MIRA
INFORM REPORT
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Report Date : |
13th
June, 2006. |
IDENTIFICATION
DETAILS
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Name : |
LONGMEN
TRADING COMPANY LIMITED |
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Registered Office : |
3A, Apollonias–Limassol, P.O.Box :52079-Limassol,
Germasogia |
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Country : |
Cyprus |
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Date of Incorporation : |
27/04/2001 |
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Com. Reg. No.: |
120231-Limassol |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
Importer,
Wholesalers and Trader of Frozen Foodstuff |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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Maximum Credit Limit : |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
NAME & ADDRESS
Name Inquired
Under: LONGMEN TRADING CO. LTD
Correct
Registered Name: LONGMEN TRADING LIMITED
Street : 3A,
Apollonias Postal Code :
4044 –Limassol
P.O.Box :52079-Limassol
Postal Code :
4060 -Limassol
Locality : Germasogia Town :
Limassol
Tel :
99681484 Fax :
25312359
E-Mail :logment@avacom.net
Telex :
N/A
LEGAL STATUS
Private
Limited Liability Company
Date Founded: 1996
LEGAL STATUS (Cont.)
Trade
Registration No. & Town: 120231-Limassol
Date Registered: 27/04/01
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PRINCIPALS
Shareholders/Partners/Proprietor
Name Equity Nationality
Mr. Nicos Violaris 1.000 Cypriot
Directors/Managers
Name Position
Mr.Nicos Violaris Managing Director/Secretary
RELATED COMPANIES
Parent/Subsidiary/Sister/Associate:
None
OPERATIONS
Mode of
Operation:
Importers
(100%)
Distributors
(4 Vehicles)
Exporters
(10%)
Activities
Import
and trade of frozen foodstuff.
Wholesalers
(100%): of frozen Foodstuff.
No of Employees (Categorise)
6 persons
AGENCIES
Name Country Product
None
TRADE SUPPLIERS
Name Country Product
‘’WigFoods’’ England ---------
‘’Hargreevery’’ Italy ---------
‘’MayWay’’ China SOS
‘’Dalian’’ China Crackers
‘’Kai Ma’’ Thailand Rice
‘’San Li’’ Thailand Rice
Import From:
China, Thailand, Singapore, England, and Italy
Import Terms: CAD,
Credit 90 days.
Export To: Greece.
Export Terms: CAD
DESCRIPTION OF PREMISES
Headquarters:
The
company operates from owned premises, which are located at the address given
overleaf. Premises comprised of offices and cover an area of 500sqm.
Branches
None
BANKERS
CO-Operative
Society Ltd (Pelendriou Branch)
C’35,
Arch. Makariou, 4878 Limassol
Tel.:
25552418 Fax: 25552677
CO-Operative
Society Ltd (Main Branch)
8, Grigori
Auxentiou, 1389 Nicosia
Tel.:22672921 Fax: 22361727
FINANCES
Currency: Cyprus Pounds
Registered Capital: CYP 1.000 Paid Up
Capital: CYP1.000
Sales Turnover: Not
disclosed
Economic Results: Unknown
Average Stock: Not disclosed
PAYMENT
Comments:
Given
the fact that no detailed information on the company was released at this
stage, including financial information ones, we feel unable to express a safe
and reliable opinion on their creditability and payment records or even to
comment on such a big amount given in your inquiry.
GENERAL COMMENTS
The
present limited liability company was incorporated on 27/04/01 in order to take
over all the activities of the private business, founded by Mr Violaris Nicos
in 1996.
They are
involved in the import and trade of frozen food stuff. They are importing
products mostly from Europe and Far East.
Mr
Violaris stated that he has in mind expansion plans for the company, but he
didn’t want to reveal any further information about them.
Regarding
the competition, Mr. Violaris comment that is quite strong, but his company is
in a position to cope with it.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |