MIRA
INFORM REPORT
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Report Date : |
06.12.2011 |
IDENTIFICATION DETAILS
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Name : |
COELIMA-INDUSTRIAS TEXTEIS SA |
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Registered Office : |
Rua Trabalhador Têxtil, 436 Pevidem(Selho Sao Jorge) 4800-Guimaraes Braga |
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Country : |
Portugal |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
22.12.1954 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture of made-up textile articles, except apparel |
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No. of Employees : |
886 |
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 : |
Slow |
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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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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
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Name |
COELIMA-INDUSTRIAS TEXTEIS SA |
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V.A.T. Number / NIF |
500268886 |
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Address |
Rua Trabalhador Têxtil, 436 |
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Locality |
Pevidem(Selho Sao Jorge) |
Postal Code |
4800-GUIMARAES |
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Municipality |
GUIMARAES |
District |
BRAGA |
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Telephone |
253539100, 253539139 |
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Fax |
253531576 |
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E-Mail |
depcomercial@coelima-pt |
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Web Site |
www.coelima.pt |
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C.A.E.(Rev 3) |
13920- Manufacture of made-up textile articles, except apparel |
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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
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Legal Form |
Joint Stock Company |
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Constitution |
22-12-1954 |
V.A.T. Number / NIF |
500268886 |
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Employees |
886 |
Capital |
3.000.000,00 |
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Sales in : 31-12-2010 |
28.855.847,52 |
Shareholders Funds in: 31-12-2010 |
(15.873.435,08) |
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Credit |
Caution |
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Condition |
Unstable |
Tendency |
Stationary |
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Financing |
Not Guaranteed |
Payments |
Slow |
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Rating |
DD4 |
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Actual Condition |
In activity |
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NOTE:
For
the mentioned company we advise caution, as such we do not assign a credit limit.
Governing Bodies
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Board of Director's |
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GONCALO ALEXANDRE GUERREIRO BATALHA |
Administrator |
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DIOGO BARBOSA CHALBERT SANTOS |
Board of Director's President |
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Fiscal Board |
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KPMG & ASSOCIADOS-SOCIEDADE DE REVISORES OFICIAIS DE CONTAS SA |
Unique Fiscal |
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MARIA CRISTINA SANTOS FERREIRA |
Fiscal Board Substitute |
Banks and Financial Institutions
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MILLENNIUM BCP |
C.Empresas Guimaraes |
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CAIXA GERAL DE DEPOSITOS, SA |
Pevidém |
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BANCO ESPIRITO SANTO, SA |
Guimarães |
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BANCO BPI, SA |
Guimarães |
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BANCO SANTANDER TOTTA SA |
Pevidém |
Historical
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Registed on the Register Record Office of Guimaraes with the Register
Number 500268886 previous number 373 in 10-11-1996 |
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Constitution celebrated in 22-12-1954 published on Diário da República
of 10-01-1955 |
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To oblige the company it is necessary 2 signature |
Changes to Society
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In 08-07-2009 on Portal MJ of 09-12-2010 reduction of capital Clique
para ver detalhes
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In 24-10-2008 on Portal MJ of 22-04-2009 board of director's change |
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In 01-09-2008 on Portal MJ of 30-10-2008 reduction of capital |
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In 22-09-2006 on Portal MJ of 19-10-2006 board of director's change |
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In 29-06-2005 on Diário da República number 147 of 02-08-2005 merge
project |
Capital
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The Capital is 3.000.000,00 , divided in 750000 shares , with a
nominal value of 4,00 |
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with the following shareholders |
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FRME-FUNDO PARA A REVITALIZACAO E MODERNIZACAO DO TECIDO EMPRESARIAL
SGPS SA |
3.000.000,00 |
100% |
Shareholders / Partners Companies
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NAME |
FRME-FUNDO PARA A REVITALIZACAO E MODERNIZACAO DO TECIDO EMPRESARIAL
SGPS SA |
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Funtion |
Shareholder |
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Address |
Rua Rodrigo da Fonseca, 73 |
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Locality |
LISBOA |
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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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Axa Companhia de Seguros SA |
|
Companhia de Seguros Fidelidade Mundial |
Activities
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Line of Business |
Percentage |
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Indústria Têxtil |
100% |
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Type of Clients |
Retailers/Wholesalers |
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Sales Conditions |
Credit 30/60/90/120 days |
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Sales Area |
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Country |
20% |
Foreign |
80% |
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Exports |
80% |
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Trade Marks
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Coelima |
Employees
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Total |
886 |
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Head Office and Installations
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Head office, warehouse and factory owned Rua Trabalhador Têxtil, 436,
Pevidem(Selho Sao Jorge), 4800, GUIMARAES, Tel:253539100, Fax:253531576 |
Legal Actions
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Date: 25-05-2011 |
Judicial District Guimarães - Tribunal Judicial |
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Amount: 1.087,47 Euro |
Type: Executiva Comum |
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Author: Lirof - Fios Têxteis, S.A. |
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Process: 2167/11.3TBGMR |
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Observations: Juízo de Execução |
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Date: 08-10-2010 |
Judicial District Braga - Tribunal Judicial |
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Amount: 1.469,35 Euro |
Type: Especial Cump.Obrig. Pecuniarias DL 269/98 |
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Author: Torrestir - Transportes Nacionais e Internacionais, S.A. |
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Process: 225530/10.0YIPRT |
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Observations: 4º Juízo Cível |
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Date: 18-02-2010 |
Judicial District Guimarães - Tribunal Judicial |
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Amount: 9.604,13 Euro |
Type: Executiva Comum |
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Author: Castros & Marques, Lda. |
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Process: 638/10.8TBGMR |
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Observations: Juízo de Execução |
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Date: 03-04-2006 |
Judicial District Guimarães |
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Amount: 118.742,25 Euro |
Type: Executiva Comum |
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Author: Gemattex-Textil Veredlungsmaschinen Gmbh |
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Process: 973/04.4TCGMR |
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Business Concept
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Consulted sources say that the subject is struggling with financial
difficulties and has been delaying its payments and commercial commitments,
so the use of caution in credit connections with this company is recommended.
