MIRA INFORM REPORT
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Report Date : |
12.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
YAVUZ ILAC ECZA DEPOSU MEDIKAL URUNLER SANAYI
VE TICARET A.S. |
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Registered Office : |
Yukari Dudullu Mah. Akinci Sok. No:14 Zemin Kat Umraniye |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
06.05.2004 |
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Com. Reg. No.: |
522666 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Wholesale trade of
medicine |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
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 : |
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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 |
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NAME |
: |
YAVUZ ILAC ECZA DEPOSU MEDIKAL URUNLER SANAYI VE TICARET A.S. |
|
HEAD OFFICE ADDRESS |
: |
Yukari Dudullu Mah. Akinci Sok. No:14 Zemin Kat
Umraniye Istanbul / Turkey |
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PHONE NUMBER |
: |
90-216-466 55 66 |
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FAX NUMBER |
: |
90-216-365 52 18 |
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TAX OFFICE |
: |
Sarigazi |
|
TAX NO |
: |
9420446746 |
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REGISTRATION NUMBER |
: |
522666 |
|
REGISTERED OFFICE |
: |
Istanbul Chamber of Commerce |
|
DATE ESTABLISHED |
: |
06.05.2004 |
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ESTABLISHMENT GAZETTE DATE/NO |
: |
13.05.2004/6049 |
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LEGAL FORM |
: |
Joint Stock Company |
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TYPE OF COMPANY |
: |
Private |
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REGISTERED CAPITAL |
: |
TL 1.000.000 |
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PAID-IN CAPITAL |
: |
TL 1.000.000 |
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HISTORY |
: |
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SHAREHOLDERS |
: |
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GROUP |
: |
ATAMIS GROUP OF COMPANIES |
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SISTER COMPANIES |
: |
ABIS ILAC SANAYI A.S. ATACAN ILAC TANITIM PAZARLAMA TICARET VE SANAYI A.S. ATAMIS ILAC SANAYI A.S. ATLAS ILAC PAZARLAMA TICARET A.S. FARMASER ILAC ECZA DEPOSU MEDIKAL VE KOZMETIK URUNLER SANAYI VE
TICARET LTD. STI. OZUGUC INSAAT TAAHUT TICARET SANAYI A.S. OZUGUC ORGANIZASYON GIDA TURIZM INSAAT TEKSTIL URUNLERI SANAYI VE
TICARET LTD. STI. |
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BOARD OF DIRECTORS |
: |
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BUSINESS ACTIVITIES |
: |
Wholesale trade of medicine. The subject orders medicine to be manufactured in the name of the subject
company to contract manufacturers. |
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NACE CODE |
: |
G .51.46 |
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SECTOR |
: |
Commerce |
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NET SALES |
: |
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CAPACITY |
: |
None |
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PRODUCTION |
: |
None |
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IMPORT COUNTRIES |
: |
Germany Italy Switzerland India |
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MERCHANDISE IMPORTED |
: |
Raw materials |
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EXPORT VALUE |
: |
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HEAD OFFICE ADDRESS |
: |
Yukari Dudullu Mah. Akinci Sok. No:14 Zemin Kat
Umraniye Istanbul / Turkey ( owned by shareholder(s) ) |
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INVESTMENTS |
: |
None |
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TREND OF BUSINESS |
: |
There was a decline at business volume in nominal terms in 2011. |
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SIZE OF BUSINESS |
: |
Large |
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MAIN DEALING BANKS |
: |
T. C. Ziraat Bankasi Umraniye Branch Yapi ve Kredi Bankasi Tavukcuyolu Branch |
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CREDIT FACILITIES |
: |
No credit facility has come to our knowledge. |
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PAYMENT BEHAVIOUR |
: |
We are informed about a few payment delays in the former years which
were resolved later on |
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KEY FINANCIAL ELEMENTS |
: |
|
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Capitalization |
Not in order As of 31.12.2010 |
|
Remarks on Capitalization |
Major part of stockholders’ equity consists of profit. |
|
Liquidity |
Low As of 31.12.2010 |
|
Remarks On Liquidity |
The unfavorable gap between average collection and average payable
period has an adverse effect on liquidity.
