|
Report Date : |
07.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
TRIFITROFA-COMERCIO DE FIOS E TECIDOS LDA |
|
|
|
|
Registered Office : |
Rua Teófilo Braga Nº. 115 Bougado (Sao Martinho) 4785-203-Trofa Porto |
|
|
|
|
Country : |
Portugal |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
05.04.1984 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Trade of
cotton yarn and its derivatives |
|
|
|
|
No. of Employees : |
9 |
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 : |
Good |
|
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 |
TRIFITROFA-COMERCIO
DE FIOS E TECIDOS LDA |
|
V.A.T. Number /
NIF |
501508120 |
|
Address |
Rua Teófilo
Braga nº. 115 |
|
Locality |
Bougado (Sao Martinho) |
|
Postal Code |
4785-203-TROFA |
|
Municipality |
TROFA |
|
District |
PORTO |
|
Telephone |
252416821 |
|
Fax |
252414433 |
|
E-Mail |
trifitrofa@clix.pt |
|
Web Site |
www.trifitrofa.com |
|
|
|
|
C.A.E.(Rev 3) |
46410-
Wholesale trade of textiles |
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
All the amounts are express in Euros, otherwise you will be advised |
|
GABRIEL REIS DA
SILVA |
Managing-Partner
|
|
JAIME GOMES DE
AZEVEDO |
Managing-Partner
|
|
Registed on the
Register Record Office of Trofa with the Register Number 501508120 previous
number 1358 in 17-01-1985 |
|
Constitution
celebrated in 05-04-1984 published on Diário da República number 99 of 28-04-1984 |
|
To oblige the
company it is necessary 1 signatures |
|
Changes to
Society |
|
In 05-07-2012
on Portal MJ of 09-07-2012 head office change |
|
In 05-08-2009
on Portal MJ of 07-08-2009 head office change |
|
In 30-11-2004 on
Diário da República number 41 of 28-02-2005 increase of capital |
|
The Capital is
100.000,00 |
|
|
with the
following distribution |
|
CANDIDA MARIA
CUNHA DA SILVA RODRIGUES |
|
|
|
GABRIEL REIS DA
SILVA |
|
|
|
ANA PAULA CUNHA
DA SILVA MATOS |
|
|
|
JAIME GOMES DE
AZEVEDO |
50.000,00 |
50% |
|
|
|
|
Name |
CANDIDA MARIA
CUNHA DA SILVA RODRIGUES |
|
Funtion |
Partner |
|
Address |
Rua Latino
Coelho nº. 19 |
|
Locality |
Bougado
(S.Martinho) |
|
Civil State |
Married |
|
Consort |
Vitor Manuel
Marques Rodrigues |
|
|
|
|
Name |
GABRIEL REIS DA
SILVA |
|
Funtion |
Managing-Partner
|
|
Address |
Rua Latino
Coelho, nº 19, Valdeirigo |
|
Locality |
Trofa |
|
Civil State |
Widow |
|
Professional
Connections |
The subject has
connections with the following company (ies) |
|
|
MESCLAFIO-FIOS
TEXTEIS LDA as Manager . |
|
|
|
|
Name |
ANA PAULA CUNHA
DA SILVA MATOS |
|
Funtion |
Partner |
|
Address |
Rua Trindade
Coelho nº. 309 |
|
Locality |
S. Martinho De Bougado |
|
Civil State |
Married |
|
Consort |
Manuel Azevedo
de matos |
|
|
|
|
Name |
JAIME GOMES DE
AZEVEDO |
|
Funtion |
Managing-Partner
|
|
Address |
Rua Alfredo
Guedes Machado, nº 36 |
|
Locality |
Trofa(Santo
Tirso) |
|
Birth Date |
19-04-1944 |
|
Naturality |
Santo Tirso |
|
Civil State |
Married |
|
Consort |
Cândida
Rodrigues da Costa |
|
Previous
Connections |
Foi sócio
gerente da firma José Luís Pacheco Lda, até à data da sua dissolução. |
|
Professional
Connections |
The subject has
connections with the following company (ies) |
|
|
EGO-FABRICA E
COMERCIO DE ARTIGOS SANITARIOS LDA as Managing-Partner with a participation
of 33.219,94 , in a capital of 49.879,79 . |
|
|
MESCLAFIO-FIOS
TEXTEIS LDA as Managing-Partner with a participation of 59.855,74 , in a
capital of 199.519,16 . |
