MIRA
INFORM REPORT
|
Report Date : |
18.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
FITOR-DISTRIBUICAO UNIPESSOAL LDA |
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Registered Office : |
Estrada Nacional 204, Km 5 - Lugar De Penso 4770-788-Avidos Braga |
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Country : |
Portugal |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
07.02.2008 |
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Legal Form : |
One Man Company |
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Line of Business : |
Wholesale of natural fibers, artificial and synthetic |
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 |
|
Maximum Credit Limit : |
Euros 49.880,00 |
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|
|
|
Status : |
Satisfactory |
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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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Portugal |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
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 |
FITOR-DISTRIBUICAO UNIPESSOAL LDA |
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V.A.T. Number / NIF |
508412170 |
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Address |
Estrada Nacional 204, Km 5 - Lugar de Penso |
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Locality |
AVIDOS |
Postal Code |
4770-788-AVIDOS |
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Municipality |
VILA NOVA DE FAMALICAO |
District |
BRAGA |
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Telephone |
252303300 |
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Fax |
252303320 |
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E-Mail |
fitor@mail.telepac.pt |
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C.A.E.(Rev 3) |
46761- Wholesale of
natural fibers, artificial and synthetic |
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||
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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 |
|
All the amounts are express in Euros, otherwise you
will be advised |
Summary
|
|
Legal Form |
One Man Company |
|
|
|
Constitution |
07-02-2008 |
V.A.T. Number / NIF |
508412170 |
|
Capital |
1.500.000,00 |
|
|
|
Sales in : 31-12-2009 |
9.729.360,00 |
Shareholders Funds in:
31-12-2009 |
2.239.151,00 |
|
Credit |
Recommended |
Credit Limit |
49.880,00 |
|
Condition |
Normal |
Tendency |
Stationary |
|
Financing |
Not Determined |
Payments |
Good |
|
Actual Condition |
In activity |
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|
Management Bodies
|
|
MARCELO IZQUIERDO
GARCIA |
Manager |
|
ANTONIO MANUEL DA SILVA PEREIRA |
Manager |
|
ANGELO RODOLFI |
Manager |
Banks and Financial Institutions
|
|
BANCO ESPIRITO SANTO, SA |
Centro de Empresas Norte - Porto |
Historical
|
|
Registed on the Register
Record Office of Vila Nova de Famalicao with the Register Number 508412170 in
07-02-2008 |
|
Constitution celebrated
in 07-02-2008 published on Portal MJ of 07-02-2008 |
|
To oblige the company it
is necessary 1 signatures |
Changes to Society
|
|
In 11-12-2008 on Portal
MJ of 15-12-2008 increase of capital |
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In 11-11-2008 on Portal
MJ of 13-11-2008 manager change |
|
In 03-06-2008 on Portal
MJ of 06-06-2008 manager change |
Capital
|
|
The Capital is
1.500.000,00 |
|
|
with the following
distribution |
|
FITOR-COMPANHIA PORTUGUESA DE TEXTEIS SA |
1.500.000,00 |
100% |
Biographies
|
|
Name |
MARCELO IZQUIERDO
GARCIA |
|
Funtion |
Manager |
|
Address |
Rua Manuel Moreira Garcia, 5 |
|
Locality |
AVES |
|
Civil State |
Married |
|
Professional Connections |
The subject has
connections with the following company (ies) |
|
|
FITOR-COMPANHIA PORTUGUESA DE TEXTEIS SA as Board of Director's Member
. |
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|
SEGURES TEXTEIS LDA as Manager . |
