MIRA INFORM REPORT

 

 

Report Date :

29.06.2011

 

IDENTIFICATION DETAILS

 

Name :

FELIS HALI TEKSTIL GIDA SANAYI VE TICARET LTD. STI.

 

 

Registered Office :

2. Organize Sanayi Bolgesi 83231 Nolu Cad. (2. Dogu Cad.) No:14 Sehitkamil Gaziantep

 

 

Country :

Turkey

 

 

Date of Incorporation :

16.08.2010

 

 

Com. Reg. No.:

34998

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacture and trade of machine-made carpets.

 

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 – 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

:

FELIS HALI TEKSTIL GIDA SANAYI VE TICARET LTD. STI.

HEAD OFFICE ADDRESS

:

2. Organize Sanayi Bolgesi 83231 Nolu Cad. (2. Dogu Cad.) No:14 Sehitkamil Gaziantep / Turkey

PHONE NUMBER

:

90-342-337 97 66

 

FAX NUMBER

:

90-342-337 97 97

 

WEB-ADDRESS

:

www.feliscarpet.com

E-MAIL

:

info@feliscarpet.com

 

 

LEGAL STATUS AND HISTORY

 

TAX OFFICE

:

Gazikent

TAX NO

:

6950356903

REGISTRATION NUMBER

:

34998

REGISTERED OFFICE

:

Gaziantep Chamber of Commerce

DATE ESTABLISHED

:

16.08.2010

ESTABLISHMENT GAZETTE DATE/NO

:

25.08.2010/7636

LEGAL FORM

:

Limited Company

TYPE OF COMPANY

:

Private

REGISTERED CAPITAL

:

TL   1.000.000

 

HISTORY

:

Previous Shareholder

:

Please vide Previous Shareholders section for the former shareholders' names.

Changed On

:

18.03.2011 (Commercial Gazette Date /Number 29.03.2011/ 7782)

 

 

 

PREVIOUS SHAREHOLDERS

:

Mehmet Agdag

50 %

Mehmet Ihsan Nisasta

50 %

 

 

 

 

 

 

OWNERSHIP / MANAGEMENT

 

SHAREHOLDERS

:

Mehmet Agdag

95 %

Senel Agdag

5 %

 

 

SISTER COMPANIES

:

FELIS IC VE DIS TICARET LTD. STI.

 

SUBSIDIARIES

:

Declared to be: None

 

DIRECTORS

:

Mehmet Agdag

 

 

 

OPERATIONS

 

BUSINESS ACTIVITIES

:

Manufacture and trade of machine-made carpets.

 

NACE CODE

:

DB.17.51

 

SECTOR

:

Textile

 

NUMBER OF EMPLOYEES

:

45

 

NET SALES

:

3.088.045 TL

(01.01-31.05.2011) 

 

 

IMPORT VALUE

:

0 TL

(16.08-31.12.2010)

 

 

EXPORT VALUE

:

358.101 TL

(01.01-31.05.2011)

 

 

EXPORT COUNTRIES

:

Portugal

South Africa

Iran

Malaysia

Germany

 

MERCHANDISE  EXPORTED

:

Machine-made carpets

 

HEAD OFFICE ADDRESS

:

2. Organize Sanayi Bolgesi 83231 Nolu Cad. (2. Dogu Cad.) No:14 Sehitkamil  Gaziantep / Turkey

BRANCHES

:

Head Office/Production Plant  :  2. Organize Sanayi Bolgesi 83231 Nolu Cad. (2. Dogu Cad.) No:14 Sehitkamil Gaziantep/Turkey

 

Production Plant  :  1. Organize Sanayi Bolgesi 5 Nolu Cad. No:10 Sehitkamil Gaziantep/Turkey

 

 

 

TREND OF BUSINESS

:

Undetermined; young business.

 

 

FINANCE

 

MAIN DEALING BANKS

:

HSBC Bank Gaziantep Branch

Yapi ve Kredi Bankasi Gaziantep Branch

 

PAYMENT BEHAVIOUR

:

No payment delays have come to our knowledge.

 

KEY FINANCIAL ELEMENTS

:

 

(01.01-31.05.2011) TL

Net Sales

3.088.045

Profit (Loss) Before Tax

96.834

Gross Profit (loss)

255.840

Operating Profit (loss)

54.056

Net Profit (loss)

96.834

 

 

COMMENT ON FINANCIAL POSITION

 

Profitability

Fair Operating Profitability (01.01-31.05.2011)

In Order Net Profitability (01.01-31.05.2011)

 

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

 ( 2010 )

8,87 %

1,5128

2,0096

2,3410

 ( 01.01-31.05.2011)

6,20 %

1,5693

2,2036

2,5324

 

 

INCOME STATEMENT

 

 

(01.01-31.05.2011) TL

 

 

Net Sales

3.088.045

1,00

Cost of Goods Sold

2.832.205

0,92

Gross Profit

255.840

0,08

Operating Expenses

201.784

0,07

Operating Profit

54.056

0,02

Other Income

74.812

0,02

Other Expenses

19.734

0,01

Financial Expenses

12.300

0,00

Minority Interests

0

0,00

Profit (loss) of consolidated firms

0

0,00

Profit (loss) Before Tax

96.834

0,03

Tax Payable

0

0,00

Postponed Tax Gain

0

0,00

Net Profit (loss)

96.834

0,03

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.05

UK Pound

1

Rs.71.91

Euro

1

Rs.64.34

 

 

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.