|
Report No. : |
329206 |
|
Report Date : |
01.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
E. NEOPHYTOU TRADING CO LIMITED |
|
|
|
|
Registered Office : |
5 Trikomou, Dali Industrial Area, Nicosia, 2540, Cyprus |
|
|
|
|
Country : |
Cyprus |
|
|
|
|
Financials (as on) : |
December, 2011 |
|
|
|
|
Date of Incorporation : |
07.09.1994 |
|
|
|
|
Com. Reg. No.: |
C64810 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Subject is currently engaged exclusively in the import, processing and
wholesale trade of dried fruit, nuts ( peanuts, almonds, hazelnuts, cashews,
pistachios, pecans, brazil nuts, walnuts, chestnuts, popcorn, raisins)
chocolate-coated nuts and their by-products. |
|
|
|
|
No. of Employees : |
100 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Cyprus |
B2 |
B2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
CYPRUS - ECONOMIC OVERVIEW
The area of the Republic of Cyprus under government control has a market
economy dominated by the service sector, which accounts for four-fifths of GDP.
Tourism, financial services, and real estate have traditionally been the most
important sectors. Cyprus has been a member of the European Union (EU) since
May 2004 and adopted the euro as its national currency in January 2008. During
the first five years of EU membership, the Cyprus economy grew at an average
rate of about 4%, with unemployment between 2004 and 2008 averaging about 4%.
However, the economy tipped into recession in 2009 as the ongoing global
financial crisis and resulting low demand hit the tourism and construction
sectors. An overextended banking sector with excessive exposure to Greek debt
added to the contraction. Cyprus’s biggest two banks were among the largest
holders of Greek bonds in Europe and had a substantial presence in Greece
through bank branches and subsidiaries. Following numerous downgrades of its
credit rating, Cyprus lost access to international capital markets in May 2011.
In July 2012, Cyprus became the fifth eurozone government to request an
economic bailout program from the European Commission, European Central Bank
and the International Monetary Fund - known collectively as the
"Troika."
Shortly after the election of President Nikos ANASTASIADES in February
2013, Cyprus reached an agreement with the Troika on a $10 billion bailout that
resulted in losses on uninsured bank deposits. The bailout triggered a two-week
bank closure and the imposition of capital controls that were completely withdrawn
in April 2015. Cyprus' two largest banks merged and the combined entity was
recapitalized through conversion of some large bank deposits to shares and
imposition of losses on bank bondholders. As with other EU countries, the
Troika conditioned the bailout on passing financial and structural reforms and
privatizing state-owned enterprises. Despite downsizing and restructuring, the
Cypriot financial sector throughout 2014 remained burdened by the largest stock
of non-performing loans (NPLs) in the euro-zone, equal to nearly half of all
loans. Since the bailout, Cyprus has received positive appraisals by the Troika
but met its first signs of resistance to passing bailout-mandated legislation
in 2014. Political disagreements held up passage of contentious legislation
required by the Troika to reform bankruptcy rules, delaying disbursal of
bailout funds during the second half of the year. In October 2013, a US-Israeli
consortium completed preliminary appraisals of hydrocarbon deposits in Cyprus’
exclusive economic zone (EEZ), which revealed an estimated gross mean reserve
of about 140 billion cubic meters. Though exploration continues in Cyprus’ EEZ,
no additional commercially exploitable reserves were identified during the
exploratory drilling in 2014/2015. Nevertheless, developing its offshore
hydrocarbon resources remains a critical component to the government’s economic
recovery efforts. Industry experts say there may be exploratory and development
drilling in 2016 and 2017.
Economy - overview: Even though the
whole of the island is part of the EU, implementation of the EU "acquis
communautaire" has been suspended in the area administered by Turkish
Cypriots, known locally as the "Turkish Republic of Northern Cyprus"
("TRNC"), until political conditions permit the reunification of the
island. The market-based economy of the TRNC is roughly one-fifth the size of
its southern neighbor and is likewise dominated by the service sector with a
large portion of the population employed by the government. In 2012 - the
latest year for which data are available - the services sector, which includes
the public sector, trade, tourism, and education, contributed 58.7% to economic
output. In the same year, light manufacturing and agriculture contributed 2.7%
and 6.2%, respectively. Manufacturing is limited mainly to food and beverages,
furniture and fixtures, construction materials, metal and non-metal products,
textiles and clothing. The “TRNC” maintains few economic ties with the Republic
of Cyprus outside of trade in construction materials. Since its creation, the
"TRNC" has heavily relied on financial assistance from Turkey, which
supports the "TRNC" defense, telecommunications, water and postal
services. The Turkish Lira is the preferred currency, though foreign currencies
are widely accepted in business transactions. The "TRNC" remains
vulnerable to the Turkish market and monetary policy because of its use of the
Turkish Lira. The "TRNC" weathered the European financial crisis
relatively unscathed - compared to the Republic of Cyprus - because of the lack
of financial sector development, the health of the Turkish economy, and its
separation from the rest of the island. The TRNC economy experienced growth
estimated at 2.8% in 2013 and 2.3% in 2014 and is projected to grow 3.8% in
2015.
