|
Report Date : |
06.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
TECEALFA LDA |
|
|
|
|
Registered Office : |
Rua Dos Belos Ares, 26, Infias, Vizela, 4815-092-Infias, Braga |
|
|
|
|
Country : |
Portugal |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
01.09.2006 |
|
|
|
|
Com. Reg. No.: |
507847407 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacture, import, export and trade of home textiles, including yarn
and fabric |
|
|
|
|
No. of Employees : |
08 |
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Portugal |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Name |
TECEALFA LDA |
|
|
|
|
|
V.A.T. Number / NIF |
507847407 |
|
Address |
Rua dos Belos Ares, 26 |
|
|
|
Locality |
INFIAS |
Postal Code |
4815-092-INFIAS |
|
Municipality |
VIZELA |
District |
BRAGA |
|
Telephone |
253339328 |
|
|
|
Fax |
253534653 |
|
|
|
|
|
|
|
|
C.A.E.(Rev 3) |
13201- Weaving the type of cotton yarn |
|
|
|
Legal Form |
Private Limited Company |
|
|
|
Constitution |
01-09-2006 |
V.A.T. Number / NIF |
507847407 |
|
Employees |
8 |
Capital |
50.000,00 |
|
Sales in : 31-12-2011 |
2.009.712,11 |
Shareholders Funds in: 31-12-2011 |
95.304,07 |
|
Condition |
Normal |
Tendency |
Stationary |
|
Financing |
Guaranteed |
Payments |
Good |
|
Actual Condition |
In activity |
|
|
All the amounts
are express in Euros, otherwise you will be advised
|
JOSE ANTONIO DE MELO ALMEIDA |
Managing-Partner |
|
CASIMIRO DE JESUS FERNANDES DE FARIA |
Managing-Partner |
|
CAIXA ECONOMICA MONTEPIO GERAL |
Guimarăes |
|
CAIXA GERAL DE DEPOSITOS, SA |
Pevidém |
|
BANCO BPI, SA |
Pevidém |
|
BANCO SANTANDER TOTTA SA |
Pevidem |
|
Registered on the Register Record Office of Vizela with the Register
Number 507847407 in 20-12-2010 |
|
Constitution celebrated in 01-09-2006 published on Portal MJ of
01-09-2006 |
|
To oblige the company it is necessary 1 signatures |
|
In 20-12-2010 on Portal MJ of 22-12-2010 increase of capital Clique para ver detalhes para 50.000 € e alteraçăo de sede social |
|
The Capital is 50.000,00 |
|
|
with the following distribution |
|
JOSE ANTONIO DE MELO ALMEIDA |
25.000,00 |
50% |
|
CASIMIRO DE JESUS FERNANDES DE FARIA |
25.000,00 |
50% |
|
|
|
|
Name |
JOSE ANTONIO DE MELO ALMEIDA |
|
Funtion |
Managing-Partner |
|
Address |
Estrada Nacional 105, n.º 689 - 2.º Esq. |
|
Locality |
NESPEREIRA |
|
Civil State |
Married |
|
Consort |
Maria José Oliveira Machado Almeida |
|
Previous Connections |
Exerceu a sua actividade como empresário em nome individual |
|
|
|
|
Name |
CASIMIRO DE JESUS FERNANDES DE FARIA |
|
Funtion |
Managing-Partner |
|
Address |
Rua do Agouro, n.º 45-E |
|
Locality |
SELHO (SAO JORGE) |
|
Birth Date |
02-01-1971 |
|
Civil State |
Married |
|
Consort |
Maria Alice Ferreira Macedo |
|
Previous Connections |
Exerceu a sua actividade como empresário em nome individual |
|
Company |
|
Companhia de Seguros Açoreana SA |
|
Line of Business |
Percentage |
|
Fabrico, importaçăo, exportaçăo e comércio
de artigos de têxteis lar, nomeadamente, de fios e tecidos (Manufacture, import, export and trade of
home textiles, including yarn and fabric) |
100% |
|
Type of Clients |
Retailers |
|
|
|
Sales Conditions |
Cash/credit |
|
|
|
Sales Area |
|
|
|
|
Country |
