MIRA INFORM REPORT

 

 

Report Date :

06.01.2011

 

IDENTIFICATION DETAILS

 

Name :

TEMEL-JUT MAMULLERI SANAYI VE TICARET A.S.

 

 

Registered Office :

Sekeroglu Mh. Uzun Carsi No:51 Merkez Gaziantep

 

 

Country :

Turkey

 

 

Date of Incorporation :

27.12.2002

 

 

Com. Reg. No.:

24197

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Subject was dealing with trade of yarn

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Stopped Active Operation

 

 

Payment Behaviour :

Unknown

 

 

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 – June 30, 2010

 

Country Name

Previous Rating

                   (01.04.2010)                  

Current Rating

(30.06.2010)

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

:

TEMEL-JUT MAMULLERI SANAYI VE TICARET A.S.

HEAD OFFICE ADDRESS

:

Sekeroglu Mh. Uzun Carsi No:51 Merkez Gaziantep / Turkey

PHONE NUMBER

:

90-342-230 50 34

90-342-337 85 87

 

FAX NUMBER

:

90-342-337 85 88

 

 

 

LEGAL STATUS AND HISTORY

 

REGISTRATION NUMBER

:

24197

REGISTERED OFFICE

:

Gaziantep Chamber of Commerce

DATE ESTABLISHED

:

27.12.2002

ESTABLISHMENT GAZETTE DATE/NO

:

03.03.2003/5747

LEGAL FORM

:

Joint Stock Company

TYPE OF COMPANY

:

Private

REGISTERED CAPITAL

:

TL   240.000

HISTORY

:

Previous Registered Capital

:

TL 100.000

Changed On

:

14.07.2006 (Commercial Gazette Date /Number 02.08.2006/ 6612)

 

 

OWNERSHIP / MANAGEMENT

 

SHAREHOLDERS

:

Muhammet Hakan Ozturan

50 %

Hale Karaturan

25 %

Sedat Ozturan

22 %

Ibrahim Ozturan

1 %

M. Tolga Gogus

1 %

Munevver Ozturan

1 %

 

 

BOARD OF DIRECTORS

:

Muhammet Hakan Ozturan

Chairman

Sedat Ozturan

Vice-Chairman

Hale Karaturan

Member

 

 

OPERATIONS

 

NOTES ON OPERATIONS

:

Stopped active operation.

 

 

BUSINESS ACTIVITIES

:

The firm which was dealing with trade of yarn has declared that, it has stopped active operation 3 years ago.

 

REMARKS ON NET SALES

:

The firm has declared that, it has not been operating actively for last 3 years.

 

HEAD OFFICE ADDRESS

:

Sekeroglu Mh. Uzun Carsi No:51 Merkez Gaziantep / Turkey

 

BRANCHES

:

Warehouse  :  3. Organize Sanayi Bolgesi Batalli Bulvari No:15 Baspinar (idle) Gaziantep/Turkey

 

 

 

FINANCE

 

PAYMENT BEHAVIOUR

:

We are informed about a single payment delay in the former years which was resolved later on but no payment delays have come to our knowledge in the last years.

 

 

 

 

 

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

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.20

UK Pound

1

Rs.70.27

Euro

1

Rs.59.99

 

 

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.