MIRA
INFORM REPORT
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Report Date : |
16.10.2007 |
IDENTIFICATION DETAILS
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Name : |
AMALIA
COFFEE GRINDING LIMITED |
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Registered Office : |
Aradippou, Aradippou Industrial Area, 2113 Larnaca, |
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Country : |
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Date of Incorporation : |
01.01.1940 |
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Com. Reg. No.: |
C5162 |
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Legal Form : |
Private Limited
Liability Company |
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Line of Business : |
The company is involved in the import, manufacture, wholesale
and retail trade of coffee, delights, dry fruits and Pies, sugar Condensed
Syrups, Brittle, Water - Ice Ice creams, Dry and Raw Nuts, raw materials of
Pastry Materials. |
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 : |
Regular |
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Litigation : |
Clear |
NAME & ADDRESS
Correct Registered
Name: AMALIA COFFEE GRINDING
LIMITED
Other Trading
name: AMALIA
Address: Aradippou, Aradippou Industrial Area
2113 Larnaca
P.O.Box: 42113 - 6531 Larnaca
Telephone: +357-24-654587
Fax: +357-24-532210
Email: amaliak@cytanet.com.cy
Web: www.amalia.com.cy
LEGAL STATUS
Legal Form: Private Limited
Liability Company
Date of
foundation: 01.01.1940
Registration
number and city: C5162 Nicosia
Registration date:
19.02.1973
Present Style Adopted
on: 15.06.1987
Former
registration name: VIOMICHANIA
A. VAVATSINIOTI LIMITED, valid since: 19.02.1973, until:
15.06.1987
Former company
names: VIOMICHANIA A.
VAVATSINIOTI LIMITED
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PRINCIPALS |
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SHAREHOLDERS |
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Full Name |
Function |
Nationality |
EQUITY |
Address |
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Mr. Demetris Hadjicleanthous |
Shareholder |
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100.00% |
Baron Court,Apt 1 + 2, 4 Messologiti Street |
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MANAGEMENT |
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Full Name |
Age |
Function |
Qualification |
Experience |
Address |
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Mr. Ouranios Pavlou |
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Financial Controller |
N/A |
N/A |
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Mr. Christos Shionas |
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Sales Manager |
N/A |
N/A |
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Mr. Demetris Hadjicleanthous |
64 |
Director / Secretary |
N/A |
N/A |
Baron Court,Apt 1 + 2, 4 Messologiti
Street |
ACTIVITIES
Importers &
Wholesalers & Distributors & Manufacturers & Retailers &
Exporters
OPERATIONS
SIC
main activity
2068 Salted and Roasted Nuts and Seeds
2095 Roasted Coffee
5499 Miscellaneous Food Stores (poultry and poultry products)
5149 Groceries and Related Products, NEC (bottling mineral or
spring water)
5145 Confectionery
The company is involved in the import (100% - raw materials) , manufacture
(100%),wholesale(93%) and retail trade(7%) of coffee, delights, dry fruits and
Pies, sugar Condensed Syrups, Brittle, Water - Ice Ice creams, Dry and Raw
Nuts, raw materials of Pastry Materials.
MOTOR VEHICLES
2007
Number of delivery vans owned: 9
Number of vans owned: 9
Total number of vehicles 18
IMPORTS
Payment terms:
CAD (Cash Against Documents)
O/A (Open Account)
EXPORTS
Payment terms:
O/A (Open Account) 30 days
AGENCIES
Name Country Product
Vasilios Kapoysouz
Corves S.A
McKinlay
Ms Royal Kasmir
NUMBER OF EMPLOYEES
35
DESCRIPTION OF
PREMISES
HEADQUARTERS: The concern is operating from owned premises that are located at the address given overleaf. Premises comprised of office, warehouse and the factory.
BRANCHES: They also maintain a rented retail
store that is located in Larnaca city.
RELATED COMPANIES
None
BANKERS
Co-Operative Credit Society Kato Varosion
16-18 Archibishop Makariou Avenue, (Elite Building) 6016 Larnaca Tel:357
24659755 Fax:357 24659210
Cooperative Society of Makrasykas
68,Griva Digheni Avenue,6532 Larnaca, Tel:357 24845000 Fax:357 24845200
makrasyka@cytanet.com.cy
MARFIN POPULAR BANK PUBLIC CO. LIMITED
33, Lord Byron Street,,6023 Larnaca,City Centre, Larnaca,Tel:357 24814500 Fax:
357 24814111
SHARE CAPITAL
Registered capital: CYP
65,000.00 since 16.04.1987
Number of Ordinary: 65,000
Value per share of Ordinary: CYP 1.00
Issued capital: CYP 30,000.00 since 15.06.1987
Number of Ordinary: 30000
Value per share of Ordinary:
CYP 1.00
Paid-up capital: CYP 30,000.00 since 15.06.1987
CHARGES
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05.06.2003 |
Floating Charge |
CYP 100,000.00 |
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in f/o:Laiki
Factors Limited |
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04.07.2003 |
Floating Charge |
CYP 50,000.00 |
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in f/o:Alpha
Bank Ltd |
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27.02.2006 |
Floating Charge on all Company's Assets |
CYP 100,000.00 |
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in f/o:Laiki Factors
Limited |
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14.03.2007 |
Mortgage |
CYP 90,000.00 |
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in
f/o:Co-operative Credit Societ Kato Varosion |
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14.03.2007 |
Mortgage |
CYP 50,000.00 |
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in
f/o:Co-operative Credit Societ Kato Varosion |
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20.03.2007 |
Floating Charge |
CYP 500,000.00 |
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in f/o:Marfin
Popular Public Bank Limited |
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20.03.2007 |
Mortgage |
CYP 500,000.00 |
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in f/o:Marfin
Popular Public Bank Limited |
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20.03.2007 |
Mortgage |
CYP 100,000.00 |
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in f/o:Marfin
Popular Public Bank Limited |
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20.03.2007 |
Mortgage |
CYP 580,000.00 |
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in f/o:Marfin
Popular Public Bank Limited |
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FINANCE
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PAYMENT
No complaints
COMMERCIAL MORALITY
Good
FINANCIAL STRENGTH
Good
GENERAL COMMENTS
Amalia Grinding
Ltd was founded in 1948 in Larnaca.
They are involved in the trade of nuts, dry fruits, coffee, etc. Products are
processed and packaged through the concern’s factory.
Goods are sold mainly in the local market, both on a wholesale and retail base.
Retail trade is carried through their rented retail outlet in Larnaca city.
Contact Person: Mr Ouranio Pavlou
Position: Financial Controller
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. |
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%)