|
Report Date : |
19.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
S.ROQUE-MAQUINAS
E TECNOLOGIA LASER SA |
|
|
|
|
Registered Office : |
Rua das Ribes, 400
Oliveira (Sao Mateus) 4765-Oliveira (Sao Mateus) Vila Nova De Famalicao Braga |
|
|
|
|
Country : |
Portugal |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
04.11.1983 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacture of machinery, particularly for textile, apparel and leather, and metal
materials processing, laser
cutting and welding including using maquins and laser
technology. |
|
|
|
|
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 |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
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 |
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-OLIVEIRA
(SAO MATEUS) |
|
Municipality |
VILA NOVA DE
FAMALICAO |
|
District |
BRAGA |
|
Telephone |
252980500 |
|
Fax |
252980501 |
|
E-Mail |
info@sroque.pt |
|
Web Site |
www.sroque.pt |
|
|
|
|
C.A.E.(Rev 3) |
28940-
Manufacture of machinery for textile, apparel and leather |
|
|
All the amounts are express in Euros, otherwise you will be advised
|
|
|
|
Board of
Director's |
|
|
JOAQUIM MANUEL
DA SILVA E SA |
Shareholder and
Board of Director's Vice-President |
|
MANUEL DA SILVA
CORREIA DE SA |
Shareholder and
Board of Director's Pres. |
|
RUI MANUEL
RIBEIRO MACHADO |
Administrator |
|
|
|
|
Fiscal Board |
|
|
ARMINDO
COSTA,SERRA CRUZ,MARTINS E ASSOCIADOS-SROC |
Unique Fiscal |
|
ANTONIO MANUEL
PINHEIRO FERNANDES |
Fiscal Board
Substitute |
|
Registed 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 |
|
To oblige the
company it is necessary 2 signature |
|
Changes to
Society |
|
In 08-02-2010
on Portal MJ of 09-02-2010 head office change |
|
|
In 11-11-2009
on Portal MJ of 12-11-2009 change in to a joint stock company Clique para ver detalhes
|
|
|
In 30-10-2008
on Portal MJ of 31-10-2008 increase of capital Clique para ver detalhes
|
|
|
In 15-02-2002 on
Diário da República number 269 of 20-11-2003 denomination change Clique para ver detalhes
|
|
|
In 22-01-2002 increase
and redenomination of capital Clique
para ver detalhes
|
|
The Capital is
1.010.000,00 , divided in 202000 shares , with a nominal value of 5,00 |
|
|
with the
following shareholders |
|
JOAQUIM MANUEL
DA SILVA E SA |
470.850,00 |
46,619% |
|
MANUEL DA SILVA
CORREIA DE SA |
477.665,00 |
47,294% |
|
OLINDA BALBINA
OLIVEIRA DA SILVA E SA |
27.285,00 |
2,701% |
|
LAURENTINA
ROSARIO MOREIRA DA SILVA PEREIRA |
34.100,00 |
3,376% |
|
MARIA GORETTI
SILVA CORREIA DE SA |
100,00 |
0,01% |
|
Line of
Business |
Percentage |
|
Manufacture of machinery, particularly for
textile, apparel and leather, and metal
materials processing, laser
cutting and welding including using maquins and laser
technology. |
100% |
|
Type of Clients
|
Private
Companies |
|
|
|
Sales
Conditions |
Contract |
|
|
|
Sales Area |
|
|
|
|
Country |
20% |
Foreign |
80% |
|
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 |
|
Trade Marks |
|
Roqprints |
|
Roqpack |
|
Roqsold |
|
Roqlaiser |
|
BANCO SANTANDER
TOTTA SA |
Centro de
Empresas - Guimarăes |
|
BANIF - BANCO
INTERNACIONAL DO FUNCHAL, SA |
