MIRA
INFORM REPORT
|
Report Date : |
14.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
ORCAMA-TEXTEIS E IMOVEIS SA |
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Registered Office : |
Rua da Vinha Velha, 739, Lugar Ferreiros Ronfe Guimaraes |
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Country : |
Portugal |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
06.08.1981 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Agents specializing in the sale of other products |
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No. of Employees : |
4 |
RATING & COMMENTS
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MIRAs Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
Euros 49.880,00 |
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Status : |
Satisfactory |
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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 September 30, 2011
|
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
|
Name |
ORCAMA-TEXTEIS E IMOVEIS SA |
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V.A.T. Number / NIF |
501207686 |
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Address |
Rua da Vinha Velha, 739, Lugar Ferreiros |
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Locality |
RONFE |
Postal Code |
4805-445-RONFE |
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Municipality |
GUIMARAES |
District |
BRAGA |
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Telephone |
253545016 |
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C.A.E.(Rev 3) |
46180- Agents specializing in the sale of other products |
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All the amounts
are express in Euros, otherwise you will be advised |
Summary
|
Legal Form |
Joint Stock Company |
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|
|
Constitution |
06-08-1981 |
V.A.T. Number / NIF |
501207686 |
|
Employees |
4 |
Capital |
250.002,49 |
|
Sales in : 31-12-2010 |
2.049.840,17 |
Shareholders Funds in: 31-12-2010 |
4.681.321,85 |
|
Credit |
Recommended |
Credit Limit |
49.880,00 |
|
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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JOSE FARIA DA SILVA |
Shareholder and Unique Administrator |
Banks and Financial Institutions
|
MILLENNIUM BCP |
Centro de Empresas de Guimarγes |
Historical
|
Registed on the Register Record Office of Guimaraes with the Register
Number 501207686 previous number 4949 in 06-08-1981 |
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Constitution celebrated in 06-08-1981 published on Diαrio da Repϊblica
of 18-09-1981 |
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To oblige the company it is necessary 1 signatures |
Changes to Society
|
In 27-05-2005 on Diαrio da Repϊblica number 164 of 26-08-2005 board of
director's change |
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In 29-01-2002 on Diαrio da Repϊblica number 110 of 13-05-2002 board of
director's change |
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In 25-09-2000 on Diαrio da Repϊblica number 256 of 06-11-2000 increase
of capital Clique
para ver detalhes
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In 25-09-1997 on Diαrio da Repϊblica number 18 of 22-01-1998 social
change |
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denomination change Clique
para ver detalhes
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Capital
|
The Capital is 250.002,49 , divided in 50000 shares , with a nominal
value of 5,00 |
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|
with the following shareholders |
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JOSE FARIA DA SILVA |
110.000,00 |
44% |
Insurance
|
Company |
|
Companhia de Seguros Fidelidade Mundial |
Activities
|
Line of Business |
Percentage |
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Fabrico de tκxteis lar e vestuαrio, compra e venda de bens imσveis |
100% |
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Type of Clients |
Private Companies/Public |
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Sales Conditions |
