MIRA
INFORM REPORT
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Report Date : |
19.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
LINDE SOGAS LDA |
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Registered Office : |
Avenida Infante D. Henrique, Lote 21/24 |
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Country : |
Portugal |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
30.07.1946 |
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Com. Reg. No.: |
500266344 18801 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture
of Industrial Gases |
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 62.350,00 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Exists |
Identification
Name LINDE SOGAS LDA
V.A.T. Number / NIF 500266344
Address Avenida Infante D. Henrique, Lote 21/24
Locality LISBOA
Postal Code 1800-217-LISBOA
Municipality LISBOA
District LISBOA
Telephone 218310420, 218310424, 269870210
Fax 218599844, 269634636
E-Mail linde.sogas@pt.linde-gas.com
Web Site www.linde.pt
C.A.E. 24110- Manufacture of
industrial gases
C.A.E. 51650- Wholesale of
other machinery for use in industry, trade and navigation
All the amounts are express
in Euros, otherwise you will be advised
Summary
Legal Form Private
Limited Company
Constitution 22-06-1946
V.A.T. Number / NIF 500266344
Employees 153
Capital 5.650.000,00
Sales in : 31-12-2006 31.240.002,00
Shareholders Funds in: 31-12-2006 23.959.184,00
Credit Recommended
Credit Limit 62.350,00
Condition Normal
Tendency Stationary
Financing Guaranteed
Payments Good
Actual Condition In
activity
Management Bodies
ANDREAS WIEDEMANN Manager
PEDRO GAMEIRO Solicitor
FILOMENA FREIRE Solicitor
JOSE LUIS GULLON Solicitor
Banks and Financial Institutions
BANCO BILBAO
VIZCAYA ARGENTARIA (PORTUGAL), SA Rua
do Ouro
BANCO ESPIRITO
SANTO, SA Poco
do Bispo
MILLENNIUM BCP Estados
Unidos da América
BANCO SANTANDER
TOTTA SA Sacavém
Historical
Registed on the Register
Record Office of Lisboa in 2ª. Secção with the Register Number 500266344 18801
in 30-07-1946
Constitution celebrated in
22-06-1946 published on Diário da República of 26-06-1946
To oblige the company it is
necessary 1 signatures
Changes
to Society
In 24-07-2007 on Portal MJ
of 30-07-2007 manager change
In 29-05-2007 on Portal MJ
of 01-06-2007 manager change
In 22-01-2007 on Portal MJ
of 08-02-2007 manager change
In 13-02-1995 on Diário da
República number 229 of 03-10-1995 change in to a private limited company
In 06-05-1992 on Diário da
República number 192 of 21-08-1992 manager change
Capital
The Capital is 5.650.000,00
with the following
distribution
LINDE TG GMBH 3.531.250,00 62,5%
LINDE HEIMOX GMBH 2.118.750,00 37,5%
Biographies
Name ANDREAS
WIEDEMANN
Funtion Manager
Address Rua das Escolas
Gerais, nº. 7 - 3.º Dto.
Locality Lisboa
Name PEDRO GAMEIRO
Funtion Solicitor
Name Dr. FILOMENA FREIRE
Funtion Solicitor
Locality Lisboa
Name JOSE
LUIS GULLON
Funtion Solicitor
Shareholders
/ Partners Companies
IIC Number 441156
NAME LINDE TG GMBH
Funtion Partner
Locality Alemanha
IIC Number 441161
NAME LINDE
HEIMOX GMBH
Funtion Partner
Locality Alemanha
Vehicles
Trade Mark Quantity License Number
Uma frota de 70
Insurance
Company
Axa Companhia de Seguros SA
Companhia Seguros Allianz Portugal SA
Special Information
Event General
Description
Quality Certification In the area of the systems of the
quality, the bearer meets norm NP EN ISO 9001:2000 in accordance with
certified.
Activities
Line of Business Manufacture of industrial gases; wholesale of
other machinery for use in industry,
trade and
navigation
Percentage 100%
Type of Clients Private
Companies
Sales Conditions Credit
Imports from UNITED STATES OF AMERICA, GERMANY, SPAIN, UNITED KINGDOM
Exports to SPAIN
Employees
Total 153
Head
Office and Installations
Branch rented Loteamento Vilar do Senhor, Unidade J , VILA NOVA DA
TELHA, 4470-777, VILA NOVA DA TELHA, Tel:229998380, Fax:229964039
Factory owned Zona Industrial Ligeira, 2 (Zil 2) - Apartado 165, SINES,
7520-902, SINES, Tel:269870210, Fax:269634636
Factory owned IC2, KM 38.4 IC2, km 38,4 IC2, km 38,4 IC2, km 38,4 IC2,
km 38,4 IC 2 KM. 38.4, CHEGANCAS, 2580-381, ALENQUER, Tel:263730040,
Fax:263732910
Head office and office owned Avenida Infante D. Henrique, Lote 21/24,
LISBOA, 1800-217, LISBOA, Tel:218310424, Fax:218599844
Incidents
Legal Actions
Date: 21-10-2004 Judicial District Oeiras -
Tribunal Judicial
05 Court
Type:
Especial Cump.Obrig. Pecuniarias DL 269/98
Author:
HLC-Telecomunicações e Multimédia Situation: Retirada
Process: 8555/2004
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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31-12-2006 |
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Intangible Assets |
1.226.565,00 |
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Tangible Assets |
18.053.267,00 |
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Stocks |
2.429.961,00 |
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Short Term Receivable |
12.262.730,00 |
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Banks and Cash |
275.110,00 |
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Accruals and Deferrals |
231.488,00 |
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Total Assets |
34.479.121,00 |
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Shareholder's Funds |
23.959.184,00 |
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Provisions |
33.663,00 |
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Medium and Long Term
Payable |
760.280,00 |
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Short Term Payable |
6.288.894,00 |
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Accruals and Deferrals |
3.437.101,00 |
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Total Liabilities and
Shareholder's Funds |
34.479.122,00 |
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Cost of Goods and
Consumable Materials |
8.440.504,00 |
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Outside Supplies and
Services |
6.636.452,00 |
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Personnel Costs |
5.466.733,00 |
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Sales |
31.240.002,00 |
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Supplementary Income |
133.156,00 |
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Comparatives
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31-12-2004 |
31-12-2005 |
31-12-2006 |
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Net Sales |
27.759.461,00 |
28.500.458,00 |
31.240.002,00 |
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Net Income For the Year |
4.964.250,00 |
5.110.840,00 |
4.801.901,00 |
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Current Assets |
14.880.173,00 |
14.991.166,00 |
15.199.289,00 |
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Short Term Payables |
7.757.311,00 |
4.503.992,00 |
6.288.894,00 |
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Cash Flow |
7.122.862,00 |
10.487.174,00 |
8.910.395,00 |
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Total Assets |
37.874.715,00 |
36.351.859,00 |
34.479.121,00 |
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Total Liabilities |
15.421.020,00 |
12.010.763,00 |
10.519.938,00 |
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Shareholders Funds |
22.453.697,00 |
24.341.096,00 |
23.959.184,00 |
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Personnel Costs |
4.803.946,00 |
4.920.802,00 |
5.466.733,00 |
Ratios
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31-12-2004 |
31-12-2005 |
31-12-2006 |
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FINANCIAL SITUATION |
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General Liquidity |
1,92 |
3,33 |
2,42 |
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Immediate Liquidity |
