MIRA INFORM REPORT

Report Date :

23.05.2011

IDENTIFICATION DETAILS

Correct Name :	KAMIL GUNCICEGI-GUNSAN TICARET

Registered Office :	Sento Cad. Gida Toptancilar Sitesi G-Blok 9/A Diyarbakir

Country :	Turkey

Date of Incorporation :	24.07.2007

Com. Reg. No.:	20594

Legal Form :	Sole-Proprietorship

Line of Business :	Wholesale Trade of tea

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 :	Very Small Concern

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 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	:	KAMIL GUNCICEGI-GUNSAN TICARET
HEAD OFFICE ADDRESS	:	Sento Cad. Gida Toptancilar Sitesi G-Blok 9/A Diyarbakir / Turkey
PHONE NUMBER	:	90-412-252 58 34
FAX NUMBER	:	90-412-252 58 34

LEGAL STATUS AND HISTORY

NOTES ON LEGAL STATUS AND HISTORY		:		Liability of the subject is not limited to the capital.
TAX OFFICE		:		Gokalp
REGISTRATION NUMBER		:		20594
REGISTERED OFFICE		:		Diyarbakir Chamber of Commerce and Industry
DATE ESTABLISHED		:		24.07.2007
REMARKS ON DATE ESTABLISHED		:		The subject sole-proprietorship was established on 24.07.2007. As the sole-proprietorships are not obliged to be registered at commercial registry, it has not registered at commercial registry until September 2007. It was registered at Diyarbakir Commercial Registry on 20.09.2007 (Commercial Registry Gazette Date/No: 26.09.2007 / 6903)
LEGAL FORM	:		Sole-Proprietorship
TYPE OF COMPANY	:		Private

OWNERSHIP / MANAGEMENT

SHAREHOLDERS

Kamil Guncicegi	100 %

DIRECTORS

Kamil Guncicegi

OPERATIONS

BUSINESS ACTIVITIES	:	Wholesale trade of tea.
NACE CODE	:	G .51.37
SECTOR	:	Commerce
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.
CAPACITY	:	None
PRODUCTION	:	None
HEAD OFFICE ADDRESS	:	Sento Cad. Gida Toptancilar Sitesi G-Blok 9/A Diyarbakir / Turkey
INVESTMENTS	:	None

FINANCE

MAIN DEALING BANKS

Asya Katilim Bankasi Diyarbakir 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. 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.

Incr. in producers’ price index

Average USD/TL

Average EUR/TL

Average GBP/ TL

( 2010 )

8,87 %

1,5128

2,0096

2,3410

( 01.01-30.04.2011)

6,04 %

1,5645

2,1852

2,5128

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.93
UK Pound	1	Rs.72.92
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%)

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