MIRA INFORM REPORT

 

 

Report Date :           

11.04.2012

 

IDENTIFICATION DETAILS

 

Name :

CUKUROVA JENERATOR SANAYII TICARET A.S.

 

 

Registered Office :

Boss Sok. No:11 Ege Serbest Bolgesi Gaziemir Izmir

 

 

Country :

Turkey

 

 

Date of Incorporation :

25.10.2007

 

 

Com. Reg. No.:

134861-K-11269

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Manufacture and trade of generator

 

 

No. of Employees :

84

 

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, 2012

 

Country Name

Previous Rating

                   (31.12.2011)                  

Current Rating

(31.03.2012)

Turkey

b1

b1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


 

COMPANY IDENTIFICATION

 

NAME

:

CUKUROVA JENERATOR SANAYII TICARET A.S.

HEAD OFFICE ADDRESS

:

Boss Sok. No:11 Ege Serbest Bolgesi Gaziemir Izmir / Turkey

PHONE NUMBER

:

90-232-252 20 26

 

FAX NUMBER

:

90-232-252 20 27

 

 

LEGAL STATUS AND HISTORY

 

TAX OFFICE

:

Gaziemir

TAX NO

:

2640309991

REGISTRATION NUMBER

:

134861-K-11269

REGISTERED OFFICE

:

Izmir Chamber of Commerce

DATE ESTABLISHED

:

25.10.2007

ESTABLISHMENT GAZETTE DATE/NO

:

01.11.2007/6927

LEGAL FORM

:

Joint Stock Company

TYPE OF COMPANY

:

Private

REGISTERED CAPITAL

:

TL   12.000.000

HISTORY

:

Previous Registered Capital

:

TL 5.000.000

Changed On

:

10.03.2010 (Commercial Gazette Date /Number 16.03.2010/ 7522)

 

 

OWNERSHIP / MANAGEMENT

 

SHAREHOLDERS

:

Cukurova Ithalat Ihracat Turk A.S.

99,58 %

Mehmet Emin Karamehmet

0,07 %

Ali Tugrul Tokgoz

0,07 %

Mehmet Mat

0,07 %

Ali Samsa Karamehmet

0,07 %

Fikri Sadi Gucum

0,07 %

Mehmet Bulent Ergin

0,07 %

 

 

GROUP PARENT COMPANY

:

CUKUROVA HOLDING A.S.

 

SISTER COMPANIES

:

AD GRUP BASIN SERVISLERI A.S.

ADD PRODUCTION MEDYA A.S.

AKDENIZ ENDUSTRI VE TARIM URUNLERI TICARET A.S.

AKS ARTI YAYINCILIK SANAYI VE TICARET A.S.

AKS MAKSIMUM YAYINCILIK SANAYI VE TICARET A.S.

AKS SPOR YAYINCILIK SANAYI VE TICARET A.S.

AKS TELEVIZYON REKLAMCILIK VE FILMCILIK SANAYI VE TICARET A.S.

AKS ULUSLARARASI YAYINCILIK SANAYI VE TICARET A.S.

AKSAM DENIZCILIK VE TICARET A.S.

AKSAM HABER AJANSI A.S.

AKSAMUSTU DENIZCILIK A.S.

ALEM RADYO VE TELEVIZYON YAYINCILIK TICARET A.S.

ANADOLU ULUSLARARASI TICARET VE TASIMACILIK A.S.

A-TEL PAZARLAMA VE SERVIS HIZMETLERI A.S.

ATKASAN ATIK DEGERLENDIRME SANAYI VE TICARET A.S.

ATLAS YAYINCILIK VE TICARET A.S.

ATLAS YAYINCILIK YAPIMCILIK VE REKLAMCILIK A.S.

AVOR INSAAT GIDA TEKSTIL KIMYA SANAYI VE TICARET A.S.

AZERCELL TELECOM BM

AZERONLINE LTD JV

BANQUE DE COMMERCE ET DE PLACEMENTS S.A.

BARBAROS DENIZCILIK ISLETMESI A.S.

BATI DENIZCILIK ISLETMESI A.S.

