MIRA INFORM
REPORT
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Report Date : |
12.08.2011 |
IDENTIFICATION DETAILS
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Name : |
OGMA-INDUSTRIA AERONAUTICA DE PORTUGAL SA |
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Registered Office : |
Parque Aeronáutico De Alverca, Alverca Do Ribatejo, Postal Code 2615-173-Alverca Do Ribatejo, District Lisboa, Municipality Vila Franca De Xira |
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Country : |
Portugal |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
11.04.1994 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture of aircraft,
spacecraft and related machinery |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
Euros 155.874,00 |
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Status : |
Moderate |
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Payment
Behaviour : |
No Complaints |
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Litigation : |
Exists |
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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Portugal |
a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Bottom of Form
Identification
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Name |
OGMA-INDUSTRIA AERONAUTICA DE PORTUGAL SA |
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V.A.T. Number / NIF |
500792828 |
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Address |
Parque Aeronáutico de Alverca |
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Locality |
ALVERCA DO RIBATEJO |
Postal Code |
2615-173-ALVERCA DO RIBATEJO |
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Municipality |
VILA FRANCA DE XIRA |
District |
LISBOA |
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Telephone |
219581000, 219579000 |
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Fax |
219580401, 219581288 |
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E-Mail |
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Web Site |
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C.A.E.(Rev 3) |
30300- Manufacture of
aircraft, spacecraft and related machinery |
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All the amounts are express in Euros, otherwise you will be advised
Summary
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Legal Form |
Joint Stock Company |
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Constitution |
11-04-1994 |
V.A.T. Number / NIF |
500792828 |
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Employees |
1500 |
Capital |
34.000.000,00 |
|
Sales in : 31-12-2009 |
146.361.943,00 |
Shareholders Funds in:
31-12-2009 |
66.887.719,00 |
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Credit |
Recommended |
Credit Limit |
155.874,00 |
|
Condition |
Normal |
Tendency |
Stationary |
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Financing |
Guaranteed |
Payments |
Good |
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Actual Condition |
In activity |
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Governing Bodies
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Board of Director's |
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ALMIR MIGUEL BORGES |
Board of Director's
President |
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RICARDO ROJAS CAMUNEZ |
Administrator |
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JULIO DE LEMOS DE CASTRO CALDAS |
Administrator |
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LADISLAU CID |
Administrator |
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MANUEL MENDES BRANDAO |
Administrator |
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LUIZ CARLOS SIQUEIRA AGUIAR |
Administrator |
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RAFAEL PASTOR SANS ANDRES |
Administrator |
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Fiscal Board |
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JOSE MANUEL HENRIQUES BERNARDO |
Fiscal Board Substitute |
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PRICEWATERHOUSECOOPERS &
ASSOCIADOS-SOCIEDADE DE REVISORES OFICIAIS DE CONTAS LDA |
Unique Fiscal |
Banks and Financial Institutions
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CAIXA GERAL DE DEPOSITOS, SA |
Alverca |
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BANIF - BANCO INTERNACIONAL DO FUNCHAL, SA |
Centro de Empresas Amoreiras - Lisboa |
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BARCLAYS BANK, PLC |
Avenida da República - Lisboa |
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BANCO BPI, SA |
Avenida Casal Ribeiro - Lisboa |
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MILLENNIUM BCP |
Lisboa |
Historical
|
Registered on the
Register Record Office of Vila Franca de Xira with the Register Number
500792828 previous number 3050 in 11-04-1994 |
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Constitution celebrated
in 11-04-1994 published on Diário da República number 194 of 23-08-1994 |
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To oblige the company it
is necessary 2 signature |
Changes to Society
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In 02-12-2008 on Portal
MJ of 13-03-2009 board of director's change |
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In 13-11-2008 on Portal
MJ of 13-03-2009 board of director's change |
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In 05-03-2008 on Portal
