MIRA
INFORM REPORT
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Report Date : |
27.08.2011 |
IDENTIFICATION DETAILS
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Name : |
IBERACERO |
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Registered Office : |
Zona Industrial da Maia I-Rua Outeiro, Sector 1, lote 45,
Gemunde, 4475-132-GEMUNDE |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
17.12.1991 |
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Com. Reg. No.: |
502641649 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale of other machinery and equipment |
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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Exist |
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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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
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Name |
IBERACERO |
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V.A.T. Number / NIF |
502641649 |
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Address |
Zona Industrial da Maia I-Rua Outeiro, Sector 1, lote 45 |
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Locality |
Gemunde |
Postal Code |
4475-132-GEMUNDE |
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Municipality |
MAIA |
District |
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Telephone |
229479020 |
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Fax |
229479029 |
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E-Mail |
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Web Site |
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C.A.E.(Rev 3) |
46690- Wholesale of other machinery and equipment |
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The classification of economic
activities used is CAE Revision 3, adopted on 14 November 2007, which came to
replace CAE Revision 2.1 |
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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 |
17-12-1991 |
V.A.T. Number / NIF |
502641649 |
|
Employees |
7 |
Capital |
500.000,00 |
|
Sales in : 31-12-2009 |
2.488.427,00 |
Shareholders Funds in: 31-12-2009 |
729.871,00 |
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Credit |
Caution |
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|
|
Condition |
Not Determined |
Tendency |
Not Determined |
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Financing |
Not Guaranteed |
Payments |
Not Determined |
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Rating |
0 |
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Actual Condition |
In activity |
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Management Bodies
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KARL AUGUST VORKAUF |
Managing-Partner |
Banks and Financial
Institutions
|
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BANCO ESPIRITO SANTO, SA |
Maia |
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MILLENNIUM BCP |
Bom Sucesso-Porto |
Historical
|
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Registed on the Register Record Office of Maia with the
Register Number 502641649 previous number 1581 in 17-12-1991 |
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Constitution celebrated in 17-12-1991 published on Diário
da República number 35 of 11-02-1992 |
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To oblige the company it is necessary 1 signatures |
Changes to Society
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|
In 03-12-2009 on Portal MJ of 09-12-2009 increase of
capital Clique
para ver detalhes para 500.000 euros |
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In 28-11-2008 on Portal MJ of 02-12-2008 increase of
capital Clique
para ver detalhes para 350.000 euros |
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In 27-12-2005 on Diário da República number 114 of
14-01-2003 increase of capital Clique
para ver detalhes de 125.000 euros para 175.000 euros |
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In 02-08-2000 on Diário da República number 226 of
29-09-2000 increase and redenomination of capital Clique para ver detalhes de 15.000.000$00 para 125.000 |
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In 04-11-1999 on Diário da República number 2 of
04-01-2000 increase of capital Clique
para ver detalhes para 15.000.000$00. |
Capital
|
The Capital is 500.000,00
with the following distribution
|
VORKAUF SA |
17.500,00 |
3,5% |
|
IBERACERO IBERICA |
17.500,00 |
3,5% |
|
IBERACERO |
35.000,00 |
7% |
|
KARL AUGUST VORKAUF |
430.000,00 |
86% |
Biographies
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Name |
KARL AUGUST VORKAUF |
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Funtion |
Managing-Partner |
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Address |
Virrey Loreto, 1935, Capital Federal - |
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Locality |
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Civil State |
Married |
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Consort |
Ingrid Vorkauf |
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Professional Connections |
The subject has connections with the following company
(ies) |
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KAAVO-IMOBILIARIA LDA as Managing-Partner with a
participation of 9.900,00 , in a capital of 10.000,00 . |
