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Report Date : |
29.11.2013 |
IDENTIFICATION DETAILS
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Name : |
EMRE CAMLIBEL |
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Registered Office : |
1583/3 Sok. Rod-Kar Is Merkezi D Blok K:2 No:215 Bayrakli Izmir |
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Country : |
Turkey |
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Financials (as on) : |
30.09.2013 |
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Date of Incorporation : |
16.01.2013 |
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Legal Form : |
Sole-Proprietorship |
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Line of Business : |
Wholesale trade of natural stone and granite and also
providing consultancy services. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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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 : |
Slow |
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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 |
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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 |
: |
EMRE CAMLIBEL |
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HEAD OFFICE ADDRESS |
: |
1583/3 Sok. Rod-Kar Is Merkezi D Blok K:2 No:215 Bayrakli Izmir / Turkey |
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PHONE NUMBER |
: |
90-232-486 90 00 |
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FAX NUMBER |
: |
90-232-486 90 00 |
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WEB-ADDRESS |
: |
www.camlibelgranit.ticiz.com |
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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 |
: |
Karsiyaka |
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TAX NO |
: |
49801781176 |
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DATE ESTABLISHED |
: |
16.01.2013 |
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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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REMARKS ON SHAREHOLDERS |
: |
The owner, Emre Camlibel was born in 1985 and graduated from university. |
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SISTER COMPANIES |
: |
Declared to be: None |
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DIRECTORS |
: |
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BUSINESS ACTIVITIES |
: |
Wholesale trade of natural stone and granite and also providing consultancy services. The firm has declared that, it made out its first invoice on 14.02.2013
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NACE CODE |
: |
G .51.52 |
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NUMBER OF EMPLOYEES |
: |
0 |
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REMARKS ON NUMBER OF EMPLOYEES |
: |
The subject has no employees, operations are carried out by the owner. |
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NET SALES |
: |
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PRODUCTION |
: |
None |
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IMPORT COUNTRIES |
: |
Spain India Vietnam China Italy |
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MERCHANDISE IMPORTED |
: |
Granite |
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EXPORT VALUE |
: |
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HEAD OFFICE ADDRESS |
: |
1583/3 Sok. Rod-Kar Is Merkezi D Blok K:2 No:215 Bayrakli Izmir / Turkey (rented) |
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INVESTMENTS |
: |
None |
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TREND OF BUSINESS |
: |
Undetermined; young business. |
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MAIN DEALING BANKS |
: |
Akbank Karsiyaka Carsi Branch |
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PAYMENT BEHAVIOUR |
: |
Slow |
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KEY FINANCIAL ELEMENTS |
: |
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General Financial Position |
Unsatisfactory |
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Incr. in producers’ price index |
Average USD/TL |
Average EUR/TL |
Average GBP/ TL |
|
( 01.01-30.09.2013) |
4,43 % |
1,8785 |
2,4774 |
2,9189 |
|
( 01.01-31.10.2013) |
5,15 % |
1,8889 |
2,4999 |
2,9446 |
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(16.01-30.09.2013) TL |
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Net Sales |
15.762 |
1,00 |
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Cost of Goods Sold |
0 |
0,00 |
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Gross Profit |
15.762 |
1,00 |
|
Operating Expenses |
18.412 |
1,17 |
|
Operating Profit |
-2.650 |
-0,17 |
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Other Income |
0 |
0,00 |
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Other Expenses |
0 |
0,00 |
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Financial Expenses |
0 |
0,00 |
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Minority Interests |
0 |
0,00 |
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Profit (loss) of consolidated firms |
0 |
0,00 |
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Profit (loss) Before Tax |
-2.650 |
-0,17 |
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Tax Payable |
0 |
0,00 |
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Postponed Tax Gain |
0 |
0,00 |
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Net Profit (loss) |
-2.650 |
-0,17 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.39 |
|
|
1 |
Rs.101.80 |
|
Euro |
1 |
Rs.84.75 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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 |
|
-- |
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.