KOC HOLDING A.S.

Credit Report Generated on 27 Jan 2021

Summary
Overall Credit Score Credit Limit Recommendation

C €2,000,000,000
The recommended limit is
Low Low-Moderate Moderate Moderate-High High based on a "moderate
risk" level of business
failure.

Court Judgments Charges Mortgages

- - -

EBITDA Turnover Number of Employees Age of Business

- TRY125,719,788,000 100019 57

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 KOC HOLDING A.S. Credit Report Generated on 27 Jan 2021

Company profile

Company Name KOC HOLDING A.S.

Status Active

Date of incorporation 11-12-1963

Registration Number 85714

Kuzguncuk Mah. Nakkastepe Azizbey Sok. No:1 Uskudar, Istanbul-

Registered address
34674

Trading Address -

Latest Filed Accounts -

Type of Accounts Consolidated

Auditor -

Registered activities default, Conglomerate

Parent company -

Ultimate Holding Company -

Principal activity 7415, Conglomerate

Website https://www.koc.com.tr/

Telephone Number +902165310000

Email -

VAT Number 5700020575

Legal Form Joint Stock Company

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 KOC HOLDING A.S. Credit Report Generated on 27 Jan 2021

Miscellaneous Information

Fax Number 902165310099

Tax Office Buyuk Mukellefler

Tax Number 5700020575

Commercial Registry Istanbul Commercial Registry

Gazette Date Established 11.12.1963

We are of the opinion that, a max. credit of 2.000.000.000 EUR may be

Credit Assessment
granted to the subject company.

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 KOC HOLDING A.S. Credit Report Generated on 27 Jan 2021

Financials
Date Of Accounts 31-12-2016 31-12-2017 31-12-2018 31-12-2019 30-09-2020

-% 21.8 % 39.79 % -4.09 % -385.7 %

Working Capital
TRY14,200,149,000 TRY17,295,490,000 TRY24,187,287,000 TRY23,202,641,000 -TRY66,279,287,000

-% 19.39 % 28.1 % 29.8 % 436.0 %

Total Liabilities
TRY51,205,214,000 TRY61,133,350,000 TRY78,317,471,000 TRY101,691,553,000 TRY545,072,938,000

Consolidated A/cs Yes Yes Yes Yes Yes

02-01-2016 01-01-2017 01-01-2018 01-01-2019 02-10-2019

Reporting period
31-12-2016 31-12-2017 31-12-2018 31-12-2019 30-09-2020

-% 18.2 % 20.39 % 20.8 % 315.39 %

Total Assets
TRY88,071,112,000 TRY104,064,368,000 TRY125,275,881,000 TRY151,343,588,000 TRY628,653,005,000

-% 41.9 % 12.8 % -20.7 % 53.4 %

Profit after tax
TRY3,459,993,000 TRY4,908,740,000 TRY5,537,028,000 TRY4,391,159,000 TRY6,736,573,000

-% 39.4 % 44.9 % 7.2 % -18.1 %

Turnover
TRY70,931,629,000 TRY98,866,749,000 TRY143,248,308,000 TRY153,516,007,000 TRY125,719,788,000

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 KOC HOLDING A.S. Credit Report Generated on 27 Jan 2021

Financials / Balance Sheet

Date Of Accounts 31-12-2016 31-12-2017 31-12-2018 31-12-2019 30-09-2020

-% 5.5 % 11.2 % 11.6 % 67.59 %

Intangible Assets
TRY5,854,899,000 TRY6,174,859,000 TRY6,865,165,000 TRY7,658,671,000 TRY12,837,129,000

-% 8.3 % 22.3 % 13.7 % 22.5 %

Tangible Assets
TRY20,282,091,000 TRY21,962,057,000 TRY26,864,130,000 TRY30,548,688,000 TRY37,414,923,000

-% 52.9 % 11.3 % 6.2 % 764.1 %

Trade Debtors
TRY11,417,798,000 TRY17,460,596,000 TRY19,432,225,000 TRY20,644,629,000 TRY178,386,247,000

