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Report Date : |
30.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
DUNYA COCUK BEZI TEMIZLIK URUNLERI VE KOZMETIK SANAYI PAZARLAMA VE TICARET LTD. STI. |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
18.06.2009 |
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Com. Reg. No.: |
57273 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacture and trade of diapers. |
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No. of Employees : |
11 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Good |
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Payment Behaviour : |
No complaints |
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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 |
: |
DUNYA COCUK BEZI TEMIZLIK URUNLERI VE KOZMETIK SANAYI PAZARLAMA VE
TICARET LTD. STI. |
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HEAD OFFICE ADDRESS |
: |
Adana Haci Sabanci Organize Sanayi Bolgesi OSB Anafartalar Cad. No:15
Yuregir Adana / Turkey |
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REMARKS ON HEAD OFFICE ADDRESS |
: |
The address was changed from "Yakapinar Beldesi Haci Omer Sabanci
Organize Sanayi Bolgesi 11.Cad. No:11 Saricam" to "Adana Haci
Sabanci Organize Sanayi Bolgesi OSB Anafartalar Cad. No:15 Yuregir" by
the municipality. |
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PHONE NUMBER |
: |
90-322-363 01 90 |
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FAX NUMBER |
: |
90-322-363 01 90 |
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TAX OFFICE |
: |
Yuregir |
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TAX NO |
: |
3220450607 |
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REGISTRATION NUMBER |
: |
57273 |
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REGISTERED OFFICE |
: |
Adana Chamber of Commerce |
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DATE ESTABLISHED |
: |
18.06.2009 |
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ESTABLISHMENT GAZETTE DATE/NO |
: |
25.06.2009/7340 |
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LEGAL FORM |
: |
Limited Company |
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TYPE OF COMPANY |
: |
Private |
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REGISTERED CAPITAL |
: |
TL 1.000.000 |
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PAID-IN CAPITAL |
: |
TL 1.000.000 |
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HISTORY |
: |
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PREVIOUS SHAREHOLDERS |
: |
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SHAREHOLDERS |
: |
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SISTER COMPANIES |
: |
Declared to be:None |
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SUBSIDIARIES |
: |
None |
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DIRECTORS |
: |
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BUSINESS ACTIVITIES |
: |
Manufacture and trade of diapers. |
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NACE CODE |
: |
DE.21.22 |
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NUMBER OF EMPLOYEES |
: |
11 |
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NET SALES |
: |
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IMPORT COUNTRIES |
: |
U.S.A. U.A.E. |
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MERCHANDISE IMPORTED |
: |
Raw material |
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EXPORT VALUE |
: |
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EXPORT COUNTRIES |
: |
Iraq |
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MERCHANDISE EXPORTED |
: |
Diapers |
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HEAD OFFICE ADDRESS |
: |
Adana Haci Sabanci Organize Sanayi Bolgesi OSB Anafartalar Cad. No:15
Yuregir Adana / Turkey ( rented ) |
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BRANCHES |
: |
Head Office/Production Plant
: Adana Haci Sabanci Organize
Sanayi Bolgesi OSB Anafartalar Cad. No:15 Yuregir Adana/Turkey (rented) |
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TREND OF
BUSINESS |
: |
There was a
slowdown at business volume in real terms in
2011. |
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SIZE OF BUSINESS |
: |
Moderate |
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MAIN DEALING BANKS |
: |
Turkiye Finans Katilim Bankasi Adana Branch |
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CREDIT FACILITIES |
: |
No credit facility has come to our knowledge. |
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PAYMENT BEHAVIOUR |
: |
We are informed about a single payment delay in the former years which
was resolved later on but no payment delays have come to our knowledge in the
last years. |
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KEY FINANCIAL ELEMENTS |
: |
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Capitalization |
Good As of
31.12.2011 |
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Remarks on
Capitalization |
A part of total
liabilities and equity consist of loans from shareholders rather than liabilities
to third parties indicating not too high indebtedness to third parties. |
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Liquidity |
Satisfactory As
of 31.12.2011 |
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Remarks On
Liquidity |
A part of
current liabilities consist of short-term loans from shareholders rather than
liabilities to third parties. The liquid
assets consist mainly of receivables the amount of cash&banks or
marketable securities (which are more liquid) are low. |
|
Profitability |
Fair Operating
Profitability in 2011 Low Net
Profitability in 2011 Low Operating
Profitability (01.01-31.03.2012) Low Net
Profitability (01.01-31.03.2012) |
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Gap between
average collection and payable periods |
Favorable in
2011 |
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General
Financial Position |
In Order |
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Incr. in producers’ price index |
Average USD/TL |
Average EUR/TL |
Average GBP/ TL |
|
( 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 |
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( 01.01-30.04.2012) |
0,73 % |
1,7910 |
2,3688 |
2,8440 |
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( 31.12.2011 ) TL |
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|
|
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CURRENT ASSETS |
2.066.216 |
0,93 |
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Not Detailed
Current Assets |
0 |
0,00 |
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Cash and Banks |
28.927 |
0,01 |
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Marketable
Securities |
0 |
0,00 |
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Account
Receivable |
831.179 |
0,37 |
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Other Receivable |
0 |
0,00 |
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Inventories |
994.762 |
0,45 |
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Advances Given |
0 |
0,00 |
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Accumulated
