MIRA INFORM REPORT

 

 

Report Date :           

23.06.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

PITSIKOULAKIS ANDREAS & CO O.E.

 

 

Registered Office :

57 Lyssias Street, 12132 Peristeri, Attika

 

 

Country :

Greece

 

 

Year of Establishment :

1997

 

 

Legal Form :

General Partnership

 

 

Line of Business :

Operates Household Appliance Stores  

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Greece

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

Company summary

 

COMPNAY NAME:         PITSIKOULAKIS ANDREAS & CO O.E.

TRADING STYLE:         'WELCOME HOME'                                           
ADDRESS:                    57 LYSSIAS STREET                                         

                                    12132 PERISTERI                                          

                                     ATTIKA                                                   

                                    GREECE                                                    

TELEPHONE:                30  2105746700                                                 
TELEFAX:                     30  2104137745    

E-MAIL ADDRESS:     accdept@welcome-home.gr                 

 

                                                                          

CREDIT RATING SUMMARY

 

CREDIT:   Unable to comment                 

PAYMENTS: Undetermined

 

 

SUMMARY

 

STARTED         : 1997                                                                

YEAR INC         : 1997                                                             

LEGAL FORM   : General Partnership [registered in 1997 in PERISTERI]

TAX REG.NO:   084193184

EMPLOYES      : 22

SIC                   : 5722 5023                                                                

ACTIVITY         :  Operates Household Appliance Stores  

 

PRINCIPALS

 

ANDREAS PITSIKOULAKIS

Administrator/ General Partner

    

EVAGGELOS PITSIKOULAKIS

General Partner

 

 

PAYMENTS REPORTED

 

Not Retrievable


BANKERS

 

NATIONAL BANK OF GREECE S.A., VOUKOURESTIOU branch., Panepistimiou 8, ATHENS 10671, Greece.

 

ALPHA BANK, DROSSIA branch., 1, Stamatas Avenue, STAMATA 14575, Greece.

 

 

PUBLIC RECORD INFORMATION

 

No protested bills have been reported.

 

 

CAPITAL

 

Partnership capital: 90,000 Euro.

PITSIKOULAKIS ANDREAS GEORGIOS holds 90.00% of the voting capital.

PITSIKOULAKIS EVAGGELOS GEORGIOS holds 10.00% of the voting capital

 

 

BRANCHES/DIVISIONS

 

373 Kifisias avenue, 14671, N.ERYTHREA, Greece. These are shop premises.

 

 

OPERATIONS

 

Operates household appliance stores

Wholesales home furnishings

Trade of household equipment.

Territory: 100% National

Subject does not export.

Imports from Europe

Normal importing terms are open account

Operates from shop, at heading address.

 

REGISTERED OFFICE: 57 Lyssias street, 12132 PERISTERI, ATTIKA.

 

GENERAL COMMENTS

 

The business started in 1997. The subject moved from 27, Ymittou Street, 18540 PIRAEUS ATTIKA

 

Ms Alexopoulou confirmed general details in this report.

 

Local informants stated that: In 2003, there had been a change in subject & apos;s members and the title of the firm became as in caption.

 

Copies of accounts are not available from official sources. 

 

The full present financial position could not be ascertained.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.82

UK Pound

1

Rs.72.84

Euro

1

Rs.64.58

 

 

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.