-% 22.7 % 17.89 % 53.9 % 182.0 %

Cash
TRY16,996,921,000 TRY20,850,437,000 TRY24,577,490,000 TRY37,816,360,000 TRY106,636,859,000

-% 28.9 % 22.3 % 27.0 % 321.89 %

Current Assets
TRY41,077,302,000 TRY52,950,143,000 TRY64,765,742,000 TRY82,228,762,000 TRY346,904,009,000

-% 18.2 % 20.39 % 20.8 % 315.39 %

Total Assets
TRY88,071,112,000 TRY104,064,368,000 TRY125,275,881,000 TRY151,343,588,000 TRY628,653,005,000

-% 19.0 % 4.5 % 71.4 % 1022.7 %

Trade Creditors
TRY12,550,464,000 TRY14,931,416,000 TRY15,597,256,000 TRY26,727,432,000 TRY300,080,248,000

-% 32.7 % 13.8 % 45.5 % 600.0 %

Current Liabilities
TRY26,877,153,000 TRY35,654,653,000 TRY40,578,455,000 TRY59,026,121,000 TRY413,183,296,000

-% 19.39 % 28.1 % 29.8 % 436.0 %

Total Liabilities
TRY51,205,214,000 TRY61,133,350,000 TRY78,317,471,000 TRY101,691,553,000 TRY545,072,938,000

-% 8.8 % 18.39 % 14.2 % 307.7 %

Fixed Assets
TRY46,993,810,000 TRY51,114,225,000 TRY60,510,139,000 TRY69,114,826,000 TRY281,748,996,000

-% 8.8 % 18.39 % 14.2 % 307.7 %

Total Fixed Assets
TRY46,993,810,000 TRY51,114,225,000 TRY60,510,139,000 TRY69,114,826,000 TRY281,748,996,000

Miscellaneous -% 7.7 % 21.1 % 22.6 % 227.6 %

Current Liabilities TRY6,809,773,000 TRY7,334,308,000 TRY8,880,276,000 TRY10,888,611,000 TRY35,671,940,000

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 KOC HOLDING A.S. Credit Report Generated on 27 Jan 2021

Financials / Balance Sheet

Date Of Accounts 31-12-2016 31-12-2017 31-12-2018 31-12-2019 30-09-2020

Total Long Term -% 4.7 % 48.1 % 13.1 % 209.1 %

Liabilities TRY24,328,061,000 TRY25,478,697,000 TRY37,739,016,000 TRY42,665,432,000 TRY131,889,642,000

Financials / Profit & Loss

Date Of Accounts 31-12-2016 31-12-2017 31-12-2018 31-12-2019 30-09-2020

Weeks 52 52 52 52 39

Currency TRY TRY TRY TRY TRY

Consolidated A/cs Yes Yes Yes Yes Yes

-% 33.1 % 37.9 % -3.8 % 43.6 %

Gross Profit
TRY12,228,938,000 TRY16,277,375,000 TRY22,438,790,000 TRY21,584,759,000 TRY30,994,610,000

-% 11.3 % 26.5 % -23.7 % 25.6 %

Operating Profit
TRY6,948,742,000 TRY7,735,226,000 TRY9,787,644,000 TRY7,470,727,000 TRY9,382,219,000

-% 56.4 % 2.29 % -30.8 % 91.3 %

Pre Tax Profit
TRY3,626,253,000 TRY5,670,367,000 TRY5,802,706,000 TRY4,017,098,000 TRY7,684,614,000

-% 358.1 % -65.09 % -240.8 % 353.4 %

Taxation
TRY166,260,000 TRY761,627,000 TRY265,678,000 -TRY374,061,000 TRY948,041,000

-% 41.9 % 12.8 % -20.7 % 53.4 %

Profit After Tax
TRY3,459,993,000 TRY4,908,740,000 TRY5,537,028,000 TRY4,391,159,000 TRY6,736,573,000

