MIRA INFORM REPORT
|
Report Date : |
28.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
SILVAFER-COMERCIO E TRANSFORMACAO DE FERRO LDA |
|
|
|
|
Registered Office : |
Lugar da Maganha - Aptd. 206 |
|
|
|
|
Country : |
Portugal |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
15.11.2004 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Wholesale of metals and metal ores |
|
|
|
|
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 : |
Usually correct |
|
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 |
SILVAFER-COMERCIO E TRANSFORMACAO DE FERRO
LDA |
|
IIC Number |
964967 |
|
V.A.T. Number / NIF |
507158156 |
|
Address |
Lugar da Maganha - Aptd. 206 |
|
Locality |
Santiago Bougado |
|
Postal Code |
4786-909-SANTIAGO BOUGADO |
|
Municipality |
SANTO TIRSO |
|
District |
PORTO |
|
Telephone |
252414226 |
|
Fax |
252413162 |
|
E-Mail |
|
|
Web Site |
|
|
|
|
|
C.A.E.(Rev 3) |
46720- Wholesale of metals and metal ores |
|
|
Credit Risk
Level |
|
|
Credit
Recommendation |
|
|
Actual Condition
|
|
|
Payments |
|
|
Incidents |
Summary
|
Legal Form |
Private Limited Company |
|
Constitution |
15-11-2004 |
|
V.A.T. Number / NIF |
507158156 |
|
Capital |
1.000.000,00 |
|
Sales in : 31-12-2011 |
32.156.816,66 |
|
Shareholders Funds in: 31-12-2011 |
1.790.324,40 |
|
Credit Risk Level |
Acceptable Credit Risk |
|
Payments |
Good |
|
Credit Recommendation |
Close Following |
|
Actual Condition |
In activity |
Financial highlights
|
|
31-12-2009 |
|
31-12-2010 |
|
31-12-2011 |
|
Net Sales |
26.802.644,58 |
|
25.516.943,02 |
|
32.156.816,66 |
|
Net Income For the Year |
(1.435.076,90) |
|
12.736,67 |
|
(240.103,01) |
|
Shareholders Funds |
1.694.682,20 |
|
2.043.529,12 |
|
1.790.324,40 |
|
Stocks |
8.084.737,70 |
|
5.433.184,37 |
|
6.044.356,97 |
|
LIABILITY |
27.792.262,84 |
|
21.335.598,27 |
|
27.240.576,29 |
|
ASSETS |
29.486.945,04 |
|
23.379.127,39 |
|
29.030.900,69 |
Business concept
Consulted sources say that the subject has been
respecting its payments and commercial commitments, so credit connections with
this company are recommended.
Management bodies
|
SERGIO JOSE DA CRUZ E SILVA |
Manager |
|
JOAQUIM DOS SANTOS SILVA |
Managing-Partner |
|
ADELINO DOS SANTOS SILVA |
Managing-Partner |
|
JOSE DOS REIS SILVA |
Manager |
|
RUI FILIPE DE CASTRO FERREIRA ALVES |
Manager |
Legal structure
|
Registed on the Register Record Office of Trofa
with the Register Number 507158156 previous number 6014 in 15-11-2004 |
|
Constitution celebrated in 15-11-2004
published on Diário da República number 36 of 21-02-2005 |
|
To oblige the company it is necessary 2
signature |
Changes to society
|
Changes to Society |
|
In 21-04-2011 on Portal MJ of 26-04-2011
social change |
|
In 15-01-2008 on Portal MJ of 17-01-2008
increase of capital |
Capital
|
The Capital is 1.000.000,00 |
|
|
with the following distribution |
|
METALCON INVESTIMENTOS SGPS SA |
