|
Report Date : |
03.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
FABRICA DE TECIDOS DO CARVALHO LDA |
|
|
|
|
Registered Office : |
Estrada Nacional 105, Nº.991, Lordelo, 4815-135-Lordelo Gmr, Guimaraes, Braga |
|
|
|
|
Country : |
Portugal |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
17.05.1971 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Weaving of Cotton-type |
|
|
|
|
No. of Employees : |
198 |
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 : |
Usually Correct |
|
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 |
FABRICA DE TECIDOS DO CARVALHO LDA |
|
V.A.T. Number / NIF |
500107815 |
|
Address |
Estrada Nacional 105, nº.991 |
|
Locality |
Lordelo |
|
Postal Code |
4815-135-LORDELO GMR |
|
Municipality |
GUIMARAES |
|
District |
BRAGA |
|
Telephone |
252840440 |
|
Fax |
252841335 |
|
E-Mail |
|
|
Web Site |
|
|
|
|
|
C.A.E.(Rev 3) |
13201- Weaving the type of cotton yarn |
|
Legal Form |
Private Limited Company |
|
Constitution |
17-05-1971 |
|
V.A.T. Number / NIF |
500107815 |
|
Employees |
198 |
|
Capital |
499.000,00 |
|
Sales in : 31-12-2011 |
13.528.264,13 |
|
Shareholders Funds in: 31-12-2011 |
11.636.268,06 |
|
Payments |
Good |
|
Actual Condition |
In activity |
|
|
31-12-2009 |
|
31-12-2010 |
|
31-12-2011 |
|
Net Sales |
9.983.938,25 |
|
10.402.788,35 |
|
13.528.264,13 |
|
Net Income For the Year |
315.411,81 |
|
731.198,69 |
|
1.117.368,70 |
|
Shareholders Funds |
10.101.219,46 |
|
10.773.337,09 |
|
11.636.268,06 |
|
Stocks |
2.328.658,31 |
|
3.440.293,52 |
|
2.806.068,46 |
|
LIABILITY |
2.137.354,99 |
|
4.254.532,91 |
|
4.210.483,35 |
|
ASSETS |
12.238.574,45 |
|
15.027.870,00 |
|
15.846.751,41 |
|
Consulted sources say that the subject has
been respecting its payments and commercial commitments, so credit
connections with this company are recommended. |
All the amounts
are express in Euros, otherwise you will be advised
|
FRANCISCO XAVIER DE FREITAS MOREIRA GOMES |
Managing-Partner |
|
JOAQUIM ANTONIO DE FREITAS MOREIRA GOMES |
Managing-Partner |
|
ABILIO PIMENTA MOREIRA GOMES |
Managing-Partner |
|
MARIA FERNANDA DE FREITAS MOREIRA GOMES |
Managing-Partner |
|
Registered on the Register Record Office
of Guimaraes with the Register Number 500107815 previous number 233 in
20-05-1971 |
|
Constitution celebrated in 17-05-1971
published on Diário da República number 130 of 03-06-1971 |
|
To oblige the company it is necessary 2
signature |
|
Changes to Society |
|
In 17-09-2007 on Portal MJ of 04-10-2007
manager change |
|
In 04-05-2007 on Portal MJ of 12-06-2007
manager change |
|
In 13-05-2006 on Portal MJ of 28-12-2006
manager change |
|
The Capital is 499.000,00 |
|
|
with the following distribution |
|
FRANCISCO XAVIER DE FREITAS MOREIRA GOMES |
51.297,20 |
10,28% |
|
JOAQUIM ANTONIO DE FREITAS MOREIRA GOMES |
51.297,20 |
10,28% |
|
SIMAO PEDRO DE FREITAS MOREIRA GOMES |
51.297,20 |
10,28% |
|
ABILIO PIMENTA MOREIRA GOMES |
191.266,70 |
38,33% |
|
LUZIA ROSA DE FREITAS MOREIRA GOMES ALVES |
51.247,20 |
10,27% |
|
MARIA FERNANDA DE FREITAS MOREIRA GOMES |
51.297,20 |
10,28% |
|
PAULO MIGUEL DE FREITAS MOREIRA GOMES |
51.297,20 |
10,28% |
|
|
|
|
Name |
FRANCISCO XAVIER DE FREITAS MOREIRA GOMES |
|
Function |
Managing-Partner |
|
Address |
