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Report Date : |
30.04.2013 |
IDENTIFICATION DETAILS
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Name : |
AKSA JENERATOR SANAYI A.S. |
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|
|
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Registered Office : |
Evren Mah. Cami Yolu Cad. No:5 Gunesli Bagcilar Istanbul |
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Country : |
Turkey |
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Date of Incorporation : |
31.05.1994 |
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Com. Reg. No.: |
314910 |
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Legal Form : |
Joint Stock Company |
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|
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Line of Business : |
Manufacture and trade of generator |
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No. of Employees : |
865 |
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 |
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Payment Behaviour : |
Unknown |
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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 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Turkey |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 9.2% in 2010, as exports returned to normal levels following the
recession. Growth dropped to approximately 3% in 2012. Turkey's public sector
debt to GDP ratio has fallen to about 40%, and at least one rating agency
upgraded Turkey's debt to investment grade in 2012. Turkey remains dependent on
often volatile, short-term investment to finance its large trade deficit. The
stock value of FDI stood at $117 billion at year-end 2012. Inflows have slowed
because of continuing economic turmoil in Europe, the source of much of
Turkey's FDI. 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.
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Source : CIA |
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NOTES |
: |
Address at your inquiry is the former address. |
|
NAME |
: |
AKSA JENERATOR SANAYI A.S. |
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HEAD OFFICE ADDRESS |
: |
Evren Mah. Cami Yolu Cad. No:5 Gunesli Bagcilar Istanbul / Turkey |
|
PHONE NUMBER |
: |
90-212-478 66 66 |
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FAX NUMBER |
: |
90-212-657 55 11 |
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WEB-ADDRESS |
: |
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E-MAIL |
: |
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NOTES
ON LEGAL STATUS AND HISTORY |
: |
The
paid-in capital is declared by the subject. There is no certification for the
paid-in capital.. |
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TAX OFFICE |
: |
Buyuk Mukellefler |
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TAX NO |
: |
0340008630 |
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REGISTRATION NUMBER |
: |
314910 |
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REGISTERED OFFICE |
: |
Istanbul Chamber of Commerce |
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DATE ESTABLISHED |
: |
31.05.1994 |
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ESTABLISHMENT GAZETTE DATE/NO |
: |
06.06.1994/3545 |
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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 |
: |
KAZANCI HOLDING A.S. |
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SISTER COMPANIES |
: |
AKSA AFYON DOGAL GAZ DAGITIM A.S. AKSA BALIKESIR DOGAL GAZ DAGITIM A.S. AKSA BILECIK BOLU DOGAL GAZ DAGITIM A.S. AKSA CANAKKALE DOGAL GAZ DAGITIM A.S. AKSA CNG SIKISTIRILMIS DOGAL GAZ ILETIM DAGITIM
