MIRA INFORM REPORT

 

 

Report Date :           

20.12.2011

 

IDENTIFICATION DETAILS

 

Name :

ORSA DERI TEKSTIL SANAYI VE TICARET LTD. STI.

 

 

Registered Office :

Baris Mah. Kucuk Sanayi Sitesi Mezbaha Sokak No:2/A Safranbolu Karabuk

 

 

Country :

Turkey

 

 

Date of Incorporation :

30.07.2002

 

 

Com. Reg. No.:

1508

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Processing of leather, manufacture and trade of leather ready-wear. 

 

 

No. of Employees :

140 persons

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate 

Payment Behaviour :

No Complaints

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

 

 COMPANY IDENTIFICATION

 

NAME

:

ORSA DERI TEKSTIL SANAYI VE TICARET LTD. STI.

HEAD OFFICE ADDRESS

:

Baris Mah. Kucuk Sanayi Sitesi Mezbaha Sokak No:2/A Safranbolu Karabuk / Turkey

PHONE NUMBER

:

90-212-222 65 65 (Branch Office)

90-370 712 39 24

90-370-712 09 08

 

FAX NUMBER

:

90-212-222 65 12 (Branch Office)

90-370-712 10 63

 

E-MAIL

:

info@orsaderi.com

 

 

LEGAL STATUS AND HISTORY

 

TAX OFFICE

:

Safranbolu

TAX NO

:

6470201000

REGISTRATION NUMBER

:

1508

REGISTERED OFFICE

:

Safranbolu Chamber of Commerce and Industry

DATE ESTABLISHED

:

30.07.2002

ESTABLISHMENT GAZETTE DATE/NO

:

02.08.2002/5625

LEGAL FORM

:

Limited Company

TYPE OF COMPANY

:

Private

REGISTERED CAPITAL

:

TL   250.000

HISTORY

:

Previous Registered Capital

:

TL 10.000

Changed On

:

17.06.2005 (Commercial Gazette Date /Number 22.06.2005/ 6330)

Previous Shareholder

:

Please vide Previous Shareholders section for the former shareholders' names.

Changed On

:

16.05.2011 (Commercial Gazette Date /Number 25.05.2011/ 7822)

Other Changes

:

The company was firstly established in Istanbul and it was registered at Istanbul  Commercial Registry with registration number 480404.Then the company moved to Karabuk and registered at Safranbolu Commercial Registry under the registration with number 1508.

Changed On

:

27.03.2003 (Commercial Gazette Date /Number 02.04.2003/ 5769)

 

 

 

PREVIOUS SHAREHOLDERS

:

Ceren Terziahmetoglu

50 %

Sukun Unan

50 %

 

 

OWNERSHIP / MANAGEMENT

 

SHAREHOLDERS

:

Sukun Unan

50 %

Halil Terziahmetoglu

50 %

 

 

SISTER COMPANIES

:

Declared to be:None

 

SUBSIDIARIES

:

Declared to be:None

 

DIRECTORS

:

Sukun Unan

 

Halil Terziahmetoglu

 

 

 

OPERATIONS

 

BUSINESS ACTIVITIES

:

Processing of leather, manufacture and trade of leather ready-wear. 

 

NACE CODE

:

DB.18.10

 

SECTOR

:

Leather

 

 

NUMBER OF EMPLOYEES

:

140

 

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.

 

IMPORT COUNTRIES

:

U.S.A.

France

 

MERCHANDISE IMPORTED

:

Leather

 

HEAD OFFICE ADDRESS

:

Baris Mah. Kucuk Sanayi Sitesi Mezbaha Sokak No:2/A Safranbolu Karabuk / Turkey

 

BRANCHES

:

Head Office/Factory  :  Baris Mah. Kucuk Sanayi Sitesi Mezbaha Sokak No:2/A Safranbolu Karabuk/Turkey

 

Branch Office  :  Piyale pasa Bulv. Ortadogu Plaza Kat :9 Okmeydani Sisli Istanbul/Turkey

 

Administrative Office  :  Bekciler San. Sitesi Ataturk Mah. No:12/13 Horozkoy Manisa/Turkey

 

 

FINANCE

 

MAIN DEALING BANKS

:

Turk Ekonomi Bankasi Zeytinburnu Branch

 

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.

 

 

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

 ( 01.01-30.11.2011)

12,20 %

1,6616

2,3280

2,6658

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.96

UK Pound

1

Rs.82.04

Euro

1

Rs.68.91

 

 

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.