Rua Professor Mota Pinto, 206-2ºEsq. |
|
Locality |
Porto |
|
Previous Connections |
Foi sócio da firma Alga-Algodoes Gandarela
Lda |
|
Professional Connections |
The subject has connections with the
following company (ies) |
|
|
AMADEU MOREIRA GOMES & FILHOS LDA as
Partner with a participation of 3.750,00 , in a capital of 45.000,00 . |
|
|
EVA-ELECTRICA DE VARZIELA SA as Board of
Director's President . |
|
|
|
|
Name |
JOAQUIM ANTONIO DE FREITAS MOREIRA GOMES |
|
Function |
Managing-Partner |
|
Address |
Lugar da Lamela |
|
Locality |
Moreira De Conegos |
|
Previous Connections |
Foi sócio da firma Alga-Algodoes Gandarela
Lda |
|
Professional Connections |
The subject has connections with the
following company (ies) |
|
|
CENTRO MEDICINA FISICA E REALBILITACAO DE
LUZIA ALVES & MANUELA SILVA LDA as Partner . |
|
|
EVA-ELECTRICA DE VARZIELA SA as
Administrator . |
|
|
AMADEU MOREIRA GOMES & FILHOS LDA as
Partner with a participation of 3.750,00 , in a capital of 45.000,00 . |
|
|
|
|
Name |
SIMAO PEDRO DE FREITAS MOREIRA GOMES |
|
Function |
Partner |
|
Address |
Rua das Paredes Alagadas |
|
Locality |
Moreira De Conegos (Guimaraes) |
|
Civil State |
Married |
|
Previous Connections |
Foi sócio da firma Alga-Algodoes Gandarela
Lda |
|
Professional Connections |
The subject has connections with the
following company (ies) |
|
|
AMADEU MOREIRA GOMES & FILHOS LDA as
Partner with a participation of 3.750,00 , in a capital of 45.000,00 . |
|
|
SAMPEDRO ENERGIA SA as Administrator . |
|
|
SAMPEDRO SGPS SA as Administrator . |
|
|
EVA-ELECTRICA DE VARZIELA SA as
Administrator . |
|
|
EMPRESA INDUSTRIAL SAMPEDRO SA as
Administrator . |
|
|
|
|
Name |
ABILIO PIMENTA MOREIRA GOMES |
|
Function |
Managing-Partner |
|
Locality |
Guimaraes |
|
|
|
|
Name |
LUZIA ROSA DE FREITAS MOREIRA GOMES ALVES |
|
Function |
Partner |
|
Locality |
Guimaraes |
|
Civil State |
Married |
|
Previous Connections |
Foi sócia da firma Alga-Algodoes Gandarela
Lda |
|
Professional Connections |
The subject has connections with the
following company (ies) |
|
|
AMADEU MOREIRA GOMES & FILHOS LDA as
Partner with a participation of 3.750,00 , in a capital of 45.000,00 . |
|
|
CENTRO MEDICINA FISICA E REALBILITACAO DE LUZIA
ALVES & MANUELA SILVA LDA as Partner . |
|
|
|
|
Name |
MARIA FERNANDA DE FREITAS MOREIRA GOMES |
|
Function |
Managing-Partner |
|
Locality |
Guimaraes |
|
Civil State |
Married |
|
Previous Connections |
Foi sócia da firma Alga-Algodoes Gandarela
Lda |
|
Professional Connections |
The subject has connections with the
following company (ies) |
|
|
AMADEU MOREIRA GOMES & FILHOS LDA as
Partner with a participation of 3.750,00 , in a capital of 45.000,00 . |
|
|
|
|
Name |
PAULO MIGUEL DE FREITAS MOREIRA GOMES |
|
Function |
Partner |
|
Address |
Rua Professor Mota Pinto, 206-2ºEsq. |
|
Locality |
Porto |
|
Civil State |
Married |
|
Previous Connections |
Foi sócio da firma Alga-Algodoes Gandarela
Lda |
|
Professional Connections |
The subject has connections with the
following company (ies) |
|
|
AMADEU MOREIRA GOMES & FILHOS LDA as
Managing-Partner with a participation of 7.500,00 , in a capital of 45.000,00
. |
|
Line of Business |
Percentage |
|
Tecelagem de fio do tipo algodão (Weaving of Cotton-type) |
100% |
|
Type of Clients |
Private Companies |
