MIRA
INFORM REPORT
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Report Date : |
20.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
MAKRIS, TH., METALLEMPORIKI S.A. |
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Registered Office : |
Larissas - Sykouriou Rd (6th km), P.O. Box 1636 41002, Larissa |
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Country : |
Greece |
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Date of Incorporation : |
1978 |
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Legal Form : |
Societe Anonyme |
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Line of Business : |
Shaping of Steel Sheets. Manufacturer of Polyurethane and
Stone Wool Panels |
RATING & COMMENTS
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MIRA’s Rating : |
Aa |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
MAKRIS, TH., METALLEMPORIKI S.A.
Larissas - Sykouriou Rd (6th km), P.O. Box 1636
41002, Larissa
Tel.: 2410 575207
Fax: 2410 575206
U.R.L.: www.metallemporiki.gr
E-mail: makris@metallemporiki.gr
summary
Sector : Industry (Metal Products & Structures)
Year Established : 1978
Chairman : George Bas. Sagris
CEO : Athanassios Tho. Makris
Capital : Euro 5.445.716
Owners Equity : Euro 26.986.172 (31/12/2007)
Net Sales : Euro 26.825.389 (1/1/2007 - 31/12/2007)
Net Income for the Year Before Tax : Euro 5.865.857 (1/1/2007 - 31/12/2007)
Staff of employees : 45
FINANCIAL STATUS : Excellent PAYMENT RECORD : Prompt TREND : Stable GOV. GAZETTE No:02836/1978 TAX REGISTR. No: 094030796 No OF THE REGISTER OF SOCIETE ANONYME:010273 /031 /B /86 /41 MEMBER OF : LARISSA CHAMBER OF COMMERCE & INDUSTRY GENERAL REG. No. : 0405181 EXPORTS REG. No. : 0001026 ISO Certificate: ISO 9001:2000 Testifying Company: TUV AUSTRIA HELLAS LTD LEGAL FORM: Societe Anonyme DATE ESTABLISHED: 1978 HEAD OFFICE: Larissa DURATION: Up to year 2028
HISTORY
Established in Larissa, on 25.9.1978.
ACTIVIT
Shaping of steel sheets. Mfg of polyurethane and stone wool panels
PREMISES
(as declared ): HEAD OFFICE-PLANT: Larissas - Sykouriou Rd (6th km), P.O. Box 1636, 410-02 Larissa, owned,plot of land 25,000 m2, covered area 11,000 m2.
STAFF
Employees : 45 persons
SHAREHOLDERS
(as declared): by 52.55% Thomas Ath. Makris (born in 1926) by 26.37% Athanassios Tho. Makris by 14.60% George Kon. Karaiskos by 6.48% George Bas. Sagris
BOARD OF DIRECTORS:
George Bas. Sagris Chairman George Kon. Karaiskos Vice-Chairman Athanassios Tho. Makris CEO Dimitra Ath. Kerkymi Member
AFFILIATED COS
George Bas. Sagris participates in the firm(s): -SHELTER S.A. (Code No: 0246037 VAT: EL099846043) DATE ESTABLISHED: 2001 SECTOR: Industry (Metal Products & Structures) Share capital : 433,066 Shareholders equity : 3,405,602 Net Sales : 5,649,384 Net profit : 1,440,137 Balance sheet details as at (31.12.2007) in Euro. HEAD OFFICE-PLANT: Larissas - Sykouriou Rd (6th km), P.O. Box 2116 410 53, Larissa Athanassios Tho. Makris participates in the firm(s): -SHELTER S.A. (as mentioned before) George Kon. Karaiskos participates in the firm(s): -SHELTER S.A. (as mentioned before)
FINANCIAL DATA
Share capital amounts to Euro 5,445,716 divided into 1,858,606 shares at EURO 2.93 each. Prior to the last increase in 2006 (Gov.Gaz.8010/2006) share capital amounted to 3,667,000 Euro. The above increase was decided to be covered being the capitalization of part of capital surplus. Present financial data are not available. The latest published balance sheets are attached.
BUSINESS TRANSACTION INDEX
Subject 2008 2007 2006 2005 2004
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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)
CREDIT APPRAISAL
We recommend a maximum credit limit of Euro 4,100,000
BANKS
National Bank of Greece S.A. Larissa Branch (tel.:241-0596369) Bank of Piraeus S.A. Larissa (Panagouli) Branch (tel.:241-0556020) (Imports/Exports)
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PROFIT AND LOSS ACCOUNT
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COMPANY RATIOS
PROFITABILITY RATIOS
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SECTOR RATIOS
PROFITABILITY RATIOS
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Sample of Companies: -(2007), 654(2006), 677(2005) |
NOTES
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When the minus sign (-) appears to Income Tax Payable account or to
other Tax accounts indicates that company is obliged to pay the particular tax amount,
while the opposite signifies a tax return.
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Some ratios are calculated using the average value of the accounts of
the Balance Sheet or Midterm Statements. For applying this type of calculation,
company's financial statements must be presented in succession, with common
accounting standards (either Greek Standards or IFRS) and with the same depth
of analysis. In the opposite case, the corresponding ratios are calculated
based on the accounts as at they are presented in the reporting year.
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N/A: Not Available
N/C: Not Calculable
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%)