|
Report Date : |
04.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
TOPRAK SUT MAMULLERI SANAYI VE TICARET A.S. |
|
|
|
|
Registered Office : |
Osmaniye Organize Sanayi
Bolgesi Yediocak Cad.
No:20/A Osmaniye
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
17.04.2007 |
|
|
|
|
Com. Reg. No.: |
6073 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturer and trader
of milk powder. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
Turkey |
B2 |
B1 |
|
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 |
: |
Address at your inquiry is the former address. |
COMPANY IDENTIFICATION
|
|
|
||
|
NAME |
: |
TOPRAK SUT MAMULLERI SANAYI VE TICARET A.S. |
|
HEAD OFFICE ADDRESS |
: |
Osmaniye Organize Sanayi
Bolgesi Yediocak Cad.
No:20/A Osmaniye
/ Turkey |
|
PHONE NUMBER |
: |
90-328-826 82 92 90-532-565 83 44 (contact number of Cumaali Bayram) |
LEGAL STATUS AND HISTORY
|
|
|
||||||||||||||||
|
TAX OFFICE |
: |
Osmaniye |
||||||||||||||
|
TAX NO |
: |
8540523715 |
||||||||||||||
|
REGISTRATION NUMBER |
: |
6073 |
||||||||||||||
|
REGISTERED OFFICE |
: |
Osmaniye Chamber of Commerce and Industry |
||||||||||||||
|
DATE ESTABLISHED |
: |
17.04.2007 |
||||||||||||||
|
ESTABLISHMENT GAZETTE DATE/NO |
: |
30.04.2007/6797 |
||||||||||||||
|
LEGAL FORM |
: |
Joint Stock Company |
||||||||||||||
|
TYPE OF COMPANY |
: |
Private |
||||||||||||||
|
REGISTERED CAPITAL |
: |
TL 1.000.000 |
||||||||||||||
|
HISTORY |
: |
|
||||||||||||||
OWNERSHIP / MANAGEMENT
|
|
|
||||||||
|
SHAREHOLDERS |
: |
|
||||||
|
BOARD OF DIRECTORS |
: |
|
||||||
OPERATIONS
|
|
|
||
|
BUSINESS ACTIVITIES |
: |
Manufacture and trade of milk powder. |
|
NACE CODE |
: |
DA.15.51 |
|
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 financial data. As the firm’s shares are not open to public it is
not obliged to announce its data. |
|
HEAD OFFICE ADDRESS |
: |
Osmaniye Organize Sanayi
Bolgesi Yediocak Cad.
No:20/A Osmaniye
/ Turkey |
|
BRANCHES |
: |
Head Office/Production Plant
: Organize Sanayi
Bolgesi Yediocak Cad.
No:20/A Osmaniye/Turkey |
FINANCE
|
|
|
||
|
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 |
|
( 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 |
|
( 2013 ) |
6,97 % |
1,9179 |
2,5530 |
3,0178 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.69 |
|
UK Pound |
1 |
Rs.102.97 |
|
Euro |
1 |
Rs.84.58 |
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.