2832) |
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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 |
: |
YTL 8,000,000 |
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HISTORY |
: |
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Previous Registered Capital |
:YTL 4,000,000 |
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Regist. Capital Changed on |
:20.12.2006 (Commercial Registry Gazette
Date/No: 25.12.2006/6771) |
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OWNERSHIP / MANAGEMENT
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SHAREHOLDERS |
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Mustafa Gurdal Adal Halil Hakan Askin Hasan Demirhan Tatlican |
33,75 % 33,125 % 33,125 % |
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DIRECTORS |
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Mustafa Gurdal Adal Halil Hakan Askin Hasan Demirhan Tatlican |
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OPERATIONS
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BUSINESS
ACTIVITIES |
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Dying, weaving and trade of fabric, the
subject also deals with trade of dye |
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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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CAPACITY |
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None |
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PRODUCTION |
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None |
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PREMISES |
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Head Office: Merkez Mah. Kavakli Cad.
Sonmez Sok. No:3 Halkali Kucukcekmece Istanbul Production Plant: Cerkezkoy Organize Sanayi
Bolgesi Fatih Bulvari 3. Sok. No: 8 Cerkezkoy Tekirdag |
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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. |
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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 |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.17 |
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UK Pound |
1 |
Rs.86.46 |
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Euro |
1 |
Rs.68.68 |
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%)