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Report Date : |
28.05.2013 |
IDENTIFICATION DETAILS
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Name : |
NEUTEC AR GE SANAYI VE TICARET A.S. |
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Formerly Known as: |
Neutec Ac Ar-Ge Sanayi Ve Ticaret A.S |
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Registered Office : |
Y. Teknik Universitesi Davutpasa Kampusu Teknoloji Gelistirme Bolgesi
D Blok Esenler Istanbul |
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Country : |
Turkey |
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Date of Incorporation : |
17.04.2007 |
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Com. Reg. No.: |
783160 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Research and development activities for pharmaceutical industry |
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No. of Employees : |
243 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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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
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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 |
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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NOTES |
: |
Address at your inquiry is the former address. |
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NAME |
: |
NEUTEC AR GE SANAYI VE TICARET A.S. |
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HEAD OFFICE ADDRESS |
: |
Y. Teknik Universitesi Davutpasa Kampusu Teknoloji Gelistirme Bolgesi
D Blok Esenler Istanbul / Turkey |
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PHONE NUMBER |
: |
90-212-482 58 95 |
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FAX NUMBER |
: |
90-212-482 24 78 |
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NOTES
ON LEGAL STATUS AND HISTORY |
: |
Change
at registration no . |
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TAX OFFICE |
: |
Esenler |
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TAX NO |
: |
0020532238 |
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REGISTRATION NUMBER |
: |
783160 |
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REGISTERED OFFICE |
: |
Istanbul Chamber of Commerce |
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DATE ESTABLISHED |
: |
17.04.2007 |
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ESTABLISHMENT GAZETTE DATE/NO |
: |
02.05.2007/6799 |
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LEGAL FORM |
: |
Joint Stock Company |
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TYPE OF COMPANY |
: |
Private |
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REGISTERED CAPITAL |
: |
TL 500.000 |
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PAID-IN CAPITAL |
: |
TL 500.000 |
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HISTORY |
: |
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SHAREHOLDERS |
: |
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SISTER COMPANIES |
: |
BASEL KIMYEVI MADDELER VE ILAC SANAYI TICARET A.S. CELTIS ILAC SANAYI VE TICARET A.S. CPI TEKNOLOJI YAZILIM ARGE VE DANISMANLIK TICARET LTD. STI. FOR RENT OTOMOTIV TICARET A.S. INTEGRI ILAC SANAYI TICARET LTD. STI. INVENTIM ILAC SANAYI TICARET LTD. STI. LOGUS ILAC SANAYI TICARET LTD. STI. MENTIS ILAC SANAYI TICARET LTD. STI. NEUTEC ILAC SANAYI TICARET A.S. NOVUS SIGORTA ARACILIK HIZMETLERI LTD. STI. NUVOMED ILAC SANAYI TICARET A.S. OPTO ILAC SANAYI TICARET LTD.
STI. SALUTIS ILAC SANAYI TICARET
LTD. STI. SIMA PATENT VE LISANSLAMA HIZMETLERI LTD. STI. ULM ILAC SANAYI TICARET LTD.
STI. VITALIS ILAC SANAYI TICARET A.S. |
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BOARD OF DIRECTORS |
: |
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BUSINESS ACTIVITIES |
: |
Research and development activities for pharmaceutical industry. |
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NACE CODE |
: |
K .73.10 |
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NUMBER OF EMPLOYEES |
: |
243 |
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NET SALES |
: |
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REMARKS ON NET SALES |
: |
The net sales figures are declared by the company.There is no
certification for these figures. |
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IMPORT COUNTRIES |
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India Switzerland U.K. Germany Spain |
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MERCHANDISE IMPORTED |
: |
Raw Materials |
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EXPORT VALUE |
: |
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HEAD OFFICE ADDRESS |
: |
Y. Teknik Universitesi Davutpasa Kampusu Teknoloji Gelistirme Bolgesi
D Blok Esenler Istanbul / Turkey |
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BRANCHES |
: |
Branch Office : 1. Organize Sanayi Bolgesi 2. Yol No:1 Arifiye
Sakarya/Turkey |
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TREND OF BUSINESS |
: |
There was a decline at business volume in nominal terms in 2012. |
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MAIN DEALING BANKS |
: |
Yapi ve Kredi Bankasi Zeytinburnu Branch Yapi ve Kredi Bankasi Esentepe 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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( 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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( 01.01-30.04.2013) |
-0,01 % |
1,7920 |
2,3566 |
2,7927 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.55.62 |
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UK Pound |
1 |
Rs.84.18 |
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Euro |
1 |
Rs.71.96 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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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.