MIRA
INFORM REPORT
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Report Date : |
14.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
ATLANTIK HALICILIK SNAYI VE TICARET A.S. |
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Registered Office : |
Organize Sanayi Bolgesi 14. Cadde No:35 Melikgazi Kayseri |
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Country : |
Turkey |
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Date of Incorporation : |
1987 |
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Com. Reg. No.: |
14188 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and Trade of Carpet |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 2 million |
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Status : |
Good |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY IDENTIFICATION
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NAME |
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ATLANTIK HALICILIK SNAYI VE TICARET A.S. |
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ADDRESS |
: |
Head Office&Factory: Organize Sanayi
Bolgesi 14. Cadde No:35 Melikgazi Kayseri / Turkey The
address was changed from “Organize Sanayi Bolgesi 17.Cadde No:13 Melikgazi”
to “Organize Sanayi Bolgesi 14. Cadde No:35 Melikgazi” by the Municipality |
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PHONE NUMBER |
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90-352-322 06 70 |
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FAX NUMBER |
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90-352-322 06 69 |
LEGAL STATUS AND HISTORY
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TAX OFFICE / NO |
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Mimar Sinan / 1020041424 |
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REGISTRATION NUMBER |
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14188 |
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REGISTERED OFFICE |
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Kayseri Chamber of Commerce |
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DATE ESTABLISHED |
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1987 |
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LEGAL FORM |
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Joint Stock Company |
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TYPE OF COMPANY |
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Private |
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REGISTERED CAPITAL |
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YTL 1,280,000 |
OWNERSHIP / MANAGEMENT
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SHAREHOLDERS |
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Erbosan Erciyas Boru San ve Tic A.S. Mehmet Ozbiyik Mahmut Ozbiyik Ibrahim Goknar Others |
49 % |
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SISTER COMPANIES |
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Declared to be: -Erbosan Erciyas Boru Sanayii ve Ticaret
A.S. -Isisan Isi Sanayi ve Ticaret A.S. -Kelebek Mobilya Sanayi ve Ticaret A.S. -Degirmencilik Isletmesi A.S. |
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BOARD OF DIRECTORS |
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Mehmet Ozbiyik Mahmut Ozbiyik Ibrahim Goknar Ibrahim Yardimci, Saban Altunbag Mustafa Yilmaz Turktekin Mahmut Ozkan |
Chairman Member Member Member Member Member Member |
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OPERATIONS
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BUSINESS
ACTIVITIES |
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Manufacture and trade of carpet |
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SECTOR |
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Carpet |
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TRADEMARK(S) |
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“Atlantik Hali” |
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NUMBER OF
EMPLOYEES |
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400 |
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NET SALES |
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YTL 30 million |
(2007) |
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The net sales figure of 2007 is declared by
the subject. There is no certification for this figure. |
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CAPACITY |
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(Sqm) 1,000,000 |
(2007) |
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PRODUCTION |
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(Sqm) 850,000 |
(2007) |
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IMPORT VALUE |
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USD 2 million |
(2007) |
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IMPORT COUNTRIES |
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India, New Zealand, Bangladesh, Belgium |
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MERCHANDISE
IMPORTED |
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Machinery parts, dye |
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EXPORT COUNTRIES |
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Nigeria, Germany, Norway, Canada,
Macedonia, Austria, Sweden, Russia, Moldovia, Greece, Finland, Belgium, Portugal,
Germany, Australia, Serbia, Yemen, Lebanon, France… |
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MERCHANDISE
EXPORTED |
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Carpets, … |
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PREMISES |
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Head Office&Factory: Organize Sanayi
Bolgesi 14. Cadde No:35 Melikgazi Kayseri (owned) There are regional directorates in Istanbul,
Ankara, Izmir, Adana |
SIZE OF
BUSINESS : Large
FINANCE
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MAIN DEALING BANKERS |
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T.Is Bankasi Kayseri branch in Kayseri Oyakbank Kayseri branch in Kayseri |
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PAYMENT BEHAVIOUR |
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No payment delays have come to our knowledge. |
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KEY FINANCIAL ELEMENTS |
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Net Sales Profit (Loss) Before Tax Stockholders’ Equity Total Assets |
(2007) (YTL) 30 million 3,5 million 16 million 34 million |
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The financial figures of 2007 are declared
by the subject. There is no certification for these figures. |
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COMMENT ON FINANCIAL POSITION
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FINANCIAL
STRUCTURE (SUFFICENCY OF OWN RESOURCES) |
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In order |
As of 31.12.2007 |
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PROFITABILITY |
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High |
In 2007 |
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GENERAL
FINANCIAL POSITION |
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According to the figures declared by the company, capitalization was
in order and the profitability was high as of 31.12.2007. |
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CREDIT OPINION
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CREDIT OPINION WITHOUT OBLIGATION |
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We are of the opinion that, a max. credit
of USD 2 million may be granted to the subject company. |
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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%)