MIRA
INFORM REPORT
|
Report Date : |
19.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
ESANS TICARET VE SANAYI A.S. |
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Registered Office : |
Kutucular Cad.
Kadioglu Sok. No:8-10 Eminonu Istanbul |
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Country : |
Turkey |
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Date of Incorporation : |
15.02.1971 |
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Com. Reg. No.: |
109982 |
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Legal Form : |
Joint Stock
Company |
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Line of Business : |
Wholesale Trade of
Food Ingredients, Essence, Volatile Oils. |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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
|
NAME |
: |
ESANS TICARET VE
SANAYI A.S. |
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ADDRESS |
: |
Head Office: Kutucular Cad. Kadioglu Sok. No:8-10 Eminonu Istanbul
Turkey |
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PHONE NUMBER |
: |
90-212-522 60 88 |
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FAX NUMBER |
: |
90-212-527 45 33 |
LEGAL STATUS AND HISTORY
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TAX OFFICE/NO |
: |
Marmara Kurumlar/3770045675 |
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REGISTRATION NUMBER |
: |
109982 |
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REGISTERED OFFICE |
: |
Istanbul Chamber of Commerce |
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DATE ESTABLISHED |
: |
15.02.1971 |
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LEGAL FORM |
: |
Joint Stock Company |
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TYPE OF COMPANY |
: |
Private |
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REGISTERED CAPITAL |
: |
YTL 50,000 |
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HISTORY |
: |
The registered capital was increased from YTL 1,500 to YTL 5,000 on 09.05.1996.(Commercial Registry Gazette Date/No:
/14.05.1996/4036) The registered capital increased from YTL 5,000 to YTL 50,000 on
30.09.2002 (Commercial Registry Gazette Date/No: 04.10.2002/5649) |
OWNERSHIP / MANAGEMENT
|
SHAREHOLDERS |
: |
Yako Reyna Moiz Reyna Albert Reyna Others |
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BOARD OF DIRECTORS |
: |
Yako Reyna Moiz Reyna Albert Reyna |
Chairman Vice-Chairman Member |
OPERATIONS
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BUSINESS ACTIVITIES |
: |
Wholesale trade of food ingredients, essence, volatile oils. |
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SECTOR |
: |
Commerce |
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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 |
: |
None |
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PRODUCTION |
: |
None |
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IMPORT COUNTRIES |
: |
Germany, France, Netherlands |
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MERCHANDISE IMPORTED |
: |
Essence |
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EXPORT |
: |
None |
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PREMISES |
: |
Head Office: Kutucular Cad. Kadioglu Sok. No:8-10 Eminonu Istanbul |
FINANCE
|
MAIN DEALING BANKERS |
: |
Akbank Sultanhamam branch in Istanbul |
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PAYMENT BEHAVIOR |
: |
No payment delays
have come to our knowledge. |
COMMENT ON FINANCIAL POSITION
|
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 |
|
(2006) |
11.58 % |
1.4309 |
1.7987 |
2.6377 |
|
(2007) |
5.94 % |
1.3075 |
1.7901 |
2.6133 |
|
(1.1.-31.03.2008) |
6.26 % |
1.2033 |
1.8179 |
2.3972 |
|
(1.1.-30.06.2008) |
13.76 % |
1.2197 |
1.8695 |
2.4232 |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.78 |
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UK Pound |
1 |
Rs.85.51 |
|
Euro |
1 |
Rs.67.90 |
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>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 |
|
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%)