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Report Date : |
10.06.2013 |
IDENTIFICATION DETAILS
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Name : |
GAMA MENSUCAT A.S. |
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Registered Office : |
2. Organize Sanayi Bolgesi 83224 Nolu Cad. 11 PK. 27200 Sehitkamil Gaziantep |
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Country : |
Turkey |
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Date of Incorporation : |
09.01.2013 |
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Com. Reg. No.: |
39474 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Wholesale trade of yarn. |
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No. of Employees : |
7 |
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 : |
Unknown |
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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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Turkey |
B2 |
B2 |
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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 |
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.
Source
: CIA
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NAME |
: |
GAMA MENSUCAT A.S. |
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HEAD OFFICE ADDRESS |
: |
2. Organize Sanayi Bolgesi 83224 Nolu Cad. 11 PK. 27200 Sehitkamil
Gaziantep / Turkey |
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PHONE NUMBER |
: |
90-342-337 43 12 |
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FAX NUMBER |
: |
90-342-337 22 79 |
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TAX OFFICE |
: |
Gazikent |
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TAX NO |
: |
3880686809 |
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REGISTRATION NUMBER |
: |
39474 |
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REGISTERED OFFICE |
: |
Gaziantep Chamber of Commerce |
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DATE ESTABLISHED |
: |
09.01.2013 |
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ESTABLISHMENT GAZETTE DATE/NO |
: |
16.01.2013/8237 |
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LEGAL FORM |
: |
Joint Stock Company |
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TYPE OF COMPANY |
: |
Private |
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REGISTERED CAPITAL |
: |
TL 1.000.000 |
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SHAREHOLDERS |
: |
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SISTER COMPANIES |
: |
GAMA ELYAF VE IPLIK ISLETMELERI SANAYI VE TICARET A.S. GAMA GERI DONUSUM A.S. GAMA IPLIK VE DOKUMA SANAYI A.S. |
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SUBSIDIARIES |
: |
Declared to be:None |
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BOARD OF DIRECTORS |
: |
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BUSINESS ACTIVITIES |
: |
Wholesale trade of yarn. |
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NACE CODE |
: |
G .51.41 |
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SECTOR |
: |
Commerce |
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NUMBER OF EMPLOYEES |
: |
7 |
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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. |
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CAPACITY |
: |
None |
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PRODUCTION |
: |
None |
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IMPORT VALUE |
: |
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EXPORT COUNTRIES |
: |
U.K. Belgium Saudi Arabia France Germany |
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MERCHANDISE EXPORTED |
: |
Yarn |
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HEAD OFFICE ADDRESS |
: |
2. Organize Sanayi Bolgesi 83224 Nolu Cad. 11 PK. 27200 Sehitkamil
Gaziantep / Turkey |
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INVESTMENTS |
: |
None |
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TREND OF BUSINESS |
: |
Undetermined; young business. |
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MAIN DEALING BANKS |
: |
Turkiye Vakiflar Bankasi Karatas Branch Yapi ve Kredi Bankasi Gaziantep Branch |
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PAYMENT BEHAVIOUR |
: |
No payment delays have come to our knowledge. |
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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. |
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Incr. in producers’ price index |
Average USD/TL |
Average EUR/TL |
Average GBP/ TL |
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( 01.01-31.05.2013) |
0,99 % |
1,8079 |
2,3728 |
2,8064 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.74 |
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|
1 |
Rs.88.53 |
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Euro |
1 |
Rs.75.20 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 |
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<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.