EXAMPLE OF BUSINESS INFORMATION ON FOREIGN COMPANY

Europe Zone B

NAME ADDRESS:
MECOS file number: NIC032402
Correct Registered Name: CALLOUPPAS & PAPACOSTAS PUBLIC CO. LIMITED
Address: MEMRB Bldg., 18th-20th-12th Floor, 29, Academias Ave., MEMRB Bldg
Nicosia
2107 Aglantzia CYPRUS
P.O.Box: 23841 - 1686 Nicosia
Telephone: +357-22-550400
Fax: +357-22-550475
Email: info@cp-group.com
Web: www.cppublic.com

LEGAL STATUS:
Legal Form: Public Limited Liability Company
Date of foundation: 01.01.1982
Registration number and city: C17358 Nicosia
Registration date: 22.04.1982
Present Style Adopted on: 22.11.1999
Former legal form: Private Limited Liability Company, valid since: 22.04.1982
Former registration name: IALER LIMITED, valid since: 22.04.1982, until: 07.02.1983
CALLOUPAS & PAPACOSTAS TRADING CO. LIMITED, valid since: 07.02.1983, until: 28.06.2005
Former company names: IALER LIMITED
CALLOUPAS & PAPACOSTAS TRADING CO. LIMITED
Former Legal Form: Private Limited Liability Company valid since: 22.04.1982

PAYMENT RECORDS: No complaints
GOOD FOR AMOUNT & TERMS OF ENQUIRY: Yes
Safer to split the amount into 2 lots.
COMMERCIAL MORALITY: Good
FINANCIAL STRENGTH: Very good
INSOLVENCY: According to available information sources the company is not in a insolvency/Preliminary/debt regulation proceeding.

SHAREHOLDERS:
Full Name Function Nationality EQUITY
Mr. Costas Papacostas Shareholder CYPRUS 15.86%
5,851,180 Ordinary
Mr. Polis A. Calloupas Shareholder CYPRUS 24.66%
10,656,393 Ordinary
Ms. Lisa Mallouppa Shareholder CYPRUS 12.30%
5,316,775 Ordinary
Mr. George Xinaris Shareholder   40.62%
17,552,273 Ordinary
Mr. Stavros Yiannakis Shareholder CYPRUS 6.56%
2,834,250 Ordinary
MANAGEMENT: 
Full Name Function Experience
MPT SECRETARIAL SERVISES LIMITED Secretary  
Mr. Harry Georgakis Director / Financial Controller N/A
Mr. Costas Papacostas Vice-Chairman N/A
Mr. Polis A. Calloupas Chairman of the Executive Board Mr. Polys Calloupas is a founding member and main shareholder of the Calloupas & Papacosas Trading Co. Ltd. He is Executive Chairman of the Calloupas & Papacostas group of Companies.
Mr. Vaggelis Sykopetritis Director He is a member of the Boards of Directors of several private and listed companies and he is a partner in audit firm SIS Inpact International based in Limassol.
Ms. Costas Toumpouris Director Costas Toumpouris studied in London where he became a member of the Association of Chartered Certified Accountants (ACCA) in 1981.
Mr. George Xinaris Director He studied Business Administration at A.S.O.E.E. and then attended at Stirling University where in 1990 he got his MBA in International Business and International Finance.

ACTIVITIES:  Importers & Wholesalers & Distributors & Retailers
BUSINESS ACTIVITY  Retail sale of electrical household appliances, radio and television goods, musical instruments and recorded media
 Retail sale of clothing
IMPORTS: UNITED STATES, EUROPEAN UNION, FAR EAST
Payment terms:
O/A (Open Account) 85 days
EXPORTS: To: Not Applicable
Terms: Not Applicable
NUMBER OF EMPLOYEES: 211
DESCRIPTION OF PREMISES: Headquarters: The company is operating from rented offices, which are housed at MEMRB Tower, located at the address given overleaf. The company’s offices are occupying the 8th, 10th and 11th floors of the building.

RELATED COMPANIES:

Subsidiary Company
EAILIOS ELIADAS TRADING LIMITED , CYPRUS , National ID: NIC049304

Subsidiary Company
LUXUS COLLECTION LIMITED , CYPRUS

Subsidiary Companies:

"Tetrotel Co. Ltd" - Wholly owned subsidiary company. It was registered in Cyprus in 1992. It is involved in the import and wholesale trade and installation of telephone systems and other telecommunication equipment (i.e. authorised agent of brand names such as Panasonic, Alcatel, General Electric, Topcom, etc.).*

"Calloupas & Papacostas Casual Wear Ltd” - Wholly owned subsidiary company. It was registered in Cyprus in 1996. It is involved in the retail trade of all the products of the group as well as imported products in a large discount warehouse.

