|
Report Date : |
25.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
CONTINENTAL CONFECTIONERY COMPANY GIDA SANAYI VE TICARET A.S. |
|
|
|
|
|
|
Formerly Known As : |
CCC GIDA SANAYI VE TICARET ANONIM SIRKETI |
|
|
Registered Office : |
Cihangir Mah. Guvercin Cad. No:1 Avcilar Istanbul |
|
|
|
|
|
|
Country : |
Turkey |
|
|
|
|
|
|
Date of Incorporation : |
31.03.2009 |
|
|
|
|
|
|
Com. Reg. No.: |
695393 |
|
|
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
|
|
Line of Business : |
Manufacture and trade of chewing gum and confectionery. |
|
|
|
|
|
|
No. of Employees : |
848 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Turkey |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
TURKEY - ECONOMIC OVERVIEW
Turkey's largely free-market
economy is increasingly driven by its industry and service sectors, although
its traditional agriculture sector still accounts for about 25% of employment.
An aggressive privatization program has reduced state involvement in basic
industry, banking, transport, and communication, and an emerging cadre of
middle-class entrepreneurs is adding dynamism to the economy and expanding
production beyond the traditional textiles and clothing sectors. The
automotive, construction, and electronics industries, are rising in importance
and have surpassed textiles within Turkey's export mix. Oil began to flow
through the Baku-Tbilisi-Ceyhan pipeline in May 2006, marking a major milestone
that will bring up to 1 million barrels per day from the Caspian to market.
Several gas pipelines projects also are moving forward to help transport
Central Asian gas to Europe through Turkey, which over the long term will help
address Turkey's dependence on imported oil and gas to meet 97% of its energy
needs. After Turkey experienced a severe financial crisis in 2001, Ankara
adopted financial and fiscal reforms as part of an IMF program. The reforms
strengthened the country's economic fundamentals and ushered in an era of
strong growth - averaging more than 6% annually until 2008. Global economic
conditions and tighter fiscal policy caused GDP to contract in 2009, but
Turkey's well-regulated financial markets and banking system helped the country
weather the global financial crisis and GDP rebounded strongly to 8.2% in 2010,
as exports returned to normal levels following the recession. Turkey's public
sector debt to GDP ratio has fallen to roughly 40%. Continued strong growth has
pushed inflation to the 8% level, however, and worsened an already high current
account deficit. Turkey remains dependent on often volatile, short-term
investment to finance its large trade deficit. The stock value of FDI stood at
$99 billion at year-end 2011. Inflows have slowed considerably in light of
continuing economic turmoil in Europe, the source of much of Turkey's FDI.
Further economic and judicial reforms and prospective EU membership are
expected to boost Turkey's attractiveness to foreign investors. However,
Turkey's relatively high current account deficit, uncertainty related to
monetary policy-making, and political turmoil within Turkey's neighborhood
leave the economy vulnerable to destabilizing shifts in investor confidence.