980.000,00 |
98% |
|
JOAQUIM DOS SANTOS SILVA |
10.000,00 |
1% |
|
ADELINO DOS SANTOS SILVA |
10.000,00 |
1% |
Biographies
|
Name |
Dr. SERGIO JOSE DA CRUZ E SILVA |
|
Funtion |
Manager |
|
Address |
Rua 16 de Maio, 2163 |
|
Locality |
Santiago Do Bougado |
|
Birth Date |
05-06-1976 |
|
Naturality |
Santiago do Bougado |
|
Civil State |
Married |
|
Consort |
Ana Maria da Silva Maia Mesquita Silva |
|
Professional Connections |
The subject has connections with the following
company (ies) |
|
|
ROPE-GESTAO DE IMOVEIS SA as Administrator
. |
|
|
GALVAZA-CONSTRUCOES METALICAS E
GALVANIZACAO LDA as Manager . |
|
|
ZINCONORTE-METALOMECANICA E GALVANIZACAO
SA as Board of Director's Vice-President . |
|
|
IRMAOS SILVAS SA as Administrator . |
|
|
SMAR-INVESTIMENTOS SGPS SA as Board of
Director's President . |
|
|
ADELPART INVESTIMENTOS SGPS SA as
Administrator . |
|
|
METALCON INVESTIMENTOS SGPS SA as
Administrator . |
|
|
BRASMAR III-COMERCIO DE PRODUTOS
ALIMENTARES SA as Board of Director's President . |
|
|
STEELPRO-ENGENHARIA INDUSTRIAL LDA as
Managing-Partner with a participation of 2.500,00 , in a capital of 5.000,00
. |
|
|
SILVAPLUS-INVESTIMENTOS SGPS SA as
Administrator . |
|
|
CACHIDE & ROLDAO-COMERCIO DE BACALHAU
SA as Board of Director's Vice-President . |
|
|
|
|
Name |
JOAQUIM DOS SANTOS SILVA |
|
Funtion |
Managing-Partner |
|
Address |
Rua da Indústria, Trofa Velha |
|
Locality |
Trofa |
|
Birth Date |
29-07-1943 |
|
Naturality |
Canidelo - Vila do Conde |
|
Civil State |
Married |
|
Consort |
Albina da Costa Reis |
|
Previous Connections |
Exerceu a sua actividade como empresário
em nome individual, e foi sócio gerente da Brasmar-Comércio Importação e Exportação
de Marisco Lda, e gerente das firmas G.E.-Gigawatt Energia e Gestão
Indústrial Lda e G.E.Gigawatt II Lda |
|
Professional Connections |
The subject has connections with the
following company (ies) |
|
|
GALVAZA-CONSTRUCOES METALICAS E GALVANIZACAO
LDA as Manager . |
|
|
REALCASTELO-EMPREENDIMENTOS IMOBILIARIOS
SA as Administrator . |
|
|
ZINCONORTE-METALOMECANICA E GALVANIZACAO
SA as Chair of General Meeting Vice-President . |
|
|
METALCON INVESTIMENTOS SGPS SA as Board of
Director's Vice-President . |
|
|
JOAQUIM SILVA-SOCIEDADE DE GESTAO DE
IMOVEIS SA as Board of Director's President . |
|
|
LSM-LOJAS DE CONGELADOS LDA as Partner
with a participation of 500,00 , in a capital of 50.000,00 . |
|
|
SMAR-INVESTIMENTOS SGPS SA as
Administrator . |
|
|
IRMAOS SILVAS SA as Shareholder and Board
of Director's Pres. with a participation of 240.000,00 , in a capital of
5.000.000,00 . |
|
|
SILVAPLUS-INVESTIMENTOS SGPS SA as Board of
Director's Vice-President . |
|
|
|
|
Name |
ADELINO DOS SANTOS SILVA |
|
Funtion |
Managing-Partner |
|
Address |
Rua 16 de Maio, nº 2163, Santiago do
Bougado |
|
Locality |
Santiago Bougado |
|
Birth Date |
13-03-1946 |
|
Naturality |
Canidelo - Vila do Conde |
