MIRA
INFORM REPORT
|
Report Date : |
13.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
CAPA-ENGENHARIA E CONSTRUCOES METALOMECANICAS
SA |
|
|
|
|
Registered Office : |
Rua Ribeiro Cambado, 1491 - Apartado 31, Alto Da Serra,
4444-909-Valongo, Valongo, Porto District |
|
|
|
|
Country : |
Portugal |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
27.12.1985 |
|
|
|
|
Com. Reg. No.: |
501628010 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturer of metal structures of buildings |
|
|
|
|
No. of Employees : |
105 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Portugal |
B1 |
B1 |
|
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
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 |
CAPA-ENGENHARIA E CONSTRUCOES
METALOMECANICAS SA |
|
V.A.T. Number / NIF |
501628010 |
|
Address |
Rua Ribeiro Cambado, 1491 - Apartado 31 |
|
Locality |
Alto Da Serra |
|
Postal Code |
4444-909-VALONGO |
|
Municipality |
VALONGO |
|
District |
PORTO |
|
Telephone |
224219600 |
|
Fax |
224219609 |
|
E-Mail |
|
|
Web Site |
|
|
|
|
|
C.A.E.(Rev 3) |
25110- Manufacture of metal structures of
buildings |
SUMMARY
|
Legal Form |
Joint Stock Company |
|
Constitution |
27-12-1985 |
|
V.A.T. Number / NIF |
501628010 |
|
Employees |
105 |
|
Capital |
500.000,00 |
|
Sales in : 31-12-2011 |
17.165.039,66 |
|
Shareholders Funds in: 31-12-2011 |
13.613.092,25 |
|
Payments |
Good |
|
Actual Condition |
In activity |
FINANCIAL HIGHLIGHTS
All the amounts are
express in Euros, otherwise you will be advised
|
|
31-12-2009 |
|
31-12-2010 |
|
31-12-2011 |
|
Net Sales |
18.541.495,93 |
|
18.358.238,23 |
|
17.165.039,66 |
|
Net Income For the Year |
3.538.208,96 |
|
3.635.026,35 |
|
3.112.771,77 |
|
Shareholders Funds |
8.815.117,28 |
|
11.752.778,24 |
|
13.613.092,25 |
|
Stocks |
2.209.006,84 |
|
2.267.347,47 |
|
3.185.882,53 |
|
LIABILITY |
10.066.740,34 |
|
7.341.390,91 |
|
6.970.988,19 |
|
ASSETS |
18.881.857,62 |
|
19.094.169,15 |
|
20.584.080,44 |
BUSINESS CONCEPT
|
Consulted sources say that the subject has
been respecting its payments and commercial commitments, so credit
connections with this company are recommended. |
GOVERNING
BODIES
|
Board of Director's |
|
|
MANUEL FRAZAO FILIPE INACIO |
Board of Director's President |
|
PEDRO MIGUEL DA COSTA INACIO |
Administrator |
|
CARLA ALEXANDRA LOPES INACIO |
Administrator |
|
|
|
|
Fiscal Board |
|
|
RIBEIRO,PIRES & SOUSA SROC |
Unique Fiscal |
|
MANUEL CALVAO PIRES |
Fiscal Board Substitute |
|
|
|
|
Chair of General Meeting |
|
|
ISMAEL CONCEICAO CARDOSO |
Chair of General Meeting
President |
LEGAL STRUCTURE
|
Registered on the Register Record
Office of Valongo with the Register Number 501628010 previous number 42123 in
13-05-1986 |
|
Constitution celebrated in
27-12-1985 published on Diário da República number 17 of 21-01-1986 |
|
To oblige the company it is
necessary 2 signature |
|
Changes to Society |
|
In 10-04-2012 on Portal MJ of
18-04-2012 social change |
|
