MIRA
INFORM REPORT
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Report Date : |
17.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
SIMACA-MATERIAIS PARA CALCADO LDA |
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Registered Office : |
Rua 1º de Maio, Zona Industrial Arrifana |
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Country : |
Portugal |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
26.10.1988 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale
of Other Household Goods |
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 24.940,00 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Identification
Name SIMACA-MATERIAIS PARA CALCADO LDA
V.A.T. Number / NIF 502082976
Address Rua 1º de Maio, Zona Industrial Arrifana
Locality ARRIFANA
Postal Code 3700-541-ARRIFANA VFR
Municipality SANTA MARIA DA FEIRA
District AVEIRO
Telephone 256812762, 967609115
Fax 256812764
E-Mail simaca@simaca.pt/ contacto@simaca.pt
Web Site www.simaca.pt
C.A.E. 51475- Wholesale of other household goods
All the amounts are express
in Euros, otherwise you will be advised
Summary
Legal Form Private
Limited Company
Constitution 26-10-1988
V.A.T. Number / NIF 502082976
Employees 16
Capital 500.000,00
Sales in : 31-12-2006 5.028.097,00
Shareholders Funds in: 31-12-2006 1.148.553,00
Credit Recommended
Credit Limit 24.940,00
Condition Normal
Tendency Stationary
Financing Not
Determined
Payments Good
Actual Condition In
activity
Management
Bodies
CARLOS MANUEL
RESENDE DE OLIVEIRA Managing-Partner
MARIA FILOMENA DA
COSTA MONTEIRO DE OLIVEIRA Managing-Partner
Banks
and Financial Institutions
BANCO ESPIRITO
SANTO, SA Nogueira
do Cravo
MILLENNIUM BCP Arrifana
BANIF - BANCO
INTERNACIONAL DO FUNCHAL, SA São João
da Madeira
Historical
Registed on the Register
Record Office of Santa Maria da Feira with the Register Number 502082976 2610
in 29-12-1988
Constitution celebrated in
26-10-1988 published on Diário da República number 263 of 14-11-1988
To oblige the company it is
necessary 1 signatures
Changes
to Society
In 26-05-2008 on Portal MJ of 26-05-2008 denomination change de Simaca-
Materiais para Calçada Lda para Simaca Lda
In 29-02-2000 on Diário da República number 149 of 30-06-2000 increase
of capital para 100.000.000$00
In 30-01-1998 on Diário da
República number 89 of 14-04-2000 increase of capital para 60.000.000$00
In 30-11-1993 on Diário da
República number 149 of 30-06-2000 increase of capital para 30.000.000$00
on Diário da República number 238 of 16-10-1991 social change
Capital
The Capital is 500.000,00
with the following
distribution
CARLOS MANUEL
RESENDE DE OLIVEIRA 375.000,00 75%
MARIA FILOMENA DA
COSTA MONTEIRO DE OLIVEIRA 125.000,00 25%
Biographies
Name CARLOS
MANUEL RESENDE DE OLIVEIRA
Funtion Managing-Partner
Civil State Married
Consort Maria
Filomena da Costa Monteiro de Oliveira
Previous
Connections Exerceu a sua actividade como
empresario em nome individual
Professional Connections The subject has connections with the following company
(ies)
SERCADI-INVESTIMENTOS
IMOBILIARIOS LDA as Managing-Partner with a participation of 20.000,00 , in a
capital of 100.000,00 .
TRAPOS DE MARCA-LOJAS DE
MODA LDA as Managing-Partner with a participation of 2.500,00 , in a capital of
5.000,00 .
J.C.MELO-COMERCIO
INTERNACIONAL LDA as Managing-Partner with a participation of 20.000,00 , in a
capital of 40.000,00 .
HIFEN-MODAS E
CONFECCOES LDA as Manager .
