|
Report Date : |
09.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
OYMAN MAKINA SANAYI VE TICARET LTD. STI. |
|
|
|
|
Registered Office : |
Organize Sanayi Bolgesi
Arsin 61900 |
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Country : |
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|
|
|
Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
07.08.1989 |
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Com. Reg. No.: |
158-Arsin |
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Legal Form : |
Limited Company |
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|
|
|
Line of Business : |
Manufacture and trade of hydraulic and pneumatic cylinder
machinery. The firm also deals with
manufacture and trade of machinery to be used at food sector |
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|
|
|
No. of Employees : |
65 |
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 |
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|
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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 |
|
Low |
A2 |
|
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 |
|
NAME |
: |
OYMAN MAKINA SANAYI VE TICARET LTD. STI. |
|
HEAD OFFICE ADDRESS |
: |
Organize Sanayi Bolgesi
Arsin 61900 Trabzon /
Turkey |
|
PHONE NUMBER |
: |
90-462-711 14 76 90-462-711 24 25 |
|
FAX NUMBER |
: |
90-462-711 11 28 |
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WEB-ADDRESS |
: |
|
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E-MAIL |
: |
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TAX OFFICE |
: |
Hizirbey |
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TAX NO |
: |
6490053018 |
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REGISTRATION NUMBER |
: |
158-Arsin |
|
REGISTERED OFFICE |
: |
Trabzon Chamber of Commerce and Industry |
|
DATE ESTABLISHED |
: |
07.08.1989 |
|
LEGAL FORM |
: |
Limited Company |
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TYPE OF COMPANY |
: |
Private |
|
REGISTERED CAPITAL |
: |
TL 25.000 |
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PAID-IN CAPITAL |
: |
TL 25.000 |
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HISTORY |
: |
|
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SHAREHOLDERS |
: |
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||||||
|
SISTER COMPANIES |
: |
Declared to be: None |
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SUBSIDIARIES |
: |
Declared to be: None |
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DIRECTORS |
: |
|
|
BUSINESS ACTIVITIES |
: |
Manufacture and trade of hydraulic and pneumatic cylinder
machinery. The firm also deals with
manufacture and trade of machinery to be used at food sector. |
||||||||||
|
NACE CODE |
: |
DK.29.00 |
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NUMBER OF EMPLOYEES |
: |
65 |
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NET SALES |
: |
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IMPORT VALUE |
: |
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HEAD OFFICE ADDRESS |
: |
Organize Sanayi Bolgesi
Arsin 61900 Trabzon /
Turkey ( owned ) |
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|
BRANCHES |
: |
Head Office/Production Plant
: Organize Sanayi
Bolgesi Arsin 61900 Trabzon/Turkey (owned) |
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TREND OF
BUSINESS |
: |
There was an
upwards trend in 2011. |
|
SIZE OF BUSINESS |
: |
Medium |
|
MAIN DEALING BANKS |
: |
Garanti Bankasi Merkez Branch Yapi ve Kredi Bankasi Merkez Branch |
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CREDIT FACILITIES |
: |
The subject rarely makes use of credit facilities. |
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PAYMENT BEHAVIOUR |