Cash/credit |
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Exports to |
ESPANHA,FRANΗA,ITALIA |
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Employees
|
Total |
4 |
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Head Office and Installations
|
Head office, warehouse and factory owned Rua da Vinha Velha, 739,
Lugar Ferreiros, RONFE, 4805-445, RONFE, Tel:252820185, Fax:252820197 |
Legal Actions
|
Date: 17-10-2011 |
Judicial District Guimarγes - Tribunal Judicial |
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Amount: 8.622,31 Euro |
Type: Executiva Comum |
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Author: Banco Espνrito Santo |
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Process: 3817/11.7TBGMR |
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Observations: Juνzo de Execuηγo |
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Date: 25-09-2009 |
Judicial District Lousada - Tribunal Judicial |
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Amount: 494,46 Euro |
Type: Especial Cump.Obrig. Pecuniarias DL 269/98 |
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Author: Textil Fremou Lda |
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Process: 214830/09.1YIPRT |
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Observations: 1Ί Juνzo |
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Date: 18-02-2009 |
Judicial District Guimarγes |
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Amount: 19.776,01 Euro |
Type: Executiva Comum |
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Author: Manuel Monteiro Ribeiro |
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Process: 718/09.2TBGMR |
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Date: 07-01-2009 |
Judicial District Guimarγes |
1 Court |
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Amount: 251,19 Euro |
Type: Especial Cump.Obrig. Pecuniarias DL 269/98 |
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Author: PT - Comunicaηυes S.A. |
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Process: 292170/08.9YIPRT |
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Date: 31-07-2008 |
Judicial District Guimarγes |
2 Court |
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Amount: 2.627,40 Euro |
Type: Especial Cump.Obrig. Pecuniarias DL 269/98 |
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Author: J. Carneiro Salgado & Ca. Lda. |
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Process: 52977/08.1YIPRT |
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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 |
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CoinEURO |
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Date31-12-2010 |
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Closing Date |
31-12-2010 |
31-12-2009 |
-- |
Variaηγo (%) |
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ASSET |
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Non-current assets |
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|||
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Tangible fixed assets |
2.672.651,95 |
1.903.659,43 |
|
40,40 |
|
Financial participations - other methods |
699.330,34 |
699.030,34 |
|
0,04 |
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Other financial assets |
100.000,00 |
100.000,00 |
|
|
|
Total |
3.471.982,29 |
2.702.689,77 |
|
28,46 |
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|
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Current assets |
|
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Inventories |
2.869.751,60 |
3.614.813,86 |
|
(20,61) |
|
Costumers |
2.541.369,24 |
2.345.854,76 |
|
8,33 |
|
State and other public entities |
14.731,28 |
158.177,50 |
|
(90,69) |
|
Shareholders/partners |
|
97.018,20 |
|
|
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Other accounts receivable |
334.671,11 |
106.715,82 |
|
213,61 |
|
Deferrals |
7.608,50 |
2.721,82 |
|
179,54 |
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Cashier and bank deposits |
527.381,78 |
22.620,21 |
