MIRA INFORM REPORT

 

 

Report Date :

17.01.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

CAN MERMER VE DOGAL TAS TICARETI-GUNAY KART

 

 

Registered Office :

Ankara Karayolu 14. Km Merkez Afyon

 

 

Country :

Turkey

 

 

Year of Establishment :

2002

 

 

Com. Reg. No.:

8433

 

 

Legal Form :

Sole-Proprietorship

 

 

Line of Business :

Wholesale trade of granite and marble. 

 

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 – 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

 

 

NOTES

:

Full name of the firm was missing at your inquiry.

 

 

COMPANY IDENTIFICATION

 

NAME

:

CAN MERMER VE DOGAL TAS TICARETI-GUNAY KART

HEAD OFFICE ADDRESS

:

Ankara Karayolu 14. Km Merkez Afyon / Turkey

PHONE NUMBER

:

90-272-223 18 82

 

FAX NUMBER

:

90-272-223 18 83

 

 

 

LEGAL STATUS AND HISTORY

 

NOTES ON LEGAL STATUS AND HISTORY

:

Liability of the subject is not limited to the capital.

 

 

TAX OFFICE

:

Tinaztepe

TAX NO

:

26525582128

REGISTRATION NUMBER

:

8433

REGISTERED OFFICE

:

Afyonkarahisar Chamber of Commerce and Industry

DATE ESTABLISHED

:

2002

ESTABLISHMENT GAZETTE DATE/NO

:

22.05.2002/5553

LEGAL FORM

:

Sole-Proprietorship

TYPE OF COMPANY

:

Private

 

 

OWNERSHIP / MANAGEMENT

 

SHAREHOLDERS

:

Gunay Kart

100 %

 

 

REMARKS ON SHAREHOLDERS

:

The owner, Gunay Kart was born in 1966.

 

DIRECTORS

:

Gunay Kart

 

 

 

 

OPERATIONS

 

BUSINESS ACTIVITIES

:

Wholesale trade of granite and marble. 

 

SECTOR

:

Commerce

 

NUMBER OF EMPLOYEES

:

5

 

NET SALES

:

522.285 TL

(2005) 

1.242.801 TL

(2006) 

2.700.596 TL

(2007) 

2.406.402 TL

(01.01-30.09.2008) 

 

 

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 fresh financial data. As the firm’s shares are not open to public it is not obliged to announce its data.

 

IMPORT COUNTRIES

:

China

India

Spain

 

MERCHANDISE IMPORTED

:

Granite

 

EXPORT VALUE

:

95.130 TL

(2005)

88.421 TL

(2006)

54.400 TL

(2007)

60.545 TL

(01.01-30.09.2008)

 

 

EXPORT COUNTRIES

:

India

Singapore

Saudi Arabia

Northern Cyprus Turkish Republic

Austria

 

MERCHANDISE  EXPORTED

:

Marble

 

HEAD OFFICE ADDRESS

:

Ankara Karayolu 14. Km Merkez Afyon / Turkey ( rented )

 

INVESTMENTS

:

None

 

 

FINANCE

 

MAIN DEALING BANKS

:

Halk Bankasi Afyonkarahisar Branch

T.Is Bankasi Afyonkarahisar 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. 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.

 

 

CREDIT OPINION WITHOUT OBLIGATION

 

CREDIT OPINION WITHOUT OBLIGATION

 

:

In view of the lack of detailed financial data, we have no basis to talk about a business relation without security.

 

 

 

Incr. in producers’ price index

 

Average USD/TL

Average EUR/TL

Average GBP/ TL

 ( 2005 )

2,66 %

1,3499

1,6882

2,4623

 ( 2006 )

11,58 %

1,4309

1,7987

2,6377

 ( 2007 )

5,94 %

1,3075

1,7901

2,6133

 ( 01.01-30.09.2008)

11,48 %

1,2146

1,8490

2,3755

 ( 2008 )

8,11 %

1,2858

1,8876

2,3708

 ( 2010 )

8,87 %

1,5128

2,0096

2,3410


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.45.30

UK Pound

1

Rs.71.73

Euro

1

Rs.60.40

 

 

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.