MIRA
INFORM REPORT
|
Report Date : |
22.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
HELM |
|
|
|
|
Registered Office : |
Estrada Nacional N.º 10 Ao Km 140,26, Bobadela, 2695-066-Bobadela Lrs, Loures, Lisboa |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
22.04.1971 |
|
|
|
|
Com. Reg. No.: |
500297088 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Subject is engaged in trade in chemicals for the feed industry, food
and pharmaceutical human |
|
|
|
|
No. of Employees : |
24 |
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 |
HELM
PORTUGAL LDA |
|
V.A.T.
Number / NIF |
500297088 |
|
Address |
Estrada
Nacional n.º 10 ao Km 140,26 |
|
Locality |
Bobadela |
|
Postal
Code |
2695-066-BOBADELA
LRS |
|
Municipality |
LOURES |
|
District |
LISBOA |
|
Telephone |
219948300 |
|
Fax |
219552475 |
|
E-Mail |
|
|
Web
Site |
|
|
|
|
|
C.A.E.(Rev
3) |
46750-
Wholesale trade of chemicals |
SUMMARY
|
Legal Form |
Private Limited Company |
|
Constitution |
22-04-1971 |
|
V.A.T. Number / NIF |
500297088 |
|
Employees |
24 |
|
Capital |
600.000,00 |
|
Sales in : 31-12-2011 |
22.531.159,71 |
|
Shareholders Funds in:
31-12-2011 |
3.264.382,65 |
|
Payments |
Good |
fINANCIAL HIGHLIGHTS
|
|
31-12-2009 |
|
31-12-2010 |
|
31-12-2011 |
|
Net Sales |
22.701.820,21 |
|
22.505.814,61 |
|
22.531.159,71 |
|
Net Income For the Year |
732.235,93 |
|
768.332,95 |
|
899.050,33 |
|
Shareholders Funds |
3.097.568,25 |
|
3.133.665,27 |
|
3.264.382,65 |
|
Stocks |
1.039.255,71 |
|
1.208.047,35 |
|
1.206.085,67 |
|
LIABILITY |
5.635.021,94 |
|
5.681.449,53 |
|
5.669.902,64 |
|
ASSETS |
8.732.590,19 |
|
8.815.114,80 |
|
8.934.285,29 |
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
MARIA ISABEL NAZARE ALMEIDA Manager
GRÁFICOS DE ANÁLISE SECTORIAL
Rating Dinam – Sector Comparison
Sales - Sector Comparison
Level Risk - Sectoral Analysis
LEGAL STRUCTURE
|
Registered on the Register
Record Office of Loures with the Register Number 500297088 previous number 9137
in 30-08-1977 |
|
Constitution celebrated in
22-04-1971 published on Diário da República number 134 of 08-06-1971 |
|
To oblige the company it is
necessary 1 signatures |
|
Changes to Society |
|
In 04-02-2013 on Portal MJ of 07-02-2013
social change |
|
In 31-12-2012 on Portal MJ of
08-03-2013 manager change |
|
In 04-03-2008 on Portal MJ of
05-03-2008 manager change |
|
In 11-05-2006 on Portal MJ of
01-06-2006 denomination change Clique para ver detalhes |
|
In 14-01-2005 on Diário da
República number 84 of 02-05-2005 manager change |
CAPITAL
|
The Capital is 600.000,00 |
|
|
with the following
distribution |
|
HELM AG |
600.000,00 |
100% |
BIOGRAPHIES
|
|
|
|
Name |
MARIA ISABEL NAZARE ALMEIDA |
|
Function |
Manager |
|
Address |
Azinhaga da Fonte, 10 -
Chamboeira |
|
Locality |
Bucelas |
|
Birth Date |
1953 |
|
Civil State |
Divorced |
|
Previous Connections |
Foi sócia gerente da firma
Quifipor-Quimica Fina Portuguesa Lda. |
SHAREHOLDERS / PARTNERS COMPANIES
|
NAME |
HELM AG |
|
Function |
Partner |
|
Address |
Nordkanalstrasse 28, 20097
Hamburg |
|
Locality |
Alemanha |
ACTIVITIES
|
Line of Business |
Percentage |
|
Comércio
de produtos químicos para a industria de raçơes, alimentaçăo humana e
