MIRA
INFORM REPORT
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Report Date : |
31.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
DYSTAR TEKSTIL BOYA VE TEKNOLOJISI SANAYI TICARET LTD. STI. |
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Registered Office : |
Istanbul-Trakya Serbest Bolgesi (Free Zone) Ataturk Bulvari Begonya Sok.
No:1 K:3 Catalca-Istanbul |
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Country : |
Turkey |
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Date of Incorporation : |
05.12.2003 |
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Com. Reg. No.: |
510493 |
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Legal Form : |
Limited Company |
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Line of Business : |
Trade of Textile Dye. |
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 |
: |
DYSTAR TEKSTIL BOYA VE TEKNOLOJISI SANAYI TICARET LTD. STI. |
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ADDRESS |
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Head Office: Istanbul-Trakya Serbest
Bolgesi (Free Zone) Ataturk Bulvari Begonya Sok. No:1 K:3 Catalca-Istanbul /
Turkey |
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PHONE NUMBER |
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90-212-866 50 00 |
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FAX NUMBER |
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90-212-866 50 90 |
LEGAL STATUS AND HISTORY
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TAX OFFICE / NO |
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Catalca / 3230355972 |
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REGISTRATION NUMBER |
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510493 |
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REGISTERED OFFICE |
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Istanbul Chamber of Commerce |
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DATE ESTABLISHED |
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05.12.2003 (Commercial Registry Gazette
Date/No:11.12.2003/5944) |
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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 50,000 |
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HISTORY |
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Previous Shareholders |
:Dystar Textilfarben GmbH 99,95 % Bernard Clemens Friedrich Willee 0,05 % |
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Shareholders Changed On |
:17.01.2005 (Commercial Registry Gazette
Date/No:24.01.2005/6224) |
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OWNERSHIP / MANAGEMENT
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SHAREHOLDERS |
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Dystar Textilfarben GmbH Ian Michael Stuart Downie |
99,95 %
0,05 % |
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SISTER COMPANIES |
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-Dystar Kimya Sanayi ve Ticaret Ltd. Sti. |
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DIRECTORS |
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Ralf Dieter Kattanek Alparslan Tulum Nilgun Demirok Sezai Ozturk |
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OPERATIONS
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BUSINESS
ACTIVITIES |
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Trade of textile dye. |
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SECTOR |
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Commerce |
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NUMBER OF
EMPLOYEES |
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30 |
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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 |
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None |
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PRODUCTION |
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None |
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IMPORT VALUE |
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EUR 25.2 million |
(2007) |
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IMPORT COUNTRIES |
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Germany |
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MERCHANDISE
IMPORTED |
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Textile dye |
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EXPORT |
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As
the firm is located at Free Zone, all of the sales are regarded as exports. |
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PREMISES |
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Head Office: Istanbul-Trakya Serbest
Bolgesi (Free Zone) Ataturk Bulvari Begonya Sok. No:1 K:3 Catalca-Istanbul Branch: Mersin Serbest Bolge (Free Zone)
Mersin |
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FIXED CAPITAL
INVESTMENTS |
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None |
FINANCE
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MAIN DEALING BANKERS |
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Garanti Bankasi Bakirkoy branch in
Istanbul Turk Ekonomi Bankasi Trakya Kurumsal
branch in Istanbul |
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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. |
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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.-30.04.2008) |
11.04 % |
1.2193 |
1.8541 |
2.4257 |
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%)