|
2.231,46 |
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Total |
6.295.513,51 |
6.347.922,17 |
|
(0,83) |
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TOTAL ASSET |
9.767.495,80 |
9.050.611,94 |
|
7,92 |
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SHAREHOLDERS FUNDS AND LIABILITIES |
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SHAREHOLDERS FUNDS |
|
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||
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Capital |
250.000,00 |
250.000,00 |
|
|
|
Other shareholders funds instruments |
3.315.110,58 |
3.315.110,58 |
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Legal reserves |
56.981,70 |
56.981,70 |
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Other reserves |
765.872,77 |
603.693,66 |
|
26,86 |
|
Net retained |
3.717,72 |
(10.522,28) |
|
(135,33) |
|
Total |
4.391.682,77 |
4.215.263,66 |
|
4,19 |
|
Net income for the period |
289.639,08 |
176.419,11 |
|
64,18 |
|
TOTAL OF SHAREHOLDERS FUNDS |
4.681.321,85 |
4.391.682,77 |
|
6,60 |
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LIABILITY |
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Non-current liiabilities |
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Financing obtained |
1.462.945,34 |
1.606.603,24 |
|
(8,94) |
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Total |
1.462.945,34 |
1.606.603,24 |
|
(8,94) |
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Current liabilities |
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Suppliers |
455.521,15 |
159.380,18 |
|
185,81 |
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State and other public entities |
7.773,94 |
10.700,78 |
|
(27,35) |
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Financing obtained |
2.296.530,84 |
2.195.483,50 |
|
4,60 |
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Other payable accounts |
863.402,68 |
686.761,47 |
|
25,72 |
|
Total |
3.623.228,61 |
3.052.325,93 |
|
18,70 |
|
TOTAL LIABILITIES |
5.086.173,95 |
4.658.929,17 |
|
9,17 |
|
TOTAL SHAREHOLDERS FUNDS AND LIABILITIES |
9.767.495,80 |
9.050.611,94 |
|
7,92 |
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INCOME STATEMENT |
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INCOME AND EXPENSES |
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|
Sales and services |
2.049.840,17 |
1.803.169,14 |
|
13,68 |
|
Variation in production inventories |
(150.723,00) |
(81.150,41) |
|
85,73 |
|
Cost of goods sold and materials consumed |
532.543,86 |
628.010,36 |
|
(15,20) |
|
Suppliers and external services |
655.730,54 |
799.032,01 |
|
(17,93) |
|
Personnel costs |
20.067,85 |
37.919,89 |
|
(47,08) |
|
Other income and gains |
123.040,62 |
4.169,44 |
|
2.851,01 |
|
Other expenses and losses |
227.643,30 |
14.954,39 |
|
1.422,25 |
|
Result before depreciation, financing costs and taxes |
586.172,24 |
246.271,52 |
|
138,02 |
|
Expenses/reversals of depreciation and amortization |
179.481,01 |
59.596,33 |
|
201,16 |
|
Operating result (before financing costs and taxes) |
406.691,23 |
186.675,19 |
|
117,86 |
|
Interest and similar income obtained |
|
126.073,11 |
|
|
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interest and similar expenses incurred |
110.553,61 |
133.126,60 |
|
(16,96) |
|
Net before taxes |
296.137,62 |
179.621,70 |
|
64,87 |
|
Income tax of the period |
6.498,54 |
3.202,59 |
|
102,92 |
|
Net profit for the period |
289.639,08 |
176.419,11 |
|
64,18 |
Financial Elements
|
|
31-12-2009 |
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|
Tangible Assets |
1.903.660,00 |
|
|
Investments |
799.030,00 |
|
|
Stocks |
3.614.814,00 |
|
|
Short Term Receivable |
2.382.477,00 |
|
|
Banks and Cash |
22.621,00 |
|
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Accruals and Deferrals |
2.722,00 |
|
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Total Assets |
8.725.324,00 |
|
|
Shareholder's Funds |
4.391.683,00 |
|
|
Medium and Long Term Payable |
3.326.636,00 |
|
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Short Term Payable |
1.003.579,00 |
|
|
Accruals and Deferrals |
