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Report Date : |
02.09.2013 |
IDENTIFICATION DETAILS
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Name : |
REALTEKS TEKSTIL PAZARLAMA SANAYI VE DIS TICARET A.S. |
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Registered Office : |
Keresteciler Sitesi Mehmet Nesih Ozmen Mah. Fatih Cad. Yuksek Sok. No:1/2-4
Gungoren Istanbul |
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Country : |
Turkey |
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Date of Incorporation : |
08.12.1997 |
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Com. Reg. No.: |
382687 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Wholesale trade of denim fabric.
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No. of Employees : |
33 |
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) |
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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.
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Source : CIA |
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NAME |
: |
REALTEKS TEKSTIL PAZARLAMA SANAYI VE DIS TICARET A.S. |
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HEAD OFFICE ADDRESS |
: |
Keresteciler Sitesi Mehmet Nesih Ozmen Mah. Fatih Cad. Yuksek Sok.
No:1/2-4 Gungoren Istanbul / Turkey |
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PHONE NUMBER |
: |
90-212-637 09 09 |
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FAX NUMBER |
: |
90-212-637 34 54 |
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NOTES ON LEGAL STATUS AND
HISTORY |
: |
Change at tax no . |
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TAX OFFICE |
: |
Marmara Kurumlar |
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TAX NO |
: |
7340716520 |
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REMARKS ON TAX NO |
: |
The tax number was changed from "7340109406" to
"7340716520" as the legal form changed from limited company to
joint stock company. |
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REGISTRATION NUMBER |
: |
382687 |
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REGISTERED OFFICE |
: |
Istanbul Chamber of Commerce |
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DATE ESTABLISHED |
: |
08.12.1997 |
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ESTABLISHMENT GAZETTE DATE/NO |
: |
11.12.1997/4438 |
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LEGAL FORM |
: |
Joint Stock Company |
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TYPE OF COMPANY |
: |
Private |
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REGISTERED CAPITAL |
: |
TL 10.000.000 |
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PAID-IN CAPITAL |
: |
TL 10.000.000 |
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HISTORY |
: |
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SHAREHOLDERS |
: |
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GROUP |
: |
R GROUP OF COMPANIES |
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SISTER COMPANIES |
: |
CRESCENT TEKSTIL KONFEKSIYON URUNLERI PAZARLAMA SANAYI DIS TICARET
LTD. STI. CT KONFEKSIYON URUNLERI IC VE DIS TICARET A.S. EMY GIYIM VE TEKSTIL IMALAT A.S. EYM GIYIM VE TEKSTIL IMALAT A.S. KOMONTEKS TEKSTIL YIKAMA VE BOYAMA SANAYI TICARET LTD. STI. MERT-TEKS TEKSTIL SANAYI YIKAMA VE BOYAMA TICARET LTD. STI. MEYTEKS GIYIM VE TEKSTIL IMALAT TICARET LTD. STI. MINKA TEKSTIL SANAYI VE TICARET A.S. MYE HAZIR GIYIM VE TEKSTIL SANAYI TICARET A.S. RE LOJISTIK HIZMETLERI DEPOCULUK ANTREPOCULUK NAKLIYAT VE OTO KIRALAMA
DIS TICARET LTD. STI. REAL IC VE DIS TICARET A.S. RE-ALCAM CAM URUNLERI MOBILYA DEKORASYON VE TEKSTIL PAZARLAMA SANAYI
DIS TICARET A.S. REALKOM TEKSTIL URUNLERI SANAYI PAZARLAMA VE DIS TICARET A.S. RECOTT TEKSTIL URUNLERI PAZARLAMA SANAYI VE DIS TICARET A.S. REMAR TEKSTIL PAZARLAMA SANAYI VE DIS TICARET A.S. RENTEKS TEKSTIL URUNLERI PAZARLAMA SANAYI VE DIS TICARET A.S. SANTUK TEKSTIL DIS TICARET PAZARLAMA A.S. SANTUK TEKSTIL SANAYI VE TICARET A.S. |
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BOARD OF DIRECTORS |
: |
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BUSINESS ACTIVITIES |
: |
Wholesale trade of denim fabric.
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NACE CODE |
: |
G .51.41 |
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SECTOR |
: |
Commerce |
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NUMBER OF EMPLOYEES |
: |
33 |
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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 COUNTRIES |
: |
India |
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MERCHANDISE IMPORTED |
: |
Denim fabric |
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EXPORT COUNTRIES |
: |
Pakistan Tunisia Uzbekistan Egypt Morocco France Italy Spain Free Zone |
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MERCHANDISE EXPORTED |
: |
Denim fabric |
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HEAD OFFICE ADDRESS |
: |
Keresteciler Sitesi Mehmet Nesih Ozmen Mah. Fatih Cad. Yuksek Sok.
No:1/2-4 Gungoren Istanbul / Turkey |
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INVESTMENTS |
: |
None |
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MAIN DEALING BANKS |
: |
Denizbank Gunesli Branch Finansbank Gaziosmanpasa Branch Garanti Bankasi Merter 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 |
|
( 2009 ) |
5,93 % |
1,5460 |
2,1529 |
2,4094 |
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( 2010 ) |
8,87 % |
1,5128 |
2,0096 |
2,3410 |
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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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( 01.01-31.07.2013) |
3,48 % |
1,8387 |
2,4151 |
2,8409 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.66.57 |
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UK Pound |
1 |
Rs.103.34 |
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Euro |
1 |
Rs.88.16 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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.