MIRA
INFORM REPORT
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Report Date : |
03.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
FTR MAKINA KIMYA METALURJI SANAYI VE TICARET LTD.STI. |
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Registered Office : |
Kavacik Mah. Ozgur Cad. No:31 Beykoz-Istanbul |
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Country : |
Turkey |
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Date of Incorporation : |
22.08.2003 |
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Com. Reg. No.: |
503855 |
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Legal Form : |
Limited Company |
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Line of Business : |
Trade of Machinery and Machinery Parts for Heavy Industry |
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 |
: |
FTR MAKINA KIMYA METALURJI SANAYI VE TICARET LTD.STI. |
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ADDRESS |
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Head Office: Kavacik Mah. Ozgur Cad. No:31
Beykoz-Istanbul / Turkey |
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PHONE NUMBER |
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90-216-322 00 80 |
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FAX NUMBER |
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90-216-322 50 40 |
LEGAL STATUS AND HISTORY
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TAX OFFICE / NO |
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Beykoz / 3880413000 |
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REGISTRATION NUMBER |
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503855 |
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REGISTERED OFFICE |
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Istanbul Chamber of Commerce |
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DATE ESTABLISHED |
: |
22.08.2003 (Commercial Registry Gazette
Date/No:27.08.2003/5872) |
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LEGAL FORM |
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Limited Company |
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TYPE OF COMPANY |
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Private |
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REGISTERED CAPITAL |
: |
YTL 25,000 |
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HISTORY |
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The firm moved to “Kavacik Mah. Ozgur Cad.
No:31 Beykoz-Istanbul” on 02.12.2004 (Commercial Registry Gazette Date/No:
09.12.2004/6194) The registered capital was increased from
YTL 10,000 to YTL 25,000 on 07.06.2007 (Commercial Registry Gazette Date/No:
13.06.2007/6829) |
OWNERSHIP / MANAGEMENT
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SHAREHOLDERS |
: |
Mehmet Fatih Trabzon Figen Tinaz |
90 % 10 % |
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GROUP PARENT COMPANY |
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None |
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SUBSIDIARIES |
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None |
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DIRECTORS |
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Mehmet Fatih Trabzon |
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OPERATIONS
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BUSINESS ACTIVITIES |
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Trade of machinery and machinery parts for
heavy industry |
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SECTOR |
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Commerce |
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NUMBER OF
EMPLOYEES |
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7 |
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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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IMPORT COUNTRIES |
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Italy, Belgium, India, Japan… |
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MERCHANDISE
IMPORTED |
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Machinery and machinery parts for heavy
industry |
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EXPORT COUNTRIES |
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India |
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MERCHANDISE
EXPORTED |
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Machinery parts |
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PREMISES |
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Head Office: Kavacik Mah. Ozgur Cad. No:31
Beykoz-Istanbul (rented) There is a rented warehouse in
Beykoz-Istanbul |
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FIXED CAPITAL
INVESTMENTS |
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None |
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FINANCE
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MAIN DEALING BANKERS |
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Yapi ve Kredi Bankasi Kavacik branch in
Istanbul Oyakbank Kavacik branch in Istanbul |
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PAYMENT BEHAVIOUR |
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No payment delays have come to our knowledge. |
COMMENT ON FINANCIAL POSITION
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GENERAL
FINANCIAL POSITION |
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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. |
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Incr. in
producers’ price index |
Average YTL/$ |
Average YTL/EUR |
Average YTL/GBP |
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(2007) |
5.94 % |
1.3075 |
1.7901 |
2.6133 |
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(1.1.-29.02.2008) |
3 % |
1.1768 |
1.7488 |
2.3424 |
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%)