MIRA INFORM REPORT

 

 

Report Date :           

05.04.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

NOVA CEC-COMERCIO DE PESCADO LDA

 

 

Registered Office :

Estrada Nacional 10 - Lugar Da Anaia, Courela De Anaia, Postal Code 2690-366-Santa Iria De Azoia, Lisboa District

 

 

Country :

Portugal

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

01.06.1998

 

 

Com. Reg. No.:

504166190

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesaler of fish, crustaceans and molluscs

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

Euros 24.940,00

Status :

Small Company 

Payment Behaviour :

Regular

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

Portugal

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

Identification

 

 

Name

NOVA CEC-COMERCIO DE PESCADO LDA

 

 

 

 

V.A.T. Number / NIF

504166190

Address

Estrada Nacional 10 - Lugar da Anaia

 

 

Locality

COURELA DE ANAIA

Postal Code

2690-366-SANTA IRIA DE AZOIA

Municipality

LOURES

District

LISBOA

Telephone

213017858

 

 

Fax

213017860

 

 

E-Mail

novacec@mail.telepac.pt

 

 

 

 

 

 

C.A.E.(Rev 3)

46381- Wholesale trade of fish and shellfish

 

 

 

 

All the amounts are express in Euros, otherwise you will be advised

 

 

 

Summary

 

 

Legal Form

Private Limited Company

 

 

Constitution

01-06-1998

V.A.T. Number / NIF

504166190

Employees

2

Capital

355.000,00

Sales in : 31-12-2009

2.994.856,00

Shareholders Funds in: 31-12-2009

391.331,00

Credit

Recommended

Credit Limit

24.940,00

Condition

Normal

Tendency

Stationary

Financing

Guaranteed

Payments

Good

Actual Condition

In activity

 

 

 

 

Management Bodies

 

 

ARMENIO MOREIRA DIAS

Manager

JORGE MANUEL LOPES RATO

Manager

VITOR MANUEL CARVALHO MORAIS

Manager

JOSE AUGUSTO DA SILVA NICOLAU

Manager

 

 

Banks and Financial Institutions

 

 

MILLENNIUM BCP

Direcçăo de Empresas - Rua do Ouro - Lisboa

MILLENNIUM BCP

Rua do Ouro ( Lisboa )

 

Historical

 

 

Registered on the Register Record Office of Lisboa in 2ª. Secçăo with the Register Number 504166190 previous number 8366 in 01-06-1998

Constitution celebrated in 01-06-1998 published on Diário da República number 196 of 26-08-1998

To oblige the company it is necessary 2 signature

 

 

Changes to Society

 

 

In 12-01-2011 on Portal MJ of 14-01-2011 head office change

In 30-04-2009 on Portal MJ of 08-06-2009 reduction of capital and manager change

In 21-07-2008 on Portal MJ of 23-07-2008 social change

In 15-04-2008 on Portal MJ of 22-04-2008 manager change

In 14-09-2007 on Portal MJ of 18-09-2007 social change

 

 

Capital

 

 

The Capital is 355.000,00

 

 

with the following distribution

 

NIGEL-CONGELADORA JOSE NICOLAU LDA

88.750,00

25%

L.M.& M.-IMPORTACAO E EXPORTACAO LDA

88.750,00

25%

EUROTEJO-COMERCIO E INDUSTRIA DO PEIXE LDA

88.750,00

25%

FRINA-FRIGORIFICOS NACIONAIS SA

88.750,00

25%

 

 

Biographies

 

 

Name

ARMENIO MOREIRA DIAS

Function

Manager

Address

Alameda do Doutor Ernesto Castro e Silva, 13

Locality

CAXIAS

Civil State

Married

Professional Connections

The subject has connections with the following company (ies)

 

ALBINO VALENTE LDA as Partner with a participation of 1.596,15 , in a capital of 19.951,92 .

 

EUROTEJO-COMERCIO E INDUSTRIA DO PEIXE LDA as Managing-Partner .

 

AUTODOCA-SOCIEDADE REVENDEDORA DE COMBUSTIVEIS LDA as Manager .

 

MARISQUEIRA CAIS DO SODRE LDA as Managing-Partner with a participation of 1.246,99 , in a capital of 130.000,00 .

 

Name

JORGE MANUEL LOPES RATO

Function

Manager

Address

Avenida das Indústrias - Alto de Colaride

Locality

AGUALVA

Civil State

Married

Professional Connections

The subject has connections with the following company (ies)

 

FRINA-FRIGORIFICOS NACIONAIS SA as Shareholder and Administrator with a participation of 100.630,00 , in a capital of 1.870.505,00 .

 

Name

VITOR MANUEL CARVALHO MORAIS

Function

Manager

Address

Estrada Nacional nº361, 69, 1º

Locality

Lourinha

Birth Date

10-09-1954

Naturality

Săo Sebastiăo da Pedreira - Lisboa

Civil State

Divorced

Professional Connections

The subject has connections with the following company (ies)

 

O.D.C.-ORGANIZACAO E DISTRIBUICAO DE CONGELADOS LDA as Managing-Partner with a participation of 9.765,00 , in a capital of 99.759,58 .

 

MERCABOM-PRODUTOS ALIMENTARES LDA as Managing-Partner with a participation of 2.450,00 , in a capital of 5.000,00 .

 

L.M.& M.-IMPORTACAO E EXPORTACAO LDA as Managing-Partner with a participation of 99.660,00 , in a capital of 300.000,00 .

 

Name

JOSE AUGUSTO DA SILVA NICOLAU

Function

Manager

Address

Rua de Filipa de Vilhena, 9

Locality

PENICHE

Birth Date

04/06/1946

Naturality

Conceiçăo - Peniche

Civil State

Married

Consort

Maria Teresa da Silva Ferreia Nicolau

Previous Connections

O titular exerceu a sua actividade como empresário em nome individual; foi gerente da firma Nova Cec, Lda

Professional Connections

The subject has connections with the following company (ies)

 

NIGEL-CONGELADORA JOSE NICOLAU LDA as Managing-Partner with a participation of 450.000,00 , in a capital of 1.000.000,00 .

 

NIS 8-IMOBILIARIA E INVESTIMENTO SA as Board of Director's President .

 

NITER-SOCIEDADE CONSTRUCAO E IMOBILIARIA LDA as Managing-Partner with a participation of 375.000,00 , in a capital of 1.630.000,00 .

 

 

Shareholders / Partners Companies

 

 

NAME

NIGEL-CONGELADORA JOSE NICOLAU LDA

Function

Partner

Address

Rua dos Cortiçais, Alto de Santa Cruz, 70 r/c Apartado 22

Locality

PENICHE

Telephone

262790040

Fax

262790041

E-Mail

nigel.peniche@mail.telepac.pt

C.A.E.

10202-Congelaçăo de produtos da pesca e da aquicultura

 

NAME

L.M.& M.-IMPORTACAO E EXPORTACAO LDA

Function

Partner

Address

Rua Adelaide Cabete, 5-8º B

Locality

Lisboa

Telephone

213030460

Fax

213031636

E-Mail

im.m@clix.pt

C.A.E.

46180-Agentes especializados do comércio por grosso de outros produtos

 

NAME

EUROTEJO-COMERCIO E INDUSTRIA DO PEIXE LDA

Function

Partner

Address

DOCAPESCA DE PEDROUCOS-ARMAZEM 85

Locality

Lisboa

Telephone

213030170

Fax

213017509

E-Mail

eurotejo@mail.telepac.pt

C.A.E.

46381-Comércio por grosso de peixe, crustáceos e moluscos

 

NAME

FRINA-FRIGORIFICOS NACIONAIS SA

Function

Partner

Address

Avenida das Indústrias, Casal de Colaride, Apartado 132

Locality

AGUALVA-CACEM

Telephone

214314138

Fax

214314263

E-Mail

frina@frina.pt

C.A.E.

10201-Preparaçăo de produtos da pesca e da aquicultura

 

 

Vehicles

 

 

Trade Mark

Quantity

License Number

Possui veiculos

1

 

 

 

Insurance

 

 

Company

La Equitativa

Companhia de Seguros Portugal Previdente

Liberty Seguros SA

Mapfre Seguros Generales

 

Activities

 

                       

Line of Business

Percentage

Wholesale of fish, crustaceans and molluscs

100%

 

 

Type of Clients

Retailers

 

 

Sales Conditions

Contract

 

 

Sales Area

 

 

 

Country

100%

 

 

Imports

90%

from

ARGENTINA, INDIA, KENYA, TANZANIA, UNITED STATES OF AMERICA

 

 

Employees

 

 

Total

2

 

 

Head Office and Installations

 

 

Had installations rented Doca de Pesca de Pedrouços, Porta 93 B, Gabinete 8 , LISBOA, 1400-298, LISBOA

Head office and installations Estrada Nacional 10 - Lugar da Anaia, COURELA DE ANAIA, 2690-366, SANTA IRIA DE AZOIA, Tel:213017858, Fax:213017860

 

 

Incidents

 

 

Incidents

 

There are no records of incidents on our database

 

 

Business Concept

 

 

Consulted sources say that the subject has been respecting its payments and commercial commitments, so credit connections with this company are recommended.

