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Report No. : |
303590 |
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Report Date : |
14.01.2015 |
IDENTIFICATION DETAILS
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Name : |
ART CARPET SANAYI VE TICARET A.S. |
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Registered Office : |
3. Org. San. Bol. 83303 Nolu Cad. No:2 Sehitkamil Gaziantep |
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Country : |
Turkey |
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Date of Incorporation : |
27.01.2005 |
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Com. Reg. No.: |
26706 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and trade of carpet. |
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No. of Employees : |
450 |
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, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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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NAME |
: |
ART CARPET SANAYI VE TICARET A.S. |
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HEAD OFFICE ADDRESS |
: |
3. Org. San. Bol. 83303 Nolu Cad. No:2 Sehitkamil Gaziantep / Turkey |
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REMARKS ON HEAD OFFICE ADDRESS |
: |
The address was changed from "Mehmet Batalli Bulvari 3 No'lu
Cad." to "83303 Nolu Cad." by the Municipality. |
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PHONE NUMBER |
: |
90-342-337 96 37 |
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FAX NUMBER |
: |
90-342-337 96 38 |
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WEB-ADDRESS |
: |
www.artcarpet.com |
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E-MAIL |
: |
info@artcarpet.com |
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TAX OFFICE |
: |
Gazikent |
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TAX NO |
: |
0850318407 |
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REGISTRATION NUMBER |
: |
26706 |
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REGISTERED OFFICE |
: |
Gaziantep Chamber of Commerce |
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DATE ESTABLISHED |
: |
27.01.2005 |
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ESTABLISHMENT GAZETTE DATE/NO |
: |
09.02.2005/6236 |
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LEGAL FORM |
: |
Joint Stock Company |
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TYPE OF COMPANY |
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Private |
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REGISTERED CAPITAL |
: |
TL 20.000.000 |
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HISTORY |
: |
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SHAREHOLDERS |
: |
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SISTER COMPANIES |
: |
ART DIS TICARET LTD. STI. |
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BOARD OF DIRECTORS |
: |
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BUSINESS ACTIVITIES |
: |
Manufacture and trade of carpet. |
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NACE CODE |
: |
DB.17.51 |
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SECTOR |
: |
Textile |
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TRADEMARKS OWNED |
: |
ART |
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NUMBER OF EMPLOYEES |
: |
450 |
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NET SALES |
: |
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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 fresh financial data. As the firm’s shares are not open to public it is
not obliged to announce its data. |
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IMPORT COUNTRIES |
: |
India |
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MERCHANDISE IMPORTED |
: |
Yarn |
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EXPORT COUNTRIES |
: |
European Countries Middle East Countries U.S.A. |
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MERCHANDISE EXPORTED |
: |
Carpet |
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HEAD OFFICE ADDRESS |
: |
3. Org. San. Bol. 83303 Nolu Cad. No:2 Sehitkamil Gaziantep / Turkey ( owned ) |
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BRANCHES |
: |
Head Office/Production Plant
: 3. Organize Sanayi Bolgesi 83303
No'lu Cad. No:2 Sehitkamil Gaziantep/Turkey (owned) (32.000 sqm) Branch Office : 3. Organize Sanayi Bolgesi Mehmet Batalli
Bulvari No:51 Sehitkamil Gaziantep/Turkey (rented) |
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MAIN DEALING BANKS |
: |
T. Halk Bankasi Organize Branch T. Is Bankasi Organize 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 |
|
( 2008 ) |
8,11 % |
1,2858 |
1,8876 |
2,3708 |
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( 2009 ) |
5,93 % |
1,5460 |
2,1529 |
2,4094 |
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( 01.01-30.06.2010) |
4,93 % |
1,5268 |
2,0325 |
2,3444 |
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( 2010 ) |
8,87 % |
1,5128 |
2,0096 |
2,3410 |
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( 01.01-30.09.2013) |
4,43 % |
1,8785 |
2,4774 |
2,9189 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.62.10 |
|
|
1 |
Rs.94.09 |
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Euro |
1 |
Rs.73.41 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.