|
Report Date : |
18.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
SAPEC-AGRO SA |
|
|
|
|
Registered Office : |
Avenida Do Rio Tejo, Herdade Das Praias - Apartado 11, Setubal Setubal, Postal Code 2910-Setubal, Setubal |
|
|
|
|
Country : |
Portugal |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
21.12.1988 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturer of pesticides and other agrochemicals |
|
|
|
|
No. of Employees : |
188 employees |
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 : |
Good |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Portugal |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
portugal - ECONOMIC OVERVIEW
Portugal has become a diversified and increasingly service-based economy since joining the European Community - the EU's predecessor - in 1986. Over the past two decades, successive governments have privatized many state-controlled firms and liberalized key areas of the economy, including the financial and telecommunications sectors. The country qualified for the Economic and Monetary Union (EMU) in 1998 and began circulating the euro on 1 January 2002 along with 11 other EU members. The economy had grown by more than the EU average for much of the 1990s, but fell back in 2001-08, and contracted 2.5% in 2009, before growing 1.3% in 2010. But GDP fell again in 2011, as the government implemented austerity measures, including a 5% public salary cut, a 2% increase in the value-added tax, and an extraordinary tax on yearend bonuses to comply with conditions of an EU-IMF financial rescue package agreed to in May 2011. GDP per capita stands at roughly two-thirds of the EU-27 average. A rigid labor market has been an obstacle to greater productivity and growth. Portugal also has been increasingly overshadowed by lower-cost producers in Central Europe and Asia as a destination for foreign direct investment. Portugal's low competitiveness, low growth prospects, and high levels of public debt have made it vulnerable to bond market turbulence. The government reduced the budget deficit from 10.1% of GDP in 2009 to 4.5% in 2011, an achievement made possible only by the extraordinary revenues obtained from the one-time transfer of bank pension funds to the social security system. Investors, however, continue to express concern about the government's ability to achieve future budget deficit targets and obtain foreign financing to cover its sovereign debt obligations when the EU-IMF financing program expires in 2013. Without the option for stimulus measures, the government is focusing instead on boosting exports and implementing labor market and other structural reforms to try to raise GDP growth and increase Portugal's competitiveness - which, over time, may help mitigate investor concerns.
|
Source : CIA |
|
Name |
SAPEC-AGRO SA |
|
|
|
|
|
V.A.T. Number /
NIF |
503463060 |
|
Address |
Avenida do Rio
Tejo, Herdade das Praias - Apartado 11 |
|
|
|
Locality |
Setubal |
Postal Code |
2910-SETUBAL |
|
Municipality |
SETUBAL |
District |
SETUBAL |
|
Telephone |
265710100 |
|
|
|
Fax |
265710105 |
|
|
|
E-Mail |
|
|
|
|
Web Site |
|
|
|
|
|
|
|
|
|
C.A.E.(Rev 3) |
20200-
Manufacture of pesticides and other agrochemicals |
|
|
All the amounts
are express in Euros, otherwise you will be advised
|
Legal Form |
Joint Stock
Company |
|
|
|
Constitution |
21-12-1988 |
V.A.T. Number /
NIF |
503463060 |
|
Employees |
188 |
Capital |
9.494.670,00 |
|
Sales in :
31-12-2011 |
88.587.647,00 |
Shareholders
Funds in: 31-12-2011 |
29.286.202,00 |
|
Condition |
Very Good |
Tendency |
Increasing |
|
Financing |
Guaranteed |
Payments |
Good |
|
Actual Condition
|
In activity |
|
|
-
|
Board of
Director's |
|
|
ERIC JOSE
GHISLAIN MARIE JOSEPH VAN INNIS |
Delegate
Administrator |
|
EDUARDO DE
ALMEIDA CATROGA |
Board of Director's
President |
|
ANTOINE JEAN
MARIE JOSEPH VELGE |
Administrator |
|
ANTONIO MANUEL
RODRIGUES MARQUES |
Administrator |
|
JOAO MANUEL
RIBEIRO CALCADA ESTRELA |
Administrator |
|
NUNO GUILHERME
LIBERATO LOUREIRO |
Administrator |
|
|
|
|
Fiscal Board |
|
|
PRICEWATERHOUSECOOPERS
& ASSOCIADOS-SOCIEDADE DE REVISORES OFICIAIS DE CONTAS LDA |
