MIRA
INFORM REPORT
|
Report Date : |
27.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
GRUPO-GEL-COMERCIO E INDUSTRIA DE PRODUTOS ALIMENTARES SA |
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Registered Office : |
Avenida Comandante Ferreira Matos, 682-1º Matosinhos |
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Country : |
Portugal |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
16.12.1986 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Trade in fresh and frozen
food products |
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 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, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Portugal |
A2 |
A2 |
|
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 |
Identification
|
Name |
GRUPO-GEL-COMERCIO E INDUSTRIA DE PRODUTOS ALIMENTARES SA |
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V.A.T. Number / NIF |
501847030 |
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Address |
Avenida Comandante
Ferreira Matos, 682-1º |
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Locality |
MATOSINHOS |
Postal Code |
4450-121-MATOSINHOS |
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Municipality |
MATOSINHOS |
District |
PORTO |
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Telephone |
229398340 |
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Fax |
229398349 |
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E-Mail |
grupo.gel@mail.telepac.pt |
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Web Site |
www.grupo-gel.com |
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C.A.E.(Rev 3) |
46381- Wholesale trade of
fish and shellfish |
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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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||
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Constitution |
16-12-1986 |
V.A.T. Number / NIF |
501847030 |
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Capital |
2.700.000,00 |
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Sales in : 31-12-2009 |
18.416.495,00 |
Shareholders Funds in:
31-12-2009 |
3.290.826,00 |
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|
Credit |
Recommended |
Credit Limit |
49.880,00 |
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|
Condition |
Normal |
Tendency |
Stationary |
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Financing |
Not Determined |
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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|
MANUEL JOSE FRANCO CARVALHO |
Shareholder and Board of
Director's Pres. |
|
SILVIA ALEXANDRA ROSA CARVALHO |
Board of Director's Member
|
|
ARMANDO JOSE DA SILVA PIMENTA |
Shareholder and
Administrator |
Banks and Financial Institutions
|
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BANCO BILBAO VIZCAYA ARGENTARIA (PORTUGAL), SA |
Matosinhos |
|
MILLENNIUM BCP |
Porto - Centro de Empresas IV |
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BANIF - BANCO INTERNACIONAL DO FUNCHAL, SA |
Matosinhos |
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BANCO BPI, SA |
Matosinhos |
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BANCO ESPIRITO SANTO, SA |
Matosinhos |
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CAIXA GERAL DE DEPOSITOS, SA |
Matosinhos |
Historical
|
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Registed on the Register Record Office of Porto in 3ª. Secçăo with the Register Number 501847030 previous number
43254 in 22-12-1986 |
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Constitution celebrated
in 16-12-1986 published on Diário da República number 36 of
12-12-1987 |
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To oblige the company it is
necessary 2 signature |
Changes to Society
|
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In 05-06-2008 on Portal
MJ of 05-06-2008 board of director's change |
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In 04-01-2007 on Portal MJ
of 04-01-2007 board of director's change |
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In 05-02-2001 on Diário da República
number 198 of 27-08-2001 board of director's change |
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In 26-02-1997 on Diário da República
number 151 of 03-07-1997 board of director's change |
Capital
|
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The Capital is
2.700.000,00 , divided in 540000 shares , with a nominal value of 5,00 |
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with the following
shareholders |
|
LAURENTINO SILVA LOURENCO |
119.880,00 |
4,44% |
|
