MIRA INFORM REPORT
|
Report Date : |
04.05.2011 |
IDENTIFICATION DETAILS
|
Correct Name : |
RISATEL-SOCIEDADE COMERCIAL DE FIOS TEXTEIS
LDA |
|
|
|
|
Registered Office : |
Rua Do Vilar, 675m Guimaraes, Postal Code 4835-256-Guimaraes, District
Braga |
|
|
|
|
Country : |
Portugal |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
21.11.1997 |
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|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Wholesale trade of textiles |
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 : |
49.880,00 Euros |
|
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) |
|
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 |
RISATEL-SOCIEDADE COMERCIAL DE FIOS TEXTEIS LDA |
|
|
|
|
|
V.A.T. Number / NIF |
504024477 |
|
Address |
Rua do Vilar, 675 |
|
|
|
Locality |
GUIMARAES |
Postal Code |
4835-256-GUIMARAES |
|
Municipality |
GUIMARAES |
District |
BRAGA |
|
Telephone |
253520730 |
|
|
|
Fax |
253520739 |
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|
|
E-Mail |
risatel@risatel.com |
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|
|
Web Site |
www.risatel.com |
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|
C.A.E.(Rev 3) |
46410- Wholesale trade of
textiles |
|
|
All the amounts are express in Euros, otherwise
you will be advised
Summary
|
Legal Form |
Private Limited Company |
|
|
|
Constitution |
21-11-1997 |
V.A.T. Number / NIF |
504024477 |
|
Employees |
24 |
Capital |
3.000.000,00 |
|
Sales in : 31-12-2009 |
29.228.480,00 |
Shareholders Funds in:
31-12-2009 |
3.723.860,00 |
|
Credit |
Recommended |
Credit Limit |
49.880,00 |
|
Condition |
Normal |
Tendency |
Stationary |
|
Financing |
Guaranteed |
Payments |
Good |
|
Actual Condition |
In activity |
|
|
Management Bodies
|
VITOR VALDEMAR TEIXEIRA RIBEIRO |
Managing-Partner |
|
MARIA ALEXANDRA PINHEIRO JORDAO SANTOALHA |
Managing-Partner |
Banks
and Financial Institutions
|
BANIF - BANCO INTERNACIONAL DO FUNCHAL, SA |
Centro de Empresas de Guimarăes |
|
BPN - BANCO PORTUGUES DE NEGOCIOS, SA |
Centro de Empresas de Guimarăes |
|
CAIXA GERAL DE DEPOSITOS, SA |
Guimarăes |
|
BARCLAYS BANK, PLC |
Guimarăes |
Historical
|
Registered on the
Register Record Office of Guimaraes with the Register Number 504024477
previous number 5738 in 21-11-1997 |
|
Constitution celebrated
in 21-11-1997 published on Diário da República number 18 of 22-01-1998 |
|
To oblige the company it
is necessary 1 signatures |
Changes
to Society
|
|
|
Capital
|
The Capital is
3.000.000,00 |
|
|
with the following
distribution |
|
VITOR VALDEMAR TEIXEIRA RIBEIRO |
1.500.000,00 |
50% |
|
MARIA ALEXANDRA PINHEIRO JORDAO SANTOALHA |
1.500.000,00 |
50% |
Biographies
|
Name |
VITOR VALDEMAR TEIXEIRA RIBEIRO |
|
Function |
Managing-Partner |
|
Address |
Rua Dr.José Sampaio, 761 |
|
Locality |
GUIMARAES |
|
Naturality |
Costa-Guimarăes |
|
Civil State |
Married |
|
Consort |
Lúcia de Fátima de Freitas Ribeiro |
|
Professional Connections |
The subject has
connections with the following company (ies) |
|
|
RISAFO-COMERCIO E
INVESTIMENTOS SA as Board of Director's President . |
|
|
MULTIFIBRAS-COMERCIO E
IMPORTACAO DE FIOS LDA as Managing-Partner with a participation of 49.879,79
, in a capital of 99.759,58 . |
|
|
FIBRATEL-COMERCIO DE
TEXTEIS LDA as Managing-Partner with a participation of 25.000,00 , in a
capital of 50.000,00 . |
|
|
LETASIR-IMOBILIARIA LDA
as Partner with a participation of 100.000,00 , in a capital of 200.000,00 . |
|
|
|
|
Name |
MARIA ALEXANDRA PINHEIRO JORDAO SANTOALHA |
|
Function |
Managing-Partner |
|
Address |
Avenida de Londres, Bloco
4 - 5.º Esq. |
|
Locality |
GUIMARAES |
|
Civil State |
Married |
|
Consort |
Joăo Nuno da Cunha Guimarăes Santoalha |
|
Professional Connections |
The subject has
connections with the following company (ies) |
|
|
LETASIR-IMOBILIARIA LDA as Manager . |
Insurance
|
Company |
|
Companhia Seguros Allianz Portugal SA |
Activities
|
Line of Business |
Percentage |
|
Wholesale of textiles (yarn) |
100% |
|
Type of Clients |
Industries/Private
Companies |
|
|
|
Sales Conditions |
Credit |
|
|
|
Sales Area |
|
|
|
|
Country |
90% |
Foreign |
10% |
|
Imports from |
INDIA,PAQUISTĂO |
|
|
|
Exports |
10% |
to |
GERMANY, BELGIUM, BRAZIL, DENMARK, SPAIN, FINLAND, FRANCE,
NETHERLANDS, IRELAND, LUXEMBOURG, UNITED KINGDOM,
SWITZERLAND, SWEDEN |
Employees
|
Total |
24 |
Head
Office and Installations
|
Head office and office Rua do Vilar, 675, GUIMARAES, 4835-256,
GUIMARAES, Tel:253520730, Fax:253520739 |
|
Had head office Avenida D. Afonso Henriques, 228, URGEZES, 4810,
GUIMARAES |
Incidents
Legal Actions
|
Date: 25-07-2006 |
Judicial District Guimarăes |
|
|
Amount: 14.963,95 Euro |
Type: Ordinária |
|
|
Author: Luis Neto Mota |
|
|
|
Process: 533/06.5TCGMR |
|
|
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 |
550.992,00 |
|
|
Investments |
200.000,00 |
|
|
Stocks |
4.892.722,00 |
|
|
Medium and Long Term
Receivable |
86.317,00 |
|
|
Short Term Receivable |
5.829.486,00 |
|
|
Trading Securities |
395.496,00 |
|
|
Banks and Cash |
327.064,00 |
|
|
Accruals and Deferrals |
28.352,00 |
|
|
Total Assets |
12.310.429,00 |
|
|
Shareholder's Funds |
3.723.860,00 |
|
|
Medium and Long Term
Payable |
1.457.186,00 |
|
|
Short Term Payable |
7.085.136,00 |
|
|
Accruals and Deferrals |
44.247,00 |
|
|
Total Liabilities and
Shareholder's Funds |
12.310.429,00 |
|
|
Cost of Goods and
Consumable Materials |
25.891.597,00 |
|
|
Outside Supplies and
Services |
1.434.916,00 |
|
|
Personnel Costs |
371.604,00 |
|
|
Sales |
29.228.480,00 |
|
Comparatives
|
|
31-12-2007 |
31-12-2008 |
31-12-2009 |
|
Net Sales |
25.028.827,00 |
25.951.739,00 |
29.228.480,00 |
|
Net Income For the Year |
87.567,00 |
100.009,00 |
394.800,00 |
|
Current Assets |
8.592.822,00 |
10.789.388,00 |
11.473.120,00 |
|
Short Term Payables |
6.629.640,00 |
8.696.901,00 |
7.085.136,00 |
|
Cash Flow |
1.963.182,00 |
2.092.487,00 |
4.387.984,00 |
|
Total Assets |
9.403.115,00 |
11.741.363,00 |
12.310.429,00 |
|
Total Liabilities |
6.661.920,00 |
8.900.160,00 |
8.586.569,00 |
|
Shareholders Funds |
2.741.195,00 |
2.841.203,00 |
3.723.860,00 |
|
Personnel Costs |
240.912,00 |
320.969,00 |
371.604,00 |
Ratios
|
|
31-12-2007 |
31-12-2008 |
31-12-2009 |
|
FINANCIAL SITUATION |
|
|
|
|
General Liquidity |
1,30 |
1,24 |
1,62 |
|
