MIRA
INFORM REPORT
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Report Date : |
3rd
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
SO
REDES-PRODUTORA DE TELAS METALICAS LDA |
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Registered Office : |
Rua do Lidador, 111, Porto
4100-307-PORTO. |
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Country : |
Portugal |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
03.03.1959 |
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Com. Reg. No.: |
14448 |
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Legal Form : |
Private
Limited Company |
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Line of Business : |
Manufacture
of wire products |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
Euro
49.880,00 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Identification
Name SO
REDES-PRODUTORA DE TELAS METALICAS LDA
IIC Number 20428
V.A.T. Number / NIF 500419264
Denomination
"SO-REDES"
Address Rua do Lidador,
111
Locality Porto
Postal Code
4100-307-PORTO
Municipality
PORTO
District PORTO
Telephone 226198670
Fax 226198679
E-Mail
soredes@mail.sapo.pt
C.A.E. 28730-
Manufacture of wire products
All the amounts are express in Euros,
otherwise you will be advised
Summary
Legal Form Private
Limited Company
Constitution 24-01-1959
V.A.T. Number / NIF 500419264
Employees 54
Capital 500.000,00
Sales in : 31-12-2005 1.672.949,00
Shareholders Funds in: 31-12-2005 2.188.498,00
Credit Recommended
Credit Limit 49.880,00
Condition Normal
Tendency Stationary
Financing Guaranteed
Payments Good
Actual Condition In
activity
Management Bodies
ANTONIO ARAUJO PEREIRA BATISTA Manager
MANUEL JOSE GOMES DE CAMPOS Manager
OSVALDO ANTONIO GRANADO DE AGUIAR Manager
Banks and Financial Institutions
MILLENNIUM BCP Julio Dinis- Porto
BANCO BPI, SA Sa da
Bandeira
CAIXA GERAL DE DEPOSITOS, SA Ramalde
BANCO POPULAR PORTUGAL SA Porto
Historical
Registed on the Register Record Office of
Porto in 2ª. Secção with the Register Number 14448 in 03-03-1959 Constitution
celebrated in 24-01-1959 published on Diário da República number 39 of
16-02-1959
To oblige the company it is necessary 2
signature
Changes to Society
In 10-10-2005 on Diário da República number
61 of 27-03-2006 manager change
In 10-12-2002 on Diário da República number
117 of 21-05-2003 manager change
In 05-05-1998 on Diário da República number
94 of 22-04-1999 manager change
In 26-04-1998 on Diário da República number
94 of 22-04-1999 manager change
In 25-10-1996 on Diário da República number
72 of 26-03-1997 manager change
Capital
The Capital is 500.000,00
with the following distribution
LURNOR-POSSE E ADMINISTRACAO DE
EMPRESAS SA 200.000,00 40%
SOCIGOMES-COMERCIO E TURISMO SA 300.000,00 60%
Biographies
Name ANTONIO ARAUJO PEREIRA BATISTA
Funtion Manager
Locality Porto
Name MANUEL JOSE GOMES DE CAMPOS
Funtion Manager
Locality Porto
Name OSVALDO ANTONIO GRANADO DE AGUIAR
Funtion Manager
Locality Porto
Shareholders / Partners Companies
IIC Number 44842
NAME LURNOR-POSSE E ADMINISTRACAO DE EMPRESAS SA
Funtion Partner
Address Alameda de Eça de Queiroz, 94 - 3º dto
Locality Porto
C.A.E. 70120-Compra e Venda de Bens Imobiliários
IIC Number 60616
NAME SOCIGOMES-COMERCIO E TURISMO SA
Funtion Partner
Address Alameda Eça de Queiróz, 94-3ºD
Locality Porto
Telephone 26184171
C.A.E. 74150-Actividades das Sociedades Gestoras de
Participações Sociais (Holdings)
Vehicles
Trade Mark Quantity License Number
Possui veiculos 7
Insurance
Company
Axa Companhia de Seguros SA
Activities
Line of Business Percentage
Wire article industry 100%
Type of Clients Private Companies/Public
Sales Conditions Cash/credit
Sales Area
Country 100%
Imports from CHINA, REPUBLICA POPULAR,ITALIA,ESPANHA
Denominations
"SO-REDES"
Employees
Total 54
Head Office and Installations
Head office and installations owned Rua do
Lidador, 111, Porto, 4100-307, PORTO, Tel:226198670, Fax:226198679
Incidents
Legal Actions
Date: 12-11-2003 Judicial District Porto
Type:
Ordinária
Author: Maria Perfeita Araújo
Gomes
Process: 6363/03.9TVPRT
Credit Recommendation
Consulted sources say that the subject has
been respecting its payments and commercial commitments, so credit connections
with this company are recommended.