|
Civil State |
Married |
|
Consort |
Maria Emília de Castro Azevedo Cruz e
Silva |
|
Previous Connections |
Exerceu a sua actividade como empresário
em nome individual, foi socio gerente da firma:Brasmar-Comercio,Importação e
Exportação de Marisco Lda até à data da sua dissolução. Foi gerente das
empresas Softmaker SA e G.E.Gigawatt II Lda |
|
Professional Connections |
The subject has connections with the
following company (ies) |
|
|
S.N.M.-SOCIEDADE NACIONAL DE MANUTENCAO LDA
as Manager . |
|
|
GALVAZA-CONSTRUCOES METALICAS E
GALVANIZACAO LDA as Managing-Partner with a participation of 69.000,00 , in a
capital of 1.500.000,00 . |
|
|
ROPE-GESTAO DE IMOVEIS SA as Administrator
. |
|
|
METALCON INVESTIMENTOS SGPS SA as Board of
Director's President . |
|
|
ZINCONORTE-METALOMECANICA E GALVANIZACAO
SA as Chair of General Meeting President . |
|
|
LSM-LOJAS DE CONGELADOS LDA as Partner
with a participation of 500,00 , in a capital of 50.000,00 . |
|
|
IRMAOS SILVAS SA as Administrator . |
|
|
SMAR-INVESTIMENTOS SGPS SA as
Administrator . |
|
|
REALCASTELO-EMPREENDIMENTOS IMOBILIARIOS
SA as Board of Director's President . |
|
|
SILVAPLUS-INVESTIMENTOS SGPS SA as Board of
Director's President . |
|
|
ENERGFOZ-INSTALACOES ESPECIAIS SA as
Administrator . |
|
Observations |
Foi gerente da firma Senso-Soluções de
Energia Solar Lda |
|
|
|
|
Name |
JOSE DOS REIS SILVA |
|
Funtion |
Manager |
|
Address |
Rua D. Manuel I, 55 |
|
Locality |
Mindelo |
|
Birth Date |
29-09-1968 |
|
Naturality |
Santiago do Bougado |
|
Civil State |
Married |
|
Consort |
Ermelinda dos Santos Mendes |
|
Previous Connections |
Exerceu a sua actividade como empresário
em nome individual. |
|
Professional Connections |
The subject has connections with the
following company (ies) |
|
|
GALVAZA-CONSTRUCOES METALICAS E
GALVANIZACAO LDA as Manager . |
|
|
ZINCONORTE-METALOMECANICA E GALVANIZACAO
SA as Administrator . |
|
|
IRMAOS SILVAS SA as Administrator . |
|
|
METALCON INVESTIMENTOS SGPS SA as
Administrator . |
|
|
SILVAPLUS-INVESTIMENTOS SGPS SA as
Administrator . |
|
|
JOAQUIM SILVA-SOCIEDADE DE GESTAO DE
IMOVEIS SA as Administrator . |
|
|
BRASMAR III-COMERCIO DE PRODUTOS
ALIMENTARES SA as Administrator . |
|
|
LSM-LOJAS DE CONGELADOS LDA as Manager . |
|
|
|
|
Name |
RUI FILIPE DE CASTRO FERREIRA ALVES |
|
Funtion |
Manager |
|
Address |
Lugar de Trofa Velha |
|
Locality |
Sao Tiago Do Bougado |
|
Naturality |
São Martinho do Bougado |
|
Civil State |
Married |
|
Professional Connections |
The subject has connections with the
following company (ies) |
|
|
SMAR-INVESTIMENTOS SGPS SA as
Administrator . |
|
|
IRMAOS SILVAS SA as Administrator . |
|
|
GALVAZA-CONSTRUCOES METALICAS E
GALVANIZACAO LDA as Manager . |
|
|
STEELPRO-ENGENHARIA INDUSTRIAL LDA as
Manager . |
Shareholders / Partners
Companies
|
IIC Number |
515912 |
|
NAME |
METALCON INVESTIMENTOS SGPS SA |
|
Funtion |
