MIRA INFORM REPORT
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Report Date : |
16.12.2011 |
IDENTIFICATION DETAILS
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Name : |
BARATA & RAMILO, S.A. |
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Registered Office : |
Rua Do Sistelo, 755, Santegaos, Rio Tinto, 4435-452 |
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Country : |
Portugal |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
05.05.1974 |
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Com. Reg. No.: |
500590753 |
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Legal Form : |
Public Subsidiary Company |
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Line of Business : |
wholesale of yarn |
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No. of Employees
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190 persons |
RATING & COMMENTS
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MIRA’s 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 |
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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 30th, 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 |
Company name & address
Barata & Ramilo, S.A.
Rua Do Sistelo, 755
Santegaos
Rio Tinto, 4435-452
Portugal
Tel: +351 220900800
Fax: +351 220900801
Synthesis
Employees: 190
Company Type: Public Subsidiary
Corporate Family: 2
Companies
Ultimate Parent: Barhold, S.G.P.S., S.A.
Incorporation Date:
05-May-1974
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2009
Reporting Currency: Euro
Annual Sales: 46.7
Total Assets: 34.2
Business Description
Barata & Ramilo, S.A. is primarily engaged in wholesale of yarn;
wholesale of fabrics; wholesale of household linen, etc.; and wholesale of
haberdashery: needles, sewing thread, etc.
Industry
Industry Apparel and Accessories
ANZSIC 2006: 3711 - Textile
Product Wholesaling
NACE 2002: 5141 - Wholesale
of textiles
NAICS 2002: 424310 - Piece
Goods, Notions, and Other Dry Goods Merchant Wholesalers
UK SIC 2003: 5141 - Wholesale
of textiles
US SIC 1987: 5651 - Family
Clothing Stores
Key Executives
Name Title
Nuno Ferreira Financial
director
Sergio Marques Marketing
manager, Operations manager/director
Karim Hedenquist Purchasing
manager
Nuno Miller Accountant
Monica Quinta Personnel
manager
Registered No.(PRT): 500590753
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7190468
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.6969855
Corporate Overview
Location
Rua Do Sistelo, 755
Santegãos
Rio Tinto, 4435-452
Gondomar County
Portugal
Tel: +351 220900800
Fax: +351 220900801
Sales EUR(mil): 33.6
Assets EUR(mil): 23.8
Employees: 190
Fiscal Year End: 31-Dec-2009
Industry: Apparel
and Accessories
Incorporation Date: 05-May-1974
Company Type: Public
Subsidiary
Quoted Status: Not
Quoted
Registered No.(PRT): 500590753
Marketing manager,
Operations manager/director: Sergio Marques
Contents
· Industry Codes
· Business Description
· Financial Data
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
3711 - Textile Product Wholesaling
4251 - Clothing Retailing
NACE 2002 Codes:
5141 - Wholesale of textiles
5242 - Retail sale of clothing
NAICS 2002 Codes:
4481 - Clothing Stores
424310 - Piece Goods, Notions, and Other Dry Goods Merchant
Wholesalers
US SIC 1987:
5651 - Family Clothing Stores
UK SIC 2003:
5242 - Retail sale of clothing
5141 - Wholesale of textiles
Business
Description
Barata &
Ramilo, S.A. is primarily engaged in wholesale of yarn; wholesale of fabrics;
wholesale of household linen, etc.; and wholesale of haberdashery: needles,
sewing thread, etc.
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Corporate
Family |
Corporate
Structure News: |
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Barata &
Ramilo, S.A. |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Barhold, S.G.P.S., S.A. |
Parent |
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Subsidiary |
Rio Tinto |
Portugal |
Apparel and Accessories |
46.7 |
190 |
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Executive report
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Executives |
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Marketing manager, Operations
manager/director |
Operations Executive |
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Financial director |
Finance Executive |
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Accountant |
Accounting Executive |
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Personnel manager |
Human Resources Executive |
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Purchasing manager |
Purchasing Executive |
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Executive |
Other |
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Executive |
Other |
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Executive |
Other |
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Executive |
Other |
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Executive |
Other |
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Executive |
Other |
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Annual Profit & Loss
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31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate
(Period Average) |
0.719047 |
0.683679 |
0.730637 |
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Consolidated |
No |
No |
No |
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Total income |
48.4 |
42.4 |
33.3 |
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Net sales |
46.7 |
41.1 |
32.5 |
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Subsidies for operating costs |
- |
0.0 |
0.0 |
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Supplementary operating income |
1.2 |
0.3 |
0.2 |
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Other operating income |
0.2 |
0.4 |
0.1 |
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Cost of goods sold |
20.1 |
19.9 |
16.0 |
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Cost of sales |
20.1 |
19.9 |
16.0 |
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Service costs |
15.3 |
8.1 |
6.7 |
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Total payroll costs |
5.5 |
8.3 |
6.3 |
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Fixed asset depreciation and amortisation |
1.5 |
1.5 |
1.3 |
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Other operating costs |
0.3 |
1.0 |
0.6 |
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Total financial
income |
0.3 |
0.5 |
0.2 |
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Total expenses |
1.3 |
1.0 |
0.6 |
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Profit before tax |
4.0 |
2.1 |
1.0 |
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Extraordinary income |
0.1 |
0.1 |
0.3 |
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Extraordinary expenses |
0.2 |
0.5 |
0.8 |
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Other taxes |
0.1 |
0.0 |
0.0 |
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Total taxation |
0.4 |
0.5 |
0.2 |
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Net profit |
3.5 |
1.6 |
0.8 |
Annual Balance
Sheet
Financials in: USD (mil)
