|
Report Date : |
19.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
BALTA FLOORCOVERING YER DOSEMELERI SANAYI VE DIS
TICARET A.S. |
|
|
|
|
Formerly Known As : |
Oriental Yarns Tekstil Sanayi ve Dis Ticaret
A.S. |
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|
|
|
Registered Office : |
Organize Sanayi Bolgesi 201. Cad. No:16 64100 Usak |
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|
|
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Country : |
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|
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Date of Incorporation : |
22.07.2004 |
|
|
|
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Com. Reg. No.: |
5809 |
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|
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Legal Form : |
Joint Stock Company |
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|
|
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Line of Business : |
Manufacture and trade of
carpet |
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|
|
|
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 |
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|
|
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Payment Behaviour : |
Unknown |
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|
|
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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) |
|
Turkey |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
NAME |
: |
BALTA FLOORCOVERING YER DOSEMELERI SANAYI VE DIS TICARET A.S. |
|
HEAD OFFICE ADDRESS |
: |
Organize Sanayi Bolgesi 201. Cad. No:16 64100 Usak / Turkey |
|
REMARKS ON HEAD OFFICE ADDRESS |
: |
The address was changed from Usak Organize Sanayi Bolgesi 123. Cad.
No:563 Usak” to “Organize Sanayi Bolgesi 201. Cad. No:16 Usak” by the
Municipality. |
|
PHONE NUMBER |
: |
90-276-266 70 25 90-276-266 77 42 |
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FAX NUMBER |
: |
90-276-266 70 78 |
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TAX OFFICE |
: |
Usak |
|
TAX NO |
: |
6470307598 |
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REGISTRATION NUMBER |
: |
5809 |
|
REGISTERED OFFICE |
: |
Usak Chamber of Commerce and Industry |
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DATE ESTABLISHED |
: |
22.07.2004 |
|
ESTABLISHMENT GAZETTE DATE/NO |
: |
29.07.2004/6103 |
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LEGAL FORM |
: |
Joint Stock Company |
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TYPE OF COMPANY |
: |
Private |
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REGISTERED CAPITAL |
: |
TL 39.740.000 |
||||||||||||||||||||||||||||||
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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 carpet.
|
|
NACE CODE |
: |
DB.17.51 |
|
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. |
|
IMPORT COUNTRIES |
: |
Belgium |
|
MERCHANDISE IMPORTED |
: |
Machinery Raw materials Spare parts |
|
EXPORT COUNTRIES |
: |
Belgium Romania Italy |
|
MERCHANDISE EXPORTED |
: |
Carpet Parts of weaving machines |
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HEAD OFFICE ADDRESS |
: |
Organize Sanayi Bolgesi 201. Cad. No:16 64100 Usak / Turkey |
|
BRANCHES |
: |
Head Office/Production Plant
: Organize Sanayi Bolgesi 201.
Cad. No:16 64100 Usak/Turkey |
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MAIN DEALING BANKS |
: |
T. Is Bankasi Usak Branch |
|
PAYMENT BEHAVIOUR |
: |
No payment delays have come to our knowledge. |
|
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 |
|
( 01.01-30.04.2012) |
0,73 % |
1,7910 |
2,3688 |
2,8440 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.88 |
|
UK Pound |
1 |
Rs.86.46 |
|
Euro |
1 |
Rs.69.49 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.