MJ of 23-06-2008 board of director's change |
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In 25-02-2008 on Portal
MJ of 27-02-2008 board of director's change |
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In 26-11-2007 on Portal MJ of 18-12-2007 increase of
capital of 30.000.000€, to 34.000.000E. |
Capital
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The Capital is
34.000.000,00 , divided in 6800000 shares , with a nominal value of 5,00 |
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with the following
shareholders |
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AIRHOLDING-SGPS SA |
22.100.000,00 |
65% |
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EMPORDEF-EMPRESA PORTUGUESA DE DEFESA SGPS SA |
11.900.000,00 |
35% |
Shareholders / Partners Companies
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NAME |
AIRHOLDING-SGPS SA |
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Function |
Shareholder |
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Address |
Parque Aeronáutico de Alverca |
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Locality |
ALVERCA DO RIBATEJO |
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C.A.E. |
64202-Actividades das sociedades gestoras de participações sociais não
financeiras |
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NAME |
EMPORDEF-EMPRESA PORTUGUESA DE DEFESA SGPS SA |
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Function |
Shareholder |
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Address |
Rua Braamcamp, 90, 7º e 8º piso |
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Locality |
LISBOA |
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Telephone |
213805104 |
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Fax |
213805109 |
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E-Mail |
geral@empordef.pt |
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C.A.E. |
64202-Actividades das sociedades gestoras de participações sociais não
financeiras |
Insurance
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Company |
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Companhia Seguros Guardian Insurance PLL |
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Império Bonança Companhia de Seguros SA |
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Lusitania Companhia Seguros SA |
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Tranquilidade Seguros SA |
Special Information
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Event |
General Description |
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Quality Certification |
The holder is certified to the standard NP EN ISO 9001:2008 and ISO
14001:2004 in accordance with standard environmental management |
Activities
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Line of Business |
Percentage |
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Maintenance, repair and
modification of aircraft, engines, avionics, accessories, ground equipment,
manufacture and assembly of structural components of aircraft and aerospace
equipment, study, development, testing and production of aeronautical
equipment and aerospace, military equipment, providing support technical
support to the armed forces, security forces and civil defense organizations
in charge |
100% |
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Type of Clients |
Private Companies/State |
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Sales Conditions |
Contract |
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Imports from |
ALEMANHA,ANGOLA,ESPANHA,FRANÇA,HOLANDA,ARABIA SAUDITA,REINO
UNIDO,MARROCOS,ARGELIA |
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Exports to |
ALEMANHA,FRANÇA,ESTADOS UNIDOS DA AMERICA,REINO UNIDO |
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Employees
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Total |
1500 |
Head Office and Installations
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Head office and installations Parque Aeronáutico de Alverca, ALVERCA
DO RIBATEJO, 2615-173, ALVERCA DO RIBATEJO, Tel:219581000, Fax:219581288 |
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Had head office Avenida Infante D. Pedro, 96, Alverca(Alverca do
Ribatejo), 2615, ALVERCA DO RIBATEJO |
Incidents
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Legal Actions |
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Date: 25-05-2011 |
Judicial District Setúbal - Tribunal Judicial |
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Amount: 223.782,45 Euro |
Type: Ordinária |
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Author: Dsv Solutions
Lda. |
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Process: 3703/11.0TBSTB |
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Observations: Vara de Competência Mista |
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Date: 02-12-2010 |
Judicial District Lisboa - Tribunal do Trabalho |
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Amount: 1.267,20 Euro |
Type: Acção de Processo Comum |
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Author: Aritina Diaconescu |
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Process: 4554/10.5TTLSB |
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Observations: 3º Juízo - 1ª Secção |
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Date: 20-03-2009 |
Judicial District Maia |
1 Court |
