Basic
Information
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Registered Name
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GRANBERO HOLDINGS LIMITED
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English Name
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GRANBERO HOLDINGS LIMITED
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Trade Style:
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Ghelamco
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Registered Address
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229 Archiepiskopou Makariou C', Meliza
Court, Limassol, 3105, Cyprus
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Headquarters:
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229 Archiepiskopou Makariou C'
Avenue, Limassol, 3105, Cyprus; P.O.Box 51263, 3503
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Telephone
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+35725590229 / +35725868000
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E-mail
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info@pkf.com.cy (Correspondence
Email)
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Web Site
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www.ghelamco.com (Group Website)
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Legal Type
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Limited Company
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Registration No
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C183542
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Registration Date
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08/09/2006
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Start Date
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08/09/2006
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Years of Operation:
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7
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Status
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Registered and operational
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Latest Annual Account Date
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01/12/2012
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Last return
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19/11/2012
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CINFO ID:
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CYC23069643
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Summary
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Employees
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July 2013
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Company
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Total Number
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Not Available
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The company does not maintain offices
in Cyprus. At least we did not trace any. Under these circumstances no
staff is employed. In such cases, companies utilize staff (2-3 people) from
their auditors’ or lawyers’ offices.
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Financial Summary
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December
2012
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December
2011
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EUR
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EUR
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Revenue Sales
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21,847,000.00
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4,030,000.00
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Pre Tax Profit
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33,942,000.00
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39,635,000.00
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Working Capital
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30,112,000.00
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46,515,000.00
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Total Equity
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457,763,000.00
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403,050,000.00
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Long Term Debts
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404,109,000.00
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323,878,000.00
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Trend
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-
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-
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Additional Info:
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Correspondence:
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PKF
Accountants & Business Advisers; Meliza Court 229 Arch.
Makarios III Ave 3105 Limassol Cyprus
Tel.: 357 25 868000
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Assessment:
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Low Risk
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Payment Habits:
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No complaints
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<strong>A check against all
available information sources revealed that no late payment incidents
against Subject Company exist</strong>
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Commercial morality
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Good
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Financial strength
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Good
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Maximum credit
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2,500,000.00 EUR
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Please note that our rating system has the amount of 2 500
000 EUR as a maximum credit amount ceiling
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Business History
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Date
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Event Name
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Old Value
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New Value
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09/11/2012
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Paid Up Capital Increased
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1000.00 EUR
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9731.00 EUR
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09/11/2012
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Nominal number of shares Changed
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5000
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9731
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12/09/2006
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Authorized Capital Increased
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1000.00 EUR
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5000.00 EUR
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12/09/2006
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Shares number changed
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0
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1000
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12/09/2006
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Nominal Value of Shares Increased
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0.00 EUR
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1.00 EUR
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Registered
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From:
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To:
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284, Archiepiskopou
Makariou C' Avenue, Fortuna Court, Block B, 2nd Floor, Limassol,
3105, , Cyprus,
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08/09/2006
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19/11/2012
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Authorized Capital
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9,731.00
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EUR
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Issued Capital
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9,731.00
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EUR
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Nominal No Of Shares
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9,731.00
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Issued No Of Shares
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9,731.00
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Nominal value
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1.00
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EUR
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Paid Up
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9,731.00
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EUR
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Activity Code
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Description
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NACE 1.1
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65.2
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Other financial intermediation
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NACE 2.1
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6499
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Other financial service activities,
except insurance and pension funding n.e.c. - This class includes: -
other financial service activities primarily concerned with
distributing funds other than by making loans: > factoring
activities > writing of swaps, options and other hedging
arrangements > activities of viatical settlement companies -
own-account investment activities, such as by venture capital
companies, investment clubs etc. - - This class excludes: - financial
leasing, see 64.91 - security dealing on behalf of others, see 66.12
- trade, leasing and renting of real estate property, see division 68
- bill collection without debt buying up, see 82.91 - grant-giving
activities by membership organisations, see 94.99
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Line of Business
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According to the Article of Associations
the current company acts as an investment holding company although this
was not confirmed. However the article makes provision for other
activities as well.We have the impression that this is an
International Business Company registered in Cyprus.