-% 49.7 % 6.7 % -29.7 % 43.2 %

Retained Profit
TRY5,276,386,000 TRY7,897,427,000 TRY8,425,093,000 TRY5,921,284,000 TRY8,480,709,000

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 KOC HOLDING A.S. Credit Report Generated on 27 Jan 2021

Financials / Capital & Reserves

Date Of Accounts 31-12-2016 31-12-2017 31-12-2018 31-12-2019 30-09-2020

Called Up Share -% -% -% -% -%
Capital TRY2,535,898,000 TRY2,535,898,000 TRY2,535,898,000 TRY2,535,898,000 TRY2,535,898,000

P&L Account -% 19.0 % 12.7 % 10.19 % 22.0 %

Reserve TRY22,366,408,000 TRY26,623,848,000 TRY29,996,936,000 TRY33,067,438,000 TRY40,355,192,000

-% 15.1 % 4.8 % -2.6 % 189.6 %

Sundry Reserves
TRY11,963,592,000 TRY13,771,272,000 TRY14,425,576,000 TRY14,048,699,000 TRY40,688,977,000

-% 16.5 % 9.4 % 5.7 % 68.3 %

Shareholder Funds
TRY36,865,898,000 TRY42,931,018,000 TRY46,958,410,000 TRY49,652,035,000 TRY83,580,067,000

Financials / KPIS & RATIOS

Date Of Accounts 31-12-2016 31-12-2017 31-12-2018 31-12-2019 30-09-2020

-% -4.5 % -4.9 % -10.19 % 75.3 %

Gross Margin
0.17 0.16 0.15 0.14 0.24

Operating Profit -% -20.1 % -12.7 % -28.8 % 53.4 %

Margin 0.1 0.07 0.06 0.04 0.07

Consolidated A/cs Yes Yes Yes Yes Yes

Pre Tax Profit -% 12.2 % -29.4 % -35.4 % 133.6 %

Margin 0.05 0.05 0.04 0.02 0.06

-% 1.8 % -22.1 % -26.0 % 87.3 %

Net Margin
0.05 0.04 0.03 0.02 0.05

-% -5.8 % 5.09 % -36.79 % -69.8 %

Return On Assets
0.08 0.07 0.07 0.04 0.01

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 KOC HOLDING A.S. Credit Report Generated on 27 Jan 2021

Financials / KPIS & RATIOS

Date Of Accounts 31-12-2016 31-12-2017 31-12-2018 31-12-2019 30-09-2020

-% 39.79 % -17.39 % -36.5 % -17.89 %

Return On Capital
Employed 5.93 8.28 6.85 4.34 3.57

-% 21.8 % 3.1 % -25.0 % -8.9 %

Return On Equity
0.09 0.11 0.11 0.08 0.08

-% -2.8 % 7.5 % -12.7 % -39.7 %

Current Ratio
1.53 1.48 1.59 1.39 0.83

Cash To Current -% -7.5 % 3.6 % 5.8 % -59.7 %

Liabilities Ratio 0.63 0.58 0.6 0.64 0.25

Cash To Total -% 3.8 % -2.1 % 27.4 % -32.1 %

Assets 0.19 0.2 0.19 0.24 0.16

-% -4.09 % 5.09 % -11.3 % -27.3 %

Liquidity Ratio
1.23 1.18 1.24 1.1 0.8

-% 2.5 % 17.1 % 22.8 % 218.4 %

Gearing Liability
1.39 1.42 1.66 2.04 6.52

-% 1.0 % 6.4 % 7.5 % 29.0 %

Debt To Capital
0.58 0.58 0.62 0.67 0.86

Cash To Turnover -% -12.0 % -18.6 % 43.6 % 244.3 %

Ratio 0.24 0.21 0.17 0.24 0.84

Financials / Growth & Industry Comparison

Date Of Accounts 2016 vs 2015 2017 vs 2016 2018 vs 2017 2019 vs 2018 2020 vs 2019

Working Capital - 1.22 1.40 0.96 -2.86

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 KOC HOLDING A.S. Credit Report Generated on 27 Jan 2021