Partner |
|
Address |
Lugar de Maganha |
|
Locality |
Trofa |
|
Telephone |
252400520 |
|
Fax |
252400521 |
|
C.A.E. |
64202-Actividades das sociedades gestoras
de participações sociais não financeiras |
Activities
|
Line of Business |
Percentage |
|
Compra, venda e
transformação de materiais siderúrgicos (ferro e metais). |
100% |
|
Type of Clients |
Private Companies |
|
Sales Conditions |
Cash/credit |
|
Sales Area |
|
|
Country |
100% |
Banks and Financial Institutions
|
BANCO ESPIRITO SANTO, SA |
Vila Nova de Famalicão |
|
BPN - BANCO PORTUGUES DE NEGOCIOS, SA |
Trofa |
Incidents
|
There are no of incidents on our database |
Insurance
|
REAL Companhia de Seguros SA |
Head Office and Installations
|
Installations Zona Industrial Vista Alegre
- Lote 3 - Arruamento E, Albergaria-A-Velha, 3850-184, ALBERGARIA A VELHA ,
Tel:234520260, Fax:234520269 |
|
Head office and factory Lugar da Maganha -
Aptd. 206, Santiago Do Bougado, 4786-909, TROFA, Tel:252414226, Fax:252413162 |
Financial Demonstration SNC
|
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 |
2.537.207,43 |
2.392.682,86 |
2.508.765,32 |
6,04 |
|
Intangible assets |
24.000,00 |
25.500,00 |
34.597,57 |
(5,88) |
|
Financial participations - other methods |
1.230.000,00 |
1.230.000,00 |
1.230.000,00 |
|
|
Deferred tax assets |
382.075,16 |
331.607,80 |
|
15,22 |
|
Total |
4.173.282,59 |
3.979.790,66 |
3.773.362,89 |
4,86 |
|
|
|
|
|
|
|
Current assets |
|
|
||
|
Inventories |
6.044.356,97 |
5.433.184,37 |
8.084.737,70 |
11,25 |
|
Costumers |
17.780.123,23 |
13.667.190,77 |
16.413.182,58 |
30,09 |
|
Advances to suppliers |
156.277,97 |
125.029,31 |
794.182,16 |
24,99 |
|
State and other public entities |
24.744,99 |
|
|
|
|
Shareholders/partners |
|
30.000,00 |
30.000,00 |
|
|
Other accounts receivable |
1.164,41 |
15.842,46 |
3.943,66 |
(92,65) |
|
Deferrals |
10.224,06 |
7.866,88 |
9.765,03 |
29,96 |
|
Other financial assets |
9.000,00 |
|
|
|
|
Cashier and bank deposits |
831.726,47 |
120.222,94 |
377.771,02 |
591,82 |
|
Total |
24.857.618,10 |
19.399.336,73 |
25.713.582,15 |
28,14 |
|
TOTAL ASSET |
29.030.900,69 |
23.379.127,39 |
29.486.945,04 |
24,17 |
|
|
|
|
|
|
|
SHAREHOLDERS FUNDS AND LIABILITIES |
|
|
||
|
|
|
|
|
|
|
SHAREHOLDERS FUNDS |
|
|
||
|
Capital |
1.000.000,00 |
1.000.000,00 |
1.000.000,00 |
|
|
Legal reserves |
139.838,42 |
139.201,59 |
139.201,59 |
0,46 |
|
Other reserves |
1.972.238,86 |
1.972.238,86 |
1.972.238,86 |
|
|
Net retained |
(1.081.649,87) |
(1.080.648,00) |
18.318,65 |
0,09 |
|
Total |
2.030.427,41 |
2.030.792,45 |
3.129.759,10 |
(0,02) |
|
Net income for the period |
(240.103,01) |
12.736,67 |
(1.435.076,90) |
(1.985,13) |
|
TOTAL OF SHAREHOLDERS FUNDS |
1.790.324,40 |
2.043.529,12 |
1.694.682,20 |
(12,39) |
|
|
|
|
|
|
|
LIABILITY |
|
|
||
|
|
|
|
|
|
|
Non-current liiabilities |
|
|
||
|
Financing obtained |
2.004.994,35 |
503.299,54 |
499.074,14 |
