|
Report Date : |
10.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
TEXTIL CAES DE PEDRA SA |
|
|
|
|
Registered Office : |
Rua de Belmiro de Oliveira, s/n - P.O.Box. 235 4800-134-Guimaraes Braga |
|
|
|
|
Country : |
Portugal |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
08.02.1965 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacture of pullovers, coats the outer
loops of similar
items and wholesale trade
and distribution of garments and accessories, as well as the retail sale of clothing and accessories. |
|
|
|
|
No. of Employees : |
101 |
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 |
|
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 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Portugal |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Name |
TEXTIL CAES DE PEDRA SA |
|
|
||
|
V.A.T. Number / NIF |
500070474 |
|
|||
|
Address |
Rua de Belmiro de Oliveira, s/n - P.O.Box. 235 |
|
|
||
|
Locality |
GUIMARAES |
Postal Code |
4800-134-GUIMARAES |
||
|
Municipality |
GUIMARAES |
District |
BRAGA |
||
|
Telephone |
253439630, 253519914 |
|
|
||
|
Fax |
253511923 |
|
|
||
|
E-Mail |
geral@textilcaesdepedra.pt |
|
|
||
|
Web Site |
www.textilcaesdepedra.pt |
|
|
||
|
|
|
|
|
||
|
C.A.E.(Rev 3) |
47711- Retail sale of clothing for adults in specialized |
|
|
||
|
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 |
|
Legal Form |
Joint Stock Company |
|
|
|
Constitution |
08-02-1965 |
V.A.T. Number / NIF |
500070474 |
|
Employees |
101 |
Capital |
324.350,00 |
|
Sales in : 31-12-2010 |
9.569.519,66 |
Shareholders Funds in: 31-12-2010 |
3.276.845,16 |
|
Credit |
Recommended |
Credit Limit |
49.880,00 |
|
Condition |
Normal |
Tendency |
Stationary |
|
Financing |
Guaranteed |
Payments |
Good |
|
Actual Condition |
In activity |
|
|
|
|
|
|
Board of Director's |
|
|
RICARDO HERCULANO DE FREITAS FERNANDES |
Shareholder and Board of Director's Pres. |
|
|
|
|
Fiscal Board |
|
|
ANTONIO SERRA CRUZ |
Fiscal Board Substitute |
|
CRUZ,CUNHA,CAMPOS & ASSOCIADOS SROC |
Unique Fiscal |
|
BANCO BPI, SA |
Centro de Empresas de Guimarγes |
|
MILLENNIUM BCP |
Guimarγes |
|
Start of activity in : 08-02-1965 |
|
Registed on the Register Record Office of Guimaraes with the Register
Number 500070474 previous number 920 in 08-02-1965 |
|
Constitution celebrated in 08-02-1965 published on Diαrio da Repϊblica
of 15-03-1965 |
|
To oblige the company it is necessary 1 signatures |
|
In 15-02-2011 on Portal MJ of 10-03-2011 board of director's change |
|
In 26-06-2009 on Portal MJ of 10-09-2009 board of director's change |
|
In 18-07-2008 on Portal MJ of 19-08-2008 board of director's change |
|
In 25-02-2008 on Portal MJ of 05-03-2008 board of director's change |
|
In 03-01-2008 on Portal MJ of 08-01-2008 business change |
|
The Capital is 324.350,00 , divided in 65000 shares , with a nominal
value of 4,99 |
|
|
with the following shareholders |
|
RICARDO HERCULANO DE FREITAS FERNANDES |
