MIRA INFORM REPORT
|
Report Date : |
17.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
BEKIR BEZGINER |
|
|
|
|
Registered Office : |
Zafer Mah. 1029. Sok. No:2 Gumusler
Denizli |
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|
|
|
Country : |
Turkey |
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|
|
|
Financials (as on) : |
31.12.2010 |
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|
|
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Date of Incorporation : |
22.04.1998 |
|
|
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|
Legal Form : |
Sole-Proprietorship |
|
|
|
|
Line of Business : |
Wholesale trade of rag
and cloth waste |
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|
|
|
No. of Employees
: |
7 Persons |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
50.000 USD |
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|
|
|
Status : |
Good |
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Payment
Behaviour : |
No Complaints |
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|
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Litigation : |
Clear |
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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Turkey |
b1 |
b1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
REMARKS |
: |
The name stated at your inquiry as "Akkent Tekstil Artigi
Ticareti" is the trade name of the subject "Bekir Bezginer"
which is a sole-proprietorship. |
COMPANY IDENTIFICATION
|
NAME |
: |
BEKIR BEZGINER |
|
HEAD OFFICE ADDRESS |
: |
Zafer Mah. 1029. Sok. No:2 Gumusler Denizli / Turkey |
|
PHONE NUMBER |
: |
90-258 371 81 53 |
|
FAX NUMBER |
: |
90-258-371 81 64 |
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WEB-ADDRESS |
: |
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|
E-MAIL |
: |
LEGAL STATUS AND HISTORY
|
NOTES ON
LEGAL STATUS AND HISTORY |
: |
As the subject
is not obliged to be registered at commercial registry due to its legal form,
it has not registered at Commercial Registry.. Liability of
the subject is not limited to the capital. |
||
|
TAX OFFICE |
: |
Gokpinar |
||
|
TAX NO |
: |
37840180630 |
||
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DATE ESTABLISHED |
: |
22.04.1998 |
||
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REMARKS ON DATE ESTABLISHED |
: |
The subject sole-proprietorship is declared to be established on
22.04.1998. |
||
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LEGAL FORM |
: |
Sole-Proprietorship |
||
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TYPE OF COMPANY |
: |
Private |
||
OWNERSHIP / MANAGEMENT
|
SHAREHOLDERS |
: |
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||||
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REMARKS ON SHAREHOLDERS |
: |
The owner, Bekir Bezginer was born in 1952 and graduated from high
school. |
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SISTER COMPANIES |
: |
Declared to be: None |
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|
DIRECTORS |
: |
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OPERATIONS
|
BUSINESS ACTIVITIES |
: |
Wholesale trade of rag and cloth waste. |
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NACE CODE |
: |
G .51.57 |
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SECTOR |
: |
Commerce |
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NUMBER OF EMPLOYEES |
: |
7 |
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NET SALES |
: |
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CAPACITY |
: |
None |
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PRODUCTION |
: |
None |
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IMPORT VALUE |
: |
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EXPORT VALUE |
: |
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EXPORT COUNTRIES |