Unique Fiscal |
|
ANTONIO ALBERTO
HENRIQUES ASSIS |
Fiscal Board
Substitute |
|
|
|
|
Chair of General
Meeting |
|
|
JOSE PEDRO
DANTAS AZEVEDO PERDIGAO |
Chair of General
Meeting President |
|
MANUEL ANTONIO
ANTUNES TORRES |
Chair of General
Meeting Secretary |
|
BANCO SANTANDER
TOTTA SA |
5 de Outubro -
Setúbal |
|
BANCO ESPIRITO
SANTO, SA |
Setúbal |
|
CAIXA GERAL DE
DEPOSITOS, SA |
Setúbal |
|
MILLENNIUM BCP |
Setúbal |
|
FORTIS BANK -
SUCURSAL EM PORTUGAL |
Sede |
|
Registered on
the Register Record Office of Setubal with the Register Number 503463060 in
11-05-2007 |
|
Constitution celebrated
in 21-12-1988 published on Diário da República number 16 of 19-01-1989 |
|
To oblige the
company it is necessary 2 signature |
|
In 22-11-2011 on
Portal MJ of 05-12-2011 business change |
|
In 17-10-2011 on
Portal MJ of 20-12-2011 board of director's change |
|
In 14-10-2011 on
Portal MJ of 22-11-2011 board of director's change |
|
In 12-07-2010 on
Portal MJ of 26-01-2011 board of director's change |
|
In 09-07-2010 on
Portal MJ of 26-01-2011 board of director's change |
|
The Capital is
9.494.670,00 |
|
|
with the
following shareholders |
|
SAPEC
PORTUGAL-SGPS SA |
9.494.670,00 |
100% |
|
|
|
|
Number |
18494 |
|
NAME |
SAPEC
PORTUGAL-SGPS SA |
|
Function |
Shareholder |
|
Address |
Alameda dos
Oceanos - Edifício Smart, Lote 1.06.1.1-4º A/B - Parque das Nações |
|
Locality |
LISBOA |
|
Telephone |
213222777 |
|
Fax |
213222778 |
|
C.A.E. |
64202-Actividades
das sociedades gestoras de participações sociais não financeiras |
|
Trade Mark |
Quantity |
License Number |
|
Uma frota de |
62 |
|
|
Company |
|
Império Bonança
Companhia de Seguros SA |
|
Tranquilidade
Seguros SA |
|
Event |
General
Description |
|
Quality
Certification |
A titular é uma
empresa certificada pelas normas NP EN ISO 9001:2008, NP EN ISO 14001:2004,
OHSAS 18001:2007/ NP 4397:2008 e NP 4457:2007. |
|
Line of Business |
Percentage |
|
Produção e/ou comercialização de
fertilizantes e produtos agroquímicos seja qual for o seu tipo e o processo
de fabrico, biocidas, medicamentos, nutrientes e produtos para uso
veterinário, podendo ainda produzir e/ou comercializar outros factores de
produção e serviços ligados à agricultura, quer directamente, quer através de
empresas afiliadas ou subsidiárias. |
100% |
|
Type of Clients |
Private
Companies/Public |
|
|
|
Sales Conditions
|
Cash/credit |
|
|
|
Sales Area |
|
|
|
|
Country |
80% |
Foreign |
20% |
|
Imports from |
AUSTRIA,ALEMANHA,BELGICA,ESPANHA,FRANÇA,IRAQUE,ITALIA,NORUEGA,TUNISIA |
|
|
|
Exports |
20% |
to |
ALEMANHA,CHINA,
REPUBLICA
POPULAR,EGIPTO,EQUADOR,ESPANHA,FRANÇA,ITALIA,MARROCOS,PERU,TAILANDIA |
Sapec
|
Total |
188 |
|
Had
installations Avenida dos Combatentes da Grande Guerra, 31-1º Dto., Beja,
7800, BEJA |
|
Had installations
Rua do Bom Jesus, 9-2 Sub/Loja em Santa Luzia, Funchal, 9000, FUNCHAL |
|
Had
installations Rua de Mértola, 25 , Beja, 7800, BEJA |
|
Installations
Alameda dos Oceanos, lote 1.06.1.1 - 4º, LISBOA, 1990-207, LISBOA,
Tel:213222731, Fax:213222735 |
|
Head office and
installations owned Avenida do Rio Tejo, Herdade das Praias - Apartado 11,
Setubal, 2910, SETUBAL, Tel:265710100, Fax:265710105 |
|
Had
installations Rua Sá da Bandeira, 746-1º Dto., PORTO, 4000-432, PORTO |
|
Had
installations Sitio das Pedreiras, Beja, 7800, BEJA |
|
Had
installations Avenida da Estação - Lugar da Ribeira, Santarem, SANTAREM |
|
Had head office
Rua Victor Cordon, 19 , Lisboa, 1200, LISBOA |
Legal Actions
|
Date |
Process |
Author |
Type |
Amount |
Judicial District |
Court |
Situation |
|
26-03-2012 |
270/12.1TTSTB |
Marco António
Margarido Lopes |
Acção de
Processo Comum |
4.914,00 |
Setúbal -
Tribunal do Trabalho |
|
|
|
26-03-2012 |
271/12.0TTSTB |
João Carlos
Rocha Rodrigues |
Acção de Processo
Comum |
4.914,00 |
Setúbal -
Tribunal do Trabalho |
|
|
|
06-05-2010 |
427/10.0TTSTB |
José Nicolau
Nunes Miranda |
Acção de
Processo Comum |
944,40 |
Setúbal -
Tribunal do Trabalho |
|
|
Consulted sources say
that the subject has been settling its payments and commercial commitments and
is well respected in the market, so credit connections with this company are
recommended.
