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Report Date : |
28.06.2013 |
IDENTIFICATION DETAILS
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Name : |
PM SATIS VE PAZARLAMA VE TICARET A.S. |
|
|
|
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Registered Office : |
Kilyos Cad. Park Sok. No.1 Sariyer
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|
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Country : |
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Date of Incorporation : |
05.06.2013 |
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Com. Reg. No.: |
871277 |
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|
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Legal Form : |
Joint Stock Company |
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|
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Line of Business : |
Subject would deal with trade of promotional products, marble and
slate |
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No. of Employees : |
01 |
RATING & COMMENTS
|
MIRA’s Rating : |
Nb |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
---- |
NB |
New Business |
---- |
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Status : |
New Business |
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|
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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 |
B1 |
B1 |
|
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 |
|
NAME |
: |
PM SATIS VE PAZARLAMA VE TICARET A.S. |
|
HEAD OFFICE ADDRESS |
: |
Kilyos Cad. Park Sok. No.1 Sariyer
Istanbul / Turkey |
|
PHONE NUMBER |
: |
90-212-284 16 30 |
|
FAX NUMBER |
: |
90-212-284 16 31 |
|
TAX OFFICE |
: |
Sariyer |
|
TAX NO |
: |
7300372888 |
|
REGISTRATION NUMBER |
: |
871277 |
|
REGISTERED OFFICE |
: |
Istanbul Chamber of Commerce |
|
DATE ESTABLISHED |
: |
05.06.2013 |
|
ESTABLISHMENT GAZETTE DATE/NO |
: |
11.06.2013/8339 |
|
LEGAL FORM |
: |
Joint Stock Company |
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TYPE OF COMPANY |
: |
Private |
|
REGISTERED CAPITAL |
: |
TL 50.000 |
|
SHAREHOLDERS |
: |
|
||||||
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SUBSIDIARIES |
: |
Declared to be: None |
||||||
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BOARD OF DIRECTORS |
: |
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|
NOTES ON
OPERATIONS |
: |
Established
but active operation hasn’t started yet.. |
|
BUSINESS ACTIVITIES |
: |
The firm which was established on 05.06.2013 to deal with trade of promotional
products, marble and slate has declared that, it has not started active
operation yet. It is planning to start active operation within a month. |
|
NACE CODE |
: |
G .51.90 |
|
NUMBER OF EMPLOYEES |
: |
1 |
|
REMARKS ON NET SALES |
: |
The subject has declared that it has not started active operation yet.
It is planning to start active operation within a month. |
|
CAPACITY |
: |
None |
|
PRODUCTION |
: |
None |
|
IMPORT COUNTRIES |
: |
India Brazil |
|
MERCHANDISE IMPORTED |
: |
Marble Slate |
|
HEAD OFFICE ADDRESS |
: |
Kilyos Cad. Park Sok. No.1 Sariyer
Istanbul / Turkey |
|
INVESTMENTS |
: |
None |
|
TREND OF BUSINESS |
: |
Undetermined ; recently established business. |
|
MAIN DEALING BANKS |
: |
Akbank Zekeriyakoy Branch |
|
PAYMENT BEHAVIOUR |
: |
Undetermined |
|
|
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.60.59 |
|
UK Pound |
1 |
Rs.92.92 |
|
Euro |
1 |
Rs.78.94 |
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.