MIRA
INFORM REPORT
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Report Date : |
11.08.2007 |
IDENTIFICATION DETAILS
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Name : |
UZEL MOTOR SANAYI A.S. |
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Registered Office : |
Akpinar Mah. Malkocoglu Cad. No: 10 Kartal |
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Country : |
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Date of Incorporation : |
21.12.2001 (Commercial Registry Gazette Date / No: 26.12.2001 / 5452) |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Trade of engines and engine parts |
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY
IDENTIFICATION
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NAME |
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UZEL MOTOR SANAYI A.S. |
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ADDRESS |
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Head Office: Akpinar Mah. Malkocoglu Cad. No: 10 Kartal The name of the address was changed from “Fatih Mah. Malkacoglu Cad.
No: 10 Kartal Branch: |
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PHONE NUMBER |
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90-212-567 08 41 |
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FAX NUMBER |
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90-212-576 45 95 |
LEGAL STATUS AND
HISTORY
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TAX OFFICE / NO |
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Sultanbeyli / 9010092482 |
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REGISTRATION NUMBER |
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467436 |
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REGISTERED OFFICE |
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DATE ESTABLISHED |
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21.12.2001 (Commercial Registry Gazette Date / No: 26.12.2001 / 5452) |
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LEGAL FORM |
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Joint Stock Company |
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TYPE OF COMPANY |
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Private |
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REGISTERED CAPITAL |
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YTL 850,000 |
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HISTORY |
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The name of the subject was changed from “Uzel Motor Sanayi ve Ticaret
A.S.” to “Uzel-Deutz Motor San. ve Tic. A.S.” on 27.06.2002 (Commercial
Registry Gazette Date / No: 02.07.2002 / 5582). The registered capital of the subject was increased from YTL 765,000
to YTL 850,000 on 27.06.2002 (Commercial Registry Gazette Date / No:
02.07.2002 / 5582). The subject moved from “Kore Sehitleri Cad. Seckin Is Merkezi No: 11 /
4 Zincirlikuyu Istanbul” to “Akpinar Mah. Malkocoglu Cad. No: 10 Kartal The name of the subject was changed from “Uzel-Deutz Motor San. ve
Tic. A.S.” to “Uzel Motor Sanayi A.S.” on 27.11.2006 (Commercial Registry
Gazette Date / No: 01.12.2006 / 6695). |
OWNERSHIP /
MANAGEMENT
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SHAREHOLDERS |
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Uzel Motor N.V. Uzel Traktor ve Otomotiv Yedek Parca San. Tic.Ltd.Sti. Uzel Holding A.S. Uzel Otomotiv Sistemleri A.S. Uzel Sinai Yatirim A.S. Agrel Dis Ticaret A.S. |
89,1 % 10 % 0,225 % 0,225 % 0,225 % 0,225 % |
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General information on the shareholders: UZEL MOTOR N.V. is a foreign company |
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Uzel Holding A.S., Uzel Traktor Sanayi ve Ticaret Ltd.Sti., Uzel Otomotiv
Sistemleri A.S., Uzel Sinai Yatirim A.S. and Agrel Dis Ticaret A.S. are
operating at Uzel group. Some of the companies operating at “Uzel group” are as follows: Agrel Dis Ticaret A.S. Uzel Lojistik ve Satinalma Hizmetleri
A.S. Uzel Sistem A.S Uzel Makina Sanayi A.S. Uzel Park Danismanlik ve Ticaret A.S Uzel Sigorta Aracilik Hizmetleri A.S Uzel Tuketici Finansmani ve Kart Hizmetleri A.S. Uzel Parca Ticaret ve Sanayi A.S. |
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Uzel Uygarlik Vakfi Uzel Otomotiv Sistemleri A.S Uzel Motor Sanayi A.S Pelico Endustries Uzel Skopje Ltd. Uzel Endustri Sanayi ve Uzel Traktor ve Otomotiv Yedek Parca Sanayi Ticaret Ltd Sti Uzel Tarim Makinalari ve Parca Sanayi ve Ticaret A.S. Uzel Emlak Hizmetleri A.S. Uzel Traktor Sanayi ve Ticaret. Ltd. Sti. Uzel Guc Sistemleri Sanayi ve Ticaret A.S. Uzel Savunma ve Havacilik Teknolojileri A.S. Uzel Corporation ( The group has met financial difficulties in the last years. As the
group has difficulty at meeting its liabilities to banks, it has made
agreements with banks to reconstruct the debts. |
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BOARD OF DIRECTORS |
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Mehmet Izzet Kalayci Ahmet Eren Ibrahim Aksoy Ziya Karakurt Emil Ibrahim Onder Uzel |
Chairman Vice-Chairman Member Member Member |
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GENERAL MANAGER |
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Ahmet Eren |
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OPERATIONS
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BUSINESS ACTIVITIES |
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Trade of engines and engine parts |
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SECTOR |
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Commerce |
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NUMBER OF EMPLOYEES |
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6 |
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NET SALES |
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n.a. |
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In 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 COUTRIES |
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MERCHANDISE IMPORTED |
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Engine |
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EXPORT COUNTRIES |
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MERCHANDISE EXPORTED |
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Rubber, screw, bolt, iron, steel, engines… |
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PREMISES |
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Head Office: Akpinar Mah. Malkocoglu Cad. No: 10 Kartal Branch: |
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COMMERCIAL MORALITY |
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Good |
FINANCE
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MAIN DEALING BANKERS |
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T. Is Bankasi Maslak Kurumsal branch in |
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PAYMENT BEHAVIOUR |
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No complaints have been heard regarding payments from the bank. According to the official registries between 01.01.2000-15.07.2007,
there are no protested bills and non-paid cheques registered in the former
names (Uzel Motor Sanayi ve Ticaret A.S.), (Uzel-Deutz Motor Sanayi ve
Ticaret A.S.) or the current name (Uzel Motor Sanayi A.S.) of the subject
company. |
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. |
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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.-31.07.2007) |
3,05 % |
1.3633 |
1.8196 |
2.6989 |
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. |
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%)