|
Report Date : |
18.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
TRIFITROFA-COMERCIO DE FIOS E TECIDOS LDA |
|
|
|
|
Registered Office : |
Rua Teófilo Braga nº. 115, Bougado (Sao Martinho) 4785-203-Trofa, Trofa |
|
|
|
|
Country : |
Portugal |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
03.04.1984 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
line of business
: |
Wholesale trade of textiles |
|
|
|
|
No. of Employees : |
9 |
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: |
EURO 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 – 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 |
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 |
TRIFITROFA-COMERCIO DE FIOS E TECIDOS LDA |
|
|
|
Address |
Rua Teófilo Braga nº. 115 |
V.A.T. Number / NIF |
501508120 |
|
Locality |
BOUGADO (SAO MARTINHO) |
|
|
|
Municipality |
TROFA |
Postal Code |
4785-203-TROFA |
|
Telephone |
252416821 |
District |
PORTO |
|
Fax |
252414433 |
|
|
|
E-Mail |
trifitrofa@clix.pt |
|
|
|
Web Site |
www.trifitrofa.com |
|
|
|
|
|
|
|
|
C.A.E.(Rev 3) |
46410- Wholesale trade of textiles |
|
|
|
|
|
|
|
|
All the amounts are express in Euros, otherwise you will be advised |
|
Legal Form |
Private Limited Company |
V.A.T. Number / NIF |
501508120 |
|
Constitution |
05-04-1984 |
Capital |
100.000,00 |
|
Employees |
9 |
Shareholders Funds in: 31-12-2011 |
4.429.465,57 |
|
Sales in : 31-12-2011 |
21.446.321,22 |
Credit Limit |
49.880,00 |
|
Credit |
Recommended |
Tendency |
Stationary |
|
Condition |
Normal |
Payments |
Good |
|
Financing |
Guaranteed |
|
|
|
Actual Condition |
In activity |
|
|
|
|
|
|
|
|
GABRIEL REIS DA SILVA |
Managing-Partner |
|
JAIME GOMES DE AZEVEDO |
Managing-Partner |
|
CAIXA GERAL DE DEPOSITOS, SA |
Santo Tirso |
|
BANCO ESPIRITO SANTO, SA |
Centro de Empresas de Famalicão |
|
BANIF - BANCO INTERNACIONAL DO FUNCHAL, SA |
Centro de Empresas de Famalicão |
|
Registed on the Register Record Office of Trofa with the Register
Number 501508120 previous number 1358 in 17-01-1985 |
|
Constitution celebrated in 05-04-1984 published on Diário da República
number 99 of 28-04-1984 |
|
To oblige the company it is necessary 1 signatures |
|
In 05-07-2012 on Portal MJ of 09-07-2012 head office change |
|
In 05-08-2009 on Portal MJ of 07-08-2009 head office change |
|
In 30-11-2004 on Diário da República number 41 of 28-02-2005 increase
of capital |
|
The Capital is 100.000,00 |
|
|
with the following distribution |
|
CANDIDA MARIA CUNHA DA SILVA RODRIGUES |
|
|
|
GABRIEL REIS DA SILVA |
|
|
|
ANA PAULA CUNHA DA SILVA MATOS |
|
|
|
JAIME GOMES DE AZEVEDO |
50.000,00 |
50% |
|
Name |
CANDIDA MARIA CUNHA DA SILVA RODRIGUES |
|
Funtion |
Partner |
|
Address |
Rua Latino Coelho nº. 19 |
|
Locality |
BOUGADO (S.MARTINHO) |