GRUPO-GEL-COMERCIO E INDUSTRIA DE PRODUTOS ALIMENTARES SA |
98.280,00 |
3,64% |
|
MANUEL JOSE FRANCO CARVALHO |
472.500,00 |
17,5% |
|
ANTONIO MANUEL FERNANDES MARTINS |
360.180,00 |
13,34% |
|
FERNANDO M.SOARES & FILHOS SA |
184.140,00 |
6,82% |
|
ANTONIO MENDES TORRADO |
220.050,00 |
8,15% |
|
SANDRA SALOME ROSA CARVALHO |
196.290,00 |
7,27% |
|
JOSE CORREIA PIMENTA |
183.870,00 |
6,81% |
|
ANTONIO ALMEIDA MENDES |
98.280,00 |
3,64% |
|
ARMANDO JOSE DA SILVA PIMENTA |
98.280,00 |
3,64% |
Shareholders / Partners Companies
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NAME |
GRUPO-GEL-COMERCIO E INDUSTRIA DE PRODUTOS ALIMENTARES SA |
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Funtion |
Shareholder |
|
Address |
Avenida Comandante
Ferreira Matos, 682-1º |
|
Locality |
MATOSINHOS |
|
Telephone |
229398340 |
|
Fax |
229398349 |
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E-Mail |
grupo.gel@mail.telepac.pt |
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C.A.E. |
46381- Wholesale of fish, crustaceans and molluscs |
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|
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NAME |
FERNANDO M.SOARES & FILHOS SA |
|
Funtion |
Shareholder |
|
Address |
Rua Herois Da França, 397 |
|
Locality |
MATOSINHOS |
|
Telephone |
229387722 |
|
Fax |
229375985 |
|
C.A.E. |
41100- Property
development (development of building projects) |
Insurance
|
|
Company |
|
Império Bonança Companhia de Seguros SA |
|
Tranquilidade Seguros SA |
Activities
|
|
Line of Business |
Percentage |
|
Trade in fresh and frozen
food products |
100% |
|
Type of Clients |
Retailers |
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Sales Conditions |
Credit |
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Imports from |
ESPANHA,JAPĂO,COREIA, REPUBLICA DA,REINO UNIDO |
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Exports to |
ESPANHA,JAPĂO |
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Trade Marks
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Grupo Gel |
Head Office and Installations
|
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Had installations Rua Herois
de França, 433, 1º, MATOSINHOS, 4450, MATOSINHOS |
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Had installations Rua Alfredo Cunha, 225, 1º, Sala 1,
MATOSINHOS, 4450, MATOSINHOS |
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Head office and office owned Avenida Comendador Ferreira Matos, 682, 1º, MATOSINHOS, 4450-121,
MATOSINHOS, Tel:229398340, Fax:229398348 |
Incidents
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|
Legal Actions |
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Date: 20-11-2006 |
Judicial District Maia |
1 Court |
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Amount: 1.020,62 Euro |
Type: Executiva Comum |
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Author: Público, Comunicaçăo
Social, S.A |
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Process: 33557/04.7YYLSB |
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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. |
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Participations |
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The subject participates
on the following company(ies) |
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NAME |
GRUPO-GEL-COMERCIO E INDUSTRIA DE PRODUTOS ALIMENTARES SA |
|
Address |
Avenida Comandante
Ferreira Matos, 682-1º |
|
Locality |
MATOSINHOS |
|
Telephone |
229398340 |
|
Fax |
229398349 |
|
E-Mail |
grupo.gel@mail.telepac.pt |
|
Web Site |
www.grupo-gel.com |
|
C.A.E. |
46381- Wholesale trade of
fish and shellfish |
|
Capital |
2.700.000,00 |
|
Participation |
3,64% |
Financial
Elements
|
|
|
31-12-2009 |
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Tangible Assets |
325.796,00 |
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Investments |
4.433.096,00 |
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Stocks |
572.573,00 |
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Short Term Receivable |
3.453.888,00 |
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Trading Securities |
5.010,00 |
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Banks and Cash |
103.458,00 |
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Accruals and Deferrals |
35.356,00 |
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Total Assets |
8.929.177,00 |
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Shareholder's Funds |
3.290.826,00 |
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Short Term Payable |
5.609.716,00 |
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Accruals and Deferrals |
28.636,00 |
