MIRA
INFORM REPORT
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Report Date : |
26.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
OZCANLAR TEKSTIL SANAYII VE TICARET A.S. |
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Registered Office : |
Merkez Mahallesi Gungoren
Caddesi No:67 Bagcilar Istanbul |
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Country : |
Turkey |
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Date of Incorporation : |
1982 |
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Com. Reg. No.: |
191346 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and trade of woven fabric |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
COMPANY
IDENTIFICATION
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NAME |
: |
OZCANLAR TEKSTIL SANAYII VE TICARET A.S. |
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ADDRESS |
: |
Head Office / Warehouse: Merkez Mahallesi
Gungoren Caddesi No:67 Bagcilar
Istanbul / Turkey Factory: 2. Organize Sanayi Bolgesi
Cerkezkoy Tekirdag / Turkey |
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PHONE NUMBER |
: |
90-212-461 85 44 90-282-736 25 00 |
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FAX NUMBER |
: |
90-212-461 84 67 |
LEGAL STATUS AND
HISTORY
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TAX OFFICE / NO |
: |
Buyuk Mukellefler / 6710053094 |
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REGISTRATION NUMBER |
: |
191346 |
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REGISTERED OFFICE |
: |
Istanbul Chamber of Industry |
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DATE ESTABLISHED |
: |
1982 (Commercial Registry Gazette
Date/No:06.12.1982/642) |
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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 |
: |
YTL 168,000,000 |
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HISTORY |
: |
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Previous Registered Capital |
:YTL 100 million |
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Regist. Capital Changed on |
: 31.12.2003 (Commercial Registry Gazette
Date/No:19.01.2004/5970 ) |
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Previous Registered Capital |
:YTL 140,000,000 |
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Regist. Capital Changed on |
: 03.05.2005 (Commercial Registry Gazette
Date/No:06.05.2005 / 6298) |
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Previous Registered Capital |
:YTL 160,000,000 |
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Regist. Capital Changed on |
: 25.04.2006 (Commercial Registry Gazette Date/No:28.04.2006
/6545) |
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OWNERSHIP /
MANAGEMENT
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SHAREHOLDERS |
: |
Celal Ozen Omer Ozen Zeki Cemal Ozen Nejat Erdal Yigit Fatih Yigit Others |
52,97 % 17,70 % 15,38 % 5,57 % 5,57 % |
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SISTER COMPANIES |
: |
Ozcanlar Iplik Tekstil San ve Tic A.S. |
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GROUP PARENT COMPANY |
: |
None |
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BOARDS OF DIRECTORS |
: |
Celal Ozen Omer Ozen Halil Yigit Fevzi Yigit |
Chairman Vice-chairman Member Member |
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GENERAL MANAGER |
: |
Erdal Yigit |
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OPERATIONS
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BUSINESS
ACTIVITIES |
: |
Manufacture and trade of woven fabric |
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SECTOR |
: |
Textile |
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NUMBER OF
EMPLOYEES |
: |
480 |
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NET SALES |
: |
n.a. |
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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 |
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Germany, Italy, India, Switzerland… |
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MERCHANDISE
IMPORTED |
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Intermediary goods, machinery |
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EXPORT COUNTRIES |
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Lebanon, Israel, U.S.A., Greece, Bulgaria,
Ukraine, Hungary, Spain, Belgium… |
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MERCHANDISE
EXPORTED |
: |
Fabric |
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PREMISES |
: |
Head Office / Warehouse: Merkez Mahallesi
Gungoren Caddesi No:67 Bagcilar
Istanbul Factory: 2. Organize Sanayi Bolgesi.
Cerkezkoy Tekirdag |
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COMMERCIAL
MORALITY |
: |
Good |
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SIZE
OF BUSINESS |
: |
Giant |
FINANCE
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MAIN DEALING BANKERS |
: |
Garanti Bankasi Bahcekapi branch in
Istanbul |
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CREDIT FACILITIES |
: |
No credit facility has come to our
knowledge. |
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PAYMENT BEHAVIOR |
: |
No complaints have been heard regarding
payments from bank. According
to the official registries between 01.01.2000-15.03.2007, there are no
protested bills and non-paid cheques registered in the name of “Ozcanlar
Tekstil”. |
COMMENT ON FINANCIAL
POSITION
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GENERAL
FINANCIAL POSITION |
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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. |
CREDIT OPINION
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CREDIT OPINION WITHOUT OBLIGATION |
: |
In view of the lack of detailed financial
data, we have no basis to talk about a business relation without security. |
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Incr. in
producers’ price index |
Average YTL/$ |
Average YTL/EUR |
Average YTL/GBP |
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(2006) |
11.58 % |
1.4309 |
1.7987 |
2.6377 |
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(1.1.-31.03.2007) |
1.88 % |
1.4068 |
1.8521 |
2.7609 |
RATING
EXPLANATIONS
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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 |
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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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average/normal. |
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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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)