Guimarăes |
|
MILLENNIUM BCP |
Guimarăes |
|
BANCO ESPIRITO
SANTO, SA |
Delăes |
|
There are no of
incidents on our database |
|
Total |
190 |
|
Trade Mark |
Quantity |
License Number |
|
Uma frota de |
19 |
|
|
Companhia de
Seguros Fidelidade Mundial |
|
Head office and
installations with an area of 13000m2 m2 Rua das Ribes, 400, Oliveira (Sao
Mateus), 4765, OLIVEIRA (S. MATEUS), Tel:252980500, Fax:252980501 |
|
Balance Sheet SNC |
||
|
CoinEURO |
|
Date31-12-2011 |
|
|
||
|
Closing Date |
31-12-2011 |
31-12-2010 |
31-12-2009 |
Variaçăo (%) |
|
|
|
|||
|
ASSET |
|
|||
|
|
|
|
|
|
|
Non-current
assets |
|
|||
|
Tangible fixed
assets |
8.130.540,90 |
9.542.600,65 |
8.746.513,60 |
(14,80) |
|
Intangible
assets |
61.020,29 |
25.315,31 |
19.565,32 |
141,04 |
|
Financial
participations - other methods |
|
37.500,00 |
|
|
|
Other financial
assets |
37.500,00 |
258.937,57 |
22.500,00 |
(85,52) |
|
Total |
8.229.061,19 |
9.864.353,53 |
8.788.578,92 |
(16,58) |
|
|
|
|
|
|
|
Current assets |
|
|
||
|
Inventories |
1.948.052,97 |
1.250.236,98 |
958.293,07 |
55,81 |
|
Costumers |
5.909.711,35 |
5.864.553,43 |
5.620.709,08 |
0,77 |
|
Advances to
suppliers |
|
|
9.355,48 |
|
|
State and other
public entities |
165.969,65 |
266.890,94 |
688.130,53 |
(37,81) |
|
Other accounts
receivable |
23.834,30 |
33.711,62 |
42,00 |
(29,30) |
|
Deferrals |
90.509,81 |
70.265,21 |
64.143,90 |
28,81 |
|
Cashier and
bank deposits |
1.609.147,45 |
2.481.270,41 |
874.713,33 |
(35,15) |
|
Total |
9.747.225,53 |
9.966.928,59 |
8.215.387,39 |
(2,20) |
|
TOTAL ASSET |
17.976.286,72 |
19.831.282,12 |
17.003.966,31 |
(9,35) |
|
|
|
|
|
|
|
SHAREHOLDERS
FUNDS AND LIABILITIES |
|
|
||
|
|
|
|
|
|
|
SHAREHOLDERS
FUNDS |
|
|
||
|
Capital |
1.010.000,00 |
1.010.000,00 |
1.010.000,00 |
|
|
Other
shareholders funds instruments |
|
190.000,00 |
190.000,00 |
|
|
Legal reserves |
210.503,62 |
166.269,47 |
125.896,96 |
26,60 |
|
Other reserves |
3.262.427,02 |
2.437.686,30 |
1.770.608,62 |
33,83 |
|
Net retained |
1.728.837,89 |
967.213,33 |
216.494,84 |
78,74 |
|
Revaluation
surplus |
3.036.594,66 |
3.782.511,14 |
3.232.825,55 |
(19,72) |
|
Total |
9.248.363,19 |
8.553.680,24 |
6.545.825,97 |
8,12 |
|
Net income for
the period |
1.090.894,38 |
884.682,95 |
707.516,85 |
23,31 |
|
TOTAL OF
SHAREHOLDERS FUNDS |
10.339.257,57 |
9.438.363,19 |
7.253.342,82 |
9,55 |
|
|
|
|
|
|
|
LIABILITY |
|
|
||
|
|
|
|
|
|
|
Non-current
liiabilities |
|
|
||
|
Provisions |
|
2.396,53 |
2.396,53 |
|
|
Financing
obtained |
1.909.497,82 |
3.484.718,21 |
3.920.237,83 |
(45,20) |
|
Diferred taxes
liabilities |
1.029.811,69 |
1.295.500,54 |
1.121.170,30 |
(20,51) |
|
Total |
2.939.309,51 |
4.782.615,28 |
5.043.804,66 |
(38,54) |
|
|
|
|
|
|
|
Current
liabilities |
|
|
||
|
Suppliers |
2.040.321,35 |
3.178.363,37 |
1.805.100,28 |
(35,81) |
|
Advances from
costumers |
135.550,70 |
269.560,48 |
113.366,45 |
(49,71) |
|
State and other
public entities |
138.798,97 |
72.738,22 |
83.876,07 |
90,82 |
|
Financing
obtained |
1.524.267,80 |
1.568.017,14 |
2.257.618,06 |
(2,79) |
|
Other payable
accounts |
857.180,82 |
521.624,44 |
446.857,97 |
64,33 |
|
Deferrals |
1.600,00 |
