MIRA INFORM REPORT
|
Report Date : |
06.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
FIPORAG-COMERCIO DE FIOS TEXTEIS LDA |
|
|
|
|
Registered Office : |
Cabecudos, Vila Nova De Famalicao, Postal Code 4770-076-Cabecudos, Braga |
|
|
|
|
Country : |
Portugal |
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|
|
|
Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
26.11.1999 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale trade of textiles |
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|
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No. of Employees
: |
03 |
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 : |
37.410,00 Euros |
|
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 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Portugal |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
|
Off-credit |
D |
Identification
|
Name |
FIPORAG-COMERCIO DE FIOS TEXTEIS LDA |
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|
|
|
|
V.A.T. Number / NIF |
504702033 |
|
Address |
Lugar da Igreja |
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|
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Locality |
CABECUDOS |
Postal Code |
4770-076-CABECUDOS |
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Municipality |
VILA NOVA DE FAMALICAO |
District |
BRAGA |
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Telephone |
252308410 |
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Fax |
252308416 |
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E-Mail |
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C.A.E.(Rev 3) |
46410- Wholesale trade of textiles |
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|
All the amounts
are express in Euros, otherwise you will be advised |
Summary
|
Legal Form |
Private Limited Company |
|
|
|
Constitution |
26-11-1999 |
V.A.T. Number / NIF |
504702033 |
|
Employees |
3 |
Capital |
630.000,00 |
|
Sales in : 31-12-2010 |
7.655.759,61 |
Shareholders Funds in: 31-12-2010 |
1.049.350,06 |
|
Credit |
Recommended |
Credit Limit |
37.410,00 |
|
Condition |
Normal |
Tendency |
Stationary |
|
Financing |
Not Determined |
Payments |
Good |
|
Actual Condition |
In activity |
|
|
Management Bodies
|
AIRES ALCINO DA SILVA DIAS DOS SANTOS |
Managing-Partner |
|
GABRIEL DA SILVA DIAS DOS SANTOS |
Managing-Partner |
Banks and Financial Institutions
|
BANCO ESPIRITO SANTO, SA |
Vila Nova de Famalicão |
Historical
|
Registered on the Register Record Office of Vila Nova de Famalicao
with the Register Number 504702033 in 26-11-1999 |
|
Constitution celebrated in 26-11-1999 published on Diário da República
number 25 of 31-01-2000 |
|
To oblige the company it is necessary 2 signature |
Changes to Society
|
In 26-07-2010 on Portal MJ of 26-07-2010 increase of capital Clique para ver detalhes para 630.000,00
|
|
In 16-09-2009 on Portal MJ of 16-09-2009 increase of capital |
|
In 17-11-2008 on Portal MJ of 17-11-2008 social change |
|
In 19-02-2008 on Portal MJ of 19-02-2008 increase of capital |
Capital
|
The Capital is 630.000,00 |
|
|
with the following distribution |
|
AIRES ALCINO DA SILVA DIAS DOS SANTOS |
315.000,00 |
50% |
|
GABRIEL DA SILVA DIAS DOS SANTOS |
315.000,00 |
50% |
Biographies
|
|
|
|
Name |
AIRES ALCINO DA SILVA DIAS DOS SANTOS |
|
Function |
Managing-Partner |
|
Address |
Rua Vasco Carvalho, 81 |
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Locality |
VILA NOVA DE FAMALICAO |
|
Civil State |
Married |
|
Consort |
Maria Teresa Oliveira Carneiro |
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|
|
|
Name |
GABRIEL DA SILVA DIAS DOS SANTOS |
|
Function |
Managing-Partner |
|
Address |
Lugar da Igreja |
|
Locality |
CABECUDOS |
|
Civil State |
Married |
|
Consort |
Maria do Carmo Machado Osorio Dias Santos |
Activities
|
Line of Business |
Percentage |
|
Comércio por grosso de têxteis, importação
e exportação de fios, tecidos, malhas e vestuário e fabricação de tecidos de
