MIRA INFORM REPORT
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Report Date : |
04.01.2012 |
IDENTIFICATION DETAILS
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Name : |
DENIM KUMASCILIK TICARET VE SANAYI LTD. STI. |
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Registered Office : |
Merkez Mah. Dogu Sanayi Sitesi 11. Blok
No: 3 Yenibosna Istanbul |
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Country : |
Turkey |
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Date of Incorporation : |
14.08.1991 |
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Com. Reg. No.: |
277966 |
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Legal Form : |
Limited Company |
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Line of Business : |
Dyeing, finishing and trade of fabric, trade of fabric and
yarn |
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No. of Employees
: |
230 |
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 : |
No Complaints |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
COMPANY IDENTIFICATION
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NAME |
: |
DENIM KUMASCILIK TICARET VE SANAYI LTD. STI. |
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HEAD OFFICE ADDRESS |
: |
Merkez Mah. Dogu Sanayi Sitesi 11. Blok No: 3 Yenibosna Istanbul /
Turkey |
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PHONE NUMBER |
: |
90-212-451 77 77 |
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FAX NUMBER |
: |
90-212-451 64 44 |
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WEB-ADDRESS |
: |
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E-MAIL |
: |
LEGAL STATUS AND HISTORY
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TAX OFFICE |
: |
Dis Ticaret |
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TAX NO |
: |
2910016851 |
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REGISTRATION NUMBER |
: |
277966 |
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REGISTERED OFFICE |
: |
Istanbul Chamber of Commerce |
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DATE ESTABLISHED |
: |
14.08.1991 |
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ESTABLISHMENT GAZETTE DATE/NO |
: |
20.08.1991/2842 |
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LEGAL FORM |
: |
Limited Company |
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TYPE OF COMPANY |
: |
Private |
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REGISTERED CAPITAL |
: |
TL 1.000.000 |
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PAID-IN CAPITAL |
: |
TL 1.000.000 |
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HISTORY |
: |
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OWNERSHIP / MANAGEMENT
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SHAREHOLDERS |
: |
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SISTER COMPANIES |
: |
C O Y GIDA TURIZM TICARET LTD. STI. DENER TEKSTIL SANAYI VE TICARET LTD. STI. |
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SUBSIDIARIES |
: |
C O Y GIDA TURIZM TICARET LTD. STI.
( 37,50 % ) |
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DIRECTORS |
: |
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OPERATIONS
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NOTES ON
OPERATIONS |
: |
A new business
activity has been added. |
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BUSINESS ACTIVITIES |
: |
Dyeing, finishing and trade of fabric, trade of fabric and yarn. The
firm is also dealing with manufacture and trade of ready-wear. The firm has declared that, it started manufacture and trade of
ready-wear at the beginning of 2011. |
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NACE CODE |
: |
DB.18.22 |
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SECTOR |
: |
Textile |
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NUMBER OF EMPLOYEES |
: |
230 |
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NET SALES |
: |
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REMARKS ON NET SALES |
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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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IMPORT VALUE |
: |
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IMPORT COUNTRIES |
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Italy Spain Pakistan China Russia Germany U.S.A. |
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MERCHANDISE IMPORTED |
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Fabric Machinery Yarn |
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EXPORT COUNTRIES |
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Egypt Tunisia Netherlands China Poland Italy Germany India Bulgaria Belgium U.K. U.S.A. Morocco France Vietnam Madagascar Serbia Lithuania Taiwan Portugal Japan Sri Lanka Canada Free Zone |
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MERCHANDISE EXPORTED |
: |
Fabric Yarn |
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HEAD OFFICE ADDRESS |
: |
Merkez Mah. Dogu Sanayi Sitesi 11. Blok No: 3 Yenibosna Istanbul /
Turkey ( owned ) |
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BRANCHES |
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Factory : Acmalar Mevkii Muratli Yolu 2. Km
Buyukkaristiran Luleburgaz Kirklareli/Turkey (owned) (15.060 sqm) Factory : Evren Mah. Gulbahar Cad. Dicle Sok. 6/3 2
Normal Kat Bagcilar Istanbul/Turkey (rented) |
FINANCE
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MAIN DEALING BANKS |
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Garanti Bankasi Yenibosna Branch HSBC Bank Merter Branch T. Halk Bankasi Istanbul Ticari Branch |
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PAYMENT BEHAVIOUR |
: |
No payment delays have come to our knowledge in the last years. |
COMMENT ON FINANCIAL POSITION
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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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( 2007 ) |
5,94 % |
1,3075 |
1,7901 |
2,6133 |
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( 2008 ) |
8,11 % |
1,2858 |
1,8876 |
2,3708 |
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( 2009 ) |
5,93 % |
1,5460 |
2,1529 |
2,4094 |
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( 2010 ) |
8,87 % |
1,5128 |
2,0096 |
2,3410 |
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( 01.01-30.11.2011) |
12,20 % |
1,6616 |
2,3280 |
2,6658 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.53.23 |
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UK Pound |
1 |
Rs.82.87 |
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Euro |
1 |
Rs.69.13 |
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 |
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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.