MIRA
INFORM REPORT
|
Name :
|
A. EPIPHANIOU INDUSTRIES LIMITED
|
|
|
|
|
Registered Office :
|
42 Iapetou, Industrial Area,
Agios Athanasios, Limassol
|
|
|
|
|
Country :
|
Cyprus
|
|
|
|
|
Financials (as on) :
|
December 2011
|
|
|
|
|
Date of Incorporation :
|
24.10.1975
|
|
|
|
|
Com. Reg. No.:
|
C7496
|
|
|
|
|
Legal Form :
|
Limited
Company
|
|
|
|
|
Line of Business :
|
Manufacturer of wire products
|
|
|
|
|
No. of Employees :
|
39 (Company)
100 (Group)
|
|
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 – June 30th, 2012
|
Country Name
|
Previous Rating
(31.03.2012)
|
Current Rating
(30.06.2012)
|
|
Cyprus
|
B1
|
B1
|
|
Risk Category
|
ECGC
Classification
|
|
Insignificant
|
A1
|
|
Low
|
A2
|
|
Moderate
|
B1
|
|
High
|
B2
|
|
Very High
|
C1
|
|
Restricted
|
C2
|
|
Off-credit
|
D
|
CypRus - ECONOMIC OVERVIEW
The area of the Republic
of Cyprus under government
control has a market economy dominated by the service sector, which accounts
for four-fifths of GDP. Tourism, financial services, and real estate are the
most important sectors. Erratic growth rates over the past decade reflect the
economy's reliance on tourism, the profitability of which often fluctuates with
political instability in the region and economic conditions in Western Europe. Nevertheless, the economy in the area
under government control has grown at a rate well above the EU average since
2000. Cyprus
joined the European Exchange Rate Mechanism (ERM2) in May 2005 and adopted the
euro as its national currency on 1 January 2008. An aggressive austerity
program in the preceding years, aimed at paving the way for the euro, helped
turn a soaring fiscal deficit (6.3% in 2003) into a surplus of 1.2% in 2008,
and reduced inflation to 4.7%. This prosperity came under pressure in 2009, as
construction and tourism slowed in the face of reduced foreign demand triggered
by the ongoing global financial crisis. Although Cyprus lagged behind its EU
peers in showing signs of stress from the global crisis, the economy tipped
into recession in 2009, contracting by 1.7%, and has been slow to bounce back
since, posting an anemic growth rate of 1.0% in 2010. A massive munitions blast
in July 2011 at a Cypriot naval base triggered country-wide energy outages, a
collapse of the governing coalition, and a cabinet shuffle intensifying Cyprus's
economic problems. The economy experienced no economic growth in 2011. Serious
Cypriot financial sector problems surfaced in early 2011 as the Greek fiscal
crisis and euro zone debt crisis deepened. Two of Cyprus's
biggest banks are among the largest holders of Greek bonds in Europe and have a
substantial presence in Greece
through bank branches and subsidiaries. A liquidity squeeze is choking the
financial sector and the real economy as many global investors doubt the
Cypriot economy can weather the EU crisis. Cyprus's borrowing costs have risen
steadily because of its exposure to Greek debt. The budget deficit is on the
rise and reached 7.4% of GDP in 2011, a violation of the EU's budget deficit
criteria - no more than 3% of GDP. In response to the country's deteriorating
finances and serious risk of contagion from the Greek debt crisis, Nicosia is promising to
implement measures to cut the cost of the state payroll, curb tax evasion, and
revamp social benefits. However, it has been slow to act, lacking a consensus
in parliament and among the social partners for its proposed measures.
Basic
Information
|
|
|
Registered
Name
|
A. EPIPHANIOU INDUSTRIES LIMITED
|
|
English
Name
|
A. EPIPHANIOU INDUSTRIES LIMITED
|
|
Registered
Address
|
42 Iapetou, Industrial Area,
Agios Athanasios, Limassol,
Cyprus
|
|
Headquarters:
|
42 Iapetou, Agios Athanasios, PoBox 54292, Limassol, Cyprus
|
|
Telephone
|
+35725811144 / +35725811196 /
+35777771145 / +35799635882
|
|
Fax
|
+35725720021
|
|
E-mail
|
epiphaniou@cytanet.com.cy , info@epiphaniou-group.com
|
|
Web
Site
|
http://www.epiphaniou-group.com
|
|
Legal
Type
|
Limited Company
|
|
Registration
No
|
C7496
|
Registration
Date
|
24/10/1975
|
|
Start
Date
|
24/10/1975
|
Years
of Operation:
|
37
|
|
Last
annual report
|
14/07/2006
|
Latest
Annual Account Date
|
01/12/2011
|
|
Last
return
|
23/01/2009
|
Tax
Reg No:
|
VAT:CY10007496X
|
|
CINFO
ID:
|
CYC11569507
|
|
|
|
|
Summary
|
Employees
|
October 2012
|
|
|
|
|
Company
|
Group
|
|
|
|
|
|
Total Number
|
39
|
100
|
|
|
|
|
|
|
|
|
|
Financial Summary
|
December
2011
|
December
2010
|
December
2009
|
|
|
EUR
|
EUR
|
EUR
|
|
Revenue Sales
|
5864607.00
|
6129256.00
|
6156363.00
|
|
Pre Tax Profit
|
-455262.00
|
-97880.00
|
-250287.00
|
|
Working Capital
|
923251.00
|
1303179.00
|
1189840.00
|
|
Total Equity
|
2386927.00
|
2824009.00
|
3089317.00
|
|
Long Term Debts
|
628205.00
|
653878.00
|
627455.00
|
|
Trend
|
-
|
EVEN
|
-
|
|
Additional Info:
|
|
Auditors:
PRICEWATERHOUSECOOPERS LIMITED (c/o: Mr Stelios Constantinou), 6, Karaiskaki,
City House,3032, PO Box
53034,3300, Limassol
Solicitors: KOSTAS INDIANOS, 38 Kosta Partasidi, flat: 16, 3030,
Limassol Cyprus
|
Payment
|
|
|
|
Assessment:
|
Above Average Risk
|
|
Payment Habits:
|
NO COMPLAINTS
|
A check against all available
information sources revealed that no late payment incidents against Subject
Company exist.
