MIRA INFORM REPORT

 

 

Report Date :

03.08.2012

 

IDENTIFICATION DETAILS

 

Name :

VAHIT AKCA

 

 

Registered Office :

Serbest Bolge-Mersin (Free Zone) P Ada 5/4 Parsel Akdeniz No:2 Mersin

 

 

Country :

Turkey

 

 

Date of Incorporation :

09.07.2001

 

 

Com. Reg. No.:

23455

 

 

Legal Form :

Sole-Proprietorship

 

 

Line of Business :

Trader of textile dye

 

 

No. of Employees :

Not Available 

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

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 :

Moderate

Payment Behaviour :

Slow

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

:

VAHIT AKCA

HEAD OFFICE ADDRESS

:

Serbest Bolge-Mersin (Free Zone) P Ada 5/4 Parsel Akdeniz No:2 Mersin / Turkey

PHONE NUMBER

:

90-212-871 49 40 (Liaison Office)

 

FAX NUMBER

:

90-212-871 49 46 (Liaison Office)

 

 

 

LEGAL STATUS AND HISTORY

 

NOTES ON LEGAL STATUS AND HISTORY

 

 

:

Liability of the subject is not limited to the capital.

TAX OFFICE

:

Uray

TAX NO

:

55069485596

REGISTRATION NUMBER

:

23455

REGISTERED OFFICE

:

Mersin Chamber of Commerce and Industry

DATE ESTABLISHED

:

09.07.2001

ESTABLISHMENT GAZETTE DATE/NO

:

13.07.2001/5338

LEGAL FORM

:

Sole-Proprietorship

TYPE OF COMPANY

:

Private

HISTORY

:

Previous Address

:

Serbest Bolge-Mersin Alaybeyoglu Cad. Parkur Ismerkezi Ofis:302 PK:33020 Mersin

Changed On

:

12.11.2009 (Commercial Gazette Date /Number 18.11.2009/ 7441)

Previous Address

:

Serbest Bolge-Mersin B Ada 1 Parsel Sok. No:Z/03 (Eski Gama Ismerkezi) PK:33020 Akdeniz Mersin

Changed On

:

27.08.2010 (Commercial Gazette Date /Number 02.09.2010/ 7641)

Previous Address

:

Serbest Bolge-Mersin V Ada 3/1-3/2 Parsel Polsan B Depo B Depo ve Isyeri PK:33020 Akdeniz Mersin

Changed On

:

11.04.2011 (Commercial Gazette Date /Number 21.04.2011/ 7799)

 


 

OWNERSHIP / MANAGEMENT

 

SHAREHOLDERS

:

Vahit Akca

100 %

 

 

REMARKS ON SHAREHOLDERS

 

:

The owner Vahit Akca was born on 16.08.1969.

DIRECTORS

:

Vahit Akca

 

 

 

OPERATIONS

 

BUSINESS ACTIVITIES

:

Trade of textile dye.

 

NACE CODE

:

G .51.55

 

SECTOR

:

Commerce

 

NET SALES

:

900.000 USD

(2011) 

 

 

REMARKS ON NET SALES

:

The a.m sales figure is declared by the subject company. There is no certification for this figure.

 

CAPACITY

:

None

 

PRODUCTION

:

None

 

HEAD OFFICE ADDRESS

:

Serbest Bolge-Mersin (Free Zone) P Ada 5/4 Parsel Akdeniz No:2 Mersin / Turkey

 

BRANCHES

:

Liaison Office  :   Istanbul/Turkey

 

INVESTMENTS

:

None

 

 

FINANCE

 

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

 ( 2011 )

13,33 %

1,6797

2,3378

2,6863

 ( 01.01-30.06.2012)

1,95 %

1,8028

2,3463

2,8462

 

 


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.55.78

UK Pound

1

Rs.86.75

Euro

1

Rs.68.32

 

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.