MIRA
INFORM REPORT
|
Report Date : |
20.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
S.ROQUE-MAQUINAS E TECNOLOGIA LASER SA |
|
|
|
|
Registered Office : |
Rua Das Ribes, 400, Oliveira Sao Mateus, Postal code 4765-774-Oliveira (Sao Mateus), Vila Nova De Famalicao, Braga District |
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Country : |
Portugal |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
04.11.1983 |
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Com. Reg. No.: |
501617450 |
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|
Legal Form : |
Joint Stock Company |
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|
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Line of Business : |
Manufacturer of machinery, particularly for textile, apparel, leather
and laser processing of metallic materials such as cutting and welding using
the máquins and laser technology. |
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|
|
|
No. of Employees : |
190 |
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 |
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Payment Behaviour : |
No Complaints |
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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 30th, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Portugal |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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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 following two decades,
successive governments 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 grew by more than the EU average for much of the 1990s,
but the rate of growth slowed in 2001-08. The economy contracted 2.5% in 2009,
before growing 1.4% in 2010, but GDP fell again in 2011 and 2012, as the
government began implementing spending cuts and tax increases 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. Portugal also has
been increasingly overshadowed by lower-cost producers in Central Europe and
Asia as a destination for foreign direct investment, in part because its rigid
labor market hindered greater productivity and growth. However, the government
of Pedro PASSOS COELHO has enacted several measures to introduce more
flexibility into the labor market, and, this, along with steps to reduce high
levels of public debt, could make Portugal more attractive to foreign
investors. 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. The budget deficit worsened in 2012 as a sharp reduction in
domestic consumption took a bigger bite out of value-added tax revenues while
rising unemployment benefits increased expenditures more than anticipated. Poor
growth prospects over the next year have reinforced investors' concerns about
the government's ability to achieve its budget deficit targets and regain full
access to bond market financing when the EU-IMF financing program expires in
2013.
|
Source : CIA |
Identification
|
Name |
S.ROQUE-MAQUINAS E TECNOLOGIA LASER SA |
|
V.A.T. Number / NIF |
501617450 |
|
Address |
Rua das Ribes, 400 |
|
Locality |
OLIVEIRA SAO MATEUS |
|
Postal Code |
4765-774-OLIVEIRA (SAO MATEUS) |
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Municipality |
VILA NOVA DE FAMALICAO |
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District |
BRAGA |
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Telephone |
252980500 |
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Fax |
252980501 |
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E-Mail |
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Web Site |
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C.A.E.(Rev 3) |
28940- Manufacture of machinery for textile,
apparel and leather |
Summary
|
Legal Form |
Joint Stock Company |
|
Constitution |
04-11-1983 |
|
V.A.T. Number / NIF |
501617450 |
|
Employees |
190 |
|
Capital |
1.010.000,00 |
|
Sales in : 31-12-2012 |
17.908.295,81 |
|
Shareholders Funds in: 31-12-2012 |
11.399.651,09 |
|
Payments |
Good |
|
Actual Condition |
In activity |
Financial Highlights
|
|
31-12-2010 |
|
31-12-2011 |
|
31-12-2012 |
|
Net Sales |
14.582.675,99 |
