MIRA
INFORM REPORT
|
Report Date : |
05.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
DOMINGOS DE SOUSA & FILHOS SA |
|
|
|
|
Registered Office : |
Rua Igreja Nova, (Lugar da Casa Nova) 632 - Apartado 502 Gandarela Guimaraes Braga |
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|
|
|
Country : |
Portugal |
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|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
31.12.1976 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Industry of cotton spinning and weaving and dyeing of cloth
and clothing |
|
|
|
|
No. of Employees : |
164 |
RATING & COMMENTS
|
MIRAs Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
Euros 49.880,00 |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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 September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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 |
DOMINGOS DE SOUSA & FILHOS SA |
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|||
|
V.A.T. Number / NIF |
500641269 |
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|
Address |
Rua Igreja Nova, (Lugar da Casa Nova) 632 - Apartado 502 |
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||
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Locality |
GANDARELA |
Postal Code |
4835-586-GANDARELA |
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Municipality |
GUIMARAES |
District |
BRAGA |
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Telephone |
253480030, 253561524 |
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Fax |
253584148, 253561525 |
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E-Mail |
dsousa@domingossousa.pt |
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|
Web Site |
www.domingossousa.pt |
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|
C.A.E.(Rev 3) |
13201- Weaving the type of cotton yarn |
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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 |
|
All the amounts
are express in Euros, otherwise you will be advised |
Summary
|
Legal Form |
Joint Stock Company |
|
|
|
Constitution |
31-12-1976 |
V.A.T. Number / NIF |
500641269 |
|
Employees |
164 |
Capital |
2.500.000,00 |
|
Sales in : 31-12-2010 |
13.761.355,69 |
Shareholders Funds in: 31-12-2010 |
7.914.221,53 |
|
Credit |
Recommended |
Credit Limit |
49.880,00 |
|
Condition |
Normal |
Tendency |
Stationary |
|
Financing |
Guaranteed |
Payments |
Good |
|
Actual Condition |
In activity |
|
|
Governing Bodies
|
|
|
|
Board of Director's |
|
|
DOMINGOS DE SOUSA |
Shareholder and Board of Director's Pres. |
|
MANUEL JORGE DA SILVA E SOUSA |
Shareholder and Administrator |
|
MARIA DE FATIMA DA SILVA E SOUSA |
Shareholder and Administrator |
|
|
|
|
Fiscal Board |
|
|
PAULO JOSE SOARES DE ALMEIDA |
Unique Fiscal |
|
JOSE DE JESUS SEQUEIRA |
Fiscal Board Substitute |
|
|
|
|
Chair of General Meeting |
|
|
JOANA MARIA SILVA E SOUSA |
Shareholder and Chair of General Meeting Secretary |
|
ROSA MARIA SILVA E SILVA |
Shareholder and Chair of General Meeting President |
Banks and Financial Institutions
|
BANCO BPI, SA |
Guimarγes |
|
MILLENNIUM BCP |
Guimarγes |
|
BANCO SANTANDER TOTTA SA |
Guimarγes |
|
CAIXA GERAL DE DEPOSITOS, SA |
Guimarγes |
|
BANIF - BANCO INTERNACIONAL DO FUNCHAL, SA |
Guimarγes |
Historical
|
Registed on the Register Record Office of Guimaraes with the Register
Number 500641269 previous number 1192 in 31-12-1976 |
|
Constitution celebrated in 31-12-1976 published on Diαrio da Repϊblica
number 51 of 02-03-1977 |
|
