MIRA
INFORM REPORT
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Report Date : |
18.11.2011 |
IDENTIFICATION DETAILS
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Name : |
CONTINENTAL CONFECTIONERY COMPANY GIDA SANAYI VE TICARET A.S. |
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Formerly Known As : |
CCC GIDA SANAYI VE TICARET ANONIM SIRKETI |
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Registered Office : |
Cihangir Mah. Guvercin Cad. No:1 Avcilar Istanbul |
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Country : |
Turkey |
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Date of Incorporation : |
31.03.2009 |
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Com. Reg. No.: |
695393 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and trade of chewing gum and confectionery. |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Undetermined |
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Payment Behaviour : |
No Complaints |
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Litigation : |
-- |
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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Turkey |
B1 |
B1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
COMPANY IDENTIFICATION
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NAME |
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CONTINENTAL CONFECTIONERY COMPANY GIDA SANAYI VE TICARET A.S. |
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HEAD OFFICE ADDRESS |
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Cihangir Mah. Guvercin Cad. No:1 Avcilar Istanbul / Turkey |
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PHONE NUMBER |
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90-212-422 12 12 90-216-524 28 00 |
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FAX NUMBER |
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90-212-422 12 27 90-216-316 80 24 |
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WEB-ADDRESS |
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www.continentalconfectionerycompany.com |
LEGAL STATUS AND HISTORY
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TAX OFFICE |
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Avcilar |
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TAX NO |
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2030294772 |
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REGISTRATION NUMBER |
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695393 |
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REGISTERED OFFICE |
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Istanbul Chamber of Commerce |
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DATE ESTABLISHED |
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31.03.2009 |
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ESTABLISHMENT GAZETTE DATE/NO |
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06.04.2009/7285 |
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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 |
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TL 104.700.000 |
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HISTORY |
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OWNERSHIP / MANAGEMENT
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SHAREHOLDERS |
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REMARKS ON SHAREHOLDERS |
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Gumlink A/S is a foreign company located in Denmark. |
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GROUP |
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ULKER GROUP OF COMPANIES |
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GROUP PARENT COMPANY |
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YILDIZ HOLDING A.S. |
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SISTER COMPANIES |
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AGS ANADOLU GIDA SANAYI VE TICARET A.S. AK GIDA SANAYI VE TICARET A.S. ATADEMIR GIDA SANAYI VE TICARET A.S. ATLANTIK GIDA PAZARLAMA VE TICARET A.S. ATLAS GIDA PAZARLAMA SANAYI VE TICARET A.S. BASAK SAGLIK VE EGITIM HIZMETLERI SANAYI VE TICARET A.S. BAYCAN CIKLET VE GIDA SANAYI A.S. BELLINI GIDA SANAYI A.S. BESLER GIDA VE KIMYA SANAYI VE TICARET A.S. BIRLESIK DIS TICARET A.S. BIRLIK PAZARLAMA SANAYI VE TICARET A.S. BISKOT BISKUVI VE GIDA SANAYI VE TICARET A.S. BIZIM TOPTAN SATIS MAGAZALARI A.S. BUYUK ENDUSTRIYEL URUNLER PAZARLAMA VE SANAYI TICARET LTD. STI. DELLA GIDA SANAYI VE TICARET A.S. DINAMIK BILISIM HIZMETLERI LTD. STI. DOGA BITKISEL URUNLER SANAYI VE TICARET A.S. DORE DIREKT PAZARLAMA VE TICARET A.S. DORUK UNLU MAMULLER SANAYI VE PERAKENDE HIZMETLERI A.S. DOSU MAYA MAYACILIK A.S. EKSPER GIDA PAZARLAMA SANAYI VE TICARET A.S. ESAS PAZARLAMA VE TICARET A.S. ETKIN GIDA PAZARLAMA A.S. EXPER BILGISAYAR SISTEMLERI SANAYI VE TICARET A.S. FARMAMAK AMBALAJ MADDELERI VE AMBALAJ MAKINELERI SANAYI VE TICARET
