{"id":2265,"date":"2026-05-02T10:54:53","date_gmt":"2026-05-02T07:54:53","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=2265"},"modified":"2026-05-02T10:55:37","modified_gmt":"2026-05-02T07:55:37","slug":"merko-2026-03-faaliyet-raporu-analizi-merko-gda-sanayi","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/2265","title":{"rendered":"\ud83d\udd35 MERKO 2026-03 Faaliyet Raporu Analizi | Merko G\u0131da Sanayi"},"content":{"rendered":"

MERKO GIDA SANAY\u0130 VE T\u0130CARET A.\u015e. 31.03.2026 FAAL\u0130YET RAPORU \u00c7ALI\u015eMA REHBER\u0130<\/h1>\n

Bu \u00e7al\u0131\u015fma rehberi, Merko G\u0131da Sanayi ve Ticaret A.\u015e.’nin 01.07.2025 \u2013 31.03.2026 d\u00f6nemini kapsayan faaliyet raporundaki verileri analiz etmek, \u015firketin kurumsal yap\u0131s\u0131n\u0131, finansal performans\u0131n\u0131 ve operasyonel stratejilerini anlamak amac\u0131yla haz\u0131rlanm\u0131\u015ft\u0131r.<\/p>\n

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B\u00f6l\u00fcm 1: K\u0131sa Cevapl\u0131 Bilgi Yar\u0131\u015fmas\u0131 (Quiz)<\/h2>\n

A\u015fa\u011f\u0131daki sorular\u0131 kaynak metinde sa\u011flanan bilgilere dayanarak 2-3 c\u00fcmle ile yan\u0131tlay\u0131n\u0131z.<\/p>\n

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  1. Merko G\u0131da\u2019n\u0131n raporlama d\u00f6nemi nedir ve \u015firketin \u00fcretim merkezi nerede bulunmaktad\u0131r?<\/b><\/li>\n
  2. Y\u00f6netim Kurulu Ba\u015fkan\u0131 Alistair Baran Blake\u2019in g\u0131da sekt\u00f6r\u00fcndeki e\u011fitim ve deneyim ge\u00e7mi\u015fini k\u0131saca \u00f6zetleyiniz.<\/b><\/li>\n
  3. \u015eirketin ba\u011f\u0131ms\u0131z y\u00f6netim kurulu \u00fcyeleri kimlerdir ve bu \u00fcyelerin ba\u011f\u0131ms\u0131zl\u0131k beyan\u0131ndaki temel taahh\u00fctleri nelerdir?<\/b><\/li>\n
  4. Y\u00f6netim Kurulu b\u00fcnyesinde hangi komiteler olu\u015fturulmu\u015ftur ve “Kurumsal Y\u00f6netim Komitesi” hangi ek g\u00f6revleri \u00fcstlenmektedir?<\/b><\/li>\n
  5. \u015eirketin “S\u00f6zle\u015fmeli Tar\u0131m” modeli operasyonel s\u00fcreci nas\u0131l i\u015flemektedir?<\/b><\/li>\n
  6. 31.03.2026 tarihi itibariyle \u015firketin ortakl\u0131k yap\u0131s\u0131 nas\u0131ld\u0131r?<\/b><\/li>\n
  7. Merko G\u0131da’n\u0131n \u00fcretim portf\u00f6y\u00fcne son y\u0131llarda ekledi\u011fi yeni \u00fcr\u00fcnler nelerdir?<\/b><\/li>\n
  8. \u015eirketin sahip oldu\u011fu kalite ve g\u0131da g\u00fcvenli\u011fi sertifikalar\u0131 nelerdir ve bu sertifikalar neyi garanti eder?<\/b><\/li>\n
  9. Raporda belirtilen finansal risk y\u00f6netimi politikalar\u0131 kapsam\u0131nda “Likidite Riski” nas\u0131l tan\u0131mlanm\u0131\u015f ve y\u00f6netilmektedir?<\/b><\/li>\n
  10. K\u00fcresel domates sal\u00e7as\u0131 pazar\u0131ndaki talep art\u0131\u015f\u0131n\u0131 etkileyen temel fakt\u00f6rler nelerdir?<\/b><\/li>\n<\/ol>\n

