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MIRA
INFORM REPORT
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Report Date : |
15.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
CETIN CIVATA SANAYI VE TICARET A.S. |
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Registered Office : |
Muratbey Koyu Yolu Uzeri Tasocaklari Mevkii No:17 Catalca – Istanbul |
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Country : |
Turkey |
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Date of Incorporation : |
12.11.1976 |
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Com. Reg. No.: |
142659 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and trade of bolt, screw and
fasteners |
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 |
: |
CETIN CIVATA SANAYI VE TICARET A.S. |
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ADDRESS |
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Head Office/Production Plant: Muratbey Koyu
Yolu Uzeri Tasocaklari Mevkii No:17 Catalca – Istanbul / Turkey |
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PHONE NUMBER |
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90-212-778 11 00 |
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FAX NUMBER |
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90-212-778 11 09 |
LEGAL STATUS AND HISTORY
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TAX NO |
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2450006683 |
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REGISTRATION NUMBER |
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142659 |
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REGISTERED OFFICE |
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Istanbul Chamber of Commerce |
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DATE ESTABLISHED |
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12.11.1976 |
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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 4,200,000 |
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HISTORY |
: |
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Previous
Registered Capital |
: YTL 1,400,000 |
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Regist. Capital Changed on |
: 15.05.2007 (Commercial Registry Gazette
Date/No: 18.05.2007 / 6811) |
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OWNERSHIP / MANAGEMENT
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SHAREHOLDERS |
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Mustafa Necati Tecdelioglu Abdullah Tecdelioglu Cetin Tecdelioglu Isil Turfanda Unsal Aksogan |
22 % |
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GROUP |
: |
Bogazici Group of companies: Some of the companies operating within
Bogazici Group are as follows: -Cetin Civata Sanayi ve Ticaret A.S. -Cetin Civata ve
Sanayi Mamulleri Pazarlama Ltd. Sti. -Aidata Bilgisayar Sistemleri Ticaret ve
Sanayi Ltd. Sti. -Tekno Baglanti
Elemanlari Pazarlama ve Ticaret Ltd Sti -Tekno Metal Kaplama
Sanayi ve Ticaret Ltd Sti -Oztec Elektronik
Sanayi ve Ticaret A.S. -Ortek Ithalat
Ihracat Sanayi Mamulleri Pazarlama Ltd Sti -Tecpro Bilgi
Teknolojileri Ticaret ve Sanayi Ltd Sti -Multitec Bilisim
Teknolojileri Ticaret ve Sanayi A.S. -Bogazici Bilgisayar Ticaret Ve Sanayi
A.S. |
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BOARD OF DIRECTORS |
: |
Mustafa Necati Tecdelioglu Abdullah Tecdelioglu Cetin Tecdelioglu |
Chairman Vice-Chairman Member |
OPERATIONS
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BUSINESS
ACTIVITIES |
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Manufacture and trade of bolt, screw and
fasteners |
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NUMBER OF
EMPLOYEES |
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100 |
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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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EXPORT COUNTRIES |
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Libya, Macedonia, Azerbaijan, Bulgaria, Austria,
Finland, Sweden, Ireland, Germany, Iran, Syria, Lebanon, Northern Cyprus
Turkish Republic… |
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MERCHANDISE
EXPORTED |
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Screws, bolts |
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PREMISES |
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Head Office/Production Plant: Muratbey Koyu
Yolu Uzeri Tasocaklari Mevkii No:17 Catalca – Istanbul |
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COMMERCIAL MORALITY : Good
FINANCE
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PAYMENT BEHAVIOUR |
: |
According to the official
registries between 01.01.2000-15.09.2007, there are no protested bills and non-paid
cheques registered in the name of
“Cetin Civata” |
COMMENT ON FINANCIAL POSITION
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GENERAL
FINANCIAL POSITION |
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The subject was profitable in 2006. At the General Assembly Meeting
dated 28.04.2007, the profit is decided to be kept as retained earnings at
the company. |
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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.-30.09.2007) |
4.98 % |
1.3447 |
1.8084 |
2.6720 |
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%)