|
Civil State |
Married |
|
Consort |
Vitor Manuel Marques Rodrigues |
|
|
|
|
Name |
GABRIEL REIS DA SILVA |
|
Funtion |
Managing-Partner |
|
Address |
Rua Latino Coelho, nº 19, Valdeirigo |
|
Locality |
TROFA |
|
Civil State |
Widow |
|
Professional Connections |
The subject has connections with the following company (ies) |
|
|
SEPORMALHA-COMERCIO E INDUSTRIA DE MALHAS LDA as Manager . |
|
|
|
|
Name |
ANA PAULA CUNHA DA SILVA MATOS |
|
Funtion |
Partner |
|
Address |
Rua Trindade Coelho nº. 309 |
|
Locality |
S. MARTINHO DE BOUGADO |
|
Civil State |
Married |
|
Consort |
Manuel Azevedo de matos |
|
|
|
|
Name |
JAIME GOMES DE AZEVEDO |
|
Funtion |
Managing-Partner |
|
Address |
Rua Alfredo Guedes Machado, nº 36 |
|
Locality |
Trofa(Santo Tirso) |
|
Birth Date |
19-04-1944 |
|
Naturality |
Santo Tirso |
|
Civil State |
Married |
|
Consort |
Cândida Rodrigues da Costa |
|
Previous Connections |
Foi sócio gerente da firma José Luís Pacheco Lda, até à data da sua dissolução. |
|
Professional Connections |
The subject has connections with the following company (ies) |
|
|
EGO-FABRICA E COMERCIO DE ARTIGOS SANITARIOS LDA as Managing-Partner
with a participation of 33.219,94 , in a capital of 49.879,79 . |
|
|
SEPORMALHA-COMERCIO E INDUSTRIA DE MALHAS LDA as Managing-Partner with
a participation of 59.855,74 , in a capital of 199.519,16 . |
|
|
CONCEPTIMAPA-IMOBILIARIA SA as Shareholder and Unique Administrator with
a participation of 30.000,00 , in a capital of 50.000,00 . |
|
Company |
|
Império Bonança Companhia de Seguros SA |
|
Companhia Seguros Allianz Portugal SA |
|
Event |
General Description |
|
|
Existe uma quota em comum no valor de 50.000€ a favor dos sócios
Gabriel Reis da Silva, Ana Paula Cunha da Silva Matos e Cândida Maria Cunha
da Silva Rodrigues. |
|
Line of Business |
Percentage |
|
Comércio de fios de algodão e seus derivados |
100% |
|
Type of Clients |
Industries/Private Companies |
|
|
|
Sales Conditions |
Cash/credit |
|
|
|
Sales Area |
|
|
|
|
Country |
100% |
|
|
|
Total |
9 |
|
Had head office Rua Alfredo Costa Peniche s/n, SAO MARTINHO DO
BOUGADO, 4785-280, TROFA |
|
Head office Rua Teófilo Braga nº. 115 , BOUGADO (SAO MARTINHO),
4785-203, TROFA, Tel:252416821, Fax:252414433 |
|
Had head office Valdeirigo, SAO MARTINHO DO BOUGADO, 4750, TROFA |
|
There are no 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. |
|
The subject participates on the following company(ies) |
|
|
|
|
|
IIC Number |
93003 |
|
NAME |
SEPORMALHA-COMERCIO E INDUSTRIA DE MALHAS LDA |
|
Address |
Rua de Dona Goncinha |
|
Locality |
ABELHEIRA |
|
Telephone |
252403900 |
|
Fax |
252403909 |
|
E-Mail |
sepormalha@sapo.pt |
|
C.A.E. |
13910- Manufacture of knitted fabrics |
|
Capital |
199.519,16 |
|
Participation |
70% |
|