|
Source
: CIA |
|
Registered
Name |
E. NEOPHYTOU TRADING CO LIMITED |
||
|
English
Name |
E. NEOPHYTOU TRADING CO LIMITED |
||
|
Trade
Style: |
SERANO |
|
|
|
Registered
Address |
5 Trikomou, Dali Industrial Area, Nicosia,
2540, Cyprus |
||
|
Headquarters: |
5 Trikomou, Nicosia, 2540, Cyprus |
||
|
Telephone |
+35722433685 |
||
|
Fax |
+35722347581 |
||
|
E-mail |
|||
|
Web
Site |
|||
|
Legal
Type |
Limited Company |
||
|
Registration
No |
C64810 |
Registration
Date |
07/09/1994 |
|
Start
Date |
07/09/1994 |
Years
of Operation: |
21 |
|
Last
annual report |
14/01/2004 |
Latest
Annual Account Date |
31/12/2011 |
|
Last
return |
01/08/2014 |
Tax
Reg No: |
VAT: CY10064810Y |
|
CINFO
ID: |
CYC11628729 |
|
|
|
Status: |
Registered - Reminder note was sent |
||
|
Please
note that the company status (Registered - Reminder note was sent) is due to
the fact that the company did not submit its Annual Reports or pay the annual
fees as it is obliged by the law. In such cases a reminder letter is sent to
the company. In case they fail to comply a second reminder is sent and if
they fail again the Registrar of Companies and Official Receiver has the
right to start the procedure of erasing the company from its. |
|||
|
Employees |
June
2013 |
April
2012 |
|
|||
|
|
Company |
|
Company |
|
|
|
|
Total
Number |
100 |
|
100 |
|
|
|
|
Financial
Summary |
December
2011 |
December
2010 |
December
2009 |
|
|
EUR |
EUR |
EUR |
|
Revenue Sales |
13,192,818.00 |
14,572,055.00 |
12,200,230.00 |
|
Pre Tax Profit |
128,800.00 |
982,797.00 |
1,544,302.00 |
|
Working Capital |
2,981,694.00 |
4,204,198.00 |
6,064,938.00 |
|
Total Equity |
4,753,337.00 |
4,675,124.00 |
4,875,983.00 |
|
Long Term Debts |
4,878,773.00 |
2,402,716.00 |
2,729,983.00 |
|
Trend |
DOWN |
EVEN |
- |
|
Additional
Info: |
|
Legal
Advisor: ANDREAS CHATZISERGIS, Digeni Akrita &
Kleomenous, Akritas Tower, Apt. 502, Nicosia Correspondence:
EUROFAST GLOBAL LTD, 5 Chytron, Agioi Omologites, 1075, Nicosia, Tel.:
22699222 |
|
Payment Habits: |
Unknown |
- |
|
Financial strength |
Unable to comment |
Given the fact that no recent detailed
financial statements were released to us, we feel unable to express a safe
and reliable opinion on their creditability and Financial Strength. |
|
Date |
Event
Name |
Old
Value |
New
Value |
|
30/11/2000 |
Authorized Capital Increased |
100000.00 CYP |
300000.00 CYP |
|
Registered |
From: |
To: |
|
26, Chilis, Pallouriotissa, Nicosia, Cyprus, |
30/04/2003 |
01/04/2012 |
|
3, Agiou Spyridonos, Lykavitos, Nicosia, ,
Cyprus, |
07/09/1994 |
30/04/2003 |
|
Authorized
Capital |
513,000.00 |
EUR |
Issued
Capital |
513,000.00 |
EUR |
|
Nominal
No Of Shares |
300,000.00 |
|
Issued
No Of Shares |
300,000.00 |
|
|
Nominal
value |
1.71 |
EUR |
Paid
Up |
513,000.00 |
EUR |
|
Shares
Breakdown |
Value |
Issued
Shares Breakdown |
Class |
Type |
|
50000 |
Value 1.71 Euro |
50000 |
Class A |
- |
|
250000 |
Value 1.71 Euro |
250000 |
Class B |
- |
|
|
DIRECTORS |
Position |
Acts
As |
ID |
Occupation |
Age |
Appointed |
Other
dir. |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
NEOFYTOU
GIANNOS |
|
Director |
|
709319(ID) |
|
43 |
01/04/2012 |
No |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
12 Andrea Papandreou, Egkomi, 2414, Nicosia,
Cyprus |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|
NEOFYTOU
ANTONIS |
|
Director |
|
762733(ID) |
|
41 |
01/04/2012 |
No |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
54 Larnakos Avenue, 2nd Floor, Apt. 202, 1046,
Aglantzia, Nicosia, Cyprus |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|
NEOFYTOU
OLGA |
|
Director / Secretary |
|
443192(ID) |
Businesswoman |
67 |
07/09/1994 |
Yes |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
6 Theodorou Kolokotroni, Lykavitos, Nicosia,
1056, Cyprus |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
NEOFYTOU