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Amount: 4.828,18 Euro |
Type: Especial Cump.Obrig. Pecuniarias DL 269/98 |
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Author: Sonaecom - Serviços de Comunicações SA. |
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Process: 2347/09.1YIPRT |
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Date: 31-07-2008 |
Judicial District Maia |
2 Court |
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Amount: 4.556,07 Euro |
Type: Especial Cump.Obrig. Pecuniarias DL 269/98 |
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Author: Sonaecom - Serviços de Comunicações, S.A |
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Process: 50240/08.7YIPRT |
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Date: 20-04-2006 |
Judicial District Lisboa |
2 Section |
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Amount: 66.739,27 Euro |
Type: Ordinária |
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Author: Spl - Sistemas de Pagamento& Ldª |
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Process: 2539/06.5TVLSB |
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Business Concept
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Consulted sources say
that the subject has been respecting its payments and commercial commitments,
so credit connections with this company are recommended. |
Participations
|
The subject participates
on the following company(ies) |
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NAME |
PORTUGAL SPACE-TECNOLOGIAS E SERVICOS ESPACIAIS SA |
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Address |
Rua Braamcamp, nº 90 - 8.º |
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Locality |
LISBOA |
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C.A.E. |
82990- Other areas of
support services provided to businesses, ne |
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Capital |
2.000.000,00 |
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Participation |
12,5% |
Financial Elements
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31-12-2009 |
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Intangible Assets |
34.605,00 |
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Tangible Assets |
15.963.081,00 |
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Investments |
899.019,00 |
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Stocks |
48.122.994,00 |
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Medium and Long Term
Receivable |
312.851,00 |
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Short Term Receivable |
37.937.860,00 |
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Banks and Cash |
7.470.577,00 |
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Accruals and Deferrals |
34.512.702,00 |
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Total Assets |
145.253.689,00 |
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Shareholder's Funds |
66.887.719,00 |
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Provisions |
6.717.045,00 |
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Medium and Long Term
Payable |
13.122.183,00 |
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Short Term Payable |
31.784.386,00 |
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Accruals and Deferrals |
26.742.356,00 |
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Total Liabilities and
Shareholder's Funds |
145.253.689,00 |
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Cost of Goods and
Consumable Materials |
41.319.160,00 |
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Outside Supplies and
Services |
33.050.474,00 |
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Personnel Costs |
45.324.562,00 |
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Sales |
146.361.943,00 |
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Supplementary Income |
802,00 |
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Comparatives
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|
31-12-2007 |
31-12-2008 |
31-12-2009 |
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Net Sales |
136.945.288,00 |
141.460.248,00 |
146.361.943,00 |
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Net Income For the Year |
2.639.626,00 |
5.563.057,00 |
12.224.091,00 |
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Current Assets |
113.661.572,00 |
140.413.197,00 |
128.044.133,00 |
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Short Term Payables |
41.473.904,00 |
54.180.167,00 |
31.784.386,00 |
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Cash Flow |
72.187.668,00 |
86.233.030,00 |
96.259.747,00 |
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Total Assets |
130.384.095,00 |
159.856.170,00 |
145.253.689,00 |
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Total Liabilities |
80.071.558,00 |
104.429.312,00 |
78.365.970,00 |
|
Shareholders Funds |
50.312.538,00 |
55.426.859,00 |
66.887.719,00 |
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Personnel Costs |
42.764.581,00 |
46.711.872,00 |
45.324.562,00 |
Ratios
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31-12-2007 |
31-12-2008 |
31-12-2009 |
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FINANCIAL SITUATION |
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General Liquidity |
2,74 |
2,59 |
4,03 |
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Immediate Liquidity |
1,63 |
1,58 |
2,51 |