Financials / Growth & Industry Comparison

Date Of Accounts 2016 vs 2015 2017 vs 2016 2018 vs 2017 2019 vs 2018 2020 vs 2019

Total Assets - 1.18 1.20 1.21 4.15

Total Liabilities - 1.19 1.28 1.30 5.36

Current Ratio - 0.97 1.07 0.87 0.60

Debt to Capital (%) - 1.00 1.07 1.08 1.28

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 KOC HOLDING A.S. Credit Report Generated on 27 Jan 2021

Group Structure. Affiliated

COMPANY NAME

DEFY APPLIANCES (PTY) LTD.

WAT MOTOR SANAYI VE TICARET A.S.

TOFAS TURK OTOMOBIL FABRIKASI A.S.

DAWLANCE LTD.

BILKOM BILISIM HIZMETLERI A.S.

TAT GIDA SANAYI A.S.

KADIKOY TANKERCILIK A.S.

PAN ASIA PRIVATE EQUITY LTD.

BELDESAN OTOMOTIV YAN SANAYI VE TICARET A.S.

TEK-ART KALAMIS VE FENERBAHCE MARMARA TURIZM

TESISLERI A.S.

THY OPET HAVACILIK YAKITLARI A.S.

ELTEK ELEKTRIK ENERJISI ITHALAT IHRACAT VE TOPTAN

TICARET A.S.

RMK YATCILIK VE YAT TURIZMI TICARET A.S.

RMK MS GAYRIMENKUL YATIRIMI VE DANISMANLIK LTD. STI.

RMK CLASSIC GIYIM TEKSTIL TICARET A.S.

RMK MARINE GEMI YAPIM SANAYII VE DENIZ TASIMACILIGI

ISLETMESI A.S.

CENGELHAN OTELCILIK TURIZM ORGANIZASYON INSAAT VE

RESTORASYON A.S.
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 KOC HOLDING A.S. Credit Report Generated on 27 Jan 2021

CENGELKOY TANKERCILIK A.S.

ENERJI YATIRIMLARI A.S.

ARDUTCH B.V.

USKUDAR TANKERCILIK A.S.

GOZTEPE TANKERCILIK A.S.

AYGAZ A.S.

AYGAZ DOGAL GAZ ILETIM A.S.

AYGAZ DOGAL GAZ TOPTAN SATIS A.S.

AYGAZ AYKARGO DAGITIM HIZMETLERI A.S.

TURK TRAKTOR VE ZIRAAT MAKINELERI A.S.

TURKIYE PETROL RAFINERILERI A.S. (TUPRAS)

DIVAN TURIZM ISLETMELERI A.S.

AVAS GAYRIMENKUL YATIRIM VE DANISMANLIK LTD. STI.

AVAS GAYRIMENKUL YATIRIM VE DANISMANLIK TICARET

A.S.

TEMEL TICARET VE YATIRIM A.S.

TEMEL TICARET VE GAYRIMENKUL YATIRIM LTD. STI.

MARMARIS ALTINYUNUS TURISTIK TESISLER A.S.

KARTAL TANKERCILIK A.S.

NAKKAS GAYRIMENKUL YATIRIM VE DANISMANLIK TICARET

A.S.

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 KOC HOLDING A.S. Credit Report Generated on 27 Jan 2021

NAKKAS GAYRIMENKUL YATIRIM VE DANISMANLIK LTD. STI.

ENDERUN GAYRIMENKUL YATIRIMI VE DANISMANLIK

TICARET A.S.

KARSIYAKA TANKERCILIK A.S.

TUZLA TANKERCILIK A.S.

SALACAK TANKERCILIK A.S.

YAPISAL ENERJI URETIMI A.S.

YAPI VE KREDI BANKASI A.S.

YAPI KREDI TEKNOLOJI A.S.

YAPI KREDI AZERBAYCAN C.J.S.C.

YAPI KREDI FINANSAL KIRALAMA ANONIM ORTAKLIGI

YAPI KREDI FAKTORING A.S.

