MIRA INFORM REPORT
|
Report Date : |
19.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
GIL MACHADO LDA |
|
|
|
|
Registered Office : |
Quinta do Carregoso - Lote 54, Bitaraes, 4580-291-Bitaraes |
|
|
|
|
Country : |
Portugal |
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|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
26.11.1999 |
|
|
|
|
Com. Reg. No.: |
504714023 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacture of other outerwear in series |
|
|
|
|
No. of Employees : |
8 |
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 (31.03.2012) |
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 |
Identification
|
Name |
GIL MACHADO LDA |
|
V.A.T. Number / NIF |
504714023 |
|
Address |
Quinta do Carregoso - Lote 54 |
|
Locality |
Bitaraes |
|
Postal Code |
4580-291-BITARAES |
|
Municipality |
PAREDES |
|
District |
PORTO |
|
Telephone |
255784864, 919738919 |
|
Fax |
255784857 |
|
E-Mail |
mail-vestepele@sapo.pt |
|
Web Site |
www.vestepele.com |
|
|
|
|
C.A.E.(Rev 3) |
14131- Manufacture of other outerwear in
series |
Summary
|
Legal Form |
Private Limited Company |
|
Constitution |
26-11-1999 |
|
V.A.T. Number / NIF |
504714023 |
|
Employees |
8 |
|
Capital |
100.000,00 |
|
Sales in : 31-12-2011 |
813.235,09 |
|
Shareholders Funds in: 31-12-2011 |
224.549,42 |
|
Credit Risk Level |
Low Credit Risk |
|
Payments |
Good |
|
Credit Recommendation |
Credit Worthy |
|
Actual Condition |
In activity |
Financial Highlights
|
|
31-12-2009 |
|
31-12-2010 |
|
31-12-2011 |
|
Net Sales |
592.532,08 |
|
762.158,30 |
|
813.235,09 |
|
Net Income For the Year |
1.393,00 |
|
13.755,40 |
|
5.535,83 |
|
Shareholders Funds |
220.467,01 |
|
219.013,59 |
|
224.549,42 |
|
Stocks |
47.849,44 |
|
38.812,15 |
|
101.464,41 |
|
LIABILITY |
279.315,50 |
|
293.587,41 |
|
303.793,86 |
|
ASSETS |
499.782,51 |
|
512.601,00 |
|
528.343,28 |
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
Management Bodies
|
GIL ALBINO CEPEDA MACHADO |
Managing-Partner |
|
ROSSANA MARIA DE ANDRADE XAVIER MACHADO |
Managing-Partner |
Legal Structure
|
Registed on the Register Record Office of
Paredes with the Register Number 504714023 previous number 2112 in 26-11-1999 |
|
Constitution celebrated in 26-11-1999 published
on Diário da República number 8 of 11-01-2000 |
|
To oblige the company it is necessary 1
signatures |
Changes to Society
|
In 17-12-2009 on Portal MJ of 17-12-2009
increase of capital |
Capital
The Capital is
100.000,00
with
the following distribution
|
GIL ALBINO CEPEDA MACHADO |
50.000,00 |
50% |
|
ROSSANA MARIA DE ANDRADE XAVIER MACHADO |
50.000,00 |
50% |
Biographies
|
Name |
GIL ALBINO CEPEDA MACHADO |
|
Funtion |
Managing-Partner |
|
Address |
Quinta do Carregoso - Lote 54 |
|
Locality |
Bitaraes |
|
Civil State |
Married |
|
Consort |
Rossana Maria de Andrade Xavier Machado |
|
|
|
|
Name |
ROSSANA MARIA DE ANDRADE XAVIER MACHADO |
|
Funtion |
Managing-Partner |
|
Address |
Quinta do Carregoso - Lote 54 |
|
Locality |
Bitaraes |
|
Civil State |
Married |
|
Consort |
Gil Albino Cepeda Machado |
Activities
|
Line of Business |