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Participations
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The subject participates on the following company(ies) |
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NAME |
COELIMA IMOBILIARIA SA |
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Address |
R DO MIRAL-SELHO SAO JORGE |
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Locality |
Guimaraes |
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C.A.E. |
68100- Buying and selling of real estate |
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Capital |
50.000,00 |
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Participation |
100% |
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NAME |
DITEL-DISTRIBUIDORA TEXTIL SA |
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Address |
MIRAL-S.JORGE DE SELHO |
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Locality |
Guimaraes |
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Telephone |
253532742 |
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C.A.E. |
13920- Manufacture of made-up textile articles, except apparel |
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Capital |
1.750.000,00 |
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Participation |
100% |
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NAME |
GRAV-CRIACAO E GRAVACAO DE DESENHO TEXTIL LDA |
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Address |
R DO TRABALHADOR TEXTIL 436-SAO JORGE DE SELHO |
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Locality |
Guimaraes |
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Telephone |
253539100 |
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Fax |
253531576 |
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C.A.E. |
18130- Pre-press and media products |
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Capital |
165.002,34 |
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Participation |
99% |
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NAME |
TEXTEIS CUNHA ABREU SA |
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Address |
URBANIZACAO DA QUINTA R TRES 596 |
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Locality |
Guimaraes |
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C.A.E. |
13920- Manufacture of made-up textile articles, except apparel |
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Capital |
67.337,72 |
Financial Demonstration SNC
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Balance Sheet SNC |
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CoinEURO |
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Date31-12-2010 |
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Closing Date |
31-12-2010 |
31-12-2009 |
-- |
Variação (%) |
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ASSET |
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Non-current assets |
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Tangible fixed assets |
48.762.189,72 |
53.454.261,09 |
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(8,78) |
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Goodwill |
5.976.495,11 |
5.976.495,11 |
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Intangible assets |
1.496.085,24 |
2.262.120,25 |
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(33,86) |
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Financial participations - patrimonial equity method |
1.621.134,76 |
2.490.793,14 |
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(34,91) |
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Financial participations - other methods |
15.784,47 |
35.604,19 |
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(55,67) |
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Shareholders/partners |
33.408,47 |
56.859,90 |
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(41,24) |
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Other financial assets |
216.427,10 |
214.738,63 |
|
0,79 |
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Deferred tax assets |
11.953.377,73 |
11.871.798,80 |
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0,69 |
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Total |
70.074.902,60 |
76.362.671,11 |
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(8,23) |
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Current assets |
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Inventories |
14.666.744,00 |
16.684.961,00 |
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(12,10) |
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Costumers |
6.552.250,95 |
10.122.378,05 |
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(35,27) |
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Advances to suppliers |
3.332.425,85 |
3.414.785,64 |
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(2,41) |
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State and other public entities |
2.946.147,26 |
656.611,72 |
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348,69 |
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Other accounts receivable |
11.236.730,99 |
11.936.086,04 |
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(5,86) |
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Deferrals |
525.274,32 |
281.229,49 |
|
86,78 |
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Cashier and bank deposits |
846.609,31 |
76.417,83 |
|
1.007,87 |
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Total |
40.106.182,68 |
43.172.469,77 |
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(7,10) |
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TOTAL ASSET |
110.181.085,28 |
119.535.140,88 |
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(7,83) |
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SHAREHOLDERS FUNDS AND LIABILITIES |
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SHAREHOLDERS FUNDS |
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Capital |
3.000.000,00 |
3.000.000,00 |
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Other shareholders funds instruments |
1.000.000,00 |
1.000.000,00 |
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Net retained |
(31.976.566,72) |
(32.413.095,12) |
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(1,35) |
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Adjustments on financial assets |
(3.478.339,42) |
(3.578.644,89) |
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(2,80) |
