MIRA INFORM REPORT

 

 

Report Date :

28th February, 2007

                                                         

IDENTIFICATION DETAILS

 

Name :

GAVDOS ENTERPRISES LIMITED

 

 

Registered Office :

Zakos Court, Apt. 102, Makenzi Area, 6,Onofriou Kleride Street 6027 Larnaca Cyprus.

 

 

Country :

Cyprus

 

 

Date of Incorporation :

27.07.2005

 

 

Com. Reg. No.:

C163666

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Ø       Wholesale of other food including fish, crustaceans and mollusks

Ø       Other retail sale of food, beverages and tobacco in specialized stores

 

 

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

 

 

NAME INQUIRED UNDER          : GAVDOS ENTERPRISES LTD

 

Correct Registered Name            : GAVDOS ENTERPRISES LIMITED

 

Address                                    : Zakos Court, Apt. 102, Makenzi Area, 6,Onofriou Kleride Street
              6027 Larnaca CYPRUS

 

Telephone                                 : +357-24-813303

 

Fax                                           : +357-24-813304

 

 

 

LEGAL STATUS

 

 

Legal Form                                : Private Limited Liability Company

 

Registration number and city       : C163666 Nicosia

 

Registration date                        : 27.07.2005

 

 

 

PRINCIPALS

 

SHAREHOLDERS:

 

Full Name

Function

Nationality

EQUITY

Address

Mrs. Kyriakoulla Karapiperi

Shareholder (Director)

CYPRUS

20.00%
200 Ordinary

Zakos Court, Apt. 102, Makenzi Area, 6,Onofriou Kleride Street
6027 Larnaca CYPRUS

Mr. Ekaterini Theodorou

Shareholder (Director/Secretary)

CYPRUS

50.00%
500 Ordinary

Zakos Court, Apt. 102, Makenzi Area, 6,Onofriou Kleride Street
6027 Larnaca CYPRUS

Mr. Ioannis Theodorou

Shareholder (Director)

CYPRUS

30.00%
300 Ordinary

Zakos Court, Apt. 102, Makenzi Area, 6,Onofriou Kleride Street
6027 Larnaca CYPRUS

 

 

 

ACTIVITIES

 

Importers & Wholesalers & Retailers & Distributors

 

 

OPERATIONS

 

NACE

5138 Wholesale of other food including fish, crustaceans and mollusks

5227 Other retail sale of food, beverages and tobacco in specialized stores

SIC
main activity 

5149 Groceries and Related Products, NEC (bottling mineral or spring water)

5142 Packaged Frozen Foods

5499 Miscellaneous Food Stores (poultry and poultry products)

Importers (100%)
Distributors (5 vehicles)

Wholesalers (90%) and Retailers (10%) of frozen foodstuff (mainly fish products)

 

 

 

MOTOR VEHICLES        

                                                                                      2007

Number of delivery vans                                                    owned: 5

Total number of vehicles                                                   5

 

 

 

 

IMPORTS

 

EUROPE
Payment terms:
All Kinds of Terms

 

 

 

 

EXPORTS

 

Not applicable

 

 

 

 

AGENCIES

 

Name                                           Country                     Product

Not disclosed                                                                 

 

 

 

 

TRADE SUPPLIERS

 

Name                                           Country                     Product

Not disclosed                                                                 

 

 

 

 

NUMBER OF EMPLOYEES

 

3

 

 

 

 

DESCRIPTION OF PREMISES

 

--

 

 

HEADQUARTERS

 

The company operates from premises which are located at he address given overleaf.

 

 

BRANCHES

 

None

 

 

 

 

RELATED COMPANIES

 

None

 

 

 

 

BANKERS

 

CYPRUS POPULAR BANK LIMITED
33, Lord Byron Street,,6023 Larnaca,City Centre, Larnaca,Tel:357 22887766 Fax: 357 24814111

 

 

SHARE CAPITAL

 

Registered capital:

 

CYP 5,000.00

since 27.07.2005

Number of Ordinary:

5,000

 

Value per share of Ordinary:

CYP 1.00

 

 

Issued capital:

 

CYP 1,000.00

since 27.07.2005

Number of

Ordinary:

1000

 

Value per share of

Ordinary:

CYP 1.00

 

 

Paid-up capital:

 

CYP 1,000.00

since 27.07.2005

of which paid in cash:

CYP 1,000.00

 

 

 

 

 

 

 

CHARGES

 

see details

24.01.2006

Floating

CYP 5,000.00

Floating charge on all company's assets

in f/o:Cyprus Popular Bank Limited

 

 

 

FINANCE

 

 

Amounts shown in Cyprus Pounds (CYP) 

2006

 



PROFIT & LOSS EXTRACTS

 

Sales Turnover

350,000.00

 

 

PAYMENT

 

 

COMMENT

Given the fact that no detailed financial information on the company was released at this stage, we feel unable to express a safe and reliable opinion on their creditability and payment records or even a suggest a maximum credit that should be granted to the company in question.

 

 

 

GENERAL COMMENTS

 

The present private limited liability company was established on 27.07.2005. The company is involved in the import of frozen foodstuf (mainly fish products.

According to the person interviewed the competition is strong in this field of operations in Cyprus.The company has expansion plans which is the opening of a retail shop in Paralimni Area.

 

 

 

Contact Person:         Mrs Theodorou Ekaterini

 

Position:                    Shareholder/Director/Secretary

 

 

Report Written By:      Angelos Sakkas

 

Report Written on:      27.02.2007

 

 

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/normal.

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions