MIRA INFORM REPORT
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Report Date : |
18.11.2011 |
IDENTIFICATION DETAILS
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Name : |
APEX METAL VE AGAC ISLERI SANAYI VE TICARET
LTD. STI. |
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Registered Office : |
Kayseri Serbest Bolgesi (Free Zone)
Melikgazi Kayseri |
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Country : |
Turkey |
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Date of Incorporation : |
06.02.2004 |
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Com. Reg. No.: |
26551 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacture and trade of
steel doors, wooden doors and fire exit doors |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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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Status : |
Undetermined |
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Payment
Behaviour : |
No Complaints |
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Litigation : |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Turkey |
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
|
NAME |
: |
APEX METAL VE AGAC ISLERI SANAYI VE TICARET LTD. STI. |
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HEAD OFFICE ADDRESS |
: |
Kayseri Serbest Bolgesi (Free Zone) Melikgazi Kayseri / Turkey |
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PHONE NUMBER |
: |
90-352-311 53 75-76-77 |
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FAX NUMBER |
: |
90-352-311 53 78 |
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WEB-ADDRESS |
: |
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E-MAIL |
: |
LEGAL STATUS AND HISTORY
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TAX OFFICE |
: |
Mimar Sinan |
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TAX NO |
: |
0710343942 |
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REGISTRATION NUMBER |
: |
26551 |
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REGISTERED OFFICE |
: |
Kayseri Chamber of Commerce |
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DATE ESTABLISHED |
: |
06.02.2004 |
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ESTABLISHMENT GAZETTE DATE/NO |
: |
18.02.2004/5989 |
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LEGAL FORM |
: |
Limited Company |
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TYPE OF COMPANY |
: |
Private |
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REGISTERED CAPITAL |
: |
TL 1.250.000 |
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HISTORY |
: |
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PREVIOUS SHAREHOLDERS |
: |
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OWNERSHIP / MANAGEMENT
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SHAREHOLDERS |
: |
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DIRECTORS |
: |
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OPERATIONS
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BUSINESS ACTIVITIES |
: |
Manufacture and trade of steel doors, wooden doors and fire exit
doors. |
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NACE CODE |
: |
DJ.28.12 |
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NUMBER OF EMPLOYEES |
: |
45 |
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REMARKS ON NET SALES |
: |
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 |
: |
China India |
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MERCHANDISE IMPORTED |
: |
Accessories |
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HEAD OFFICE ADDRESS |
: |
Kayseri Serbest Bolgesi (Free Zone) Melikgazi Kayseri / Turkey |
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BRANCHES |
: |
Head Office/Production Plant
: Kayseri Serbest Bolgesi (Free
Zone) Melikgazi Kayseri/Turkey |
FINANCE
|
MAIN DEALING BANKS |
: |
Akbank Mersin Sebest Bolge Branch Turkiye Garanti Bankasi Mersin Serbest Bolge Branch |
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PAYMENT BEHAVIOUR |
: |
No payment delays have come to our knowledge. |
COMMENT ON FINANCIAL POSITION
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General Financial Position |
General financial position is 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 USD/TL |
Average EUR/TL |
Average GBP/ TL |
|
( 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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( 2010 ) |
8,87 % |
1,5128 |
2,0096 |
2,3410 |
|
( 01.01-31.10.2011) |
11,48 % |
1,6444 |
2,3157 |
2,6459 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.72 |
|
UK Pound |
1 |
Rs.79.88 |
|
Euro |
1 |
Rs.68.64 |
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 |
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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 |
|
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 |
|
<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.