MIRA
INFORM REPORT
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Report Date : |
03.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
DOGA MADENCILIK ENDUSTRI VE TICARET A.S. |
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Registered Office : |
Sekerpinar Koyu Gebze Kocaeli |
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Country : |
Turkey |
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Date of Incorporation : |
01.09.1982 |
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Com. Reg. No.: |
4725 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and Trade of Granite Plate |
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 |
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DOGA MADENCILIK ENDUSTRI VE TICARET A.S. |
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ADDRESS |
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Head Office/Factory: Sekerpinar Koyu Gebze
Kocaeli / Turkey |
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PHONE NUMBER |
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90-262-658 91 50 90-262-658 94 46 |
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FAX NUMBER |
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90-262-658 90 97 |
LEGAL STATUS AND HISTORY
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TAX OFFICE / NO |
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Ilyasbey / 3020015993 |
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REGISTRATION NUMBER |
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4725 |
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REGISTERED OFFICE |
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Gebze Chamber of Commerce |
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DATE ESTABLISHED |
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01.09.1982 |
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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 75,000,000 |
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HISTORY |
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Previous Registered Capital |
: YTL 22,500,000 |
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Regist. Capital Changed on |
: 28.12.2004 (Commercial Registry Gazette
Date/No: 13.01.2005/6219) |
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Previous Registered Capital |
: YTL 50,000,000 |
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Regist. Capital Changed on |
: 28.12.2005 (Commercial Registry Gazette
Date/No: 25.01.2006/6478) |
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OWNERSHIP / MANAGEMENT
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SHAREHOLDERS |
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Kemal Ayvaci Nevzat Inan Hayati Benhabib Omer Faruk Ayvaci Ilyas Ayvaci |
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SISTER COMPANIES |
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Doga Etiket ve Ambalaj Sanayii Ticaret
A.S. Doga Sehircilik Ic Ve Dis Ticaret A.S. |
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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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Kemal Ayvaci Nevzat Inan Hayati Benhabib Ilyas Ayvaci Omer Faruk Ayvaci |
Chairman Vice Chairman Member Member Member |
OPERATIONS
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BUSINESS
ACTIVITIES |
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Manufacture and trade of granite plate |
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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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IMPORT COUNTRIES |
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Brazil, Italy, South Africa… |
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MERCHANDISE
IMPORTED |
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Plate, granite block, intermediary goods |
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EXPORT COUNTRIES |
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USA, Bulgaria, Russian Federation |
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MERCHANDISE
EXPORTED |
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Granite |
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PREMISES |
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Head Office/Factory: Sekerpinar Koyu Gebze
Kocaeli |
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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 Gebze
branch in Gebze Denizbank Kozyatagi
branch in Istanbul Anadolubank Kartal
Soganlik 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.-31.03.2008) |
6.26 % |
1.2033 |
1.8179 |
2.3972 |
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%)