MIRA INFORM REPORT

 

 

Report Date :

18.01.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

SAVRAMIS VASSILIOS & CO LTD

 

 

Registered Office :

226 Pireos Street, 17778 Tavros, Attika

 

 

Country :

Greece

 

 

Date of Incorporation :

28.07.1994

 

 

Com. Reg. No.:

4522/07,28,1994

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Wholesales Fish and Seafoods

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Poor

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

----

 

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 – June 30, 2010

 

Country Name

Previous Rating

                   (01.04.2010)                  

Current Rating

(30.06.2010)

Greece

a2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

COMPANY NAME

 

SAVRAMIS VASSILIOS & CO LTD

 

 

IDENTIFICATION DETAILS

     

TRADING STYLE:             'SAVRAMIS'

ADDRESS:                   226 PIREOS STREET

                                    17778 TAVROS

                                    ATTIKA

                                    GREECE

TELEPHONE:                30  2103420777

                                    30  2103420767

TELEFAX:                     30  2103463435

E-MAIL ADDRESS:     savramis@hol.gr

 

ANY AMOUNTS HEREAFTER ARE IN EURO UNLESS OTHERWISE STATED

 

 

SUMMARY

 

STARTED:        1994                                                     SALES:                     25,000,000

YEAR INC:        1994                                                     NOM CAPITAL:        1,050,000

LEGAL FORM: LIMITED LIABLITY COMPANY                ISS CAPITAL:          1,050,000

GOVT GAZ NO:4522/07,28,1994

EMPLOYS:       35

SIC:                  5146

ACTIVITY:         WHOLESALES FISH AND SEAFOODS

             

 

SENIOR COMPANY PERSONNEL

 

VASILIOS SAVRAMIS

administrator

partner

 

ALEXANDRA SAVRAMI

administrator

partner

 

PRINCIPALS ANTECEDENTS

NAME: VASILIOS SAVRAMIS

Nationality: Greek

 

NAME: ALEXANDRA SAVRAMI

Nationality: Greek

 

  

WORKFORCE

 

EMPLOYS: 35

 

 

PAYMENTS

 

In 2005 3 uncovered cheques were registered against the subject for an amount of 10000 Euro.

 

In 2005 3 payment orders were registered against the subject for an amount of 10000 Euro.

 

 

RATINGS

 

CONDITION:     POOR

CREDIT:           GUARANTEES

PAYMENTS:     UNDETERMINED

 

 

BANKERS

 

EFG EUROBANK ERGASIAS S.A., TAVROS branch., 226, Piraios Str., TAVROS 17778, Greece.

 

 

FINANCIALS

 

The below mentioned financial figures are in Euro

 

Sales for the 12 month period ending Dec 31, 2008 were 25,000,000.

 

    

LEGAL STATUS

 

LEGAL FORM

Limited Liability Company registered on Jul 28, 1994 in TAVROS for a period ending Jul 28, 2024.

Government Gazette Number: 4522/07,28,1994

Tax Registration Number: 095653973

 

Former trade style: POSEIDONAS LTD.

 

 

CAPITAL DETAILS

 

CAPITAL

·         Nominal capital: 1,050,000 Euro. Issued capital: 1,050,000 Euro.

·         Issued/paid-up capital was last increased on Dec 29, 2009.

·         Nominal capital is divided into: 35,000 shares of 30.00 each.

 

 

SHAREHOLDERS

 

SAVRAMIS VASILIOS MICHAEL holds 50.00% of the voting capital.

SAVRAMI ALEXANDRA CON. holds 50.00% of the voting capital.

 

 

LINKED COMPANIES

 

Non Retrievable

 

 

ACTIVITIES

 

Wholesales fish and seafoods

Trade of fresh and frozen sea-food

Number of accounts: 1,500

 

IMPORTS

 

Imports from France, Spain, Argentina, Denmark, India, Iceland, Kenya, Morocco, South Africa, Uganda, Tunisia, New Zealand, Ghana, Sierra Leone, Mauritania, Netherlands, Norway

Normal importing terms are 60 days

Normal importing terms are open account

 

 

EXPORTS

 

Exports to France, Spain, Balkans, Cyprus, Russian Fed, Asia

Normal exporting terms are net 60 days

Normal exporting terms are open account

 

 

PREMISES / REAL ESTATE

 

Operates from rented coldstore, at heading address.

 

REGISTERED OFFICE: 226 Pireos street, 17778 TAVROS, ATTIKA.

 

 

BRANCHES

 

13 Smyrnis street, 17778, TAVROS, Greece. These are shop premises.

 

 

GENERAL COMMENTS 

 

BACKGROUND

Business started Jul 28, 1994.

 

Subject moved from 226, Thivon street, 17778 TAVROS ATTIKA on Apr 27, 1999.

 

On Jan 17, 2011 An employee confirmed general details in this report.

 

On Jan 17, 2011 local informants stated that:

 

Subject& partners also participate in the company SAVRAMIS V.

 

& CO E.E., limited partnership, started in 1989, same address, same line of business (VAT No 093691331). Savramis Vasilios also maintains sole proprietorship, since 1998, same address, and same line of business (VAT No 093691331). No balance sheet has been published since 2000. Although the numerous attempts we have made, the officials were constantly absent.

 

As a result, we could not gather additional information about its activities at 17/01/2011. Data existed in the present report have been derived from official sources and previous contact with its officials.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.59

UK Pound

1

Rs.72.31

Euro

1

Rs.60.73

 

 

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%)

 

 

 

 

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.