MIRA
INFORM REPORT
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Report Date : |
25.05.2011 |
IDENTIFICATION DETAILS
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Name : |
CERISOL-ISOLADORES CERAMICOS SA |
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Registered Office : |
Rua 28 De Janeiro, 350 Candal |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
30.06.2004 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Trade of Electrical
Insulators of Low, Medium and High Voltage. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
49.880,00 |
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Status : |
Moderate |
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Payment Behaviour : |
No complaints |
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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 – March 31st, 2010
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Idenhtification
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Name |
CERISOL-ISOLADORES CERAMICOS SA |
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V.A.T. Number / NIF |
507019660 |
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Address |
Rua 28 de Janeiro, 350 |
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Locality |
CANDAL |
Postal Code |
4400-335-VILA NOVA DE GAIA |
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Municipality |
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District |
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Telephone |
223772450 |
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Fax |
223758556 |
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E-Mail |
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Web Site |
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C.A.E.(Rev 3) |
23430- Manufacture of
insulators and pieces of ceramics insulating |
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The classification of economic activities used is
CAE Revision 3, adopted on 14 November 2007, which came to replace CAE
Revision 2.1 |
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All the amounts are express in Euros, otherwise you
will be advised |
Summary
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Legal Form |
Joint Stock Company |
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Constitution |
30-06-2004 |
V.A.T. Number / NIF |
507019660 |
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Employees |
146 |
Capital |
1.317.000,00 |
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Sales in : 31-12-2009 |
9.407.534,00 |
Shareholders Funds in:
31-12-2009 |
3.240.663,00 |
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Credit |
Recommended |
Credit Limit |
49.880,00 |
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Condition |
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Tendency |
Stationary |
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Financing |
Guaranteed |
Payments |
Good |
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Actual Condition |
In activity |
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Governing Bodies
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Board of Director's |
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MIGUEL DE CALCA E PINA |
Administrator |
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MANUEL DE CARVALHO LOPES ALVES |
Board of Director's
President |
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VITOR MANUEL SAMPAIO DE CARVALHO |
Administrator |
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CARLOS DE OTTO ROMEO |
Administrator |
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Fiscal Board |
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BDO & ASSOCIADOS SOCIEDADE DE REVISORES OFICIAIS DE CONTAS LDA |
Unique Fiscal |
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NUNO MIGUEL LOUREIRO MARQUES VASCONCELOS MAGINA |
Fiscal Board Substitute |
Banks and Financial Institutions
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MILLENNIUM BCP |
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Historical
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Registed on the Register
Record Office of |
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Constitution celebrated
in 30-06-2004 published on Diário da República number 50 of 11-03-2005 |
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To oblige the company it
is necessary 2 signature |
Changes to Society
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In 09-05-2008 on Portal
MJ of 12-06-2008 board of director's change |
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In 29-12-2005 on Portal
MJ of 12-04-2006 merge project |
Capital
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The Capital is
1.317.000,00 , divided in 1317000 shares , with a nominal value of 1,00 |
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Special Information
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Event |
General Description |
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Merge |
On 27 October 2006 merger by absorption through the global transfer of
the assets of the firm Cerisola-Ceramic Insulators SA, the owner and the
consequent change of name of Euroinsulators-Electric SA Insulators, Ceramic
Insulators for Cerisola-SA. |
Activities
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|
Line of Business |
Percentage |
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Industry and trade of
electrical insulators of low, medium and high voltage |
100% |
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Type of Clients |
Private Companies |
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Sales Conditions |
Credit |
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Exports to |
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Trade Marks
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Cerisol |
Employees
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Total |
146 |
Head Office and Installations
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Head office and installations Rua 28 de Janeiro, 350, CANDAL,
4400-335, |
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Had head office Avenida da Liberdade, 249-1º, LISBOA, 1250-143, LISBOA |
Incidents
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There are no of incidents
on our database |
Business Concept
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Consulted sources say
that the subject has been respecting its payments and commercial commitments,
so credit connections with this company are recommended. |
Financial
Elements
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31-12-2009 |
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Intangible Assets |
1.852.170,00 |
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Tangible Assets |
3.805.857,00 |
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Investments |
1.995,00 |
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Stocks |
2.015.655,00 |
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Short Term Receivable |
2.753.402,00 |
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Trading Securities |
7.500,00 |
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Banks and Cash |
425.250,00 |
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Accruals and Deferrals |
599.858,00 |
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Total Assets |
11.461.687,00 |
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Shareholder's Funds |
3.240.663,00 |
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Medium and Long Term
Payable |
1.499.999,00 |
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Short Term Payable |
5.383.694,00 |
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Accruals and Deferrals |
1.337.333,00 |
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Total Liabilities and
Shareholder's Funds |
11.461.689,00 |
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Cost of Goods and
Consumable Materials |
3.155.932,00 |
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Outside Supplies and
Services |
2.272.170,00 |
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Personnel Costs |
3.254.438,00 |
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Sales |
9.407.534,00 |
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Supplementary Income |
5.284,00 |
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Comparatives
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31-12-2007 |
31-12-2008 |
31-12-2009 |
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Net Sales |
10.895.874,00 |
10.817.868,00 |
9.407.534,00 |
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Net Income For the Year |
63.718,00 |
(126.087,00) |
(659.278,00) |
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Current Assets |
5.784.933,00 |
5.143.729,00 |
5.801.665,00 |
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Short Term Payables |
5.412.075,00 |
4.738.025,00 |
5.383.694,00 |
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Cash Flow |
372.858,00 |
405.704,00 |
