MIRA
INFORM REPORT
|
Report Date : |
8th
February, 2007 |
IDENTIFICATION
DETAILS
|
Name : |
SONAE
INDUSTRIA-PRODUCAO E COMERCIALIZACAO DE DERIVADOS
DE MADEIRA SA |
|
|
|
|
Registered Office : |
Lugar
do Espido, Apartado 1129 |
|
|
|
|
Country : |
Portgual |
|
|
|
|
Financials (as on) : |
31.12.2005 |
|
|
|
|
Date of Incorporation : |
04.05.1974 |
|
|
|
|
Com. Reg. No.: |
500058580
856 |
|
|
|
|
Legal Form : |
Joint
Stock Company |
|
|
|
|
Line of Business : |
Manufacture
of veneer sheets; manufacture of plywood, laminboard, particle board, fibre
board and other panels and boards |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
|
Maximum Credit Limit : |
155.874,00
Euro |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
Identification
|
Name |
SONAE
INDUSTRIA-PRODUCAO E COMERCIALIZACAO DE DERIVADOS DE MADEIRA SA |
|
ISN
Number |
11967 |
|
Address |
Lugar
do Espido, Apartado 1129 |
|
Locality |
Maia(Douro) |
|
Municipality |
MAIA |
|
Telephone |
220100400 |
|
Fax |
220100543 |
|
E-Mail |
grh@sonae.pt |
|
Web
Site |
www.sonae-industria-tafisa.com |
|
|
|
|
C.A.E. |
20203-
Manufacture of veneer sheets; manufacture of plywood, laminboard, particle
board, fibre board and other panels and boards |
|
V.A.T.
Number / NIF |
500058580 |
|
Postal
Code |
4470-MAIA |
|
District |
PORTO |
All the amounts are express in Euros,
otherwise you will be advised
Summary
|
Legal Form |
Joint
Stock Company |
|
Constitution |
04-05-1974 |
|
Employees |
695 |
|
Sales in : 31-12-2005 |
222.866.820,00 |
|
Credit |
Recommended
|
|
Condition |
Normal
|
|
Financing |
Guaranteed
|
|
Actual Condition |
In
activity |
|
V.A.T. Number / NIF |
500058580 |
|
Capital |
48.868.700,00 |
|
Shareholders Funds in: 31-12-2005 |
132.007.798,00 |
|
Credit Limit |
155.874,00 |
|
Tendency |
Stationary
|
|
Payments |
Good |
Governing Bodies
|
Board of Director's |
|
|
JOAO
PAULO DOS SANTOS PINTO |
Administrator
|
|
PAULO
ALEXANDRE CAMOSSA VAZ PINTO DE SOUSA |
Administrator
|
|
CARLOS
FRANCISCO DE MIRANDA GUEDES BIANCHI DE AGUIAR |
Board
of Director's President |
|
ALBERTO
JORGE DINIS TAVARES |
Administrator
|
|
JOSE
ANTONIO COMESANA PORTELA |
Administrator
|
|
RUI
MANUEL GONCALVES CORREIA |
Administrator
|
|
LUIS
AUGUSTO MARQUES COUTINHO |
Administrator
|
|
|
|
|
Fiscal Board |
|
|
PRICEWATERHOUSECOOPERS
& ASSOCIADOS-SROC LDA |
Unique Fiscal |
|
HERMINIO ANTONIO PAULOS AFONSO |
Fiscal
Board Substitute |
|
|
|
|
Chair of General Meeting |
|
|
PATRICIA
CHEMEGA DOS SANTOS |
Chair
of General Meeting Vice-President |
|
ISABEL
FONTES |
Chair
of General Meeting Secretary |
|
JULIA
MARIA MOREIRA DA SILVA SANTOS |
Chair
of General Meeting President |
Banks and Financial Institutions
|
BANCO
ESPIRITO SANTO, SA |
Porto |
|
MILLENNIUM
BCP |
Grandes
Empresas - Porto |
|
CAIXA
GERAL DE DEPOSITOS, SA |
Grandes
Empresas - Porto |
|
BANCO
BPI, SA |
Grandes
Empresas - Porto |
Historical
|
Registed
on the Register Record Office of Mangualde with the Register Number 500058580
856 in 04-05-1974 |
|
Constitution
