MIRA INFORM
REPORT
|
Report Date : |
16.02.2011 |
IDENTIFICATION DETAILS
|
Correct Name : |
J.R.FONTES & FILHOS
LDA |
|
|
|
|
Registered Office : |
Rua da Industria, 225 –
231, 4440-230-Campo Vlg |
|
|
|
|
Country : |
Portugal |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
10.01.1975 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Industry and Trade of Leather
and Its Products, Finishing of Leather |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
EURS 37.410,00 |
|
Status : |
Satisfactory |
|
Payment
Behaviour : |
Regular |
|
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) |
|
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 |
J.R.FONTES & FILHOS
LDA |
|
|
|
|
|
V.A.T. Number / NIF |
500146586 |
|
Address |
Rua da Industria, 225 - 231 |
|
|
|
Locality |
CAMPO |
Postal Code |
4440-230-CAMPO VLG |
|
Municipality |
VALONGO |
District |
|
|
Telephone |
229670031 |
|
|
|
Fax |
229680832 |
|
|
|
E-Mail |
|
|
|
|
C.A.E.(Rev 3) |
15111- Tanning and dressing of leather |
|
|
|
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 |
Private Limited Company |
|
|
|
Constitution |
10-01-1975 |
V.A.T. Number / NIF |
500146586 |
|
Employees |
15 |
Capital |
240.000,00 |
|
Sales in : 31-12-2009 |
1.279.762,00 |
Shareholders Funds in: 31-12-2009 |
910.033,00 |
|
Credit |
Recommended |
Credit Limit |
37.410,00 |
|
Condition |
|
Tendency |
Stationary |
|
Financing |
Guaranteed |
Payments |
Good |
|
Rating |
E3 |
|
|
|
Actual Condition |
In activity |
|
|
Management Bodies
|
|
PEDRO DANIEL VIEIRA FONTES |
Managing-Partner |
Banks and Financial
Institutions
|
|
BANCO SANTANDER TOTTA SA |
Ermesinde |
|
BANCO BPI, SA |
Ermesinde |
|
MILLENNIUM BCP |
Maia-Negócios |
Historical
|
|
Registed on the Register Record Office of Valongo with the Register
Number 500146586 previous number 21125 in 22-12-2000 |
|
Constitution celebrated in 10-01-1975 published on Diário da República
number 40 of 17-02-1975 |
|
To oblige the company it is necessary 1 signatures |
Changes to Society
|
|
In 09-07-2007 on Portal MJ of 11-07-2007 head office change |
|
|
In 04-11-2005 on Diário da República number 67 of
04-04-2006 manager change |
|
|
In 22-12-2000 on Diário da República number 22 of
26-01-2001 capital change Clique para ver detalhes
|
|
|
In 02-02-2000 on Diário da República number 87 of 12-04-2000 capital
change Clique para ver detalhes
|
Capital
|
|
The Capital is 240.000,00 |
|
|
with the following distribution |
|
MADALENA DE CASTRO ALVES
VIEIRA FONTES |
|
|
|
PEDRO DANIEL VIEIRA FONTES |
120.000,00 |
50% |
Biographies
|
|
|
|
|
Name |
MADALENA DE CASTRO ALVES VIEIRA
FONTES |
|
Funtion |
Partner |
|
Civil State |
Unmarried |
|
|
|
|
Name |
PEDRO DANIEL VIEIRA FONTES |
|
Funtion |
Managing-Partner |
|
Previous Connections |
Foi socio da firma Suco
de Moda Confecçăo de Vestuario Lda até a sua dissoluçăo |
