MIRA
INFORM REPORT
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Report Date : |
15.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
ATAL METAL SANAYI VE TICARET LTD. STI. |
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Registered Office : |
Yukari Dudullu Des San. Sit. 1. Cad. 4. Blok No:11 Umraniye – Istanbul |
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Country : |
Turkey |
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Date of Incorporation : |
05.06.1996 |
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Com. Reg. No.: |
347652 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Processing and trade of stainless steel |
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 |
: |
ATAL METAL SANAYI VE TICARET LTD. STI. |
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ADDRESS |
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Head Office/Processing Plant: Yukari Dudullu
Des San. Sit. 1. Cad. 4. Blok No:11 Umraniye – Istanbul / Turkey |
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PHONE NUMBER |
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90-216-420 87 28 |
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FAX NUMBER |
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90-216-540 48 05 |
LEGAL STATUS AND HISTORY
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TAX NO |
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0950039199 |
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REGISTRATION NUMBER |
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347652 |
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REGISTERED OFFICE |
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Istanbul Chamber of Commerce |
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DATE ESTABLISHED |
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05.06.1996 (Commercial Registry Gazette
Date/No: 24.06.1996 / 4065) |
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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 300,000 |
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HISTORY |
: |
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Previous
Registered Capital |
: YTL 20,000 |
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Regist. Capital Changed on |
: 27.10.2006 (Commercial Registry Gazette
Date/No: 02.11.2006 / 6674) |
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Previous Address |
: Demirciler Sitesi 3. Cad. No:70 Zeytinburnu
– Istanbul |
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Address Changed On |
: 06.01.2005 (Commercial Registry Gazette
Date/No: 12.01.2005 / 6218) |
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Other Historical Events |
: The shareholder Yusuf Kayaakar died on 04.01.2005.
So on 12.05.2005 his shares (which was 50 % of total shares) were distributed
to his heirs (Commercial Registry Gazette Date/No: 20.05.2005 / 6307) |
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OWNERSHIP / MANAGEMENT
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SHAREHOLDERS |
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Altan Kayaakar Atakan Kayaakar Penpe Kayaakar |
46,66 % 46,66 %
6,66 % |
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DIRECTOR |
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Atakan Kayaakar |
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OPERATIONS
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BUSINESS
ACTIVITIES |
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Processing and trade of stainless steel |
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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/Processing Plant: Yukari Dudullu
Des San. Sit. 1. Cad. 4. Blok No:11 Umraniye – 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 |
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%)