MIRA INFORM REPORT

 

 

Report Date :           

28.02.2012

 

IDENTIFICATION DETAILS

 

Name :

DEHSETILER MAKINA CELIK YAPI SISTEMLERI SANAYI TICARET ITHALAT IHRACAT LTD. STI.

 

 

Registered Office :

Afyonkarahisar Organize Sanayi Bolgesi 2. Cadde No:18  Afyon

 

 

Country :

Turkey

 

 

Date of Incorporation :

24.10.2001

 

 

Com. Reg. No.:

8331

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacture and assembly of grain storage systems and silos for commercial use.

 

 

No. of Employees :

35

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Turkey

b1

b1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


 

NOTES

:

Address at your inquiry is the former address.

 

 

COMPANY IDENTIFICATION

 

NAME

:

DEHSETILER MAKINA CELIK YAPI SISTEMLERI SANAYI TICARET ITHALAT IHRACAT LTD. STI.

HEAD OFFICE ADDRESS

:

Afyonkarahisar Organize Sanayi Bolgesi 2. Cadde No:18  Afyon / Turkey

PHONE NUMBER

:

90-272-221 12 61

 

FAX NUMBER

:

90-272-221 15 27

 

WEB-ADDRESS

:

www.dehsetiler.com

 

 

LEGAL STATUS AND HISTORY

 

TAX OFFICE

:

Kocatepe

TAX NO

:

2730301359

REGISTRATION NUMBER

:

8331

REGISTERED OFFICE

:

Afyonkarahisar Chamber of Commerce and Industry

DATE ESTABLISHED

:

24.10.2001

ESTABLISHMENT GAZETTE DATE/NO

:

01.11.2001/5415

LEGAL FORM

:

Limited Company

TYPE OF COMPANY

:

Private

REGISTERED CAPITAL

:

TL   1.200.000

PAID-IN CAPITAL

:

TL   1.200.000

HISTORY

:

Previous Registered Capital

:

TL 20.000

Changed On

:

26.03.2010 (Commercial Gazette Date /Number 07.04.2010/ 7538)

Previous Address

:

Afyonkarahisar Organize Sanayi Bolgesi 1. Cadde 8. Sokak No: 3 Afyonkarahisar

Changed On

:

26.03.2010 (Commercial Gazette Date /Number 07.04.2010/ 7538)

 


OWNERSHIP / MANAGEMENT

 

SHAREHOLDERS

:

Volkan Ragip Yurter

33,33 %

Hakan Yurter

33,33 %

Mehmet Melih Yurter

33,33 %

 

 

SISTER COMPANIES

:

DEHSETILER YEM GIDA VE MAKINA SANAYI TICARET LTD. STI.

MEHMET MELIH YURTER

 

SUBSIDIARIES

:

Declared to be: None

 

DIRECTORS

:

Mehmet Melih Yurter

 

Hakan Yurter

 

Volkan Ragip Yurter

 

 

 

OPERATIONS

 

BUSINESS ACTIVITIES

:

Manufacture and assembly of grain storage systems and silos for commercial use.

 

NUMBER OF EMPLOYEES

:

35

 

NET SALES

:

4.000.000 TL

(2009) 

9.000.000 TL

(2010) 

12.000.000 TL

(2011) 

 

 

REMARKS ON NET SALES

:

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

 

IMPORT COUNTRIES

:

Finland

China

 

MERCHANDISE IMPORTED

:

Equipment

Machinery

 

 

EXPORT COUNTRIES

:

Kazakhstan

Egypt

Pakistan

Iraq

 

MERCHANDISE  EXPORTED

:

Grain milling machinery

Silo

 

HEAD OFFICE ADDRESS

:

Afyonkarahisar Organize Sanayi Bolgesi 2. Cadde No:18  Afyon / Turkey ( owned )

 

BRANCHES

:

Head Office/Factory  :  Afyonkarahisar Organize Sanayi Bolgesi 2. Cadde No:18 Afyon/Turkey (owned) (10.000 sqm)

 

 

 

TREND OF BUSINESS

:

There was an upwards trend in  2011.

 

 

FINANCE

 

MAIN DEALING BANKS

:

Albaraka Turk Katilim Bankasi Afyonkarahisar Branch

Turkiye Cumhuriyeti Ziraat Bankasi Afyonkarahisar Branch

Turkiye Garanti Bankasi Afyonkarahisar Branch

Turkiye Halk Bankasi Afyonkarahisar Branch

 

PAYMENT BEHAVIOUR

:

No payment delays have come to our knowledge.

 

 

 

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

 ( 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

 ( 01.01-31.01.2012)

0,38 %

1,8353

2,3964

2,8635

 


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.49.05

UK Pound

1

Rs.77.78

Euro

1

Rs.65.89

 

 

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.