MIRA
INFORM REPORT
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Report Date : |
25.08.2014 |
IDENTIFICATION DETAILS
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Name : |
KALLIMANIS G. S.A. |
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Registered Office : |
Eliki, Aigio 25100, |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
1993 |
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Com. Reg. No.: |
27988/022/B/92/0026 |
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Legal Form : |
Socieete Anonyme |
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Line of Business : |
·
Processing and
preserving of fish and fish products ·
Wholesale of other
food, including fish, crustaceans and mollusks |
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No of Employees : |
169 |
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 : |
Slow but correct |
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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 01, 2014
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Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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Greece |
B2 |
B2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 18% 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 averaged growth of
about 4% per year between 2003 and 2007, 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. By 2013 the economy
had contracted 26%, compared with the pre-crisis level of 2007. Greece met the
EU's Growth and Stability Pact budget deficit criterion of no more than 3% of
GDP in 2007-08, but violated it in 2009, with the deficit reaching 15% of GDP.
Austerity measures have reduced the deficit to about 4% in 2013, including
government debt payments. Deteriorating public finances, inaccurate and
misreported statistics, and consistent underperformance on reforms prompted
major credit rating agencies to downgrade Greece's international debt rating in
late 2009, and 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, overhauling the health-care and pension systems, and
reforming the labor and product markets. Athens, however, faces long-term
challenges to continue pushing 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
Euro-Zone 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, called for holders of Greek government bonds to write down a
significant portion of their holdings. As Greek banks held a significant
portion of sovereign debt, the banking system was adversely affected by the
write down and €41 billion of the second bailout package was set aside to
ensure the banking system was adequately capitalized. In exchange for the
second loan Greece promised to introduce an additional $7.8 billion in
austerity measures during 2013-15. However, the massive austerity cuts have
prolonged Greece's economic recession and depressed tax revenues. Throughout
2013, Greece's lenders called on Athens to step up efforts to increase tax
collection, dismiss public servants, privatize public enterprises, and rein in
health spending. In June 2013 Prime Minister Antonis SAMARAS's efforts to meet
bailout conditions led to the departure of one party, the Democratic Left, from
the governing coalition when his government made the controversial decision to
shut down and restructure the state-owned television and radio company.
Subsequent reluctance to institute further cuts and delays in meeting public
sector reform targets prompted Greek lenders to withhold bailout fund
disbursements until December 2013. However, investor confidence began to show
signs of strengthening by the end of 2013 as leading macroeconomic indicators
suggested the economy’s freefall had been arrested.
|
Source
: CIA |
IDENTIFICATION DETAILS
Company name: KALLIMANIS G. S.A.
Other names: KALLIMANIS G. S.A.
Address: Eliki, Aigio 25100, Achaea, Greece
Telephone: 2691081946
Fax: 2691081948
E-mail: www.kallimanis.gr
Web page: info@kallimanis.gr
Trade style: KALLIMANIS G. S.A.
Tax ID: 094269861
Reg. No: 27988/022/Β/92/0026
G.E.M.I.: 035140016000
Date of
incorporation: 1993
Status: Active
Number of
employees: 169
OFFICE AND FACTORIES
Offices: 22 Chryssalidos, Nea Halkidona 14343, Attica
Ownership: Leased
Retail store: 10 N. Soulioti,
Aigio 25100, Achaea
Ownership: Leased
Fax: 2691027984
Head office: Eliki, Aigio
25100, Achaea, Greece
Ownership: Owned
Land: m2:32000,
Building: m2:7500
SHAREHOLDERS
FULLENAME TAX
ID ID NUMBER
Panagiotis Geo.
Kallimanis 037847532 ΑΒ
626697
Konstantina Geo.
Kallimani 035942693 Ν549201
Vassiliki Geo.
Kallimani 035942797 ΑΖ713736
Theodoros
Kallimanis Θ604333
Maria The.
Kallimani 051343948 ΑΒ 626779
Maria Kallimani
Panagiota
Kallimani
Basil Papadopoulos
Φ218197
Panagiotis
Kallimanis
Konstantina
Kallimani
MANAGEMENT/ DIRECTORS
NAME TAX
ID ID NUMBER
Vassiliki Geo. Kallimani 035942797 ΑΖ713736
Board Chairman, Chief Executive Officer
Maria The. Kallimani 051343948 ΑΒ 626779
Board Vice Chairman
Konstantina Geo. Kallimani 035942693 Ν549201
Executive Consultant
Panagiotis Geo. Kallimanis 037847532 ΑΒ 626697
Executive Consultant
Dimitrios Kon. Andriossopoulos 023708164 Τ280368
Board Member
Basil Kon. Papadopoulos Φ218197
Board Member, Business Development Director
Basil Bolovinis Λ828358
Board Member
ACTIVITIES
SECTOR: Miscellaneous
food products
NACE INDUSTRY
15.20 Processing
and preserving of fish and fish products
51.38 Wholesale
of other food, including fish, crustaceans and mollusks
Processing,
packaging, imports and trade of frozen fish and seafood
Certification: ISO
9001:2008, TUV HELLAS (TUV NORD) S.A.
Vehicle types: Trucks
(No 15)
Product
Kind: Relation:
Frozen fish Production,
Import, Trade
Frozen seafood Production,
Import, Trade
SUUPLIERS
Full name Country
ZHOUSHAN GREEN
FOOD CO. LTD China
AN THINH IMPORT
EXPORT CO. LTD Vietnam
DISCEFA S.L. Spain
CUSTOMERS
FULLNAME TAX
NUMBER COUNTRY
MARINOPOULOS S.A. FOR GENERAL TRADING 999842977 Greece
SKLAVENITIS I. & S. S.A. 999080978 Greece
BANKING RELATIONSHIPS
BANK NAME AREA BANK
No.
ALPHA BANK AIGIO 0140531
NATIONAL BANK OF
GREECE S.A. AIGIO 0110304
EMPORIKI BANK OF
GREECE S.A. AIGIO 0120605
EFG EUROBANK
ERGASIAS S.A. EGIO,
CENTER 0260152
IMPORT
The company is
importing from: Argentina, Vietnam, India, China, Mexico, New Zealand.
EXPORT
The company is exporting to: Albania,
Bulgaria, Cyprus, Macedonia, the former Yugoslav Republic.
HISTORY
Company was
established in 1993 at Eliki Aigio after the merger of the following
firms:
1) G. KALLIMANIS -
TH. KALLIMANIS O.E. established in 1987.
2) G. & TH.
BROS P.KALLIMANI O.E. established in 1956.
3) G. & TH.
BROS P. KALLIMANI - N. ROZIS O.E. established in 1980.
4) G. & TH.
BROS P. KALLIMANI - K. MEGARIS O.E. established in 1987.
5) G. & TH.
BROS P. KALLIMANI - B. PAPADOPOULOS O.E. established in 1985.
In 2009 (Gov. Gaz.
No. 02182/2009) subject absorbed the firm KALLIMANIS IONIAN SEAFOOD S.A.,
KALLIMANIS SEAFOOD S.A.
In 2010 (Gov. Gaz.
No. 15094/2010) subject absorbed the firm MEDITERRANEAN MEALS S.A. In 2014
(Gov. Gaz. No. 15/2014), subject absorbed the firm KALLIMANIS COMMERCIAL S.A.
FINANCIAL INFORMATION
GENERAL COMMENTS
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Please note the information provided in this report was obtained from
official and publicly available sources.
Further information was not available
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.60.77 |
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1 |
Rs.100.72 |
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Euro |
1 |
Rs.80.55 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
TPT |
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 |
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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.