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Report Date : |
13.01.2014 |
IDENTIFICATION DETAILS
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Name : |
CMC CONSUMER MEDICAL CARE PAMUK AMBALAJ
SANAYI VE TICARET LTD. STI. |
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Formerly Known As : |
CMC Consumer Medical Care Pamuk Sanayi ve
Ticaret Ltd. Sti. |
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Registered Office : |
Serbest Bolge (Free Zone) Mersin Mumin Ozyurt Cad. No:17 33020 Mersin |
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Country : |
Turkey |
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Date of Incorporation : |
29.09.2003 |
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Com. Reg. No.: |
25782 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer and trader
of hygienic cotton wool products such as cotton wool pleats, cotton wool
balls, cotton wool pads & cosmetic pads
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No. of Employees : |
120 |
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 – September 30, 2013
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Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
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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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NOTES |
: |
Name at your inquiry is the former name. |
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NAME |
: |
CMC CONSUMER MEDICAL CARE PAMUK AMBALAJ SANAYI VE TICARET LTD. STI. |
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HEAD OFFICE ADDRESS |
: |
Serbest Bolge (Free Zone) Mersin Mumin Ozyurt Cad. No:17 33020 Mersin
/ Turkey |
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PHONE NUMBER |
: |
90-324-239 38 70 |
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FAX NUMBER |
: |
90-324-239 38 73 |
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TAX OFFICE |
: |
Uray |
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TAX NO |
: |
4580323171 |
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REGISTRATION NUMBER |
: |
25782 |
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REGISTERED OFFICE |
: |
Mersin Chamber of Commerce and Industry |
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DATE ESTABLISHED |
: |
29.09.2003 |
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ESTABLISHMENT GAZETTE DATE/NO |
: |
09.10.2003/5903 |
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LEGAL FORM |
: |
Limited Company |
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TYPE OF COMPANY |
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Private |
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REGISTERED CAPITAL |
: |
TL 18.500.000 |
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HISTORY |
: |
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SHAREHOLDERS |
: |
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REMARKS ON SHAREHOLDERS |
: |
We are informed that "Cmc Consumer Medical Care GmbH" is a
company located in Germany and "CMC France S.a.r.l." is a company
located in France. |
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DIRECTORS |
: |
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BUSINESS ACTIVITIES |
: |
Manufacture and trade of hygienic cotton wool products such as cotton
wool pleats, cotton wool balls, cotton wool pads & cosmetic pads . |
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NACE CODE |
: |
DG.24.42 |
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NUMBER OF EMPLOYEES |
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120 |
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NET SALES |
: |
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REMARKS ON NET SALES |
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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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Germany France U.K. Czech Republic Peru U.A.E. |
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MERCHANDISE IMPORTED |
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Packaging goods |
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EXPORT VALUE |
: |
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REMARKS ON EXPORT |
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As the subject company is located at "Free Zone" all of its
sales are regarded as exports. |
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HEAD OFFICE ADDRESS |
: |
Serbest Bolge (Free Zone) Mersin Mumin Ozyurt Cad. No:17 33020 Mersin
/ Turkey ( rented ) |
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BRANCHES |
: |
Head Office/Factory : Serbest Bolge (Free Zone) Mersin Mumin Ozyurt
Cad. No:17 33020 Mersin Mersin/Turkey (rented) |
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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 |
: |
Akbank Serbest Bolge 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 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.94 |
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UK Pound |
1 |
Rs.102.06 |
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Euro |
1 |
Rs.84.31 |
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.