MIRA INFORM REPORT
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Report No. : |
320477 |
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Report Date : |
07.05.2015 |
IDENTIFICATION DETAILS
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Name : |
PAPADOPOULOS I. & G. & CO. O.E. (ALFA NUTS) |
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Registered Office : |
Building name: 333 Tatoiou Ave, Acharnes 13671, Attica |
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Country : |
Greece |
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Date of Incorporation : |
12.07.1994 |
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Com. Reg. No.: |
084016390 |
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Legal Form : |
General Partnership (OE) |
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Line of Business : |
Subject is engaged in imports, processing and wholesale trade of nuts and
dehydrated fruit. |
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No. of Employee : |
Not Available |
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 : |
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 worldFINANCIAL%20-%20320477%2007-May-2015_files/image006.gif){kind=small}
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 reduced the deficit to
about 4% in 2013, including government debt payments, but the deficit spiked to
12.7% of GDP in 2014. 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 productMARKETS.
Athens, however, faced 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, and 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 $60 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. Greece's lenders have continually called on Athens to step up efforts
to increase tax collection, dismiss public servants, privatize public
enterprises, and rein in health spending. Investor confidence, however, began
to show signs of strengthening by the end of 2013, and the decline in GDP
slowed to 3.9% that year, Greece’s best performance since 2009. Greece
subsequently marked three significant milestones in 2014: balancing its 2013
budget—not including debt repayments; re-entering financial markets in April
with the first issue of government debt since 2010; and posting its first quarter
of positive growth since 2008. Buoyed by Greece’s success, Prime Minister
Antonios SAMARAS in October announced plans to exit its bailout program early,
provoking a plunge in the Greek stock and debt markets that pushed Greece back
to the negotiating table with its creditors and ultimately resulted in an
agreement to extend the EU portion of Greece’s bailout through February 2015.
|
Source
: CIA |
Basic
Information
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Registered Name |
PAPADOPOULOS I.
& G. & CO. O.E. (ALFA NUTS) |
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Trade Name |
ALFA NUTS |
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Registered Address |
Building name: 333 Tatoiou Ave, Acharnes 13671, Attica, Greece |
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Telephone |
+302108076844 |
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Fax |
+302108077043 |
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E-mail |
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Web Site |
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Status |
Registered and operational |
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Legal Type |
General Partnership (OE) |
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VAT Number |
084016390 |
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Registration No |
084016390 |
Registration Date |
12/07/1994 |
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Start Date |
12/07/1994 |
Years of Operation |
21 |
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Last return |
05/05/2015 |
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CINFO ID |
27567300 |
Payment
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Assessment: |
Above Average Risk |
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Payment habits: |
No complaints |
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Capital
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No capital information available |
Corporate
Structure
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Secretary |
Position |
ID |
Nationality |
Occupation |
Age |
Appointed |
Other dir. |
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No information
available |
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Other Relations |
Position |
ID |
Nationality |
Appointed |
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Papadopoulos, Ioannis |
Administrator |
- |
Unknown |
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Shareholders |
ID/Reg. No. |
Nationality |
Shares |
% |
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Papadopoulos, Georgios |
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Greece |
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41 |
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Papadopoulos, Ioannis |
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Greece |
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59 |
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Operation
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Activity Code |
Description |
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51.38 |
Wholesale of other food, including fish, crustaceans and molluscs |
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15.33 |
Processing and preserving of fruit and vegetables n.e.c. |
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Line of business |
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The subject company is engaged in imports,
processing and wholesale trade of nuts and dehydrated fruit. |
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Purchases |
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No information
available |
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Export to |
Payment terms |
Percentage |
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France |
- |
N/A |
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Import from |
Payment terms |
Percentage |
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China, India, United States Minor Ouykying Islands |
- |
N/A |
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Banks |
Swift code |
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ALPHA BANK |
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Premises |
Date Updated |
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No information
available |
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Affiliates and Subsidiaries |
Country |
Relation |
Date Reg. |
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No information
available |
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Agencies and Suppliers |
Country |
Relation |
Date Reg. |
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NATEX S.A. |
Unknown |
Supplier |
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CHARGES
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No |
Date Registered |
Date Prepared |
Type |
Description |
Amount |
Secondary amount |
Property |
Unit |
Beneficiary |
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No information
available |
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Charges
History
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No |
Date Registered |
Date Prepared |
Date End |
Type |
Description |
Amount |
Secondary amount |
Property |
Unit |
Beneficiary |
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No information available |
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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 1994 having a legal seat at Acharnes Attiki to undertake
the business activities of the firms: - 1) D. PAPADOPOULOS O.E.( established in
1979) - 2)
JOHN D. PAPADOPOULOS (established in 1984) and 3) A. PAPADOPOULOU & CO O.E.
( established in 1990). Subject is engaged in the trade of nuts and dehydrated
fruit and operates in close connection with the affiliated firm PAPADOPOULOS
BROS O.Ε.
CERTIFICATIONS:
ISO 9001:2008, TUV HELLAS (TUV NORD) S.A.
H.A.C.C.P., TUV HELLAS (TUV NORD) S.A.
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, publicly available sources
Contact
Information
|
No information available |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.64 |
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|
1 |
Rs.96.81 |
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Euro |
1 |
Rs.71.51 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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Report Prepared
by : |
ANK |
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.