MIRA
INFORM REPORT
|
Report Date : |
14.05.2008 |
IDENTIFICATION
DETAILS
|
Name : |
SAR KIMYA SANAYI MUHENDISLIK DANISMANLIK VE TICARET LTD. STI. |
|
|
|
|
Registered Office : |
Kimya Sanayicileri Organize Sanayi Bolgesi B 62 Parsel Tuzla Istanbul |
|
|
|
|
Country : |
Turkey |
|
|
|
|
Date of Incorporation : |
18.03.1997 |
|
|
|
|
Com. Reg. No.: |
367156 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Trade of Chemical Raw Materials |
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 |
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
COMPANY IDENTIFICATION
|
NAME |
: |
SAR KIMYA SANAYI MUHENDISLIK DANISMANLIK VE TICARET LTD. STI. |
|
ADDRESS |
: |
Head Office: Kimya Sanayicileri Organize
Sanayi Bolgesi B 62 Parsel Tuzla Istanbul / Turkey |
|
PHONE NUMBER |
: |
90-216-593 16 70 |
|
FAX NUMBER |
: |
90-216-593 16 71 |
LEGAL STATUS AND HISTORY
|
TAX OFFICE / NO |
: |
Tuzla / 7440064420 |
|
|
|
REGISTRATION NUMBER |
: |
367156 |
|
|
|
REGISTERED OFFICE |
: |
Istanbul Chamber of Commerce |
|
|
|
DATE ESTABLISHED |
: |
18.03.1997(Commercial Registry Gazette Date/No:
21.03.1997/4254) |
|
|
|
LEGAL FORM |
: |
Limited Company |
|
|
|
TYPE OF COMPANY |
: |
Private |
|
|
|
REGISTERED CAPITAL |
: |
YTL 2,500,000 |
|
|
|
HISTORY |
: |
|
|
|
|
|
|
Previous Registered Capital |
:YTL 200,000 |
|
|
|
|
Regist. Capital Changed on |
:20.10.2006 (Commercial Registry Gazette
Date/No: 31.10.2006/6672) |
|
OWNERSHIP / MANAGEMENT
|
SHAREHOLDERS |
: |
Muammer Sari Emine Sari |
50 % 50 % |
|
SISTER COMPANIES |
: |
Declared to be: None |
|
|
GROUP PARENT COMPANY |
: |
None |
|
|
SUBSIDIARIES |
: |
None |
|
|
DIRECTORS |
: |
Muammer Sari Emine Sari |
|
OPERATIONS
|
BUSINESS
ACTIVITIES |
: |
Trade of chemical raw materials The subject has declared that it is the distributor
of the followings: -Arizona Chemical (USA, Netherlands) -Kukdo Chemical Industry Co (South Korea) -Potters Ballotini (UK) -Dupont Eng Plastics (USA) -Nitroil Chemicals (Germany) -Sasol Wax (Germany) -Synthesia Espanola S.A. (Spain) -Micro Inks (India) -PQU Unilene (Brazil) -Forchem (Finland) -Double Bond Chemical (Taiwan) -Kusumoto Chemicals Ltd (Japan) -Atul Limited (India) -Arch Chemicals (UK) -American Chemet Corporation (USA) |
|
|
SECTOR |
: |
Commerce |
|
|
NUMBER OF
EMPLOYEES |
: |
14 |
|
|
NET SALES |
: |
n.a. |
|
|
|
|
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. |
|
|
CAPACITY |
: |
None |
|
|
PRODUCTION |
: |
None |
|
|
IMPORT VALUE |
: |
USD 10 million |
(2007) |
|
IMPORT COUNTRIES |
: |
Chemical raw materials |
|
|
MERCHANDISE
IMPORTED |
: |
Japan, Korea, China, India, Australia,
Taiwan, Egypt, Brazil, USA, Germany… |
|
|
EXPORT COUNTRIES |
: |
Iran, Syria, Germany, Azerbaijan… |
|
|
MERCHANDISE
EXPORTED |
: |
Chemical raw materials |
|
|
PREMISES |
: |
Head Office: Kimya Sanayicileri Organize
Sanayi Bolgesi B 62 Parsel Tuzla Istanbul (owned) |
|
FINANCE
|
MAIN DEALING BANKERS |
: |
Garanti Bankasi Tuzla Kimya OSB branch in
Istanbul |
|
PAYMENT BEHAVIOUR |
: |
No payment delays have come to our knowledge. |
COMMENT ON FINANCIAL POSITION
|
GENERAL
FINANCIAL POSITION |
|
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
|
|
Incr. in
producers’ price index |
Average YTL/$ |
Average YTL/EUR |
Average YTL/GBP |
|
(2007) |
5.94 % |
1.3075 |
1.7901 |
2.6133 |
|
(1.1.-30.04.2008) |
11.04 % |
1.2193 |
1.8541 |
2.4257 |
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 |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<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 |
|
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%)