celebrated in 04-05-1974 published on Diário da República number 128 of 01-06-1974 |
|
To
oblige the company it is necessary 2 signature |
Changes to Society
|
In
29-10-2004 on Diário da República number 23 of 02-02-2005 merge e consequente
alteração de denominação social de Casca-Sociedade de Revestimentos SA para
Sonae Indústria-Produção e Comercialização de Derivados de Madeira SA e
aumento de capital social para 48.868.700 €. |
|
In
27-07-2004 on Diário da República number 247 of 20-10-2004 Merge project
aproval |
|
In
15-06-2004 on Diário da República number 195 of 19-08-2004 merge project |
|
In
18-05-2004 on Diário da República number 158 of 07-07-2004 board of
director's change |
|
In
26-12-2003 on Diário da República number 70 of 23-03-2004 merge-scission e
consequente aumento de capital social para 47.613.000 €. |
Capital
|
The
Capital is 48.868.700,00 , divided in 9773740 shares , with a nominal value
of 5,00 |
|
|
with
the following shareholders |
|
SONAE
INDUSTRIA-SGPS SA |
|
|
Shareholders / Partners Companies
|
|
|
|
ISN
Number |
38608 |
|
NAME |
SONAE INDUSTRIA-SGPS SA |
|
Funtion |
Shareholder
|
|
Address
|
Lugar
do Espido, Via Norte |
|
Locality
|
Maia(Douro) |
|
Telephone
|
220100400 |
|
Fax |
220100543 |
|
E-Mail
|
sonaein@sonae.pt |
|
C.A.E.
|
74842-Outras
Actividades de Serviços Prestados Principalmente as Empresas Diversas, n. e. |
Vehicles
|
Trade
Mark |
Quantity |
License
Number |
|
Uma
frota de |
6 |
|
Insurance
|
Company |
|
Companhia
de Seguros Fidelidade Mundial |
Activities
|
Line of Business |
Percentage |
|
Manufacture
of veneer sheets; manufacture of plywood, laminboard, particle board, fibre
board and other panels and boards |
100% |
|
Type
of Clients |
Private
Companies/State |
|
|
|
Sales
Conditions |
Contract
|
|
|
|
Sales
Area |
|
|
|
|
Country
|
100% |
|
|
Trade Marks
|
Sonaepan |
|
Superlak |
|
Moldurate |
Employees
Total 695
Head Office and Installations
|
Office
Lugar do Espido, Apartado 1129, Maia(Douro), 4470, MAIA, Tel:220100400,
Fax:220100543 |
|
Had
installations Lugar de Vilar, SOBREIRA, 4585-720, SOBREIRA |
|
Head
office and factory Lugar de Água Levada - Mangualde, Espinho, 3530, ESPINHO
MGL |
|
Had
installations Serem de Cima - Macinhata do Vouga, Agueda, 3750, AGUEDA |
|
Warehouse
Rua Brito Capelo, 1379, MATOSINHOS, 4450-073, MATOSINHOS |
|
Installations
owned Serdoura - Moure , Castelo de Paiva, 4550, CASTELO DE PAIVA |
|
Office,
factory and warehouse owned Quinta da Poça, São Paio de Gramaços, Oliveira do
Hospital, 3400, OLIVEIRA DO HOSPITAL, Tel:238600500, Fax:238600627 |
Incidents
|
There
are no of incidents on our database |
Credit Recommendation
|
Consulted
sources say that the subject has been respecting its payments and commercial
commitments, so credit connections with this company are recommended. |
Participations
The
subject participates on the following company(ies)
|
ISN
Number |
730765 |
|
NAME |
IMP-COMERCIO
DE MOBILIARIO DE PORTUGAL LDA |
|
Address
|
Avenida
Fontes Pereira de Melo, 35 - 4/A |
|
Locality
|
LISBOA |
|
C.A.E.
