MIRA
INFORM REPORT
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Report Date : |
29.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
YILKA IPLIK TEKSTIL SANAYI VE TICARET AS |
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Registered Office : |
Merkez Mah.
Yildirim Beyazit Cad. Toplu Sok. No:17/1 Yenibosna Istanbul |
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Country : |
Turkey |
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Date of Incorporation : |
26.07.1996 |
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Com. Reg. No.: |
350178 |
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Legal Form : |
Joint Stock
Company |
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Line of Business : |
Dyeing and trade of 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 : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
COMPANY IDENTIFICATION
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NAME |
: |
YILKA IPLIK
TEKSTIL SANAYI VE TICARET A.S. |
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ADDRESS |
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Head Office: Merkez Mah. Yildirim Beyazit Cad. Toplu Sok. No:17/1 Yenibosna
Istanbul / Turkey |
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PHONE NUMBER |
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90-212-503 19 92 |
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FAX NUMBER |
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90-212-452 69 65 |
LEGAL STATUS AND HISTORY
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TAX OFFICE / NO |
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Yenibosna / 9660047106 |
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REGISTRATION NUMBER |
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350178 |
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REGISTERED OFFICE |
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Istanbul Chamber of Commerce |
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DATE ESTABLISHED |
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26.07.1996 (Commercial Registry Gazette Date/No: 02.08.1996/4094) |
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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 1,250,000 |
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HISTORY |
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Previous Address |
:Aytac Mah. Dereboyu Cad. No:41 Halkali Kucukcekmece Istanbul |
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Address Changed On |
:05.05.2005 (Commercial Registry Gazette Date/No: 10.05.2005/6300) |
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Previous Address |
:Eski Baglar Mevkii Gamze Sok. No:7 Halkali Istanbul |
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Address Changed On |
:29.01.2007 (Commercial Registry Gazette Date/No: 01.02.2007/6736) |
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OWNERSHIP / MANAGEMENT
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SHAREHOLDERS |
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Ahmet Yildirim Ibrahim Yildirim Haydar Yildirim Mehmet Yildirim Mahmut Yildirim |
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SISTER COMPANIES |
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Biokimya Tekstil Sanayi ve Dis Ticaret Ltd. Sti. |
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GROUP PARENT COMPANY |
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None |
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SUBSIDIARIES |
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None |
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BOARD OF DIRECTORS |
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Ahmet Yildirim Ibrahim Yildirim Haydar Yildirim Mehmet Yildirim |
Chairman Vice-Chairman Member Member |
OPERATIONS
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BUSINESS ACTIVITIES |
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Dying and trade of fabric |
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SECTOR |
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Textile |
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NUMBER OF EMPLOYEES |
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120 |
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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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EXPORT VALUE |
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None |
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PREMISES |
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Head Office: Merkez Mah. Yildirim Beyazit Cad. Toplu Sok. No:17/1 Yenibosna
Istanbul (rented) Dying Plant: Velimese Beldesi Sanayi Bolgesi Corlu Tekirdag (owned) |
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FINANCE
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MAIN DEALING BANKERS |
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Turk Ekonomi Bankasi Gunesli branch in Istanbul |
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PAYMENT BEHAVIOUR |
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We are informed that, there are very frequent payment delays. |
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.-31.01.2008) |
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%)