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Report Date : |
05.07.2012 |
IDENTIFICATION DETAILS
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Name : |
INCI BULGUR VE KOMUR SANAYI TICARET A.S. |
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Formerly Known As : |
Yeni
Seyfa Bulgur Sanayi Ticaret A.S. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
28.10.1994 |
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Com. Reg. No.: |
5974 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and trade of
pulse mainly cracked wheat and trade of sesame |
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No. of Employees : |
50 |
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 – March 31st, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
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NAME |
: |
INCI BULGUR VE KOMUR SANAYI TICARET A.S. |
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HEAD OFFICE ADDRESS |
: |
Iskenderun Yolu Uzeri 17.Km. Serinyol 31120 Antakya Hatay / Turkey |
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PHONE NUMBER |
: |
90-326-233 53 33 90-326-233 53 34 |
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FAX NUMBER |
: |
90-326-233 33 33 90-326-233 36 36 |
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WEB-ADDRESS |
: |
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NOTES ON
LEGAL STATUS AND HISTORY |
: |
The paid-in
capital is declared by the subject. There is no certification for the paid-in
capital. |
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TAX OFFICE |
: |
23 Temmuz |
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TAX NO |
: |
9480039797 |
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REGISTRATION NUMBER |
: |
5974 |
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REGISTERED OFFICE |
: |
Antakya Chamber of Commerce and Industry |
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DATE ESTABLISHED |
: |
28.10.1994 |
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ESTABLISHMENT GAZETTE DATE/NO |
: |
09.11.1994/3656 |
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LEGAL FORM |
: |
Joint Stock Company |
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TYPE OF COMPANY |
: |
Private |
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REGISTERED CAPITAL |
: |
TL 4.600.000 |
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PAID-IN CAPITAL |
: |
TL 4.600.000 |
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HISTORY |
: |
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SHAREHOLDERS |
: |
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SISTER COMPANIES |
: |
INCI EGITIM HIZMETLERI TURIZM VE OTELCILIK TICARET LTD. STI. |
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BOARD OF DIRECTORS |
: |
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BUSINESS ACTIVITIES |
: |
Manufacture and trade of pulse mainly cracked wheat and trade of
sesame. The subject also orders agricultural machinery and equipments to be
manufactured in the name of the subject company to contract
manufacturers. The firm has also got a license to deal with import of coal. |
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NACE CODE |
: |
DA.15.61 |
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TRADEMARKS OWNED |
: |
Inci Bulgur |
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NUMBER OF EMPLOYEES |
: |
50 |
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NET SALES |
: |
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REMARKS ON NET SALES |
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The sales figures are declared by the subject company. There is no
certification for these figures. |
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PRODUCTION |
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IMPORT VALUE |
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IMPORT COUNTRIES |
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Nigeria Ethiopia Mozambique Paraguay India Pakistan Sudan Colombia |
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MERCHANDISE IMPORTED |
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Sesame |
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EXPORT VALUE |
: |
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EXPORT COUNTRIES |
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Sudan Saudi Arabia Ethiopia Iraq Germany |
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MERCHANDISE EXPORTED |
: |
Agricultural machinery Agricultural machinery equipments Cereal grain Lentil Sesame |
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HEAD OFFICE ADDRESS |
: |
Iskenderun Yolu Uzeri 17.Km. Serinyol 31120 Antakya Hatay / Turkey
(owned) |
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BRANCHES |
: |
Warehouse : Haraparasi Mah. Osman Durmaz Cad. Sabahat
Yilmaz Ishani Zemin Kat No:7 Antakya Hatay/Turkey (rented) (50 sqm) Warehouse : Cilek Mah. 63128. Sok. No:2 Mersin/Turkey
(rented) (1.000 sqm) Head Office/Production Plant
: Iskenderun Yolu Uzeri 17.Km.
Serinyol 31120 Antakya Hatay/Turkey (owned) (20.715 sqm) |
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TREND OF
BUSINESS |
: |
There was a slowdown
at business volume in real terms in
2011. |
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MAIN DEALING BANKS |
: |
Asya Katilim Bankasi Antakya Branch Garanti Bankasi Antakya Branch ING Bank Antakya Branch T. Halk Bankasi Antakya Branch T. Is Bankasi Antakya Branch Yapi ve Kredi Bankasi Antakya Branch |
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PAYMENT BEHAVIOUR |
: |
We are informed about a single payment delay in the former years which
was resolved later on but no payment delays have come to our knowledge in the
last years. |
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KEY FINANCIAL ELEMENTS |
: |
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REMARKS ON KEY FINANCIAL ELEMENTS |
: |
The financial figures are declared by the company. There is no
certification for these figures. |
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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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( 2011 ) |
13,33 % |
1,6797 |
2,3378 |
2,6863 |
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( 01.01-31.05.2012) |
1,27 % |
1,8008 |
2,3565 |
2,8479 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.54.55 |
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UK Pound |
1 |
Rs.85.48 |
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Euro |
1 |
Rs.68.70 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.