|
Report Date : |
02.03..2013 |
IDENTIFICATION DETAILS
|
Name : |
LUSAMATEX-MAQUINAS TEXTEIS LDA |
|
|
|
|
Registered Office : |
Rua Ferreira De Castro Nº 169 4430-399-Vila Nova De Gaia Porto |
|
|
|
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Country : |
Portugal |
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|
|
|
Financials (as on) : |
31.12.2011 |
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|
|
|
Date of Incorporation : |
26.03.1987 |
|
|
|
|
Legal Form : |
Private Limited Company |
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|
|
|
Line of Business : |
Comerica of second
hand textile machinery |
|
|
|
|
No. of Employees : |
Not Available |
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 |
LUSAMATEX-MAQUINAS
TEXTEIS LDA |
|
V.A.T. Number /
NIF |
501845410 |
|
Address |
Rua Ferreira de
Castro nº 169 |
|
Locality |
Vila Nova De
Gaia |
|
Postal Code |
4430-399-VILA
NOVA DE GAIA |
|
Municipality |
VILA NOVA DE
GAIA |
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District |
PORTO |
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Telephone |
227837402 |
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Fax |
227837411 |
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E-Mail |
lusamatex@mail.telepac.pt |
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Web Site |
www.lusamatex.pt
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C.A.E.(Rev 3) |
46640- Wholesale
of machinery for the textile industry, sewing machines and knitting |
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|
|
All the amounts are express in Euros, otherwise you will be advised |
|
MANUEL CABRAL
FERNANDES |
Managing-Partner
|
|
ESMERALDA ALICE
LEITE FERREIRA CABRAL FERNANDES |
Managing-Partner
|
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Registed on the
Register Record Office of Vila Nova de Gaia with the Register Number
501845410 previous number 393 in 01-07-1987 |
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Constitution
celebrated in 26-03-1987 published on Diário da República number 127 of
03-06-1987 |
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To oblige the
company it is necessary 1 signatures |
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Changes to
Society |
|
In 04-05-2009
on Portal MJ of 07-05-2009 social change |
|
The Capital is
250.000,00 |
|
|
with the
following distribution |
|
MANUEL CABRAL
FERNANDES |
135.000,00 |
54% |
|
ESMERALDA ALICE
LEITE FERREIRA CABRAL FERNANDES |
115.000,00 |
46% |
|
|
|
|
Name |
MANUEL CABRAL
FERNANDES |
|
Funtion |
Managing-Partner
|
|
|
|
|
Name |
ESMERALDA ALICE
LEITE FERREIRA CABRAL FERNANDES |
|
Funtion |
Managing-Partner
|
|
Line of
Business |
Percentage |
|
Comerica of second hand textile machinery |
100% |
|
Type of Clients
|
Textile
Industry |
|
|
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Sales
Conditions |
Cash/credit |
|
|
|
Sales Area |
|
|
|
|
Country |
100% |
|
|
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BANCO ESPIRITO
SANTO, SA |
Vila Nova de
Gaia |
|
There are no of
incidents on our database |
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Head office and
installations Rua Ferreira De Castro Nr. 169, Oliveira Do Douro, 4430-399,
VILA NOVA DE GAIA, Tel:227837402, Fax:227837411 |
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Balance Sheet SNC |
||
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CoinEURO |
|
Date31-12-2011 |
|
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||
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Closing Date |
31-12-2011 |
31-12-2010 |
31-12-2009 |
Variação (%) |
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ASSET |
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|||
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Non-current
assets |
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|||
|
Tangible fixed
assets |
42.621,67 |
51.431,62 |
32.718,33 |
(17,13) |
|
Total |
42.621,67 |
51.431,62 |
32.718,33 |
(17,13) |
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|
|
|
|
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Current assets |
|
|
||
|
Inventories |
283.043,12 |
226.143,12 |
262.902,08 |
25,16 |
|
Costumers |
154.207,67 |
59.158,50 |
138.776,00 |
160,67 |
|
State and other
public entities |
18.208,95 |
45.406,22 |
23.669,43 |
(59,90) |
|
Other accounts
receivable |
24.158,90 |
12.349,66 |
14.444,34 |
95,62 |
|
Deferrals |
684,28 |
1.285,63 |
18.597,63 |
(46,77) |
|
Other financial
assets |
1.205,00 |
1.196,00 |
1.196,00 |
0,75 |
|
Cashier and
bank deposits |
11.161,26 |
100.794,04 |
65.668,27 |
(88,93) |
|
Total |
492.669,18 |
446.333,17 |
525.253,75 |
10,38 |
|
TOTAL ASSET |
535.290,85 |
497.764,79 |
557.972,08 |
7,54 |
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SHAREHOLDERS
FUNDS AND LIABILITIES |
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||
