MIRA
INFORM REPORT
|
Report Date : |
05.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
ETMA-EMPRESA TRANSFORMADORA DE MARMORES DO ALENTEJO SA |
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Registered Office : |
Lugar de Cabanas-Herdade de Vigaria Vila Vicosa 7160-999 Evora |
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Country : |
Portugal |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
01.08.1974 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture of marble and similar rocks |
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No. of Employees : |
100 |
RATING & COMMENTS
|
MIRAs 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 |
|
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 |
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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 |
ETMA-EMPRESA TRANSFORMADORA DE MARMORES DO ALENTEJO SA |
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V.A.T. Number / NIF |
500101566 |
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Address |
Lugar de Cabanas-Herdade de Vigaria |
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Locality |
VILA VICOSA |
Postal Code |
7160-999-VILA VICOSA |
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Municipality |
VILA VICOSA |
District |
EVORA |
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Telephone |
268887100, 268887140 |
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Fax |
268980657, 268408012 |
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E-Mail |
info@solubema.com |
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C.A.E.(Rev 3) |
23701- Manufacture of marble and rocks similar |
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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 |
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All the amounts are
express in Euros, otherwise you will be advised |
Summary
|
Legal Form |
Joint Stock Company |
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|
|
Constitution |
01-08-1974 |
V.A.T. Number / NIF |
500101566 |
|
Employees |
100 |
Capital |
1.500.000,00 |
|
Sales in : 31-12-2010 |
10.365.703,08 |
Shareholders Funds in: 31-12-2010 |
5.820.228,43 |
|
Credit |
Recommended |
Credit Limit |
49.880,00 |
|
Condition |
Normal |
Tendency |
Stationary |
|
Financing |
Guaranteed |
Payments |
Good |
|
Actual Condition |
In activity |
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Governing Bodies
|
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Board of Director's |
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|
ANTONIO MACEDO DE CASTRO |
Administrator |
|
FRANCIS DIKRAN KEZIRIAN |
Administrator |
|
PATRICE SERGE VARTAN KEZIRIAN |
Administrator |
|
ANNIE ELISABETH TARON |
Administrator |
|
JEAN KEZIRIAN |
Board of Director's President |
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SOLUBEMA-SOCIEDADE LUSO-BELGA DE MARMORES SA |
Delegate Administrator |
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Fiscal Board |
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|
JACQUES DOS SANTOS |
Fiscal Board President |
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MAZARS & ASSOCIADOS-SOCIEDADE REVISORES OFICIAIS DE CONTAS SA |
Fiscal Board Vice-President |
|
LEONEL MANUEL DIAS VICENTE |
Fiscal Board Substitute |
|
HENRIQUE JOSE MARTO OLIVEIRA |
Fiscal Board Vice-President |
Banks and Financial Institutions
|
CAIXA GERAL DE DEPOSITOS, SA |
Vila Viηosa |
|
BANCO ESPIRITO SANTO, SA |
Estremoz |
|
MILLENNIUM BCP |
Estremoz |
Historical
|
Registed on the Register Record Office of Vila Vicosa with the
Register Number 500101566 previous number 72 in 01-08-1974 |
|
Constitution celebrated in 01-08-1974 published on Diαrio da Repϊblica