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JAPANTEC-COMERCIO |
Shareholders / Partners
Companies
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NAME |
VORKAUF SA |
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Funtion |
Partner |
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Address |
Cl Comandante Franco, 3 a 5-28016 |
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Locality |
Espanha |
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NAME |
IBERACERO IBERICA |
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Funtion |
Partner |
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Address |
Ribera de Elorrieta, 5 Bilbao-48-Vizcaya |
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Locality |
Espanha |
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NAME |
IBERACERO |
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Funtion |
Partner |
|
Address |
Zona Industrial da Maia I-Rua Outeiro, Sector 1, lote 45 |
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Locality |
Gemunde |
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Telephone |
229479020 |
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Fax |
229479029 |
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E-Mail |
geral@iberacero.com |
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C.A.E. |
46690- Wholesale
of other machinery and equipment |
Activities
|
|
Line of Business |
Percentage |
|
Marketing of products and equipment for metallurgy and metalworking |
100% |
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Type of Clients |
Retailers/Wholesalers/Private Companies |
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Sales Conditions |
Cash/credit |
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Sales Area |
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Country |
100% |
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Imports from |
ALEMANHA |
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Trade Marks
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Mastersolid |
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Tokai |
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BKT |
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Iberacero |
Employees
|
|
Total |
7 |
Head Office and Installations
|
|
Head office and installations Zona Industrial da Maia
I-Rua Outeiro, Sector 1, lote 45, Gemunde, 4475-132, GEMUNDE, Tel:229479020,
Fax:22947929 |
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Incidents |
Legal Actions
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||
|
Date: 03-10-2007 |
Judicial District Gondomar |
2 Court |
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Amount: 445,77 Euro |
Type: Executiva Comum |
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Author: |
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Process: 3714/07.0TBGDM |
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Business Concept
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Consulted sources say that, due to the fact that the
subject is connected to companies with financial difficulties, the use of
caution in credit connections is recommended. |
Participations
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The subject participates on the following company(ies) |
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NAME |
IBERACERO |
|
Address |
Zona Industrial da Maia I-Rua Outeiro, Sector 1, lote 45 |
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Locality |
Gemunde |
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Telephone |
229479020 |
|
Fax |
229479029 |
|
E-Mail |
geral@iberacero.com |
|
Web Site |
www.iberacero.com |
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C.A.E. |
46690- Wholesale of other machinery and equipment |
|
Capital |
500.000,00 |
|
Participation |
7% |
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|
|
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NAME |
KAAVO-IMOBILIARIA LDA |
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Address |
LUGAR DO OUTEIRO LT 45-GEMUNDE |
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Locality |
MAIA |
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C.A.E. |
68100- Buying and selling of real estate |
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Capital |
10.000,00 |
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Participation |
1% |
Financial Elements
|
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|
31-12-2009 |
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Tangible Assets |
34.458,00 |
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Investments |
480,00 |
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Stocks |
441.290,00 |
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Short Term Receivable |
1.125.942,00 |
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Banks and Cash |
2.992,00 |
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Total Assets |
1.605.162,00 |
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Shareholder's Funds |
729.871,00 |
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Medium and Long Term Payable |
14.583,00 |
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Short Term Payable |
860.709,00 |
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Total Liabilities and Shareholder's Funds |
1.605.163,00 |
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Cost of Goods and Consumable Materials |
