|
Report Date : |
10.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
ORTA ANADOLU TICARET VE SANAYI ISLETMESI TURK
A.S. |
|
|
|
|
Registered Office : |
Orta Sanayi Bolgesi Aydinlikevler Civari Osman Kavuncu Mah. Mensucat
Cad. No:8 P.K.31 Melikgazi Kayseri |
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Country : |
Turkey |
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Date of Incorporation : |
28.01.1958 |
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Com. Reg. No.: |
43 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture, dyeing and trade of denim fabric, cotton textiles,
blue-jeans fabric, and also manufacture and trade of yarn |
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|
|
|
No. of Employees : |
1.350 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Turkey |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
turkey - ECONOMIC OVERVIEW
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 |
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NOTES |
: |
Full name of the firm was missing at your inquiry. Address at your inquiry is not the registered head office but another
premise. |
|
NAME |
: |
ORTA ANADOLU TICARET VE SANAYI ISLETMESI TURK A.S. |
|
HEAD OFFICE ADDRESS |
: |
Orta Sanayi Bolgesi Aydinlikevler Civari Osman Kavuncu Mah. Mensucat
Cad. No:8 P.K.31 Melikgazi Kayseri / Turkey |
|
PHONE NUMBER |
: |
90-352-336 26 80 |
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FAX NUMBER |
: |
90-352-336 26 85 |
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WEB-ADDRESS |
: |
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E-MAIL |
: |
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TAX OFFICE |
: |
Mimarsinan |
||||||||
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TAX NO |
: |
6470035963 |
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REGISTRATION NUMBER |
: |
43 |
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REGISTERED OFFICE |
: |
Kayseri Chamber of Commerce |
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DATE ESTABLISHED |
: |
28.01.1958 |
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LEGAL FORM |
: |
Joint Stock Company |
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TYPE OF COMPANY |
: |
Private |
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REGISTERED CAPITAL |
: |
TL 50.000.000 |
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PAID-IN CAPITAL |
: |
TL 50.000.000 |
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HISTORY |
: |
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SHAREHOLDERS |
: |
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GROUP PARENT COMPANY |
: |
KARAMANCI HOLDING A.S. |
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SISTER COMPANIES |
: |
DENIMKO TEKSTIL KONFEKSIYON VE EKOLOJIK TARIM URUNLERI SANAYI VE
TICARET A.S. INTERSOURCE TEKSTIL VE KONFEKSIYON SANAYI VE TICARET A.S. KARAMANCI HOLDING A.S. KAREL ELEKTRIK URETIM A.S. MATEZ TEKNIK MALZEME TURK A.S. METAL HOLDING A.S. ORKAR TEKSTIL PAZARLAMA SANAYI A.S. ORTA ANADOLU TEKSTIL VE DIS YATIRIMLAR LTD. STI. SUPERLIT BORU SANAYI A.S. SUPERLIT ULUSLARARASI ALTYAPI VE TEKNOLOJI YATIRIMLARI A.S. |
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SUBSIDIARIES |
: |
ORTA ANADOLU TEKSTIL VE DIS YATIRIMLAR LTD. STI. ( 99,99 % ) |
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BOARD OF DIRECTORS |
: |
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DIRECTORS |
: |
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BUSINESS ACTIVITIES |
: |
Manufacture, dyeing and trade of denim fabric, cotton textiles,
blue-jeans fabric, and also manufacture and trade of yarn. |
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NACE CODE |
: |
DB.17.00 |
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SECTOR |
: |
Textile |
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TRADEMARKS OWNED |
: |
Denimus Orcotton Ordenim |
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NUMBER OF EMPLOYEES |
: |
1.350 |
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NET SALES |
: |
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REMARKS ON NET SALES |
: |
The net sales figure of 01.01.-30.06.2012 is declared by the company.
There is no certification for this figure. |
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IMPORT COUNTRIES |
: |
European Countries |
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MERCHANDISE IMPORTED |
: |
Chemicals Dye Raw materials Spare parts |
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EXPORT VALUE |
: |
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EXPORT COUNTRIES |
: |
Bahrain Spain Hong-Kong Japan India Pakistan Paraguay Colombia Mexico France Thailand U.S.A. Tunisia Poland Italy |
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MERCHANDISE EXPORTED |
: |
Cotton fibers bleaches Synthetic organic dyes |
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HEAD OFFICE ADDRESS |
: |
Orta Sanayi Bolgesi Aydinlikevler Civari Osman Kavuncu Mah. Mensucat
Cad. No:8 P.K.31 Melikgazi Kayseri / Turkey ( owned ) |
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BRANCHES |
: |
Factory : Organize Sanayi Bolgesi Kayseri/Turkey Head Office/Factory : Orta Sanayi Bolgesi Aydinlikevler Civari
Osman Kavuncu Mah. Mensucat Cad. No:8 P.K.31 Melikgazi Kayseri/Turkey (owned)
(156.000 sqm) Administrative Office : Cumhuriyet Cad. No:255 K:5 Harbiye
Istanbul/Turkey (rented) |
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TREND OF BUSINESS |
: |
There was an upwards trend in
2011. There appears a decline at business volume in nominal terms
in 1.1 - 30.6.2012. |
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SIZE OF BUSINESS |
: |
Giant |
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MAIN DEALING BANKS |
: |
Akbank Harbiye Branch Anadolubank Merkez Branch Garanti Bankasi Merkez Branch T. Is Bankasi Harbiye Branch |
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PAYMENT BEHAVIOUR |
: |
No payment delays have come to our knowledge. |
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KEY FINANCIAL ELEMENTS |
: |
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REMARKS ON KEY FINANCIAL ELEMENTS |
: |
The key financial figures of 2011 is declared by the company except
for Net Sales, Profit (Loss) Before Tax, Stockholders Equity and Total
Assets. There is no certification for these figures. The key financial figures of 01.01.2012-30.06.2012 is declared by the
company. There is no certification for these figures. |
|
Capitalization |
High As of 30.06.2012 |
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Liquidity |
Good As of 30.06.2012 |
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Remarks On Liquidity |
Current ratio is 3,95 |
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Profitability |
High Net Profitability in 2009 High Net Profitability in 2010 High Net Profitability in 2011 |
|
General Financial Position |
Satisfactory |
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Incr. in producers’ price index |
Average USD/TL |
Average EUR/TL |
Average GBP/ TL |
|
( 2002 ) |
30,80 % |
1,5168 |
1,3741 |
2,2001 |
|
( 2003 ) |
13,90 % |
1,5302 |
1,7141 |
2,4982 |
|
( 2004 ) |
13,84 % |
1,4266 |
1,7666 |
2,6001 |
|
( 2005 ) |
2,66 % |
1,3499 |
1,6882 |
2,4623 |
|
( 2006 ) |
11,58 % |
1,4309 |
1,7987 |
2,6377 |
|
( 2007 ) |
5,94 % |
1,3075 |
1,7901 |
2,6133 |
|
( 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 |
|
( 01.01-30.06.2012) |
1,95 % |
1,8028 |
2,3463 |
2,8462 |
|
( 01.01-30.09.2012) |
3,34 % |
1,8028 |
2,3233 |
2,8527 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.38 |
|
UK Pound |
1 |
Rs.83.99 |
|
Euro |
1 |
Rs.67.99 |
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.