MIRA
INFORM REPORT
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Report Date : |
15.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
A.C. IOANNOU TRADING LIMITED |
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Registered Office : |
4B Leonidou Street 2007 Nicosia |
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Country : |
Cyprus |
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Date of Incorporation : |
07.03.1994 |
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Com. Reg. No.: |
C60657 Nicosia |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Investors |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
NAME & ADDRESS
NAME INQUIRED
UNDER: A C IOANNOU TRADING LIMITED
Correct Registered
Name: A.C. IOANNOU TRADING
LIMITED
Address: 4B
Leonidou Street
2007 Nicosia CYPRUS
P.O.Box: 28698 - 2081
Telephone: +357-22492033
Fax: +357-22319242
LEGAL STATUS
Legal Form: Private Limited
Liability Company
Registration
number and city: C60657 Nicosia
Registration date: 07.03.1994
PAYMENT
RECORDS
Unknown
GOOD FOR AMOUNT & TERMS OF
INQUIRY
Unable to comment
Any transaction
with the company in question should be carried out on stricly secure base.
FINANCIAL STRENGTH
Unknown
INSOLVENCY
According to
available information sources the company is not in a
insolvency/Preliminary/debt regulation proceeding.
PRINCIPALS
SHAREHOLDERS
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Full Name |
Function |
Nationality |
EQUITY |
Address |
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Mr. Andreas Ioannou |
Shareholder (Managing Director / Secretary) |
CYPRUS |
95.10% |
CYPRUS |
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Ms. Persoulla Ioannou |
Shareholder |
CYPRUS |
4.90% |
CYPRUS |
OPERATIONS
SIC
main activity
6799 Investors, NEC (commodity contract trading companies)
5199 Nondurable Goods, NEC (except specialty advertising)
The company in question deals with the trade of dowry products such as linen, towels,
table cloths, curtains.
IMPORTS
FAR EAST, CHINA,
EUROPE
Payment terms:
Special Agreements
EXPORTS
Not applicable
NUMBER OF EMPLOYEES
2
DESCRIPTION
OF PREMISES
Address: 4B
Leonidou Street
2007 Nicosia CYPRUS
Type of premises: Premises
HEADQUARTERS
The company
operates from rented premises which are located at the address given overleaf.
Premises comprise offices and warehouses.
BRANCHES
None
RELATED
COMPANIES
None
BANKERS
BANK OF CYPRUS PUBLIC COMPANY LIMITED
71, Acropolis Avenue, Nicosia Tel:357 22427233
CHARGES
Given the fact that the company's file is not available for the public we
cannot trace if the company has any charges.
GENERAL COMMENTS
Unfortunately the
company's file was not available from the official companies' registry during
our visit thus the information of this report is solely from what Ms Persoula
Ioannou company director provided us during our telephone interview. However
she was not at the position to provide us with the company's capital
information.
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Contact Person: |
Ms Persoula Ioannou |
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Position: |
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%)