MIRA INFORM REPORT

 

 

Report Date :

28.04.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

KARDESLER TEKSTIL PAZARLAMA TICARET VE SANAYI A.S.

 

 

Registered Office :

Camdibi Mah. 5745. Sok. No:8 Manifaturacilar Tekstil Sitesi Izmir

 

 

Country :

Turkey

 

 

Date of Incorporation :

30.12.1985

 

 

Com. Reg. No.:

51123-MRKZ.-3233

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Trade of home textile products

 

 

No. of Employees :

15

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Moderate

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

---

 

 

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

 

 

COMPANY IDENTIFICATION

 

NAME

:

KARDESLER TEKSTIL PAZARLAMA TICARET VE SANAYI A.S.

HEAD OFFICE ADDRESS

:

Camdibi Mah. 5745. Sok. No:8 Manifaturacilar Tekstil Sitesi Izmir / Turkey

REMARKS ON HEAD OFFICE ADDRESS

:

The address was changed from "745 Sok." to "Camdibi Mah. 5745. Sok." by the municipality.

PHONE NUMBER

:

90-232-431 02 16

 

FAX NUMBER

:

90-232-431 04 23

 

 

 

LEGAL STATUS AND HISTORY

 

TAX OFFICE

:

Cakabey

TAX NO

:

5240004798

REGISTRATION NUMBER

:

51123-MRKZ.-3233

REGISTERED OFFICE

:

Izmir Chamber of Commerce

DATE ESTABLISHED

:

30.12.1985

LEGAL FORM

:

Joint Stock Company

TYPE OF COMPANY

:

Private

REGISTERED CAPITAL

:

TL   600.000

HISTORY

:

Previous Registered Capital

:

TL 60.000

Changed On

:

26.06.2007 (Commercial Gazette Date /Number 02.07.2007/ 6842)

 

 

OWNERSHIP / MANAGEMENT

 

SHAREHOLDERS

:

Ebru Yazar

 

Mustafa Yazar

 

Mehmet Ozekmekci

 

Cahit Yazar

 

Kerem Yazar

 

 

 

SISTER COMPANIES

:

Declared to be: None

 

SUBSIDIARIES

:

Declared to be: None

 

BOARD OF DIRECTORS

:

Kerem Yazar

Chairman

Mehmet Ozekmekci

Vice-Chairman

Mustafa Yazar

Member

 

 

OPERATIONS

 

BUSINESS ACTIVITIES

:

Trade of home textile products.

 

SECTOR

:

Commerce

 

NUMBER OF EMPLOYEES

:

15

 

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

 

IMPORT VALUE

:

0 TL

(2010)

0 TL

(2011)

0 TL

(01.01-31.03.2012)

 

 

EXPORT VALUE

:

0 TL

(2010)

0 TL

(2011)

0 TL

(01.01-31.03.2012)

 

 

HEAD OFFICE ADDRESS

:

Camdibi Mah. 5745. Sok. No:8 Manifaturacilar Tekstil Sitesi Izmir / Turkey ( rented )

 

INVESTMENTS

:

None

 

 

 

FINANCE

 

MAIN DEALING BANKS

:

Akbank Yeni Gida Carsisi Branch

T. Garanti Bankasi Alsancak 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.

 

 

 

Incr. in producers’ price index

 

Average USD/TL

Average EUR/TL

Average GBP/ TL

 ( 2010 )

8,87 %

1,5128

2,0096

2,3410

 ( 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.52.68

UK Pound

1

Rs.85.12

Euro

1

Rs.69.38

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.