MIRA INFORM REPORT

 

 

Report Date :

10.05.2012

 

IDENTIFICATION DETAILS

 

Name :

VG ENERJI VE MADENCILIK LTD. STI.

 

 

Registered Office :

Kore Sehitleri Caddesi No:37/6 Zincirlikuyu Istanbul

 

 

Country :

Turkey

 

 

Date of Incorporation :

15.03.2011

 

 

Com. Reg. No.:

769213

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Subject operate at mining sector

 

 

No. of Employees :

Not Available

 

 

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

:

VG ENERJI VE MADENCILIK LTD. STI.

HEAD OFFICE ADDRESS

:

Kore Sehitleri Caddesi No:37/6 Zincirlikuyu Istanbul / Turkey

PHONE NUMBER

:

90-212-288 00 54 (Contact number of Accountant Mr. Mehmet Serafettin)

 

 

 

LEGAL STATUS AND HISTORY

 

TAX OFFICE

:

Zincirlikuyu

TAX NO

:

9250433663

REGISTRATION NUMBER

:

769213

REGISTERED OFFICE

:

Istanbul Chamber of Commerce

DATE ESTABLISHED

:

15.03.2011

ESTABLISHMENT GAZETTE DATE/NO

:

21.03.2011/7776

LEGAL FORM

:

Limited Company

TYPE OF COMPANY

:

Private

REGISTERED CAPITAL

:

TL   5.000

 

 

OWNERSHIP / MANAGEMENT

 

SHAREHOLDERS

:

 

Vandana Global Limited

99 %

Vijit Kumar Agrawal

1 %

 

 

REMARKS ON SHAREHOLDERS

:

We are informed that the shareholder Vandana Global Limited locates in India.  The shareholder Vijit Kumar Agrawal is an Indian citizen.

 

DIRECTORS

:

Vijit Kumar Agrawal

 

Ravindra Kumar Baid

 

 

 

OPERATIONS

 

NOTES ON OPERATIONS

:

Not active .

 

 

BUSINESS ACTIVITIES

:

The subject was established on 15.03.2011 to operate at mining sector but we are informed that, it is not active.

 

REMARKS ON NET SALES

:

We are informed that, the subject is not operating actively.

 

HEAD OFFICE ADDRESS

:

Kore Sehitleri Caddesi No:37/6 Zincirlikuyu Istanbul / Turkey

 

 

 

FINANCE

 

PAYMENT BEHAVIOUR

:

No payment delays have come to our knowledge.

 

 

 

 

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.53.46

UK Pound

1

Rs.86.27

Euro

1

Rs.69.40

 

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.