"Luxus Retail Trade Ltd" - Subsidiary company of Calloupas & Papacostas Trading Ltd, which is holding the 80% of the company's shares. It was registered in Cyprus in 1997. It is involved in the import and retail trade of household items, such as cutlery, kitchen ware, porcelain, gift items, etc. (agent of brand names such as WMF, Silit, Alfi, Glasax, etc)

"Calloupas & Papacostas (Hellas) Ltd" - Wholly owned subsidiary company of Calloupas & Papacostas Trading Ltd. It was registered in Cyprus in the year 1999. It carries out investment activities (mainly holding companies' share capital).

"Calloupas & Papacostas (Hellas) S. A." - Wholly owned subsidiary company of Calloupas & Papacostas (Hellas) Ltd. It was registered in Greece in the year 2000. It is involved in the import and retail trade of clothes and shoes, in Greece. It is the franchisee of "Mango" and "Bagatt" in Greece.

"MPT Secretarial Services Ltd” - Wholly owned subsidiary company. It was registered in Cyprus in 1996. The company provides secretarial services to group companies.*

"Eailios Eliades Trading Ltd" - Subsidiary company of Calloupas & Papacostas Trading Co. Ltd holding the 51% of the company’s shares. It is registered in Cyprus on 2nd of July 2001. It is involved in the import and trade of electrical and electronics products of brand names such as Smeg, Ariete, General, Fujitsu, Panasonic, Thomson, Sanyo, Pioneer, Trilec )

"M&C Climate Control Ltd” – Newly established company.

BANKERS:

BANK OF CYPRUS PUBLIC COMPANY LIMITED
6, Evrou Str, Markides Bld, 2003, Strovolos Tel:+357 22847913 Fax:+357 22336367

HELLENIC BANK PUBLIC COMPANY LIMITED
Corner 200 Limassol Ave. & Athalassas Ave. 2025 Strovolos PO Box 24747 - 1394 Nicosia Tel:+357 22500000 Fax:+357 22500050 E-mail: hellenic@hellenicbank.com

MARFIN POPULAR BANK PUBLIC LIMITED
11-13, Arch. Makarios III Ave., 1065 Nicosia,City Centre, Nicosia Tel:+357 22887766, Fax:+357 22812683

National Bank of Greece
36, Arch. Makarios III ave., P.O. Box 21191, 1597 Nicosia Tel: 00357 22-840282, 840271, 840261

PRESS:

08.11.2007, http://www.stockwatch.com.cy/nqcontent.cfm?a_name=
Calloupas & Papacostas: Change of position of Board members
Calloupas & Papacostas Public Co Ltd announces that the duties of the Group’s Managing Director will be exercised by B’ Executive Vice Chairman, Minos Charalambous with effect from Thursday, November 8, 2007. Mr. Yiannis Antoniades will continue to be a Non-Executive member of the Board of Directors.

21.12.2007, http://www.stockwatch.com.cy/nqcontent.cfm?a_name=
Calloupas & Papacostas expects improvement in final results 2007
Pursuant to the CSE and SEC Regulations and in order to fully inform the shareholders and the investing public in general, Calloupas & Papacostas Public Co Ltd announces that the profits for 2007 are expected to show improvement compared to the profits of 2006.
This improvement is attributable to the surplus resulting from the revaluation of investment property on the basis of a revaluation carried out by independent professional valuators.

29.02.2008, http://www2.stockwatch.com.cy/nqcontent.cfm?a_name
Further to the announcements on the decision of the Board of Directors of Calloupas & Papacostas Public Co Ltd for the payment of an interim dividend, we wish to inform you the following:
1. The Board of Directors decided to pay an interim dividend of 7.5% on the nominal value of the share, that is €2.57 cents (£1.5 cents) per share. The interim dividend stands at €1,110,519 and will show an increase of 50% compared to the total dividend paid last year.

2. The cum-dividend date will be Wednesday, March 19, 2008.
3. The ex-dividend date will be Thursday, March 20, 2008.
4. The interim dividend will be paid to the shareholders on Monday, April 7, 2008.
This change was deemed necessary since there will be no CSE sessions and settlements on March 21 and 24, 2008 due to the Catholic Easter holidays.

