MIRA
INFORM REPORT
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Report Date : |
31.05.2007 |
IDENTIFICATION DETAILS
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Name : |
JIGSON TRADING LIMITED |
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Registered Office : |
201 C+D, |
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Country : |
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Date of Incorporation : |
01.01.1997 |
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Com. Reg. No.: |
C88180 |
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Legal Form : |
Private Limited
Liability Company |
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Line of Business : |
Wholesale of clothing and footwear |
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 : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
Correct Registered
Name
JIGSON TRADING LIMITED
Other Trading name
CARA
Address
201 C+D,
3030 Limassol
Telephone: +357-25-747655
Fax: +357-25-747620
Email: caraboutique@hotmail.com.cy
LEGAL STATUS
Legal Form: Private Limited
Liability Company
Date of
foundation: 01.01.1997
Registration
number and city: C88180 Nicosia
Registration date:
12.08.1997
PRINCIPALS
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SHAREHOLDERS: |
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Full Name |
Function |
Nationality |
EQUITY |
Address |
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Mrs. Soulla (Vasiliki) Ioannou |
Shareholder |
Cypriot |
90.00% |
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Mr. Yiannis Ioannou (Kritonis) |
Shareholder |
Cypriot |
10.00% |
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MANAGEMENT: |
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Full Name |
Age |
Function |
Qualification |
Experience |
Address |
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Compaservus Co. Limited |
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Secretary |
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Avenue Court 2nd Floor, 223, Archibishop Makariou III Avenue |
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Ms. Soulla (Vasiliki) Ioannou |
36 |
Managing Director (General Manager) |
N/A |
N/A |
Potamos Germasogias, 11,Ilioupoleos Street |
ACTIVITIES
Importers &
Wholesalers & Retailers
OPERATIONS:
NACE
5142 Wholesale of clothing and footwear
SIC
main activity
5611 Men's and Boys' Clothing and Accessory Stores (clothing stores)
5621 Women's Clothing Stores
5651 Family Clothing Stores
5139 Footwear
Importers (100%)
Wholesalers (15%), Retailers (85%): clothes, shoes, accessories for men and
women.
IMPORTS
Payment terms:
O/A (Open Account) 60 - 90 days
L/C Base (Letter of Credit) 90 days
EXPORTS
Not applicable
AGENCIES
Name Country Product
Dona Kara
Moschinno
and many others
TRADE SUPPLIERS
Name Country Product
None
NUMBER OF EMPLOYEES
4
DESCRIPTION OF
PREMISES
HEADQUARTERS: The company is
operating from rented premises, which are located at the address given overleaf.
Premises comprised of offices, the boutique and storage space.
BRANCHES: The company
maintains a second, rented warehouse in Limassol city and a retail shop in
RELATED COMPANIES
Affiliated Company
CARA SHOES TRADING LIMITED,
CARA SHOES TRADING LIMITED : Affiliated company. The company is involved in the
import and retail trade of shoes.
BANKERS
HELLENIC BANK LIMITED
Corner 52 Gladstonos & Anaxagora Str.PO
SOCIETE GENERALE CYPRUS LIMITED
3, J.F. Kennedy Str., Stefel Court, PO Box 54911, 3729 Limassol Tel: +357 25 583377 Fax: +357 25 583399
AUDITORS /
ACCOUNTANTS
Auditor: Mr Nicos Nicolaides
Date: 31.05.2007
Financials have been audited
Company: C&N Management Services Limited,
SHARE CAPITAL
Registered capital: CYP
5,000.00 since 12.08.1997
Number of Ordinary: 5,000
Value per share of Ordinary: CYP
1.00
Issued capital: CYP 1,000.00 since 12.08.1997
Number of Ordinary: 1000
Value per share of Ordinary: CYP 1.00
Paid-up capital: CYP 1,000.00 since 12.08.1997
of which paid in cash: CYP
1,000.00
CHARGES
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see details 19.03.2007 |
Floating |
CYP 50,000.00 |
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in f/o:Hellenic
Bank Limited |
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FINANCE
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RATIOS
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PAYMENT
No complaints
COMMERCIAL MORALITY
Good
FINANCIAL STRENGTH
Moderate
GENERAL COMMENTS
The present limited liability company was
incorporated on 12/08/1994. The company is involved in the import and trade of
clothes, shoes and accessories for men and women. Products are mainly promoted
and sold on a retail base, however part of the products are supplied on
wholesale base to other local retail shops operating in Limassol, Larnaca and
Paphos cities. The company's boutique is operating and is known under the trade
name "CARA".
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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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%)