MIRA INFORM REPORT
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Report Date : |
28.02.2011 |
IDENTIFICATION DETAILS
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Name : |
DECORACOES BRANDAO & LOPES LDA |
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Registered Office : |
Rua Outeiro Pomar, S/N-Casal Cego, Post Code 2415-458-Leiria, District Leiria, Marrazes |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
15.07.1988 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale of hardware,
plumbing and articles for plumbing and heating |
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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Maximum Credit Limit : |
49.880,00 Euros |
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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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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
|
Name |
DECORACOES BRANDAO & LOPES LDA |
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V.A.T. Number / NIF |
502080078 |
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Denomination |
Alcatifas Petro |
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Address |
Rua Outeiro Pomar, s/n-Casal Cego |
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Locality |
MARRAZES |
Postal Code |
2415-458-LEIRIA |
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Municipality |
LEIRIA |
District |
LEIRIA |
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Telephone |
244834179, 244814778 |
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Fax |
244834179, 244892594 |
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E-Mail |
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C.A.E.(Rev 3) |
46740- Wholesale of
hardware, plumbing and articles for plumbing and heating |
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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 |
15-07-1988 |
V.A.T. Number / NIF |
502080078 |
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Employees |
6 |
Capital |
24.940,00 |
|
Sales in : 31-12-2009 |
4.765.216,00 |
Shareholders Funds in:
31-12-2009 |
1.478.138,00 |
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Credit |
Recommended |
Credit Limit |
49.880,00 |
|
Condition |
|
Tendency |
Stationary |
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Financing |
Guaranteed |
Payments |
Good |
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Actual Condition |
In activity |
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Management Bodies
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ANTONIO MANUEL |
Managing-Partner |
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MARIA DE |
Managing-Partner |
Banks and Financial Institutions
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MILLENNIUM BCP |
Leiria-Castelo |
Historical
|
Register on the Register
Record Office of Leiria with the Register Number 502080078 previous number
2747 in 20-12-1988 |
|
Constitution celebrated
in 15-07-1988 published on Diário da República number 219 of 21-09-1988 |
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To oblige the company it
is necessary 1 signatures |
Changes to Society
|
In 12-01-2009 on Portal
MJ of 12-01-2009 manager change |
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In 01-07-1992 on Diário da República number 251 of 30-10-1992 social
change |
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on Diário da República number 123 of 30-05-1989 social change |
Capital
|
The Capital is 24.940,00 |
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with the following
distribution |
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ANTONIO MANUEL |
12.470,00 |
50% |
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MARIA DE |
12.470,00 |
50% |
Biographies
|
Name |
ANTONIO MANUEL |
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Funtion |
Managing-Partner |
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Civil State |
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Name |
MARIA DE |
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Funtion |
Managing-Partner |
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Address |
Rua Dr. Rui Acácio da Luz, lote 11, Casal dos Matos |
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Locality |
Pousos |
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Civil State |
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Activities
|
Line of Business |
Percentage |
|
Retail sale of carpets |
100% |
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Type of Clients |
Public |
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Sales Conditions |
Cash |
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Sales Area |
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District |
100% |
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Denominations
|
Alcatifas Petro |
Employees
|
Total |
6 |
Head Office and Installations
|
Head office Avenida do Marques de Pombal, 49 , Leiria, 2400, LEIRIA |
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Shop Rua Outeiro Pomar, s/n-Casal Cego, MARRAZES, 2415-458, LEIRIA,
Tel:244834179, Fax:244834179 |
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 Elements
|
|
31-12-2009 |
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Tangible Assets |
111.405,00 |
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Stocks |
957.820,00 |
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Short Term Receivable |
1.463.553,00 |
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Banks and Cash |
68.800,00 |
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Accruals and Deferrals |
4.125,00 |
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Total Assets |
2.605.703,00 |
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Shareholder's Funds |
1.478.138,00 |
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Medium and Long Term
Payable |
85.412,00 |
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Short Term Payable |
1.008.482,00 |
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Accruals and Deferrals |
33.670,00 |
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Total Liabilities and
Shareholder's Funds |
2.605.702,00 |
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Cost of Goods and
Consumable Materials |
3.799.243,00 |
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Outside Supplies and
Services |
317.296,00 |
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Personnel Costs |
146.406,00 |
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Sales |
4.765.216,00 |
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Supplementary Income |
1,00 |
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Comparatives
|
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31-12-2008 |
31-12-2009 |
|
Net Sales |
|
3.970.599,00 |
4.765.216,00 |
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Net Income For the Year |
|
314.302,00 |
317.127,00 |
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Current Assets |
|
2.075.930,00 |
2.494.298,00 |
|
Short Term Payables |
|
938.064,00 |
1.008.482,00 |
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Cash Flow |
|
1.137.866,00 |
1.485.816,00 |
