MIRA
INFORM REPORT
|
Report Date : |
14.12.2007 |
IDENTIFICATION
DETAILS
|
Name : |
DENEKS GIDA URUNLERI SANAYII VE TICARET A.S. |
|
|
|
|
Registered Office : |
Barbaros Bulvari Basaran Apt. No:69/8 Besiktas-Istanbul |
|
|
|
|
Country : |
Turkey |
|
|
|
|
Date of Incorporation : |
20.09.1989 |
|
|
|
|
Com. Reg. No.: |
257994 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Trade of agricultural products. |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
COMPANY IDENTIFICATION
|
NAME |
: |
DENEKS GIDA URUNLERI SANAYII VE TICARET A.S. |
|
ADDRESS |
: |
Head Office: Barbaros Bulvari Basaran Apt.
No:69/8 Besiktas-Istanbul/Turkey |
|
PHONE NUMBER |
: |
90-212-258 62 97 |
|
FAX NUMBER |
: |
90-212-258 09 22 |
LEGAL STATUS AND HISTORY
|
TAX NO |
: |
2920026406 |
|
REGISTRATION NUMBER |
: |
257994 |
|
REGISTERED OFFICE |
: |
Istanbul Chamber of Commerce |
|
DATE ESTABLISHED |
: |
20.09.1989 (Commercial Registry Gazette
Date/No:25.09.1989/2364) |
|
LEGAL FORM |
: |
Joint Stock Company |
|
TYPE OF COMPANY |
: |
Private |
|
REGISTERED CAPITAL |
: |
YTL 100,000 |
|
PAID-IN CAPITAL |
: |
The paid in
capital was declared to be YTL 100,000 by the company. There is no
certification for this figure. |
|
HISTORY |
: |
The name of the company was changed from
“DENIZER SIGORTA ARACILIK HIZMETLERI A.S.” to “DENPA-DENIZER GIDA MADDELERI PAZARLAMA
A.S.” on 15.09.1993 (Commercial Registry Gazette Date / No: 05.10.1993 /
3377) The name of the company was changed from
“DENPA-DENIZER GIDA MADDELERI PAZARLAMA A.S.” to “DENEKS GIDA URUNLERI SANAYII VE TICARET A.S.“ on 20.09.1996 (Commericla
Registry Gazette Date / No: 25.09.1996 / 4131) The firm moved to “Barbaros Bulvari
Basaran Apt. No:69/8 Besiktas-Istanbul” on 04.10.2004 (Commercial Registry
Gazette Date/No:07.10.2004/6152) |
OWNERSHIP / MANAGEMENT
|
SHAREHOLDERS |
: |
Ulvi Denizer Ozgen Denizer Sema Altintas Gurkay Yak Sahin Demirtas Abdullah Sonal |
90 % 6
% 1
% 1
% 1
% 1
% |
|
SISTER COMPANIES |
: |
-Densar Sigorta Aracilik Hizmetleri Ltd.
Sti. -Agromar Tarim ve Gida Urunleri Pazarlama Sanayi
ve Ticaret Ltd. Sti. -Promarin Tarim ve Su Urunleri Sanayi ve
Ticaret Ltd. Sti. -Denizer Su Urunleri Pazarlama Ltd. Sti. -Karadeniz Balikcilik ve Ticaret Ltd. Sti. -Karadeniz Balikcilik Nakliyat ve Ticaret
Ltd. Sti. |
|
|
SUBSIDIARIES |
: |
Glob Marine (Vienna) (20%) |
|
|
BOARD OF DIRECTORS |
: |
Ulvi Denizer Ozgen Denizer Sema Altintas |
Chairman Member Member |
OPERATIONS
|
BUSINESS
ACTIVITIES |
: |
Trade of agricultural products. |
|
|
SECTOR |
: |
Commerce |
|
|
NUMBER OF
EMPLOYEES |
: |
24 |
|
|
NET SALES |
: |
n.a. |
|
|
|
|
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. |
|
|
CAPACITY |
: |
None |
|
|
PRODUCTION |
: |
None |
|
|
EXPORT COUNTRIES |
: |
Germany, Austria, Belgium, Netherlands,
France… |
|
|
MERCHANDISE
EXPORTED |
: |
Chickpeas, rice in the husk, beans, olive
oil, lentils. |
|
|
PREMISES |
: |
Head Office: Barbaros Bulvari Basaran Apt.
No:69/8 Besiktas-Istanbul (owned) Branch: Karaca Ilyas-Mersin (rented) Warehouse: Istoc Sanayi Sitesi 7.Ada No:55
Istanbul (owned) |
|
|
FIXED CAPITAL
INVESTMENTS |
: |
None |
|
COMMERCIAL MORALITY : Good
FINANCE
|
MAIN DEALING BANKERS |
: |
Turkiye Is Bankasi Besiktas branch in
Istanbul |
|
PAYMENT BEHAVIOUR |
: |
No complaints have been heard regarding
payments from the bank. According to the official
registries between 01.01.2000-15.10.2007, there are no protested bills and non-paid
cheques registered in the name of
“Deneks Gida” |
COMMENT ON FINANCIAL POSITION
|
GENERAL
FINANCIAL POSITION |
|
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. |
CREDIT OPINION
|
|
Incr. in
producers’ price index |
Average YTL/$ |
Average YTL/EUR |
Average YTL/GBP |
|
(2006) |
11.58 % |
1.4309 |
1.7987 |
2.6377 |
|
(1.1.-30.11.2007) |
5.78 % |
1.3190 |
1.7961 |
2.6363 |
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)