Page 1
________________________________________________________________________
ELEKORA GENERAL SERVICES
3,
Office 205-207 Fax : 357-22661205
1303
Managing Director : Athena Kaloyerou
________________________________________________________________________
STATUS REPORT
Our Ref : N48/2
Your Ref :
Area :
________________________________________________________________________
NAME/ADDRESS
Name Enquired Under : LANITIS BROS LTD
Correct Business Name : Lanitis Bros Ltd
Company Reg No : 173
Address : Kyriacou Matsi No66
Engomi -
P.O.Box : 22000 PC1515
Tel : 22885000
Fax : 22354444
________________________________________________________________________
PRINCIPALS
Name Title Shares
---- ----- ------
BOARD OF DIRECTORS
Vlademiros N. Lanitis CHAIRMAN 50.600%
Michalis Erotokritos DIRECTOR 0.000%
Andreas Gregoriou DIRECTOR 0.000%
Ivi Laniti DIRECTOR 7.620%
Kyriacos Th. Michaelides DIRECTOR 0.030%
Michalis Spanos DIRECTOR 6.330%
Rona Petri SECRETARY
________________________________________________________________________
FINANCES
2002 2003 2004
Sales/Turnover : CYP 46,241,595 CYP 50,131,379 CYP 51,457,869
Profit/(Loss) : CYP (1,531,703) CYP 1,247,826 CYP 463,832
Estimated Value of Stock Held : CYP 4,652,459
Balance Sheet Summary at year end: 2003 2004
Non-Current Assets : CYP49,500,391 CYP48,572,646
Current Assets : CYP23,266,759 CYP21,550,850
Short Term Liabilities : CYP9,308,154 CYP8,264,693
Lanitis Bros Ltd Page 2
________________________________________________________________________
Balance Sheet Summary at year end: (Continue...)
Long Term Liabilities : CYP4,451,235 CYP3,274,369
Net Worth : CYP59,007,761 CYP58,584,434
Consolidated Balance Sheet, Profit & Loss Account and Balance Sheet
of the subject as at 31.12.04 are attached.
________________________________________________________________________
REGISTERED CHARGES
19.11.91 CYP1,000,000 Floating Charge Hellenic Bank Ltd
19.11.91 CYP1,000,000 Fixed Charge " " "
05.58.93 CYP1,000,000 Floating Charge " " "
05.08.93 CYP1,000,000 Fixed Charge " " "
21.02.91 CYP1,000,000 Floating Charge " " "
21.02.91 CYP1,000,000 Fixed Charge " " "
16.05.96 CYP1,000,000 Floating Charge
10.04.97 CYP1,000,000 " " " " "
Annual Return Date : 24/ 7/2000
________________________________________________________________________
BANKERS
Hellenic Bank
(Central Branch
National Bank
of
Alpha Bank
(Central Branch
The Arab Bank PLC(Central Branch
________________________________________________________________________
PAYMENTS
Payment Experience : Regular
Opinion on Credit Figure Asked
GBP34,000 The subject is good for the credit involved.
________________________________________________________________________
HISTORY
Firm Type : Public Limited Liability
Started :
By Name : Lanitis Bros Ltd.
Incorporation Date : 18/ 5/1944
By Name : Lanitis Bros Ltd.
Authorised Capital : 500,000,000 SHARES
Issued & Paid Capital : 250,000,000 SHARES
Value Per Share : CYP0.20
________________________________________________________________________
OPERATIONS
Lanitis Bros Ltd Page 3
________________________________________________________________________
Importers, Manufacturers, Distributors
Activities
Manufacturers of soft drinks
Bottlers of Coca-Cola,Fanta,Sprite, Kinley Soda, Schweppes, Lanitis
Squash ,juices. Importers of Heineken & Amstel Beers.
Fage A.E. (dairy products)-
Import From :
Export To :
Agencies Held / Suppliers
Authorised bottlers of Coca-Cola Co, Schweppes Co Distributors of
Heinoken Amstel Beers & Fage. A.E.Energy Drinks Absolut Bull & Blue
Number of Employees : 489
Number of Customers :
________________________________________________________________________
PREMISES
Offices, Factory, Owned, Old, Large
Approx Size : Very Large
________________________________________________________________________
COMMENTS
The firm was established on 18.5.1944 by Mr Nicos C. Lanitis as a
Public company and entered the Cyprus Stock Exchange on 8.3.2000.
The subject is being managed by Mr Vlademeros Lanitis, since 1983. He
was born in 1955 and holds a B.A. from Duke University of North
Carolina of U.S.A. and a Masters degree in Business Administration
from Tulane
"ELBEE Ltd" is a subsidiary company owned by the subject (100%) and is
the sole distributor of their products in the Limassol area.
Their orders are around EUR500,000 each shipment but when machinery
is involved the sum becomes around EUR2,000,000. They own a fleet
of 386 vehicles,vans, delivery lorries and ordinary lorries of various
tonnages for their needs.
The subject is financially strong and undoubted for any transaction.
________________________________________________________________________
Interviewed : Mr Savvas Pavlou-Accountant Date : 5/ 4/2005
Signed :
________________________________________________________________________