MAIRI |
|
Director |
|
709320(ID) |
Businesswoman |
46 |
07/09/1994 |
No |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
7 Michail Zeniou, Pallouriotissa, 1040,
Nicosia, Cyprus |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|
NEOFYTOU
EVANGELOS |
|
Director |
|
150301(ID) |
Businessman |
69 |
07/09/1994 |
Yes |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
6 Theodorou Kolokotroni, Lykavitos, Nicosia,
1056, Cyprus |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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SECRETARY |
Position |
Acts
As |
ID |
Occupation |
Age |
Appointed |
Other
dir. |
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|
|
NEOFYTOU
OLGA |
|
Director / Secretary |
|
443192(ID) |
Businesswoman |
67 |
07/09/1994 |
Yes |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
6 Theodorou Kolokotroni, Lykavitos, Nicosia,
1056, Cyprus |
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|
SHAREHOLDERS |
ID /
Reg. No. |
Acts
As |
Nationality |
Shares |
% |
Shares
Breakdown |
Class |
Type |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
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|
NEOFYTOU
EVANGELOS |
|
150301(ID) |
|
CYPRIOT |
85000 |
28.33333 |
|
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3 Agios Spyridonos, Lykavitos, Nicosia, Cyprus |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
NEOFYTOU
OLGA |
|
443192(ID) |
|
CYPRIOT |
65000 |
21.66667 |
|
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|
6 Theodorou Kolokotroni, Lykavitos, Nicosia,
1056, Cyprus |
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|
NEOFYTOU
GIANNOS |
|
709319(ID) |
|
CYPRIOT |
50000 |
16.66667 |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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12 Andrea Papandreou, Egkomi, 2414, Nicosia, Cyprus |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
NEOFYTOU
MAIRI |
|
709320(ID) |
|
CYPRIOT |
50000 |
16.66667 |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
7 Michail Zeniou, Pallouriotissa, 1040,
Nicosia, Cyprus |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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NEOFYTOU
ANTONIS |
|
762733(ID) |
|
CYPRIOT |
50000 |
16.66667 |
|
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|
|
54 Larnakos Avenue, 2nd Floor, Apt. 202, 1046,
Aglantzia, Nicosia, Cyprus |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Activity
Code |
Description |
|
|
NACE 2.1 |
1039 |
Other processing and preserving of fruit and vegetables
- This class includes: - manufacture of food consisting chiefly of fruit or
vegetables, except ready-made dishes in frozen or canned form - preserving of
fruit, nuts or vegetables: freezing, drying, immersing in oil or in vinegar,
canning etc. - manufacture of fruit or vegetable food products - manufacture
of jams, marmalades and table jellies - roasting of nuts - manufacture of nut
foods and pastes - This class also includes: - manufacture of perishable
prepared foods of fruit and vegetables, such as: > salads; mixed salads,
packaged > peeled or cut vegetables > tofu (bean curd) - This class
excludes: - manufacture of fruit or vegetable juices, see 10.32 - manufacture
of flour or meal of dried leguminous vegetables, see 10.61 - preservation of
fruit and nuts in sugar, see 10.82 - manufacture of prepared vegetable
dishes, see 10.85 - manufacture of artificial concentrates, see 10.89 |
|
Line
of Business |
|
EE. Neophytou Trading Co LTD is currently engaged
exclusively in the import, processing and wholesale trade of dried fruit,
nuts ( peanuts, almonds, hazelnuts, cashews, pistachios, pecans, brazil nuts,
walnuts, chestnuts, popcorn, raisins) chocolate-coated nuts and their
by-products. |
|
|
Export
to |
Percentage |
|
|
China,
Greece, Hong Kong |
5% |
|
Export
Terms |
Percentage |
|
|
