MIRA INFORM REPORT
|
Report Date : |
17.12.2008 |
IDENTIFICATION
DETAILS
|
Name : |
PINTEKS MUMESSILLIK LTD. STI. |
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Registered Office : |
Halil Rifat Pasa Mah. Perpa Ticaret Merkezi A Blok Kat:11 No:1651 Okmeydani Sisli |
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Country : |
Turkey |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
27.04.2005 |
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Com. Reg. No.: |
552682 |
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Legal Form : |
Limited Company |
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Line of Business : |
Representation and trade of Textile Machinery Spare Parts |
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 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY IDENTIFICATION
|
NAME |
: |
PINTEKS MUMESSILLIK LTD. STI. |
|
ADDRESS |
: |
Head Office/Warehouse: Halil Rifat Pasa
Mah. Perpa Ticaret Merkezi A Blok
Kat:11 No:1651 Okmeydani
Sisli-Istanbul / Turkey |
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PHONE NUMBER |
: |
90-212-320 90 15 |
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FAX NUMBER |
: |
90-212-320 90 48 |
LEGAL STATUS AND HISTORY
|
TAX OFFICE / NO |
: |
Sisli / 7300300372 |
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REGISTRATION NUMBER |
: |
552682 |
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REGISTERED OFFICE |
: |
Istanbul Chamber of Commerce |
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DATE ESTABLISHED |
: |
27.04.2005 (Commercial Registry Gazette Date/No:
03.05.2005/6295) |
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LEGAL FORM |
: |
Limited Company |
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TYPE OF COMPANY |
: |
Private |
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REGISTERED CAPITAL |
: |
YTL 50.000 |
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PAID-IN CAPITAL |
: |
YTL 50.000 |
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HISTORY |
: |
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Previous Shareholders |
:Kazim Erdogan (50 %) Murat Avci (50 %) |
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Shareholders Changed On |
:16.04.2008 (Commercial Registry Gazette
Date/No: 21.04.2008/7046) |
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OWNERSHIP / MANAGEMENT
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SHAREHOLDERS |
: |
Murat Avci Gulsune Avci |
90 % 10 % |
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GROUP PARENT COMPANY |
: |
None |
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SISTER COMPANIES |
: |
Declared to be: None |
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SUBSIDIARIES |
: |
None |
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DIRECTORS |
: |
Murat Avci |
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OPERATIONS
|
BUSINESS
ACTIVITIES |
: |
Representation and trade of textile
machinery spare parts The firm which was established on
27.04.2005, has started active operation in 2008. |
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SECTOR |
: |
Commerce |
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REPRESENTATIVE
OF |
: |
Pinter (Spain) Texparts (Germany) Epic (USA) Fa.Ni (Italy) Inspiron (India) Lrt (India) Simta (India) |
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NUMBER OF
EMPLOYEES |
: |
4 |
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NET SALES |
: |
(YTL) 0 0 152.696 |
(2006) (2007) (01.01.-30.09.2008) |
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REMARKS ON NET
SALES |
: |
The firm which was established on
27.04.2005, has started active operation in 2008. |
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CAPACITY |
: |
None |
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PRODUCTION |
: |
None |
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IMPORT VALUE |
: |
(EUR) 169.000 |
(01.01.-30.11.2008) |
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IMPORT COUNTRIES |
: |
Spain, Germany, USA, Italy, India |
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MERCHANDISE
IMPORTED |
: |
Spare parts of textile machineries |
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PREMISES |
: |
Head Office/Warehouse: Halil Rifat Pasa
Mah. Perpa Ticaret Merkezi A Blok
Kat:11 No:1651 Okmeydani
Sisli-Istanbul (rented) |
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FIXED CAPITAL
INVESTMENTS |
: |
None |
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TREND OF BUSINESS |
: |
The firm which was established on 27.04.2005,
has started active operation in 2008. |
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SIZE OF BUSINESS |
: |
Very small |
FINANCE
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MAIN DEALING BANKERS |
: |
Akbank Perpa branch in Istanbul Yapi Ve Kredi Bankasi Perpa branch in
Istanbul |
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CREDIT FACILITIES |
: |
No credit facility has come to our
knowledge. |
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PAYMENT BEHAVIOUR |
: |
No payment delays have come to our knowledge. |
COMMENT ON FINANCIAL POSITION
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FINANCIAL
STRUCTURE (SUFFICENCY OF OWN RESOURCES) |
|
YTL 75.444 of total liabilities and equity was due to loans from
shareholders but the subject had negative stockholders’ equity as of
31.12.2007. |
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LIQUIDITY |
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Liquidity may be regarded as being good as of 31.12.2007 disregarding
“loans from shareholders” from “current liabilities”. |
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PROFITABILITY |
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The firm which has started active operation in 2008, had operating and
net losses in 2007. Profitability was good between 01.01.-30.09.2008. |
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GENERAL
FINANCIAL POSITION |
|
Poor |
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Incr. in
producers’ price index |
Average YTL/$ |
Average YTL/EUR |
Average YTL/GBP |
|
(2006) |
11.58 % |
1.4309 |
1.7987 |
2.6377 |
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(2007) |
5.94 % |
1.3075 |
1.7901 |
2.6133 |
|
(1.1.-30.09.2008) |
11.48 % |
1.2146 |
1.8490 |
2.3755 |
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(1.1.-30.11.2008) |
12.08 % |
1.2682 |
1.8727 |
2.3877 |
BALANCE
SHEETS
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YTL |
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31.12.07 |
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CURRENT ASSETS |
57.567 |
|
0,96 |
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Cash and
Banks |
40.945 |
|
0,68 |
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Marketable
Securities |
0 |
|
0,00 |
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Account
Receivable |
0 |
|
0,00 |
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Other
Receivable |
0 |
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0,00 |
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Inventories |
0 |
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0,00 |
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Advances
Given |
0 |
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0,00 |
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Other
Current Assets |
16.622 |
|
0,28 |
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NON-CURRENT ASSETS |
2.212 |
|
0,04 |
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Long-term
Receivable |
0 |
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0,00 |
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Financial
Assets |
0 |
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0,00 |
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Tangible
Fixed Assets (net) |
2.116 |
|
0,04 |
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Intangible Assets |
0 |
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0,00 |
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Other
Non-Current Assets |
96 |
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0,00 |
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TOTAL ASSETS |
