MIRA INFORM REPORT
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Report No. : |
315659 |
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Report Date : |
06.04.2015 |
IDENTIFICATION DETAILS
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Name : |
RT DIS TICARET A.S. |
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Registered Office : |
Hurriyet Bulvari No:3/1 D:602 Yusuf Dede Is Merkezi Cankaya Izmir |
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Country : |
Turkey |
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Date of Incorporation : |
16.02.2006 |
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Com. Reg. No.: |
124144-Merkez |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Wholesale trade of steel and iron pipes. |
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No. of Employee : |
5 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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.
|
Source
: CIA |
COMPANY
IDENTIFICATION
|
NAME |
: |
RT DIS TICARET A.S. |
|
HEAD OFFICE ADDRESS |
: |
Hurriyet Bulvari No:3/1 D:602 Yusuf Dede Is Merkezi Cankaya Izmir /
Turkey |
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PHONE NUMBER |
: |
90-232-425 73 16 |
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FAX NUMBER |
: |
90-232-425 73 02 |
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WEB-ADDRESS |
: |
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E-MAIL |
: |
LEGAL
STATUS AND HISTORY
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NOTES
ON LEGAL STATUS AND HISTORY |
: |
Change
at tax no. The
paid-in capital is declared by the subject. There is no certification for the
paid-in capital. |
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TAX OFFICE |
: |
Cakabey |
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TAX NO |
: |
7350771531 |
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REMARKS ON TAX NO |
: |
The tax number was changed from "7350560862" to
"7350771531" as the legal form changed from limited company to
joint stock company. |
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REGISTRATION NUMBER |
: |
124144-Merkez |
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REGISTERED OFFICE |
: |
Izmir Chamber of Commerce |
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DATE ESTABLISHED |
: |
16.02.2006 |
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ESTABLISHMENT GAZETTE DATE/NO |
: |
03.03.2006/6505 |
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LEGAL FORM |
: |
Joint Stock Company |
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TYPE OF COMPANY |
: |
Private |
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REGISTERED CAPITAL |
: |
TL 3.200.000 |
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PAID-IN CAPITAL |
: |
TL 3.200.000 |
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HISTORY |
: |
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OWNERSHIP
/ MANAGEMENT
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SHAREHOLDERS |
: |
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||||||
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BOARD OF DIRECTORS |
: |
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OPERATIONS
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BUSINESS ACTIVITIES |
: |
Wholesale trade of steel and iron pipes. |
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NACE CODE |
: |
G .51.54 |
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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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IMPORT COUNTRIES |
: |
Russia China Belgium Germany |
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MERCHANDISE IMPORTED |
: |
Pipe |
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HEAD OFFICE ADDRESS |
: |
Hurriyet Bulvari No:3/1 D:602 Yusuf Dede Is Merkezi Cankaya Izmir /
Turkey |
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BRANCHES |
: |
Branch Office/Warehouse : 1. Sanayi Sitesi Izmir/Turkey |
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INVESTMENTS |
: |
None |
FINANCE
|
MAIN DEALING BANKS |
: |
Garanti Bankasi Bornova Branch Kuveyt Turk Katilim Bankasi 1. Sanayi Branch T. Is Bankasi Bornova Ticari Branch |
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PAYMENT BEHAVIOUR |
: |
No payment delays have come to our knowledge. |
COMMENT
ON FINANCIAL POSITION
|
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. |
|
|
Incr. in producers’ price index |
Average USD/TL |
Average EUR/TL |
Average GBP/ TL |
|
( 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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( 2014 ) |
6,36 % |
2,1891 |
2,8989 |
3,6060 |
|
( 01.01-28.02.2015) |
1,53 % |
2,4218 |
2,7989 |
3,7250 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.59 |
|
|
1 |
Rs.92.46 |
|
Euro |
1 |
Rs.67.51 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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|
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Report Prepared
by : |
ANK |
RATING EXPLANATIONS
|
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 |
|
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 |
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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 |
|
<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.