|
Report Date : |
10.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
LAMIFIL-INDUSTRIA E COMERCIO DE COUROS LDA |
|
|
|
|
Registered Office : |
Vale Pardinho Aptd. 78, Alcanena, Postal Code 2380-187-Alcanena, District Santarem |
|
|
|
|
Country : |
Portugal |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
05.05.1989 |
|
|
|
|
Com. Reg. No.: |
502198524 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Tanning and dressing of leather |
|
|
|
|
No. of Employees : |
Not Available |
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 : |
Regular |
|
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 |
LAMIFIL-INDUSTRIA E COMERCIO DE COUROS LDA |
|
|
|
|
|
V.A.T. Number / NIF |
502198524 |
|
Address |
Vale Pardinho Aptd. 78 |
|
|
|
Locality |
ALCANENA |
Postal Code |
2380-187-ALCANENA |
|
Municipality |
ALCANENA |
District |
SANTAREM |
|
Telephone |
249890003 |
|
|
|
Fax |
249890066 |
|
|
|
E-Mail |
|
|
|
|
|
|
|
|
|
C.A.E.(Rev 3) |
15111- Tanning and dressing of leather |
|
|
|
Legal Form |
Private Limited Company |
|
|
|
Constitution |
05-05-1989 |
V.A.T. Number / NIF |
502198524 |
|
Capital |
500.000,00 |
|
|
|
Sales in : 31-12-2010 |
6.746.796,90 |
Shareholders Funds in: 31-12-2010 |
1.105.577,54 |
|
Condition |
Normal |
Tendency |
Stationary |
|
Financing |
Guaranteed |
Payments |
Good |
|
Actual Condition |
In activity |
|
|
All the amounts
are express in Euros, otherwise you will be advised
|
JIMMY FRAZAO |
Managing-Partner |
|
MILLENNIUM BCP |
Alcanena |
|
Registered on the Register Record Office
of Alcanena with the Register Number 502198524 previous number 333 in
01-08-1989 |
|
Constitution celebrated in 05-05-1989 published
on Diário da República number 12 of 31-05-1989 |
|
To oblige the company it is necessary 1
signatures |
|
In 29-08-2011 on Portal MJ of 09-09-2011
social change |
|
The Capital is 500.000,00 |
|
|
with the following distribution |
|
ALFEIA S.P.A |
225.000,00 |
45% |
|
JIMMY FRAZAO |
225.000,00 |
45% |
|
JOSE VICENTE JORDAN BUENO |
25.000,00 |
5% |
|
MARIA MERCEDES JORDAN BUENO |
25.000,00 |
5% |
|
|
|
|
Name |
JIMMY FRAZAO |
|
Function |
Managing-Partner |
|
Address |
Rua das Baralhas, lote 55 |
|
Locality |
LAPAS |
|
Civil State |
Married |
|
Consort |
Sandra Maria Ferreira Frazăo |
|
|
|
|
Name |
JOSE VICENTE JORDAN BUENO |
|
Function |
Partner |
|
Address |
Rua Calle Archiduque Carlos, nº 58, 49,
Valência |
|
Locality |
Espanha |
|
Civil State |
Married |
|
Consort |
Carmen Lopez Renacha |
|
|
|
|
Name |
MARIA MERCEDES JORDAN BUENO |
|
Function |
Partner |
|
Address |
Rua Calle Mariano Ribera, nº 20, 14,
Valência |
|
Locality |
Espanha |
|
Civil State |
Married |
|
Consort |
Clemente Millan |
|
|
|
|
NAME |
ALFEIA S.P.A |
|
Function |
Partner |
|
Address |
Rua Francesca Nord, nº 72, Santa Maria a
Monte |
|
Locality |
Italia |
|
Line of Business |
Percentage |
|
Curtimento, acabamento e comércio por
grosso de peles e couros. |
100% |
|
Type of Clients |
Retailers/Wholesalers |
|
|
|
Sales Conditions |
Cash/credit |
|
|
|
Sales Area |
|
|
|
|
Country |
100% |
|
|
Has head office Vale Pardinho Aptd. 78,
ALCANENA, 2380-187, ALCANENA, Tel:249890003, Fax:249890066
There are no records of incidents on our
database
Consulted sources say that the subject has
been respecting its payments and commercial commitments, so credit connections
with this company are recommended.