In 30-12-2008 on Portal MJ of
20-02-2009 board of director's change |
|
In 30-12-2008 on Portal MJ of
20-02-2009 board of director's change |
|
In 25-03-2008 on Portal MJ of 15-05-2008
board of director's change |
|
In 26-10-2004 change in to a
joint stock company Clique para ver detalhes |
CAPITAL
|
The Capital is 500.000,00 ,
divided in 500000 shares , with a nominal value of 1,00 |
|
ACTIVITIES
|
Line of Business |
Percentage |
|
Fabrico de sistemas de
pré-fabricados e serviços de engenharia e construçăo metalomecânica |
100% |
|
Type of Clients |
Private Companies |
|
|
|
Sales Conditions |
Contract |
|
|
|
Sales Area |
|
|
|
|
Country |
60% |
Foreign |
40% |
|
Exports |
40% |
to |
ANGOLA,ESPANHA |
BANKS AND FINANCIAL INSTITUTIONS
|
BANCO BPI, SA |
Boavista - Porto |
|
BANIF - BANCO INTERNACIONAL DO
FUNCHAL, SA |
Porto |
|
BANCO ESPIRITO SANTO, SA |
Valongo |
INCIDENTS
LEGAL ACTIONS
|
Date |
Process |
Author |
Type |
Amount |
Judicial
District |
Court |
Situation |
|
06-12-2012 |
4740/12.3TBGDM |
Condomínio
Parque Industrial D. Miguel, Admin. Por "Confere, Lda" |
Executiva
Comum |
1.210,40 |
Gondomar - Tribunal
Judicial |
|
|
|
22-06-2012 |
393/12.7TBPNI |
Maria Helena
Santos Simơes Valente, |
Sumária |
21.805,35 |
Peniche -
Tribunal Judicial |
|
|
|
22-06-2012 |
393/12.7TBPNI |
António José
Pires Fernandes, |
Sumária |
21.805,35 |
Peniche - Tribunal
Judicial |
|
|
|
27-12-2011 |
5474/07.6THLSB |
Tnt Express
Worldwide (portugal), Transitários, Transportes e Serviços Complemen |
Especial
Cump.Obrig. Pecuniarias DL 269/98 |
2.824,54 |
Lisboa -
Tribunal de Pequena Instância Cível |
|
|
|
11-01-2011 |
114/11.1TBGDM |
Condominio
Parque Industrial D. Miguel, Admin. Por "Confere, Lda" |
Executiva
Comum |
2.568,12 |
Gondomar -
Tribunal Judicial |
|
|
|
21-05-2010 |
1435/10.6TBTVD |
Ana Cristina
Alves Reis Vieira |
Ordinária |
50.882,00 |
Torres Vedras
- Tribunal Judicial |
|
|
|
02-12-2009 |
6762/09.2TBLRA |
Olisbetăo -
Pré-Fabricados de Betăo, Ldª |
|
|
|
|
|
EMPLOYEES
Total 105
INSURANCE
|
Mapfre Seguros Generales |
HEAD OFFICE AND INSTALLATIONS
|
Head office and factory owned
with an area of 16.000 m2 Rua Ribeiro Cambado, 1491 - Apartado 31, Alto Da
Serra, 4444-909, VALONGO, Tel:224219600, Fax:224219609 |
|
Had head office Rua do Alto
das Torres, 491 - Laborim, Vila Nova De Gaia, 4400, VILA NOVA DE GAIA |
|
Had head office Rua do Amparo,
24 - 4.º Esq., Porto, 4350-031, PORTO |
SPECIAL INFORMATION
|
Event |
General Description |
|
Quality Certification |
A titular é uma empresa
certificada pela norma NP ISO 9001:2000. |
FINANCIAL DEMONSTRATION SNC
|
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 |
2.609.423,14 |
2.599.112,50 |
2.466.053,01 |
0,40 |
|
Financial participations -
patrimonial equity method |
2.295.899,94 |
1.724.199,16 |
1.715.237,40 |
33,16 |
|
Other financial assets |
87.275,12 |
188.175,12 |
236.675,12 |
(53,62) |
|
Total |
4.992.598,20 |
4.511.486,78 |
4.417.965,53 |
10,66 |
|
|
|
|
|
|
|
Current assets |
|
