MIRA
INFORM REPORT
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Report Date : |
09.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
BORKIM BORU PROFIL FILMASIN VE KIMYASAL URUNLERI SANAYI VE TICARET LTD STI |
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Registered Office : |
Velikoy Oksuzce Ciftligi Mevkii
Cerkezkoy Tekirdag |
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Country : |
Turkey |
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Date of Incorporation : |
09.03.2000 |
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Com. Reg. No.: |
1431 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacture and Trade of Welding Consumables |
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 |
: |
BORKIM BORU PROFIL FILMASIN VE KIMYASAL URUNLERI
SANAYI VE TICARET LTD STI |
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ADDRESS |
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Head Office&Prodction Plant: Velikoy
Oksuzce Ciftligi Mevkii Cerkezkoy
Tekirdag / Turkey Administrative Office: Okcu Musa Cad.
Sezgul Ishani No:2 Kat:6 Sishane Istanbul / Turkey |
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PHONE NUMBER |
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90-282-747 70 30 90-212-253 05 01 |
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FAX NUMBER |
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90-282-747 70 40 90-212-253 05 88 |
LEGAL STATUS AND HISTORY
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TAX NO |
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1800138627 |
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REGISTRATION NUMBER |
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1431 |
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REGISTERED OFFICE |
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Cerkezkoy Chamber of Commerce |
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DATE ESTABLISHED |
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09.03.2000 (Commercial Registry Gazette Date/No:
15.03.2000/5004) |
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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 2,500,000 |
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HISTORY |
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Previous Registered Capital |
:YTL 5,000 |
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Regist. Capital Changed on |
:08.05.2006 (Commercial Registry Gazette
Date/No: 12.05.2006/6555) |
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Previous Shareholders |
:Nami Uyel (60 %) Ayhan Ay (40 %) |
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Shareholders Changed On |
:20.04.2006 (Commercial Registry Gazette
Date/No: 01.05.2006/6546) |
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Other Historical Events |
: The subject was firstly established in
Istanbul and registered at Istanbul Commercial Registry with registration
number 434772.Then the company moved to Cerkezkoy Tekirdag and registered at
Cerkezkoy Commercial Registry with registration no: 1431. |
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OWNERSHIP / MANAGEMENT
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SHAREHOLDERS |
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PMT-Power Machinery and Transport Inc Nami Uyel |
99,99 % 0,01 % |
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“PMT-Power Machinery and Transport Inc” is
a foreign company from Canada |
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DIRECTORS |
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Nami Uyel |
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OPERATIONS
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BUSINESS
ACTIVITIES |
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Manufacture and trade of welding
consumables such as shielded metal arc welding electrodes, metal arc welding
electrodes, submerged arc welding wires and fluxes and welding equipments |
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TRADEMARK(S) |
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“Arctech” |
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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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Shielded metal arc welding electrodes Metal arc welding electrodes Submerged arc welding wires Submerged arc welding fluxes Welding Equipment |
16,000 tons/yr 25,000 tons/yr 5,000 tons/yr 3,000 tons/yr 3,600 units/yr |
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EXPORT COUNTRIES |
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Russia, UK, Finland, Qatar, Italy, Germany |
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MERCHANDISE
EXPORTED |
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Welding rod |
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PREMISES |
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Head Office&Prodction Plant: Velikoy
Oksuzce Ciftligi Mevkii Cerkezkoy Tekirdag Administrative Office: Okcu Musa Cad.
Sezgul Ishani No:2 Kat:6 Sishane Istanbul |
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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. |
CREDIT OPINION
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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.-31.01.2008) |
0.42 % |
1.1741 |
1.7303 |
2.3417 |
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%)