|
|
Commercial morality
|
Good
|
|
|
Financial strength
|
Moderate
|
|
|
Business history
|
Date
|
Event Name
|
Old Value
|
New Value
|
|
01/01/2008
|
Authorized Capital Changed
|
200000.00 CYP
|
342000.00 EUR
|
|
01/01/2008
|
Paid Up Capital Changed
|
200000.00 CYP
|
342000.00 EUR
|
|
01/01/2008
|
Nominal Values of Shares
Changed
|
1.00 CYP
|
1.71 EUR
|
|
24/03/1993
|
Change of name
|
OERLIKON ELECTRODES LIMITED
|
A. EPIPHANIOU INDUSTRIES
LIMITED
|
|
20/12/1983
|
Authorized Capital Increased
|
150000.00 CYP
|
200000.00 CYP
|
|
20/12/1983
|
Nominal number of shares
Changed
|
150000
|
200000
|
|
27/02/1979
|
Authorized Capital Increased
|
40000.00 CYP
|
150000.00 CYP
|
|
|
|
|
|
|
|
Previous history
|
Headquarters
|
From:
|
To:
|
|
28 Oktovriou, Mediterranean Court,
Limassol, , Cyprus,
|
24/10/1975
|
28/07/1987
|
Capital
|
Authorized Capital
|
342,000.00
|
EUR
|
Issued Capital
|
0.00
|
EUR
|
|
Nominal No Of Shares
|
200,000.00
|
|
Issued No Of Shares
|
200,000.00
|
|
|
Nominal value
|
1.71
|
EUR
|
Paid Up
|
342,000.00
|
EUR
|
Corporate structure
|
Directors
|
Position
|
Acts As
|
ID
|
Occupation
|
Age
|
Appointed
|
Other dir.
|
|
|
|
|
|
|
EPIFANIOU NICOLAS
|
|
Director
|
|
731670(ID)
|
Director
|
41
|
20/10/1995
|
Yes
|
|
|
Georgiou A'. Anna Court, Block A, Apt. 7,
Germasogeia, Limassol, Cyprus
|
|
Other Directorship:
|
|
|
|
|
Name
|
|
Registration Date
|
Reg. No.
|
Status
|
Position
|
Update Date
|
|
|
ECHINOPS SERVICES LTD
|
|
11/11/2011
|
C296714
|
Registered and operational
|
Director / Secretary
|
12/07/2012
|
|
|
ECHINOPS LIMITED
|
|
10/10/2005
|
C166463
|
Registered and operational
|
Director
|
21/10/2011
|
|
|
A. EPIPHANIOU TRADING LIMITED
|
|
07/10/1989
|
C37559
|
Registered and operational
|
Director
|
25/05/2011
|
|
|
LORDOS & EPIPHANIOU
ESTATES & CONSTRUCTIONS LIMITED
|
|
13/07/1978
|
C11243
|
Registered and operational
|
Director / Secretary
|
07/12/2010
|
|
|
|
|
|
|
|
Other Shareholding:
|
|
|
|
|
Name
|
|
Registration Date
|
Reg. No.
|
Status
|
%
|
Update Date
|
|
|
ECHINOPS SERVICES LTD
|
|
11/11/2011
|
C296714
|
Registered and operational
|
50
|
12/07/2012
|
|
|
LORDOS & EPIFANIOU
LIMITED
|
|
12/12/1970
|
C3366
|
Registered and operational
|
14.7
|
13/09/2010
|
|
|
A. EPIPHANIOU TRADING LIMITED
|
|
07/10/1989
|
C37559
|
Registered and operational
|
10
|
25/05/2011
|
|
|
LORDOS & EPIPHANIOU
ESTATES & CONSTRUCTIONS LIMITED
|
|
13/07/1978
|
C11243
|
Registered and operational
|
3
|
18/06/2009
|
|
|
UNITED HOTELS (LORDOS)
LIMITED
|
|
15/06/1976
|
C8088
|
Registered and operational
|
0.70922
|
04/05/2009
|
|
|
|
|
|
EPIPHANIOU MARINA
|
|
Director
|
|
771697(ID)
|
Businesswoman
|
37
|
25/11/2000
|
No
|
|
28 Oktovriou, Anna Court, Apt. F7, Limassol, Cyprus
|
|
Other Directorship:
|
|
No Information Found
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Shareholding:
|
|
|
|
|
Name
|
|
Registration Date
|
Reg. No.
|
Status
|
%
|
Update Date
|
|
|
LORDOS & EPIFANIOU
LIMITED
|
|
12/12/1970
|
C3366
|
Registered and operational
|
14.7
|
25/06/2012
|
|
|
A. EPIPHANIOU TRADING
LIMITED
|
|
07/10/1989
|
C37559
|
Registered and operational
|
10
|
13/09/2010
|
|
|
INTERYACHTING LIMITED
|
|
19/02/1996
|
C77091
|
Registered and operational
|
5.00041
|
31/12/2009
|
|
|
LORDOS & EPIPHANIOU
ESTATES & CONSTRUCTIONS LIMITED
|
|
13/07/1978
|
C11243
|
Registered and operational
|
3
|
18/06/2009
|
|
|
UNITED HOTELS (LORDOS)
LIMITED
|
|
15/06/1976
|
C8088
|
Registered and operational
|
0.70922
|
18/10/2011
|
|
|
|
|
|
|
|
|
|
EPIPHANIOU ATHINA
|
|
Director
|
|
731702(ID)
|
Director
|
42
|
31/05/1992
|
Yes
|
|
28 Oktovriou, Anna Court, Apt. 7, Limassol,
3035, Cyprus
|
|
Other Directorship:
|
|
|
|
|
Name
|
|
Registration Date
|
Reg. No.
