MIRA INFORM REPORT

 

 

Report Date :           

13.01.2012

 

IDENTIFICATION DETAILS

 

Name :

NINOS, ILIAS K., S.A.

 

 

Registered Office :

99a L. Katsoni, 18344 Moschato, Attiki

 

 

Country :

Greece

 

 

Financials (as on) :

31.12.2010

 

 

Year of Establishment :

 
1989

 

 

Com. Reg. No.:

045752

 

 

Legal Form :

Societe Anonyme

 

 

Line of Business :

Wholesales fresh fruits and vegetables

 

 

No. of Employees :

6

 

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 :

No Complaints

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 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Greece

 

 

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

COMPANY NAME

 

NINOS, ILIAS K., S.A.

Icon no: 216584

 

 

IDENTIFICATION DETAILS

                       

NAME:                          NINOS, ILIAS K., S.A.

ADDRESS:                   99A L. KATSONI                                           

                                    18344 MOSCHATO                                           

                                    ATTIKI                                                   

                                    GREECE                                                   

 

TELEPHONE:                30  2109409594                                           

                                    30  2109404042                                           

                                    30  2109480643                                           

TELEFAX:                     30  2109404044                                           

E-MAIL:                        ninosnut@otenet.gr                                          

 

ANY AMOUNTS HEREAFTER ARE IN EURO UNLESS OTHERWISE STATED

 

 

SENIOR COMPANY PERSONNEL

 

Maria Ios. Missailidou
member
 
Haidi-Anna Ili. Ninou
member
 
Konstantinos Ili. Ninos
chairman
shareholder
 
Takvor And. Ovakimian
member
shareholder
 
Konstantinos Ili. Ninos
chief executive
shareholder
 
Tilemachos Geo. Patounas
vice-chairman
shareholder

  

WORKFORCE

 

EMPLOYS: 6 as at Dec 31, 2009 including 0 part-time staff.
The number of employees varies according to needs.
The number of employees peaks to 6.

 

 

PAYMENTS

 

EXP. DATE  PAYING RECORD HIGH CREDIT NOW OWES  PAST DUE TERM     LAST SALE     

8/9/2011      PROMPT                 5,553                0               0                30                8/6/2011

 

Informants report that subject's payments are prompt.

 

 

BANKERS

 

Alpha Bank A.E., Agora Branch branch., 9 Theatrou Sq, Athens 10552,
Greece.
Telephone: 30 2103247114
 
National Bank of Greece S.A., Moschato Branch branch., 88 Makrygianni,
Moschato 18345, Greece.
Telephone: 30 2104895600
 
Emporiki Bank, Kaminia Branch branch., 61 Athinon & Ipeirou, Piraeus
18540, Greece.
Telephone: 30 2104173935
 
Bank of Cyprus Ltd, Moschato Branch branch., 1 Peiraios & Kifissou Ave,
Moschato 18346, Greece.
Telephone: 30 2104819226

 

 

FINANCIALS

 

                                       Fiscal           Fiscal          Fiscal
                                  Dec 31,2008      Dec 31,2009     Dec 31,2010
Turnover                            3,814,040        4,582,387       4,834,010
Pre-Tax Profit                        155,319          364,217         392,054
Net Worth                             483,848          497,518         503,925
Fixed Assets                           15,113            9,080           3,731
Total Assets                        2,077,974        2,540,835       2,435,763
Current Assets                      2,054,061        2,524,470       2,426,441
Current Liabilities                 1,545,727        2,043,317       1,931,838
Working Capital                       508,334          481,153         494,603
Long Term Debt                         48,400                 
Financial Assets                        4,061            4,241           4,241
Intangibles                             4,740            3,045           1,351
Employees                                                    6               6
 
Net Worth and Total Assets are tangible figures shown after the deduction of 
intangible assets. 
 
Ratios
                                  Dec 31,2008      Dec 31,2009     Dec 31,2010
Current Ratio (X)                        1.33             1.24            1.26
Solvency Ratio (%)                     429.47           510.70          483.36
Fixed Assets/Net Worth (%)               3.12             1.83            0.74
Current Liabs/Net Worth (%)            319.47           410.70          383.36
Asset Turnover (%)                     183.55           180.35          198.46
Sales / Net Working Cap (X)              7.50             9.52            9.77
Assets / Sales (%)                      54.48            55.45           50.39
Profit Margin (%)                        4.07             7.95            8.11
S/holders Return (%)                    32.10            73.21           77.80
Return On Assets (%)                     7.47            14.33           16.10
Sales / Employees                        0.00       763,731.17      805,668.33
Profit / Employees                       0.00        60,702.83       65,342.33
 
     Abstract from individual fiscal balance sheet as at Dec 31, 2010 
 
             LIABILITIES                             ASSETS                        
Capital                        300,000   Land/Buildings                 103,614
Retained Profits                    22   Depreciation                    99,883
Misc Reserves                  203,903   Total Fixed Ass                  3,731
Net Worth                      503,925                     
                                         Misc Fin'cl Ass                  4,241
                                         Total Fin'cl Ass                 4,241
 
                                         Misc Intangible                  1,351
                                         Total Intangible                 1,351
 
