MIRA
INFORM REPORT
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Report Date : |
04.12.2014 |
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) : |
2013 |
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Date of Incorporation : |
1993 |
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Com. Reg. No.: |
27988/022/Β/92/0026 |
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Legal Form : |
Societe 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 1, 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 |
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.
|
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
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
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Indian Rupees |
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US Dollar |
1 |
Rs.61.87 |
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1 |
Rs.96.83 |
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Euro |
1 |
Rs.76.57 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
SDA |
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.