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Report Date : |
04.12.2014 |
IDENTIFICATION DETAILS
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Name : |
CEBECI SOSYAL HIZMETLER TEKSTIL TEMIZLIK SANAYI TICARET LTD. STI. |
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Formerly Known As : |
CEBECI SOSYAL HIZMETLER GIDA TEKSTIL TEMIZLIK PEYZAJ OZEL GUVENLIK
TASIMACILIK TAAHHUT SANAYI VE TICARET LTD. STI. |
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Registered Office : |
Cemaliye Mah. Tahtali Cami Sok. No:20/A Corlu Tekirdag |
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Country : |
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Date of Incorporation : |
10.11.2005 |
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Com. Reg. No.: |
8412 |
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Legal Form : |
Limited Company |
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Line of Business : |
Provides Labor Force Supply Services. The Subject Also Deals With
Trade of Textile Machinery And Textile Products |
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No. of Employees : |
300 |
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 – June 1, 2014
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Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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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 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 |
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NAME |
: |
CEBECI SOSYAL HIZMETLER TEKSTIL TEMIZLIK SANAYI TICARET LTD. STI. |
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HEAD OFFICE ADDRESS |
: |
Cemaliye Mah. Tahtali Cami Sok. No:20/A Corlu Tekirdag / Turkey |
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PHONE NUMBER |
: |
90-282-651 35 52 90-282-686 28 27 |
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FAX NUMBER |
: |
90-282-652 42 71 |
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WEB-ADDRESS |
: |
www.cebecitr.com |
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E-MAIL |
: |
info@cebecitr.com |
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TAX OFFICE |
: |
Corlu |
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TAX NO |
: |
2040268261 |
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REGISTRATION NUMBER |
: |
8412 |
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REGISTERED OFFICE |
: |
Corlu Chamber of Commerce and Industry |
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DATE ESTABLISHED |
: |
10.11.2005 |
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ESTABLISHMENT GAZETTE DATE/NO |
: |
16.11.2005/6432 |
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LEGAL FORM |
: |
Limited Company |
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TYPE OF COMPANY |
: |
Private |
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REGISTERED CAPITAL |
: |
TL 250.000 |
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HISTORY |
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PREVIOUS SHAREHOLDERS |
: |
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SHAREHOLDERS |
: |
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SISTER COMPANIES |
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Declared to be:None |
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SUBSIDIARIES |
: |
Declared to be:None |
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DIRECTORS |
: |
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BUSINESS ACTIVITIES |
: |
The firm provides labor force supply services. The subject also deals
with trade of textile machinery and textile products. |
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NACE CODE |
: |
K .74.50 |
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NUMBER OF EMPLOYEES |
: |
300 |
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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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PRODUCTION |
: |
None |
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IMPORT COUNTRIES |
: |
Italy |
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MERCHANDISE IMPORTED |
: |
Textile machinery |
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EXPORT COUNTRIES |
: |
Pakistan Kenya India |
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MERCHANDISE EXPORTED |
: |
Textile products |
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HEAD OFFICE ADDRESS |
: |
Cemaliye Mah. Tahtali Cami Sok. No:20/A Corlu Tekirdag / Turkey |
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MAIN DEALING BANKS |
: |
ING Bank Emlakkent Branch T. Garanti Bankasi
Emlakkent Branch T. Is Bankasi Corlu
Branch Yapi ve Kredi Bankasi Corlu 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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( 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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( 01.01-31.10.2014) |
8,22 % |
2,1739 |
2,9177 |
3,6143 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
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US Dollar |
1 |
Rs.61.89 |
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UK Pound |
1 |
Rs.96.83 |
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Euro |
1 |
Rs.76.57 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
SHG |
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.