|
Status
|
Position
|
Update Date
|
|
|
A. EPIPHANIOU TRADING
LIMITED
|
|
07/10/1989
|
C37559
|
Registered and operational
|
Director
|
13/09/2010
|
|
|
|
|
|
|
|
|
|
Other Shareholding:
|
|
|
|
|
Name
|
|
Registration Date
|
Reg. No.
|
Status
|
%
|
Update Date
|
|
|
LORDOS & EPIFANIOU
LIMITED
|
|
12/12/1970
|
C3366
|
Registered and operational
|
14.7
|
25/06/2012
|
|
|
A. EPIPHANIOU TRADING
LIMITED
|
|
07/10/1989
|
C37559
|
Registered and operational
|
10
|
13/09/2010
|
|
|
INTERYACHTING LIMITED
|
|
19/02/1996
|
C77091
|
Registered and operational
|
4.99995
|
31/12/2009
|
|
|
LORDOS & EPIPHANIOU
ESTATES & CONSTRUCTIONS LIMITED
|
|
13/07/1978
|
C11243
|
Registered and operational
|
3
|
18/06/2009
|
|
|
UNITED HOTELS (LORDOS)
LIMITED
|
|
15/06/1976
|
C8088
|
Registered and operational
|
0.70922
|
18/10/2011
|
|
|
|
|
EPIFANIOU N. ANDREAS
|
|
Director
|
|
112242(ID)
|
Businessman
|
69
|
24/10/1975
|
Yes
|
|
28 Oktovriou, Anna Court, Apt. F7, Limassol,
3035, Cyprus
|
|
|
Secretary
|
Position
|
Acts As
|
ID
|
Occupation
|
Age
|
Appointed
|
Other dir.
|
|
|
|
|
|
EPIFANIOU NICOLAS
|
|
Company Secretary
|
|
731670(ID)
|
Director
|
41
|
20/10/1995
|
Yes
|
|
|
Georgiou A'. Anna Court,
Block A, Apt. 7,
Germasogeia, Limassol, Cyprus
|
|
|
|
Other Directorship:
|
|
|
|
|
Name
|
|
Registration Date
|
Reg. No.
|
Status
|
Position
|
Update Date
|
|
|
ECHINOPS SERVICES LTD
|
|
11/11/2011
|
C296714
|
Registered and
operational
|
Director / Secretary
|
12/07/2012
|
|
|
ECHINOPS LIMITED
|
|
10/10/2005
|
C166463
|
Registered and
operational
|
Director
|
21/10/2011
|
|
|
A. EPIPHANIOU TRADING
LIMITED
|
|
07/10/1989
|
C37559
|
Registered and
operational
|
Director
|
25/05/2011
|
|
|
LORDOS & EPIPHANIOU
ESTATES & CONSTRUCTIONS LIMITED
|
|
13/07/1978
|
C11243
|
Registered and
operational
|
Director / Secretary
|
07/12/2010
|
|
|
|
|
|
|
|
|
|
Other Shareholding:
|
|
|
|
|
Name
|
|
Registration Date
|
Reg. No.
|
Status
|
%
|
Update Date
|
|
|
ECHINOPS SERVICES LTD
|
|
11/11/2011
|
C296714
|
Registered and
operational
|
50
|
12/07/2012
|
|
|
LORDOS & EPIFANIOU
LIMITED
|
|
12/12/1970
|
C3366
|
Registered and
operational
|
14.7
|
13/09/2010
|
|
|
A. EPIPHANIOU TRADING
LIMITED
|
|
07/10/1989
|
C37559
|
Registered and
operational
|
10
|
25/05/2011
|
|
|
LORDOS & EPIPHANIOU
ESTATES & CONSTRUCTIONS LIMITED
|
|
13/07/1978
|
C11243
|
Registered and
operational
|
3
|
18/06/2009
|
|
|
UNITED HOTELS (LORDOS)
LIMITED
|
|
15/06/1976
|
C8088
|
Registered and
operational
|
0.70922
|
04/05/2009
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shareholders
|
ID / Reg. No.
|
Acts As
|
Nationality
|
Shares
|
%
|
Shares Breakdown
|
Class
|
Type
|
|
|
|
EPIFANIOU N. ANDREAS
|
|
112242(ID)
|
|
CYPRIOT
|
36000
|
18
|
|
|
28 Oktovriou, Anna Court, Apt. F7, Limassol,
3035, Cyprus
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Directorship:
|
|
|
|
|
Name
|
|
Registration Date
|
Reg. No.
|
Status
|
Position
|
Update Date
|
|
|
OSMACO MARKETING (LIMASSOL)
LIMITED
|
*
|
25/10/1995
|
C74638
|
Dissolved
|
Director
|
20/08/2012
|
|
|
CYTRUSTEES INVESTMENT PUBLIC
COMPANY LIMITED
|
|
30/04/1990
|
C39918
|
Registered and operational
|
Director
|
19/07/2012
|
|
|
EPIPHANIOU PROPERTIES LIMITED
|
|
01/02/2008
|
C221420
|
Registered and operational
|
Director
|
14/09/2011
|
|
|
FANOS N. EPIFANIOU KAI
ADELFOI LIMITED
|
|
19/07/1988
|
C32640
|
Registered and operational
|
Director
|
14/09/2011
|
|
|
PHANOS EPIPHANIOU HOLDINGS
LIMITED
|
|
08/03/2000
|
C109651
|
Registered and operational
|
Director
|
05/04/2011
|
|
|
DOMOPLEX LIMITED
|
|
02/02/1983
|
C18971
|
Registered and operational
|
Director
|
04/04/2011
|
|
|
HYDROTHERM COMPANY LIMITED
|
|
12/08/1977
|
C9823
|
Registered and operational
|
Director
|
30/03/2011
|
|
|
CYLIFT & EQUIPMENT
LIMITED
|
|
08/12/1998
|
C98939
|
Registered and operational
|
Director
|
24/03/2011
|
|
|
KYKAN LTD
|
|
12/01/2010
|
C260659
|
Registered and operational
|
Director
|
24/03/2011
|
|
|
FANOS N. EPIFANIOU D.E. LTD
|
|
15/04/1968
|
C2086
|
Registered and operational
|
Director
|
15/12/2010
|
|
|
Note: In order to view a full list please order a
directorship report.
|
|
|
|
|
Other Shareholding:
|
|
|
|
|
Name
|
|
Registration Date
|
Reg. No.
|
Status
|
%
|
Update Date
|
|
|
EPIPHANIOU PROPERTIES LIMITED
|
|
01/02/2008
|
C221420
|
Registered and operational
|
100
|
14/09/2011
|
|
|
PHANOS N. EPIPHANIOU
(INVESTMENTS) LIMITED
|
|
15/04/2006
|
C175134
|
Registered and operational
|
80
|
02/10/2009
|
|
|
FANOS N. EPIFANIOU KAI ADELFOI
LIMITED
|
|
19/07/1988
|
C32640
|
Registered and operational
|
25
|
14/09/2009
|
|
|
PHANOS EPIPHANIOU HOLDINGS
LIMITED
|
|
08/03/2000
|
C109651
|
Registered and operational
|
20
|
05/04/2011
|
|
|
FAMA MARINA LIMITED
|
|
03/10/2003
|
C141724
|
Registered and operational
|
2.85714
|
08/07/2008
|
|
|
DOMOPLEX LIMITED
|
|
02/02/1983
|
C18971
|
Registered and operational
|
2.62844
|
07/05/2009
|
|
|
ATHLITIKO KENTRO ANTONIS
PAPADOPOULOS AMMOCHOSTOS DIMOSIA LIMITED
|
|
25/11/2003
|
C143369
|
Registered and operational
|
0.00049
|
09/06/2009
|
|
|
FANOS N. EPIFANIOU D.E. LTD
|
|
15/04/1968
|
C2086
|
Registered and operational
|
0
|
01/08/2011
|
|
|
Other Directorship:
|
|
|
|
|
Name
|
|
Registration Date
|
Reg. No.
|
Status
|
Position
|
Update Date
|
|
|
KYKAN LTD
|
|
12/01/2010
|
C260659
|
Registered and operational
|
Director
|
20/08/2012
|
|
|
EMPORIKON KAI VIOMICHANIKON
EPIMELITIRION AMMOCHOSTOU
|
|
25/01/1952
|
C504
|
Registered and operational
|
Director
|
29/05/2012
|
|
|
EPIPHANIOU SCRAP METAL
LIMITED
|
|
21/11/1967
|
C1965
|
Registered and operational
|
Director
|
12/03/2012
|
|
|
LORDOS & EPIPHANIOU
ESTATES & CONSTRUCTIONS LIMITED
|
|
13/07/1978
|
C11243
|
Registered and operational
|
Director
|
15/02/2012
|
|
|
FANOS N. EPIFANIOU KAI
ADELFOI LIMITED
|
|
19/07/1988
|
C32640
|
Registered and operational
|
Director
|
14/09/2011
|
|
|
ECO BEST (CYPRUS)
LIMITED
|
|
29/08/2007
|
C206631
|
Registered and operational
|
Director
|
09/08/2011
|
|
|
DOMOPLEX LIMITED
|
|
02/02/1983
|
C18971
|
Registered and operational
|
Director
|
04/04/2011
|
|
|
SIDEP LIMITED
|
|
14/06/2000
|
C112159
|
Registered and operational
|
Director
|
22/02/2011
|
|
|
A. EPIPHANIOU TRADING LIMITED
|
|
07/10/1989
|
C37559
|
Registered and operational
|
Director
|
13/09/2010
|
|
|
LORDOS & EPIFANIOU
LIMITED
|
|
12/12/1970
|
C3366
|
Registered and operational
|
Director / Secretary
|
13/09/2010
|
|
|
Note: In order to view a full list please order a
directorship report.
|
|
|
|
|
|
|
Other Shareholding:
|
|
|
|
|
Name
|
|
Registration Date
|
Reg. No.
|
Status
|
%
|
Update Date
|
|
|
LORDOS & EPIPHANIOU
ESTATES & CONSTRUCTIONS LIMITED
|
|
13/07/1978
|
C11243
|
Registered and operational
|
31
|
18/06/2009
|
|
|
FANOS N. EPIFANIOU KAI
ADELFOI LIMITED
|
|
19/07/1988
|
C32640
|
Registered and operational
|
25
|
14/09/2009
|
|
|
L.K.M. SERVUS DEVELOPMENTS
LTD
|
|
16/07/2007
|
C203947
|
Registered and operational
|
20
|
20/11/2009
|
|
|
EPIPHANIOU SCRAP METAL
LIMITED
|
|
21/11/1967
|
C1965
|
Registered and operational
|
20
|
12/03/2012
|
|
|
A. EPIPHANIOU TRADING LIMITED
|
|
07/10/1989
|
C37559
|
Registered and operational
|
15
|
13/09/2010
|
|
|
KAMARINO LTD
|
|
07/08/2006
|
C181649
|
Registered and operational
|
15
|
23/06/2011
|
|
|
LORDOS & EPIFANIOU
LIMITED
|
|
12/12/1970
|
C3366
|
Registered and operational
|
12.0375
|
12/06/2009
|
|
|
INTERYACHTING LIMITED
|
|
19/02/1996
|
C77091
|
Registered and operational
|
4.99995
|
31/12/2009
|
|
|
ENVIRONMENTAL ENERGY (D.P.L.)
