MIRA INFORM REPORT

 

 

Report Date :

26.08.2013

 

IDENTIFICATION DETAILS

 

Name :

DOSU MAYA MAYACILIK A.S.

 

 

Registered Office :

Yukari Dudullu Organize Sanayi Bolgesi 2. Cad. No:25 Umraniye Istanbul 

 

 

Country :

Turkey

 

 

Date of Incorporation :

25.01.2010

 

 

Com. Reg. No.:

722773

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Manufacture and trade of fresh yeast and dry yeast.

 

 

No. of Employees :

202

 

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 :

Unknown

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 – March 31st, 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

Turkey

B2

B2

 

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 9.2% in 2010, as exports returned to normal levels following the recession. Growth dropped to approximately 3% in 2012. Turkey's public sector debt to GDP ratio has fallen to about 40%, and at least one rating agency upgraded Turkey's debt to investment grade in 2012. Turkey remains dependent on often volatile, short-term investment to finance its large trade deficit. The stock value of FDI stood at $117 billion at year-end 2012. Inflows have slowed because of continuing economic turmoil in Europe, the source of much of Turkey's FDI. 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


 

 

NOTES

:

Address at your inquiry is the former address.

 

 

COMPANY IDENTIFICATION

 

 

NAME

:

DOSU MAYA MAYACILIK A.S.

HEAD OFFICE ADDRESS

:

Yukari Dudullu Organize Sanayi Bolgesi 2. Cad. No:25 Umraniye Istanbul / Turkey

PHONE NUMBER

:

90-288-443 98 26

 

FAX NUMBER

:

90-216-527 30 19

 

WEB-ADDRESS

:

www.dosumaya.com.tr

 

 

LEGAL STATUS AND HISTORY

 

 

TAX OFFICE

:

Anadolu Kurumlar

TAX NO

:

3100578144

REGISTRATION NUMBER

:

722773

REGISTERED OFFICE

:

Istanbul Chamber of Commerce

DATE ESTABLISHED

:

25.01.2010

ESTABLISHMENT GAZETTE DATE/NO

:

29.01.2010/7490

LEGAL FORM

:

Joint Stock Company

TYPE OF COMPANY

:

Private

REGISTERED CAPITAL

:

TL   16.068.000

 

 

HISTORY

:

Previous Registered Capital

:

TL 50.000

Changed On

:

27.08.2010 (Commercial Gazette Date /Number 03.09.2010/ 7642)

Previous Address

:

Ebulula Mardin Cad. Caglayan Sitesi B Blok No:24 D:4 Akatlar Besiktas Istanbul

Changed On

:

27.08.2010 (Commercial Gazette Date /Number 03.09.2010/ 7642)

Previous Address

:

Serifali Mah. Turker Cad. No:55 Umraniye Istanbul (The address was changed from "Yukari Dudullu Mah. Turker Cad. No:41" by the Municipality.)

Changed On

:

28.03.2013 (Commercial Gazette Date /Number 03.04.2013/ 8292)

 

 

OWNERSHIP / MANAGEMENT

 

 

 

SHAREHOLDERS

:

Ulker Group

 

 

 

REMARKS ON SHAREHOLDERS

:

Distribution of the shares is not available.

 

 

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.

ANCOKER SU URUNLERI SANAYI VE TICARET A.S.

ATADEMIR GIDA SANAYI VE TICARET A.S.

ATLAS GIDA PAZARLAMA SANAYI VE TICARET A.S.

AZMUSEBAT CELIK SANAYI VE TICARET A.S.

BAGETURK GIDA SANAYI VE TICARET A.S.

BAHAR SU SANAYI VE TICARET A.S.

BASAK SAGLIK VE EGITIM HIZMETLERI SANAYI VE TICARET A.S.

BAYCAN SAKIZ VE GIDA YATIRIMLARI SANAYI VE TICARET 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.

CONTINENTAL CONFECTIONERY COMPANY GIDA SANAYI VE TICARET A.S.

DANEM GIDA SANAYI VE TICARET A.S.

DANK GIDA SANAYI VE TICARET A.S.

DELLA GIDA SANAYI VE TICARET A.S.

DINAMIK BILISIM HIZMETLERI LTD. STI.

DONUK FIRINCILIK URUNLERI SANAYI VE TICARET A.S.

DORE DIREKT PAZARLAMA VE TICARET A.S.

DORUK UNLU MAMULLER SANAYI VE PERAKENDE HIZMETLERI A.S.

DURAN-DOGAN BASIM VE AMBALAJ SANAYI A.S.

E SISTEM BILGI TEKNOLOJILERI SANAYI VE TICARET A.S.

EGAL GIDA MADDELERI 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.

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.

GLOBAL KAHVE PERAKENDECILIGI GIDA SANAYI VE TICARET A.S.

GOZDE GIRISIM SERMAYESI YATIRIM ORTAKLIGI A.S.

HERO GIDA SANAYI VE TICARET A.S.

HORIZON HIZLI TUKETIM URUNLERI PAZARLAMA SATIS VE TICARET 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.

MARSA YAG SANAYI VE TICARET A.S.

MCCORMICK YILDIZ GIDA SANAYI VE TICARET A.S.

MEDYASOFT BILGI SISTEMLERI 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.

MIS KOPUZ GIDA SANAYI VE TICARET A.S.

NATURA GIDA SANAYI VE TICARET A.S.

NISSIN YILDIZ GIDA SANAYI VE TICARET A.S.

NORTHSTAR INNOVATION ENDUSTRIYEL YATIRIMLAR VE DANISMANLIK A.S.

ODAK DIS 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.

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.

SOK MARKETLER 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.

UNO TASIMACILIK VE DAGITIM HIZMETLERI A.S.

US HOLDING A.S.

YD MADENCILIK A.S.

YENI CIKOLATALI MAMULLER GIDA SANAYI VE TICARET A.S.

YILDIZ GRANINI MEYVE SUYU SANAYI VE TICARET A.S.

YILDIZ HOLDING A.S.

 

BOARD OF DIRECTORS

:

Hasip Gencer

Chairman

Kokler Yatirim Holding A.S.

(Representative: Halil Cem Karakas)

Member

Zeki Ziya Sozen

Member

Murat Ulker

Member

Doruk Group Holding A.S.

(Representative: Federico Caruncho Diaz Grande)

Member

 

 

OPERATIONS

 

 

BUSINESS ACTIVITIES

:

Manufacture and trade of fresh yeast and dry yeast.

 

NACE CODE

:

DA.15.89

 

SECTOR

:

Food

 

NUMBER OF EMPLOYEES

:

202

 

NET SALES

:

60.824.145 TL + 30.873.496 USD

(2012) 

 

 

EXPORT VALUE

:

28.451.462 USD

(2011)

30.873.496 USD

(2012)

 

 

 

HEAD OFFICE ADDRESS

:

Yukari Dudullu Organize Sanayi Bolgesi 2. Cad. No:25 Umraniye Istanbul / Turkey

 

BRANCHES

:

Factory  :  E-5 Karayolu Uzeri Evren 8 Kavsagi Luleburgaz Kirklareli/Turkey

 

 

 

FINANCE

 

 

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

 ( 2011 )

13,33 %

1,6797

2,3378

2,6863

 ( 2012 )

2,45 %

1,7995

2,3265

2,8593

 ( 01.01-31.07.2013)

3,48 %

1,8387

2,4151

2,8409


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs. 64.69

UK Pound

1

Rs. 100.80

Euro

1

Rs. 86.30

 

 

INFORMATION DETAILS

 

Report Prepared by :

NIS

 

 

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.