Granbero Holdings (as the legal Cyprus entity with all its Polish
subsidiaries) represents the Polish
activities of the Ghelamco Group, a
European real estate investor and developer active in
the offices, residential, retail and logistics markets. It is active
on the Belgian, Dutch, French, Polish, Ukrainian and Russian markets
Business Activities
Investment and Finance Company
Investments
Investment Consultants
Industry Classifications - NAICS
» Investment Banking and Securities Dealing (NAICS # 52311)
» Securities, Commodity Contracts, and Other Financial Investments
and Related Activities (NAICS # 523)
» Investment Advice (NAICS # 52393)
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Export to
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Percentage
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Comments
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Nn
Retrievable
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Import from
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Percentage
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Comments
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Non Retrievable
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Market Territory
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International Presence
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100%
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Subject is an International Business Company
(IBC) with no offices of its own in Cyprus.
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Premises
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Type
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Headquarters
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Address:
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229 Archiepiskopou Makariou C'
Avenue, Limassol, 3105, Cyprus
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Headquarters comprise of
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Offices
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Headquarters operate as:
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Correspondence Office
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Affiliates and Subsidiaries
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Relation
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Year
Reg.
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GHELAMCO GROUP COMM. VA
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Parent Company
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10 Zwaanhofweg, Leper, 8900, Belgium
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Granbero Capital
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Subsidiary
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Apollo Invest Sp. z o.o
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Subsidiary
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Ghelamco GP 3 Sp. z o.o.
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Subsidiary
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Ghelamco GP 4 Sp. z o.o.
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Subsidiary
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Business Bud Sp. z o.o
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Subsidiary
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Capital Bud Sp. z o.o
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Subsidiary
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Creative Invest Sp. z o.o
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Subsidiary
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Ghelamco GP 1 Limited Liability Company
Axiom SKA
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Subsidiary
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Ghelamco GP 1 Limited Liability
Company Dystryvest
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Subsidiary
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Eastern Europe Bud Sp. z o.o
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Subsidiary
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Ghelamco GP 2 Limited Liability
Company Excellent SKA
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Subsidiary
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Expansion Invest Sp. z o.o
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Subsidiary
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Expert Invest Sp. z o.o
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Subsidiary
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3 Ghelamco GP Limited Liability
Company Focus SKA
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Subsidiary
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Fusion Invest Sp. z o.o
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Subsidiary
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Ghelamco GP 2 Limited Liability
Company HQ SKA
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Subsidiary
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Ghelamco GP 2 Limited Liability
Company HQ SKA
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Subsidiary
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Industrial Invest Sp. z o.o
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Subsidiary
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Ghelamco GP 1 Limited Liability
Company Innovation
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Subsidiary
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Ghelamco GP 2 Limited Liability
Company SKA Kalea
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Subsidiary
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Leader Invest Sp. z o.o
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Subsidiary
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Ghelamco GP 1 Limited Liability Company Market SKA
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Subsidiary
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Ghelamco GP 1 Limited Liability Company
OfficeSKA
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Subsidiary
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Opportunity Invest Sp. z o.o
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Subsidiary
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Pattina Invest Sp. z o.o
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Subsidiary
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PIB Sp. z o.o
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Subsidiary
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Power Invest Sp. z o.o
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Subsidiary
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Ghelamco GP 2 Spolka z ograniczona
odpowiedzialnoscia Primula SKA
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Subsidiary
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Proud Invest Sp. z o.o
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Subsidiary
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Quality Invest Sp. z o.o
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Subsidiary
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Signal Bud Sp. z o.o
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Subsidiary
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Callista Invest Sp. z o.o
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Subsidiary
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Ghelamco GP 1 Spolka z ograniczona
odpowiedzialnoscia UNIQUE SKA
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Subsidiary
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Ghelamco Invest Sp. z o.o
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Subsidiary
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CC 26 F.I.Z.
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Subsidiary
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CC 28 F.I.Z.
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Subsidiary
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Ghelamco GP 1 Sp z o.o
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Subsidiary
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Ghelamco GP 2 Sp z o.o
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Subsidiary
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Ghelamco GP 4 Spolka z ograniczona
odpowiedzialnoscia Kappa SKA
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Subsidiary
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Creditero Holdings Ltd.
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Subsidiary
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Portfolio Invest Ltd.