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SHAREHOLDERS
FUNDS |
|
|
||
|
Capital |
150.000,00 |
150.000,00 |
150.000,00 |
|
|
Legal reserves |
10.301,30 |
10.301,30 |
9.628,30 |
|
|
Other reserves |
6.849,88 |
6.849,88 |
6.849,88 |
|
|
Net retained |
86.043,33 |
82.008,24 |
69.223,27 |
4,92 |
|
Revaluation
surplus |
5.339,85 |
5.339,85 |
5.339,85 |
|
|
Total |
258.534,36 |
254.499,27 |
241.041,30 |
1,59 |
|
Net income for
the period |
4.994,17 |
4.035,09 |
13.457,97 |
23,77 |
|
TOTAL OF
SHAREHOLDERS FUNDS |
263.528,53 |
258.534,36 |
254.499,27 |
1,93 |
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LIABILITY |
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||
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Non-current
liiabilities |
|
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||
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Provisions |
5.909,14 |
5.909,14 |
5.909,14 |
|
|
Financing
obtained |
|
172.405,39 |
190.448,35 |
|
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Total |
5.909,14 |
178.314,53 |
196.357,49 |
(96,69) |
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|
|
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Current
liabilities |
|
|
||
|
Suppliers |
25.632,14 |
272,25 |
42.425,48 |
9.314,93 |
|
Advances from
costumers |
|
|
1.820,00 |
|
|
State and other
public entities |
10.926,18 |
8.198,43 |
8.274,37 |
33,27 |
|
Financing
obtained |
177.405,39 |
|
952,47 |
|
|
Other payable accounts
|
51.889,47 |
52.445,22 |
53.643,00 |
(1,06) |
|
Total |
265.853,18 |
60.915,90 |
107.115,32 |
336,43 |
|
TOTAL
LIABILITIES |
271.762,32 |
239.230,43 |
303.472,81 |
13,60 |
|
TOTAL
SHAREHOLDERS FUNDS AND LIABILITIES |
535.290,85 |
497.764,79 |
557.972,08 |
7,54 |
|
|
|
|
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INCOME
STATEMENT |
|
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||
|
|
|
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INCOME AND
EXPENSES |
|
|
||
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Sales and
services |
554.957,16 |
436.994,85 |
919.926,41 |
26,99 |
|
Cost of goods
sold and materials consumed |
297.981,04 |
203.689,15 |
608.210,78 |
46,29 |
|
Suppliers and
external services |
136.951,59 |
133.686,11 |
176.521,73 |
2,44 |
|
Personnel costs
|
100.735,07 |
90.977,30 |
103.141,23 |
10,73 |
|
Other income
and gains |
6.615,49 |
18.974,94 |
17.276,06 |
(65,14) |
|
Other expenses
and losses |
8.721,62 |
10.699,83 |
1.318,83 |
(18,49) |
|
Result before
depreciation, financing costs and taxes |
17.183,33 |
16.917,40 |
48.009,90 |
1,57 |
|
Expenses/reversals
of depreciation and amortization |
8.809,95 |
9.757,72 |
14.587,50 |
(9,71) |
|
Operating
result (before financing costs and taxes) |
8.373,38 |
7.159,68 |
33.422,40 |
16,95 |
|
interest and
similar expenses incurred |
|
149,72 |
13.946,04 |
|
|
Net before
taxes |
8.373,38 |
7.009,96 |
19.476,36 |
19,45 |
|
Income tax of
the period |
3.379,21 |
2.974,87 |
6.018,39 |
13,59 |
|
Net profit for
the period |
4.994,17 |
4.035,09 |
13.457,97 |
23,77 |
|
Closing Date |
31-12-2011 |
31-12-2010 |
31-12-2009 |
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TURNOVER RATIOS
|
|
|||
|
Shareholder's
Funds Profitability |
0,019 |
0,016 |
0,053 |
|
|
Assets
Profitability |
0,016 |
0,014 |
0,06 |
|
|
Sales Net
Profitability |
0,009 |
0,009 |
0,015 |
|
|
|
|
|
|
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EFFICIENCY
RATIOS |
|
|
||
|
Medium Term
Receivable |
101,424 |
49,412 |
55,062 |
|
|
Asset Rotation |
1,037 |
0,878 |
1,649 |
|
|
|
|
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PRODUCTIVITY
RATIOS |
|
|
||
|
Productivity |
2,551 |
2,564 |
3,022 |
|
|
|
|
|
|
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SHORT TERM
RATIOS |
|
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||
|
General
Liquidity |
1,853 |
7,327 |
4,904 |
|
|
Reduced
Liquidity |
0,789 |
3,615 |
2,449 |
|
|
Immediate
Liquidity |
0,042 |
1,655 |
0,613 |
|
|
|
|
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MEDIUM LONG
TERM RATIOS |
|
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||
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Financial
Autonomy |
0,492 |
0,519 |
0,456 |
|
|
Solvability |
0,97 |
1,081 |
0,839 |
|
|
Borrowed
Capital Structure |
0,978 |
0,255 |
0,353 |
|
|
General Debt |
0,673 |
0,667 |
0,752 |
|
|
Medium Long
Term Debt |
|
0,667 |
0,748 |
|
|
Debt Structure |
0,978 |
0,255 |
0,353 |
|
|
Capital
Structure |
44,597 |
1,45 |
1,296 |
|
|
|
|
|
|
|
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Operational and
Financial Risk |
|
|
||
|
Operational
Leverage Level |
30,69 |
32,586 |
9,327 |
|
|
Financial
Leverage Level |
1 |
1,021 |
1,716 |
|
|
Combined Leverage
Level |
30,69 |
33,27 |
16,005 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.48 |
|
|
1 |
Rs.82.72 |
|
Euro |
1 |
Rs.71.27 |
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.