Cash Against Documents |
|
100% |
|
Import
from |
Percentage |
|
|
Brazil,
Bulgaria, China, Egypt, Philippines, France, Greece, India, Iran, Israel,
Italy, Lebanon, Malaysia, Netherlands, United States of America, Sri Lanka,
Tunisia |
100% |
|
|
Comments |
of raw materials |
|
|
Import
Terms |
Percentage |
|
|
Open account |
60 days |
100% |
|
Market
Territory |
|||
|
|
|
|
|
|
Local Presence: |
95% |
International Presence |
5% |
|
Sales |
|||
|
Sells To: |
General Public, Group Companies |
||
|
Sells to: Supermarkets, grocery shops, kiosks,
cafeterias, hotels, cruise ships, fruit markets, confectioneries, bakeries,
cinemas, ships, coffee shops. Selling terms: 60 days |
|||
|
Premises |
|||
|
|
|
Type |
Headquarters |
|
Address: |
5 Trikomou, Dali, 2044, PoBox 29055, Nicosia,
Cyprus |
||
|
Headquarters
comprise of |
Offices, Factory, Warehouse |
||
|
Headquarters
are |
Owned |
||
|
|
|
|
|
|
|
|
Type |
warehouse
in Limassol |
|
Country |
Cyprus |
|
|
|
Town/City: |
Limassol |
Minor
Town: |
Ypsonas |
|
Location
Phase: |
Ayios Sylas Industrial Area |
||
|
Branch
comprises of |
Warehouse |
||
|
Branch
is |
Rented |
||
|
|
|
|
|
|
|
|
Type |
warehouse
in Dali |
|
Country |
Cyprus |
|
|
|
Town/City: |
Nicosia |
Minor
Town: |
Dali |
|
Street: |
4, Trimithiou Street |
|
|
|
Branch
comprises of |
Warehouse |
||
|
Branch
is |
Owned |
||
|
|
|
|
|
|
|
|
Type |
warehouse
in Nicosia |
|
Country |
Cyprus |
|
|
|
Town/City: |
Nicosia |
Minor
Town: |
Kaimakli |
|
Branch
comprises of |
Warehouse |
||
|
BANKS |
|
BANK OF
CYPRUS PUBLIC COMPANY LIMITED |
|
51 Stasinou, Agia Paraskevi, Strovolos, 2002,
Nicosia, Cyprus Comment: Reportedly, an overdraft facility of
1.950.000 Eur is available and utilised. |
|
BANK
OF CYPRUS PUBLIC COMPANY LIMITED (ex
CYPRUS POPULAR BANK PUBLIC CO LTD) |
|
39 Archiepiskopou Makariou C' Avenue, 2025,
Nicosia, Cyprus |
|
HELLENIC
BANK PUBLIC COMPANY LIMITED |
|
200 Lemesou, & Athalassas Corner,
Strovolos, 2025, Nicosia, Cyprus |
|
Affiliates
and Subsidiaries |
Relation |
Country |
Year
Reg. |
|
Green Gold Marketing Co Limited |
Affiliated Company |
Cyprus |
|
|
|
|||
|
DOUBLE DEAL DEVELOPMENT LIMITED |
Affiliated Company |
Cyprus |
|
|
No |
Date
registered |
Date
prepared |
Type |
Description/No |
Amount |
Sequence |
Beneficiary |
|
1 |
23/01/2015 |
12/01/2015 |
Floating Charge on all Company's Assets |
|
3,000,000.00 EUR |
- |
Bank of Cyprus Public Company Limited |
|
2 |
17/12/2012 |
12/12/2012 |
Floating Charge on all Company's Assets |
|
250,000.00 EUR |
- |
Cyprus Popular Bank Public Co Ltd |
|
3 |
26/11/2009 |
23/11/2009 |
Floating Charge on all Company's Assets |
|
500,000.00 EUR |
- |
Cyprus Popular Bank Public Co Ltd |
|
4 |
07/11/2007 |
31/10/2007 |
Floating Charge on all Company's Assets |
|
500,000.00 CYP |
- |
Bank of Cyprus Public Company Limited |
|
5 |
28/01/2002 |
23/01/2002 |
Floating Charge on all Company's Assets |
|
200,000.00 CYP |
- |
Hellenic Bank Public Co. Limited |
|
6 |
26/01/2001 |
15/01/2001 |
Floating Charge on all Company's Assets |
|
100,000.00 CYP |
- |
Bank of Cyprus Public Company Limited |
|
7 |
26/01/2001 |
15/01/2001 |
Fixed Charge on the Company's Machinery |
|
250,000.00 CYP |
- |
Bank of Cyprus Public Company Limited |
|
8 |
07/11/1994 |
25/10/1994 |
Floating Charge on all Company's Assets |
|
100,000.00 CYP |
- |
Bank of Cyprus Public Company Limited |
|
9 |
07/11/1994 |
25/10/1994 |
Floating Charge on all Company's Assets |
|
47,500.00 CYP |
- |
Bank of Cyprus Public Company Limited |
|
|
Total
Number |
Total
Amount (EUR) |
|
Floating Charge on all Company's Assets |
8 |
5,368,899.87 |
|
Fixed Charge on the Company's Machinery |
1 |
427,150.36 |
|
TOTAL
CHARGES |
9 |
5,796,050.23 |
A check against our records revealed that no
negative payment incidents against the subject company, such as unpaid bills or
bankruptcies exist.