|
||
|
Inventories |
3.185.882,53 |
2.267.347,47 |
2.209.006,84 |
40,51 |
|
Costumers |
5.296.124,84 |
7.402.318,24 |
5.368.273,49 |
(28,45) |
|
State and other public
entities |
526.213,11 |
172.103,32 |
116.406,62 |
205,75 |
|
Other accounts receivable |
1.329.752,71 |
339.328,91 |
270.239,85 |
291,88 |
|
Deferrals |
12.597,98 |
6.267,31 |
59,60 |
101,01 |
|
Other financial assets |
673.182,48 |
42.555,72 |
38.334,13 |
1.481,88 |
|
Cashier and bank deposits |
4.567.728,59 |
4.352.761,40 |
6.461.571,56 |
4,94 |
|
Total |
15.591.482,24 |
14.582.682,37 |
14.463.892,09 |
6,92 |
|
TOTAL ASSET |
20.584.080,44 |
19.094.169,15 |
18.881.857,62 |
7,80 |
|
|
|
|
|
|
|
SHAREHOLDERS FUNDS AND
LIABILITIES |
|
|
||
|
|
|
|
|
|
|
SHAREHOLDERS FUNDS |
|
|
||
|
Capital |
500.000,00 |
500.000,00 |
500.000,00 |
|
|
Other shareholders funds
instruments |
311.245,42 |
311.245,42 |
311.245,42 |
|
|
Legal reserves |
100.000,00 |
100.000,00 |
100.000,00 |
|
|
Other reserves |
22.456,57 |
22.456,57 |
22.456,57 |
|
|
Net retained |
7.814.633,87 |
5.633.476,91 |
2.919.338,31 |
38,72 |
|
Adjustments on financial
assets |
1.706.996,93 |
1.503.127,54 |
1.373.964,81 |
13,56 |
|
Revaluation surplus |
22.867,86 |
22.867,86 |
22.867,86 |
|
|
Other shareholders funds
changes |
22.119,83 |
24.577,59 |
27.035,35 |
(10,00) |
|
Total |
10.500.320,48 |
8.117.751,89 |
5.276.908,32 |
29,35 |
|
Net income for the period |
3.112.771,77 |
3.635.026,35 |
3.538.208,96 |
(14,37) |
|
TOTAL OF SHAREHOLDERS FUNDS |
13.613.092,25 |
11.752.778,24 |
8.815.117,28 |
15,83 |
|
|
|
|
|
|
|
LIABILITY |
|
|
||
|
|
|
|
|
|
|
Non-current liiabilities |
|
|
||
|
Provisions |
|
|
1.132.796,75 |
|
|
Financing obtained |
1.263.149,85 |
2.190.000,00 |
3.190.600,00 |
(42,32) |
|
Total |
1.263.149,85 |
2.190.000,00 |
4.323.396,75 |
(42,32) |
|
|
|
|
|
|
|
Current liabilities |
|
|
||
|
Suppliers |
3.227.729,17 |
2.055.775,13 |
2.574.754,54 |
57,01 |
|
State and other public
entities |
244.815,12 |
94.845,74 |
196.315,27 |
158,12 |
|
Financing obtained |
999.423,16 |
1.055.901,83 |
684.399,81 |
(5,35) |
|
Other payable accounts |
1.068.308,91 |
665.591,15 |
535.337,88 |
60,51 |
|
Deferrals |
156.504,26 |
1.254.257,93 |
1.713.004,17 |
(87,52) |
|
Other financial liabilities |
11.057,72 |
25.019,13 |
39.531,92 |
(55,80) |
|
Total |
5.707.838,34 |
5.151.390,91 |
5.743.343,59 |
10,80 |
|
TOTAL LIABILITIES |
6.970.988,19 |
7.341.390,91 |
10.066.740,34 |
(5,05) |
|
TOTAL SHAREHOLDERS FUNDS AND
LIABILITIES |
20.584.080,44 |
19.094.169,15 |
18.881.857,62 |
7,80 |
|
|
|
|
|
|
|
INCOME STATEMENT |
|
|
||
|
|
|
|
|
|
|
INCOME AND EXPENSES |
|
|
||
|
Sales and services |
17.165.039,66 |
18.358.238,23 |
18.541.495,93 |
(6,50) |
|
Operating government grants |
1.574,47 |
10.319,89 |
36.630,84 |
(84,74) |
|
Gains/losses allocated
subsidiaries, associates and joint ventures |
571.700,78 |
203.869,39 |
324.070,36 |
180,43 |
|
Variation in production inventories |
464.718,75 |
70.836,56 |
(214.514,42) |