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FITOR I- INDUSTRIA DE FIOS UNIPESSOAL LDA as Manager . |
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Name |
ANTONIO MANUEL DA SILVA PEREIRA |
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Funtion |
Manager |
|
Address |
Primeira Avenida - Lote 356 |
|
Locality |
AMOROSA |
|
Civil State |
Divorced |
|
Professional Connections |
The subject has
connections with the following company (ies) |
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|
FITOR-COMPANHIA PORTUGUESA DE TEXTEIS SA as Board of Director's
President . |
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FITOR I- INDUSTRIA DE FIOS UNIPESSOAL LDA as Manager . |
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|
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Name |
ANGELO RODOLFI |
|
Funtion |
Manager |
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Address |
Via Puccini 3 - 22075 Lurate Caccivio |
|
Locality |
Italia |
|
Civil State |
Married |
|
Professional Connections |
The subject has
connections with the following company (ies) |
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|
FITOR I- INDUSTRIA DE FIOS UNIPESSOAL LDA as Manager . |
Shareholders / Partners Companies
|
|
|
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NAME |
FITOR-COMPANHIA PORTUGUESA DE TEXTEIS SA |
|
Funtion |
Partner |
|
Address |
Lugar de Penso, Apartado 32 |
|
Locality |
Avidos |
|
Telephone |
252303300 |
|
Fax |
252303320 |
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E-Mail |
fitor@fitor.pt |
|
C.A.E. |
13103-Preparaçăo e fiaçăo da seda e preparaçăo e texturizaçăo de
filamentos sintéticos e artificiais |
Activities
|
|
Line of Business |
Percentage |
|
Wholesale of textiles |
100% |
|
|
|
Type of Clients |
Manufacturers |
|
|
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Sales Conditions |
Cash/credit |
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|
|
Sales Area |
|
|
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Country |
100% |
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Head Office and Installations
|
|
Head office and installations Estrada Nacional 204, Km 5 - Lugar de
Penso, AVIDOS, 4770-788, VILA NOVA DE FAMALICAO, Tel:252303300, Fax:252303320 |
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 |
1.224,00 |
|
|
Investments |
15.372,00 |
|
|
Stocks |
1.321.097,00 |
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|
Short Term Receivable |
4.914.459,00 |
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Banks and Cash |
600.561,00 |
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|
Accruals and Deferrals |
7.603,00 |
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Total Assets |
6.860.316,00 |
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|
Shareholder's Funds |
2.239.151,00 |
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Medium and Long Term
Payable |
1.492.434,00 |
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Short Term Payable |
2.648.934,00 |
|
|
Accruals and Deferrals |
479.798,00 |
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|
Total Liabilities and
Shareholder's Funds |
6.860.317,00 |
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|
Cost of Goods and
Consumable Materials |
4.246.160,00 |
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|
Outside Supplies and
Services |
4.062.492,00 |
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Personnel Costs |
256.927,00 |
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|
Sales |
9.729.360,00 |
|
|
Supplementary Income |
16.197,00 |
|
Comparatives POC
|
|
|
|
31-12-2008 |
31-12-2009 |
|
Net Sales |
|
5.121.368,00 |
9.729.360,00 |
|
Net Income For the Year |
|
30.972,00 |
708.179,00 |
|
Current Assets |
|
6.965.699,00 |
6.843.720,00 |
|
Short Term Payables |
|
3.765.138,00 |
2.648.934,00 |
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Cash Flow |
|
3.200.561,00 |
4.194.786,00 |
