Presentation for The Deauville Partnership

murmerlastUrban and Civil

Nov 16, 2013 (3 years and 6 months ago)

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Presentation
for

The

Deauville

Partnership

with

Arab

Countries

in
Transition


SME FINANCE DEPARTMENT

Directorate of SME Financial
Researches

Soley ALPAY

SME
Expert

10.04.2013 /ANKARA

1

SME FINANCE
DEPARTMENT

Directorate of SME Financial
Researches

10.04.2013

SME FINANCE DEPARTMENT

ORGANIZATION STRUCTURE

SME

FINANCE
DEPARTMENT

DIRECTORATE OF SME
FINACIAL RESARCHES

DIRECTORATE OF SME
CREDIT

MANAGEMENT AND
MONITORING

3



The Functions of SME Financial Researches

Directorate


S
earching

financial sources


C
reating

financ
ial

models



D
eveloping

financial instruments


M
onitoring

the
PARTICIPATIONS

of





KOSGEB




4

The Participations of
KOSGEB

5

KOSGEB PARTICIPATIONS

.

iVCi

This Fund has
been created to
accelerate
development
and
enlargement
of
the capacity of
companies that
invest in
venture capital
.


ESIM A.S.

The company has been
founded

to give consulting
and certification services for
the electrical and electronics
sector

of the Turkish
Industry
.

KOBI A.S.

The

company

has

been

founded

to

help

the

SMEs

which

have

growth

potential,

as

sharing

their

risk

by

f
o
rming

a

partnership

through

capital

contribution

KGF A.S.

The Fund has been
created to provide
security for bank loans
given to the SMEs.


MUALLIMKOY
TECHNOLOGY
DEVELOPMENT ZONE
MANAGEMENT A.S.

The company has been founded

(2011)

to supply the SME s
technologic

infrastructure so that
they can they can accommodate
themself

to new technologies.

(
Non
-
operating



still

ongoing

infrastructure

works
)

6

KOSGEB PARTICIPATIONS



Technology
Development Zones Law
No. 4691 came
into force on July 6, 2001 to
regulate




the
support of Research and Development activities
as

sources
of innovations in

production

and




for

investments

involving
high
technology



Eight
of the 18 Technology Development Zones
established in Turkey are currently
operational
.

7

Credit Guarantee Fund



The Fund has been realised by
«
Technical Collaboration Agreement
»

between Federal Government of Germany
and Government of Turkish Republic

in
1993
.


KOSGEB
participated in the company in
1995.

8

Credit

Guarantee

Fund





t
o facilitate easier access to finance for SME’s




t
o register SME’s into the formal
e
conomy,




t
o increase the competitive strength of SME’s,




t
o encourage SME‘s to borrow from banks rather than



informal means of finance.

Purpose


9

Credit Guarantee Fund



KGF
aims

to secure credits used by SMEs in order to
solve the security problems of these establishments.



T
his helps the SMEs to use more credits
at
cheaper
cost
s

and long term range
s.



One of the fundamental aims of KGF is
to encourage
the
young an
d

female entrepreneurs

by offering them
security for loans
they

use
.


10

Credit Guarantee Fund



Capital



The

capital

of

KGF

has

increased

from

60
.
000
.
000

TL

to

240
.
000
.
000

TL

(
135
.
000
.
000
$
)

on

9
th

of

September

2009
.


In

addition

to

the

already

existing

partners

(KOSGEB,

TOBB,

TESK,

HALKBANK,

MEKSA

and

TOSYÖV)

19

banks

have

been

made

partners
.


11



SHAREHOLDERS AND CAPITAL STRUCTURE


SHAREHOLDERS

CAPITAL AMOUNT
(TRY)

SHARE
PERCENTAGE

T
O
BB
(Turkey Union of Chambers and Commodity Exchanges)

79.645.000

33,18542

KOSGEB

(Small and Medium Industry Development
and Support Administration)

79.622.000

33,17583

TESK

( Turkey Confederation of Tradesmen and Artisans)


689.000

0,28708

TOSYOV

(Turkish Medium
-
Sized Enterprises, Self
Employed Professionals and Executives
Foundation)

22.000

0,00917

MEKSA

(Vocational Education and Small Industry Support Foundation)

22.000

0,00917

T. HALKBANKASI A.Ş

4.000000

1,66667

AKBANK T.A.Ş

4.000000

1,66667

ALBARAKA TURK KATILIM BANKASI A.Ş

4.000000

1,66667

ASYA KATILIM BANKASI A.Ş.

4.000000

1,66667

DENIZBANK A.Ş.

