MIRA INFORM REPORT

 

 

Report Date :           

02.08.2011

 

IDENTIFICATION DETAILS

 

Name :

YAYLA AGRO GIDA SANAYI VE NAKLIYAT A.S.

 

 

Formerly Known As :

Durukan Gida Sanayi Ve Nakliyat A.S.

 

 

Registered Office :

Saray Mah. Fatih Sultan Mehmet Bul. No:327 Kazan Ankara

 

 

Country :

Turkey

 

 

Date of Incorporation :

15.05.1996

 

 

Com. Reg. No.:

945-Kazan

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Manufacture, packaging and trade of cube sugar; packaging and trade of pulse

 

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 :

No Complaints

 

 

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 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Turkey

b1

b1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

COMPANY IDENTIFICATION

 

NAME

:

YAYLA AGRO GIDA SANAYI VE NAKLIYAT A.S.

HEAD OFFICE ADDRESS

:

Saray Mah. Fatih Sultan Mehmet Bul. No:327 Kazan Ankara / Turkey

PHONE NUMBER

:

90-312-815 49 50

 

FAX NUMBER

:

90-312-815 47 90

 

WEB-ADDRESS

:

yaylabakliyat.com

E-MAIL

:

yayla@yaylabakliyat.com.tr

 

 

LEGAL STATUS AND HISTORY

 

TAX OFFICE

:

Kazan

TAX NO

:

3200039053

REGISTRATION NUMBER

:

945-Kazan

REGISTERED OFFICE

:

Ankara Chamber of Commerce

DATE ESTABLISHED

:

15.05.1996

ESTABLISHMENT GAZETTE DATE/NO

:

17.05.1996/4039

LEGAL FORM

:

Joint Stock Company

TYPE OF COMPANY

:

Private

REGISTERED CAPITAL

:

TL   25.000.000

HISTORY

:

Previous Name

:

Durukan Gida ve Ihtiyac Maddeleri Nakliyat A.S.

Changed On

:

26.07.2005 (Commercial Gazette Date /Number 29.07.2005/ 6357)

Previous Name

:

Durukan Gida Sanayi Ve Nakliyat A.S.

Changed On

:

28.05.2010 (Commercial Gazette Date /Number 01.06.2010/ 7575)

Previous Registered Capital

:

TL 5.000.000

Changed On

:

04.07.2008 (Commercial Gazette Date /Number 09.07.2008/ 7101)

Previous Registered Capital

:

TL 10.000.000

Changed On

:

10.03.2009 (Commercial Gazette Date /Number 13.03.2009/ 7269)

Previous Registered Capital

:

TL 12.000.000

Changed On

:

17.12.2010 (Commercial Gazette Date /Number 22.12.2010/ 7713)

Other Changes

:

The company moved from “Ergazi Mah. Istanbul Devlet Yolu No:460/3 Yenimahalle-Ankara” to “Saray Mah. Fatih Sultan Mehmet Bul. No:327 Kazan-Ankara”  So the registration number of the subject was changed from “118677” to “945-Kazan”

Changed On

:

22.08.2007 (Commercial Gazette Date /Number 27.08.2007/ 6882)

 

 

OWNERSHIP / MANAGEMENT

 

SHAREHOLDERS

:

Hasan Gumus

45 %

Haci Ahmet Gumus

20 %

Yusuf Koyuncu

18,30 %

Ahmet Nedim Koyuncu

11,70 %

Mehmet Pekcetin

5 %

 

 

BOARD OF DIRECTORS

:

Hasan Gumus

Chairman

Mehmet Pekcetin

Member

Yusuf Koyuncu

Member

 

 

OPERATIONS

 

BUSINESS ACTIVITIES

 

:

Manufacture, packaging and trade of cube sugar; packaging and trade of pulse.

NACE CODE

:

DA.15.83

 

SECTOR

:

Food

 

TRADEMARKS OWNED

:

Ala Ciftci

Yayla

Yunus

 

NUMBER OF EMPLOYEES

:

118

 

NET SALES

:

125.948.966 TL

(2009) 

170.515.193 TL

(2010) 

 

 

IMPORT VALUE

:

45.000.000 TL

(2010)

 

 

IMPORT COUNTRIES

:

China

Uruguay

Italy

Egypt

U.S.A.

Argentina

Bulgaria

Greece

Canada

U.K.

Australia

 

MERCHANDISE IMPORTED

:

Corn

Other pulses

Rice

 

EXPORT VALUE

:

5.193 USD Thousand

(2009)

7.550 USD Thousand

(2010)

 

 

EXPORT COUNTRIES

:

Iraq

Northern Cyprus Turkish Republic

Lebanon

Austria

Egypt

Kuwait

 

MERCHANDISE  EXPORTED

:

Cereal grains

Lentil

Maize

Rice

 

HEAD OFFICE ADDRESS

:

Saray Mah. Fatih Sultan Mehmet Bul. No:327 Kazan Ankara / Turkey ( owned )

 

 

BRANCHES

:

Warehouse  :   Cankiri/Turkey (rented)

 

Warehouse  :   Mersin/Turkey

 

Head Office/Factory  :  Saray Mah. Fatih Sultan Mehmet Bul. No:327 Kazan Ankara/Turkey (owned)

 

Branch Office  :  Suleyman Demirel Cad. No:302 Buyukcekmece Istanbul/Turkey (rented)

 

 

INVESTMENTS

:

The firm is investing in a new factory in Mersin.

 

 

 

TREND OF BUSINESS

:

There was an upwards trend in  2010.

SIZE OF BUSINESS

:

Giant

 


 

FINANCE

 

MAIN DEALING BANKS

:

Akbank Ostim Ticari Branch

Albaraka Turk Katilim Bankasi Ostim Branch

ING Bank Cetinemec Branch

Kuveyt Turk Katilim Bankasi Ostim Branch

Vakiflar Bankasi Ostim Branch

 

PAYMENT BEHAVIOUR

:

No payment delays have come to our knowledge.

 

KEY FINANCIAL ELEMENTS

:

 

(2010) TL

 

 

 

Net Sales

170.515.193

 

 

 

Profit (Loss) Before Tax

2.310.865

 

 

 

Stockholders' Equity

22.014.459

 

 

 

Total Assets

117.727.314

 

 

 

 

 

COMMENT ON FINANCIAL POSITION

 

Capitalization

Low As of 31.12.2010

Profitability

Low Net Profitability  in 2010

 

General Financial Position

Unsatisfactory

 

 

 

Incr. in producers’ price index

 

Average USD/TL

Average EUR/TL

Average GBP/ TL

 ( 2009 )

5,93 %

1,5460

2,1529

2,4094

 ( 2010 )

8,87 %

1,5128

2,0096

2,3410

 ( 01.01-30.06.2011)

6,21 %

1,5771

2,2246

2,5422

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.05

UK Pound

1

Rs.72.40

Euro

1

Rs.63.46

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.