MIRA
INFORM REPORT
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Report Date : |
27.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
KAANLAR GIDA SANAYI VE TICARET A.S. |
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Formerly Known as : |
KAANLAR SUT VE GIDA SANAYI LTD. STI. |
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Registered Office : |
Kocatepe Mah. Mega Center Gida Merkezi C-12 Blok
No:97-98-99-100-101-102 Bayrampasa-Istanbul |
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Country : |
Turkey |
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Date of Incorporation : |
26.01.1982 |
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Com. Reg. No.: |
184879 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and Trade of dairy products, olive and olive products |
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY IDENTIFICATION
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NAME |
: |
KAANLAR GIDA SANAYI VE TICARET A.S. |
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ADDRESS |
: |
Head Office: Kocatepe Mah. Mega Center
Gida Merkezi C-12 Blok No:97-98-99-100-101-102 Bayrampasa-Istanbul / Turkey |
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PHONE NUMBER |
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90-212-437 00 90 |
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FAX NUMBER |
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90-212-437 01 90 |
LEGAL STATUS AND HISTORY
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TAX OFFICE / NO |
: |
Marmara Kurumlar / 4840653671 |
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REGISTRATION NUMBER |
: |
184879 |
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REGISTERED OFFICE |
: |
Istanbul Chamber of Commerce |
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DATE ESTABLISHED |
: |
26.01.1982 (Commercial Registry Gazette
Date/No:28.01.1982/429) |
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LEGAL FORM |
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Joint Stock Company |
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TYPE OF COMPANY |
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Private |
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REGISTERED CAPITAL |
: |
YTL 9,000,000 |
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HISTORY |
: |
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Previous Legal Form |
:Limited Company |
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Legal Form Changed On |
:04.04.2006 (Commercial Registry Gazette
Date/No:10.04.2006/6531) |
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Previous Name |
:Kaanlar Sut ve Gida Sanayi Ltd. Sti. |
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Name Changed On |
: 04.04.2006 (Commercial Registry Gazette
Date/No:10.04.2006/6531) |
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Previous Registered Capital |
:YTL
240,000 |
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Regist. Capital Changed on |
:20.09.2000 (Commercial Registry Gazette
Date/No:13.10.2000/5152) |
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Previous Registered Capital |
:YTL 600,000 |
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Regist. Capital Changed on |
:22.06.2007 (Commercial Registry Gazette
Date/No:28.06.2007/6840) |
OWNERSHIP
/ MANAGEMENT
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SHAREHOLDERS |
: |
Osman Kaan Hasan Kaan Mustafa Kaan Ismet Kaan Bekir Kaan Hava Kaan Abdurrahman Kaan Ekrem Kaan Muharrem Kaan Yasin Kaan |
25 %
20 %
20 %
10 %
5 %
5 %
3,75 %
3,75 %
3,75 %
3,75 % |
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GROUP PARENT COMPANY |
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None |
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SISTER COMPANIES |
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-Hikmet Gida San. ve Tic. A.S. -Duna Insaat ve Yapi Malz. San. ve Tic.
Ltd. Sti. -Kaan Gida Sanayi Insaat ve Ticaret A.S. |
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SUBSIDIARIES |
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None |
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BOARD OF DIRECTORS |
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Osman Kaan Mustafa Kaan Hasan Kaan Abdurrahman Kaan Ekrem Kaan |
Chairman Vice-Chairman Member Member Member |
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DIRECTORS |
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Zekeriya Kaan Ismail Kaan |
General Manager Deputy General Manager |
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OPERATIONS
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BUSINESS
ACTIVITIES |
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Manufacture and trade of dairy products,
olive and olive products |
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SECTOR |
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Food |
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TRADEMARK(S) |
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“Kaanlar” |
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NUMBER OF
EMPLOYEES |
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260 |
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NET SALES |
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(YTL) 87 million 54 million |
(2007) (01.01.-30.06.2008) |
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The a.m. figures are declared by the company. There is no certification
for these figures. |
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IMPORT COUNTRIES |
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Germany, Switzerland, Netherlands,
Ukraine, India, U.S.A…. |
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MERCHANDISE
IMPORTED |
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Milk powder, machines, raw materials |
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EXPORT VALUE |
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(USD) 500,000 1.1 million |
(2007) (01.01-30.06.2008) |
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EXPORT COUNTRIES |
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Uzbekistan, Iraq, Macedonia, UK, Jordan,
U.A.E, Syria, Northern Cyprus Turkish Republic… |
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MERCHANDISE
EXPORTED |
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Dairy products, olive and olive products |
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PREMISES |
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Head Office: Kocatepe Mah. Mega Center
C-12 Blok No:97-98-99-100-101-102 Bayrampasa Istanbul (1,320 sqm) (owned by
Osman Kaan) Factory: Cavuskoyu Malkara Tekirdag (6,200
sqm) (owned) Factory: Canakkale (rented) Factory: Eski Orhangazi Yolu Fabrikalar Cad.
Gemlik Bursa |
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FINANCE
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MAIN DEALING BANKERS |
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Albaraka Turk Bayrampasa branch in
Istanbul Garanti Bankasi Mega Center branch in
Istanbul Akbank Mega Center branch in Istanbul |
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PAYMENT BEHAVIOUR |
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No payment delays have come to our knowledge. |
COMMENT ON FINANCIAL POSITION
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GENERAL
FINANCIAL POSITION |
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Undetermined;
the firm declines to give us an authorization to gather its detailed financial data. As the shares of the firm are not open to public, it is not obliged
to announce its data. |
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Incr. in
producers’ price index |
Average YTL/$ |
Average YTL/EUR |
Average YTL/GBP |
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(2007) |
5.94 % |
1.3075 |
1.7901 |
2.6133 |
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(1.1.-30.06.2008) |
13.76 % |
1.2197 |
1.8695 |
2.4232 |
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(1.1.-31.07.2008) |
15.18 % |
1.2161 |
1.8679 |
2.4151 |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.73 |
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UK Pound |
1 |
Rs.80.57 |
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Euro |
1 |
Rs.64.29 |
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)