|
Report Date : |
24.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
HAS-PA TEKSTIL DOKUMA SANAYI VE TICARET LTD.
STI. |
|
|
|
|
Registered Office : |
Saraylar Mah. 460. Sok. No:11 Merkez Denizli |
|
|
|
|
Country : |
Turkey |
|
|
|
|
Financials (as on) : |
30.06.2012 |
|
|
|
|
Date of Incorporation : |
11.10.1995 |
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|
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Com. Reg. No.: |
14081 |
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|
|
|
Legal Form : |
Limited Company |
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|
|
|
Line of Business : |
Retail trade of weaving machines and its parts |
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|
|
|
No. of Employees : |
04 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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 |
|
NAME |
: |
HAS-PA TEKSTIL DOKUMA SANAYI VE TICARET LTD. STI. |
|
HEAD OFFICE ADDRESS |
: |
Saraylar Mah. 460. Sok. No:11 Merkez Denizli / Turkey |
|
PHONE NUMBER |
: |
90-258-263 97 97 |
|
FAX NUMBER |
: |
90-258-261 42 32 |
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E-MAIL |
: |
|
TAX OFFICE |
: |
Saraylar |
|
TAX NO |
: |
4580068899 |
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REGISTRATION NUMBER |
: |
14081 |
|
REGISTERED OFFICE |
: |
Denizli Chamber of Commerce |
|
DATE ESTABLISHED |
: |
11.10.1995 |
|
ESTABLISHMENT GAZETTE DATE/NO |
: |
20.10.1995/3897 |
|
LEGAL FORM |
: |
Limited Company |
|
TYPE OF COMPANY |
: |
Private |
|
REGISTERED CAPITAL |
: |
TL 25.000 |
|
PAID-IN CAPITAL |
: |
TL 25.000 |
|
HISTORY |
: |
|
|
SHAREHOLDERS |
: |
|
||||||
|
SISTER COMPANIES |
: |
Declared to be: None |
||||||
|
DIRECTORS |
: |
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|
BUSINESS ACTIVITIES |
: |
Retail trade of weaving machines and its parts. |
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NACE CODE |
: |
G .52.48 |
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|
SECTOR |
: |
Commerce |
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NUMBER OF EMPLOYEES |
: |
4 |
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NET SALES |
: |
|
||||||||
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CAPACITY |
: |
None |
||||||||
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PRODUCTION |
: |
None |
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IMPORT VALUE |
: |
|
||||||||
|
EXPORT VALUE |
: |
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||||||||
|
EXPORT COUNTRIES |
: |
European Countries Middle East Countries |
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MERCHANDISE EXPORTED |
: |
Weaving machines |
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HEAD OFFICE ADDRESS |
: |
Saraylar Mah. 460. Sok. No:11 Merkez Denizli / Turkey |
|
INVESTMENTS |
: |
None |
|
TREND OF
BUSINESS |
: |
There was a
decline at business volume in nominal terms in 2011. There appears a decline at business
volume in nominal terms in 1.1 - 30.6.2012.
|
|
SIZE OF BUSINESS |
: |
Lower-Moderate |
|
MAIN DEALING BANKS |
: |
T. Finans Katilim Bankasi Bayramyeri Branch |
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CREDIT FACILITIES |
: |
No credit facility has come to our knowledge. |
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PAYMENT BEHAVIOUR |
: |
No payment delays have come to our knowledge. |
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|
KEY FINANCIAL ELEMENTS |
: |
|
|
Capitalization |
In Order As of
31.12.2011 |
|
Liquidity |
High As of
31.12.2011 |
|
Remarks On
Liquidity |
The favorable
gap between average collection and average payable period has a positive
effect on liquidity. |
|
Profitability |
High Operating
Profitability in 2011 High Net
Profitability in 2011 Good Operating
Profitability (01.01-30.06.2012) High Net
Profitability (01.01-30.06.2012) |
|
Gap between
average collection and payable periods |
Favorable in
2011 |
|
General
Financial Position |
In Order |
|
Remarks on General
Financial Position |
Financial ratios
are in order but there was a decline at business volume in nominal terms in
1.1 - 30.6.2012. |
|
|
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 |
|
