D&B Report Guide - Turkish Republic of Northern Cyprus

Facts and figures:

Country Turkish Republic of Northern Cyprus
Business Universe 10,000 approx.
International Dialling Code 90 392
Legal Currencies Turkish Lira (TL)
Population (2002 est.) 210,000
Capital Lefkosa
Language Turkish
Time GMT +2

D&B Business Information Report content:

D&B Rating Yes Credit Appraisal Yes
Public Data Yes Financial Ratios Yes
D&B Payment Score n/a    

Legal forms in Turkish Republic of Northern Cyprus:

Legal Form Legal Form (local)
Proprietorship Sahis firmasi
Partnerships Kollektif Sirket
Limited Partnership Komandit Sirket
Limited Company Limited Sirket
Public Company Limited Halka Acik Sirket
Off Shore Company Off-shore Sirket
Co-operative Kooperatif

 

  Name
Address
Principals		 Reg Date
Number
Start Date		 Capital
(minimum)		 Ownership
(minimum number)
Proprietorship Yes Yes None 1
Partnerships Yes Yes None 2
Limited Co Yes Yes 10,000,000 TL 2
Public Co Ltd
     - Companies
     - Banks
     - Insurance Companies		 Yes
Yes
Yes		 Yes
Yes
Yes		 None
2,000,000 USD
50,000,000,000 TL		 7
10
7
Off-Shore Co
     - Companies
     - Banks		 Yes
Yes		 Yes
Yes		 5,000 USD
500,000 USD		 2
10
Co-operative
     - Limtied Liabiliaty
     - Unlimited Liability   		Yes
Yes		 Yes
Yes		 None
None		 12
12

'None' means that there is no minimum capital requirement for these types of companies.

Legal filing requirements:

Proprietorships, Partnerships, Overseas Companies, Off-Shore Companies and Co-operatives are not required to file financial statements or file articles of association/amendments. Financial statements are only available if a company discloses them.

Public Limited Companies are required to file financial statements and articles of association/amendments.

D&B Business Information Report - data sources and data elements:

Here is a breakdown of information available in Turkish Republic of Northern Cyprus and where this information is obtained from.

Trade Registrar's Office:

  • registration date/registration number
  • address/telephone number
  • shareholders
  • directors

The above information is available from the Registry via telephone or fax.

Direct telephone interview:

  • bankers
  • principals and antecedents
  • activity/market territory
  • client type and number
  • number of employees
  • premises/branches/divisions
  • subsidiaries & affiliates
  • expansion plans
  • balance sheets/profit & loss/projected sales

Business publications and news clippings:

  • news articles concerning the subject company and its shareholders

D&B Business Information Report - Glossary of Terms

D&B Rating:

A unique two-part indicator showing the financial strength of a business concern, based upon the tangible net worth and the level of risk associated in dealing with it, derived from all the pertinent credit risk information held on the company.
 

Credit Appraisal:

The highest average outstanding credit an unsecured creditor should extend based on a maximum term of one month.
 

Ratios:

Current - Cover by current assets of short-term creditors.

Solvency - Shows the extent to which the company is financed by creditors and debt.

Fixed Assets to Net Worth - The proportion of Net Worth that consists of fixed assets.

Current Liabilities to Net Worth - Contrasts funds risked by creditors.

Asset Turnover - Measures efficiency of company management in generating sales from assets at its disposal.

Sales to Working Capital - Indicates if a company is overtrading.

Assets to Sales - Correlates sales with total assets used to generate those sales.

Profit Margin - Indicates profits earned per sale and measures efficiency of operations.

Shareholders’ Return - Analyses the ability of management to realise an adequate return on owners’ investment.

Return on Assets - Indicates a company's profitability.

 

D&B Rating Key

 

Part one: The financial strength indicator

For Turkish Republic of Northern Cyprus, the D&B Rating thresholds are:

 

Rating

Company net worth in US Dollars

From

To
5A Over 60,000,000
4A 25,000,000 60,000,000
3A 12,000,000 25,000,000
2A 2,500,000 12,000,000
1A 1,200,000 2,500,000
A 600,000 1,200,000
B 345,000 600,000
C 175,000 345,000
D 120,000 175,000
E 60,000 120,000
F 35,000 60,000
G 15,000 35,000
H Up to 15,000
N Negative net worth
NQ The company ceased trading
NB New business and not possible to rate yet
O No financial net worth know due to legal business type (non-corporate)

Part Two: The risk indicator

Indicator
1 Minimal trading risk
2 Less than average risk
3 Higher than average risk
4 High risk
- Insufficient information

Speed of service: 3 working days

All publicly available data is collected and verified from each of the above data sources by our locally positioned D&B Correspondent for each Business Information Report request received.

Speed of service: 3 working days

Should you require any further information or have any questions, please contact your local Customer Service Centre.

Business Information Report enquiries which are placed with D&B's Emerging Markets Centre should always contain the below details. Unfortunately, enquiries without the below information have a much higher chance of being returned as an Unable To Locate Report. This is simply due to the fact that data sources in the Emerging Markets are not as sophisticated as those in Western Europe.

  • Full Company Name
  • Full Head Quarters Address (street, town, country)
  • Telephone Number
  • Fax Number

Any additional information such as a contact name or line of business would also help to locate the subject of your enquiry.