MIRA INFORM REPORT

 

Report Date :

14.04.2012

 

IDENTIFICATION DETAILS

 

Name :

CRESCENT TEKSTIL KONFEKSIYON URUNLERI PAZARLAMA SANAYI DIS TICARET LTD. STI.

 

 

Formerly Known As :

OZIMPEKS MAKINA MOTOR IHRACAT ITHALAT SANAYI VE TICARET LTD. STI.

 

 

Registered Office :

Evren Mahallesi Gulbahar Caddesi Guvenli Sokak No:39-41 Gunesli Istanbul

 

 

Country :

Turkey

 

 

Date of Incorporation :

22.01.1990

 

 

Com. Reg. No.:

261591

 

 

Legal Form :

Limited Company

 

 

Line of Business :

The firm designs denim ready-wear. After cutting and sewing of model, it orders ready-wear products to be manufactured in the name of the subject company to contract manufacturers.

 

 

No. of Employees :

70

 

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

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 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Turkey

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

COMPANY IDENTIFICATION

 

NAME

:

CRESCENT TEKSTIL KONFEKSIYON URUNLERI PAZARLAMA SANAYI DIS TICARET LTD. STI.

HEAD OFFICE ADDRESS

:

Evren Mahallesi Gulbahar Caddesi Guvenli Sokak No:39-41 Gunesli Istanbul / Turkey

PHONE NUMBER

:

90-212-651 72 72

 

FAX NUMBER

:

90-212-651 72 16

 

 

 

LEGAL STATUS AND HISTORY

 

TAX OFFICE

:

Gunesli

TAX NO

:

6620065299

REGISTRATION NUMBER

:

261591

REGISTERED OFFICE

:

Istanbul Chamber of Commerce

DATE ESTABLISHED

:

22.01.1990

ESTABLISHMENT GAZETTE DATE/NO

:

01.02.1990/2456

LEGAL FORM

:

Limited Company

TYPE OF COMPANY

:

Private

REGISTERED CAPITAL

:

TL   2.000.000

 

HISTORY

:

Previous Name

:

Ozimpeks Makina Motor Ihracat Ithalat Sanayi ve Ticaret Ltd. Sti.

Changed On

:

24.02.2010 (Commercial Gazette Date /Number 01.03.2010/ 7511)

Previous Registered Capital

:

TL 10.000

Changed On

:

02.12.2010 (Commercial Gazette Date /Number 08.12.2010/ 7703)

Previous Address

:

M.N. Ozmen Mah. M.Akif Cad. Defne Sk. No:5/2 Bayrakci Ishani K:2/Cati Merter Gungoren-Istanbul

Changed On

:

12.01.2012 (Commercial Gazette Date /Number 18.01.2012/ 7986)

Previous Shareholder

:

Please vide Previous Shareholders section for the former shareholders' names.

Changed On

:

23.11.2010 (Commercial Gazette Date /Number 29.12.2010/ 7696)

PREVIOUS SHAREHOLDERS

:

Murat Ozturk

48 %

Kartal Mutlu Atac

24 %

Subramanian Senthil Kumaran

24 %

Halil Karaman

4 %

 

 

OWNERSHIP / MANAGEMENT

 

SHAREHOLDERS

:

Aurangzeb Shafi

32 %

Kartal Mutlu Atac

32 %

Murat Ozturk

32 %

Halil Karaman

4 %

 

 

SISTER COMPANIES

:

CT KONFEKSIYON URUNLERI IC VE DIS TICARET A.S.

 

RE-ALCAM CAM URUNLERI MOBILYA DEKORASYON VE TEKSTIL PAZARLAMA SANAYI DIS TICARET A.S.

 

RECOTT TEKSTIL URUNLERI PAZARLAMA SANAYI VE DIS TICARET A.S.

 

RENTEKS TEKSTIL URUNLERI PAZARLAMA SANAYI VE DIS TICARET A.S.

 

SUBSIDIARIES

:

Declared to be: None

 

DIRECTORS

:

Murat Ozturk

 

Kartal Mutlu Atac

 

 

 

OPERATIONS

 

BUSINESS ACTIVITIES

:

The firm designs denim ready-wear. After cutting and sewing of model, it orders ready-wear products to be manufactured in the name of the subject company to contract manufacturers.

 

NUMBER OF EMPLOYEES

:

70

 

NET SALES

:

24.479.506 TL

(2011) 

 

 

REMARKS ON NET SALES

:

The net sales figure of 2011 is declared by the subject. There is no certification for this figure.

 

IMPORT COUNTRIES

:

European Countries

Germany

France

 

MERCHANDISE IMPORTED

:

Accessories

 

EXPORT COUNTRIES

:

Italy

France

Pakistan

Germany

U.A.E.

Netherlands

Hong-Kong

Canada

Finland

Greece

Belgium

 

MERCHANDISE  EXPORTED

:

Denim ready-wear

 

HEAD OFFICE ADDRESS

:

Evren Mahallesi Gulbahar Caddesi Guvenli Sokak No:39-41 Gunesli Istanbul / Turkey

 

BRANCHES

:

Head Office/Workshop  :  Evren Mahallesi Gulbahar Caddesi Guvenli Sokak No:39-41 Gunesli Istanbul/Turkey

 

Production Plant/Store  :  M.N. Ozmen Mahallesi M. Akif Cad. Defne Sokak No:5/2 Bayrakci Is Hani K:2/Cati Merter Gungoren Istanbul/Turkey

 

INVESTMENTS

:

None

 

 

FINANCE

 

MAIN DEALING BANKS

:

T. Finans Katilim Bankasi Merter Branch

T. Garanti Bankasi Merter Branch

 

PAYMENT BEHAVIOUR

:

No payment delays have come to our knowledge.

 

KEY FINANCIAL ELEMENTS

:

 

(2011) TL

 

 

 

 

Net Sales

24.479.506

 

 

 

 

Net Profit (loss)

755.895

 

 

 

 

 

 

REMARKS ON KEY FINANCIAL ELEMENTS

:

Key financial figures of 2011 are declared by the subject. There is no certification for these figures.

 

 

COMMENT ON FINANCIAL POSITION

 

Profitability

In Order Net Profitability  in 2011

 

General Financial Position

The firm has profit but general financial position is undetermined.

 

 

 

Incr. in producers’ price index

 

Average USD/TL

Average EUR/TL

Average GBP/ TL

 ( 2011 )

13,33 %

1,6797

2,3378

2,6863

 ( 01.01-31.03.2012)

0,65 %

1,7995

2,3799

2,8402

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.42

UK Pound

1

Rs.81.93

Euro

1

Rs.67.67

 

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.