MIRA INFORM REPORT

 

 

Report Date :           

30.03.2011

 

IDENTIFICATION DETAILS

 

Name :

SEAFRESH-COMERCIO PRODUTOS ALIMENTARES LDA

 

 

Registered Office :

Alameda dos Oceanos, Lote 1.02.1. Z33 - Parque das Nações, Postal Code 1990-203-Lisboa,  Lisboa District

 

 

Country :

Portugal

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

08.11.2005

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Import, export and Trade Food

 

 

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 :

12.470,00 Euros

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 – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

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

SEAFRESH-COMERCIO PRODUTOS ALIMENTARES LDA

 

 

 

 

V.A.T. Number / NIF

507504062

Address

Alameda dos Oceanos, Lote 1.02.1. Z33 - Parque das Nações

 

 

Locality

LISBOA

Postal Code

1990-203-LISBOA

Municipality

LISBOA

District

LISBOA

 

 

 

 

C.A.E.(Rev 3)

46900- Non-specialized wholesale trade

 

 

 

 

All the amounts are express in Euros, otherwise you will be advised

 

 

 

Summary

 

 

Legal Form

Private Limited Company

 

 

Constitution

08-11-2005

V.A.T. Number / NIF

507504062

Capital

5.000,00

 

 

Sales in : 31-12-2009

2.447.772,00

Shareholders Funds in: 31-12-2009

327.849,00

Credit

Recommended

Credit Limit

12.470,00

Condition

Normal

Tendency

Stationary

Financing

Guaranteed

Payments

Good

Actual Condition

In activity

 

 

 

 

Management Bodies

 

 

VANDA PATRICIA PEREIRA MARTINS

Managing-Partner

 

 

Banks and Financial Institutions

 

 

MILLENNIUM BCP

Carnaxide

 

Historical

 

 

Registered on the Register Record Office of Lisboa with the Register Number 507504062 in 14-01-2010

Constitution celebrated in 08-11-2005 published on Diário da República number 106 of 01-06-2006

To oblige the company it is necessary 1 signatures

 

 

Changes to Society

 

 

In 14-01-2010 on Portal MJ of 18-01-2010 head office change

In 31-10-2007 on Portal MJ of 31-01-2008 manager change

 

 

Capital

 

 

The Capital is 5.000,00

 

 

with the following distribution

 

PAULA CRISTINA PEREIRA MARTINS

4.900,00

98%

VANDA PATRICIA PEREIRA MARTINS

100,00

2%

 

 

Biographies

 

 

Name

PAULA CRISTINA PEREIRA MARTINS

Function

Partner

 

Name

VANDA PATRICIA PEREIRA MARTINS

Function

Managing-Partner

Address

Rua Pedro Nunes, 2 – 1.º A

Locality

Linda-a-Velha

 

 

Activities

 

 

Line of Business

Percentage

Importação, exportação e comércio produtos alimentares

(Import, export and trade food)

100%

 

 

Type of Clients

Retailers/Public

 

 

Sales Conditions

Cash/credit

 

 

 

Head Office and Installations

 

 

Head office and installations Alameda dos Oceanos, Lote 1.02.1. Z33 – Parque das Nações, LISBOA, 1990-203, LISBOA

Had head office Praceta Florbela Espanca, n.º 1 – 4.º E, CARNAXIDE, 2790-070, CARNAXIDE

 

 

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

 

Intangible Assets

145,00

 

Tangible Assets

31.943,00

 

Stocks

127.756,00

 

Short Term Receivable

529.560,00

 

Banks and Cash

13.595,00

 

Accruals and Deferrals

522,00

 

Total Assets

703.521,00

 

Shareholder’s Funds

327.849,00

 

Short Term Payable

368.247,00

 

Accruals and Deferrals

7.425,00

 

Total Liabilities and Shareholder’s Funds

703.521,00

 

Cost of Goods and Consumable Materials

2.250.698,00

 

Outside Supplies and Services

77.460,00

 

Personnel Costs

39.519,00

 

Sales

2.447.772,00

 

