MIRA INFORM REPORT
|
Report Date : |
19.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
ZEVK MERMER SUKRU BAYRAM |
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Registered Office : |
Zafer Mah. Selale Sok. No:9
Bahcelievler Yenibosna Istanbul |
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Country : |
Turkey |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
24.04.2009 |
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Com. Reg. No.: |
697410 |
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Legal Form : |
Sole-Proprietorship |
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Line of Business : |
Implementation of granite and marble and also trade of furniture and interior decoration materials |
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 |
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Payment
Behaviour : |
Slow |
|
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 |
b1 |
b1 |
|
Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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NOTES |
: |
Full name of the firm was missing at your inquiry. |
COMPANY IDENTIFICATION
|
NAME |
: |
ZEVK MERMER SUKRU BAYRAM |
|
HEAD OFFICE ADDRESS |
: |
Zafer Mah. Selale Sok. No:9
Bahcelievler Yenibosna Istanbul / Turkey |
|
PHONE NUMBER |
: |
90-212-551 37 38 |
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FAX NUMBER |
: |
90-212-654 58 45 |
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WEB-ADDRESS |
: |
www.zevkmermer.com |
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E-MAIL |
: |
info@zevkmermer.com |
LEGAL STATUS AND HISTORY
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NOTES ON
LEGAL STATUS AND HISTORY |
: |
Liability of
the subject is not limited to the capital. |
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TAX OFFICE |
: |
Yenibosna |
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TAX NO |
: |
46933913604 |
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REGISTRATION NUMBER |
: |
697410 |
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REGISTERED OFFICE |
: |
Istanbul Chamber of Commerce |
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DATE ESTABLISHED |
: |
24.04.2009 |
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ESTABLISHMENT GAZETTE DATE/NO |
: |
30.04.2009/7302 |
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LEGAL FORM |
: |
Sole-Proprietorship |
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TYPE OF COMPANY |
: |
Private |
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OWNERSHIP / MANAGEMENT
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SHAREHOLDERS |
: |
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REMARKS ON SHAREHOLDERS |
: |
Sukru Bayram was born in 1938 and he graduated from primary school. |
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PROPERTIES OWNED BY THE OWNER/PARTNERS |
: |
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SISTER COMPANIES |
: |
Declared to be: None |
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DIRECTORS |
: |
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OPERATIONS
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BUSINESS ACTIVITIES |
: |
Implementation of granite and marble and also trade of furniture and interior decoration materials. |
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NUMBER OF EMPLOYEES |
: |
4 |
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NET SALES |
: |
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IMPORT COUNTRIES |
: |
China India Spain |
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MERCHANDISE IMPORTED |
: |
Granite |
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EXPORT VALUE |
