MIRA INFORM REPORT

 

 

Report Date :

04.05.2012

 

IDENTIFICATION DETAILS

 

Name :

I.M.T. DIS TICARET LTD. STI.

 

 

Registered Office :

Ist. Deri ve End. Serbest Bolgesi (Free Zone) Hakki Matras Cad. No:1 Desbas No:18/B Tuzla Istanbul

 

 

Country :

Turkey

 

 

Date of Incorporation :

14.08.2003

 

 

Com. Reg. No.:

503280

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Wholesale trade of hand-made carpet, packaging products and chemical products.

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

Payment Behaviour :

No Complaints

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, 2011

 

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

:

I.M.T. DIS TICARET LTD. STI.

HEAD OFFICE ADDRESS

:

Ist. Deri ve End. Serbest Bolgesi (Free Zone) Hakki Matras Cad. No:1 Desbas No:18/B Tuzla Istanbul / Turkey

PHONE NUMBER

:

90-212-517 44 20

90-216-593 10 93

 

FAX NUMBER

:

90-216-517 44 18

 

 

 

LEGAL STATUS AND HISTORY

 

REGISTRATION NUMBER

:

503280

REGISTERED OFFICE

:

Istanbul Chamber of Commerce

DATE ESTABLISHED

:

14.08.2003

ESTABLISHMENT GAZETTE DATE/NO

:

19.08.2003/5866

LEGAL FORM

:

Limited Company

TYPE OF COMPANY

:

Private

REGISTERED CAPITAL

:

TL   50.000

 

 

OWNERSHIP / MANAGEMENT

 

 

SHAREHOLDERS

:

 

Hasan Terzioglu

 

I.C.I. Uluslararasi Hali Yatirim Sanayi Pazarlama ve Dis Ticaret A.S.

 

Bekir Terzioglu

 

Suat Terzioglu

 

 

 

GROUP PARENT COMPANY

:

TERZIOGLU HOLDING A.S.

 

SISTER COMPANIES

:

A.P.S.AMBALAJ PAKETLEME SANAYI VE DIS TICARET A.S.

I.C.I. ULUSLARARASI HALI YATIRIM SANAYI PAZARLAMA VE DIS TICARET A.S.

I.T.C. TURIZM TEKSTIL SANAYI VE DIS TICARET A.S.

KARATAY HALI IMALAT SANAYI VE DIS TICARET LTD. STI.

MARMO MERMER SANAYI INSAAT VE TICARET A.S.

PLM GIDA VE TEMIZLIK URUNLERI SANAYI PAZARLAMA VE DIS TICARET A.S.

PLM GIDA VE TEMIZLIK URUNLERI SANAYI PAZARLAMA VE TICARET A.S.

SARUHAN HALI IMALAT SANAYI VE TICARET LTD. STI.

SETER TURIZM YATIRIM SANAYI VE DIS TICARET LTD. STI.

SYCAPS EVSEL VE KISISEL TEMIZLIK URUNLERI DIS TICARET A.S.

TERZIOGLU HOLDING A.S.

URETIM HALI IMALAT SANAYI VE TICARET A.S.

 

DIRECTORS

:

Suat Terzioglu

General Manager

 

 

OPERATIONS

 

BUSINESS ACTIVITIES

:

Wholesale trade of hand-made carpet, packaging products and chemical products.

 

NACE CODE

:

G .51.90

 

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

 

 

HEAD OFFICE ADDRESS

:

Ist. Deri ve End. Serbest Bolgesi (Free Zone) Hakki Matras Cad. No:1 Desbas No:18/B Tuzla 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.

 

 

CREDIT OPINION WITHOUT OBLIGATION

 

 

 

PROPOSED CREDIT AMOUNT

 

 

:

 

PROPOSED PERIOD

 

:

 

OUR RISK OPINION

 

:

Ca

CREDIT LIMIT

 

:

0

CREDIT OPINION WITHOUT OBLIGATION

 

:

We are of the opinion that, the subject is suitable for dealing on secured terms for any amount of business.

 

 

GUIDE FOR RISK OPINION INDEX

 

 

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

 ( 01.01-31.03.2012)

0,65 %

1,7995

2,3799

2,8402

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.23

UK Pound

1

Rs.86.14

Euro

1

Rs.69.98

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

 

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.