MIRA
INFORM REPORT
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Report Date : |
01.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
RM MAGAZACILIK SANAYI VE TICARET LTD. STI. |
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Registered Office : |
Bagdat Cad. Cehiz Apt. No:223 Goztepe
Istanbul |
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Country : |
Turkey |
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Date of Incorporation : |
30.12.2005 |
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Com. Reg. No.: |
574365 |
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Legal Form : |
Limited Company |
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Line of Business : |
Trade of Leather Ready-Wear and Footwear |
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
|
NAME |
: |
RM MAGAZACILIK SANAYI VE TICARET LTD. STI. |
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ADDRESS |
: |
Head Office & Store: Bagdat Cad. Cehiz
Apt. No:223 Goztepe Istanbul / Turkey The
door number was changed from “247” to “223” by the Municipality. |
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PHONE NUMBER |
: |
90-216-358 52 83 |
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FAX NUMBER |
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90-216-358 52 83 |
LEGAL STATUS AND HISTORY
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TAX OFFICE / NO |
: |
Goztepe / 7350555980 |
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REGISTRATION NUMBER |
: |
574365 |
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REGISTERED OFFICE |
: |
Istanbul Chamber of Commerce |
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DATE ESTABLISHED |
: |
30.12.2005 (Commercial Registry Gazette
Date/No:09.01.2006/6470) |
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LEGAL FORM |
: |
Limited Company |
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TYPE OF COMPANY |
: |
Private |
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REGISTERED CAPITAL |
: |
YTL 100,000 |
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PAID-IN CAPITAL |
: |
The paid-in capital is declared to be YTL
100,000. There is no certification for the paid-in capital. |
OWNERSHIP / MANAGEMENT
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SHAREHOLDERS |
: |
Mustafa Resa Mutlu Naciye Rana Mutlu |
50 % 50 % |
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GROUP PARENT COMPANY |
: |
None |
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SISTER COMPANIES |
: |
Reprise Deri Sanayi Ve Ticaret Ltd. Sti. |
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SUBSIDIARIES |
: |
None |
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DIRECTORS |
: |
Mustafa Resa Mutlu |
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OPERATIONS
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BUSINESS
ACTIVITIES |
: |
Trade of leather ready-wear and footwear |
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SECTOR |
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Commerce |
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NUMBER OF
EMPLOYEES |
: |
15 |
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NET SALES |
: |
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 |
: |
(USD) 100,000 |
(2007) |
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IMPORT COUNTRIES |
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Pakistan, Italy, India |
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MERCHANDISE
IMPORTED |
: |
Leather ready wear |
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EXPORT |
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None |
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PREMISES |
: |
Head Office & Store: Bagdat Cad. Cehiz
Apt. No:223 Goztepe Istanbul (600 sqm) (rented) |
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FIXED CAPITAL
INVESTMENTS |
: |
None |
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FINANCE
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MAIN DEALING BANKERS |
: |
Fortisbank Ciftehavuzlar branch in
Istanbul T. Is Bankasi Ciftehavuzlar branch in
Istanbul Akbank Ciftehavuzlar branch in Istanbul HSBC Bank Ciftehavuzlar branch in Istanbul |
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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.-31.07.2008) |
15.18 % |
1.2161 |
1.8679 |
2.4151 |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.43.79 |
|
UK Pound |
1 |
Rs.80.05 |
|
Euro |
1 |
Rs.64.56 |
RATING
EXPLANATIONS
|
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%)