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Revaluation surplus |
24.660.219,01 |
26.371.158,06 |
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(6,49) |
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Other shareholders funds changes |
955.570,33 |
1.274.057,62 |
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(25,00) |
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Total |
(5.839.116,80) |
(4.346.524,33) |
|
34,34 |
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Net income for the period |
(10.034.318,28) |
(781.681,07) |
|
1.183,68 |
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TOTAL OF SHAREHOLDERS FUNDS |
(15.873.435,08) |
(5.128.205,40) |
|
209,53 |
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LIABILITY |
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Non-current liiabilities |
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Provisions |
749.481,92 |
218.000,00 |
|
243,80 |
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Financing obtained |
49.816.168,82 |
46.911.085,92 |
|
6,19 |
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Diferred taxes liabilities |
8.797.461,45 |
9.430.244,42 |
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(6,71) |
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Other payable accounts |
420.336,67 |
260.339,91 |
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61,46 |
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Total |
59.783.448,86 |
56.819.670,25 |
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5,22 |
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Current liabilities |
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Suppliers |
6.987.621,87 |
10.301.695,52 |
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(32,17) |
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Advances from costumers |
15.034,09 |
16.394,75 |
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(8,30) |
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State and other public entities |
5.684.379,50 |
4.342.642,43 |
|
30,90 |
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Financing obtained |
49.420.795,71 |
47.454.221,99 |
|
4,14 |
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Other payable accounts |
4.090.417,26 |
5.607.492,38 |
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(27,05) |
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Deferrals |
72.823,07 |
121.228,96 |
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(39,93) |
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Total |
66.271.071,50 |
67.843.676,03 |
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(2,32) |
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TOTAL LIABILITIES |
126.054.520,36 |
124.663.346,28 |
|
1,12 |
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TOTAL SHAREHOLDERS FUNDS AND LIABILITIES |
110.181.085,28 |
119.535.140,88 |
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(7,83) |
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INCOME STATEMENT |
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INCOME AND EXPENSES |
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Sales and services |
28.855.847,52 |
27.003.602,60 |
|
6,86 |
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Operating government grants |
|
13.592,65 |
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Gains/losses allocated subsidiaries, associates and joint ventures |
(272.792,56) |
1.000.299,63 |
|
(127,27) |
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Variation in production inventories |
(566.206,00) |
(2.574.647,36) |
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(78,01) |
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Work for the entity itself |
149.549,45 |
174.113,22 |
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(14,11) |
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Cost of goods sold and materials consumed |
14.260.591,55 |
10.989.592,09 |
|
29,76 |
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Suppliers and external services |
7.964.742,22 |
8.014.364,18 |
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(0,62) |
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Personnel costs |
9.102.638,16 |
10.650.622,05 |
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(14,53) |
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Impairment of inventories (losses/revearsals) |
760.000,00 |
550.000,00 |
|
38,18 |
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Impairment of receivables (losses/revearsals) |
1.228.953,14 |
(125.583,38) |
|
(1.078,60) |
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Provisions (increases/reductions) |
(218.000,00) |
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Impairment of investments not depreciable/amortizable
(losses/reversals) |
(5.120,17) |
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Other income and gains |
1.605.118,74 |
12.008.106,34 |
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(86,63) |
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Other expenses and losses |
2.895.724,06 |
2.564.282,43 |
|
12,93 |
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Result before depreciation, financing costs and taxes |
(6.218.011,81) |
4.981.789,71 |
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(224,81) |
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Expenses/reversals of depreciation and amortization |
3.201.484,22 |
3.187.228,52 |
|
0,45 |
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Impairment of investments depreciable/amortizable (losses/reversals) |
(31.777,92) |
106.442,92 |
|
(129,85) |
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Operating result (before financing costs and taxes) |
(9.387.718,11) |
1.688.118,27 |
|
(656,11) |
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Interest and similar income obtained |
|
165.522,33 |
|
|
|
interest and similar expenses incurred |
1.293.254,46 |
2.841.340,02 |
|
(54,48) |
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Net before taxes |
(10.680.972,57) |
(987.699,42) |
|
981,40 |
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Income tax of the period |
(646.654,29) |
(206.018,35) |
|
213,88 |
|
Net profit for the period |
(10.034.318,28) |
(781.681,07) |
|
1.183,68 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.39 |
|
|
1 |
Rs.80.50 |
|
Euro |
1 |
Rs.68.92 |
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.