MIRA INFORM REPORT

 

 

Report Date :

28.05.2012

 

IDENTIFICATION DETAILS

 

Name :

ENTIL ENDUSTRI YATIRIMLARI TICARET A.S.

 

 

Registered Office :

Ankara Asfalti 5.Km 26100  Eskisehir

 

 

Country :

Turkey

 

 

Date of Incorporation :

28.10.1964

 

 

Com. Reg. No.:

1482

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Manufacture and trade of industrial cast iron products for machine tools and automotive sector

 

 

No. of Employees :

250

 

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

 

 

COMPANY IDENTIFICATION

 

NAME

:

ENTIL ENDUSTRI YATIRIMLARI TICARET A.S.

HEAD OFFICE ADDRESS

:

Ankara Asfalti 5.Km 26100  Eskisehir / Turkey

PHONE NUMBER

:

90-222-237 57 46

 

FAX NUMBER

:

90-222-237 26 79

 

WEB-ADDRESS

:

www.entil.com

E-MAIL

:

info@entil.com

 

 

LEGAL STATUS AND HISTORY

 

TAX OFFICE

:

Battal Gazi

TAX NO

:

3360003449

REGISTRATION NUMBER

:

1482

REGISTERED OFFICE

:

Eskisehir Chamber of Commerce

DATE ESTABLISHED

:

28.10.1964

LEGAL FORM

:

Joint Stock Company

TYPE OF COMPANY

:

Private

REGISTERED CAPITAL

:

TL   7.750.000

 

 

OWNERSHIP / MANAGEMENT

 

SHAREHOLDERS

:

Kumas Kutahya Manyezit Isletmeleri A.S.

80 %

Others

 

 

 

GROUP

:

ZEYTINOGLU GROUP OF COMPANIES

 

SISTER COMPANIES

:

BIMHOL BIRLESMIS MUTEAHHITLER HOLDING A.S.

EMZET AKARYAKIT DAGITIM OTOMOTIV SANAYI VE TICARET A.S.

EMZET HOLDING A.S.

ESBETON CIMENTO YAN URUNLERI A.S.

ESTON ESKISEHIR BETON SANAYI VE TICARET A.S.

ESTON YAPI A.S.

ESTRANS TASIMA VE TICARET A.S.

KUMAS KUTAHYA MANYEZIT ISLETMELERI A.S.

KUMAS SANAYI URUNLERI VE INSAAT PAZARLAMA VE TICARET A.S.

PETSA PETROL URUNLERI SANAYI VE TICARET A.S.

TEKTAR ELEKTRIK URETIM ILETIM DAGITIM VE TICARET A.S.

ZEYTINOGLU TICARET VE SANAYI A.S.

 

BOARD OF DIRECTORS

:

Birol Kule

Chairman

Taner Yalcin

Vice-Chairman

Bilal Cicavoglu

Member

Nihan Eratik

Member

Hasan Koroglu

Member

 

REMARKS ON BOARD OF DIRECTORS

:

In accordance with decision taken by Turkish Republic Savings Deposit Insurance Fund on 18.12.2008 with decision no 2008/388, the right of partnership (excluding profit share), management and auditing of the subject has been transferred to Turkish Republic Savings Deposit Insurance Fund due to debts of Zeytinoglu group to Turkish Republic Savings Deposit Insurance Fund. Consequently the a.m. board of directors has been assigned to the company by Turkish Republic Savings Deposit Insurance Fund. 

 

DIRECTORS

:

Ahmet Teoman Altinok

General Manager

 

 

OPERATIONS

 

BUSINESS ACTIVITIES

:

Manufacture and trade of industrial cast iron products for machine tools and automotive sector. 

 

NACE CODE

:

DJ.27.51

 

NUMBER OF EMPLOYEES

:

250

 

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 the company strictly declines to give us an authorization to gather its financial data. As the firm’s shares are not open to public it is not obliged to announce its data.

 

IMPORT COUNTRIES

:

Germany

U.K.

Japan

 

MERCHANDISE IMPORTED

:

Paint

Raw materials

Spare part

 

EXPORT VALUE

:

6.500.000 USD

(01.01-30.11.2009)

 

 

EXPORT COUNTRIES

:

Germany

Egypt

Algeria

Morocco

Russia

Greece

Ukraine

Italy

Iran

South Africa

Romania

Austria

Finland

Denmark

Netherlands

France

U.S.A.

 

MERCHANDISE  EXPORTED

:

Parts of milling

Sorting machines

 

HEAD OFFICE ADDRESS

:

Ankara Asfalti 5.Km 26100  Eskisehir / Turkey

 

BRANCHES

:

Head Office/Processing Plant  :  Ankara Asfalti 5.Km 26100 Eskisehir/Turkey (6.000 sqm)

 

 

 

FINANCE

 

MAIN DEALING BANKS

:

T. Is Bankasi Eskisehir Branch

Turk Ekonomi Bankasi Eskisehir 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

 ( 01.01-30.11.2009)

5,24 %

1,5503

2,1529

2,4089

 ( 2009 )

5,93 %

1,5460

2,1529

2,4094

 ( 01.01-30.04.2012)

0,73 %

1,7910

2,3688

2,8440

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.73

UK Pound

1

Rs.87.26

Euro

1

Rs.69.89

 

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.