298,37 |
|
Total |
2.004.994,35 |
503.299,54 |
499.074,14 |
298,37 |
|
|
|
|
|
|
|
Current liabilities |
|
|
||
|
Suppliers |
6.806.992,57 |
4.894.501,47 |
5.947.256,00 |
39,07 |
|
Advances from costumers |
1.645,16 |
1.429,91 |
574.553,18 |
15,05 |
|
State and other public entities |
192.653,69 |
716.469,56 |
336.423,14 |
(73,11) |
|
Financing obtained |
17.255.854,13 |
14.258.894,99 |
19.530.362,65 |
21,02 |
|
Other payable accounts |
978.436,39 |
961.002,80 |
904.593,73 |
1,81 |
|
Total |
25.235.581,94 |
20.832.298,73 |
27.293.188,70 |
21,14 |
|
TOTAL LIABILITIES |
27.240.576,29 |
21.335.598,27 |
27.792.262,84 |
27,68 |
|
TOTAL SHAREHOLDERS FUNDS AND LIABILITIES |
29.030.900,69 |
23.379.127,39 |
29.486.945,04 |
24,17 |
|
|
|
|
|
|
|
INCOME STATEMENT |
|
|
||
|
|
|
|
|
|
|
INCOME AND EXPENSES |
|
|
||
|
Sales and services |
32.156.816,66 |
25.516.943,02 |
26.802.644,58 |
26,02 |
|
Variation in production inventories |
3.709,19 |
|
|
|
|
Cost of goods sold and materials consumed |
29.796.497,84 |
23.684.555,83 |
26.074.928,82 |
25,81 |
|
Suppliers and external services |
755.230,91 |
606.157,64 |
571.162,28 |
24,59 |
|
Personnel costs |
401.439,51 |
421.005,73 |
457.343,47 |
(4,65) |
|
Impairment of receivables
(losses/revearsals) |
190.059,31 |
19.169,51 |
16.699,31 |
891,47 |
|
Other income and gains |
485.057,22 |
383.769,77 |
267.048,18 |
26,39 |
|
Other expenses and losses |
171.738,27 |
206.255,69 |
197.214,60 |
(16,74) |
|
Result before depreciation, financing
costs and taxes |
1.330.617,23 |
963.568,39 |
(247.655,72) |
38,09 |
|
Expenses/reversals of depreciation and
amortization |
354.382,95 |
287.920,77 |
263.810,26 |
23,08 |
|
Operating result (before financing costs
and taxes) |
976.234,28 |
675.647,62 |
(511.465,98) |
44,49 |
|
interest and similar expenses incurred |
1.252.733,68 |
651.387,83 |
916.859,19 |
92,32 |
|
Net before taxes |
(276.499,40) |
24.259,79 |
(1.428.325,17) |
(1.239,74) |
|
Income tax of the period |
(36.396,39) |
11.523,12 |
6.751,73 |
(415,86) |
|
Net profit for the period |
(240.103,01) |
12.736,67 |
(1.435.076,90) |
(1.985,13) |
RATIOS SNC
|
Closing Date |
31-12-2011 |
31-12-2010 |
31-12-2009 |
|
|
TURNOVER RATIOS |
|
|||
|
Shareholder's Funds Profitability |
(0,134) |
0,006 |
(0,847) |
|
|
Assets Profitability |
0,034 |
0,029 |
(0,017) |
|
|
Sales Net Profitability |
(0,007) |
|
(0,054) |
|
|
|
|
|
|
|
|
EFFICIENCY RATIOS |
|
|
||
|
Medium Term Receivable |
201,815 |
195,498 |
223,515 |
|
|
Asset Rotation |
1,108 |
1,091 |
0,909 |
|
|
|
|
|
|
|
|
PRODUCTIVITY RATIOS |
|
|
||
|
Productivity |
5,88 |
4,352 |
1,591 |
|
|
|
|
|
|
|
|
SHORT TERM RATIOS |
|
|
||
|
General Liquidity |
0,985 |
0,931 |
0,942 |
|
|
Reduced Liquidity |
0,746 |
0,67 |
0,646 |
|
|
Immediate Liquidity |
0,033 |
0,006 |
0,014 |
|
|
|
|
|
|
|
|
MEDIUM LONG TERM RATIOS |
|
|
||
|
Financial Autonomy |
0,062 |
0,087 |
0,057 |
|
|
