MIRA
INFORM REPORT
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Report Date : |
22.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
ART DIS TICARET LTD. STI. |
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Registered Office : |
Gazimuhtarpasa Bulvari Hali Sarayi Kat.3 No:275 Gaziantep |
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Country : |
Turkey |
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Date of Incorporation : |
08.12.2004 |
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Com. Reg. No.: |
26532 |
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Legal Form : |
Limited Company |
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Line of Business : |
Trade of Carpet and Carpet Machinery and
Packaging Machinery |
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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Maximum Credit Limit : |
USD 50,000 |
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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 |
: |
ART DIS TICARET LTD. STI. |
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ADDRESS |
: |
Head Office: Gazimuhtarpasa Bulvari Hali
Sarayi Kat.3 No:275 Gaziantep/ Turkey |
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PHONE NUMBER |
: |
90-342-324 40 20 |
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FAX NUMBER |
: |
90-342-324 40 30 |
LEGAL STATUS AND HISTORY
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TAX OFFICE / NO |
: |
Gazikent / 0850313945 |
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REGISTRATION NUMBER |
: |
26532 |
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REGISTERED OFFICE |
: |
Gaziantep Chamber of Commerce |
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DATE ESTABLISHED |
: |
08.12.2004 (Commercial Registry Gazette
Date/No: 22.12.2004/6203) |
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LEGAL FORM |
: |
Limited Company |
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TYPE OF COMPANY |
: |
Private |
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REGISTERED CAPITAL |
: |
YTL 500,000 |
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PAID-IN CAPITAL |
: |
The paid- in capital is declared to be YTL
500,000. There is no certification for the paid- in capital. |
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HISTORY |
: |
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Previous Registered Capital |
: YTL 100,000 |
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Regist. Capital Changed on |
: 24.03.2005 (Commercial Registry Gazette
Date/No: 05.04.2005/6275) |
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Previous Address |
: Incilipinar Mah. Tekerekoglu Is Merkezi
Kat.4 No:104 Gaziantep |
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Address Changed On |
: 09.04.2007 (Commercial Registry Gazette
Date/No: 18.04.2007/6790) |
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Previous Shareholders |
: Mehmet Murat Findik (40 %) Kamil Kaynak
(24 %) Mehmet Koca
(14 %) Mehmet Demir
(12 %) Oktay Oral (10 %) |
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Shareholders Changed On |
: 2006 (Commercial Registry Gazette
Date/No: 07.03.2006/6507) |
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OWNERSHIP / MANAGEMENT
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SHAREHOLDERS |
: |
Mehmet Murat Findik Kamil Kaynak Erol Kaynak Mehmet Demir Oktay Oral |
40 % 24 % 14 % 12 % 10 % |
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SISTER COMPANIES |
: |
-Art Carpet Sanayi ve Ticaret A.S. |
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SUBSIDIARIES |
: |
None |
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DIRECTORS |
: |
Mehmet Murat Findik Kamil Kaynak Oktay Oral |
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OPERATIONS
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BUSINESS
ACTIVITIES |
: |
Trade of carpet and carpet machinery and
packaging machinery |
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SECTOR |
: |
Commerce |
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TRADEMARK(S) |
: |
None |
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NUMBER OF
EMPLOYEES |
: |
3 |
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NET SALES |
: |
USD 12,628,929 +
YTL 292,809 |
(2006) |
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CAPACITY |
: |
None |
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PRODUCTION |
: |
None |
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IMPORT COUNTRIES |
: |
Bangladesh |
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MERCHANDISE
IMPORTED |
: |
Carpet’s yarn |
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EXPORT VALUE |
: |
USD 12,628,929 |
(2006) |
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EXPORT COUNTRIES |
: |
Iraq, Uzbekistan, Tajikistan, Kyrgyzstan |
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PREMISES |
: |
Head Office: Gazimuhtarpasa Bulvari Hali
Sarayi Kat.3 No:275 Gaziantep (owned by the shareholders) |
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FIXED CAPITAL
INVESTMENTS |
: |
None |
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FINANCE
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MAIN DEALING BANKERS |
: |
Akbank Gaziantep branch in Gaziantep T. Is Bankasi Gaziantep branch in
Gaziantep Fortisbank Gaziantep branch in Gaziantep Yapi ve Kredi Bankasi Gaziantep branch in
Gaziantep Turk Ekonomi Bankasi Gaziantep branch in
Gaziantep Finansbank Gaziantep branch in Gaziantep |
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PAYMENT BEHAVIOUR |
: |
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 |
(2006) USD 12,628,929 +
YTL 292,809 YTL 92,796 |
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COMMENT ON FINANCIAL POSITION
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The firm was profitable in 2006. |
CREDIT OPINION
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CREDIT OPINION WITHOUT OBLIGATION |
: |
We are of the opinion that, a max. credit
of USD 50,000 may be granted to the subject company. |
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Incr. in
producers’ price index |
Average YTL/$ |
Average YTL/EUR |
Average YTL/GBP |
|
(2004) |
13.84 % |
1.4266 |
1.7666 |
2.6001 |
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(2005) |
2.66 % |
1.3499 |
1.6882 |
2.4623 |
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(2006) |
11.58 % |
1.4309 |
1.7987 |
2.6377 |
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(2007) |
5.94 % |
1.3075 |
1.7901 |
2.6133 |
|
(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%)