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Report Date : |
07.08.2014 |
IDENTIFICATION DETAILS
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Name : |
RUBITEKS TEKSTIL VE KAUCUK TICARETI ROBERT SARFATI |
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Registered Office : |
Nuruosmaniye Molla Fenari Mah. C.Kapi Iskender Bogazi Cad. Karadeniz
Han No:18/1 Eminonu Istanbul |
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Country : |
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Date of Incorporation : |
18.10.2006 |
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Com. Reg. No.: |
603927 |
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Legal Form : |
Sole-Proprietorship |
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Line of Business : |
Wholesale trade of rubber, latex, and related chemicals. |
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No. of Employees |
4 |
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.
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 around 9% in 2010-11, as exports returned to normal levels
following the recession. Growth dropped to roughly 3-4% in 2012-13. Turkey's
public sector debt to GDP ratio has fallen below 40%, and two rating agencies
upgraded Turkey's debt to investment grade in 2012 and 2013. Turkey remains
dependent on often volatile, short-term investment to finance its large current
account deficit. The stock value of FDI reached nearly $195 billion at year-end
2013, reflecting Turkey's robust growth even in the face of economic turmoil in
Europe, the source of much of Turkey's FDI. Turkey's relatively high current
account deficit, domestic political uncertainty, and turmoil within Turkey's
neighborhood leave the economy vulnerable to destabilizing shifts in investor
confidence.
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Source
: CIA |
In absence of financials, no credit limit could be recommended.
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NAME |
: |
RUBITEKS TEKSTIL VE KAUCUK TICARETI ROBERT SARFATI |
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HEAD OFFICE ADDRESS |
: |
Nuruosmaniye Molla Fenari Mah. C.Kapi Iskender Bogazi Cad. Karadeniz
Han No:18/1 Eminonu Istanbul / Turkey |
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PHONE NUMBER |
: |
90-212-527 39 64 |
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FAX NUMBER |
: |
90-212-526 10 34 |
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NOTES ON LEGAL STATUS AND HISTORY |
: |
Liability of the subject is not limited to the capital. |
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TAX OFFICE |
: |
Nuruosmaniye |
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TAX NO |
: |
13709427788 |
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REGISTRATION NUMBER |
: |
603927 |
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REGISTERED OFFICE |
: |
Istanbul Chamber of Commerce |
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DATE ESTABLISHED |
: |
18.10.2006 |
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ESTABLISHMENT GAZETTE DATE/NO |
: |
27.10.2006/6670 |
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LEGAL FORM |
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Sole-Proprietorship |
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TYPE OF COMPANY |
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Private |
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SHAREHOLDERS |
: |
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REMARKS ON SHAREHOLDERS |
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The owner, Robert Sarfati, was born on 27.10.1980 and graduated from
University. |
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PROPERTIES OWNED BY THE OWNER/PARTNERS |
: |
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DIRECTORS |
: |
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BUSINESS ACTIVITIES |
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Wholesale trade of rubber, latex, and related chemicals. |
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NACE CODE |
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G .51.55 |
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SECTOR |
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Commerce |
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NUMBER OF EMPLOYEES |
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4 |
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NET SALES |
: |
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REMARKS ON NET SALES |
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The net sales figure of 2013 is declared by the company. There is no
certification for this figure. |
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CAPACITY |
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None |
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PRODUCTION |
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None |
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IMPORT COUNTRIES |
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Malaysia Vietnam India Taiwan Russia China Sri Lanka |
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MERCHANDISE IMPORTED |
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Rubber and related chemicals |
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EXPORT VALUE |
: |
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HEAD OFFICE ADDRESS |
: |
Nuruosmaniye Molla Fenari Mah. C.Kapi Iskender Bogazi Cad. Karadeniz
Han No:18/1 Eminonu Istanbul / Turkey ( rented ) |
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BRANCHES |
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Branch Office : Perpa Ticaret Merkezi B Blok K:13 No:2533 Sisli
Istanbul/Turkey (owned by shareholder(s)) |
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INVESTMENTS |
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None |
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MAIN DEALING BANKS |
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Akbank Sultanhamam Branch Garanti Bankasi Bahcekapi Branch T. Is Bankasi Beyazit Branch Turk Ekonomi Bankasi Tahtakale Branch Yapi ve Kredi Bankasi Beyazit Branch |
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PAYMENT BEHAVIOUR |
: |
Unknown |
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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. |
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Incr. in
producers’ price index |
Average USD/TL |
Average EUR/TL |
Average GBP/ TL |
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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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( 2013 ) |
6,97 % |
1,9179 |
2,5530 |
3,0178 |
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( 01.01-31.07.2014) |
5,89 % |
2,1578 |
2,9492 |
3,6152 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.34 |
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UK Pound |
1 |
Rs.103.44 |
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Euro |
1 |
Rs.81.96 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
SDA |
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 |
-- |
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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.