|
|
|
Trade Mark |
Quantity |
License Number |
|
Possui veiculos |
4 |
|
|
Company |
|
Companhia Seguros Allianz Portugal SA |
|
Axa Companhia de Seguros SA |
|
Event |
General Description |
|
Quality Certification |
A titular ι uma empresa certificada pela norma NP EN ISO 9002:1995. |
|
Line of Business |
Percentage |
|
Manufacture of pullovers, coats the outer
loops of similar
items and wholesale trade
and distribution of garments and accessories, as well as the retail sale of clothing and accessories |
100% |
|
|
|
Type of Clients |
Retailers/Wholesalers |
|
|
|
Sales Conditions |
Credit 30/60/90/120 days |
|
|
|
Sales Area |
|
|
|
|
Country |
55% |
Foreign |
45% |
|
Imports |
20% |
from |
BELGICA,FRANΗA,ITALIA,ESPANHA,REINO UNIDO |
|
Exports |
45% |
to |
ALEMANHA,FRANΗA,DINAMARCA,ESPANHA |
|
Pedra Collection |
|
Jean Pierry Knitwear |
|
Outboard |
|
Total |
101 |
|
|
|
|
|
|
|
Had head office Rua Eduardo Almeida, Quinta Cγes de Pedra, Apartado
235, Urgezes, 4800, GUIMARAES |
|
Had installations Lugar de Ponte de Serves em Guimarγes, Guimaraes,
4800, GUIMARAES |
|
Head office, warehouse and factory owned with an area of 22.000m2 m2
Rua de Belmiro de Oliveira, s/n - P.O.Box 235, GUIMARAES, 4800-134,
GUIMARAES, Tel:253439630, Fax:253511923 |
|
Date: 18-02-2011 |
Judicial District Porto - Tribunal do Trabalho |
|
|
Amount: 24.201,49 Euro |
Type: Acηγo de Processo Comum |
|
|
Author: Paulo Jorge Albuquerque Soares |
|
|
|
Process: 320/11.9TTPRT |
|
|
|
|
||
|
Observations: Juνzo Ϊnico - 3ͺ Secηγo |
||
|
|
||
|
Date: 21-10-2008 |
Judicial District Guimarγes |
1 Court |
|
Amount: 2.755,62 Euro |
Type: Especial Cump.Obrig. Pecuniarias DL 269/98 |
|
|
Author: Inarbel - Industria de Malhas e Confecηυes, S.A. |
|
|
|
Process: 170746/08.0YIPRT |
|
|
|
|
||
|
|
||
|
|
||
|
Date: 03-07-2007 |
Judicial District Guimarγes |
|
|
Amount: 317.808,31 Euro |
Type: Ordinαria |
|
|
Author: Trilateral - Soc. Comercio Internacional Unipessoal, Lda |
|
|
|
Process: 385/07.8TCGMR |
|
|
|
|
||
|
|
||
|
|
||
|
Date: 03-07-2007 |
Judicial District Guimarγes |
|
|
Amount: 168.411,02 Euro |
Type: Ordinαria |
|
|
Author: Carlos Teixeira da Silva & Filho |
|
|
|
Process: 384/07.0TCGMR |
|
|
|
|
||
|
|
||
|
|
||
|
Date: 25-05-2007 |
Judicial District Sγo Joγo da Madeira - Tribunal Judicial |
3 Court |
|
Amount: 100.000,00 Euro |
Type: Executiva Comum |
|
|
Author: Trilateral - Sociedade de Comercio Internacional-Unipessoal, |
Situation: Resolvida |
|
|
Process: 2353/07.0TBGMR |
|
|
|
|
||
|
|
||
|
|
||
|
Date: 14-05-2007 |
Judicial District Guimarγes |
|
|
Amount: 3.100.000,00 Euro |
Type: Executiva Comum |
|
|
Author: Trilateral - Sociedade de Comιrcio Internacional - Unipessoa |
Situation: Resolvida |
|
|
Process: 2140/07.6TBGMR |
|
|
|
|
||
|
|
||
|
|
||
|
Date: 17-01-2007 |
Judicial District Guimarγes |
|
|
Amount: 20.000,00 Euro |
Type: Ordinαria |
|
|
Author: Maxtil Textil de Malha Ldͺ |
|
|
|
Process: 48/07.4TCGMR |
|
|
|
|
||
|