: |
Uruguay U.K. China Romania |
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MERCHANDISE EXPORTED |
: |
Cloth waste Rag |
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HEAD OFFICE ADDRESS |
: |
Zafer Mah. 1029. Sok. No:2 Gumusler Denizli / Turkey |
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BRANCHES |
: |
Head Office/Warehouse : Zafer Mah. 1029. Sok. No:2 Gumusler
Denizli/Turkey (rented) (1.200 sqm) |
||||||||
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INVESTMENTS |
: |
None |
|
TREND OF BUSINESS |
: |
There was an upwards trend in
2010. There appears an upwards trend in 1.1 - 30.9.2011. |
|
SIZE OF BUSINESS |
: |
Small |
FINANCE
|
MAIN DEALING BANKS |
: |
T. Is Bankasi Denizli Branch Yapi ve Kredi Bankasi Denizli 1. Sanayi Sitesi Branch |
|
CREDIT FACILITIES |
: |
The subject company is making use of credit facilities. |
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PAYMENT BEHAVIOUR |
: |
No payment delays have come to our knowledge. |
|
KEY FINANCIAL ELEMENTS |
: |
|
COMMENT ON FINANCIAL POSITION
|
Capitalization |
In Order As of 31.12.2010 |
|
Remarks on Capitalization |
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. |
|
Liquidity |
High As of 31.12.2010 |
|
Profitability |
Good Operating Profitability in
2009 Good Net Profitability in 2009 Good Operating Profitability in
2010 Good Net Profitability in 2010 Fair Operating Profitability (01.01-30.09.2011) Fair Net Profitability (01.01-30.09.2011) |
|
Gap between average collection and payable periods |
Unfavorable in 2010 |
|
General Financial Position |
In Order |
CREDIT OPINION WITHOUT OBLIGATION
|
CREDIT OPINION WITHOUT OBLIGATION |
: |
We are of the opinion that, a max. credit of 50.000 USD may be granted
to the subject company. |
|
|
Incr. in producers’ price index |
Average USD/TL |
Average EUR/TL |
Average GBP/ TL |
|
( 2009 ) |
5,93 % |
1,5460 |
2,1529 |
2,4094 |
|
( 2010 ) |
8,87 % |
1,5128 |
2,0096 |
2,3410 |
|
( 01.01-30.09.2011) |
9,72 % |
1,6335 |
2,3016 |
2,6294 |
|
( 01.01-30.11.2011) |
12,20 % |
1,6616 |
2,3280 |
2,6658 |
BALANCE SHEETS
|
|
( 31.12.2009 ) TL |
|
( 31.12.2010 ) TL |
|
|
|
|
CURRENT ASSETS |
308.307 |
0,99 |
300.352 |
0,99 |
|
|
|
Not Detailed Current Assets |
0 |
0,00 |
0 |
0,00 |
|
|
|
Cash and Banks |
40.295 |
0,13 |
100.934 |
0,33 |
|
|
|
Marketable Securities |
0 |
0,00 |
0 |
0,00 |
|
|
|
Account Receivable |
91.282 |
0,29 |
74.183 |
0,25 |
|
|
|
Other Receivable |
0 |
0,00 |
0 |
0,00 |
|
|
|
Inventories |
148.024 |
0,48 |
57.733 |
0,19 |
|
|
|
Advances Given |
12.500 |
0,04 |
58.052 |
0,19 |
|
|
|
Accumulated Construction Expense |
0 |
0,00 |
0 |
0,00 |
|
|
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Other Current Assets |
16.206 |
0,05 |
9.450 |
0,03 |
|
|
|
NON-CURRENT ASSETS |
1.689 |
0,01 |
1.616 |
0,01 |
|
|
|
Not Detailed Non-Current Assets |
0 |
0,00 |
0 |
0,00 |
|
|
|
Long-term Receivable |
0 |
0,00 |
0 |
0,00 |
|
|
|
Financial Assets |
0 |
0,00 |
0 |
0,00 |
|
|
|
Tangible Fixed Assets (net) |
1.689 |
0,01 |
1.616 |
0,01 |
|
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Intangible Assets |
0 |
0,00 |
0 |
0,00 |
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Deferred Tax Assets |
0 |
0,00 |
0 |
0,00 |
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Other Non-Current Assets |
0 |
0,00 |
0 |
0,00 |
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TOTAL ASSETS |
309.996 |
1,00 |
301.968 |
1,00 |
|
|
|
CURRENT LIABILITIES |
171.681 |
0,55 |
111.926 |
0,37 |
|
|
|
Not Detailed Current Liabilities |
0 |
0,00 |
0 |
0,00 |
|
|
|
Financial Loans |
0 |
0,00 |
37.458 |
0,12 |
|
|
|
Accounts Payable |
163.595 |
0,53 |
50.589 |
0,17 |
|
|
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Loans from Shareholders |
0 |
0,00 |
0 |
0,00 |
|
|
|
Other Short-term Payable |
0 |
0,00 |
