MIRA
INFORM REPORT
|
Report Date : |
04.12.2008 |
IDENTIFICATION
DETAILS
|
Name : |
IBERACERO PORTUGAL-SOCIEDADE DE REPRESENTACOES LDA |
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Registered Office : |
Zona Industrial da Maia, Rua Outeiro, Sector 1, Lote 45 |
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Country : |
Portugal |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
17.12.1991 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale of Other Machinery and Equipment for Industry, Commerce and Navigation |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
Euros 24.940,00 |
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Identification
|
Name |
IBERACERO PORTUGAL-SOCIEDADE DE REPRESENTACOES LDA |
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|
|
Address |
Zona Industrial da Maia, Rua Outeiro,
Sector 1, Lote 45 |
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|
|
Locality |
GEMUNDE |
Postal Code |
4475-150-GEMUNDE |
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Municipality |
MAIA |
District |
PORTO |
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Telephone |
229479020, 229479026 |
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Fax |
229479029 |
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E-Mail |
iberacero@mail.telepac.pt // geral@iberacero.com |
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Web Site |
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V.A.T. Number / NIF |
502641649 |
|
C.A.E. |
51870- Wholesale of other
machinery and equipment for industry, commerce and navigation |
|
|
All
the amounts are express in Euros, otherwise you will be advised
Summary
|
Legal Form |
Private Limited Company |
|
|
|
Constitution |
17-12-1991 |
V.A.T. Number / NIF |
502641649 |
|
Employees |
7 |
Capital |
350.000,00 |
|
Sales in : 31-12-2007 |
2.265.400,00 |
Shareholders Funds in: 31-12-2007 |
601.559,00 |
|
Credit |
Recommended |
Credit Limit |
24.940,00 |
|
Condition |
Normal |
Tendency |
Stationary |
|
Financing |
Guaranteed |
Payments |
Good |
|
Actual Condition |
In activity |
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|
Management Bodies
|
KARL AUGUST VORKAUF |
Managing-Partner |
Banks
and Financial Institutions
|
BANCO ESPIRITO SANTO, SA |
Maia |
|
MILLENNIUM BCP |
Bom Sucesso - Porto |
Historical
|
Registed on the Register
Record Office of Maia with the Register Number 502641649 1581 in 17-12-1991 |
|
Constitution celebrated in
17-12-1991 published on Diário da República number 35 of 11-02-1992 |
|
To oblige the company it
is necessary 1 signatures |
Changes
to Society
|
In 28-11-2008 on Portal
MJ of 02-12-2008 increase of capital |
|
In 27-12-2005 on Diário da
República number 114 of 14-01-2003 increase of capital de 125.000,00 € para
175.000,00 € |
|
In 02-08-2000 on Diário
da República number 226 of 29-09-2000 increase and redenomination of capital
de 15.000.000$ para 125.000,00€ |
|
In 04-11-1999 on Diário da
República number 2 of 04-01-2000 increase of capital para 15.000.000$ |
Capital
|
The Capital is 350.000,00 |
|
|
with the following
distribution |
|
VORKAUF SA |
17.500,00 |
5% |
|
IBERACERO IBERICA DEL METAL Y ACERO SOCIEDADE LDA |
17.500,00 |
5% |
|
IBERACERO PORTUGAL-SOCIEDADE DE REPRESENTACOES LDA |
35.000,00 |
10% |
|
KARL AUGUST VORKAUF |
280.000,00 |
80% |
Biographies
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Name |
KARL AUGUST VORKAUF |
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Funtion |
Managing-Partner |
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Address |
Virrey Loreto, 1935, Capital
Federal - Buenos Aires |
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Locality |
Argentina |
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Civil State |
Married |
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Consort |
Ingrid Vorkauf |
Shareholders
/ Partners Companies
|
|
|
|
NAME |
VORKAUF SA |
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Funtion |
Partner |
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Address |
Cl Comandante Franco, 3 a
5 |
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Locality |
MADRID |
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|