|
Balance Sheet SNC |
||
|
CoinEURO |
|
Date31-12-2010 |
|
|
||
|
Closing Date |
31-12-2010 |
31-12-2009 |
-- |
Variaçăo (%) |
|
|
|
|||
|
ASSET |
|
|||
|
|
|
|
|
|
|
Non-current
assets |
|
|||
|
Tangible fixed assets |
548.860,05 |
578.405,32 |
|
(5,11) |
|
Intangible
assets |
135,41 |
603,19 |
|
(77,55) |
|
Financial participations - other methods |
154.538,16 |
154.538,16 |
|
|
|
Total |
703.533,62 |
733.546,67 |
|
(4,09) |
|
|
|
|
|
|
|
Current assets |
|
|
||
|
Inventories |
540.152,37 |
389.215,32 |
|
38,78 |
|
Costumers
|
3.067.760,77 |
1.978.180,81 |
|
55,08 |
|
Advances to suppliers |
19.971,76 |
4.627,57 |
|
331,58 |
|
State and other public entities |
199.474,15 |
178.310,82 |
|
11,87 |
|
Other accounts receivable |
1.231,00 |
2.787,69 |
|
(55,84) |
|
Deferrals |
3.884,75 |
6.089,35 |
|
(36,20) |
|
Cashier and bank deposits |
282.130,82 |
152.240,11 |
|
85,32 |
|
Total |
4.114.605,62 |
2.711.451,67 |
|
51,75 |
|
TOTAL ASSET |
4.818.139,24 |
3.444.998,34 |
|
39,86 |
|
|
|
|
|
|
|
SHAREHOLDERS
FUNDS AND LIABILITIES |
|
|
||
|
|
|
|
|
|
|
SHAREHOLDERS
FUNDS |
|
|
||
|
Capital |
500.000,00 |
500.000,00 |
|
|
|
Legal reserves |
10.466,79 |
8.917,49 |
|
17,37 |
|
Other reserves |
184.603,80 |
155.167,18 |
|
18,97 |
|
Net retained |
16.130,36 |
15.163,77 |
|
6,37 |
|
Revaluation surplus |
31.285,70 |
31.941,82 |
|
(2,05) |
|
Total |
742.486,65 |
711.190,26 |
|
4,40 |
|
Net income for the period |
363.090,89 |
31.296,39 |
|
1.060,17 |
|
TOTAL OF SHAREHOLDERS FUNDS |
1.105.577,54 |
742.486,65 |
|
48,90 |
|
|
|
|
|
|
|
LIABILITY |
|
|
||
|
|
|
|
|
|
|
Non-current
liiabilities |
|
|
||
|
Diferred taxes liabilities |
2.100,12 |
2.177,92 |
|
(3,57) |
|
Total |
2.100,12 |
2.177,92 |
|
(3,57) |
|
|
|
|
|
|
|
Current
liabilities |
|
|
||
|
Suppliers |
992.196,38 |
846.506,48 |
|
17,21 |
|
Advances from costumers |
11.802,64 |
48.908,63 |
|
(75,87) |
|
State and other public entities |
146.513,73 |
35.415,03 |
|
313,70 |
|
Financing obtained |
2.369.232,07 |
1.576.982,80 |
|
50,24 |
|
Other payable accounts |
190.716,76 |
192.520,83 |
|
(0,94) |
|
Total |
3.710.461,58 |
2.700.333,77 |
|
37,41 |
|
TOTAL LIABILITIES |
3.712.561,70 |
2.702.511,69 |
|
37,37 |
|
TOTAL SHAREHOLDERS FUNDS AND LIABILITIES |
4.818.139,24 |
3.444.998,34 |
|
39,86 |
|
|
|
|
|
|
|
INCOME STATEMENT
|
|
|
||
|
|
|
|
|
|
|
INCOME AND
EXPENSES |
|
|
||
|
Sales and services |
6.746.796,90 |
4.321.365,34 |
|
56,13 |
|
Cost of goods sold and materials consumed |
5.150.956,29 |
3.521.968,99 |
|
46,25 |
|
Suppliers and external services |
679.449,97 |
480.538,43 |
|
41,39 |
|
Personnel costs |
161.065,61 |
154.433,58 |
|
4,29 |
|
Impairment of receivables
(losses/revearsals) |
76.292,14 |
|
|
|
|
Other income and gains |
178.875,51 |
144.850,73 |
|
23,49 |
|
Other expenses and losses |
84.872,65 |
25.115,73 |
|
237,93 |
|
Result before depreciation, financing
costs and taxes |
773.035,75 |
284.159,34 |
