MIRA INFORM REPORT

 

 

Report Date :

13.02.2012

 

IDENTIFICATION DETAILS

 

Name :

MUHAMMED ZAKIR KHAN-SAAZ ULUSLARARASI DANISMANLIK VE TICARET

 

 

Registered Office :

Hocacihan Saray Mah. Edebali Sok. C Blok No:8/3 Selcuklu Konya

 

 

Country :

Turkey

 

 

Date of Incorporation :

05.08.2009

 

 

Com. Reg. No.:

37747

 

 

Legal Form :

Sole-Proprietorship

 

 

Line of Business :

The subject was established to deal with trade of pulse and sesame and also providing consultancy services for food sector

 

 

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 :

Yet to Commence Business

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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Turkey

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

REMARKS

:

Full name of the firm was missing at your inquiry. The registered full name of the firm having the address stated at your inquiry is "MUHAMMED ZAKIR KHAN-SAAZ ULUSLARARASI DANISMANLIK VE TICARET" which is a sole-proprietorship. "SAAZ INTERNATIONAL CONSULTANT & TRADING" is the tradename of this firm in English.

 

 

COMPANY IDENTIFICATION

 

NAME

:

MUHAMMED ZAKIR KHAN-SAAZ ULUSLARARASI DANISMANLIK VE TICARET

HEAD OFFICE ADDRESS

:

Hocacihan Saray Mah. Edebali Sok. C Blok No:8/3 Selcuklu Konya / Turkey

PHONE NUMBER

:

90-332-257 04 00

 

FAX NUMBER

:

90-332-257 04 08

 

 

LEGAL STATUS AND HISTORY

 

NOTES ON LEGAL STATUS AND HISTORY

:

Liability of the subject is not limited to the capital.

 

 

TAX OFFICE

:

Meram

TAX NO

:

60022547860

REGISTRATION NUMBER

:

37747

REGISTERED OFFICE

:

Konya Chamber of Commerce

 

DATE ESTABLISHED

:

05.08.2009

REMARKS ON DATE ESTABLISHED

:

The subject sole-proprietorship was established on 05.08.2009. As the sole-proprietorships are not obliged to be registered at commercial registry, it has not registered at commercial registry until August 2010. It was registered at Konya Commercial Registry on 06.08.2010(Commercial Registry Gazette Date/No: 13.08.2010/7628)

LEGAL FORM

:

Sole-Proprietorship

TYPE OF COMPANY

:

Private

 

 

OWNERSHIP / MANAGEMENT

 

SHAREHOLDERS

:

Muhammed Zakir Khan

100 %

 

 

REMARKS ON SHAREHOLDERS

:

The owner "Muhammed Zakir Khan" was born on 02.03.1968 and graduated from university.

 

PROPERTIES OWNED BY THE OWNER/PARTNERS

:

A flat

A car

 

DIRECTORS

:

Muhammed Zakir Khan

 

 

 

OPERATIONS

 

NOTES ON OPERATIONS

:

Established but active operation hasn’t started yet..

 

 

BUSINESS ACTIVITIES

:

The subject was established to deal with trade of pulse and sesame and also providing consultancy services for food sector. But it is declared that, it has not started active operation yet. It is planning to start active operation soon.

 

NACE CODE

:

G .51.21

 

SECTOR

:

Commerce

 

NET SALES

:

0 TL

(05.08-31.12.2009) 

0 TL

(2010) 

0 TL

(2011) 

 

 

 

CAPACITY

:

None

 

PRODUCTION

:

None

 

REMARKS ON EXPORT

:

The subject has declared that it has not performed any export yet, but it is planning to export sesame and pulse to Bangladesh and Egypt.

 

HEAD OFFICE ADDRESS

:

Hocacihan Saray Mah. Edebali Sok. C Blok No:8/3 Selcuklu Konya / Turkey

 

INVESTMENTS

:

None

 

TREND OF BUSINESS

:

The firm has not become active yet.

 

 

FINANCE

 

MAIN DEALING BANKS

:

Garanti Bankasi Zafer Branch

Kuveyt Turk Katilim Bankasi Konya Branch

 

PAYMENT BEHAVIOUR

:

We are informed about some payment delays.

 

 

KEY FINANCIAL ELEMENTS

:

 

(05.08-31.12.2009) TL

(2010) TL

(2011) TL

Net Sales

0

0

0

Profit (Loss) Before Tax

-989

-859

-692

Gross Profit (loss)

0

0

0

Operating Profit (loss)

-989

-859

-692

Net Profit (loss)

-989

-859

-692

 

 

 

 

COMMENT ON FINANCIAL POSITION

 

Profitability

The firm had losses in 2009, 2010 and 2011 as it has not performed any sales so far.

General Financial Position

Unsatisfactory

 

 

 

Incr. in producers’ price index

 

Average USD/TL

Average EUR/TL

Average GBP/ TL

 ( 2009 )

5,93 %

1,5460

2,1529

2,4094

 ( 2010 )

8,87 %

1,5128

2,0096

2,3410

 ( 2011 )

13,33 %

1,6797

2,3378

2,6863

 ( 01.01-31.01.2012)

0,38 %

1,8353

2,3964

2,8635

 

 

INCOME STATEMENTS

 

 

(05.08-31.12.2009) TL

 

(2010) TL

 

(2011) TL

 

Net Sales

0

0,00

0

0,00

0

0,00

Cost of Goods Sold

0

0,00

0

0,00

0

0,00

Gross Profit

0

0,00

0

0,00

0

0,00

Operating Expenses

989

0,00

859

0,00

692

0,00

Operating Profit

-989

0,00

-859

0,00

-692

0,00

Other Income

0

0,00

0

0,00

0

0,00

Other Expenses

0

0,00

0

0,00

0

0,00

Financial Expenses

0

0,00

0

0,00

0

0,00

Minority Interests

0

0,00

0

0,00

0

0,00

Profit (loss) of consolidated firms

0

0,00

0

0,00

0

0,00

Profit (loss) Before Tax

-989

0,00

-859

0,00

-692

0,00

Tax Payable

0

0,00

0

0,00

0

0,00

Postponed Tax Gain

0

0,00

0

0,00

0

0,00

Net Profit (loss)

-989

0,00

-859

0,00

-692

0,00

 

 

As the subject is a sole-proprietorship it has no balance sheet.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.64

UK Pound

1

Rs.78.35

Euro

1

Rs.65.79

 

 

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.