MIRA INFORM REPORT

 

 

Report Date :           

05.05.2011

 

 

 

Tel. No.:

0030 210 6623763

Fax No.:

0030 210 6624788

 

IDENTIFICATION DETAILS

 

Name :

MARTANKOS S.A. EKTYPOTIKI DIAFIMISTIKI TECHNIKI

 

 

Registered Office :

1st Klm. Koropi-Vari Road, 19400 Koropi, Attika

 

 

Country :

Greece

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

21.01.1993

 

 

Com. Reg. No.:

29739  

 

 

Legal Form :

Societe Anonyme           

 

 

Line of Business :

Manufactures setup paperboard boxes

 

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 :

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 – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

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 

 

MARTANKOS S.A. EKTYPOTIKI DIAFIMISTIKI TECHNIKI
Icon no: 198726

 

 

IDENTIFICATION DETAILS

 

NAME:                          MARTANKOS S.A. EKTYPOTIKI DIAFIMISTIKI TECHNIKI                  

 

TRADING STYLE:      'MARTANKOS S.A.'

 

ADDRESS:           

1ST KLM. KOROPI-VARI ROAD

19400 KOROPI

ATTIKA

GREECE

 

TELEPHONE:          30  2106623763

                                 30  2106623762

                                 30  2104836300

TELEFAX:            30  2106624788

                            30  2104836310

 

 

PARENT DETAILS

 

NAME:              PRIME ONE

COUNTRY:        CYPRUS

SHARES HELD: 97.00%

 

ANY AMOUNTS HEREAFTER ARE IN EURO UNLESS OTHERWISE STATED

 

 

SUMMARY

 

STARTED:        1993                                         PROFIT:                       -56,000

YEAR INC:        1993                                         NET WORTH:                  1,061,000

LEGAL FORM: SOCIETE ANONYME                  NOM CAPITAL:                1,602,765

REG NO:          29739                                       ISS CAPITAL:                1,602,765

GOVT GAZ NO:5874/01,21,1993

EMPLOYS:       12

SIC:                  2652 5111

ACTIVITY:   MANUFACTURES SETUP PAPERBOARD BOXES

 

SENIOR COMPANY PERSONNEL

 

ELEFTHERIOS LINARDOPOULOS

Chairman

Managing director

Legal representative

 

DIMITRIOS GEORGIOU

Vice-chairman

Legal representative

 

IOANNIS MAKRINOS

Member

 

PRINCIPALS ANTECEDENTS

NAME: ELEFTHERIOS LINARDOPOULOS

Nationality: Greek

 

NAME: DIMITRIOS GEORGIOU

Nationality: Greek

 

NAME: IOANNIS MAKRINOS

Nationality: Greek

  

 

WORKFORCE

 

EMPLOYS: 12

 

 

PAYMENTS

 

PUBLIC RECORD INFORMATION

No protested bills have been reported.

 

 

RATINGS

 

CONDITION:        POOR                

CREDIT:           GUARANTEES          

PAYMENTS:         UNDETERMINED

 

BANKERS

 

EFG EUROBANK ERGASIAS S.A., KALLIROIS branch., 21, Kallirois Str., ATHENS 11743, Greece.

ALPHA BANK, NEON PHALERON branch., 74A, Athinon-Pireos Street, PIRAEUS 18547, Greece.

 

 

FINANCIALS

 

                             Fiscal           Fiscal          Fiscal
                         Dec 31,2007      Dec 31,2008     Dec 31,2009
Turnover                         0                0               0
Pre-Tax Profit              -7,000       -2,784,000         -56,000
Net Worth                3,264,000        1,164,000       1,061,000
Fixed Assets             6,380,000                0               0
Total Assets             6,626,000        1,233,000       1,070,000
Current Assets             246,000        1,040,000         907,000
Current Liabilities        376,000           69,000           9,000
Working Capital           -130,000          971,000         898,000
Long Term Debt           2,985,999               -1              -1
Financial Assets                 0          193,000         163,000
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)            0.65            15.07          100.78
Solvency Ratio (%)         203.00           105.93          100.85
Fixed Assets/Net Worth (%) 195.47             0.00            0.00
Current Liabs/Net Worth (%) 11.52             5.93            0.85
Asset Turnover (%)           0.00             0.00            0.00
Sales / Net Working Cap (X)  0.00             0.00            0.00
S/holders Return (%)        -0.21          -239.18           -5.28
Return On Assets (%)        -0.11          -225.79           -5.23

 

 

Abstract from individual fiscal balance sheet as at Dec 31, 2009 
 
             LIABILITIES                             ASSETS                        
Capital                      1,603,000                     
Profit For Year               -542,000   Investments                    163,000
Net Worth                    1,061,000   Total Fin'cl Ass               163,000
 
Misc Def Liabs                       0                                         
 
     CURRENT LIABILITIES:                         CURRENT ASSETS:               
Misc Current Liabs               9,000   Trade Debtors                    3,000
                                         Misc Debtors                   904,000
 
TOTAL CURRENT                    9,000   TOTAL CURRENT                  907,000
 
TOTAL LIABS & NW             1,070,000   TOTAL ASSETS                 1,070,000
 
             Profit & Loss Account from Jan 01, 2009 to Dec 31, 2009               
 
             Selling/Admin Expenses                   88,000
 
             Net Operating Income                    -88,000
             Misc Financial Income                    32,000
             Total Financial Income                   32,000
 
             Profit Before Taxes                     -56,000
 
             Profit After Tax                        -56,000
 
             Net Loss                                 56,000

 

According to the balance sheet as of Dec 31, 2009.

 

Financial statement obtained from outside sources on Jun 01, 2010.

 

 

LEGAL STATUS

 

BACKGROUND

Business started Jan 21, 1993.

Subject moved from 19A, Grigoriou Lambraki street, 17778 TAVROS ATTIKA on Aug 19, 2010.

 

LEGAL FORM

Societe anonyme registered on Jan 21, 1993 in KOROPI for a period ending Jan 21, 2043.

Registration Number: 29739

Government Gazette Number: 5874/01,21,1993

Tax Registration Number: 094385189

 

 

CAPITAL DETAILS

 

Nominal capital: 1,602,765 Euro. Issued capital: 1,602,765 Euro.

Issued/paid-up capital was last increased on Oct 31, 2003.

 

Nominal capital is divided into: 534,255 ordinary shares of 3.00 each.

    

 

SHAREHOLDERS

 

Non Retrievable

 

 

LINKED COMPANIES

 

Parent Company

The company is a subsidiary of PRIME ONE, CYPRUS, which holds 97.00%interest.

 

 

ACTIVITIES

 

Manufactures setup paperboard boxes

Wholesales printing and writing paper

Manufacture of carton boxes-Printing activities

Territory: 5% International 95% National

 

 

IMPORTS

 

Imports from Sweden, Serbia and Montenegro, Turkey

Normal importing terms are 60 days

Normal importing terms are open account

 
    

EXPORTS

 

Exports 5% to Balkans

Normal exporting terms are cash

 

 

PREMISES / REAL ESTATE

 

Operates from office, at heading address.

 

REGISTERED OFFICE: 1st klm. Koropi-Vari road, 19400 KOROPI, ATTIKA.

 

 

BRANCHES

 

Non Retrievable

 

GENERAL COMMENTS 

 

Mr. Gamaris confirmed general details in this report.

 

local informants stated that:

In 2008 (Government Gazette 11226/2008), on its main line of business was added the real estate enterprises.

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.59

UK Pound

1

Rs.73.42

Euro

1

Rs.66.04

 

 

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.