MIRA
INFORM REPORT
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Report Date : |
28.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
ASLAN TEKSTIL INSAAT TURIZM SANAYI VE TICARET
A.S. |
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Registered Office : |
Savaklar Mevkii Muezzin Mehmetbey Sk. No:16 K:2 Eyup – Istanbul |
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Country : |
Turkey |
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Date of Incorporation : |
17.05.1996 |
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Com. Reg. No.: |
346797 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Trade of yarn |
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 |
NOTE
The registered address of “ASLAN TEKSTIL INSAAT TURIZM SANAYI VE TICARET
A.S.” is “Savaklar Mevkii Muezzin Mehmetbey Sk. No:16 K:2 Eyup – Istanbul”
COMPANY IDENTIFICATION
|
NAME |
: |
ASLAN TEKSTIL INSAAT TURIZM SANAYI VE TICARET
A.S. |
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ADDRESS |
: |
Head Office: Savaklar Mevkii Muezzin
Mehmetbey Sk. No:16 K:2 Eyup – Istanbul / Turkey |
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PHONE NUMBER |
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90-212-532 97 70 |
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FAX NUMBER |
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90-212-532 97 08 |
LEGAL STATUS AND HISTORY
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TAX NO |
: |
0890060421 |
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REGISTRATION NUMBER |
: |
346797 |
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REGISTERED OFFICE |
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Istanbul Chamber of Commerce |
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DATE ESTABLISHED |
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17.05.1996 (Commercial Registry Gazette Date/No:
29.05.1996 / 4047) |
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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 1,700,000 |
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HISTORY |
: |
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Previous Name |
: ASLAN TEKSTIL INSAAT
SANAYI VE TICARET A.S. |
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Name Changed On |
: 15.05.2000 (Commercial Registry Gazette
Date/No: 18.05.2000 / 5048) |
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Previous
Registered Capital |
: YTL 1,000,000 |
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Regist. Capital Changed on |
: 09.06.2006 (Commercial Registry Gazette
Date/No: 14.06.2006 / 6577) |
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Previous Address |
: Keresteciler Sitesi Fatih Cad. Akcay Sk.
No: 18/3 Merter, Gungoren – Istanbul |
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Address Changed On |
: 10.01.2005 (Commercial Registry Gazette
Date/No: 13.01.2005 / 6219) |
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Previous Address |
: Balipasa Cad. No:97 K:5 Fatih – Istanbul |
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Address Changed On |
: 16.08.2007 (Commercial Registry Gazette
Date/No: 21.08.2007 / 6878) |
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OWNERSHIP / MANAGEMENT
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SHAREHOLDERS |
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Mehmet Ali Aslan Guleser Aslan Fidan Aslan Mehmet Koseli Others |
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SISTER COMPANIES |
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-Er-Ar Tekstil Dis Ticaret A.S. -Tekno Tekstil Ticaret ve Sanayi Ltd. Sti. -Asrey Insaat Sanayi ve Ticaret Ltd. Sti. |
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BOARD OF DIRECTORS |
: |
Mehmet Ali Aslan Guleser Aslan Fidan Aslan Mehmet Koseli |
Chairman Vice-Chairman Member Member |
OPERATIONS
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BUSINESS
ACTIVITIES |
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Trade of yarn |
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SECTOR |
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Commerce |
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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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CAPACITY |
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None |
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PRODUCTION |
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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: Savaklar Mevkii Muezzin Mehmetbey
Sk. No:16 K:2 Eyup – Istanbul |
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COMMERCIAL MORALITY : Good
FINANCE
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PAYMENT BEHAVIOUR |
: |
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
“Aslan Tekstil” |
COMMENT ON FINANCIAL POSITION
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GENERAL
FINANCIAL POSITION |
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The firm was profitable in 2006. At the General Assembly Meeting dated
14.08.2007, it has been decided to distribute 5 % of profit of 2006. However general financial position
is 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 : 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.-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%)