MIRA
INFORM REPORT
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Report Date : |
12.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
KEREM PLASTIK ELEKTRIK SANAYI VE TICARET LTD. STI. |
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Registered Office : |
Yenidogan Mah. Abdi Ipekci Cad. No:166 Bodrum Kat Bayrampasa –
Istanbul |
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Country : |
Turkey |
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Date of Incorporation : |
06.07.2006 |
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Com. Reg. No.: |
594414 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacture and Trade of PVC Granules |
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
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NAME |
: |
KEREM PLASTIK ELEKTRIK SANAYI VE TICARET LTD. STI. |
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ADDRESS |
: |
Head Office/Production Plant: Yenidogan
Mah. Abdi Ipekci Cad. No:166 Bodrum Kat Bayrampasa – Istanbul / Turkey |
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PHONE NUMBER |
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90-212-567 66 03 |
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FAX NUMBER |
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90-212-613 18 96 |
LEGAL STATUS AND HISTORY
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TAX OFFICE / NO |
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Rami / 5440570168 |
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REGISTRATION NUMBER |
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594414 |
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REGISTERED OFFICE |
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Istanbul Chamber of Commerce |
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DATE ESTABLISHED |
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06.07.2006 (Commercial Registry Gazette
Date/No: 12.07.2006 / 6597) |
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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 750,000 |
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PAID-IN CAPITAL |
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The paid-in
capital is declared to be YTL 750,000 by the subject company. There is no
certification for this figure. |
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HISTORY |
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Previous
Registered Capital |
: YTL 100,000 |
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Regist. Capital Changed on |
: 24.12.2007 (Commercial Registry Gazette
Date/No: 27.12.2007 / 6965) |
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Previous Address |
: Merkez Efendi Mah. Gumussuyu Cad. No:39
Bayrampasa – Istanbul |
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Address Changed On |
: 22.11.2007 (Commercial Registry Gazette
Date/No: 27.11.2007 / 6945) |
OWNERSHIP / MANAGEMENT
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SHAREHOLDERS |
: |
Kadir Duymac Yalcin Yilmaz |
67 % |
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DIRECTORS |
: |
Kadir Duymac Yalcin Yilmaz |
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OPERATIONS
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BUSINESS
ACTIVITIES |
: |
Manufacture and trade of PVC granules |
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SECTOR |
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Plastic |
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NUMBER OF
EMPLOYEES |
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12 |
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NET SALES |
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n.a. |
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REMARKS ON NET
SALES |
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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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PRODUCTION |
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(Tons) 600 3,600 5,200 |
(06.07.-31.12.2006) (2007) (01.01.-31.08.2008) |
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IMPORT COUNTRIES |
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China, India |
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MERCHANDISE
IMPORTED |
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PVC resin, chloro paraffin |
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EXPORT COUNTRIES |
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Ukraine, Bulgaria, Greece… |
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MERCHANDISE
EXPORTED |
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PVC granule |
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PREMISES |
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Head Office/Production Plant: Yenidogan
Mah. Abdi Ipekci Cad. No:166 Bodrum Kat Bayrampasa – Istanbul (rented) (1,200
sqm) |
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FINANCE
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MAIN DEALING BANKERS |
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Turk Ekonomi Bankasi Bayrampasa branch in
Istanbul Akbank Topkapi Sanayi branch in Istanbul |
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PAYMENT BEHAVIOUR |
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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 |
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(2007) |
5.94 % |
1.3075 |
1.7901 |
2.6133 |
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(1.1.-31.08.2008) |
12.49 % |
1.2121 |
1.8537 |
2.3867 |
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FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.77 |
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UK Pound |
1 |
Rs.80.67 |
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Euro |
1 |
Rs.64.20 |
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%)