MIRA INFORM REPORT

 

 

Report Date :

10.02.2012

 

IDENTIFICATION DETAILS

 

Name :

CHINAS ODYSSEAS 'BUHARA CARPETS'                                 

 

 

Registered Office :

46 Kappadokias 30100 Agrinio Aitoloakarnania             

 

 

Country :

Greece       

 

 

Date of Incorporation :

01.01.1986

 

 

Legal Form :

Proprietorship

 

 

Line of Business :

Wholesales home furnishings

 

 

No. of Employees :

Not Available

 

 

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 :

Small Concern

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

(30.06.2011)

Current Rating

(30.09.2011)

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:                                   CHINAS ODYSSEAS 'BUHARA CARPETS'                                 

ADDRESS:                             46 KAPPADOKIAS                                           

                                              30100 AGRINIO                                            

                                              AITOLOAKARNANIA                                          

                                              GREECE                                                   

TELEPHONE:                         30 2641032144                                           

TELEFAX:                               30 2641032144                                           

E-MAIL ADDRESS:                 buharacarpets@gmail.com                                   

 

ANY AMOUNTS HEREAFTER ARE IN EURO UNLESS OTHERWISE STATED

 

SENIOR COMPANY PERSONNEL

 

Odysseas Sta. Chinas

Proprietor

  

 

WORKFORCE

 

EMPLOYS: 0 as at Mar 26, 2010 including 0 part-time staff.

 

 

BANKERS

 

National Bank of Greece S.A., Agrinio Branch branch., 6 P. Soulou,
      Agrinio 30100, Greece. 
      Telephone: 30 2641060003

 

 

LEGAL STATUS

 

   BACKGROUND

     Business started Jan 1, 1986.

    

   LEGAL FORM

     Proprietorship registered on Jan 1, 1986 for a period ending Dec 31, 9999.

     Tax Registration Number: 014076343.

CAPITAL DETAILS

 

Not available

 

 

ACTIVITIES

 

Local Activity Code:                 4647                                           
Local Activity Code Type:         STAKOD                                         
Equivalent to:                          NACE 1                                         
     
      Wholesales home furnishings 
     Wholesales piece goods and notions

 

Imports and wholesale trade of carpets and white linen, Subject distributes its goods by wholesale throughout Greece.

 
 

IMPORTS

 

Imports 80%

 

 

EXPORTS

 

Subject does not export.

 

 

PREMISES / REAL ESTATE

 

Operates from owned warehouse, at heading address. 
     
     REGISTERED OFFICE: At heading address
 
 

GENERAL COMMENTS 

 

On Feb 3, 2012 subject confirmed general details in this report.

On Feb 3, 2012 local informants stated that: Subject is a long established trading economic unit.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.29

UK Pound

1

Rs.78.10

Euro

1

Rs.65.59

 

 

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.