MIRA
INFORM REPORT
|
Report Date : |
03.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
TEIXEIRA DUARTE-TRADING SA |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
25.03.2009 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Import and Export Trade in
Food, Consumer Goods, Raw Materials, Materials, Equipment and Vehicles. |
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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No complaints |
|
|
|
|
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) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Identification
|
Name |
TEIXEIRA DUARTE-TRADING SA |
|
|
||
|
V.A.T. Number / NIF |
508925487 |
|
|||
|
Address |
|
|
|
||
|
Locality |
|
Postal Code |
2740-265-PORTO SALVO |
||
|
Municipality |
OEIRAS |
District |
LISBOA |
||
|
Telephone |
217912300 |
|
|
||
|
Fax |
217941120 |
|
|
||
|
E-Mail |
|
|
|||
|
Web Site |
|
|
|||
|
|
|
|
|
||
|
C.A.E.(Rev 3) |
46900- Non-specialized
wholesale trade |
|
|
||
|
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 |
Joint Stock Company |
|
|
|
Constitution |
25-03-2009 |
V.A.T. Number / NIF |
508925487 |
|
Capital |
5.000.000,00 |
|
|
|
Sales in : 31-12-2009 |
25.013.719,00 |
Shareholders Funds in:
31-12-2009 |
16.600.687,00 |
|
Credit |
Recommended |
Credit Limit |
62.350,00 |
|
Condition |
|
Tendency |
Stationary |
|
Financing |
Guaranteed |
Payments |
Good |
|
Actual Condition |
In activity |
|
|
Governing
Bodies
|
Board of Director's |
|
|
JOSE MARTINS ROVISCO |
Administrator |
|
|
Board of Director's
President |
|
ANTONIO BOURA |
Administrator |
|
|
|
|
Fiscal Board |
|
|
MARIQUITO,CORREIA & ASSOCIADOS-SROC |
Unique Fiscal |
|
JULIO ALVES,MARIO BAPTISTA & ASSOCIADOS-SROC |
Fiscal Board Substitute |
|
|
|
|
Chair of General Meeting |
|
|
MARIA FILIPA REBELO |
Chair of General Meeting
Secretary |
|
JOSE PEDRO POIARES COBRA FERREIRA |
Chair of General Meeting
President |
Banks
and Financial Institutions
|
MILLENNIUM BCP |
Lisboa |
Historical
|
Registed on the Register
Record Office of Cascais with the Register Number 508925487 in 25-03-2009 |
|
Constitution celebrated
in 25-03-2009 published on Portal MJ of 26-03-2009 |
|
To oblige the company it
is necessary 2 signature |
Changes
to Society
|
In 23-06-2010 on Portal
MJ of 06-07-2010 board of director's change |
|
|
In 15-06-2010 on Portal
MJ of 18-06-2010 social change |
|
|
Capital
|
The Capital is
5.000.000,00 , divided in 5000000 shares , with a nominal value of 1,00 |
|
|
with the following
shareholders |
|
TEDAL-SOCIEDADE GESTORA DE PARTICIPACOES SOCIAIS SA |
5.000.000,00 |
100% |
Shareholders
/ Partners Companies
|
NAME |
TEDAL-SOCIEDADE GESTORA DE PARTICIPACOES SOCIAIS SA |
|
Funtion |
Shareholder |
|
Address |
Lagoas Parque, Edifício 2 |
|
Locality |
|
|
Telephone |
217912300 |
|
Fax |
217941132 |
|
C.A.E. |
64202-Activities of holding
companies non-financial social |
Activities
|
Line of Business |
Percentage |
|
Import and export trade
in food, consumer
goods, raw materials, materials,
equipment and vehicles, including representation,
allocation and agency brands and products, as
well as the provision of
management services and advice in these areas
and participation in projects investment and development |
100% |
Head
Office and Installations
|
Head office and installations shared Lagoas Park, Edifício 1, PORTO
