MIRA
INFORM REPORT
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Report Date : |
15th
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
COMPARTS
LTD |
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Registered Office : |
7, Lavriou Street, Limassol, 3013 Tsiflikoudia CYPRUS, P.O.Box: 55067 - 3820 Limassol |
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Country : |
Cyprus |
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Date of Incorporation : |
31.12.1992 |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
Sale
of motor vehicles parts and accessories |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
NAME & ADDRESS
Correct Registered Name
COMPARTS LTD
Address
7, Lavriou Street
Limassol
3013 Tsiflikoudia CYPRUS
P.O.Box: 55067 - 3820 Limassol
Telephone: +357-25-570811
Fax: +357-25-562041
Email: comparts@cytanet.com.cy
Web: N/A
LEGAL STATUS
Legal Form : Private Limited Liability Company
Date of foundation : 1992
Registration number and city : C53 093 Nicosia
Registration date : 31.12.1992
PRINCIPALS
SHAREHOLDERS
|
Full
Name |
Function |
Nationality |
EQUITY |
Address |
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Mr.
Fotos Fotiou |
Shareholder |
CYPRUS |
75.00% |
7,
Lavriou Street |
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Ms.
Maria F. Fotiou |
Shareholder |
CYPRUS |
25.00% |
6A,
Vyzantiou street |
MANAGEMENT
|
Full
Name |
Age |
Function |
Qualification |
Experience |
Address |
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Mr.
Fotos Fotiou |
55 |
Director
/ Secretary |
N/A |
N/A |
7,
Lavriou Street |
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Ms.
Maria F. Fotiou |
50 |
Director |
N/A |
N/A |
6A,
Vyzantiou street |
ACTIVITIES
Importers & Distributors
& Retailers & Wholesalers
OPERATIONS
NACE
5030 Sale of motor vehicles parts and accessories
SIC
main activity
3714 Motor Vehicle Parts and Accessories (dump truck lifting mechanisms and
fifth wheels)
5015 Motor Vehicle Parts, Used (except sold via retail method)
Analysis: Importers (100%)
Distributors
Wholesalers (50%), Retailers (50%): Spare parts for heavy machinery.
MOTOR VEHICLES
|
|
2007 |
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Number
of vans |
owned: 4 |
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Total
number of vehicles |
4 |
IMPORTS
UNITED KINGDOM, FRANCE, UNITED STATES,
BRAZIL, EUROPEAN UNION
Payment terms:
CAD (Cash Against Documents) 60 days
Credit Facilities 60 - 120 days
EXPORTS
To: Not Applicable
Terms: Not Applicable
AGENCIES
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Name |
Country |
Product |
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Samrev |
FRANCE |
Spare
Parts |
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Clutch
Master |
UNITED
KINGDOM |
Spare
parts |
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Dom |
UNITED
KINGDOM, FRANCE |
Spare
parts |
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PDC |
UNITED
KINGDOM |
Spare
parts |
TRADE SUPPLIERS
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Name |
Country |
Product |
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None |
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NUMBER OF EMPLOYEES
7
HEADQUARTERS
The Company operates from rented premises,
at the address given overleaf.Premises comprised of offices and warehouses,
covering approximetely 1200 sq. metres.
BRANCHES
None.
RELATED COMPANIES
None.
BANKERS
CYPRUS
POPULAR BANK LIMITED
Corner, Athinon Road & N. Xiouta Street, 3041 Limassol, City Area, Limassol
Tel:+357 25815000, Fax:+357 25815144
SHARE CAPITAL
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Registered
capital: |
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CYP 10,000.00 |
since
31.12.1992 |
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Number
of Ordinary: |
10,000 |
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Value
per share of Ordinary: |
CYP 1.00 |
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Issued
capital: |
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CYP 100.00 |
since
31.12.1992 |
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Number
of |
Ordinary: |
100 |
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Value
per share of |
Ordinary: |
CYP 1.00 |
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Paid-up
capital: |
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CYP 100.00 |
since
31.12.1992 |
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of
which paid in cash: |
CYP 100.00 |
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CHARGES
|
see
details |
Floating |
CYP
30,000.00 |
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in f/o:Cyprus Popular Bank Limited |
PAYMENT
No complaints
GOOD FOR AMOUNT & TERMS OF
INQUIRY: Unable to comment We cannot comment
on such high amount given on your inquiry.
COMMERCIAL MORALITY: Good
FINANCIAL STRENGTH: Good
GENERAL COMMENTS
The present Limited Liability
Company was established on 31.12.1992.This is a small family business which is active
in the field of spare parts for heavy machinery.
They mainly import from Europe, U.S.A., and Latin America and their major
clients include construction Companies, general public and retailers.
Mr Fotiou refuse to provide us with any financial information about the
Company.He mentioned that the financial results are confidential and cannot
released for public use.
Furthermore Mr Fotiou stated that competition in this field is very tough, but
his company is doing well so far.In addition they are planning to renovate
their warehouses within 2007.
Contact Person: Mr Fotos Fotiou
Position: Director / Secretary
Contact Tel.No.: +357 25570811
Report Written By: Zoe Lazarou
Report Written on: 14.02.2007
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 |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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