MIRA
INFORM REPORT
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Report Date : |
24.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
CH. ALONEFTIS ENTERPRISES LIMITED |
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Registered Office : |
37, Kolokotroni Street 1037 Nicosia |
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Country : |
Cyprus |
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Date of Incorporation : |
06.11.2000 |
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Com. Reg. No.: |
C115864 Nicosia |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Involved in the Trade of Foodstuff (sesame, tachini, chalvas, dry fuit,
peanuts, rice, spices, cocoa , bird's seeds sugar etc. |
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: CH. ALONEFTIS ENTERPRISES
LIMITED
Address: 37,
Kolokotroni Street
1037 Nicosia CYPRUS
P.O. Box: 29521 - 1720
Telephone: +357-22-431947
Fax: +357-22-433241
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 companys 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).
Registration
number and city: C115864 Nicosia
Registration date: 06.11.2000
PAYMENT
No complaints
COMMERCIAL MORALITY:
Please see General
Comments
THE HEALTH Services of the Ministry of Health inform the general public that,
after a new inspection conducted in premises of the food business of the company
Charilaos Aloneftis Enterprises Ltd, which are nearing Kolokotroni 37,
Kaimakli, found that the reasons for which it had imposed the suspension of the
work of premsies from 27/3/2006 until 10/4/2006 no longer exist and therefore
allowed the reopening them from 11/4/2006
FINANCIAL STRENGTH:
Unknown
PRINCIPALS
SHAREHOLDERS:
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Full Name |
Function |
Nationality |
EQUITY |
Address |
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Mr. Charilaos Aloneftis |
Shareholder |
CYPRUS |
20.00% |
6, Kerkopos Street |
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Mr. Michalakis Aloneftis |
Shareholder |
CYPRUS |
20.00% |
6, Kerkopos Street |
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Ms. Androula Choulitou |
Shareholder |
CYPRUS |
20.00% |
8, Ippocratous Street |
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Ms. Ivi Zorpa |
Shareholder |
CYPRUS |
20.00% |
8, Ippocratous Street |
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Ms. Nedi Panayi |
Shareholder |
CYPRUS |
20.00% |
14, Psychari Street |
MANAGEMENT
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Full Name |
Age |
Function |
Qualification |
Experience |
Address |
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Mr. Charilaos Aloneftis |
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Managing Director |
N/A |
N/A |
6, Kerkopos Street |
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Ms. Evridiki Alonefti |
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Secretary |
N/A |
N/A |
6, Kerkopos Street |
OPERATIONS
The company in
question is involved in the trade of foodstuff (sesame, tachini, chalvas, dry
fuit, peanuts, rice, spices, cocoa , bird's seeds sugar etc.
IMPORTS:
Unknown
EXPORTS:
Unknown
AGENCIES:
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TRADE SUPPLIERS
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NUMBER OF EMPLOYEES
8
DESCRIPTION OF PREMISES
Address: 37,
Kolokotroni Street
1037 Nicosia CYPRUS
Type of premises: Premises
HEADQUARTERS
The company is operating from its own premises. Premises are newly
constructed comprised of offices, factory and warehouses. Premises are located
at the address given overleaf, which is within an industrial area and are share
with sister company Charilaos Aloneftis Industry Limited
BRANCHES
None
RELATED COMPANIES
Sister Company
CHARILAOS ALONEFTIS INDUSTRY LIMITED , CYPRUS , National ID: NIC011508
"Charilaos Aloneftis Industry Limited" - The company in question is involved
in the imports (100%) and proccessing-packing services of sesame, tachini,
chalvas, dry fruit, peanuts, rice, spices, cocoa, bird's seeds, sugar etc. In
addition all these products are sold on a wholesale basis (90%) and a retail
basis(10%).
"Sharp Bonded Limited” - Owners of bonded warehouse.
“M. A. Good Value Suppliers Ltd” - Involved in the same line as Charilaos
Aloneftis Industry Limited.
BANKERS
ALPHA BANK LIMITED
1 Stylianou Lena Square,P.O.Box 21661, 1596 Nicosia,Tel.:357 22888888, Fax:357
22668234
BANK OF CYPRUS PUBLIC COMPANY LIMITED
4A,Kantara Avenue,, 1041 Kaimakli,Tel.:357 22847200 Fax:357 22431966
National Bank of Greece
36,Arch. Makariou iii Avenue, 1065 Nicosia, Tel: 357 22840000 Fax:357 22769349
PRESS
07.07.2008,http://66.102.9.104/search?q=cache:DBCMdhb5dzAJ:ww
THE HEALTH Services of the Ministry of Health inform the general public that,
after a new inspection conducted in premises of the food business of the
company Charilaos Aloneftis Enterprises Ltd, which are nearing Kolokotroni 37,
Kaimakli, found that the reasons for which it had imposed the suspension of the
work of premsies from 27/3/2006 until 10/4/2006 no longer exist and therefore
allowed the reopening them from 11/4/2006.
SHARE CAPITAL
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CHARGES
None
GENERAL COMMENTS
Please note that we tried several times to contact Mr Charilaos Aloneftis
in order to provides with further detailed information regarding the company
but Mr Charilaos Aloneftis was not available at this stage,. Please note that
all the information provided on this report are from published sources.
CYPRUS-FACTS AND
FIGURES
Population: 792,604
Area: 9,251 SQ KM (about 35.4 percent of land is under Turkish control, and a
further 1.8 percent forms part of the buffer zone along the cease-fire line.)
Capital: Nicosia
Currency: Euro
Currency Code: EUR
GDP (Purchasing Power Parity): $36.53 Billion GDP - Composition by Sector:
GDP (Official Exchange Rate):$21.3 Billion Agriculture: 2.7%
GDP - Real Growth Rate:4.4% Industry:
19.2%
GDP - Per Capita (PPP): $46,900 Services:
78%
Industries:
Tourism, Food And Beverage Processing, Cement And Gypsum Production, Ship
Repair And Refurbishment, Textiles, Light Chemicals, Metal Products, Wood,
Paper, Stone, And Clay Products.
The area of the republic of Cyprus under government control has a market
economy dominated by the service sector, which accounts for 78% of GDP.
Tourism, financial services and real estate are the most important sectors.
Erratic growth rates over the past decade reflect the economy's reliance on
tourism.
The economy in the area under government control grew by an average of 3.6% per
year during the period of 2000-06, well above the EU average.
Cyprus joined the European Exchange Rate Mechanism (ERM2) in May 2005 and
adopted the Euro as its national currency on 1 January 2008.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.41.96 |
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UK Pound |
1 |
Rs.83.78 |
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Euro |
1 |
Rs.65.82 |
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%)