MIRA
INFORM REPORT
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Report Date : |
12.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
ARI TEKSTIL TICARET VE SANAYI LTD.STI. |
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Registered Office : |
Telsiz Mah. Leylak Sok. Zemin Kat
No: 26 Zeytinburnu – Istanbul |
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Country : |
Turkey |
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Date of Incorporation : |
26.10.1995 |
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Com. Reg. No.: |
336577 |
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Legal Form : |
Limited Company |
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Line of Business : |
Dying and Trade of Knitted Fabric |
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 |
: |
ARI TEKSTIL TICARET VE SANAYI LTD.STI. |
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ADDRESS |
: |
Head Office: Telsiz Mah. Leylak Sok. Zemin
Kat No: 26 Zeytinburnu – Istanbul / Turkey |
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PHONE NUMBER |
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90-212-679 53 76 (pbx) |
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FAX NUMBER |
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90-212-665 93 07 |
LEGAL STATUS AND HISTORY
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TAX NO |
: |
0740056762 |
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REGISTRATION NUMBER |
: |
336577 |
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REGISTERED OFFICE |
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Istanbul Chamber of Commerce |
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DATE ESTABLISHED |
: |
26.10.1995 (Commercial Registry Gazette
Date/No: 31.10.1995 / 3904) |
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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 |
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YTL 2,250,000 |
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HISTORY |
: |
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Previous
Registered Capital |
: YTL 500,000 |
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Regist. Capital
Changed on |
: 22.12.2003 (Commercial Registry Gazette
Date/No: 25.12.2003/5954) |
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Previous
Registered Capital |
: YTL 1,450,000 |
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Regist. Capital
Changed on |
: 20.01.2004 (Commercial Registry Gazette
Date/No: 23.01.2004/5974) |
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OWNERSHIP / MANAGEMENT
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SHAREHOLDERS |
: |
Ahmet Ari Osman Ari |
50 % 50 % |
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DIRECTORS |
: |
Ahmet Ari Osman Ari |
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OPERATIONS
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BUSINESS
ACTIVITIES |
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Dying and trade of knitted fabric |
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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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5,475
(Tons/Yr) |
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EXPORT |
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None |
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PREMISES |
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Head Office: Telsiz Mah. Leylak Sok. Zemin
Kat No: 26 Zeytinburnu – Istanbul Dye-House: Cerkezkoy Organize Sanayi
Bolgesi Cerkezkoy – Tekirdag (8,000 sqm covered area over a land of 38,000
sqm) |
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FINANCE
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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.-31.03.2008) |
6.26 % |
1.2033 |
1.8179 |
2.3972 |
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%)