|
172,04 |
|
Expenses/reversals of depreciation and
amortization |
38.533,89 |
15.353,84 |
|
150,97 |
|
Operating result (before financing costs
and taxes) |
734.501,86 |
268.805,50 |
|
173,25 |
|
interest and similar expenses incurred |
237.177,99 |
224.679,83 |
|
5,56 |
|
Net before taxes |
497.323,87 |
44.125,67 |
|
1.027,06 |
|
Income tax of the period |
134.232,98 |
12.829,28 |
|
946,30 |
|
Net profit for the period |
363.090,89 |
31.296,39 |
|
1.060,17 |
|
Closing Date |
31-12-2010 |
31-12-2009 |
-- |
|
|
|
|
|||
|
TURNOVER RATIOS |
|
|||
|
Shareholder's Funds Profitability |
0,328 |
0,042 |
|
|
|
Assets Profitability |
0,152 |
0,078 |
|
|
|
Sales Net Profitability |
0,054 |
0,007 |
|
|
|
|
|
|
|
|
|
EFFICIENCY
RATIOS |
|
|
||
|
Medium Term Receivable |
165,965 |
167,085 |
|
|
|
Asset Rotation |
1,4 |
1,254 |
|
|
|
|
|
|
|
|
|
PRODUCTIVITY
RATIOS |
|
|
||
|
Productivity |
9,908 |
5,176 |
|
|
|
|
|
|
|
|
|
SHORT TERM
RATIOS |
|
|
||
|
General Liquidity |
1,109 |
1,004 |
|
|
|
Reduced Liquidity |
0,963 |
0,86 |
|
|
|
Immediate Liquidity |
0,076 |
0,056 |
|
|
|
|
|
|
|
|
|
MEDIUM LONG TERM
RATIOS |
|
|
||
|
Financial Autonomy |
0,229 |
0,216 |
|
|
|
Solvability |
0,298 |
0,275 |
|
|
|
Borrowed Capital Structure |
0,999 |
0,999 |
|
|
|
General Debt |
2,143 |
2,124 |
|
|
|
Debt Structure |
0,999 |
0,999 |
|
|
|
Capital Structure |
526,435 |
340,915 |
|
|
|
|
|
|
|
|
|
Operational and
Financial Risk |
|
|
||
|
Operational Leverage Level |
2,173 |
2,974 |
|
|
|
Financial Leverage Level |
1,477 |
6,092 |
|
|
|
Combined Leverage Level |
3,21 |
18,118 |
|
|
|
|
31-12-2009 |
|
|
Tangible Assets |
571.570,00 |
|
|
Investments |
154.538,00 |
|
|
Stocks |
389.215,00 |
|
|
Short Term Receivable |
826.221,00 |
|
|
Banks and Cash |
152.240,00 |
|
|
Accruals and Deferrals |
6.089,00 |
|
|
Total Assets |
2.099.873,00 |
|
|
Shareholder's Funds |
737.227,00 |
|
|
Short Term Payable |
1.333.645,00 |
|
|
Accruals and Deferrals |
29.003,00 |
|
|
Total Liabilities and Shareholder's Funds |
2.099.875,00 |
|
|
Cost of Goods and Consumable Materials |
3.521.969,00 |
|
|
Outside Supplies and Services |
480.538,00 |
|
|
Personnel Costs |
154.434,00 |
|
|
Sales |
4.321.365,00 |
|
|
Supplementary Income |
24.450,00 |
|
|
|
31-12-2007 |
31-12-2008 |
31-12-2009 |
|
Net Sales |
5.709.811,00 |
4.999.083,00 |
4.321.365,00 |
|
Net Income For the Year |
19.855,00 |
26.440,00 |
30.986,00 |
|
Current Assets |
1.505.259,00 |
1.565.791,00 |
1.373.765,00 |
|
Short Term Payables |
1.292.365,00 |
1.502.073,00 |
1.333.645,00 |
|
Cash Flow |
212.894,00 |
63.718,00 |
40.120,00 |
|
Total Assets |
2.014.195,00 |
2.249.657,00 |
2.099.873,00 |
|
Total Liabilities |
1.334.396,00 |
1.543.416,00 |
1.362.648,00 |
|
Shareholders Funds |
679.800,00 |
706.241,00 |
737.227,00 |
|
Personnel Costs |
158.940,00 |
160.091,00 |
154.434,00 |
|
|
31-12-2007 |
31-12-2008 |
31-12-2009 |
|
FINANCIAL SITUATION |
|