|
|
|
Sales Conditions |
Cash/credit |
|
|
|
Imports from |
PAQUISTÃO |
|
|
|
Exports to |
ALEMANHA,ESPANHA,ESTADOS UNIDOS DA
AMERICA,FRANÇA,SUIÇA |
|
|
|
Trade Marks |
|
Carvalho |
|
FTC |
|
BANCO ESPIRITO SANTO, SA |
Guimarães |
|
MILLENNIUM BCP |
Guimarães/Empresas |
|
BANCO SANTANDER TOTTA SA |
Guimarães |
|
There are no of incidents on our database |
Total 198
|
Trade Mark |
Quantity |
License Number |
|
Possui veiculos |
10 |
|
|
Assicurazioni Generalli |
Head office and
installations Estrada Nacional 105, nº.991, Lordelo, 4815-135, LORDELO GMR,
Tel:252840440, Fax:252841335
|
Event |
General Description |
|
Quality Certification |
A titular é uma empresa certificada,
segundo a Norma ISO 9001:2000. |
|
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 |
2.074.764,77 |
1.851.624,27 |
2.262.026,96 |
12,05 |
|
Intangible assets |
6.941,38 |
15.868,23 |
13.158,17 |
(56,26) |
|
Financial participations - other methods |
|
24.184,93 |
9.184,93 |
|
|
Other financial assets |
24.184,93 |
|
1.000.000,00 |
|
|
Deferred tax assets |
|
1.914,60 |
|
|
|
Total |
2.105.891,08 |
1.893.592,03 |
3.284.370,06 |
11,21 |
|
|
|
|
|
|
|
Current assets |
|
|
||
|
Inventories |
2.806.068,46 |
3.440.293,52 |
2.328.658,31 |
(18,44) |
|
Costumers |
4.000.534,08 |
4.125.455,12 |
2.741.187,47 |
(3,03) |
|
Advances to suppliers |
16.710,00 |
95.000,00 |
|
(82,41) |
|
State and other public entities |
548.959,12 |
405.048,47 |
319.245,94 |
35,53 |
|
Other accounts receivable |
12.486,15 |
55.259,54 |
86.596,50 |
(77,40) |
|
Deferrals |
18.214,39 |
7.970,08 |
9.879,70 |
128,53 |
|
Financial assets held for trading |
23.869,78 |
10.649,23 |
11.287,72 |
124,15 |
|
Cashier and bank deposits |
6.314.018,35 |
4.994.602,01 |
3.457.348,75 |
26,42 |
|
Total |
13.740.860,33 |
13.134.277,97 |
8.954.204,39 |
4,62 |
|
TOTAL ASSET |
15.846.751,41 |
15.027.870,00 |
12.238.574,45 |
5,45 |
|
|
|
|
|
|
|
SHAREHOLDERS FUNDS AND LIABILITIES |
|
|
||
|
|
|
|
|
|
|
SHAREHOLDERS FUNDS |
|
|
||
|
Capital |
499.000,00 |
499.000,00 |
499.000,00 |
|
|
Legal reserves |
120.000,00 |
120.000,00 |
120.000,00 |
|
|
Other reserves |
4.300.000,00 |
4.300.000,00 |
4.300.000,00 |
|
|
Net retained |
5.569.653,47 |
5.088.454,78 |
4.827.686,30 |
9,46 |
|
Other shareholders funds changes |
30.245,89 |
34.683,62 |
39.121,35 |
(12,79) |
|
Total |
10.518.899,36 |
10.042.138,40 |
9.785.807,65 |
4,75 |
|
Net income for the period |
1.117.368,70 |
731.198,69 |
315.411,81 |
52,81 |
|
TOTAL OF SHAREHOLDERS FUNDS |
11.636.268,06 |
10.773.337,09 |
10.101.219,46 |
8,01 |
|
|
|
|
|
|
|
LIABILITY |
|
|
||
|
|
|
|
|
|
|
Non-current liiabilities |
|
|
||
|
Financing obtained |
1.228.926,24 |
1.376.571,43 |
323.001,30 |
(10,73) |
|
Diferred taxes liabilities |
9.581,97 |
12.014,42 |
14.551,14 |
(20,25) |
|
Total |
1.238.508,21 |
1.388.585,85 |
337.552,44 |
(10,81) |
|
|
|
|
|
|
|
Current liabilities |
|
|
||
|
Suppliers |
1.329.614,78 |
1.515.990,49 |
821.284,50 |
(12,29) |
|
Advances from costumers |
53.229,14 |
6.792,00 |
4.690,00 |
683,70 |
|
State and other public entities |
120.818,30 |
117.892,25 |
115.085,29 |
2,48 |
|
Financing obtained |
657.538,71 |
446.455,19 |
88.703,32 |
47,28 |
|
Other payable accounts |
810.774,21 |
778.817,13 |
770.039,44 |
4,10 |
|
Total |