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 |
2.848.625,06 |
2.073.403,82 |
1.999.012,65 |
37,39 |
|
Financial participations - other methods |
|
22.500,00 |
5.000,00 |
|
|
Other financial assets |
22.500,00 |
|
|
|
|
Total |
2.871.125,06 |
2.095.903,82 |
2.004.012,65 |
36,99 |
|
|
|
|
|
|
|
Current assets |
|
|
||
|
Inventories |
1.430.125,50 |
3.095.985,95 |
2.125.409,25 |
(53,81) |
|
Costumers |
8.375.217,83 |
10.059.443,44 |
7.439.538,31 |
(16,74) |
|
Advances to suppliers |
141.228,82 |
54.642,71 |
|
158,46 |
|
State and other public entities |
245.363,50 |
465.430,01 |
271.512,74 |
(47,28) |
|
Other accounts receivable |
398.887,25 |
288.885,32 |
132.359,02 |
38,08 |
|
Deferrals |
36.613,82 |
23.112,94 |
16.930,27 |
58,41 |
|
Cashier and bank deposits |
2.703.270,88 |
1.069.329,98 |
1.746.540,32 |
152,80 |
|
Total |
13.330.707,60 |
15.056.830,35 |
11.732.289,91 |
(11,46) |
|
TOTAL ASSET |
16.201.832,66 |
17.152.734,17 |
13.736.302,56 |
(5,54) |
|
|
|
|
|
|
|
SHAREHOLDERS FUNDS AND LIABILITIES |
|
|
||
|
|
|
|
|
|
|
SHAREHOLDERS FUNDS |
|
|
||
|
Capital |
100.000,00 |
100.000,00 |
100.000,00 |
|
|
Legal reserves |
61.000,00 |
61.000,00 |
61.000,00 |
|
|
Other reserves |
3.366.410,63 |
2.659.997,06 |
1.984.874,88 |
26,56 |
|
Total |
3.527.410,63 |
2.820.997,06 |
2.145.874,88 |
25,04 |
|
Net income for the period |
902.054,94 |
706.413,57 |
675.122,18 |
27,70 |
|
TOTAL OF SHAREHOLDERS FUNDS |
4.429.465,57 |
3.527.410,63 |
2.820.997,06 |
25,57 |
|
|
|
|
|
|
|
LIABILITY |
|
|
||
|
|
|
|
|
|
|
Non-current liiabilities |
|
|
||
|
Financing obtained |
1.368.857,21 |
2.176.332,00 |
2.031.424,00 |
(37,10) |
|
Total |
1.368.857,21 |
2.176.332,00 |
2.031.424,00 |
(37,10) |
|
|
|
|
|
|
|
Current liabilities |
|
|
||
|
Suppliers |
3.637.337,62 |
4.610.164,67 |
3.638.330,55 |
(21,10) |
|
Advances from costumers |
4.417,20 |
|
|
|
|
State and other public entities |
457.548,12 |
316.028,13 |
309.589,95 |
44,78 |
|
Financing obtained |
5.869.170,98 |
6.155.567,33 |
4.746.860,00 |
(4,65) |
|
Other payable accounts |
435.035,96 |
367.231,41 |
189.101,00 |
18,46 |
|
Total |
10.403.509,88 |
11.448.991,54 |
8.883.881,50 |
(9,13) |
|
TOTAL LIABILITIES |
11.772.367,09 |
13.625.323,54 |
10.915.305,50 |
(13,60) |
|
TOTAL SHAREHOLDERS FUNDS AND LIABILITIES |
16.201.832,66 |
17.152.734,17 |
13.736.302,56 |
(5,54) |
|
|
|
|
|
|
|
INCOME STATEMENT |
|
|
||
|
|
|
|
|
|
|
INCOME AND EXPENSES |
|
|
||
|
Sales and services |
21.446.321,22 |
21.568.913,59 |
14.292.315,66 |
(0,57) |
|
Cost of goods sold and materials consumed |
13.667.905,70 |
14.018.651,24 |
8.733.372,79 |
(2,50) |
|
Suppliers and external services |
4.695.668,10 |
5.141.238,28 |
3.456.570,17 |
(8,67) |
|
Personnel costs |
544.991,82 |
350.808,24 |
407.903,15 |
55,35 |
|
