MIRA INFORM REPORT

 

 

Report Date :

10.11.2011

 

IDENTIFICATION DETAILS

 

Name :

MACRO-FRIO - COMéRCIO INTERNACIONAL DE PRODUTOS ALIMENTARES, S.A.

 

 

Registered Office :

Ponte Nova Mondim Da Beira, 3610-054

 

 

Country :

Portugal

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

01.01.1992

 

 

Com. Reg. No.:

502691000

 

 

Legal Form :

Public Independent

 

 

Line of Business :

Wholesale of other food including fish, crustaceans and molluscs

 

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

 

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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Portugal

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name and address

 

Top of Form

Bottom of Form

Macro-Frio - Comércio Internacional De Produtos Alimentares, S.A.

                                                                                                                                                      

 

Ponte Nova

 

 

Mondim Da Beira, 3610-054

Portugal

 

Tel:

+351 254671000

Fax:

+351 254671009

 

Suggest Company URL

 

Employees:

33

Company Type:

Public Independent

 

 

Incorporation Date:

01-Jan-1992

Financials in:

 

 

 

Fiscal Year End:

31-Dec-2009

Reporting Currency:

Euro

Annual Sales:

13.9

Total Assets:

7.0

                                      

Business Description       

 

Macro-Frio - Comércio Internacional De Produtos Alimentares, S.A. is primarily engaged in wholesale of other food including fish, crustaceans and molluscs. This class also includes: wholesale of potato products; and wholesale of feed for pet animals.

 

Industry                                                                                                                               

 

Industry

Retail (Grocery)

ANZSIC 2006:

360 - Grocery, Liquor and Tobacco Product Wholesaling

NACE 2002:

5138 - Wholesale of other food including fish, crustaceans and molluscs

NAICS 2002:

424460 - Fish and Seafood Merchant Wholesalers

UK SIC 2003:

5138 - Wholesale of other food including fish, crustaceans and molluscs

US SIC 1987:

5149 - Groceries and Related Products, Not Elsewhere Classified

                      

Key Executives           

   

 

Name

Title

Joaquim Oliveira

Managing director

Ana Oliveira

Financial director

Ricardo Sebastiana

Commercial director, Marketing manager

António Campos

Executive

António Santos

Executive

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7190468
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.6969855

 

Corporate Overview

 

Location
Ponte Nova
Mondim Da Beira, 3610-054
Tarouca County
Portugal

 

Tel:

+351 254671000

Fax:

+351 254671009

 

Suggest Company URL

Sales EUR(mil):

10.0

Assets EUR(mil):

4.9

Employees:

33

Fiscal Year End:

31-Dec-2009

 

Industry:

Retail (Grocery)

Incorporation Date:

01-Jan-1992

Company Type:

Public Independent

Quoted Status:

Not Quoted

Registered No.(PRT):

502691000

 

Managing director:

Joaquim Oliveira

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

360

-

Grocery, Liquor and Tobacco Product Wholesaling

 

NACE 2002 Codes:

5138

-

Wholesale of other food including fish, crustaceans and molluscs

 

NAICS 2002 Codes:

424460

-

Fish and Seafood Merchant Wholesalers

 

US SIC 1987:

5149

-

Groceries and Related Products, Not Elsewhere Classified

 

UK SIC 2003:

5138

-

Wholesale of other food including fish, crustaceans and molluscs

 

 

Business Description

Macro-Frio - Comércio Internacional De Produtos Alimentares, S.A. is primarily engaged in wholesale of other food including fish, crustaceans and molluscs. This class also includes: wholesale of potato products; and wholesale of feed for pet animals.

 

 

 

 

 

 

 

 

Financial Data

 

Financials in:

EUR(mil)

 

Revenue:

10.0

Assets:

4.9

Current Assets:

2.4

 

Total Liabilities:

4.9

 

Issued Capital:

0.9

 

Net Worth:

2.0

 

 

 

Date of Financial Data:

31-Dec-2009

 

1 Year Growth

6.8%

NA

 

Key Corporate Relationships

Bank:

Banco Comercial Portugues, Banco Santander Totta

 

 

 

 

 

 

 

 

 

 

 

 

 

Executives Report

 

 

Executives

 

Name

Title

Function

Joaquim Oliveira

 

Managing director

Managing Director

Ana Oliveira

 

Financial director

Finance Executive

Ricardo Sebastiana

 

Commercial director, Marketing manager

Marketing Executive

António Campos

 

Executive

Other

António Santos

 

