MIRA
INFORM REPORT
|
Report Date : |
13.06.2008 |
IDENTIFICATION
DETAILS
|
Name : |
RAHIM INVESTMENT DIS TICARET LTD. STI. |
|
|
|
|
Formerly Known As : |
CARLTON INVESTMENT DIS TICARET LTD. STI. |
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|
Registered Office : |
Ebulullah Mardin Cad. Maya Park Tower 1 Nolu Bolum Akatlar- Istanbul |
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|
Country : |
Turkey |
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|
Financials (as on) : |
31.12.2007 |
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|
Date of Incorporation : |
10.02.2005 |
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Com. Reg. No.: |
545581 |
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|
Legal Form : |
Limited Company |
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|
Line of Business : |
The firm which was established on 10.02.2005 to Provide Services about
Finance and Investment consultancy has not started to active operation yet. |
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 |
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|
|
|
Payment Behaviour : |
No Complaints |
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|
|
|
Litigation : |
Clear |
NOTE:
The name and also the address stated at your inquiry were the previous
name and the address of the firm. The name was changed from “CARLTON INVESTMENT
DIS TICARET LTD. STI.” to “RAHIM INVESTMENT DIS TICARET LTD. STI.” on
11.04.2007. Furthermore at the same time, the firm moved from “Barclay 19-Ada
D.4 Park Maya Sitesi Akatlar- Istanbul/ Turkey” to “Ebulullah Mardin Cad. Maya
Park Tower 1 Nolu Bolum Akatlar- Istanbul/ Turkey. (Commercial Registry Gazette
Date/No: 16.04.2007/6788).
COMPANY IDENTIFICATION
|
NAME |
: |
RAHIM INVESTMENT DIS TICARET LTD. STI. |
|
ADDRESS |
: |
Head Office: Ebulullah Mardin Cad. Maya
Park Tower 1 Nolu Bolum Akatlar- Istanbul/ Turkey |
|
PHONE NUMBER |
: |
90-212-352 84 57 |
|
FAX NUMBER |
: |
90-212-352 80 70 |
LEGAL STATUS AND HISTORY
|
TAX OFFICE / NO |
: |
Besiktas / 2030240100 |
|
REGISTRATION NUMBER |
: |
545581 |
|
REGISTERED OFFICE |
: |
Istanbul Chamber of Commerce |
|
DATE ESTABLISHED |
: |
10.02.2005 (Commercial Registry Gazette
Date/No: 16.02.2005/6241) |
|
LEGAL FORM |
: |
Limited Company |
|
TYPE OF COMPANY |
: |
Private |
|
REGISTERED CAPITAL |
: |
YTL 10,000 |
|
PAID-IN CAPITAL |
: |
YTL 10,000 |
|
HISTORY |
: |
|
|
|
|
|
|
Previous Name |
: CARLTON INVESTMENT DIS TICARET LTD. STI. |
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|
Name Changed On |
: 11.04.2007 (Commercial Registry Gazette Date/No:
16.04.2007/6788) |
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|
Previous Address |
: Barclay 19-Ada D.4 Park Maya Sitesi
Akatlar- Istanbul |
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|
Address Changed On |
: 11.04.2007 (Commercial Registry Gazette
Date/No: 16.04.2007/6788) |
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|
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|
Previous Shareholders |
Mohammad Kamran
Zaheer (97,5 %) Mohammed
Nehaluddin (2,5 %) |
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|
|
|
Shareholders Changed On |
:13.03.2008 (Commercial Registry Gazette
Date/No:18.03.2008/7022) |
|
OWNERSHIP / MANAGEMENT
|
SHAREHOLDERS |
: |
Syed Faisal Ur Rehman
Mohammed Nehaluddin |
97,5 %
2,5 % |
|
SISTER COMPANIES |
: |
Declared to be: None |
|
|
GROUP PARENT COMPANY |
: |
None |
|
|
DIRECTORS |
: |
Mohammad Kamran
Zaheer |
|
OPERATIONS
|
BUSINESS
ACTIVITIES |
: |
The firm which was established on 10.02.2005
to provide services about finance and investment consultancy has not started
to active operation yet. |
