MIRA INFORM REPORT

 

 

Report Date :

11.06.2012

 

IDENTIFICATION DETAILS

 

Name :

BAREKS DIS TICARET A.S.

 

 

Registered Office :

Tersane Cad. Isik Is Merkezi No:92 K:2 Karakoy Istanbul

 

 

Country :

Turkey

 

 

Date of Incorporation :

06.04.1995

 

 

Com. Reg. No.:

328940

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

The business line of the firm is trade of construction materials such as glazed tiles, marble, iron products and other metal products etc

 

 

No. of Employees :

Not Available  

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

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

:

BAREKS DIS TICARET A.S.

HEAD OFFICE ADDRESS

:

Tersane Cad. Isik Is Merkezi No:92 K:2 Karakoy Istanbul / Turkey

PHONE NUMBER

:

90-212-256 49 70

 

FAX NUMBER

:

90-212-237 51 20

 

 

LEGAL STATUS AND HISTORY

 

TAX OFFICE

:

Galata

TAX NO

:

1420017784

REGISTRATION NUMBER

:

328940

REGISTERED OFFICE

:

Istanbul Chamber of Commerce

DATE ESTABLISHED

:

06.04.1995

ESTABLISHMENT GAZETTE DATE/NO

:

12.04.1995/3765

LEGAL FORM

:

Joint Stock Company

TYPE OF COMPANY

:

Private

REGISTERED CAPITAL

:

TL   1.500.000

HISTORY

:

Previous Registered Capital

:

TL 650.000

Changed On

:

28.12.2011 (Commercial Gazette Date /Number 03.01.2012/ 7975)

 

 

OWNERSHIP / MANAGEMENT

 

SHAREHOLDERS

:

Kibar Dis Ticaret A.S.

69,20 %

Kibar Holding A.S.

30 %

Ali Kibar

0,50 %

Salih Serdar Kocturk

0,20 %

Sukru Metin Ozkoseoglu

0,10 %

 

 

GROUP PARENT COMPANY

:

KIBAR HOLDING A.S.

SISTER COMPANIES

:

ALACA TANITIM DEKORASYON LTD. STI.

ALACHIN MADEN SANAYI VE TICARET A.S.

ASSAN ALUMINYUM SANAYI VE TICARET A.S.

ASSAN BILISIM A.S.

ASSAN DEMIR VE SAC SANAYI A.S.

ASSAN GAYRIMENKUL GELISTIRME VE YATIRIM A.S.

ASSAN GIDA SANAYI VE TICARET A.S.

ASSAN HANIL OTOMOTIV SANAYI VE TICARET A.S.

ASSAN LIMAN ISLETMELERI A.S.

ASSAN PANEL SANAYI VE TICARET A.S.

ASSAN PROFIL SANAYI VE TICARET A.S.

ASSAN TASIMACILIK TICARET VE SANAYI A.S.

ASSAN YAPI A.S.

EGE ASSAN GIDA PAZARLAMA SANAYI VE TICARET A.S.

HYUNDAI-ASSAN OTOMOTIV SANAYI VE TICARET A.S.

ISPAK IZMIT SIVI PAKETLEME SANAYI A.S.

KIBAR DERI SANAYI VE TICARET LTD. STI.

KIBAR DIS TICARET A.S.

KIBAR HOLDING A.S.

KIBAR INSAAT OTOMOTIV GIDA VE TURIZM TICARET VE SANAYI LTD. STI.

KIBAR INTERNATIONAL S.A.

KIBAR SIGORTA ARACILIK HIZMETLERI A.S.

KIBAROGULLARI SAGLIK TURIZM INSAAT TICARET VE SANAYI LTD. STI.

POLARIS GEMI KIRALAMA SANAYI VE TICARET A.S.

POSCO ASSAN TST CELIK SANAYI A.S.

SICPA ASSAN URUN GUVENLIGI SANAYI VE TICARET A.S.

 

BOARD OF DIRECTORS

:

Ali Kibar

Chairman

Sukru Metin Ozkoseoglu

Member

Salih Serdar Kocturk

Member

 

 

OPERATIONS

 

BUSINESS ACTIVITIES

:

The business line of the firm is trade of construction materials such as glazed tiles, marble, iron products and other metal products etc.

 

NACE CODE

:

G .51.50

 

SECTOR

:

Commerce

 

REMARKS ON NET SALES

:

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 financial data. As the firm's shares are not open to public it is not obliged to announce its data.

 

CAPACITY

:

None

 

PRODUCTION

:

None

 

EXPORT COUNTRIES

:

Ukraine

 

MERCHANDISE  EXPORTED

:

Construction materials

Marble

 

HEAD OFFICE ADDRESS

:

Tersane Cad. Isik Is Merkezi No:92 K:2 Karakoy Istanbul / Turkey

 

INVESTMENTS

:

None

 

 

FINANCE

 

PAYMENT BEHAVIOUR

:

No payment delays have come to our knowledge.

 

 

 

COMMENT ON FINANCIAL POSITION

 

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.

 

 

 

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

 ( 01.01-31.05.2012)

1,27 %

1,8008

2,3565

2,8479

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.36

UK Pound

1

Rs.85.64

Euro

1

Rs.69.21

 

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.