MIRA INFORM REPORT
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Report Date : |
20.10.2011 |
IDENTIFICATION DETAILS
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Name : |
GURAL ELEKTRIK MALZEMELERI TICARET VE SANAYI
A.S. |
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Registered Office : |
Kemankes Mah. Rihtim Cad. No:53 C Blok K:2
D: 25 Karakoy Istanbul |
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Country : |
Turkey |
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Date of Incorporation : |
12.09.1990 |
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Com. Reg. No.: |
268337 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and trade of
medium and high voltage electrical materials |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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Maximum Credit Limit : |
750.000 USD |
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Status : |
Moderate |
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Payment
Behaviour : |
No Complaints |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Turkey |
b1 |
b1 |
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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 |
COMPANY IDENTIFICATION
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NAME |
: |
GURAL ELEKTRIK MALZEMELERI TICARET VE SANAYI A.S. |
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HEAD OFFICE ADDRESS |
: |
Kemankes Mah. Rihtim Cad. No:53 C Blok K:2 D: 25 Karakoy Istanbul / Turkey |
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REMARKS ON HEAD OFFICE ADDRESS |
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The door number was changed from “No:59” to “No:53” by the municipality. |
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PHONE NUMBER |
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90-212-249 82 80 |
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FAX NUMBER |
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90-212-244 25 07 |
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WEB-ADDRESS |
: |
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E-MAIL |
: |
LEGAL STATUS AND HISTORY
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NOTES ON
LEGAL STATUS AND HISTORY |
: |
The paid-in
capital is declared by the subject. There is no certification for the paid-in
capital.. |
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TAX OFFICE |
: |
Bogazici Kurumlar |
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TAX NO |
: |
4390041862 |
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REGISTRATION NUMBER |
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268337 |
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REGISTERED OFFICE |
: |
Istanbul Chamber of Commerce |
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DATE ESTABLISHED |
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12.09.1990 |
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ESTABLISHMENT GAZETTE DATE/NO |
: |
21.09.1990/2614 |
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LEGAL FORM |
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Joint Stock Company |
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TYPE OF COMPANY |
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Private |
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REGISTERED CAPITAL |
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TL 1.200.000 |
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PAID-IN CAPITAL |
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TL 1.200.000 |
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HISTORY |
: |
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OWNERSHIP / MANAGEMENT
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SHAREHOLDERS |
: |
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SISTER COMPANIES |
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Declared to be: None |
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SUBSIDIARIES |
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Declared to be: None |
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BOARD OF DIRECTORS |
: |
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OPERATIONS
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BUSINESS ACTIVITIES |
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Manufacture and trade of medium and high voltage electrical
materials. |
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NACE CODE |
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DL.31.10 |
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NUMBER OF EMPLOYEES |
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75 |
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NET SALES |
: |
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REMARKS ON NET SALES |
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The net sales figures of 2010, 01.06.2011 are declared by the subject
company. There is no certification for these figures. |
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IMPORT VALUE |
: |
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IMPORT COUNTRIES |
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Spain Switzerland Italy Germany India Portugal |
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MERCHANDISE IMPORTED |
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Isolator raw materials |
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EXPORT VALUE |
: |
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EXPORT COUNTRIES |
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Iran Mozambique Lebanon Afghanistan Algeria Free Zone |
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MERCHANDISE EXPORTED |
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Cables Electiric panels Electric insulators Isolating switches Voltmeters |
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HEAD OFFICE ADDRESS |
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Kemankes Mah. Rihtim Cad. No:53 C Blok K:2 D: 25 Karakoy Istanbul / Turkey |
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BRANCHES |
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Production Plant : Ataturk Organize Sanayi Bolgesi Fahri
Koruturk Cad. 32. Sok. No:1 Hadimkoy Istanbul/Turkey (owned) |
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TREND OF BUSINESS |
: |
There appears an upwards trend in
1.1 - 30.6.2011. |
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SIZE OF BUSINESS |
: |
Upper-Medium |
FINANCE
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MAIN DEALING BANKS |
: |
Finansbank Kadikoy Bankalar Caddesi Branch ING Bank Bakirkoy Branch T. Garanti Bankasi Karakoy Branch T. Is Bankasi Galata Branch Yapi ve Kredi Bankasi Karakoy Branch |
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PAYMENT BEHAVIOUR |
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No payment delays have come to our knowledge. |
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KEY FINANCIAL ELEMENTS |
: |
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REMARKS ON KEY FINANCIAL ELEMENTS |
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The key financial figures of 2010 are declared by the subject company.
There is no certification for these figures. |
COMMENT ON FINANCIAL POSITION
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Capitalization |
In Order As of 31.12.2010 |
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Liquidity |
Good As of 31.12.2010 |
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Remarks On Liquidity |
Current ratio is 1,90 |
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Profitability |
Low Net Profitability in 2010 |
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General Financial Position |
Fair |
CREDIT OPINION WITHOUT OBLIGATION
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CREDIT OPINION WITHOUT OBLIGATION |
: |
We are of the opinion that, a max. credit of 750.000 USD may be
granted to the subject company. |
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Incr. in producers’ price index |
Average USD/TL |
Average EUR/TL |
Average GBP/ TL |
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( 2010 ) |
8,87 % |
1,5128 |
2,0096 |
2,3410 |
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( 01.01-30.06.2011) |
6,21 % |
1,5771 |
2,2246 |
2,5422 |
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( 01.01-30.09.2011) |
9,72 % |
1,6335 |
2,3016 |
2,6294 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.18 |
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UK Pound |
1 |
Rs.77.49 |
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Euro |
1 |
Rs.67.96 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.