|
The subject
participates on the following company(ies) |
|
|
|
|
|
Number |
319965 |
|
NAME |
ORERO/SAPEC AGRO
LDA |
|
Address |
HERDADE DAS
PRAIAS-SADO |
|
Locality |
Setubal |
|
C.A.E. |
01252- Culture
of other fruit on trees and shrubs |
|
Capital |
299.278,74 |
|
Participation |
50% |
|
|
|
|
Number |
88544 |
|
NAME |
SAPEC
AGRO-ESPANA SA |
|
Address |
Avenida de
Colou, 1 - Badajoz |
|
Locality |
Espanha |
|
Capital |
114.324,48 |
|
Participation |
100% |
|
|
|
|
Number |
88522 |
|
NAME |
SELECTIS-PRODUTOS
PARA A AGRICULTURA SA |
|
Address |
Herdade das Praias,
Apartado 120 - E.C. Bonfim |
|
Locality |
Setubal |
|
Telephone |
265710351 |
|
Fax |
265710355 |
|
E-Mail |
geral@selectis.pt |
|
Web Site |
www.selectis.pt |
|
C.A.E. |
20200-
Manufacture of pesticides and other agrochemicals |
|
Capital |
99.759,58 |
|
Participation |
100% |
|
Balance Sheet SNC |
||
|
CoinEURO |
|
Date31-12-2011 |
|
|
||
|
Closing Date |
31-12-2011 |
31-12-2010 |
31-12-2009 |
Variação (%) |
|
|
|
|||
|
ASSET |
|
|||
|
|
|
|
|
|
|
Non-current
assets |
|
|||
|
Tangible fixed
assets |
14.021.508,00 |
15.061.655,00 |
15.445.717,00 |
(6,91) |
|
Goodwill |
3.916.352,00 |
3.916.352,00 |
3.916.352,00 |
|
|
Intangible
assets |
20.093.332,00 |
14.636.837,00 |
10.824.477,00 |
37,28 |
|
Financial
participations - patrimonial equity method |
4.633.865,00 |
3.862.218,00 |
3.440.637,00 |
19,98 |
|
Financial
participations - other methods |
7.500,00 |
7.500,00 |
|
|
|
Deferred tax
assets |
76.170,00 |
76.170,00 |
73.712,00 |
|
|
Total |
42.748.727,00 |
37.560.732,00 |
33.700.895,00 |
13,81 |
|
|
|
|
|
|
|
Current assets |
|
|
||
|
Inventories |
26.900.370,00 |
29.617.500,00 |
25.928.551,00 |
(9,17) |
|
Costumers |
22.274.865,00 |
23.440.521,00 |
15.504.855,00 |
(4,97) |
|
State and other
public entities |
1.066.739,00 |
736.993,00 |
568.570,00 |
44,74 |
|
Other accounts
receivable |
1.399.028,00 |
2.227.747,00 |
1.636.970,00 |
(37,20) |
|
Deferrals |
299.024,00 |
196.282,00 |
181.592,00 |
52,34 |
|
Other financial
assets |
266.068,00 |
|
53.851,00 |
|
|
Cashier and bank
deposits |
2.708.257,00 |
792.384,00 |
112.191,00 |
241,79 |
|
Total |
54.914.351,00 |
57.011.427,00 |
43.986.580,00 |
(3,68) |
|
TOTAL ASSET |
97.663.078,00 |
94.572.159,00 |
77.687.475,00 |
3,27 |
|
|
|
|
|
|
|
SHAREHOLDERS
FUNDS AND LIABILITIES |
|
|
||
|
|
|
|
|
|
|
SHAREHOLDERS
FUNDS |
|
|
||
|
Capital |
9.494.670,00 |
9.494.670,00 |
9.494.670,00 |
|
|
Emission
premiuns |
116.840,00 |
116.840,00 |
116.840,00 |
|
|
Legal reserves |
993.026,00 |
867.106,00 |
762.242,00 |
14,52 |
|
Net retained |
12.104.858,00 |
10.133.988,00 |
8.064.880,00 |
19,45 |
|
Adjustments on
financial assets |
(31.287,00) |
(452.868,00) |
364.661,00 |
(93,09) |
|
Revaluation
surplus |
2.632.202,00 |
