MIRA INFORM REPORT
|
Report Date : |
06.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
IMPORCICLO-COMERCIO DE ARTIGOS DE CICLISMO
LDA |
|
|
|
|
Registered Office : |
Zona Industrial De Barrô, Agueda, Postal Code 3750-353-Agueda,
Dsitrict Aveiro, Agueda |
|
|
|
|
Country : |
Portugal |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
29.01.2002 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Import, export and trade in articles of
clothing and cycling |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
Euros 12.470,00 |
|
Status : |
Moderate |
|
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 |
IMPORCICLO-COMERCIO DE ARTIGOS DE CICLISMO LDA |
|
|
|
|
|
V.A.T. Number / NIF |
505980800 |
|
Address |
Zona Industrial de Barrô |
|
|
|
Locality |
Agueda |
Postal Code |
3750-353-AGUEDA |
|
Municipality |
AGUEDA |
District |
AVEIRO |
|
Telephone |
234669262 |
|
|
|
Fax |
234669263 |
|
|
|
E-Mail |
imporciclo@clix.pt |
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|
|
|
|
|
|
|
C.A.E.(Rev 3) |
46493- Wholesale of toys,
games and sports articles |
|
|
|
All the amounts are express in Euros, otherwise you
will be advised |
Summary
|
Legal Form |
Private Limited Company |
|
|
|
Constitution |
29-01-2002 |
V.A.T. Number / NIF |
505980800 |
|
Employees |
2 |
Capital |
120.000,00 |
|
Sales in : 31-12-2009 |
818.861,00 |
Shareholders Funds in:
31-12-2009 |
191.190,00 |
|
Credit |
Recommended |
Credit Limit |
12.470,00 |
|
Condition |
Normal |
Tendency |
Stationary |
|
Financing |
Guaranteed |
Payments |
Good |
|
Actual Condition |
In activity |
|
|
Management Bodies
|
JOAO DUARTE NUNES DE OLIVEIRA |
Managing-Partner |
|
MARIA DE LURDES PIRES CANELAS |
Managing-Partner |
Banks and Financial Institutions
|
MILLENNIUM BCP |
Águeda |
|
BANCO POPULAR PORTUGAL SA |
Águeda |
|
CAIXA DE CREDITO AGRICOLA MUTUO |
Águeda |
Historical
|
Registed on the Register Record
Office of Agueda with the Register Number 505980800 previous number 2778 in
29-01-2002 |
|
Constitution celebrated
in 29-01-2002 published on Diário da República number 124 of 29-05-2002 |
|
To oblige the company it
is necessary 2 signature |
Changes to Society
|
In 16-07-2007 on Portal
MJ of 17-07-2007 increase of capital |
|
In 30-06-2006 on Portal
MJ of 07-07-2006 stocks cession and management change |
Capital
|
The Capital is 120.000,00 |
|
|
with the following distribution
|
|
JOAO DUARTE NUNES DE OLIVEIRA |
60.000,00 |
50% |
|
MARIA DE LURDES PIRES CANELAS |
60.000,00 |
50% |
Biographies
|
Name |
JOAO DUARTE NUNES DE OLIVEIRA |
|
Function |
Managing-Partner |
|
Address |
Rua Mendes dos Remédios, 115 - 2º Esq. |
|
Locality |
COIMBRA |
|
Civil State |
Married |
|
Consort |
Maria de Lurdes Pires Canelas |
|
Previous Connections |
Carried
out its activities as an Individual
Contractor |
|
|
|
|
Name |
MARIA DE LURDES PIRES CANELAS |
|
Function |
Managing-Partner |
|
Address |
Rua Mendes dos Remédios, 115 - 2º Esq. |
|
Locality |
COIMBRA |
|
Civil State |
Married |
|
Consort |
João Duarte Nunes de Oliveira |
|
Professional Connections |
The subject has
connections with the following company (ies) |
|
|
CANELAS.,MARIA DE LURDES PIRES as Individual Contractor . |
Activities
|
Line of Business |
Percentage |
|
Import, export and trade in articles of
clothing and cycling |
100% |
|
Type of Clients |
Retailers/Wholesalers |
|
|
|
Sales Conditions |
Cash/credit |
|
|
|
Sales Area |
|
|
|
|
Country |
100% |
|
|
|
Imports |
50% |
|
|
Employees
|
Total |
2 |
Head Office and Installations
|
Had head office Lugar das Almas da Areosa,
AGUADA DE CIMA, 3750-043, AGUADA DE CIMA |
|
Head office and installations Zona
Industrial de Barrô, Agueda, 3750-353, AGUEDA, Tel:234669262, Fax:234669263 |
Incidents
|
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 |
|
|
Tangible Assets |
24.265,00 |
|
|
Investments |
1.000,00 |
|
|