3.425,00 |
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|
Total Liabilities and Shareholder's Funds |
8.725.323,00 |
|
|
Cost of Goods and Consumable Materials |
628.010,00 |
|
|
Outside Supplies and Services |
799.032,00 |
|
|
Personnel Costs |
37.920,00 |
|
|
Sales |
1.803.170,00 |
|
Comparatives POC
|
|
31-12-2007 |
31-12-2008 |
31-12-2009 |
|
Net Sales |
2.064.113,00 |
1.856.999,00 |
1.803.170,00 |
|
Net Income For the Year |
(1.311.309,00) |
411.280,00 |
176.419,00 |
|
Current Assets |
8.200.102,00 |
5.716.115,00 |
6.022.634,00 |
|
Short Term Payables |
4.862.904,00 |
1.071.260,00 |
1.003.579,00 |
|
Cash Flow |
3.337.198,00 |
4.644.855,00 |
5.019.055,00 |
|
Total Assets |
8.863.974,00 |
6.602.626,00 |
8.725.324,00 |
|
Total Liabilities |
7.105.307,00 |
2.373.122,00 |
4.333.640,00 |
|
Shareholders Funds |
1.758.667,00 |
4.229.504,00 |
4.391.683,00 |
|
Personnel Costs |
20.951,00 |
44.365,00 |
37.920,00 |
Ratios POC
|
|
31-12-2007 |
31-12-2008 |
31-12-2009 |
|
FINANCIAL SITUATION |
|
|
|
|
General Liquidity |
1,69 |
5,34 |
6,00 |
|
Immediate Liquidity |
0,78 |
1,67 |
2,40 |
|
Financial Autonomy |
0,20 |
0,64 |
0,50 |
|
Solvency |
0,25 |
1,78 |
1,01 |
|
RENTABILITY |
|
|
|
|
Sales Rentability |
(63,53) % |
22,15 % |
9,78 % |
|
Sales Rate Increase |
|
(10,03) % |
(2,90) % |
|
EFFICIΚNCY |
|
|
|
|
Assets Turnover |
0,23 |
0,28 |
0,21 |
Balance Sheet and Income
Statement
|
Balance Sheet |
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CoinEURO |
|
Date31-12-2009 |
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||
|
|
Gross Assets |
Depreciations /
Provisions |
Net Assets |
|
Tangible Assets |
|
Subtotal |
2.218.821,00 |
315.161,00 |
1.903.660,00 |
|
Financial Investments |
|
Subtotal |
799.030,00 |
|
799.030,00 |
|
Stocks |
|
Subtotal |
3.614.814,00 |
|
3.614.814,00 |
|
Short Term Receivable |
|
Subtotal |
2.398.809,00 |
16.332,00 |
2.382.477,00 |
|
Bank Deposits and Cash |
|
Cash |
109,00 |
|
109,00 |
|
Bank Deposites |
22.512,00 |
|
22.512,00 |
|
Subtotal |
22.621,00 |
|
22.621,00 |
|
Accruals and Deferrals |
|
Deferred Cost |
2.722,00 |
|
2.722,00 |
|
Subtotal |
2.722,00 |
|
2.722,00 |
|
|
|
Total Assets |
9.056.817,00 |
331.493,00 |
8.725.324,00 |
|
Shareholders Funds and Liabilities |
|
Shareholders Funds |
|
Capital |
250.000,00 |
|
|
Treasury Stock: |
|
|
|
Other Sup. |
3.315.111,00 |
|
|
Reserves : |
|
|
|
Legal |
3.718,00 |
|
|
Free |
660.675,00 |
|
|
Net Retained |
(14.240,00) |
|
|
Net Income For the Year |
176.419,00 |
|
|
Total |
4.391.683,00 |
|
|
Short Term Payable |
|
Supliers Fixed Asset |
278.628,00 |
|
|
State and Other Public Bodies |
10.701,00 |
|
|
Other Creditors |
554.870,00 |
|
|
Trade Creditors |
119.219,00 |
|
|
Trade Notes Payable |
40.161,00 |
|
|
Subtotal |
1.003.579,00 |
|
|
Medium and Long Term Payable |
|
Adv. For Clients |
1.606.603,00 |
|
|
Shareholders |
1.720.033,00 |
|
|
Subtotal |
3.326.636,00 |
|
|
Accruals and Deferrals |
|
Accrued Charges |
3.425,00 |
|
|
Subtotal |
3.425,00 |
|
|
TOTAL LIABILITIES |
4.333.640,00 |
|
|
TOTAL LIABILITIES AND SHAREHOLDERS FUNDS |
8.725.323,00 |
|
|
Income Statement |
|
Costs and Losses |
|
Cost of Materials Consumed and Goods Sold: |
|
|
|
Subtotal |
628.010,00 |
|
|
Outside Supplies and Services |
799.032,00 |
|
|
Personnel Costs |
|
|
|
Subtotal |
37.920,00 |
|
|
Depreciation |
59.596,00 |
|
|
Subtotal |
59.596,00 |
|
|
Other Operating Costs |
9.724,00 |
|
|
Int. and Similar Costs: |
|
|
|
Subtotal |
138.238,00 |
|
|
Ext. Costs and Losses |
120,00 |
|
|
Taxation Over Income |
3.203,00 |
|
|
Net Income For the Year |
176.419,00 |
|
|
Income and Profits |
|
Sales of : |
|
|
|
Products |
1.015.990,00 |
|
|
Services Provided |
787.180,00 |
|
|
Subtotal |
1.803.170,00 |
|
|
Variation in Production |
(81.150,00) |
|
|
Trading Securities Income |
|
|
|
Int. and Similar Costs |
|
|
|
Other |
129.167,00 |
|
|
Extra Income and Gains |
1.075,00 |
|
|
Net Income For the Year |
176.419,00 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.40 |
|
|
1 |
Rs.83.32 |
|
Euro |
1 |
Rs.70.44 |
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.