MIRA
INFORM REPORT
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Report Date : |
09.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
ALIF TEKSTIL SANAYI VE DIS TICARET LTD STI |
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Registered Office : |
Merkez Efendi Mah.
Ciftehavuzlar Yolu Askeri Firin Sok. Calik San. Sit. No:113 D:24-25-26
Zeytinburnu Istanbul |
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Country : |
Turkey |
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Date of Incorporation : |
03.10.2006 |
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Com. Reg. No.: |
602378 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacture and Trade of Velvet Rug, Prayer Rug. |
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 address at your inquiry is the former address of the firm. The
company moved from “Muratpasa Mah. Dokumculer Sok. No:6 Bayrampasa
Istanbul/Turkey” to “Merkez Efendi Mah. Ciftehavuzlar Yolu Askeri Firin Sok.
Calik San. Sit. No:113 D:24-25-26 Zeytinburnu Istanbul/Turkey” on 20.07.2007.
COMPANY IDENTIFICATION
|
NAME |
: |
ALIF TEKSTIL
SANAYI VE DIS TICARET LTD STI |
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ADDRESS |
: |
Head Office:Merkez Efendi Mah. Ciftehavuzlar Yolu Askeri Firin Sok. Calik
San. Sit. No:113 D:24-25-26 Zeytinburnu Istanbul / Turkey Production Plant: Merkez Efendi Mah. Ciftehavuzlar Yolu Askeri Firin
Sok. Calik San. Sit. No:113 D:32-33-34-35 Zeytinburnu Istanbul / Turkey |
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PHONE NUMBER |
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90-212-418 22 65 |
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FAX NUMBER |
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90-212-493 46 57 |
LEGAL STATUS AND HISTORY
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TAX OFFICE / NO |
: |
Davutpasa / 0530480085 |
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REGISTRATION NUMBER |
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602378 |
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REGISTERED OFFICE |
: |
Istanbul Chamber Of Commerce |
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DATE ESTABLISHED |
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03.10.2006 (Commercial Registry Gazette Date/No: 09.10.2006/6659) |
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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 |
: |
YTL 50,000 |
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HISTORY |
: |
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Previous Address |
:Muratpasa Mah. Dokumculer Sok. No:6 Bayrampasa Istanbul |
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Address Changed On |
:20.07.2007 (Commercial Registry Gazette Date/No: 25.07.2007/6859) |
OWNERSHIP / MANAGEMENT
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SHAREHOLDERS |
: |
Omer Arslan Semih Burcin Acar |
50 % 50 % |
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GROUP PARENT COMPANY |
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None |
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SISTER COMPANIES |
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None |
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DIRECTORS |
: |
Omer Arslan Semih Burcin Acar |
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OPERATIONS
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BUSINESS ACTIVITIES |
: |
Manufacture and trade of velvet rug, prayer rug. The subject also deals with marketing of turn key projects of velvet
weaving facilities |
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TRADEMARK(S) |
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“Alif” |
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NUMBER OF EMPLOYEES |
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21 |
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NET SALES |
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(YTL Thousand) 2,900 1,400 |
(2007) (1.1-31.08.2008) |
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REMARKS ON NET SALES |
: |
The sales figures are declared by the company. There is no
certification for these figures. |
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CAPACITY |
: |
(Units/Yr) 1,600,000 |
(2007) |
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PRODUCTION |
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(Units) 1,480,000 |
(2007) |
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IMPORT COUNTRIES |
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India |
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MERCHANDISE IMPORTED |
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Yarn |
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EXPORT COUNTRIES |
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Singapore, Malaysia, Bangladesh, UAE, Ethiopia, Germany, Netherlands… |
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MERCHANDISE EXPORTED |
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Rug-making sets, carpets |
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PREMISES |
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Head Office:Merkez Efendi Mah. Ciftehavuzlar Yolu Askeri Firin Sok.
Calik San. Sit. No:113 D:24-25-26 Zeytinburnu Istanbul (owned) Production Plant: Merkez Efendi Mah. Ciftehavuzlar Yolu Askeri Firin
Sok. Calik San. Sit. No:113 D:22-23 Zeytinburnu Istanbul Production Plant: Merkez Efendi Mah. Ciftehavuzlar Yolu Askeri Firin
Sok. Calik San. Sit. No:113 D:32-33-34-35 Zeytinburnu Istanbul |
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FIXED CAPITAL INVESTMENTS |
: |
None |
FINANCE
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MAIN DEALING BANKERS |
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Finansbank Bayrampasa branch in Istanbul |
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PAYMENT BEHAVIOUR |
: |
We are informed
about a single payment delay in the last years which was resolved later on |
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KEY FINANCIAL ELEMENTS |
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Net Sales Profit (Loss) Before Tax |
2007 (YTL Thousand) 2,900 84 |
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The
financial figures are declared by the
company. There is no certification for these figures |
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COMMENT ON FINANCIAL POSITION
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GENERAL FINANCIAL POSITION |
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The profitability
was fair in 2007. However the general
financial position is undetermined. The firm declines to give us an
authorization to gather its detailed 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.-31.07.2008) |
15.18 % |
1.2161 |
1.8679 |
2.4151 |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.89 |
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UK Pound |
1 |
Rs.78.86 |
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Euro |
1 |
Rs.63.33 |
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%)