number 123 of 27-05-1974 |
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To oblige the company it is necessary 2 signature |
Changes to Society
|
In 30-03-2007 on Portal MJ of 17-06-2008 board of director's change |
|
In 26-03-2004 on Diαrio da Repϊblica number 245 of 18-10-2004 board of
director's change |
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In 20-12-2001 on Diαrio da Repϊblica number 139 of 19-06-2002 board of
director's change |
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In 24-03-1998 on Diαrio da Repϊblica number 118 of 22-05-1998 board of
director's change |
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In 23-09-1992 on Diαrio da Repϊblica number 279 of 03-12-1992 board of
director's change |
Capital
|
The Capital is 1.500.000,00 , divided in 300000 shares , with a
nominal value of 4,99 |
|
Insurance
|
Company |
|
Impιrio Bonanηa Companhia de Seguros SA |
Special Information
|
Event |
General Description |
|
Additional |
A firma Solubema-Sociedade Luso Belga de Mαrmores Sa nomeou para seu
repsentante legal Josι Manuel Figueira de Sousa Barreto. |
Activities
|
Line of Business |
Percentage |
|
Manufacture of marble and similar rocks |
100% |
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|
|
Type of Clients |
Private Companies/Constructors/ublic |
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Sales Conditions |
Cash/credit |
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Exports to |
ALEMANHA,ARABIA
SAUDITA,AUSTRALIA,BELGICA,BERMUDAS,BRASIL,CANADA,CHILE,CHINA, REPUBLICA
POPULAR,DINAMARCA,ESPANHA,HOLANDA,HONG-KONG,INDONESIA,REINO
UNIDO,SUECIA,TAIWAN |
|
|
Employees
|
Total |
100 |
Head Office and Installations
|
Head office and factory Lugar de Cabanas-Herdade de Vigaria, VILA
VICOSA, 7160-999, VILA VICOSA, Tel:268887100, Fax:268980657 |
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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Closing Date |
31-12-2010 |
31-12-2009 |
-- |
Variaηγo (%) |
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ASSET |
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|||
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|
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Non-current assets |
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|||
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Tangible fixed assets |
3.263.558,96 |
3.242.262,20 |
|
0,66 |
|
Intangible assets |
2.212,10 |
|
|
|
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Other financial assets |
16.690,38 |
16.690,38 |
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|
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Total |
3.282.461,44 |
3.258.952,58 |
|
0,72 |
|
|
|
|
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Current assets |
|
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||
|
Inventories |
1.680.417,25 |
1.537.279,76 |
|
9,31 |
|
Costumers |
6.906.980,17 |
7.112.455,56 |
|
(2,89) |
|
Advances to suppliers |
|
885,00 |
|
|
|
State and other public entities |
189.188,58 |
367.064,92 |
|
(48,46) |
|
Other accounts receivable |
702.205,55 |
30.390,95 |
|
2.210,57 |
|
Deferrals |
21.416,08 |
10.664,85 |
|
100,81 |
|
Cashier and bank deposits |
167.145,63 |
562.800,84 |
|
(70,30) |
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Total |
9.667.353,26 |
9.621.541,88 |
|
0,48 |
|
TOTAL ASSET |
12.949.814,70 |
12.880.494,46 |
|
0,54 |
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SHAREHOLDERS FUNDS AND LIABILITIES |
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SHAREHOLDERS FUNDS |
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Capital |
1.500.000,00 |
1.500.000,00 |
|
|
|
Legal reserves |
206.080,79 |
193.575,14 |
