MIRA INFORM REPORT
|
Report Date : |
18.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
FRIGOGES-IMPORTACAO E EXPORTACAO LDA |
|
|
|
|
Registered Office : |
Rua Julieta Ferrão, 12 - 4ºAndar - Escritório 405, District Lisboa, Postal
Code 1600-131-Lisboa |
|
|
|
|
Country : |
Portugal |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
25.07.1995 |
|
|
|
|
Com. Reg. No.: |
503465690 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Wholesale of frozen fish, crustaceans and molluscs |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment
Behaviour : |
Slow |
|
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 |
FRIGOGES-IMPORTACAO E EXPORTACAO LDA |
|
|
|
|
|
V.A.T. Number / NIF |
503465690 |
|
Address |
Rua Julieta Ferrão, 12 - 4ºAndar - Escritório 405 |
|
|
|
Locality |
LISBOA |
Postal Code |
1600-131-LISBOA |
|
Municipality |
LISBOA |
District |
LISBOA |
|
Telephone |
219154610 |
|
|
|
Fax |
219154619 |
|
|
|
E-Mail |
|
|
|
|
Web Site |
www.frigoges.com |
|
|
|
|
|
|
|
|
C.A.E.(Rev 3) |
46382- Wholesale of other
food products n.d |
|
|
|
All the amounts are express in Euros, otherwise you
will be advised |
Summary
|
Legal Form |
Private Limited Company |
|
|
|
Constitution |
25-07-1995 |
V.A.T. Number / NIF |
503465690 |
|
Employees |
3 |
Capital |
882.000,00 |
|
Sales in : 31-12-2009 |
756.535,00 |
Shareholders Funds in:
31-12-2009 |
310.279,00 |
|
Credit |
Caution |
|
|
|
Condition |
Unstable |
Tendency |
Stationary |
|
Financing |
Not Guaranteed |
Payments |
Slow |
|
Actual Condition |
In activity |
|
|
Management Bodies
|
MARIA CRISTINA RIBEIRO ANTUNES DA CUNHA OLIVEIRA RAMIRO |
Managing-Partner |
|
LUIS FILIPE CAMACHO DOS SANTOS OLIVEIRA RAMIRO |
Managing-Partner |
Banks and Financial Institutions
|
BANCO POPULAR PORTUGAL SA |
Visconde Valbom - Lisboa |
Historical
|
Registed on the Register Record
Office of Sintra with the Register Number 503465690 in 16-01-2007 |
|
Constitution celebrated
in 25-07-1995 published on Diário da República number 113 of 15-05-1996 |
|
To oblige the company it
is necessary 1 signatures |
Changes to Society
|
In 31-12-2010 on Portal
MJ of 12-01-2011 increase of capital |
|
|
|
|
In 30-12-1997 on Diário
da República number 51 of 02-03-1998 increase of capital |
|
|
In 12-12-1996 on Diário
da República number 72 of 26-03-1997 increase of capital |
|
|
on Diário da República number 113 of 15-05-1996 social change |
Capital
|
The Capital is 882.000,00 |
|
|
with the following
distribution |
|
MARIA CRISTINA RIBEIRO ANTUNES DA CUNHA OLIVEIRA RAMIRO |
275.000,00 |
31,179% |
|
LUIS FILIPE CAMACHO DOS SANTOS OLIVEIRA RAMIRO |
125.000,00 |
14,172% |
|
CUNHA & RAMIRO-SOCIEDADE IMOBILIARIA LDA |
482.000,00 |
54,649% |
Biographies
|
Name |
MARIA CRISTINA RIBEIRO ANTUNES DA CUNHA OLIVEIRA RAMIRO |
|
Function |
Managing-Partner |
|
Address |
Rua de Buenos Aires, 35 |
|
Locality |
LISBOA |
|
Civil State |
Judicial separated |
|
Consort |
Luis Filipe Camacho dos Santos Oliveira Ramiro |
|
Professional Connections |
The subject has
connections with the following company (ies) |
|
|
CUNHA &
RAMIRO-SOCIEDADE IMOBILIARIA LDA as Managing-Partner with a participation of
