MIRA INFORM REPORT

 

 

Report Date :

08.04.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

CARLOS ALBERTO CORREIA DA SILVA LDA

 

 

Registered Office :

Rua Nova do Corujo, 171, Corujo, Barcelos

 

 

Country :

Portugal

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

08.06.2001

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Industry and trade of knitwear and fabrics and weaving operations

 

 

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

 

Status :

Satisfactory

 

 

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

CARLOS ALBERTO CORREIA DA SILVA LDA

 

 

 

 

V.A.T. Number / NIF

505490536

Denomination

Fábrica de Malhas do Carregal

 

 

Address

Rua Nova do Corujo, 171

 

 

Locality

CORUJO

Postal Code

4750-784-VILA BOA BCL

Municipality

BARCELOS

District

BRAGA

Telephone

253825610

 

 

Fax

253825612

 

 

E-Mail

malhascarregal@hotmail.com

 

 

 

 

 

 

C.A.E.(Rev 3)

13910- Manufacture of knitted fabrics

 

 

 

 

Summary

 

 

 

Legal Form

Private Limited Company

 

 

Constitution

08-06-2001

V.A.T. Number / NIF

505490536

Employees

10

Capital

50.000,00

Sales in : 31-12-2009

1.646.495,00

Shareholders Funds in: 31-12-2009

203.795,00

Credit

Recommended

Credit Limit

12.470,00

Condition

Normal

Tendency

Stationary

Financing

Guaranteed

Payments

Good

Actual Condition

In activity

 

 

 

 

Management Bodies

 

 

LUIS MIGUEL FARIA CORREIA SILVA

Managing-Partner

CARLOS ALBERTO CORREIA SILVA

Managing-Partner

 

 

Banks and Financial Institutions

 

 

BANCO ESPIRITO SANTO, SA

Barcelos

 

 

Historical

 

 

Registed on the Register Record Office of Barcelos with the Register Number 505490536 previous number 4044 in 08-06-2001

Constitution celebrated in 08-06-2001 published on Diário da República number 169 of 23-07-2001

To oblige the company it is necessary 1 signatures

 

 

Capital

 

 

The Capital is 50.000,00

 

 

with the following distribution

 

JOANA ISABEL FARIA CORREIA DA SILVA

5.000,00

10%

LUIS MIGUEL FARIA CORREIA SILVA

5.000,00

10%

SUSANA CRISTINA FARIA CORREIA DA SILVA

5.000,00

10%

MARIA DO CEU SIMOES FARIA

17.500,00

35%

CARLOS ALBERTO CORREIA SILVA

17.500,00

35%

 

 

Biographies

 

Name

JOANA ISABEL FARIA CORREIA DA SILVA

Function

Partner

 

Name

LUIS MIGUEL FARIA CORREIA SILVA

Function

Managing-Partner

Professional Connections

The subject has connections with the following company (ies)

 

NORTEMOBI-MOBILIARIO DO NORTE SOCIEDADE UNIPESSOAL LDA as Managing-Partner with a participation of 5.000,00 , in a capital of 5.000,00 .

 

Name

SUSANA CRISTINA FARIA CORREIA DA SILVA

Function

Partner

 

Name

MARIA DO CEU SIMOES FARIA

Function

Partner

Address

Rua do Carregal - Săo Martinho

Locality

Barcelos

Civil State

Married

Consort

Carlos Alberto Correia Silva

 

Name

CARLOS ALBERTO CORREIA SILVA

Function

Managing-Partner

Address

Rua do Carregal - Săo Martinho

Locality

Barcelos

Birth Date

11-01-1933

Civil State

Married

Consort

Maria do Céu simơes Faria

Previous Connections

Exerceu a sua actividade como empresário em nome individual, e foi administrador da firma Induvis-Industria de Mobiliário de Viseu SA

 

 

Insurance

 

 

Company

Axa Companhia de Seguros SA

 

 

Activities

 

 

Line of Business

Percentage

Indústria e comércio de malhas e tecidos e exploraçăo de tecelagem

(Industry and trade of knitwear and fabrics and weaving operation)

100%

 

 

Type of Clients

Private Companies/Public

 

 

Sales Conditions

Cash/credit

 

 

Sales Area

 

 

 

District

100%

 

 

 

 

Denominations

 

 

Fábrica de Malhas do Carregal

 

 

 

 

 

 

Employees

 

 

Total

10

 

 

Head Office and Installations

 

 

Head office, warehouse and factory rented Rua Nova do Corujo, 171, CORUJO, 4750-784, VILA BOA BCL, Tel:253825610, Fax:253825612

 

 

Incidents

 

 

 

