MIRA INFORM REPORT

 

 

Report Date :

16.10.2007

 

IDENTIFICATION DETAILS

 

Name :

A.S.S.M.A.

 

 

Registered Office :

5-7 Theatrou, 10552, Athens, Attiki

 

 

Country :

Greece

 

 

Date of Incorporation :

1951

 

 

Legal Form :

Cooperative                                           

 

 

Line of Business :

Imports and distribution (to its members) of spices, herbs and pet food

 

 

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

 

A.S.S.M.A.

5-7 Theatrou

10552, Athens, Attiki

Tel.: 210 3211116

Fax: 210 3211116

 

 

Sector

 

Trade (Food Products)

 

 

Year Established

 

1951

 

 

Chairman, Managing Director

 

Elias Geo. Bertsatos

 

 

Secretary

 

Anestis Ale. Nikolaidis

 

 

Cashier

 

George Bas. Homatas

 

 

Capital Employed

 

Euro 16.000

 

 

Sales as declared

 

Euro 2.500.000 (Yearly)

 

 

Staff of employees

 

2

 

FINANCIAL STATUS  

 

Satisfactory                                    

 

 

PAYMENT RECORD  

 

Prompt                                         

 

 

TREND

 

Stable

 

 

TAX REGISTR. No

 

096004983

 

 

LEGAL FORM

 

Cooperative                                           

 

 

DATE ESTABLISHED

 

1951                                                   

 

 

HEAD OFFICE

 

Athens, Attiki                                        

 

 

DURATION

 

For an indefinite period of time

 

 

HISTORY

 

Established in Athens, in November 1951, under the name ASTIKOS              

PROMITHEFTIKOS & KATANALOTIKOS SYNETAIRISMOS EMPORON BAHARIKON &              

THREPTIKON PROIONTON A.S.S.M.A. In 1993, subject's title changed, to the above mentioned.

 

 

ACTIVITY

 

Imports and distribution (to its members) of spices, herbs and pet food

 

 

PREMISES (as declared )

                                                       

HEAD OFFICE-WAREHOUSE: 5-7 Theatrou, 105-52 Athens, Attiki, rented, covered area 50 m2.

 

 

STAFF

 

Employees      :  2 persons

 

 

MEMBERS

 

The cooperative consists of 23 members.

 

 

BOARD OF DIRECTORS

 

Elias Geo. Bertsatos                  Chairman, Managing Director                    

Andreas Angelidis                      Vice-Chairman                                  

Anestis Ale. Nikolaidis               Secretary                                      

George Bas. Homatas                Cashier                                        

Stefanos Hatzigeorgiou               Member                                         

 

The above mentioned Board of Directors' structure is in effect since 2005.

 

 

FINANCIAL DATA

 

Paid up capital amounts to Euro 16,000

 

 

SALES                                                                         

 

Net sales ann. (a.d.) : Euro 2,500,000

 

 

 

 

 

 

 

 

 

BUSINESS TRANSACTION INDEX                                                    

 

Subject                                                                       

                                                                              

                 2007       2006      2005       2004       2003                      

                  ----           ----         ----          ----          ----                      

Group 1: 5*(5.00)  5*(5.00)  5*(5.00)  5*(5.00)  5*(5.00)                    

Group 2: 5*(5.00)  5*(5.00)  5*(5.00)  5*(5.00)  5*(5.00)                    

Group 3: 5*(5.00)  5*(5.00)  5*(5.00)  5*(5.00)  5*(5.00)                    

Total     : 5*(5.00)  5*(5.00)  5*(5.00)  5*(5.00)  5*(5.00)                    

                                                                              

Final Result: 5Stars (5.00)                                                   

                                                                              

Index: 5*, 4*, 3*, 2*, 1*, NA (Not applicable)

 

 

BANKS

 

Alpha Bank A.E.                                                              

Agora Branch (tel.:21-03247114)                                            

(Deposits-Imports/Exports)

 

 

 

 

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%)

 

 

 

 

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