|
Report Date : |
08.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
TOSCELIK GRANUL SANAYI A.S. |
|
|
|
|
Registered Office : |
Barbaros Mah. |
|
|
|
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Country : |
|
|
|
|
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Date of Incorporation : |
27.07.2005 |
|
|
|
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Com. Reg. No.: |
560607 |
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|
|
|
Legal Form : |
Joint Stock Company |
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|
|
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Line of Business : |
Manufacture and trade of low-carbon steel ball. |
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|
|
|
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 : |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Turkey's largely free-market economy is increasingly driven by its
industry and service sectors, although its traditional agriculture sector still
accounts for about 25% of employment. An aggressive privatization program has
reduced state involvement in basic industry, banking, transport, and
communication, and an emerging cadre of middle-class entrepreneurs is adding
dynamism to the economy and expanding production beyond the traditional
textiles and clothing sectors. The automotive, construction, and electronics
industries, are rising in importance and have surpassed textiles within
Turkey's export mix. Oil began to flow through the Baku-Tbilisi-Ceyhan pipeline
in May 2006, marking a major milestone that will bring up to 1 million barrels
per day from the Caspian to market. Several gas pipelines projects also are
moving forward to help transport Central Asian gas to Europe through Turkey,
which over the long term will help address Turkey's dependence on imported oil
and gas to meet 97% of its energy needs. After Turkey experienced a severe
financial crisis in 2001, Ankara adopted financial and fiscal reforms as part
of an IMF program. The reforms strengthened the country's economic fundamentals
and ushered in an era of strong growth - averaging more than 6% annually until
2008. Global economic conditions and tighter fiscal policy caused GDP to
contract in 2009, but Turkey's well-regulated financial markets and banking
system helped the country weather the global financial crisis and GDP rebounded
strongly to 8.2% in 2010, as exports returned to normal levels following the
recession. Turkey's public sector debt to GDP ratio has fallen to roughly 40%.
Continued strong growth has pushed inflation to the 8% level, however, and
worsened an already high current account deficit. Turkey remains dependent on
often volatile, short-term investment to finance its large trade deficit. The
stock value of FDI stood at $99 billion at year-end 2011. Inflows have slowed
considerably in light of continuing economic turmoil in Europe, the source of
much of Turkey's FDI. Further economic and judicial reforms and prospective EU
membership are expected to boost Turkey's attractiveness to foreign investors.
However, Turkey's relatively high current account deficit, uncertainty related to
monetary policy-making, and political turmoil within Turkey's neighborhood
leave the economy vulnerable to destabilizing shifts in investor confidence.
|
Source : CIA |
|
NOTES |
: |
Address at your inquiry is not the registered head office but another
premise. |
|
NAME |
: |
TOSCELIK GRANUL SANAYI A.S. |
|
HEAD OFFICE ADDRESS |
: |
Barbaros Mah. Sutcuyolu Caddesi Tosyali Plaza No:72 34746 Yenisahra Atasehir
Istanbul / Turkey |
|
REMARKS ON HEAD OFFICE ADDRESS |
: |
The address was changed from "No:70" to "No:72" by
the municipality. |
|
PHONE NUMBER |
: |
90-216-544 36 00 90-326-656 34 34 (Factory) |
|
FAX NUMBER |
: |
90-216-544 36 06 90-326-656 33 44 (Factory) |
|
WEB-ADDRESS |
: |
|
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E-MAIL |
: |
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TAX OFFICE |
: |
Anadolu Kurumlar |
|
TAX NO |
: |
8570267253 |
|
REGISTRATION NUMBER |
: |
560607 |
|
REGISTERED OFFICE |
: |
Istanbul Chamber of Commerce |
|
DATE ESTABLISHED |
: |
27.07.2005 |
|
ESTABLISHMENT GAZETTE DATE/NO |
: |
03.08.2005/6360 |
|
LEGAL FORM |
: |
Joint Stock Company |
|
TYPE OF COMPANY |
: |
Private |
|
REGISTERED CAPITAL |
: |
TL 5.000.000 |
|
SHAREHOLDERS |
: |
|
||||||||||
|
GROUP PARENT COMPANY |
: |
TOSYALI HOLDING A.S. |
||||||||||
|
SISTER COMPANIES |
: |
MARMARA SINAI VE TICARI YATIRIMLAR A.S. TOSCELIK PROFIL VE SAC ENDUSTRISI A.S. TOSYALI DEMIR CELIK SANAYI A.S. TOSYALI DENIZCILIK VE LIMAN ISLETMECILIGI A.S. TOSYALI DIS TICARET A.S. TOSYALI ELEKTIRIK ENERJISI URETIM SANAYI VE TICARET A.S. TOSYALI ELEKTRIK ENERJISI TOPTAN SATIS ITHALAT IHRACAT A.S. TOSYALI HOLDING A.S. TOSYALI SIGORTA ARACILIK HIZMETLERI A.S. TOSYALI TOYO CELIK A.S. |
||||||||||
|
BOARD OF DIRECTORS |
: |
|
|
BUSINESS ACTIVITIES |
: |
Manufacture and trade of low-carbon steel ball. |
|
NACE CODE |
: |
DJ.28.00 |
|
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 |
: |
China European Countries Azerbaijan |
|
MERCHANDISE IMPORTED |
: |
Machinery Spare parts |
|
HEAD OFFICE ADDRESS |
: |
Barbaros Mah. Sutcuyolu Caddesi Tosyali Plaza No:72 34746 Yenisahra
Atasehir Istanbul / Turkey |
|
BRANCHES |
: |
Production Plant : Organize Sanayi Bolgesi Sariseki Beldesi Iskenderun
Hatay/Turkey |
|
PAYMENT BEHAVIOUR |
: |
No payment delays have come to our knowledge. |
|
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 |
|
( 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 |
|
( 01.01-30.09.2012) |
3,34 % |
1,8029 |
2,3233 |
2,8527 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.25 |
|
UK Pound |
1 |
Rs.87.00 |
|
Euro |
1 |
Rs.69.83 |
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.