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Report Date : |
19.02.2013 |
IDENTIFICATION DETAILS
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Name : |
KALLI, G., LTD |
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Registered Office : |
Ioanninon - Athinon Rd (5th Km), 45500 Ioannina, Ioannina |
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Country : |
Greece |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
25.02.1998 |
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Legal Form : |
Limited liability company |
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Line of Business : |
Engaged as new and used car dealers |
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No. of Employees : |
9 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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Greece |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
greece - ECONOMIC OVERVIEW
Greece has a capitalist economy with a public sector accounting for about 40% of GDP and with per capita GDP about two-thirds that of the leading euro-zone economies. Tourism provides 15% of GDP. Immigrants make up nearly one-fifth of the work force, mainly in agricultural and unskilled jobs. Greece is a major beneficiary of EU aid, equal to about 3.3% of annual GDP. The Greek economy grew by nearly 4% per year between 2003 and 2007, due partly to infrastructural spending related to the 2004 Athens Olympic Games, and in part to an increased availability of credit, which has sustained record levels of consumer spending. But the economy went into recession in 2009 as a result of the world financial crisis, tightening credit conditions, and Athens' failure to address a growing budget deficit. The economy contracted by 2.3% in 2009, 3.5% in 2010, and 6.0% in 2011. Greece violated the EU's Growth and Stability Pact budget deficit criterion of no more than 3% of GDP from 2001 to 2006, but finally met that criterion in 2007-08, before exceeding it again in 2009, with the deficit reaching 15% of GDP. Austerity measures reduced the deficit to 11% of GDP in 2010 and about 9% in 2011. Eroding public finances, inaccurate and misreported statistics, and consistent underperformance on reforms prompted major credit rating agencies in late 2009 to downgrade Greece's international debt rating, and has led the country into a financial crisis. Under intense pressure from the EU and international market participants, the government adopted a medium-term austerity program that includes cutting government spending, decreasing tax evasion, reworking the health-care and pension systems, and reforming the labor and product markets. Athens, however, faces long-term challenges to push through unpopular reforms in the face of widespread unrest from the country's powerful labor unions and the general public. In April 2010 a leading credit agency assigned Greek debt its lowest possible credit rating; in May 2010, the International Monetary Fund and Eurozone governments provided Greece emergency short- and medium-term loans worth $147 billion so that the country could make debt repayments to creditors. In exchange for the largest bailout ever assembled, the government announced combined spending cuts and tax increases totaling $40 billion over three years, on top of the tough austerity measures already taken. Greece, however, struggled to meet 2010 targets set by the EU and the IMF, especially after Eurostat - the EU's statistical office - revised upward Greece's deficit and debt numbers for 2009 and 2010. European leaders and the IMF agreed in October 2011 to provide Athens a second bailout package of $169 billion. The second deal however, calls for Greece's creditors to write down a significant portion of their Greek government bond holdings. In exchange for the second loan Greece has promised to introduce an additional $7.8 billion in austerity measures during 2013-15. However, these massive austerity cuts are lengthening Greece's economic recession and depressing tax revenues. Greece's lenders are calling on Athens to step up efforts to increase tax collection, privatize public enterprises, and rein in health spending, and are planning to give Greece more time to shore up its economy and finances. Many investors doubt that Greece can sustain fiscal efforts in the face of a bleak economic outlook, public discontent, and political instability.
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Source : CIA |
KALLI, G., LTD
ADDRESS: IOANNINON - ATHINON
RD (5TH KM)
45500
IOANNINA
IOANNINA
GREECE
TELEPHONE: 30
2651085180
30 2651085112
TELEFAX: 30 2651085183
E-MAIL ADDRESS: Kalis@kalis-nissan.gr
WEB ADDRESS: www.kallis-nissan.gr
ANY AMOUNTS HEREAFTER ARE IN EURO UNLESS OTHERWISE STATED
Giannoula Kalli
Administrator
Partner
Nikolaos Kallis
Administrator
Partner
PRINCIPALS ANTECEDENTS
NAME: Giannoula Kalli
Also a partner in KALLI, G., LTD.
NAME: Nikolaos Kallis
Also a partner in KALLI, G., LTD.
EMPLOYS: 9 as at Feb 7, 2013 including 0 part-time staff.
The number of employees varies according to needs.
The number of employees peaks to 9.
Informants report that subject's payments are prompt.
Rating: Average
Alpha Bank A.E., Ag. Georgiou-Ioannina Branch branch., Dimokratias Sq,
Ioannina 45221, Greece.
Telephone: 30 2651020127
National Bank of Greece S.A., Ioannina Branch branch., 4 Averof,
Ioannina 45221, Greece.
Telephone: 30 2651054741
EFG EUROBANK ERGASIAS S.A., Ioannina Branch (Ex Ergobank B branch., 23
28th Oktovriou, Ioannina 45332, Greece.
Telephone: 30 2651038800
Bank of Piraeus S.A., Ioannina Branch branch., Dimokratias Sq & 1
Averof, Ioannina 45221, Greece.
Telephone: 30 2651001100
Marfin Egnatia Bank S.A., Ioannina Branch branch., 12 Dimokratias Sq,
Ioannina 45445, Greece.
Telephone: 30 2651025266
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The below mentioned financial figures
are in Euro |
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Financial statement obtained from
subject on Jan 31, 2013. |
BACKGROUND
Business started Feb 25, 1998.
Subject moved from 29 Vilara, 45445 Ioannina Ioannina on Dec 1, 2000.
LEGAL FORM
Limited liability company registered on Feb 25, 1998 for a period ending
Dec 31, 9999.
Government Gazette Number: 01105 / 1998
Tax Registration Number: 095733186
Subject was established following a merger of the firms : KALLI, G.,
LTD.
On 20/12/2006 (Gov. Gaz. No. 13731/2006) a change of subject's head
office was published.
CAPITAL
Nominal capital: 372,000. Issued
capital: 372,000.
Issued/paid-up capital was last increased on Dec 20, 2006.
Nominal capital is divided into: 12,400
shares of 30 each and fully paid-up.
Giannoula Kalli holds 50.00% of the voting capital.
Nikolaos Kallis holds 50.00% of the voting capital.
Local Activity Code:
4511
Local Activity Code Type:
STAKOD
Equivalent to:
NACE 1
Engaged as new and used car dealers.
Wholesales automobiles and other
motor vehicles
Authorized dealer of cars and spare parts. Car repair shop, Subject
distributes its goods mainly by retail. . Subject operates a network of local
agents.
Subject has 1 branches/divisions
Ioanninon - Athinon Rd (5th km), 45500, Ioannina, Greece.
Subject does not import.
Subject does not export.
Operates from rented showroom, at heading address.
REGISTERED OFFICE: At heading address.
On Feb 7, 2013 local informants stated that:
Subject is a family run, economic unit, which is activated in the local
market.
2010 balance sheet accounts are presented in a concise form.
2011 balance sheet accounts are presented in a concise form.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian
Rupees |
|
US Dollar |
1 |
Rs.54.28 |
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UK Pound |
1 |
Rs.84.09 |
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Euro |
1 |
Rs.72.44 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the
strongest capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet
normal commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be
exercised |
Credit
not recommended |
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-- |
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.