MIRA INFORM REPORT

 

 

Report Date :

15.10.2007

 

IDENTIFICATION DETAILS

 

Name :

AKPINAR CIVATA HIRDAVAT INSAAT TICARET VE SANAYI LTD.STI.

 

 

Registered Office :

Yukari Dudullu Des Sanayi Sitesi 113. Sok. (Emekyemez Sok.) 3/13 Blok No:10 Umraniye-Istanbul

 

 

Country :

Turkey

 

 

Date of Incorporation :

27.12.1997

 

 

Com. Reg. No.:

384626

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Wholesale and retail trade of bolts and other fitting materials.

 

 

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

:

AKPINAR CIVATA HIRDAVAT INSAAT TICARET VE SANAYI LTD.STI.

ADDRESS

:

Head Office / Store: Yukari Dudullu Des Sanayi Sitesi 113. Sok. (Emekyemez Sok.) 3/13 Blok No: 10 Umraniye-Istanbul / Turkey

PHONE NUMBER

:

90-216-420 23 75

FAX NUMBER

:

90-216-313 89 13

 

 

LEGAL STATUS AND HISTORY

 

 

TAX OFFICE / NO

:

Sarigazi / 0330059513

 

REGISTRATION NUMBER

:

384626

 

REGISTERED OFFICE

:

Istanbul Chamber of Commerce

 

DATE ESTABLISHED

:

27.12.1997 (Commercial Registry Gazette Date/No: 02.01.1998/4453)

 

LEGAL FORM

:

Limited Company

 

TYPE OF COMPANY

:

Private

 

REGISTERED CAPITAL

:

YTL 1,000,000

 

HISTORY

:

 

 

 

 

Previous Registered Capital

:YTL 50,000

 

 

Regist. Capital Changed on

: 12.02.2007 (Commercial Registry Gazette

  Date/No: 16.02.2007/6747)

 

 

Previous Address

: Arapcamii Sarizeybek Sok. No:24 Beyoglu

  Karakoy-Istanbul

 

 

Address Changed On

: 16.03.2005 (Commercial Registry Gazette

   Date/No: 23.03.2005/6266)

 

 

OWNERSHIP / MANAGEMENT

 

 

SHAREHOLDERS

 

:

Hasan Karaca

Nazmiye Karaca

 

98 %

2 %

GROUP PARENT COMPANY

 

:

None

DIRECTORS

:

Hasan Karaca

 

 

OPERATIONS

 

 

BUSINESS ACTIVITIES

:

Wholesale and retail trade of bolts and other fitting materials.

 

SECTOR

 

:

Commerce

NUMBER OF EMPLOYEES

:

10

 

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.

 

CAPACITY

:

None

 

PRODUCTION

:

None

 

EXPORT

:

None

 

PREMISES

:

Head Office/Store: Yukari Dudullu Des Sanayi Sitesi 113. Sok.(Emekyemez Sok.) 3/13 Blok No:10 Umraniye-Istanbul (owned by Hasan Karaca)

 

FIXED CAPITAL INVESTMENTS

:

None

 

 

COMMERCIAL MORALITY         :           Good

 

 

FINANCE

 

 

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  “Akpinar Civata”

 

 

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.-30.09.2007)

4.98 %

1.3447

1.8084

2.6720

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions