MIRA
INFORM REPORT
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Report Date : |
09.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
FIOTEL-EMPRESA DE FIOS TEXTEIS LDA |
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Registered Office : |
Zona Industrial Maia I, Sector VII, Rua D - Lote 143 4470-611-Moreira Mai |
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Country : |
Portugal |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
21.08.1967 |
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Com. Reg. No.: |
500116580 17163 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale of textiles |
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 37.410,00 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Identification
Name FIOTEL-EMPRESA DE FIOS
TEXTEIS LDA
V.A.T. Number / NIF 500116580
Address Zona Industrial Maia I,
Sector VII, Rua D - Lote 143
Locality MOREIRA
Postal Code 4470-611-MOREIRA MAI
Telephone 229482003, 229476653
Fax 229489745
E-Mail fiotel@fiotel.pt
Web Site www.fiotel.pt
C.A.E. 51410-
Wholesale of textiles
All the amounts are express
in Euros, otherwise you will be advised
Summary
Legal Form Private
Limited Company
Constitution 05-07-1967
V.A.T. Number / NIF 500116580
Employees 11
Capital 500.000,00
Sales in : 31-12-2006 1.671.593,02
Shareholders Funds in: 31-12-2006 1.138.240,94
Credit Recommended
Credit Limit 37.410,00
Condition Normal
Tendency Stationary
Financing Guaranteed
Payments Good
Rating E3
Actual Condition In
activity
Management Bodies
ANTONIO PEDROSO
DIAS DOS SANTOS Managing-Partner
ABILIO FERNANDO
DIAS PEDROSO Managing-Partner
Banks
and Financial Institutions
CAIXA GERAL DE
DEPOSITOS, SA Maia
BANCO BPI, SA Nogueira
da Maia
MILLENNIUM BCP Maia
Historical
Registed on the Register
Record Office of Maia with the Register Number 500116580 17163 in 21-08-1967
Constitution celebrated in
05-07-1967 published on Diário da República of 25-07-1967
To oblige the company it is
necessary 1 signatures
Changes
to Society
In 17-12-1991 on Diário da
República number 127 of 02-06-1992 increase of capital para 100.000.000$00
Capital
The Capital is 500.000,00
with the following
distribution
ANTONIO PEDROSO
DIAS DOS SANTOS 200.000,00 40%
ABILIO FERNANDO
DIAS PEDROSO 300.000,00 60%
Biographies
Name ANTONIO
PEDROSO DIAS DOS SANTOS
Funtion Managing-Partner
Name ABILIO
FERNANDO DIAS PEDROSO
Funtion Managing-Partner
Address Rua
de José Moreira da Silva, 389
Locality Moreira
Civil State Married
Professional Connections The subject has connections with the
following company (ies)
MELO & ELIAS
LDA as Manager .
FERNANDO PEDROSO LDA as Managing-Partner with a
participation of 125.000,00 , in a capital of 250.000,00 .
COMBOSOLI-COMBUSTIVEIS E IMOBILIARIA LDA as
Partner with a participation of 1.000,00 , in a capital of 5.000,00 .
Insurance
Company
Axa Companhia de Seguros SA
Special Information
Event General
Description
Difficulties of Investigation Responsible of the bearer they had declined
to authorize elements. According to other sources, it was selected what it is
indicated
Activities
Line of Business
Wholesale of textiles Percentage 100%
Type of
Clients Retailers/Wholesalers
Sales
Conditions Credit
Sales Area
Country 95%
Foreign 5%
Imports from ALEMANHA,GRECIA,ESPANHA,INDIA,INDONESIA,PAQUISTÃO
Exports 5% to ESPANHA,FRANÇA
Employees
Total 11
Head
Office and Installations
Head office Rua José Moreira da Silva,Moreira, MAIA, 4470-611, MAIA, Tel:229476171
Installations Zona Industrial Maia I, Sector VII, Rua D - Lote 143,
MOREIRA, 4470-611, MOREIRA MAI, Tel:229476171, Fax:229489745
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.