 

 

Financial Elements

 

 

 

31-12-2009

 

Tangible Assets

283,00

 

Short Term Receivable

1.040.682,00

 

Trading Securities

92.107,00

 

Banks and Cash

50.216,00

 

Accruals and Deferrals

297,00

 

Total Assets

1.183.585,00

 

Shareholder's Funds

391.331,00

 

Short Term Payable

786.561,00

 

Accruals and Deferrals

5.693,00

 

Total Liabilities and Shareholder's Funds

1.183.585,00

 

Cost of Goods and Consumable Materials

2.834.035,00

 

Outside Supplies and Services

90.600,00

 

Personnel Costs

41.612,00

 

Sales

2.994.856,00

 

Supplementary Income

18,00

 

 

 

Comparatives

 

 

 

31-12-2007

31-12-2008

31-12-2009

Net Sales

4.383.980,00

3.421.924,00

2.994.856,00

Net Income For the Year

21.119,00

17.708,00

(47.746,00)

Current Assets

1.971.598,00

1.429.799,00

1.183.302,00

Short Term Payables

1.246.456,00

780.298,00

786.561,00

Cash Flow

725.142,00

649.501,00

396.741,00

Total Assets

1.974.940,00

1.431.343,00

1.183.585,00

Total Liabilities

1.252.149,00

785.991,00

792.254,00

Shareholders Funds

722.791,00

645.351,00

391.331,00

Personnel Costs

41.026,00

41.501,00

41.612,00

 

 

Ratios

 

 

 

31-12-2007

31-12-2008

31-12-2009

FINANCIAL SITUATION

 

 

 

General Liquidity

1,58

1,83

1,50

Immediate Liquidity

1,52

1,44

1,50

Financial Autonomy

0,37

0,45

0,33

Solvency

0,58

0,82

0,49

RENTABILITY

 

 

 

Sales Rentability

0,48 %

0,52 %

(1,59) %

Sales Rate Increase

 

(21,94) %

(12,48) %

EFFICIÊNCY

 

 

 

Assets Turnover

2,22

2,39

2,53

 

Balance Sheet and Income Statement

 

Balance Sheet

CoinEURO

 

Date31-12-2009

 

 

 

Gross Assets

Depreciations / Provisions

Net Assets

 

Intangible Assets

 

Subtotal

4.632,00

4.632,00

 

 

Tangible Assets

 

Subtotal

12.472,00

12.189,00

283,00

 

Short Term Receivable

 

Subtotal

1.075.889,00

35.207,00

1.040.682,00

 

Trading Securities

 

Subtotal

92.107,00

 

92.107,00

 

Bank Deposits and Cash

 

Cash

144,00

 

144,00

Bank Deposites

50.072,00

 

50.072,00

Subtotal

50.216,00

 

50.216,00

 

Accruals and Deferrals

 

Deferred Cost

297,00

 

297,00

Subtotal

297,00

 

297,00

 

 

 

Total Assets

1.235.613,00

52.028,00

1.183.585,00

 

Shareholders Funds and Liabilities

Shareholders Funds

 

Capital

355.000,00

 

Treasury Stock:

 

 

Reserves :

 

 

Free

45.225,00

 

Net Retained

38.852,00

 

Net Income For the Year

(47.746,00)

 

Total

391.331,00

 

 

Short Term Payable

 

State and Other Public Bodies

8.925,00

 

Other Creditors

13.361,00

 

Trade Creditors

764.276,00

 

Subtotal

786.561,00

 

 

Accruals and Deferrals

 

Accrued Charges

5.693,00

 

Subtotal

5.693,00

 

 

TOTAL LIABILITIES

792.254,00

 

TOTAL LIABILITIES AND SHAREHOLDERS FUNDS

1.183.585,00

 

 

Income Statement

Costs and Losses

 

Cost of Materials Consumed and Goods Sold:

 

 

Subtotal

2.834.035,00

 

Outside Supplies and Services

90.600,00

 

Personnel Costs

 

 

Subtotal

41.612,00

 

Depreciation

1.639,00

 

Provisions

35.207,00

 

Subtotal

36.846,00

 

Other Operating Costs

31.227,00

 

Int. and Similar Costs:

 

 

Subtotal

14.190,00

 

Ext. Costs and Losses

3.432,00

 

Taxation Over Income

258,00

 

Net Income For the Year

(47.746,00)

 

 

Income and Profits

 

Sales of :

 

 

Products

2.974.524,00

 

Services Provided

20.332,00

 

Subtotal

2.994.856,00

 

Supplementary Income

18,00

 

Subtotal

18,00

 

Trading Securities Income

 

 

Int. and Similar Costs

 

 

Other

7.992,00

 

Extra Income and Gains

1.589,00

 

Net Income For the Year

(47.746,00)

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.65

UK Pound

1

Rs.71.93

Euro

1

Rs.63.24

 

 

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

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

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.