Solvability |
0,066 |
0,096 |
0,061 |
|
|
Borrowed Capital Structure |
0,926 |
0,976 |
0,982 |
|
|
General Debt |
10,758 |
7,224 |
11,819 |
|
|
Medium Long Term Debt |
1,12 |
0,246 |
0,294 |
|
|
Debt Structure |
0,926 |
0,976 |
0,982 |
|
|
Capital Structure |
0,893 |
4,06 |
3,396 |
|
|
|
|
|
|
|
|
Operational and Financial Risk |
|
|
||
|
Operational Leverage Level |
2,418 |
2,712 |
(1,423) |
|
|
Financial Leverage Level |
(3,531) |
27,851 |
0,358 |
|
|
Combined Leverage Level |
(8,538) |
75,532 |
(0,509) |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.27 |
|
|
1 |
Rs.82.49 |
|
Euro |
1 |
Rs.69.88 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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%) Maket trend (10%) Operational
size (10%)
MIRA INFORM REPORT
|
Report Date : |
28.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
SILVAFER-COMERCIO E TRANSFORMACAO DE FERRO LDA |
|
|
|
|
Registered Office : |
Lugar da Maganha - Aptd. 206 |
|
|
|
|
Country : |
Portugal |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
15.11.2004 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Wholesale of metals and metal ores |
|
|
|
|
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 : |
Usually correct |
|
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 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 |
SILVAFER-COMERCIO E TRANSFORMACAO DE FERRO
LDA |
|
IIC Number |
964967 |
|
V.A.T. Number / NIF |
507158156 |
|
Address |
Lugar da Maganha - Aptd. 206 |
|
Locality |
Santiago Bougado |
|
Postal Code |
4786-909-SANTIAGO BOUGADO |
|
Municipality |
SANTO TIRSO |
|
District |
PORTO |
|
Telephone |
252414226 |
|
Fax |
252413162 |
|
E-Mail |
|
|
Web Site |
|
|
|
|
|
C.A.E.(Rev 3) |
46720- Wholesale of metals and metal ores |
|
|
Credit Risk
Level |
|
|
Credit
Recommendation |
|
|
Actual Condition
|
|
|
Payments |
|
|
Incidents |
Summary
|
Legal Form |
Private Limited Company |
|
Constitution |
15-11-2004 |
|
V.A.T. Number / NIF |
507158156 |
|
Capital |
1.000.000,00 |
|
Sales in : 31-12-2011 |
32.156.816,66 |
|
Shareholders Funds in: 31-12-2011 |
1.790.324,40 |
|
Credit Risk Level |
Acceptable Credit Risk |
|
Payments |
Good |
|
Credit Recommendation |
Close Following |
|
Actual Condition |
In activity |
Financial highlights
|
|
31-12-2009 |
|
31-12-2010 |
|
31-12-2011 |
|
Net Sales |
26.802.644,58 |
|
25.516.943,02 |
|
32.156.816,66 |
|
Net Income For the Year |
(1.435.076,90) |
|
12.736,67 |
|
(240.103,01) |
|
Shareholders Funds |
1.694.682,20 |
|
2.043.529,12 |
|
1.790.324,40 |
|
Stocks |
8.084.737,70 |
|
5.433.184,37 |
|
6.044.356,97 |
|
LIABILITY |
27.792.262,84 |
|
21.335.598,27 |
|
27.240.576,29 |
|
ASSETS |
29.486.945,04 |
|
23.379.127,39 |
|
29.030.900,69 |
Business concept
Consulted sources say that the subject has been
respecting its payments and commercial commitments, so credit connections with
this company are recommended.
