MIRA INFORM REPORT

Report Date :

24.01.2012

IDENTIFICATION DETAILS

Name :	EASTERN TRADING KIMYASAL MADDELER IC VE DIS TICARET LTD. STI.

Registered Office :	Ataturk Havalimani Kavsagi EGS Business Park Blk. B1 Bl.N.57 Bakirkoy Istanbul

Country :	Turkey

Date of Incorporation :	21.11.2011

Com. Reg. No.:	797202

Legal Form :	Limited Company

Line of Business :	wholesale trade of chemical materials and spices

No. of Employees :	05

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

NOTES

Full name of the firm was missing at your inquiry.

COMPANY IDENTIFICATION

NAME	:	EASTERN TRADING KIMYASAL MADDELER IC VE DIS TICARET LTD. STI.
HEAD OFFICE ADDRESS	:	Ataturk Havalimani Kavsagi EGS Business Park Blk. B1 Bl.N.57 Bakirkoy Istanbul / Turkey
REMARKS ON HEAD OFFICE ADDRESS	:	The firm has declared that it is planning to move from "Ataturk Havalimani Kavsagi EGS Business Park Blk. B1 Bl.N.57 Bakirkoy Istanbul" to "Oto Sanayi Sitesi Ahi Evren Cad. Ata Center Is Merkezi A Kule No:9 K:2 Istanbul" at the end of January.
PHONE NUMBER	:	90-532-410 61 29 (Contact number of financial advisor Mr.Sacit) 90-539-581 65 84 (Contact number of employee Mr. Yasar)

LEGAL STATUS AND HISTORY

TAX OFFICE		:		Bakirkoy
TAX NO		:		3230497472
REGISTRATION NUMBER		:		797202
REGISTERED OFFICE		:		Istanbul Chamber of Commerce
DATE ESTABLISHED		:		21.11.2011
ESTABLISHMENT GAZETTE DATE/NO		:		25.11.2011/7948
LEGAL FORM	:		Limited Company
TYPE OF COMPANY	:		Private
REGISTERED CAPITAL	:		TL 100.000

OWNERSHIP / MANAGEMENT

SHAREHOLDERS

Seyeda Mirmohammad Jalalian	60 %
Niloufar Kiani	40 %

SISTER COMPANIES

Declared to be: None

SUBSIDIARIES

Declared to be: None

DIRECTORS

Seyeda Mirmohammad Jalalian

OPERATIONS

NOTES ON OPERATIONS	:	Established but active operation hasn’t started yet..
BUSINESS ACTIVITIES	:	The subject which was established on 21.11.2011 to deal with wholesale trade of chemical materials and spices but it has not started active operation yet. It is planning to start active operation at the end of January.
NUMBER OF EMPLOYEES	:	5
REMARKS ON NET SALES	:	The subject which was established on 21.11.2011 has declared that it has not performed any sales as it has not started active operation yet.
CAPACITY	:	None
PRODUCTION	:	None
HEAD OFFICE ADDRESS	:	Ataturk Havalimani Kavsagi EGS Business Park Blk. B1 Bl.N.57 Bakirkoy Istanbul / Turkey
INVESTMENTS	:	None

TREND OF BUSINESS

Undetermined ; recently established business.

FINANCE

MAIN DEALING BANKS

T. Halk Bankasi Merter Ticari Branch

T. Is Bankasi Laleli Branch

PAYMENT BEHAVIORS

Unknown

COMMENT ON FINANCIAL POSITION

Remarks on General Financial Position

Undetermined ; recently established business.

	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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.50.24
UK Pound	1	Rs.78.13
Euro	1	Rs.64.79

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