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Subsidiary
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Preferent Invest Ltd.
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Subsidiary
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Bellona SA
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Subsidiary
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Bellona Bema 87 Sp. z o.o.
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Subsidiary
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Bellona Grzybowska 77 Sp. z o.o.o
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Subsidiary
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Bellona Logistyka Sp. z o.o.
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Subsidiary
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Charges
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No
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Date registered
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Date prepared
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Type
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Description/No
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Amount
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Sequence
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Beneficiary
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1
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03/04/2011
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31/03/2011
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Amount: Any amount of money that is
owed today or in the future or from time to time
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Pledging Of all the Shares the
Company holds in KALEA INVESTMENTS SP.ZO.O.O from Poland matching the
100% of the Share capital of KALEA INVESTMENTS SP.ZO.O.O
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130,915,480.00 EUR
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-
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Powszechina Kasa Oszczednosci Bank
Polski S.A
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2
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08/07/2009
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18/06/2009
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-
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Pledging Of Shares That The Company
It Possesses At EXCELLENT BUD S.P.20.0------- Amount: Any Amount That
Is Owed Today Or In The Future From Time To Time
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0.00 EUR
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-
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Bank Polska Kasa Opieki S.A.
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3
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08/07/2009
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18/06/2009
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-
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Pledging Of Shares That The Company
It Possesses At BEST INVEST S.P.20.0-------- Amount: Any Amount That Is
Owed Today Or In The Future From Time To Time
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0.00 EUR
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-
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Bank Polska Kasa Opieki S.A.
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4
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22/04/2008
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27/03/2008
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Pledging of Shares
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110,000.00 EUR
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-
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Hypo Real Estate Bank International
A.G.
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5
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15/06/2007
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15/05/2007
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-
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Pledging Of Shares That The Company
It Possesses At HORIZON INVESTMENTS S.P.20.0
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150,000,000.00 EUR
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-
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Bank BPH S.A.
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Total Number
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Total Amount (EUR)
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Amount: Any amount of money that is
owed today or in the future or from time to time
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1
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130,915,480.00
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-
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3
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150,000,000.00
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Pledging of Shares
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1
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110,000.00
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TOTAL CHARGES
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5
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281,025,480.00
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Negatives
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No negative data
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Financial Statement
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Corporate financial statement
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Financial
Figures are Consolidated
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FIXED ASSETS
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Investment
property
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603,048
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460,532
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Investment
in associates
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429
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1,952
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Deferred
income tax assets
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374
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929
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Trade
and other receivables (Fixed)
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227,909
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217,000
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Total fixed assets
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831,760
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680,413
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CURRENT ASSETS
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Inventories
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77,550
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76,418
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Trade
and other receivables
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59,999
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46,012
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Derivative
financial instruments
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1,922
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2,800
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Tax
Refundable
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23
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Cash
and cash equivalents
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20,896
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16,748
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Total current assets
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160,390
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141,978
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Total assets
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992,150
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822,391
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CAPITAL AND RESERVES
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Share
capital
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10
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10
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Other
reserves
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1,729
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2,812
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Retained
earnings
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454,123
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398,327
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Minority
interest
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1,901
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1,901
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Total equity
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457,763
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403,050
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LONG-TERM LIABILITIES
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Long-term
Borrowings
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403,095
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299,981
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Deferred
income tax liabilities
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1,014
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23,897
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Total long-term liabilities
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404,109
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323,878
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CURRENT LIABILITIES
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Trade
and other payables
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72,328
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51,081
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Current
income tax liabilities
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758
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464
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Borrowings
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57,192
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43,918
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Total Current Liabilities
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130,278
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95,463
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Total liabilities
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534,387
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419,341
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Total equity and liabilities
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992,150
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822,391
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Sales
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21,847
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4,030
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Gross profit
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21,847
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4,030
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Other
Operating income
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25,081
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49,888
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Administrative
expenses
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323
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14
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Other
expenses
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13,425
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5,537
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OPERATING PROFIT/LOSS
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33,180
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48,367
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Finance
Income
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21,103
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10,968
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Finance
costs
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20,341
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19,700
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Profit/Loss
before income tax
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33,942
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39,635
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Income
tax expense
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-21,856
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-9,181
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Profit/Loss for the year
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55,798
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48,816
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PROFITABILITY RATIOS
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Gross
Profit margin on sales
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1
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1
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Return
on assets (ROA)
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2.55
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12.11
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LIQUIDITY RATIOS
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Current
Ratio
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1.23
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1.49
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TURNOVER RATIOS
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Sales to
Net Working Capital Ratio
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0.73
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0.09
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Total
assets turnover (times)
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0.02
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0
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Additional
Information
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The present is an International Business Company
- IBC (ex - Offshore Company) registered in Cyprus on 08/09/2006.