|
|
CONCEPTIMAPA-IMOBILIARIA
SA as Shareholder and Unique Administrator with a participation of 30.000,00
, in a capital of 50.000,00 . |
|
Line of Business |
Percentage |
|
Trade of cotton yarn and its derivatives |
100% |
|
Type of Clients
|
Industries/Private
Companies |
|
|
|
Sales
Conditions |
Cash/credit |
|
|
|
Sales Area |
|
|
|
|
Country |
100% |
|
|
|
CAIXA GERAL DE
DEPOSITOS, SA |
Santo Tirso |
|
BANCO ESPIRITO
SANTO, SA |
Centro de
Empresas de Famalicão |
|
BANIF - BANCO
INTERNACIONAL DO FUNCHAL, SA |
Centro de
Empresas de Famalicão |
|
There are no of
incidents on our database |
|
Total |
9 |
|
Império Bonança
Companhia de Seguros SA |
|
Companhia
Seguros Allianz Portugal SA |
|
Had head office
Rua Alfredo Costa Peniche s/n, Sao Martinho Do Bougado, 4785-280, TROFA |
|
Head office Rua
Teófilo Braga nº. 115 , Bougado (Sao Martinho), 4785-203, TROFA,
Tel:252416821, Fax:252414433 |
|
Had head office
Valdeirigo, Sao Martinho Do Bougado, 4750, TROFA |
|
The subject
participates on the following company(ies) |
|
|
|
|
|
NAME |
MESCLAFIO-FIOS
TEXTEIS LDA |
|
Address |
Rua de Dona
Goncinha |
|
Locality |
Abelheira |
|
Telephone |
252403900 |
|
Fax |
252403909 |
|
E-Mail |
sepormalha@sapo.pt |
|
C.A.E. |
13910-
Manufacture of knitted fabrics |
|
Capital |
199.519,16 |
|
Participation |
70% |
|
Event |
General
Description |
|
|
Existe uma quota
em comum no valor de 50.000€ a favor dos sócios Gabriel Reis da Silva, Ana
Paula Cunha da Silva Matos e Cândida Maria Cunha da Silva Rodrigues. |
Balance Sheet SNC
|
CoinEURO |
|
Date31-12-2011 |
|
|
||
|
Closing Date |
31-12-2011 |
31-12-2010 |
31-12-2009 |
Variação (%) |
|
|
|
|||
|
ASSET |
|
|||
|
|
|
|
|
|
|
Non-current
assets |
|
|||
|
Tangible fixed
assets |
2.848.625,06 |
2.073.403,82 |
1.999.012,65 |
37,39 |
|
Financial participations
- other methods |
|
22.500,00 |
5.000,00 |
|
|
Other financial
assets |
22.500,00 |
|
|
|
|
Total |
2.871.125,06 |
2.095.903,82 |
2.004.012,65 |
36,99 |
|
|
|
|
|
|
|
Current assets |
|
|
||
|
Inventories |
1.430.125,50 |
3.095.985,95 |
2.125.409,25 |
(53,81) |
|
Costumers |
8.375.217,83 |
10.059.443,44 |
7.439.538,31 |
(16,74) |
|
Advances to
suppliers |
141.228,82 |
54.642,71 |
|
158,46 |
|
State and other
public entities |
245.363,50 |
465.430,01 |
271.512,74 |
(47,28) |
|
Other accounts
receivable |
398.887,25 |
288.885,32 |
132.359,02 |
38,08 |
|
Deferrals |
36.613,82 |
23.112,94 |
16.930,27 |
58,41 |
|
Cashier and
bank deposits |
2.703.270,88 |
1.069.329,98 |
1.746.540,32 |
152,80 |
|
Total |
13.330.707,60 |
15.056.830,35 |
11.732.289,91 |
(11,46) |
|
TOTAL ASSET |
16.201.832,66 |
17.152.734,17 |
13.736.302,56 |
(5,54) |
|
|
|
|
|
|
|
SHAREHOLDERS
FUNDS AND LIABILITIES |
|
|
||
|
|
|
|
|
|
|
SHAREHOLDERS
FUNDS |
|
|
||
|
Capital |
100.000,00 |
100.000,00 |
100.000,00 |
|
|
Legal reserves |
61.000,00 |
61.000,00 |
61.000,00 |
|
|
Other reserves |
3.366.410,63 |
2.659.997,06 |
1.984.874,88 |
26,56 |
|
Total |
3.527.410,63 |
2.820.997,06 |
2.145.874,88 |
25,04 |
|
Net income for
the period |
902.054,94 |
706.413,57 |
675.122,18 |
27,70 |
|
TOTAL OF
SHAREHOLDERS FUNDS |
4.429.465,57 |
3.527.410,63 |
2.820.997,06 |
25,57 |
|
|
|
|
|
|
|
LIABILITY |
|
|
||
|
|
|
|
|
|
|
Non-current
liiabilities |
|
|
||
|
Financing
obtained |
1.368.857,21 |
2.176.332,00 |
2.031.424,00 |
(37,10) |
|
Total |
1.368.857,21 |
2.176.332,00 |
2.031.424,00 |
(37,10) |
|
|
|
|
|
|
|
Current
