MIRA INFORM REPORT

Report Date :

07.03.2012

IDENTIFICATION DETAILS

Name :	PIPERIS CHRISTOS 'GOLDEN CARPET'

Formerly Known As :	PIPERIS CHRISTOS

Registered Office :	96 Stadiou, 24100 Kalamata, Messinia

Country :	Greece

Date of Incorporation :	01.01.1990

Legal Form :	Proprietorship Concern

Line of Business :	Subject operate miscellaneous retail stores

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

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^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

CONCERN NAME

PIPERIS CHRISTOS 'GOLDEN CARPET'

Customer Reference: Normal 171156

IDENTIFICATION DETAILS

(FORMER NAME: PIPERIS CHRISTOS)

ADDRESS: 96 STADIOU

24100 KALAMATA

MESSINIA

GREECE

TELEPHONE: 30 6977643362

30 2693023836

30 2610522280

E-MAIL ADDRESS: magkaiver_4@yahoo.com

WEB-SITE: Not Applicable

SENIOR CONCERN PERSONNEL

Christos Sta. Piperis

proprietor

PAYMENTS

No information is available regarding the subject’s payment behaviour.

BANKERS

Alpha Bank A.E., Argos Branch branch., Ag. Petros Sq, Argos 21200,

      Greece.

      Telephone: 30 2751061813

Alpha Bank A.E., Argos Branch branch., Ag. Petros Sq, Argos 21200,

      Greece.

      Telephone: 30 2751061813

Emporiki Bank, Kato Achaia Branch branch., 1 Dimokratias Sq, Kato

      Achaia 25200, Greece.

     Telephone: 30 2693025250

Emporiki Bank, Kato Achaia Branch branch., 1 Dimokratias Sq, Kato

      Achaia 25200, Greece.

      Telephone: 30 2693025250

LEGAL STATUS

BACKGROUND

Business started Jan 1, 1990.

LEGAL FORM

Proprietorship registered on Jan 1, 1990 for a period ending Dec 31, 9999.

Tax Registration Number: 044113920

Subject's name was changed from 'PIPERIS CHRISTOS'.

Subject changed its distinctive title form 'GOLDEN PEPPER' to the above mentioned.

CAPITAL DETAILS

As a sole proprietorship, no capital information is available.

ACTIVITIES

Local Activity Code:                 4778

Local Activity Code Type:         STAKOD

Equivalent to:                          NACE 1

Operates miscellaneous retail stores

General trade, Subject distributes its goods by wholesale throughout

Greece. Details regarding subject's clientele are not available.

Subject does not export.

Imports 70% from Belgium, China, Germany, India, Italy

Normal importing terms are open account

PREMISES / REAL ESTATE

Operates from rented warehouse, at heading address.

REGISTERED OFFICE: At heading address.

BRANCHES

Subject has 2 branches/divisions as follows:

47 Ivota & Ethn. Antistasseos, 25200, Kato Achaia, Greece. These are owned office premises.

22 Patron-Pyrgou, 26500, Patra, Greece. These are rented office premises.

GENERAL COMMENTS

Subject is a firm which is engaged in general trade. Subject changed its distinctive title form 'GOLDEN PEPPER' to the above mentioned.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.50.03
UK Pound	1	Rs.79.32
Euro	1	Rs.66.02

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.