1,64 |
2,85 |
2,03 |
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Financial Autonomy |
0,59 |
0,67 |
0,69 |
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Solvency |
1,46 |
2,03 |
2,28 |
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RENTABILITY |
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Sales Rentability |
17,88 % |
17,93 % |
15,37 % |
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Sales Rate Increase |
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2,67 % |
9,61 % |
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EFFICIÊNCY |
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Assets Turnover |
0,73 |
0,78 |
0,91 |
Balance
Sheet and Income Statement
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Balance Sheet |
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CoinEURO |
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Date31-12-2006 |
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Gross Assets |
Depreciations /
Provisions |
Net Assets |
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Intangible Assets |
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Subtotal |
2.131.500,00 |
904.935,00 |
1.226.565,00 |
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Tangible Assets |
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Subtotal |
59.432.846,00 |
41.379.579,00 |
18.053.267,00 |
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Stocks |
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Subtotal |
2.726.929,00 |
296.968,00 |
2.429.961,00 |
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Short
Term Receivable |
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Subtotal |
15.010.421,00 |
2.747.691,00 |
12.262.730,00 |
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Bank
Deposits and Cash |
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Cash |
4.444,00 |
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4.444,00 |
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Bank Deposites |
270.666,00 |
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270.666,00 |
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Subtotal |
275.110,00 |
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275.110,00 |
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Accruals
and Deferrals |
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Accrued Income |
8.000,00 |
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8.000,00 |
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Deferred Cost |
223.488,00 |
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223.488,00 |
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Subtotal |
231.488,00 |
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231.488,00 |
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Total Assets |
79.808.294,00 |
45.329.173,00 |
34.479.121,00 |
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Shareholders
Funds and Liabilities |
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Shareholders Funds |
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Capital |
5.650.000,00 |
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Treasury Stock: |
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Reserves : |
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Legal |
1.356.592,00 |
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Free |
12.140.002,00 |
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Net Retained |
10.689,00 |
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Net Income For the Year |
4.801.901,00 |
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Total |
23.959.184,00 |
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Provisions |
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Subtotal |
33.663,00 |
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Short
Term Payable |
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Supliers Fixed Asset |
266.519,00 |
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State and Other Public
Bodies |
1.315.018,00 |
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Other Creditors |
171.597,00 |
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Trade Creditors |
2.535.761,00 |
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Group Companies |
2.000.000,00 |
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Subtotal |
6.288.894,00 |
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Medium
and Long Term Payable |
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Subtotal |
760.280,00 |
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Accruals
and Deferrals |
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Accrued Charges |
1.255.940,00 |
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Diferred Income |
2.181.161,00 |
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Subtotal |
3.437.101,00 |
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TOTAL LIABILITIES |
10.519.938,00 |
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TOTAL LIABILITIES AND
SHAREHOLDERS FUNDS |
34.479.122,00 |
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Income
Statement |
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Costs
and Losses |
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Cost of : |
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Subtotal |
8.440.504,00 |
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Outside Supplies and
Services |
6.636.452,00 |
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Personnel Costs |
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Subtotal |
5.466.733,00 |
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Depreciation |
4.082.880,00 |
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Provisions |
333.867,00 |
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Subtotal |
4.416.747,00 |
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Other Operating Costs |
103.331,00 |
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Int. and Similar Costs: |
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Subtotal |
156.034,00 |
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Ext. Costs and Losses |
57.922,00 |
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Taxation Over Income |
1.824.909,00 |
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Net Income For the Year |
4.801.901,00 |
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Income
and Profits |
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Sales of : |
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Products |
21.600.963,00 |
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Services Provided |
9.639.039,00 |
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Subtotal |
31.240.002,00 |
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Variation in Production |
128.753,00 |
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Supplementary Income |
133.156,00 |
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Other Operating Income
and Gains |
24.607,00 |
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Subtotal |
157.763,00 |
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Trading Securities Income
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Int. and Similar Costs |
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Other |
40.168,00 |
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Extra Income and Gains |
337.848,00 |
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Net Income For the Year |
4.801.901,00 |
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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. |
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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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%)