Source
: CIA
|
|
||
|
NAME |
: |
CONTINENTAL CONFECTIONERY COMPANY GIDA SANAYI VE TICARET A.S. |
|
HEAD OFFICE ADDRESS |
: |
Cihangir Mah. Guvercin Cad. No:1 Avcilar Istanbul / Turkey |
|
PHONE NUMBER |
: |
90-212-422 12 12 90-216-524 28 00 |
|
FAX NUMBER |
: |
90-212-422 12 27 90-216-316 80 24 |
|
WEB-ADDRESS |
: |
www.continentalconfectionerycompany.com |
|
|
||||||||||||||||||||||||||||||||
|
TAX OFFICE |
: |
Avcilar |
||||||||||||||||||||||||||||||
|
TAX NO |
: |
2030294772 |
||||||||||||||||||||||||||||||
|
REGISTRATION NUMBER |
: |
695393 |
||||||||||||||||||||||||||||||
|
REGISTERED OFFICE |
: |
Istanbul Chamber of Commerce |
||||||||||||||||||||||||||||||
|
DATE ESTABLISHED |
: |
31.03.2009 |
||||||||||||||||||||||||||||||
|
ESTABLISHMENT GAZETTE DATE/NO |
: |
06.04.2009/7285 |
||||||||||||||||||||||||||||||
|
LEGAL FORM |
: |
Joint Stock Company |
||||||||||||||||||||||||||||||
|
TYPE OF COMPANY |
: |
Private |
||||||||||||||||||||||||||||||
|
REGISTERED CAPITAL |
: |
TL 105.290.000 |
||||||||||||||||||||||||||||||
|
HISTORY |
: |
|
||||||||||||||||||||||||||||||
|
|
||||||||||||||||
|
SHAREHOLDERS |
: |
|
||||||||||||||
|
REMARKS ON SHAREHOLDERS |
: |
Gumlink A/S is a foreign company located in Denmark. |
||||||||||||||
|
GROUP |
: |
ULKER GROUP OF COMPANIES |
||||||||||||||
|
GROUP PARENT COMPANY |
: |
YILDIZ HOLDING A.S. |
||||||||||||||
|
SISTER COMPANIES |
: |
AK GIDA SANAYI VE TICARET A.S. AKTIF GENCLIK SPORTIF YATIRIM VE YONETIM HIZMETLERI TICARET A.S. AKYEL INSAAT TURIZM SANAYI VE TICARET A.S. ATADEMIR GIDA SANAYI VE TICARET A.S. ATLANTIK GIDA PAZARLAMA VE TICARET A.S. BAHAR SU SANAYI VE TICARET A.S. BASAK SAGLIK VE EGITIM HIZMETLERI SANAYI VE TICARET A.S. BAYCAN CIKLET VE GIDA SANAYI A.S. BAYCAN SAKIZ VE GIDA YATIRIMLARI SANAYI VE TICARET A.S. BELLINI GIDA SANAYI A.S. BESLER GIDA VE KIMYA SANAYI VE TICARET A.S. BIRLESIK DIS 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. DANK GIDA SANAYI VE TICARET A.S. DELLA GIDA SANAYI VE TICARET A.S. DINAMIK BILISIM HIZMETLERI LTD. STI. DORE DIREKT PAZARLAMA VE TICARET A.S. DORUK UNLU MAMULLER SANAYI VE PERAKENDE HIZMETLERI A.S. DOSU MAYA MAYACILIK A.S. DURAN-DOGAN BASIM VE AMBALAJ SANAYI A.S. E SISTEM BILGI TEKNOLOJILERI SANAYI VE TICARET A.S. EKSPER GIDA PAZARLAMA SANAYI VE TICARET A.S. EKZIMER DIS TICARET GIDA SANAYI A.S. ELIT MIMARLIK TURIZM 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. FRB UNLU MAMULLER SANAYI VE TICARET A.S. GIZ AJANS ORGANIZASYON REKLAM TANITIM PAZARLAMA SANAYI VE TICARET A.S. GLOBAL GIDA SANAYI VE TICARET A.S. GOLF GIDA PAZARLAMA VE DAGITIM LTD. STI. GOZDE GIRISIM SERMAYESI YATIRIM ORTAKLIGI A.S. HERO GIDA SANAYI VE TICARET A.S. HORIZON SEKERLEME VE GIDA ENDUSTRISI A.S. HUNER PAZARLAMA VE TICARET A.S. INTEGRAL BILGISAYAR ENDUSTRI URUNLERI SANAYI VE TICARET LTD. STI. ISTANBUL GIDA DIS TICARET A.S. IZSAL GAYRIMENKUL GELISTIRME A.S. KARMA GIDA YATIRIM SANAYI VE TICARET A.S. KARMA TARIMSAL URETIM VE TICARET A.S. KAYNAK FINANSAL KIRALAMA A.S. KELLOGG MED GIDA TICARET LTD. STI. KEREVITAS GIDA SANAYI VE TICARET A.S. KOKLER