malha. (Wholesale of textile import and export of yarns, fabrics, knitwear and clothing and manufacturing of knitted fabrics.) |
100% |
|
Type of Clients |
Private Companies |
|
|
|
Sales Conditions |
Cash/credit |
|
|
|
Sales Area |
|
|
|
|
Country |
100% |
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|
Employees
Total 3
Head Office and Installations
Head office and warehouse Lugar da Igreja ,
CABECUDOS, 4770-076, CABECUDOS, Tel:252308410, Fax:252308416
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 Demonstration SNC
|
Balance Sheet SNC |
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|
CoinEURO |
|
Date31-12-2010 |
|
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||
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Closing Date |
31-12-2010 |
31-12-2009 |
-- |
Variação (%) |
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|||
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Current assets |
|
|||
|
Inventories |
1.350.913,68 |
954.658,71 |
|
41,51 |
|
Costumers |
3.558.374,13 |
1.756.010,24 |
|
102,64 |
|
State and other public entities |
16.772,00 |
|
|
|
|
Other accounts receivable |
224.896,23 |
125.332,35 |
|
79,44 |
|
Deferrals |
|
288,66 |
|
|
|
Cashier and bank deposits |
37.739,05 |
235.767,72 |
|
(83,99) |
|
Total |
5.188.695,09 |
3.072.057,68 |
|
68,90 |
|
TOTAL ASSET |
5.188.695,09 |
3.072.057,68 |
|
68,90 |
|
|
|
|
|
|
|
SHAREHOLDERS FUNDS AND LIABILITIES |
|
|
||
|
|
|
|
|
|
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SHAREHOLDERS FUNDS |
|
|
||
|
Capital |
630.000,00 |
590.000,00 |
|
6,78 |
|
Other shareholders funds instruments |
180.000,00 |
180.000,00 |
|
|
|
Legal reserves |
18.830,02 |
19.623,88 |
|
(4,05) |
|
Other reserves |
40.494,23 |
|
|
|
|
Total |
869.324,25 |
789.623,88 |
|
10,09 |
|
Net income for the period |
180.025,81 |
43.300,37 |
|
315,76 |
|
TOTAL OF SHAREHOLDERS FUNDS |
1.049.350,06 |
832.924,25 |
|
25,98 |
|
|
|
|
|
|
|
Current liabilities |
|
|
||
|
Suppliers |
2.206.654,14 |
1.502.909,90 |
|
46,83 |
|
State and other public entities |
440.346,68 |
183.523,10 |
|
139,94 |
|
Financing obtained |
1.176.668,98 |
199.873,70 |
|
488,71 |
|
Other payable accounts |
301.820,58 |
296.246,97 |
|
1,88 |
|
Deferrals |
13.854,65 |
56.579,76 |
|
(75,51) |
|
Total |
4.139.345,03 |
2.239.133,43 |
|
84,86 |
|
TOTAL LIABILITIES |
4.139.345,03 |
2.239.133,43 |
|
84,86 |
|
TOTAL SHAREHOLDERS FUNDS AND LIABILITIES |
5.188.695,09 |
3.072.057,68 |
|
68,90 |
|
|
|
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|
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INCOME STATEMENT |
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INCOME AND EXPENSES |
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||
|
Sales and services |
7.655.759,61 |
4.289.788,95 |
|
78,46 |
|
Variation in production inventories |
8.904,30 |
1.276,80 |
|
597,39 |
|
Cost of goods sold and materials consumed |
6.844.062,31 |
3.772.734,93 |
|
81,41 |
|
Suppliers and external services |
226.372,37 |
253.030,86 |
|
(10,54) |
|
Personnel costs |
90.496,50 |
88.829,02 |
|
1,88 |
|
Impairment of inventories (losses/revearsals) |
179.170,97 |
|
|
|
|
Impairment of receivables (losses/revearsals) |
(209.526,73) |
15.102,98 |
|
(1.487,32) |
|
Other income and gains |
95.901,32 |
394,32 |
|
24.220,68 |
|
Other expenses and losses |
234.271,91 |
19.551,80 |
|
1.098,21 |
|
Result before depreciation, financing costs and taxes |
395.717,90 |
142.210,48 |
|
178,26 |
|
Operating result (before financing costs and taxes) |
395.717,90 |
142.210,48 |
|
178,26 |
|
Interest and similar income obtained |
275,38 |
63.294,51 |
|
(99,56) |
|
interest and similar expenses incurred |
145.337,35 |
147.859,53 |
|
(1,71) |
|
Net before taxes |
250.655,93 |
57.645,46 |
|
334,82 |
|
Income tax of the period |
70.630,12 |
14.345,09 |
|
392,36 |
|
Net profit for the period |
180.025,81 |
43.300,37 |
|
315,76 |
Financial Elements
|
|
31-12-2009 |
|
Stocks |
954.659,00 |