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31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.696986 |
0.719399 |
0.683971 |
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Consolidated |
No |
No |
No |
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Issued capital |
0.1 |
0.1 |
0.1 |
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Surplus of revaluation |
0.0 |
0.0 |
0.0 |
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Available reserves |
2.2 |
1.6 |
1.7 |
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Total reserves |
0.1 |
0.1 |
0.1 |
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Profits for the year |
3.6 |
1.5 |
0.8 |
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Profit brought forward from previous
year(s) |
0.2 |
0.0 |
0.0 |
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Capital subsidies and grants |
2.4 |
2.3 |
2.4 |
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Total
stockholders equity |
8.6 |
5.5 |
5.1 |
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Other long-term liabilities |
7.5 |
5.2 |
3.3 |
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Trade creditors |
5.5 |
5.8 |
4.1 |
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Bank loans and overdrafts |
0.7 |
0.2 |
- |
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Other loans |
0.1 |
0.1 |
0.1 |
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Loans from principals |
0.0 |
0.7 |
0.3 |
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Debts on fixed assets |
0.6 |
0.7 |
0.6 |
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Taxes |
5.8 |
0.8 |
0.8 |
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Other current liabilities |
2.5 |
0.8 |
0.6 |
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Provisions for current year |
0.0 |
0.0 |
0.0 |
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Total current
liabilities |
15.2 |
9.2 |
6.5 |
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Total debts |
25.6 |
16.8 |
12.7 |
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Regularisation account |
2.9 |
2.4 |
2.9 |
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Total
liabilities (including net worth) |
34.2 |
22.3 |
17.8 |
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Intangibles |
2.6 |
2.3 |
2.4 |
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Buildings |
2.2 |
1.7 |
2.8 |
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Machinery and tools |
0.1 |
0.0 |
0.0 |
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Fixtures and equipment |
5.5 |
3.7 |
1.8 |
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Furniture and vehicles |
2.6 |
2.4 |
2.4 |
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Other fixed assets |
1.3 |
1.0 |
0.9 |
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Total tangible
fixed assets |
11.6 |
8.8 |
8.0 |
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Other financial assets |
0.9 |
1.2 |
1.3 |
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Shares held in associated companies |
0.7 |
0.3 |
0.3 |
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Participating interest |
0.1 |
0.1 |
0.0 |
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Provisions for long-term depreciation |
-0.3 |
- |
- |
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Depreciation and amortisation |
-8.7 |
-7.0 |
-6.0 |
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Raw materials |
0.7 |
1.5 |
1.2 |
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Merchandise |
5.8 |
8.1 |
5.9 |
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Fixed assets for sale |
-1.6 |
-1.5 |
-1.2 |
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Net stocks and work in progress |
4.8 |
8.2 |
5.9 |
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Trade debtors |
4.5 |
3.9 |
4.2 |
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Other receivables |
0.8 |
1.0 |
0.5 |
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General accounts |
2.7 |
1.1 |
- |
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Doubtful receivables |
-0.5 |
-0.6 |
-0.5 |
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Cash and liquid assets |
0.1 |
0.1 |
0.2 |
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Money on deposit at bank(s) |
11.2 |
0.8 |
0.6 |
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Recoverable taxation |
0.0 |
0.0 |
0.0 |
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Total current
assets |
23.6 |
14.7 |
11.0 |
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Prepaid expenses and deferred costs |
3.7 |
2.0 |
0.9 |
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Total assets |
34.2 |
22.3 |
17.8 |
Annual Ratios
Financials in: USD (mil)
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|
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.696986 |
0.719399 |
0.683971 |
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Consolidated |
No |
No |
No |
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Current ratio |
1.50 |
1.60 |
1.70 |
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Acid test ratio |
1.20 |
0.70 |
0.80 |
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Total liabilities to net worth |
0.34% |
0.33% |
0.40% |
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Net worth to total assets |
0.25% |
0.25% |
0.29% |
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Current liabilities to net worth |
1.78% |
1.66% |
1.26% |
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Current liabilities to stock |
3.17% |
1.12% |
1.09% |
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Fixed assets to net worth |
0.81% |
1.02% |
1.17% |
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Collection period |
34.40 |
36.80 |
43.90 |
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Stock turnover rate |
10.00 |
4.80 |
5.80 |
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Asset utilisation |
0.71% |
0.57% |
0.51% |
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Creditors to sales |
53.20 |
43.00 |
36.60 |
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Asset turnover |
1.41% |
1.75% |
1.95% |
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Profit margin |
0.08% |
0.04% |
0.02% |
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Return on assets |
0.11% |
0.07% |
0.05% |
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Shareholders' return |
0.42% |
0.27% |
0.16% |
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Sales per employee |
176.59 |
147.85 |
124.92 |
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Profit per employee |
13.31 |
5.65 |
3.01 |
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Return on capital |
0.23% |
0.14% |
0.10% |
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Net worth |
8.6 |
5.5 |
5.1 |
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Number of employees |
190 |
190 |
190 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.24 |
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UK Pound |
1 |
Rs.83.77 |
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Euro |
1 |
Rs.70.46 |
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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<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.