MIRA INFORM REPORT

 

 

Report Date :

13.07.2012

 

IDENTIFICATION DETAILS

 

Name :

RDM IC VE DIS TICARET MUMESSILLIK LTD. STI.

 

 

Registered Office :

1476. Sok. No:1 Tibas Alsancak Is Merkezi Kat:8 Daire:16 Alsancak Konak Izmir

 

 

Country :

Turkey

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

20.12.2011

 

 

Com. Reg. No.:

Merkez-157943

 

 

Legal Form :

Limited Company

 

 

Line of Business :

wholesale trade of rubber tyre, wheel rim and plastic raw materials

 

 

No. of Employees :

04

 

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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

:

RDM IC VE DIS TICARET MUMESSILLIK LTD. STI.

HEAD OFFICE ADDRESS

:

1476. Sok. No:1 Tibas Alsancak Is Merkezi Kat:8 Daire:16 Alsancak Konak Izmir / Turkey

PHONE NUMBER

:

90-232-422 01 21

90-232-422 01 91

 

FAX NUMBER

:

90-232-422 01 31

 

 

 

LEGAL STATUS AND HISTORY

 

TAX OFFICE

:

Kordon

TAX NO

:

7340670466

REGISTRATION NUMBER

:

Merkez-157943

REGISTERED OFFICE

:

Izmir Chamber of Commerce

DATE ESTABLISHED

:

20.12.2011

ESTABLISHMENT GAZETTE DATE/NO

:

26.12.2011/7969

LEGAL FORM

:

Limited Company

TYPE OF COMPANY

:

Private

REGISTERED CAPITAL

:

TL   50.000

 

HISTORY

:

Previous Address

:

1473 Sok. No:5 Kat:6 Daire:606 Alsancak Konak Izmir

Changed On

:

17.01.2012 (Commercial Gazette Date /Number 23.01.2012/ 7989)

 

 

OWNERSHIP / MANAGEMENT

 

SHAREHOLDERS

:

Yasar Coskun

50 %

Tolga Emrah Gezgin

50 %

 

 

SISTER COMPANIES

:

ERK LIMAN HIZMETLERI VE LOJISTIK TICARET LTD. STI.

 

SUBSIDIARIES

:

None

 

DIRECTORS

:

Tolga Emrah Gezgin

 

 

OPERATIONS

 

BUSINESS ACTIVITIES

:

The subject was established on 20.12.2011 to deal with wholesale trade of rubber tyre, wheel rim and plastic raw materials. 

 

NACE CODE

:

G .50.30

 

SECTOR

:

Commerce

 

NUMBER OF EMPLOYEES

:

4

 

NET SALES

:

0 TL

(20.12-31.12.2011) 

17.350 TL

(01.01-31.03.2012) 

 

 

CAPACITY

:

None

 

PRODUCTION

:

None

 

IMPORT COUNTRIES

:

Iran

 

MERCHANDISE IMPORTED

:

Plastic raw materials

 

EXPORT VALUE

:

0 TL

(20.12-31.12.2011)

0 TL

(01.01-31.03.2012)

 

 

HEAD OFFICE ADDRESS

:

1476. Sok. No:1 Tibas Alsancak Is Merkezi Kat:8 Daire:16 Alsancak Konak Izmir / Turkey

 

INVESTMENTS

:

None

 

 

 

TREND OF BUSINESS

:

Undetermined; young business.

SIZE OF BUSINESS

:

Small

 

 

FINANCE

 

MAIN DEALING BANKS

:

Finansbank Bayrakli Branch

Garanti Bankasi Konak Branch

T.Is Bankasi Yeni Liman Branch

 

CREDIT FACILITIES

:

No credit facility has come our knowledge

 

PAYMENT BEHAVIOUR

:

No payment delays have come to our knowledge.

 

KEY FINANCIAL ELEMENTS

:

 

(20.12-31.12.2011) TL

(01.01-31.03.2012) TL

 

 

 

Net Sales

0

17.350

 

 

 

Profit (Loss) Before Tax

-2.652

-26.553

 

 

 

Stockholders' Equity

-2.652

 

 

 

 

Total Assets

139

 

 

 

 

Current Assets

139

 

 

 

 

Non-Current Assets

0

 

 

 

 

Current Liabilities

2.791

 

 

 

 

Long-Term Liabilities

0

 

 

 

 

Gross Profit (loss)

0

17.350

 

 

 

Operating Profit (loss)

-2.652

-26.474

 

 

 

Net Profit (loss)

-2.652

-26.553

 

 

 

 

 

 

 

COMMENT ON FINANCIAL POSITION

 

Capitalization

Negative Stockholders’ Equity

 

Remarks on Capitalization

A part of total liabilities and equity consist of loans from shareholders. 

 

The loss at the last interim period is expected to have a further negative effect on equity total since the last balance sheet date.

 

Liquidity

Insufficient As of 31.12.2011

Remarks On Liquidity

A part of total liabilities and equity consist of loans from shareholders.