|
15.498.917,39 |
|
17.908.295,81 |
|
Net Income For the Year |
884.682,95 |
|
1.090.894,38 |
|
1.060.393,52 |
|
Shareholders Funds |
9.438.363,19 |
|
10.339.257,57 |
|
11.399.651,09 |
|
Stocks |
1.250.236,98 |
|
1.948.052,97 |
|
2.543.353,04 |
|
LIABILITY |
10.392.918,93 |
|
7.637.029,15 |
|
7.968.839,28 |
|
ASSETS |
19.831.282,12 |
|
17.976.286,72 |
|
19.368.490,37 |
Business Concept
|
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 |
|
Governing Bodies |
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|
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Board of Director's |
|
|
MANUEL DA SILVA CORREIA DE SA |
Board of Director's President |
|
MARCO DINIS MARQUES LEBRE |
Administrator |
|
DAVID CALEM FERREIRA |
Administrator |
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|
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Fiscal Board |
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PRICEWATERHOUSECOOPERS &
ASSOCIADOS-SOCIEDADE DE REVISORES OFICIAIS DE CONTAS LDA |
Unique Fiscal |
|
ANTONIO JOAQUIM BROCHADO CORREIA |
Fiscal Board Substitute |
Legal Structure
|
Registered on the Register Record Office
of Vila Nova de Famalicao with the Register Number 501617450 previous number
1512 in 13-02-1984 |
|
Constitution celebrated in 04-11-1983 published
on Diário da República number 287 of 15-11-1983 |
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To oblige the company it is necessary 2
signature |
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Changes to Society |
|
In 25-11-2013 on Portal MJ of 27-11-2013
board of director's change |
|
In 20-11-2013 on Portal MJ of 27-11-2013 board
of director's change |
|
In 19-07-2012 on Portal MJ of 21-09-2012
board of director's change |
|
In 08-02-2010 on Portal MJ of 09-02-2010
head office change |
|
In 17-11-2009 on Portal MJ of 14-02-2012
rectification |
Capital
|
The Capital is 1.010.000,00 , divided in
202000 shares , with a nominal value of 5,00 |
|
Activities
|
Line of Business |
Percentage |
|
Fabrico de máquinas, designadamente para a
indústria têxtil, do vestuário e do couro, e processamento de materiais
metálicos a laser, designadamente corte e soldadura com recurso a máquins e
tecnologia laser. |
100% |
|
|
|
|
Manufacture of machinery, particularly for
textile, apparel, leather and laser processing of metallic materials such as cutting
and welding using the máquins and laser technology. |
|
|
Type of Clients |
Private Companies |
|
|
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Sales Conditions |
Contract |
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Sales Area |
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|
Country |
20% |
Foreign |
80% |
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Imports from |
FRANÇA,ESPANHA,REINO UNIDO,ALEMANHA,SUIÇA |
|
|
|
Exports |
80% |
to |
REINO
UNIDO,ITALIA,INDIA,ESPANHA,BRASIL,FRANÇA,ALEMANHA,HOLANDA,SUECIA,ROMENIA,ANGOLA,MARROCOS,TUNISIA,TURQUIA,KOWAIT,ARGENTINA,PERU,HONDURAS,ESTADOS
UNIDOS DA AMERICA,FRANÇA,EL SALVADOR,BULGARIA,REPUBLICA DA AFRICA DO SUL |
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Trade Marks |
|
Roqprints |
|
Roqpack |
|
Roqsold |
|
Roqlaiser |
Banks and Financial Institutions
|
BANCO SANTANDER TOTTA SA |
Centro de Empresas - Guimarăes |
|
BANIF - BANCO INTERNACIONAL DO FUNCHAL, SA |
Guimarăes |
|
MILLENNIUM BCP |
Guimarăes |
|
BANCO ESPIRITO SANTO, SA |
Delăes |
Incidents
|
Legal Actions |
|
Date |
Process |
Author |
Type |
Amount |
Judicial District |
Court |
Situation |
|
|
979/08.4TYLSB |
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Ordinária |
30.000,01 |
Santo Tirso - Tribunal Judicial |
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Employees
|
Total |
190 |
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Vehicles
|
Trade Mark |
Quantity |
License Number |
|
Uma frota de |
19 |
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Insurance
|
Companhia de Seguros Fidelidade Mundial |
Head Office and Installations
|
Head office and installations with an area
of 13000m2 m2 Rua das Ribes, 400, OLIVEIRA SAO MATEUS, 4765-774, OLIVEIRA
