MIRA INFORM REPORT

Report Date :

03.01.2012

IDENTIFICATION DETAILS

Name :	R.G MAKINA OTOMASYON SANAYI VE TICARET LTD. STI.

Registered Office :	Samanli Mah. Sevgi Cad. No:91 Yildirim Bursa

Country :	Turkey

Financials (as on) :	30.09.2011

Date of Incorporation :	22.03.2011

Com. Reg. No.:	74736

Legal Form :	Limited Company

Line of Business :	Manufacture and trade of machinery to be used textile sector

No. of Employees :	8

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
----	NB	New Business	----

Status :	New company
Payment Behaviour :	Unknown
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^th, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Turkey

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

COMPANY IDENTIFICATION

NAME	:	R.G MAKINA OTOMASYON SANAYI VE TICARET LTD. STI.
HEAD OFFICE ADDRESS	:	Samanli Mah. Sevgi Cad. No:91 Yildirim Bursa / Turkey
PHONE NUMBER	:	90-224-351 23 85
FAX NUMBER	:	90-224-351 23 88

LEGAL STATUS AND HISTORY

TAX OFFICE	:	Gokdere
TAX NO	:	7340651900
REGISTRATION NUMBER	:	74736
REGISTERED OFFICE	:	Bursa Chamber of Commerce and Industry
DATE ESTABLISHED	:	22.03.2011
ESTABLISHMENT GAZETTE DATE/NO	:	30.03.2011/7783
LEGAL FORM	:	Limited Company
TYPE OF COMPANY	:	Private
REGISTERED CAPITAL	:	TL 100.000

OWNERSHIP / MANAGEMENT

SHAREHOLDERS

Ramazan Geyen	55 %
Asiye Ulker Ergun	45 %

SISTER COMPANIES

Declared to be: None

SUBSIDIARIES

Declared to be: None

DIRECTORS

Ramazan Geyen

OPERATIONS

BUSINESS ACTIVITIES

Manufacture and trade of machinery to be used textile sector.

NACE CODE

DK.29.54

NUMBER OF EMPLOYEES

NET SALES

251.459 TL	(22.03-30.09.2011)

EXPORT VALUE

0 TL	(22.03-30.09.2011)

HEAD OFFICE ADDRESS

Samanli Mah. Sevgi Cad. No:91 Yildirim Bursa / Turkey

BRANCHES

Head Office/Production Plant : Samanli Mah. Sevgi Cad. No:91 Yildirim Bursa/Turkey

TREND OF BUSINESS

Undetermined; young business.

FINANCE

MAIN DEALING BANKS

T. Halk Bankasi Bursa Branch

PAYMENT BEHAVIOUR

Unknown

KEY FINANCIAL ELEMENTS

	(22.03-30.09.2011) TL
Net Sales	251.459
Profit (Loss) Before Tax	6.152
Gross Profit (loss)	59.355
Operating Profit (loss)	2.333
Net Profit (loss)	6.152

COMMENT ON FINANCIAL POSITION

Profitability

Low Operating Profitability (22.03-30.09.2011)

Fair Net Profitability (22.03-30.09.2011)

General Financial Position

The firm has profit but general financial position is undetermined.

Incr. in producers’ price index

Average USD/TL

Average EUR/TL

Average GBP/ TL

( 01.01-30.09.2011)

9,72 %

1,6335

2,3016

2,6294

( 01.01-30.11.2011)

12,20 %

1,6616

2,3280

2,6658

INCOME STATEMENT

	(22.03-30.09.2011) TL
Net Sales	251.459	1,00
Cost of Goods Sold	192.104	0,76
Gross Profit	59.355	0,24
Operating Expenses	57.022	0,23
Operating Profit	2.333	0,01
Other Income	3.819	0,02
Other Expenses	0	0,00
Financial Expenses	0	0,00
Minority Interests	0	0,00
Profit (loss) of consolidated firms	0	0,00
Profit (loss) Before Tax	6.152	0,02
Tax Payable	0	0,00
Postponed Tax Gain	0	0,00
Net Profit (loss)	6.152	0,02

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.53.30
UK Pound	1	Rs.82.66
Euro	1	Rs.68.91

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%)

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