Corporate
financial statement
|
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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.
We contacted the Company in question, where we
talked to Mr. Michalis Solomonides who could not provide any information
regarding the Subject, due his very busy schedule and asked for a written
questionnaire. Additionally, a written questionnaire was sent; however there is
no response until now. Should any additional information become available, we
will provide you with a revised report. Please note that this report contains
information from a previous interview with Mr. Solomonides, in October 2013.
|
Name: |
Mr. Michalis Solomonides |
||
|
Position: |
company |
Area: |
financial |
|
Title: |
controller |
|
|
|
Couldn't
supply |
|||
|
Any
info |
|||
|
A
questionnaire was sent - no reply received |
|||
|
http://www.serano.com.cy/company-media/news/e-neophytou-trading-ltd-at-the-food-expo-athens-greece/
|
16/02/2015 |
|
E. Neophytou Trading Ltd at the Food Expo
Athens (Greece) The year 2015 started with high expectations
as the feedback from ISM in Cologne, Germany and GULFOOD in Dubai prepared
the Serano management for a very busy and productive year. Our company will be duly represented with a
booth in the Cyprus section of the Food Expo Athens (Greece) on 14-16 of
March 2015 and in IFE in London on 22-23 of March 2015. Both of these upcoming opportunities are ideal
for all the visitors to talk to our representatives in person and get a first
"taste" of our products. To book an appointment, please contact Mr.
Yiannos Neophytou, our company's representative and Export Manager. |
|
|
http://www.serano.com.cy/company-media/news/e-neophytou-trading-lrd-launches-new-website/
|
18/02/2015 |
|
The new corporate website formally introduces
the full range of its products and its brand - Serano - to the Internet by
providing information about the company’s products as well as its
manufacturing and distribution processes. According to Mr. Evangelos Neophytou,
CEO of E. Neophytou Trading Ltd, “The launch of this website is an integral
part of the company's marketing effort to highlight the company behind the
products that are becoming increasingly popular around the world." The new website brings information to the
public about the company as well as its full range of products. Using an
intuitive navigation, enhanced with the Serano brand yellow and blue colors,
it provides a wide range of information to website visitors. Company section It was essential for us to let our customers
know about how E. Neophytou Trading Ltd started in 1974. We would like also
to inform our partners about our manufacturing and packaging facilities,
introduce our state of the art factory in Nicosia, and realize our dominant
power in logistics and distribution in Cyprus. Products section We also wanted to give the opportunity to our
customers to learn more detailed information about the whole range of our
product in terms of packaging, effectiveness, nutrition and logistics. Although
our customers will also have the opportunity to download our company’s
corporate catalogue if it’s needed. Media section Videos and photos from previous and current
marketing campaigns or events will be available, giving a more clear idea to
our partners about our marketing philosophy. Education section The new Serano website is not just a corporate
website but also has an educational character the will inform the general
public through the different social media channels of the company about various
research made all over the world and how each nut or dried fruit is essential
in every diet. Recipes section Furthermore, our website will include a
recipes section that will be constantly enriched so that our consumers will
have the fluency to get ideas on how to use nuts and dried fruits in their
diet on a daily basis. The website was developed by Global Reach
(Cyprus) Ltd, one of the leading web development and design companies in
Cyprus. |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.75 |
|
|
1 |
Rs.100.12 |
|
Euro |
1 |
Rs.71.20 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIT |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.