Management bodies
|
SERGIO JOSE DA CRUZ E SILVA |
Manager |
|
JOAQUIM DOS SANTOS SILVA |
Managing-Partner |
|
ADELINO DOS SANTOS SILVA |
Managing-Partner |
|
JOSE DOS REIS SILVA |
Manager |
|
RUI FILIPE DE CASTRO FERREIRA ALVES |
Manager |
Legal structure
|
Registed on the Register Record Office of
Trofa with the Register Number 507158156 previous number 6014 in 15-11-2004 |
|
Constitution celebrated in 15-11-2004
published on Diário da República number 36 of 21-02-2005 |
|
To oblige the company it is necessary 2
signature |
Changes to society
|
Changes to Society |
|
In 21-04-2011 on Portal MJ of 26-04-2011
social change |
|
In 15-01-2008 on Portal MJ of 17-01-2008
increase of capital |
Capital
|
The Capital is 1.000.000,00 |
|
|
with the following distribution |
|
METALCON INVESTIMENTOS SGPS SA |
980.000,00 |
98% |
|
JOAQUIM DOS SANTOS SILVA |
10.000,00 |
1% |
|
ADELINO DOS SANTOS SILVA |
10.000,00 |
1% |
Biographies
|
Name |
Dr. SERGIO JOSE DA CRUZ E SILVA |
|
Funtion |
Manager |
|
Address |
Rua 16 de Maio, 2163 |
|
Locality |
Santiago Do Bougado |
|
Birth Date |
05-06-1976 |
|
Naturality |
Santiago do Bougado |
|
Civil State |
Married |
|
Consort |
Ana Maria da Silva Maia Mesquita Silva |
|
Professional Connections |
The subject has connections with the
following company (ies) |
|
|
ROPE-GESTAO DE IMOVEIS SA as Administrator
. |
|
|
GALVAZA-CONSTRUCOES METALICAS E
GALVANIZACAO LDA as Manager . |
|
|
ZINCONORTE-METALOMECANICA E GALVANIZACAO SA
as Board of Director's Vice-President . |
|
|
IRMAOS SILVAS SA as Administrator . |
|
|
SMAR-INVESTIMENTOS SGPS SA as Board of
Director's President . |
|
|
ADELPART INVESTIMENTOS SGPS SA as
Administrator . |
|
|
METALCON INVESTIMENTOS SGPS SA as Administrator
. |
|
|
BRASMAR III-COMERCIO DE PRODUTOS
ALIMENTARES SA as Board of Director's President . |
|
|
STEELPRO-ENGENHARIA INDUSTRIAL LDA as
Managing-Partner with a participation of 2.500,00 , in a capital of 5.000,00
. |
|
|
SILVAPLUS-INVESTIMENTOS SGPS SA as
Administrator . |
|
|
CACHIDE & ROLDAO-COMERCIO DE BACALHAU
SA as Board of Director's Vice-President . |
|
|
|
|
Name |
JOAQUIM DOS SANTOS SILVA |
|
Funtion |
Managing-Partner |
|
Address |
Rua da Indústria, Trofa Velha |
|
Locality |
Trofa |
|
Birth Date |
29-07-1943 |
|
Naturality |
Canidelo - Vila do Conde |
|
Civil State |
Married |
|
Consort |
Albina da Costa Reis |
|
Previous Connections |
Exerceu a sua actividade como empresário em
nome individual, e foi sócio gerente da Brasmar-Comércio Importação e
Exportação de Marisco Lda, e gerente das firmas G.E.-Gigawatt Energia e
Gestão Indústrial Lda e G.E.Gigawatt II Lda |
|
Professional Connections |
The subject has connections with the
following company (ies) |
|
|
GALVAZA-CONSTRUCOES METALICAS E
GALVANIZACAO LDA as Manager . |
|
|
REALCASTELO-EMPREENDIMENTOS IMOBILIARIOS
SA as Administrator . |