59.779 |
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1,00 |
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CURRENT LIABILITIES |
85.735 |
|
1,43 |
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Financial
Loans |
0 |
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0,00 |
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Accounts Payable |
0 |
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0,00 |
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Loans
from Shareholders |
75.444 |
|
1,26 |
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Other
Short-term Payable |
8.572 |
|
0,14 |
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Advances
from Customers |
0 |
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0,00 |
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Taxes
Payable |
1.719 |
|
0,03 |
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Provisions |
0 |
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0,00 |
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Other
Current Liabilities |
0 |
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0,00 |
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LONG-TERM LIABILITIES |
0 |
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0,00 |
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Financial
Loans |
0 |
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0,00 |
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Securities Issued |
0 |
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0,00 |
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Long-term
Payable |
0 |
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0,00 |
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Loans
from Shareholders |
0 |
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0,00 |
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Other
Long-term Liabilities |
0 |
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0,00 |
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Provisions |
0 |
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0,00 |
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STOCKHOLDERS' EQUITY |
-25.956 |
|
-0,43 |
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Paid-in
Capital |
50.000 |
|
0,84 |
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Reserves |
0 |
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0,00 |
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Revaluation Fund |
0 |
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0,00 |
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Accumulated Losses(-) |
-18.904 |
|
-0,32 |
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Net
Profit (loss) |
-57.052 |
|
-0,95 |
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TOTAL LIABILITIES AND EQUITY |
59.779 |
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1,00 |
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INCOME
STATEMENTS
|
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YTL |
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YTL |
|
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|
2007 |
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|
1.1.-30.09.2008 |
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Net Sales |
0 |
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|
152.696 |
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1,00 |
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Cost of
Goods Sold |
0 |
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|
81.827 |
|
0,54 |
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Gross Profit |
0 |
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|
70.869 |
|
0,46 |
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Operating
Expenses |
65.952 |
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|
58.261 |
|
0,38 |
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Operating Profit |
-65.952 |
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|
12.608 |
|
0,08 |
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Other
Income |
14.013 |
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|
2.579 |
|
0,02 |
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Other
Expenses |
5.113 |
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|
5.582 |
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0,04 |
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Financial
Expenses |
0 |
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|
67 |
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0,00 |
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Profit (loss) Before Tax |
-57.052 |
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|
9.538 |
|
0,06 |
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Tax
Payable |
0 |
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|
0 |
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0,00 |
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Net Profit (loss) |
-57.052 |
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|
9.538 |
|
0,06 |
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FINANCIAL
RATIOS
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2007 |
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1.1.-30.09.2008 |
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LIQUIDITY RATIOS |
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Current Ratio |
0,67 |
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-- |
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Acid-Test Ratio |
0,48 |
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-- |
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ASSET STRUCTURE RATIOS |
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Inventory/Total Assets |
0,00 |
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-- |
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Short-term Receivable/Total Assets |
0,00 |
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-- |
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Tangible Assets/Total Assets |
0,04 |
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-- |
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TURNOVER RATIOS |
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Inventory Turnover |
-- |
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-- |
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Stockholders' Equity Turnover |
0,00 |
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|
-- |
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Asset Turnover |
0,00 |
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-- |
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FINANCIAL STRUCTURE |
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Stockholders' Equity/Total Assets |
-0,43 |
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|
-- |
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Current Liabilities/Total Assets |
1,43 |
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|
-- |
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Financial Leverage |
1,43 |
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|
-- |
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PROFITABILITY RATIOS |
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Net Profit/Stockholders' Eq. |
2,20 |
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|
-- |
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Operating Profit Margin |
-- |
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|
0,08 |
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Net Profit Margin |
-- |
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|
0,06 |
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COLLECTION-PAYMENT |
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Average Collection Period (days) |
-- |
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-- |
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Average Payable Period (days) |
-- |
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-- |
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FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.82 |
|
UK Pound |
1 |
Rs.73.08 |
|
Euro |
1 |
Rs.65.56 |
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%)