100% |
|
|
Total 8
|
Head office and installations Rua dos Belos Ares, 26, INFIAS,
4815-092, INFIAS, Tel:253339328, Fax:253534653 |
|
Had head office Rua do Mazagăo, 107 , Aveleda, 4705-075, AVELEDA |
There are no of incidents on our database
|
Consulted sources say that the subject has been respecting its
payments and commercial commitments |
|
Balance Sheet SNC |
||
|
CoinEURO |
|
Date31-12-2011 |
|
|
||
|
Closing Date |
31-12-2011 |
31-12-2010 |
31-12-2009 |
Variaçăo (%) |
|
|
|
|||
|
ASSET |
|
|||
|
|
|
|
|
|
|
Non-current assets |
|
|||
|
Tangible fixed assets |
187.902,62 |
30.214,49 |
7.031,83 |
521,90 |
|
Other financial assets |
1.390,00 |
|
|
|
|
Financial investments(exclusive use by small entities and micro
entities) |
|
1.390,00 |
760,00 |
|
|
Total |
189.292,62 |
31.604,49 |
7.791,83 |
498,94 |
|
|
|
|
|
|
|
Current assets |
|
|
||
|
Inventories |
329.560,34 |
226.430,24 |
258.205,00 |
45,55 |
|
Costumers |
338.236,48 |
663.557,82 |
422.188,95 |
(49,03) |
|
State and other public entities |
31.530,96 |
50.147,53 |
26.421,44 |
(37,12) |
|
Other accounts receivable |
|
9.656,00 |
8.439,52 |
|
|
Deferrals |
315,64 |
4.000,00 |
4.415,29 |
(92,11) |
|
Cashier and bank deposits |
82.884,49 |
75.589,27 |
31.062,11 |
9,65 |
|
Total |
782.527,91 |
1.029.380,86 |
750.732,31 |
(23,98) |
|
TOTAL ASSET |
971.820,53 |
1.060.985,35 |
758.524,14 |
(8,40) |
|
|
|
|
|
|
|
SHAREHOLDERS FUNDS AND LIABILITIES |
|
|
||
|
|
|
|
|
|
|
SHAREHOLDERS FUNDS |
|
|
||
|
Capital |
50.000,00 |
50.000,00 |
5.000,00 |
|
|
Other shareholders funds instruments |
10.000,00 |
10.000,00 |
10.000,00 |
|
|
Legal reserves |
10.000,00 |
2.500,00 |
2.500,00 |
300,00 |
|
Other reserves |
8.336,73 |
5.235,39 |
642,53 |
59,24 |
|
Other shareholders funds changes |
|
5.000,00 |
|
|
|
Total |
78.336,73 |
72.735,39 |
18.142,53 |
7,70 |
|
Net income for the period |
16.967,34 |
10.601,34 |
4.592,86 |
60,05 |
|
TOTAL OF SHAREHOLDERS FUNDS |
95.304,07 |
83.336,73 |
22.735,39 |
14,36 |
|
|
|
|
|
|
|
LIABILITY |
|
|
||
|
|
|
|
|
|
|
Non-current liiabilities |
|
|
||
|
Financing obtained |
67.698,14 |
26.458,36 |
29.166,67 |
155,87 |
|
Total |
67.698,14 |
26.458,36 |
29.166,67 |
155,87 |
|
|
|
|
|
|
|
Current liabilities |
|
|
||
|
Suppliers |
470.449,42 |
712.150,49 |
576.884,15 |
(33,94) |
|
State and other public entities |
3.690,42 |
3.050,87 |
2.828,63 |
20,96 |
|
Shareholders/partners |
|
5.000,00 |
60.620,00 |
|
|
Financing obtained |
290.403,05 |
208.306,96 |
43.787,83 |
39,41 |
|
Other payable accounts |
44.275,43 |
22.681,94 |
22.501,47 |
95,20 |
|
Total |
808.818,32 |
951.190,26 |
706.622,08 |
(14,97) |
|
TOTAL LIABILITIES |
876.516,46 |
977.648,62 |
735.788,75 |
(10,34) |
|
TOTAL SHAREHOLDERS FUNDS AND LIABILITIES |
971.820,53 |
1.060.985,35 |
758.524,14 |
(8,40) |
|
|
|
|
|
|
|
INCOME STATEMENT |
|
|
||
|
|
|
|
|
|
|
INCOME AND EXPENSES |
|
|
||
|
Sales and services |
2.009.712,11 |
2.046.987,74 |
1.192.768,78 |
(1,82) |
|
Operating government grants |
7.500,00 |
|
|
|
|
Variation in production inventories |
95.789,57 |
(1.810,24) |
(9.635,74) |
(5.391,54) |
|
Cost of goods sold and materials consumed |
(1.203.617,09) |
(1.278.151,02) |
(692.638,76) |
(5,83) |
|
Suppliers and external services |
(651.008,47) |