farmacêutica humana (Trade
in chemicals for the feed industry, food and pharmaceutical human) |
100% |
|
Type of Clients |
Private Companies |
|
|
|
Sales Conditions |
Cash/credit |
|
|
|
Imports from |
ALEMANHA,ESPANHA,FRANÇA,SUIÇA |
|
|
|
Exports to |
BELGICA,CABO
VERDE,CHIPRE,ESPANHA,GRECIA,INDIA,TURQUIA |
|
|
|
Trade Marks |
|
Basf |
|
Fortitech |
|
Lactalis |
BANKS AND FINANCIAL INSTITUTIONS
|
BANCO SANTANDER TOTTA SA |
Sacavém - Centro de Empresas
Sul IV |
|
MILLENNIUM BCP |
Moscavide - Lisboa |
INCIDENTS
LEGAL ACTIONS
|
Date |
Process |
Author |
Type |
Amount |
Judicial District |
Court |
Situation |
|
19-12-2011 |
1892/11.3TYLSB |
Novartis Farma Produtos Farmaceuticos S A |
Ordinária |
30.000,01 |
Lisboa - Tribunal do Comércio |
|
|
|
18-01-2011 |
373265/10.9YIPRT |
Ntc S.R.L. |
Ordinária |
30.844,31 |
Loures - Tribunal de Família e Menores e de Comarca |
|
|
|
26-11-2008 |
1377/08.5TYLSB |
Eisai Co., Ltd |
Ordinária |
30.000,01 |
Lisboa |
4 |
|
|
26-11-2008 |
1377/08.5TYLSB |
Laboratorios Pfizer Ldª |
Ordinária |
30.000,01 |
Lisboa |
4 |
|
EMPLOYEES
Total 24
INSURANCE
Companhia
de Seguros Fidelidade Mundial
HEAD OFFICE AND INSTALLATIONS
Head
office and installations Estrada Nacional n.º 10 ao Km 140,26, Bobadela,
2695-066, BOBADELA LRS, Tel:219948300, Fax:219552475
SPECIAL INFORMATION
|
Event |
General Description |
|
Quality Certification |
A titular é uma empresa
certificada pela norma 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 |
1.296.520,73 |
1.307.007,00 |
1.408.932,32 |
(0,80) |
|
Total |
1.296.520,73 |
1.307.007,00 |
1.408.932,32 |
(0,80) |
|
|
|
|
|
|
|
Current assets |
|
|
||
|
Inventories |
1.206.085,67 |
1.208.047,35 |
1.039.255,71 |
(0,16) |
|
Costumers |
5.117.900,86 |
4.556.884,34 |
5.457.509,91 |
12,31 |
|
State and other public
entities |
142,91 |
317,15 |
1.256,25 |
(54,94) |
|
Other accounts receivable |
852.323,60 |
985.495,24 |
608.995,80 |
(13,51) |
|
Deferrals |
19.659,19 |
26.834,29 |
7.071,59 |
(26,74) |
|
Cashier and bank deposits |
441.652,33 |
730.529,43 |
209.568,61 |
(39,54) |
|
Total |
7.637.764,56 |
7.508.107,80 |
7.323.657,87 |
1,73 |
|
TOTAL ASSET |
8.934.285,29 |
8.815.114,80 |
8.732.590,19 |
1,35 |
|
|
|
|
|
|
|
SHAREHOLDERS FUNDS AND
LIABILITIES |
|
|
||
|
|
|
|
|
|
|
SHAREHOLDERS FUNDS |
|
|
||
|
Capital |
600.000,00 |
600.000,00 |
600.000,00 |
|
|
Legal reserves |
135.813,90 |
135.813,90 |
135.813,90 |
|
|
Net retained |
1.629.518,42 |
1.629.518,42 |
1.629.518,42 |
|
|
Total |
2.365.332,32 |
2.365.332,32 |
2.365.332,32 |
|
|
Net income for the period |
899.050,33 |
768.332,95 |
732.235,93 |
17,01 |
|
TOTAL OF SHAREHOLDERS FUNDS |
3.264.382,65 |
3.133.665,27 |
3.097.568,25 |
4,17 |
|
|
|
|
|
|
|
LIABILITY |
|
|
||
|
|
|
|
|
|
|
Non-current liiabilities |
|
|
||
|
Financing obtained |
23.741,71 |
61.252,06 |
143.125,72 |
(61,24) |
|
Total |
23.741,71 |
61.252,06 |
143.125,72 |
(61,24) |
|
|
|
|
|
|
|
Current liabilities |
|
|
||
|
Suppliers |
3.353.588,74 |
3.987.461,25 |
4.086.751,36 |
(15,90) |
|
State and other public
entities |
429.725,34 |
285.097,58 |
324.751,27 |
50,73 |
|
Financing obtained |
1.423.604,73 |
418.604,73 |
590.000,00 |
240,08 |
|
Other payable accounts |