Immediate Liquidity |
0,71 |
0,64 |
0,93 |
|
Financial Autonomy |
0,29 |
0,24 |
0,30 |
|
Solvency |
0,41 |
0,32 |
0,43 |
|
RENTABILITY |
|
|
|
|
Sales Rentability |
0,35 % |
0,39 % |
1,35 % |
|
Sales Rate Increase |
|
3,69 % |
12,63 % |
|
EFFICIÊNCY |
|
|
|
|
Assets Turnover |
2,66 |
2,21 |
2,37 |
Balance
Sheet and Income Statement
|
Balance Sheet |
||
|
CoinEURO |
|
Date31-12-2009 |
|
|
||
|
|
Gross Assets |
Depreciations /
Provisions |
Net Assets |
|
Tangible Assets |
|
Subtotal |
1.508.038,00 |
957.046,00 |
550.992,00 |
|
Financial
Investments |
|
Subtotal |
200.000,00 |
|
200.000,00 |
|
Stocks |
|
Subtotal |
4.892.722,00 |
|
4.892.722,00 |
|
Medium
and Long Term Receivable |
|
Subtotal |
688.557,00 |
(602.240,00) |
86.317,00 |
|
Short
Term Receivable |
|
Subtotal |
5.829.486,00 |
|
5.829.486,00 |
|
Trading
Securities |
|
Subtotal |
395.496,00 |
|
395.496,00 |
|
Bank
Deposits and Cash |
|
Cash |
5.281,00 |
|
5.281,00 |
|
Bank Deposites |
321.783,00 |
|
321.783,00 |
|
Subtotal |
327.064,00 |
|
327.064,00 |
|
Accruals
and Deferrals |
|
Deferred Cost |
28.352,00 |
|
28.352,00 |
|
Subtotal |
28.352,00 |
|
28.352,00 |
|
|
|
Total Assets |
13.869.715,00 |
1.559.286,00 |
12.310.429,00 |
|
Shareholders
Funds and Liabilities |
|
Shareholders Funds |
|
Capital |
3.000.000,00 |
|
|
Treasury Stock: |
|
|
|
Reserves : |
|
|
|
Free |
541.925,00 |
|
|
Net Retained |
(212.865,00) |
|
|
Net Income For the Year |
394.800,00 |
|
|
Total |
3.723.860,00 |
|
|
Short
Term Payable |
|
Bank Loans |
3.060.228,00 |
|
|
Advance For Clients |
570.000,00 |
|
|
Supliers Fixed Asset |
93.358,00 |
|
|
State and Other Public
Bodies |
531.069,00 |
|
|
Other Creditors |
347.469,00 |
|
|
Trade Creditors |
2.452.925,00 |
|
|
Shareholders |
30.086,00 |
|
|
Subtotal |
7.085.136,00 |
|
|
Medium
and Long Term Payable |
|
Bank Loans |
1.379.201,00 |
|
|
Adv. For Clients |
77.984,00 |
|
|
Subtotal |
1.457.186,00 |
|
|
Accruals
and Deferrals |
|
Accrued Charges |
44.247,00 |
|
|
Subtotal |
44.247,00 |
|
|
TOTAL LIABILITIES |
8.586.569,00 |
|
|
TOTAL LIABILITIES AND
SHAREHOLDERS FUNDS |
12.310.429,00 |
|
|
Income
Statement |
|
Costs
and Losses |
|
Cost of Materials
Consumed and Goods Sold: |
|
|
|
Subtotal |
25.891.597,00 |
|
|
Outside Supplies and
Services |
1.434.916,00 |
|
|
Personnel Costs |
|
|
|
Subtotal |
371.604,00 |
|
|
Depreciation |
157.576,00 |
|
|
Provisions |
154.227,00 |
|
|
Subtotal |
311.803,00 |
|
|
Other Operating Costs |
103.231,00 |
|
|
Int. and Similar Costs: |
|
|
|
Subtotal |
1.222.115,00 |
|
|
Ext. Costs and Losses |
111.285,00 |
|
|
Taxation Over Income |
186.262,00 |
|
|
Net Income For the Year |
394.800,00 |
|
|
Income
and Profits |
|
Sales of : |
|
|
|
Products |
29.221.887,00 |
|
|
Services Provided |
6.593,00 |
|
|
Subtotal |
29.228.480,00 |
|
|
Variation in Production |
14.368,00 |
|
|
Trading Securities Income
|
|
|
|
Int. and Similar Costs |
|
|
|
Other |
710.034,00 |
|
|
Extra Income and Gains |
74.732,00 |
|
|
Net Income For the Year |
394.800,00 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.34 |
|
UK Pound |
1 |
Rs.73.70 |
|
Euro |
1 |
Rs.65.75 |
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.