|
|
NAME |
IBERACERO IBERICA DEL
METAL Y ACERO SOCIEDADE LDA |
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Funtion |
Partner |
|
Address |
Ribera de Elorrieta, 5 |
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Locality |
Espanha |
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|
|
|
NAME |
IBERACERO PORTUGAL-SOCIEDADE DE REPRESENTACOES LDA |
|
Funtion |
Partner |
|
Address |
Zona Industrial da Maia, Rua Outeiro, Sector 1, Lote 45 |
|
Locality |
GEMUNDE |
|
Telephone |
229479020 |
|
Fax |
229479029 |
|
E-Mail |
iberacero@mail.telepac.pt // geral@iberacero.com |
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C.A.E. |
51870-Comércio por grosso de outras máquinas e equipamentos para a
indústria, comércio e navegação |
Activities
|
Line of Business |
Percentage |
|
Selling
equipment and products for the steel and metallurgy |
100% |
|
Type of Clients |
Retailers/Wholesalers/Private
Companies |
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|
|
Sales Conditions |
Cash/credit |
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|
Sales Area |
|
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Country |
100% |
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Imports from |
ALEMANHA |
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|
Trade
Marks
|
Rota |
|
Mastersolid |
|
Tokai |
|
BKT |
|
Iberacero |
Employees
|
Total |
7 |
Head
Office and Installations
|
Head office and installations Zona Industrial da Maia, Rua Outeiro,
Sector 1, Lote 45, GEMUNDE, 4475-150, GEMUNDE, Tel:229479020, Fax:22947929 |
Incidents
Legal
Actions
|
Date: 03-10-2007 |
Judicial District
Gondomar |
2 Court |
|
Amount: 445,77 Euro |
Type: Executiva Comum |
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|
Author: Optimus Telecomunicações, S.A. |
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Process: 3714/07.0TBGDM |
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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) |
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|
|
|
|
NAME |
IBERACERO PORTUGAL-SOCIEDADE DE
REPRESENTACOES LDA |
|
Address |
Zona Industrial da Maia, Rua Outeiro,
Sector 1, Lote 45 |
|
Locality |
GEMUNDE |
|
Telephone |
229479020 |
|
Fax |
229479029 |
|
E-Mail |
iberacero@mail.telepac.pt //
geral@iberacero.com |
|
Web Site |
www.iberacero.com |
|
C.A.E. |
51870- Wholesale of other machinery and equipment for industry,
commerce and navigation |
|
Capital |
350.000,00 |
|
Participation |
10% |
Financial
Elements
|
|
31-12-2007 |
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|
Tangible Assets |
50.412,00 |
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|
Investments |
100,00 |
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|
Stocks |
433.915,00 |
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|
Medium and Long Term
Receivable |
161.152,00 |
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Short Term Receivable |
957.369,00 |
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Banks and Cash |
39.012,00 |
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Total Assets |
1.641.960,00 |
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|
Shareholder's Funds |
601.559,00 |
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Medium and Long Term
Payable |
64.301,00 |
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|
Short Term Payable |
964.979,00 |
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|
Accruals and Deferrals |
11.121,00 |
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Total Liabilities and
Shareholder's Funds |
1.641.960,00 |
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|
Cost of Goods and
Consumable Materials |
1.795.395,00 |
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Outside Supplies and
Services |
165.774,00 |
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Personnel Costs |
151.434,00 |
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Sales |
2.265.400,00 |
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Supplementary Income |
7.578,00 |
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Comparatives
|
|
31-12-2005 |
31-12-2006 |
31-12-2007 |
|
Net Sales |
