MIRA
INFORM REPORT
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Report Date : |
29.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
INFOTREND
INNOVATION COMPANY LIMITED |
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Registered Office : |
Ayios Dometios, 13, Dimonactos Street 1017 Nicosia, P.O.Box 24078 -
2364 |
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Country : |
Cyprus |
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Financials (as on) : |
2006 |
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Date of Incorporation : |
13.051997 |
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Com. Reg. No.: |
C86027 Nicosia |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Computers and Computer Peripherals Equipment and Software |
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: INFOTREND INNOVATION
COMPANY LIMITED
Address: Ayios
Dometios, 13, Dimonactos Street
1017
Nicosia CYPRUS
P.O.Box: 24078
- 2364
Telephone: +357-22-435122
Fax: +357-22-435015
Email: lelia@infotrendco.com
Web: www.infotrendco.com
LEGAL
STATUS
Legal Form: Private Limited
Liability Company
Registration
number and city: C86027 Nicosia
Registration date:
13.05.1997
PRINCIPALS
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SHAREHOLDERS: |
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Full Name |
Function |
Nationality |
EQUITY |
Address |
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Ms. Lelia Ataliani Demetriadou |
Shareholder |
CYPRUS |
100.00% |
7, Michalaki Kousoulidi Street |
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MANAGEMENT: |
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Full Name |
Age |
Function |
Qualification |
Experience |
Address |
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Mr. Stelios Atalianis |
49 |
Director / Secretary |
N/A |
N/A |
7, Michalaki Kousoulidi Street |
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Ms. Lelia Ataliani Demetriadou |
40 |
Director |
N/A |
N/A |
7, Michalaki Kousoulidi Street |
OPERATIONS
SIC
045 Computers and Computer Peripherals Equipment and Software (except
computers, equipment, and software sold via retail method)
The company is involved with triangle trade of computer hardware, peripherals,
ups, networking and other accessories. . In addition it provides after sales,
software, network services and wireless solutions. The company covers worldwide
regions with emphasis on the obscured by the rest of the developed world
markets of Middle East, Asia and Africa, where most of our business is targeted
and generated from.
In Cyprus subject is considered to be a large concern in this field. Sells to
the National Bank of Malawi, the Government of Aithiopia, Zambia
Telecommunication Authority, others on a regular basis.
Only 10% of the company's activities are in Cyprus the rest 90% is in
International Markets.
IMPORTS
WORLD
Payment terms:
All Kinds of Terms
EXPORTS
WORLD
Payment terms:
All Kinds of Terms
AGENCIES
Name Country Product
Computron
Kelly Computer Resources
NCR ME
NETWORK SOLUTIONS
NUMBER
OF EMPLOYEES
9
DESCRIPTION OF PREMISES
HEADQUARTERS:
The company
operates from owned office which is located at the address given overleaf. The
total size of premises is 250 square meters.
BRANCHES
The company has agents abroad and are estimated to be around 80 persons.
RELATED
COMPANIES
Affiliated
Company
INFOTREND , ZAMBIA
Affiliated Company
S. ATALIANIS WORLD TRADING CENTER LIMITED , CYPRUS
BANKERS
MARFIN POPULAR BANK
PUBLIC CO. LIMITED
39, Archibishop Makariou iii Avenue,Nicosia 1065, Tel: 357 22887766 Fax:357
22812250 (c/o Ms Maria Demosthenous)
SHARE CAPITAL
Registered capital: CYP 5,000.00 since 13.05.1997
Number of Ordinary: 5,000
Value per share of Ordinary: CYP 1.00
Issued
capital: CYP 5,000.00 since 13.05.1997
Number of Ordinary: 5000
Value per share of Ordinary: CYP 1.00
Paid-up
capital: CYP 5,000.00 since 13.05.1997
CHARGES
24.04.2003 Floating Charge on all Company's Assets CYP 20,000.00 in f/o:Marfin Popular Public Bank Limited
11.01.2006 Floating Charge on all Company's Assets CYP 80,000.00 in f/o:Marfin Popular Public Bank Limited
FINANCE
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RATIOS:
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PAYMENT
No complaints
COMMERCIAL MORALITY
Good
FINANCIAL STRENGTH
Moderate
GENERAL
COMMENTS
The company was founded in 1997 in Nicosia -
Cyprus, by a group of individuals with a vision and a mission, consolidating a
wide spectrum of background and experience in the Information Technology, Finance,
Accounting and Education sectors.
Subject's objectives cover the following aspects: promote company's products,
services and solutions through a network of distributors in areas of Middle
East and Africa. Expand it's operations in the promising Eastern European
markets, provide quality, value added products and services to its customers,
create a long lasting
cooperation and loyalty with its customers and to form strategic alliances
promoting mutual respect and trust.
Contact Person: Ms Lelia Ataliani Demetriadou
Position: Shareholder / Director
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%)