Financial Elements
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31-12-2005 |
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Intangible Assets |
2.277,00 |
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Tangible Assets |
943.597,00 |
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Investments
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23.713,00 |
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Stocks
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402.189,00 |
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Short
Term Receivable |
1.129.013,00 |
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Banks
and Cash |
439.932,00 |
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Accruals
and Deferrals |
4.134,00 |
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Total
Assets |
2.944.855,00 |
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Shareholder's
Funds |
2.188.498,00 |
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Short
Term Payable |
658.360,00 |
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Accruals
and Deferrals |
97.998,00 |
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Total
Liabilities and Shareholder's Funds |
2.944.856,00 |
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Cost
of Goods and Consumable Materials |
610.817,00 |
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Outside
Supplies and Services |
157.704,00 |
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Personnel
Costs |
738.770,00 |
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Sales |
1.672.949,00 |
Comparatives
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31-12-2005 |
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Net
Sales |
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1.672.949,00 |
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Net
Income For the Year |
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28.663,00 |
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Current
Assets |
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1.975.268,00 |
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Short
Term Payables |
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658.360,00 |
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Cash
Flow |
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1.316.908,00 |
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Total
Assets |
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2.944.855,00 |
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Total
Liabilities |
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756.358,00 |
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Shareholders
Funds |
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2.188.498,00 |
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Personnel
Costs |
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738.770,00 |
Ratios
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31-12-2003 |
31-12-2004 |
31-12-2005 |
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FINANCIAL
SITUATION |
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General
Liquidity |
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3,00 |
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Immediate
Liquidity |
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2,39 |
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Financial
Autonomy |
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0,74 |
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Solvency
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2,89 |
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RENTABILITY
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Sales
Rentability |
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1,71 % |
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EFFICIÊNCY
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Assets
Turnover |
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0,57 |
Balance Sheet and Income
Statement
Balance Sheet
CoinEURO Date31-12-2005
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Gross Assets |
Depreciations / Provisions |
Net Assets |
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Intangible Assets |
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Subtotal
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33.106,00 |
30.829,00 |
2.277,00 |
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Tangible Assets |
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Subtotal
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2.137.810,00 |
1.194.213,00 |
943.597,00 |
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Financial Investments |
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Subtotal
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28.949,00 |
5.236,00 |
23.713,00 |
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Stocks |
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Subtotal
|
402.189,00 |
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402.189,00 |
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Short Term Receivable |
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Subtotal
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1.169.114,00 |
40.101,00 |
1.129.013,00 |
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Bank Deposits and Cash |
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Cash |
47.067,00 |
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47.067,00 |
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Bank
Deposites |
392.865,00 |
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392.865,00 |
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Subtotal
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439.932,00 |
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439.932,00 |
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Accruals and Deferrals |
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Deferred
Cost |
4.134,00 |
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4.134,00 |
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Subtotal
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4.134,00 |
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4.134,00 |
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Total
Assets |
4.215.234,00 |
1.270.379,00 |
2.944.855,00 |
Shareholders Funds and
Liabilities
Shareholders Funds
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Capital
|
500.000,00 |
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Treasury
Stock: |
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Reserves
: |
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Legal |
1.217.097,00 |
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Free |
483.804,00 |
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Net
Retained |
(41.066,00) |
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Net
Income For the Year |
28.663,00 |
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Total |
2.188.498,00 |
Short Term Payable
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Bank
Loans |
482.654,00 |
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Supliers
Fixed Asset |
4.174,00 |
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State
and Other Public Bodies |
71.947,00 |
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Other
Creditors |
4.058,00 |
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Trade
Creditors |
95.527,00 |
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Subtotal
|
658.360,00 |
Accruals and Deferrals
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Accrued
Charges |
97.998,00 |
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Subtotal
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97.998,00 |
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TOTAL
LIABILITIES |
756.358,00 |
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TOTAL
LIABILITIES AND SHAREHOLDERS FUNDS |
2.944.856,00 |
Income Statement
Costs and Losses
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Cost
of : |
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Subtotal
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610.817,00 |
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Outside
Supplies and Services |
157.704,00 |
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Personnel
Costs |
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Subtotal
|
738.770,00 |
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Depreciation
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60.148,00 |
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Subtotal
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60.148,00 |
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Other
Operating Costs |
4.522,00 |
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Int.
and Similar Costs: |
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Subtotal
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43.614,00 |
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Ext.
Costs and Losses |
26.649,00 |
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Taxation
Over Income |
2.475,00 |
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Net
Income For the Year |
28.663,00 |
Income and Profits
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Sales
of : |
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Products
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1.672.949,00 |
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Subtotal
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1.672.949,00 |
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Variation
in Production |
(23.359,00) |
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Other
Operating Income and Gains |
13.804,00 |
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Subtotal
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13.804,00 |
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Trading
Securities Income |
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Int.
and Similar Costs |
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Other |
8.364,00 |
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Extra
Income and Gains |
1.602,00 |
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Net
Income For the Year |
28.663,00 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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