LIMITED
|
|
04/02/1997
|
C83946
|
Registered and operational
|
0.00025
|
23/02/2012
|
|
|
|
|
|
Operations
|
Activity Code
|
Description
|
|
NACE 1.1
|
28.73
|
Manufacture of wire products
|
|
NACE 2.1
|
2593
|
Manufacture of wire products,
chain and springs - This class includes: - manufacture of metal cable,
plaited bands and similar articles - manufacture of uninsulated metal cable or
insulated cable not capable of being used as a conductor of electricity -
manufacture of coated or cored wire - manufacture of articles made of wire:
barbed wire, wire fencing, grill, netting, cloth etc. - coated electrodes for
electric arc-welding - manufacture of nails and pins - manufacture of springs
(except watch springs): > leaf springs, helical springs, torsion bar
springs > leaves for springs - manufacture of chain, except power
transmission chain - - This class excludes: - manufacture of clock or watch
springs, see 26.52 - manufacture of wire and cable for electricity
transmission, see 27.32 - manufacture of power transmission chain, see 28.15
|
|
US SIC 1987
|
1742
|
Plastering, drywall, acoustical
and insulation work
|
|
US SIC 1987
|
5031
|
Lumber, plywood, millwork, and
wood panels wholesale dealing in
|
|
|
|
Line of Business
|
|
The company in question is part
of Epiphaniou Group of Companies and it is specializing in the
manufacture of welding wires and welding electrodes.
The raw materials (iron and chemicals) that are used in the production
are imported as well.
Apart from the production of these products, the company imports and
sells to the Cyprus
market goods such as building materials, safety equipment, tools, netwires,
welding and cutting machines, fume extractions etc. In Cyprus subject is considered
to be a large concern in this field.
Reportedly subject has 15 vehicles; 6 vans, 5 saloon cars, 4 trucks,
which are used in the running of the Business.
|
|
|
|
|
|
|
|
|
|
|
|
Export to
|
Percentage
|
|
|
United Arab
Emirates, Greece,
Ireland, Lebanon, United Kingdom
|
5%
|
|
|
|
|
|
|
|
|
|
|
Export Terms
|
Percentage
|
|
|
Special agreements
|
|
100%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Import from
|
Percentage
|
|
|
Belgium,
Czech Republic,
China, France, Germany,
Greece, Italy, United
Kingdom, Hungary
|
90%
|
|
|
|
|
|
|
|
Import Terms
|
Percentage
|
|
|
Cash against documents
|
|
95%
|
|
|
Prepayment
|
|
5%
|
|
|
|
Market Territory
|
|
|
|
|
|
|
Local Presence:
|
95%
|
International Presence
|
5%
|
|
Sells To:
|
General Public, Group
Companies, Government Bodies
|
|
|
Suppliers - Agencies
|
|
|
Company Name
|
Country
|
Product
|
Description
|
|
|
VALI ZABAN
|
Italy
|
insulation materials
|
|
|
|
BAQOU INTESAFE
|
France
|
|
|
|
|
GASTON MILLE
|
France
|
|
|
|
|
|
|
|
|
|
Premises
|
|
|
|
|
|
|
|
|
|
|
Type
|
Headquarters
|
|
|
Address:
|
42 Iapetou, Agios Athanasios,
PoBox 54292, Limassol, Cyprus
|
|
|
Headquarters comprise of
|
Offices, Factory, Warehouse
|
|
|
Headquarters are
|
Owned
|
|
|
Size (sq m):
|
4500
|
|
|
|
|
|
|
Banks
|
|
|
BANK OF CYPRUS PUBLIC COMPANY LIMITED
|
|
|
51 Stasinou, Makedonitissa,
2415, Strovolos, Nicosia,
Cyprus
|
|
|
CYPRUS
POPULAR BANK PUBLIC CO LTD
|
|
|
39 Archiepiskopou Makariou C'
Avenue, 2025, Nicosia, Cyprus
|
|
|
HELLENIC BANK PUBLIC COMPANY LIMITED
|
|
|
200 Lemesou Avenue, & Athalassas Corner, Strovolos, 2025, Nicosia, Cyprus
|
|
|
KYPRIAKI TRAPEZA ANAPTYXEOS DIMOSIA ETAIREIA LIMITED
|
|
|
50 Archiepiskopou Makariou C'
Avenue, Alpha House, Nicosia,
Cyprus
|
|
|
EUROBANK CYPRUS LTD
|
|
|
41 Archiepiskopou Makariou C'
Avenue, Nicosia, 1065, Cyprus
|
|
|
|
|
|
|
|
Affiliates and Subsidiaries
|
Relation
|
Year
Reg.
