MIRA INFORM
REPORT
|
Report Date : |
01.02.2011 |
IDENTIFICATION DETAILS
|
Name : |
QUIMIALMEL-QUIMICOS E
MINERAIS LDA |
|
|
|
|
Registered Office : |
Estrada Nacional nº1/
IC2- Zona Industrial, Apartado 150 |
|
|
|
|
Country : |
Portugal |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
15.04.1993 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Wholesale Trade of
Chemicals. |
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 : |
EURO 49.880,00 |
|
Status : |
Satisfactory |
|
Payment
Behaviour : |
Usually correct |
|
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 |
QUIMIALMEL-QUIMICOS E
MINERAIS LDA |
|
|
|
|
|
V.A.T. Number / NIF |
502967137 |
|
Address |
Estrada Nacional nº1/
IC2- Zona Industrial, Apartado 150 |
|
|
|
Locality |
ALBERGARIA-A-VELHA |
Postal Code |
3850-200-ALBERGARIA-A- VELHA |
|
Municipality |
ALBERGARIA-A-VELHA |
District |
AVEIRO |
|
Telephone |
234529160 |
|
|
|
Fax |
234529169 |
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|
|
E-Mail |
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|
|
Web Site |
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|
|
|
|
|
|
C.A.E.(Rev 3) |
46750- Wholesale trade of
chemicals |
|
|
|
All the amounts are express in Euros, otherwise you
will be advised |
Summary
|
|
Legal Form |
Private Limited Company |
|
|
|
Constitution |
15-04-1993 |
V.A.T. Number / NIF |
502967137 |
|
Employees |
22 |
Capital |
1.000.000,00 |
|
Sales in : 31-12-2009 |
17.167.653,00 |
Shareholders Funds in:
31-12-2009 |
6.034.346,00 |
|
Credit |
Recommended |
Credit Limit |
49.880,00 |
|
Condition |
|
Tendency |
Stationary |
|
Financing |
Guaranteed |
Payments |
Good |
|
Actual Condition |
In activity |
|
|
Management Bodies
|
FRANCISCO FULLERA ORTUNO |
Managing-Partner |
|
FERNANDO QUINTANA TARREGA |
Manager |
Banks
and Financial Institutions
|
BANCO BILBAO VIZCAYA ARGENTARIA
(PORTUGAL), SA |
Aveiro |
|
BANCO SANTANDER TOTTA SA |
Águeda |
|
MILLENNIUM BCP |
Albergaria-a-Velha |
Historical
|
Registed on the Register Record Office of Albergaria-a-Velha with the Register
Number 502967137 previous number 477 in 15-04-1993 |
|
Constitution celebrated in 15-04-1993 published on Diário da República
number 126 of 31-05-1993 |
|
To oblige the company it is necessary 1 signatures |
Changes
to Society
|
In 21-12-2010 on Portal
MJ of 21-12-2010 head office change |
|
|
|
|
In 13-03-2001 on Diário da
República number 93 of 20-04-2001 business change |
|
|
In 03-12-1996 on Diário
da República number 66 of 19-03-1997 social change |
|
|
Capital
|
The Capital is
1.000.000,00 |
|
|
with the following
distribution |
|
QUIMIALMEL SA |
750.000,00 |
75% |
|
FRANCISCO FULLERA ORTUNO |
250.000,00 |
25% |
Biographies
|
Name |
FRANCISCO FULLERA ORTUNO |
|
Funtion |
Managing-Partner |
|
Address |
São José, 2 - Castellon |
|
Locality |
Espanha |
|
Birth Date |
1948 |
|
Naturality |
Espanha |
|
Civil State |
Married |
|
Consort |
Maria Teresa Marco Sebastião |
|
|
|
|
Name |
FERNANDO QUINTANA TARREGA |
|
Funtion |
Manager |
|
Address |
San Roque - Castellon |
|
Locality |
Espanha |
|
Birth Date |
1941 |
|
Naturality |
Espanha |
|
Civil State |
Married |
Shareholders
/ Partners Companies