4.000000

1,66667

EURO BANK TEKFEN A.Ş

4.000000

1,66667

FINANSBANK A.Ş

4.000000

1,66667

FORTIS BANK A.Ş

4.000000

1,66667

HSBC BANK A.Ş

4.000000

1,66667

ING BANK A.Ş

4.000000

1,66667

KUVEYT TURK KATILIM BANKASI A.Ş

4.000000

1,66667

SEKERBANK T.A.Ş

4.000000

1,66667

TURK EKONOMI BANKASI A.Ş

4.000000

1,66667

T.C.ZIRAAT BANKASI A.Ş

4.000000

1,66667

TURKIYE FINANS KATILIM BANKASI A.Ş

4.000000

1,66667

T.GARANTI BANKASI A.Ş

4.000000

1,66667

T.IHRACAT KREDI BANKASI A.Ş

4.000000

1,66667

T.IS BANKASI A.Ş

4.000000

1,66667

T.VAKIFLAR BANKASI T.A.O

4.000000

1,66667

YAPI VE KREDI BANKASI A.Ş

4.000000

1,66667

TOTAL

240.000.000

100,00

12


Sources

of
Guarantee

System



Since

2010
,

the

Treasury

supported

guarantees

are

also

provided
.



Presently,

the

company

serves

to

SMES

through

two

different

guarantee

system
.


Credit Guarantee Fund

13

Credit Guarantee Fund

1
-

Treasury

Support


Undersecretary

of Treasury provide
s

one

billion
TL

(
500
million

USD
)
source to help develop financial
resources and credit system to work efficiently.

-
It is expected that 20.000 SME will benefit

from the support provided
.


2
-

Securities from
equity

capital


14

CREDIT GUARANTEE FUND

CRITERION

SECURITIES SUPPLIED
FROM EQUITY CAPITAL

SECURITIES SUPPLIED FROM
TREASURY

Criteria for beneficiary


Number of employees is the
sole criteria to be counted as
an SME

1.

number of employ
e
es and
turnover or active assets

are
taken into account to be an SME

2.

Maritime sector

Amount of security per SME

1.000.000.
-
TL

1.000.000.
-
TL

As for group companies

1.500.000.
-
TL

1.500.000.
-
TL

Maximum security rate

80%

65%

Duration

of security

Compatible with durationj of
loan

Min: 6 month

Max: 4 year

Bank
s

benefit from security

Every bank that has signed a
Protocol

Banks who participate in KGF

Application

Through the bank

Through the bank

Principals of security

Final decision by KGF

KGF
undertakes

the

guarantee

up

to

its

limits

The

limits

of
the

guarantee

15





The securities given by KGF use the
following priorities
:


* realization of innovative investments,

* small enterprises investing in high



technologies

* supporting of export

*

creating new jobs and investments aiming



regional development





Credit Guarantee Fund

Evaluation criteria for the guarantee
requests



-
a

project which is to
be
subject to KGF
guarantee should be «
profitable
», «
realizable
»
and «
feasible
»

-
should have
an
experienced managerial staff
who has to be capable to
manage

the project

-
should
help

to

increase employment

-
the risk of the project should be «
reasonable
»

-
should be
environment
aly

conscious








Credit Guarantee Fund


How to apply?



declaration to the bank
of the wish that the
company is seeking guarantee


documents

are then
sent to KGF


if approved, the demand should be ended
b
y
KGF within 2 weeks.

18

Credit Guarantee Fund


Limits of guarantees



For an
ordinary

SME


1.000.000

TL

(560.000$)



For a company in a corporate group, that is
guaranteed by the group itself
-

1.
5
00.000 TL

(840.000 $)


KGF supplies % 80 of the sum if the application
is
less

than

the

above

limits.


19



Credit Guarantee Fund




Cost of guarantee



A fee is charged to
asses

the comp
any
.


If approved, the fund charges an annual
commission rate of % 1
-

% 2 over the remaining
debt within the guaranteed amount.

20

Credit Guarantee Fund

KGF

became

part

of

the

programs

of

credit

interest

support

which

are

signed

between

KOSGEB

and

the

banks
.



KOSGEB’s

role

as

a

guarantor

in

approved

guaranties

has

resulted

in

banks

lowering

their

commission

rates

and

other

costs

.

For more information, please visit
www.kgf.com.tr

22



ESIM


Testing and Analysis
Services Inc. Co.


Purpose


The company has been founded to give consulting
and certification services for the electrical and
electronics sector of
the

Turkish Industry
.


KOSGEB has
joined

in
partnership

in 1999.





23


Partners of the Company and Capital Structure

Shareholders

Share rate (%)

Share of Capital (TL)

Technology
Development
Foundation of
Turkey


50.03

2.401.606

KOSGEB

46.88


2.250.300

ESIM Foundation


1.75

83.992

Turkish

Electric
Industry Association


0.66

KEMA International
B.V.

0.64

30.600

Electromechanical
Industrialist
Association


0.041

2.000

TOTAL

100.00

4.800.00


24




ESIM


Testing and Analysis Services Inc. Co.


