MIRA
INFORM REPORT
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Report Date : |
01.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
KESISYAN VE GUMUSGERDAN HALI SANAYI VE TICARET LTD. STI. |
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Registered Office : |
Basmusahip Sok. No:16 Talashan Zemin 1 Cagaloglu-Istanbul |
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Country : |
Turkey |
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Date of Incorporation : |
1991 |
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Com. Reg. No.: |
519799 |
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Legal Form : |
Limited Company |
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Line of Business : |
The subject was ordering carpets to be manufactured
in the name of the subject company to contract manufacturers however it has
not been active since 2007. |
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 |
NOTE:
The full name of the company was missing at your
inquiry. The name stated at your inquiry “K and G” is the trade name of “Kesisyan ve
Gumusgerdan Hali Sanayi ve Ticaret Ltd. Sti.” which is located at the address
at your inquiry.
COMPANY IDENTIFICATION
|
NAME |
: |
KESISYAN VE GUMUSGERDAN HALI SANAYI VE TICARET LTD. STI. |
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ADDRESS |
: |
Head Office: Basmusahip Sok. No:16
Talashan Zemin 1 Cagaloglu-Istanbul / Turkey |
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PHONE NUMBER |
: |
90-212-512 48 25 |
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FAX NUMBER |
: |
90-212-520 64 19 |
LEGAL STATUS AND HISTORY
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TAX OFFICE / NO |
: |
Hocapasa / 5480022325 |
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REGISTRATION NUMBER |
: |
519799 |
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REGISTERED OFFICE |
: |
Istanbul Chamber of Commerce |
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DATE ESTABLISHED |
: |
1991 |
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LEGAL FORM |
: |
Limited Company |
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TYPE OF COMPANY |
: |
Private |
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REGISTERED CAPITAL |
: |
YTL 1,500,000 |
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PAID-IN CAPITAL |
: |
The paid-in
capital is declared to be YTL 1,500,000 by the company. There is no
certification for this figure. |
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HISTORY |
: |
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Previous Address |
:Nuruosmaniye Cad. No:54/1
Cagaloglu-Istanbul |
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Address Changed On |
:05.09.2005 (Commercial Registry Gazette
Date/No:08.05.2005/6385) |
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Other Historical Events |
: The firm was firstly
established in Korfez-Kocaeli and registered at Korfez Commercial
Registry with registration number 705
in 1991. Then the subject company moved to Istanbul on 01.04.2004 and
registered at Istanbul Commercial Registry with registry number 519799 (Commercial Registry Gazette
Date/No:06.04.2004/6023) |
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OWNERSHIP / MANAGEMENT
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SHAREHOLDERS |
: |
Artin Kesisyan Ahmet Rasim Gumusgerdan |
50 % 50 % |
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GROUP PARENT COMPANY |
: |
None |
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SISTER COMPANIES |
: |
-Berke Halicilik Turizm Sanayi ve Ticaret
Ltd. Sti. |
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SUBSIDIARIES |
: |
None |
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DIRECTORS |
: |
Artin Kesisyan Ahmet Rasim Gumusgerdan |
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OPERATIONS
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BUSINESS
ACTIVITIES |
: |
It is declared that, the subject was ordering
carpets to be manufactured in the name of the subject company to contract
manufacturers however it has not been active since 2007. |
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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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EXPORT |
: |
None |
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PREMISES |
: |
Head Office: Basmusahip Sok. No:16
Talashan Zemin 1 Cagaloglu-Istanbul (rented) |
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FIXED CAPITAL
INVESTMENTS |
: |
None |
FINANCE
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MAIN DEALING BANKERS |
: |
Akbank Nuruosmaniye branch in Istanbul Garanti Bankasi Nuruosmaniye 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. It has to be noted that, the subject has not been active since 2007. |
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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
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.21 |
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UK Pound |
1 |
Rs.79.76 |
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Euro |
1 |
Rs.64.72 |
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%)