|
Short Term Receivable |
1.882.343,00 |
|
Banks and Cash |
234.768,00 |
|
Accruals and Deferrals |
289,00 |
|
Total Assets |
3.072.059,00 |
|
Shareholder's Funds |
832.924,00 |
|
Short Term Payable |
2.182.554,00 |
|
Accruals and Deferrals |
56.580,00 |
|
Total Liabilities and Shareholder's Funds |
3.072.058,00 |
|
Cost of Goods and Consumable Materials |
3.772.735,00 |
|
Outside Supplies and Services |
253.031,00 |
|
Personnel Costs |
88.829,00 |
|
Sales |
4.289.789,00 |
Comparatives POC
|
|
31-12-2007 |
31-12-2008 |
31-12-2009 |
|
Net Sales |
4.959.970,00 |
4.085.108,00 |
4.289.789,00 |
|
Net Income For the Year |
47.617,00 |
2.779,00 |
43.300,00 |
|
Current Assets |
3.133.042,00 |
3.051.718,00 |
3.072.059,00 |
|
Short Term Payables |
2.415.075,00 |
2.317.199,00 |
2.182.554,00 |
|
Cash Flow |
717.967,00 |
734.519,00 |
889.505,00 |
|
Total Assets |
3.135.492,00 |
3.054.768,00 |
3.072.059,00 |
|
Total Liabilities |
2.523.605,00 |
2.375.103,00 |
2.239.134,00 |
|
Shareholders Funds |
611.887,00 |
679.666,00 |
832.924,00 |
|
Personnel Costs |
42.574,00 |
39.279,00 |
88.829,00 |
Ratios POC
|
|
31-12-2007 |
31-12-2008 |
31-12-2009 |
|
FINANCIAL SITUATION |
|
|
|
|
General Liquidity |
1,30 |
1,32 |
1,41 |
|
Immediate Liquidity |
0,65 |
0,74 |
0,97 |
|
Financial Autonomy |
0,20 |
0,22 |
0,27 |
|
Solvency |
0,24 |
0,29 |
0,37 |
|
RENTABILITY |
|
|
|
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Sales Rentability |
0,96 % |
0,07 % |
1,01 % |
|
Sales Rate Increase |
|
(17,64) % |
5,01 % |
|
EFFICIÊNCY |
|
|
|
|
Assets Turnover |
1,58 |
1,34 |
1,40 |
Balance Sheet and Income Statement
|
Balance Sheet |
||
|
CoinEURO |
|
Date31-12-2009 |
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|
||
|
|
Gross Assets |
Depreciations /
Provisions |
Net Assets |
|
Stocks |
|
Subtotal |
954.659,00 |
|
954.659,00 |
|
Short Term Receivable |
|
Subtotal |
2.094.041,00 |
211.698,00 |
1.882.343,00 |
|
Bank Deposits and Cash |
|
Cash |
1.000,00 |
|
1.000,00 |
|
Bank Deposites |
233.768,00 |
|
233.768,00 |
|
Subtotal |
234.768,00 |
|
234.768,00 |
|
Accruals and Deferrals |
|
Deferred Cost |
289,00 |
|
289,00 |
|
Subtotal |
289,00 |
|
289,00 |
|
Total Assets |
3.283.757,00 |
211.698,00 |
3.072.059,00 |
|
Shareholders Funds and Liabilities |
|
Shareholders Funds |
|
Capital |
590.000,00 |
|
|
Treasury Stock: |
|
|
|
Other Sup. |
180.000,00 |
|
|
Reserves : |
|
|
|
Free |
19.624,00 |
|
|
Net Income For the Year |
43.300,00 |
|
|
Total |
832.924,00 |
|
|
Short Term Payable |
|
Bank Loans |
199.874,00 |
|
|
State and Other Public Bodies |
183.523,00 |
|
|
Other Creditors |
296.247,00 |
|
|
Trade Creditors |
1.492.294,00 |
|
|
Trade Notes Payable |
10.615,00 |
|
|
Subtotal |
2.182.554,00 |
|
|
Accruals and Deferrals |
|
Accrued Charges |
56.580,00 |
|
|
Subtotal |
56.580,00 |
|
|
TOTAL LIABILITIES |
2.239.134,00 |
|
|
TOTAL LIABILITIES AND SHAREHOLDERS FUNDS |
3.072.058,00 |
|
|
Income Statement |
|
Costs and Losses |
|
Cost of Materials Consumed and Goods Sold: |
|
|
|
Subtotal |
3.772.735,00 |
|
|
Outside Supplies and Services |
253.031,00 |
|
|
Personnel Costs |
|
|
|
Subtotal |
88.829,00 |
|
|
Provisions |
30.525,00 |
|
|
Subtotal |
30.525,00 |
|
|
Other Operating Costs |
13.884,00 |
|
|
Int. and Similar Costs: |
|
|
|
Subtotal |
147.860,00 |
|
|
Ext. Costs and Losses |
5.668,00 |
|
|
Taxation Over Income |
14.345,00 |
|
|
Net Income For the Year |
43.300,00 |
|
|
Income and Profits |
|
Sales of : |
|
|
|
Products |
4.289.789,00 |
|
|
Subtotal |
4.289.789,00 |
|
|
Variation in Production |
1.277,00 |
|
|
Other Operating Income and Gains |
15.422,00 |
|
|
Subtotal |
15.422,00 |
|
|
Trading Securities Income |
|
|
|
Int. and Similar Costs |
|
|
|
Other |
63.295,00 |
|
|
Extra Income and Gains |
394,00 |
|
|
Net Income For the Year |
43.300,00 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.96 |
|
UK Pound |
1 |
Rs.77.47 |
|
Euro |
1 |
Rs.64.39 |
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.