|
Report Date : |
11.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
A.T.S.ADVANCED TECHNOLOGY SUPPLIES TICARET
A.S. |
|
|
|
|
Formerly Known
as: |
A.T.S.Advanced Technology Supplies Ticaret
Ltd. Sti. |
|
|
|
|
Registered Office : |
Nispetiye Cad. Toprakkale Sok Burak Apt. No: 6/1-2 Etiler Istanbul |
|
|
|
|
Country : |
Turkey |
|
|
|
|
Date of Incorporation : |
27.06.1997 |
|
|
|
|
Com. Reg. No.: |
372430 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Wholesale trade of feed additives and chemical raw materials |
|
|
|
|
No. of Employees : |
10 |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Turkey |
B2 |
B2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
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 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.
|
Source : CIA |
|
NOTES |
: |
Full name of the firm was missing at your inquiry. |
COMPANY IDENTIFICATION
|
|
|
||
|
NAME |
: |
A.T.S.ADVANCED TECHNOLOGY SUPPLIES TICARET A.S. |
|
HEAD OFFICE ADDRESS |
: |
Nispetiye Cad. Toprakkale Sok Burak Apt. No: 6/1-2 Etiler Istanbul / Turkey |
|
PHONE NUMBER |
: |
90-212-287 32 50 |
|
FAX NUMBER |
: |
90-212-287 66 33 |
LEGAL STATUS AND HISTORY
|
|
|
||||||||||||||||||||
|
NOTES
ON LEGAL STATUS AND HISTORY |
: |
Change
at tax no . |
||||||||||||||||||
|
TAX OFFICE |
: |
Besiktas |
||||||||||||||||||
|
TAX NO |
: |
0010700126 |
||||||||||||||||||
|
REMARKS ON TAX NO |
: |
As the subject changed its legal status from limited company to joint
stock company, the tax number was changed from "0010085507" to
"0010700126" |
||||||||||||||||||
|
REGISTRATION NUMBER |
: |
372430 |
||||||||||||||||||
|
REGISTERED OFFICE |
: |
Istanbul Chamber of Commerce |
||||||||||||||||||
|
DATE ESTABLISHED |
: |
27.06.1997 |
||||||||||||||||||
|
ESTABLISHMENT GAZETTE DATE/NO |
: |
02.07.1997/4323 |
||||||||||||||||||
|
LEGAL FORM |
: |
Joint Stock Company |
||||||||||||||||||
|
TYPE OF COMPANY |
: |
Private |
||||||||||||||||||
|
REGISTERED CAPITAL |
: |
TL 50.000 |
||||||||||||||||||
|
HISTORY |
: |
|
||||||||||||||||||
OWNERSHIP / MANAGEMENT
|
|
|
||||||||||||||
|
SHAREHOLDERS |
: |
|
||||||||||||
|
REMARKS ON SHAREHOLDERS |
: |
Advanced Technology Supplies The Hague B.V. is a foreign company
located in Netherlands. |
||||||||||||
|
BOARD OF DIRECTORS |
: |
|
||||||||||||
OPERATIONS
|
|
|
||||||||||||||||||
|
BUSINESS ACTIVITIES |
: |
Wholesale trade of feed additives and chemical raw materials. |
||||||||||||||||
|
NACE CODE |
: |
G .51.55 |
||||||||||||||||
|
SECTOR |
: |
Commerce |
||||||||||||||||
|
NUMBER OF EMPLOYEES |
: |
10 |
||||||||||||||||
|
NET SALES |
: |
|
||||||||||||||||
|
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 fresh financial data. As the firm’s shares are not open to public
it is not obliged to announce its data. |
||||||||||||||||
|
CAPACITY |
: |
None |
||||||||||||||||
|
PRODUCTION |
: |
None |
||||||||||||||||
|
IMPORT VALUE |
: |
|
||||||||||||||||
|
IMPORT COUNTRIES |
: |
Netherlands France China India Spain Belgium U.K. U.S.A. |
||||||||||||||||
|
MERCHANDISE IMPORTED |
: |
Chemical raw materials Feed additives |
||||||||||||||||
|
EXPORT VALUE |
: |
|
||||||||||||||||
|
EXPORT COUNTRIES |
: |
Northern Cyprus Turkish Republic Netherlands Ukraine Iran India Turkish Republics |
||||||||||||||||
|
MERCHANDISE EXPORTED |
: |
Chemical raw materials Feed additives |
||||||||||||||||
|
HEAD OFFICE ADDRESS |
: |
Nispetiye Cad. Toprakkale Sok Burak Apt. No: 6/1-2 Etiler Istanbul / Turkey ( rented ) |
||||||||||||||||
|
BRANCHES |
: |
Warehouse : Gebze Kocaeli/Turkey (rented) |
||||||||||||||||
FINANCE
|
|
|
||
|
MAIN DEALING BANKS |
: |
Akbank Levent Branch T. Is Bankasi Zincirlikuyu Ticari Branch Yapi ve Kredi Bankasi Merkez Branch |
|
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 |
|
( 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 |
|
( 01.01-30.09.2009) |
3,60 % |
1,5624 |
2,1386 |
2,3953 |
|
( 2009 ) |
5,93 % |
1,5460 |
2,1529 |
2,4094 |
|
( 01.01-30.09.2013) |
4,43 % |
1,8785 |
2,4774 |
2,9189 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.14 |
|
UK Pound |
1 |
Rs.99.02 |
|
Euro |
1 |
Rs.83.87 |
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.