There are no 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

127.757,00

Stocks

120.042,00

Short Term Receivable

812.962,00

Trading Securities

11.789,00

Banks and Cash

38.366,00

Accruals and Deferrals

2.433,00

Total Assets

1.113.349,00

Shareholder's Funds

203.795,00

Medium and Long Term Payable

171.075,00

Short Term Payable

720.926,00

Accruals and Deferrals

17.554,00

Total Liabilities and Shareholder's Funds

1.113.350,00

Cost of Goods and Consumable Materials

1.088.253,00

Outside Supplies and Services

308.918,00

Personnel Costs

136.965,00

Sales

1.646.495,00

 

 

Comparatives

 

 

 

31-12-2007

31-12-2008

31-12-2009

Net Sales

1.493.336,00

1.266.594,00

1.646.495,00

Net Income For the Year

60.861,00

(18.875,00)

13.811,00

Current Assets

814.557,00

742.018,00

985.592,00

Short Term Payables

558.705,00

562.154,00

720.926,00

Cash Flow

255.852,00

179.864,00

264.666,00

Total Assets

1.049.736,00

948.609,00

1.113.349,00

Total Liabilities

838.478,00

758.624,00

909.555,00

Shareholders Funds

211.259,00

189.984,00

203.795,00

Personnel Costs

153.429,00

155.092,00

136.965,00

 

 

Ratios

 

 

 

31-12-2007

31-12-2008

31-12-2009

FINANCIAL SITUATION

 

 

 

General Liquidity

1,46

1,32

1,37

Immediate Liquidity

1,09

0,99

1,20

Financial Autonomy

0,20

0,20

0,18

Solvency

0,25

0,25

0,22

RENTABILITY

 

 

 

Sales Rentability

4,08 %

(1,49) %

0,84 %

Sales Rate Increase

 

(15,18) %

29,99 %

EFFICIÊNCY

 

 

 

Assets Turnover

1,42

1,34

1,48

 

 

Balance Sheet

 

 

Coin EURO

 

Date31-12-2009

 

 

 

Gross Assets

Depreciations / Provisions

Net Assets

 

Tangible Assets

 

Subtotal

915.995,00

788.238,00

127.757,00

 

Stocks

 

Subtotal

120.042,00

 

120.042,00

 

Short Term Receivable

 

Subtotal

812.962,00

 

812.962,00

 

Trading Securities

 

Subtotal

11.789,00

 

11.789,00

 

Bank Deposits and Cash

 

Cash

8.921,00

 

8.921,00

Bank Deposites

29.445,00

 

29.445,00

Subtotal

38.366,00

 

38.366,00

 

Accruals and Deferrals

 

Deferred Cost

2.433,00

 

2.433,00

Subtotal

2.433,00

 

2.433,00

 

 

 

Total Assets

1.901.587,00

788.238,00

1.113.349,00

 

Shareholders Funds and Liabilities

Shareholders Funds

 

Capital

50.000,00

 

Treasury Stock:

 

 

Other Sup.

50.000,00

 

Reserves :

 

 

Free

7.911,00

 

Net Retained

82.073,00

 

Net Income For the Year

13.811,00

 

Total

203.795,00

 

 

Short Term Payable

 

Bank Loans

238.379,00

 

Supliers Fixed Asset

8.781,00

 

State and Other Public Bodies

15.373,00

 

Other Creditors

43.918,00

 

Trade Creditors

278.378,00

 

Trade Notes Payable

101.097,00

 

Shareholders

35.000,00

 

Subtotal

720.926,00

 

 

Medium and Long Term Payable

 

Bank Loans

156.425,00

 

Adv. For Clients

14.650,00

 

Subtotal

171.075,00

 

 

Accruals and Deferrals

 

Accrued Charges

17.554,00

 

Subtotal

17.554,00

 

 

TOTAL LIABILITIES

909.555,00

 

TOTAL LIABILITIES AND SHAREHOLDERS FUNDS

1.113.350,00

 

 

Income Statement

Costs and Losses

 

Cost of Materials Consumed and Goods Sold:

 

 

Subtotal

1.088.253,00

 

Outside Supplies and Services

308.918,00

 

Personnel Costs

 

 

Subtotal

136.965,00

 

Depreciation

78.834,00

 

Subtotal

78.834,00

 

Other Operating Costs

4.947,00

 

Int. and Similar Costs:

 

 

Subtotal

33.890,00

 

Ext. Costs and Losses

573,00

 

Taxation Over Income

1.603,00

 

Net Income For the Year

13.811,00

 

 

Income and Profits

 

Sales of :

 

 

Products

1.526.800,00

 

Services Provided

119.695,00

 

Subtotal

1.646.495,00

 

Variation in Production

(4.091,00)

 

Trading Securities Income

 

 

Int. and Similar Costs

 

 

Other

24.827,00

 

Extra Income and Gains

563,00

 

Net Income For the Year

13.811,00

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.22

UK Pound

1

Rs.71.97

Euro

1

Rs.63.23

 

 

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

--

NB

                                       New Business

 

--

 

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.