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Total Assets |
|
6.967.413,00 |
6.860.316,00 |
|
Total Liabilities |
|
5.436.442,00 |
4.621.166,00 |
|
Shareholders Funds |
|
1.530.972,00 |
2.239.151,00 |
|
Personnel Costs |
|
205.122,00 |
256.927,00 |
Ratios POC
|
|
|
31-12-2007 |
31-12-2008 |
31-12-2009 |
|
FINANCIAL SITUATION |
|
|
|
|
General Liquidity |
|
1,85 |
2,58 |
|
Immediate Liquidity |
|
1,42 |
2,08 |
|
Financial Autonomy |
|
0,22 |
0,33 |
|
Solvency |
|
0,28 |
0,48 |
|
RENTABILITY |
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|
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Sales Rentability |
|
0,60 % |
7,28 % |
|
Sales Rate Increase |
|
|
89,98 % |
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EFFICIÊNCY |
|
|
|
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Assets Turnover |
|
0,74 |
1,42 |
Balance Sheet and Income Statement
|
||
|
Balance Sheet |
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CoinEURO |
|
Date31-12-2009 |
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||
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|
Gross Assets |
Depreciations /
Provisions |
Net Assets |
|
Tangible Assets |
|
Subtotal |
34.185,00 |
32.961,00 |
1.224,00 |
|
Financial
Investments |
|
Subtotal |
15.372,00 |
|
15.372,00 |
|
Stocks |
|
Subtotal |
1.555.609,00 |
234.512,00 |
1.321.097,00 |
|
Short
Term Receivable |
|
Subtotal |
5.161.991,00 |
247.532,00 |
4.914.459,00 |
|
Bank
Deposits and Cash |
|
Cash |
200,00 |
|
200,00 |
|
Bank Deposites |
600.361,00 |
|
600.361,00 |
|
Subtotal |
600.561,00 |
|
600.561,00 |
|
Accruals
and Deferrals |
|
Accrued Income |
1.871,00 |
|
1.871,00 |
|
Deferred Cost |
5.732,00 |
|
5.732,00 |
|
Subtotal |
7.603,00 |
|
7.603,00 |
|
|
|
Total Assets |
7.375.321,00 |
515.005,00 |
6.860.316,00 |
|
Shareholders
Funds and Liabilities |
|
Shareholders Funds |
|
Capital |
1.500.000,00 |
|
|
Treasury Stock: |
|
|
|
Reserves : |
|
|
|
Free |
1.600,00 |
|
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Net Retained |
29.372,00 |
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Net Income For the Year |
708.179,00 |
|
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Total |
2.239.151,00 |
|
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Short
Term Payable |
|
State and Other Public
Bodies |
11.726,00 |
|
|
Other Creditors |
1.440.966,00 |
|
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Trade Creditors |
1.196.242,00 |
|
|
Subtotal |
2.648.934,00 |
|
|
Medium
and Long Term Payable |
|
Other Loans |
1.492.434,00 |
|
|
Subtotal |
1.492.434,00 |
|
|
Accruals
and Deferrals |
|
Accrued Charges |
479.798,00 |
|
|
Subtotal |
479.798,00 |
|
|
TOTAL LIABILITIES |
4.621.166,00 |
|
|
TOTAL LIABILITIES AND
SHAREHOLDERS FUNDS |
6.860.317,00 |
|
|
Income
Statement |
|
Costs
and Losses |
|
Cost of Materials
Consumed and Goods Sold: |
|
|
|
Subtotal |
4.246.160,00 |
|
|
Outside Supplies and
Services |
4.062.492,00 |
|
|
Personnel Costs |
|
|
|
Subtotal |
256.927,00 |
|
|
Depreciation |
490,00 |
|
|
Provisions |
383.626,00 |
|
|
Subtotal |
384.116,00 |
|
|
Other Operating Costs |
22.813,00 |
|
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Int. and Similar Costs: |
|
|
|
Subtotal |
174.052,00 |
|
|
Ext. Costs and Losses |
18.550,00 |
|
|
Taxation Over Income |
189,00 |
|
|
Net Income For the Year |
708.179,00 |
|
|
Income
and Profits |
|
Sales of : |
|
|
|
Products |
9.714.072,00 |
|
|
Services Provided |
15.288,00 |
|
|
Subtotal |
9.729.360,00 |
|
|
Variation in Production |
(203.891,00) |
|
|
Supplementary Income |
16.197,00 |
|
|
Other Operating Income
and Gains |
251.324,00 |
|
|
Subtotal |
267.521,00 |
|
|
Trading Securities Income
|
|
|
|
Int. and Similar Costs |
|
|
|
Other |
52.233,00 |
|
|
Extra Income and Gains |
28.256,00 |
|
|
Net Income For the Year |
708.179,00 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.72 |
|
|
1 |
Rs.79.88 |
|
Euro |
1 |
Rs.68.46 |
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.