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Report Date : |
20.03.2013 |
IDENTIFICATION DETAILS
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Name : |
AKSA SERVIS VE KIRALAMA A.S. |
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Formerly Known as: |
Aksa Servis ve Yedek Parca A.S. |
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Registered Office : |
Cihannuma Mah. Barbaros Bulvari No:99 Besiktas Istanbul |
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Country : |
Turkey |
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Date of Incorporation : |
28.02.1986 |
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Com. Reg. No.: |
222326 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Trade of generator and spare parts of generator, providing after sales
services |
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No. of Employees : |
90 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Inadequate financial details |
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Payment Behaviour : |
Usually Correct |
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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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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Turkey |
B1 |
B1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 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.
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Source
: CIA |
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NOTES |
: |
Address at your inquiry is not the registered head office but another
premise. |
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NAME |
: |
AKSA SERVIS VE KIRALAMA A.S. |
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HEAD OFFICE ADDRESS |
: |
Cihannuma Mah. Barbaros Bulvari No:99 Besiktas Istanbul / Turkey |
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PHONE NUMBER |
: |
90-212-471 34 34 (Head Office) 90-212-887 11 11 (Administrative Office) |
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FAX NUMBER |
: |
90-212-696 20 29 (Head Office) 90-212-887 10 20 (Administrative Office) |
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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 |
: |
Bogazici Kurumlar |
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TAX NO |
: |
0110031340 |
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REGISTRATION NUMBER |
: |
222326 |
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REGISTERED OFFICE |
: |
Istanbul Chamber of Commerce |
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DATE ESTABLISHED |
: |
28.02.1986 |
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ESTABLISHMENT GAZETTE DATE/NO |
: |
05.03.1986/1465 |
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LEGAL FORM |
: |
Joint Stock Company |
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TYPE OF COMPANY |
: |
Private |
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REGISTERED CAPITAL |
: |
TL 387.317 |
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PAID-IN CAPITAL |
: |
TL 387.317 |
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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 |
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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 JENERATOR SANAYI 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 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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BOARD OF DIRECTORS |
: |
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NOTES
ON OPERATIONS |
: |
A
new business activity has been added. |
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BUSINESS ACTIVITIES |
: |
Trade of generator and spare parts of generator, providing after sales
services The subject started providing rental services for generator after the
merger. |
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NACE CODE |
: |
G .52.48 |
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SECTOR |
: |
Commerce |
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REPRESENTATIVE OF |
: |
John Deere (France) |
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TRADEMARKS TRADED |
: |
Aksa |
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NUMBER OF EMPLOYEES |
: |
90 |
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NET SALES |
: |
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REMARKS ON NET SALES |
: |
The sales figures of 2008, 2009, 2010, 2011 and 2012 are declared by
the company. There is no certification for these figures. |
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CAPACITY |
: |
None |
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PRODUCTION |
: |
None |
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IMPORT COUNTRIES |
: |
U.S.A. France China Belgium |
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MERCHANDISE IMPORTED |
: |
Spare parts |
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EXPORT COUNTRIES |
: |
Iraq Albania Romania U.A.E. Nigeria Kazakhstan Georgia Qatar Northern Cyprus Turkish Republic Serbia Afghanistan Saudi Arabia Uzbekistan Russia U.K. Germany Greece Ukraine Iran Kyrgyzstan Azerbaijan |
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MERCHANDISE EXPORTED |
: |
Electric generating sets Gaskets Oil Parts of hydrometers Petrol-filters for engines Piston engines Rubber tubes Spare parts of machineries Thermostats |
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HEAD OFFICE ADDRESS |
: |
Cihannuma Mah. Barbaros Bulvari No:99 Besiktas Istanbul / Turkey (
rented ) |
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BRANCHES |
: |
Administrative Office/Warehouse
: Muratbey Beldesi Guney Girisi
Cad. No:8 34540 Catalca Istanbul/Turkey Branch Office : Cemal Ulusoy Cad. No: 363 Yenibosna Istanbul/Turkey |
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INVESTMENTS |
: |
None |
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TREND OF BUSINESS |
: |
There was a decline at business volume in nominal terms in 2012. |
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MAIN DEALING BANKS |
: |
Anadolubank Trakya Kurumsal Branch Garanti Bankasi Yenibosna Branch T. Is Bankasi Gunesli Kurumsal Branch Tekstilbank Merter Branch Yapi ve Kredi Bankasi Zincirlikuyu 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 |
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The key financial figures of 2008, 2009 and 2010 are declared by the
company. There is no certification for these figures. |
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General Financial Position |
General financial position is undetermined the firm declines to give
us an authorization to gather its fresh financial data. As the shares of the
firm are not open to public, it is not obliged to announce its data. |
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Incr. in producers’ price index |
Average USD/TL |
Average EUR/TL |
Average GBP/ TL |
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( 2008 ) |
8,11 % |
1,2858 |
1,8876 |
2,3708 |
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( 2009 ) |
5,93 % |
1,5460 |
2,1529 |
2,4094 |
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( 2010 ) |
8,87 % |
1,5128 |
2,0096 |
2,3410 |
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( 2011 ) |
13,33 % |
1,6797 |
2,3378 |
2,6863 |
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( 2012 ) |
2,45 % |
1,7995 |
2,3265 |
2,8593 |
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( 01.01-28.02.2013) |
-0,31 % |
1,7828 |
2,3690 |
2,8041 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.26 |
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UK Pound |
1 |
Rs.81.94 |
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Euro |
1 |
Rs.70.21 |
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 |
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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 |
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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 |
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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 |
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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 |
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---- |
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.