Page 1
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ELEKORA GENERAL SERVICES
3,
Office 205-207 Fax : 357-22661205
1303
Managing Director : Athena Kaloyerou
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STATUS REPORT
Our Ref : LA2/7
Your Ref :
Area :
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NAME/ADDRESS
Name Enquired Under : ORPHANIDES PUBLIC CO LTD
Correct Business Name : Orphanides Public Co Ltd
Company Reg No : 28310
Address : 20-22 Yianou Kranidioti
Avenue, Larnaca -
P.O.Box : 42131 PC6531
Tel : 24846000 24846291 A/C
Fax : 24638449
Email : orphanides@cytanet.com.cy
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PRINCIPALS
Name Title Shares
---- ----- ------
Board of Directors
Christos Orfanides CHAIRMAN 60,510%
Georgios HjMichael DIRECTOR 0.030%
Simos Kyriakides DIRECTOR 0.120%
Dinos Lefkarites DIRECTOR
Polis Kourousides DIRECTOR
Marios Antoniades DIRECTOR
(Aristidou 24, 2370
Ayios Dometios)
Michael Petsas DIRECTOR
Chris Philactou DIRECTOR
Omnium Secretarial Ltd SECRETARY
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Orphanides Public Co Ltd Page 2
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FINANCES
BALANCE SHEET 2008 2007
Fixed Assets EUR 294,100,280 EUR 261,094,443
Investments EUR 13,137,218 EUR 12,902,181
(1) Non-Current Assets EUR 307,237,498 EUR 273,996,624
Inventories EUR 20,404,018 EUR 15,675,269
Debtors EUR 7,225,308 EUR 3,299,022
Cash at Bank & in Hand EUR 2,079,386 EUR 3,607,944
(2) Current Assets EUR 29,708,712 EUR 22,582,235
Payables EUR 77,981,631 EUR 62,024,358
Short Term Loans & Overdrafts EUR 27,243,475 EUR 21,902,825
(3) Current Liabilities EUR 105,225,106 EUR 83,927,183
Other Liabilities EUR 18,613,160 EUR 18,348,498
Long Term Loans EUR 71,542,431 EUR 52,775,421
(4) Non-Current Liabilities EUR 90,155,591 EUR 71,123,919
Share Capital EUR 27,528,517 EUR 27,667,768
Reserves EUR 114,036,996 EUR 113,859,989
(5) Net Worth EUR 141,565,513 EUR 141,527,757
PROFIT & LOSS 2008 2007
(1) Turnover EUR 179,221,395 EUR 139,502,016
(2) Gross Profit EUR 30,838,716 EUR 25,877,232
(3) Net Profit EUR 501,011 EYR 1,812,156
Consolitated Balance Sheet and Profit and Loss Account as at 31.12.08
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REGISTERED CHARGES
17.12.86 CYP 50,000 Fixed Charge Marfin Popular Bank
20.05.94 CYP 600,000 Mortgage " " "
30.09.94 CYP1,500,000 Fixed Charge " " "
25.10.94 CYP 500,000 Mortgage " " "
12.01.95 CYP 140,000 Fixed Charge Cyprus Development Bank
17.01.95 CYP 3,750 Mortgage Marfin Popular Bank
18.01.95 CYP1,000,000 Mortgage Marfin Popular Bank
20.01.95 CYP 610,000 Fixed Charge " " "
26.04.95 CYP 300,000 " " " " "
05.10.95 CYP 500,000 Fixed Charge Marfin Popular Bank
06.10.95 CYP 500,000 Mortgage " " "
13.11.98 CYP 800,000 Mortgage Marfin Popular Bank
13.11.98 CYP4,000,000 " " " "
Orphanides Public Co Ltd Page 3
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REGISTERED CHARGES (Continue...)
22.07.99 CYP1,755,000 Mortgage
7.7.00 CYP 707,000 Mortgage Marfin Popular Bank
25.9.00 CYP2,700,000 " Bank of
17.7.02 CYP4,000,000 " Marfin Popular Bank
30.7.02 CYP2,000,000 " Marfin Popular Bank
9.2.05 CYP1,000,000 Mortgage Marfin Popular Bank
11.3.05 CYP 540,000 Assignment of
Revenues Marfin Popular Bank
21.6.05 CYP 600,000 Mortgage Bank of
Annual Return Date : 25/ 6/2003
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BANKERS
Marfin Popular Bank (Main Branch -
Cyprus
Development Bank (
Arab Bank (Larnaca)
Bank of
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PAYMENTS
Credit Rating : .
Opinion on Credit Figure Asked
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HISTORY
Firm Type : Public Limited Liability
Started :
Incorporation Date :
Under the Name : Chris Orphanides Stores Ltd
name changed on 4.12.87 Laiki Iperagora
Orphanide Ltd name changed on 5.6.04
Orphanides Public Co Ltd
Authorised Capital : 125,000,000 shares
Issued & Paid Capital : 80,966,125 shares
Value Per Share : EUR 0.34
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OPERATIONS
Importers, Wholesalers, Retailers, Distributors
Activities
Operation of supermarkets renting of shops and investments in
immovable property.
Orphanides Public Co Ltd Page 4
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OPERATIONS (Continue...)
Import From : Worldwide
Export To :
Agencies Held / Suppliers
Iceland Frozen
food (U.K), Lafortezza S.P.A (
(
(
Number of Employees : 1,100
Number of Customers :
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PREMISES
Offices, Warehouses, supermarkets, Owned, New, Large
Approx Size : LIM shop/Mall 30,000sqm,LCA 8,000sqm,NIC 59,000sqm
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COMMENTS
The company was established on 29.11.86 as a private Limited Liability
On 29.7.98 it was turned Public and in December 1998 entered the
The subject has the following subsidiary companies:
1. Grangowood Trading Ltd, 2. Klitos Supermarket Ltd
3. A. Antonescous Hypermarket Ltd, 4. Bosalika Ltd, 5. Stalico Ltd
6. Neanto Ltd, 7. Asta Supermaket Ltd.
The subject
now operates 18 supermarkets around
Paphos.
Their orders vary from EUR5,000 to EUR100,000 each shipment.They are
trading on L.C basis with 30 to 120 days credit, open account 90-120
days or C.A.D.
They own 14 vehicles for their needs.
They are the
largest group of supermarkets in
doing very well.
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Interviewed : Mr. Antonis Lazarides F/Contro Date : 6/ 7/2009
Signed :
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