2.632.202,00 |
2.633.564,00 |
|
|
Other
shareholders funds changes |
87.234,00 |
92.169,00 |
99.953,00 |
(5,35) |
|
Total |
25.397.543,00 |
22.884.107,00 |
21.536.810,00 |
10,98 |
|
Net income for
the period |
3.888.659,00 |
2.518.371,00 |
2.106.443,00 |
54,41 |
|
TOTAL OF
SHAREHOLDERS FUNDS |
29.286.202,00 |
25.402.478,00 |
23.643.253,00 |
15,29 |
|
|
|
|
|
|
|
LIABILITY |
|
|
||
|
|
|
|
|
|
|
Non-current
liiabilities |
|
|
||
|
Financing
obtained |
9.970.005,00 |
17.430.509,00 |
17.286.667,00 |
(42,80) |
|
Diferred taxes
liabilities |
1.039.759,00 |
1.088.364,00 |
1.114.965,00 |
(4,47) |
|
Other payable
accounts |
1.149.941,00 |
1.104.501,00 |
1.207.826,00 |
4,11 |
|
Total |
12.159.705,00 |
19.623.374,00 |
19.609.458,00 |
(38,03) |
|
|
|
|
|
|
|
Current
liabilities |
|
|
||
|
Suppliers |
17.031.695,00 |
14.765.008,00 |
8.757.162,00 |
15,35 |
|
State and other
public entities |
301.664,00 |
271.485,00 |
274.036,00 |
11,12 |
|
Shareholders/partners
|
8.409.569,00 |
8.847.569,00 |
15.032.625,00 |
(4,95) |
|
Financing
obtained |
24.157.901,00 |
18.756.899,00 |
5.416.039,00 |
28,79 |
|
Other payable
accounts |
6.316.342,00 |
6.853.780,00 |
4.954.902,00 |
(7,84) |
|
Other financial
liabilities |
|
51.566,00 |
|
|
|
Total |
56.217.171,00 |
49.546.307,00 |
34.434.764,00 |
13,46 |
|
TOTAL
LIABILITIES |
68.376.876,00 |
69.169.681,00 |
54.044.222,00 |
(1,15) |
|
TOTAL
SHAREHOLDERS FUNDS AND LIABILITIES |
97.663.078,00 |
94.572.159,00 |
77.687.475,00 |
3,27 |
|
|
|
|
|
|
|
INCOME STATEMENT
|
|
|
||
|
|
|
|
|
|
|
INCOME AND
EXPENSES |
|
|
||
|
Sales and
services |
88.587.647,00 |
64.635.047,00 |
65.110.894,00 |
37,06 |
|
Gains/losses
allocated subsidiaries, associates and joint ventures |
771.647,00 |
421.581,00 |
(817.529,00) |
83,04 |
|
Variation in
production inventories |
(853.330,00) |
1.632.896,00 |
(3.377.835,00) |
(152,26) |
|
Work for the
entity itself |
1.528.110,00 |
365.549,00 |
333.751,00 |
318,03 |
|
Cost of goods
sold and materials consumed |
58.092.821,00 |
42.200.534,00 |
40.275.791,00 |
37,66 |
|
Suppliers and
external services |
13.376.517,00 |
11.577.675,00 |
9.901.400,00 |
15,54 |
|
Personnel costs |
9.438.552,00 |
8.322.962,00 |
7.889.924,00 |
13,40 |
|
Impairment of
receivables (losses/revearsals) |
123.155,00 |
68.403,00 |
|
80,04 |
|
Increases/decreases
in fair value |
|
(105.417,00) |
462.068,00 |
|
|
Other income and
gains |
5.187.450,00 |
4.784.868,00 |
7.981.845,00 |
8,41 |
|
Other expenses
and losses |
3.355.915,00 |
2.745.885,00 |
3.897.448,00 |
22,22 |
|
Result before
depreciation, financing costs and taxes |
10.834.564,00 |
6.819.065,00 |
7.728.631,00 |
58,89 |
|
Expenses/reversals
of depreciation and amortization |
2.989.472,00 |
2.434.104,00 |
2.300.971,00 |
22,82 |
|
Operating result
