MIRA INFORM REPORT

Report No. :	307356
Report Date :	17.02.2015

IDENTIFICATION DETAILS

Name :	MENEXOPOULOS D. BROS O.E.
Registered Office :	49 Katouni, Postal Code: 54625,, Thessaloniki
Country :	Greece
Date of Incorporation :	17.03.1988
Com. Reg. No.:	38085805000
Legal Form :	General Partnership (OE)
Line of Business :	· Processing and preserving of fruit and vegetables n.e.c. · Wholesale of fruit and vegetables · Wholesale of coffee, tea, cocoa and spices · Wholesale of other food, including fish, crustaceans and molluscs
No. of Employee :	42

RATING & COMMENTS

MIRA’s Rating :

Ba

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
Payment Behaviour :	No complaints
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)
Greece	B2	B2

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
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

Company name and address

BASIC INFORMATION
Registered Name	MENEXOPOULOS D. BROS O.E.
Registered Address	49 Katouni, Postal Code: 54625,, Thessaloniki, Greece
Telephone	2310534511, 2310531768
Fax	2310543216
E-mail	info@menexopoulos.gr
Web Site	www.menexopoulos.gr
Status	Registered and operational
Legal Type	General Partnership (OE)
VAT Number	082150047
Registration No	38085805000	Registration Date	17/03/1988
Start Date	17/03/1988	Years of Operation	27
CINFO ID	23390748

Summary

Employees	Feb 2015
Total Number	42

Capital

Authorized Capital	4,000,000.00 EUR Asked		0.00
Nominal No Of Shares	0	Issued No Of Shares	0
Nominal value	0.00 EUR Paid Up		4,000,000.00 EUR

Corporate Structure

Directors	Position	ID	Occupation	Age	Appointed	Other dir.
			No information available
Secretary	Position	ID	Occupation	Age	Appointed	Other dir.
			No information available
Other Relations			Position	ID		Appointed
	Dim. Menexopoulos, Panagiotis		Administrator	025453400
Menexopoulos, John			Administrator	015402857

Shareholders		ID/Reg. No.	Nationality	Shares	%
Menexopoulos, John		015402857	Greece	0	50
Other Directorship:
Name	Registration date	Reg. No	Status	Position	Update date
No information available
Other Shareholding:
Name	Registration date	Reg. No	Status	Update date

No information available

Dim. Menexopoulos, Panagiotis		025453400	Greece	0	50
Other Directorship:
Name	Registration date	Reg. No	Status	Position	Update date
No information available
Other Shareholding:
Name	Registration date	Reg. No	Status	Update date
No information available

Operation

Activity Code	Description
1533	Processing and preserving of fruit and vegetables n.e.c.
5131	Wholesale of fruit and vegetables
5137	Wholesale of coffee, tea, cocoa and spices
51.38	Wholesale of other food, including fish, crustaceans and molluscs

Line of business

The company is involved in processing, imports and trade of nuts, dried figs and fruit. Imports and trade of spices, legumes and herbs

PRODUCTS: Dried fruit, Dried figs, Nuts, Spices, Herbs,Legumes.

Number of accounts	Market Share %	National	International	Local Sales	Local Purchases	Selling Terms	Sales Average Credit Period	Average Limit	Purchase Terms	Purchase Average Credit Period	Purchase Average Limit
No information available

Sells to

No information available

Purchases

No information available

Export to	Payment terms	Percentage
Albania, Bulgaria, Cyprus, Israel, Macedonia, The Former Yugoslav Republic Of, Montenegro, Serbia	-	N/A

Import from	Payment terms	Percentage
China, India, Iran (Islamic Republic Of), Moldova, Republic Of, Sri Lanka, Thailand, Vietnam, United States Minor Ouykying Islands	-	N/A

Banks

	Swift code
PIRAEUS BANK S.A.
Thessaloniki, N. Thessalonikis, Greece	0172211
NATIONAL BANK OF GREECE S.A.
Thessaloniki, Greece	0110210
ALPHA BANK
Thessaloniki, N. Thessalonikis, Greece	0140701

Premises	Date Updated
Operates as:	16/02/2015

Showroom

Owned

49 Katouni, Postal Code: 165536, PO Box Postal Code: 165536, Thessaloniki, Greece

Affiliates and Subsidiaries	Country	Relation	Date Reg.
No information available

Agencies and Suppliers	Country	Relation	Date Reg.
No information available

CHARGES

No	Date Registered	Date Prepared	Type	Description/No	Amount	Secondary amount	Property	Unit	Beneficiary
No information available

CHARGES HISTORY

No	Date Registered	Date Prepared	Date End	Type	Description/No;	Amount	Secondary amount	Property	Unit	Beneficiary
No information available

Negatives

According to our against the subject no negatives have been registered.

Financial information

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. No financial details were available from other public sources.

Additional Information

CONCLUSION

Company was established in 1988 having a legal seat at Thessaloniki and is mainly engaged in the processing of nuts. Subject continues the business activities of the general partnership firm MENEXOPOPOULOS J. BROS O.E., established in 1974 and originally founded in 1944, as MENEXOPOULOS DIMITRIOS sole proprietorship.

CERTIFICATIONS:

ISO 22000, EUROCERT S.A. H.A.C.C.P., EUROCERT S.A.

Please note that the information provided in this report was obtained from official and publicly available sources.

Contact Information

No information available

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.20
UK Pound	1	Rs.96.00
Euro	1	Rs.71.00

INFORMATION DETAILS

Analysis Done by :	SUB
Report Prepared by :	ANK

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
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
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
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
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
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.