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Report No. : |
335573 |
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Report Date : |
08.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
FABEKS DIS TICARET A.S. |
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|
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Registered Office : |
Mithatpasa Mah. Selanik Bulvari No:131 Kemerburgaz, Eyup Istanbul |
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Country : |
Turkey |
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Date of Incorporation : |
05.03.1990 |
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Com. Reg. No.: |
263287 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Subject is engaged in trade of ready wear, iron and steel raw materials,
semi finished and finished steel products. |
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No. of Employee : |
150 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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|
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Turkey |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
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
Austria, with its well-developed market economy, skilled labor force, and high standard of living, is closely tied to other EU economies, especially Germany's. Its economy features a large service sector, a relatively sound industrial sector, and a small, but highly developed agricultural sector. Economic growth was anemic at less than 0.5% in 2013 and 2014, and growth in 2015 is not expected to exceed 0.5%. Austria’s 5.6% unemployment rate, while low by European standards, is at an historic high for Austria. Without extensive vocational training programs and generous early retirement, the unemployment rate would be even higher. Public finances have not stabilized even after a 2012 austerity package of expenditure cuts and new revenues. On the contrary, in 2014, the government created a “bad bank” for the troubled nationalized “Hypo Alpe Adria” bank, pushing the budget deficit up by 0.9% of GDP to 2.4% and public debt to 84.5% of the GDP. Although Austria's fiscal position compares favorably with other euro-zone countries, it faces several external risks, such as Austrian banks' continued exposure to Central and Eastern Europe, repercussions from the Hypo Alpe Adria bank collapse, political and economic uncertainties caused by the European sovereign debt crisis, the current crisis in Russia/Ukraine, the recent appreciation of the Swiss Franc, and political developments in Hungary.
|
Source
: CIA |
COMPANY
IDENTIFICATION
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||
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NAME |
: |
FABEKS DIS TICARET A.S. |
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HEAD OFFICE ADDRESS |
: |
Mithatpasa Mah. Selanik Bulvari No:131 Kemerburgaz, Eyup Istanbul /
Turkey |
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PHONE NUMBER |
: |
90-212-360 09 90 |
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FAX NUMBER |
: |
90-212-360 08 80 |
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WEB-ADDRESS |
: |
www.silkcashmere.com |
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E-MAIL |
: |
info@silkcashmere.com |
LEGAL
STATUS AND HISTORY
|
|
|
||
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TAX OFFICE |
: |
Bogazici Kurumlar |
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TAX NO |
: |
3840035031 |
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REGISTRATION NUMBER |
: |
263287 |
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REGISTERED OFFICE |
: |
Istanbul Chamber of Commerce |
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DATE ESTABLISHED |
: |
05.03.1990 |
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ESTABLISHMENT GAZETTE DATE/NO |
: |
09.03.1990/2482 |
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LEGAL FORM |
: |
Joint Stock Company |
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TYPE OF COMPANY |
: |
Private |
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REGISTERED CAPITAL |
: |
TL 9.991.770 |
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HISTORY |
: |
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OWNERSHIP
/ MANAGEMENT
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SHAREHOLDERS |
: |
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REMARKS ON SHAREHOLDERS |
: |
We are informed that, the main shareholder 'Eastgate Mena Holdcol
S.a.r.l. ' is a company located in Luxembourg. |
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BOARD OF DIRECTORS |
: |
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DIRECTORS |
: |
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OPERATIONS
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NOTES
ON OPERATIONS |
: |
The
firm orders production to contract manufacturers. |
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BUSINESS ACTIVITIES |
: |
Trade of ready wear, iron and steel raw materials, semi finished and
finished steel products. The subject orders ready-wear products to be manufactured in the name
of the subject company to contract manufacturers in China. The subject has several stores in Turkey and in abroad. |
|
NACE CODE |
: |
G .51.42 |
|
SECTOR |
: |
Commerce |
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TRADEMARKS TRADED |
: |
Silk and Cashmere |
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NUMBER OF EMPLOYEES |
: |
150 |
|
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 |
: |
China India |
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MERCHANDISE IMPORTED |
: |
Ready wear |
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EXPORT COUNTRIES |
: |
Switzerland Azerbaijan Iran France Latvia Australia South Africa China Hong-Kong India |
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MERCHANDISE EXPORTED |
: |
Ready-wear |
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HEAD OFFICE ADDRESS |
: |
Mithatpasa Mah. Selanik Bulvari No:131 Kemerburgaz, Eyup Istanbul /
Turkey ( owned ) |
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INVESTMENTS |
: |
None |
FINANCE
|
|
|
||
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MAIN DEALING BANKS |
: |
Garanti Bankasi Gayrettepe Branch Yapi ve Kredi Bankasi Yeditepe Branch |
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PAYMENT BEHAVIOUR |
: |
Unknown |
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 |
|
( 2012 ) |
2,45 % |
1,7995 |
2,3265 |
2,8593 |
|
( 2013 ) |
6,97 % |
1,9179 |
2,5530 |
3,0178 |
|
( 2014 ) |
6,36 % |
2,1891 |
2,8989 |
3,6060 |
|
( 01.01-30.06.2015) |
5,49 % |
2,5568 |
2,8727 |
3,9250 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.81 |
|
|
1 |
Rs.98.93 |
|
Euro |
1 |
Rs.69.66 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
|
|
Report Prepared
by : |
ASH |
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.