2.056.046,00 |
2.224.577,00 |
2.265.400,00 |
|
Net Income For the Year |
20.039,00 |
(103.999,00) |
60.804,00 |
|
Current Assets |
1.158.122,00 |
1.313.413,00 |
1.430.296,00 |
|
Short Term Payables |
543.731,00 |
911.188,00 |
964.979,00 |
|
Cash Flow |
614.391,00 |
402.225,00 |
465.317,00 |
|
Total Assets |
1.309.652,00 |
1.485.824,00 |
1.641.960,00 |
|
Total Liabilities |
826.798,00 |
945.070,00 |
1.040.401,00 |
|
Shareholders Funds |
482.854,00 |
540.755,00 |
601.559,00 |
|
Personnel Costs |
144.083,00 |
159.553,00 |
151.434,00 |
Ratios
|
|
31-12-2005 |
31-12-2006 |
31-12-2007 |
|
FINANCIAL SITUATION |
|
|
|
|
General Liquidity |
2,13 |
1,44 |
1,48 |
|
Immediate Liquidity |
1,39 |
0,98 |
1,03 |
|
Financial Autonomy |
0,37 |
0,36 |
0,37 |
|
Solvency |
0,58 |
0,57 |
0,58 |
|
RENTABILITY |
|
|
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Sales Rentability |
0,97 % |
(4,68) % |
2,68 % |
|
Sales Rate Increase |
|
8,20 % |
1,84 % |
|
EFFICIÊNCY |
|
|
|
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Assets Turnover |
1,57 |
1,50 |
1,38 |
Balance
Sheet and Income Statement
|
Balance Sheet |
||
|
CoinEURO |
|
Date31-12-2007 |
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|
Gross Assets |
Depreciations / Provisions |
Net Assets |
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Intangible Assets |
|
Subtotal |
6.547,00 |
6.547,00 |
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|
Tangible Assets |
|
Subtotal |
200.814,00 |
150.402,00 |
50.412,00 |
|
Financial
Investments |
|
Subtotal |
100,00 |
|
100,00 |
|
Stocks |
|
Subtotal |
433.915,00 |
|
433.915,00 |
|
Medium
and Long Term Receivable |
|
Subtotal |
189.611,00 |
(28.459,00) |
161.152,00 |
|
Short Term Receivable |
|
Subtotal |
957.369,00 |
|
957.369,00 |
|
Bank
Deposits and Cash |
|
Cash |
40,00 |
|
40,00 |
|
Bank Deposites |
38.972,00 |
|
38.972,00 |
|
Subtotal |
39.012,00 |
|
39.012,00 |
|
Total Assets |
1.827.368,00 |
185.408,00 |
1.641.960,00 |
|
Shareholders
Funds and Liabilities |
|
Shareholders Funds |
|
Capital |
175.000,00 |
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|
Treasury Stock: |
|
|
|
Other Sup. |
180.000,00 |
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|
Reserves : |
|
|
|
Free |
286.223,00 |
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|
Net Retained |
(100.468,00) |
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Net Income For the Year |
60.804,00 |
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|
Total |
601.559,00 |
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Short
Term Payable |
|
Bank Loans |
206.133,00 |
|
|
State and Other Public
Bodies |
67.219,00 |
|
|
Trade Creditors |
691.627,00 |
|
|
Subtotal |
964.979,00 |
|
|
Medium
and Long Term Payable |
|
Adv. For Clients |
39.301,00 |
|
|
Shareholders |
25.000,00 |
|
|
Subtotal |
64.301,00 |
|
|
Accruals
and Deferrals |
|
Accrued Charges |
11.121,00 |
|
|
Subtotal |
11.121,00 |
|
|
TOTAL LIABILITIES |
1.040.401,00 |
|
|
TOTAL LIABILITIES AND SHAREHOLDERS FUNDS |
1.641.960,00 |
|
|
Income Statement |
|
Costs and Losses |
|
Cost of : |
|
|
|
Subtotal |
1.795.395,00 |
|
|
Outside Supplies and
Services |
165.774,00 |
|
|
Personnel Costs |
|
|
|
Subtotal |
151.434,00 |
|
|
Depreciation |
29.643,00 |
|
|
Subtotal |
29.643,00 |
|
|
Other Operating Costs |
4.419,00 |
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|
Int. and Similar Costs: |
|
|
|
Subtotal |
58.775,00 |
|
|
Ext. Costs and Losses |
3.617,00 |
|
|
Taxation Over Income |
11.309,00 |
|
|
Net Income For the Year |
60.804,00 |
|
|
Income
and Profits |
|
Sales of : |
|
|
|
Products |
2.244.616,00 |
|
|
Services Provided |
20.784,00 |
|
|
Subtotal |
2.265.400,00 |
|
|
Supplementary Income |
7.578,00 |
|
|
Subtotal |
7.578,00 |
|
|
Trading Securities Income
|
|
|
|
Int. and Similar Costs |
|
|
|
Other |
2.898,00 |
|
|
Extra Income and Gains |
5.295,00 |
|
|
Net Income For the Year |
60.804,00 |
|
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.69 |
|
UK Pound |
1 |
Rs.72.96 |
|
Euro |
1 |
Rs.63.46 |
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. |
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 |
|
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)