MIRA
INFORM REPORT
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Report Date : |
05.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
EDT MARINE CONSTRUCTION LIMITED |
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Formerly Known As : |
E.D.T CONSTRUCTION LIMITED |
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Registered Office : |
Yermasogia, 124,Ayias Paraskevis Street, 3725 Limassol, P.O. Box 54548
- 3725 |
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Country : |
Cyprus |
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Date of Incorporation : |
16.02.2005 |
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Com. Reg. No.: |
C157564 Nicosia |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Employment Agencies (executive placement services) |
RATING &
COMMENTS
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MIRAs Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NAME & ADDRESS
NAME INQUIRED
UNDER: EDT Marine Construction
Correct Registered
Name: EDT MARINE CONSTRUCTION
LIMITED
Address: Yermasogia,
124,Ayias Paraskevis Street
3725
Limassol CYPRUS
P.O. Box: 54548
- 3725
Telephone: +357-25899000
Fax: +357-25344440
Email: info@edtoffshore.com
Web: www.edttowage.com
LEGAL STATUS
Legal Form: Private Limited Liability Company / International
Business Company (IBC)
Registration
number and city: C157564 Nicosia
Registration date:
16.02.2005
Former
registration name: E.D.T
CONSTRUCTION LIMITED, valid since: 16.02.2005, until: 10.11.2005
Former company names: E.D.T CONSTRUCTION LIMITED
PAYMENT
No complaints
COMMERCIAL MORALITY
Good
FINANCIAL STRENGTH
Unknown
INSOLVENCY
According to
available information sources the company is not in a
insolvency/Preliminary/debt regulation proceeding.
PRINCIPALS
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SHAREHOLDERS
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Full Name |
Function |
Nationality |
EQUITY |
Address |
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Mr. Eas Tchacos |
Shareholder |
GREECE |
49.90% |
124,Ayias Paraskevis Street |
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Mr. Darios Melas |
Shareholder |
CYPRUS |
49.90% |
124,Ayias Paraskevis Street |
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Ms. Frederiki Tsakou |
Shareholder |
GREECE |
0.20% |
95,Rue Abdel Moneim |
MANAGEMENT
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Full Name |
Age |
Function |
Qualification |
Experience |
Address |
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Mr. Marios Saveriades |
37 |
Secretary |
N/A |
N/A |
Iris House,7th Floor,Apt 740B, John Kennedy |
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Mr. Eas Tchacos |
61 |
Chief Executive Officer |
N/A |
N/A |
124,Ayias Paraskevis Street |
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Mr. Darios Melas |
46 |
Managing Director |
N/A |
N/A |
124,Ayias Paraskevis Street |
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Mr. Trygve Godoe |
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Manager (Chartering Manager) |
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CYPRUS |
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Ms. Jane Melas |
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Marketing Manager |
N/A |
N/A |
CYPRUS |
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Ms. Niki Ioannou |
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Manager (Crewing Manager) |
N/A |
N/A |
CYPRUS |
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Ms. Susan Dionisiou |
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Manager (Operations Manager) |
N/A |
N/A |
CYPRUS |
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Ms. Aristie Kneip |
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Manager (Provisions Manager) |
N/A |
N/A |
CYPRUS |
ACTIVITIES
Services
OPERATIONS
SIC
main activity
7361 Employment Agencies (executive placement services)
4731 Arrangement of Transportation of Freight and Cargo (except freight rate
auditors and tariff consultants)
4225 General Warehousing and Storage (all but self-storage miniwarehouse
warehousing)
The company in question provides a complete range of shipping management
services such as:
Vessel operation and management
Towage
Salvage
Antipollution
Ship Agency
PLGR and PLIB Operations
Yokohama Fender Hire and STS Operations*
Port Warehousing and Office facilities
Crewing
Training
Bunkering
6000m depth rated ROV - on site for immediate mobilization**
Fire-fighting
Aviation
MOTOR
VEHICLES
2007
Number of vessels owned:
7
Total number of vehicles 7
IMPORTS
Unknown
EXPORTS
Unknown
AGENCIES
Name Country Product
Unknown
TRADE
SUPPLIERS
Name Country Product
Unknown
NUMBER
OF EMPLOYEES
Unknown
DESCRIPTION
OF PREMISES
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HEADQUARTERS
The Company
operated from offices which are located at the address given overleaf.
BRANCHES
Unknown
RELATED
COMPANIES
Unknown
BANKERS
Unknown
SHARE
CAPITAL
Registered capital: CYP
5,000.00 since 16.02.2005
Number of Ordinary: 1,000
Value per share of Ordinary: CYP
5.00
Issued capital: CYP 1,000.00 since
16.02.2005
Number of Ordinary: 1000
Value per share of Ordinary: CYP 5.00
Paid-up capital: CYP 1,000.00 since
16.02.2005
CHARGES
None in current years
GENERAL COMMENTS
EDT began
operations in Limassol, Cyprus in 1980 as ship owners, managers and
operators.Their core operations include towage and salvage, specialized sub-sea
operations for both governments and commercial companies, HDP pipeline
installations and Ship Agency Services. Their vessels have performed numerous
diving, cable laying support and ROV operations, and have assisted in military
and civilian aircraft wreckage recoveries through our longstanding service
agreements.
Their Clientel list includes:
AKA Maritime, UK
Archirodon Construction Overseas, Egypt
Atwood Oceanics International, Australia
Bibby Maritime Limited, UK
Cable & Wireless, UK
Cal Dive International. USA
Canyon Offshore Ltd, UK
Century Subsea, UK
Coflexip Ltd, UK
Coflexip Stena Offshore Ltd, UK
Department of Fisheries & Marine Research, Cyprus
DOF Management A/S, Norway
Earthship Productions, USA
Egyptian Navigation Co, Egypt
Energy Maintenance Services SPA, Italy
FT Marine Ltd, France
Fraser Diving International Ltd, UAE
Fugro Engineers BV, Netherlands
Fugro Oceansismica, Italy
GB Diving, Netherlands
Global Industries Inc, USA
Halliburton Subsea Ltd, UK
Harris MCS, USA
Horizon Offshore Contractors, USA
Hull Blyth Araouzos, Cyprus
Impresub International LLC, Egypt
Impresub SRL, Italy
LD Travocean, France
Lockheed Martin, USA
Lundin Netherlands BV, Tunisia
Maersk, Denmark
Maridive Offshore Projects (S.A.E), Egypt
Maridive Survey Division, Egypt
Marine Consulting SRL, Italy
Micoperi SA, Italy
Nauticos Corporation, USA
Oceaneering, USA
Phoenix International Inc, USA
PMS, Egypt
Racal Survey Ltd, UK
SAIPEM, Italy
SAPESCO Ltd, Egypt
Smit Salvage BV, Holland
Smit Terminals International Ltd, UAE
Sonsub Ltd, UK
Stolt Offshore M.S. Ltd
Sumergia, Spain
Technip Offshore UK Ltd, UK
Titan Marine, UK
Tsavliris Salvage International Ltd, Greece
Tyco Submarine Systems, USA
Western Geco Ltd, UK
Wijsmuller, The Netherlands
Williamsons & Associates, USA
Please note that all the informations given in this report is from published
informations.We have contact the companys offices several times but everyone
were to busy talking to us.They promise to call us back but no reply was
receive up to now.
We shall continue our efforts to speak with them and if we receive any further
detailed informations we will reply back to you immediattely.
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 SCs 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%)