Financial
Elements
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31-12-2006 |
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Intangible Assets |
13.068,51 |
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Tangible Assets |
334.996,50 |
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Investments |
230.449,58 |
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Stocks |
813.518,91 |
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Medium and Long Term
Receivable |
106.594,70 |
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Short Term Receivable |
559.269,13 |
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Trading Securities |
4.121,60 |
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Banks and Cash |
98.988,49 |
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Total Assets |
2.161.007,41 |
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Shareholder's Funds |
1.138.240,94 |
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Medium and Long Term
Payable |
459.034,81 |
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Short Term Payable |
540.036,54 |
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Accruals and Deferrals |
23.695,12 |
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Total Liabilities and
Shareholder's Funds |
2.161.007,41 |
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Cost of Goods and
Consumable Materials |
1.406.509,33 |
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Outside Supplies and
Services |
141.742,36 |
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Personnel Costs |
155.369,06 |
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Sales |
1.671.593,02 |
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Comparatives
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31-12-2004 |
31-12-2005 |
31-12-2006 |
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Net Sales |
1.615.524,00 |
1.096.473,85 |
1.671.593,02 |
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Net Income For the Year |
3.568,00 |
(110.047,17) |
(87.951,52) |
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Clients |
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406.019,16 |
370.446,69 |
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Current Assets |
1.775.850,00 |
1.702.678,44 |
1.475.898,13 |
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Short Term Payables |
585.910,00 |
665.105,64 |
540.036,54 |
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Cash Flow |
1.189.940,00 |
1.037.572,80 |
935.861,59 |
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Total Assets |
2.395.524,00 |
2.374.270,83 |
2.161.007,41 |
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Total Liabilities |
1.057.046,00 |
1.148.078,37 |
1.022.766,47 |
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Shareholders Funds |
1.336.240,00 |
1.226.192,46 |
1.138.240,94 |
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Personnel Costs |
133.883,00 |
154.945,76 |
155.369,06 |
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 |
3,03 |
2,56 |
2,73 |
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Immediate Liquidity |
1,83 |
1,61 |
1,23 |
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Financial Autonomy |
0,56 |
0,52 |
0,53 |
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Solvency |
1,26 |
1,07 |
1,11 |
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RENTABILITY |
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Sales Rentability |
0,22 % |
(10,04) % |
(5,26) % |
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Sales Rate Increase |
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(32,13) % |
52,45 % |
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EFFICIÊNCY |
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Assets Turnover |
0,67 |
0,46 |
0,77 |
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Medium Term of Receiving |
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123,84 |
50,42 |
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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Start-Up Costs |
1.776,77 |
1.776,77 |
0,00 |
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Ind.Prop.Other Rights |
598,56 |
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598,56 |
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Lease Premium Payments |
12.469,95 |
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12.469,95 |
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Subtotal |
14.845,28 |
1.776,77 |
13.068,51 |
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Tangible Assets |
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Land and Natural
Resources |
26.194,37 |
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26.194,37 |
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Buildings and Improvments
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175.412,37 |
92.202,87 |
83.209,50 |
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Basic Equipment |
444.307,25 |
255.925,40 |
188.381,85 |
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Transport Equipment |
88.508,13 |
79.377,11 |
9.131,02 |
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Loose Tools |
44.953,91 |
27.548,59 |
17.405,32 |
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Administrative Equipment |
48.530,35 |
37.855,91 |
10.674,44 |
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Subtotal |
827.906,38 |
492.909,88 |
334.996,50 |
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Financial
Investments |
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Sec. and Other Short Term
Inv. |
230.449,58 |
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230.449,58 |
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Subtotal |
230.449,58 |
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230.449,58 |
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Stocks |
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Goods for Sale |
875.363,93 |
61.845,02 |
813.518,91 |
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Subtotal |
875.363,93 |
61.845,02 |
813.518,91 |
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Medium
and Long Term Receivable |
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Debtors-Doubtful Recovery
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297.262,95 |
190.668,25 |
106.594,70 |
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Subtotal |
297.262,95 |
190.668,25 |
106.594,70 |
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Short
Term Receivable |
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Trade Debtors |
230.901,18 |
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230.901,18 |
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Trade Debtors Not. Rec. |
139.545,51 |
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139.545,51 |
