MIRA INFORM REPORT

 

 

Report Date :           

12.03.2012

 

IDENTIFICATION DETAILS

 

Name :

EVYAP SABUN YAG GLISERIN SANAYI VE TICARET A.S. 

 

 

Registered Office :

Ayazaga Mah. Kemerburgaz Cad. No:1 34396 Sisli  Istanbul

 

 

Country :

Turkey

 

 

Date of Incorporation :

06.10.1969

 

 

Com. Reg. No.:

104582

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Manufacture and trade of personal care and cleaning products such as cosmetics, soap, glycerin, nappies, wet wipes and hygienic pads

 

 

No. of Employees :

572

 

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

:

EVYAP SABUN YAG GLISERIN SANAYI VE TICARET A.S.

HEAD OFFICE ADDRESS

:

Ayazaga Mah. Kemerburgaz Cad. No:1 34396 Sisli  Istanbul / Turkey

PHONE NUMBER

:

90-212-289 23 00

 

FAX NUMBER

:

90-212-289 23 40-42

 

 

LEGAL STATUS AND HISTORY

 

TAX OFFICE

:

Buyuk Mukellefler

TAX NO

:

3830024231

REGISTRATION NUMBER

:

104582

REGISTERED OFFICE

:

Istanbul Chamber of Commerce

DATE ESTABLISHED

:

06.10.1969

LEGAL FORM

:

Joint Stock Company

TYPE OF COMPANY

:

Private

REGISTERED CAPITAL

:

TL   200.000.002

HISTORY

:

Previous Registered Capital

:

TL 150.000.000

Changed On

:

15.06.2009 (Commercial Gazette Date /Number 18.06.2009/ 7335)

 

 

OWNERSHIP / MANAGEMENT

 

SHAREHOLDERS

:

Evyap Holding A.S.

98,21 %

Nebahat Evyap

 

Selime Evyap

 

Nimet Evyap Isbilen

 

Ahmet Fikret Evyap

 

Mehmet Fethi Evyap

 

 

 

GROUP PARENT COMPANY

:

EVYAP HOLDING A.S.

 

SISTER COMPANIES

:

AROMEL KOZMETIK SANAYI VE TICARET A.S.

EVPAS EVYAP PAZARLAMA VE TICARET A.S.

EVTEMAS EVYAP TEMIZLIK MADDELERI SANAYI VE TICARET A.S.

EVYAP DENIZ ISLETMECILIGI LOJISTIK VE INSAAT A.S.

EVYAP HOLDING A.S.

MURUVVET EGITIM SAGLIK VE KULTUR HIZMETLERI VE TICARET A.S.

 

SUBSIDIARIES

:

EVPAS EVYAP PAZARLAMA VE TICARET A.S.

EVYAP DENIZ ISLETMECILIGI LOJISTIK VE INSAAT A.S.  ( 97,75 % )

 

BOARD OF DIRECTORS

:

Ahmet Fikret Evyap

Chairman

Mehmet Fethi Evyap

Vice-Chairman

Mehmed Evyap

Member

Nimet Evyap

Member

Nebahat Evyap Isbilen

Member

Selime Evyap

Member

 

 

OPERATIONS

 

BUSINESS ACTIVITIES

:

Manufacture and trade of personal care and cleaning products such as cosmetics, soap, glycerin, nappies, wet wipes and hygienic pads. 

 

NACE CODE

:

DG.24.50

 

 

TRADEMARKS OWNED

:

Activex

Amber

Arko

Ava

Blaze

Duru

Elvan

Fax

Faxomatik

Kidskin

Pamela

Sanino

Savoy

Shower Splash

 

NUMBER OF EMPLOYEES

:

572

 

REMARKS ON NET SALES

:

In Turkey, there is no public registry on companies’ financial and detailed general data. So, to collect a firm’s data, an information agency has to contact the company and get its authorization.  

 

However the company strictly declines to give us an authorization to gather its financial data. As the firm’s shares are not open to public it is not obliged to announce its data. 

 

CAPACITY

:

COSMETICS 

( tons/yr)

GLYCERIN 

( tons/yr)

SOAP  ( tons/yr)

 

52.403

14.400

280.292

(2004)

52.403

14.400

280.292

(2005)

61.532

14.400

280.292

(2006)

61.532

14.400

280.292

(2007)

61.532

14.400

280.292

(2008)

 

 

 

 

HYGIENIC PADS  ( units/yr)

NAPPY 

( units/yr)

WET WIPE 

( units/yr)

 

90.720.000

259.200.000

4.536.000

(2006)

90.720.000

259.200.000

4.536.000

(2007)

90.720.000

259.200.000

4.536.000

(2008)

 

 

 

 

 

IMPORT COUNTRIES

:

U.S.A.

Canada

U.K.

Switzerland

Far East Countries

South Korea

 

MERCHANDISE IMPORTED

:

Chemical materials

 

EXPORT COUNTRIES

:

Egypt

Spain

Italy

Ukraine

Tajikistan

Netherlands

 

MERCHANDISE  EXPORTED

:

Cleansing products

Soap

 

HEAD OFFICE ADDRESS

:

Ayazaga Mah. Kemerburgaz Cad. No:1 34396 Sisli  Istanbul / Turkey ( owned )

 

BRANCHES

:

Other  :  Kirazliyali - Izmit (It is used for transportation of the subject company) Kocaeli/Turkey (owned)

 

Factory  :  Tuzla Hijyenik Urunler Tesisleri Tuzla Istanbul/Turkey (owned)

 

Head Office/Factory  :  Ayazaga Mah. Kemerburgaz Cad. No:1 34396 Sisli Istanbul/Turkey (owned) (240.000 sqm)

 

 

FINANCE

 

MAIN DEALING BANKS

:

Akbank Istanbul Kurumsal Branch

Finansbank Maslak Branch

Garanti Bankasi Bakirkoy Kurumsal Branch

Turk Ekonomi Bankasi Gayrettepe Kurumsal Branch

Yapi ve Kredi Bankasi Esentepe Branch

 

PAYMENT BEHAVIOUR

:

No payment delays have come to our knowledge.

 

 

KEY FINANCIAL ELEMENTS

:

 

(2008) TL

(2009) TL

(2010) TL

 

 

Profit (Loss) Before Tax

14.681.296

49.332.518

22.687.628

 

 

 

 

 

 

COMMENT ON FINANCIAL POSITION

 

General Financial Position

The firm has profit but general financial position is undetermined.

 

 

Incr. in producers’ price index

 

Average USD/TL

Average EUR/TL

Average GBP/ TL

 ( 2008 )

8,11 %

1,2858

1,8876

2,3708

 ( 2009 )

5,93 %

1,5460

2,1529

2,4094

 ( 2010 )

8,87 %

1,5128

2,0096

2,3410

 ( 01.01-31.01.2012)

0,38 %

1,8353

2,3964

2,8635

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.02

UK Pound

1

Rs.79.00

Euro

1

Rs.66.18

 

 

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.