MIRA INFORM REPORT

 

 

Report Date :           

10.06.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

ZEKI TRIKO AS.

 

 

Registered Office :

Sutluce,Imrahor Cad.No.37 Beyoglu Istanbul

 

 

Country :

Turkey

 

 

Date of Incorporation :

11.08.1978

 

 

Com. Reg. No.:

157028

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Manufacture and trade of ladies’ swimwear, top-wear and underwear

 

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

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

:

ZEKI TRIKO AS.

HEAD OFFICE ADDRESS

:

Sutluce,Imrahor Cad.No.37 Beyoglu Istanbul / Turkey

REMARKS ON HEAD OFFICE ADDRESS

:

The door number was changed from "36" to "37" by the Municipality.

PHONE NUMBER

:

90-212-222 65 86

 

FAX NUMBER

:

90-212-220 84 48

 

WEB-ADDRESS

:

www.zekitriko.com.tr

 

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

:

Dis Ticaret

TAX NO

:

9970014023

REGISTRATION NUMBER

:

157028

REGISTERED OFFICE

:

Istanbul Chamber of Commerce

DATE ESTABLISHED

:

11.08.1978

LEGAL FORM

:

Joint Stock Company

TYPE OF COMPANY

:

Private

REGISTERED CAPITAL

:

TL   5.000.000

PAID-IN CAPITAL

:

TL   5.000.000

HISTORY

:

Previous Name

:

Zeki Konfeksiyon Dis ve Ic Pazarlama Ticaret ve Sanayi A.S.

Changed On

:

31.10.1995 (Commercial Gazette Date /Number 03.11.1995/ 3907)

Previous Registered Capital

:

TL 1.000.000

Changed On

:

03.12.2007 (Commercial Gazette Date /Number 06.12.2007/ 6952)

Previous Address

:

Rumeli Cad. N.64 Sisli Istanbul

Changed On

:

05.03.2009 (Commercial Gazette Date /Number 11.03.2009/ 7267)

 

OWNERSHIP / MANAGEMENT

 

SHAREHOLDERS

:

Ahmet Zeki Baseskioglu

60 %

Yuksel Baseskioglu

25 %

Yilmaz Baseskioglu

5 %

Birben Baseskioglu

5 %

Mumtaz Baseskioglu

5 %

 

 

SISTER COMPANIES

:

Declared to be: None

 

SUBSIDIARIES

:

Declared to be: None

 

BOARD OF DIRECTORS

:

Ahmet Zeki Baseskioglu

Chairman

Yuksel Baseskioglu

Vice-Chairman

Birben Baseskioglu

Member

 

 

DIRECTORS

:

Mumtaz Baseskioglu

General Manager

 

 

OPERATIONS

 

BUSINESS ACTIVITIES

:

Manufacture and trade of ladies’ swimwear, top-wear and underwear. 

 

There are several stores in Turkey. 

 

NACE CODE

:

DB.18.23

 

SECTOR

:

Ready-wear

 

TRADEMARKS OWNED

:

Zeki

 

NUMBER OF EMPLOYEES

:

300

 

 

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

:

European Countries

 

MERCHANDISE IMPORTED

:

Raw materials

 

EXPORT COUNTRIES

:

Jordan

Lebanon

Egypt

France

Russia

Luxembourg

Northern Cyprus Turkish Republic

 

MERCHANDISE  EXPORTED

:

Swimwear

 

HEAD OFFICE ADDRESS

:

Sutluce,Imrahor Cad.No.37 Beyoglu Istanbul / Turkey ( rented )

 

BRANCHES

:

Head Office/Factory  :  Sutluce, Imrahor Cad. No: 36 Beyoglu Istanbul/Turkey (rented)

 

 

FINANCE

 

MAIN DEALING BANKS

:

Akbank Sisli Branch

HSBC Bank Bayrampasa Branch

T.Is Bankasi Sisli Branch

TEB Avrupa Ticari Branch

Yapi ve Kredi Bankasi Karakoy Branch

 

PAYMENT BEHAVIOUR

:

No payment delays have come to our knowledge.

 

KEY FINANCIAL ELEMENTS

:

 

(2008) TL

(2009) TL

(2010) TL

 

 

Profit (Loss) Before Tax

6.376.110

4.394.594

3.646.468

 

 

 

 

REMARKS ON KEY FINANCIAL ELEMENTS

:

The a.m. profit before tax figures, are the tax base profit figures.

 

 

COMMENT ON FINANCIAL POSITION

 

General Financial Position

The firm has profit but general financial position is undetermined.

 

 

Incr. in producers’ price index

 

Average USD/TL

Average EUR/TL

Average GBP/ TL

 ( 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

 ( 01.01-31.05.2011)

6,20 %

1,5693

2,2036

2,5324

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.72

UK Pound

1

Rs.73.47

Euro

1

Rs.65.38

 

 

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.