|
|
|
A. EPIPHANIOU TRADING LIMITED
|
Affiliate
|
1989
|
|
|
42 Iapetou, Agios Athanasios,
4101, PoBox 54292,
Limassol, Cyprus
|
|
|
DOMOPLEX LIMITED
|
Affiliate
|
1983
|
|
|
19 Iapetou, Agios Athanasios,
4101, PoBox 54185,
Limassol, Cyprus
|
|
|
FAMA MARINA LIMITED
|
Affiliate
|
2003
|
|
|
Tzon Kennenty, Iris House,
3rd Floor, Limassol, 3106, Cyprus
|
|
|
ECO BEST (CYPRUS)
LIMITED
|
Subsidiary
|
2007
|
|
|
42 Iapetou, Agios Athanasios,
4101, Limassol, Cyprus
|
|
|
INTERYACHTING LIMITED Limited
|
Affiliated Company
|
|
|
|
|
|
|
CYLIFT & EQUIPMENT
LIMITED
|
Affiliated Company
|
|
|
|
|
|
|
CYTRACO MARKETING LIMITED
|
Affiliated Company
|
|
|
|
|
|
|
HYDROTHERM COMPANY LIMITED
|
Affiliated Company
|
|
|
|
|
|
|
L&K. E. BEST COOL LIMITED
|
Affiliated Company
|
|
|
|
|
|
|
ME. E. BEST COOL LIMITED
|
Affiliated Company
|
|
|
|
|
|
|
OSMACO MARKETING CO. LIMITED
|
Associated Company
|
|
|
|
|
|
|
P. & Z.E. BEST COOL
LIMITED
|
Affiliated Company
|
|
|
|
|
|
|
PHANOS N EPIPHANIOU BROS
LIMITED
|
Associated Company
|
|
|
|
|
|
|
SIDEP LIMITED
|
Affiliated Company
|
|
|
|
Charges
|
|
|
|
No
|
Date registered
|
Date prepared
|
Type
|
Description/No
|
Amount
|
Sequence
|
Beneficiary
|
|
1
|
29/04/2011
|
27/04/2011
|
Mortgage
|
Y3121/11
|
250,000.00 EUR
|
-
|
Bank of Cyprus Public Company
Limited
|
|
2
|
29/04/2011
|
27/04/2011
|
Mortgage
|
Y3120/11
|
250,000.00 EUR
|
-
|
Bank of Cyprus Public Company
Limited
|
|
3
|
31/05/2010
|
18/05/2010
|
Mortgage
|
Y5142/10
|
440,000.00 EUR
|
-
|
Bank of Cyprus Public Company
Limited
|
|
4
|
26/05/2010
|
21/05/2010
|
Floating Charge on all
Company's Assets
|
|
85,000.00 EUR
|
-
|
Cyprus Popular Bank Public Co Ltd
|
|
5
|
22/03/2010
|
16/03/2010
|
Floating Charge on all
Company's Assets
|
|
200,000.00 EUR
|
-
|
Eurobank Cyprus Ltd
|
|
6
|
26/11/2009
|
17/11/2009
|
Mortgage
|
Y9466/09
|
220,000.00 EUR
|
-
|
Bank of Cyprus Public Company
Limited
|
|
7
|
31/10/2007
|
25/10/2007
|
Floating Charge on all
Company's Assets
|
|
100,000.00 CYP
|
-
|
Cyprus Popular Bank Public Co Ltd
|
|
8
|
09/08/2007
|
30/07/2007
|
Mortgage
|
Y5395/07
|
95,000.00 CYP
|
-
|
Hellenic Bank Public Co.
Limited
|
|
9
|
23/12/2004
|
16/12/2004
|
Assignment of Buying-Selling
Contract
|
|
60,000.00 CYP
|
-
|
Bank of Cyprus Public Company
Limited
|
|
10
|
10/04/2001
|
28/03/2001
|
Fixed Charge on Company's
Assets
|
|
60,000.00 CYP
|
-
|
Cyprus Development Bank
Limited
|
|
11
|
30/10/2000
|
26/09/2000
|
Mortgage
|
Y6149/00
|
100,000.00 CYP
|
-
|
Bank of Cyprus Public Company
Limited
|
|
12
|
02/01/1997
|
13/12/1996
|
Floating Charge on all
Company's Assets
|
|
100,000.00 CYP
|
-
|
Bank of Cyprus Public Company
Limited
|
|
13
|
22/01/1996
|
07/12/1995
|
Fixed Charge on the Company's
Machinery
|
|
58,060.00 CYP
|
-
|
Bank of Cyprus Public Company
Limited
|
|
14
|
09/08/1995
|
08/08/1995
|
Mortgage
|
Y5653/95
|
30,000.00 CYP
|
-
|
Cyprus Development Bank
Limited
|
|
15
|
13/01/1993
|
12/01/1993
|
Fixed Charge on the Company's
Machinery and Equipment
|
|
200,000.00 CYP
|
-
|
Cyprus Development Bank
Limited
|
|
16
|
17/11/1992
|
02/11/1992
|
Fixed Charge on the Company's
Machinery
|
|
60,000.00 CYP
|
-
|
Bank of Cyprus Public Company
Limited
|
|
17
|
09/11/1990
|
08/11/1990
|
Mortgage
|
Y6856/90
|
100,000.00 CYP
|
-
|
Cyprus Development Bank
Limited
|
|
18
|
06/11/1990
|
02/11/1990
|
Floating Charge on all
Company's Assets
|
|
150,000.00 CYP
|
-
|
Cyprus Development Bank
Limited
|
|
19
|
01/02/1990
|
26/01/1990
|
Mortgage
|
Y503/90
|
50,000.00 CYP
|
-
|
Bank of Cyprus Public Company
Limited
|
|
20
|
05/10/1988
|
28/11/1988
|
Floating Charge on all
Company's Assets
|
|
50,000.00 CYP
|
-
|
Bank of Cyprus Public Company
Limited
|
|
21
|
04/05/1988
|
26/04/1988
|
Fixed Charge on Company’s
Equipment
|
|
6,000.00 CYP
|
-
|
Bank of Cyprus Public Company
Limited
|
|
22
|
08/12/1987
|
26/10/1987
|
Charge on the Debit Debenture
|
|
10,000.00 CYP
|
-
|
Bank of Cyprus Public Company
Limited
|
|
23
|
08/12/1987
|
26/10/1987
|
Fixed Charge on the Company's
Machinery
|
|
19,200.00 CYP
|
-
|
Bank of Cyprus Public Company
Limited
|
|
24
|
11/08/1986
|
18/07/1986
|
Fixed Charge on the Company's
Machinery
|
|
20,000.00 CYP
|
-
|
Bank of Cyprus Public Company
Limited
|
|
25
|
26/07/1986
|
15/07/1986
|
Mortgage
|
Y3801/86
|
270,000.00 CYP
|
-
|
Bank of Cyprus Public Company
Limited
|
|
26
|
28/02/1985
|
20/02/1985
|
Charge on the Debit Debenture
|
|
60,000.00 CYP
|
-
|
Bank of Cyprus Public Company
Limited
|
|
27
|
05/01/1984
|
29/12/1983
|
Fixed Charge on the Company's
Machinery
|
|
30,000.00 CYP
|
-
|
Bank of Cyprus Public Company
Limited
|
|
28
|
05/01/1984
|
29/12/1983
|
Fixed Charge on the Company's
Machinery
|
|
20,000.00 CYP
|
-
|
Bank of Cyprus Public Company
Limited
|
|
29
|
02/04/1982
|
23/03/1982
|
Mortgage
|
Y1196/82
|
10,000.00 CYP
|
-
|
Bank of Cyprus Public Company
Limited
|
|
30
|
22/07/1981
|
09/06/1981
|
Charge on the Debit Debenture
|
|
30,000.00 CYP
|
-
|
Bank of Cyprus Public Company
Limited
|
|
31
|
22/07/1981
|
09/06/1981