Vehicles
|
|
Trade Mark |
Quantity |
License Number |
|
Possui veiculos |
4 |
|
Insurance
|
|
Company |
|
Companhia de Seguros
Açoreana SA |
Special Information
|
|
Event |
General Description |
|
|
Existe ainda uma quota no
valor de 120.000 € em comum e sem determinaçăo de partes entre os socios
Pedro Daniel Vieira Fontes e Madalena de Castro Alves Vieira Fontes |
Activities
|
|
Line of Business |
Percentage |
|
Indústria
e comércio de curtumes e seus derivados, acabamento de peles sem pêlo (Industry and trade of leather and its products, finishing of leather) |
100% |
|
Type of Clients |
Private Companies |
|
|
|
Sales Conditions |
Cash/credit |
|
|
|
Sales Area |
|
|
|
|
District |
100% |
|
|
Employees
|
|
Total |
15 |
Head Office and Installations
|
|
Had head office Travessa do Soutinho de Baixo, 61, ERMESINDE,
4445-609, ERMESINDE |
|
Head office and installations Rua da Indústria, 225 - 231, CAMPO,
4440-230, CAMPO VLG, Tel:229670031, Fax:229680832 |
Incidents
|
|
Legal Actions |
||
|
Date: 17-10-2006 |
Judicial District Valongo |
2 Court |
|
Amount: 27.370,26 Euro |
Type: Especial
Cump.Obrig. Pecuniarias DL 269/98 |
|
|
Author: Curtidos Salles,
S.L. |
Situation: Pendente |
|
|
Process: 4467/06.5TBVLG |
|
|
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 |
|
|
Tangible Assets |
880.421,00 |
|
|
Investments |
2.498,00 |
|
|
Stocks |
488.158,00 |
|
|
Short Term Receivable |
433.391,00 |
|
|
Banks and Cash |
44.750,00 |
|
|
Accruals and Deferrals |
613,00 |
|
|
Total Assets |
1.849.831,00 |
|
|
Shareholder's Funds |
910.033,00 |
|
|
Medium and Long Term Payable |
659.032,00 |
|
|
Short Term Payable |
241.935,00 |
|
|
Accruals and Deferrals |
38.831,00 |
|
|
Total Liabilities and Shareholder's Funds |
1.849.831,00 |
|
|
Cost of Goods and Consumable Materials |
819.270,00 |
|
|
Outside Supplies and Services |
134.855,00 |
|
|
Personnel Costs |
227.738,00 |
|
|
Sales |
1.279.762,00 |
|
Comparatives
|
|
|
31-12-2007 |
31-12-2008 |
31-12-2009 |
|
Net Sales |
1.571.570,00 |
1.458.790,00 |
1.279.762,00 |
|
Net Income For the Year |
10.714,00 |
1.533,00 |
(244.200,00) |
|
Current Assets |
1.087.280,00 |
1.184.536,00 |
966.912,00 |
|
Short Term Payables |
789.802,00 |
891.409,00 |
241.935,00 |
|
Cash Flow |
297.478,00 |
293.127,00 |
724.977,00 |
|
Total Assets |
2.097.640,00 |
2.180.816,00 |
1.849.831,00 |
|
Total Liabilities |
944.941,00 |
1.026.584,00 |
939.798,00 |
|
Shareholders Funds |
1.152.700,00 |
1.154.233,00 |
910.033,00 |
|
Personnel Costs |
217.629,00 |
208.519,00 |
227.738,00 |
Ratios
|
|
|
31-12-2007 |
31-12-2008 |
31-12-2009 |
|
FINANCIAL SITUATION |
|
|
|
|
General Liquidity |
1,38 |
1,33 |
4,00 |
|
Immediate Liquidity |
0,85 |
0,69 |
1,98 |
|
Financial Autonomy |
0,55 |
0,53 |
0,49 |
|
Solvency |
1,22 |
1,12 |
0,97 |
|
RENTABILITY |
|
|
|
|
Sales Rentability |
0,68 % |
0,11 % |
