MIRA INFORM
REPORT
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Report Date : |
20.09.2011 |
IDENTIFICATION DETAILS
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Name : |
PROMOCITY PROMOSYON URUNLERI A.S. |
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Registered Office : |
Goztepe Mah. Rahim Sok No:11 Bagcilar
Istanbul |
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Country : |
Turkey |
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Date of Incorporation : |
16.12.2008 |
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Com. Reg. No.: |
685472 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Wholesale trade of
promotion products. such as; pencil, flash memory, magnets, books etc. |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment
Behaviour : |
Usually Correct |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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 |
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NOTES |
: |
Head office has been moved but the movement hasn’t been registered at Commercial
Registry.. |
COMPANY IDENTIFICATION
|
NAME |
: |
PROMOCITY PROMOSYON URUNLERI A.S. |
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HEAD OFFICE ADDRESS |
: |
Goztepe Mah. Rahim Sok No:11 Bagcilar
Istanbul / Turkey |
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REMARKS ON HEAD OFFICE ADDRESS |
: |
The subject moved from “Mahmutbey Mah. Istoc 16. Ada No:31-33
Bagcilar“ to “ Goztepe Mah. Rahim Sok No:11 Bagcilar“ . However the new
adress has not been registered at Commercial Registry yet. |
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PHONE NUMBER |
: |
90-212-659 41 18 |
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FAX NUMBER |
: |
90-212-659 25 18 |
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WEB-ADDRESS |
: |
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E-MAIL |
: |
LEGAL STATUS AND HISTORY
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TAX NO |
: |
7330361152 |
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REGISTRATION NUMBER |
: |
685472 |
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REGISTERED OFFICE |
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Istanbul Chamber of Commerce |
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DATE ESTABLISHED |
: |
16.12.2008 |
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ESTABLISHMENT GAZETTE DATE/NO |
: |
24.12.2008/7213 |
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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 |
: |
TL 750.000 |
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HISTORY |
: |
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OWNERSHIP / MANAGEMENT
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SHAREHOLDERS |
: |
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SISTER COMPANIES |
: |
PROMOSYONCA TANITIM URUNLERI ITHALAT IHRACAT LTD. STI. |
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SUBSIDIARIES |
: |
Declared to be: None |
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BOARD OF DIRECTORS |
: |
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OPERATIONS
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BUSINESS ACTIVITIES |
: |
Wholesale trade of promotion products. such as; pencil, flash memory,
magnets, books etc. |
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NACE CODE |
: |
G .51.90 |
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SECTOR |
: |
Commerce |
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NUMBER OF EMPLOYEES |
: |
11 |
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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 we are unable to interview the subject company and get
authorization to gather its financial data. As the firm’s shares are not open
to public |
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CAPACITY |
: |
None |
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PRODUCTION |
: |
None |
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IMPORT COUNTRIES |
: |
Far East Countries |
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MERCHANDISE IMPORTED |
: |
Flash memory Metal pencil Plastic pencil |
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EXPORT COUNTRIES |
: |
Bosnia and Herzegovina Georgia Romania Hungary U.K. |
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MERCHANDISE EXPORTED |
: |
Books Cosmetic products Electronic magnets Pens Plastic articles Portable electric lamps |
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HEAD OFFICE ADDRESS |
: |
Goztepe Mah. Rahim Sok No:11 Bagcilar
Istanbul / Turkey |
FINANCE
|
MAIN DEALING BANKS |
: |
Akbank Istoc Branch Garanti Bankasi Istoc Branch Turk Ekonomi Bankasi Tahtakale Branch Yapi ve Kredi Bankasi Tahtakale Branch |
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PAYMENT BEHAVIOUR |
: |
No payment delays have come to our knowledge. |
COMMENT ON FINANCIAL POSITION
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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, |
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|
Incr. in producers’ price index |
Average USD/TL |
Average EUR/TL |
Average GBP/ TL |
|
( 2007 ) |
5,94 % |
1,3075 |
1,7901 |
2,6133 |
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( 2008 ) |
8,11 % |
1,2858 |
1,8876 |
2,3708 |
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( 2009 ) |
5,93 % |
1,5460 |
2,1529 |
2,4094 |
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( 2010 ) |
8,87 % |
1,5128 |
2,0096 |
2,3410 |
|
( 01.01-31.08.2011) |
8,05 % |
1,6083 |
2,2781 |
2,5994 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.79 |
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UK Pound |
1 |
Rs.75.06 |
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Euro |
1 |
Rs.65.35 |
RATING EXPLANATIONS
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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 |
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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.