|
Fixed Charge on the Company's
Machinery
|
|
14,480.00 CYP
|
-
|
Bank of Cyprus Public Company
Limited
|
|
32
|
20/06/1981
|
12/06/1981
|
Mortgage
|
Y1872/81
|
50,000.00 CYP
|
-
|
Bank of Cyprus Public Company
Limited
|
|
33
|
14/04/1979
|
07/04/1979
|
Charge on the Debit Debenture
|
|
50,000.00 CYP
|
-
|
Bank of Cyprus Public Company
Limited
|
|
34
|
17/01/1978
|
28/12/1977
|
Charge on the Debit Debenture
|
|
50,000.00 CYP
|
-
|
Bank of Cyprus Public Company
Limited
|
|
35
|
17/01/1978
|
28/12/1977
|
Fixed Charge on the Company's
Machinery
|
|
7,050.00 CYP
|
-
|
Bank of Cyprus Public Company
Limited
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Number
|
Total Amount (EUR)
|
|
Mortgage
|
12
|
2,364,564.02
|
|
Floating Charge on all
Company's Assets
|
6
|
968,440.58
|
|
Assignment of Buying-Selling
Contract
|
1
|
102,516.09
|
|
Fixed Charge on Company's
Assets
|
1
|
102,516.09
|
|
Fixed Charge on the Company's
Machinery
|
8
|
390,910.92
|
|
Fixed Charge on the Company's
Machinery and Equipment
|
1
|
341,720.29
|
|
Fixed Charge on Company’s
Equipment
|
1
|
10,251.61
|
|
Charge on the Debit Debenture
|
5
|
341,720.29
|
|
TOTAL CHARGES
|
35
|
4,622,639.87
|
|
|
|
|
|
|
|
|
|
|
No
|
|
Date prepared
|
Date End
|
Type
|
Description/No
|
Amount
|
Sequence
|
Beneficiary
|
|
1
|
02/05/1980
|
25/04/1980
|
12/06/1981
|
Mortgage
|
Y1324/80
|
40,000.00 CYP
|
-
|
Bank of Cyprus Public Company
Limited
|
|
2
|
12/05/1978
|
28/12/1977
|
25/04/1980
|
Mortgage
|
Y3353/77
|
10,000.00 CYP
|
-
|
Bank of Cyprus Public Company
Limited
|
|
3
|
29/05/1976
|
28/05/1976
|
30/12/1983
|
Mortgage
|
Y809/76
|
14,000.00 CYP
|
-
|
Cyprus Development Bank
Limited
|
|
4
|
29/05/1976
|
28/05/1976
|
30/12/1983
|
Fixed Charge on the Company's Machinery and Equipment
|
|
14,000.00 CYP
|
-
|
Cyprus Development Bank
Limited
|
|
5
|
31/03/1976
|
19/03/1976
|
07/01/1978
|
Charge on the Debit Debenture
|
|
30,000.00 CYP
|
-
|
Barclays Bank Plc
|
|
6
|
14/11/1975
|
07/11/1975
|
30/12/1983
|
Fixed Charge on the Company's Machinery and Equipment
|
|
30,000.00 CYP
|
-
|
Cyprus Development Bank
Limited
|
|
|
|
|
Negatives
No negative data
Corporate Structure Detrimental
|
Legal Entities - Status
|
|
Company
Name
|
Reg.
No.
|
Status
|
|
OSMACO MARKETING (LIMASSOL)
LIMITED
|
C74638
|
Dissolved
|
Financial
Statement
|
|
|
|
Corporate financial statement
|
|
|
Financial Figures are Individual
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS
|
|
|
|
|
Property, plant and equipment
|
1205617
|
1035991
|
1070568
|
|
Investment in associates
|
854560
|
1125899
|
1434362
|
|
Deferred income tax assets
|
31704
|
12818
|
22002
|
|
Total fixed assets
|
2091881
|
2174708
|
2526932
|
|
CURRENT ASSETS
|
|
|
|
|
Inventories
|
3025953
|
3154972
|
2863130
|
|
Trade and other receivables
|
2773182
|
3034263
|
2242747
|
|
Other financial assets at
fair value through profit or loss
|
11117
|
34478
|
46882
|
|
Tax Refundable
|
5042
|
5042
|
5042
|
|
Cash and cash equivalents
|
6380
|
10892
|
2213
|
|
Total current assets
|
5821674
|
6239647
|
5160014
|
|
Total assets
|
7913555
|
8414355
|
7686946
|
|
CAPITAL AND RESERVES
|
|
|
|
|
Share capital
|
342000
|
342000
|
342000
|
|
Retained earnings
|
2044927
|
2482009
|
2747317
|
|
Total equity
|
2386927
|
2824009
|
3089317
|
|
LONG-TERM LIABILITIES
|
|
|
|
|
Long-term Borrowings
|
628205
|
653878
|
627455
|
|
Total long-term liabilities
|
628205
|
653878
|
627455
|
|
CURRENT LIABILITIES
|
|
|
|
|
Trade and other payables
|
2006015
|
2021525
|
1330718
|
|
Current income tax
liabilities
|
4012
|
3525
|
54248
|
|
Borrowings
|
2888396
|
2911418
|
2585208
|
|
Total Current Liabilities
|
4898423
|
4936468
|
3970174
|
|
Total liabilities
|
5526628
|
5590346
|
4597629
|
|
Total equity and liabilities
|
7913555
|
8414355
|
7686946
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales
|
5864607
|
6129256
|
6156363
|
|
Cost of goods sold
|
4561367
|
4571007
|
4971586
|
|
Gross profit
|
1303240
|
1558249
|
1184777
|
|
Other Operating income
|
198833
|
156985
|
138744
|
|
Selling and distribution
expenses
|
863420
|
881502
|
801940
|
|
Administrative expenses
|
588875
|
555921
|
570672
|
|
Other expenses
|
23674
|
95642
|
|
|
OPERATING PROFIT/LOSS
|
26104
|
182169
|
-49091
|
|
Finance costs
|
266401
|
260732
|
247391
|
|
Share of (loss)/profit of
associates
|
-214965
|
-19317
|
46195
|
|
Profit/Loss before income tax
|
-455262
|
-97880
|
-250287
|
|
Income tax expense
|
-18180
|
-9082
|
12489
|
|
Profit/Loss for the year
|
-437082
|
-88798
|
-262775
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PROFITABILITY RATIOS
|
|
Gross Profit margin on sales
|
0.22
|
0.25
|
0.19
|
|
Return on assets (ROA)
|
-0.07
|
-0.01
|
-0.04
|
|
LIQUIDITY RATIOS
|
|
Current Ratio
|
1.19
|
1.26
|
1.30
|
|
TURNOVER RATIOS
|
|
Sales to Net Working Capital
Ratio
|
6.35
|
4.70
|
5.17
|
|
Total assets turnover (times)
|
0.74
|
0.73
|
0.80
|
|
Additional
Information
MAIN SOURCES OF INFORMATION - FOR THIS
REPORT
i. Visited Official Companies’ Registry
ii.