1.975.506,00 |
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Outside Supplies and Services |
198.659,00 |
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Personnel Costs |
231.620,00 |
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Sales |
2.488.427,00 |
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Comparatives
|
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|
31-12-2007 |
31-12-2008 |
31-12-2009 |
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Net Sales |
2.265.400,00 |
2.570.320,00 |
2.488.427,00 |
|
Net Income For the Year |
60.804,00 |
(56.028,00) |
3.239,00 |
|
Current Assets |
1.430.296,00 |
1.247.668,00 |
1.570.224,00 |
|
Short Term Payables |
964.979,00 |
836.158,00 |
860.709,00 |
|
Cash Flow |
465.317,00 |
411.510,00 |
709.515,00 |
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Total Assets |
1.641.960,00 |
1.504.790,00 |
1.605.162,00 |
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Total Liabilities |
1.040.401,00 |
928.158,00 |
875.292,00 |
|
Shareholders Funds |
601.559,00 |
576.632,00 |
729.871,00 |
|
Personnel Costs |
151.434,00 |
209.181,00 |
231.620,00 |
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 |
1,48 |
1,49 |
1,82 |
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Immediate Liquidity |
1,03 |
1,01 |
1,31 |
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Financial Autonomy |
0,37 |
0,38 |
0,45 |
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Solvency |
0,58 |
0,62 |
0,83 |
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RENTABILITY |
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Sales Rentability |
2,68
% |
(2,18)
% |
0,13
% |
|
Sales Rate Increase |
|
13,46
% |
(3,19)
% |
|
EFFICIÊNCY |
|
|
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Assets Turnover |
1,38 |
1,71 |
1,55 |
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 |
6.547,00 |
6.547,00 |
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Tangible Assets |
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Subtotal |
145.886,00 |
111.428,00 |
34.458,00 |
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Financial Investments |
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Subtotal |
480,00 |
|
480,00 |
|
Stocks |
|
Subtotal |
441.290,00 |
|
441.290,00 |
|
Short Term Receivable |
|
Subtotal |
1.132.804,00 |
6.862,00 |
1.125.942,00 |
|
Bank Deposits and
Cash |
|
Cash |
772,00 |
|
772,00 |
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Bank Deposites |
2.220,00 |
|
2.220,00 |
|
Subtotal |
2.992,00 |
|
2.992,00 |
|
|
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Total Assets |
1.729.999,00 |
124.837,00 |
1.605.162,00 |
|
Shareholders Funds and
Liabilities |
|
Shareholders Funds |
|
Capital |
500.000,00 |
|
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Treasury Stock: |
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Nominal Value |
(35.000,00) |
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Other Sup. |
101.000,00 |
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Reserves : |
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Free |
160.632,00 |
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Net Income For the Year |
3.239,00 |
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Total |
729.871,00 |
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Short Term Payable |
|
Bank Loans |
387.429,00 |
|
|
Supliers Fixed Asset |
10.754,00 |
|
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State and Other Public Bodies |
54.132,00 |
|
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Trade Creditors |
408.394,00 |
|
|
Subtotal |
860.709,00 |
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Medium and Long Term Payable |
|
Bank Loans |
14.583,00 |
|
|
Subtotal |
14.583,00 |
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TOTAL LIABILITIES |
875.292,00 |
|
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TOTAL LIABILITIES AND SHAREHOLDERS FUNDS |
1.605.163,00 |
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Income Statement |
|
Costs and Losses |
|
Cost of Materials Consumed and Goods Sold: |
|
|
|
Subtotal |
1.975.506,00 |
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Outside Supplies and Services |
198.659,00 |
|
|
Personnel Costs |
|
|
|
Subtotal |
231.620,00 |
|
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Depreciation |
11.603,00 |
|
|
Provisions |
6.862,00 |
|
|
Subtotal |
18.465,00 |
|
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Other Operating Costs |
560,00 |
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Int. and Similar Costs: |
|
|
|
Subtotal |
76.968,00 |
|
|
Ext. Costs and Losses |
14.955,00 |
|
|
Taxation Over Income |
4.097,00 |
|
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Net Income For the Year |
3.239,00 |
|
|
Income and Profits |
|
Sales of : |
|
|
|
Products |
2.462.923,00 |
|
|
Services Provided |
25.504,00 |
|
|
Subtotal |
2.488.427,00 |
|
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Other Operating Income and Gains |
28.459,00 |
|
|
Subtotal |
28.459,00 |
|
|
Trading Securities Income |
|
|
|
Int. and Similar Costs |
|
|
|
Other |
649,00 |
|
|
Extra Income and Gains |
6.535,00 |
|
|
Net Income For the Year |
3.239,00 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.05 |
|
|
1 |
Rs.75.19 |
|
Euro |
1 |
Rs.66.47 |
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.