|
Report Date : |
28.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
MERT TAYAN -TAYAN
DIS TICARET |
|
|
|
|
Registered Office : |
Kurucesme Mah. Altiparmak Cad. No:49/3 Osmangazi Bursa |
|
|
|
|
Country : |
Turkey |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
04.02.2013 |
|
|
|
|
Com. Reg. No.: |
83264 |
|
|
|
|
Legal Form : |
Sole-Proprietorship |
|
|
|
|
Line of Business : |
subject provides foreign trade consultancy service
|
|
|
|
|
No of Employees : |
02 |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
-- |
NB |
New Business |
-- |
|
Status : |
New Business |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Turkey |
B1 |
B1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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% in 2012-13. Turkey's public sector debt to GDP ratio has fallen below 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 reached nearly $195 billion at year-end 2013, reflecting Turkey's good 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, 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 |
|
NAME |
: |
MERT TAYAN -TAYAN DIS TICARET |
|
HEAD OFFICE ADDRESS |
: |
Kurucesme Mah. Altiparmak Cad. No:49/3 Osmangazi Bursa / Turkey |
|
PHONE NUMBER |
: |
90-224-221 71 47 |
|
FAX NUMBER |
: |
90-224-221 71 49 |
|
NOTES ON LEGAL STATUS AND HISTORY |
: |
Liability of the subject is not limited to the capital. |
|
TAX OFFICE |
: |
Cekirge |
|
TAX NO |
: |
20275624930 |
|
REGISTRATION NUMBER |
: |
83264 |
|
REGISTERED OFFICE |
: |
Bursa Chamber of Commerce and Industry |
|
DATE ESTABLISHED |
: |
04.02.2013 |
|
REMARKS ON DATE ESTABLISHED |
: |
The subject sole-proprietorship is established on 04.02.2013. As the sole-proprietorships
are not obliged to be registered at commercial registry, it was registered at
Bursa Commercial Registry on 31.12.2013 (Commercial Registry Gazette Date/No:
09.01.2014/ 8482) |
|
LEGAL FORM |
: |
Sole-Proprietorship |
|
TYPE OF CONCERN |
: |
Private |
|
SHAREHOLDERS |
: |
|
||
|
|
|
|
||
|
REMARKS ON SHAREHOLDERS |
: |
The owner, Mert Tayan was born in 1988 and graduated from Bilkent
University. |
||
|
DIRECTORS |
: |
|
|
BUSINESS ACTIVITIES |
: |
The subject provides foreign trade consultancy service. |
||||
|
NACE CODE |
: |
K .74.14 |
||||
|
NUMBER OF EMPLOYEES |
: |
2 |
||||
|
NET SALES |
: |
|
||||
|
CAPACITY |
: |
None |
||||
|
PRODUCTION |
: |
None |
||||
|
IMPORT VALUE |
: |
|
||||
|
EXPORT VALUE |
: |
|
||||
|
HEAD OFFICE ADDRESS |
: |
Kurucesme Mah. Altiparmak Cad. No:49/3 Osmangazi Bursa / Turkey |
|
TREND OF BUSINESS |
: |
Undetermined; young business. |
|
MAIN DEALING BANKS |
: |
Denizbank Yildirim Branch |
||||||||||||||||||||||||||||||||||||
|
PAYMENT BEHAVIOUR |
: |
No payment delays have come to our knowledge. |
||||||||||||||||||||||||||||||||||||
|
KEY FINANCIAL ELEMENTS |
: |
|
|
General Financial Position |
The firm is profitable but there is no information showing that the
owner/partners possess any real estates. |
|
|
Incr. in producers’ price index |
Average USD/TL |
Average EUR/TL |
Average GBP/ TL |
|
( 2013 ) |
6,97 % |
1,9179 |
2,5530 |
3,0178 |
|
( 01.01-30.04.2014) |
5,61 % |
2,1807 |
2,9954 |
3,6333 |
INCOME STATEMENT |
||
|
|
(04.02-31.12.2013) TL |
|
|
Net Sales |
1.338.049 |
1,00 |
|
Cost of Goods Sold |
1.306.942 |
0,98 |
|
Gross Profit |
31.107 |
0,02 |
|
Operating Expenses |
8.850 |
0,01 |
|
Operating Profit |
22.257 |
0,02 |
|
Other Income |
0 |
0,00 |
|
Other Expenses |
0 |
0,00 |
|
Financial Expenses |
0 |
0,00 |
|
Minority Interests |
0 |
0,00 |
|
Profit (loss) of consolidated firms |
0 |
0,00 |
|
Profit (loss) Before Tax |
22.257 |
0,02 |
|
Tax Payable |
0 |
0,00 |
|
Postponed Tax Gain |
0 |
0,00 |
|
Net Profit (loss) |
22.257 |
0,02 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.06 |
|
UK Pound |
1 |
Rs.99.61 |
|
Euro |
1 |
Rs.88.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
MNL |
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 |
|
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 |
|
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 |
|
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.