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Total Assets |
|
2.131.020,00 |
2.605.703,00 |
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Total Liabilities |
|
945.007,00 |
1.127.564,00 |
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Shareholders Funds |
|
1.186.011,00 |
1.478.138,00 |
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Personnel Costs |
|
125.503,00 |
146.406,00 |
Ratios
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|
31-12-2007 |
31-12-2008 |
31-12-2009 |
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FINANCIAL SITUATION |
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|
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General Liquidity |
|
2,21 |
2,47 |
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Immediate Liquidity |
|
1,19 |
1,52 |
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Financial Autonomy |
|
0,56 |
0,57 |
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Solvency |
|
1,26 |
1,31 |
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RENTABILITY |
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Sales Rentability |
|
7,92 % |
6,66 % |
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Sales Rate Increase |
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|
20,01 % |
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EFFICIÊNCY |
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Assets Turnover |
|
1,86 |
1,83 |
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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||
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Gross Assets |
Depreciations /
Provisions |
Net Assets |
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Intangible Assets |
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Subtotal |
275,00 |
275,00 |
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Tangible Assets |
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Subtotal |
385.330,00 |
273.925,00 |
111.405,00 |
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Stocks |
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Subtotal |
957.820,00 |
|
957.820,00 |
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Short
Term Receivable |
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Subtotal |
1.514.952,00 |
51.399,00 |
1.463.553,00 |
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Bank
Deposits and Cash |
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Cash |
62.312,00 |
|
62.312,00 |
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Bank Deposites |
6.488,00 |
|
6.488,00 |
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Subtotal |
68.800,00 |
|
68.800,00 |
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Accruals
and Deferrals |
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Deferred Cost |
4.125,00 |
|
4.125,00 |
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Subtotal |
4.125,00 |
|
4.125,00 |
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Total Assets |
2.931.302,00 |
325.599,00 |
2.605.703,00 |
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Shareholders
Funds and Liabilities |
|
Shareholders Funds |
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Capital |
24.940,00 |
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Treasury Stock: |
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Reserves : |
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Free |
547.727,00 |
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Net Retained |
588.344,00 |
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Net Income For the Year |
317.127,00 |
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Total |
1.478.138,00 |
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Short
Term Payable |
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Bank Loans |
138.527,00 |
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Supliers Fixed Asset |
35.352,00 |
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State and Other Public
Bodies |
14.404,00 |
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Other Creditors |
124.673,00 |
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Trade Creditors |
672.221,00 |
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Shareholders |
23.304,00 |
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Subtotal |
1.008.482,00 |
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Medium
and Long Term Payable |
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Adv. For Clients |
85.412,00 |
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Subtotal |
85.412,00 |
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Accruals
and Deferrals |
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Accrued Charges |
33.670,00 |
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Subtotal |
33.670,00 |
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TOTAL LIABILITIES |
1.127.564,00 |
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TOTAL LIABILITIES AND
SHAREHOLDERS FUNDS |
2.605.702,00 |
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Income
Statement |
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Costs
and Losses |
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Cost of Materials
Consumed and Goods Sold: |
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Subtotal |
3.799.243,00 |
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Outside Supplies and
Services |
317.296,00 |
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Personnel Costs |
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Subtotal |
146.406,00 |
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Depreciation |
46.694,00 |
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Provisions |
51.399,00 |
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Subtotal |
98.093,00 |
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Other Operating Costs |
5.171,00 |
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Int. and Similar Costs: |
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Subtotal |
51.745,00 |
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Ext. Costs and Losses |
90.835,00 |
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Net Income For the Year |
317.127,00 |
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Income
and Profits |
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Sales of : |
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Products |
4.765.216,00 |
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Subtotal |
4.765.216,00 |
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Supplementary Income |
1,00 |
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Subtotal |
1,00 |
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Trading Securities Income
|
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Int. and Similar Costs |
|
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Other |
60.462,00 |
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Extra Income and Gains |
237,00 |
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Net Income For the Year |
317.127,00 |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.37 |
|
|
1 |
Rs.73.25 |
|
Euro |
1 |
Rs.62.68 |
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 |
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.