YAPI KREDI KULTUR SANAT YAYINCILIK TICARET VE SANAYI

A.S.

YAPI KREDI BANK NEDERLAND N.V.

YAPI KREDI YATIRIM MENKUL DEGERLER A.S.

YAPI KREDI HOLDING B.V.

YAPI KREDI PORTFOY YONETIMI A.S.

YAPI KREDI-KORAY GAYRIMENKUL YATIRIM ORTAKLIGI A.S.

FORD OTOMOTIV SANAYI A.S.

FORD OTOSAN NETHERLANDS BV

DUZEY TUKETIM MALLARI SANAYI PAZARLAMA VE TICARET

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 KOC HOLDING A.S. Credit Report Generated on 27 Jan 2021

A.S.

ZER MERKEZI HIZMETLER VE TICARET A.S.

UNITED REFRIGERATION INDUSTRIES LTD.

MENZELET KILAVUZLU ELEKTRIK URETIMI A.S.

TOKEN FINANSAL TEKNOLOJILER A.S.

DITAS DENIZ ISLETMECILIGI VE TANKERCILIGI A.S.

KANDILLI TANKERCILIK A.S.

KOC FIAT KREDI FINANSMAN A.S.

KOC BILGI VE SAVUNMA TEKNOLOJILERI A.S.

KOC KULTUR SANAT VE TANITIM HIZMETLERI A.S.

KOC HOLDING EMEKLI VE YARDIM SANDIGI VAKFI

KOC SISTEM AZERBAIJAN MMC

KOC SISTEM BILGI VE ILETISIM HIZMETLERI A.S.

KOC UNIVERSITESI

KOC YAPI MALZEMELERI TICARET A.S.

KOC FINANSMAN A.S.

KOC FINANSAL HIZMETLER A.S.

CHANGZHOU BEKO ELECTRIAL APPLIANCES CO.LTD.

ANADOLUHISARI TANKERCILIK A.S.

MALTEPE TANKERCILIK A.S.

ENTEK ELEKTRIK URETIMI A.S.

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 KOC HOLDING A.S. Credit Report Generated on 27 Jan 2021

ENTEGART TEKNOLOJI COZUM VE HIZMETLER A.S.

T DAMLA DENIZCILIK A.S.

BAL KAYNAK SU ITHALAT IHRACAT SANAYI VE TICARET A.S.

KUZGUNCUK TANKERCILIK A.S.

OPET FUCHS MADENI YAG SANAYI VE TICARET A.S.

OPET PETROLCULUK A.S.

OPET INTERNATIONAL LONDON LTD

OPET AYGAZ GAYRIMENKUL A.S.

OPET TRADE B.V.

ARCELIK-LG KLIMA SANAYI VE TICARET A.S.

ARCELIK A.S.

ARCELIK PAZARLAMA A.S.

RAM DIS TICARET A.S.

RAM SIGORTA ARACILIK HIZMETLERI A.S.

GRUNDIG MULTIMEDIA B.V.

GRUNDIG MULTIMEDIA A.G.

GRUNDIG NORDIC NO AS

GRUNDIG NORDIC AB

SARIYER TANKERCILIK A.S.

MOMENT EGITIM ARASTIRMA SAGLIK HIZMETLERI VE

TICARET A.S.

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 KOC HOLDING A.S. Credit Report Generated on 27 Jan 2021

KUZEY TANKERCILIK A.S.

SIMIT AND SMITH ISTANBUL GIDA URETIM VE TICARET A.S.

SETUR SERVIS TURISTIK A.S.

SETUR ANTALYA MARINA ISLETMECILIGI A.S.

SETUR YALOVA MARINA ISLETMECILIGI A.S.

SETUR GUMRUKSUZ MAGAZA ISLETMECILIGI A.S.

VEHBI KOC VAKFI

ARK INSAAT SANAYI VE TICARET A.S.

GEMBOX TEKNOLOJI GIRISIMLERI A.S.