: |
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HEAD OFFICE ADDRESS |
: |
Zafer Mah. Selale Sok. No:9
Bahcelievler Yenibosna Istanbul / Turkey (owned) |
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BRANCHES |
: |
Head Office/Production Plant
: Zafer Mah. Selale Sok. No:9
Bahcelievler Yenibosna Istanbul/Turkey (owned) (450 sqm) Branch Office : Beylikduzu Istanbul/Turkey (rented) |
|
TREND OF BUSINESS |
: |
There was an upwards trend in
2010. |
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SIZE OF BUSINESS |
: |
Modest |
FINANCE
|
MAIN DEALING BANKS |
: |
Denizbank Bagcilar Branch Kuveyt Turk Katilim Bankasi Yenibosna Branch Yapi ve Kredi Bankasi Kurtulus Branch |
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CREDIT FACILITIES |
: |
The subject company is making active use of credit facilities. |
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PAYMENT BEHAVIOUR |
: |
We are informed about a single payment delay in the last years which
was resolved later on. |
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KEY FINANCIAL ELEMENTS |
: |
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COMMENT ON FINANCIAL POSITION
|
Capitalization |
Fair As of 31.12.2010 |
|
Remarks on Capitalization |
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. The owner possesses property. |
|
Liquidity |
Insufficient As of 31.12.2010 |
|
Profitability |
Low Operating Profitability (24.04-31.12.2009) Low Net Profitability (24.04-31.12.2009) Fair Operating Profitability in
2010 Fair Net Profitability in 2010 |
|
Gap between average collection and payable periods |
In order in 2010 |
|
General Financial Position |
Unsatisfactory |
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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 |
BALANCE SHEETS
|
|
( 31.12.2009 ) TL |
|
( 31.12.2010 ) TL |
|
|
CURRENT ASSETS |
219.017 |
0,91 |
575.003 |
0,96 |
|
Not Detailed Current Assets |
0 |
0,00 |
0 |
0,00 |
|
Cash and Banks |
4.554 |
0,02 |
10.188 |
0,02 |
|
Marketable Securities |
0 |
0,00 |
0 |
0,00 |
|
Account Receivable |
0 |
0,00 |
97.788 |
0,16 |
|
Other Receivable |
0 |
0,00 |
480 |
0,00 |
|
Inventories |
191.270 |
0,79 |
406.212 |
0,68 |
|
Advances Given |
0 |
0,00 |
0 |
0,00 |
|
Accumulated Construction Expense |
0 |
0,00 |
0 |
0,00 |
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Other Current Assets |
23.193 |
0,10 |
60.335 |
0,10 |
|
NON-CURRENT ASSETS |
22.720 |
0,09 |
23.845 |
0,04 |
|
Not Detailed Non-Current Assets |
0 |
0,00 |
0 |
0,00 |
|
Long-term Receivable |
0 |
0,00 |
0 |
0,00 |
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Financial Assets |
0 |
0,00 |
0 |
0,00 |
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Tangible Fixed Assets (net) |
22.720 |
0,09 |
23.845 |
0,04 |
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Intangible Assets |
0 |
0,00 |
0 |
0,00 |
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Deferred Tax Assets |
0 |
0,00 |
0 |
0,00 |
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Other Non-Current Assets |
0 |
0,00 |
0 |
0,00 |
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TOTAL ASSETS |
241.737 |
1,00 |
598.848 |
1,00 |
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CURRENT LIABILITIES |
173.714 |
0,72 |
512.745 |
0,86 |
|
Not Detailed Current Liabilities |
0 |
0,00 |
0 |
0,00 |
|
Financial Loans |
0 |
0,00 |
422.152 |
0,70 |
|
Accounts Payable |
172.897 |
0,72 |
87.805 |
0,15 |
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Loans from Shareholders |
0 |
0,00 |
0 |
0,00 |
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Other Short-term Payable |
0 |
0,00 |
1.258 |
0,00 |
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Advances from Customers |
