MIRA INFORM REPORT

Report Date :

01.06.2011

IDENTIFICATION DETAILS

Name :	DETAY MERMER ATOLYESI MEHMET ARI

Registered Office :	Huzurevi Mah. Dr. Sitki Gurel Cad. 20. Sok. Azmusebat Apt. No:6/3 Diyarbakir

Country :	Turkey

Financials (as on) :	2010

Date of Incorporation :	17.04.2007

Legal Form :	Sole-Proprietorship

Line of Business :	Processing and trade of marble and granite

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	4.000 USD
Status :	Small Company
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 – March 31^st, 2011

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

Turkey

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Bottom of Form

COMPANY IDENTIFICATION

NAME	:	DETAY MERMER ATOLYESI MEHMET ARI
HEAD OFFICE ADDRESS	:	Huzurevi Mah. Dr. Sitki Gurel Cad. 20. Sok. Azmusebat Apt. No:6/3 Diyarbakir / Turkey
PHONE NUMBER	:	90-412-238 18 54
FAX NUMBER	:	90-412-238 18 54

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	:	Gokalp
TAX NO	:	26677591788
DATE ESTABLISHED	:	17.04.2007
LEGAL FORM	:	Sole-Proprietorship
TYPE OF COMPANY	:	Private

OWNERSHIP / MANAGEMENT

SHAREHOLDERS

Mehmet Ari

100 %

REMARKS ON SHAREHOLDERS

Mehmet Ari was born in 1977.

PROPERTIES OWNED BY THE OWNER/PARTNERS

Property Type

2 Flats

Car

SISTER COMPANIES

Declared to be: None.

DIRECTORS

Mehmet Ari

OPERATIONS

BUSINESS ACTIVITIES

Processing and trade of marble and granite.

NACE CODE

DI.26.70

NUMBER OF EMPLOYEES

NET SALES

105.650 TL	(2010)

IMPORT COUNTRIES

China

India

MERCHANDISE IMPORTED

Natural granite

EXPORT VALUE

0 TL	(2009)
0 TL	(2010)

HEAD OFFICE ADDRESS

Huzurevi Mah. Dr. Sitki Gurel Cad. 20. Sok. Azmusebat Apt. No:6/3 Diyarbakir / Turkey

BRANCHES

Branch Office : Sehitlik Cad. Omur Apt. No:6 DSI Karsisi Diyarbakir/Turkey

INVESTMENTS

None

FINANCE

MAIN DEALING BANKS

Asya Katilim Bankasi Diyarbakir Branch

PAYMENT BEHAVIOUR

No payment delays have come to our knowledge.

KEY FINANCIAL ELEMENTS

	(2010) TL
Net Sales	105.650
Profit (Loss) Before Tax	3.167
Gross Profit (loss)	12.186
Operating Profit (loss)	3.167
Net Profit (loss)	3.167

COMMENT ON FINANCIAL POSITION

General Financial Position

The firm is profitable and the owner/partners possess property.

CREDIT OPINION WITHOUT OBLIGATION

We are of the opinion that, a max. credit of 4.000 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
( 01.01-30.04.2011)	6,04 %	1,5645	2,1852	2,5128

INCOME STATEMENT

	(2010) TL
Net Sales	105.650	1,00
Cost of Goods Sold	93.464	0,88
Gross Profit	12.186	0,12
Operating Expenses	9.019	0,09
Operating Profit	3.167	0,03
Other Income	0	0,00
Other Expenses	0	0,00
Financial Expenses	0	0,00
Minority Interests	0	0,00
Profit (loss) of consolidated firms	0	0,00
Profit (loss) Before Tax	3.167	0,03
Tax Payable	0	0,00
Postponed Tax Gain	0	0,00
Net Profit (loss)	3.167	0,03

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.03
UK Pound	1	Rs.74.43
Euro	1	Rs.64.75

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.