(19,08) % |
|
Sales Rate Increase |
|
(7,18) % |
(12,27) % |
|
EFFICIÊNCY |
|
|
|
|
Assets Turnover |
0,75 |
0,67 |
0,69 |
|
Balance Sheet and
Income Statement |
||
|
Balance Sheet |
||
|
CoinEURO |
|
Date31-12-2009 |
|
|
||
|
|
Gross Assets |
Depreciations /
Provisions |
Net Assets |
|
Tangible Assets |
|
Subtotal |
1.545.021,00 |
664.600,00 |
880.421,00 |
|
Financial Investments |
|
Subtotal |
2.498,00 |
|
2.498,00 |
|
Stocks |
|
Subtotal |
488.158,00 |
|
488.158,00 |
|
Medium and Long Term Receivable |
|
Subtotal |
304.493,00 |
(304.493,00) |
|
|
Short Term Receivable |
|
Subtotal |
433.391,00 |
|
433.391,00 |
|
Bank Deposits and Cash |
|
Bank Deposites |
44.750,00 |
|
44.750,00 |
|
Subtotal |
44.750,00 |
|
44.750,00 |
|
Accruals and Deferrals |
|
Accrued Income |
3,00 |
|
3,00 |
|
Deferred Cost |
610,00 |
|
610,00 |
|
Subtotal |
613,00 |
|
613,00 |
|
|
|
Total Assets |
2.818.924,00 |
969.093,00 |
1.849.831,00 |
|
Shareholders Funds and Liabilities |
|
Shareholders Funds |
|
Capital |
240.000,00 |
|
|
Treasury Stock: |
|
|
|
Reserves : |
|
|
|
Legal |
53.998,00 |
|
|
Free |
847.988,00 |
|
|
Net Retained |
12.247,00 |
|
|
Net Income For the Year |
(244.200,00) |
|
|
Total |
910.033,00 |
|
|
Short Term Payable |
|
Bank Loans |
59.495,00 |
|
|
Supliers Fixed Asset |
7.482,00 |
|
|
State and Other Public Bodies |
14.587,00 |
|
|
Trade Creditors |
95.282,00 |
|
|
Trade Notes Payable |
65.089,00 |
|
|
Subtotal |
241.935,00 |
|
|
Medium and Long Term Payable |
|
Bank Loans |
526.730,00 |
|
|
Adv. For Clients |
82.302,00 |
|
|
Shareholders |
50.000,00 |
|
|
Subtotal |
659.032,00 |
|
|
Accruals and Deferrals |
|
Accrued Charges |
38.831,00 |
|
|
Subtotal |
38.831,00 |
|
|
TOTAL LIABILITIES |
939.798,00 |
|
|
TOTAL LIABILITIES AND SHAREHOLDERS FUNDS |
1.849.831,00 |
|
|
Income Statement |
|
Costs and Losses |
|
Cost of Materials Consumed and Goods Sold: |
|
|
|
Subtotal |
819.270,00 |
|
|
Outside Supplies and Services |
134.855,00 |
|
|
Personnel Costs |
|
|
|
Subtotal |
227.738,00 |
|
|
Depreciation |
46.301,00 |
|
|
Provisions |
245.173,00 |
|
|
Subtotal |
291.474,00 |
|
|
Other Operating Costs |
5.633,00 |
|
|
Int. and Similar Costs: |
|
|
|
Subtotal |
52.636,00 |
|
|
Ext. Costs and Losses |
251,00 |
|
|
Taxation Over Income |
457,00 |
|
|
Net Income For the Year |
(244.200,00) |
|
|
Income and Profits |
|
Sales of : |
|
|
|
Products |
1.224.406,00 |
|
|
Services Provided |
55.356,00 |
|
|
Subtotal |
1.279.762,00 |
|
|
Variation in Production |
(3.406,00) |
|
|
Trading Securities Income |
|
|
|
Int. and Similar Costs |
|
|
|
Other |
11.757,00 |
|
|
Net Income For the Year |
(244.200,00) |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.45 |
|
|
1 |
Rs.72.90 |
|
Euro |
1 |
Rs.61.43 |
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 Company |
---- |
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.