NAME & ADDRESS:

MECOS file number:

NIC032402

Correct Registered Name:

MALLOUPPAS & PAPACOSTAS PUBLIC CO. LIMITED

Address:

MEMRB Bldg., 8th-10th-11th Floor, 21, Academias Ave., MEMRB Bldg
Nicosia
2107 Aglantzia CYPRUS

P.O.Box:

23841 - 1686 Nicosia

Telephone:

+357-22-550400

Fax:

+357-22-550475

Email:

info@mp-group.com

Web:

www.mppublic.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:

ZELER LIMITED, valid since: 22.04.1982, until: 07.02.1983
MALLOUPPAS & PAPACOSTAS TRADING CO. LIMITED, valid since: 07.02.1983, until: 28.06.2005

Former company names:

ZELER LIMITED
MALLOUPPAS & 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 INQUIRY:

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.

PRINCIPALS:

SHAREHOLDERS:

Full Name

Function

Nationality

EQUITY

Address

Cyprialife Limited
REGISTRATION: CYPRUS

Shareholder

3.22%
1,390,676 Ordinary

Mr. Costas Papacostas

Shareholder

CYPRUS

12.64%
5,460,500 Ordinary

17, Agiou Georgiou street
Nicosia
Palouriotissa CYPRUS

Mr. Polis A. Mallouppas

Shareholder

CYPRUS

24.66%
10,656,393 Ordinary

19, Agiou Georgiou street
Nicosia
Palouriotissa CYPRUS

Ms. Lisa Mallouppa

Shareholder

CYPRUS

12.30%
5,316,775 Ordinary

19, Agiou Georgiou street
Nicosia
Palouriotissa CYPRUS

Others(C1180)

Shareholder

40.62%
17,552,273 Ordinary

CYPRUS

Mr. Stavros Yiannakis

Shareholder

CYPRUS

6.56%
2,834,250 Ordinary

N/A
Nicosia
CYPRUS

MANAGEMENT:

Full Name

Age

Function

Qualification

Experience

Address

MPT SECRETARIAL SERVISES LIMITED

Secretary

1, Acropoleos Avenue
Nicosia
Acropoli CYPRUS

Mr. Harry Georgakis

42

Director / Financial Controller

N/A

N/A

1, Acropoleos Avenue
Nicosia
Acropoli CYPRUS

Mr. Costas Papacostas

56

Vice-Chairman

N/A

N/A

17, Agiou Georgiou street
Nicosia
Palouriotissa CYPRUS

Mr. Polis A. Mallouppas

55

Chairman of the Executive Board

N/A

Mr. Polys Mallouppas is a founding member and main shareholder of the Mallouppas & Papacosas Trading Co. Ltd. He is Executive Chairman of the Mallouppas & Papacostas group of Companies.

19, Agiou Georgiou street
Nicosia
Palouriotissa CYPRUS

Mr. Vaggelis Sykopetritis

43

Director

Mr. Vangelis Sykopetritis graduated from the London School of Economics (B.SC in Economics). Ha has worked in audit firm Pannel Kerr Forster in London and he acquired the title of chartered accountant specialized on tax issues

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.

26, Vyronos avenue
Nicosia
1096 Nicosia CYPRUS

Ms. Costas Toumpouris

55

Director

Mr Toumpouris joined CLR Stockbrokers in 1990 and his vision and consistent leadership have shaped both the successful development and the solid reputation of the firm.

Costas Toumpouris studied in London where he became a member of the Association of Chartered Certified Accountants (ACCA) in 1981.

10, Athou street
Nicosia
2026 Strovolos CYPRUS

Mr. Andreas Mallouppas

30

Director

N/A

N/A

124A, Athinon street
Nicosia
2039 Strovolos CYPRUS

Mr. Minos Charalambous

52

Managing Director

Has a Degree in Accounting

N/A

28, Erehthiou street
Nicosia
2121 Aglantzia CYPRUS

Mr. Yiannis Antoniades

57

Director

N/A

N/A

36, Socratous street
Nicosia
2123 Aglantzia CYPRUS

Ms. Lisa Mallouppa

52

Director

N/A

N/A

19, Agiou Georgiou street
Nicosia
Palouriotissa CYPRUS

Mr. George Xinaris

43

Director

He is one of the first executives and shareholder of the companies Lumiere TV and Lumiere Services Ltd, at which he served from different executive positions since 1988.