|
|
|
General Liquidity |
1,16 |
1,04 |
1,03 |
|
Immediate Liquidity |
0,69 |
0,59 |
0,74 |
|
Financial Autonomy |
0,34 |
0,31 |
0,35 |
|
Solvency |
0,51 |
0,46 |
0,54 |
|
RENTABILITY |
|
|
|
|
Sales Rentability |
0,35 % |
0,53 % |
0,72 % |
|
Sales Rate Increase |
|
(12,45) % |
(13,56) % |
|
EFFICIÊNCY |
|
|
|
|
Assets Turnover |
2,83 |
2,22 |
2,06 |
|
Balance Sheet |
||
|
CoinEURO |
|
Date31-12-2009 |
|
|
||
|
|
Gross Assets |
Depreciations /
Provisions |
Net Assets |
|
Tangible Assets |
|
Subtotal |
836.888,00 |
265.318,00 |
571.570,00 |
|
Financial Investments |
|
Subtotal |
154.538,00 |
|
154.538,00 |
|
Stocks |
|
Subtotal |
389.215,00 |
|
389.215,00 |
|
Short Term Receivable |
|
Subtotal |
1.218.770,00 |
392.549,00 |
826.221,00 |
|
Bank Deposits and Cash |
|
Cash |
2.951,00 |
|
2.951,00 |
|
Bank Deposites |
149.289,00 |
|
149.289,00 |
|
Subtotal |
152.240,00 |
|
152.240,00 |
|
Accruals and Deferrals |
|
Deferred Cost |
6.089,00 |
|
6.089,00 |
|
Subtotal |
6.089,00 |
|
6.089,00 |
|
|
|
Total Assets |
2.757.740,00 |
657.867,00 |
2.099.873,00 |
|
Shareholders Funds and Liabilities |
|
Shareholders Funds |
|
Capital |
500.000,00 |
|
|
Treasury Stock: |
|
|
|
Reserves : |
|
|
|
Legal |
31.739,00 |
|
|
Free |
164.085,00 |
|
|
Net Retained |
10.417,00 |
|
|
Net Income For the Year |
30.986,00 |
|
|
Total |
737.227,00 |
|
|
Short Term Payable |
|
Bank Loans |
239.223,00 |
|
|
Advance For Clients |
48.314,00 |
|
|
State and Other Public Bodies |
35.489,00 |
|
|
Other Creditors |
164.112,00 |
|
|
Trade Creditors |
640.905,00 |
|
|
Trade Notes Payable |
205.602,00 |
|
|
Subtotal |
1.333.645,00 |
|
|
Accruals and Deferrals |
|
Accrued Charges |
29.003,00 |
|
|
Subtotal |
29.003,00 |
|
|
TOTAL LIABILITIES |
1.362.648,00 |
|
|
TOTAL LIABILITIES AND SHAREHOLDERS FUNDS |
2.099.875,00 |
|
|
Income Statement |
|
Costs and Losses |
|
Cost of Materials Consumed and Goods Sold:
|
|
|
|
Subtotal |
3.521.969,00 |
|
|
Outside Supplies and Services |
480.538,00 |
|
|
Personnel Costs |
|
|
|
Subtotal |
154.434,00 |
|
|
Depreciation |
15.607,00 |
|
|
Subtotal |
15.607,00 |
|
|
Other Operating Costs |
23.894,00 |
|
|
Int. and Similar Costs: |
|
|
|
Subtotal |
225.001,00 |
|
|
Ext. Costs and Losses |
901,00 |
|
|
Taxation Over Income |
12.886,00 |
|
|
Net Income For the Year |
30.986,00 |
|
|
Income and Profits |
|
Sales of : |
|
|
|
Products |
4.257.975,00 |
|
|
Services Provided |
63.390,00 |
|
|
Subtotal |
4.321.365,00 |
|
|
Supplementary Income |
24.450,00 |
|
|
Subtotal |
24.450,00 |
|
|
Trading Securities Income |
|
|
|
Int. and Similar Costs |
|
|
|
Other |
119.351,00 |
|
|
Extra Income and Gains |
1.050,00 |
|
|
Net Income For the Year |
30.986,00 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.17 |
|
UK Pound |
1 |
Rs.86.43 |
|
Euro |
1 |
Rs.68.27 |
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 |
---- |
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.