Construction Expense |
0 |
0,00 |
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Other Current
Assets |
211.348 |
0,09 |
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NON-CURRENT
ASSETS |
161.379 |
0,07 |
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Not Detailed
Non-Current Assets |
0 |
0,00 |
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Long-term
Receivable |
0 |
0,00 |
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Financial Assets |
0 |
0,00 |
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Tangible Fixed
Assets (net) |
160.235 |
0,07 |
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Intangible
Assets |
1.144 |
0,00 |
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Deferred Tax
Assets |
0 |
0,00 |
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Other
Non-Current Assets |
0 |
0,00 |
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TOTAL ASSETS |
2.227.595 |
1,00 |
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CURRENT
LIABILITIES |
1.200.337 |
0,54 |
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Not Detailed Current
Liabilities |
0 |
0,00 |
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Financial Loans |
0 |
0,00 |
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Accounts Payable |
813.577 |
0,37 |
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Loans from
Shareholders |
371.753 |
0,17 |
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Other Short-term
Payable |
0 |
0,00 |
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Advances from
Customers |
0 |
0,00 |
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Accumulated
Construction Income |
0 |
0,00 |
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Taxes Payable |
4.307 |
0,00 |
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Provisions |
10.700 |
0,00 |
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Other Current
Liabilities |
0 |
0,00 |
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LONG-TERM
LIABILITIES |
0 |
0,00 |
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Not Detailed Long-term
Liabilities |
0 |
0,00 |
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Financial Loans |
0 |
0,00 |
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Securities
Issued |
0 |
0,00 |
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Long-term
Payable |
0 |
0,00 |
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Loans from
Shareholders |
0 |
0,00 |
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Other Long-term
Liabilities |
0 |
0,00 |
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Provisions |
0 |
0,00 |
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STOCKHOLDERS'
EQUITY |
1.027.258 |
0,46 |
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Not Detailed
Stockholders' Equity |
0 |
0,00 |
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Paid-in Capital |
1.000.000 |
0,45 |
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Cross
Shareholding Adjustment of Capital |
0 |
0,00 |
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Inflation
Adjustment of Capital |
0 |
0,00 |
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Equity of
Consolidated Firms |
0 |
0,00 |
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Reserves |
12.034 |
0,01 |
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Revaluation Fund |
0 |
0,00 |
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Accumulated
Losses(-) |
-27.576 |
-0,01 |
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Net Profit
(loss) |
42.800 |
0,02 |
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TOTAL
LIABILITIES AND EQUITY |
2.227.595 |
1,00 |
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REMARKS ON
FINANCIAL STATEMENT |
: |
At the financial
statements according to TAS, "Cheques Received" and
"Outstanding Cheques" figures are under “Cash And Banks"
figure. Beginning from the financial statements of 31.12.2011, "Cheques
Received" and "Outstanding Cheques" figures will be given
under "Account Receivable" figure and "Account Payable"
figure respectively. |
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(2011) TL |
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(01.01-31.03.2012)
TL |
|
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Net Sales |
3.244.739 |
1,00 |
1.620.117 |
1,00 |
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Cost of Goods
Sold |
2.932.741 |
0,90 |
1.503.423 |
0,93 |
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Gross Profit |
311.998 |
0,10 |
116.694 |
0,07 |
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Operating
Expenses |
258.498 |
0,08 |
98.044 |
0,06 |
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Operating Profit |
53.500 |
0,02 |
18.650 |
0,01 |
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Other Income |
0 |
0,00 |
0 |
0,00 |
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Other Expenses |
0 |
0,00 |
6.150 |
0,00 |
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Financial
Expenses |
0 |
0,00 |
0 |
0,00 |
|
Minority
Interests |
0 |
0,00 |
0 |
0,00 |
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Profit (loss) of
consolidated firms |
0 |
0,00 |
0 |
0,00 |
|
Profit (loss)
Before Tax |
53.500 |
0,02 |
12.500 |
0,01 |
|
Tax Payable |
10.700 |
0,00 |
0 |
0,00 |
|
Postponed Tax
Gain |
0 |
0,00 |
0 |
0,00 |
|
Net Profit
(loss) |
42.800 |
0,01 |
12.500 |
0,01 |
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|
(2011) |
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LIQUIDITY RATIOS |
|
|
|
Current Ratio |
1,72 |
|
|
Acid-Test Ratio |
0,72 |
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|
Cash Ratio |
0,02 |
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ASSET STRUCTURE
RATIOS |
|
|
|
Inventory/Total
Assets |
0,45 |
|
|
Short-term Receivable/Total
Assets |
0,37 |
|
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Tangible
Assets/Total Assets |
0,07 |
|
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TURNOVER RATIOS |
|
|
|
Inventory
Turnover |
2,95 |
|
|
Stockholders'
Equity Turnover |
3,16 |
|
|
Asset Turnover |
1,46 |
|
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FINANCIAL
STRUCTURE |
|
|
|
Stockholders'
Equity/Total Assets |
0,46 |
|
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Current
Liabilities/Total Assets |
0,54 |
|
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Financial
Leverage |
0,54 |
|
|
Gearing
Percentage |
1,17 |
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PROFITABILITY
RATIOS |
|
|
|
Net
Profit/Stockholders' Eq. |
0,04 |
|
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Operating Profit
Margin |
0,02 |
|
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Net Profit
Margin |
0,01 |
|
|
Interest Cover |
|
|
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COLLECTION-PAYMENT |
|
|
|
Average
Collection Period (days) |
92,22 |
|
|
Average Payable
Period (days) |
99,87 |
|
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WORKING CAPITAL |
865879,00 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.58 |
|
|
1 |
Rs.87.14 |
|
Euro |
1 |
Rs.69.73 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.