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Report Date : |
02.05.2012 |
IDENTIFICATION DETAILS
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Name : |
FARMAVET ILAC SANAYI VE TICARET A.S. |
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Registered Office : |
Gullubaglar Mah. Sanayi Cad. No:27 Pendik |
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Country : |
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Date of Incorporation : |
14.02.1992 |
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Com. Reg. No.: |
696273 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and trade of
pet foods and feed additives |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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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
|
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 |
: |
FARMAVET ILAC SANAYI VE TICARET A.S. |
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HEAD OFFICE ADDRESS |
: |
Gullubaglar Mah. Sanayi Cad. No:27 Pendik Istanbul / Turkey |
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PHONE NUMBER |
: |
90-216-307 57 20 90-216-307 57 21 |
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FAX NUMBER |
: |
90-216-307 28 49 |
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WEB-ADDRESS |
: |
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E-MAIL |
: |
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NOTES ON
LEGAL STATUS AND HISTORY |
: |
Change at
registration no . |
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TAX OFFICE |
: |
Pendik |
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TAX NO |
: |
3850010408 |
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REGISTRATION NUMBER |
: |
696273 |
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REGISTERED OFFICE |
: |
Istanbul Chamber of Commerce |
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DATE ESTABLISHED |
: |
14.02.1992 |
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ESTABLISHMENT GAZETTE DATE/NO |
: |
24.02.1992/2973 |
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LEGAL FORM |
: |
Joint Stock Company |
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TYPE OF COMPANY |
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Private |
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REGISTERED CAPITAL |
: |
TL 300.000 |
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HISTORY |
: |
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SHAREHOLDERS |
: |
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BOARD OF DIRECTORS |
: |
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BUSINESS ACTIVITIES |
: |
Manufacture and trade of pet foods and feed additives. |
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NACE CODE |
: |
DG.24.14 |
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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. |
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EXPORT COUNTRIES |
: |
South Korea Malaysia Bangladesh Pakistan Saudi Arabia Iraq Northern Cyprus Turkish Republic Egypt Turkmenistan Azerbaijan |
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MERCHANDISE EXPORTED |
: |
Feed additives Pet foods |
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HEAD OFFICE ADDRESS |
: |
Gullubaglar Mah. Sanayi Cad. No:27 Pendik Istanbul / Turkey |
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BRANCHES |
: |
Head Office/Production Plant
: Gullubaglar Mah. Sanayi Cad.
No:27 Pendik Istanbul/Turkey |
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PAYMENT BEHAVIOUR |
: |
We are informed about numerous payment delays in the former years some
of which were resolved later on but no payment delays have come to our
knowledge in the last years. |
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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 |
|
( 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 |
|
( 01.01-31.03.2012) |
0,65 % |
1,7995 |
2,3799 |
2,8402 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.68 |
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UK Pound |
1 |
Rs.85.12 |
|
Euro |
1 |
Rs.69.38 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
|
<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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.