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    B\u00f6l\u00fcm 2: Cevap Anahtar\u0131<\/h2>\n
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    1. Cevap:<\/b> Raporun d\u00f6nemi 01.07.2025 \u2013 31.03.2026 tarihleri aras\u0131n\u0131 kapsamaktad\u0131r. \u015eirketin genel merkezi \u0130stanbul’da olup, m\u00fclk\u00fc kendisine ait olan tek fabrikas\u0131 Bursa’n\u0131n Mustafakemalpa\u015fa b\u00f6lgesinde faaliyet g\u00f6stermektedir.<\/li>\n
    2. Cevap:<\/b> Alistair Baran Blake, \u0130ngiltere\u2019deki Reading \u00dcniversitesi\u2019nden G\u0131da M\u00fchendisi olarak mezun olmu\u015ftur. Kariyerine donmu\u015f bezelye \u00fcretiminde ba\u015flam\u0131\u015f, ard\u0131ndan Avustralya’da domates \u00fcretimi \u00fczerine tecr\u00fcbe kazanm\u0131\u015f ve 2005 y\u0131l\u0131ndan bu yana Merko G\u0131da b\u00fcnyesinde \u00e7e\u015fitli y\u00f6neticilik g\u00f6revlerinde bulunmu\u015ftur.<\/li>\n
    3. Cevap:<\/b> Ba\u011f\u0131ms\u0131z \u00fcyeler Merve U\u00e7ar ve H\u00fcseyin G\u00fcnhan Kay\u0131r’d\u0131r. Bu \u00fcyeler, \u015firketle veya ili\u015fkili taraflarla son be\u015f y\u0131l i\u00e7inde istihdam veya ticari ili\u015fkilerinin bulunmad\u0131\u011f\u0131n\u0131, tarafs\u0131zl\u0131klar\u0131n\u0131 koruyacak g\u00fc\u00e7l\u00fc etik standartlara sahip olduklar\u0131n\u0131 ve mevzuata uygun hareket edeceklerini beyan etmi\u015flerdir.<\/li>\n
    4. Cevap:<\/b> Denetimden Sorumlu Komite, Kurumsal Y\u00f6netim Komitesi ve Riskin Erken Saptanmas\u0131 Komitesi kurulmu\u015ftur. Yap\u0131lanma gere\u011fi ayr\u0131 bir “Aday G\u00f6sterme” ve “\u00dccret” komitesi olu\u015fturulamad\u0131\u011f\u0131 i\u00e7in bu komitelerin g\u00f6revlerini de Kurumsal Y\u00f6netim Komitesi yerine getirmektedir.<\/li>\n
    5. Cevap:<\/b> Haz\u0131rl\u0131klar Ocak-\u015eubat aylar\u0131nda \u00e7ift\u00e7ilerle yap\u0131lan s\u00f6zle\u015fmelerle ba\u015flar; \u015firket fide se\u00e7iminden dikime kadar ziraat ekibiyle teknik destek sa\u011flar. Hasat zaman\u0131, fabrikan\u0131n g\u00fcnl\u00fck i\u015fleme kapasitesine g\u00f6re planlanarak ham maddenin en taze \u015fekilde prosese girmesi ve \u00fcr\u00fcn kalitesinin korunmas\u0131 hedeflenir.<\/li>\n
    6. Cevap:<\/b> \u015eirketin toplam sermayesi 115.123.372,35 TL’dir. Bu sermayenin %17,35’i AG Giri\u015fim Holding A.\u015e.’ye, %5,02’si Merko Holding A.\u015e.’ye aittir; kalan %77,63’l\u00fck k\u0131s\u0131m ise halka a\u00e7\u0131k durumdad\u0131r.<\/li>\n
    7. Cevap:<\/b> Geleneksel \u00fcr\u00fcnleri olan aseptik sal\u00e7a ve k\u00fcp domatesin yan\u0131na 2023-2024’te teneke kutu konserve k\u00fcp ve soyulmu\u015f b\u00fct\u00fcn domatesi eklemi\u015ftir. 2025 y\u0131l\u0131nda ise pizza sosu, kavanozda rende domates (pasata) ve her t\u00fcrl\u00fc makarna sosu \u00fcretim portf\u00f6y\u00fcne dahil edilmi\u015ftir.<\/li>\n
    8. Cevap:<\/b> \u015eirket BRC, ISO 9001, HACCP, Helal ve Kosher sertifikalar\u0131na sahiptir. Bu belgeler, \u00fcretimin hijyen, g\u0131da g\u00fcvenli\u011fi ve \u0130slami\/Musevi kurallara uygunlu\u011funu, tohumdan son t\u00fcketiciye kadar s\u00fcrd\u00fcr\u00fclebilir bir kalite kontrol\u00fc alt\u0131nda yap\u0131ld\u0131\u011f\u0131n\u0131 garanti eder.<\/li>\n
    9. Cevap:<\/b> Likidite riski, faaliyetlerin fonlanmas\u0131 s\u0131ras\u0131nda varl\u0131klar\u0131n uygun vade\/oranlarda fonlanamamas\u0131 veya likit duruma getirilememesi riskidir. \u015eirket bu riski, m\u00fc\u015fterilerle yap\u0131lan sat\u0131\u015f s\u00f6zle\u015fmelerinin \u00f6deme planlar\u0131n\u0131 kendi fon ihtiyac\u0131na ve \u00f6z sermaye yap\u0131s\u0131na g\u00f6re \u015fekillendirerek y\u00f6netmektedir.<\/li>\n
    10. Cevap:<\/b> K\u00fcresel n\u00fcfus art\u0131\u015f\u0131, haz\u0131r yemek ve fast-food k\u00fclt\u00fcr\u00fcn\u00fcn yayg\u0131nla\u015fmas\u0131, sa\u011fl\u0131kl\u0131\/do\u011fal \u00fcr\u00fcnlere (Likopen i\u00e7eri\u011fi nedeniyle) olan ilginin artmas\u0131 ve geli\u015fmekte olan pazarlardaki kentle\u015fme temel fakt\u00f6rlerdir. Ayr\u0131ca Akdeniz mutfa\u011f\u0131n\u0131n k\u00fcresel pop\u00fclaritesi de talebi y\u0131ll\u0131k %2-3 oran\u0131nda art\u0131rmaktad\u0131r.<\/li>\n<\/ol>\n

