MIRA INFORM REPORT

Report Date :

13.01.2012

IDENTIFICATION DETAILS

Name :	PANEMBORIKI I. PSILIANOS & CO O.E.

Formerly Known As :	PSILIANOS, S., & CO O.E

Registered Office :	16 Iras, 17778 Tavros, Attiki

Country :	Greece

Date of Incorporation :	03.06.2009

Legal Form :	General partnership

Line of Business :	Wholesales groceries and related products

No. of Employees :	6

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Small Company

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 30^th, 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

PANEMBORIKI I. PSILIANOS & CO O.E.
Icon no: 216583

IDENTIFICATION DETAILS

Current name : PANEMBORIKI I. PSILIANOS & CO O.E

(FORMER NAME: PSILIANOS, S., & CO O.E.)

ADDRESS: 16 IRAS

17778 TAVROS

ATTIKI

GREECE

TELEPHONE: 0030 2103212103

TELEFAX: 0030 2103210428

E-MAIL ADDRESS: info@panemboriki.gr

ANY AMOUNTS HEREAFTER ARE IN EURO UNLESS OTHERWISE STATED

SENIOR COMPANY PERSONNEL

Ioannis Ste. Psilianos

administrator

partner

Elissavet-Eleni Ste. Psilianou

administrator

partner

WORKFORCE

EMPLOYS: 6 as at Jan 10, 2012

PAYMENTS

Informants report that subject's payments are prompt.

BANKERS

Non retrievable

FINANCIALS

Sales turnover 31.12,2011 EUR 730,000.

Sales turnover 31.12.2010 EUR 554,000.

LEGAL STATUS

Business started Jun 3, 2009.

General partnership registered on Jun 3, 2009 for a period ending Dec 31, 9999.

Tax Registration Number: 998345940

Subject's name was changed from 'PSILIANOS, S & CO O.E.

On 01.01.2012, subject's title changed from PSILIANOS, S & CO O.E. to PANEMBORIKI I. PSILIANOS & CO O.E

REGISTERED OFFICE: At heading address.

CAPITAL DETAILS

Paid-up capital: 250,000.

SHAREHOLDERS

Ioannis Psilianos holds 75.00% of the voting capital.

Elissavet-Eleni Psilianou holds 25.00% of the voting capital.

LINKED COMPANIES

The following are related through principal(s) and/or financial interest(s):

PSILIANOU, E., & CO O.E. 'BAHARAT' General Partnership, Kifissia, Greece

Year started: 2010.

This concern is related through common shareholders.

ACTIVITIES

Local Activity Code:                 4637

Local Activity Code Type:     STAKOD

Equivalent to:                          NACE 1

Wholesales groceries and related products

Operates grocery stores

Imports and trade of spices and herbs

IMPORTS

Imports 85% from China, Egypt, India, Spain, Sri Lanka, Turkey

Normal importing terms are cash against documents

EXPORTS

Subject does not export.

PREMISES / REAL ESTATE

Operates from rented warehouse, covering approximately 600 square metres at heading address.

GENERAL COMMENTS

Subject is a family-run trading firm that is active in the sector of Trade (Food Products). On 01.01.2012, subject's title changed from (PSILIANOS, S., & CO O.E.) to PANEMBORIKI I. PSILIANOS & CO O.E.

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.