|
51474-
Wholesale of other household goods |
|
Capital
|
49.879,79 |
|
Participation
|
4,8% |
|
|
|
|
ISN
Number |
8892 |
|
NAME |
PROMODECO-PROJECTO
MOBILIARIO DECORACAO E CONSTRUCAO LDA |
|
Address
|
Rua
Jorge Ferreirinha, 1096 |
|
Locality
|
VERMOIM |
|
Telephone
|
229431000 |
|
Fax |
229431084 |
|
E-Mail
|
geral@promodeco.pt |
|
C.A.E.
|
51474-
Wholesale of other household goods |
|
Capital |
1.300.000,00 |
|
Participation |
27,6% |
Financial Elements
|
|
31-12-2005 |
|
Intangible Assets |
380.650,00 |
|
Tangible Assets |
69.742.207,00 |
|
Investments
|
479.942,00 |
|
Stocks
|
18.370.346,00 |
|
Short
Term Receivable |
131.036.427,00 |
|
Banks
and Cash |
2.083.171,00 |
|
Accruals
and Deferrals |
204.029,00 |
|
Total
Assets |
222.296.772,00 |
|
Shareholder's
Funds |
132.007.798,00 |
|
Provisions
|
112.750,00 |
|
Medium
and Long Term Payable |
34.535.801,00 |
|
Short
Term Payable |
51.191.374,00 |
|
Accruals
and Deferrals |
4.449.049,00 |
|
Total
Liabilities and Shareholder's Funds |
222.296.772,00 |
|
Cost
of Goods and Consumable Materials |
136.689.618,00 |
|
Outside
Supplies and Services |
49.104.974,00 |
|
Personnel
Costs |
17.264.745,00 |
|
Sales |
222.866.820,00 |
Comparatives
|
|
31-12-2003 |
31-12-2004 |
31-12-2005 |
|
Net
Sales |
132.861.284,00 |
195.461.396,00 |
222.866.820,00 |
|
Net
Income For the Year |
8.002.038,00 |
10.313.452,00 |
7.390.954,00 |
|
Current
Assets |
105.017.810,00 |
123.854.049,00 |
151.693.973,00 |
|
Short Term
Payables |
45.707.136,00 |
51.251.390,00 |
51.191.374,00 |
|
Cash
Flow |
59.310.674,00 |
72.602.659,00 |
100.502.599,00 |
|
Total
Assets |
175.911.175,00 |
192.443.930,00 |
222.296.772,00 |
|
Total
Liabilities |
74.992.055,00 |
78.357.202,00 |
90.288.974,00 |
|
Shareholders
Funds |
100.919.120,00 |
114.086.728,00 |
132.007.798,00 |
|
Personnel
Costs |
11.148.568,00 |
15.495.920,00 |
17.264.745,00 |
Ratios
|
|
31-12-2003 |
31-12-2004 |
31-12-2005 |
|
FINANCIAL
SITUATION |
|
|
|
|
General
Liquidity |
2,30 |
2,42 |
2,96 |
|
Immediate
Liquidity |
1,93 |
2,07 |
2,60 |
|
Financial
Autonomy |
0,57 |
0,59 |
0,59 |
|
Solvency
|
1,35 |
1,46 |
1,46 |
|
RENTABILITY
|
|
|
|
|
Sales
Rentability |
6,02 % |
5,28 % |
3,32 % |
|
Sales
Rate Increase |
|
47,12 % |
14,02 % |
|
EFFICIÊNCY
|
|
|
|
|
Assets
Turnover |
0,76 |
1,02 |
1,00 |
Balance Sheet and Income
Statement
Balance Sheet
CoinEURO Date31-12-2005
|
|
Gross Assets |
Depreciations / Provisions |
Net Assets |
|
Intangible Assets |
|
Subtotal
|
380.650,00 |
|
380.650,00 |
|
Tangible Assets |
|
Subtotal
|
69.742.207,00 |
|
