MIRA INFORM REPORT

 

 

Report Date :           

25.10.2011

 

IDENTIFICATION DETAILS

 

Name :

ONEM GIDA SANAYI VE TICARET A.S.

 

 

Registered Office :

Davutpasa Cad. No:18 Topkapi Zeytinburnu 34015 Istanbul

 

 

Country :

Turkey

 

 

Date of Incorporation :

17.11.2003

 

 

Com. Reg. No.:

509632

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Manufacture and trade of cocoa, chocolate and sugar confectionery.

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Turkey

b1

b1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

COMPANY IDENTIFICATION

 

NAME

:

ONEM GIDA SANAYI VE TICARET A.S.

HEAD OFFICE ADDRESS

:

Davutpasa Cad. No:18 Topkapi Zeytinburnu 34015 Istanbul / Turkey

PHONE NUMBER

:

90-212-567 68 00

 

FAX NUMBER

:

90-212-567 44 14

 

 

 

LEGAL STATUS AND HISTORY

 

TAX OFFICE

:

Davutpasa

TAX NO

:

6580373036

REGISTRATION NUMBER

:

509632

REGISTERED OFFICE

:

Istanbul Chamber of Commerce

DATE ESTABLISHED

:

17.11.2003

ESTABLISHMENT GAZETTE DATE/NO

:

20.11.2003/5932

LEGAL FORM

:

Joint Stock Company

TYPE OF COMPANY

:

Private

REGISTERED CAPITAL

:

TL   25.000.000

HISTORY

:

Previous Registered Capital

:

TL 50.000

Changed On

:

15.12.2006 (Commercial Gazette Date /Number 20.12.2006/ 6708)

Previous Address

:

Gumussuyu Cad. Fazilpasa Sokak No:10 Topkapi Zeytinburnu/Istanbul

Changed On

:

01.03.2006 (Commercial Gazette Date /Number 06.03.2006/ 6506)

 

 

OWNERSHIP / MANAGEMENT

 

SHAREHOLDERS

:

Yildiz Holding As.

 

Others

 

 

 

GROUP

:

ULKER GROUP OF COMPANIES

 

GROUP PARENT COMPANY

:

YILDIZ HOLDING A.S.

 

SISTER COMPANIES

:

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.

CONTINENTAL CONFECTIONERY COMPANY GIDA SANAYI VE TICARET A.S.

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.

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.

 

REMARKS ON SISTER COMPANIES

:

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. 

 

BOARD OF DIRECTORS

:

Murat Ulker

Chairman

Ali Ulker

Vice-Chairman

Huseyin Avni Metinkale

Member

Emin Yasar Ozkan

Member

 

 

DIRECTORS

:

Huseyin Sevim

General Manager

 

 

OPERATIONS

 

BUSINESS ACTIVITIES

:

Manufacture and trade of cocoa, chocolate and sugar confectionery.

 

NACE CODE

:

DA.15.84

 

SECTOR

:

Food

 

NUMBER OF EMPLOYEES

:

145

 

NET SALES

:

569.533.744 TL

(2009) 

565.724.594 TL

(2010) 

 

 

EXPORT VALUE

:

249 USD Thousand

(2010)

 

 

EXPORT COUNTRIES

:

Belgium

 

MERCHANDISE  EXPORTED

:

Cocoa Beans(whole or broken,raw or roasted)

 

HEAD OFFICE ADDRESS

:

Davutpasa Cad. No:18 Topkapi Zeytinburnu 34015 Istanbul / Turkey

 

BRANCHES

:

Branch Office  :  Trakya Serbest Bolgesi Ferhat Pasa Mah. Ali Riza Cad. D1 Blok Catalca Istanbul/Turkey

 

 

TREND OF BUSINESS

:

There was a decline at business volume in nominal terms in  2010.

SIZE OF BUSINESS

:

Giant

 

 

FINANCE

 

PAYMENT BEHAVIOUR

:

No payment delays have come to our knowledge.

 

KEY FINANCIAL ELEMENTS

:

 

(2009) TL

(2010) TL

 

 

 

Net Sales

569.533.744

565.724.594

 

 

 

Profit (Loss) Before Tax

-1.671.819

11.130.425

 

 

 

Stockholders' Equity

32.587.122

43.792.547

 

 

 

Total Assets

373.917.928

376.102.488

 

 

 

 

 

 

 

COMMENT ON FINANCIAL POSITION

 

Capitalization

Low As of 31.12.2010

Profitability

Net Loss  in 2009

Fair 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

 ( 01.01-30.09.2011)

9,72 %

1,6335

2,3016

2,6294

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.87

UK Pound

1

Rs.79.73

Euro

1

Rs.69.52

 

 

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.