MIRA
INFORM REPORT
|
Report Date : |
13.11.2007 |
IDENTIFICATION
DETAILS
|
Name : |
BABACANTEKS ORME PAZARLAMA VE SANAYI TICARET LTD STI |
|
|
|
|
Registered Office : |
1. Organize Sanayi Bolgesi 2. Cadde Merkez
Malatya |
|
|
|
|
Country : |
Turkey |
|
|
|
|
Date of Incorporation : |
March 2003 |
|
|
|
|
Com. Reg. No.: |
10910 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Manufacture, dying and trade of raw fabric |
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 |
: |
BABACANTEKS ORME PAZARLAMA VE SANAYI TICARET LTD STI |
|
ADDRESS |
: |
Head Office & Production Plant & Dying
Plant: 1. Organize Sanayi Bolgesi 2. Cadde Merkez Malatya / Turkey The subject company has moved from “1.
Organize Sanayi Bolgesi 5. Cadde Merkez Malatya” to “1. Organize Sanayi
Bolgesi 2. Cadde Merkez Malatya”.However, the new address has not been registered
at Commercial Registry yet. Liaison Office: Keresteciler Sitesi Savas
Cad. No:11/3 Merter Istanbul / Turkey |
|
PHONE NUMBER |
: |
90-422-237 51 42 90-212-637 65 44 |
|
FAX NUMBER |
: |
90-422-237 51 87 90-212-637 59 77 |
LEGAL STATUS AND HISTORY
|
TAX NO |
: |
1280290918 |
|
|
|
REGISTRATION NUMBER |
: |
10910 |
|
|
|
REGISTERED OFFICE |
: |
Malatya Chamber of Commerce and Industry |
|
|
|
DATE ESTABLISHED |
: |
March 2003 (Commercial Registry Gazette
Date/No: 02.04.2003/5769) |
|
|
|
LEGAL FORM |
: |
Limited Company |
|
|
|
TYPE OF COMPANY |
: |
Private |
|
|
|
REGISTERED CAPITAL |
: |
YTL 3,500,000 |
|
|
|
HISTORY |
: |
|
|
|
|
|
|
Previous
Registered Capital |
: YTL 35,000 |
|
|
|
|
Regist. Capital
Changed on |
:20.02.2004 (Commercial Registry Gazette
Date/No: 25.02.2004/5994) |
|
|
|
|
Previous
Registered Capital |
:YTL 350,000 |
|
|
|
|
Regist. Capital
Changed on |
:18.08.2005 (Commercial Registry Gazette
Date/No: 24.08.2005/6375) |
|
|
|
|
Previous Registered
Capital |
:YTL 1,350,000 |
|
|
|
|
Regist. Capital
Changed on |
:13.02.2007 (Commercial Registry Gazette
Date/No: 21.02.2007/6750) |
|
OWNERSHIP / MANAGEMENT
|
SHAREHOLDERS |
: |
Bekir Babacan Ali Babacan Ramazan Babacan Mehmet Babacan Abuzer Babacan Abdullah Babacan |
68 % 12 % 11 % 4 % 3 % 2 % |
|
DIRECTORS |
: |
Bekir Babacan Ali Babacan Ramazan Babacan |
|
OPERATIONS
|
BUSINESS
ACTIVITIES |
: |
Manufacture, dying and trade of raw fabric |
|
|
SECTOR |
: |
Textile |
|
|
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 |
: |
None |
|
|
PREMISES |
: |
Head Office&Production Plant&Dying
Plant: 1. Organize Sanayi Bolgesi 2. Cadde Merkez Malatya Liaison Office: Keresteciler Sitesi Savas
Cad. No:11/3 Merter Istanbul |
|
|
FIXED CAPITAL
INVESTMENTS |
: |
None |
|
COMMERCIAL MORALITY : Good
FINANCE
|
PAYMENT BEHAVIOUR |
: |
According to the official
registries since its establishment on 27.03.2003 until 30.09.2007, there are
no protested bills and non-paid cheques registered in the name of “Babacanteks Orme” |
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. |
CREDIT OPINION
|
|
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%)