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Report Date : |
07.02.2014 |
IDENTIFICATION DETAILS
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Name : |
ANKA METAL PASLANMAZ TICARET MEHMET AKBAS |
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Registered Office : |
Istanbul Dudullu Organize Sanayi Bolgesi Mah. Des Sanayi Sitesi 112. Sok. Daire:14 Blok 57 Umraniye Istanbul |
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Country : |
Turkey |
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Financials (as on) : |
30.09.2013 |
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Date of Incorporation : |
19.04.2012 |
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Com. Reg. No.: |
816701 |
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Legal Form : |
Sole-Proprietorship |
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Line of Business : |
Wholesale trade of stainless steel products such as sheet. |
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No. of Employees : |
04 |
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 |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
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Turkey |
B2 |
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 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 |
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NAME |
: |
ANKA METAL PASLANMAZ TICARET MEHMET AKBAS |
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HEAD OFFICE ADDRESS |
: |
Istanbul Dudullu Organize Sanayi Bolgesi Mah. Des Sanayi Sitesi 112. Sok. Daire:14 Blok 57 Umraniye Istanbul / Turkey |
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PHONE NUMBER |
: |
90-216-364 35 98 |
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FAX NUMBER |
: |
90-216-364 35 99 |
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WEB-ADDRESS |
: |
www.ankapaslanmaz.org |
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NOTES ON LEGAL STATUS AND HISTORY |
: |
Liability of the subject is not limited to the capital. |
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TAX OFFICE |
: |
Sarigazi |
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TAX NO |
: |
30991531696 |
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REGISTRATION NUMBER |
: |
816701 |
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REGISTERED OFFICE |
: |
Istanbul Chamber of Commerce |
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DATE ESTABLISHED |
: |
19.04.2012 |
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ESTABLISHMENT GAZETTE DATE/NO |
: |
26.04.2012/8056 |
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LEGAL FORM |
: |
Sole-Proprietorship |
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TYPE OF COMPANY |
: |
Private |
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SHAREHOLDERS |
: |
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REMARKS ON SHAREHOLDERS |
: |
The owner, Mehmet Akbas graduated from secondary school. |
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PROPERTIES OWNED BY THE OWNER/PARTNERS |
: |
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SISTER COMPANIES |
: |
Declared to be: None |
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DIRECTORS |
: |
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BUSINESS ACTIVITIES |
: |
Wholesale trade of stainless steel products such as sheet. |
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NACE CODE |
: |
G .51.54 |
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SECTOR |
: |
Commerce |
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NUMBER OF EMPLOYEES |
: |
4 |
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NET SALES |
: |
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CAPACITY |
: |
None |
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PRODUCTION |
: |
None |
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IMPORT COUNTRIES |
: |
India |
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MERCHANDISE IMPORTED |
: |
Stainless steel products |
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EXPORT VALUE |
: |
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HEAD OFFICE ADDRESS |
: |
Istanbul Dudullu Organize Sanayi Bolgesi Mah. Des Sanayi Sitesi 112. Sok. Daire:14 Blok 57 Umraniye Istanbul / Turkey (rented) |
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INVESTMENTS |
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None |
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TREND OF BUSINESS |
: |
Undetermined; young business. |
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MAIN DEALING BANKS |
: |
Garanti Bankasi Des Branch T. Is Bankasi Des 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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General Financial Position |
The firm is profitable and the owner/partners possess property. |
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Incr. in producers’ price index |
Average USD/TL |
Average EUR/TL |
Average GBP/ TL |
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( 2012 ) |
2,45 % |
1,7995 |
2,3265 |
2,8593 |
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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 |
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(19.04-31.12.2012) TL |
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(01.01-30.09.2013) TL |
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Net Sales |
1.591.849 |
1,00 |
2.396.163 |
1,00 |
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Cost of Goods Sold |
1.465.192 |
0,92 |
2.075.533 |
0,87 |
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Gross Profit |
126.657 |
0,08 |
320.630 |
0,13 |
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Operating Expenses |
55.990 |
0,04 |
77.791 |
0,03 |
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Operating Profit |
70.667 |
0,04 |
242.839 |
0,10 |
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Other Income |
0 |
0,00 |
0 |
0,00 |
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Other Expenses |
0 |
0,00 |
0 |
0,00 |
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Financial Expenses |
0 |
0,00 |
0 |
0,00 |
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Minority Interests |
0 |
0,00 |
0 |
0,00 |
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Profit (loss) of consolidated firms |
0 |
0,00 |
0 |
0,00 |
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Profit (loss) Before Tax |
70.667 |
0,04 |
242.839 |
0,10 |
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Tax Payable |
0 |
0,00 |
0 |
0,00 |
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Postponed Tax Gain |
0 |
0,00 |
0 |
0,00 |
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Net Profit (loss) |
70.667 |
0,04 |
242.839 |
0,10 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.50 |
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|
1 |
Rs.101.92 |
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Euro |
1 |
Rs.84.50 |
INFORMATION DETAILS
|
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 |
-- |
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.