|
|
|
|
Total |
4.697.719,64 |
5.610.303,65 |
4.706.818,83 |
(16,27) |
|
TOTAL
LIABILITIES |
7.637.029,15 |
10.392.918,93 |
9.750.623,49 |
(26,52) |
|
TOTAL
SHAREHOLDERS FUNDS AND LIABILITIES |
17.976.286,72 |
19.831.282,12 |
17.003.966,31 |
(9,35) |
|
|
|
|
|
|
|
INCOME
STATEMENT |
|
|
||
|
|
|
|
|
|
|
INCOME AND
EXPENSES |
|
|
||
|
Sales and
services |
15.498.917,39 |
14.582.675,99 |
11.277.529,38 |
6,28 |
|
Operating
government grants |
2.115,47 |
5.041,39 |
15.572,28 |
(58,04) |
|
Variation in
production inventories |
514.617,72 |
187.459,43 |
63.465,78 |
174,52 |
|
Cost of goods
sold and materials consumed |
7.235.783,92 |
6.320.848,32 |
4.246.744,02 |
14,47 |
|
Suppliers and
external services |
2.281.753,89 |
2.373.799,40 |
1.704.834,27 |
(3,88) |
|
Personnel costs
|
3.382.249,03 |
3.064.706,36 |
2.656.783,10 |
10,36 |
|
Impairment of
receivables (losses/revearsals) |
124.207,40 |
22.966,32 |
60.367,68 |
440,82 |
|
Other income
and gains |
215.237,94 |
187.313,61 |
122.188,88 |
14,91 |
|
Other expenses
and losses |
135.980,45 |
50.268,24 |
88.428,25 |
170,51 |
|
Result before
depreciation, financing costs and taxes |
3.070.913,83 |
3.129.901,78 |
2.721.599,00 |
(1,88) |
|
Expenses/reversals
of depreciation and amortization |
1.901.038,89 |
2.188.018,02 |
1.857.629,14 |
(13,12) |
|
Operating
result (before financing costs and taxes) |
1.169.874,94 |
941.883,76 |
863.969,86 |
24,21 |
|
interest and
similar expenses incurred |
106.547,08 |
183.341,56 |
207.218,39 |
(41,89) |
|
Net before
taxes |
1.063.327,86 |
758.542,20 |
656.751,47 |
40,18 |
|
Income tax of
the period |
(27.566,52) |
(126.140,75) |
(50.765,38) |
(78,15) |
|
Net profit for
the period |
1.090.894,38 |
884.682,95 |
707.516,85 |
23,31 |
|
Closing Date |
31-12-2011 |
31-12-2010 |
31-12-2009 |
|
|
|
|
|||
|
TURNOVER RATIOS
|
|
|||
|
Shareholder's
Funds Profitability |
0,106 |
0,094 |
0,098 |
|
|
Assets
Profitability |
0,065 |
0,047 |
0,051 |
|
|
Sales Net Profitability
|
0,07 |
0,061 |
0,063 |
|
|
|
|
|
|
|
|
EFFICIENCY
RATIOS |
|
|
||
|
Medium Term
Receivable |
139,174 |
146,788 |
181,915 |
|
|
Asset Rotation |
0,862 |
0,735 |
0,663 |
|
|
|
|
|
|
|
|
PRODUCTIVITY
RATIOS |
|
|
||
|
Productivity |
2,443 |
2,696 |
2,646 |
|
|
|
|
|
|
|
|
SHORT TERM
RATIOS |
|
|
||
|
General
Liquidity |
2,075 |
1,777 |
1,745 |
|
|
Reduced
Liquidity |
1,66 |
1,554 |
1,542 |
|
|
Immediate
Liquidity |
0,343 |
0,442 |
0,186 |
|
|
|
|
|
|
|
|
MEDIUM LONG TERM
RATIOS |
|
|
||
|
Financial
Autonomy |
0,575 |
0,476 |
0,427 |
|
|
Solvability |
1,354 |
0,908 |
0,744 |
|
|
Borrowed
Capital Structure |
0,615 |
0,54 |
0,483 |
|
|
General Debt |
0,332 |
0,535 |
0,852 |
|
|
Medium Long
Term Debt |
0,185 |
0,369 |
0,54 |
|
|
Debt Structure |
0,615 |
0,54 |
0,483 |
|
|
Capital
Structure |
3,518 |
1,973 |
1,438 |
|
|
|
|
|
|
|
|
Operational and
Financial Risk |
|
|
||
|
Operational
Leverage Level |
7,063 |
8,772 |
8,138 |
|
|
Financial
Leverage Level |
1,1 |
1,242 |
1,316 |
|
|
Combined
Leverage Level |
7,769 |
10,895 |
10,71 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.29 |
|
|
1 |
Rs.84.09 |
|
Euro |
1 |
Rs.72.44 |
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.