MIRA INFORM REPORT

 

 

Report Date :           

16.08.2011

 

IDENTIFICATION DETAILS

 

Name :

TOSCELIK PROFIL VE SAC ENDUSTRISI A.S.

 

 

Formerly Known As :

As Celik Endustri Urunleri Sanayi ve Insaat  Malzemeleri A.S.

 

 

Registered Office :

Organize Sanayi Bolgesi Necati Ozsoy Cad. No:12 Sariseki Iskenderun  Hatay

 

 

Country :

Turkey

 

 

Date of Incorporation :

27.02.1992

 

 

Com. Reg. No.:

6610-7655

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Manufacture and trade of industrial pipe and profile.

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Turkey

b1

b1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

COMPANY IDENTIFICATION

 

NAME

:

TOSCELIK PROFIL VE SAC ENDUSTRISI A.S.

HEAD OFFICE ADDRESS

:

Organize Sanayi Bolgesi Necati Ozsoy Cad. No:12 Sariseki Iskenderun  Hatay / Turkey

PHONE NUMBER

:

90-326-656 28 90 (Pbx) (Factory)

 

FAX NUMBER

:

90-326-656 28 95 (Factory)

 

 

LEGAL STATUS AND HISTORY

 

TAX OFFICE

:

Asim Gunduz

TAX NO

:

0860013021

REGISTRATION NUMBER

:

6610-7655

REGISTERED OFFICE

:

Iskenderun Chamber of Commerce and Industry

DATE ESTABLISHED

:

27.02.1992

ESTABLISHMENT GAZETTE DATE/NO

:

06.03.1992/2982

LEGAL FORM

:

Joint Stock Company

TYPE OF COMPANY

:

Private

REGISTERED CAPITAL

:

TL   240.300.000

HISTORY

:

Previous Name

:

As Celik Endustri Urunleri Sanayi ve Insaat  Malzemeleri A.S.

Changed On

:

05.09.1997 (Commercial Gazette Date /Number 09.10.1997/ 4394)

Previous Registered Capital

:

TL 160.000.000

Changed On

:

15.01.2009 (Commercial Gazette Date /Number 29.01.2009/ 7238)

Previous Registered Capital

:

TL 164.260.000

Changed On

:

28.04.2010 (Commercial Gazette Date /Number 05.05.2010/ 7557)

Previous Registered Capital

:

TL 200.296.480

Changed On

:

30.12.2010 (Commercial Gazette Date /Number 17.01.2011/ 7731)

Previous Address

:

Sanayi Sitesi 321. Sokak No:13 Iskenderun

Changed On

:

08.04.2010 (Commercial Gazette Date /Number 16.04.2010/ 7545)

Merger

:

“Toscelik Profil ve Sac Endustrisi A.S.” took over and merged with “Tosyali Profil Endustrisi A.S.” under the name of  “Toscelik Profil ve Sac Endustrisi A.S.”

Changed On

:

02.05.2002 (Commercial Gazette Date /Number 15.05.2002/ 5548)

Merger

:

The company took over and merged with "TOSYALI METAL TICARET A.S."

Changed On

:

28.04.2010 (Commercial Gazette Date /Number 05.05.2010/ 7557)

 

 

OWNERSHIP / MANAGEMENT

 

SHAREHOLDERS

:

Erol Ayhan Tosyali

26,99 %

Mehmet Fatih Tosyali

26,99 %

Fuat Tosyali

26,99 %

Tosyali Holding A.S.

19,02 %

Serif Tosyali

 

 

 

GROUP PARENT COMPANY

:

TOSYALI HOLDING A.S.

 

SISTER COMPANIES

:

MARMARA SINAI VE TICARI YATIRIMLAR A.S.

TOSCELIK GRANUL SANAYI A.S.

TOSYALI DEMIR CELIK SANAYI A.S.

TOSYALI DIS TICARET A.S.

TOSYALI HOLDING A.S.

TOSYALI SIGORTA ARACILIK HIZMETLERI A.S.

 

BOARD OF DIRECTORS

:

Fuat Tosyali

Chairman

Erol Ayhan Tosyali

Vice-Chairman

Mehmet Fatih Tosyali

Member

 

 

DIRECTORS

:

Suhat Korkmaz

General Manager

 

 

OPERATIONS

 

BUSINESS ACTIVITIES

:

Manufacture and trade of industrial pipe and profile. 