Stocks |
428.307,00 |
|
|
Short Term Receivable |
233.733,00 |
|
|
Banks and Cash |
8.741,00 |
|
|
Accruals and Deferrals |
931,00 |
|
|
Total Assets |
696.977,00 |
|
|
Shareholder's Funds |
191.190,00 |
|
|
Short Term Payable |
498.486,00 |
|
|
Accruals and Deferrals |
7.300,00 |
|
|
Total Liabilities and
Shareholder's Funds |
696.976,00 |
|
|
Cost of Goods and
Consumable Materials |
424.640,00 |
|
|
Outside Supplies and
Services |
91.044,00 |
|
|
Personnel Costs |
55.112,00 |
|
|
Sales |
818.861,00 |
|
Comparatives
|
|
|
31-12-2008 |
31-12-2009 |
|
Net Sales |
|
943.645,00 |
818.861,00 |
|
Net Income For the Year |
|
27.217,00 |
8.849,00 |
|
Current Assets |
|
680.164,00 |
671.712,00 |
|
Short Term Payables |
|
446.992,00 |
498.486,00 |
|
Cash Flow |
|
233.172,00 |
173.226,00 |
|
Total Assets |
|
707.589,00 |
696.977,00 |
|
Total Liabilities |
|
519.347,00 |
505.786,00 |
|
Shareholders Funds |
|
188.241,00 |
191.190,00 |
|
Personnel Costs |
|
77.176,00 |
55.112,00 |
Ratios
|
|
31-12-2007 |
31-12-2008 |
31-12-2009 |
|
FINANCIAL SITUATION |
|
|
|
|
General Liquidity |
|
1,52 |
1,35 |
|
Immediate Liquidity |
|
0,70 |
0,49 |
|
Financial Autonomy |
|
0,27 |
0,27 |
|
Solvency |
|
0,36 |
0,38 |
|
RENTABILITY |
|
|
|
|
Sales Rentability |
|
2,88 % |
1,08 % |
|
Sales Rate Increase |
|
|
(13,22) % |
|
EFFICIÊNCY |
|
|
|
|
Assets Turnover |
|
1,33 |
1,17 |
Balance Sheet and Income Statement
|
Balance Sheet |
||
|
CoinEURO |
|
Date31-12-2009 |
|
|
||
|
|
Gross Assets |
Depreciations /
Provisions |
Net Assets |
|
Tangible Assets |
|
Subtotal |
101.836,00 |
77.571,00 |
24.265,00 |
|
Financial
Investments |
|
Subtotal |
1.000,00 |
|
1.000,00 |
|
Stocks |
|
Subtotal |
428.307,00 |
|
428.307,00 |
|
Short
Term Receivable |
|
Subtotal |
421.053,00 |
187.320,00 |
233.733,00 |
|
Bank
Deposits and Cash |
|
Cash |
2.377,00 |
|
2.377,00 |
|
Bank Deposites |
6.364,00 |
|
6.364,00 |
|
Subtotal |
8.741,00 |
|
8.741,00 |
|
Accruals
and Deferrals |
|
Deferred Cost |
931,00 |
|
931,00 |
|
Subtotal |
931,00 |
|
931,00 |
|
|
|
Total Assets |
961.868,00 |
264.891,00 |
696.977,00 |
|
Shareholders
Funds and Liabilities |
|
Shareholders Funds |
|
Capital |
120.000,00 |
|
|
Treasury Stock: |
|
|
|
Reserves : |
|
|
|
Free |
62.341,00 |
|
|
Net Income For the Year |
8.849,00 |
|
|
Total |
191.190,00 |
|
|
Short
Term Payable |
|
Bank Loans |
132.921,00 |
|
|
Supliers Fixed Asset |
23.932,00 |
|
|
State and Other Public
Bodies |
14.331,00 |
|
|
Other Creditors |
112.633,00 |
|
|
Trade Creditors |
67.936,00 |
|
|
Shareholders |
16.732,00 |
|
|
Other Loans |
130.000,00 |
|
|
Subtotal |
498.486,00 |
|
|
Accruals
and Deferrals |
|
Accrued Charges |
7.300,00 |
|
|
Subtotal |
7.300,00 |
|
|
TOTAL LIABILITIES |
505.786,00 |
|
|
TOTAL LIABILITIES AND SHAREHOLDERS
FUNDS |
696.976,00 |
|
|
Income
Statement |
|
Costs
and Losses |
|
Cost of Materials
Consumed and Goods Sold: |
|
|
|
Subtotal |
424.640,00 |
|
|
Outside Supplies and
Services |
91.044,00 |
|
|
Personnel Costs |
|
|
|
Subtotal |
55.112,00 |
|
|
Depreciation |
15.277,00 |
|
|
Provisions |
170.684,00 |
|
|
Subtotal |
185.961,00 |
|
|
Other Operating Costs |
16.835,00 |
|
|
Int. and Similar Costs: |
|
|
|
Subtotal |
58.075,00 |
|
|
Ext. Costs and Losses |
48.088,00 |
|
|
Taxation Over Income |
5.534,00 |
|
|
Net Income For the Year |
8.849,00 |
|
|
Income
and Profits |
|
Sales of : |
|
|
|
Products |
818.634,00 |
|
|
Services Provided |
227,00 |
|
|
Subtotal |
818.861,00 |
|
|
Other Operating Income and
Gains |
26.372,00 |
|
|
Subtotal |
26.372,00 |
|
|
Trading Securities Income
|
|
|
|
Int. and Similar Costs |
|
|
|
Other |
45.105,00 |
|
|
Extra Income and Gains |
3.800,00 |
|
|
Net Income For the Year |
8.849,00 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.57 |
|
UK Pound |
1 |
Rs.73.58 |
|
Euro |
1 |
Rs.66.23 |
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.