MIRA INFORM REPORT

 

 

Report Date :

25.04.2012

 

IDENTIFICATION DETAILS

 

Name :

KARAGIOZIS LEONIDAS 'KARA-GIOZ IMPORT EXPORT'

 

 

Formerly Known As :

KARAGIOZIS LEONIDAS 'KARA-GIOZ'

 

 

Registered Office :

1 28nd Octovriou, 25200 Kato Achaia,  Achaia

 

 

Country :

Greece

 

 

Date of Incorporation :

05.03.1998

 

 

Legal Form :

Proprietorship

 

 

Line of Business :

Imports and trade of shoes, garments, carpets

 

 

No. of Employees :

4

 

 

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 :

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 – September 30, 2011

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Greece

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


           

IDENTIFICATION DETAILS

 

NAME:              KARAGIOZIS LEONIDAS 'KARA-GIOZ IMPORT EXPORT'

TRADING STYLE:          'KARA-GIOZ IMPORT EXPORT'                                

 

(FORMER NAME:          KARAGIOZIS LEONIDAS 'KARA-GIOZ')                         

 

ADDRESS:                   1 28ND OCTOVRIOU                                         

                                    25200 KATO ACHAIA                                        

                                    ACHAIA                                                   

                                    GREECE                                                   

 

TELEPHONE:                30  2693023755                                           

                                    30  2693023857                                           

                                    30  2130147103                                           

TELEFAX:                                 30  2693023755                                           

E-MAIL ADDRESS:        karagiozlou@yahoo.gr                                     

 

     ANY AMOUNTS HEREAFTER ARE IN EURO UNLESS OTHERWISE STATED

                                         

                    

SENIOR COMPANY PERSONNEL

 

Leonidas George Karagiozis

Proprietor

 

 

WORKFORCE

 

EMPLOYS: 4 including 0 part-time staff.

The number of employees varies according to needs.

The number of employees peaks to 4

 

 

RATINGS

 

Credit Rating: Nil Rating

 

 

BANKERS

 

National Bank of Greece S.A., Kato Achaia Branch branch., Ag. I.

    Prodromou & Patron - Pyrgou, Kato Achaia 25200, Greece.

    Telephone: 30 2693022293

ATEBANK S.A., Kato Achaia Branch branch., 5 Aratou & Oivota, Kato

      Achaia 25200, Greece.

      Telephone: 30 2693022676

EFG EUROBANK ERGASIAS S.A., Patra Branch branch., 26 Ag. Andreou &

      Kolokotroni, Patra 26221, Greece.

      Telephone: 30 2610621719

Bank of Piraeus S.A., Kato Achaia Branch branch., 15 Paagiannopoulou

      Sq, Kato Achaia 25200, Greece.

      Telephone: 30 2693026020

 

SECURED CHARGES

 

Subject has registered secured charges which include the below:

     

A charge for an amount of 166,140 Euro was registered on 1, 2000. The charge is secured against Number Of Items: 2, On : a field 6509m2 at the area Frantzi Lami.

 

 

FINANCIALS

 

The below mentioned financial figures are in Euro

    

     On Apr 10, 2012

    

     Sales for the 12 month period ending Dec 31, 2010 were 200,000.

    

     Sales for the 12 month period ending Dec 31, 2009 were 195,000.

    

     Sales for the 12 month period ending Dec 31, 2008 were 170,000

 

 

LEGAL STATUS

 

BACKGROUND

     Business started Mar 5, 1998.

    

LEGAL FORM

     Proprietorship registered on Mar 5, 1998 for a period ending Dec 31, 9999.

     Tax Registration Number: 027763783

     Subject's name was changed from 'KARAGIOZIS LEONIDAS 'KARA-GIOZ''.

     Subject's name was changed from 'KARANGIOZIS LEONIDAS 'KARA-GIOZ''.

 

 

ACTIVITIES

 

Local Activity Code:          4642                                          

Local Activity Code Type:     STAKOD                                        

Equivalent to:                NACE 1                                        

    

     Wholesales footwear

     Wholesales piece goods and notions

     Imports and trade of shoes, garments, carpets and white line , Subject

     distributes its goods mainly by wholesale.

 

 

IMPORTS

 

Imports 80% from China, Germany, Italy, Turkey

Normal importing terms are cash against documents

 

 

EXPORTS

 

Exports 10% to Albania, Bulgaria, Romania

Normal exporting terms are cash against documents

 

 

PREMISES / REAL ESTATE

 

Operates from rented warehouse, covering approximately 100 square meters at heading address.

    

     REGISTERED OFFICE: At heading address.

 

 

BRANCHES

 

Subject has 2 branches/divisions

 

     48 Stadiou, 10564, Athens, Greece. These are rented office premises.

     Size: 70 square metres.

    

     1 28nd Octovriou, 25200, Kato Achaia, Greece.

 

 

GENERAL COMMENTS 

 

On Apr 10, 2012 subject confirmed general details in this report.

    

On Apr 20, 2012 local informants stated that:

Subject is a long established trading firm.

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.52.79

UK Pound

1

Rs.85.17

Euro

1

Rs.69.53

 

 

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.