: |
We are informed about numerous payment delays some of which were
resolved later on.. |
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|
KEY FINANCIAL ELEMENTS |
: |
|
|
Capitalization |
Satisfactory As
of 31.12.2011 |
|
Liquidity |
Satisfactory As
of 31.12.2011 |
|
Profitability |
Fair Operating
Profitability in 2010 Low Net
Profitability in 2010 Fair Operating Profitability in 2011 Good Net
Profitability in 2011 |
|
Gap between
average collection and payable periods |
Unfavorable in
2011 |
|
General
Financial Position |
Satisfactory |
|
|
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 |
|
|
( 31.12.2010 ) TL |
|
( 31.12.2011 ) TL |
|
|
CURRENT ASSETS |
3.421.123 |
0,61 |
3.730.969 |
0,64 |
|
Not Detailed
Current Assets |
0 |
0,00 |
0 |
0,00 |
|
Cash and Banks |
759.385 |
0,14 |
450.062 |
0,08 |
|
Marketable
Securities |
0 |
0,00 |
0 |
0,00 |
|
Account
Receivable |
740.853 |
0,13 |
1.477.789 |
0,25 |
|
Other Receivable |
0 |
0,00 |
0 |
0,00 |
|
Inventories |
1.517.734 |
0,27 |
970.112 |
0,17 |
|
Advances Given |
50.686 |
0,01 |
8.061 |
0,00 |
|
Accumulated
Construction Expense |
0 |
0,00 |
0 |
0,00 |
|
Other Current
Assets |
352.465 |
0,06 |
824.945 |
0,14 |
|
NON-CURRENT
ASSETS |
2.168.982 |
0,39 |
2.069.822 |
0,36 |
|
Not Detailed
Non-Current Assets |
0 |
0,00 |
0 |
0,00 |
|
Long-term
Receivable |
524 |
0,00 |
523 |
0,00 |
|
Financial Assets |
0 |
0,00 |
0 |
0,00 |
|
Tangible Fixed
Assets (net) |
1.109.833 |
0,20 |
1.003.411 |
0,17 |
|
Intangible
Assets |
860.247 |
0,15 |
867.445 |
0,15 |
|
Deferred Tax
Assets |
0 |
0,00 |
0 |
0,00 |
|
Other
Non-Current Assets |
198.378 |
0,04 |
198.443 |
0,03 |
|
TOTAL ASSETS |
5.590.105 |
1,00 |
5.800.791 |
1,00 |
|
CURRENT
LIABILITIES |
3.223.853 |
0,58 |
3.298.597 |
0,57 |
|
Not Detailed
Current Liabilities |
0 |
0,00 |
0 |
0,00 |
|
Financial Loans |
11.970 |
0,00 |
47.000 |
0,01 |
|
Accounts Payable |
787.947 |
0,14 |
1.279.932 |
0,22 |
|
Loans from
Shareholders |
0 |
0,00 |
0 |
0,00 |
|
Other Short-term
Payable |
397.131 |
0,07 |
0 |
0,00 |
|
Advances from
Customers |
1.652.636 |
0,30 |
1.778.250 |
0,31 |
|
Accumulated
Construction Income |
0 |
0,00 |
0 |
0,00 |
|
Taxes Payable |
344.157 |
0,06 |
148.746 |
0,03 |
|
Provisions |
30.012 |
0,01 |
44.669 |
0,01 |
|
Other Current
Liabilities |
0 |
0,00 |
0 |
0,00 |
|
LONG-TERM
LIABILITIES |
83.903 |
0,02 |
20.426 |
0,00 |
|
Not Detailed
Long-term Liabilities |
0 |
0,00 |
0 |
0,00 |
|
Financial Loans |
83.903 |
0,02 |
20.426 |
0,00 |
|
Securities
Issued |
0 |
0,00 |
0 |
0,00 |
|
Long-term
Payable |
0 |
0,00 |
0 |
0,00 |
|
Loans from
Shareholders |
0 |
0,00 |
0 |
0,00 |
|
Other Long-term
Liabilities |
0 |
0,00 |
0 |
0,00 |
|
Provisions |
0 |
0,00 |
0 |
0,00 |
|
STOCKHOLDERS'
EQUITY |
2.282.349 |
0,41 |
2.481.768 |
0,43 |
|
Not Detailed
Stockholders' Equity |
0 |
0,00 |
0 |
0,00 |
|
Paid-in Capital |
25.000 |
0,00 |
25.000 |
0,00 |
|
Cross
Shareholding Adjustment of Capital |
0 |
0,00 |
0 |
0,00 |
|
Inflation
Adjustment of Capital |
12.424 |
0,00 |
12.424 |
0,00 |
|
Equity of
Consolidated Firms |
0 |
0,00 |
0 |
0,00 |
|
Reserves |
2.373.584 |
0,42 |
2.374.974 |
0,41 |
|
Revaluation Fund |
0 |
0,00 |
0 |
0,00 |
|
Accumulated
Losses(-) |
-130.049 |
-0,02 |
-130.049 |
-0,02 |
|
Net Profit
(loss) |
1.390 |
0,00 |
199.419 |
0,03 |
|
TOTAL
LIABILITIES AND EQUITY |
5.590.105 |
1,00 |
5.800.791 |
1,00 |
|
REMARKS ON
FINANCIAL STATEMENT |
: |
At the financial
statements according to TAS, "Cheques Received" and "Outstanding Cheques"
figures are under “Cash And Banks" figure. Beginning from the
financial statements of 31.12.2011, "Cheques
Received" and "Outstanding Cheques" figures
will be given under
"Account Receivable" figure and "Account Payable" figure
respectively.
