The fireplace that broke out after an explosion at a manufacturing unit in Kato Kifissia is underneath partial management.
That is the unit of Palamids SA, an organization with virtually 80 years of presence out there, which is lively within the manufacture of stainless cooking utensils and employs roughly 130 employees (information 2022). The corporate belongs to Vassilis Palamidis, husband of the previous Deputy Well being Minister Minas Gaga.
On the identical time, it develops business exercise representing the South Korean Glasslock model of glass meals containers and provides a few of its trend merchandise to 3rd events. Along with the kitchenware class, it additionally develops manufacturing exercise in meals packaging with exports to Cyprus, Italy and the Balkan international locations.
In line with the annual monetary statements for the 12 months 2022, the turnover amounted to 23.6 million euros from 17.6 million euros, whereas the pre-tax outcomes amounted to 403 thousand euros from 536 thousand euros. Throughout the identical fiscal 12 months, €550,000.00 in dividends had been paid to shareholders.
AUDIT REPORT 2022_PALAMIDIS SA
What the auditor factors out
As acknowledged within the audit report on the monetary statements, the statutory auditor made three observations:
- Within the accounts of present belongings advances for inventories, commerce receivables & different receivables additionally embrace unhealthy money owed, totaling € 722 thousand. In our estimation, the impairment carried out on these receivables amounting to € 256 thousand falls wanting the required quantity by € 465 thousand.. The non-implementation of the required impairment has as a consequence, the worth of the accounts of advances for shares, KMC commerce receivables & different receivables and fairness seem elevated by € 465 thousand..
- No provision is made for personnel compensation because of leaving the service. On December 31, 2022, the entire quantity of the unformed provision quantities to €62 thousand, with the consequence that the provisions for worker advantages seem lowered by €62 thousand, the fairness seems elevated by €62 thousand.
- We now have not acquired a letter from the corporate’s authorized counsel about any third occasion lawsuits towards it. As a consequence of this truth, we reserve the precise for potential third-party lawsuits towards the corporate and the potential affect on working outcomes and fairness.
Milestones within the firm’s historical past
- In 1947, the small household enterprise producing cooking utensils was based, which might later develop into Palamidis SA.
- In 1960 new manufacturing tools is put in. Manufacturing is topped by stainless-steel kitchenware.
- In 1990 the corporate expanded its product vary by beginning to produce non-stick kitchen merchandise.
- In 1993 the corporate’s merchandise had been exported to greater than 10 international locations.
- In 2002, the corporate’s storage services multiplied.
- In 2015, the kitchenware manufacturing unit is moved to a bigger area.
SOURCE: ot.gr
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