(before financing costs and taxes) |
7.845.092,00 |
4.384.961,00 |
5.427.660,00 |
78,91 |
|
Interest and
similar income obtained |
551,00 |
5.814,00 |
12.286,00 |
(90,52) |
|
interest and
similar expenses incurred |
2.888.066,00 |
1.795.384,00 |
2.882.694,00 |
60,86 |
|
Net before taxes
|
4.957.577,00 |
2.595.391,00 |
2.557.252,00 |
91,01 |
|
Income tax of
the period |
1.068.918,00 |
77.020,00 |
450.809,00 |
1.287,84 |
|
Net profit for
the period |
3.888.659,00 |
2.518.371,00 |
2.106.443,00 |
54,41 |
|
|
31-12-2009 |
|
|
Intangible
Assets |
1.673.554,00 |
|
|
Tangible Assets |
20.784.137,00 |
|
|
Investments |
7.809.649,00 |
|
|
Stocks |
25.928.551,00 |
|
|
Medium and Long
Term Receivable |
65.860,00 |
|
|
Short Term Receivable
|
17.959.155,00 |
|
|
Banks and Cash |
112.191,00 |
|
|
Accruals and
Deferrals |
181.592,00 |
|
|
Total Assets |
74.514.689,00 |
|
|
Shareholder's
Funds |
20.762.617,00 |
|
|
Provisions |
325.835,00 |
|
|
Medium and Long
Term Payable |
17.286.667,00 |
|
|
Short Term
Payable |
34.938.572,00 |
|
|
Accruals and
Deferrals |
1.200.998,00 |
|
|
Total
Liabilities and Shareholder's Funds |
74.514.689,00 |
|
|
Cost of Goods
and Consumable Materials |
40.275.791,00 |
|
|
Outside Supplies
and Services |
9.901.400,00 |
|
|
Personnel Costs |
7.843.116,00 |
|
|
Sales |
65.110.894,00 |
|
|
Supplementary
Income |
1.667.893,00 |
|
|
|
31-12-2007 |
31-12-2008 |
31-12-2009 |
|
Net Sales |
56.096.233,00 |
69.462.934,00 |
65.110.894,00 |
|
Net Income For
the Year |
930.030,00 |
417.298,00 |
2.097.264,00 |
|
Current Assets |
44.691.312,00 |
78.185.043,00 |
44.181.489,00 |
|
Short Term
Payables |
27.155.971,00 |
68.973.031,00 |
34.938.572,00 |
|
Cash Flow |
17.535.341,00 |
9.212.012,00 |
9.242.917,00 |
|
Total Assets |
67.401.595,00 |
104.977.431,00 |
74.514.689,00 |
|
Total
Liabilities |
48.957.330,00 |
86.224.664,00 |
53.752.072,00 |
|
Shareholders
Funds |
18.444.263,00 |
18.752.768,00 |
20.762.617,00 |
|
Personnel Costs |
6.639.549,00 |
7.327.008,00 |
7.843.116,00 |
|
|
31-12-2007 |
31-12-2008 |
31-12-2009 |
|
FINANCIAL
SITUATION |
|
|
|
|
General
Liquidity |
1,65 |
1,13 |
1,26 |
|
Immediate
Liquidity |
0,69 |
0,64 |
0,52 |
|
Financial
Autonomy |
0,27 |
0,18 |
0,28 |
|
Solvency |
0,38 |
0,22 |
0,39 |
|
RENTABILITY |
|
|
|
|
Sales
Rentability |
1,66 % |
0,60 % |
3,22 % |
|
Sales Rate
Increase |
|
23,83 % |
(6,27) % |
|
EFFICIÊNCY |
|
|
|
|
Assets Turnover |
0,83 |
0,66 |
0,87 |
|
Balance Sheet |
||
|
CoinEURO |
|
Date31-12-2009 |
|
|
||
|
|
Gross Assets |
Depreciations /
Provisions |
Net Assets |
|
Intangible Assets |
|
Subtotal |
2.876.232,00 |
1.202.678,00 |
1.673.554,00 |
|
Tangible Assets |
|
Subtotal |
34.187.352,00 |
13.403.215,00 |
20.784.137,00 |
|
Financial Investments |
|
Subtotal |
7.959.288,00 |
149.639,00 |
