MIRA INFORM REPORT
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Report Date : |
24.08.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
CAFIMPORT-IMPORTACAO E COMERCIO DE CAFES LDA |
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Registered Office : |
Rua Do Campo Alegre, 606 1 , Salas 110/111, Postal Code 4150-17, Locality Porto |
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Country : |
Portugal |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
02.04.1986 |
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Com. Reg. No.: |
501673300 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale
coffee, tea, cocoa and spices |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
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 12.470,00 |
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Status : |
Moderate |
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Payment
Behaviour : |
No Complaints |
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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 – March 31st, 2011
|
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 |
Identification
|
Name |
CAFIMPORT-IMPORTACAO E COMERCIO DE CAFES
LDA |
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V.A.T. Number / NIF |
501673300 |
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Address |
Rua do Campo Alegre, 606 1 , salas 110/111 |
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Locality |
PORTO |
Postal Code |
4150-171-PORTO |
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Municipality |
PORTO |
District |
PORTO |
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Telephone |
226076610 |
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Fax |
226076611 |
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E-Mail |
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C.A.E.(Rev 3) |
46370- Wholesale of coffee, tea, cocoa and
spices |
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All the amounts
are express in Euros, otherwise you will be advised
Summary
|
Legal Form |
Private Limited Company |
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Constitution |
02-04-1986 |
V.A.T. Number / NIF |
501673300 |
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Employees |
10 |
Capital |
49.879,79 |
|
Sales in : 31-12-2009 |
3.261.501,00 |
Shareholders Funds in: 31-12-2009 |
186.602,00 |
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Credit |
Recommended |
Credit Limit |
12.470,00 |
|
Condition |
Normal |
Tendency |
Stationary |
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Financing |
Guaranteed |
Payments |
Good |
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Actual Condition |
In activity |
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Management Bodies
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CARLOS ARTUR GALVAO SEARA CARDOSO |
Managing-Partner |
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MAFALDA CRISTINA DE REININHO DE LIMA E ARAUJO
SEARA CARDOSO |
Managing-Partner |
Banks and Financial Institutions
|
BANCO ESPIRITO SANTO, SA |
Porto |
Historical
|
Registered on the Register Record Office
of Porto in 1ª. Secção with the Register Number 501673300 previous number
42184 in 02-04-1986 |
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Constitution celebrated in 02-04-1986
published on Diário da República number 102 of 05-05-1986 |
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To oblige the company it is necessary 2
signature |
Changes to Society
|
In 25-05-2009 on Portal MJ of 25-05-2009
social change |
Capital
|
The Capital is 49.879,79 |
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with the following distribution |
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CARLOS ARTUR GALVAO SEARA CARDOSO |
47.385,81 |
95% |
|
MAFALDA CRISTINA DE REININHO DE LIMA E
ARAUJO SEARA CARDOSO |
2.493,99 |
5% |
Biographies
|
Name |
CARLOS ARTUR GALVAO SEARA CARDOSO |
|
Function |
Managing-Partner |
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Address |
Rua Campo Alegre, nº 606, 110, Massarelos |
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Locality |
PORTO |
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Civil State |
Married |
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Consort |
Mafalda Cristina de Reininho de Lima e
Araújo Seara Cardoso |
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Name |
MAFALDA CRISTINA DE REININHO DE LIMA E
ARAUJO SEARA CARDOSO |
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Function |
Managing-Partner |
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Address |
Rua Campo Alegre, nº 606, 110, Massarelos |
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Locality |
PORTO |
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Civil State |
Married |
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Consort |
Carlos Artur Galvão Seara Cardoso |
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Professional Connections |
The subject has connections with the
following company (ies) |
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CARDOSO.,MAFALDA CRISTINA DE REININHO DE
LIMA E ARAUJO SEARA as Individual Contractor . |
Activities
|
Line of Business |
Percentage |
|
Comércio por grosso de café, chá, cacau e
especiarias (Wholesale coffee, tea, cocoa and spices) |
100% |
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Type of Clients |
Private Companies |
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Sales Conditions |
Cash/credit |
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Sales Area |
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District |
100% |
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Employees
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Total |
10 |
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Head Office and Installations
|
Head office and installations Rua do Campo
Alegre, 606 1 , salas 110/111, PORTO, 4150-171, PORTO, Tel:226076610,
Fax:226076611 |
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
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|
31-12-2009 |
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Intangible Assets |
1.895,00 |
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Tangible Assets |
2.651,00 |
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Stocks |
154.111,00 |
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Short Term Receivable |
879.584,00 |
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Banks and Cash |
25.782,00 |
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Accruals and Deferrals |
9.002,00 |
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Total Assets |
1.073.025,00 |
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Shareholder's Funds |
186.602,00 |
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Short Term Payable |
872.446,00 |
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Accruals and Deferrals |
13.977,00 |
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Total Liabilities and Shareholder's Funds |
1.073.025,00 |
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Cost of Goods and Consumable Materials |
3.044.240,00 |
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Outside Supplies and Services |
80.581,00 |
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Personnel Costs |
45.204,00 |
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Sales |
3.261.501,00 |
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Supplementary Income |
4.677,00 |