Impairment of receivables (losses/revearsals) |
220.966,43 |
374.376,78 |
435.498,71 |
(40,98) |
|
Other income and gains |
311.124,64 |
162.686,12 |
328.206,17 |
91,24 |
|
Other expenses and losses |
585.030,49 |
413.542,91 |
183.736,75 |
41,47 |
|
Result before depreciation, financing costs and taxes |
2.042.883,32 |
1.432.982,26 |
1.403.440,26 |
42,56 |
|
Expenses/reversals of depreciation and amortization |
213.319,49 |
198.631,96 |
179.843,34 |
7,39 |
|
Operating result (before financing costs and taxes) |
1.829.563,83 |
1.234.350,30 |
1.223.596,92 |
48,22 |
|
Interest and similar income obtained |
7.923,38 |
|
|
|
|
interest and similar expenses incurred |
540.306,40 |
227.102,15 |
273.031,27 |
137,91 |
|
Net before taxes |
1.297.180,81 |
1.007.248,15 |
950.565,65 |
28,78 |
|
Income tax of the period |
395.125,87 |
300.834,58 |
275.443,47 |
31,34 |
|
Net profit for the period |
902.054,94 |
706.413,57 |
675.122,18 |
27,70 |
|
|
31-12-2009 |
|
|
Tangible Assets |
1.999.013,00 |
|
|
Stocks |
2.125.409,00 |
|
|
Medium and Long Term Receivable |
10.668,00 |
|
|
Short Term Receivable |
4.430.091,00 |
|
|
Trading Securities |
5.000,00 |
|
|
Banks and Cash |
1.746.541,00 |
|
|
Accruals and Deferrals |
16.930,00 |
|
|
Total Assets |
10.333.652,00 |
|
|
Shareholder's Funds |
2.820.997,00 |
|
|
Medium and Long Term Payable |
2.157.303,00 |
|
|
Short Term Payable |
5.310.169,00 |
|
|
Accruals and Deferrals |
45.182,00 |
|
|
Total Liabilities and Shareholder's Funds |
10.333.651,00 |
|
|
Cost of Goods and Consumable Materials |
8.733.373,00 |
|
|
Outside Supplies and Services |
3.456.570,00 |
|
|
Personnel Costs |
407.903,00 |
|
|
Sales |
14.292.315,00 |
|
|
Supplementary Income |
1.131,00 |
|
|
|
31-12-2007 |
31-12-2008 |
31-12-2009 |
|
Net Sales |
11.466.075,00 |
12.198.685,00 |
14.292.315,00 |
|
Net Income For the Year |
572.650,00 |
845.973,00 |
675.122,00 |
|
Current Assets |
5.596.876,00 |
5.342.201,00 |
8.323.971,00 |
|
Short Term Payables |
4.346.033,00 |
3.728.700,00 |
5.310.169,00 |
|
Cash Flow |
1.250.843,00 |
1.613.501,00 |
3.013.802,00 |
|
Total Assets |
6.177.623,00 |
6.199.685,00 |
10.333.652,00 |
|
Total Liabilities |
4.877.720,00 |
4.053.809,00 |
7.512.654,00 |
|
Shareholders Funds |
1.299.902,00 |
2.145.875,00 |
2.820.997,00 |
|
Personnel Costs |
176.691,00 |
225.944,00 |
407.903,00 |
|
|
31-12-2007 |
31-12-2008 |
31-12-2009 |
|
FINANCIAL SITUATION |
|
|
|
|
General Liquidity |
1,29 |
1,43 |
1,57 |
|
Immediate Liquidity |
1,07 |
1,16 |
1,17 |
|
Financial Autonomy |
0,21 |
0,35 |
0,27 |
|
Solvency |
0,27 |
0,53 |
0,38 |
|
RENTABILITY |
|
|
|
|
Sales Rentability |
4,99 % |
6,93 % |
4,72 % |
|
Sales Rate Increase |
|
6,39 % |
17,16 % |
|
EFFICIÊNCY |
|
|
|
|
Assets Turnover |
1,86 |
1,97 |
1,38 |
|
Balance Sheet |
||
|
CoinEURO |
|