 

 

Comparatives

 

 

 

31-12-2007

31-12-2008

31-12-2009

Net Sales

3.508.249,00

2.588.473,00

2.447.772,00

Net Income For the Year

125.486,00

56.788,00

31.802,00

Current Assets

590.804,00

674.852,00

671.433,00

Short Term Payables

389.442,00

422.572,00

368.247,00

Cash Flow

201.362,00

252.280,00

303.186,00

Total Assets

636.124,00

726.280,00

703.521,00

Total Liabilities

396.867,00

430.235,00

375.672,00

Shareholders Funds

239.258,00

296.046,00

327.849,00

Personnel Costs

30.286,00

40.715,00

39.519,00

 

 

Ratios

 

 

 

31-12-2007

31-12-2008

31-12-2009

FINANCIAL SITUATION

 

 

 

General Liquidity

1,52

1,60

1,82

Immediate Liquidity

1,24

1,03

1,48

Financial Autonomy

0,38

0,41

0,47

Solvency

0,60

0,69

0,87

RENTABILITY

 

 

 

Sales Rentability

3,58 %

2,19 %

1,30 %

Sales Rate Increase

 

(26,22) %

(5,44) %

EFFICIÊNCY

 

 

 

Assets Turnover

5,52

3,56

3,48

 

 

Balance Sheet and Income Statement

 

Balance Sheet

CoinEURO

 

Date31-12-2009

 

 

 

Gross Assets

Depreciations / Provisions

Net Assets

 

Intangible Assets

 

Subtotal

976,00

831,00

145,00

 

Tangible Assets

 

Subtotal

93.404,00

61.461,00

31.943,00

 

Stocks

 

Subtotal

127.756,00

 

127.756,00

 

Short Term Receivable

 

Subtotal

534.048,00

4.488,00

529.560,00

 

Bank Deposits and Cash

 

Cash

2,00

 

2,00

Bank Deposites

13.593,00

 

13.593,00

Subtotal

13.595,00

 

13.595,00

 

Accruals and Deferrals

 

Deferred Cost

522,00

 

522,00

Subtotal

522,00

 

522,00

 

 

Total Assets

770.301,00

66.780,00

703.521,00

 

Shareholders Funds and Liabilities

Shareholders Funds

 

Capital

5.000,00

 

Treasury Stock:

 

 

Reserves :

 

 

Free

1.000,00

 

Net Retained

290.046,00

 

Net Income For the Year

31.802,00

 

Total

327.849,00

 

 

Short Term Payable

 

Bank Loans

50.000,00

 

Suppliers Fixed Asset

27.307,00

 

State and Other Public Bodies

13.465,00

 

Other Creditors

174.254,00

 

Trade Creditors

103.220,00

 

Subtotal

368.247,00

 

 

Accruals and Deferrals

 

Accrued Charges

7.425,00

 

Subtotal

7.425,00

 

 

TOTAL LIABILITIES

375.672,00

 

TOTAL LIABILITIES AND SHAREHOLDERS FUNDS

703.521,00

 

 

Income Statement

Costs and Losses

 

Cost of Materials Consumed and Goods Sold:

 

 

Subtotal

2.250.698,00

 

Outside Supplies and Services

77.460,00

 

Personnel Costs

 

 

Subtotal

39.519,00

 

Depreciation

20.456,00

 

Subtotal

20.456,00

 

Other Operating Costs

2.592,00

 

Int. and Similar Costs:

 

 

Subtotal

31.419,00

 

Ext. Costs and Losses

152,00

 

Taxation Over Income

12.013,00

 

Net Income For the Year

31.802,00

 

 

Income and Profits

 

Sales of :

 

 

Products

2.447.772,00

 

Subtotal

2.447.772,00

 

Trading Securities Income

 

 

Int. and Similar Costs

 

 

Other

17.708,00

 

Extra Income and Gains

632,00

 

Net Income For the Year

31.802,00

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.67

UK Pound

1

Rs.71.63

Euro

1

Rs.63.09

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.