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Report Date : |
21.11.2014 |
IDENTIFICATION DETAILS
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Name : |
CRC GIDA DIS TICARET LTD. STI. |
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|
|
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Registered Office : |
Ataturk cad. No:10/1 K:11 Ofis No: 366 Yesilkoy Istanbul |
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Country : |
Turkey |
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Date of Incorporation : |
26.03.2013 |
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Com. Reg. No.: |
861076 |
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Legal Form : |
Limited Company |
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Line of Business : |
Wholesale trade of food products. |
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|
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No of Employees : |
5 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Turkey |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
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.
|
Source
: CIA |
|
NAME |
: |
CRC GIDA DIS TICARET LTD. STI. |
|
HEAD OFFICE ADDRESS |
: |
Ataturk cad. No:10/1 K:11 Ofis No: 366 Yesilkoy Istanbul /
Turkey |
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PHONE NUMBER |
: |
90-212-465 90 20 90-533-282 89 86 (GSM of Ms.Gokce Ustundag (operation
executive)) |
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FAX NUMBER |
: |
90-212-465 90 21 |
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WEB-ADDRESS |
: |
www.crc-foods.com |
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E-MAIL |
: |
info@crc-foods.com |
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TAX OFFICE |
: |
Bakirkoy |
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TAX NO |
: |
2150251163 |
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REGISTRATION NUMBER |
: |
861076 |
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REGISTERED OFFICE |
: |
Istanbul Chamber of Commerce |
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DATE ESTABLISHED |
: |
26.03.2013 |
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ESTABLISHMENT GAZETTE DATE/NO |
: |
01.04.2013/8290 |
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LEGAL FORM |
: |
Limited Company |
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TYPE OF COMPANY |
: |
Private |
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REGISTERED CAPITAL |
: |
TL 40.000 |
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HISTORY |
: |
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SHAREHOLDERS |
: |
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||||||
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SISTER COMPANIES |
: |
ANSE MADEN SANAYI A.S. TEKIRDAG UN SANAYI VE TICARET LTD. STI. |
||||||
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DIRECTORS |
: |
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BUSINESS ACTIVITIES |
: |
Wholesale trade of food products. |
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NACE CODE |
: |
G .51.30 |
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SECTOR |
: |
Commerce |
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NUMBER OF EMPLOYEES |
: |
5 |
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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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EXPORT COUNTRIES |
: |
Pakistan Israel Palestine Jordan |
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MERCHANDISE
EXPORTED |
: |
Food products |
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HEAD OFFICE ADDRESS |
: |
Ataturk cad. No:10/1 K:11 Ofis No: 366 Yesilkoy Istanbul /
Turkey |
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INVESTMENTS |
: |
None |
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TREND OF BUSINESS |
: |
Undetermined; young business. |
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MAIN DEALING BANKS |
: |
Garanti Bankasi Dunya Ticaret Merkezi Branch |
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PAYMENT BEHAVIOUR |
: |
Slow but correct |
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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. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.83 |
|
|
1 |
Rs.96.56 |
|
Euro |
1 |
Rs.77.42 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SNT |
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.