Percentage |
|
Indústria de vestuário em pele e tecido. |
100% |
|
|
|
Type of Clients |
Retailers/Wholesalers |
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|
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Sales Conditions |
Cash/credit |
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|
|
Sales Area |
|
|
|
|
Country |
100% |
|
|
Trade
Marks
Vestepele
Vestecouro
Banks and Financial Institutions
|
CAIXA GERAL DE DEPOSITOS, SA |
Paredes |
|
MILLENNIUM BCP |
Paredes |
Incidents
There are no of incidents on our database
Employees
Total 8
Insurance
Zurich Companhia de Seguros SA
Companhia de Seguros Fidelidade Mundial
Head Office and Installations
Head office and installations Quinta do
Carregoso - Lote 54, Bitaraes, 4580-291, BITARAES, Tel:255784864, Fax:255784857
Financial Demonstration SNC
Balance Sheet SNC
CoinEURO
Date31-12-2011
|
Closing Date |
31-12-2011 |
31-12-2010 |
31-12-2009 |
Variaçăo (%) |
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|||
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ASSET |
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|||
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|
|
|
|
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Non-current
assets |
|
|||
|
Tangible fixed assets |
60.255,40 |
87.447,56 |
71.936,49 |
(31,10) |
|
Goodwill |
|
|
9.975,95 |
|
|
Total |
60.255,40 |
87.447,56 |
81.912,44 |
(31,10) |
|
|
|
|
|
|
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Current assets |
|
|
||
|
Inventories |
101.464,41 |
38.812,15 |
47.849,44 |
161,42 |
|
Costumers |
273.581,63 |
262.453,78 |
170.832,54 |
4,24 |
|
State and other public entities |
|
348,39 |
4.654,53 |
|
|
Deferrals |
3.952,32 |
|
|
|
|
Financial assets held for trading |
|
380,00 |
|
|
|
Other financial assets |
380,00 |
|
|
|
|
Cashier and bank deposits |
88.709,52 |
123.159,12 |
194.533,56 |
(27,97) |
|
Total |
468.087,88 |
425.153,44 |
417.870,07 |
10,10 |
|
TOTAL ASSET |
528.343,28 |
512.601,00 |
499.782,51 |
3,07 |
|
|
|
|
|
|
|
SHAREHOLDERS
FUNDS AND LIABILITIES |
|
|
||
|
|
|
|
|
|
|
SHAREHOLDERS
FUNDS |
|
|
||
|
Capital |
100.000,00 |
100.000,00 |
100.000,00 |
|
|
Legal reserves |
6.722,81 |
6.035,04 |
5.965,39 |
11,40 |
|
Net retained |
112.290,78 |
99.223,15 |
113.108,62 |
13,17 |
|
Total |
219.013,59 |
205.258,19 |
219.074,01 |
6,70 |
|
Net income for the period |
5.535,83 |
13.755,40 |
1.393,00 |
(59,76) |
|
TOTAL OF SHAREHOLDERS FUNDS |
224.549,42 |
219.013,59 |
220.467,01 |
2,53 |
|
|
|
|
|
|
|
LIABILITY |
|
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||
|
|
|
|
|
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Non-current
liiabilities |
|
|
||
|
Financing obtained |
32.298,71 |
55.594,81 |
51.574,58 |
(41,90) |
|
Other payable accounts |
49.000,03 |
49.424,00 |
|
(0,86) |
|
Total |
81.298,74 |
105.018,81 |
51.574,58 |
(22,59) |
|
|
|
|
|
|
|
Current
liabilities |
|
|
||
|
Suppliers |
109.339,75 |
151.101,33 |
144.888,34 |
(27,64) |
|
State and other public entities |
21.654,60 |
18.012,71 |
25.972,95 |
20,22 |
|
Financing obtained |
71.000,00 |
|
48.786,51 |
|
|