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Comparatives
|
|
31-12-2007 |
31-12-2008 |
31-12-2009 |
|
Net Sales |
2.513.692,00 |
2.623.699,00 |
3.261.501,00 |
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Net Income For the Year |
846,00 |
2.839,00 |
39.071,00 |
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Current Assets |
925.499,00 |
1.272.648,00 |
1.068.479,00 |
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Short Term Payables |
784.307,00 |
1.124.813,00 |
872.446,00 |
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Cash Flow |
141.192,00 |
147.835,00 |
196.033,00 |
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Total Assets |
932.601,00 |
1.277.436,00 |
1.073.025,00 |
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Total Liabilities |
787.909,00 |
1.129.905,00 |
886.423,00 |
|
Shareholders Funds |
144.691,00 |
147.531,00 |
186.602,00 |
|
Personnel Costs |
49.404,00 |
45.370,00 |
45.204,00 |
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 |
1,18 |
1,13 |
1,22 |
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Immediate Liquidity |
0,92 |
0,83 |
1,05 |
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Financial Autonomy |
0,16 |
0,12 |
0,17 |
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Solvency |
0,18 |
0,13 |
0,21 |
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RENTABILITY |
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Sales Rentability |
0,03 % |
0,11 % |
1,20 % |
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Sales Rate Increase |
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4,38 % |
24,31 % |
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EFFICIÊNCY |
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Assets Turnover |
2,70 |
2,05 |
3,04 |
Balance Sheet and Income Statement
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Balance Sheet |
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CoinEURO |
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Date31-12-2009 |
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Gross Assets |
Depreciations /
Provisions |
Net Assets |
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Intangible Assets |
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Subtotal |
2.494,00 |
599,00 |
1.895,00 |
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Tangible Assets |
|
Subtotal |
57.682,00 |
55.031,00 |
2.651,00 |
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Stocks |
|
Subtotal |
154.111,00 |
|
154.111,00 |
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Short Term Receivable |
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Subtotal |
879.584,00 |
|
879.584,00 |
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Bank Deposits and Cash |
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Cash |
37,00 |
|
37,00 |
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Bank Deposites |
25.745,00 |
|
25.745,00 |
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Subtotal |
25.782,00 |
|
25.782,00 |
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Accruals and Deferrals |
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Accrued Income |
7.538,00 |
|
7.538,00 |
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Deferred Cost |
1.464,00 |
|
1.464,00 |
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Subtotal |
9.002,00 |
|
9.002,00 |
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Total Assets |
1.128.655,00 |
55.630,00 |
1.073.025,00 |
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Shareholders Funds and Liabilities |
|
Shareholders Funds |
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Capital |
49.880,00 |
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Treasury Stock: |
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Reserves : |
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Free |
87.739,00 |
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Net Retained |
9.912,00 |
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Net Income For the Year |
39.071,00 |
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Total |
186.602,00 |
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Short Term Payable |
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Bank Loans |
713.750,00 |
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State and Other Public Bodies |
1.303,00 |
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Other Creditors |
42.894,00 |
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Trade Creditors |
114.498,00 |
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Subtotal |
872.446,00 |
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Accruals and Deferrals |
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Accrued Charges |
13.977,00 |
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Subtotal |
13.977,00 |
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TOTAL LIABILITIES |
886.423,00 |
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TOTAL LIABILITIES AND SHAREHOLDERS FUNDS |
1.073.025,00 |
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Income Statement |
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Costs and Losses |
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Cost of Materials Consumed and Goods Sold:
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Subtotal |
3.044.240,00 |
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Outside Supplies and Services |
80.581,00 |
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Personnel Costs |
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Subtotal |
45.204,00 |
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Depreciation |
2.575,00 |
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Subtotal |
2.575,00 |
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Other Operating Costs |
9.647,00 |
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Int. and Similar Costs: |
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Subtotal |
109.854,00 |
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Ext. Costs and Losses |
1.431,00 |
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Taxation Over Income |
12.887,00 |
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Net Income For the Year |
39.071,00 |
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Income and Profits |
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Sales of : |
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Products |
3.237.326,00 |
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Services Provided |
24.175,00 |
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Subtotal |
3.261.501,00 |
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Supplementary Income |
4.677,00 |
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Subtotal |
4.677,00 |
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Trading Securities Income |
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Int. and Similar Costs |
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Other |
74.287,00 |
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Extra Income and Gains |
5.025,00 |
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Net Income For the Year |
39.071,00 |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.69 |
|
UK Pound |
1 |
Rs.75.29 |
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Euro |
1 |
Rs.65.77 |
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 |
|
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 |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.