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Report Date : |
14.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
SAMSUN MAKINA SANAYII A.S. |
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Registered Office : |
Organize Sanayi Bolgesi Yasar Dogu Cad. No:33 55060 Kutlukent Samsun |
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Country : |
Turkey |
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Date of Incorporation : |
20.07.1967 |
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Com. Reg. No.: |
1014-Tekkekoy |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture of infrastructure, irrigation and municipal equipment. The
subject deals with design, manufacture and trade of pumping and piping
equipment, such as pumps, valves, DI pipe fittings, fire hydrants |
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|
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No. of Employees : |
561 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 |
|
Risk Category |
ECGC
Classification |
|
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 |
: |
SAMSUN MAKINA SANAYII A.S. |
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HEAD OFFICE ADDRESS |
: |
Organize Sanayi Bolgesi Yasar Dogu Cad. No:33 55060 Kutlukent Samsun /
Turkey |
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PHONE NUMBER |
: |
90-312-446 35 00 (12 lines)(Administrative Office/Branch Office) 90-362-266 51 60 (Head office/Factory) |
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FAX NUMBER |
: |
90-312-446 35 15 (Administrative Office/Branch Office) 90-362-266 51 62 (Head office/Factory) |
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WEB-ADDRESS |
: |
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E-MAIL |
: |
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NOTES ON
LEGAL STATUS AND HISTORY |
: |
Change at registration
no. |
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TAX OFFICE |
: |
19 Mayis |
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TAX NO |
: |
7420036836 |
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REGISTRATION NUMBER |
: |
1014-Tekkekoy |
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REGISTERED OFFICE |
: |
Samsun Chamber of Commerce and Industry |
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DATE ESTABLISHED |
: |
20.07.1967 |
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LEGAL FORM |
: |
Joint Stock Company |
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TYPE OF COMPANY |
: |
Private |
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REGISTERED CAPITAL |
: |
TL 150.000.000 |
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HISTORY |
: |
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SHAREHOLDERS |
: |
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GROUP |
: |
AYDINER GROUP OF COMPANIES |
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SISTER COMPANIES |
: |
AYBET BETON PREFABRIK YAPI ELEMENLARI SANAYI A.S. AYDEF SAVUNMA SANAYI VE TICARET A.S. AYDINER INSAAT A.S. AYEL ELEKTRIK URETIM SANAYI VE TICARET A.S. AYEN ELEKTRIK TICARET A.S. AYEN ENERJI A.S. AYEN OSTIM ENERJI URETIM A.S. AYER TARIM SANAYI VE TICARET A.S. AYPA PAZARLAMA A.S. AYSET SEYAHAT TURIZM VE OTELCILIK A.S. AYSU AYDINER SU SANAYI VE TICARET A.S. AYTA TARIM URUNLERI PAZARLAMA LTD. STI. KAYSERI ELEKTRIK URETIM SANAYI VE TICARET A.S. LAYNE BOWLER POMPA SANAYI A.S. METAY INSAAT SANAYI VE TICARET A.S. SDS SAMSUN DOKUM SANAYI A.S. |
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SUBSIDIARIES |
: |
AYER TARIM SANAYI VE TICARET A.S. AYSU AYDINER SU SANAYI VE TICARET A.S.
( 18,10 % ) LAYNE BOWLER POMPA SANAYI A.S.
( 92.952 % ) |
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BOARD OF DIRECTORS |
: |
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DIRECTORS |
: |
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BUSINESS ACTIVITIES |
: |
Manufacture of infrastructure, irrigation and municipal equipment. The
subject deals with design, manufacture and trade of pumping and piping
equipment, such as pumps, valves, DI pipe fittings, fire hydrants. |
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NACE CODE |
: |
DK.29.52 |
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NUMBER OF EMPLOYEES |
: |
561 |
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NET SALES |
: |
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IMPORT COUNTRIES |
: |
Switzerland China Germany Taiwan Russia Korea |
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MERCHANDISE IMPORTED |
: |
Magnesium Paint Raw materials Resin |
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EXPORT VALUE |
: |
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EXPORT COUNTRIES |
: |
Italy Jordan Serbia Georgia Ukraine Spain Malaysia Australia Kazakhstan Egypt Northern Cyprus Turkish Republic Algeria Tunisia Morocco France Russia Lebanon Romania |
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MERCHANDISE EXPORTED |
: |
Cast fittings Cast iron Tube |
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HEAD OFFICE ADDRESS |
: |
Organize Sanayi Bolgesi Yasar Dogu Cad. No:33 55060 Kutlukent Samsun /
Turkey ( owned ) |
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BRANCHES |
: |
Head Office/Factory : Organize Sanayi Bolgesi Yasar Dogu Cad.
No:33 55060 Kutlukent Samsun/Turkey (owned) (40.000 sqm) Administrative Office : Yeni Foca Sok. No:2 Ankara/Turkey (rented) |
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TREND OF
BUSINESS |
: |
There was an
upwards trend in 2011. |
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SIZE OF BUSINESS |
: |
Giant |
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MAIN DEALING BANKS |
: |
Akbank Samsun Branch Anadolubank Samsun Branch Garanti Bankasi Samsun 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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THE DETAILS OF
THE CAPITAL INCREASE AFTER LAST
BALANCE SHEET |
: |
Cash Part |
:43.800.000 TL |
|
Equity Part |
:56.200.000 TL |
||
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Payment Due Date |
:28.06.2012 |
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General
Financial Position |
Capitalization
was high as of 31.12.2011. Furthermore there has been capital increase after
the last balance sheet date. |
|
|
Incr. in producers’ price index |
Average USD/TL |
Average EUR/TL |
Average GBP/ TL |
|
( 2005 ) |
2,66 % |
1,3499 |
1,6882 |
2,4623 |
|
( 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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( 2010 ) |
8,87 % |
1,5128 |
2,0096 |
2,3410 |
|
( 2011 ) |
13,33 % |
1,6797 |
2,3378 |
2,6863 |
|
( 01.01-31.07.2012) |
1,71 % |
1,8018 |
2,3285 |
2,8424 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.42 |
|
UK Pound |
1 |
Rs.86.78 |
|
Euro |
1 |
Rs.68.03 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
|
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.