|
|
TRADEMARK(S) |
: |
None |
|
|
NUMBER OF
EMPLOYEES |
: |
None |
|
|
NET SALES |
: |
None None None |
(10.02-31.12.2005) (2006) (2007) |
|
CAPACITY |
: |
None |
|
|
PRODUCTION |
: |
None |
|
|
PREMISES |
: |
Head Office: Ebulullah Mardin Cad. Maya
Park Tower 1 Nolu Bolum Akatlar- Istanbul (rented) |
|
FIXED CAPITAL
INVESTMENTS |
: |
None |
|
SIZE
OF BUSINESS |
: |
Very
small |
FINANCE
|
CREDIT FACILITIES |
: |
No credit facility has come to our
knowledge. |
|
PAYMENT BEHAVIOUR |
: |
No payment delays have come to our knowledge. However it has to be noted that, the firm which was established on 10.02.2005
has not started active operation yet. |
COMMENT ON FINANCIAL POSITION
|
The firm which was established on
10.02.2005 has not started active operation yet. So, its financial position
is poor. |
CREDIT OPINION
|
|
Incr. in producers’
price index |
Average YTL/$ |
Average YTL/EUR |
Average YTL/GBP |
|
(2005) |
2.66 % |
1.3499 |
1.6882 |
2.4623 |
|
(2006) |
11.58 % |
1.4309 |
1.7987 |
2.6377 |
|
(2007) |
5.94 % |
1.3075 |
1.7901 |
2.6133 |
|
(1.1.-31.05.2008) |
13.39 % |
1.2181 |
1.8583 |
2.4201 |
BALANCE SHEETS
|
|
|
YTL |
|
|
|
YTL |
|
|
|
YTL |
|
|
|
|
|
|
31.12.05 |
|
|
|
31.12.06 |
|
|
|
31.12.07 |
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|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CURRENT ASSETS |
5.452 |
|
1,00 |
|
1.660 |
|
1,00 |
|
9.672 |
|
0,32 |
|
|
|
Cash and
Banks |
4.136 |
|
0,76 |
|
169 |
|
0,10 |
|
4 |
|
0,00 |
|
|
|
Marketable Securities |
0 |
|
0,00 |
|
0 |
|
0,00 |
|
0 |
|
0,00 |
|
|
|
Account
Receivable |
0 |
|
0,00 |
|
0 |
|
0,00 |
|
0 |
|
0,00 |
|
|
|
Other
Receivable |
0 |
|
0,00 |
|
0 |
|
0,00 |
|
0 |
|
0,00 |
|
|
|
Inventories |
0 |
|
0,00 |
|
0 |
|
0,00 |
|
0 |
|
0,00 |
|
|
|
Advances
Given |
0 |
|
0,00 |
|
0 |
|
0,00 |
|
0 |
|
0,00 |
|
|
|
Other
Current Assets |
1.316 |
|
0,24 |
|
1.491 |
|
0,90 |
|
9.668 |
|
0,32 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
NON-CURRENT ASSETS |
0 |
|
0,00 |
|
0 |
|
0,00 |
|
20.290 |
|
0,68 |
|
|
|
Long-term
Receivable |
0 |
|
0,00 |
|
0 |
|
0,00 |
|
0 |
|
0,00 |
|
|
|
Financial
Assets |
0 |
|
0,00 |
|
0 |
|
0,00 |
|
0 |
|
0,00 |
|
|
|
Tangible
Fixed Assets (net) |
0 |
|
0,00 |
|
0 |
|
0,00 |
|
0 |
|
0,00 |
|
|
|
Intangible
Assets |
0 |
|
0,00 |
|
0 |
|
0,00 |
|
0 |
|
0,00 |
|
|
|
Other
Non-Current Assets |
0 |
|
0,00 |
|
0 |
|
0,00 |
|
20.290 |
|
0,68 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL ASSETS |
5.452 |
|
1,00 |
|
1.660 |
|
1,00 |
|
29.962 |
|
1,00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CURRENT LIABILITIES |
45.710 |
|
8,38 |
|
89.872 |
|
54,14 |
|
169.934 |
|
5,67 |
|
|
|
Financial
Loans |
0 |
|
0,00 |
|
0 |
|
0,00 |
|
0 |
|
0,00 |
|
|
|
Accounts
Payable |
885 |
|
0,16 |
|
0 |
|
0,00 |
|
0 |
|
0,00 |
|
|
|
Loans
from Shareholders |
40.181 |
|
7,37 |
|
84.475 |
|
50,89 |
|
168.213 |
|
5,61 |
|
|
|
Other
Short-term Payable |
0 |
|
0,00 |
|
0 |
|
0,00 |
|
0 |
|
0,00 |
|
|
|
Advances
from Customers |
0 |
|
0,00 |
|
0 |
|
0,00 |
|
0 |
|
0,00 |
|
|
|
Taxes
Payable |
4.644 |
|
0,85 |
|
5.397 |
|
3,25 |
|
1.721 |
|
0,06 |
|
|
|
Provisions |
0 |
|
0,00 |
|
0 |
|
0,00 |
|
0 |
|
0,00 |
|
|
|
Other
Current Liabilities |
0 |
|
0,00 |
|
0 |
|
0,00 |
|
0 |
|
0,00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LONG-TERM LIABILITIES |
0 |
|
0,00 |
|
0 |
|
0,00 |
|
0 |
|
0,00 |
|
|
|
Financial
Loans |
0 |
|
0,00 |
|
0 |
|
0,00 |
|
0 |
|
0,00 |
|
|
|
Securities Issued |
0 |
|
0,00 |
|
0 |
|
0,00 |
|
0 |
|
0,00 |
|
|
|
Long-term
Payable |
0 |
|
0,00 |
|
0 |
|
0,00 |
|
0 |
|
0,00 |
|
|
|
Loans
from Shareholders |
0 |
|
0,00 |
|
0 |
|
0,00 |
|
0 |
|
0,00 |
|
|
|
Other
Long-term Liabilities |
0 |
|
0,00 |
