CREDIt RAtING OF ANADOLU EFES

minimization of the identified risks and monitoring of
such practices constitute the basic starting point of
the risk management system.
Existing or potential risks for our Company are defined
below:
Financial risk; assets and liabilities risk, credibility,
equity/ debt ratio, exchange rate risk and other
factors that can affect the Company’s financial status.
Operational risk; the use of the technology at an
optimal level and to identify the required investments
that can affect our competitive advantage.
Environmental risk; risk factors such as fire,
earthquake, etc. that can affect the Company’s
performance negatively.
SAP system is an important technological tool that
provides measurement and processing to assist the
decision support function to minimize the existing
risks. SAP supplies operational results in real time
that eliminates the human error and improves the
efficiency of the internal control system. On the other
hand, our high technology internal communication
system enables us to quickly act and generate
immediate solutions to problems as they occur.
Operational effectiveness is ensured through ISO
9000 (Quality Management System Standards),
ISO 14001 (Environmental Management System
Standards), OHSAS 18001 (Employee Health and
Occupational Safety Standards), Technical Security
and HACCP (Danger Analysis and Critical Control
Points) systems all of which are embedded within our
existing management system.
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Within the finance function, the actual results are
compared to the budgeted figures on a regular basis
and any deviations are analyzed.
The “Guarantee - Risk Management System” devoted
to tracking customer risks has been put into service.
Accordingly, purchasing limits applicable to our
customers have been established and our systems
are designed to prevent any product shipments in
excess of prescribed limits.
The authorities and responsibilities are defined in writing
in the internal control mechanism of the Company.
Within this framework, the rules governing the fulfillment
of tasks by directorates in their respective business
areas and the holders of such responsibilities are
explicitly defined. The internal control mechanism is
equipped with the following features:
• Purposes and principles of activities are explicitly
defined.
• The current/potential risks of the Company are
defined and constantly being monitored.
• Regular reporting is made to executives.
Issues to be approved as per chart of authorities are
provided to executives electronically accompanied with
detailed remarks and viewed, scrutinized and approved
by several executives within pre-determined limits.
Investments within the annual budgets and business
plans allow us to use the state-of-the-art technology
in our facilities and the most up to date technology
prevailing in the global brewing industry is utilized.
All our facilities are insured in order to minimize the
environmental risks, and investments for back up