MIRA
INFORM REPORT
|
Report Date : |
08.11.2007 |
IDENTIFICATION
DETAILS
|
Name : |
FERINOX PASLANMAZ CELIK SANAYI VE TICARET A.S. |
|
|
|
|
Registered Office : |
Boya ve Vernik Org. Aydinli Mah. Tem Yanyol Uzeri 1. Cadde No:35 Tuzla
– Istanbul |
|
|
|
|
Country : |
Turkey |
|
|
|
|
Date of Incorporation : |
26.12.2000 |
|
|
|
|
Com. Reg. No.: |
451030 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacture and trade of bath and kitchen accessories
made of stainless steel. |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
COMPANY IDENTIFICATION
|
|
NAME |
: |
FERINOX PASLANMAZ CELIK SANAYI VE TICARET A.S. |
|
ADDRESS |
: |
Head Office/Production Plant: Boya ve
Vernik Org. Aydinli Mah. Tem Yanyol Uzeri 1. Cadde No:35 Tuzla – Istanbul /
Turkey |
|
PHONE NUMBER |
: |
90-216-593 07 85 |
|
FAX NUMBER |
: |
90-216-593 07 92 |
LEGAL STATUS AND HISTORY
|
|
TAX OFFICE / NO |
: |
Anadolu Kurumlar / 3850204168 |
|
|
|
REGISTRATION NUMBER |
: |
451030 |
|
|
|
REGISTERED OFFICE |
: |
Istanbul Chamber of Commerce |
|
|
|
DATE ESTABLISHED |
: |
26.12.2000 (Commercial Registry Gazette
Date/No: 08.01.2001 / 5209) |
|
|
|
LEGAL FORM |
: |
Joint Stock Company |
|
|
|
TYPE OF COMPANY |
: |
Private |
|
|
|
REGISTERED CAPITAL |
: |
YTL 4,293,792.80 |
|
|
|
HISTORY |
: |
|
|
|
|
|
|
Previous Registered
Capital |
: YTL 1,650,500 |
|
|
|
|
Regist. Capital Changed on |
: 29.12.2006 (Commercial Registry Gazette
Date/No: 09.01.2007 / 6719) |
|
OWNERSHIP / MANAGEMENT
|
|
SHAREHOLDERS |
: |
Mer Investments Ltd (UK) Melih Tanju Akyazi Osman Sinan Maro Rana Kulaksizoglu Mehmet Ziya Tunc |
|
BOARD OF DIRECTORS |
: |
Melih Tanju Akyazi Osman Sinan Maro Rana Kulaksizoglu Mehmet Ziya Tunc |
OPERATIONS
|
|
BUSINESS
ACTIVITIES |
: |
Manufacture and trade of bath and kitchen
accessories made of stainless steel. |
|
|
NET SALES |
: |
N.A. |
|
|
|
|
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. |
|
|
EXPORT VALUE |
: |
None |
|
|
PREMISES |
: |
Head Office/Production Plant: Boya ve
Vernik Org. Aydinli Mah. Tem Yanyol Uzeri 1. Cadde No:35 Tuzla – Istanbul |
|
|
COMMERCIAL MORALITY |
: |
Good |
FINANCE
|
|
PAYMENT BEHAVIOUR |
: |
According
to the official registries since its establishment on 26.12.2000 until
30.09.2007, there are no protested bills and non-paid cheques registered in
the name of “Ferinox Paslanmaz” |
COMMENT ON FINANCIAL POSITION
|
|
GENERAL
FINANCIAL POSITION |
|
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. |
|
|
Incr. in
producers’ price index |
Average YTL/$ |
Average YTL/EUR |
Average YTL/GBP |
|
(2006) |
11.58 % |
1.4309 |
1.7987 |
2.6377 |
|
(1.1.-31.10.2007) |
4.84 % |
1.3308 |
1.7999 |
2.6527 |
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)