MIRA INFORM
REPORT
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Report Date : |
24.01.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
KYRIAZIS CHR. |
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Formerly Known As : |
KYRIAZIS CHRISTOS
& AGGELOS LTD |
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|
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Registered Office : |
Stravo |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
29.01.1975 |
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Com. Reg. No.: |
65079 |
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Legal Form : |
Societe
Anonyme |
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Line of Business : |
Wholesales Fish
and Seafoods |
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 : |
USD 367,298 |
|
Status : |
Satisfactory |
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Payment
Behaviour : |
Unknown |
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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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
a2 |
a2 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
COMPANY NAME
KYRIAZIS CHR.
Icon no: 188862
IDENTIFICATION DETAILS
NAME: KYRIAZIS CHR.
TRADING STYLE: 'PORTO CHELI S.A.'
(FORMER NAME: KYRIAZIS CHRISTOS & AGGELOS LTD)
ADDRESS: STRAVO
PEFKO AREA
19300 ASPROPYRGOS
ATTIKA
TELEPHONE: 30
2105596590
30 2105596591
30 2105595791
30 2105596592
TELEFAX: 30 2105595394
E-MAIL ADDRESS: phelifzn@otenet.gr
ANY AMOUNTS
HEREAFTER ARE IN EURO UNLESS OTHERWISE STATED
company SUMMARY
STARTED: 1975 SALES:
12,489,924
YEAR INC: 2007 PROFIT:
179,023
LEGAL FORM: SOCIETE
ANONYME NET WORTH: 1,877,325
REG NO: 65079 NOM
CAPITAL: 1,608,810
GOVT GAZ
NO:14571/12,31,2007 ISS
CAPITAL: 1,608,810
EMPLOYS: 40
SIC: 5146
ACTIVITY: WHOLESALES FISH AND SEAFOODS
SENIOR COMPANY PERSONNEL
GEORGIOS KYRIAZIS
chairman
Legal representative
HARIKLIA
KYRIAZI-ALEXANDRI
vice-chairman
Legal representative
ANDREAS KYRIAZIS
managing director
Legal representative
ELEFTHERIOS
ALEXANDRIS
member
PANAGIOTA SARVANIDOU
Member
PRINCIPALS ANTECEDENTS
NAME: GEORGIOS
KYRIAZIS
Nationality: Greek
NAME: HARIKLIA
KYRIAZI-ALEXANDRI
Nationality: Greek
NAME: ANDREAS
KYRIAZIS
Nationality: Greek
NAME: ELEFTHERIOS
ALEXANDRIS
Nationality: Greek
NAME: PANAGIOTA
SARVANIDOU
Nationality: Greek
WORKFORCE
EMPLOYS: 40
PAYMENTS
No protested bills
have been reported.
RATINGS
CONDITION: GOOD
AVG CREDIT (USD): 367,298
PAYMENTS: UNDETERMINED
BANKERS
MARFIN EGNATIA BANK
S.A., ASPROPIRGOS branch., L. Dimokratias & Ath. Tsigou,
ALPHA BANK,
ASPROPYRGOS branch., 33,
EFG EUROBANK
ERGASIAS S.A., ASPROPIRGOS branch., Dimokratias Ave. & 2 M. Botsari Str.,
PIRAEUS BANK S.A.,
ASPROPIRGOU branch., 37, Dimokratias Ave. & Kolokotroni str.,
BANK OF CYPRUS
PUBLIC COMPANY LIMITED, CONSUMER BRANCH ASPROPYRGOS branch., 76,
FINANCIALS
Fiscal Fiscal Fiscal
Dec 31,2007 Dec 31,2008 Dec 31,2009
Turnover 8,939,890 10,048,168 12,489,924
Pre-Tax Profit 182,729 166,753 179,023
Net Worth 1,912,927 1,858,791 1,877,325
Fixed Assets 1,714,551 1,885,162 2,411,421
Total Assets 7,891,128 10,242,798 11,001,607
Current Assets 6,132,995 8,306,844 8,550,891
Current
Liabilities 5,639,757 5,122,788 6,273,290
Working
Capital 493,238 3,184,056 2,277,601
Long Term Debt 338,443 3,261,218 2,850,991
Financial
Assets 43,582 50,792 39,295
Intangibles 0 0 0
Net Worth and Total
Assets are tangible figures shown after the deduction of intangible assets.