69.742.207,00 |
|
Financial Investments |
|
Subtotal
|
479.942,00 |
|
479.942,00 |
|
Stocks |
|
Subtotal
|
18.370.346,00 |
|
18.370.346,00 |
|
Short Term Receivable |
|
Subtotal
|
131.036.427,00 |
|
131.036.427,00 |
|
Bank Deposits and Cash |
|
Bank
Deposites |
2.083.171,00 |
|
2.083.171,00 |
|
Subtotal
|
2.083.171,00 |
|
2.083.171,00 |
|
Accruals and Deferrals |
|
Accrued
Income |
204.029,00 |
|
204.029,00 |
|
Subtotal
|
204.029,00 |
|
204.029,00 |
|
|
|
Total
Assets |
222.296.772,00 |
|
222.296.772,00 |
|
Shareholders Funds and Liabilities |
|
Shareholders Funds |
|
Capital
|
48.868.700,00 |
|
|
Treasury
Stock: |
|
|
|
Share-Issue
Premiuns |
12.752.748,00 |
|
|
Reserves
: |
|
|
|
Legal |
11.647.691,00 |
|
|
Free |
17.415.406,00 |
|
|
Net
Retained |
33.932.299,00 |
|
|
Net
Income For the Year |
7.390.954,00 |
|
|
Total |
132.007.798,00 |
|
|
Provisions |
|
Subtotal
|
112.750,00 |
|
|
Short Term Payable |
|
Bank
Loans |
4.964.045,00 |
|
|
Supliers
Fixed Asset |
44.235,00 |
|
|
State
and Other Public Bodies |
1.991.849,00 |
|
|
Other
Creditors |
10.693.691,00 |
|
|
Trade
Creditors |
33.470.032,00 |
|
|
Other
Loans |
27.522,00 |
|
|
Subtotal
|
51.191.374,00 |
|
|
Medium and Long Term Payable |
|
Subtotal
|
34.535.801,00 |
|
|
Accruals and Deferrals |
|
Accrued
Charges |
4.449.049,00 |
|
|
Subtotal
|
4.449.049,00 |
|
|
TOTAL
LIABILITIES |
90.288.974,00 |
|
|
TOTAL
LIABILITIES AND SHAREHOLDERS FUNDS |
222.296.772,00 |
|
|
Income Statement |
|
Costs and Losses |
|
Cost
of : |
|
|
|
Subtotal
|
136.689.618,00 |
|
|
Outside
Supplies and Services |
49.104.974,00 |
|
|
Personnel
Costs |
|
|
|
Subtotal
|
17.264.745,00 |
|
|
Depreciation
|
12.185.554,00 |
|
|
Subtotal
|
12.185.554,00 |
|
|
Other
Operating Costs |
2.061.366,00 |
|
|
Int.
and Similar Costs: |
|
|
|
Taxation
Over Income |
2.852.585,00 |
|
|
Net
Income For the Year |
7.390.954,00 |
|
|
Income and Profits |
|
Sales
of : |
|
|
|
Products
|
211.803.617,00 |
|
|
Services
Provided |
11.063.203,00 |
|
|
Subtotal
|
222.866.820,00 |
|
|
Variation
in Production |
661.141,00 |
|
|
Other
Operating Income and Gains |
3.642.948,00 |
|
|
Subtotal
|
3.642.948,00 |
|
|
Trading
Securities Income |
|
|
|
Int.
and Similar Costs |
|
|
|
Other |
378.887,00 |
|
|
Net
Income For the Year |
7.390.954,00 |
|
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No
caution needed for credit transaction. It has above average (strong)
capability for payment of interest and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
|
<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|