MIRA
INFORM REPORT
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Report Date : |
15.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
AKADEMI PASLANMAZ URUNLERI SANAYI TICARET LTD STI |
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Registered Office : |
Seyitnizam Mah. Demirciler Sitesi 2. Cadde No:12 Zeytinburnu Istanbul |
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Country : |
Turkey |
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Financials (as on) : |
30.09.2007 |
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Date of Incorporation : |
11.09.2007 |
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Com. Reg. No.: |
638403 |
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Legal Form : |
Limited Company |
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Line of Business : |
Trade of stainless steel and iron products |
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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AKADEMI PASLANMAZ URUNLERI SANAYI TICARET LTD STI |
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ADDRESS |
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Head Office: Seyitnizam Mah. Demirciler
Sitesi 2. Cadde No:12 Zeytinburnu Istanbul / Turkey |
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PHONE NUMBER |
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90-212-679 07 07 |
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FAX NUMBER |
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90-212-547 02 61 |
LEGAL STATUS AND HISTORY
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TAX OFFICE / NO |
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Davutpasa / 0110546240 |
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REGISTRATION NUMBER |
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638403 |
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REGISTERED OFFICE |
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Istanbul Chamber of Commerce |
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DATE ESTABLISHED |
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11.09.2007(Commercial Registry Gazette Date/No:
17.09.2007/6896) |
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LEGAL FORM |
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Limited Company |
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TYPE OF COMPANY |
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Private |
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REGISTERED CAPITAL |
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YTL 500,000 |
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HISTORY |
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The registered capital was increased from
YTL 100,000 to YTL 500,000 on 11.12.2007. |
OWNERSHIP / MANAGEMENT
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SHAREHOLDERS |
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Tuncer Altun Nazli Marasli |
98 % 2
% |
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SISTER COMPANIES |
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-Engin Boru Sanayi ve Ticaret A.S. |
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GROUP PARENT COMPANY |
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None |
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SUBSIDIARIES |
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None |
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DIRECTORS |
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Tuncer Altun |
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OPERATIONS
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BUSINESS
ACTIVITIES |
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Trade of stainless steel and iron products The subject company was established on
11.09.2007, but it started active operation in October 2007. |
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SECTOR |
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Commerce |
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NUMBER OF
EMPLOYEES |
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3 |
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NET SALES |
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None |
(11.09-30.09.2007) |
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CAPACITY |
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None |
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PRODUCTION |
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None |
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IMPORT COUNTRIES |
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India, Taiwan |
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MERCHANDISE
IMPORTED |
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Stainless steel and iron products |
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EXPORT |
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The subject has not performed any export
activities yet. |
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PREMISES |
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Head Office: Seyitnizam Mah. Demirciler
Sitesi 2. Cadde No:12 Zeytinburnu Istanbul |
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FIXED CAPITAL
INVESTMENTS |
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None |
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TREND OF BUSINESS : Undetermined, recent establishment.
COMMERCIAL MORALITY : Undetermined, recent establishment.
FINANCE
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MAIN DEALING BANKERS |
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Yapi Kredi Bankasi Demirciler Sitesi
branch in Istanbul Fortisbank Demirciler Sitesi branch in
Istanbul |
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PAYMENT BEHAVIOUR |
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No complaints have been heard regarding
payments from banks. According to the official registries since
its establishment on 11.09.2007 until 15.10.2007, there are no protested
bills and non-paid cheques registered in the name of “Akademi Paslanmaz”. However, it has to be
noted that the subject started active operation in October 2007. |
COMMENT ON FINANCIAL POSITION
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GENERAL
FINANCIAL POSITION |
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As the firm had no sales, it had operating and net loss between 11.09-30.09.2007. |
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Incr. in
producers’ price index |
Average YTL/$ |
Average YTL/EUR |
Average YTL/GBP |
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(1.1.-30.09.2007) |
4.98 % |
1.3447 |
1.8084 |
2.6720 |
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(1.1.-30.11.2007) |
5.78 % |
1.3190 |
1.7961 |
2.6363 |
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INCOME STATEMENTS |
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YTL |
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11.09-30.09.2007 |
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Net Sales |
0 |
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Cost of
Goods Sold |
0 |
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Gross Profit |
0 |
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Operating
Expenses |
6.946 |
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Operating Profit |
-6.946 |
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Other
Income |
0 |
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Other
Expenses |
0 |
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Financial
Expenses |
0 |
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Profit (loss) Before Tax |
-6.946 |
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Tax
Payable |
0 |
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Net Profit (loss) |
-6.946 |
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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%)