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Other Debtors |
188.822,44 |
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188.822,44 |
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Subtotal |
559.269,13 |
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559.269,13 |
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Trading Securities |
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Other Short Term Inv. |
5.044,67 |
923,07 |
4.121,60 |
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Subtotal |
5.044,67 |
923,07 |
4.121,60 |
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Bank
Deposits and Cash |
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Cash |
90.351,14 |
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90.351,14 |
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Bank Deposites |
8.637,35 |
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8.637,35 |
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Subtotal |
98.988,49 |
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98.988,49 |
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Total Depreciation |
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494.686,65 |
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Total Provisions |
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253.436,34 |
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Total Assets |
2.909.130,40 |
748.122,99 |
2.161.007,41 |
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Shareholders
Funds and Liabilities |
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Shareholders Funds |
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Capital |
500.000,00 |
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Treasury Stock: |
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Other Sup. |
897.836,22 |
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Reserves : |
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Revaluation |
51.475,29 |
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Legal |
2.102,44 |
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Net Retained |
(225.221,49) |
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Net Income For the Year |
(87.951,52) |
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Total |
1.138.240,94 |
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Short
Term Payable |
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Bank Loans |
249.519,16 |
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State and Other Public
Bodies |
24.214,56 |
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Other Creditors |
38.854,66 |
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Trade Creditors |
227.448,16 |
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Subtotal |
540.036,54 |
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Medium
and Long Term Payable |
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Shareholders |
459.034,81 |
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Subtotal |
459.034,81 |
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Accruals
and Deferrals |
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Accrued Charges |
23.695,12 |
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Subtotal |
23.695,12 |
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TOTAL LIABILITIES |
1.022.766,47 |
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TOTAL LIABILITIES AND
SHAREHOLDERS FUNDS |
2.161.007,41 |
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Income
Statement |
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Costs
and Losses |
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Cost of : |
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Goods for resale |
1.406.509,33 |
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Subtotal |
1.406.509,33 |
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Outside Supplies and
Services |
141.742,36 |
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Personnel Costs |
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Remunerations |
117.894,60 |
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Other |
37.474,46 |
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Subtotal |
155.369,06 |
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Depreciation |
16.069,01 |
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Provisions |
71.750,25 |
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Subtotal |
87.819,26 |
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Taxes |
11.216,76 |
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Other Operating Costs |
348,00 |
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Subtotal |
11.564,76 |
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Int. and Similar Costs: |
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Other |
43.632,71 |
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Subtotal |
43.632,71 |
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Ext. Costs and Losses |
2.128,00 |
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Taxation Over Income |
279,12 |
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Net Income For the Year |
(87.951,52) |
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Income
and Profits |
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Sales of : |
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Goods for resale |
1.667.818,24 |
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Services Provided |
3.774,78 |
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Subtotal |
1.671.593,02 |
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Other Operating Income
and Gains |
42.058,18 |
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Subtotal |
42.058,18 |
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Other |
106,04 |
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Trading Securities Income
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Other |
2.161,68 |
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Int. and Similar Costs |
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Other |
18.478,53 |
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Subtotal |
20.746,25 |
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Extra Income and Gains |
26.695,63 |
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Operating Income |
(89.353,57) |
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Financial Income |
(22.886,46) |
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Current Income |
(112.240,03) |
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Net Income Before
Taxation |
(87.672,40) |
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Net Income For the Year |
(87.951,52) |
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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%)