The consortium with the name "GREEK TECHNIQUE of ENVIRONMENTAL APPLICATIONS CONSORTIUM of COLLECTION of his USED MINERAL OILS" assembled from 29/1/99 private contract between ELTEPE A.E and CYCLON HELLAS S.A
Head offices of above Consortium were in the Municipality of Maroussi and in Irodou Attikou 12A..
Aim of the consortium is the collection and marketing of used mineral oils that are produced in the Greek Territory and the disposal they're as well as conduct of each other relative work. Main customer of consortium is the CYCLON HELLAS S.A
Duration of Consortium is fixed five-year by the date of signature of contract (02.11.1998).
The rate of attendance in the profits and the damage of consortium is fixed in 90% for the CYCLON HELLAS S.A and 10% of ELTEPE S.A
Administrator of Consortium was appointed mr. George Deligiorgis.
It is marked that the CYCLON HELLAS S.A sub rents in the consortium in question space of total surface 12 sq.m. in the building on the road Irodou Attikou 12A, against monthly rent of € 293,47. In this space are accommodated the offices of consortium.
The consortium closed the first use (10 month.) 31/12/1999. In the table that follows is presented concisely the basic elements of balance-sheets of consortium of uses 2001 and 2002:
| ELEMENTS OF BALANCE SHEETS |
| |
2001 |
2002 |
| |
Sums in '000s of Euros 2001 2002 |
| Active |
88 |
54 |
| Total |
88 |
54 |
| Results |
45 |
-40 |
| Total capital |
45 |
-40 |
| Total debts |
43 |
94 |
| Total liabilities |
88 |
54 |
Respectively in the table that follows are presented concise the elements of results of consortium at corporate uses 2001 and 2002:
| STOIXEIA OF RESULTS |
| |
2001 |
2002 |
| |
Sums in '000s of Euros 2001 2002 |
| Total turnover |
563 |
842 |
| Product cost |
451 |
854 |
| Total income |
112 |
-12 |
| Administrative expenses |
74 |
31 |
| Operational result |
38 |
-43 |
| Extraordinary Income and profits |
0 |
0 |
| Extraordinary Expenses and damage |
0 |
0 |
| Profits pre interest, amortization and taxes |
38 |
-43 |
| Financing results |
0 |
0 |
| Profits pre amortization and taxes |
38 |
-43 |
| Amortization |
0 |
0 |
| Net profit (pre tax) |
38 |
-43 |
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