MIRA INFORM REPORT

Report Date :

07.03.2011

IDENTIFICATION DETAILS

Correct Name :	EDGE TRADESERV DIS TICARET LTD. STI.

Registered Office :	Yenisehir Mah. Reyhan Cad. No:19 Istanbul Sitesi A Blok D:21 Pendik Istanbul

Country :	Turkey

Date of Incorporation :	12.04.2010

Com. Reg. No.:	731792

Legal Form :	Limited Company

Line of Business :	Wholesale trade of petroleum and chemical materials

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate

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 – December 31, 2010

Country Name

Previous Rating

(30.09.2010)

Current Rating

(31.12.2010)

Turkey

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	:	EDGE TRADESERV DIS TICARET LTD. STI.
HEAD OFFICE ADDRESS	:	Yenisehir Mah. Reyhan Cad. No:19 Istanbul Sitesi A Blok D:21 Pendik Istanbul / Turkey
PHONE NUMBER	:	90-216-684 09 65
FAX NUMBER	:	90-216-684 09 65

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	:	Pendik
TAX NO	:	3240421649
REGISTRATION NUMBER	:	731792
REGISTERED OFFICE	:	Istanbul Chamber of Commerce
DATE ESTABLISHED	:	12.04.2010
ESTABLISHMENT GAZETTE DATE/NO	:	16.04.2010/7545
LEGAL FORM	:	Limited Company
TYPE OF COMPANY	:	Private
REGISTERED CAPITAL	:	TL 50.000
PAID-IN CAPITAL	:	TL 50.000

OWNERSHIP / MANAGEMENT

SHAREHOLDERS

Amit Mark Seymour	50 %
Ihsan Tokur	50 %

SISTER COMPANIES

GITAR MERKEZI MUZIK ENSTURMANLARI SANAYI VE DIS TICARET LTD.STI.

SUBSIDIARIES

Declared to be : None

DIRECTORS

Amit Mark Seymour
Cagdas Senyurek

OPERATIONS

BUSINESS ACTIVITIES

Wholesale trade of petroleum and chemical materials.

SECTOR

Commerce

NUMBER OF EMPLOYEES

NET SALES

3.200.000 EUR	(12.04-31.12.2010)
1.650.000 EUR	(01.01-28.02.2011)

REMARKS ON NET SALES

The net sales figures of 12.04.-31.12.2010 and 01.01.-28.02.2010 are declared by the company. There are no certification for these figures.

CAPACITY

None

PRODUCTION

None

IMPORT VALUE

2.150.000 EUR	(12.04-31.12.2010)
985.720 EUR	(01.01-28.02.2011)

IMPORT COUNTRIES

Iran

India

European Countries

Germany

Iraq

Egypt

MERCHANDISE IMPORTED

Chemical materials

Petroleum

EXPORT VALUE

1.650.000 EUR	(01.01-28.02.2011)

EXPORT COUNTRIES

European Countries

Germany

India

MERCHANDISE EXPORTED

Chemical materials

Petroleum

HEAD OFFICE ADDRESS

Yenisehir Mah. Reyhan Cad. No:19 Istanbul Sitesi A Blok D:21 Pendik Istanbul / Turkey ( owned )

TREND OF BUSINESS

Undetermined; young business.

FINANCE

MAIN DEALING BANKS

Garanti Bankasi Moda Branch

T. Is Bankasi Kurtkoy 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.

Incr. in producers’ price index

Average USD/TL

Average EUR/TL

Average GBP/ TL

( 2010 )

8,87 %

1,5128

2,0096

2,3410

( 01.01-28.02.2011)

4,13 %

1,5841

2,1576

2,5140

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.99
UK Pound	1	Rs.73.24
Euro	1	Rs.62.80

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

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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