VE SATIS A.S. AKSA DOGAL GAZ DAGITIM A.S. AKSA DOGAL GAZ TOPTAN SATIS A.S. AKSA DUZCE EREGLI DOGAL GAZ DAGITIM A.S. AKSA ELAZIG DOGAL GAZ DAGITIM A.S. AKSA ELEKTRIK PERAKENDE SATIS A.S. AKSA ELEKTRIK TOPTAN SATIS A.S. AKSA ENERJI URETIM A.S. AKSA GAZ DAGITIM A.S. AKSA GEMLIK DOGAL GAZ DAGITIM A.S. AKSA GOYNUK ENERJI URETIM A.S. AKSA HAVACILIK A.S. AKSA KARADENIZ DOGAL GAZ DAGITIM A.S. AKSA MAKINA SANAYI A.S. AKSA MALATYA DOGAL GAZ DAGITIM A.S. AKSA MANISA DOGALGAZ DAGITIM A.S. AKSA ORDU GIRESUN DOGAL GAZ DAGITIM A.S. AKSA SANLIURFA DOGALGAZ DAGITIM LTD. STI. AKSA SATIS VE PAZARLAMA A.S. AKSA SERVIS VE KIRALAMA A.S. AKSA TEKNOLOJI A.S. AKSA TRAKYA DOGAL GAZ DAGITIM A.S. AKSA TURIZM ISLETMELERI A.S. AKSA VAN DOGALGAZ DAGITIM A.S. ANADOLU DOGAL GAZ TOPTAN SATIS A.S. ANADOLU DOGALGAZ DAGITIM A.S. ATEL TELEKOMUNIKASYON A.S. AYRES AYVACIK RUZGAR ENERJISINDEN ELEKTRIK URETIM
SANTRALI LTD. STI. BAKI ELEKTRIK URETIM LTD. STI. CEKA ENERJI URETIM A.S. CORUH AKSA ELEKTRIK HIZMETLERI A.S. CORUH ELEKTRIK DAGITIM A.S. FIRAT AKSA ELEKTRIK HIZMETLERI A.S. IDIL IKI ENERJI SANAYI VE TICARET A.S. KAPIDAG RUZGAR ENERJISI ELEKTRIK URETIM SANAYI VE
TICARET A.S. KAZANCI HOLDING A.S. KAZANCI TEKNIK CIHAZLAR YEDEK PARCA TICARET A.S. RASA ELEKTRIK URETIM A.S. RASA ENERJI URETIM A.S. VANGOLU AKSA ELEKTRIK HIZMETLERI A.S. |
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SUBSIDIARIES |
: |
AKSA CEZAYIR AKSA FAR EAST AKSA POWER GENERATOR CHINA AKSA POWER GENERATOR DUBAI AKSA POWER GENERATOR UK AKSA SATIS VE PAZARLAMA A.S. AKSA SERVIS VE KIRALAMA A.S. |
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BOARD OF DIRECTORS |
: |
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BUSINESS ACTIVITIES |
: |
Manufacture and trade of generator.
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NACE CODE |
: |
DL.31.10 |
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TRADEMARKS OWNED |
: |
Aksa |
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NUMBER OF EMPLOYEES |
: |
865 |
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NET SALES |
: |
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REMARKS ON NET SALES |
: |
The net sale figure of 2012 is declared by the company. There is no
certification for this figure. |
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IMPORT VALUE |
: |
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IMPORT COUNTRIES |
: |
Belgium France Italy U.K. Germany China Korea |
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MERCHANDISE IMPORTED |
: |
Generator equipments |
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EXPORT VALUE |
: |
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EXPORT COUNTRIES |
: |
Northern Cyprus Turkish Republic Afghanistan Iraq Libya Jordan Singapore Sudan Algeria Russia Yemen |
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MERCHANDISE EXPORTED |
: |
Generator |
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HEAD OFFICE ADDRESS |
: |
Evren Mah. Cami Yolu Cad. No:5 Gunesli Bagcilar Istanbul / Turkey (
owned ) |
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BRANCHES |
: |
Factory : Piri Reis Tasocagi No:2 Mahmutbey
Istanbul/Turkey (rented) (7.000 sqm) |
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TREND OF BUSINESS |
: |
There was a decline at business volume in nominal terms in 2012. |
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SIZE OF BUSINESS |
: |
Giant |
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MAIN DEALING BANKS |
: |
Finansbank Gunesli Branch T. Is Bankasi Gunesli Branch Tekstil Bankasi Tesvikiye 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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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 |
|
|
( 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 |
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( 2007 ) |
5,94 % |
1,3075 |
1,7901 |
2,6133 |
|
( 2008 ) |
8,11 % |
1,2858 |
1,8876 |
2,3708 |
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( 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 |
|
( 2012 ) |
2,45 % |
1,7995 |
2,3265 |
2,8593 |
|
( 01.01-31.03.2013) |
0,50 % |
1,7901 |
2,3575 |
2,7927 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.27 |
|
UK Pound |
1 |
Rs.84.23 |
|
Euro |
1 |
Rs.70.90 |
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.