SALVO, 2740-265, PORTO SALVO, Tel:217912300, Fax:217941120 |
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 |
|
|
Short Term Receivable |
24.559.267,00 |
|
|
Banks and Cash |
669.862,00 |
|
|
Total Assets |
25.229.129,00 |
|
|
Shareholder's Funds |
16.600.687,00 |
|
|
Short Term Payable |
8.591.852,00 |
|
|
Accruals and Deferrals |
36.590,00 |
|
|
Total Liabilities and
Shareholder's Funds |
25.229.129,00 |
|
|
Cost of Goods and
Consumable Materials |
22.568.066,00 |
|
|
Outside Supplies and
Services |
241.306,00 |
|
|
Personnel Costs |
59.990,00 |
|
|
Sales |
25.013.719,00 |
|
|
Supplementary Income |
18.904,00 |
|
Comparatives
|
|
|
|
31-12-2009 |
|
Net Sales |
|
|
25.013.719,00 |
|
Net Income For the Year |
|
|
1.600.687,00 |
|
Current Assets |
|
|
25.229.129,00 |
|
Short Term Payables |
|
|
8.591.852,00 |
|
Cash Flow |
|
|
16.637.277,00 |
|
Total Assets |
|
|
25.229.129,00 |
|
Total Liabilities |
|
|
8.628.442,00 |
|
Shareholders Funds |
|
|
16.600.687,00 |
|
Personnel Costs |
|
|
59.990,00 |
Ratios
|
|
31-12-2007 |
31-12-2008 |
31-12-2009 |
|
FINANCIAL SITUATION |
|
|
|
|
General Liquidity |
|
|
2,94 |
|
Immediate Liquidity |
|
|
2,94 |
|
Financial Autonomy |
|
|
0,66 |
|
Solvency |
|
|
1,92 |
|
RENTABILITY |
|
|
|
|
Sales Rentability |
|
|
6,40 % |
|
EFFICIÊNCY |
|
|
|
|
Assets Turnover |
|
|
0,99 |
Balance
Sheet and Income Statement
|
Balance Sheet |
||
|
CoinEURO |
|
Date31-12-2009 |
|
|
||
|
|
Gross Assets |
Depreciations /
Provisions |
Net Assets |
|
Short
Term Receivable |
|
Subtotal |
24.559.267,00 |
|
24.559.267,00 |
|
Bank
Deposits and Cash |
|
Bank Deposites |
669.862,00 |
|
669.862,00 |
|
Subtotal |
669.862,00 |
|
669.862,00 |
|
|
|
Total Assets |
25.229.129,00 |
|
25.229.129,00 |
|
Shareholders
Funds and Liabilities |
|
Shareholders Funds |
|
Capital |
5.000.000,00 |
|
|
Treasury Stock: |
|
|
|
Other Sup. |
10.000.000,00 |
|
|
Reserves : |
|
|
|
Net Income For the Year |
1.600.687,00 |
|
|
Total |
16.600.687,00 |
|
|
Short
Term Payable |
|
Bank Loans |
194,00 |
|
|
Advance For Clients |
1.246.041,00 |
|
|
Trade Creditors |
6.771.118,00 |
|
|
Group Companies |
574.499,00 |
|
|
Subtotal |
8.591.852,00 |
|
|
Accruals
and Deferrals |
|
Accrued Charges |
36.590,00 |
|
|
Subtotal |
36.590,00 |
|
|
TOTAL LIABILITIES |
8.628.442,00 |
|
|
TOTAL LIABILITIES AND
SHAREHOLDERS FUNDS |
25.229.129,00 |
|
|
Income
Statement |
|
Costs
and Losses |
|
Cost of Materials
Consumed and Goods Sold: |
|
|
|
Subtotal |
22.568.066,00 |
|
|
Outside Supplies and
Services |
241.306,00 |
|
|
Personnel Costs |
|
|
|
Subtotal |
59.990,00 |
|
|
Other Operating Costs |
7.394,00 |
|
|
Int. and Similar Costs: |
|
|
|
Subtotal |
119.900,00 |
|
|
Taxation Over Income |
574.995,00 |
|
|
Net Income For the Year |
1.600.687,00 |
|
|
Income
and Profits |
|
Sales of : |
|
|
|
Products |
25.013.719,00 |
|
|
Subtotal |
25.013.719,00 |
|
|
Supplementary Income |
18.904,00 |
|
|
Subtotal |
18.904,00 |
|
|
Trading Securities Income
|
|
|
|
Int. and Similar Costs |
|
|
|
Other |
139.716,00 |
|
|
Net Income For the Year |
1.600.687,00 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.38 |
|
|
1 |
Rs.73.88 |
|
Euro |
1 |
Rs.65.83 |
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 Business |
-- |
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.