YATIRIM HOLDING A.S. KOMILI TEMIZLIK URUNLERI PAZARLAMA A.S. LEZIZ UNLU MAMULLER GIDA SANAYI VE TICARET 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. MERKUR INSAAT TICARET A.S. MERSU SU URUNLERI SANAYI VE TICARET A.S. MGS MARMARA GIDA SANAYI VE TICARET A.S. MILFORD YILDIZ GIDA SANAYI VE TICARET A.S. NATURA GIDA SANAYI 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. SAF GAYRIMENKUL YATIRIM ORTAKLIGI A.S. SAGLAM INSAAT TAAHHUT TICARET A.S. SCA YILDIZ KAGIT VE KISISEL BAKIM URETIM A.S. SEHER GIDA PAZARLAMA SANAYI VE TICARET A.S. TAC YATIRIM ORTAKLIGI 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. UNMAS UNLU MAMULLER SANAYI VE TICARET A.S. US HOLDING A.S. YD MADENCILIK A.S. YENI CIKOLATALI MAMULLER GIDA SANAYI VE TICARET A.S. YILDIZ HOLDING A.S. |
||||||||||||||
|
BOARD OF DIRECTORS |
: |
|
||||||||||||||
|
DIRECTORS |
: |
|
||||||||||||||
|
|
||
|
BUSINESS ACTIVITIES |
: |
Manufacture and trade of chewing gum and confectionery. The company which was established on 31.03.2010 has declared that, it
started active operation in June 2010. |
|
NACE CODE |
: |
DA.15.84 |
|
SECTOR |
: |
Food |
|
NUMBER OF EMPLOYEES |
: |
848 |
|
NET SALES |
: |
|
||||||
|
REMARKS ON NET SALES |
: |
The net sales figure of 2010 is declared by the firm. There is no
certification for this figure. |
||||||
|
IMPORT COUNTRIES |
: |
Far East Countries |
||||||
|
MERCHANDISE IMPORTED |
: |
Raw materials |
||||||
|
EXPORT VALUE |
: |
|
||||||
|
EXPORT COUNTRIES |
: |
South Africa Czech Republic Finland Denmark U.A.E. Mexico Poland Italy Germany Netherlands Belgium |
||||||
|
MERCHANDISE EXPORTED |
: |
Chewing gum Confectionery |
||||||
|
HEAD OFFICE ADDRESS |
: |
Cihangir Mah. Guvercin Cad. No:1 Avcilar Istanbul / Turkey |
||||||
|
BRANCHES |
: |
Factory : Corlu Tekirdag/Turkey Head Office/Factory : Cihangir Mah. Guvercin Cad. No:1 Avcilar
Istanbul/Turkey |
||||||
|
INVESTMENTS |
: |
Investments are going on. |
|
TREND OF
BUSINESS |
: |
There was an
upwards trend in 2011. |
|
SIZE OF BUSINESS |
: |
Giant |
|
|
||||||||||
|
MAIN DEALING BANKS |
: |
Akbank Kurumsal Branch T. Is Bankasi Kozyatagi Kurumsal Branch Yapi ve Kredi Bankasi Anadolu Yakasi Branch |
||||||||
|
PAYMENT BEHAVIOUR |
: |
No payment delays have come to our knowledge. |
||||||||
|
KEY FINANCIAL ELEMENTS |
: |
|
||||||||
|
THE DETAILS OF
THE CAPITAL INCREASE AFTER LAST
BALANCE SHEET |
: |
Cash Part |
:1.494,34 TL |
|
Equity Part |
:588.505,66 TL |
||
|
Payment Due Date |
:24.07.2012 |
|
Capitalization |
Low As of
31.12.2011 |
|
Remarks on
Capitalization |
There has been capital
increase after the last balance sheet date. |
|
General
Financial Position |
Unsatisfactory |
|
|
Incr. in producers’ price index |
Average USD/TL |
Average EUR/TL |
Average GBP/ TL |
|
( 2010 ) |
8,87 % |
1,5128 |
2,0096 |
2,3410 |
|
( 2011 ) |
13,33 % |
1,6797 |
2,3378 |
2,6863 |
|
( 01.01-31.08.2012) |
2,28 % |
1,8038 |
2,3238 |
2,8465 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.29 |
|
|
1 |
Rs.86.43 |
|
Euro |
1 |
Rs.68.95 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.