556,04 |
|
Work for the entity itself |
266.927,00 |
4.486,00 |
|
5.850,22 |
|
Cost of goods sold and
materials consumed |
10.197.343,10 |
8.047.350,58 |
9.089.916,11 |
26,72 |
|
Suppliers and external services |
2.411.451,02 |
3.587.479,77 |
2.452.755,23 |
(32,78) |
|
Personnel costs |
2.349.161,17 |
2.264.529,25 |
2.282.951,85 |
3,74 |
|
Impairment of inventories
(losses/revearsals) |
(29.860,00) |
|
|
|
|
Impairment of receivables
(losses/revearsals) |
207.962,93 |
146.381,17 |
122.347,38 |
42,07 |
|
Provisions
(increases/reductions) |
|
(313.197,26) |
2.401,57 |
|
|
Increases/decreases in fair
value |
(414,07) |
(10.487,13) |
|
(96,05) |
|
Other income and gains |
851.434,39 |
358.376,12 |
272.481,03 |
137,58 |
|
Other expenses and losses |
119.552,22 |
197.214,28 |
220.402,91 |
(39,38) |
|
Result before depreciation,
financing costs and taxes |
4.065.370,54 |
5.065.881,27 |
4.789.388,69 |
(19,75) |
|
Expenses/reversals of
depreciation and amortization |
388.929,21 |
308.865,57 |
430.768,16 |
25,92 |
|
Operating result (before
financing costs and taxes) |
3.676.441,33 |
4.757.015,70 |
4.358.620,53 |
(22,72) |
|
Interest and similar income
obtained |
238.519,24 |
|
|
|
|
interest and similar expenses incurred |
62.471,75 |
68.069,87 |
159.499,82 |
(8,22) |
|
Net before taxes |
3.852.488,82 |
4.688.945,83 |
4.199.120,71 |
(17,84) |
|
Income tax of the period |
739.717,05 |
1.053.919,48 |
660.911,75 |
(29,81) |
|
Net profit for the period |
3.112.771,77 |
3.635.026,35 |
3.538.208,96 |
(14,37) |
RATIOS SNC
|
Closing Date |
31-12-2011 |
31-12-2010 |
31-12-2009 |
|
|
|
|
|||
|
TURNOVER RATIOS |
|
|||
|
Shareholder's Funds
Profitability |
0,229 |
0,309 |
0,401 |
|
|
Assets Profitability |
0,179 |
0,249 |
0,231 |
|
|
Sales Net Profitability |
0,181 |
0,198 |
0,191 |
|
|
|
|
|
|
|
|
EFFICIENCY RATIOS |
|
|
||
|
Medium Term Receivable |
112,617 |
147,173 |
105,677 |
|
|
Asset Rotation |
0,834 |
0,961 |
0,982 |
|
|
|
|
|
|
|
|
PRODUCTIVITY RATIOS |
|
|
||
|
Productivity |
2,966 |
4,553 |
4,14 |
|
|
|
|
|
|
|
|
SHORT TERM RATIOS |
|
|
||
|
General Liquidity |
2,732 |
2,831 |
2,518 |
|
|
Reduced Liquidity |
2,173 |
2,391 |
2,134 |
|
|
Immediate Liquidity |
0,8 |
0,845 |
1,125 |
|
|
|
|
|
|
|
|
MEDIUM LONG TERM RATIOS |
|
|
||
|
Financial Autonomy |
0,661 |
0,616 |
0,467 |
|
|
Solvability |
1,953 |
1,601 |
0,876 |
|
|
Borrowed Capital Structure |
0,819 |
0,702 |
0,571 |
|
|
General Debt |
0,166 |
0,276 |
0,44 |
|
|
Medium Long Term Debt |
0,093 |
0,186 |
0,362 |
|
|
Debt Structure |
0,819 |
0,702 |
0,571 |
|
|
Capital Structure |
10,777 |
5,367 |
2,039 |
|
|
|
|
|
|
|
|
Operational and Financial Risk |
|
|
||
|
Operational Leverage Level |
1,895 |
2,168 |
2,168 |
|
|
Financial Leverage Level |
0,954 |
1,015 |
1,038 |
|
|
Combined Leverage Level |
1,808 |
2,201 |
2,25 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.27 |
|
UK Pound |
1 |
Rs.91.16 |
|
Euro |
1 |
Rs.77.50 |
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.