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Report Date : |
03.12.2014 |
IDENTIFICATION DETAILS
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Name : |
ALEXANDRIS ELEFTHERIOS SOLE SHAREHOLDER LTD |
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Registered Office : |
11 Mavrokordatou, Piraeus 18538, Attica |
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Country : |
Greece |
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Date of Incorporation : |
06.02.2014 |
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Legal Form : |
Private Company |
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Line of Business : |
· Trader of fresh and frozen fish, meat, poultry as well as vegetables · Wholesaler of other food, including fish, crustaceans and molluscs · Wholesaler of meat and meat products ·
Wholesaler of fruit and vegetables |
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No of Employees : |
Not Available [We tried to confirm the number of employees but no one is ready to
part any information from the company management.] |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New Business |
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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 1, 2014
|
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 |
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 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.
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Source : CIA |
Company name: ALEXANDRIS
ELEFTHERIOS SOLE SHAREHOLDER LTD
Address: 11 Mavrokordatou,
Piraeus 18538, Attica, Greece
Phone: 2105596590
Status: Active
TAX ID: 800552320
G.E.MI.: 128950407000
DATE STARTED: 02/06/2014
INITIAL CAPITAL: 60,000
EUR
NAME TAX
ID
Eleftherios Eli. Alexandris 035237285
Administrator
FULLENAME PERCENT
TAX ID
Eleftherios Eli. Alexandris 100.00%
035237285
SECTOR: Miscellaneous food
products/ Trade of fresh and frozen fish, meat, poultry and vegetables
NACE INDUSTRY
51.38 Wholesale
of other food, including fish, crustaceans and molluscs
51.32 Wholesale
of meat and meat products
51.31 Wholesale
of fruit and vegetables
PRODUCTS
KIND RELATION
Frozen vegetables Trade
Fresh vegetables Trade
Fish Trade
Frozen meat Trade
Fresh meat Trade
This information is not available.
This information is not available.
This information is not available.
This information is not available.
Given the fact that the company is newly established no financial statements are yet audited.
Established in February 2014 under the name
"ELEFTHERIOS ALEXANDRIS FOOD TRADING SOLE SHAREHOLDER LTD" and object
of activity the trade of various food products.
GOVERNMENT GAZETTE ANNOUNCEMENTS
SUBJECT CODE
Capital Increase 05711 2014-06-16
Company formation 01206 2014-02-07
Please note the information provided in this
report was obtained from official and publicly available sources.
Further information was not available.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.93 |
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UK Pound |
1 |
Rs.97.39 |
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Euro |
1 |
Rs.77.21 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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Report Prepared
by : |
MNL |
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.