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.

21, Lakedemonias street
Nicosia
2028 Strovolos CYPRUS

ACTIVITIES:

Importers & Wholesalers & Distributors & Retailers

OPERATIONS:

NACE
  main activity
  5245 Retail sale of electrical household appliances, radio and television goods, musical instruments and recorded media

  5242 Retail sale of clothing
  7011 Development and selling of real estate

SIC
  main activity
  5731 Radio, Television, and Consumer Electronics Stores (automobile radios)

  5722 Household Appliance Stores
  5621 Women's Clothing Stores
  5611 Men's and Boys' Clothing and Accessory Stores (clothing stores)
  5947 Gift, Novelty, and Souvenir Shops
  5065 Electronic Parts and Equipment, NEC
  5063 Electrical Apparatus and Equipment, Wiring Supplies and Construction Materials (except electrical supplies sold via retail method)
  6552 Land Subdividers and Developers, Except Cemeteries

Analysis: Importers (100%),
Distributors,


The company maintains three major divisions and carries out wholesale and retail trade.

Lifestyle Division:

Satellite systems, dishes & receivers, antenna systems, supplementary accessories and equipment, bases & support brakes for television sets, VCR’s and CD players, DVD's, cameras, photographic equipment, etc.
All kitchen electrical equipment, air-conditioning units, etc
Telephone systems, mobile phones and accessories, etc
Quality household / kitchen articles and giftware.

Fashion Division:

Personal gifts, back to school items (i.e. school bags, pencil – cases, notebooks, files, etc.)
Footwear and leather goods
Casual wear, clothing, shoes, accessories and other items for specialized sports (i.e. skating, tennis, skiing).
Women’s clothing, shoes and accessories (haute – couture and casual dressing)
Men’s, Women’s and children’s underwear, t-shirts, pyjamas, nightdresses, socks, hosieries, swimwear.
Ladies accessories such as jewellery, hair accessories, scarves, handbags, hats, articles of clothing.

Developers and Real Estate activities

Primary SIC: Electrical Appliances T V And Radio, Primary NAICS: Electrical and Electronic Appliance, Television, and Radio Set Merchant Wholesalers
Description: Wholesale: The company maintains two major divisions and carries out wholesale and retail trade. The lifestyle division distributes satellite systems, dishes and receivers, antenna systems, supplementary accessories and equipment, bases and support brakes for television sets, VCRs, CD players and DVDs, also quality wooden outdoor furniture and accessories such as pergolas, fences, kiosks and flooring. The fashion division distributes personal gifts and back-to-school items such as school-bags, pencil-cases, notebooks and files; footwear and leather goods; casual-wear clothing, shoes, accessories and other items for specialised sports; women's clothing, shoes and accessories; men's, women's and children's underwear, t-shirts, pyjamas, nightdresses, socks, hosiery and swimwear; ladies' accessories such as jewellery, hair accessories, scarves, handbags and hats

MOTOR VEHICLES:

IMPORTS:

EXPORTS:

To: Not Applicable
Terms: Not Applicable

AGENCIES:

TRADE SUPPLIERS:

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.