To oblige the company it is necessary 1 signatures |
Changes
to Society
|
In 15-01-2004 on Diαrio da Repϊblica number 200 of 25-08-2004 social
change |
|
In 30-12-1991 on Diαrio da Repϊblica number 117 of 21-05-1992 change
in to a joint stock company |
|
on Diαrio da Repϊblica number 253 of 03-11-1987 social change |
|
on Diαrio da Repϊblica number 20 of 24-01-1989 social change |
|
on Diαrio da Repϊblica number 205 of 05-09-1995 social change |
Capital
|
The Capital is 2.500.000,00 , divided in 500000 shares , with a
nominal value of 5,00 |
|
|
with the following shareholders |
|
ISABEL MARIA SILVA SOUSA |
412.500,00 |
16,5% |
|
DOMINGOS FERNANDO SILVA SOUSA |
412.500,00 |
16,5% |
|
JOANA MARIA SILVA E SOUSA |
412.500,00 |
16,5% |
|
DOMINGOS DE SOUSA |
25.000,00 |
1% |
|
MANUEL JORGE DA SILVA E SOUSA |
412.500,00 |
16,5% |
|
MARIA DE FATIMA DA SILVA E SOUSA |
412.500,00 |
16,5% |
|
ROSA MARIA SILVA E SILVA |
412.500,00 |
16,5% |
Insurance
|
Company |
|
Impιrio Bonanηa Companhia de Seguros SA |
|
Assicurazione Generalli SPA |
|
REAL Companhia de Seguros SA |
Activities
|
Line of Business |
Percentage |
|
Industry of cotton spinning and weaving and dyeing of cloth
and clothing |
100% |
|
|
|
Type of Clients |
Retailers/Wholesalers/Private Companies |
|
|
|
Sales Conditions |
Cash/credit |
|
|
|
Exports to |
ALEMANHA,AUSTRIA,ESPANHA,FINLANDIA,REINO UNIDO,SUIΗA |
|
|
Employees
|
Total |
164 |
|
|
|
|
|
|
Head Office and Installations
|
Head office and factory Rua Igreja Nova, (Lugar da Casa Nova) 632 -
Apartado 502, GANDARELA, 4835-586, GANDARELA, Tel:253480030, Fax:253584148 |
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 Demonstration SNC
|
Balance Sheet SNC |
||
|
CoinEURO |
|
Date31-12-2010 |
|
|
||
|
Closing Date |
31-12-2010 |
31-12-2009 |
-- |
Variaηγo (%) |
|
|
|
|||
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ASSET |
|
|||
|
|
|
|
|
|
|
Non-current assets |
|
|||
|
Tangible fixed assets |
5.642.368,29 |
6.071.438,67 |
|
(7,07) |
|
Investment properties |
115.091,71 |
127.326,61 |
|
(9,61) |
|
Financial participations - other methods |
76.798,15 |
83.518,15 |
|
(8,05) |
|
Deferred tax assets |
4.466,50 |
5.583,12 |
|
(20,00) |
|
Total |
5.838.724,65 |
6.287.866,55 |
|
(7,14) |
|
|
|
|
|
|
|
Current assets |
|
|
||
|
Inventories |
4.510.517,27 |
3.430.678,46 |
|
31,48 |
|
Costumers |
3.666.117,77 |
2.985.847,09 |
|
22,78 |
|
State and other public entities |
387.243,90 |
185.149,72 |
|
109,15 |
|
Other accounts receivable |
31.769,13 |
73.798,18 |
|
(56,95) |
|
Deferrals |
64.399,95 |
44.477,36 |
|
44,79 |
|
Financial assets held for trading |
13.510,68 |
|
|
|
|
Cashier and bank deposits |
2.698.868,63 |
1.841.381,24 |
|
46,57 |
|
Total |
11.372.427,33 |
8.561.332,05 |
|
32,83 |
|
TOTAL ASSET |
17.211.151,98 |
14.849.198,60 |
|
15,91 |
|
|
|
|
|
|
|
SHAREHOLDERS FUNDS AND LIABILITIES |
|
|
||
|
|
|
|
|
|
|
SHAREHOLDERS FUNDS |
|
|
||
|
Capital |
2.500.000,00 |
2.500.000,00 |
|
|
|
Other shareholders funds instruments |
200.000,00 |
200.000,00 |
|
|
|
Legal reserves |
1.198.654,47 |
1.136.674,78 |
|
5,45 |
|
Other reserves |
8.835,22 |
8.835,22 |
|
|
|
Net retained |
1.515.348,80 |
1.516.465,42 |
|
(0,07) |
|
Revaluation surplus |
2.004.252,29 |
2.004.252,29 |
|
|
|
Other shareholders funds changes |
359.589,26 |
376.235,22 |
|
(4,42) |
|
Total |
7.786.680,04 |
7.742.462,93 |
|
0,57 |
|
Net income for the period |
127.541,49 |
71.979,69 |
|
77,19 |
|
TOTAL OF SHAREHOLDERS FUNDS |
7.914.221,53 |
7.814.442,62 |
|
1,28 |
|
|
|
|
|
|
|
LIABILITY |
|
|
||
|
|
|
|
|
|
|
Non-current liiabilities |
|
|
||
|
Financing obtained |
