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Report Date : |
04.02.2014 |
IDENTIFICATION DETAILS
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Name : |
SAYMAN KIMYEVI MADDELER SANAYII VE TICARET
A.S. |
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Registered Office : |
Kemankes Mah. Kemankes Cad.
No:81 Kat:5 Beyoglu Istanbul |
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Country : |
Turkey |
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Date of Incorporation : |
18.01.1982 |
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Com. Reg. No.: |
184598 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Trader of industrial chemicals/ raw materials to be used in paintings,
PVC profiles, cable, rubber, shoe sole & automotive sectors. |
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No. of Employees : |
20 |
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 : |
No Complaints |
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Litigation : |
Clear |
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 |
COMPANY IDENTIFICATION
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NAME |
: |
SAYMAN KIMYEVI MADDELER SANAYII VE TICARET A.S. |
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HEAD OFFICE ADDRESS |
: |
Kemankes Mah. Kemankes Cad.
No:81 Kat:5 Beyoglu Istanbul / Turkey |
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REMARKS ON HEAD OFFICE ADDRESS |
: |
The door number was changed from "231-233" to "81"
by the municipality. |
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PHONE NUMBER |
: |
90-212-292 70 50 |
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FAX NUMBER |
: |
90-212-292 70 66 |
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WEB-ADDRESS |
: |
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E-MAIL |
: |
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LEGAL STATUS AND HISTORY
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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 |
: |
Marmara Kurumlar |
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TAX NO |
: |
7570005604 |
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REGISTRATION NUMBER |
: |
184598 |
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REGISTERED OFFICE |
: |
Istanbul Chamber of Commerce |
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DATE ESTABLISHED |
: |
18.01.1982 |
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ESTABLISHMENT GAZETTE DATE/NO |
: |
26.01.1982/427 |
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LEGAL FORM |
: |
Joint Stock Company |
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TYPE OF COMPANY |
: |
Private |
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REGISTERED CAPITAL |
: |
TL 10.000.000 |
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PAID-IN CAPITAL |
: |
TL 10.000.000 |
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HISTORY |
: |
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OWNERSHIP / MANAGEMENT
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SHAREHOLDERS |
: |
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SISTER COMPANIES |
: |
Declared to be: None |
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SUBSIDIARIES |
: |
Declared to be: None |
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BOARD OF DIRECTORS |
: |
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OPERATIONS
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BUSINESS ACTIVITIES |
: |
Trade of industrial chemicals/ raw materials to be used in paintings,
PVC profiles, cable, rubber, shoe sole & automotive sectors. |
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NACE CODE |
: |
G .51.55 |
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SECTOR |
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Commerce |
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NUMBER OF EMPLOYEES |
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20 |
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NET SALES |
: |
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REMARKS ON NET SALES |
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The sales figure of 01.01.-30.09.2013 is declared by the subject
company. There is no certification for this figure. |
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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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Far East Countries Germany France |
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MERCHANDISE IMPORTED |
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Industrial chemicals Raw materials such as rubber Titanium dioxide |
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EXPORT COUNTRIES |
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Russia Romania Iraq Tajikistan |
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MERCHANDISE EXPORTED |
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Peroxy acids Pigments Salts of inorganic acids Titanium dioxide |
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HEAD OFFICE ADDRESS |
: |
Kemankes Mah. Kemankes Cad.
No:81 Kat:5 Beyoglu Istanbul / Turkey (owned) |
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INVESTMENTS |
: |
None |
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FINANCE
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MAIN DEALING BANKS |
: |
Akbank Nuruosmaniye Branch T. Is Bankasi Beyazit Ticari Branch |
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PAYMENT BEHAVIOUR |
: |
No payment delays have come to our knowledge. |
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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. |
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Incr. in producers’ price index |
Average USD/TL |
Average EUR/TL |
Average GBP/ TL |
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( 01.01-30.09.2013) |
4,43 % |
1,8785 |
2,4774 |
2,9189 |
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( 2013 ) |
6,97 % |
1,9179 |
2,5530 |
3,0178 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.69 |
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UK Pound |
1 |
Rs.102.97 |
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Euro |
1 |
Rs.84.58 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
-- |
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.