(SAO MATEUS), Tel:252980500, Fax:252980501 |
Financial Demonstration SNC
|
Balance Sheet SNC |
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CoinEURO |
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Date31-12-2012 |
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Closing Date |
31-12-2012 |
31-12-2011 |
31-12-2010 |
Variaçăo (%) |
||||
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ASSET |
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|||||||
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|
|||||
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Non-current assets |
|
|||||||
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Tangible fixed assets |
8.169.497,21 |
8.130.540,90 |
9.542.600,65 |
0,48 |
||||
|
Intangible assets |
110.264,52 |
61.020,29 |
25.315,31 |
80,70 |
||||
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Financial participations - other methods |
|
|
37.500,00 |
|
||||
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Other financial assets |
37.500,00 |
37.500,00 |
258.937,57 |
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||||
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Deferred tax assets |
304.500,76 |
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|
|
||||
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Total |
8.621.762,49 |
8.229.061,19 |
9.864.353,53 |
4,77 |
||||
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Current assets |
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|
||||||
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Inventories |
2.543.353,04 |
1.948.052,97 |
1.250.236,98 |
30,56 |
||||
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Costumers |
6.018.382,99 |
5.909.711,35 |
5.864.553,43 |
1,84 |
||||
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Advances to suppliers |
19.721,20 |
|
|
|
||||
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State and other public entities |
685.907,31 |
165.969,65 |
266.890,94 |
313,27 |
||||
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Other accounts receivable |
4.836,66 |
23.834,30 |
33.711,62 |
(79,71) |
||||
|
Deferrals |
106.036,84 |
90.509,81 |
70.265,21 |
17,16 |
||||
|
Cashier and bank deposits |
1.368.489,84 |
1.609.147,45 |
2.481.270,41 |
(14,96) |
||||
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Total |
10.746.727,88 |
9.747.225,53 |
9.966.928,59 |
10,25 |
||||
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TOTAL ASSET |
19.368.490,37 |
17.976.286,72 |
19.831.282,12 |
7,74 |
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SHAREHOLDERS FUNDS AND LIABILITIES |
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|
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SHAREHOLDERS FUNDS |
|
|
||||||
|
Capital |
1.010.000,00 |
1.010.000,00 |
1.010.000,00 |
|
||||
|
Other shareholders funds instruments |
|
|
190.000,00 |
|
||||
|
Legal reserves |
210.503,62 |
210.503,62 |
166.269,47 |
|
||||
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Other reserves |
6.082.159,29 |
3.262.427,02 |
2.437.686,30 |
86,43 |
||||
|
Net retained |
911.056,79 |
1.728.837,89 |
967.213,33 |
(47,30) |
||||
|
Revaluation surplus |
2.125.537,87 |
3.036.594,66 |
3.782.511,14 |
(30,00) |
||||
|
Total |
10.339.257,57 |
9.248.363,19 |
8.553.680,24 |
11,80 |
||||
|
Net income for the period |
1.060.393,52 |
1.090.894,38 |
884.682,95 |
(2,80) |
||||
|
TOTAL OF SHAREHOLDERS FUNDS |
11.399.651,09 |
10.339.257,57 |
9.438.363,19 |
10,26 |
||||
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|
|
|
|
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LIABILITY |
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|
||||||
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|
|
|
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|
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Non-current liiabilities |
|
|
||||||
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Provisions |
|
|
2.396,53 |
|
||||
|
Financing obtained |
1.253.699,31 |
1.909.497,82 |
3.484.718,21 |
(34,34) |
||||
|
Diferred taxes liabilities |
754.594,75 |
1.029.811,69 |
1.295.500,54 |
