MIRA INFORM REPORT

 

 

Report Date :

16.05.2012

 

IDENTIFICATION DETAILS

 

Name :

ENGIN BORU SANAYI VE TICARET A.S.

 

 

Registered Office :

Demirciler Sitesi 5. Yol No:52 Zeytinburnu Istanbul

 

 

Country :

Turkey

 

 

Date of Incorporation :

25.06.2003

 

 

Com. Reg. No.:

500184

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Import and domestic trade of stainless steel profile, pipe, metal sheet

 

 

No. of Employees :

15

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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

 

 

COMPANY IDENTIFICATION

 

NAME

:

ENGIN BORU SANAYI VE TICARET A.S.

HEAD OFFICE ADDRESS

:

Demirciler Sitesi 5. Yol No:52 Zeytinburnu Istanbul / Turkey

PHONE NUMBER

:

90-212-582 25 25(pbx)

 

FAX NUMBER

:

90-212-546 10 08

 

WEB-ADDRESS

:

www.enginboru.com.tr

E-MAIL

:

info@enginboru.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

:

Davutpasa

TAX NO

:

3350309015

REGISTRATION NUMBER

:

500184

REGISTERED OFFICE

:

Istanbul Chamber of Commerce

DATE ESTABLISHED

:

25.06.2003

ESTABLISHMENT GAZETTE DATE/NO

:

30.06.2003/5830

LEGAL FORM

:

Joint Stock Company

TYPE OF COMPANY

:

Private

REGISTERED CAPITAL

:

TL   3.500.000

PAID-IN CAPITAL

:

TL   3.500.000

HISTORY

:

Previous Registered Capital

:

TL 1.000.000

Changed On

:

30.05.2007 (Commercial Gazette Date /Number 04.06.2007/ 6822)

Previous Registered Capital

:

TL 2.500.000

Changed On

:

06.12.2011 (Commercial Gazette Date /Number 12.12.2011/ 7959)

 

OWNERSHIP / MANAGEMENT

 

SHAREHOLDERS

:

Ali Kemal Altun

54 %

Huseyin Altun

40 %

Aysel Altun

2 %

Nazli Marasli

2 %

Taylan Altun

2 %

 

 

SISTER COMPANIES

:

ITALINOKS DIS TICARET A.S.

 

BOARD OF DIRECTORS

:

Ali Kemal Altun

Chairman

Huseyin Altun

Vice-Chairman

Taylan Altun

Member

 

 

OPERATIONS

 

BUSINESS ACTIVITIES

:

Import and domestic trade of stainless steel profile, pipe, metal sheet.

 

NACE CODE

:

G .51.54

 

SECTOR

:

Commerce

 

NUMBER OF EMPLOYEES

:

15

 

REMARKS ON NET SALES

:

In Turkey, there is no public registry on companies’ financial and detailed general data. So, to collect a firm’s data, an information agency has to contact the company and get its authorization.  

 

However we are unable to interview the subject company and get authorization to gather its financial data. As the firm’s shares are not open to public it is not obliged to announce its data. 

 

 

CAPACITY

:

None

 

PRODUCTION

:

None

 

IMPORT COUNTRIES

:

Far East Countries

 

MERCHANDISE IMPORTED

:

Stainless steel pipe

Stainless steel profile

Stainless steel sheet

 

EXPORT VALUE

:

0 TL

(2009)

0 TL

(2010)

0 TL

(2011)

 

 

HEAD OFFICE ADDRESS

:

Demirciler Sitesi 5. Yol No:52 Zeytinburnu Istanbul / Turkey (rented)

 

BRANCHES

:

Head Office/Store  :  Demirciler Sitesi 5. Yol No: 52 Zeytinburnu Istanbul/Turkey (rented)

 

Branch Office  :  Demirciler Sitesi 5. Yol No:53 Zeytinburnu Istanbul/Turkey

 

 

FINANCE

 

MAIN DEALING BANKS

:

Akbank Demirciler Branch

Finansbank Davutpasa Branch

Garanti Bankasi Demirciler Sitesi Branch

Ing Bank Aksaray Branch

T. Is Bankasi Demirciler Branch

Yapi ve Kredi Bankasi Demirciler Sitesi 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

 ( 01.01-30.04.2012)

0,73 %

1,7910

2,3688

2,8440

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.84

UK Pound

1

Rs.86.72

Euro

1

Rs.69.17

 

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.