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Report Date : |
26.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
MELIK GORKAN |
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Registered Office : |
Kaleonu Mah. Kucuk Sanayi Sitesi 17 Blok No:43 Bingol |
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Country : |
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Date of Incorporation : |
24.04.2013 |
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Legal Form : |
Sole-Proprietorship |
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Line of Business : |
wholesale trader of marble and granite |
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No. of Employees : |
01 |
RATING & COMMENTS
|
MIRA’s Rating : |
Nb |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
---- |
NB |
New Business |
---- |
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Status : |
New Business |
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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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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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REMARKS |
: |
"YASIN GRANIT" is the trade name of "MELIK GORKAN"
which is a sole-proprietorship. |
|
NOTES |
: |
Address is different from the address at your inquiry. |
|
NAME |
: |
MELIK GORKAN |
|
HEAD OFFICE ADDRESS |
: |
Kaleonu Mah. Kucuk Sanayi Sitesi 17 Blok No:43 Bingol / Turkey |
|
PHONE NUMBER |
: |
90-426-232 74 60 90-533 494 06 11 (Contact Number of Owner Melik Gorkan) |
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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. |
|
TAX OFFICE |
: |
Bingol |
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TAX NO |
: |
36349000982 |
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DATE ESTABLISHED |
: |
24.04.2013 |
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REMARKS ON DATE ESTABLISHED |
: |
The subject sole-proprietorship is declared to be established on
24.04.2013. As the sole-proprietorships are not obliged to be registered at
commercial registry, it has not registered at commercial registry. |
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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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||||
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SISTER COMPANIES |
: |
Declared to be: None |
||||
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DIRECTORS |
: |
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BUSINESS ACTIVITIES |
: |
The subject, which was established on 24.04.2013 to deal with
wholesale trade of marble and granite has declared that it has not started active
operation yet. It is planning to start active operation in July 2013. |
|
NACE CODE |
: |
G .51.52 |
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SECTOR |
: |
Commerce |
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NUMBER OF EMPLOYEES |
: |
1 |
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REMARKS ON NET SALES |
: |
The firm which was established on 24.04.2013 it has declared that, it
has not started active operation yet. It is planning to start active
operation in July 2013. |
|
HEAD OFFICE ADDRESS |
: |
Kaleonu Mah. Kucuk Sanayi Sitesi 17 Blok No:43 Bingol / Turkey |
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INVESTMENTS |
: |
None |
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MAIN DEALING BANKS |
: |
Halk Bankasi Bingol 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. The liability
of the sole-proprietorships is not limited to the capital. The owners of the
sole-proprietorships are responsible for the debts of the
sole-proprietorships with all of their personal wealth. |
|
|
Incr. in producers’ price index |
Average USD/TL |
Average EUR/TL |
Average GBP/ TL |
|
( 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 |
|
( 2012 ) |
2,45 % |
1,7995 |
2,3265 |
2,8593 |
|
( 01.01-31.05.2013) |
0,99 % |
1,8079 |
2,3728 |
2,8064 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.70 |
|
UK Pound |
1 |
Rs.92.25 |
|
Euro |
1 |
Rs.78.38 |
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.