MIRA INFORM
REPORT
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Report Date : |
08.01.2011 |
IDENTIFICATION DETAILS
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Name : |
SIDER DIS TICARET A.S. |
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Registered Office : |
Yeni Foca Yolu |
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Country : |
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Date of Incorporation : |
17.12.2004 |
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Com. Reg. No.: |
2031 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and trade of
construction iron, trade of scrap iron |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
12.500.000 USD |
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Status : |
Moderate |
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Payment
Behaviour : |
No Complaints |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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b1 |
b1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
COMPANY IDENTIFICATION
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NAME |
: |
SIDER DIS TICARET A.S. |
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HEAD OFFICE ADDRESS |
: |
Yeni Foca Yolu |
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PHONE NUMBER |
: |
90-232-625 13 20 |
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FAX NUMBER |
: |
90-232-625 13 27 |
LEGAL STATUS AND HISTORY
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NOTES ON
LEGAL STATUS AND HISTORY |
: |
The paid-in capital
is declared by the subject. There is no certification for the paid-in
capital. |
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TAX OFFICE |
: |
Aliaga |
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TAX NO |
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7700322507 |
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REGISTRATION NUMBER |
: |
2031 |
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REGISTERED OFFICE |
: |
Aliaga Chamber of Commerce |
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DATE ESTABLISHED |
: |
17.12.2004 |
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ESTABLISHMENT GAZETTE DATE/NO |
: |
27.12.2004/6206 |
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LEGAL FORM |
: |
Joint Stock Company |
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TYPE OF COMPANY |
: |
Private |
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REGISTERED CAPITAL |
: |
TL 2.000.000 |
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PAID-IN CAPITAL |
: |
TL 2.000.000 |
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OWNERSHIP / MANAGEMENT
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SHAREHOLDERS |
: |
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SISTER COMPANIES |
: |
EREGE METAL DEMIR CELIK SANAYI VE TICARET A.S. ERK BILGISAYAR ILETISIM SISTEMLERI OTOMOTIV MADENCILIK SANAYI VE
TICARET LTD. STI. SIDER DEMIR CELIK PAZARLAMA VE SATIS A.S. |
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BOARD OF DIRECTORS |
: |
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OPERATIONS
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BUSINESS ACTIVITIES |
: |
Manufacture and trade of construction iron, trade of scrap iron. |
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NUMBER OF EMPLOYEES |
: |
515 |
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NET SALES |
: |
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REMARKS ON NET SALES |
: |
The |
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IMPORT COUNTRIES |
: |
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MERCHANDISE IMPORTED |
: |
Electrode Scrap |
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EXPORT VALUE |
: |
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EXPORT COUNTRIES |
: |
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MERCHANDISE EXPORTED |
: |
Iron and steel bars Rods |
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HEAD OFFICE ADDRESS |
: |
Yeni Foca Yolu |
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BRANCHES |
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Head Office/Factory :
Yeni Foca Yolu |
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TREND OF BUSINESS |
: |
There was a decline at business volume in nominal terms in 2009. There appears an upwards trend
in 1.1 - 30.9.2010. |
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SIZE OF BUSINESS |
: |
Giant |
FINANCE
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MAIN DEALING BANKS |
: |
Denizbank Izmir Branch Sekerbank Karsiyaka Branch Yapi ve Kredi Bankasi Aliaga Branch |
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PAYMENT BEHAVIOUR |
: |
No payment delays have come to our knowledge. |
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KEY FINANCIAL ELEMENTS |
: |
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COMMENT ON FINANCIAL POSITION
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Capitalization |
Good As of 31.12.2008 |
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Profitability |
In Order Net Profitability in
2007 High Net Profitability in 2008 |
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General Financial Position |
Satisfactory |
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Remarks on General Financial Position |
Recent detailed financial figures are not available the firm declines
to provide fresh financial data. |
CREDIT OPINION WITHOUT OBLIGATION
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CREDIT OPINION WITHOUT OBLIGATION |
: |
We are of the opinion that, a max. credit of 12.500.000 USD may be granted
to the subject company. |
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Incr. in producers’ price index |
Average USD/TL |
Average EUR/TL |
Average GBP/ TL |
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( 2006 ) |
11,58 % |
1,4309 |
1,7987 |
2,6377 |
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( 2007 ) |
5,94 % |
1,3075 |
1,7901 |
2,6133 |
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( 2008 ) |
8,11 % |
1,2858 |
1,8876 |
2,3708 |
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( 2009 ) |
5,93 % |
1,5460 |
2,1529 |
2,4094 |
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( 01.01-30.09.2010) |
6,52 % |
1,5178 |
2,0112 |
2,3426 |
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( 2010 ) |
8,87 % |
1,5128 |
2,0096 |
2,3410 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.45.37 |
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|
1 |
Rs.70.38 |
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Euro |
1 |
Rs.58.93 |
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 |
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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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.