Name MARIA
FILOMENA DA COSTA MONTEIRO DE OLIVEIRA
Funtion Managing-Partner
Civil State Married
Consort Carlos
Mnauel Resende de Oliveira
Insurance
Company
Companhia Seguros Allianz Portugal SA
Activities
Line of Business Percentage
Article commerce for footwear 100%
Type of Clients Private
Companies
Sales Conditions Cash/credit
Sales Area
Country 100%
Imports from CHINA, REPUBLICA
POPULAR,ITALIA,ESPANHA,INDIA,PAQUISTÃO,TAIWAN
Exports to ALEMANHA,ESPANHA
Employees
Total 16
Head
Office and Installations
Head office and warehouse rented Rua 1º de Maio, Zona Industrial
Arrifana, ARRIFANA, 3700-541, ARRIFANA VFR, Tel:256812762, Fax:256812764
Incidents
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 |
2.494,00 |
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Tangible Assets |
329.592,00 |
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Investments |
260.995,00 |
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Stocks |
3.079.075,00 |
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Short Term Receivable |
971.570,00 |
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Banks and Cash |
47.716,00 |
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Accruals and Deferrals |
8.931,00 |
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Total Assets |
4.700.373,00 |
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Shareholder's Funds |
1.148.553,00 |
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Medium and Long Term
Payable |
1.049.497,00 |
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Short Term Payable |
2.443.841,00 |
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Accruals and Deferrals |
58.482,00 |
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Total Liabilities and
Shareholder's Funds |
4.700.373,00 |
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Cost of Goods and
Consumable Materials |
4.288.190,00 |
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Outside Supplies and
Services |
234.996,00 |
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Personnel Costs |
336.083,00 |
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Sales |
5.028.097,00 |
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Comparatives
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31-12-2004 |
31-12-2005 |
31-12-2006 |
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Net Sales |
5.139.651,00 |
5.260.401,00 |
5.028.097,00 |
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Net Income For the Year |
72.033,00 |
79.522,00 |
54.882,00 |
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Current Assets |
3.646.366,00 |
3.405.693,00 |
4.107.292,00 |
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Short Term Payables |
2.144.874,00 |
1.816.349,00 |
2.443.841,00 |
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Cash Flow |
1.501.492,00 |
1.589.344,00 |
1.663.451,00 |
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Total Assets |
4.362.297,00 |
4.036.405,00 |
4.700.373,00 |
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Total Liabilities |
3.338.149,00 |
2.942.734,00 |
3.551.820,00 |
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Shareholders Funds |
1.024.149,00 |
1.093.671,00 |
1.148.553,00 |
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Personnel Costs |
331.077,00 |
318.862,00 |
336.083,00 |
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 |
1,70 |
1,88 |
1,68 |
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Immediate Liquidity |
0,58 |
0,65 |
0,42 |
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Financial Autonomy |
0,23 |
0,27 |
0,24 |
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Solvency |
0,31 |
0,37 |
0,32 |
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RENTABILITY |
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Sales Rentability |
1,40 % |
1,51 % |
1,09 % |
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Sales Rate Increase |
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2,35 % |
(4,42) % |
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EFFICIÊNCY |
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Assets Turnover |
1,18 |
1,30 |
1,07 |
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 |
7.123,00 |
4.629,00 |
2.494,00 |
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Tangible Assets |
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Subtotal |
1.019.568,00 |
689.976,00 |
329.592,00 |
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Financial
Investments |
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Subtotal |
260.995,00 |
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260.995,00 |
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Stocks |
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Subtotal |
3.079.075,00 |
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3.079.075,00 |
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Short
Term Receivable |
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Subtotal |
1.289.938,00 |
318.368,00 |
971.570,00 |
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Bank
Deposits and Cash |
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Cash |
439,00 |
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439,00 |
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Bank Deposites |
47.277,00 |
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47.277,00 |
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Subtotal |
47.716,00 |
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47.716,00 |
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Accruals
and Deferrals |
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Deferred Cost |
8.931,00 |
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8.931,00 |
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Subtotal |
8.931,00 |
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8.931,00 |
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Total Assets |
5.713.346,00 |
1.012.973,00 |
4.700.373,00 |
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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. |
119.711,00 |
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Share-Issue Premiuns |
1.069,00 |
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Reserves : |
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Legal |
4.878,00 |
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Free |
462.121,00 |
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Net Retained |
5.892,00 |
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Net Income For the Year |
54.882,00 |
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Total |
1.148.553,00 |
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Short
Term Payable |
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Bank Loans |
872.184,00 |
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State and Other Public
Bodies |
140.196,00 |
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Other Creditors |
15.587,00 |
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Trade Creditors |
1.324.849,00 |
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Trade Notes Payable |
91.025,00 |
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Subtotal |
2.443.841,00 |
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Medium
and Long Term Payable |
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Subtotal |
1.049.497,00 |
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Accruals
and Deferrals |
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Accrued Charges |
57.975,00 |
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Diferred Income |
507,00 |
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Subtotal |
58.482,00 |
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TOTAL LIABILITIES |
3.551.820,00 |
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TOTAL LIABILITIES AND
SHAREHOLDERS FUNDS |
4.700.373,00 |
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Income
Statement |
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Costs
and Losses |
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Cost of : |
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Subtotal |
4.288.190,00 |
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Outside Supplies and
Services |
234.996,00 |
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Personnel Costs |
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Subtotal |
336.083,00 |
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Depreciation |
49.760,00 |
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Provisions |
31.246,00 |
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Subtotal |
81.006,00 |
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Other Operating Costs |
40.417,00 |
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Int. and Similar Costs: |
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Subtotal |
226.616,00 |
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Ext. Costs and Losses |
3.255,00 |
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Taxation Over Income |
11.375,00 |
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Net Income For the Year |
54.882,00 |
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Income
and Profits |
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Sales of : |
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Products |
5.022.490,00 |
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Services Provided |
5.607,00 |
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Subtotal |
5.028.097,00 |
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Trading Securities Income
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Int. and Similar Costs |
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Other |
248.065,00 |
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Extra Income and Gains |
656,00 |
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Net Income For the Year |
54.882,00 |
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FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.78 |
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UK Pound |
1 |
Rs.85.51 |
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Euro |
1 |
Rs.67.90 |
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%)