MIRA INFORM REPORT

 

 

Report Date :           

29.12.2011

 

IDENTIFICATION DETAILS

 

Name :

EMINOGLU S.B.V. MERMER INSAAT TURIZM SANAYI VE TICARET LTD. STI.

 

 

Registered Office :

Yesillik Cad. No:261/B Karabaglar  Izmir

 

 

Country :

Turkey

 

 

Date of Incorporation :

01.02.2011

 

 

Com. Reg. No.:

152652-Merkez

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Quarrying, processing and trade of marble

 

 

No. of Employees :

200 persons

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

----

NB

New Business

----

 

Status :

New Company

 

 

Payment Behaviour :

Unknown

 

 

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

:

EMINOGLU S.B.V. MERMER INSAAT TURIZM SANAYI VE TICARET LTD. STI.

HEAD OFFICE ADDRESS

:

Yesillik Cad. No:261/B Karabaglar  Izmir / Turkey

PHONE NUMBER

:

90-232-264 96 96

90-232-869 01 96

 

FAX NUMBER

:

90-232-264 94 94

90-232-869 01 94

 

 

LEGAL STATUS AND HISTORY

 

NOTES ON LEGAL STATUS AND HISTORY

:

The paid-in capital is declared by the subject. There is no certification for the paid-in capital..

 

 

TAX OFFICE

:

Gaziemir

TAX NO

:

3330715534

REGISTRATION NUMBER

:

152652-Merkez

REGISTERED OFFICE

:

Izmir Chamber of Commerce

DATE ESTABLISHED

:

01.02.2011

ESTABLISHMENT GAZETTE DATE/NO

:

07.02.2011/7746

LEGAL FORM

:

Limited Company

TYPE OF COMPANY

:

Private

REGISTERED CAPITAL

:

TL   10.170.000

PAID-IN CAPITAL

:

TL   10.170.000

HISTORY

:

Previous Registered Capital

:

TL 210.000

Changed On

:

01.03.2011 (Commercial Gazette Date /Number 07.03.2011/ 7766)

Other Changes

:

The subject took over the sole-proprietorship " Eminoglu Mermer Insaat Turizm Sanayi ve Ticaret-Sabahattin Vatansever" as capital share of " Sabahattin Vatansever".

Changed On

:

01.03.2011 (Commercial Gazette Date /Number 07.03.2011/ 7766)

 

 

OWNERSHIP / MANAGEMENT

 

SHAREHOLDERS

:

Sabahattin Vatansever

98,03 %

Baris Vatansever

1,97 %

 

 

SISTER COMPANIES

:

Declared to be: None

 

SUBSIDIARIES

:

Declared to be: None

 

DIRECTORS

:

Sabahattin Vatansever

 

 

 

OPERATIONS

 

NOTES ON OPERATIONS

:

Firm is young but it is the successor of an old company.

 

 

BUSINESS ACTIVITIES

:

Quarrying, processing and trade of marble.   It has to be noted that, the business line of the sole-proprietorship "Eminoglu Mermer Insaat Turizm Sanayi ve Ticaret-Sabahattin Vatansever"  which was established in 04.02.1999 was transferred to the subject company 01.02.2011.  

 

NACE CODE

:

CB.14.11

 

SECTOR

:

Mining

 

 

NUMBER OF EMPLOYEES

:

200

 

NET SALES

:

7.500.000 TL

(01.02-31.10.2011) 

 

 

REMARKS ON NET SALES

:

The turnover figure of 01.02.-31.10.2011 is declared by the company. There is no certification for this figure.

 

IMPORT COUNTRIES

:

Spain

China

Italy

 

MERCHANDISE IMPORTED

:

Granite

 

EXPORT COUNTRIES

:

China

Russia

Poland

 

MERCHANDISE  EXPORTED

:

Marble

 

HEAD OFFICE ADDRESS

:

Yesillik Cad. No:261/B Karabaglar  Izmir / Turkey

 

BRANCHES

:

Processing Plant  :  Kemalpasa Yolu 5. Km Torbali Izmir/Turkey

 

Mine  :  Kavaklidere Milas Mugla/Turkey

 

Mine  :  Yigilca Duzce/Turkey

 

 

 

TREND OF BUSINESS

:

Undetermined; young business.

 

 

FINANCE

 

MAIN DEALING BANKS

:

Garanti Bankasi Karabaglar Branch

T. Halk Bankasi Karabaglar Branch

T. Is Bankasi Gaziemir Ticari Branch

Yapi ve Kredi Bankasi Pasakopru Karabaglar 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

 ( 01.01-30.11.2011)

12,20 %

1,6616

2,3280

2,6658

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.21

UK Pound

1

Rs.83.32

Euro

1

Rs.69.51

 

 

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%)

 

 

 

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