|
Report No. : |
307682 |
|
Report Date : |
17.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
ARCHROMATURKEY KIMYA SANAYI VE TICARET LTD. STI. |
|
|
|
|
Registered Office : |
Gebze Organize Sanayi Bolgesi Ihsan Dede Cad. No:143 Gebze Kocaeli |
|
|
|
|
Country : |
Turkey |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
11.04.2013 |
|
|
|
|
Com. Reg. No.: |
21479 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Wholesale and trader of chemicals. |
|
|
|
|
No. of Employee : |
35 |
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 |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
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 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Turkey |
B1 |
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 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.
|
Source
: CIA |
|
NAME |
: |
ARCHROMATURKEY
KIMYA SANAYI VE TICARET LTD. STI. |
|
HEAD OFFICE ADDRESS |
: |
Gebze Organize Sanayi Bolgesi Ihsan Dede Cad. No:143 Gebze Kocaeli /
Turkey |
|
PHONE NUMBER |
: |
90-262-673 74 40 |
|
FAX NUMBER |
: |
90-262-751 19 19 |
|
NOTES
ON LEGAL STATUS AND HISTORY |
: |
Change
at registration no . |
|
TAX OFFICE |
: |
Ilyasbey |
|
TAX NO |
: |
0730416169 |
|
REGISTRATION NUMBER |
: |
21479 |
|
REGISTERED OFFICE |
: |
Gebze Chamber of Commerce |
|
DATE ESTABLISHED |
: |
11.04.2013 |
|
ESTABLISHMENT GAZETTE DATE/NO |
: |
17.04.2013/8302 |
|
LEGAL FORM |
: |
Limited Company |
|
TYPE OF COMPANY |
: |
Private |
|
REGISTERED CAPITAL |
: |
TL 11.327.000 |
|
HISTORY |
: |
|
|||||||||||||||||||||||||||
|
PREVIOUS
SHAREHOLDERS |
: |
|
|
SHAREHOLDERS |
: |
|
||||||
|
REMARKS ON SHAREHOLDERS |
: |
We are informed that, the shareholder "Archroma Textiles
S.A.R.L" is a company located in Luxembourg. |
||||||
|
DIRECTORS |
: |
|
|
BUSINESS ACTIVITIES |
: |
Wholesale trade of chemicals. |
|
NACE CODE |
: |
G .51.55 |
|
SECTOR |
: |
Commerce |
|
NUMBER OF EMPLOYEES |
: |
35 |
|
NET SALES |
: |
|
||||
|
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 fresh financial data. As the firm’s shares are not open to public
it is not obliged to announce its data. |
||||
|
CAPACITY |
: |
None |
||||
|
PRODUCTION |
: |
None |
||||
|
IMPORT COUNTRIES |
: |
China India European Countries |
||||
|
MERCHANDISE IMPORTED |
: |
Chemical |
||||
|
EXPORT VALUE |
: |
|
||||
|
EXPORT COUNTRIES |
: |
Middle East Countries |
||||
|
MERCHANDISE EXPORTED |
: |
Chemicals |
||||
|
HEAD OFFICE ADDRESS |
: |
Gebze Organize Sanayi Bolgesi Ihsan Dede Cad. No:143 Gebze Kocaeli / Turkey |
|
TREND OF BUSINESS |
: |
Undetermined; young business. |
|
MAIN DEALING BANKS |
: |
T. Garanti Bankasi Gebze Branch |
||||||||||||||||||||||||||||||||||||
|
PAYMENT BEHAVIOUR |
: |
No payment delays have come to our knowledge. |
||||||||||||||||||||||||||||||||||||
|
KEY FINANCIAL ELEMENTS |
: |
|
|
MAIN DEALING BANKS |
: |
T. Garanti Bankasi Gebze Branch |
||||||||||||||||||||||||||||||||||||
|
PAYMENT BEHAVIOUR |
: |
No payment delays have come to our knowledge. |
||||||||||||||||||||||||||||||||||||
|
KEY FINANCIAL ELEMENTS |
: |
|
|
Profitability |
Operating Loss (11.04-31.12.2013) Net Loss (11.04-31.12.2013) |
|
General Financial Position |
The firm has loss but general financial position is undetermined. |
|
|
Incr. in producers’ price index |
Average USD/TL |
Average EUR/TL |
Average GBP/ TL |
|
( 2013 ) |
6,97 % |
1,9179 |
2,5530 |
3,0178 |
|
( 01.01-31.01.2015) |
0,33 % |
2,3765 |
2,7885 |
3,6477 |
|
REMARKS ON FINANCIAL STATEMENT |
: |
At the last income statement TL 1.336.192 of the other income is due
to "Profit from Foreign Currency Exchange".
|
|
|
(11.04-31.12.2013)
TL |
|
|
Net Sales |
19.134.346 |
1,00 |
|
Cost of Goods Sold |
15.792.517 |
0,83 |
|
Gross Profit |
3.341.829 |
0,17 |
|
Operating Expenses |
3.777.284 |
0,20 |
|
Operating Profit |
-435.455 |
-0,02 |
|
Other Income |
1.578.108 |
0,08 |
|
Other Expenses |
16.190 |
0,00 |
|
Financial Expenses |
2.592.924 |
0,14 |
|
Minority Interests |
0 |
0,00 |
|
Profit (loss) of consolidated firms |
0 |
0,00 |
|
Profit (loss) Before Tax |
-1.466.461 |
-0,08 |
|
Tax Payable |
0 |
0,00 |
|
Postponed Tax Gain |
0 |
0,00 |
|
Net Profit (loss) |
-1.466.461 |
-0,08 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.20 |
|
|
1 |
Rs.96.00 |
|
Euro |
1 |
Rs.71.00 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ANK |
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.