     CURRENT LIABILITIES:                         CURRENT ASSETS:               
Trade Creditors                488,958   Stock                          548,460
Short term Loans             1,049,821   Trade Debtors                1,734,487
Proposed Dividends             206,500   Misc Debtors                     1,833
Misc Current Liabs             186,559   Cash                           141,660
 
TOTAL CURRENT                1,931,838   TOTAL CURRENT                2,426,440
 
TOTAL LIABS & NW             2,435,763   TOTAL ASSETS                 2,435,763
 
             Profit & Loss Account from Jan 1, 2010 to Dec 31, 2010                
 
             Net Sales                             4,834,010
             Cost of Goods Sold                    4,032,739
 
             Gross Profit                            801,271
             Misc Operating Charges                  324,428
             Misc Operating Income                       152
 
             Net Operating Income                    476,995
             Misc Financial Income                    11,630
             Total Financial Income                   11,630
 
             Interest Payable                         56,334
             Misc Financial Expenses                  40,236
             Total Financial Expenses                 96,570
 
             Profit Before Taxes                     392,055
             Income Tax                               95,587
 
             Profit After Tax                        296,468
 
             Net Profit                              296,468
 
             Dividends                               206,500
             Retained Earnings at End               -206,500

 

 

LEGAL STATUS

 

Societe anonyme registered on Apr 11, 2000 for a period ending Dec 31,2020.
Registration Number: 045752
Government Gazette Number: 02623 / 2000
Chamber of Commerce Number: 97824
Tax Registration Number: 095460628
Established following a change of the legal status of a firm originally founded in 1978. SUPPLEMENTARY DATA ON THE ABOVEMENTIONED EVENTS PUBLISHED IN THE GOV.GAZ.: According to the Gov.Gaz. 2623/2000 subject was established following the change in the legal status of the firm NINOS E. K. LTD which
was established in 1989.

 

 

CAPITAL DETAILS

 

Nominal capital: 300,000. Issued capital: 300,000.

Issued/paid-up capital was last increased on Aug 7, 2002.

 

Nominal capital is divided into:

10,000 shares of 30 each and fully paid-up.

 

SHAREHOLDERS

 

Tilemachos Patounas holds       24.00% of the voting capital.

Konstantinos Ninos holds           24.00% of the voting capital.

Ilias-Michail Ninos holds             24.00% of the voting capital.

Takvor Ovakimian holds              24.00% of the voting capital.

Zoi Missailidou holds                  4.00% of the voting capital.

 

 

LINKED COMPANIES

 
The following are related through principal(s) and/or financial
interest(s):
OVAKIMIAN S.A. Societe Anonyme, Aspropyrgos, Greece Year started: 1987.
This concern is related through common shareholders.
STAFIDEMPORIKI S.A. Societe Anonyme, Aspropyrgos, Greece
This is a dormant concern.
Year started: 1990.
This concern is related through common shareholders.
OVAKIMIAN LTD Limited Liability Company
This is a dormant concern.
Year started: 1985.
This concern is related through common shareholders.
OVAKIMIAN, T., - CH. SEROPIAN E.E. Limited Partnership, Piraeus, Greece
This is a dormant concern.
Year started: 1989.
This concern is related through common shareholders.
MISSAILIDOU ZOI Sole Proprietorship, Nea Smyrni, Greece
This is a dormant concern.
Year started: 1988.
This concern is related through common shareholders.

 

 

ACTIVITIES

 

Local Activity Code:                 4631
Local Activity Code Type:         STAKOD
Equivalent to:                          NACE 1
 
Wholesales fresh fruits and vegetables
 
Representations, exclusive imports and wholesale trade of nuts and dried fruit , Subject distributes its goods by wholesale all over Greece.

Subject reportedly acts as agents for:
 
France Prune, France
Ugur, Turkey
Kirici Turkey, Turkey
Wilbur Packaging Company, U S A
Amar Singh, India
 

 

IMPORTS

 

Imports 85% from China, France, India, Netherlands, Spain, Switzerland, Thailand, Turkey, U K, U S A
Normal importing terms are open account

 

EXPORTS

 

Exports 3% to Cyprus
Normal exporting terms are cash against documents

 

 

PREMISES / REAL ESTATE

 

Operates from rented warehouse, covering approximately 400 square metres at heading address.

 

 

BRANCHES

 

Subject has 1 branches/divisions

103 L. Katsoni, 18344, Moschato, Greece. These are rented office

premises. Size: 100 square metres.

 

 

GENERAL COMMENTS 

 

Financial statement obtained from subject on May 11, 2011.
 
Please note that the subject confirmed general details in this report.
 
local informants stated that:
 
Subject is a trading firm that is activated in food products sector.
 
Noted that for distribution of its goods subject uses 3 owned
trucks. SUPPLEMENTARY DATA ON THE ABOVEMENTIONED EVENTS PUBLISHED IN THE GOV.GAZ. 
:According to the Gov. Gaz. 2623/2000 subject was established following the change in the legal status of the firm NINOS E.K.LTD which was established in 1989.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.83

UK Pound

1

Rs.79.42

Euro

1

Rs.65.90

 

 

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.