MIRA
INFORM REPORT
|
Report Date : |
21.08.2007 |
IDENTIFICATION DETAILS
|
Name : |
A. & E. DEMETRIADES (TYRES) LIMITED |
|
|
|
|
Registered Office : |
Zakaki Area, 284, Franglinou Roosevelt Street, 3046 Limassol,
P. O. Box
51297 - 3503 Limassol |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
01.01.1974 |
|
|
|
|
Com. Reg. No.: |
C41000 |
|
|
|
|
Legal Form : |
Private Limited
Liability Company |
|
|
|
|
Line of Business : |
Importers, Wholesalers, Manufacturers & Retailers of Tires and
Tubes |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
NAME & ADDRESS
Correct Registered Name: A. & E. DEMETRIADES (TYRES) LIMITED
Address: Zakaki
Area, 284,
3046 Limassol
P.O.Box: 51297 - 3503
Limassol
Telephone: +357-25-393233
+357-99638864
Fax: +357-25-390310
LEGAL STATUS
Legal Form: Private Limited
Liability Company
Date of
foundation: 01.01.1974
Registration
number and city: C41000 Nicosia
Registration date: 14.08.1990
PRINCIPALS
|
SHAREHOLDERS: |
|
Full Name |
Function |
Nationality |
EQUITY |
Address |
|
Mr. Andreas Demetriades |
Shareholder |
|
50.00% |
272, |
|
Ms. Ellada Demetriade |
Shareholder |
|
50.00% |
272, |
|
MANAGEMENT: |
|
Full Name |
Age |
Function |
Qualification |
Experience |
Address |
|
Mr. Andreas Demetriades |
68 |
Managing Director / Secretary |
N/A |
N/A |
272, Franglinou Roosevelt Street |
|
Ms. Ellada Demetriade |
62 |
Director |
N/A |
N/A |
272, Franglinou Roosevelt Street |
ACTIVITIES
Importers &
Wholesalers & Manufacturers & Retailers
OPERATIONS
SIC
main activity
5014 Tires and Tubes (except tires sold via retail method)
5531 Auto and Home Supply Stores (auto supply stores)
7534 Tire Retreading and Repair Shops (rebuilding)
Analysis: Importers (Raw Materials & Finished Goods).
Manufacturers:
Wholesalers (60%), Retailers (40%): New & used tyres
IMPORTS
Payment terms:
L/C Base (Letter of Credit)
Credit Facilities 90 - 120 days
EXPORTS
Not applicable
AGENCIES
Name Country Product
None
TRADE SUPPLIERS
Name Country Product
Einshemr
Midas
NUMBER OF EMPLOYEES
4
DESCRIPTION OF
PREMISES
HEADQUARTERS: The company is operating from owned premises
which are located at the address given overleaf. Premises are spacious, well
equipped, comprised of the factory, warehouses and the offices.
BRANCHES
None.
RELATED COMPANIES
None
BANKERS
BANK OF
Omonia Ave.
Limassol CO-Operative Savings Bank Limited
97,Gladstonos,3601 Limassol, Tel: 357 25856000 Fax:357 25346718
SHARE CAPITAL
Registered capital: CYP
30,000.00 since 14.08.1990
Number of Ordinary: 30,000
Value per share of Ordinary: CYP 1.00
Issued capital: CYP 1,000.00 since 14.08.1990
Number of Ordinary: 1000
Value per share of Ordinary:
CYP 1.00
Paid-up capital: CYP 1,000.00 since 14.08.1990
CHARGES
see details
14.09.1993 Floating CYP 10,000.00 in f/o:Bank of Cyprus Public Limited
|
FINANCE
|
||||||||||||
PAYMENT
No complaints
GOOD FOR AMOUNT &
TERMS OF INQUIRY
Unable to comment
We cannot comment on such high amount given in your inquiry.
COMMERCIAL MORALITY
Good
FINANCIAL STRENGTH
Moderate
GENERAL COMMENTS
The present limited liability company was incorporated on 14/08/90 and
took over the activities of a private concern, founded in 1974.
The company maintains a factory and deals with tyre retreating activities.
According to the person interviewed raw materials and used tyres are all
imported from the Europe, the Middle and Far East. They are also importers and
traders of new tyres. All products are sold locally on both wholesale and
retail base.
Contact Person: Mr Andreas Demetriades
Position: Managing Director/Shareholder
Contact Tel.No.: 25393233
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)