The liquid assets consist mainly of receivables the amount of
cash&banks or marketable securities (which are more liquid) are low. |
|
Profitability |
In Order Operating Profitability
in 2010 High Net Profitability in 2010 Low Operating Profitability in
2011 Fair Net Profitability in 2011 |
|
Gap between average collection and payable periods |
Unfavorable in 2010 |
|
General Financial Position |
Not in order |
|
|
Incr. in producers’ price index |
Average USD/TL |
Average EUR/TL |
Average GBP/ TL |
|
( 2009 ) |
5,93 % |
1,5460 |
2,1529 |
2,4094 |
|
( 2010 ) |
8,87 % |
1,5128 |
2,0096 |
2,3410 |
|
( 2011 ) |
13,33 % |
1,6797 |
2,3378 |
2,6863 |
|
( 01.01-31.03.2012) |
0,65 % |
1,7995 |
2,3799 |
2,8402 |
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|
( 31.12.2010 ) TL |
|
|
CURRENT ASSETS |
24.128.650 |
0,81 |
|
Not Detailed Current Assets |
0 |
0,00 |
|
Cash and Banks |
76.194 |
0,00 |
|
Marketable Securities |
0 |
0,00 |
|
Account Receivable |
5.472.328 |
0,18 |
|
Other Receivable |
13.615.300 |
0,46 |
|
Inventories |
512.433 |
0,02 |
|
Advances Given |
2.277.099 |
0,08 |
|
Accumulated Construction Expense |
0 |
0,00 |
|
Other Current Assets |
2.175.296 |
0,07 |
|
NON-CURRENT ASSETS |
5.574.599 |
0,19 |
|
Not Detailed Non-Current Assets |
0 |
0,00 |
|
Long-term Receivable |
4.400.000 |
0,15 |
|
Financial Assets |
0 |
0,00 |
|
Tangible Fixed Assets (net) |
17.683 |
0,00 |
|
Intangible Assets |
1.156.916 |
0,04 |
|
Deferred Tax Assets |
0 |
0,00 |
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Other Non-Current Assets |
0 |
0,00 |
|
TOTAL ASSETS |
29.703.249 |
1,00 |
|
CURRENT LIABILITIES |
28.572.029 |
0,96 |
|
Not Detailed Current Liabilities |
0 |
0,00 |
|
Financial Loans |
0 |
0,00 |
|
Accounts Payable |
1.938 |
0,00 |
|
Loans from Shareholders |
0 |
0,00 |
|
Other Short-term Payable |
20.112.865 |
0,68 |
|
Advances from Customers |
7.966.751 |
0,27 |
|
Accumulated Construction Income |
0 |
0,00 |
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Taxes Payable |
490.475 |
0,02 |
|
Provisions |
0 |
0,00 |
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Other Current Liabilities |
0 |
0,00 |
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LONG-TERM LIABILITIES |
0 |
0,00 |
|
Not Detailed Long-term Liabilities |
0 |
0,00 |
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Financial Loans |
0 |
0,00 |
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Securities Issued |
0 |
0,00 |
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Long-term Payable |
0 |
0,00 |
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Loans from Shareholders |
0 |
0,00 |
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Other Long-term Liabilities |
0 |
0,00 |
|
Provisions |
0 |
0,00 |
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STOCKHOLDERS' EQUITY |
1.131.220 |
0,04 |
|
Not Detailed Stockholders' Equity |
0 |
0,00 |
|
Paid-in Capital |
1.000.000 |
0,03 |
|
Cross Shareholding Adjustment of Capital |
0 |
0,00 |
|
Inflation Adjustment of Capital |
1.449 |
0,00 |
|
Equity of Consolidated Firms |
0 |
0,00 |
|
Reserves |
1.138.188 |
0,04 |
|
Revaluation Fund |
0 |
0,00 |
|
Accumulated Losses(-) |
-3.185.196 |
-0,11 |
|
Net Profit (loss) |
2.176.779 |
0,07 |
|
TOTAL LIABILITIES AND EQUITY |
29.703.249 |
1,00 |
|
REMARKS ON FINANCIAL STATEMENT |
: |
At the last income statement, TL 768.762 of the other income is due to
"Interest Income" . |
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|
(2010) TL |
|
(2011) TL |
|
|
Net Sales |
25.548.946 |
1,00 |
16.208.081 |
1,00 |
|
Cost of Goods Sold |
20.260.565 |
0,79 |
10.476.409 |
0,65 |
|
Gross Profit |
5.288.381 |
0,21 |
5.731.672 |
0,35 |
|
Operating Expenses |
4.139.328 |
0,16 |
5.612.621 |
0,35 |
|
Operating Profit |
1.149.053 |
0,04 |
119.051 |
0,01 |
|
Other Income |
2.110.108 |
0,08 |
822.469 |
0,05 |
|
Other Expenses |
6.223 |
0,00 |
59.324 |
0,00 |
|
Financial Expenses |
1.076.159 |
0,04 |
406.101 |
0,03 |
|
Minority Interests |
0 |
0,00 |
0 |
0,00 |
|
Profit (loss) of consolidated firms |
0 |
0,00 |
0 |
0,00 |
|
Profit (loss) Before Tax |
2.176.779 |
0,09 |
476.095 |
0,03 |
|
Tax Payable |
0 |
0,00 |
0 |
0,00 |
|
Postponed Tax Gain |
0 |
0,00 |
0 |
0,00 |
|
Net Profit (loss) |
2.176.779 |
0,09 |
476.095 |
0,03 |
|
|
(2010) |
|
LIQUIDITY RATIOS |
|
|
Current Ratio |
0,84 |
|
Acid-Test Ratio |
0,67 |
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Cash Ratio |
0,00 |
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ASSET STRUCTURE RATIOS |
|
|
Inventory/Total Assets |
0,02 |
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Short-term Receivable/Total Assets |
0,64 |
|
Tangible Assets/Total Assets |
0,00 |
|
TURNOVER RATIOS |
|
|
Inventory Turnover |
39,54 |
|
Stockholders' Equity Turnover |
22,59 |
|
Asset Turnover |
0,86 |
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FINANCIAL STRUCTURE |
|
|
Stockholders' Equity/Total Assets |
0,04 |
|
Current Liabilities/Total Assets |
0,96 |
|
Financial Leverage |
0,96 |
|
Gearing Percentage |
25,26 |
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PROFITABILITY RATIOS |
|
|
Net Profit/Stockholders' Eq. |
1,92 |
|
Operating Profit Margin |
0,04 |
|
Net Profit Margin |
0,09 |
|
Interest Cover |
3,02 |
|
COLLECTION-PAYMENT |
|
|
Average Collection Period (days) |
139,11 |
|
Average Payable Period (days) |
0,03 |
|
WORKING CAPITAL |
-4443379,00 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.55 |
|
UK Pound |
1 |
Rs.81.95 |
|
Euro |
1 |
Rs.67.57 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.