MIRA
INFORM REPORT
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Report Date : |
09.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
KLITOS CHACHOLIADES AND SONS LIMITED |
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Registered Office : |
3, Electras Street Nicosia 1060 Nicosia |
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Country : |
Cyprus |
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Date of Incorporation : |
01.01.1918 |
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Com. Reg. No.: |
C1551 NICOSIA |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Importing, Packaging and Trading on a Wholesale (100%) basis of
Foodstuff and Beverages and Other Consumable Goods. |
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 : |
No Complaints |
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Litigation : |
Clear |
Name & Address
Correct Registered Name: KLITOS CHACHOLIADES AND SONS LIMITED
International Name: ΚΛΕΙΤΟΣ
ΧΑΧΟΛΙΑΔΗΣ &
ΥΙΟΙ ΛΙΜΙΤΕΔ
Address: 3, Electras Street
Nicosia
1060 Nicosia CYPRUS
P.O.Box: 21596
- 1511 Nicosia
Telephone: +357-22751516
+357-22765517
+357-22755197
Fax: +357-22755569
Email: chachols@cytanet.com.cy
Payment
Commercial Morality: Good
Financial Strength: Good
Credit Rating: Average
Risk
Legal Status
Legal Form: Private
Limited Liability Company
Private Limited Liability Company: It is
incorporated by one or more individuals or companies (maximum: 50). It is
managed by a board of directors consisted of minimum two individuals or
juridical persons. Capital is required. The shareholders are liable for the
company’s debts to the extent of their respective interests in the capital. Its
shares are not to be sold through public subscription. Private Limited
Liability companies are obliged to file their accounts with the Registrar of
Companies (Company Registry).
Date of foundation: 01.01.1918
Registration number and city: C1551 NICOSIA
Registration date: 26.05.1966
Company Status
Registration status: 1966 - registered
company
Activity status: 1918 - active company
Principals
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Activities
Activities:
Importers & Wholesalers &
Distributors
Operations:
SIC
5149 Groceries and Related Products, NEC (bottling mineral or spring
water)
The company in question is involved in the importing, packaging and trading on
a wholesale (100%) basis of foodstuff and beverages and other consumable goods.
The company sells mainly to supermarkets, hotels and restaurants.
Business Activities
Drinks
Food & Beverage
Consumable Goods
Industry Classifications - NAICS
» Wine and Distilled Alcoholic Beverage Merchant Wholesalers
» Miscellaneous Nondurable Goods Merchant Wholesalers
» Miscellaneous Durable Goods Merchant Wholesalers
Detailed Description of Industry Classifications
Wine and Distilled Alcoholic Beverage Merchant Wholesalers
NAICS # 42482 | This industry comprises establishments primarily engaged in the
merchant wholesale distribution of wine, distilled alcoholic beverages, and/or
neutral spirits and ethyl alcohol used in blended wines and distilled liquors.
Miscellaneous Nondurable Goods Merchant Wholesalers
NAICS # 4249 | This industry group comprises establishments primarily engaged
in the merchant wholesale distribution of nondurable goods, such as farm
supplies; books, periodicals and newspapers; flowers; nursery stock; paints;
varnishes; tobacco and tobacco products; and other miscellaneous nondurable
goods, such as cut Christmas trees and pet supplies.
Miscellaneous Durable Goods Merchant Wholesalers
NAICS # 4239 | This industry group comprises establishments primarily engaged
in the merchant wholesale distribution of sporting, recreational, toy, hobby,
and jewelry goods and supplies, and precious stones and metals.
Motor Vehicles
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Imports
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Exports
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The subject does not engage in any export activities. |
Agencies
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Workforce
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Description Of Premises
Address: 3,
Electras Street
Nicosia
1060 Nicosia CYPRUS
Type of premises: Premises
1400 Sq. Metres
Type of ownership: owned
Headquarters: The subject operates
from owned premises located at the address given overleaf. Premises comprise of
offices and warehouse.
Branches: The
subject maintains a rented packaging factory in Kokkinotrimithia area, Nicosia.
Related Companies
Affiliated Company
K & D CHACHOLIADES LIMITED , CYPRUS
*PLEASE NOTE ADDITIONAL INFORMATION ON RELATED COMPANIES:
"K. & E. Chacholiades Limited" - Affiliated Company registered in
Cyprus on 19.01.1987 under the registration number C28676. It is involved in
the import and trade of foodstuff, beverages and consumable goods.
Bankers
BANK OF CYPRUS PUBLIC COMPANY LIMITED
2002 Strovolos, 51, Stasinou Street, Agia Paraskevi Area
National Bank of Greece
1065 Nicosia, 36, Arch. Makariou III Avenue
Account numbers are not disclosed.
Press
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Share Capital
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Charges
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Finance
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GENERAL COMMENTS
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The business was established by the father
of the present owners in 1918 and it was taken over by the present limited
liability company in 1966. |
Contact Person
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FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.12 |
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UK Pound |
1 |
Rs.72.59 |
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Euro |
1 |
Rs.63.52 |
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%)