417.971,00 |
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Total Assets |
13.461.468,00 |
11.833.288,00 |
11.461.687,00 |
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Total Liabilities |
10.085.441,00 |
7.933.347,00 |
8.221.026,00 |
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Shareholders Funds |
3.376.028,00 |
3.899.941,00 |
3.240.663,00 |
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Personnel Costs |
3.297.962,00 |
3.409.034,00 |
3.254.438,00 |
Ratios
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31-12-2007 |
31-12-2008 |
31-12-2009 |
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FINANCIAL SITUATION |
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General Liquidity |
1,07 |
1,09 |
1,08 |
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Immediate Liquidity |
0,80 |
0,72 |
0,70 |
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Financial Autonomy |
0,25 |
0,33 |
0,28 |
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Solvency |
0,33 |
0,49 |
0,39 |
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RENTABILITY |
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Sales Rentability |
0,58 % |
(1,17) % |
(7,01) % |
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Sales Rate Increase |
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(0,72) % |
(13,04) % |
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EFFICIÊNCY |
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Assets Turnover |
0,81 |
0,91 |
0,82 |
Balance Sheet and Income Statement
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Balance Sheet |
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CoinEURO |
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Date31-12-2009 |
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Gross Assets |
Depreciations /
Provisions |
Net Assets |
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Intangible Assets |
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Subtotal |
4.629.120,00 |
2.776.950,00 |
1.852.170,00 |
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Tangible Assets |
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Subtotal |
13.650.086,00 |
9.844.229,00 |
3.805.857,00 |
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Financial
Investments |
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Subtotal |
1.995,00 |
|
1.995,00 |
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Stocks |
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Subtotal |
2.041.349,00 |
25.694,00 |
2.015.655,00 |
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Short
Term Receivable |
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Subtotal |
2.760.876,00 |
7.474,00 |
2.753.402,00 |
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Trading
Securities |
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Subtotal |
7.500,00 |
|
7.500,00 |
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Bank
Deposits and Cash |
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Cash |
1.659,00 |
|
1.659,00 |
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Bank Deposites |
423.591,00 |
|
423.591,00 |
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Subtotal |
425.250,00 |
|
425.250,00 |
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Accruals
and Deferrals |
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Deferred Cost |
599.858,00 |
|
599.858,00 |
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Subtotal |
599.858,00 |
|
599.858,00 |
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Total Assets |
24.116.034,00 |
12.654.347,00 |
11.461.687,00 |
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Shareholders
Funds and Liabilities |
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Shareholders Funds |
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Capital |
1.317.000,00 |
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Treasury Stock: |
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Other Sup. |
3.283.001,00 |
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Reserves : |
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Legal |
1.898.378,00 |
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Free |
3.186,00 |
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Net Retained |
(2.601.625,00) |
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Net Income For the Year |
(659.278,00) |
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Total |
3.240.663,00 |
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Short
Term Payable |
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Bank Loans |
3.539.323,00 |
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Advance For Clients |
36.993,00 |
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Supliers Fixed Asset |
80.427,00 |
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State and Other Public
Bodies |
171.463,00 |
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Other Creditors |
31.908,00 |
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Trade Creditors |
1.011.766,00 |
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Trade Notes Payable |
511.814,00 |
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Subtotal |
5.383.694,00 |
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Medium
and Long Term Payable |
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Bank Loans |
1.250.000,00 |
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Shareholders |
249.999,00 |
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Subtotal |
1.499.999,00 |
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Accruals
and Deferrals |
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Accrued Charges |
738.489,00 |
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Diferred Income |
598.844,00 |
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Subtotal |
1.337.333,00 |
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TOTAL LIABILITIES |
8.221.026,00 |
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TOTAL LIABILITIES AND
SHAREHOLDERS FUNDS |
11.461.689,00 |
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Income
Statement |
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Costs
and Losses |
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Cost of Materials
Consumed and Goods Sold: |
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Subtotal |
3.155.932,00 |
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Outside Supplies and
Services |
2.272.170,00 |
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Personnel Costs |
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Subtotal |
3.254.438,00 |
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Depreciation |
1.183.623,00 |
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Provisions |
1.041,00 |
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Subtotal |
1.184.664,00 |
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Other Operating Costs |
40.144,00 |
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Int. and Similar Costs: |
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Subtotal |
385.729,00 |
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Ext. Costs and Losses |
3.292,00 |
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Taxation Over Income |
8.553,00 |
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Net Income For the Year |
(659.278,00) |
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Income
and Profits |
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Sales of : |
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Products |
9.405.714,00 |
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Services Provided |
1.820,00 |
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Subtotal |
9.407.534,00 |
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Variation in Production |
186.065,00 |
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Supplementary Income |
5.284,00 |
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Other Operating Income
and Gains |
4.473,00 |
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Subtotal |
9.757,00 |
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Trading Securities Income
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Int. and Similar Costs |
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Other |
5.710,00 |
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Extra Income and Gains |
19.472,00 |
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Net Income For the Year |
(659.278,00) |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.25 |
|
|
1 |
Rs.72.82 |
|
Euro |
1 |
Rs.63.58 |
RATING EXPLANATIONS
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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 |
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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 |
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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 |
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-- |
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.