(26,72) |
||||
|
Total |
2.008.294,06 |
2.939.309,51 |
4.782.615,28 |
(31,67) |
||||
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|
|
|
|
|
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Current liabilities |
|
|
||||||
|
Suppliers |
2.626.511,18 |
2.040.321,35 |
3.178.363,37 |
28,73 |
||||
|
Advances from costumers |
260.580,82 |
135.550,70 |
269.560,48 |
92,24 |
||||
|
State and other public entities |
117.564,69 |
138.798,97 |
72.738,22 |
(15,30) |
||||
|
Financing obtained |
929.645,99 |
1.524.267,80 |
1.568.017,14 |
(39,01) |
||||
|
Other payable accounts |
2.025.042,54 |
857.180,82 |
521.624,44 |
136,24 |
||||
|
Deferrals |
1.200,00 |
1.600,00 |
|
(25,00) |
||||
|
Total |
5.960.545,22 |
4.697.719,64 |
5.610.303,65 |
26,88 |
||||
|
TOTAL LIABILITIES |
7.968.839,28 |
7.637.029,15 |
10.392.918,93 |
4,34 |
||||
|
TOTAL SHAREHOLDERS FUNDS AND LIABILITIES |
19.368.490,37 |
17.976.286,72 |
19.831.282,12 |
7,74 |
||||
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|
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|
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INCOME STATEMENT |
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INCOME AND EXPENSES |
|
|
||||||
|
Sales and services |
17.908.295,81 |
15.498.917,39 |
14.582.675,99 |
15,55 |
||||
|
Operating government grants |
|
2.115,47 |
5.041,39 |
|
||||
|
Variation in production inventories |
189.024,19 |
514.617,72 |
187.459,43 |
(63,27) |
||||
|
Cost of goods sold and materials consumed |
8.146.701,76 |
7.235.783,92 |
6.320.848,32 |
12,59 |
||||
|
Suppliers and external services |
2.991.589,08 |
2.281.753,89 |
2.373.799,40 |
31,11 |
||||
|
Personnel costs |
3.658.734,91 |
3.382.249,03 |
3.064.706,36 |
8,17 |
||||
|
Impairment of receivables
(losses/revearsals) |
116.606,95 |
124.207,40 |
22.966,32 |
(6,12) |
||||
|
Other income and gains |
303.055,37 |
215.237,94 |
187.313,61 |
40,80 |
||||
|
Other expenses and losses |
229.443,75 |
135.980,45 |
50.268,24 |
68,73 |
||||
|
Result before depreciation, financing
costs and taxes |
3.257.298,92 |
3.070.913,83 |
3.129.901,78 |
6,07 |
||||
|
Expenses/reversals of depreciation and
amortization |
2.509.698,86 |
1.901.038,89 |
2.188.018,02 |
32,02 |
||||
|
Operating result (before financing costs
and taxes) |
747.600,06 |
1.169.874,94 |
941.883,76 |
(36,10) |
||||
|
interest and similar expenses incurred |
71.668,72 |
106.547,08 |
183.341,56 |
(32,74) |
||||
|
Net before taxes |
675.931,34 |
1.063.327,86 |
758.542,20 |
(36,43) |
||||
|
Income tax of the period |
(384.462,18) |
(27.566,52) |
(126.140,75) |
1.294,67 |
||||
|
Net profit for the period |
1.060.393,52 |
1.090.894,38 |
884.682,95 |
(2,80) |
||||
RATIOS SNC
|
Closing Date |
31-12-2012 |
31-12-2011 |
31-12-2010 |
|
|
TURNOVER RATIOS |
|
|||
|
Shareholder's Funds Profitability |
0,093 |
0,106 |
0,094 |
|
|
Assets Profitability |
0,039 |
0,065 |
0,047 |
|
|
Sales Net Profitability |
0,059 |
0,07 |
0,061 |
|
|
|
|
|
|
|
|
EFFICIENCY RATIOS |
|
|
||
|
Medium Term Receivable |
122,664 |
139,174 |
146,788 |
|
|
Asset Rotation |
0,925 |
0,862 |
0,735 |
|
|
|
|
|
|
|
|
PRODUCTIVITY RATIOS |
|
|
||
|
Productivity |
2,668 |
2,443 |
2,696 |
|
|
|
|
|
|
|
|
SHORT TERM RATIOS |
|
|
||
|
General Liquidity |
1,803 |
2,075 |
1,777 |
|
|
Reduced Liquidity |
1,376 |
1,66 |
1,554 |
|
|
Immediate Liquidity |
0,23 |
0,343 |
0,442 |
|
|
|
|
|
|
|
|
MEDIUM LONG TERM RATIOS |
|
|
||
|
Financial Autonomy |
0,589 |
0,575 |
0,476 |
|
|
Solvability |
1,431 |
1,354 |
0,908 |
|
|
Borrowed Capital Structure |
0,748 |
0,615 |
0,54 |
|
|
General Debt |
0,192 |
0,332 |
0,535 |
|
|
Medium Long Term Debt |
0,11 |
0,185 |
0,369 |
|
|
Debt Structure |
0,748 |
0,615 |
0,54 |
|
|
Capital Structure |
5,676 |
3,518 |
1,973 |
|
|
|
|
|
|
|
|
Operational and Financial Risk |
|
|
||
|
Operational Leverage Level |
13,057 |
7,063 |
8,772 |
|
|
Financial Leverage Level |
1,106 |
1,1 |
1,242 |
|
|
Combined Leverage Level |
14,441 |
7,769 |
10,895 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.38 |
|
UK Pound |
1 |
Rs.102.15 |
|
Euro |
1 |
Rs.85.29 |
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.