Date31-12-2009 |
|
|
||
|
|
Gross Assets |
Depreciations / Provisions |
Net Assets |
|
Intangible Assets |
|
Subtotal |
635,00 |
635,00 |
|
|
Tangible Assets |
|
Subtotal |
2.473.871,00 |
474.858,00 |
1.999.013,00 |
|
Stocks |
|
Subtotal |
2.125.409,00 |
|
2.125.409,00 |
|
Medium and Long Term Receivable |
|
Subtotal |
781.558,00 |
(770.890,00) |
10.668,00 |
|
Short Term Receivable |
|
Subtotal |
4.430.091,00 |
|
4.430.091,00 |
|
Trading Securities |
|
Subtotal |
5.000,00 |
|
5.000,00 |
|
Bank Deposits and Cash |
|
Cash |
304,00 |
|
304,00 |
|
Bank Deposites |
1.746.237,00 |
|
1.746.237,00 |
|
Subtotal |
1.746.541,00 |
|
1.746.541,00 |
|
Accruals and Deferrals |
|
Deferred Cost |
16.930,00 |
|
16.930,00 |
|
Subtotal |
16.930,00 |
|
16.930,00 |
|
Total Assets |
11.580.035,00 |
1.246.383,00 |
10.333.652,00 |
|
Shareholders Funds and Liabilities |
|
Shareholders Funds |
|
Capital |
100.000,00 |
|
|
Treasury Stock: |
|
|
|
Reserves : |
|
|
|
Free |
2.045.875,00 |
|
|
Net Income For the Year |
675.122,00 |
|
|
Total |
2.820.997,00 |
|
|
Short Term Payable |
|
Bank Loans |
965.970,00 |
|
|
Supliers Fixed Asset |
252.359,00 |
|
|
State and Other Public Bodies |
309.590,00 |
|
|
Other Creditors |
143.919,00 |
|
|
Trade Creditors |
3.605.246,00 |
|
|
Trade Notes Payable |
33.084,00 |
|
|
Subtotal |
5.310.169,00 |
|
|
Medium and Long Term Payable |
|
Bank Loans |
1.154.762,00 |
|
|
Adv. For Clients |
1.002.541,00 |
|
|
Subtotal |
2.157.303,00 |
|
|
Accruals and Deferrals |
|
Accrued Charges |
45.182,00 |
|
|
Subtotal |
45.182,00 |
|
|
TOTAL LIABILITIES |
7.512.654,00 |
|
|
TOTAL LIABILITIES AND SHAREHOLDERS FUNDS |
10.333.651,00 |
|
|
Income Statement |
|
Costs and Losses |
|
Cost of Materials Consumed and Goods Sold: |
|
|
|
Subtotal |
8.733.373,00 |
|
|
Outside Supplies and Services |
3.456.570,00 |
|
|
Personnel Costs |
|
|
|
Subtotal |
407.903,00 |
|
|
Depreciation |
179.843,00 |
|
|
Provisions |
498.371,00 |
|
|
Subtotal |
678.214,00 |
|
|
Other Operating Costs |
44.252,00 |
|
|
Int. and Similar Costs: |
|
|
|
Subtotal |
322.264,00 |
|
|
Ext. Costs and Losses |
90.252,00 |
|
|
Taxation Over Income |
275.443,00 |
|
|
Net Income For the Year |
675.122,00 |
|
|
Income and Profits |
|
Sales of : |
|
|
|
Products |
14.165.528,00 |
|
|
Services Provided |
126.787,00 |
|
|
Subtotal |
14.292.315,00 |
|
|
Supplementary Income |
1.131,00 |
|
|
Other Operating Income and Gains |
62.873,00 |
|
|
Subtotal |
64.004,00 |
|
|
Trading Securities Income |
|
|
|
Int. and Similar Costs |
|
|
|
Other |
51.693,00 |
|
|
Extra Income and Gains |
275.382,00 |
|
|
Net Income For the Year |
675.122,00 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.75 |
|
UK Pound |
1 |
Rs.85.07 |
|
Euro |
1 |
Rs.69.04 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.