ESEYEL DANISMANLIK VE DIS TICARET A.S.

KARAKOY TANKERCILIK A.S.

KULELI TANKERCILIK A.S.

DEMIR EXPORT A.S.

EAST MARINE DENIZCILIK VE TURIZM A.S.

RAHMI M.KOC VE MAHDUMLARI MADEN INSAAT TURIZM

ULASTIRMA YATIRIM VE TICARET A.S.

OTOKAR LAND SYSTEMS LLC

OTOKOC HUNGARY KFT

OTOKOC SIGORTA ARACILIK HIZMETLERI A.S.

OTOKAR EUROPE SAS

OTOKAR EUROPE FILIALA BUCURESTI SRL

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 KOC HOLDING A.S. Credit Report Generated on 27 Jan 2021

OTOKAR OTOMOTIV VE SAVUNMA SANAYI A.S.

OTOKOC OTOMOTIV TICARET VE SANAYI A.S.

PENDIK TANKERCILIK A.S.

BEKO APPLIANCE INDONESIA PT

BEKO APPLIANCE MALAYSIA SDN BHD.

BEKO HONG KONG LTD.

BEKO THIA CO. LTD.

BEKO SHANGHAI TRADING CO.

BEKO BALKANS D.O.O

BEKO FRANCE S.A.S.

BEKO SLOVAKIA S.R.O.

BEKO DEUTSCHLAND GMBH

BEKO LLC

BEKO ITALY S.R.L.

BEKO EGYPT TRADING LLC

BEKO UKRAINE LLC

BEKO PLC

BEKO US INC.

BEKO A AND NZ PTY LTD.

BEKO S.A.CZECH REPUBLIC

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 KOC HOLDING A.S. Credit Report Generated on 27 Jan 2021

BEKO S.A.

BEKO ELECTRICAL APPLIANCES CO. LTD.

BEKO ELEKTRONICS ESPANA S.L.

AKPA DAYANIKLI TUKETIM LPG VE AKARYAKIT URUNLERI

PAZARLAMA A.S.

AYVALIK MARINA VE YAT ISLETMECILIGI SANAYI TICARET

A.S.

VIETBEKO LIMITED LIABILITY COMPANY

SETAIR HAVA TASIMACILIGI VE HIZMETLERI A.S.

BEYKOZ TANKERCILIK A.S.

TANI PAZARLAMA VE ILETISIM HIZMETLERI A.S.

HAR DANISMANLIK VE DIS TICARET A.S.

KOCTAS YAPI MARKETLERI TICARET A.S.

KOCDIGITAL COZUMLER A.S.

KORFEZ ULASTIRMA A.S.

BAKIRKOY TANKERCILIK A.S.

ELEKTRA BREGENZ AG

Shareholders
Shareholder
Name Percentage
Type

Temel Ticaret Ve Yatirim A.S. Other 43.65%

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 KOC HOLDING A.S. Credit Report Generated on 27 Jan 2021

Shareholders
Shareholder
Name Percentage
Type

Members Of Koc Family Other 19.24%

Vehbi Koc Vakfi Other 7.26%

Koc Holding Emekli Ve Yardim Sandigi Vakfi Other 1.99%

Rahmi M. Koc Ve Mahdumlari Maden Insaat Turizm Ulastirma Yatirim Ve

Other 1.4%
Ticaret A.S.

Others And Open To Public Other 26.46%

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 KOC HOLDING A.S. Credit Report Generated on 27 Jan 2021

Document Filings
Date Description

2008-07-22T21:00:00Z The subject took over and merged with "KAV Danismanlik Pazarlama ve Ticaret A.S.".

2013-04-15T21:00:00Z The authorized capital was increased from TL 3.000.000.000 to TL 5.000.000.000.

Contact Information

Global Data Intelligence Limited

Reg Number Tel Vat

09410808 +442036406006 GB260423730

www.globaldatabase.com
Address
Artisans' House, 7 Queensbridge, Northampton, Northamptonshire,
United Kingdom, NN4 7BF

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