MIRA INFORM REPORT

 

 

Report Date :

18.02.2012

 

IDENTIFICATION DETAILS

 

Name :

VEYSEL KUTUKLU

 

 

Registered Office :

Nato Yolu Caddesi Emek Mahallesi Sivat Yolu No:19 Sarigazi Sancaktepe Yukari Dudullu Istanbul

 

 

Country :

Turkey

 

 

Date of Incorporation :

01.10.2005

 

 

Com. Reg. No.:

568196

 

 

Legal Form :

Sole-Proprietorship

 

 

Line of Business :

Manufacture and trade of spring machinery to be used at furniture sector.

 

 

No. of Employees :

20

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

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 – 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

 

COMPANY IDENTIFICATION

 

NAME

:

VEYSEL KUTUKLU

HEAD OFFICE ADDRESS

:

Nato Yolu Caddesi Emek Mahallesi Sivat Yolu No:19 Sarigazi Sancaktepe Yukari Dudullu Istanbul / Turkey

PHONE NUMBER

:

90-216-466 36 90(pbx)

 

FAX NUMBER

:

90-216 415 55 08

 

WEB-ADDRESS

:

www.veyselkutuklu.com

E-MAIL

:

info@veyselkutuklu.com

 

 

LEGAL STATUS AND HISTORY

 

NOTES ON LEGAL STATUS AND HISTORY

:

Liability of the subject is not limited to the capital.

 

 

TAX OFFICE

:

Sultanbeyli

TAX NO

:

34654821452

REGISTRATION NUMBER

:

568196

REGISTERED OFFICE

:

Istanbul Chamber of Commerce

DATE ESTABLISHED

:

01.10.2005

ESTABLISHMENT GAZETTE DATE/NO

:

27.10.2005/6420

LEGAL FORM

:

Sole-Proprietorship

TYPE OF COMPANY

:

Private

 

 

OWNERSHIP / MANAGEMENT

 

SHAREHOLDERS

:

Veysel Kutuklu

100 %

 

 

REMARKS ON SHAREHOLDERS

:

Veysel Kutuklu was born in 1942 and graduated from primary school.

 

 

PROPERTIES OWNED BY THE OWNER/PARTNERS

:

 

Property Type

A Vehicle

SISTER COMPANIES

:

Declared to be: None

 

DIRECTORS

:

Veysel Kutuklu

 

 

 

OPERATIONS

 

BUSINESS ACTIVITIES

:

Manufacture and trade of spring machinery to be used at furniture sector.

 

NACE CODE

:

DK.29.56

 

TRADEMARKS OWNED

:

Interzum

Vabs

 

NUMBER OF EMPLOYEES

:

20

 

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.

 

IMPORT COUNTRIES

:

Serbia

 

MERCHANDISE IMPORTED

:

Raw materials

 

 

EXPORT COUNTRIES

:

Iran

Paraguay

South Africa

Egypt

Russia

Bulgaria

Poland

U.K.

Pakistan

Argentina

Romania

 

MERCHANDISE  EXPORTED

:

Machinery

 

HEAD OFFICE ADDRESS

:

Nato Yolu Caddesi Emek Mahallesi Sivat Yolu No:19 Sarigazi Sancaktepe Yukari Dudullu Istanbul / Turkey

 

BRANCHES

:

Warehouse  :  Elbasan Yolu Uzeri Calik Hududu Beldesi Catalca Istanbul/Turkey

 

Head Office/Production Plant  :  Nato Yolu Caddesi Emek Mahallesi No:19 Sarigazi Sancaktepe Yukari Dudullu Istanbul/Turkey

 

FINANCE

 

MAIN DEALING BANKS

:

T. Garanti Bankasi Des Branch

T. Is Bankasi Des 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.

 

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

 ( 2008 )

8,11 %

1,2858

1,8876

2,3708

 ( 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

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.21

UK Pound

1

Rs.77.75

Euro

1

Rs.64.58

 

 

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.