A.S. FFK FON FINANSAL KIRALAMA A.S. FRESH CAKE GIDA SANAYI VE TICARET A.S. GARANTI GIDA SANAYI VE TICARET A.S. GLOBAL ILETISIM HIZMETLERI A.S. GOLF GIDA PAZARLAMA VE DAGITIM LTD. STI. HERO GIDA SANAYI VE TICARET A.S. HORIZON SEKERLEME VE GIDA ENDUSTRISI A.S. HUNER PAZARLAMA VE TICARET A.S. IDEAL GIDA SANAYI VE TICARET A.S. INTEGRAL BILGISAYAR ENDUSTRI URUNLERI SANAYI VE TICARET LTD. STI. ISTANBUL GIDA DIS TICARET A.S. KARMA GIDA YATIRIM SANAYI VE TICARET A.S. KAYNAK FINANSAL KIRALAMA A.S. KELLOGG MED GIDA TICARET LTD. STI. KEREVITAS GIDA SANAYI VE TICARET A.S. KOMILI KAGIT VE KISISEL BAKIM URETIM A.S. KOMILI TEMIZLIK URUNLERI PAZARLAMA A.S. LINK GIDA YATIRIM SANAYI TICARET A.S. MEDYASOFT BILGI SISTEMLERI SANAYI VE TICARET A.S. MERKEZ GIDA PAZARLAMA SANAYI VE TICARET A.S. MERSA ELEKTRONIK VE TEKNOLOJIK URUNLER TICARETI A.S. MILFORD YILDIZ GIDA SANAYI VE TICARET A.S. NATURA GIDA SANAYI VE TICARET A.S. NETLOG LOJISTIK HIZMETLERI A.S. ONCU ILETISIM PAZARLAMA YAPIM VE TICARET A.S. ONEM GIDA SANAYI VE TICARET A.S. ORGEN GIDA SANAYI VE TICARET A.S. PAKYAG SANAYII VE TICARET A.S. PASIFIK TUKETIM URUNLERI SATIS VE TICARET A.S. PNS PENDIK NISASTA SANAYI A.S. POLINAS PLASTIK SANAYII VE TICARET A.S. POLMAK AMBALAJ SANAYI VE TICARET A.S. REFORM GIDA PAZARLAMA SANAYI VE TICARET A.S. REKOR GIDA PAZARLAMA SANAYI VE TICARET A.S. ROTOPAS AMBALAJ SANAYI VE TICARET A.S. SAGLAM GAYRIMENKUL YATIRIM ORTAKLIGI A.S. SEHER GIDA PAZARLAMA SANAYI VE TICARET A.S. TAHIR TEMIZLIK MARKA HIZMETLERI SANAYI VE TICARET A.S. TEKOZEL GIDA TEMIZLIK SAGLIK MARKA HIZMETLERI SANAYI VE TICARET A.S. TOPKAPI MUHENDISLIK A.S. UFUK DOGAL GIDA VE AMBALAJ SANAYI A.S. ULKER BISKUVI SANAYI A.S. ULKER CIKOLATA SANAYI A.S. YILDIZ HOLDING A.S. |
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REMARKS ON SISTER COMPANIES |
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On 26.08.2011, Ulker Biskuvi Sanayi A.S. has decided to take over and
merge with its sister companies named as “Atlas Gida Pazarlama Sanayi ve Ticaret
A.S.”, Ideal Gida Sanayi ve Ticaret A.S.”, Birlik Pazarlama Sanayi ve Ticaret
A.S.” and “Fresh Cake Gida Sanayi ve Ticaret A.S.”. However the legal
procedure is still going on. On the other hand, “Biskot Biskuvi Gida Sanayi ve Ticaret A.S."
which is the other group companies has
decided to take over and merge with "AGS Anadolu Gida Sanayi ve Ticaret
A.S". However the legal procedure is still going on. |
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BOARD OF DIRECTORS |
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DIRECTORS |
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OPERATIONS
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BUSINESS ACTIVITIES |
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Manufacture and trade of chewing gum and confectionery. |
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NACE CODE |
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DA.15.84 |
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SECTOR |
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Food |
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NUMBER OF EMPLOYEES |
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950 |
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NET SALES |
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REMARKS ON NET SALES |
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The net sales figure of 2010 is declared by the firm. There is no
certification for this figure. |
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IMPORT COUNTRIES |
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Far East Countries |
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MERCHANDISE IMPORTED |
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Raw materials |
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EXPORT COUNTRIES |
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South Africa Czech Republic Finland Denmark U.A.E. Mexico Poland Italy Germany Netherlands Belgium |
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MERCHANDISE EXPORTED |
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Chewing gum Confectionery |
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HEAD OFFICE ADDRESS |
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Cihangir Mah. Guvercin Cad. No:1 Avcilar Istanbul / Turkey |
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BRANCHES |
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Factory : Corlu Tekirdag/Turkey Head Office/Factory : Cihangir Mah. Guvercin Cad. No:1 Avcilar
Istanbul/Turkey |
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INVESTMENTS |
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Investments are going on. |
FINANCE
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MAIN DEALING BANKS |
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Akbank Kurumsal Branch T. Is Bankasi Kozyatagi Kurumsal Branch Yapi ve Kredi Bankasi Anadolu Yakasi Branch |
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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 |
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. |
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Incr. in producers’ price index |
Average USD/TL |
Average EUR/TL |
Average GBP/ TL |
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( 2010 ) |
8,87 % |
1,5128 |
2,0096 |
2,3410 |
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( 01.01-31.10.2011) |
11,48 % |
1,6444 |
2,3157 |
2,6459 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.50.72 |
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1 |
Rs.79.88 |
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Euro |
1 |
Rs.68.46 |
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 |
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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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.