MIRA
INFORM REPORT
|
Report Date : |
06.10.2008 |
IDENTIFICATION
DETAILS
|
Name : |
OZ METAL OZKAN OZ |
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Registered Office : |
Des Sanayi Sitesi
1.Cad. D-8 Blok No:1 Yukari Dudullu Umraniye Istanbul |
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Country : |
Turkey |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
01.08.1996 |
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Legal Form : |
Sole-Proprietorship |
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Line of Business : |
Trade of Stainless Steel Rods and Pipes |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 200,000 |
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|
Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY IDENTIFICATION
|
NAME |
: |
OZ METAL OZKAN OZ |
|
ADDRESS |
: |
Head Office: Des Sanayi Sitesi 1.Cad. D-8 Blok No:1 Yukari Dudullu
Umraniye Istanbul / Turkey |
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PHONE NUMBER |
: |
90-216-466 64 78-79 |
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FAX NUMBER |
: |
90-216-466 44 20 |
LEGAL STATUS AND HISTORY
|
TAX OFFICE / NO |
: |
Sarigazi / 15884591360 From the beginning of year 2007,the sole proprietorships perform
fiscal manipulations with personal ID number instead of tax number. So the
number of the subject changed from 6620042348 to 15884591360 for fiscal
manipulations. |
|
REGISTERED OFFICE |
: |
As the subject is a sole-proprietorship, it is not obliged to be
registered at commercial registry. It is registered at Traders’ Association
with no 34-344637 |
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REGISTERED ON |
: |
01.08.1996 |
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LEGAL FORM |
: |
Sole-Proprietorship |
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TYPE OF COMPANY |
: |
Private |
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REGISTERED CAPITAL |
: |
The liability of the sole-proprietorships is not limited to the
capital. The owners of the sole-proprietorships are responsible for the debts
of the sole-proprietorships with all of their personal wealth. |
OWNERSHIP / MANAGEMENT
|
OWNER |
: |
Ozkan Oz The owner, Ozkan Oz was born in Malatya in 1964 The properties owned by Ozkan Oz are declared as: 3 cars. |
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Other companies owned by the owner are declared to be : None |
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DIRECTORS |
: |
Ozkan Oz |
OPERATIONS
|
BUSINESS ACTIVITIES |
: |
Trade of stainless steel rods and pipes |
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SECTOR |
: |
Commerce |
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NUMBER OF EMPLOYEES |
: |
6 |
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NET SALES |
: |
(YTL) 1,884,655 3,638,925 3,519,781 |
(2005) (2006) (01.01.-30.09.2007) |
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CAPACITY |
: |
None |
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PRODUCTION |
: |
None |
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IMPORT COUNTRIES |
: |
India, Italy |
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MERCHANDISE IMPORTED |
: |
Stainless steel rods, pipes and profiles |
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PREMISES |
: |
Head Office: Des Sanayi Sitesi 1.Cad. D-8 Blok No:1 Yukari Dudullu Umraniye
Istanbul (rented) |
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FIXED CAPITAL INVESTMENTS |
: |
None |
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TREND OF BUSINESS |
: |
Upwards |
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SIZE OF BUSINESS |
: |
Lower-moderate |
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FINANCE
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MAIN DEALING BANKERS |
: |
Garanti Bankasi DES branch in Istanbul Fortisbank DES branch in Istanbul T.Is Bankasi Arap Cami branch in Istanbul |
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CREDIT FACILITIES |
: |
The subject rarely makes use of credit facilities. |
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PAYMENT BEHAVIOUR |
: |
No payment delays
have come to our knowledge. |
COMMENT ON FINANCIAL POSITION
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FINANCIAL STRUCTURE (SUFFICENCY OF OWN
RESOURCES) |
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The capitalization
was satisfactory as of 31.12.2006.Furthermore the liability of the sole-proprietorships
is not limited to the capital. The owners of the sole-proprietorships are
responsible for the debts of the sole-proprietorships with all of their
personal wealth. We are informed that, the owner posses 3 cars. |
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LIQUIDITY |
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High |
As of 31.12.2006 |
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PROFITABILITY |
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In order |
In 2006 |
High |
Between
01.01.-30.09.2007 |
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GAP BETWEEN COLLECTION-PAYMENT PERIODS |
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Unfavorable |
In 2006 |
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GENERAL FINANCIAL POSITION |
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In order |
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CREDIT OPINION
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PROPOSED CREDIT AMOUNT |
: |
USD 15,000,000 DA |
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CREDIT OPINION WITHOUT OBLIGATION |
: |
We are of the opinion that, a max. credit of USD 200,000 may be
granted to the subject. |
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|
Incr. in producers’ price index |
Average YTL/$ |
Average YTL/EUR |
Average YTL/GBP |
|
(2005) |
2.66 % |
1.3499 |
1.6882 |
2.4623 |
|
(2006) |
11.58 % |
1.4309 |
1.7987 |
2.6377 |
|
(1.1.-30.09.2007) |
4.98 % |
1.3447 |
1.8084 |
2.6720 |
|
(2007) |
5.94 % |
1.3075 |
1.7901 |
2.6133 |
|
(1.1.-31.01.2008) |
0.42 % |
1.1741 |
1.7303 |
2.3417 |
BALANCE
SHEET
|
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YTL |
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|
31.12.06 |
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CURRENT ASSETS |
936.308 |
|
0,94 |
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Cash and Banks |
60.426 |
|
0,06 |
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Marketable Securities |
0 |
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0,00 |
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Account Receivable |
811.168 |
|
0,81 |
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Other Receivable |
0 |
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0,00 |
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Inventories |
49.716 |
|
0,05 |
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Advances Given |
0 |
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0,00 |
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Other Current Assets |
14.998 |
|
0,02 |
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NON-CURRENT
ASSETS |
59.223 |
|
0,06 |
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Long-term Receivable |
0 |
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0,00 |
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Financial Assets |
0 |
|
0,00 |
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Tangible Fixed Assets (net) |