Other payable accounts |
20.500,77 |
19.454,56 |
8.093,12 |
5,38 |
|
Total |
222.495,12 |
188.568,60 |
227.740,92 |
17,99 |
|
TOTAL LIABILITIES |
303.793,86 |
293.587,41 |
279.315,50 |
3,48 |
|
TOTAL SHAREHOLDERS FUNDS AND LIABILITIES |
528.343,28 |
512.601,00 |
499.782,51 |
3,07 |
|
|
|
|
|
|
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INCOME STATEMENT
|
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|
INCOME AND
EXPENSES |
|
|
||
|
Sales and services |
813.235,09 |
762.158,30 |
592.532,08 |
6,70 |
|
Cost of goods sold and materials consumed |
552.019,47 |
505.036,56 |
391.151,34 |
9,30 |
|
Suppliers and external services |
112.601,00 |
113.548,67 |
78.014,05 |
(0,83) |
|
Personnel costs |
103.747,53 |
98.098,02 |
87.188,72 |
5,76 |
|
Other income and gains |
630,31 |
14.444,22 |
10.120,37 |
(95,64) |
|
Other expenses and losses |
572,94 |
5.204,91 |
7.440,86 |
(88,99) |
|
Result before depreciation, financing
costs and taxes |
44.924,46 |
54.714,36 |
38.857,48 |
(17,89) |
|
Expenses/reversals of depreciation and
amortization |
27.192,16 |
27.686,06 |
31.230,28 |
(1,78) |
|
Operating result (before financing costs
and taxes) |
17.732,30 |
27.028,30 |
7.627,20 |
(34,39) |
|
Interest and similar income obtained |
19,62 |
|
|
|
|
interest and similar expenses incurred |
5.106,82 |
6.842,87 |
5.293,34 |
(25,37) |
|
Net before taxes |
12.645,10 |
20.185,43 |
2.333,86 |
(37,36) |
|
Income tax of the period |
7.109,27 |
6.430,03 |
940,86 |
10,56 |
|
Net profit for the period |
5.535,83 |
13.755,40 |
1.393,00 |
(59,76) |
RATIOS SNC
|
Closing Date |
31-12-2011 |
31-12-2010 |
31-12-2009 |
|
|
TURNOVER RATIOS |
|
|||
|
Shareholder's Funds Profitability |
0,025 |
0,063 |
0,006 |
|
|
Assets Profitability |
0,034 |
0,053 |
0,015 |
|
|
Sales Net Profitability |
0,007 |
0,018 |
0,002 |
|
|
|
|
|
|
|
|
EFFICIENCY
RATIOS |
|
|
||
|
Medium Term Receivable |
122,79 |
125,69 |
105,233 |
|
|
Asset Rotation |
1,539 |
1,487 |
1,186 |
|
|
|
|
|
|
|
|
PRODUCTIVITY
RATIOS |
|
|
||
|
Productivity |
2,518 |
2,621 |
2,31 |
|
|
|
|
|
|
|
|
SHORT TERM
RATIOS |
|
|
||
|
General Liquidity |
2,104 |
2,255 |
1,835 |
|
|
Reduced Liquidity |
1,648 |
2,049 |
1,625 |
|
|
Immediate Liquidity |
0,399 |
0,653 |
0,854 |
|
|
|
|
|
|
|
|
MEDIUM LONG TERM
RATIOS |
|
|
||
|
Financial Autonomy |
0,425 |
0,427 |
0,441 |
|
|
Solvability |
0,739 |
0,746 |
0,789 |
|
|
Borrowed Capital Structure |
0,732 |
0,642 |
0,815 |
|
|
General Debt |
0,46 |
0,254 |
0,455 |
|
|
Medium Long Term Debt |
0,144 |
0,254 |
0,234 |
|
|
Debt Structure |
0,732 |
0,642 |
0,815 |
|
|
Capital Structure |
2,762 |
2,085 |
4,275 |
|
|
|
|
|
|
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Operational and
Financial Risk |
|
|
||
|
Operational Leverage Level |
14,731 |
9,513 |
26,403 |
|
|
Financial Leverage Level |
1,402 |
1,339 |
3,268 |
|
|
Combined Leverage Level |
20,653 |
12,738 |
86,285 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.53.94 |
|
UK Pound |
1 |
Rs.86.24 |
|
Euro |
1 |
Rs.72.20 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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.