Executive

Other

Jorge Silva

 

Executive

Other

 

Annual Profit & Loss

 

 

 

 

 

31-Dec-2009

31-Dec-2008

31-Dec-2007

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.719047

0.683679

0.730637

Consolidated

No

No

No

 

 

 

 

Total income

13.9

14.9

13.4

Net sales

13.9

14.9

13.4

Subsidies for operating costs

0.0

0.0

0.0

Supplementary operating income

-

-

0.0

Cost of goods sold

11.7

12.9

11.7

Cost of sales

11.7

12.9

11.7

Service costs

0.6

0.9

0.7

Total payroll costs

0.7

0.7

0.6

Fixed asset depreciation and amortisation

0.5

0.3

0.3

Other operating costs

0.0

0.0

0.0

Total financial income

0.0

0.0

0.0

Total expenses

0.0

0.0

0.0

Profit before tax

0.2

0.1

0.1

Extraordinary income

0.0

0.0

0.0

Extraordinary expenses

0.1

0.0

0.0

Other taxes

0.0

0.0

0.0

Total taxation

0.0

0.0

0.0

Net profit

0.2

0.0

0.0

 

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

 

 

31-Dec-2009

31-Dec-2008

31-Dec-2007

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.696986

0.719399

0.683971

Consolidated

No

No

No

 

 

 

 

Issued capital

1.3

1.3

0.2

Available reserves

0.6

0.6

0.6

Total reserves

0.1

0.1

0.1

Profits for the year

0.2

0.0

0.0

Capital subsidies and grants

0.6

0.6

0.6

Total stockholders equity

2.8

2.5

1.5

Other long-term liabilities

1.0

-

2.6

Trade creditors

1.3

1.3

-

Bank loans and overdrafts

0.9

0.2

-

Debts on fixed assets

0.9

0.0

-

Taxes

0.0

0.1

-

Other current liabilities

0.1

0.0

-

Total current liabilities

3.2

1.6

-

Total debts

4.2

1.7

2.6

Regularisation account

0.1

0.1

0.1

Total liabilities (including net worth)

7.0

4.2

4.2

Buildings

2.6

0.9

0.9

Machinery and tools

0.1

0.0

0.0

Fixtures and equipment

1.6

0.7

0.8

Furniture and vehicles

1.5

1.3

1.3

Other fixed assets

0.3

0.8

0.3

Total tangible fixed assets

6.1

3.7

3.4

Other financial assets

0.1

0.1

0.1

Depreciation and amortisation

-2.7

-2.2

-2.0

Merchandise

0.7

0.6

0.8

Prepayments

0.0

0.0

0.0

Net stocks and work in progress

0.7

0.6

0.8

Trade debtors

1.9

2.0

1.8

Other receivables

0.1

0.1

0.1

Doubtful receivables

-0.3

-0.3

-0.2

Cash and liquid assets

0.0

-

-

Money on deposit at bank(s)

1.0

0.1

0.2

Recoverable taxation

0.1

-

0.0

Total current assets

3.4

2.5

2.6

Prepaid expenses and deferred costs

0.0

0.0

0.0

Total assets

7.0

4.2

4.2

 

 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

 

 

31-Dec-2009

31-Dec-2008

31-Dec-2007

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.696986

0.719399

0.683971

Consolidated

No

No

No

 

 

 

 

Current ratio

1.10

1.50

-

Acid test ratio

0.90

1.20

-

Total liabilities to net worth

0.66%

1.47%

0.57%

Net worth to total assets

0.40%

0.60%

0.36%

Current liabilities to net worth

1.13%

0.66%

-

Current liabilities to stock

4.78%

2.93%

-

Fixed assets to net worth

1.28%

0.66%

1.01%

Collection period

48.00

51.80

46.50

Stock turnover rate

21.60

25.20

18.90

Asset utilisation

0.49%

0.30%

0.29%

Creditors to sales

29.60

12.10

18.50

Asset turnover

2.03%

3.35%

3.44%

Profit margin

0.02%

0.00%

0.00%

Return on assets

0.03%

0.01%

0.01%

Shareholders' return

0.08%

0.01%

0.03%

Sales per employee

302.27

308.87

297.01

Profit per employee

4.46

0.74

0.79

Return on capital

0.06%

0.01%

0.01%

Net worth

2.8

2.5

1.5

Number of employees

33

33

33

 

Bottom of Form

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.78

UK Pound

1

Rs.80.12

Euro

1

Rs.68.82

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.