MIRA INFORM REPORT

 

 

 

Report Date :

13.11.2008

 

IDENTIFICATION DETAILS

 

Name :

PINK WOMAN S.A.

 

 

Registered Office :

8, Kritis street Kavala 65201 Kavala

 

 

Country :

Greece

 

 

Year of Incorporation :

1991

 

 

Legal Form :

Societe Anonyme

 

 

Line of Business :

Trader of Garments

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

EUR 180.000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 


 

 

 

IDENTIFICATION

 

PINK WOMAN S.A.

 

ADDRESS:8, Kritis street

KAVALA

65201 KAVALA-GREECE

 

TELEPHONE: 302510-228605

TELEFAX  : 302510232824

 

 

CURRENCY: Any amounts hereafter are in EURO unless otherwise stated.

 

EVALUATION

 

CONDITION: GOOD

CREDIT: Maximum EUR 180.000.-

 

A Financial Strength of USD 0.6 - 1.2 million (based on Issued Capital)

and an Overall Condition which is GOOD (Low risk).

 

 

SUMMARY

 

STARTED: 2006

 

YEAR INC: 1991

LEGAL FORM: Societe Anonyme

CAPITAL: 1,300,000

GOVT GAZ NO:  9488/2006.09.05 PAID CAPITAL: ALL

VAT NUMBER: 999158737

EMPLOYS: 100

SIC: 5137-5621

ACTIVITY: Trade of garments

 

 

SPECIAL EVENTS

 

No special event posted against this company.

 

 

BANKERS

 

BANK OF PIRAEUS

ALPHA BANK

 

MANAGEMENT COMMENT

 

This company is too young to publish financial information.

NAME AND TITLE OF INTERVIEWEE : Mrs Siaka, (acc.dep)

 

 

PRINCIPALS

 

Hatzipavlidis Pavlos Avr.,10, Protopappa str., Kavala,chairm&man.director

Albanis Fotios Par.,22, Ionos Mexi str., Kavala,member

Gouroutidou Evgenia Mich.,10, Protopappa str., Kavala,member

Kiosse Dialechti Georg.,26, Iras str., Kavala,member

Sarban Elvira Iv.,Perikleous & Notara str.,Kaval,member

 

 

HISTORY/OPERATIONS

 

Subject was founded in September 2006, as a Societe Anonyme under the title in caption, for a 99-year period, with head office in Kavala and main line of business the trade of garments.

It was formed by the merger of :

- HATZIPAVLIDIS P. & CO O.E.-PINK WOMEN, general partnership which on 31.12.2005 had a net worth of euros 1.332.690.-

- KIOSSE D. O.E., general partnership, which on 31.12.2005 had a net worth of euros 2.935.-

 

Subject is legally represented by Hatzipavlidis Pavlos Avr.

(Gov.Gaz.9994/2006)

 

SHAREHOLDERS/OWNERS

 

Hatzipavlidis Pavlos Avr.,10, Protopappa str., Kavala,

Gouroutidou Evgenia Mich.,10, Protopappa str., Kavala,

 

OPERATIONS

 

It has been operating :

- shop, at the address and under the title in caption,

- branch-shop, in Xanthi,

- branch-shop, in Drama,

- branch-shop, in Serres,

- two branch-shops, in Xanthi

- branch-shop, in Orestiada, Evros,

- branch-shop, in Alexandroupoli, Evros,

- branch-shop, in Komotini, Rodopi,

- showroom, at 29, Tatoiou street, Metamorfossi, Athens.

Engaged in trading (wholesale-retail) garments.

Imports from Italy, Turkey and China.

Suppliers : No information available.

Terms of imports : Cash or

                   Open Credit.

Exports to E.U. countries and Third World countries.

STAFF :100 people.

 

NOTES :

* Web-site : www.pinkwoman.gr

* E-mail : pinkwoman@acn.gr

* Previous address : 30, Karaoli Dimitriou street,

                     Thessaloniki.

                     57-67, Gortsologou street, Sparti,

 

REAL ESTATE

 

No information available about any real estate.

 

 

CORPORATE STRUCTURE

 

There are no affiliations or other participations.

 

 

FINANCIAL INFORMATION

 

Nothing adverse has been reported.

 

No balance sheet has been published, yet.

 

Subject's Share Capital is euro 1.300.000.- divided in

130.000 shares, valued in euros 10.- each one

 

NAME AND TITLE OF INTERVIEWEE : Mrs Siaka, (acc.dep)

 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.48.79

UK Pound

1

Rs.75.41

Euro

1

Rs.61.48

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions