MIRA
INFORM REPORT
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Report Date : |
28.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
GULSA TASARIM SANAYI VE TICARET LTD STI |
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Registered Office : |
Rihtim Cad. Derya Is Mrk B Blok No:95 Kadikoy Istanbul |
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Country : |
Turkey |
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Date of Incorporation : |
15.09.1998 |
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Com. Reg. No.: |
402955 |
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Legal Form : |
Limited Company |
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Line of Business : |
Design and trade of leather products,
handbags, belts, shoes, underwear. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
COMPANY IDENTIFICATION
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NAME |
: |
GULSA TASARIM SANAYI VE TICARET LTD STI |
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ADDRESS |
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Head Office: Rihtim Cad. Derya Is Mrk B
Blok No:95 Kadikoy Istanbul / Turkey |
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PHONE NUMBER |
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90-216-337 73 05 |
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FAX NUMBER |
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90-216-336 23 47 |
LEGAL STATUS AND HISTORY
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TAX OFFICE / NO |
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Kadikoy / 8330110068 |
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REGISTRATION NUMBER |
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402955 |
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REGISTERED OFFICE |
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Istanbul Chamber of Commerce |
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DATE ESTABLISHED |
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15.09.1998 (Commercial Registry Gazette
Date/No: 21.09.1998/4631) |
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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 5,000 |
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HISTORY |
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Previous Name |
: TECE INSAAT SANAYI VE TICARET LTD STI |
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Name Changed On |
:26.05.2006 (Commercial Registry Gazette
Date/No: 31.05.2006/6567) |
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OWNERSHIP / MANAGEMENT
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SHAREHOLDERS |
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Basak Gulalp Didem Sagman |
50 % 50 % |
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SISTER COMPANIES |
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Declared to be: None |
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GROUP PARENT COMPANY |
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None |
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SUBSIDIARIES |
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None |
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DIRECTORS |
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Temel Sagman |
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OPERATIONS
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BUSINESS
ACTIVITIES |
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Design and trade of leather products,
handbags, belts, shoes, underwear… The subject orders leather to be processed
in the name of the subject company to contract manufacturers. |
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NUMBER OF
EMPLOYEES |
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2 |
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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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IMPORT VALUE |
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None |
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EXPORT COUNTRIES |
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Canada, Denmark, Netherlands |
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MERCHANDISE
EXPORTED |
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Leather belts |
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PREMISES |
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Head Office: Rihtim Cad. Derya Is Mrk B
Blok No:95 Kadikoy Istanbul (rented) |
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FIXED CAPITAL
INVESTMENTS |
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None |
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FINANCE
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MAIN DEALING BANKERS |
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Garanti Bankasi Besiktas branch in
Istanbul |
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PAYMENT BEHAVIOUR |
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We are informed that, sometimes there are payment delays. |
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.-31.01.2008) |
0.42 % |
1.1741 |
1.7303 |
2.3417 |
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%)