MIRA INFORM REPORT

Report Date :

06.12.2011

IDENTIFICATION DETAILS

Name :	FASMA N. ALEXANDRIS & CO. O.E.

Formerly Known As :	FASMA ALEXANDRIS BROS O.E.,

Registered Office :	76 Trifyllias 13671 Acharnes Attiki

Country :	Greece

Date of Incorporation :	08.06.1995.

Legal Form :	General Partnership

Line of Business :	Manufactures brooms and brushes

No. of Employees :	6 employees

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Small Company

Payment Behaviour :	No Complaints

Litigation :	Clear

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – September 30, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Greece

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

IDENTIFICATION DETAILS

FASMA N. ALEXANDRIS & CO. O.E.

ADDRESS:

76 TRIFYLLIAS

13671 ACHARNES

ATTIKI

GREECE

TELEPHONE: 30 2102467037

TELEFAX: 30 2102409370

E-MAIL ADDRESS: sales@fasma-alex.gr

WEB ADDRESS: www.fasma-alex.gr

SENIOR COMPANY PERSONNEL

     Nikolaos Chr. Alexandris

             administrator

             partner

  PRINCIPALS ANTECEDENTS

     NAME: Nikolaos Chr. Alexandris

     Has an 80% interest in the partnership.

WORKFORCE

6 employees

PAYMENTS

Informants report that subject's payments are prompt.

BANKERS

Alpha Bank A.E., N. Filadelfeia - Halkidona Bra branch., 87-89

      Dekeleias, Nea Halkidona 14343, Greece.

      Telephone: 30 2102584135

National Bank of Greece S.A., Aigaleo Branch branch., 310 Iera Odos &

      G. Soutsou, Aigaleo 12243, Greece.

      Telephone: 30 2105386116

Probank S.A., Menidi Branch branch., 15 Salaminos, Acharnes 13671,

      Greece.

      Telephone: 30 2102447650

FINANCIALS

On Nov 29, 2011

Sales for the 12 month period ending Dec 31, 2010 were 1,800,000.

Sales for the 12 month period ending Dec 31, 2009 were 1,100,000.

Sales for the 12 month period ending Dec 31, 2008 were 1,050,000.

LEGAL STATUS

BACKGROUND

Business started Jun 8, 1995.

Subject moved from Sp. Miliou, Skaramangas, 19200 Elefsina Attiki on Aug 1, 2005.

LEGAL FORM

General partnership registered on Jun 8, 1995 for a period ending Dec 31, 9999.

Tax Registration Number: 082772266

In September 1998, subject's title changed from FASMA ALEXANDRIS BROS O.E., to the above mentioned.

SHAREHOLDERS

   Nikolaos Alexandris holds 80.00% of the voting capital.

   Christos Alexandris holds 20.00% of the voting capital.

ACTIVITIES

Local Activity Code: 3291

Local Activity Code Type: STAKOD

Equivalent to: NACE 1

Manufactures brooms and brushes

Manufactures textile goods

Mfg, imports and trade of household cleaning materials (dust cloths, floor washers etc.) , Subject's clientele comprises 400 firms all over Greece,

IMPORTS

Imports 60% from China, Cyprus, Germany, Italy, Pakistan

Normal importing terms are open account

EXPORTS

Exports 15% to Albania, Bulgaria

Normal exporting terms are cash against documents

PREMISES / REAL ESTATE

Operates from owned workshop, covering approximately 1,800 square meters at heading address.

REGISTERED OFFICE: At heading address.

BRANCHES

Subject has 1 branches/divisions

76 Trifyllias, 13671, Acharnes, Greece. These are owned warehouse premises.

GENERAL COMMENTS

Subject confirmed general details in this report.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.51.39
UK Pound	1	Rs.80.20
Euro	1	Rs.68.92

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	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
--	NB	New Business	--

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%)

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