495.000,00 , in a capital of 1.000.000,00 . |
|
|
|
|
Name |
LUIS FILIPE CAMACHO DOS SANTOS OLIVEIRA RAMIRO |
|
Function |
Managing-Partner |
|
Address |
Urbanização Empreendimento Urbiportal - Edifício 7 |
|
Locality |
Sintra |
|
Civil State |
Judicial separated |
|
Consort |
Maria Cristina Ribeiro Antunes da Cunha Oliveira Ramiro |
|
Professional Connections |
The subject has
connections with the following company (ies) |
|
|
CUNHA &
RAMIRO-SOCIEDADE IMOBILIARIA LDA as Managing-Partner with a participation of 415.000,00
, in a capital of 1.000.000,00 . |
Shareholders / Partners Companies
|
NAME |
CUNHA & RAMIRO-SOCIEDADE IMOBILIARIA LDA |
|
Function |
Partner |
|
Address |
Urbanização Empreendimento Urbiportal - Edifício 7 |
|
Locality |
Sintra |
|
C.A.E. |
68100-Compra e venda de bens imobiliários |
Insurance
|
Company |
|
Victoria Seguros SA |
Activities
|
Line of Business |
Percentage |
|
Wholesale of frozen fish, crustaceans and molluscs |
100% |
|
Type of Clients |
Private Companies |
|
|
|
Sales Conditions |
Cash/credit |
|
|
|
Sales Area |
|
|
|
|
Country |
100% |
|
|
|
Imports from |
FINLAND, INDIA, NEW ZEALAND, THAILAND |
|
|
Trade Marks
|
Frigogés |
Employees
|
Total |
3 |
Head Office and Installations
|
Had head office Rua Julieta Ferrão, 12, 4º, escritório 404, LISBOA,
1600-131, LISBOA |
|
Had head office Empreendimento Urbiportral, edificio 7, Zona
Industrial da Abrunheira, Sintra, 2710-089, SINTRA |
|
Head office and installations Rua Julieta Ferrão, 12, 4º Andar -
Escritório 405, NOSSA SENHORA DE FATIMA, 1600-131, LISBOA, Tel:219154610,
Fax:219154619 |
Incidents
|
Legal Actions |
||
|
Date: 30-03-2010 |
Judicial District Comarca da Grande Lisboa-Noroeste-Juízos de Sintra |
|
|
Amount: 90.083,68 Euro |
Type: Executiva Comum |
|
|
Author: Banco Comercial Português, S.A. |
|
|
|
Process: 7890/10.7T2SNT |
|
|
|
|
||
|
Observations: Sintra - Juízo de Execução - Juiz 2 |
||
|
|
||
|
Business Concept |
|
Consulted sources say
that the subject is struggling with financial difficulties and has been delaying
its payments and commercial commitments, so the use of caution in credit
connections with this company is recommended. |
Financial Elements
|
|
31-12-2009 |
|
|
Tangible Assets |
499.889,00 |
|
|
Stocks |
701.828,00 |
|
|
Short Term Receivable |
631.545,00 |
|
|
Trading Securities |
26.250,00 |
|
|
Banks and Cash |
584.397,00 |
|
|
Accruals and Deferrals |
848,00 |
|
|
Total Assets |
2.444.757,00 |
|
|
Shareholder's Funds |
310.279,00 |
|
|
Short Term Payable |
2.115.462,00 |
|
|
Accruals and Deferrals |
19.017,00 |
|
|
Total Liabilities and
Shareholder's Funds |
2.444.758,00 |
|
|
Cost of Goods and
Consumable Materials |
593.798,00 |
|
|
Outside Supplies and
Services |
101.624,00 |
|
|
Personnel Costs |
134.032,00 |
|
|
Sales |
756.535,00 |
|
|
Supplementary Income |
4.875,00 |
|
Comparatives
|
|
31-12-2007 |
31-12-2008 |
31-12-2009 |
|
Net Sales |
2.643.166,00 |
1.682.267,00 |
756.535,00 |
|
Net Income For the Year |
17.206,00 |
14.311,00 |
(285.697,00) |
|
Current Assets |
2.037.524,00 |
1.888.153,00 |
1.944.868,00 |
|
Short Term Payables |
2.166.162,00 |
1.903.349,00 |
2.115.462,00 |