(627.573,75) |
(398.274,62) |
3,73 |
|
Personnel costs |
(99.743,88) |
(73.507,32) |
(55.231,38) |
35,69 |
|
Impairment of receivables (losses/revearsals) |
(72.820,61) |
|
(4.247,19) |
|
|
Other income and gains |
9.795,25 |
8.109,62 |
|
20,79 |
|
Other expenses and losses |
(37.616,29) |
(31.356,80) |
(3.317,58) |
19,96 |
|
Result before depreciation, financing costs and taxes |
57.990,59 |
42.698,23 |
29.423,51 |
35,81 |
|
Expenses/reversals of depreciation and amortization |
(23.306,13) |
(5.330,17) |
(5.197,85) |
337,25 |
|
Operating result (before financing costs and taxes) |
34.684,46 |
37.368,06 |
24.225,66 |
(7,18) |
|
Interest and similar income obtained |
|
10,56 |
7.023,09 |
|
|
interest and similar expenses incurred |
(13.729,16) |
(24.987,34) |
(25.540,42) |
(45,06) |
|
Net before taxes |
20.955,30 |
12.391,28 |
5.708,33 |
69,11 |
|
Income tax of the period |
(3.987,96) |
(1.789,94) |
(1.115,47) |
122,80 |
|
Net profit for the period |
16.967,34 |
10.601,34 |
4.592,86 |
60,05 |
|
Closing Date |
31-12-2011 |
31-12-2010 |
31-12-2009 |
|
|
|
|
|||
|
TURNOVER RATIOS |
|
|||
|
Shareholder's Funds Profitability |
0,178 |
0,127 |
0,202 |
|
|
Assets Profitability |
0,036 |
0,035 |
0,032 |
|
|
Sales Net Profitability |
0,008 |
0,005 |
0,004 |
|
|
|
|
|
|
|
|
EFFICIENCY RATIOS |
|
|
||
|
Medium Term Receivable |
61,43 |
118,319 |
129,194 |
|
|
Asset Rotation |
2,068 |
1,929 |
1,572 |
|
|
|
|
|
|
|
|
PRODUCTIVITY RATIOS |
|
|
||
|
Productivity |
(32,216) |
(45,235) |
(34,137) |
|
|
|
|
|
|
|
|
SHORT TERM RATIOS |
|
|
||
|
General Liquidity |
0,967 |
1,082 |
1,062 |
|
|
Reduced Liquidity |
0,56 |
0,844 |
0,697 |
|
|
Immediate Liquidity |
0,102 |
0,079 |
0,044 |
|
|
|
|
|
|
|
|
MEDIUM LONG TERM RATIOS |
|
|
||
|
Financial Autonomy |
0,098 |
0,079 |
0,03 |
|
|
Solvability |
0,109 |
0,085 |
0,031 |
|
|
Borrowed Capital Structure |
0,923 |
0,973 |
0,96 |
|
|
General Debt |
3,757 |
2,817 |
3,209 |
|
|
Medium Long Term Debt |
0,71 |
0,317 |
1,283 |
|
|
Debt Structure |
0,923 |
0,973 |
0,96 |
|
|
Capital Structure |
1,408 |
3,15 |
0,779 |
|
|
|
|
|
|
|
|
Operational and Financial Risk |
|
|
||
|
Operational Leverage Level |
92,645 |
88,983 |
77,827 |
|
|
Financial Leverage Level |
1,655 |
3,016 |
4,244 |
|
|
Combined Leverage Level |
153,327 |
268,373 |
330,298 |
|
|
|
31-12-2009 |
|
|
Tangible Assets |
7.032,00 |
|
|
Investments |
760,00 |
|
|
Stocks |
258.205,00 |
|
|
Short Term Receivable |
457.050,00 |
|
|
Banks and Cash |
31.062,00 |
|
|
Accruals and Deferrals |
4.415,00 |
|
|
Total Assets |
758.524,00 |
|
|
Shareholder's Funds |
22.735,00 |
|
|
Medium and Long Term Payable |
89.787,00 |
|
|
Short Term Payable |
635.987,00 |
|
|
Accruals and Deferrals |
10.015,00 |
|
|
Total Liabilities and Shareholder's Funds |
758.524,00 |
|
|
Cost of Goods and Consumable Materials |
692.639,00 |
|
|
Outside Supplies and Services |
398.275,00 |
|
|
Personnel Costs |
55.231,00 |
|
|
Sales |
1.192.769,00 |
|
|
|
31-12-2007 |
31-12-2008 |
31-12-2009 |
|
Net Sales |
784.597,00 |
741.534,00 |
1.192.769,00 |
|
Net Income For the Year |
12.388,00 |
3.412,00 |
4.593,00 |
|
Current Assets |
428.580,00 |
409.797,00 |
750.732,00 |
|
Short Term Payables |
353.506,00 |
313.978,00 |
635.987,00 |
|
