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Report Date : |
07.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
LUPAMAT MAKINA
SANAYII A.S. |
|
|
|
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Formerly Known as : |
Maksas Makina Sanayii A.S. |
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|
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Registered Office : |
Ataturk Organize Sanayi Bolgesi 10036 Sok. No:3 Cigli Izmir |
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|
|
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Country : |
Turkey |
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Date of Incorporation : |
19.02.1968 |
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Com. Reg. No.: |
30588-Mrkz-322 |
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Legal Form : |
Joint Stock Company |
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|
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Line of Business : |
Manufacturer and trader
of air compressors Subject product ranges includes : ·
Screw Air Compressors
· Reciprocating Air Compressors · Oil Free Reciprocating Air Compressors · Compressed Air Dryers · Compressed Air Filters · Air Receivers · Oil Free High Pressure ( 40 bar) PET Blowing Reciprocating Air Compressors · Booster Compressors |
|
|
|
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No of Employees : |
45 |
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 |
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|
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Payment Behaviour : |
Unknown |
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|
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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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Turkey |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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% in 2012-13. Turkey's public sector debt to GDP ratio has fallen below 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 reached nearly $195 billion at year-end 2013, reflecting Turkey's good 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, 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 |
COMPANY
IDENTIFICATION
|
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||
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NAME |
: |
LUPAMAT MAKINA SANAYII A.S. |
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HEAD OFFICE ADDRESS |
: |
Ataturk Organize Sanayi Bolgesi 10036 Sok. No:3 Cigli Izmir / Turkey |
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PHONE NUMBER |
: |
90-212-549 83 27 (Liaison Office) 90-232-376 87 10 (Head Office) |
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FAX NUMBER |
: |
90-212-671 65 02 (Liaison Office) 90-232-328 04 74 (Head Office) |
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WEB-ADDRESS |
: |
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E-MAIL |
: |
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LEGAL
STATUS AND HISTORY
|
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TAX OFFICE |
: |
Hasan Tahsin |
||||||||||||||
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TAX NO |
: |
6110008379 |
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REGISTRATION NUMBER |
: |
30588-Mrkz-322 |
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REGISTERED OFFICE |
: |
Izmir Chamber of Commerce |
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DATE ESTABLISHED |
: |
19.02.1968 |
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LEGAL FORM |
: |
Joint Stock Company |
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TYPE OF COMPANY |
: |
Private |
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REGISTERED CAPITAL |
: |
TL 2.000.000 |
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HISTORY |
: |
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OWNERSHIP
/ MANAGEMENT
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SHAREHOLDERS |
: |
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REMARKS ON SHAREHOLDERS |
: |
The firm has app. 18 shareholders. |
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GROUP |
: |
DIRINLER GROUP OF COMPANIES |
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SISTER COMPANIES |
: |
DIRINLER DOKUM SANAYI TURIZM LIMAN
ISLETMECILIGI VE TICARET A.S. DIRINLER MAKINA SANAYI VE TICARET A.S. DIRINLER SANAYI MAKINALARI ENDUSTRI VE TICARET
A.S. DIRINLER TURIZM LIMAN ISLETMECILIGI
SEYAHAT INSAAT AKARYAKIT SANAYI TICARET A.S. KOMPAS ENDUSTRI VE TICARET A.S. MAKSAS MAKINA SANAYII A.S. TEKENTEK MAKINA MODEL SANAYI TICARET LTD.
STI. |
||||||||||||||||
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SUBSIDIARIES |
: |
KOMPAS ENDUSTRI VE TICARET A.S.
( 75 % ) |
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BOARD OF DIRECTORS |
: |
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OPERATIONS
|
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BUSINESS ACTIVITIES |
: |
Manufacturer and trader of air compressors. |
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NACE CODE |
: |
DK.29.12 |
|
Product details |
: |
·
Screw Air Compressors
· Reciprocating Air Compressors · Oil Free Reciprocating Air Compressors · Compressed Air Dryers · Compressed Air Filters · Air Receivers · Oil Free High Pressure ( 40 bar) PET Blowing Reciprocating Air Compressors · Booster Compressors |
|
TRADEMARKS OWNED |
: |
Lupamat |
|
NUMBER OF EMPLOYEES |
: |
45 |
|
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. |
|
IMPORT COUNTRIES |
: |
Germany Italy Denmark |
|
MERCHANDISE IMPORTED |
: |
Intermediary goods |
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EXPORT COUNTRIES |
: |
Free Zone Egypt Germany Pakistan Romania Saudi Arabia South Korea U.A.E. Japan Bangladesh Azerbaijan Romania Yemen Netherlands Iran Hungary Jordan Cuba Zambia |
|
MERCHANDISE EXPORTED |
: |
Compressors |
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HEAD OFFICE ADDRESS |
: |
Ataturk Organize Sanayi Bolgesi 10036 Sok. No:3 Cigli Izmir / Turkey |
|
BRANCHES |
: |
Liaison Office : Perpa Ticaret Merkezi B Blok K:11 No:1663
Okmeydani Istanbul/Turkey Head Office/Production Plant
: Ataturk Organize Sanayi
Bolgesi 10036 Sok. No:3 Cigli Izmir/Turkey |
FINANCE
|
|
|
||
|
MAIN DEALING BANKS |
: |
Akbank A.O.S.B. Branch T. Is Bankasi A.O.S.B. Branch Yapi ve Kredi Bankasi A.O.S.B. Branch |
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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 |
|
( 01.01-31.03.2014) |
5,52 % |
2,1961 |
3,0116 |
3,6488 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.20 |
|
UK Pound |
1 |
Rs.101.68 |
|
Euro |
1 |
Rs.83.55 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.