|
6,46 |
|
Net retained |
3.883.157,41 |
3.645.549,98 |
|
6,52 |
|
Total |
5.589.238,20 |
5.339.125,12 |
|
4,68 |
|
Net income for the period |
230.990,23 |
250.113,08 |
|
(7,65) |
|
TOTAL OF SHAREHOLDERS FUNDS |
5.820.228,43 |
5.589.238,20 |
|
4,13 |
|
|
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LIABILITY |
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Non-current liiabilities |
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Financing obtained |
1.468.750,00 |
2.097.143,68 |
|
(29,96) |
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Total |
1.468.750,00 |
2.097.143,68 |
|
(29,96) |
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Current liabilities |
|
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|
Suppliers |
4.361.015,69 |
3.850.447,38 |
|
13,26 |
|
Advances from costumers |
320,00 |
320,00 |
|
|
|
State and other public entities |
90.451,49 |
81.871,19 |
|
10,48 |
|
Financing obtained |
628.393,68 |
412.007,58 |
|
52,52 |
|
Other payable accounts |
580.655,41 |
738.443,82 |
|
(21,37) |
|
Deferrals |
|
111.022,61 |
|
|
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Total |
5.660.836,27 |
5.194.112,58 |
|
8,99 |
|
TOTAL LIABILITIES |
7.129.586,27 |
7.291.256,26 |
|
(2,22) |
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TOTAL SHAREHOLDERS FUNDS AND LIABILITIES |
12.949.814,70 |
12.880.494,46 |
|
0,54 |
|
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|
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INCOME STATEMENT |
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INCOME AND EXPENSES |
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Sales and services |
10.365.703,08 |
9.969.260,90 |
|
3,98 |
|
Variation in production inventories |
128.920,96 |
(168.924,55) |
|
(176,32) |
|
Cost of goods sold and materials consumed |
5.948.490,02 |
5.254.383,79 |
|
13,21 |
|
Suppliers and external services |
1.965.740,98 |
1.788.111,84 |
|
9,93 |
|
Personnel costs |
1.802.637,30 |
1.802.703,76 |
|
|
|
Other income and gains |
54.547,24 |
49.994,16 |
|
9,11 |
|
Other expenses and losses |
33.288,11 |
39.060,01 |
|
(14,78) |
|
Result before depreciation, financing costs and taxes |
799.014,87 |
966.071,11 |
|
(17,29) |
|
Expenses/reversals of depreciation and amortization |
476.370,78 |
509.366,05 |
|
(6,48) |
|
Operating result (before financing costs and taxes) |
322.644,09 |
456.705,06 |
|
(29,35) |
|
Interest and similar income obtained |
2.447,26 |
4.407,54 |
|
(44,48) |
|
interest and similar expenses incurred |
42.834,30 |
154.822,53 |
|
(72,33) |
|
Net before taxes |
282.257,05 |
306.290,07 |
|
(7,85) |
|
Income tax of the period |
51.266,82 |
56.176,99 |
|
(8,74) |
|
Net profit for the period |
230.990,23 |
250.113,08 |
|
(7,65) |
Financial Elements
|
|
31-12-2009 |
|
|
Tangible Assets |
3.242.262,00 |
|
|
Investments |
16.690,00 |
|
|
Stocks |
1.537.280,00 |
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|
Short Term Receivable |
7.502.086,00 |
|
|
Banks and Cash |
562.801,00 |
|
|
Accruals and Deferrals |
20.106,00 |
|
|
Total Assets |
12.881.225,00 |
|
|
Shareholder's Funds |
5.589.238,00 |
|
|
Medium and Long Term Payable |
2.099.574,00 |
|
|
Short Term Payable |
4.393.259,00 |
|
|
Accruals and Deferrals |
799.154,00 |
|
|
Total Liabilities and Shareholder's Funds |
12.881.225,00 |
|
|
Cost of Goods and Consumable Materials |
5.254.384,00 |
|
|
Outside Supplies and Services |
1.747.454,00 |
|
|
Personnel Costs |
1.802.704,00 |
|
|
Sales |
9.969.261,00 |
|
|
Supplementary Income |
27.351,00 |
|
Comparatives POC
|
|
31-12-2007 |
31-12-2008 |
31-12-2009 |
|
Net Sales |
13.018.909,00 |
12.367.547,00 |
9.969.261,00 |
|
Net Income For the Year |
516.595,00 |
561.257,00 |
250.113,00 |
|