2.971.975,14 |
2.865.947,06 |
1.799.802,55 |
3,70 |
|
TOTAL LIABILITIES |
4.210.483,35 |
4.254.532,91 |
2.137.354,99 |
(1,04) |
|
TOTAL SHAREHOLDERS FUNDS AND LIABILITIES |
15.846.751,41 |
15.027.870,00 |
12.238.574,45 |
5,45 |
|
|
|
|
|
|
|
INCOME STATEMENT |
|
|
||
|
|
|
|
|
|
|
INCOME AND EXPENSES |
|
|
||
|
Sales and services |
13.528.264,13 |
10.402.788,35 |
9.983.938,25 |
30,04 |
|
Operating government grants |
31.431,38 |
|
|
|
|
Variation in production inventories |
(86.546,33) |
183.583,57 |
(120.890,92) |
(147,14) |
|
Cost of goods sold and materials consumed |
6.943.849,28 |
4.884.013,55 |
4.088.174,92 |
42,18 |
|
Suppliers and external services |
2.648.440,04 |
2.487.438,95 |
2.586.825,62 |
6,47 |
|
Personnel costs |
2.463.705,58 |
2.360.149,46 |
2.516.503,66 |
4,39 |
|
Impairment of receivables
(losses/revearsals) |
24.804,17 |
262,50 |
3.118,39 |
9.349,21 |
|
Increases/decreases in fair value |
13.220,55 |
(638,49) |
9.898,57 |
(2.170,60) |
|
Other income and gains |
161.431,48 |
273.974,75 |
198.835,25 |
(41,08) |
|
Other expenses and losses |
86.704,90 |
57.683,96 |
47.142,94 |
50,31 |
|
Result before depreciation, financing
costs and taxes |
1.480.297,24 |
1.070.159,76 |
830.015,62 |
38,32 |
|
Expenses/reversals of depreciation and
amortization |
483.095,69 |
478.726,93 |
569.606,42 |
0,91 |
|
Operating result (before financing costs
and taxes) |
997.201,55 |
591.432,83 |
260.409,20 |
68,61 |
|
Interest and similar income obtained |
199.252,76 |
184.958,20 |
98.164,93 |
7,73 |
|
interest and similar expenses incurred |
46.756,59 |
29.838,48 |
32.074,42 |
56,70 |
|
Net before taxes |
1.149.697,72 |
746.552,55 |
326.499,71 |
54,00 |
|
Income tax of the period |
32.329,02 |
15.353,86 |
11.087,90 |
110,56 |
|
Net profit for the period |
1.117.368,70 |
731.198,69 |
315.411,81 |
52,81 |
|
Closing Date |
31-12-2011 |
31-12-2010 |
31-12-2009 |
|
|
|
|
|||
|
TURNOVER RATIOS |
|
|||
|
Shareholder's Funds Profitability |
0,096 |
0,068 |
0,031 |
|
|
Assets Profitability |
0,063 |
0,039 |
0,021 |
|
|
Sales Net Profitability |
0,083 |
0,07 |
0,032 |
|
|
|
|
|
|
|
|
EFFICIENCY RATIOS |
|
|
||
|
Medium Term Receivable |
107,936 |
144,749 |
100,214 |
|
|
Asset Rotation |
0,854 |
0,692 |
0,816 |
|
|
|
|
|
|
|
|
PRODUCTIVITY RATIOS |
|
|
||
|
Productivity |
2,673 |
2,338 |
2,343 |
|
|
|
|
|
|
|
|
SHORT TERM RATIOS |
|
|
||
|
General Liquidity |
4,623 |
4,583 |
4,975 |
|
|
Reduced Liquidity |
3,679 |
3,382 |
3,681 |
|
|
Immediate Liquidity |
2,125 |
1,743 |
1,921 |
|
|
|
|
|
|
|
|
MEDIUM LONG TERM RATIOS |
|
|
||
|
Financial Autonomy |
0,734 |
0,717 |
0,825 |
|
|
Solvability |
2,764 |
2,532 |
4,726 |
|
|
Borrowed Capital Structure |
0,706 |
0,674 |
0,842 |
|
|
General Debt |
0,162 |
0,169 |
0,041 |
|
|
Medium Long Term Debt |
0,106 |
0,128 |
0,032 |
|
|
Debt Structure |
0,706 |
0,674 |
0,842 |
|
|
Capital Structure |
9,395 |
7,758 |
29,925 |
|
|
|
|
|
|
|
|
Operational and Financial Risk |
|
|
||
|
Operational Leverage Level |
6,603 |
9,331 |
22,64 |
|
|
Financial Leverage Level |
0,867 |
0,792 |
0,798 |
|
|
Combined Leverage Level |
5,725 |
7,39 |
18,067 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.33 |
|
UK Pound |
1 |
Rs.82.72 |
|
Euro |
1 |
Rs.69.82 |
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.