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Report No. : |
322273 |
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Report Date : |
21.05.2015 |
IDENTIFICATION DETAILS
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Name : |
UZAY DIS TICARET MEMDUH UZ |
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Registered Office : |
Avrupa Serbest Bolgesi (Free Zone) 113-3 Ada No:12 59850 Velimese-Corlu Tekirdag |
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Country : |
Turkey |
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Date of Incorporation : |
24.05.2000 |
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Com. Reg. No.: |
6259 |
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Legal Form : |
Sole-Proprietorship |
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Line of Business : |
Trade of workbenches and its spare parts. |
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No. of Employees : |
2 |
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 region to market. Several gas pipeline projects also are moving forward to help transport Caspian gas to Europe through Turkey, which over the long term will help address Turkey's dependence on imported oil and gas which currently meets 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 has dropped to roughly 2-4% in 2013-14. 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 2014, reflecting Turkey's robust growth even in the face of economic turmoil in Europe, the source of most of Turkey's foreign direct investment. 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.
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Source
: CIA |
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NAME |
: |
UZAY DIS TICARET MEMDUH UZ |
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HEAD OFFICE
ADDRESS |
: |
Avrupa Serbest Bolgesi (Free Zone) 113-3 Ada No:12 59850 Velimese-Corlu Tekirdag / Turkey |
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PHONE NUMBER |
: |
90-212-875 58 91 (Administrative Office) |
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FAX NUMBER |
: |
90-212-875 59 00 (Administrative Office) |
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NOTES ON LEGAL STATUS AND HISTORY |
: |
Liability of the subject is not limited to the capital. |
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TAX OFFICE |
: |
Corlu |
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TAX NO |
: |
56455299544 |
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REGISTRATION NUMBER |
: |
6259 |
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REGISTERED OFFICE |
: |
Corlu Chamber of Commerce and Industry |
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DATE ESTABLISHED |
: |
2000 |
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ESTABLISHMENT GAZETTE DATE/NO |
: |
24.05.2000/5051 |
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LEGAL FORM |
: |
Sole-Proprietorship |
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TYPE OF COMPANY |
: |
Private |
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SHAREHOLDERS |
: |
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REMARKS ON
SHAREHOLDERS |
: |
The owner, Memduh
Uz was born in 1950. |
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PROPERTIES OWNED
BY THE OWNER/PARTNERS |
: |
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DIRECTORS |
: |
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BUSINESS ACTIVITIES |
: |
Trade of workbenches and its spare parts. |
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NACE CODE |
: |
G .51.81 |
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SECTOR |
: |
Commerce |
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NUMBER OF
EMPLOYEES |
: |
2 |
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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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IMPORT COUNTRIES |
: |
Taiwan China Germany Spain Russia |
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MERCHANDISE
IMPORTED |
: |
Workbenches |
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EXPORT COUNTRIES |
: |
U.S.A. European Countries Russia Middle East Countries |
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MERCHANDISE EXPORTED |
: |
Workbenches |
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HEAD OFFICE
ADDRESS |
: |
Avrupa Serbest Bolgesi (Free Zone) 113-3 Ada No:12 59850 Velimese-Corlu Tekirdag / Turkey |
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BRANCHES |
: |
Branch Office: Abdi Ipekci Cad. No:84 34030
Bayrampasa Istanbul/Turkey Administrative Office: Bakir Ve Pirincciler Sanayi
Sitesi Menekse Cad. No:18 34520 Beylikduzu Istanbul/Turkey (25.000 sqm) |
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MAIN DEALING BANKS |
: |
Turkiye Garanti Bankasi Bayrampasa Branch Turkiye Halk Bankasi
Bayrampasa 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.
The liability of the sole-proprietorships is not limited to the capital. The
owners of the sole-proprietorships are responsible for the debts of the
sole-proprietorships with all of their personal wealth. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.87 |
|
|
1 |
Rs.98.89 |
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Euro |
1 |
Rs.70.73 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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|
|
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Report Prepared
by : |
VNT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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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.