SHARE CAPITAL:
Registered capital:   CYP 20,000,000.00 since 22.04.1982
Number of Ordinary: 100,000,000  
Value per share of Ordinary: CYP 0.20  
 
Issued capital:   CYP 8,642,173.40 since 22.04.1982
Number of Ordinary: 43210867  
Value per share of Ordinary: CYP 0.20  
 
Paid-up capital:   CYP 8,642,173.40 since 22.04.1982
of which paid in cash: CYP 8,642,173.40  

CHARGES: 
31.08.1988 Floating Charge on all Company's Assets CYP 250,000.00 in f/o:Bank of Cyprus Public Limited
10.04.1989 Fixed Charge on the Company's Machinery CYP 15,000.00 in f/o:Bank of Cyprus Public Limited
20.05.1992 Floating Charge on all Company's Assets CYP 150,000.00 in f/o:Bank of Cyprus Public Limited
08.05.1995 Floating Charge on all Company's Assets CYP 200,000.00 in f/o:Bank of Cyprus Ltd
07.07.1997 Mortgage CYP 250,000.00 in f/o:National Bank of Greece (Cyprus) Limited
07.07.1997 Floating Charge on all Company's Assets CYP 100,000.00 in f/o:National Bank of Greece (Cyprus) Limited
07.07.1997 Mortgage CYP 250,000.00 in f/o:National Bank of Greece (Cyprus) Limited
22.01.1999 Mortgage CYP 180,000.00 in f/o:Bank of Cyprus Public Limited
23.04.1999 Fixed Charge on the Company's Motor Vehicle CYP 6,800.00 in f/o:Marfin Popular Public Bank Limited
25.08.1999 Floating Charge on all Company's Assets CYP 250,000.00 in f/o:Marfin Popular Public Bank Limited
25.10.1999 Floating Charge on all Company's Assets CYP 200,000.00 in f/o:Marfin Popular Public Bank Limited
06.04.2001 Floating Charge on all Company's Assets CYP 300,000.00 in f/o:National Bank of Greece (Cyprus) Limited
03.05.2001 Floating Charge on all Company's Assets CYP 500,000.00 in f/o:Bank of Cyprus Public Limited
22.10.2001 Mortgage CYP 720,000.00 in f/o:Marfin Popular Public Bank Limited
01.07.2002 Mortgage CYP 170,000.00 in f/o:Marfin Popular Public Bank Limited
06.09.2002 Floating Charge on all Company's Assets CYP 400,000.00 in f/o:National Bank of Greece (Cyprus) Limited
21.02.2003 Mortgage CYP 32,000.00 in f/o:Marfin Popular Public Bank Limited
12.11.2003 Floating Charge on all Company's Assets CYP 300,000.00 in f/o:Bank of Cyprus Public Limited
02.12.2005 Fixed Charge CYP 170,000.00 in f/o:Marfin Popular Public Bank Limited
02.12.2005 Floating Charge CYP 200,000.00 in f/o:Marfin Popular Public Bank Limited
26.06.2006 Mortgage CYP 1,000,000.00 in f/o:Marfin Popular Public Bank Limited
29.06.2006 Mortgage CYP 500,000.00 in f/o:Marfin Popular Public Bank Limited

