MIRA INFORM REPORT

Report Date :

16.08.2011

IDENTIFICATION DETAILS

Name :	HACI ALCAY TICARET-ABDULKADIR AL

Registered Office :	Yesiloba Mah. 46003 Sok. No:3/270 Atikop Ici 1100 Seyhan Adana

Country :	Turkey

Date of Incorporation :	30.10.2007

Com. Reg. No.:	53276

Legal Form :	Sole-Proprietorship

Line of Business :	Manufacturing, packaging and blending of tea

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended

Status :	Moderate

Payment Behaviour :	Usually Correct

Litigation :	--

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – March 31^st, 2011

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

Turkey

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

NOTES

Address is different from the address at your inquiry.

COMPANY IDENTIFICATION


NAME	:	HACI ALCAY TICARET-ABDULKADIR AL
HEAD OFFICE ADDRESS	:	Yesiloba Mah. 46003 Sok. No:3/270 Atikop Ici 1100 Seyhan Adana / Turkey
REMARKS ON HEAD OFFICE ADDRESS	:	The a.m address is the registered address of the firm. However we are unable to determine the relation between the company and the address stated at your inquiry as "Yesiloba Mah. Arikop T. Sitesi 12. Blok No:16 Seyhan Adana" as the subject strictly declines to give us an information.
PHONE NUMBER	:	90-322-429 59 05 90-532-621 78 44 (Gsm number of the owner ABDULKADIR AL)
FAX NUMBER	:	90-322-429 59 05

LEGAL STATUS AND HISTORY


NOTES ON LEGAL STATUS AND HISTORY	:	Liability of the subject is not limited to the capital.
REGISTRATION NUMBER	:	53276
REGISTERED OFFICE	:	Adana Chamber of Commerce
DATE ESTABLISHED	:	30.10.2007
ESTABLISHMENT GAZETTE DATE/NO	:	12.11.2007/6934

LEGAL FORM	:	Sole-Proprietorship
TYPE OF COMPANY	:	Private

OWNERSHIP / MANAGEMENT

SHAREHOLDERS

Abdulkadir Al	100 %

DIRECTORS

Abdulkadir Al

OPERATIONS


BUSINESS ACTIVITIES	:	Manufacturing, packaging and blending of tea
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 financial data. As the firm’s shares are not open to public it is not obliged to announce its data.
HEAD OFFICE ADDRESS	:	Yesiloba Mah. 46003 Sok. No:3/270 Atikop Ici 1100 Seyhan Adana / Turkey

FINANCE


PAYMENT BEHAVIOUR	:	No payment delays have come to our knowledge.

COMMENT ON FINANCIAL POSITION

General Financial Position

General financial position is 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. The liability of the sole-proprietorships is not limited to the capital. The owners of the sole-proprietorships are responsible for the debts of the sole-proprietorships with all of their personal wealth.

	Incr. in producers’ price index	Average USD/TL	Average EUR/TL	Average GBP/ TL
( 2007 )	5,94 %	1,3075	1,7901	2,6133
( 2008 )	8,11 %	1,2858	1,8876	2,3708
( 2009 )	5,93 %	1,5460	2,1529	2,4094
( 2010 )	8,87 %	1,5128	2,0096	2,3410
( 01.01-31.07.2011)	6,18 %	1,5901	2,2465	2,5668

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.37
UK Pound	1	Rs.73.53
Euro	1	Rs.64.36

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
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
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
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
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
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.