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Report No. : |
304798 |
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Report Date : |
06.02.2015 |
IDENTIFICATION DETAILS
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Name : |
CHALVADOPIIA OF
NORTHERN GREECE P.C. |
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Registered Office : |
Examili Assirou, Langadas, Postal Code 57200, Thessaloniki |
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Country : |
Greece |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
23.08.2013 |
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Com. Reg. No.: |
126641604000 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
· engaged in the production of Halva, Honey, Jam, Tahini, Fruit In Heavy Syrup and Sugar Products ·
Engaged in Manufacturing of cocoa; chocolate and
sugar confectionery |
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No of Employees : |
12 (January 2015) |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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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 |
Registered Name CHALVADOPIIA OF
NORTHERN GREECE P.C.
Trade Name KAPETANIOS CHALVAS
- MELI
Official Name ΧΑΛΒΑΔΟΠΟΙΙΑ
ΒΟΡΕΙΟΥ
ΕΛΛΑΔΟΣ ΙΚΕ (with English
characters
HALVADOPIIA VORIOY ELLADOS PC)
Registered Address Examili Assirou,
Langadas, Postal Code: 57200, Thessaloniki, Thessaloniki,
Greece
Telephone 2394054330 /
2394054566
Fax 2394054389
E-mail info@kapetanios.com.gr
Web Site www.kapetanios.com.gr
Status Registered and
operational
Legal Type Private Limited
Liability Company
VAT Number 800513366
Registration No 126641604000
Registration Date 23/08/2013
Start Date 23/08/2013
Years of Operation 2
CR number 126641604000
CINFO ID 23389000
Employees Jan
2015
Total Number 12
Size class 10-49
Authorized Capital 30,000.00 EUR
Asked 0.00
Nominal No Of Shares 0
Issued No Of Shares 0
Nominal value 0.00 EUR
Paid Up 0.00 EUR
Other Relations Position
ID
Eli. Kapetanios, Anastassios Administrator 036875883
Shareholders ID/Reg.
No. Nationality Shares %
Christoforidou, Aikaterini 032890926 Greece 0 30
Other Shareholding:
Name Reg.
No Status Shares %
Karalis, Konstantinos 033877385 Greece 0 70
Activity Code
Description
1584 Manufacture
of cocoa; chocolate and sugar confectionery
15.89 Manufacture of other
food products n.e.c.
15.33 Processing
and preserving of fruit and vegetables n.e.c.
SECTOR: Miscellaneous
food products
The subject company is engaged in the
production of halva, honey, jam, tahini, fruit in heavy syrup and sugar
products.
PRODUCTS
· Halva Production- Trade
· Honey, royal jelly & comb Production- Trade
· Marmalade & jam Production- Trade
· Sesame paste Production- Trade
· Fruit in heavy syrup Production- Trade
· Sugar products Production- Trade
Export to Payment
terms Percentage
Canada, Cyprus, Poland -
0%
Import from Payment
terms Percentage
Bulgaria, Spain -
0%
Banks Swift
code
EFG EUROBANK ERGASIAS S.A. 0260120
THESSALONIKI, THESSALONIKI, Greece
PANELLINIA BANK S.A.
MONASTHRIOU, MONASTHRIOU, Greece 0493110
NATIONAL BANK OF GREECE S.A.
THESSALONIKI, THESSALONIKI, Greece 0110208
Please note that no bank account number was provided.
According to our against the subject no negatives have been registered.
Please note that the latest financial details were not available at the file of the company at the official companies' registry house; as the law provides for all companies.
CONCLUSION
Please note that the subject declined to release any further
detailed and latest financial information neither such data was found being
officially published.
Please note that the information provided in this report was
obtained from official and publicly available sources.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.61.87 |
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UK Pound |
1 |
Rs.94.07 |
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Euro |
1 |
Rs.70.19 |
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.