 

NACE CODE

:

DJ.27.22

 

TRADEMARKS OWNED

:

Toscelik

 

NUMBER OF EMPLOYEES

:

1.066

 

NET SALES

:

36.526.112 TL

(2001) 

71.200.981 TL

(2002) 

119.903.008 TL

(2003) 

252.656.473 TL

(2004) 

361.226.021 TL

(2005) 

475.695.001 TL

(2006) 

601.246.605 TL

(2007) 

645.882.767 TL

(2008) 

777.095.424 TL

(2009) 

1.465.616.532 TL

(2010) 

 

 

IMPORT COUNTRIES

:

Romania

Ukraine

Russia

U.K.

Bulgaria

U.S.A.

 

MERCHANDISE IMPORTED

:

Rolled iron plate

 

EXPORT VALUE

:

13.872.357 TL

(2001)

22.882.681 TL

(2002)

23.480 USD Thousand

(2003)

42.549 USD Thousand

(2004)

56.047 USD Thousand

(2005)

57.527 USD Thousand

(2006)

123.987 USD Thousand

(2007)

101.399 USD Thousand

(2008)

179.208 USD Thousand

(2009)

288.991 USD Thousand

(2010)

 

 

 

EXPORT COUNTRIES

:

Qatar

 

MERCHANDISE  EXPORTED

:

Industrial pipe and profile

 

HEAD OFFICE ADDRESS

:

Organize Sanayi Bolgesi Necati Ozsoy Cad. No:12 Sariseki Iskenderun  Hatay / Turkey

 

BRANCHES

:

Head Office/Factory  :  Organize Sanayi Bolgesi Necati Ozsoy Cad. No:12 Sariseki Iskenderun Hatay/Turkey

 

Branch Office  :  Organize Sanayi Bolgesi Tuysuz Koyu Osmaniye/Turkey

 

 

TREND OF BUSINESS

:

There was an upwards trend in  2010.

 

 

FINANCE

 

MAIN DEALING BANKS

:

Garanti Bankasi Iskenderun Branch

T.Is Bankasi Iskenderun Branch

 

PAYMENT BEHAVIOUR

:

No payment delays have come to our knowledge.

 

KEY FINANCIAL ELEMENTS

:

 

(2007) TL

(2008) TL

(2009) TL

 

 

Net Sales

601.246.605

645.882.767

777.095.424

 

 

Profit (Loss) Before Tax

9.913.974

25.503.428

8.147.345

 

 

 

 

REMARKS ON KEY FINANCIAL ELEMENTS

:

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 fresh financial data. As the firm’s shares are not open to public it is not obliged to announce its data.

 

 

COMMENT ON FINANCIAL POSITION

 

Profitability

Low Net Profitability  in 2007

In Order Net Profitability  in 2008

Low Net Profitability  in 2009

 

General Financial Position

The firm has profit but general financial position is undetermined.

Remarks on General Financial Position

Recent financial figures are not available the firm declines to provide fresh financial data.

 

 

 

Incr. in producers’ price index

 

Average USD/TL

Average EUR/TL

Average GBP/ TL

 ( 2001 )

88,60 %

1,1991

1,0714

1,7300

 ( 2002 )

30,80 %

1,5168

1,3741

2,2001

 ( 2003 )

13,90 %

1,5302

1,7141

2,4982

 ( 2004 )

13,84 %

1,4266

1,7666

2,6001

 ( 2005 )

2,66 %

1,3499

1,6882

2,4623

 ( 2006 )

11,58 %

1,4309

1,7987

2,6377

 ( 2007 )

5,94 %

1,3075

1,7901

2,6133

 ( 2008 )

8,11 %

1,2858

1,8876

2,3708

 ( 2009 )

5,93 %

1,5460

2,1529

2,4094

 ( 2010 )

8,87 %

1,5128

2,0096

2,3410

 ( 01.01-31.07.2011)

6,18 %

1,5901

2,2465

2,5668

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.37

UK Pound

1

Rs.73.53

Euro

1

Rs.64.37

 

 

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

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

----

NB

New Business

----

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.