|
0 |
|
0,00 |
|
0 |
|
0,00 |
|
|
|
Provisions |
0 |
|
0,00 |
|
0 |
|
0,00 |
|
0 |
|
0,00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
STOCKHOLDERS' EQUITY |
-40.258 |
|
-7,38 |
|
-88.212 |
|
-53,14 |
|
-139.972 |
|
-4,67 |
|
|
|
Paid-in
Capital |
10.000 |
|
1,83 |
|
10.000 |
|
6,02 |
|
10.000 |
|
0,33 |
|
|
|
Reserves |
0 |
|
0,00 |
|
0 |
|
0,00 |
|
0 |
|
0,00 |
|
|
|
Revaluation Fund |
0 |
|
0,00 |
|
0 |
|
0,00 |
|
0 |
|
0,00 |
|
|
|
Accumulated Losses(-) |
0 |
|
0,00 |
|
-50.258 |
|
-30,28 |
|
-98.212 |
|
-3,28 |
|
|
|
Net
Profit (loss) |
-50.258 |
|
-9,22 |
|
-47.954 |
|
-28,89 |
|
-51.760 |
|
-1,73 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL LIABILITIES AND EQ. |
5.452 |
|
1,00 |
|
1.660 |
|
1,00 |
|
29.962 |
|
1,00 |
|
INCOME
STATEMENTS
|
|
|
YTL |
|
|
|
YTL |
|
|
|
YTL |
|
|
|
|
|
|
10.02-31.12.05 |
|
|
|
2006 |
|
|
|
2007 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Sales |
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
|
|
Cost of
Goods Sold |
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
|
|
Gross Profit |
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
|
|
Operating
Expenses |
50.258 |
|
|
|
47.954 |
|
|
|
51.760 |
|
|
|
|
|
Operating Profit |
-50.258 |
|
|
|
-47.954 |
|
|
|
-51.760 |
|
|
|
|
|
Other
Income |
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
|
|
Other
Expenses |
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
|
|
Financial
Expenses |
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
|
|
Profit (loss) Before Tax |
-50.258 |
|
|
|
-47.954 |
|
|
|
-51.760 |
|
|
|
|
|
Tax |
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
|
|
Net Profit (loss) |
-50.258 |
|
|
|
-47.954 |
|
|
|
-51.760 |
|
|
|
FINANCIAL
RATIOS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10.02-31.12.05 |
|
|
|
2006 |
|
|
|
2007 |
|
|
|
|
|
LIQUIDITY RATIOS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Ratio |
0,12 |
|
|
|
0,02 |
|
|
|
0,06 |
|
|
|
|
|
Acid-Test Ratio |
0,09 |
|
|
|
0,00 |
|
|
|
0,00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ASSET STRUCTURE RATIOS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Inventory/Total Assets |
0,00 |
|
|
|
0,00 |
|
|
|
0,00 |
|
|
|
|
|
Short-term Receivable/Total Assets |
0,00 |
|
|
|
0,00 |
|
|
|
0,00 |
|
|
|
|
|
Tangible Assets/Total Assets |
0,00 |
|
|
|
0,00 |
|
|
|
0,00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TURNOVER RATIOS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Inventory Turnover |
---- |
|
|
|
---- |
|
|
|
---- |
|
|
|
|
|
Stockholders' Equity Turnover |
0,00 |
|
|
|
0,00 |
|
|
|
0,00 |
|
|
|
|
|
Asset Turnover |
0,00 |
|
|
|
0,00 |
|
|
|
0,00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FINANCIAL STRUCTURE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stockholders' Equity/Total Assets |
-7,38 |
|
|
|
-53,14 |
|
|
|
-4,67 |
|
|
|
|
|
Current Liabilities/Total Assets |
8,38 |
|
|
|
54,14 |
|
|
|
5,67 |
|
|
|
|
|
Financial Leverage |
8,38 |
|
|
|
54,14 |
|
|
|
5,67 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PROFITABILITY RATIOS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Profit/Stockholders' Eq. |
1,25 |
|
|
|
0,54 |
|
|
|
0,37 |
|
|
|
|
|
Operating Profit Margin |
---- |
|
|
|
---- |
|
|
|
---- |
|
|
|
|
|
Net Profit Margin |
---- |
|
|
|
---- |
|
|
|
---- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COLLECTION-PAYMENT |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average Collection Period (days) |
---- |
|
|
|
---- |
|
|
|
---- |
|
|
|
|
|
Average Payable Period (days) |
---- |
|
|
|
---- |
|
|
|
---- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
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%)