0 |
0,00 |
|
|
|
Advances from Customers |
18 |
0,00 |
18 |
0,00 |
|
|
|
Accumulated Construction Income |
0 |
0,00 |
0 |
0,00 |
|
|
|
Taxes Payable |
4.318 |
0,01 |
4.330 |
0,01 |
|
|
|
Provisions |
3.750 |
0,01 |
19.531 |
0,06 |
|
|
|
Other Current Liabilities |
0 |
0,00 |
0 |
0,00 |
|
|
|
LONG-TERM LIABILITIES |
0 |
0,00 |
0 |
0,00 |
|
|
|
Not Detailed Long-term Liabilities |
0 |
0,00 |
0 |
0,00 |
|
|
|
Financial Loans |
0 |
0,00 |
0 |
0,00 |
|
|
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Securities Issued |
0 |
0,00 |
0 |
0,00 |
|
|
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Long-term Payable |
0 |
0,00 |
0 |
0,00 |
|
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|
Loans from Shareholders |
0 |
0,00 |
0 |
0,00 |
|
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Other Long-term Liabilities |
0 |
0,00 |
0 |
0,00 |
|
|
|
Provisions |
0 |
0,00 |
0 |
0,00 |
|
|
|
STOCKHOLDERS' EQUITY |
138.315 |
0,45 |
190.042 |
0,63 |
|
|
|
Not Detailed Stockholders' Equity |
138.315 |
0,45 |
190.042 |
0,63 |
|
|
|
Paid-in Capital |
0 |
0,00 |
0 |
0,00 |
|
|
|
Cross Shareholding Adjustment of Capital |
0 |
0,00 |
0 |
0,00 |
|
|
|
Inflation Adjustment of Capital |
0 |
0,00 |
0 |
0,00 |
|
|
|
Equity of Consolidated Firms |
0 |
0,00 |
0 |
0,00 |
|
|
|
Reserves |
0 |
0,00 |
0 |
0,00 |
|
|
|
Revaluation Fund |
0 |
0,00 |
0 |
0,00 |
|
|
|
Accumulated Losses(-) |
0 |
0,00 |
0 |
0,00 |
|
|
|
Net Profit (loss) |
0 |
0,00 |
0 |
0,00 |
|
|
|
TOTAL LIABILITIES AND EQUITY |
309.996 |
1,00 |
301.968 |
1,00 |
|
|
INCOME STATEMENTS
|
|
(2009) TL |
|
(2010) TL |
|
(01.01-30.09.2011)
TL |
|
|
Net Sales |
387.012 |
1,00 |
977.500 |
1,00 |
1.031.369 |
1,00 |
|
Cost of Goods Sold |
311.629 |
0,81 |
793.326 |
0,81 |
936.469 |
0,91 |
|
Gross Profit |
75.383 |
0,19 |
184.174 |
0,19 |
94.900 |
0,09 |
|
Operating Expenses |
53.650 |
0,14 |
109.459 |
0,11 |
71.023 |
0,07 |
|
Operating Profit |
21.733 |
0,06 |
74.715 |
0,08 |
23.877 |
0,02 |
|
Other Income |
953 |
0,00 |
1.523 |
0,00 |
0 |
0,00 |
|
Other Expenses |
1.919 |
0,00 |
4.980 |
0,01 |
9 |
0,00 |
|
Financial Expenses |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
|
Minority Interests |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
|
Profit (loss) of consolidated firms |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
|
Profit (loss) Before Tax |
20.767 |
0,05 |
71.258 |
0,07 |
23.868 |
0,02 |
|
Tax Payable |
3.750 |
0,01 |
19.530 |
0,02 |
0 |
0,00 |
|
Postponed Tax Gain |
0 |
0,00 |
0 |
0,00 |
0 |
0,00 |
|
Net Profit (loss) |
17.017 |
0,04 |
51.728 |
0,05 |
23.868 |
0,02 |
FINANCIAL
RATIOS
|
|
(2009) |
(2010) |
|
|
LIQUIDITY RATIOS |
|
|
|
|
Current Ratio |
1,80 |
2,68 |
|
|
Acid-Test Ratio |
0,77 |
1,56 |
|
|
Cash Ratio |
0,23 |
0,90 |
|
|
ASSET STRUCTURE RATIOS |
|
|
|
|
Inventory/Total Assets |
0,48 |
0,19 |
|
|
Short-term Receivable/Total Assets |
0,29 |
0,25 |
|
|
Tangible Assets/Total Assets |
0,01 |
0,01 |
|
|
TURNOVER RATIOS |
|
|
|
|
Inventory Turnover |
2,11 |
13,74 |
|
|
Stockholders' Equity Turnover |
2,80 |
5,14 |
|
|
Asset Turnover |
1,25 |
3,24 |
|
|
FINANCIAL STRUCTURE |
|
|
|
|
Stockholders' Equity/Total Assets |
0,45 |
0,63 |
|
|
Current Liabilities/Total Assets |
0,55 |
0,37 |
|
|
Financial Leverage |
0,55 |
0,37 |
|
|
Gearing Percentage |
1,24 |
0,59 |
|
|
PROFITABILITY RATIOS |
|
|
|
|
Net Profit/Stockholders' Eq. |
0,12 |
0,27 |
|
|
Operating Profit Margin |
0,06 |
0,08 |
|
|
Net Profit Margin |
0,04 |
0,05 |
|
|
Interest Cover |
|
|
|
|
COLLECTION-PAYMENT |
|
|
|
|
Average Collection Period (days) |
84,91 |
27,32 |
|
|
Average Payable Period (days) |
188,99 |
22,96 |
|
|
WORKING CAPITAL |
136626,00 |
188426,00 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.81 |
|
UK Pound |
1 |
Rs.82.00 |
|
Euro |
1 |
Rs.68.81 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.