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      B\u00f6l\u00fcm 3: Kompozisyon (Essay) Sorular\u0131<\/h2>\n

      A\u015fa\u011f\u0131daki sorular, raporun derinlemesine analizini gerektiren geni\u015f kapsaml\u0131 tart\u0131\u015fma konular\u0131d\u0131r.<\/p>\n

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      1. S\u00fcrd\u00fcr\u00fclebilir Tar\u0131m ve Kurumsal Sorumluluk:<\/b> Merko G\u0131da’n\u0131n “Unilever S\u00fcrd\u00fcr\u00fclebilir Tar\u0131m Takip Sistemi” ve “Muddy Boots” gibi programlar\u0131 kullanmas\u0131n\u0131n \u00fcretim kalitesi ve \u00e7ift\u00e7i ili\u015fkileri \u00fczerindeki etkilerini analiz ediniz.<\/li>\n
      2. Finansal Yap\u0131 ve Sermaye Hareketleri:<\/b> \u015eirketin 18.09.2025 tarihinde onaylanan tahsisli sermaye art\u0131\u015f\u0131n\u0131n gerek\u00e7elerini, sat\u0131\u015f fiyat\u0131 belirleme s\u00fcrecini ve bu i\u015flemin \u015firketin mali yap\u0131s\u0131 \u00fczerindeki olas\u0131 etkilerini tart\u0131\u015f\u0131n\u0131z.<\/li>\n
      3. K\u00fcresel Pazarda Rekabet ve Riskler:<\/b> T\u00fcrkiye’nin d\u00fcnya sanayi domatesi \u00fcretimindeki konumunu g\u00f6z \u00f6n\u00fcne alarak; d\u00f6viz kurlar\u0131, iklim de\u011fi\u015fikli\u011fi ve g\u00fcmr\u00fck d\u00fczenlemelerinin Merko G\u0131da’n\u0131n ihracat stratejileri \u00fczerindeki etkilerini de\u011ferlendiriniz.<\/li>\n
      4. \u00dcretim \u00c7e\u015fitlendirmesi ve Katma De\u011fer:<\/b> \u015eirketin sadece sal\u00e7a \u00fcreticisi olmaktan \u00e7\u0131k\u0131p sos ve \u00f6zel konserve \u00fcr\u00fcnlerine y\u00f6nelmesini, karl\u0131l\u0131k marjlar\u0131 ve pazar geni\u015flemesi a\u00e7\u0131s\u0131ndan yorumlay\u0131n\u0131z.<\/li>\n
      5. Kurumsal Y\u00f6netim ve Komite Faaliyetleri:<\/b> Riskin Erken Saptanmas\u0131 Komitesi ve Denetimden Sorumlu Komite’nin g\u00f6rev tan\u0131mlar\u0131n\u0131 kar\u015f\u0131la\u015ft\u0131rarak, bu yap\u0131lar\u0131n \u015firketin varl\u0131\u011f\u0131n\u0131n devaml\u0131l\u0131\u011f\u0131 i\u00e7in neden kritik oldu\u011funu a\u00e7\u0131klay\u0131n\u0131z.<\/li>\n<\/ol>\n