Cash Flow |
75.074,00 |
95.819,00 |
114.745,00 |
|
Total Assets |
438.947,00 |
415.244,00 |
758.524,00 |
|
Total Liabilities |
434.216,00 |
397.102,00 |
735.789,00 |
|
Shareholders Funds |
4.730,00 |
18.143,00 |
22.735,00 |
|
Personnel Costs |
18.074,00 |
24.867,00 |
55.231,00 |
|
|
31-12-2007 |
31-12-2008 |
31-12-2009 |
|
FINANCIAL SITUATION |
|
|
|
|
General Liquidity |
1,21 |
1,31 |
1,18 |
|
Immediate Liquidity |
0,98 |
0,70 |
0,77 |
|
Financial Autonomy |
0,01 |
0,04 |
0,03 |
|
Solvency |
0,01 |
0,05 |
0,03 |
|
RENTABILITY |
|
|
|
|
Sales Rentability |
1,58 % |
0,46 % |
0,39 % |
|
Sales Rate Increase |
|
(5,49) % |
60,85 % |
|
EFFICIÊNCY |
|
|
|
|
Assets Turnover |
1,79 |
1,79 |
1,57 |
|
Balance Sheet |
||
|
CoinEURO |
|
Date31-12-2009 |
|
|
||
|
|
Gross Assets |
Depreciations /
Provisions |
Net Assets |
|
Tangible Assets |
|
Subtotal |
26.357,00 |
19.325,00 |
7.032,00 |
|
Financial Investments |
|
Subtotal |
760,00 |
|
760,00 |
|
Stocks |
|
Subtotal |
258.205,00 |
|
258.205,00 |
|
Short Term Receivable |
|
Subtotal |
461.297,00 |
4.247,00 |
457.050,00 |
|
Bank Deposits and Cash |
|
Cash |
244,00 |
|
244,00 |
|
Bank Deposites |
30.818,00 |
|
30.818,00 |
|
Subtotal |
31.062,00 |
|
31.062,00 |
|
Accruals and Deferrals |
|
Deferred Cost |
4.415,00 |
|
4.415,00 |
|
Subtotal |
4.415,00 |
|
4.415,00 |
|
|
|
Total Assets |
782.096,00 |
23.572,00 |
758.524,00 |
|
Shareholders Funds and Liabilities |
|
Shareholders Funds |
|
Capital |
5.000,00 |
|
|
Treasury Stock: |
|
|
|
Other Sup. |
10.000,00 |
|
|
Reserves : |
|
|
|
Free |
3.143,00 |
|
|
Net Income For the Year |
4.593,00 |
|
|
Total |
22.735,00 |
|
|
Short Term Payable |
|
Bank Loans |
43.788,00 |
|
|
Supliers Fixed Asset |
720,00 |
|
|
State and Other Public Bodies |
2.829,00 |
|
|
Other Creditors |
12.486,00 |
|
|
Trade Creditors |
301.381,00 |
|
|
Trade Notes Payable |
274.783,00 |
|
|
Subtotal |
635.987,00 |
|
|
Medium and Long Term Payable |
|
Bank Loans |
29.167,00 |
|
|
Shareholders |
60.620,00 |
|
|
Subtotal |
89.787,00 |
|
|
Accruals and Deferrals |
|
Accrued Charges |
10.015,00 |
|
|
Subtotal |
10.015,00 |
|
|
TOTAL LIABILITIES |
735.789,00 |
|
|
TOTAL LIABILITIES AND SHAREHOLDERS FUNDS |
758.524,00 |
|
|
Income Statement |
|
Costs and Losses |
|
Cost of Materials Consumed and Goods Sold: |
|
|
|
Subtotal |
692.639,00 |
|
|
Outside Supplies and Services |
398.275,00 |
|
|
Personnel Costs |
|
|
|
Subtotal |
55.231,00 |
|
|
Depreciation |
5.198,00 |
|
|
Provisions |
4.247,00 |
|
|
Subtotal |
9.445,00 |
|
|
Other Operating Costs |
2.559,00 |
|
|
Int. and Similar Costs: |
|
|
|
Subtotal |
25.540,00 |
|
|
Ext. Costs and Losses |
759,00 |
|
|
Taxation Over Income |
1.115,00 |
|
|
Net Income For the Year |
4.593,00 |
|
|
Income and Profits |
|
Sales of : |
|
|
|
Products |
1.192.532,00 |
|
|
Services Provided |
237,00 |
|
|
Subtotal |
1.192.769,00 |
|
|
Variation in Production |
(9.636,00) |
|
|
Trading Securities Income |
|
|
|
Int. and Similar Costs |
|
|
|
Other |
7.023,00 |
|
|
Net Income For the Year |
4.593,00 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.08 |
|
UK Pound |
1 |
Rs.87.03 |
|
Euro |
1 |
Rs.68.36 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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.