MIRA
INFORM REPORT
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Report Date : |
11.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
FABEKS DIS TICARET A.S. |
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Registered Office : |
Mithatpasa Mah. Uzun Kemer Mevkii Selanik Bulvari No: 131
Kemerburgaz-Istanbul |
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Country : |
Turkey |
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Date of Incorporation : |
05.03.1990 |
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Com. Reg. No.: |
263287 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Trade of Ready Wear, Iron and Steel Raw Materials Semi Finished and
Finished Steel Products. |
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 |
REMARKS
The address of the firm was changed from “Selanik Bulvari
No: 77” to “Selanik Bulvari No: 131” by the Municipality and this change was
registered at Commercial Registry on 17.12.2007.
COMPANY IDENTIFICATION
|
NAME |
: |
FABEKS DIS TICARET A.S. |
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ADDRESS |
: |
Head Office: Mithatpasa Mah. Uzun Kemer
Mevkii Selanik Bulvari No: 131 Kemerburgaz-Istanbul / Turkey |
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PHONE NUMBER |
: |
90-212-360 09 90 |
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FAX NUMBER |
: |
90-212-360 08 80 |
LEGAL STATUS AND HISTORY
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TAX OFFICE / NO |
: |
Bogazici Kurumlar / 3840035031 |
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REGISTRATION NUMBER |
: |
263287 |
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REGISTERED OFFICE |
: |
Istanbul Chamber of Commerce |
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DATE ESTABLISHED |
: |
05.03.1990 (Commercial Registry Gazette
Date/No:09.03.1990/2482) |
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LEGAL FORM |
: |
Joint Stock Company |
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TYPE OF COMPANY |
: |
Private |
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REGISTERED CAPITAL |
: |
YTL 3,000,000 |
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HISTORY |
: |
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Previous
Registered Capital |
:YTL 1,000,000 |
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Regist. Capital Changed on |
: 28.12.2005 (Commercial Registry Gazette
Date/No: 02.01.2006/6465) |
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OWNERSHIP / MANAGEMENT
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SHAREHOLDERS |
: |
Bijen Zamanpur Aysen Zamanpur Fatma Selmin Korman Mehmet Mengu Altinordu Zehra Kandemir |
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BOARD OF DIRECTORS |
: |
Bijen Zamanpur Aysen Zamanpur Fatma Selmin Korman Zehra Kandemir Gonca Turgay |
Chairman Vice-Chairman Member Member Member |
OPERATIONS
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BUSINESS
ACTIVITIES |
: |
Trade of ready wear, iron and steel raw
materials semi finished and finished steel products. The subject orders ready wear products to
be manufactured in the name of the subject company to contract manufacturers
in China. |
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TRADEMARKS
TRADED |
: |
Silk and Cashmere |
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NET SALES |
: |
n.a. |
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REMARKS ON NET
SALES |
: |
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 As the firm’s shares are not open to public it is not obliged to
announce its data. |
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IMPORT COUNTRIES |
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China |
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MERCHANDISE
IMPORTED |
: |
Ready wear products |
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EXPORT COUNTRIES |
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UK, Switzerland, Kazakhstan, Netherlands,
Japan, Belgium, Russia, Greece, Germany, France, Ireland, Croatia… |
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MERCHANDISE
EXPORTED |
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Ready wear products |
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PREMISES |
: |
Head Office: Mithatpasa Mah. Uzun Kemer Mevkii
Selanik Bulvari No: 131 Kemerburgaz-Istanbul There are stores in Etiler, Zincirlikuyu,
Caddebostan, Nisantasi, Icerenkoy, Mecidiyekoy, Atakoy, Ataturk Free Zone in
Istanbul and in Ankara, Bodrum, Kayseri, Gaziantep, Izmir, Eskisehir, Mersin
and also abroad. |
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FIXED CAPITAL
INVESTMENTS |
: |
None |
FINANCE
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PAYMENT BEHAVIOUR |
: |
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 |
|
(2007) |
5.94 % |
1.3075 |
1.7901 |
2.6133 |
|
(1.1.-30.09.2008) |
11.48 % |
1.2146 |
1.8490 |
2.3755 |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.48.72 |
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UK Pound |
1 |
Rs.82.17 |
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Euro |
1 |
Rs.65.90 |
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%)