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        B\u00f6l\u00fcm 4: Kapsaml\u0131 S\u00f6zl\u00fck<\/h2>\n
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        • AG Giri\u015fim Holding A.\u015e.:<\/b> Merko G\u0131da’n\u0131n %17,35 pay oran\u0131yla en b\u00fcy\u00fck orta\u011f\u0131 olan hakim \u015firket.<\/li>\n
        • Aseptik Dolum:<\/b> \u00dcr\u00fcn\u00fcn ve ambalaj\u0131n ayr\u0131 ayr\u0131 sterilize edilerek steril bir ortamda birle\u015ftirilmesi y\u00f6ntemi; \u00fcr\u00fcn\u00fcn so\u011fuk zincire ihtiya\u00e7 duymadan uzun s\u00fcre korunmas\u0131n\u0131 sa\u011flar.<\/li>\n
        • BRC (British Retail Consortium):<\/b> Uluslararas\u0131 ge\u00e7erlili\u011fi olan, g\u0131da g\u00fcvenli\u011fi ve kalite standartlar\u0131n\u0131 belirleyen sertifikasyon sistemi.<\/li>\n
        • Cari Oran:<\/b> D\u00f6nen varl\u0131klar\u0131n k\u0131sa vadeli bor\u00e7lara oran\u0131 (31.03.2026 itibariyle Merko i\u00e7in 1,82’dir); \u015firketin k\u0131sa vadeli bor\u00e7 \u00f6deme g\u00fcc\u00fcn\u00fc g\u00f6sterir.<\/li>\n
        • HACCP:<\/b> G\u0131da \u00fcretiminde fiziksel, kimyasal ve biyolojik risklerin \u00f6nceden tespit edilip kontrol alt\u0131na al\u0131nmas\u0131n\u0131 sa\u011flayan tehlike analizi sistemi.<\/li>\n
        • Huzur Hakk\u0131:<\/b> Y\u00f6netim Kurulu \u00fcyelerine, \u00fcstlendikleri sorumluluk ve harcad\u0131klar\u0131 emek kar\u015f\u0131l\u0131\u011f\u0131nda Genel Kurul taraf\u0131ndan belirlenen ayl\u0131k veya toplant\u0131 ba\u015f\u0131 \u00fccret.<\/li>\n
        • \u0130lzam:<\/b> \u015eirketi hukuki ve mali y\u00fck\u00fcml\u00fcl\u00fck alt\u0131na sokma, bor\u00e7land\u0131rma yetkisi.<\/li>\n
        • Kay\u0131tl\u0131 Sermaye Tavan\u0131:<\/b> Bir anonim \u015firketin, esas s\u00f6zle\u015fmesinde belirtilen ve y\u00f6netim kurulu karar\u0131yla \u00e7\u0131karabilece\u011fi en y\u00fcksek sermaye miktar\u0131 (Merko i\u00e7in 1.000.000.000 TL).<\/li>\n
        • Likopen:<\/b> Domateste bulunan, antioksidan \u00f6zellikleri olan ve sa\u011fl\u0131k bilincine sahip pazarlarda domates \u00fcr\u00fcnlerine olan talebi art\u0131ran do\u011fal bile\u015fen.<\/li>\n
        • R\u00fc\u00e7han Hakk\u0131:<\/b> Mevcut ortaklar\u0131n, sermaye art\u0131r\u0131m\u0131 s\u0131ras\u0131nda yeni \u00e7\u0131kar\u0131lan paylar\u0131 \u00f6ncelikli olarak sat\u0131n alma hakk\u0131.<\/li>\n
        • Salkonder:<\/b> T\u00fcrkiye Sal\u00e7ac\u0131lar ve Konserveciler Derne\u011fi.<\/li>\n
        • SMMM:<\/b> Serbest Muhasebeci Mali M\u00fc\u015favir; raporda H\u00fcsn\u00fc Hakan G\u00fcner’in bu unvana sahip oldu\u011fu belirtilmi\u015ftir.<\/li>\n
        • S\u00f6zle\u015fmeli Tar\u0131m:<\/b> \u00dcreticinin belirli bir \u00fcr\u00fcn\u00fc, belirli bir alanda, belirli bir fiyat ve \u015fartla al\u0131c\u0131ya satmay\u0131 \u00f6nceden taahh\u00fct etti\u011fi \u00fcretim modeli.<\/li>\n
        • Tahsisli Sermaye Art\u0131\u015f\u0131:<\/b> Sermaye art\u0131r\u0131m\u0131 yoluyla \u00e7\u0131kar\u0131lan paylar\u0131n, mevcut ortaklar\u0131n r\u00fc\u00e7han haklar\u0131 k\u0131s\u0131tlanarak do\u011frudan belirlenmi\u015f ki\u015filere veya kurumlara sat\u0131lmas\u0131.<\/li>\n
        • TMS-29:<\/b> Y\u00fcksek enflasyonlu ekonomilerde finansal raporlamaya ili\u015fkin T\u00fcrkiye Muhasebe Standard\u0131 (Enflasyon d\u00fczeltmesi).<\/li>\n<\/ul>\n