|
Cash Flow |
(128.638,00) |
(15.196,00) |
(170.594,00) |
|
Total Assets |
2.765.121,00 |
2.518.617,00 |
2.444.757,00 |
|
Total Liabilities |
2.183.456,00 |
1.922.642,00 |
2.134.479,00 |
|
Shareholders Funds |
581.664,00 |
595.975,00 |
310.279,00 |
|
Personnel Costs |
130.727,00 |
125.392,00 |
134.032,00 |
Ratios
|
|
31-12-2007 |
31-12-2008 |
31-12-2009 |
|
FINANCIAL SITUATION |
|
|
|
|
General Liquidity |
0,94 |
0,99 |
0,92 |
|
Immediate Liquidity |
0,54 |
0,52 |
0,59 |
|
Financial Autonomy |
0,21 |
0,24 |
0,13 |
|
Solvency |
0,27 |
0,31 |
0,15 |
|
RENTABILITY |
|
|
|
|
Sales Rentability |
0,65 % |
0,85 % |
(37,76) % |
|
Sales Rate Increase |
|
(36,35) % |
(55,03) % |
|
EFFICIÊNCY |
|
|
|
|
Assets Turnover |
0,96 |
0,67 |
0,31 |
Balance Sheet and Income Statement
|
Balance Sheet |
||
|
CoinEURO |
|
Date31-12-2009 |
|
|
||
|
|
Gross Assets |
Depreciations /
Provisions |
Net Assets |
|
Tangible Assets |
|
Subtotal |
1.298.660,00 |
798.771,00 |
499.889,00 |
|
Stocks |
|
Subtotal |
701.828,00 |
|
701.828,00 |
|
Short
Term Receivable |
|
Subtotal |
644.782,00 |
13.237,00 |
631.545,00 |
|
Trading
Securities |
|
Subtotal |
26.250,00 |
|
26.250,00 |
|
Bank
Deposits and Cash |
|
Cash |
2.412,00 |
|
2.412,00 |
|
Bank Deposites |
581.985,00 |
|
581.985,00 |
|
Subtotal |
584.397,00 |
|
584.397,00 |
|
Accruals
and Deferrals |
|
Deferred Cost |
848,00 |
|
848,00 |
|
Subtotal |
848,00 |
|
848,00 |
|
|
|
Total Assets |
3.256.765,00 |
812.008,00 |
2.444.757,00 |
|
Shareholders
Funds and Liabilities |
|
Shareholders Funds |
|
Capital |
500.000,00 |
|
|
Treasury Stock: |
|
|
|
Reserves : |
|
|
|
Free |
23.269,00 |
|
|
Net Retained |
72.706,00 |
|
|
Net Income For the Year |
(285.697,00) |
|
|
Total |
310.279,00 |
|
|
Short
Term Payable |
|
Bank Loans |
1.026.834,00 |
|
|
Supliers Fixed Asset |
147.160,00 |
|
|
State and Other Public
Bodies |
49.583,00 |
|
|
Other Creditors |
224.471,00 |
|
|
Trade Creditors |
667.415,00 |
|
|
Subtotal |
2.115.462,00 |
|
|
Accruals
and Deferrals |
|
Accrued Charges |
19.017,00 |
|
|
Subtotal |
19.017,00 |
|
|
TOTAL LIABILITIES |
2.134.479,00 |
|
|
TOTAL LIABILITIES AND
SHAREHOLDERS FUNDS |
2.444.758,00 |
|
|
Income
Statement |
|
Costs
and Losses |
|
Cost of Materials Consumed
and Goods Sold: |
|
|
|
Subtotal |
593.798,00 |
|
|
Outside Supplies and
Services |
101.624,00 |
|
|
Personnel Costs |
|
|
|
Subtotal |
134.032,00 |
|
|
Depreciation |
130.575,00 |
|
|
Subtotal |
130.575,00 |
|
|
Other Operating Costs |
6.780,00 |
|
|
Int. and Similar Costs: |
|
|
|
Subtotal |
82.795,00 |
|
|
Ext. Costs and Losses |
1.390,00 |
|
|
Taxation Over Income |
2.705,00 |
|
|
Net Income For the Year |
(285.697,00) |
|
|
Income
and Profits |
|
Sales of : |
|
|
|
Products |
738.486,00 |
|
|
Services Provided |
18.049,00 |
|
|
Subtotal |
756.535,00 |
|
|
Supplementary Income |
4.875,00 |
|
|
Subtotal |
4.875,00 |
|
|
Trading Securities Income
|
|
|
|
Int. and Similar Costs |
|
|
|
Other |
6.593,00 |
|
|
Net Income For the Year |
(285.697,00) |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.07 |
|
UK Pound |
1 |
Rs.63.57 |
|
Euro |
1 |
Rs.72.97 |
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.