|
NAME |
QUIMIALMEL SA |
|
Funtion |
Partner |
|
Address |
San Roque, 15 Castellon |
|
Locality |
Espanha |
Vehicles
|
Trade Mark |
Quantity |
License Number |
|
Possui veiculos |
5 |
|
Insurance
|
Company |
|
Companhia de Seguros
Fidelidade Mundial |
|
Mapfre Seguros Generales |
Special Information
|
Event |
General Description |
|
Quality Certification |
A QUIMIALMEL is certified by the SGS ICS–Serviços
Internacionais de Certificação, according to the standard NP EN ISO
9001:2000, in connection with trading
of chemicals, minerals and
metals and industrial waste management. |
Activities
|
Line of Business |
Percentage |
|
Trade, processing, import
and export of chemicals
and minerals, transport, separation,
storage, recovery and marketing
of industrial and municipal waste |
100% |
|
Type of Clients |
Industries/Private
Companies |
|
|
|
Sales Conditions |
Credit |
|
|
|
Exports to |
|
|
|
Trade Marks
|
Tronox |
|
Asturiana de Zinc |
|
Tata Chemicals |
|
Elfusa |
Employees
|
Total |
22 |
Head
Office and Installations
|
Head office and installations owned with
an area of 600.002 m2 Estrada Nacional nº1/ IC2- Zona Industrial, Apartado
150, ALBERGARIA-A-VELHA, 3850-200, ALBERGARIA-A- VELHA, Tel:234529160,
Fax:234529169 |
|
Had head office Estrada Nacional 1 ao Km 250-Apartado 150,
ALBERGARIA-A-VELHA, 3850-200, ALBERGARIA-A- VELHA |
Incidents
|
There are no records 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. |
Participations
|
The subject participates
on the following company(ies) |
|
|
NAME |
TIMELOG-TRANSPORTES E
LOGISTICA LDA |
|
Address |
Zona Industrial de
Albergaria-a-Velha |
|
Locality |
Albergaria-a-Velha |
|
C.A.E. |
52291- Organization of
transport |
|
Capital |
50.000,00 |
|
Participation |
45% |
Financial
Elements
|
|
31-12-2009 |
|
|
Tangible Assets |
5.523.284,00 |
|
|
Investments |
138.012,00 |
|
|
Stocks |
4.935.041,00 |
|
|
Short Term Receivable |
5.658.292,00 |
|
|
Banks and Cash |
848.783,00 |
|
|
Accruals and Deferrals |
96.256,00 |
|
|
Total Assets |
17.199.668,00 |
|
|
Shareholder's Funds |
6.034.346,00 |
|
|
Medium and Long Term
Payable |
2.168.481,00 |
|
|
Short Term Payable |
8.883.701,00 |
|
|
Accruals and Deferrals |
113.138,00 |
|
|
Total Liabilities and
Shareholder's Funds |
17.199.666,00 |
|
|
Cost of Goods and
Consumable Materials |
14.537.701,00 |
|
|
Outside Supplies and
Services |
949.952,00 |
|
|
Personnel Costs |
846.391,00 |
|
|
Sales |
17.167.653,00 |
|
|
Supplementary Income |
33.025,00 |
|
Comparatives
|
|
31-12-2007 |
31-12-2008 |
31-12-2009 |
|
Net Sales |
37.819.481,00 |
36.625.336,00 |
17.167.653,00 |
|
Net Income For the Year |
683.501,00 |
1.145.148,00 |
196.740,00 |
|
Current Assets |
21.221.575,00 |
17.718.070,00 |
11.538.372,00 |
|
Short Term Payables |
18.078.923,00 |
14.641.237,00 |
8.883.701,00 |
|
Cash Flow |
3.142.652,00 |
3.076.833,00 |
2.654.671,00 |
|
Total Assets |
26.823.714,00 |
23.449.460,00 |
17.199.668,00 |
|
Total Liabilities |
20.716.329,00 |
17.140.163,00 |
11.165.320,00 |
|
Shareholders Funds |
6.107.386,00 |
6.309.297,00 |
6.034.346,00 |
|
Personnel Costs |
954.975,00 |
1.019.010,00 |
846.391,00 |
|
Ratios |
|
|
31-12-2007 |
31-12-2008 |
31-12-2009 |
