|
Report Date : |
07.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
RPW INVESTMENTS SGPS SA |
|
|
|
|
|
|
Registered Office : |
Rua Santa Marta, nº 43 E/F - 5º C Lisboa 1150-293-Lisboa |
|
|
|
|
|
|
Country : |
Portugal |
|
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
|
|
Date of Incorporation : |
28.12.2006 |
|
|
|
|
|
|
Legal Form : |
Joint
Stock Company |
|
|
|
|
|
|
Line of Business : |
Activities of a holding company non-financial |
|
|
|
|
|
|
No. of Employees : |
Not Available |
|
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 : |
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 |
RPW INVESTMENTS SGPS SA |
|
|
||
|
V.A.T. Number / NIF |
507895452 |
|
|||
|
Address |
Rua Santa Marta, nº 43 E/F - 5º C Lisboa |
|
|
||
|
Locality |
LISBOA |
Postal Code |
1150-293-LISBOA |
||
|
Municipality |
LISBOA |
District |
LISBOA |
||
|
Telephone |
232767700 |
|
|
||
|
Fax |
232767750 |
|
|
||
|
|
|
|
|
||
|
C.A.E.(Rev 3) |
64202- Activities of a holding company non-financial |
|
|
||
|
All the amounts are express in Euros, otherwise you
will be advised |
|
Legal Form |
Joint Stock Company |
|
|
|
Constitution |
28-12-2006 |
V.A.T. Number / NIF |
507895452 |
|
Capital |
377.000,00 |
|
|
|
Shareholders Funds in: 31-12-2011 |
90.429.459,58 |
|
|
|
Credit |
Recommended |
|
|
|
Condition |
Normal |
Tendency |
Stationary |
|
Financing |
Guaranteed |
Payments |
Good |
|
Actual Condition |
In activity |
|
|
|
Board of Director's |
|
|
JOHN O' HALLORAN |
Administrator |
|
FRANS HILBERT JAN VISSCHER |
Administrator |
|
KIRTIKAN VAGADIA |
Administrator |
|
|
|
|
Fiscal Board |
|
|
ERNST & YOUNG AUDIT & ASSOCIADOS SROC |
Unique Fiscal |
|
RUI ABEL SERRA MARTINS |
Fiscal Board Substitute |
|
BANCO BPI, SA |
Porto-Infante |
|
Registed on the Register Record Office of Lisboa with the Register
Number 507895452 in 28-12-2006 |
|
Constitution celebrated in 28-12-2006 published on Portal MJ of
10-01-2007 |
|
To oblige the company it is necessary 2 signature |
|
In 01-04-2012 on Portal MJ of 30-05-2012 board of director's change |
|
|
In 15-08-2011 on Portal MJ of 09-09-2011 board of director's change |
|
|
In 30-03-2011 on Portal MJ of 04-04-2011 head office change |
|
|
In 10-01-2011 on Portal MJ of 12-04-2011 board of director's change |
|
|
|
The Capital is 377.000,00 , divided in 377000 shares , with a nominal value
of 1,00 |
|
|
with the following shareholders |
|
MARTIFER-SGPS SA |
377.000,00 |
100% |
|
NAME |
MARTIFER-SGPS SA |
|
Funtion |
Shareholder |
|
Address |
Zona Industrial de Oliveira de Frades,
Apartado 17 |
|
Locality |
OLIVEIRA DE FRADES |
|
Telephone |
232767700 |
|
Fax |
232767750 |
|
E-Mail |
info@martifer.com |
|
C.A.E. |
64202- Activities of holding companies
social nonfinancial |
|
Event |
General Description |
|
Scission |
The holder of a demerger resulted society
"-Martifer Metallic Constructions SA ". |
|
Line of Business |
Percentage |
|
Management of shareholdings in other
companies as an indirect form of pursuit of economic activities |
100% |
|
Type of Clients |
Group Companies |
|
|
|
Sales Conditions |
Special |
|
|
|
Sales Area |
|
|
|
|
Country |
100% |
|
|
|
Head office Rua Santa Marta, nº 43 E/F - 5º
C , LISBOA, 1150-293, LISBOA, Tel:232767700, Fax:232767750 |
|
Had head office Zona Industrial de
Oliveira de Frades, Apartado 17, OLIVEIRA DE FRADES, 3684-909, OLIVEIRA DE
FRADES |
|