Profitability

Operating Loss (20.12-31.12.2011)

Net Loss (20.12-31.12.2011)

Operating Loss (01.01-31.03.2012)

Net Loss (01.01-31.03.2012)

 

General Financial Position

Poor

 

 

 

Incr. in producers’ price index

 

Average USD/TL

Average EUR/TL

Average GBP/ TL

 ( 2011 )

13,33 %

1,6797

2,3378

2,6863

 ( 01.01-31.03.2012)

0,65 %

1,7995

2,3799

2,8402

 ( 01.01-30.06.2012)

1,95 %

1,8028

2,3463

2,8462

 

 

BALANCE SHEETS

 

 

 ( 31.12.2011 )  TL

 

CURRENT ASSETS

139

1,00

Not Detailed Current Assets

0

0,00

Cash and Banks

0

0,00

Marketable Securities

0

0,00

Account Receivable

0

0,00

Other Receivable

0

0,00

Inventories

0

0,00

Advances Given

0

0,00

Accumulated Construction Expense

0

0,00

Other Current Assets

139

1,00

NON-CURRENT ASSETS

0

0,00

Not Detailed Non-Current Assets

0

0,00

Long-term Receivable

0

0,00

Financial Assets

0

0,00

Tangible Fixed Assets (net)

0

0,00

Intangible Assets

0

0,00

Deferred Tax Assets

0

0,00

Other Non-Current Assets

0

0,00

TOTAL ASSETS

139

1,00

CURRENT LIABILITIES

2.791

20,08

Not Detailed Current Liabilities

0

0,00

Financial Loans

0

0,00

Accounts Payable

196

1,41

Loans from Shareholders

2.555

18,38

Other Short-term Payable

0

0,00

Advances from Customers

0

0,00

Accumulated Construction Income

0

0,00

Taxes Payable

40

0,29

Provisions

0

0,00

Other Current Liabilities

0

0,00

LONG-TERM LIABILITIES

0

0,00

Not Detailed Long-term Liabilities

0

0,00

Financial Loans

0

0,00

Securities Issued

0

0,00

Long-term Payable

0

0,00

Loans from Shareholders

0

0,00

Other Long-term Liabilities

0

0,00

Provisions

0

0,00

STOCKHOLDERS' EQUITY

-2.652

-19,08

Not Detailed Stockholders' Equity

0

0,00

Paid-in Capital

0

0,00

Cross Shareholding Adjustment of Capital

0

0,00

Inflation Adjustment of Capital

0

0,00

Equity of Consolidated Firms

0

0,00

Reserves

0

0,00

Revaluation Fund

0

0,00

Accumulated Losses(-)

0

0,00

Net Profit (loss)

-2.652

-19,08

TOTAL LIABILITIES AND EQUITY

139

1,00

 

 

 

INCOME STATEMENTS

 

 

(20.12-31.12.2011) TL

 

(01.01-31.03.2012) TL

 

Net Sales

0

0,00

17.350

1,00

Cost of Goods Sold

0

0,00

0

0,00

Gross Profit

0

0,00

17.350

1,00

Operating Expenses

2.652

0,00

43.824

2,53

Operating Profit

-2.652

0,00

-26.474

-1,53

Other Income

0

0,00

0

0,00

Other Expenses

0

0,00

13

0,00

Financial Expenses

0

0,00

66

0,00

Minority Interests

0

0,00

0

0,00

Profit (loss) of consolidated firms

0

0,00

0

0,00

Profit (loss) Before Tax

-2.652

0,00

-26.553

-1,53

Tax Payable

0

0,00

0

0,00

Postponed Tax Gain

0

0,00

0

0,00

Net Profit (loss)

-2.652

0,00

-26.553

-1,53

 

FINANCIAL RATIOS

 

 

(20.12-31.12.2011)

LIQUIDITY RATIOS

 

Current Ratio

0,05

Acid-Test Ratio

0,00

Cash Ratio

0,00

ASSET STRUCTURE RATIOS

 

Inventory/Total Assets

0,00

Short-term Receivable/Total Assets

0,00

Tangible Assets/Total Assets

0,00

TURNOVER RATIOS

 

Inventory Turnover

 

Stockholders' Equity Turnover

0,00

Asset Turnover

0,00

FINANCIAL STRUCTURE

 

Stockholders' Equity/Total Assets

-19,08

Current Liabilities/Total Assets

20,08

Financial Leverage

20,08

Gearing Percentage

-1,05

PROFITABILITY RATIOS

 

Net Profit/Stockholders' Eq.

1,00

Operating Profit Margin

 

Net Profit Margin

 

Interest Cover

 

COLLECTION-PAYMENT

 

Average Collection Period (days)

 

Average Payable Period (days)

 

WORKING CAPITAL

-2652,00

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.70

UK Pound

1

Rs.86.28

Euro

1

Rs.68.15

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.