MIRA INFORM REPORT

 

 

Report Date :           

25.01.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

METAL MATRIS SANAYI VE TICARET A.S.

 

 

Registered Office :

Organize Sanayi Bolgesi 37. Cad. No:6 Kayseri

 

 

Country :

Turkey

 

 

Date of Incorporation :

27.04.2004

 

 

Com. Reg. No.:

26804

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Manufacture and trade of bedspring and spring mattress units

 

 

No. of Employees :

135

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

4.500.000 USD

Status :

Satisfactory

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

:

Full name of the firm was missing at your inquiry.

 

Address at your inquiry was changed by the authority/municipality.

 

 

COMPANY IDENTIFICATION

 

NAME

:

METAL MATRIS SANAYI VE TICARET A.S.

HEAD OFFICE ADDRESS

:

Organize Sanayi Bolgesi 37. Cad. No:6 Kayseri / Turkey

REMARKS ON HEAD OFFICE ADDRESS

:

The address has been changed from "6. Cad. No: 3 " to "37. Cad. No:6" by the municipality.

PHONE NUMBER

:

90-352-322 04 50

 

FAX NUMBER

:

90-352-323 04 54

 

WEB-ADDRESS

:

www.metalmatris.com.tr

E-MAIL

:

metalmatris@metalmatris.com.tr

 

 

LEGAL STATUS AND HISTORY

 

TAX OFFICE

:

Mimar Sinan

TAX NO

:

6190417478

REGISTRATION NUMBER

:

26804

REGISTERED OFFICE

:

Kayseri Chamber of Commerce

DATE ESTABLISHED

:

27.04.2004

ESTABLISHMENT GAZETTE DATE/NO

:

27.05.2004/6058

LEGAL FORM

:

Joint Stock Company

TYPE OF COMPANY

:

Private

REGISTERED CAPITAL

:

TL   25.000.000

HISTORY

:

Previous Registered Capital

:

TL 15.000.000

Changed On

:

30.06.2010 (Commercial Gazette Date /Number 13.07.2010/ 7605)

 

 

OWNERSHIP / MANAGEMENT

 

SHAREHOLDERS

:

Sukru Baktir

14 %

Fevzi Mercan

13,12 %

Halit Ozkaya

12,06 %

Ersan Ozbek

8 %

Zafer Baktir

6,34 %

Sukru Baktir

6,34 %

Necmettin Baktir

6,34 %

Ali Baktir

6,34 %

Alper Ozkaya

 

Serdar Ozkaya

 

Burhanettin Mercan

 

Sahin Ozbek

 

Ayhan Ozbek

 

H.Ahmet Ozbek

 

 

 

GROUP

:

HAS CELIK GROUP OF COMPANIES

 

SISTER COMPANIES

:

COREAL ALUMINYUM KABLO SANAYI TICARET A.S.

HAS CELIK VE HALAT SANAYI TICARET A.S.

MERCAN TEKSTIL GIYIM SANAYI VE TICARET A.S.

OZBEK TEKSTIL VE GIDA URUNLERI SANAYI VE TICARET A.S.

PENTA KIMYEVI MADDELER SANAYI VE TICARET A.S.

 

BOARD OF DIRECTORS

:

Necmettin Baktir

Chairman

Sahin Ozbek

Member

Zafer Baktir

Member

Fevzi Mercan

Member

Alper Ozkaya

Member

 

 

OPERATIONS

 

BUSINESS ACTIVITIES

:

Manufacture and trade of bedspring and spring mattress units. 

 

NACE CODE

:

DN.36.15

 

NUMBER OF EMPLOYEES

:

135

 

NET SALES

:

38.443 TL Thousand

(2006) 

48.889 TL Thousand

(2007) 

59.498 TL Thousand

(2008) 

54.904.431 TL

(2009) 

67.168.252 TL

(2010) 

 

 

IMPORT COUNTRIES

:

Sweden

Germany

Belgium

 

MERCHANDISE IMPORTED

:

Raw materials

 

EXPORT VALUE

:

9.824.000 USD

(2007)

13.833.000 USD

(2008)

12.383 USD Thousand

(2009)

17.161 USD Thousand

(2010)

 

 

EXPORT COUNTRIES

:

Azerbaijan

Libya

Syria

Bulgaria

U.K.

Romania

Pakistan

Jordan

Iran

Iraq

Lebanon

Northern Cyprus Turkish Republic

Brazil

Egypt

Georgia

Poland

Italy

Ireland

 

MERCHANDISE  EXPORTED

:

Bedspring

Spring mattress units

 

 

HEAD OFFICE ADDRESS

:

Organize Sanayi Bolgesi 37. Cad. No:6 Kayseri / Turkey

 

BRANCHES

:

Head Office/Factory  :  Organize Sanayi Bolgesi 37. Cad. No:6 Kayseri/Turkey

 

 

TREND OF BUSINESS

:

There was an upwards trend in  2010.

SIZE OF BUSINESS

:

Large

 

 

FINANCE

 

MAIN DEALING BANKS

:

Finansbank Kayseri Branch

Garanti Bankasi Organize Sanayi Branch

ING Bank Kayseri Merkez Branch

T.Halk Bankasi Organize Sanayi Branch

T.Is Bankasi Kayseri Branch

 

PAYMENT BEHAVIOUR

:

We are informed about a single payment delay in the last years which was resolved later on.

 

KEY FINANCIAL ELEMENTS

:

 

(2009) TL

(2010) TL

 

 

 

Net Sales

54.904.431

67.168.252

 

 

 

Profit (Loss) Before Tax

2.453.863

4.707.953

 

 

 

Stockholders' Equity

20.047.037

23.770.493

 

 

 

Total Assets

37.834.220

45.268.511

 

 

 

 

 

 

 

COMMENT ON FINANCIAL POSITION

 

Capitalization

Good As of 31.12.2010

Profitability

Good Net Profitability  in 2009

High Net Profitability  in 2010

 

General Financial Position

Satisfactory

 

 

CREDIT OPINION WITHOUT OBLIGATION

 

CREDIT OPINION WITHOUT OBLIGATION

 

:

We are of the opinion that, a max. credit of 4.500.000 USD may be granted to the subject company.

 

 

Incr. in producers’ price index

 

Average USD/TL

Average EUR/TL

Average GBP/ TL

 ( 2006 )

11,58 %

1,4309

1,7987

2,6377

 ( 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

 ( 2010 )

8,87 %

1,5128

2,0096

2,3410

 ( 2011 )

13,33 %

1,6797

2,3378

2,6863

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.97

UK Pound

1

Rs.77.74

Euro

1

Rs.65.09

 

 

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.