|
FINANCIAL SITUATION |
|
|
|
|
General Liquidity |
1,17 |
1,21 |
1,30 |
|
Immediate Liquidity |
0,92 |
0,88 |
0,74 |
|
Financial Autonomy |
0,23 |
0,27 |
0,35 |
|
Solvency |
0,29 |
0,37 |
0,54 |
|
RENTABILITY |
|
|
|
|
Sales Rentability |
1,81 % |
3,13 % |
1,15 % |
|
Sales Rate Increase |
|
(3,16) % |
(53,13) % |
|
EFFICIÊNCY |
|
|
|
|
Assets Turnover |
1,41 |
1,56 |
1,00 |
|
Balance Sheet and Income Statement |
||
|
Balance Sheet |
||
|
CoinEURO |
|
Date31-12-2009 |
|
|
||
|
|
Gross Assets |
Depreciations /
Provisions |
Net Assets |
|
Intangible Assets |
|
Subtotal |
38.143,00 |
38.143,00 |
|
|
Tangible Assets |
|
Subtotal |
7.611.501,00 |
2.088.217,00 |
5.523.284,00 |
|
Financial
Investments |
|
Subtotal |
138.012,00 |
|
138.012,00 |
|
Stocks |
|
Subtotal |
4.935.041,00 |
|
4.935.041,00 |
|
Short
Term Receivable |
|
Subtotal |
5.919.377,00 |
261.085,00 |
5.658.292,00 |
|
Bank
Deposits and Cash |
|
Cash |
28.274,00 |
|
28.274,00 |
|
Bank Deposites |
820.509,00 |
|
820.509,00 |
|
Subtotal |
848.783,00 |
|
848.783,00 |
|
Accruals
and Deferrals |
|
Deferred Cost |
96.256,00 |
|
96.256,00 |
|
Subtotal |
96.256,00 |
|
96.256,00 |
|
|
|
Total Assets |
19.587.113,00 |
2.387.445,00 |
17.199.668,00 |
|
Shareholders
Funds and Liabilities |
|
Shareholders Funds |
|
Capital |
1.000.000,00 |
|
|
Treasury Stock: |
|
|
|
Capital Adjustments |
38.012,00 |
|
|
Reserves : |
|
|
|
Free |
4.731.791,00 |
|
|
Net Retained |
67.804,00 |
|
|
Net Income For the Year |
196.740,00 |
|
|
Total |
6.034.346,00 |
|
|
Short
Term Payable |
|
Bank Loans |
6.455.957,00 |
|
|
Supliers Fixed Asset |
117.325,00 |
|
|
State and Other Public
Bodies |
86.667,00 |
|
|
Other Creditors |
15.565,00 |
|
|
Trade Creditors |
2.208.187,00 |
|
|
Subtotal |
8.883.701,00 |
|
|
Medium
and Long Term Payable |
|
Adv. For Clients |
2.168.481,00 |
|
|
Subtotal |
2.168.481,00 |
|
|
Accruals
and Deferrals |
|
Accrued Charges |
113.138,00 |
|
|
Subtotal |
113.138,00 |
|
|
TOTAL LIABILITIES |
11.165.320,00 |
|
|
TOTAL LIABILITIES AND
SHAREHOLDERS FUNDS |
17.199.666,00 |
|
|
Income
Statement |
|
Costs
and Losses |
|
Cost of Materials
Consumed and Goods Sold: |
|
|
|
Subtotal |
14.537.701,00 |
|
|
Outside Supplies and
Services |
949.952,00 |
|
|
Personnel Costs |
|
|
|
Subtotal |
846.391,00 |
|
|
Depreciation |
261.016,00 |
|
|
Subtotal |
261.016,00 |
|
|
Other Operating Costs |
57.370,00 |
|
|
Int. and Similar Costs: |
|
|
|
Subtotal |
344.042,00 |
|
|
Ext. Costs and Losses |
849,00 |
|
|
Taxation Over Income |
125.000,00 |
|
|
Net Income For the Year |
196.740,00 |
|
|
Income
and Profits |
|
Sales of : |
|
|
|
Products |
16.971.785,00 |
|
|
Services Provided |
195.868,00 |
|
|
Subtotal |
17.167.653,00 |
|
|
Variation in Production |
(124,00) |
|
|
Supplementary Income |
33.025,00 |
|
|
Other Operating Income
and Gains |
635,00 |
|
|
Subtotal |
33.660,00 |
|
|
Trading Securities Income
|
|
|
|
Int. and Similar Costs |
|
|
|
Other |
75.549,00 |
|
|
Extra Income and Gains |
42.323,00 |
|
|
Net Income For the Year |
196.740,00 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.18 |
|
|
1 |
Rs.72.78 |
|
Euro |
1 |
Rs.62.15 |
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.