|
||
|
|
||
|
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 |
-- |
Variaηγo (%) |
|
|
|
|||
|
ASSET |
|
|||
|
|
|
|
|
|
|
Non-current assets |
|
|||
|
Tangible fixed assets |
4.300.848,00 |
4.619.084,35 |
|
(6,89) |
|
Intangible assets |
1.470.559,25 |
1.346.322,32 |
|
9,23 |
|
Financial participations - other methods |
2.493,99 |
2.493,99 |
|
|
|
Deferred tax assets |
26.099,45 |
30.821,35 |
|
(15,32) |
|
Total |
5.800.000,69 |
5.998.722,01 |
|
(3,31) |
|
|
|
|
|
|
|
Current assets |
|
|
||
|
Inventories |
2.980.273,90 |
2.733.496,78 |
|
9,03 |
|
Costumers |
2.568.125,28 |
2.704.981,15 |
|
(5,06) |
|
Shareholders/partners |
16.026,39 |
24.026,39 |
|
(33,30) |
|
Other accounts receivable |
279.321,48 |
243.893,04 |
|
14,53 |
|
Deferrals |
43.716,17 |
60.099,04 |
|
(27,26) |
|
Other financial assets |
5.678,00 |
18.950,00 |
|
(70,04) |
|
Cashier and bank deposits |
147.445,28 |
80.491,08 |
|
83,18 |
|
Total |
6.040.586,50 |
5.865.937,48 |
|
2,98 |
|
TOTAL ASSET |
11.840.587,19 |
11.864.659,49 |
|
(0,20) |
|
|
|
|
|
|
|
SHAREHOLDERS FUNDS AND LIABILITIES |
|
|
||
|
|
|
|
|
|
|
SHAREHOLDERS FUNDS |
|
|
||
|
Capital |
324.350,00 |
324.350,00 |
|
|
|
Other shareholders funds instruments |
471.937,36 |
354.146,09 |
|
33,26 |
|
Legal reserves |
66.353,11 |
66.353,11 |
|
|
|
Other reserves |
1.142.068,12 |
732.053,97 |
|
56,01 |
|
Net retained |
(117.814,36) |
(107.277,95) |
|
9,82 |
|
Adjustments on financial assets |
(3.200,00) |
(3.200,00) |
|
|
|
Revaluation surplus |
1.115.038,74 |
1.163.810,72 |
|
(4,19) |
|
Other shareholders funds changes |
80.241,79 |
173.842,47 |
|
(53,84) |
|
Total |
3.078.974,76 |
2.704.078,41 |
|
13,86 |
|
Net income for the period |
197.870,40 |
410.014,15 |
|
(51,74) |
|
TOTAL OF SHAREHOLDERS FUNDS |
3.276.845,16 |
3.114.092,56 |
|
5,23 |
|
|
|
|
|
|
|
LIABILITY |
|
|
||
|
|
|
|
|
|
|
Non-current liiabilities |
|
|
||
|
Financing obtained |
2.561.357,28 |
2.524.865,89 |
|
1,45 |
|
Diferred taxes liabilities |
430.951,47 |
482.283,11 |
|
(10,64) |
|
Total |
2.992.308,75 |
3.007.149,00 |
|
(0,49) |
|
|
|
|
|
|
|
Current liabilities |
|
|
||
|
Suppliers |
1.702.535,89 |
1.394.918,58 |
|
22,05 |
|
State and other public entities |
359.238,17 |
272.028,28 |
|
32,06 |
|
Financing obtained |
3.149.094,13 |
2.968.208,68 |
|
6,09 |
|
Other payable accounts |
355.473,45 |
1.103.170,75 |
|
(67,78) |
|
Deferrals |
5.091,64 |
5.091,64 |
|
|
|
Total |
5.571.433,28 |
5.743.417,93 |
|
(2,99) |
|
TOTAL LIABILITIES |
8.563.742,03 |
8.750.566,93 |
|
(2,14) |
|
TOTAL SHAREHOLDERS FUNDS AND LIABILITIES |
11.840.587,19 |
11.864.659,49 |
|
(0,20) |
|
|
|
|
|
|
|
INCOME STATEMENT |
|
|
||
|
|
|
|
|
|
|
INCOME AND EXPENSES |
|
|
||
|
Sales and services |
9.569.519,66 |
8.734.497,21 |
|
9,56 |
|
Operating government grants |
|
14.384,49 |
|
|
|
Variation in production inventories |
(82.361,54) |
(447.728,67) |
|
(81,60) |
|
Cost of goods sold and materials consumed |
4.700.252,76 |
3.597.053,81 |
|