3.656.254,18 |
2.725.014,01 |
|
34,17 |
|
Diferred taxes liabilities |
25.100,87 |
30.538,24 |
|
(17,81) |
|
Total |
3.681.355,05 |
2.755.552,25 |
|
33,60 |
|
|
|
|
|
|
|
Current liabilities |
|
|
||
|
Suppliers |
2.080.331,40 |
970.872,66 |
|
114,27 |
|
Advances from costumers |
33.952,40 |
3.000,00 |
|
1.031,75 |
|
State and other public entities |
121.263,09 |
110.643,61 |
|
9,60 |
|
Financing obtained |
2.608.540,63 |
2.619.310,36 |
|
(0,41) |
|
Other payable accounts |
771.487,88 |
575.377,10 |
|
34,08 |
|
Total |
5.615.575,40 |
4.279.203,73 |
|
31,23 |
|
TOTAL LIABILITIES |
9.296.930,45 |
7.034.755,98 |
|
32,16 |
|
TOTAL SHAREHOLDERS FUNDS AND LIABILITIES |
17.211.151,98 |
14.849.198,60 |
|
15,91 |
|
|
|
|
|
|
|
INCOME STATEMENT |
|
|
||
|
|
|
|
|
|
|
INCOME AND EXPENSES |
|
|
||
|
Sales and services |
13.761.355,69 |
9.812.035,01 |
|
40,25 |
|
Operating government grants |
11.112,64 |
22.389,83 |
|
(50,37) |
|
Variation in production inventories |
(300.671,96) |
350.909,20 |
|
(185,68) |
|
Work for the entity itself |
|
45.013,59 |
|
|
|
Cost of goods sold and materials consumed |
7.368.665,07 |
4.649.843,65 |
|
58,47 |
|
Suppliers and external services |
2.737.891,31 |
2.229.134,18 |
|
22,82 |
|
Personnel costs |
2.309.540,60 |
2.347.395,30 |
|
(1,61) |
|
Impairment of receivables (losses/revearsals) |
9.984,12 |
|
|
|
|
Impairment of investments not depreciable/amortizable
(losses/reversals) |
14.220,00 |
|
|
|
|
Increases/decreases in fair value |
34.260,26 |
|
|
|
|
Other income and gains |
179.796,39 |
111.573,81 |
|
61,15 |
|
Other expenses and losses |
156.294,70 |
65.049,22 |
|
140,27 |
|
Result before depreciation, financing costs and taxes |
1.089.257,22 |
1.050.499,09 |
|
3,69 |
|
Expenses/reversals of depreciation and amortization |
804.049,52 |
841.498,98 |
|
(4,45) |
|
Operating result (before financing costs and taxes) |
285.207,70 |
209.000,11 |
|
36,46 |
|
Interest and similar income obtained |
26.081,42 |
109.911,23 |
|
(76,27) |
|
interest and similar expenses incurred |
161.258,07 |
231.525,57 |
|
(30,35) |
|
Net before taxes |
150.031,05 |
87.385,77 |
|
71,69 |
|
Income tax of the period |
22.489,56 |
15.406,08 |
|
45,98 |
|
Net profit for the period |
127.541,49 |
71.979,69 |
|
77,19 |
Financial Elements
|
|
31-12-2009 |
|
|
Intangible Assets |
26.963,00 |
|
|
Tangible Assets |
4.318.264,00 |
|
|
Investments |
408.297,00 |
|
|
Stocks |
3.430.678,00 |
|
|
Short Term Receivable |
3.234.128,00 |
|
|
Banks and Cash |
1.841.381,00 |
|
|
Accruals and Deferrals |
73.023,00 |
|
|
Total Assets |
13.332.734,00 |
|
|
Shareholder's Funds |
6.202.025,00 |
|
|
Medium and Long Term Payable |
4.904.590,00 |
|
|
Short Term Payable |
1.684.756,00 |
|
|
Accruals and Deferrals |
541.364,00 |
|
|
Total Liabilities and Shareholder's Funds |
13.332.735,00 |
|
|
Cost of Goods and Consumable Materials |
4.649.844,00 |
|
|
Outside Supplies and Services |
2.217.561,00 |
|
|
Personnel Costs |
2.347.395,00 |
|
|
Sales |
9.812.035,00 |
|
|
Supplementary Income |
39.537,00 |
|
Comparatives POC
|
|
31-12-2007 |
31-12-2008 |
31-12-2009 |
|
Net Sales |
11.633.372,00 |
10.693.009,00 |
9.812.035,00 |
|
Net Income For the Year |
21.890,00 |
36.623,00 |
71.980,00 |
|
Current Assets |
7.066.759,00 |
7.353.400,00 |
8.579.210,00 |
|
Short Term Payables |
1.568.590,00 |
1.497.603,00 |
1.684.756,00 |
|
Cash Flow |
5.498.169,00 |
5.855.797,00 |
6.894.454,00 |
|
Total Assets |
12.133.286,00 |
12.270.037,00 |
13.332.734,00 |
|
Total Liabilities |
6.019.864,00 |
6.129.992,00 |
7.130.710,00 |
|
Shareholders Funds |
6.113.422,00 |