54.460 |
|
0,05 |
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Intangible Assets |
1.884 |
|
0,00 |
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Other Non-Current Assets |
2.879 |
|
0,00 |
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TOTAL ASSETS |
995.531 |
|
1,00 |
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CURRENT
LIABILITIES |
562.235 |
|
0,56 |
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Financial Loans |
400 |
|
0,00 |
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Accounts Payable |
543.535 |
|
0,55 |
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Loans from the Owner |
0 |
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0,00 |
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Other Short-term Payable |
0 |
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0,00 |
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Advances from Customers |
0 |
|
0,00 |
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Taxes Payable |
18.300 |
|
0,02 |
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Provisions |
0 |
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0,00 |
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Other Current Liabilities |
0 |
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0,00 |
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LONG-TERM
LIABILITIES |
0 |
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0,00 |
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Financial Loans |
0 |
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0,00 |
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Securities Issued |
0 |
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0,00 |
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Long-term Payable |
0 |
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0,00 |
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Loans from the Owner |
0 |
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0,00 |
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Other Long-term Liabilities |
0 |
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0,00 |
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Provisions |
0 |
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0,00 |
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STOCKHOLDERS'
EQUITY |
433.296 |
|
0,44 |
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TOTAL
LIABILITIES AND EQUITY |
995.531 |
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1,00 |
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INCOME
STATEMENTS
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YTL |
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YTL |
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2006 |
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|
1.1.-30.09.2007 |
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Net Sales |
3.638.925 |
|
1,00 |
|
3.519.781 |
|
1,00 |
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Cost of Goods Sold |
3.399.450 |
|
0,93 |
|
3.017.800 |
|
0,86 |
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Gross Profit |
239.475 |
|
0,07 |
|
501.981 |
|
0,14 |
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Operating Expenses |
138.452 |
|
0,04 |
|
98.754 |
|
0,03 |
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Operating Profit |
101.023 |
|
0,03 |
|
403.227 |
|
0,11 |
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Other Income |
150 |
|
0,00 |
|
328 |
|
0,00 |
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Other Expenses |
293 |
|
0,00 |
|
2.288 |
|
0,00 |
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Financial Expenses |
894 |
|
0,00 |
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0 |
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0,00 |
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Profit (loss) Before Tax |
99.986 |
|
0,03 |
|
401.267 |
|
0,11 |
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Tax Payable |
0 |
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0,00 |
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0 |
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0,00 |
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Net Profit (loss) |
99.986 |
|
0,03 |
|
401.267 |
|
0,11 |
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FINANCIAL
RATIOS
|
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|
2006 |
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|
1.1.-30.09.2007 |
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LIQUIDITY RATIOS |
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Current Ratio |
1,67 |
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-- |
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Acid-Test Ratio |
1,55 |
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-- |
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ASSET STRUCTURE RATIOS |
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Inventory/Total Assets |
0,05 |
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-- |
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Short-term Receivable/Total Assets |
0,81 |
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-- |
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Tangible Assets/Total Assets |
0,05 |
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-- |
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TURNOVER RATIOS |
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Inventory Turnover |
68,38 |
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-- |
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Stockholders' Equity Turnover |
8,40 |
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-- |
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Asset Turnover |
3,66 |
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-- |
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FINANCIAL STRUCTURE |
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Stockholders' Equity/Total Assets |
0,44 |
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|
-- |
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Current Liabilities/Total Assets |
0,56 |
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|
-- |
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Financial Leverage |
0,56 |
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-- |
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PROFITABILITY RATIOS |
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Net Profit/Stockholders' Eq. |
0,23 |
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|
-- |
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Operating Profit Margin |
0,03 |
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|
0,11 |
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Net Profit Margin |
0,03 |
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|
0,11 |
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COLLECTION-PAYMENT |
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Average Collection Period (days) |
80,25 |
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|
-- |
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Average Payable Period (days) |
57,56 |
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|
-- |
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FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.88 |
|
UK Pound |
1 |
Rs.82.97 |
|
Euro |
1 |
Rs.64.99 |
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%)