30,67 |
|
Suppliers and external services |
1.741.058,71 |
1.439.224,20 |
|
20,97 |
|
Personnel costs |
2.162.773,76 |
2.029.916,83 |
|
6,54 |
|
Impairment of receivables (losses/revearsals) |
(61.322,64) |
124.106,53 |
|
(149,41) |
|
Increases/decreases in fair value |
(190,00) |
|
|
|
|
Other income and gains |
289.343,19 |
233.036,60 |
|
24,16 |
|
Other expenses and losses |
167.905,97 |
144.911,20 |
|
15,87 |
|
Result before depreciation, financing costs and taxes |
1.065.642,75 |
1.198.977,06 |
|
(11,12) |
|
Expenses/reversals of depreciation and amortization |
681.311,27 |
528.457,96 |
|
28,92 |
|
Operating result (before financing costs and taxes) |
384.331,48 |
670.519,10 |
|
(42,68) |
|
Interest and similar income obtained |
4.235,68 |
1.728,61 |
|
145,03 |
|
interest and similar expenses incurred |
161.605,42 |
226.194,67 |
|
(28,55) |
|
Net before taxes |
226.961,74 |
446.053,04 |
|
(49,12) |
|
Income tax of the period |
29.091,34 |
36.038,89 |
|
(19,28) |
|
Net profit for the period |
197.870,40 |
410.014,15 |
|
(51,74) |
|
|
31-12-2009 |
|
|
Intangible Assets |
1.462.629,00 |
|
|
Tangible Assets |
4.619.084,00 |
|
|
Investments |
5.694,00 |
|
|
Stocks |
2.733.497,00 |
|
|
Short Term Receivable |
2.533.669,00 |
|
|
Trading Securities |
18.950,00 |
|
|
Banks and Cash |
80.491,00 |
|
|
Accruals and Deferrals |
60.099,00 |
|
|
Total Assets |
11.514.113,00 |
|
|
Shareholder's Funds |
3.191.255,00 |
|
|
Medium and Long Term Payable |
2.524.866,00 |
|
|
Short Term Payable |
4.949.688,00 |
|
|
Accruals and Deferrals |
848.306,00 |
|
|
Total Liabilities and Shareholder's Funds |
11.514.115,00 |
|
|
Cost of Goods and Consumable Materials |
3.597.054,00 |
|
|
Outside Supplies and Services |
1.439.224,00 |
|
|
Personnel Costs |
2.029.917,00 |
|
|
Sales |
8.734.497,00 |
|
|
Supplementary Income |
1.894,00 |
|
|
|
31-12-2007 |
31-12-2008 |
31-12-2009 |
|
Net Sales |
7.715.445,00 |
7.752.175,00 |
8.734.497,00 |
|
Net Income For the Year |
113.459,00 |
(392.288,00) |
410.014,00 |
|
Current Assets |
5.372.332,00 |
2.664.425,00 |
5.426.706,00 |
|
Short Term Payables |
5.296.186,00 |
6.391.789,00 |
4.949.688,00 |
|
Cash Flow |
76.146,00 |
(3.727.364,00) |
477.018,00 |
|
Total Assets |
7.820.744,00 |
9.957.996,00 |
11.514.113,00 |
|
Total Liabilities |
5.908.572,00 |
7.176.755,00 |
8.322.860,00 |
|
Shareholders Funds |
1.912.174,00 |
2.781.240,00 |
3.191.255,00 |
|
Personnel Costs |
1.405.454,00 |
1.798.732,00 |
2.029.917,00 |
|
|
31-12-2007 |
31-12-2008 |
31-12-2009 |
|
FINANCIAL SITUATION |
|
|
|
|
General Liquidity |
1,01 |
0,42 |
1,10 |
|
Immediate Liquidity |
0,58 |
0,04 |
0,54 |
|
Financial Autonomy |
0,24 |
0,28 |
0,28 |
|
Solvency |
0,32 |
0,39 |
0,38 |
|
RENTABILITY |
|
|
|
|
Sales Rentability |
1,47 % |
(5,06) % |
4,69 % |
|
Sales Rate Increase |
|
0,48 % |
12,67 % |
|
EFFICIΚNCY |
|
|
|
|
Assets Turnover |
0,99 |
0,78 |
0,76 |
|
Balance Sheet |
||
|
CoinEURO |
|
Date31-12-2009 |
|
|
||
|
|
Gross Assets |