6.140.045,00 |
6.202.025,00 |
|
Personnel Costs |
2.451.518,00 |
2.443.070,00 |
2.347.395,00 |
Ratios POC
|
|
31-12-2007 |
31-12-2008 |
31-12-2009 |
|
FINANCIAL SITUATION |
|
|
|
|
General Liquidity |
4,51 |
4,91 |
5,09 |
|
Immediate Liquidity |
2,97 |
2,81 |
3,06 |
|
Financial Autonomy |
0,50 |
0,50 |
0,47 |
|
Solvency |
1,02 |
1,00 |
0,87 |
|
RENTABILITY |
|
|
|
|
Sales Rentability |
0,19 % |
0,34 % |
0,73 % |
|
Sales Rate Increase |
|
(8,08) % |
(8,24) % |
|
EFFICIΚNCY |
|
|
|
|
Assets Turnover |
0,96 |
0,87 |
0,74 |
Balance Sheet and Income Statement
|
Balance Sheet |
||
|
CoinEURO |
|
Date31-12-2009 |
|
|
||
|
|
Gross Assets |
Depreciations /
Provisions |
Net Assets |
|
Intangible Assets |
|
Subtotal |
96.002,00 |
69.039,00 |
26.963,00 |
|
Tangible Assets |
|
Subtotal |
27.628.386,00 |
23.310.122,00 |
4.318.264,00 |
|
Financial Investments |
|
Subtotal |
583.925,00 |
175.628,00 |
408.297,00 |
|
Stocks |
|
Subtotal |
3.430.678,00 |
|
3.430.678,00 |
|
Short Term Receivable |
|
Subtotal |
3.348.244,00 |
114.116,00 |
3.234.128,00 |
|
Bank Deposits and Cash |
|
Cash |
8.065,00 |
|
8.065,00 |
|
Bank Deposites |
1.833.316,00 |
|
1.833.316,00 |
|
Subtotal |
1.841.381,00 |
|
1.841.381,00 |
|
Accruals and Deferrals |
|
Accrued Income |
28.546,00 |
|
28.546,00 |
|
Deferred Cost |
44.477,00 |
|
44.477,00 |
|
Subtotal |
73.023,00 |
|
73.023,00 |
|
|
|
Total Assets |
37.001.639,00 |
23.668.905,00 |
13.332.734,00 |
|
Shareholders Funds and Liabilities |
|
Shareholders Funds |
|
Capital |
2.500.000,00 |
|
|
Treasury Stock: |
|
|
|
Other Sup. |
200.000,00 |
|
|
Reserves : |
|
|
|
Legal |
2.004.252,00 |
|
|
Free |
1.425.793,00 |
|
|
Net Income For the Year |
71.980,00 |
|
|
Total |
6.202.025,00 |
|
|
Short Term Payable |
|
Bank Loans |
350.293,00 |
|
|
Supliers Fixed Asset |
32.374,00 |
|
|
State and Other Public Bodies |
200.085,00 |
|
|
Other Creditors |
163.506,00 |
|
|
Trade Creditors |
934.695,00 |
|
|
Trade Notes Payable |
3.803,00 |
|
|
Subtotal |
1.684.756,00 |
|
|
Medium and Long Term Payable |
|
Bank Loans |
4.145.013,00 |
|
|
State and Other Public Bodies |
759.577,00 |
|
|
Subtotal |
4.904.590,00 |
|
|
Accruals and Deferrals |
|
Accrued Charges |
414.873,00 |
|
|
Diferred Income |
126.491,00 |
|
|
Subtotal |
541.364,00 |
|
|
TOTAL LIABILITIES |
7.130.710,00 |
|
|
TOTAL LIABILITIES AND SHAREHOLDERS FUNDS |
13.332.735,00 |
|
|
Income Statement |
|
Costs and Losses |
|
Cost of Materials Consumed and Goods Sold: |
|
|
|
Subtotal |
4.649.844,00 |
|
|
Outside Supplies and Services |
2.217.561,00 |
|
|
Personnel Costs |
|
|
|
Subtotal |
2.347.395,00 |
|
|
Depreciation |
841.499,00 |
|
|
Subtotal |
841.499,00 |
|
|
Other Operating Costs |
60.148,00 |
|
|
Int. and Similar Costs: |
|
|
|
Subtotal |
219.938,00 |
|
|
Ext. Costs and Losses |
28.062,00 |
|
|
Taxation Over Income |
15.406,00 |
|
|
Net Income For the Year |
71.980,00 |
|
|
Income and Profits |
|
Sales of : |
|
|
|
Products |
9.607.322,00 |
|
|
Services Provided |
204.713,00 |
|
|
Subtotal |
9.812.035,00 |
|
|
Variation in Production |
350.909,00 |
|
|
Own Works |
45.014,00 |
|
|
Supplementary Income |
39.537,00 |
|
|
Other Operating Income and Gains |
22.390,00 |
|
|
Subtotal |
106.941,00 |
|
|
Trading Securities Income |
|
|
|
Int. and Similar Costs |
|
|
|
Other |
109.911,00 |
|
|
Extra Income and Gains |
72.037,00 |
|
|
Net Income For the Year |
71.980,00 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.35 |
|
|
1 |
Rs.80.50 |
|
Euro |
1 |
Rs.69.14 |
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 SCs 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.