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Report Date : |
08.08.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
ILK INSAAT TAAHHUT SANAYI VE TICARET LTD.
STI. |
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Registered Office : |
Yenisehir Mah. Bayraktar Bulvari Cad. No:2 Atasehir Istanbul |
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Country : |
Turkey |
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Date of Incorporation : |
24.05.2002 |
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Com. Reg. No.: |
476699 |
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Legal Form : |
Limited Company |
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Line of Business : |
Construction and contracting mainly in abroad, trade of construction
materials |
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No. of Employees : |
30 |
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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
: |
Address at your inquiry is the former address. |
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NAME |
: |
ILK INSAAT TAAHHUT SANAYI VE TICARET LTD. STI. |
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HEAD OFFICE ADDRESS |
: |
Yenisehir Mah. Bayraktar Bulvari Cad. No:2 Atasehir Istanbul / Turkey |
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PHONE NUMBER |
: |
90-216-455 55 44 |
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FAX NUMBER |
: |
90-216-455 55 88 |
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WEB-ADDRESS |
: |
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E-MAIL |
: |
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TAX OFFICE |
: |
Kozyatagi |
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TAX NO |
: |
4730204206 |
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REGISTRATION NUMBER |
: |
476699 |
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REGISTERED OFFICE |
: |
Istanbul Chamber of Commerce |
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DATE ESTABLISHED |
: |
24.05.2002 |
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ESTABLISHMENT GAZETTE DATE/NO |
: |
03.06.2002/5561 |
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LEGAL FORM |
: |
Limited Company |
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TYPE OF COMPANY |
: |
Private |
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REGISTERED CAPITAL |
: |
TL 10.000.000 |
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PAID-IN CAPITAL |
: |
TL 10.000.000 |
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HISTORY |
: |
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SHAREHOLDERS |
: |
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SISTER COMPANIES |
: |
2 N INSAAT TAAHHUT SANAYI VE TICARET LTD.STI. |
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SUBSIDIARIES |
: |
Declared to be: None |
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DIRECTORS |
: |
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BUSINESS ACTIVITIES |
: |
Construction and contracting mainly in abroad, trade of construction
materials. |
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UNDERTAKEN PROJECTS |
: |
Name of Project :CONSTRUCTION OF
ASHKHABAD POWER PLANT Name of Project :CONSTRUCTION OF ASHKHABAD BUSINESS CENTER Name of Project :CONSTRUCTION OF BUILDING WITH 12 FLOORS, 3 ENTRANCE,
72 FLATS AND 2 STORES. Name of Project :CONSTRUCTION OF BUILDING WITH 16 FLOORS IN 2. BLOCK
IN EKATERINBURG Name of Project :CONSTRUCTION OF BUILDING WITH 16 FLOORS IN
EKATERINBURG Name of Project :CONSTRUCTION OF CLOSED PARKING GARAGE WITH 21.000 SQM
Name of Project :CONSTRUCTION OF PORT BAKU RESIDENCE Name of Project :CONSTRUCTION OF SCHOOL WITH 160 STUDENTS CAPACITY Name of Project :CONSTRUCTION OF SCHOOL WITH 600 STUDENTS CAPACITY Name of Project :CONSTRUCTION OF TURKMENISTAN CENTRAL BANK Name of Project :TURKMENBASHI ONSHORE GAS TERMINAL PROJECT |
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NACE CODE |
: |
F .45.20 |
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SECTOR |
: |
Construction |
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NUMBER OF EMPLOYEES |
: |
30 |
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REMARKS ON NUMBER OF EMPLOYEES |
: |
This is the number at the head office. The number of employees increases
up to 3.000 with the employees at its worksites and the firm has declared
that, it also uses sub-contractors. |
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NET SALES |
: |
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REMARKS ON NET SALES |
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The Net Sales figures are declared by the firm. There is no
certification for these figures. |
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IMPORT COUNTRIES |
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Germany |
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MERCHANDISE IMPORTED |
: |
Construction materials Welding machine |
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EXPORT COUNTRIES |
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Turkmenistan Azerbaijan |
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MERCHANDISE EXPORTED |
: |
Construction materials |
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HEAD OFFICE ADDRESS |
: |
Yenisehir Mah. Bayraktar Bulvari Cad. No:2 Atasehir Istanbul / Turkey ( rented ) |
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BRANCHES |
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Branch Office : /Turkmenistan Branch Office : /Azerbaijan Branch Office : /Russia |
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SIZE OF BUSINESS |
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Large |
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MAIN DEALING BANKS |
: |
ING Bank Altunizade Branch Yapi ve Kredi Bankasi Kozyatagi Branch |
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PAYMENT BEHAVIOUR |
: |
No payment delays have come to our knowledge in the last years. |
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KEY FINANCIAL ELEMENTS |
: |
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REMARKS ON KEY FINANCIAL ELEMENTS |
: |
The key financial figures are declared by the subject company. There
is no certification for these figures. 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 fresh financial data. As the firm’s shares are not open to public
it is not obliged to announce its data. |
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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, it is not obliged to announce its data. |
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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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( 01.01-30.09.2011) |
9,72 % |
1,6335 |
2,3016 |
2,6294 |
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( 2011 ) |
13,33 % |
1,6797 |
2,3378 |
2,6863 |
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( 01.01-31.07.2012) |
1,71 % |
1,8018 |
2,3285 |
2,8424 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.50 |
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UK Pound |
1 |
Rs.86.40 |
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Euro |
1 |
Rs.68.69 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
---- |
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.