0 |
0,00 |
0 |
0,00 |
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Accumulated Construction Income |
0 |
0,00 |
0 |
0,00 |
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Taxes Payable |
659 |
0,00 |
1.530 |
0,00 |
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Provisions |
0 |
0,00 |
0 |
0,00 |
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Other Current Liabilities |
158 |
0,00 |
0 |
0,00 |
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LONG-TERM LIABILITIES |
0 |
0,00 |
0 |
0,00 |
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Not Detailed Long-term Liabilities |
0 |
0,00 |
0 |
0,00 |
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Financial Loans |
0 |
0,00 |
0 |
0,00 |
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Securities Issued |
0 |
0,00 |
0 |
0,00 |
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Long-term Payable |
0 |
0,00 |
0 |
0,00 |
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Loans from Shareholders |
0 |
0,00 |
0 |
0,00 |
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Other Long-term Liabilities |
0 |
0,00 |
0 |
0,00 |
|
Provisions |
0 |
0,00 |
0 |
0,00 |
|
STOCKHOLDERS' EQUITY |
68.023 |
0,28 |
86.103 |
0,14 |
|
Not Detailed Stockholders' Equity |
68.023 |
0,28 |
86.103 |
0,14 |
|
Paid-in Capital |
0 |
0,00 |
0 |
0,00 |
|
Cross Shareholding Adjustment of Capital |
0 |
0,00 |
0 |
0,00 |
|
Inflation Adjustment of Capital |
0 |
0,00 |
0 |
0,00 |
|
Equity of Consolidated Firms |
0 |
0,00 |
0 |
0,00 |
|
Reserves |
0 |
0,00 |
0 |
0,00 |
|
Revaluation Fund |
0 |
0,00 |
0 |
0,00 |
|
Accumulated Losses(-) |
0 |
0,00 |
0 |
0,00 |
|
Net Profit (loss) |
0 |
0,00 |
0 |
0,00 |
|
TOTAL LIABILITIES AND EQUITY |
241.737 |
1,00 |
598.848 |
1,00 |
INCOME STATEMENTS
|
|
(24.04-31.12.2009)
TL |
|
(2010) TL |
|
|
Net Sales |
355.678 |
1,00 |
814.179 |
1,00 |
|
Cost of Goods Sold |
335.545 |
0,94 |
740.162 |
0,91 |
|
Gross Profit |
20.133 |
0,06 |
74.017 |
0,09 |
|
Operating Expenses |
17.808 |
0,05 |
56.579 |
0,07 |
|
Operating Profit |
2.325 |
0,01 |
17.438 |
0,02 |
|
Other Income |
0 |
0,00 |
642 |
0,00 |
|
Other Expenses |
0 |
0,00 |
0 |
0,00 |
|
Financial Expenses |
0 |
0,00 |
0 |
0,00 |
|
Minority Interests |
0 |
0,00 |
0 |
0,00 |
|
Profit (loss) of consolidated firms |
0 |
0,00 |
0 |
0,00 |
|
Profit (loss) Before Tax |
2.325 |
0,01 |
18.080 |
0,02 |
|
Tax Payable |
0 |
0,00 |
0 |
0,00 |
|
Postponed Tax Gain |
0 |
0,00 |
0 |
0,00 |
|
Net Profit (loss) |
2.325 |
0,01 |
18.080 |
0,02 |
FINANCIAL RATIOS
|
|
(24.04-31.12.2009) |
(2010) |
|
LIQUIDITY RATIOS |
|
|
|
Current Ratio |
1,26 |
1,12 |
|
Acid-Test Ratio |
0,03 |
0,21 |
|
Cash Ratio |
0,03 |
0,02 |
|
ASSET STRUCTURE RATIOS |
|
|
|
Inventory/Total Assets |
0,79 |
0,68 |
|
Short-term Receivable/Total Assets |
0,00 |
0,16 |
|
Tangible Assets/Total Assets |
0,09 |
0,04 |
|
TURNOVER RATIOS |
|
|
|
Inventory Turnover |
1,75 |
1,82 |
|
Stockholders' Equity Turnover |
5,23 |
9,46 |
|
Asset Turnover |
1,47 |
1,36 |
|
FINANCIAL STRUCTURE |
|
|
|
Stockholders' Equity/Total Assets |
0,28 |
0,14 |
|
Current Liabilities/Total Assets |
0,72 |
0,86 |
|
Financial Leverage |
0,72 |
0,86 |
|
Gearing Percentage |
2,55 |
5,96 |
|
PROFITABILITY RATIOS |
|
|
|
Net Profit/Stockholders' Eq. |
0,03 |
0,21 |
|
Operating Profit Margin |
0,01 |
0,02 |
|
Net Profit Margin |
0,01 |
0,02 |
|
Interest Cover |
|
|
|
COLLECTION-PAYMENT |
|
|
|
Average Collection Period (days) |
0,00 |
43,24 |
|
Average Payable Period (days) |
185,50 |
42,71 |
|
WORKING CAPITAL |
45303,00 |
62258,00 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.08 |
|
UK Pound |
1 |
Rs.73.45 |
|
Euro |
1 |
Rs.64.30 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.