( 01.01-30.06.2012) |
1,95 % |
1,8028 |
2,3463 |
2,8462 |
|
( 01.01-31.07.2012) |
1,71 % |
1,8018 |
2,3285 |
2,8424 |
|
|
( 31.12.2011 ) TL |
|
|
CURRENT ASSETS |
1.422.197 |
0,95 |
|
Not Detailed
Current Assets |
0 |
0,00 |
|
Cash and Banks |
949.597 |
0,64 |
|
Marketable
Securities |
0 |
0,00 |
|
Account
Receivable |
32.619 |
0,02 |
|
Other Receivable |
0 |
0,00 |
|
Inventories |
183.520 |
0,12 |
|
Advances Given |
193.438 |
0,13 |
|
Accumulated
Construction Expense |
0 |
0,00 |
|
Other Current
Assets |
63.023 |
0,04 |
|
NON-CURRENT
ASSETS |
67.336 |
0,05 |
|
Not Detailed
Non-Current Assets |
0 |
0,00 |
|
Long-term
Receivable |
0 |
0,00 |
|
Financial Assets |
0 |
0,00 |
|
Tangible Fixed
Assets (net) |
59.784 |
0,04 |
|
Intangible
Assets |
0 |
0,00 |
|
Deferred Tax
Assets |
0 |
0,00 |
|
Other
Non-Current Assets |
7.552 |
0,01 |
|
TOTAL ASSETS |
1.489.533 |
1,00 |
|
CURRENT
LIABILITIES |
813.475 |
0,55 |
|
Not Detailed
Current Liabilities |
0 |
0,00 |
|
Financial Loans |
0 |
0,00 |
|
Accounts Payable |
258.606 |
0,17 |
|
Loans from
Shareholders |
0 |
0,00 |
|
Other Short-term
Payable |
0 |
0,00 |
|
Advances from
Customers |
540.102 |
0,36 |
|
Accumulated Construction
Income |
0 |
0,00 |
|
Taxes Payable |
16.241 |
0,01 |
|
Provisions |
-1.474 |
0,00 |
|
Other Current
Liabilities |
0 |
0,00 |
|
LONG-TERM
LIABILITIES |
0 |
0,00 |
|
Not Detailed
Long-term Liabilities |
0 |
0,00 |
|
Financial Loans |
0 |
0,00 |
|
Securities
Issued |
0 |
0,00 |
|
Long-term
Payable |
0 |
0,00 |
|
Loans from
Shareholders |
0 |
0,00 |
|
Other Long-term
Liabilities |
0 |
0,00 |
|
Provisions |
0 |
0,00 |
|
STOCKHOLDERS'
EQUITY |
676.058 |
0,45 |
|
Not Detailed
Stockholders' Equity |
676.058 |
0,45 |
|
Paid-in Capital |
0 |
0,00 |
|
Cross
Shareholding Adjustment of Capital |
0 |
0,00 |
|
Inflation
Adjustment of Capital |
0 |
0,00 |
|
Equity of
Consolidated Firms |
0 |
0,00 |
|
Reserves |
0 |
0,00 |
|
Revaluation Fund |
0 |
0,00 |
|
Accumulated Losses(-) |
0 |
0,00 |
|
Net Profit
(loss) |
0 |
0,00 |
|
TOTAL
LIABILITIES AND EQUITY |
1.489.533 |
1,00 |
|
REMARKS ON
FINANCIAL STATEMENT |
: |
At the financial
statements according to TAS, "Cheques Received" and
"Outstanding Cheques" figures are under "Cash And Banks"
figure. Beginning from the financial
statements of 31.12.2011, "Cheques Received" and "Outstanding
Cheques" figures are given under "Account Receivable" figure
and "Account Payable" figure respectively. |
|
|
(2011) TL |
|
(01.01-30.06.2012)
TL |
|
|
Net Sales |
1.044.727 |
1,00 |
329.136 |
1,00 |
|
Cost of Goods
Sold |
675.518 |
0,65 |
235.000 |
0,71 |
|
Gross Profit |
369.209 |
0,35 |
94.136 |
0,29 |
|
Operating Expenses |
208.597 |
0,20 |
72.242 |
0,22 |
|
Operating Profit |
160.612 |
0,15 |
21.894 |
0,07 |
|
Other Income |
1.778 |
0,00 |
1.064 |
0,00 |
|
Other Expenses |
165 |
0,00 |
0 |
0,00 |
|
Financial
Expenses |
0 |
0,00 |
0 |
0,00 |
|
Minority
Interests |
0 |
0,00 |
0 |
0,00 |
|
Profit (loss) of
consolidated firms |
0 |
0,00 |
0 |
0,00 |
|
Profit (loss)
Before Tax |
162.225 |
0,16 |
22.958 |
0,07 |
|
Tax Payable |
0 |
0,00 |
0 |
0,00 |
|
Postponed Tax
Gain |
0 |
0,00 |
0 |
0,00 |
|
Net Profit
(loss) |
162.225 |
0,16 |
22.958 |
0,07 |
|
|
(2011) |
|
LIQUIDITY RATIOS |
|
|
Current Ratio |
1,75 |
|
Acid-Test Ratio |
1,21 |
|
Cash Ratio |
1,17 |
|
ASSET STRUCTURE
RATIOS |
|
|
Inventory/Total
Assets |
0,12 |
|
Short-term Receivable/Total
Assets |
0,02 |
|
Tangible
Assets/Total Assets |
0,04 |
|
TURNOVER RATIOS |
|
|
Inventory
Turnover |
3,68 |
|
Stockholders'
Equity Turnover |
1,55 |
|
Asset Turnover |
0,70 |
|
FINANCIAL
STRUCTURE |
|
|
Stockholders'
Equity/Total Assets |
0,45 |
|
Current
Liabilities/Total Assets |
0,55 |
|
Financial
Leverage |
0,55 |
|
Gearing
Percentage |
1,20 |
|
PROFITABILITY
RATIOS |
|
|
Net
Profit/Stockholders' Eq. |
0,24 |
|
Operating Profit
Margin |
0,15 |
|
Net Profit
Margin |
0,16 |
|
Interest Cover |
|
|
COLLECTION-PAYMENT |
|
|
Average
Collection Period (days) |
11,24 |
|
Average Payable
Period (days) |
137,82 |
|
WORKING CAPITAL |
608722,00 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.19 |
|
UK Pound |
1 |
Rs.87.65 |
|
Euro |
1 |
Rs.69.16 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.