Had head office Centro Empresarial de Vilar
do Pinheiro, Via José Régio, 281 , VILAR DE PINHEIRO, 4485-860, VILA DO CONDE |
|
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. |
|
Balance Sheet SNC |
||
|
CoinEURO |
|
Date31-12-2011 |
|
|
||
|
Closing Date |
31-12-2011 |
31-12-2010 |
-- |
Variação (%) |
|
|
|
|||
|
ASSET |
|
|||
|
|
|
|
|
|
|
Non-current assets |
|
|||
|
Financial participations - patrimonial equity method |
86.480.830,55 |
78.997.091,55 |
|
9,47 |
|
Total |
86.480.830,55 |
78.997.091,55 |
|
9,47 |
|
|
|
|
|
|
|
Current assets |
|
|
||
|
State and other public entities |
2.250,00 |
1.750,00 |
|
28,57 |
|
Shareholders/partners |
3.801.972,19 |
2.100.000,00 |
|
81,05 |
|
Other accounts receivable |
1.353.208,50 |
645.509,70 |
|
109,63 |
|
Deferrals |
22.137,13 |
30.186,99 |
|
(26,67) |
|
Cashier and bank deposits |
35.171,98 |
69.061,57 |
|
(49,07) |
|
Total |
5.214.739,80 |
2.846.508,26 |
|
83,20 |
|
TOTAL ASSET |
91.695.570,35 |
81.843.599,81 |
|
12,04 |
|
|
|
|
|
|
|
SHAREHOLDERS FUNDS AND LIABILITIES |
|
|
||
|
|
|
|
|
|
|
SHAREHOLDERS FUNDS |
|
|
||
|
Capital |
377.000,00 |
377.000,00 |
|
|
|
Other shareholders funds instruments |
20.777.705,00 |
20.777.705,00 |
|
|
|
Legal reserves |
75.400,00 |
75.400,00 |
|
|
|
Other reserves |
3.842.581,89 |
3.842.581,89 |
|
|
|
Net retained |
33.454.449,64 |
24.597.325,53 |
|
36,01 |
|
Adjustments on financial assets |
21.557.651,67 |
22.153.353,67 |
|
(2,69) |
|
Total |
80.084.788,20 |
71.823.366,09 |
|
11,50 |
|
Net income for the period |
10.344.671,38 |
8.857.124,11 |
|
16,79 |
|
TOTAL OF SHAREHOLDERS FUNDS |
90.429.459,58 |
80.680.490,20 |
|
12,08 |
|
|
|
|
|
|
|
LIABILITY |
|
|
||
|
|
|
|
|
|
|
Non-current liiabilities |
|
|
||
|
Financing obtained |
741.405,00 |
697.676,00 |
|
6,27 |
|
Total |
741.405,00 |
697.676,00 |
|
6,27 |
|
|
|
|
|
|
|
Current liabilities |
|
|
||
|
Suppliers |
5.511,75 |
7.768,00 |
|
(29,05) |
|
State and other public entities |
600,00 |
1.378,42 |
|
(56,47) |
|
Shareholders/partners |
51.017,33 |
451.926,70 |
|
(88,71) |
|
Financing obtained |
15.579,20 |
|
|
|
|
Other payable accounts |
451.997,49 |
4.360,49 |
|
10.265,75 |
|
Total |
524.705,77 |
465.433,61 |
|
12,73 |
|
TOTAL LIABILITIES |
1.266.110,77 |
1.163.109,61 |
|
8,86 |
|
TOTAL SHAREHOLDERS FUNDS AND LIABILITIES |
91.695.570,35 |
81.843.599,81 |
|
12,04 |
|
|
|
|
|
|
|
INCOME STATEMENT |
|
|
||
|
|
|
|
|
|
|
INCOME AND EXPENSES |
|
|
||
|
Gains/losses allocated subsidiaries, associates and joint ventures |
10.391.118,00 |
8.807.216,26 |
|
17,98 |
|
Suppliers and external services |
(38.827,21) |
(14.920,36) |
|
160,23 |
|
Other income and gains |
|
99.410,63 |
|
|
|
Other expenses and losses |
(81.681,90) |
(1.221,34) |
|
6.587,89 |
|
Result before depreciation, financing costs and taxes |
10.270.608,89 |
8.890.485,19 |
|
15,52 |
|
Operating result (before financing costs and taxes) |
10.270.608,89 |
8.890.485,19 |
|
15,52 |
|
Interest and similar income obtained |
97.994,00 |
|
|
|
|
interest and similar expenses incurred |
(23.931,51) |
(32.582,66) |
|
(26,55) |
|
Net before taxes |
10.344.671,38 |
8.857.902,53 |
|
16,78 |
|
Income tax of the period |
|
(778,42) |
|
|
|
Net profit for the period |
10.344.671,38 |
8.857.124,11 |
|
16,79 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.97 |
|
|
1 |
Rs.89.02 |
|
Euro |
1 |
Rs.70.61 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.