ESIM
offers

assistance

on the following issues
:



EMC, electromagnetic
compability

testing


LVD, electrical safety testing


IP, sprinkler tests


EMF, electro magnetic field test


Vibration tests


Low voltage and
compability

testing


Machinery directive


Medical devices directive


Telecommunication terminal devices directive


Certificate of conformity for pressure vessels
directive


Certificate of «CE» mark supplier industry for
vessels




For more information please visit
www.esim.com.tr

26


[i
VC
i]


Istanbul Venture Capital Investment Trust Inc. Co

Purpose

-

This

Fund

has

been

created

in

2007

to

accelerate

development

and

enlargement

of

the

capacity

of

companies

that

invest

in

venture

capital
.

-

Vision

of

Istanbul

is

to

make

the

city

crossroads

for

the

venture

capital

industry

in

South

East

Europe

and

Central

Asia

by

the

year

2020
.








[i
VC
i]

Istanbul Venture Capital Investment Trust Inc. Co


Function




It aims to function as fund of funds by investing
in
the
funds as
venture

capital
.


It aims to supply venture capital or private equity to the
investments which are capable for strong competition.


The investment
s

will be realized t
hrough

local
and

foreign funds which invest in Turkey


It will attract foreign investors t
o
Turkey

28



[i
VC
i]


Istanbul Venture Capital Investment Trust Inc. Co

The Structure of Partnership

Investors

Amount of Commitment

(

)

Share
rate

(%)

KOSGEB

50.000.000

31.25

EIF

50.000.000

31.25

TTGV

40.000.000

25.00

TKB

10.000.000

6.25

GARANTI
BANK

5.000.000

3.13

NBG

5.000.000

3.13

Total

160.000.000

100

29


For more information please visit
www.ivci.com.tr

30



SME
Venture Capital Investment Trust Inc. Co.


Purpose


The

company

has

been

founded

to

help

the

SMEs

which

have

growth

potential,

sharing

their

risk

by

f
o
rming

a

partnership

through

capital

contribution
.


31






SME
Venture Capital Investment Trust Inc. Co.


KOSGEB has joined in 1999 to the company in the amount of 12.3 percentage for the
purpose of raising venture capital which is a crucial element for the finance of
technological innovation.



The capital of the company is 38.000
.000

TL.

(21
mio

$)


The company gives financial and administrative support to those entrepreneurs that
have vision and competitive products or service projects in realizing their contribution on
Turkish economy.


Presently, 9 enterprises have gained private equity. The top sectors requesting for the
support are respectively food, mechanic and services.



In this respect KOBI A.S. gives financial support, finds new markets to develop new
strategies and thus has a leading role for its partners to enlarge and expand.







32

SME
Venture Capital Investment Trust Inc. Co.


Additions
to Articles of Incorporation


In the General Meeting held on 17
th

January 2011
following additions were made:



to build up and rule a «Business Angels
Network»


to operate portfolio management within Capital
Markets Board legislation


to serve as Market Advisor within Istanbul Stock
Exchange Emerging Companies Market



33


SME
Venture Capital Investment Trust Inc. Co

The

Structure

of
Partnership

For more information
,
please visit
www.kobias.com.tr

Shareholders

Share

Rate (%)

Share

of
Capital

TOBB

48.12

18.286.025

HALKBANK

31.47

11.958.600

KOSGEB

12.33

4.685.970

Chambers

of
Industry

and

Trade

(16)

6.14

2.333.145

Halk Leasing

1.65

627.760

TESK

0.29

108.500

TOTAL

100.00

38.000.000

34



EMERGING
COMPANIES
MARKETS

SME Support Program
me



The

aim

of

this

program

is

to

support

the

SMEs

which

ha
ve

potential

of

development

and

growth

to

raise

funds

from

the

Emerging

Companies

Markets

of

the

IMKB

(Istanbul

Stock

Exchange)
.




35



EMERGING
COMPANIES
MARKETS

SME Support Program
me



In

Emerging

Companies

Market

neither

qualitive

nor

quantitive

criteria

such

as

profitability,

operational

age,

capital

amount

etc
.

are

sought

for

trading

in

order

to

help

the

SMEs

to

present

themselves

to

the

investors

as

well

as

to

the

financial

markets

to

raise

funds
.


36

EMERGING COMPANIES MARKETS

SME SUPPORT PROGRAMME

Type of supports

Upper limit of
support (TL)

Percentage of
support (%)

markets advisor fee (max. 2
years)



60.00
0



75

independent audit fee



20.000

75

-
Capital

Markests

Board,
board
registry

fee

-
Istanbul

Stock

Exchange
Market
Emerging

Companies

Market
List

acceptance

fee

-
Central
Registry



Agency

(CRA)
cost



10.000


100

Broker fee


10.000

75


100.000

37

For more information
,
please visit
www.kosgeb.gov.tr








Thank

you


38