FINANCE: 
Amounts shown in Cyprus Pounds (CYP)  2007 2006 2005
PROFIT LOSS
Sales Turnover 26,487,223.00 23,117,942.00 27,250,711.00
Cost of Sales -15,516,947.00 -13,985,278.00 -19,771,901.00
Gross Profit 10,970,276.00 9,132,664.00 7,478,810.00
Other Operating Income 2,727,544.00 785,378.00 1,032,237.00
Selling / Distribution / Promotional Expenses -7,512,275.00 -6,079,610.00 -6,972,388.00
Administrative Expenses -1,812,079.00 -1,731,831.00 -1,987,020.00
Other Operating Expenses -21,597.00 -99,742.00 -577,960.00
Operational Profit 3,425,506.00 2,004,859.00  
Finance Costs -587,656.00 -384,959.00 -288,287.00
Profit Before Taxation 3,764,213.00 1,619,900.00  
Net Profit 3,359,624.00 1,404,233.00  
Other (Expenses) / Income   -25,134.00 454,277.00
Operating Income / (Loss)     -1,026,321.00
Financial Costs   -383,613.00 -288,287.00
(Loss) Before Taxation     -1,314,608.00
Taxation -404,589.00 -212,728.00 -31,812.00
(Loss) After Taxation     -1,282,796.00
BALANCE SHEET
Property, Plant & Equipment   5,599,944.00 3,909,668.00
Intangible Assets   3,916,127.00 2,899,959.00
Investment Property   5,734,484.00 3,480,026.00
Investments Avaialable for Sales   128,954.00 80,381.00
Total Fixed Assets   15,379,509.00 10,370,034.00
Inventory / Stock   5,105,387.00 4,584,726.00
Trade Debtors (receivables from customer)   2,615,372.00 3,431,234.00
Taxation Receivable   26,509.00 62,124.00
Cash in Hand & at Bank   491,208.00 844,980.00
Other Current Assets     6,000.00
Total Current Assets   8,238,476.00 8,929,064.00
Total Assets   23,617,985.00 19,299,098.00
Reserves   3,566,164.00 2,245,182.00
Minority's Interest   588,005.00 220,439.00
Total Equity   12,796,342.00 11,107,794.00
Long - Term Loans   3,748,108.00 1,503,474.00
Long - Term Debts   380,830.00 1,145,680.00
Current Lliabilities   95,686.00 153,769.00
Trade Creditors   3,987,032.00 3,670,978.00
Short - Term Borrowings, Loans   694,667.00 593,836.00
Bank Overdraft   1,915,320.00 1,123,567.00
Total Current Liabilities   6,692,705.00 5,542,150.00
Total Equity & Liabilities   23,617,985.00 19,299,098.00
Share Capital   8,642,173.00 8,642,173.00

Consolidated Profit and Loss and Balance Sheet.
Please note that Profit and Loss Account for the year 2007 is not yet audited.
RATIOS: 
  2007 2006 2005
Return on assets ( ROA )
Net profit before tax and interest/ Total assets		 - 0.07 -
Current ratio ( CR )
Current assets / Current liabilities		 - 1.23 1.61
Day's supply in inventory
( Turnover / Inventory )		 - 4.53 5.94

GENERAL COMMENTS:

From a small-scale partnership, which began in 1978 to promote the sale of household appliances, antennas and electrical goods, M&P Group of companies has evolved into a large, successful, and diverse company with activities both inside and outside of Cyprus.

The company has established a strong presence in the areas of clothing, footwear, personal gifts and school items, fashion accessories, outdoor furniture, electronic goods, and telecommunications equipment. add to these? This rapid expansion is due entirely to the foresight of the management in identifying newly emerging market trends and its ability to respond quickly and efficiently to fill gaps in the market. This successful strategy has subsequently earned the company an impressive position in the market.

Having first branched out from its core activities in 1996 with a franchise agreement to import the MANGO fashion label to Cyprus, the company found that the tremendous success of this enterprise opened the way for new business ventures. Additional franchise agreements followed, with well-known international brands, such as Intimissimi, Calzedonia, Stradivarius, Parfois and Bagatt, whose experience and status helped support M&P in its endeavour to penetrate the field of fashion.

Moreover this allowed the company to acquire invaluable technical know how on the promotion of retail sales goods and the management of retail outlets. In 1999, taking advantage of its familiarity with franchise agreement systems, the group granted its own franchises for the retail of personal gifts to a number of selected associates within the island. This successful venture has enabled the company to reach an ever-increasing clientele.

Additionally, by closely following technological developments in the field of telecommunications, electrical goods and satellite systems, the company is able to offer a comprehensive range of cutting edge technology products in its own retail outlets as well as in supermarkets and department stores. The strategic location of the group’s retail outlets in key commercial centers across the island is a top priority and ensures the best promotion of the product and access to a wider public. The pioneering policy of choosing an area for its future potential as a commercial center has not only been successful, but has invariably encouraged other retailers to follow, thus creating new business centers.

The groups network of retail outlets consists of …. shops throughout Cyprus. The valuable experience and contacts built up over the years through the successful management of these outlets, as well as the collaboration with many European companies, has enabled the group to expand its activities worldwide. The group operates shops on the basis of franchise agreements with well-known European brands in the Middle East, the Gulf States and Europe.

The company’s philosophy, its continuous search for new products and trends and their timely utilization have all contributed to its strength and its excellent reputation both in Cyprus and among the foreign companies it represents. The company’s main objective as is suggested by its dynamic development, remains the infiltration of new markets and the supply of products to satisfy new consumer needs created by ever changing social trends.

The data contained in this informative report is interely fictional,and given purely by way of example. The information typologies  supplied in the Business Information on Foreign Companies can vary, both depending on the regulations in force in the country of origin of the company under investigation and on the local service provider.