|
|
|
(2010)
TL |
|
(2011)
TL |
|
|
Net Sales |
2.253.894 |
1,00 |
4.923.589 |
1,00 |
|
Cost of Goods
Sold |
2.075.128 |
0,92 |
4.588.600 |
0,93 |
|
Gross Profit |
178.766 |
0,08 |
334.989 |
0,07 |
|
Operating
Expenses |
144.158 |
0,06 |
186.892 |
0,04 |
|
Operating
Profit |
34.608 |
0,02 |
148.097 |
0,03 |
|
Other Income |
0 |
0,00 |
107.011 |
0,02 |
|
Other Expenses |
3.205 |
0,00 |
179 |
0,00 |
|
Financial
Expenses |
0 |
0,00 |
0 |
0,00 |
|
Minority
Interests |
0 |
0,00 |
0 |
0,00 |
|
Profit (loss)
of consolidated firms |
0 |
0,00 |
0 |
0,00 |
|
Profit (loss)
Before Tax |
31.403 |
0,01 |
254.929 |
0,05 |
|
Tax Payable |
30.013 |
0,01 |
55.510 |
0,01 |
|
Postponed Tax
Gain |
0 |
0,00 |
0 |
0,00 |
|
Net Profit
(loss) |
1.390 |
0,00 |
199.419 |
0,04 |
|
|
(2010) |
(2011) |
|
LIQUIDITY
RATIOS |
|
|
|
Current Ratio |
1,06 |
1,13 |
|
Acid-Test Ratio |
0,47 |
0,58 |
|
Cash Ratio |
0,24 |
0,14 |
|
ASSET STRUCTURE
RATIOS |
|
|
|
Inventory/Total
Assets |
0,27 |
0,17 |
|
Short-term
Receivable/Total Assets |
0,13 |
0,25 |
|
Tangible
Assets/Total Assets |
0,20 |
0,17 |
|
TURNOVER RATIOS |
|
|
|
Inventory
Turnover |
1,37 |
4,73 |
|
Stockholders'
Equity Turnover |
0,99 |
1,98 |
|
Asset Turnover |
0,40 |
0,85 |
|
FINANCIAL
STRUCTURE |
|
|
|
Stockholders'
Equity/Total Assets |
0,41 |
0,43 |
|
Current
Liabilities/Total Assets |
0,58 |
0,57 |
|
Financial
Leverage |
0,59 |
0,57 |
|
Gearing Percentage |
1,45 |
1,34 |
|
PROFITABILITY
RATIOS |
|
|
|
Net
Profit/Stockholders' Eq. |
0,00 |
0,08 |
|
Operating
Profit Margin |
0,02 |
0,03 |
|
Net Profit
Margin |
0,00 |
0,04 |
|
Interest Cover |
|
|
|
COLLECTION-PAYMENT |
|
|
|
Average
Collection Period (days) |
118,42 |
108,09 |
|
Average Payable
Period (days) |
136,70 |
100,42 |
|
WORKING CAPITAL |
197270,00 |
432372,00 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.34 |
|
UK Pound |
1 |
Rs.86.09 |
|
Euro |
1 |
Rs.69.37 |
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 |
|
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.