Current Assets |
10.975.910,00 |
11.663.980,00 |
9.622.273,00 |
|
Short Term Payables |
6.654.286,00 |
6.666.514,00 |
4.393.259,00 |
|
Cash Flow |
4.321.624,00 |
4.997.466,00 |
5.229.014,00 |
|
Total Assets |
13.171.500,00 |
14.281.703,00 |
12.881.225,00 |
|
Total Liabilities |
8.393.632,00 |
8.942.579,00 |
7.291.987,00 |
|
Shareholders Funds |
4.777.868,00 |
5.339.125,00 |
5.589.238,00 |
|
Personnel Costs |
2.030.503,00 |
2.131.568,00 |
1.802.704,00 |
Ratios POC
|
|
31-12-2007 |
31-12-2008 |
31-12-2009 |
|
FINANCIAL SITUATION |
|
|
|
|
General Liquidity |
1,65 |
1,75 |
2,19 |
|
Immediate Liquidity |
1,41 |
1,53 |
1,84 |
|
Financial Autonomy |
0,36 |
0,37 |
0,43 |
|
Solvency |
0,57 |
0,60 |
0,77 |
|
RENTABILITY |
|
|
|
|
Sales Rentability |
3,97 % |
4,54 % |
2,51 % |
|
Sales Rate Increase |
|
(5,00) % |
(19,39) % |
|
EFFICIΚNCY |
|
|
|
|
Assets Turnover |
0,99 |
0,87 |
0,77 |
Balance Sheet and Income
Statement
|
Balance Sheet |
||
|
CoinEURO |
|
Date31-12-2009 |
|
|
||
|
|
Gross Assets |
Depreciations /
Provisions |
Net Assets |
|
Tangible Assets |
|
Subtotal |
10.835.530,00 |
7.593.268,00 |
3.242.262,00 |
|
Financial Investments |
|
Subtotal |
16.690,00 |
|
16.690,00 |
|
Stocks |
|
Subtotal |
1.537.280,00 |
|
1.537.280,00 |
|
Short Term Receivable |
|
Subtotal |
8.245.269,00 |
743.183,00 |
7.502.086,00 |
|
Bank Deposits and Cash |
|
Cash |
1.000,00 |
|
1.000,00 |
|
Bank Deposites |
561.801,00 |
|
561.801,00 |
|
Subtotal |
562.801,00 |
|
562.801,00 |
|
Accruals and Deferrals |
|
Accrued Income |
9.441,00 |
|
9.441,00 |
|
Deferred Cost |
10.665,00 |
|
10.665,00 |
|
Subtotal |
20.106,00 |
|
20.106,00 |
|
|
|
Total Assets |
21.217.676,00 |
8.336.451,00 |
12.881.225,00 |
|
Shareholders Funds and Liabilities |
|
Shareholders Funds |
|
Capital |
1.500.000,00 |
|
|
Treasury Stock: |
|
|
|
Reserves : |
|
|
|
Free |
193.575,00 |
|
|
Net Retained |
3.645.550,00 |
|
|
Net Income For the Year |
250.113,00 |
|
|
Total |
5.589.238,00 |
|
|
Short Term Payable |
|
Bank Loans |
406.250,00 |
|
|
Advance For Clients |
320,00 |
|
|
Supliers Fixed Asset |
3.327,00 |
|
|
State and Other Public Bodies |
81.871,00 |
|
|
Other Creditors |
50.313,00 |
|
|
Trade Creditors |
3.851.178,00 |
|
|
Subtotal |
4.393.259,00 |
|
|
Medium and Long Term Payable |
|
Bank Loans |
2.093.750,00 |
|
|
Adv. For Clients |
5.824,00 |
|
|
Subtotal |
2.099.574,00 |
|
|
Accruals and Deferrals |
|
Accrued Charges |
688.131,00 |
|
|
Diferred Income |
111.023,00 |
|
|
Subtotal |
799.154,00 |
|
|
TOTAL LIABILITIES |
7.291.987,00 |
|
|
TOTAL LIABILITIES AND SHAREHOLDERS FUNDS |
12.881.225,00 |
|
|
Income Statement |
|
Costs and Losses |
|
Cost of Materials Consumed and Goods Sold: |
|
|
|
Subtotal |
5.254.384,00 |
|
|
Outside Supplies and Services |
1.747.454,00 |
|
|
Personnel Costs |
|
|
|
Subtotal |
1.802.704,00 |
|
|
Depreciation |
509.366,00 |
|
|
Subtotal |
509.366,00 |
|
|
Other Operating Costs |
27.704,00 |
|
|
Int. and Similar Costs: |
|
|
|
Subtotal |
196.552,00 |
|
|
Ext. Costs and Losses |
10.284,00 |
|
|
Taxation Over Income |
56.177,00 |
|
|
Net Income For the Year |
250.113,00 |
|
|
Income and Profits |
|
Sales of : |
|
|
|
Products |
9.900.024,00 |
|
|
Services Provided |
69.237,00 |
|
|
Subtotal |
9.969.261,00 |
|
|
Variation in Production |
(168.925,00) |
|
|
Supplementary Income |
27.351,00 |
|
|
Subtotal |
27.351,00 |
|
|
Trading Securities Income |
|
|
|
Int. and Similar Costs |
|
|
|
Other |
12.589,00 |
|
|
Extra Income and Gains |
14.462,00 |
|
|
Net Income For the Year |
250.113,00 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.14 |
|
|
1 |
Rs.83.08 |
|
Euro |
1 |
Rs.69.25 |
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 SCs 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.