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Report Date : |
31.08.2014 |
IDENTIFICATION DETAILS
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Name : |
SANKO DIS TICARET A.S. |
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Registered Office : |
Burak Mah. Sani Konukoglu Bulvari Uzeri No:223 27001
Sehitkamil Gaziantep |
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Country : |
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Date of Incorporation : |
12.11.2007 |
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Com. Reg. No.: |
30579 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Trade of products manufactured by the group companies. [We tried to confirm / obtain the detailed activity but the same is
not available from any sources] |
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No. of Employees |
11 |
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 : |
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 – June 1, 2014
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Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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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 around 9% in 2010-11, as exports returned to normal levels following the recession. Growth dropped to roughly 3-4% in 2012-13. Turkey's public sector debt to GDP ratio has fallen below 40%, and two rating agencies upgraded Turkey's debt to investment grade in 2012 and 2013. Turkey remains dependent on often volatile, short-term investment to finance its large current account deficit. The stock value of FDI reached nearly $195 billion at year-end 2013, reflecting Turkey's robust growth even in the face of economic turmoil in Europe, the source of much of Turkey's FDI. Turkey's relatively high current account deficit, domestic political uncertainty, and 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 |
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Address at your inquiry is not the registered head office but another premise. |
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NAME |
: |
SANKO DIS TICARET A.S. |
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HEAD OFFICE ADDRESS |
: |
Burak Mah. Sani Konukoglu Bulvari Uzeri No:223 27001 Sehitkamil Gaziantep / Turkey |
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PHONE NUMBER |
: |
90-224-280 77 00 90-342-211 60 00 90-342-211 64 10 |
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FAX NUMBER |
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90-224-714 82 72 90-342-211 63 39 |
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NOTES ON LEGAL STATUS AND HISTORY |
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The paid-in capital is declared by the subject. There is no certification for the paid-in capital.. |
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TAX OFFICE |
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Gazikent |
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TAX NO |
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7440465251 |
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REGISTRATION NUMBER |
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30579 |
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REGISTERED OFFICE |
: |
Gaziantep Chamber of Commerce |
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DATE ESTABLISHED |
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12.11.2007 |
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ESTABLISHMENT GAZETTE DATE/NO |
: |
19.11.2007/6939 |
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LEGAL FORM |
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Joint Stock Company |
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TYPE OF COMPANY |
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Private |
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REGISTERED CAPITAL |
: |
TL 2.000.000 |
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PAID-IN CAPITAL |
: |
TL 2.000.000 |
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SHAREHOLDERS |
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GROUP PARENT COMPANY |
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SANKO HOLDING A.S. |
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SISTER COMPANIES |
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AIRRES ELEKTRIK URETIM SANAYI VE TICARET A.S. AJK YATIRIM DANISMANLIK SANAYI VE TICARET A.S. ASCE INSAAT TAAHHUT SANAYI VE TICARET A.S. AVNET TECHNOLOGY SOLUTIONS SANAYI VE TICARET A.S. BARTIN CIMENTO SANAYI VE TICARET A.S. BASAK TRAKTOR IS VE TARIM MAKINALARI SANAYI VE TICARET A.S. BASAK TRAKTOR TARIM ZIRAAT VE IS MAKINALARI SANAYI TICARET A.S. CIMKO CIMENTO VE BETON SANAYI TICARET A.S. ERSOY ENERJI TICARET VE SANAYI A.S. GAZIANTEP OZEL SAGLIK HASTANESI A.S. GAZIANTEP YTONG SANAYI A.S. GAZIRES ELEKTRIK URETIM SANAYI VE TICARET A.S. GIMTEKS MAKINA SANAYI VE TICARET A.S. KUZENLER MAGAZACILIK SANAYI VE TICARET A.S. SANI KONUKOGLU VAKFI SANKO ENERJI SANAYI VE TICARET A.S. SANKO HOLDING A.S. SANKO MAKINA PAZARLAMA VE TICARET A.S. SANKO MENKUL DEGERLER A.S SANKO OZEL EGITIM HIZMETLERI A.S. SANKO OZEL GUVENLIK HIZMETLERI A.S. SANKO PAMUK SANAYI VE TICARET A.S. SANKO PAZARLAMA ITHALAT IHRACAT A.S. SANKO PETROKIMYA MAMULLERI SANAYI VE TICARET A.S. SANKO TEKSTIL ISLETMELERI SANAYI VE TICARET A.S. SANRES ELEKTRIK URETIM SANAYI VE TICARET A.S. SAYINLAR GIDA MADDELERI SANAYI VE TICARET A.S. SUPER FILM AMBALAJ SANAYI VE TICARET A.S. SUPER MARKETING TEKSTIL SANAYI VE TICARET A.S. SUPER SIGORTA ARACILIK HIZMETLERI A.S. TARKO TARIM VE HAYVAN URUNLERI SANAYI VE TICARET A.S. TEMKO ITHALAT IHRACAT VE PAZARLAMA A.S. VICEM YAT INSAAT SANAYI VE TICARET A.S. |
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BOARD OF DIRECTORS |
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BUSINESS ACTIVITIES |
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Trade of products manufactured by the group companies. |
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NACE CODE |
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G .51.90 |
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SECTOR |
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Commerce |
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NUMBER OF EMPLOYEES |
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11 |
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NET SALES |
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CAPACITY |
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None |
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PRODUCTION |
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None |
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IMPORT COUNTRIES |
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Korea China Middle East Countries |
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MERCHANDISE IMPORTED |
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Industrial boiler Machinery spare parts |
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EXPORT VALUE |
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EXPORT COUNTRIES |
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Poland Iraq Italy France U.K. U.A.E. U.S.A. Germany Luxembourg Tunisia Greece Romania Hungary Algeria Iran Czech Republic Morocco Sri Lanka |
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MERCHANDISE EXPORTED |
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Combi boilers Machinery spare parts Textile products |
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HEAD OFFICE ADDRESS |
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Burak Mah. Sani Konukoglu Bulvari Uzeri No:223 27001 Sehitkamil Gaziantep / Turkey |
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BRANCHES |
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Branch Office : Gunesli Istanbul/Turkey Branch Office : Organize Sanayi Bolgesi 3. Cad. 16400 Inegol Bursa/Turkey Administrative Office : 2. Organize Sanayi Bolgesi Sani Konukoglu Bulvari Baspinar Gaziantep/Turkey |
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INVESTMENTS |
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None |
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TREND OF BUSINESS |
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There was a decline at business volume in nominal terms in 2012. There appears an upwards trend in 1.1 - 30.9.2013. |
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MAIN DEALING BANKS |
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Garanti Bankasi Gaziantep Branch T. Halk Bankasi Uludag Branch T. Halk Bankasi Gaziantep Branch T. Vakiflar Bankasi Bursa Branch Yapi ve Kredi Bankasi Gaziantep Branch Yapi ve Kredi Bankasi Fomara Branch |
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PAYMENT BEHAVIOUR |
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Unknown. |
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KEY FINANCIAL ELEMENTS |
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Profitability |
Low Net Profitability in 2012 |
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General Financial Position |
The firm has profit but general financial position is undetermined. |
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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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( 2013 ) |
6,97 % |
1,9179 |
2,5530 |
3,0178 |
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( 01.01-31.07.2014) |
5,89 % |
2,1578 |
2,9492 |
3,6152 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.60.48 |
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1 |
Rs.100.35 |
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Euro |
1 |
Rs.79.86 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
NIS |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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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.