MIRA
INFORM REPORT
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Report Date : |
21st June 2006 |
IDENTIFICATION DETAILS
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Name : |
BIOMECA LIMITED |
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Registered
Office : |
51, Digeni
Akrita, 2671-Nicosia Nicosia |
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Country : |
Cyprus |
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Date of
Incorporation : |
1977 |
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Legal Form : |
Private Limited Liability Company |
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Line of
Business : |
Traders of Medical Equipment and Lab supplies. |
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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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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Litigation : |
Clear |
NAME & ADDRESS
Name Inquired
Under: BIOMECA
LIMITED
Correct
Registered Name: BIOMECA LIMITED
Street: 51, Digeni Akrita
Postal Code: 1070-Nicosia
P.O.Box: 2671-Nicosia
Postal Code: 1647-Nicosia
Locality: Nicosia
Town: Nicosia
Tel: 99471208
Fax: 24656572
E-Mail: biomeca@cytanet.com.cy
Telex: N/A
LEGAL STATUS
Private Limited Liability Company
Date Founded: 1977
LEGAL STATUS (Cont):
Trade
Registration No. & Town: 10352-Nicosia
Date Registered:
12/12/1977
PRINCIPALS
Shareholders/Partners/Proprietor
Name Equity Nationality
Mr.
Alexis Costeas 50 Cypriot
Mr.
Theodoros Costeas 50 Cypriot
Directors/Managers
Name Position
Mr. Alexis
Costeas Managing
Director
Mr. Theodoros
Costeas Director
Mr. Aristides
Costeas Director
RELATED COMPANIES
Parent/Subsidiary/Sister/Associate:
None
OPERATIONS
Mode of
Operation:
Importers (100%)
Tenderers (Governmental and Semi-Governmental
Organization)
Activities:
Traders of Medical Equipment and Lab supplies.
Wholesalers: 100%
No of Employees
(Categorise): 4 persons
AGENCIES
Name Country Product
“EETEX” U.S.A Medical
Equipment
“Tico Mallinkrobt Holland Medical Equipment
Import From:
U.S.A, Holland, China, and India.
Import Terms: T.T.
and 60 days credit.
Export To: Not
applicable
Export Terms: Not
applicable
DESCRIPTION OF PREMISES
Headquarters:
The company operates from rented offices which are
located at the address given overleaf.
Branches:
The company maintains a branch office in Larnaca
City.
BANKERS
Cyprus Popular Bank Limited
37A, Corner Dighenis Akritas & Kallipoleos
Avenue, Ayios Antonios
1055 Nicosia
Tel: 80002000, Fax: 22755813
FINANCES
Currency:
Cyprus Pounds
Registered Capital: CYP 1.000
Paid Up Capital: CYP 100
Sales Turnover: Not
disclosed
Economic Results: Unknown
Charges:
17/05/06 Float.Charge CYP 20.000 in f/o Cyprus Popular Bank Limited
Subject declined
further detailed Financial Information.
PAYMENT
Good for Amount
& Terms of Inquiry: Given the fact that no further detailed
financial information is available, we feel unable to express a safe and
reliable opinion on their creditability and payment records or to comment on
such a big amount given in your
enquiry.
GENERAL COMMENTS
The limited liability company was incorporated on
12/12/1977. It is dealing with the import and trade of Medical Equipment and
Lab supplies.
Products are imported from U.S.A, Holland, China,
and India, for the local market.
The company undertakes projects for Governmental
and Semi-Governmental Organizations.
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 |