BAYTUR AL INMAA JSC

BAYTUR GAYRIMENKUL YATIRIM PAZARLAMA A.S.

BAYTUR INSAAT TAAHHUT A.S.

BILYONER INTERAKTIF HIZMETLER A.S.

BMC SANAYI VE TICARET A.S.

CLOSED JOINT-STOCK COMPANY BELARUSSIAN TELECOMMUNICATIONS NETWORK

COMAG ITHALAT IHRACAT MADEN SANAYI TICARET VE YATIRIM A.S.

CORBUSS KURUMSAL TELEKOM SERVIS HIZMETLERI A.S.

CTU CUKUROVA TUKETIM URUNLERI PAZARLAMA SANAYI VE TICARET A.S.

CUKUROVA CELIK ENDUSTRISI A.S.

CUKUROVA FINANCE INTERNATIONAL LTD.

CUKUROVA HAVACILIK A.S.

CUKUROVA HOLDING A.S.

CUKUROVA INSAAT MAKINALARI SANAYI VE TICARET A.S.

CUKUROVA INVESTMENTS N.V.

CUKUROVA ITHALAT VE IHRACAT TURK A.S.

CUKUROVA JENERATOR MUMESSILLIK MUSAVIRLIK A.S.

CUKUROVA KIMYA ENDUSTRISI A.S.

CUKUROVA MAKINA IMALAT VE TICARET A.S.

CUKUROVA MAKINE KIRALAMA PAZARLAMA ITHALAT IHRACAT VE TICARET A.S.

CUKUROVA SANAYI ISLETMELERI T.A.S.

CUKUROVA TELECOM HOLDINGS LIMITED

CUKUROVA ZIRAAT ENDUSTRI VE TICARET A.S.

DAUSSAN CUKUROVA KIMYA DOKUM REFRAKTER MALZEMELERI SANAYI VE TICARET A.S.

DEMIR TOPRAK ITHALAT IHRACAT VE TICARET A.S.

DIGITAL PLATFORM ILETISIM HIZMETLERI A.S.

DIGITAL PLATFORM TEKNOLOJI HIZMETLERI A.S.

DIGITURK HOLDINGS N.V.

DOGU DENIZCILIK VE TICARET A.S.

DOST ILETISIM VE PRODUKSIYON A.S.

DP ACQUISITIONS BV

E.T.H. EUROPEAN TELECOMMUNICATION HOLDING AG

EAST ASIAN CONSORTIUM B.V.

EKSEN YAYINCILIK DAGITIM PAZARLAMA VE DIS TICARET A.S.

EMBO EMAYE VE BOYALI ESYA YAYINCILIK SANAYI VE TICARET A.S.

ENDUSTRI HOLDING A.S.

ETERPARK ENDUSTRI URUNLERI IMALAT TICARET  ITHALAT  IHRACAT VE PAZARLAMA A.S.

ETKEN TEKSTIL ENDUSTRI TICARET A.S.

EUROASIA TELECOMMUNICATIONS HOLDINGS BV

FINANCELL B.V.

FINTUR HOLDINGS B.V.

FINTUR TECHNOLOGIES BV

GAMAT GAZETECILIK MATBACILIK A.S.

GEDEN DENIZCILIK A.S.

GEDEN HOLDINGS LTD.

GENEL DENIZCILIK NAKLIYATI A.S.

GENEL ENERGY INTERNATIONAL LTD.

GENEL ENERJI A.S.

GENEL YAPI YATIRIM INSAAT VE TURIZM A.S.

GENEL YATIRIM A.S.

GEOCELL LLC

GIDA SANAYI VE TICARET A.S.

GLOBAL BILGI PAZARLAMA DANISMA VE CAGRI SERVISI HIZMETLERI A.S.

GURTEL TELEKOMUNIKASYON YATIRIM VE DIS TICARET A.S.

HOBIM BILGI ISLEM HIZMETLERI A.S.

ICS MOLFINTUR SRL

INTA UZAY SISTEMLERI ILETISIM A.S.

INTELTEK INTERNET TEKNOLOJI YATIRIM VE DANISMANLIK TICARET A.S.

INTERCON DANISMANLIK VE EGITIM HIZMETLERI A.S.

INTERDEPO ULUSLARARASI OZEL ANTREPO ISLETMECILIGI A.S.

JUPITER TELEVIZYON YAYINCILIK A.S.

K.V.K. ILETISIM DIS TICARET A.S.

K.V.K. TEKNIK SERVIS HIZMETLERI VE TICARET A.S.

K.V.K. TEKNOLOJI URUNLERI VE TICARET A.S.

K.V.K. YATIRIM HOLDING A.S.

KAPLAMIN AMBALAJ SANAYI VE TICARET A.S.

KARAMKO IMALAT ZIRAAT ENDUSTRI VE TICARET A.S.

KIBRIS MOBILE TELEKOMUNIKASYON LTD.

KULE HIZMET VE ISLETMECILIK A.S.

KURTSON MADEN VE SANAYI ISLETMELERI A.S.

LLC (LIMITED LIABILITY COMPANY) ASTELIT

LLP GSM KAZAKHSTAN OAO

MAYSAN MAKINA VE YEDEK PARCA SANAYI VE TICARET A.S.

MAYSAN MANDO OTOMOTIV PARCALARI SANAYI VE TICARET A.S.

MEDYA PAZARLAMA A.S.

MILLENICOM GMBH

MILLENICOM TELEKOMUNIKASYON HIZMETLERI A.S.

MMEKA MAKINE ITHALAT PAZARLAMA VE TICARET A.S.

MOLDCELL SA

NAMRUN FINANCE S.A.

NOKSEL CELIK BORU SANAYI A.S.

NOKSEL ESPANA S.A

OREN DENIZCILIK NAKLIYAT VE TICARET A.S.

ORUC REIS DENIZCILIK ISLETMESI A.S.

OVA-SCA PACKAGING AMBALAJ SANAYI VE TICARET A.S.

PAMUKSPOR SPOR VE TURIZM HIZMETLERI SANAYI VE TICARET A.S

PERA MADEN SANAYI VE TICARET A.S.

PLUTON TELEVIZYON YAYINCILIK A.S.

PREVEZE BEYNELMILEL NAKLIYAT A.S.

REHBERLIK HIZMETLERI SERVISI A.S.

SAKARYA KENT RADYO TELEVIZYON SANAYI VE TICARET A.S.

SANS OYUNLARI VE TEKNOLOJI A.S.

SAUDI ARABIAN BAYTUR S.A. BAYTUR L.L.C.

SCA PACKAGING AMBALAJ SANAYI VE TICARET A.S.

SELKASAN KAGIT VE PAKETLEME MALZEMELERI IMALATI SAN. VE TIC. A.S.

SEYDI REIS DENIZCILIK ISLETMESI A.S.

SHOW HABER AJANSI LTD. STI.

SINAI VE MALI YATIRIMLAR HOLDING A.S.

SOVTUR ITHALAT IHRACAT VE TICARET A.S.

STARGATE GAYRIMENKUL YATIRIM ITHALAT IHRACAT VE TICARET A.S.

SUPERONLINE ILETISIM HIZMETLERI A.S.

SURTUR B.V.

TALIH KUSU ALTYAPI HIZMETLERI A.S.

TANA TELEVIZYON YAYINCILIK A.S.

TAQ TAQ OPERATING COMPANY LTD.

TMEDYA BASKI TEKNOLOJILERI A.S.

TMEDYA MAGAZIN YAYINCILIK SAN. VE TIC. A.S.

TMEDYA PAZARLAMA VE DIS TICARET A.S.

TMEDYA TELEVIZYON VE YAYINCILIK A.S.

TMEDYA YATIRIM SANAYI VE TICARET A.S.

TOPAZ TELEKOMUNIKASYON YAYINCILIK REKLAMCILIK SAN. VE TIC. A.S

TURIZM ORGANIZASYON VE SEYAHAT TIC. A.S.

TURKCELL GAYRIMENKUL HIZMETLERI A.S.

TURKCELL HOLDING A.S

TURKCELL ILETISIM HIZMETLERI A.S.

TURKCELL KURUMSAL SATIS VE DAGITIM HIZMETLERI A.S.

