MIRA
INFORM REPORT
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Report Date : |
04.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
AS CANTACILIK SANAYI VE TICARET A.S. |
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Registered Office : |
Dolapdere Caddesi No:207 Kat:1 Sisli Istanbul |
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Country : |
Turkey |
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Date of Incorporation : |
26.02.1974 |
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Com. Reg. No.: |
126365 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and trade of handbags |
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 : |
Moderate |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY IDENTIFICATION
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NAME |
: |
AS CANTACILIK SANAYI VE TICARET A.S. |
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ADDRESS |
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Head Office&Workshop: Dolapdere
Caddesi No:207 Kat:1 Sisli Istanbul / Turkey |
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PHONE NUMBER |
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90-212-230 46 51 |
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FAX NUMBER |
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90-212-230 46 98 |
LEGAL STATUS AND HISTORY
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TAX OFFICE / NO |
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Sisli / 0860013005 |
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REGISTRATION NUMBER |
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126365 |
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REGISTERED OFFICE |
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Istanbul Chamber of Commerce |
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DATE ESTABLISHED |
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26.02.1974 |
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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 50,000 |
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HISTORY |
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Previous
Registered Capital |
:YTL 5,000 |
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Regist. Capital Changed on |
:15.10.2004 (Commercial Registry Gazette
Date/No: 20.10.2004/6161) |
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Previous Address |
: Istiklal Caddesi No:465/A-B-C Beyoglu
Istanbul |
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Address Changed On |
:19.01.2006 (Commercial Registry Gazette Date/No:
24.01.2006/6477) |
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OWNERSHIP / MANAGEMENT
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SHAREHOLDERS |
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Bedros Menoyan Agop Yastirbof Selahattin Erol Yasin Cetin Yorgo Seyisoglu |
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SISTER COMPANIES |
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Declared to be: None |
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GROUP PARENT COMPANY |
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None |
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BOARD OF DIRECTORS |
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Bedros Menoyan Selahattin Erol Yasin Cetin |
Chairman Vice-Chairman Member |
OPERATIONS
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BUSINESS
ACTIVITIES |
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Manufacture and trade of handbags |
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NUMBER OF
EMPLOYEES |
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9 |
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NET SALES |
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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 VALUE |
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None |
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EXPORT VALUE |
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None |
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PREMISES |
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Head Office&Workshop: Dolapdere Caddesi
No:207 Kat:1 Sisli Istanbul / Turkey |
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FIXED CAPITAL
INVESTMENTS |
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None |
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COMMERCIAL MORALITY : Good
FINANCE
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MAIN DEALING BANKERS |
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Ziraat Bankasi Harbiye branch in Istanbul |
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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 01.01.2000-15.10.2007, there are no protested bills and
non-paid cheques registered in the name of
“As Cantacilik” |
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
CREDIT OPINION WITHOUT OBLIGATION : We are of the opinion that, the subject is suitable for dealing on
secured terms for any amount of business in view of the low
amount of capital of the firm and the lack of detailed financial 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.-30.11.2007) |
5.78 % |
1.3190 |
1.7961 |
2.6363 |
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%)