MIRA INFORM REPORT

Report Date :

14.03.2012

IDENTIFICATION DETAILS

Correct Name :	RKA TICARET MUHAMMAD IMRAN

Registered Office :	Serbest Bolge Plaza Ofis No:904 Ataturk Havaalani Yesilkoy Istanbul

Country :	Turkey

Financials (as on) :	31.12.2011

Date of Incorporation :	26.04.2011

Com. Reg. No.:	774916

Legal Form :	Sole-Proprietorship

Line of Business :	Wholesale trade of textile products such as home textile and ready-wear and fabric

No. of Employees :	01

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

Address is different from the address at your inquiry.

COMPANY IDENTIFICATION

NAME

RKA TICARET MUHAMMAD IMRAN

HEAD OFFICE ADDRESS

Serbest Bolge Plaza Ofis No:904 Ataturk Havaalani Yesilkoy Istanbul / Turkey

PHONE NUMBER

90-212-465 44 75

90-538-835 58 03(contact number)

LEGAL STATUS AND HISTORY

NOTES ON LEGAL STATUS AND HISTORY		:		Liability of the subject is not limited to the capital.
TAX OFFICE		:		Bakirkoy
TAX NO		:		4650365295
REGISTRATION NUMBER		:		774916
REGISTERED OFFICE		:		Istanbul Chamber of Commerce
DATE ESTABLISHED		:		26.04.2011
ESTABLISHMENT GAZETTE DATE/NO		:		02.05.2011/7806
LEGAL FORM	:		Sole-Proprietorship
TYPE OF COMPANY	:		Private
REGISTERED CAPITAL	:		TL 5.000

OWNERSHIP / MANAGEMENT

SHAREHOLDERS

Muhammad Imran	100 %

REMARKS ON SHAREHOLDERS

The owner was born on 30.12.1973.

SISTER COMPANIES

Declared to be : None

DIRECTORS

Muhammad Imran

OPERATIONS

BUSINESS ACTIVITIES

Wholesale trade of textile products such as home textile and ready-wear and fabric.

NACE CODE

G .51.41

SECTOR

Commerce

NUMBER OF EMPLOYEES

NET SALES

86.712 TL	(26.04-31.12.2011)

CAPACITY

None

PRODUCTION

None

IMPORT COUNTRIES

Pakistan

MERCHANDISE IMPORTED

Fabric

Ready-wear

EXPORT VALUE

0 TL	(26.04-31.12.2011)

HEAD OFFICE ADDRESS

Serbest Bolge Plaza Ofis No:904 Ataturk Havaalani Yesilkoy Istanbul / Turkey

TREND OF BUSINESS

Undetermined; young business.

FINANCE

PAYMENT BEHAVIOUR

Unknown

KEY FINANCIAL ELEMENTS

	(26.04-31.12.2011) TL
Net Sales	86.712
Profit (Loss) Before Tax	5.570
Gross Profit (loss)	21.443
Operating Profit (loss)	5.570
Net Profit (loss)	5.570

COMMENT ON FINANCIAL POSITION

General Financial Position

The firm is profitable but there is no information showing that the owner/partners possess any real estates.

Incr. in producers’ price index

Average USD/TL

Average EUR/TL

Average GBP/ TL

( 2011 )

13,33 %

1,6797

2,3378

2,6863

( 01.01-29.02.2012)

0,29 %

1,8055

2,3806

2,8364

INCOME STATEMENT

	(26.04-31.12.2011) TL
Net Sales	86.712	1,00
Cost of Goods Sold	65.269	0,75
Gross Profit	21.443	0,25
Operating Expenses	15.873	0,18
Operating Profit	5.570	0,06
Other Income	0	0,00
Other Expenses	0	0,00
Financial Expenses	0	0,00
Minority Interests	0	0,00
Profit (loss) of consolidated firms	0	0,00
Profit (loss) Before Tax	5.570	0,06
Tax Payable	0	0,00
Postponed Tax Gain	0	0,00
Net Profit (loss)	5.570	0,06

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.49.85
UK Pound	1	Rs.77.97
Euro	1	Rs.65.62

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%)

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