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Report Date : |
27.12.2013 |
IDENTIFICATION DETAILS
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Name : |
MAHSUM |
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Registered Office : |
Yesiloba Mah. 46003 Sok. Atikop Toptancilar Sitesi 9.Blok No:3/151
Seyhan Adana |
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Country : |
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Financials (as on) : |
30.09.2013 |
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Date of Incorporation : |
03.08.2007 |
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Legal Form : |
Sole-Proprietorship |
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Line of Business : |
Wholesale trader of food products mainly tea. |
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No. of Employees : |
01 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
turkEy ECONOMIC OVERVIEW
Turkey's
largely free-market economy is increasingly driven by its industry and service
sectors, although its traditional agriculture sector still accounts for about
25% of employment. An aggressive privatization program has reduced state
involvement in basic industry, banking, transport, and communication, and an
emerging cadre of middle-class entrepreneurs is adding dynamism to the economy
and expanding production beyond the traditional textiles and clothing sectors.
The automotive, construction, and electronics industries, are rising in
importance and have surpassed textiles within Turkey's export mix. Oil began to
flow through the Baku-Tbilisi-Ceyhan pipeline in May 2006, marking a major
milestone that will bring up to 1 million barrels per day from the Caspian to
market. Several gas pipelines projects also are moving forward to help
transport Central Asian gas to Europe through Turkey, which over the long term
will help address Turkey's dependence on imported oil and gas to meet 97% of
its energy needs. After Turkey experienced a severe financial crisis in 2001,
Ankara adopted financial and fiscal reforms as part of an IMF program. The
reforms strengthened the country's economic fundamentals and ushered in an era
of strong growth - averaging more than 6% annually until 2008. Global economic
conditions and tighter fiscal policy caused GDP to contract in 2009, but
Turkey's well-regulated financial markets and banking system helped the country
weather the global financial crisis and GDP rebounded strongly to 9.2% in 2010,
as exports returned to normal levels following the recession. Growth dropped to
approximately 3% in 2012. Turkey's public sector debt to GDP ratio has fallen
to about 40%, and at least one rating agency upgraded Turkey's debt to
investment grade in 2012. Turkey remains dependent on often volatile,
short-term investment to finance its large trade deficit. The stock value of
FDI stood at $117 billion at year-end 2012. Inflows have slowed because of
continuing economic turmoil in Europe, the source of much of Turkey's FDI.
Turkey's relatively high current account deficit, uncertainty related to
monetary policy-making, and political turmoil within Turkey's neighborhood
leave the economy vulnerable to destabilizing shifts in investor confidence.
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Source : CIA |
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REMARKS |
: |
"KAPLAN TICARET" is the trade name of "MAHSUM AL"
which is a sole-proprietorship. |
|
NAME |
: |
MAHSUM AL |
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HEAD OFFICE ADDRESS |
: |
Yesiloba Mah. 46003 Sok. Atikop Toptancilar Sitesi 9.Blok No:3/151
Seyhan Adana / Turkey |
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PHONE NUMBER |
: |
90-536-234 45 46 (Contact Number of Owner Mahsum Al) |
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NOTES ON LEGAL STATUS AND HISTORY |
: |
As the subject is not obliged to be registered at commercial registry
due to its legal form, it has not registered at Commercial Registry. Liability of the subject is not limited to the capital. |
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TAX OFFICE |
: |
5 Ocak |
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TAX NO |
: |
68758206686 |
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DATE ESTABLISHED |
: |
03.08.2007 |
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LEGAL FORM |
: |
Sole-Proprietorship |
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TYPE OF COMPANY |
: |
Private |
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SHAREHOLDERS |
: |
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SISTER COMPANIES |
: |
Declared to be: None |
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DIRECTORS |
: |
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BUSINESS ACTIVITIES |
: |
Wholesale trade of food products mainly tea. |
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NACE CODE |
: |
G .51.37 |
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SECTOR |
: |
Commerce |
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NUMBER OF EMPLOYEES |
: |
1 |
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NET SALES |
: |
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CAPACITY |
: |
None |
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PRODUCTION |
: |
None |
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IMPORT VALUE |
: |
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EXPORT VALUE |
: |
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HEAD OFFICE ADDRESS |
: |
Yesiloba Mah. 46003 Sok. Atikop Toptancilar Sitesi 9.Blok No:3/151
Seyhan Adana / Turkey |
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INVESTMENTS |
: |
None |
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TREND OF BUSINESS |
: |
There appears a decline at business volume in nominal terms in 1.1 - 30.9.2013. |
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PAYMENT BEHAVIOUR |
: |
No payment delays have come to our knowledge. |
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KEY FINANCIAL ELEMENTS |
: |
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General Financial Position |
The firm is profitable but there is no information showing that the
owner/partners possess any real estates. |
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Incr. in producers’ price index |
Average USD/TL |
Average EUR/TL |
Average GBP/ TL |
|
( 2011 ) |
13,33 % |
1,6797 |
2,3378 |
2,6863 |
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( 2012 ) |
2,45 % |
1,7995 |
2,3265 |
2,8593 |
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( 01.01-30.09.2013) |
4,43 % |
1,8785 |
2,4774 |
2,9189 |
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( 01.01-30.11.2013) |
5,80 % |
1,8999 |
2,5208 |
2,9748 |
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(2012) TL |
|
(01.01-30.09.2013) TL |
|
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Net Sales |
73.319 |
1,00 |
22.025 |
1,00 |
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Cost of Goods Sold |
70.185 |
0,96 |
17.417 |
0,79 |
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Gross Profit |
3.134 |
0,04 |
4.608 |
0,21 |
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Operating Expenses |
1.203 |
0,02 |
0 |
0,00 |
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Operating Profit |
1.931 |
0,03 |
4.608 |
0,21 |
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Other Income |
0 |
0,00 |
0 |
0,00 |
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Other Expenses |
0 |
0,00 |
0 |
0,00 |
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Financial Expenses |
0 |
0,00 |
0 |
0,00 |
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Minority Interests |
0 |
0,00 |
0 |
0,00 |
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Profit (loss) of consolidated firms |
0 |
0,00 |
0 |
0,00 |
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Profit (loss) Before Tax |
1.931 |
0,03 |
4.608 |
0,21 |
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Tax Payable |
0 |
0,00 |
0 |
0,00 |
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Postponed Tax Gain |
0 |
0,00 |
0 |
0,00 |
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Net Profit (loss) |
1.931 |
0,03 |
4.608 |
0,21 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.98 |
|
UK Pound |
1 |
Rs.101.49 |
|
Euro |
1 |
Rs.84.79 |
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 |
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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 |
|
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 |
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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 |
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-- |
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.