439.242,12 |
924.001,09 |
409.393,59 |
(52,46) |
|
Deferrals |
|
5.032,82 |
81.000,00 |
|
|
Total |
5.646.160,93 |
5.620.197,47 |
5.491.896,22 |
0,46 |
|
TOTAL LIABILITIES |
5.669.902,64 |
5.681.449,53 |
5.635.021,94 |
(0,20) |
|
TOTAL SHAREHOLDERS FUNDS AND
LIABILITIES |
8.934.285,29 |
8.815.114,80 |
8.732.590,19 |
1,35 |
|
|
|
|
|
|
|
INCOME STATEMENT |
|
|
||
|
|
|
|
|
|
|
INCOME AND EXPENSES |
|
|
||
|
Sales and services |
22.531.159,71 |
22.505.814,61 |
22.701.820,21 |
0,11 |
|
Cost of goods sold and
materials consumed |
18.895.074,32 |
19.127.981,32 |
19.306.643,02 |
(1,22) |
|
Suppliers and external
services |
613.458,46 |
638.166,43 |
610.030,50 |
(3,87) |
|
Personnel costs |
1.419.398,54 |
1.393.718,74 |
1.327.167,38 |
1,84 |
|
Impairment of inventories
(losses/revearsals) |
|
|
(228,19) |
|
|
Impairment of receivables
(losses/revearsals) |
(7.713,24) |
(72.949,84) |
|
(89,43) |
|
Other income and gains |
68.194,23 |
203.863,69 |
95.702,10 |
(66,55) |
|
Other expenses and losses |
154.262,63 |
298.668,42 |
246.930,11 |
(48,35) |
|
Result before depreciation,
financing costs and taxes |
1.524.873,23 |
1.324.093,23 |
1.306.979,49 |
15,16 |
|
Expenses/reversals of
depreciation and amortization |
196.490,07 |
185.147,11 |
208.792,47 |
6,13 |
|
Operating result (before
financing costs and taxes) |
1.328.383,16 |
1.138.946,12 |
1.098.187,02 |
16,63 |
|
Interest and similar income
obtained |
|
110,02 |
10.149,93 |
|
|
interest and similar expenses
incurred |
76.800,39 |
67.444,90 |
86.723,84 |
13,87 |
|
Net before taxes |
1.251.582,77 |
1.071.611,24 |
1.021.613,11 |
16,79 |
|
Income tax of the period |
352.532,44 |
303.278,29 |
289.377,18 |
16,24 |
|
Net profit for the period |
899.050,33 |
768.332,95 |
732.235,93 |
17,01 |
RATIOS SNC
|
Closing Date |
31-12-2011 |
31-12-2010 |
31-12-2009 |
|
|
TURNOVER RATIOS |
|
|||
|
Shareholder's Funds
Profitability |
0,275 |
0,245 |
0,236 |
|
|
Assets Profitability |
0,149 |
0,129 |
0,126 |
|
|
Sales Net Profitability |
0,04 |
0,034 |
0,032 |
|
|
|
|
|
|
|
|
EFFICIENCY RATIOS |
|
|
||
|
Medium Term Receivable |
82,909 |
73,903 |
87,746 |
|
|
Asset Rotation |
2,522 |
2,553 |
2,6 |
|
|
|
|
|
|
|
|
PRODUCTIVITY RATIOS |
|
|
||
|
Productivity |
2,562 |
2,424 |
2,558 |
|
|
|
|
|
|
|
|
SHORT TERM RATIOS |
|
|
||
|
General Liquidity |
1,353 |
1,336 |
1,334 |
|
|
Reduced Liquidity |
1,139 |
1,121 |
1,144 |
|
|
Immediate Liquidity |
0,078 |
0,13 |
0,038 |
|
|
|
|
|
|
|
|
MEDIUM LONG TERM RATIOS |
|
|
||
|
Financial Autonomy |
0,365 |
0,355 |
0,355 |
|
|
Solvability |
0,576 |
0,552 |
0,55 |
|
|
Borrowed Capital Structure |
0,996 |
0,989 |
0,975 |
|
|
General Debt |
0,443 |
0,153 |
0,237 |
|
|
Medium Long Term Debt |
0,007 |
0,02 |
0,046 |
|
|
Debt Structure |
0,996 |
0,989 |
0,975 |
|
|
Capital Structure |
137,496 |
51,16 |
21,642 |
|
|
|
|
|
|
|
|
Operational and Financial Risk |
|
|
||
|
Operational Leverage Level |
2,737 |
2,966 |
3,092 |
|
|
Financial Leverage Level |
1,061 |
1,063 |
1,075 |
|
|
Combined Leverage Level |
2,904 |
3,153 |
3,324 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.35 |
|
UK Pound |
1 |
Rs.92.11 |
|
Euro |
1 |
Rs.78.59 |
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.