7.809.649,00 |
|
Stocks |
|
Subtotal |
25.928.551,00 |
|
25.928.551,00 |
|
Medium and Long Term Receivable |
|
Subtotal |
65.860,00 |
|
65.860,00 |
|
Short Term Receivable |
|
Subtotal |
18.403.391,00 |
444.236,00 |
17.959.155,00 |
|
Bank Deposits and Cash |
|
Cash |
20.941,00 |
|
20.941,00 |
|
Bank Deposites |
91.250,00 |
|
91.250,00 |
|
Subtotal |
112.191,00 |
|
112.191,00 |
|
Accruals and Deferrals |
|
Deferred Cost |
181.592,00 |
|
181.592,00 |
|
Subtotal |
181.592,00 |
|
181.592,00 |
|
|
|
Total Assets |
89.714.457,00 |
15.199.768,00 |
74.514.689,00 |
|
Shareholders Funds and Liabilities |
|
Shareholders Funds |
|
Capital |
9.494.670,00 |
|
|
Treasury Stock: |
|
|
|
Share-Issue
Premiuns |
116.840,00 |
|
|
Reserves : |
|
|
|
Legal |
1.836,00 |
|
|
Free |
762.242,00 |
|
|
Net Retained |
8.289.765,00 |
|
|
Net Income For
the Year |
2.097.264,00 |
|
|
Total |
20.762.617,00 |
|
|
Provisions |
|
Subtotal |
325.835,00 |
|
|
Short Term Payable |
|
Bank Loans |
5.416.039,00 |
|
|
Supliers Fixed
Asset |
1.699.043,00 |
|
|
State and Other
Public Bodies |
510.361,00 |
|
|
Other Creditors |
78.843,00 |
|
|
Trade Creditors |
8.757.162,00 |
|
|
Group Companies |
18.477.123,00 |
|
|
Subtotal |
34.938.572,00 |
|
|
Medium and Long Term Payable |
|
Bank Loans |
17.286.667,00 |
|
|
Subtotal |
17.286.667,00 |
|
|
Accruals and Deferrals |
|
Accrued Charges |
1.065.007,00 |
|
|
Diferred Income |
135.991,00 |
|
|
Subtotal |
1.200.998,00 |
|
|
TOTAL
LIABILITIES |
53.752.072,00 |
|
|
TOTAL
LIABILITIES AND SHAREHOLDERS FUNDS |
74.514.689,00 |
|
|
Income Statement |
|
Costs and Losses |
|
Cost of
Materials Consumed and Goods Sold: |
|
|
|
Subtotal |
40.275.791,00 |
|
|
Outside Supplies
and Services |
9.901.400,00 |
|
|
Personnel Costs |
|
|
|
Subtotal |
7.843.116,00 |
|
|
Depreciation |
2.300.971,00 |
|
|
Subtotal |
2.300.971,00 |
|
|
Other Operating
Costs |
246.769,00 |
|
|
Int. and Similar
Costs: |
|
|
|
Subtotal |
5.343.356,00 |
|
|
Ext. Costs and
Losses |
1.915.871,00 |
|
|
Taxation Over
Income |
136.403,00 |
|
|
Net Income For
the Year |
2.097.264,00 |
|
|
Income and Profits |
|
Sales of : |
|
|
|
Products |
64.914.229,00 |
|
|
Services
Provided |
196.665,00 |
|
|
Subtotal |
65.110.894,00 |
|
|
Variation in
Production |
(3.377.835,00) |
|
|
Own Works |
333.751,00 |
|
|
Supplementary
Income |
1.667.893,00 |
|
|
Other Operating
Income and Gains |
37.101,00 |
|
|
Subtotal |
2.038.745,00 |
|
|
Trading
Securities Income |
|
|
|
Int. and Similar
Costs |
|
|
|
Other |
2.093.000,00 |
|
|
Extra Income and
Gains |
4.196.137,00 |
|
|
Net Income For
the Year |
2.097.264,00 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.75 |
|
UK Pound |
1 |
Rs.85.08 |
|
Euro |
1 |
Rs.69.04 |
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.