MIRA INFORM REPORT

 

 

Report Date :           

17.01.2012

 

IDENTIFICATION DETAILS

 

Name :

KOSAN KOZMETIK SANAYII VE TICARET A.S.

 

 

Registered Office :

Ihsan Dede Cad. No: 133 Gebze Kocaeli

 

 

Country :

Turkey

 

 

Date of Incorporation :

29.02.1972

 

 

Com. Reg. No.:

7685

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Manufacture and trade of cosmetics

 

 

No. of Employees :

350

 

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

:

KOSAN KOZMETIK SANAYII VE TICARET A.S.

HEAD OFFICE ADDRESS

:

Ihsan Dede Cad. No: 133 Gebze Kocaeli / Turkey

PHONE NUMBER

:

90-262-751 03 33

 

FAX NUMBER

:

90-262-751 02 91

 

 

 

LEGAL STATUS AND HISTORY

 

NOTES ON LEGAL STATUS AND HISTORY

:

The paid-in capital is declared by the subject. There is no certification for the paid-in capital..

 

 

TAX OFFICE

:

Ilyasbey

TAX NO

:

5800097400

REGISTRATION NUMBER

:

7685

REGISTERED OFFICE

:

Gebze Chamber of Commerce

DATE ESTABLISHED

:

29.02.1972

LEGAL FORM

:

Joint Stock Company

TYPE OF COMPANY

:

Private

REGISTERED CAPITAL

:

TL   12.000.000

PAID-IN CAPITAL

:

TL   12.000.000

HISTORY

:

Previous Registered Capital

:

TL 4.500.000

Changed On

:

29.12.2009 (Commercial Gazette Date /Number 07.01.2010/ 7474)

Other Changes

:

The company was firstly established in Istanbul and it was registered at Istanbul Commercial Registry with registration no: 113928. Then the company moved to Gebze Kocaeli and registered at Gebze Commercial Registry on 20.04.2004 under the registration no:  7685.

Changed On

:

20.04.2004 (Commercial Gazette Date /Number 30.04.2004/ 6040)

 

OWNERSHIP / MANAGEMENT

 

SHAREHOLDERS

:

Samuel Senbay

52 %

Alp Senbay

21 %

Cem Senbay

21 %

Luiza Senbay

4 %

Ester Ruben

2 %

 

 

SISTER COMPANIES

:

ARES KOZMETIK SANAYI A.S.

KOSAN KOZMETIK PAZARLAMA VE TICARET A.S.

 

BOARD OF DIRECTORS

:

Samuel Senbay

Chairman

Cem Senbay

Vice-Chairman

Alp Senbay

Member

 

 

OPERATIONS

 

BUSINESS ACTIVITIES

:

Manufacture and trade of cosmetics. 

 

NACE CODE

:

DG.24.52

 

SECTOR

:

Chemicals

 

TRADEMARKS OWNED

:

Flormar

Interkoz

Kursan

Ores

 

NUMBER OF EMPLOYEES

:

350

 

 

NET SALES

:

38.735.000 TL

(2010) 

56.324.000 TL

(01.01-30.11.2011) 

 

 

REMARKS ON NET SALES

:

The a.m net sales figures are declared by the subject company. There is no certification for these figures.  

 

IMPORT COUNTRIES

:

European Countries

Far East Countries

 

MERCHANDISE IMPORTED

:

Raw materials

 

EXPORT COUNTRIES

:

European Countries

Middle East Countries

 

MERCHANDISE  EXPORTED

:

Cosmetics

 

HEAD OFFICE ADDRESS

:

Ihsan Dede Cad. No: 133 Gebze Kocaeli / Turkey

 

BRANCHES

:

Head Office/Factory  :  Ihsan Dede Cad. No: 133 Gebze Kocaeli/Turkey (15.000 sqm)

 

 

 

TREND OF BUSINESS

:

There appears an upwards trend in 1.1 - 30.11.2011.

 

 

FINANCE

 

MAIN DEALING BANKS

:

Akbank Gebze Branch

Garanti Bankasi Organize Sanayi Bolgesi Branch

T.Is Bankasi Gebze Ticari Branch

Yapi ve Kredi Bankasi Organize Sanayi Bolgesi Branch

 

PAYMENT BEHAVIOUR

:

No payment delays have come to our knowledge.

 

 

 

COMMENT ON FINANCIAL POSITION

 

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.

 

 

 

Incr. in producers’ price index

 

Average USD/TL

Average EUR/TL

Average GBP/ TL

 ( 2010 )

8,87 %

1,5128

2,0096

2,3410

 ( 01.01-30.11.2011)

12,20 %

1,6616

2,3280

2,6658

 ( 2011 )

13,33 %

1,6797

2,3378

2,6863

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.65

UK Pound

1

Rs.79.09

Euro

1

Rs.65.32

 

 

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%)

 

 

 

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