liabilities |
|
|
||
|
Suppliers |
3.637.337,62 |
4.610.164,67 |
3.638.330,55 |
(21,10) |
|
Advances from costumers
|
4.417,20 |
|
|
|
|
State and other
public entities |
457.548,12 |
316.028,13 |
309.589,95 |
44,78 |
|
Financing
obtained |
5.869.170,98 |
6.155.567,33 |
4.746.860,00 |
(4,65) |
|
Other payable
accounts |
435.035,96 |
367.231,41 |
189.101,00 |
18,46 |
|
Total |
10.403.509,88 |
11.448.991,54 |
8.883.881,50 |
(9,13) |
|
TOTAL
LIABILITIES |
11.772.367,09 |
13.625.323,54 |
10.915.305,50 |
(13,60) |
|
TOTAL
SHAREHOLDERS FUNDS AND LIABILITIES |
16.201.832,66 |
17.152.734,17 |
13.736.302,56 |
(5,54) |
|
|
|
|
|
|
|
INCOME
STATEMENT |
|
|
||
|
|
|
|
|
|
|
INCOME AND
EXPENSES |
|
|
||
|
Sales and
services |
21.446.321,22 |
21.568.913,59 |
14.292.315,66 |
(0,57) |
|
Cost of goods
sold and materials consumed |
13.667.905,70 |
14.018.651,24 |
8.733.372,79 |
(2,50) |
|
Suppliers and
external services |
4.695.668,10 |
5.141.238,28 |
3.456.570,17 |
(8,67) |
|
Personnel costs
|
544.991,82 |
350.808,24 |
407.903,15 |
55,35 |
|
Impairment of
receivables (losses/revearsals) |
220.966,43 |
374.376,78 |
435.498,71 |
(40,98) |
|
Other income
and gains |
311.124,64 |
162.686,12 |
328.206,17 |
91,24 |
|
Other expenses
and losses |
585.030,49 |
413.542,91 |
183.736,75 |
41,47 |
|
Result before
depreciation, financing costs and taxes |
2.042.883,32 |
1.432.982,26 |
1.403.440,26 |
42,56 |
|
Expenses/reversals
of depreciation and amortization |
213.319,49 |
198.631,96 |
179.843,34 |
7,39 |
|
Operating
result (before financing costs and taxes) |
1.829.563,83 |
1.234.350,30 |
1.223.596,92 |
48,22 |
|
Interest and
similar income obtained |
7.923,38 |
|
|
|
|
interest and
similar expenses incurred |
540.306,40 |
227.102,15 |
273.031,27 |
137,91 |
|
Net before
taxes |
1.297.180,81 |
1.007.248,15 |
950.565,65 |
28,78 |
|
Income tax of
the period |
395.125,87 |
300.834,58 |
275.443,47 |
31,34 |
|
Net profit for
the period |
902.054,94 |
706.413,57 |
675.122,18 |
27,70 |
|
Closing Date |
31-12-2011 |
31-12-2010 |
31-12-2009 |
|
|
TURNOVER RATIOS
|
|
|||
|
Shareholder's
Funds Profitability |
0,204 |
0,2 |
0,239 |
|
|
Assets
Profitability |
0,113 |
0,072 |
0,089 |
|
|
Sales Net
Profitability |
0,042 |
0,033 |
0,047 |
|
|
|
|
|
|
|
|
EFFICIENCY
RATIOS |
|
|
||
|
Medium Term
Receivable |
142,54 |
170,231 |
189,992 |
|
|
Asset Rotation |
1,324 |
1,257 |
1,04 |
|
|
|
|
|
|
|
|
PRODUCTIVITY
RATIOS |
|
|
||
|
Productivity |
14,273 |
21,522 |
13,628 |
|
|
|
|
|
|
|
|
SHORT TERM
RATIOS |
|
|
||
|
General
Liquidity |
1,281 |
1,315 |
1,321 |
|
|
Reduced
Liquidity |
1,144 |
1,045 |
1,081 |
|
|
Immediate
Liquidity |
0,26 |
0,093 |
0,197 |
|
|
|
|
|
|
|
|
MEDIUM LONG
TERM RATIOS |
|
|
||
|
Financial
Autonomy |
0,273 |
0,206 |
0,205 |
|
|
Solvability |
0,376 |
0,259 |
0,258 |
|
|
Borrowed
Capital Structure |
0,884 |
0,84 |
0,814 |
|
|
General Debt |
1,634 |
2,362 |
2,403 |
|
|
Medium Long
Term Debt |
0,309 |
0,617 |
0,72 |
|
|
Debt Structure |
0,884 |
0,84 |
0,814 |
|
|
Capital Structure
|
3,236 |
1,621 |
1,389 |
|
|
|
|
|
|
|
|
Operational and
Financial Risk |
|
|
||
|
Operational
Leverage Level |
4,252 |
6,117 |
4,543 |
|
|
Financial
Leverage Level |
1,41 |
1,225 |
1,287 |
|
|
Combined
Leverage Level |
5,995 |
7,493 |
5,847 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.71 |
|
|
1 |
Rs.82.79 |
|
Euro |
1 |
Rs.71.43 |
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.