Depreciations /
Provisions |
Net Assets |
|
Intangible Assets |
|
Subtotal |
1.571.087,00 |
108.458,00 |
1.462.629,00 |
|
Tangible Assets |
|
Subtotal |
9.868.468,00 |
5.249.384,00 |
4.619.084,00 |
|
Financial Investments |
|
Subtotal |
5.694,00 |
|
5.694,00 |
|
Stocks |
|
Subtotal |
2.733.497,00 |
|
2.733.497,00 |
|
Short Term Receivable |
|
Subtotal |
2.825.141,00 |
291.472,00 |
2.533.669,00 |
|
Trading Securities |
|
Subtotal |
18.950,00 |
|
18.950,00 |
|
Bank Deposits and Cash |
|
Cash |
6.650,00 |
|
6.650,00 |
|
Bank Deposites |
73.841,00 |
|
73.841,00 |
|
Subtotal |
80.491,00 |
|
80.491,00 |
|
Accruals and Deferrals |
|
Deferred Cost |
60.099,00 |
|
60.099,00 |
|
Subtotal |
60.099,00 |
|
60.099,00 |
|
|
|
Total Assets |
17.163.427,00 |
5.649.314,00 |
11.514.113,00 |
|
Shareholders Funds and Liabilities |
|
Shareholders Funds |
|
Capital |
324.350,00 |
|
|
Treasury Stock: |
|
|
|
Other Sup. |
354.146,00 |
|
|
Reserves : |
|
|
|
Legal |
1.163.811,00 |
|
|
Free |
798.407,00 |
|
|
Net Retained |
140.527,00 |
|
|
Net Income For the Year |
410.014,00 |
|
|
Total |
3.191.255,00 |
|
|
Short Term Payable |
|
Bank Loans |
2.112.275,00 |
|
|
Supliers Fixed Asset |
586.309,00 |
|
|
State and Other Public Bodies |
272.028,00 |
|
|
Other Creditors |
365.959,00 |
|
|
Trade Creditors |
809.786,00 |
|
|
Trade Notes Payable |
585.133,00 |
|
|
Shareholders |
93.321,00 |
|
|
Other Loans |
124.878,00 |
|
|
Subtotal |
4.949.688,00 |
|
|
Medium and Long Term Payable |
|
Bank Loans |
2.481.250,00 |
|
|
Adv. For Clients |
43.616,00 |
|
|
Subtotal |
2.524.866,00 |
|
|
Accruals and Deferrals |
|
Accrued Charges |
246.619,00 |
|
|
Diferred Income |
601.687,00 |
|
|
Subtotal |
848.306,00 |
|
|
TOTAL LIABILITIES |
8.322.860,00 |
|
|
TOTAL LIABILITIES AND SHAREHOLDERS FUNDS |
11.514.115,00 |
|
|
Income Statement |
|
Costs and Losses |
|
Cost of Materials Consumed and Goods Sold: |
|
|
|
Subtotal |
3.597.054,00 |
|
|
Outside Supplies and Services |
1.439.224,00 |
|
|
Personnel Costs |
|
|
|
Subtotal |
2.029.917,00 |
|
|
Depreciation |
528.458,00 |
|
|
Provisions |
124.107,00 |
|
|
Subtotal |
652.565,00 |
|
|
Other Operating Costs |
61.734,00 |
|
|
Int. and Similar Costs: |
|
|
|
Subtotal |
268.655,00 |
|
|
Ext. Costs and Losses |
40.717,00 |
|
|
Taxation Over Income |
36.039,00 |
|
|
Net Income For the Year |
410.014,00 |
|
|
Income and Profits |
|
Sales of : |
|
|
|
Products |
8.731.267,00 |
|
|
Services Provided |
3.230,00 |
|
|
Subtotal |
8.734.497,00 |
|
|
Variation in Production |
(447.729,00) |
|
|
Supplementary Income |
1.894,00 |
|
|
Other Operating Income and Gains |
14.384,00 |
|
|
Subtotal |
16.278,00 |
|
|
Trading Securities Income |
|
|
|
Int. and Similar Costs |
|
|
|
Other |
10.382,00 |
|
|
Extra Income and Gains |
222.489,00 |
|
|
Net Income For the Year |
410.014,00 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.02 |
|
|
1 |
Rs.79.01 |
|
Euro |
1 |
Rs.66.18 |
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.