TURKCELL TEKNOLOJI ARASTIRMA VE GELISTIRME A.S.

TURKISH QATARI BAYTUR GENERAL CONSTRUCTION CO. L.L.C.

TURKTELL BILISIM SERVISLERI A.S.

TURKTELL ULUSLARARASI YATIRIM HOLDING A.S.

UKR TO WER LLC

YENI HIZMET RADYO TELEVIZYON A.S.

ZEDPAS MEDYA PAZARLAMA A.S.

 

SUBSIDIARIES

:

CUKUROVA JENERATOR MUMESSILLIK MUSAVIRLIK LTD. STI.  ( 90 % )

 

BOARD OF DIRECTORS

:

Ali Samsa Karamehmet

Chairman

Fikri Sadi Gucum

Vice-Chairman

Ali Tugrul Tokgoz

Member

Mehmet Mat

Member

Mehmet Bulent Ergin

Member

Mehmet Emin Karamehmet

Member

 

 

DIRECTORS

:

Ali Tugrul Tokgoz

General Manager

 

 

OPERATIONS

 

BUSINESS ACTIVITIES

:

Manufacture and trade of generator.

 

The firm which was established on 25.10.2007 has declared that, it started active operation on 01.08.2009.  

 

 

NUMBER OF EMPLOYEES

:

84

 

NET SALES

:

0 TL

(25.10-31.12.2007) 

0 TL

(2008) 

21.945.106 TL

(2009) 

17.911.014 TL

(01.01-31.03.2010) 

 

 

REMARKS ON NET SALES

:

The net sales figures are declared by the company. There is no certification for these figures.

 

IMPORT COUNTRIES

:

U.K.

Italy

 

MERCHANDISE IMPORTED

:

Alternator

Motor

 

EXPORT COUNTRIES

:

Iran

Iraq

Turkmenistan

Azerbaijan

Syria

 

MERCHANDISE  EXPORTED

:

Generator

 

HEAD OFFICE ADDRESS

:

Boss Sok. No:11 Ege Serbest Bolgesi Gaziemir Izmir / Turkey ( rented )

 

BRANCHES

:

Head Office/Production Plant  :  Boss Sok. No:11 Ege Serbest Bolgesi Gaziemir Izmir/Turkey (rented)

 

INVESTMENTS

:

None

 

 

SIZE OF BUSINESS

:

Large

 

 

FINANCE

 

MAIN DEALING BANKS

:

Garanti Bankasi Ege Serbest Bolgesi Branch

Vakiflar Bankasi Ege Serbest Bolgesi Branch

 

PAYMENT BEHAVIOUR

:

No payment delays have come to our knowledge.

 

 

KEY FINANCIAL ELEMENTS

:

 

(2009) TL

(01.01-31.03.2010) TL

 

 

 

Net Sales

21.945.106

17.911.014

 

 

 

Profit (Loss) Before Tax

1.662.057

3.815.211

 

 

 

Stockholders' Equity

13.662.057

 

 

 

 

Total Assets

21.376.440

 

 

 

 

Current Assets

10.997.167

 

 

 

 

Non-Current Assets

10.399.273

 

 

 

 

Current Liabilities

7.714.383

 

 

 

 

Long-Term Liabilities

0

 

 

 

 

Gross Profit (loss)

1.980.240

4.146.447

 

 

 

Operating Profit (loss)

1.120.103

3.581.785

 

 

 

Net Profit (loss)

0

 

 

 

 

 

 

REMARKS ON KEY FINANCIAL ELEMENTS

:

The key financial figures are declared by the company. There is no certification for these figures.

 

 

COMMENT ON FINANCIAL POSITION

 

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.

 

 

 

Incr. in producers’ price index

 

Average USD/TL

Average EUR/TL

Average GBP/ TL

 ( 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

 ( 01.01-31.03.2010)

4,24 %

1,5128

2,0953

2,3698

 ( 2010 )

8,87 %

1,5128

2,0096

2,3410

 ( 01.01-31.03.2012)

0,65 %

1,7995

2,3799

2,8402


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.51.20

UK Pound

1

Rs.81.50

Euro

1

Rs.67.15

 

 

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.