MIRA INFORM REPORT

 

 

Report Date :

10.05.2012

 

IDENTIFICATION DETAILS

 

Name :

HAVASAN MAKINA SANAYI VE TICARET A.S.

 

 

Registered Office :

Yenibosna Mah. Basin Ekspres Yolu Cinar Cad. No:20 Bahcelievler Istanbul

 

 

Country :

Turkey

 

 

Date of Incorporation :

17.01.1977

 

 

Com. Reg. No.:

143910

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Trader of compressor

 

 

No. of Employees :

Not Available

 

 

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 – 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

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

 

REMARKS

:

The address stated at your inquiry "Marmara Sanayi Sitesi P Blok No:422 Istanbul" is the former branch office address of the firm.

 

 

COMPANY IDENTIFICATION

 

NAME

:

HAVASAN MAKINA SANAYI VE TICARET A.S.

HEAD OFFICE ADDRESS

:

Yenibosna Mah. Basin Ekspres Yolu Cinar Cad. No:20 Bahcelievler Istanbul / Turkey

PHONE NUMBER

:

90-212-494 44 00

 

FAX NUMBER

:

90-212-494 44 99

 

WEB-ADDRESS

:

www.havasan.com.tr

 

 

LEGAL STATUS AND HISTORY

 

NOTES ON LEGAL STATUS AND HISTORY

:

The paid-in capital is declared by the subject. There is no certification for the paid-in capital.

 

 

TAX OFFICE

:

Yeni Bosna

TAX NO

:

4600001173

REGISTRATION NUMBER

:

143910

REGISTERED OFFICE

:

Istanbul Chamber of Commerce

DATE ESTABLISHED

:

17.01.1977

ESTABLISHMENT GAZETTE DATE/NO

:

24.01.1977/143

LEGAL FORM

:

Joint Stock Company

TYPE OF COMPANY

:

Private

REGISTERED CAPITAL

:

TL   350.000

PAID-IN CAPITAL

:

TL   350.000

HISTORY

:

Previous Registered Capital

:

TL 5.000

Changed On

:

13.06.2005 (Commercial Gazette Date /Number 16.06.2005/ 6326)

Previous Registered Capital

:

TL 50.000

Changed On

:

29.12.2006 (Commercial Gazette Date /Number 11.01.2007/ 6721)

Previous Address

:

IETT Graj Karsisi Komsan Sitesi Kat:2 Halkali Ikitelli - Istanbul

Changed On

:

27.03.2008 (Commercial Gazette Date /Number 02.04.2008/ 7033)

Previous Address

:

Ataturk Mah. Marmara Kucuk Sanayi Sitesi H Blok No:153 Ikitelli Kucukcekmece - Istanbul

Changed On

:

15.08.2011 (Commercial Gazette Date /Number 19.08.2011/ 7884)

 

 

OWNERSHIP / MANAGEMENT

 

SHAREHOLDERS

:

Hilmi Kaya Atilla

 

Tolon Tasan

 

Mustafa Turkoglu

 

Rifat Bahadir Kuzucan

 

Mehmet Bora Kuzucan

 

Atilla Cengiz Kuzucan

 

 

 

SISTER COMPANIES

:

KOMSAN GAYRIMENKUL GELISTIRME VE YATIRIM A.S.

KOMSAN KOMPRESOR SANAYI VE TICARET A.S.

KOMSAN OTOMOTIV SANAYI VE TICARET A.S.

 

SUBSIDIARIES

:

Declared to be: None

 

BOARD OF DIRECTORS

:

Atilla Cengiz Kuzucan

 

Mustafa Turkoglu

 

Rifat Bahadir Kuzucan

 

 

 

OPERATIONS

 

BUSINESS ACTIVITIES

:

Trade of compressor.

 

NACE CODE

:

G .51.87

 

SECTOR

:

Commerce

 

TRADEMARKS TRADED

:

Havasan

 

NUMBER OF EMPLOYEES

:

0

 

REMARKS ON NUMBER OF EMPLOYEES

:

The firm has no employees. Operations are carried out by the sister company Komsan Kompresor's employees.

 

NET SALES

:

4.000.000 TL

(2011) 

 

 

REMARKS ON NET SALES

:

The sales figure of 2011 is declared by the subject. There is no certification for this figure.

 

CAPACITY

:

None

 

PRODUCTION

:

None

 

IMPORT COUNTRIES

:

China

U.K.

Italy

Germany

 

MERCHANDISE IMPORTED

:

Compressors and equipments

 

HEAD OFFICE ADDRESS

:

Yenibosna Mah. Basin Ekspres Yolu Cinar Cad. No:20 Bahcelievler Istanbul / Turkey ( rented )

 

INVESTMENTS

:

None

 

 

 

SIZE OF BUSINESS

:

Upper-Medium

 

 

FINANCE

 

MAIN DEALING BANKS

:

HSBC Bank Silivri Branch

 

PAYMENT BEHAVIOUR

:

No payment delays have come to our knowledge.

 

KEY FINANCIAL ELEMENTS

:

 

(2011) TL

 

 

 

 

Net Sales

4.000.000

 

 

 

 

Profit (Loss) Before Tax

149.700

 

 

 

 

Stockholders' Equity

1.800.000

 

 

 

 

Total Assets

8.200.000

 

 

 

 

 

 

 

 

 

 

REMARKS ON KEY FINANCIAL ELEMENTS

:

The key financial figures of 2011 are declared by the subject. There is no certification for these figures.

 

 

 

COMMENT ON FINANCIAL POSITION

 

Capitalization

Insufficient As of 31.12.2011

Profitability

In Order Net Profitability  in 2011

 

General Financial Position

Unsatisfactory

 

 

Incr. in producers’ price index

 

Average USD/TL

Average EUR/TL

Average GBP/ TL

 ( 2011 )

13,33 %

1,6797

2,3378

2,6863

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.46

UK Pound

1

Rs.86.27

Euro

1

Rs.69.40

 

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%)

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.