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Total Liabilities and
Shareholder's Funds |
8.929.178,00 |
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Cost of Goods and
Consumable Materials |
17.899.054,00 |
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Outside Supplies and
Services |
271.722,00 |
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Personnel Costs |
128.676,00 |
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Sales |
18.416.495,00 |
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Supplementary Income |
10.553,00 |
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Comparatives
|
|
|
31-12-2007 |
31-12-2008 |
31-12-2009 |
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Net Sales |
26.847.080,00 |
24.751.019,00 |
18.416.495,00 |
|
Net Income For the Year |
9.078,00 |
16.693,00 |
91.035,00 |
|
Current Assets |
6.422.439,00 |
4.297.835,00 |
4.170.285,00 |
|
Short Term Payables |
6.929.055,00 |
5.259.100,00 |
5.609.716,00 |
|
Cash Flow |
(506.616,00) |
(961.265,00) |
(1.439.431,00) |
|
Total Assets |
10.155.776,00 |
8.497.631,00 |
8.929.177,00 |
|
Total Liabilities |
6.959.178,00 |
5.284.340,00 |
5.638.352,00 |
|
Shareholders Funds |
3.196.598,00 |
3.213.291,00 |
3.290.826,00 |
|
Personnel Costs |
181.059,00 |
121.611,00 |
128.676,00 |
Ratios
|
|
|
31-12-2007 |
31-12-2008 |
31-12-2009 |
|
FINANCIAL SITUATION |
|
|
|
|
General Liquidity |
0,93 |
0,82 |
0,74 |
|
Immediate Liquidity |
0,75 |
0,65 |
0,64 |
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Financial Autonomy |
0,31 |
0,38 |
0,37 |
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Solvency |
0,46 |
0,61 |
0,58 |
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RENTABILITY |
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Sales Rentability
|
0,03 % |
0,07 % |
0,49 % |
|
Sales Rate Increase |
|
(7,81) % |
(25,59) % |
|
EFFICIÊNCY |
|
|
|
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Assets Turnover |
2,64 |
2,91 |
2,06 |
Balance Sheet and Income Statement
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|
Balance Sheet |
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CoinEURO |
|
Date31-12-2009 |
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|
Gross Assets |
Depreciations /
Provisions |
Net Assets |
|
Tangible Assets |
|
Subtotal |
627.260,00 |
301.464,00 |
325.796,00 |
|
Financial
Investments |
|
Subtotal |
5.351.288,00 |
918.192,00 |
4.433.096,00 |
|
Stocks |
|
Subtotal |
584.810,00 |
12.237,00 |
572.573,00 |
|
Medium
and Long Term Receivable |
|
Subtotal |
85.639,00 |
(85.639,00) |
|
|
Short
Term Receivable |
|
Subtotal |
3.453.888,00 |
|
3.453.888,00 |
|
Trading
Securities |
|
Subtotal |
5.010,00 |
|
5.010,00 |
|
Bank
Deposits and Cash |
|
Cash |
1.592,00 |
|
1.592,00 |
|
Bank Deposites
|
101.866,00 |
|
101.866,00 |
|
Subtotal |
103.458,00 |
|
103.458,00 |
|
Accruals
and Deferrals |
|
Accrued Income |
30.356,00 |
|
30.356,00 |
|
Deferred Cost |
5.000,00 |
|
5.000,00 |
|
Subtotal |
35.356,00 |
|
35.356,00 |
|
|
|
Total Assets |
10.246.709,00 |
1.317.532,00 |
8.929.177,00 |
|
Shareholders
Funds and Liabilities |
|
Shareholders Funds |
|
Capital |
2.700.000,00 |
|
|
Treasury Stock: |
|
|
|
Reserves : |
|
|
|
Free |
499.791,00 |
|
|
Net Income For the Year |
91.035,00 |
|
|
Total |
3.290.826,00 |
|
|
Short
Term Payable |
|
Bank Loans |
3.460.984,00 |
|
|
State and Other Public
Bodies |
176.878,00 |
|
|
Trade Creditors |
1.971.854,00 |
|
|
Subtotal |
5.609.716,00 |
|
|
Accruals
and Deferrals |
|
Accrued Charges |
28.636,00 |
|
|
Subtotal |
28.636,00 |
|
|
TOTAL LIABILITIES |
5.638.352,00 |
|
|
TOTAL LIABILITIES AND
SHAREHOLDERS FUNDS |
8.929.178,00 |
|
|
Income
Statement |
|
Costs
and Losses |
|
Cost of Materials
Consumed and Goods Sold: |
|
|
|
Subtotal |
17.899.054,00 |
|
|
Outside Supplies and
Services |
271.722,00 |
|
|
Personnel Costs |
|
|
|
Subtotal |
128.676,00 |
|
|
Depreciation |
13.377,00 |
|
|
Provisions |
15.899,00 |
|
|
Subtotal |
29.276,00 |
|
|
Other Operating Costs |
23.963,00 |
|
|
Int. and Similar Costs: |
|
|
|
Subtotal |
114.262,00 |
|
|
Ext. Costs and Losses |
13.976,00 |
|
|
Taxation Over Income |
40.435,00 |
|
|
Net Income For the Year |
91.035,00 |
|
|
Income
and Profits |
|
Sales of : |
|
|
|
Products |
18.416.495,00 |
|
|
Subtotal |
18.416.495,00 |
|
|
Supplementary Income |
10.553,00 |
|
|
Subtotal |
10.553,00 |
|
|
Trading Securities Income
|
|
|
|
Int. and Similar Costs |
|
|
|
Other |
151.271,00 |
|
|
Extra Income and Gains |
34.078,00 |
|
|
Net Income For the Year |
91.035,00 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.29 |
|
|
1 |
Rs.73.84 |
|
Euro |
1 |
Rs.64.18 |
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.