Interview with Company / Correspondence
iii.
Desk Research
iv.
Search through Internet Subscription Databases (Business Information)
v.
Specialized Media Search Global & Local
vi.
Search through internet Social Networks
vii.
Infocredit Negative Record Database
viii.
Relationship/Directorship Search through Infocredit Database
We
contacted the company in question and talked with Ms Soulla Stylianou, company
accountant, who confirmed general details and also provided us with the
company's latest financials accounts.
Please
note that all information disclosed in this report was obtained from the
Official Company's Registrar and from previous interviews with MsStylianou.
A
check against our revealed that no negative payment incidents against Subject
Company, such as unpaid invoices, dishonored cheques and utility bills,
bankruptcies exist etc
COUNTRY DEVELOPMENTS:
“The
European Banking Authority’s final assessment of the capital exercise covering
71 banks showed that the shortfall for the two Cypriot banks, Bank of Cyprus
and Cyprus Popular Bank reached the amount of €1.885 million.
The
shortfall for Bank of Cyprus stands at €730 million, whereas the corresponding
figure for Cyprus Popular Bank reached the amount of €1.125 million. The
shortfall will be covered by the Euro area member-states through the EFSF/ESM,
as part of Cyprus’
application for financial support.
In
October 2012 the unemployment in Cyprus
has grown at the third fastest rate in the EU, behind Greece and Spain, reaching almost 11%, while
the percentage of the population at risk of falling below the poverty line is
also on the increase.
The
flow of deposits in the domestic banking system recorded a slight increase
during August, according to data released by the Central Bank of Cyprus. The
Central Bank announced on Thursday that deposits in domestic financial
institutions recorded an increase of 0.5% during August on an annual basis or
837.9 million euro, reaching 70.66 billion euro compared to 69.82 billion in
August of 2011.
Based
on the quarterly review carried out by the European Commission for economic and
employment, the outlook for Cyprus
remains bleak. It reported that unemployment in Cyprus continues to increase
reaching 10.9% in July 2012 (10.4% for women and 11.4% men).
29
September 2012: Russia said on Friday it would only grant a bailout loan to
Cyprus as part of a coordinated rescue with the European Union for the
Mediterranean island state that is seeking a total of 20 billion euros ($25.7
billion) in aid.
Regarding
the gas deals Minister of Commerce, Industry and Tourism Neoklis Sylikiotis has
said that the government is going to sign a series of agreements with
Houston-based “Noble” as regards the supply of natural gas to Cyprus and the
construction of a terminal for liquefied gas in Cyprus for export purposes.
He
also recalled that the Cabinet has taken a decision for the beginning of negotiations
in order to reach an interim solution for the supply of natural gas for the
local market before 2017.
The
trade deficit decreased by 15,1% or 325 million in the first half of 2012,
compared to the same period of 2011. According to the monthly report
“Intra-Extra E.U Trade Statistics (Summarised Data)” for June 2012, trade
deficit for the period January-June 2012 was 2.151 billion compared to 2.476
billion in the corresponding period of 2011. Cyprus which concluded in 2011 a
2.5 billion EUR with the Russian Federation, has requested a new loan
agreement. Excluded from the international capital markets as of May 2011,
Cyprus on June 25 applied to the EFSF for financial assistance to bailout its
two main banks, Bank of Cyprus and Cyprus Popular Bank, which have been
severely hit by the Greek sovereign debt haircut and to cover its refinancing
need. (End of Country Developments).”
|
Contact Information
|
|
|
|
|
|
|
Interview Date:
|
13/11/2012
|
|
Name:
|
Ms Soula Stylianou
|
|
Quality:
|
company
|
|
|
|
Title:
|
accountant
|
|
|
|
Confirm general details
|
|
|
News
|
|
|
|
www.eazybuild.com
|
21/10/2009
|
|
|
A. EPIPHANIOU INDUSTRIES LTD has
being supplying the home market with Personal Safety Equipment and other
industrial products for over fifteen years.Our Company, which is nowadays one
of the biggest Cyprus firms which is specialised in the above mentioned
equipment, is offering branded products which are manufactured in Europe and
other parts of the world under very strict quality control methods.Our
competitive prices in combination of the high quality of the products of A.
EPIPHANIOU INDUSTRIES LTD as well as our customer service is a continuous
objective.
|
|
|
Recent Enquiries
|
|
|
|
Recent Enquiries on this subject
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Currency
|
Unit
|
Indian Rupees
|
|
US Dollar
|
1
|
Rs.54.91
|
|
UK Pound
|
1
|
Rs.87.38
|
|
Euro
|
1
|
Rs.70.24
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.
|
|