BRANCHES:

The company’s Retail outlets are located:

Nicosia:

PLAYLIFE
- 7-9, Agias Elenis str., Tel.: 22-766122
- Playlife-Avenue Department store, Tel. 22-849133

BAGATT
- Orphanides Shopping Mall, Tel.: 22-514191
- Avenue Department Store, Tel. 22-849209
- 46 Arch. Makariou III Avenue, Tel: 22-750449

LINEA MODERNA GIFTS
- Orphanides Shopping Mall, Tel.: 22-514180
- Stradivarius: 46A-C, Arch. Makarios III Avenue

PARFOIS
- Arch. Makariou III Avenue, City Plaza (Ground Floor), Tel.: 22-758525
- Orphanides Shopping Mall, Tel.: 22-514190

Description of premises – Nicosia (Cont.):

FOLLI – FOLLIE
- 16, Stasikratous str., Tel.: 22-677344

M & P SATELLITES & ELECTRONICS
- 1, Acropoleos Ave., Tel.: 22-316109

CALZEDONIA
- Orphanides Shopping Mall, Tel.: 22-514160
- 46 Arch. Makariou III Avenue, Tel.: 22-375653

INTIMISSIMI
- 38B, Arch. Makariou III Ave., Tel.: 22-765566
- Orphanides Shopping Mall, Tel.: 22-514170
- Alpha Mega Hypermarket, Tel.: 22-358276

MANGO
- 33, Arch. Makariou III Ave., Tel.: 22-758333

PIONEER/NIKON
- 155 A&B Athalassas Avenue, Tel.: 22-442580

PROTOTEL
- 4-8 Gregoriou Xenopoulou Street, Tel:22-766060

T.C. IMPERIAL ELECTRONICS
- 40D Piraeus Street, Tel. 22-515457/515459

WMF Centre
- 54-56 Agias Elenis (Galaxias), Tel. 22-377987

MEGAELECTRONIC
- 176 Strovolos Avenue, Tel.: 22-316262
- 70 Kennedy Avenue, Tel.: 22-428755
- 5 Arch. Makarios III Avenue, Tel.: 22-755839

The company’s Retail outlets are located:

Limassol:

BAGATT
133-135 Anexartisias street, Tel.: 25-357770

PLAYLIFE
Woolworth Olympia (1st Floor), Tel.: 25-589788

LINEA MODERNA GIFTS
88, Anexartisias str., Tel.: 25-352259
Woolworth Olympia (Ground floor), Tel.: 25-585910
Chris Cash & Carry, Tel. 25-873390

STRADIVARIOUS
107, Anexartisias str., Tel.: 25-350469

CALZEDONIA
92, Anexartisias Str., Tel.: 25-748302
Orphanides Shopping Mall, Tel.: 25-335636

INTIMISSIMI
90, Anexartisias str., Tel.: 25-749520

MANGO
150-152, Anexartisias str., Tel.: 25-347306

BAGATT
133-135 Anexartisias Street, Tel. 25-357770

PROMOD
68 Anexartisias street, Tel.: 25-878741

WMF Centre
115 Arch. Makarios III Avenue, Tel.:25-389310

MEGAELECTRIC
25 Makedonias Avenue, Tel.:25-336279
Chris Cash & Carry Columbia, Tel.:25-873138

Nicosia:

PLAYLIFE
- 7-9, Agias Elenis str., Tel.: 22-766122
- Playlife-Avenue Department store, Tel. 22-849133

(Larnaca:

PARFOIS
47A, Zenonos Kitieos str., Tel.: 24-621303

CALZEDONIA
101-102, Ermou str., Tel.: 24-664396

INTIMISSIMI
114, Ermou str., Tel.: 24-665859

MANGO
69-71, Kardigtonos & Ermou strs., Tel.: 24-659434

BAGATT
33 Zenonos Kitieos Street., Tel.:24-652600

WMF Centre
Levadiotis Court, Gr. Afxentiou Avenue, Tel.:24-625405

MEGAELECTRIC
Stratigou Timagia Av., Yianni – Maria Building (7-9 shop), Tel.: 24-639810
Chris Cash & Carry, Tel.: 24-821558
36-38 D. N. Demetriou street, Tel.: 24-664870

Nicosia:

BAGATT
- Orphanides Shopping Mall, Tel.: 22-514191
- Avenue Department Store, Tel. 22-849209
- 46 Arch. Makariou III Avenue, Tel: 22-750449

Paphos:

LINEA MODERNA GIFTS
47-49, Arch. Makariou III Ave., Tel.: 26-932210

MANGO
57-59 Arch. Makariou III Ave., Tel.: 26-911440

BAGATT
100 Arch. Makariou III Ave., Tel.: 26-911669

PERFOIS
47-49, Arch. Makariou III Ave., Tel.: 26-912145

MEGAELECTRIC
60A Apostolou Pavlou Avenue, Tel.:26-220411

Nicosia:

LINEA MODERNA GIFTS
- Orphanides Shopping Mall, Tel.: 22-514180
- Stradivarius: 46A-C, Arch. Makarios III Avenue

Nicosia:

PARFOIS
- Arch. Makariou III Avenue, City Plaza (Ground Floor), Tel.: 22-758525
- Orphanides Shopping Mall, Tel.: 22-514190

Agia Napa:

LINEA MODERNA GIFTS
4, Kriou Nerou str., Agia Napa, Tel.: 23-721474

PARFOIS
4, Kriou Nerou str., Agia Napa, Tel.: 23-724809

Nicosia:

FOLLI – FOLLIE
- 16, Stasikratous str., Tel.: 22-677344

Israel:

CALZEDONIA
Haifa, Grand Canyon, Simcha Golan road, Tel: 04 8122346

INTIMISSIMI
Haifa, Grand Canyon, Simcha Golan road, Tel: 048122349

Nicosia:

M & P SATELLITES & ELECTRONICS
- 1, Acropoleos Ave., Tel.: 22-316109

Greece:

MANGO
Patra, 22 Ayiou Nicolaou. Tel: 061 221036

BAGATT
Athens, 36 Ermou str., Tel: 01 3242377



Description of premises – Greece (Cont.):

BAGATT
Athens, Patision, 141 October 28th. Tel: 01 8610448

BAGATT
Thesaloniki, 41 Tsimiski str., Tel: 031 233015

Nicosia:

CALZEDONIA
- Orphanides Shopping Mall, Tel.: 22-514160
- 46 Arch. Makariou III Avenue, Tel.: 22-375653

Cyprus Central Warehouses:

Mallouppas & Papacostas Trading Co. Ltd - warehouse
26, Voukourestiou street, Strovolos Industrial Area, Nicosia , Tel.: 22-497083
MegaElectric Warehouse Dali, Tel.: 22-610011
MegaElectric Technical Service – Tel.: 22-518840
Nikon warehouse – Tel.: 22-516735

Nicosia:

INTIMISSIMI
- 38B, Arch. Makariou III Ave., Tel.: 22-765566
- Orphanides Shopping Mall, Tel.: 22-514170
- Alpha Mega Hypermarket, Tel.: 22-358276

Nicosia:

MANGO
- 33, Arch. Makariou III Ave., Tel.: 22-758333

Nicosia:

PIONEER/NIKON
- 155 A&B Athalassas Avenue, Tel.: 22-442580

Nicosia:

PROTOTEL
- 4-8 Gregoriou Xenopoulou Street, Tel:22-766060

Nicosia:

T.C. IMPERIAL ELECTRONICS
- 40D Piraeus Street, Tel. 22-515457/515459

Nicosia:

WMF Centre
- 54-56 Agias Elenis (Galaxias), Tel. 22-377987

Nicosia:

MEGAELECTRONIC
- 176 Strovolos Avenue, Tel.: 22-316262
- 70 Kennedy Avenue, Tel.: 22-428755
- 5 Arch. Makarios III Avenue, Tel.: 22-755839

Limassol:

BAGATT
133-135 Anexartisias street, Tel.: 25-357770

Limassol:

PLAYLIFE
Woolworth Olympia (1st Floor), Tel.: 25-589788

Limassol:

LINEA MODERNA GIFTS
88, Anexartisias str., Tel.: 25-352259
Woolworth Olympia (Ground floor), Tel.: 25-585910
Chris Cash & Carry, Tel. 25-873390

Limassol:

STRADIVARIOUS
107, Anexartisias str., Tel.: 25-350469

Limassol:

CALZEDONIA
92, Anexartisias Str., Tel.: 25-748302
Orphanides Shopping Mall, Tel.: 25-335636

Limassol:

INTIMISSIMI
90, Anexartisias str., Tel.: 25-749520

Limassol:

MANGO
150-152, Anexartisias str., Tel.: 25-347306

Limassol:

BAGATT
133-135 Anexartisias Street, Tel. 25-357770

Limassol:

PROMOD
68 Anexartisias street, Tel.: 25-878741

Limassol:

WMF Centre
115 Arch. Makarios III Avenue, Tel.:25-389310

Limassol:

MEGAELECTRIC
25 Makedonias Avenue, Tel.:25-336279
Chris Cash & Carry Columbia, Tel.:25-873138

Larnaca:

PARFOIS
47A, Zenonos Kitieos str., Tel.: 24-621303

Larnaca:

CALZEDONIA
101-102, Ermou str., Tel.: 24-664396

Larnaca:

INTIMISSIMI
114, Ermou str., Tel.: 24-665859

Larnaca:

MANGO
69-71, Kardigtonos & Ermou strs., Tel.: 24-659434

Larnaca:

BAGATT
33 Zenonos Kitieos Street., Tel.:24-652600

Larnaca:

WMF Centre
Levadiotis Court, Gr. Afxentiou Avenue, Tel.:24-625405

Larnaca:

MEGAELECTRIC
Stratigou Timagia Av., Yianni – Maria Building (7-9 shop), Tel.: 24-639810
Chris Cash & Carry, Tel.: 24-821558
36-38 D. N. Demetriou street, Tel.: 24-664870

Paphos:

LINEA MODERNA GIFTS
47-49, Arch. Makariou III Ave., Tel.: 26-932210

Paphos:

MANGO
57-59 Arch. Makariou III Ave., Tel.: 26-911440

Paphos:

BAGATT
100 Arch. Makariou III Ave., Tel.: 26-911669

Paphos:

PERFOIS
47-49, Arch. Makariou III Ave., Tel.: 26-912145

Paphos:

MEGAELECTRIC
60A Apostolou Pavlou Avenue, Tel.:26-220411

Agia Napa:

LINEA MODERNA GIFTS
4, Kriou Nerou str., Agia Napa, Tel.: 23-721474

Agia Napa:

PARFOIS
4, Kriou Nerou str., Agia Napa, Tel.: 23-724809

RELATED COMPANIES:

Subsidiary Company
EMILIOS ELIADES TRADING LIMITED , CYPRUS , National ID: NIC049304

Subsidiary Company
LUXUS COLLECTION LIMITED , CYPRUS

Subsidiary Companies:

"Prototel Co. Ltd" - Wholly owned subsidiary company. It was registered in Cyprus in 1989. 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.).*


"Mallouppas & 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 Collection Ltd" - Subsidiary company of Mallouppas & 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)


"Mallouppas & Papacostas (Hellas) Ltd" - Wholly owned subsidiary company of Mallouppas & Papacostas Trading Ltd. It was registered in Cyprus in the year 2000. It carries out investment activities (mainly holding companies' share capital).

"Mallouppas & Papacostas (Hellas) S. A." - Wholly owned subsidiary company of Mallouppas & 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.*

"Emilios Eliades Trading Ltd" - Subsidiary company of Mallouppas & Papacostas Trading Co. Ltd holding the 51% of the company’s shares. It is registered in Cyprus on 2nd of July 2002. 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&P 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=

Mallouppas & Papacostas: Change of position of Board members

Mallouppas & 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=

Mallouppas & 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, Mallouppas & 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 Mallouppas & 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:

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:

Consolidated Profit and Loss and Balance Sheet.

Please note that Profit and Loss Account for the year 2007 is not yet audited.

RATIOS:

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 abroad. 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.

Contact Person:

Mr. Charis Georgakis

Position:

Director/Group Financial Controller

Contact Tel.No.:

+357 22550400