+--------+
| RATIOS |
+--------+
Dec 31,2007 Dec
31,2008 Dec 31,2009
Current Ratio
(X) 1.09 1.62 1.36
Solvency Ratio
(%) 412.52 551.05 586.03
Fixed Assets/Net
Worth (%) 89.63 101.42 128.45
Current Liabs/Net Worth
(%) 294.82 275.60 334.16
Asset Turnover
(%) 113.29 98.10 113.53
Sales / Net Working
Cap (X) 18.12 3.16 5.48
Assets / Sales
(%) 88.27 101.94 88.08
Profit Margin
(%) 2.04 1.66 1.43
S/holders Return
(%) 9.55 8.97 9.54
Return On Assets
(%) 2.32 1.63 1.63
Abstract from individual fiscal balance
sheet as at Dec 31, 2009
LIABILITIES ASSETS
Capital 1,608,810 Misc Fixed Ass 2,411,421
Legal Reserves 11,732 Total Fixed Ass 2,411,421
Revaltn
Reserve 228,425
Profit For
Year 28,358 Investments 5,083
Net Worth 1,877,325 Misc Fin'cl Ass 34,212
Total Fin'cl Ass 39,295
Misc
Provisions 3,924
Misc Def Liabs 2,847,068
CURRENT LIABILITIES: CURRENT ASSETS:
Trade
Creditors 1,356,267 Stock 2,064,773
Misc Creditors 394,647 Trade Debtors 2,994,607
Short term
Loans 3,889,027 Misc Debtors 3,381,069
Loan
Instalments 350,000 Cash 110,442
Taxation 181,873
Proposed
Dividends 64,352
Advances
Received 37,124
TOTAL CURRENT 6,273,290 TOTAL CURRENT 8,550,891
TOTAL LIABS &
NW 11,001,607 TOTAL ASSETS 11,001,607
Profit & Loss
Account from Jan 01, 2009 to Dec 31, 2009
Net Sales 12,489,924
Cost of Goods
Sold 9,113,383
Gross Profit 3,376,541
Selling/Admin
Expenses 523,753
Misc Operating
Charges 2,317,387
Misc Operating
Income 242
Net Operating
Income 535,643
Misc Financial
Income 29
Total Financial
Income 29
Interest
Payable 426,883
Total Financial
Expenses 426,883
Profit Before
Taxes 179,023
Income Tax 44,756
Profit After
Tax 134,267
Net Profit 134,267
According to the
balance sheet as of Dec 31, 2009.
Financial statement
obtained from outside sources on May 26, 2010.
LEGAL STATUS
Societe anonyme registered on Dec 31, 2007 in ASPROPYRGOS for a
period ending Dec 31, 2106.
Registration Number: 65079
Government Gazette Number: 14571/12,31,2007
Tax Registration Number: 095126245
Subject's name was changed from 'KYRIAZIS CHRISTOS & AGGELOS
LTD' on Dec 31, 2007.
CAPITAL DETAILS
Nominal capital: 1,608,810 Euro. Issued capital: 1,608,810 Euro.
Nominal capital is divided into: 53,627 ordinary shares of 30.00
each.
SHAREHOLDERS
KYRIAZI-ALEXANDRI
HARIKLIA HRISTOS
KYRIAZIS ANDREAS
HRISTOS
KYRIAZIS GEORGIOS
HRISTOS
LINKED COMPANIES
---
ACTIVITIES
Wholesales fish and
seafoods
Trade of frozen
fish.
IMPORTS
Imports from
Normal importing
terms are open account
EXPORTS
Exports to
PREMISES / REAL ESTATE
Operates from
office, at heading address.
REGISTERED OFFICE:
Stravo Pefko area, 19300 ASPROPYRGOS, ATTIKA.
BRANCHES
GENERAL COMMENTS
BACKGROUND
Business started Jan
29, 1975 as a Limited liability company.
Business continued
from Dec 31, 2007 as a Societe anonyme.
Subject moved from
10,
Mr. Ladas confirmed
general details in this report.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.70 |
|
|
1 |
Rs.72.78 |
|
Euro |
1 |
Rs.61.65 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.