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Financial Autonomy |
0,39 |
0,35 |
0,46 |
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Solvency |
0,63 |
0,53 |
0,85 |
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RENTABILITY |
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Sales Rentability |
1,93 % |
3,93 % |
8,35 % |
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Sales Rate Increase |
|
3,30 % |
3,47 % |
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EFFICIÊNCY |
|
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Assets Turnover |
1,05 |
0,88 |
1,01 |
Balance Sheet and Income Statement
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Balance Sheet |
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CoinEURO |
|
Date31-12-2009 |
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||
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Gross Assets |
Depreciations /
Provisions |
Net Assets |
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Intangible Assets |
|
Subtotal |
22.613.082,00 |
22.578.477,00 |
34.605,00 |
|
Tangible Assets |
|
Subtotal |
99.142.890,00 |
83.179.809,00 |
15.963.081,00 |
|
Financial Investments |
|
Subtotal |
934.019,00 |
35.000,00 |
899.019,00 |
|
Stocks |
|
Subtotal |
58.741.160,00 |
10.618.166,00 |
48.122.994,00 |
|
Medium and Long Term
Receivable |
|
Subtotal |
312.851,00 |
|
312.851,00 |
|
Short Term Receivable |
|
Subtotal |
43.360.486,00 |
5.422.626,00 |
37.937.860,00 |
|
Bank Deposits and Cash |
|
Cash |
43.166,00 |
|
43.166,00 |
|
Bank Deposites |
7.427.411,00 |
|
7.427.411,00 |
|
Subtotal |
7.470.577,00 |
|
7.470.577,00 |
|
Accruals and Deferrals |
|
Accrued Income |
28.513.471,00 |
|
28.513.471,00 |
|
Deferred Cost |
5.999.231,00 |
|
5.999.231,00 |
|
Subtotal |
34.512.702,00 |
|
34.512.702,00 |
|
|
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Total Assets |
267.087.767,00 |
121.834.078,00 |
145.253.689,00 |
|
Shareholders Funds and
Liabilities |
|
Shareholders Funds |
|
Capital |
34.000.000,00 |
|
|
Treasury Stock: |
|
|
|
Capital Adjustments |
(52.225,00) |
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Reserves : |
|
|
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Free |
8.470.027,00 |
|
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Net Retained |
12.245.826,00 |
|
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Net Income For the Year |
12.224.091,00 |
|
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Total |
66.887.719,00 |
|
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Provisions |
|
Subtotal |
6.717.045,00 |
|
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Short Term Payable |
|
Bank Loans |
6.381.640,00 |
|
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Advance For Clients |
3.601.223,00 |
|
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Supliers Fixed Asset |
74.689,00 |
|
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State and Other Public
Bodies |
2.161.511,00 |
|
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Other Creditors |
1.307.819,00 |
|
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Trade Creditors |
18.257.503,00 |
|
|
Subtotal |
31.784.386,00 |
|
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Medium and Long Term
Payable |
|
Bank Loans |
6.250.000,00 |
|
|
Adv. For Clients |
1.034.753,00 |
|
|
Group Companies |
5.837.430,00 |
|
|
Subtotal |
13.122.183,00 |
|
|
Accruals and Deferrals |
|
Accrued Charges |
11.662.090,00 |
|
|
Diferred Income |
15.080.266,00 |
|
|
Subtotal |
26.742.356,00 |
|
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TOTAL LIABILITIES |
78.365.970,00 |
|
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TOTAL LIABILITIES AND
SHAREHOLDERS FUNDS |
145.253.689,00 |
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Income Statement |
|
Costs and Losses |
|
Cost of Materials
Consumed and Goods Sold: |
|
|
|
Subtotal |
41.319.160,00 |
|
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Outside Supplies and
Services |
33.050.474,00 |
|
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Personnel Costs |
|
|
|
Subtotal |
45.324.562,00 |
|
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Depreciation |
3.481.386,00 |
|
|
Provisions |
10.161.477,00 |
|
|
Subtotal |
13.642.863,00 |
|
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Other Operating Costs |
563.714,00 |
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Int. and Similar Costs: |
|
|
|
Subtotal |
7.112.573,00 |
|
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Ext. Costs and Losses |
595.147,00 |
|
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Taxation Over Income |
3.254.066,00 |
|
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Net Income For the Year |
12.224.091,00 |
|
|
Income and Profits |
|
Sales of : |
|
|
|
Products |
39.612.397,00 |
|
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Services Provided |
106.749.546,00 |
|
|
Subtotal |
146.361.943,00 |
|
|
Variation in Production |
(7.353.908,00) |
|
|
Own Works |
103.909,00 |
|
|
Supplementary Income |
802,00 |
|
|
Other Operating Income
and Gains |
2.481.635,00 |
|
|
Subtotal |
2.586.346,00 |
|
|
Trading Securities Income
|
|
|
|
Int. and Similar Costs |
|
|
|
Other |
6.018.714,00 |
|
|
Extra Income and Gains |
2.965.423,00 |
|
|
Net Income For the Year |
12.224.091,00 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.27 |
|
UK Pound |
1 |
Rs.73.34 |
|
Euro |
1 |
Rs.64.58 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.