According to the article of association the company is involved with
Investment Activities. However, this information was not confirmed. Of
Course the article makes provision of other activities as well. We have
the impression that this is an International Business Company.
Granbero Holdings (as the legal Cyprus
entity with all its Polish subsidiaries) represents the Polish
activities of the Ghelamco Group, a leading European real estate
investor and developer active in the offices, residential, retail and
logistics markets.
IBC companies, being covered by the law of
confidentiality, may use nominee shareholders that hold the shares in
trust for beneficial owners. Until recently beneficial owners were made
known only to the Central Bank of the Republic of Cyprus that used to
grant the permission for the company’s registration in Cyprus. After
Cyprus accession in the EU this practice changed. Beneficial owners of
an IBC are now known to the Lawyers and / or Auditors that undertake
the registration of such companies in Cyprus.
In the past IBC’s (ex offshore companies & offshore branches) used
to be benefited from a corporation tax rate on their profits of 4.25%.
However, according to new tax legislation which has been in effect as
of 1st January 2003, there is no longer a distinction between local
companies and International Business Companies (IBC’s) and thus, the
net profits of all companies registered in Cyprus are taxed at the rate
of 10%.
Further more, in the past the law required the IBC’s (ex offshore
companies & offshore branches), beneficial owners to be non-Cypriot
residents and the business activities to be carried out, outside Cyprus
only. Currently, this law has changed. IBC entities may have activities
worldwide, including Cyprus. However, in order for an IBC entity to
have activities locally, their Memorandum and Articles of Association
should provide for that. Most of the IBC entities that were registered
before the change of the law have already proceeded with the amendments
in their Memorandum and Articles of Association.
We were not able to trace any offices for the company in question in
Cyprus; however we contacted the company's correspondence PKF
Accountants & Business Advisers where the official informed us that
Mr Stavros Stavrou
Company Representative, was not at
his office at the moment and that she could not confirm or provide us
any information regarding the subject. For this reason a message was
left for the company’s director Mr. Stavrou to contact us as soon as
possible, but there was no reply until now. Should any additional
information becomes available we will forward them to you as soon as
possible.
However a questionnaire was placed in order
to be forwarded to the subject but there was no response yet. Should
any additional information becomes available we will forward them to
you as soon as possible.
Please note that the information included in the report was obtained
from the Official Companies' Registrar and through desk research.
A check against our records revealed that no negative payment incidents
against Subject Company, such as unpaid invoices, utility bills,
bankruptcies etc exist.
In 2012, Ghelamco was granted the
following awards:
Best Office Development in Poland for
2012 for the Senator project (European Property Awards)
Best Office Development in Europe for
2012 for the Senator project (European Property Awards)
Best International Office Development
for 2012 for the Senator project (European Property Awards)
Office Development of the Year in
Poland for Senator project (Construction and Investment Journal)
Essa Award for the Senator Building,
in recognition of the project’s suistainability performance
(Construction and Investment Journal)
Office Lease Award of the Year 2012
in Poland for T-Mobile in Marynarska 12 (Construction and
Investment Journal)
Office Developer of the year in Poland
(Construction and Investment Journal - for the sixth time in the
past seven years)
The Best Belgian Exporter Award 2012
(The Belgian Business Chamber in Poland)
Belgian Business Chambre Award 2012
(The Belgian Business Chamber in Poland)
Office Developer of the Year in CEE
(Eurobuild)
New Office Award of the Year in Poland
for the Senator project (Eurobuild)
MAIN SOURCES OF INFORMATION
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
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Contact Information
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Name:
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Not Disclosed
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Attempts to contact an official were
unsuccessful
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A questionnaire was sent - no reply
received
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