|
|
ZINCONORTE-METALOMECANICA E GALVANIZACAO SA
as Chair of General Meeting Vice-President . |
|
|
METALCON INVESTIMENTOS SGPS SA as Board of
Director's Vice-President . |
|
|
JOAQUIM SILVA-SOCIEDADE DE GESTAO DE
IMOVEIS SA as Board of Director's President . |
|
|
LSM-LOJAS DE CONGELADOS LDA as Partner
with a participation of 500,00 , in a capital of 50.000,00 . |
|
|
SMAR-INVESTIMENTOS SGPS SA as
Administrator . |
|
|
IRMAOS SILVAS SA as Shareholder and Board
of Director's Pres. with a participation of 240.000,00 , in a capital of
5.000.000,00 . |
|
|
SILVAPLUS-INVESTIMENTOS SGPS SA as Board
of Director's Vice-President . |
|
|
|
|
Name |
ADELINO DOS SANTOS SILVA |
|
Funtion |
Managing-Partner |
|
Address |
Rua 16 de Maio, nº 2163, Santiago do
Bougado |
|
Locality |
Santiago Bougado |
|
Birth Date |
13-03-1946 |
|
Naturality |
Canidelo - Vila do Conde |
|
Civil State |
Married |
|
Consort |
Maria Emília de Castro Azevedo Cruz e
Silva |
|
Previous Connections |
Exerceu a sua actividade como empresário em
nome individual, foi socio gerente da firma:Brasmar-Comercio,Importação e
Exportação de Marisco Lda até à data da sua dissolução. Foi gerente das
empresas Softmaker SA e G.E.Gigawatt II Lda |
|
Professional Connections |
The subject has connections with the
following company (ies) |
|
|
S.N.M.-SOCIEDADE NACIONAL DE MANUTENCAO
LDA as Manager . |
|
|
GALVAZA-CONSTRUCOES METALICAS E
GALVANIZACAO LDA as Managing-Partner with a participation of 69.000,00 , in a
capital of 1.500.000,00 . |
|
|
ROPE-GESTAO DE IMOVEIS SA as Administrator
. |
|
|
METALCON INVESTIMENTOS SGPS SA as Board of
Director's President . |
|
|
ZINCONORTE-METALOMECANICA E GALVANIZACAO
SA as Chair of General Meeting President . |
|
|
LSM-LOJAS DE CONGELADOS LDA as Partner
with a participation of 500,00 , in a capital of 50.000,00 . |
|
|
IRMAOS SILVAS SA as Administrator . |
|
|
SMAR-INVESTIMENTOS SGPS SA as
Administrator . |
|
|
REALCASTELO-EMPREENDIMENTOS IMOBILIARIOS SA
as Board of Director's President . |
|
|
SILVAPLUS-INVESTIMENTOS SGPS SA as Board
of Director's President . |
|
|
ENERGFOZ-INSTALACOES ESPECIAIS SA as
Administrator . |
|
Observations |
Foi gerente da firma Senso-Soluções de
Energia Solar Lda |
|
|
|
|
Name |
JOSE DOS REIS SILVA |
|
Funtion |
Manager |
|
Address |
Rua D. Manuel I, 55 |
|
Locality |
Mindelo |
|
Birth Date |
29-09-1968 |
|
Naturality |
Santiago do Bougado |
|
Civil State |
Married |
|
Consort |
Ermelinda dos Santos Mendes |
|
Previous Connections |
Exerceu a sua actividade como empresário
em nome individual. |
|
Professional Connections |
The subject has connections with the
following company (ies) |
|
|
GALVAZA-CONSTRUCOES METALICAS E
GALVANIZACAO LDA as Manager . |
|
|
ZINCONORTE-METALOMECANICA E GALVANIZACAO
SA as Administrator . |
|
|
IRMAOS SILVAS SA as Administrator . |
|
|
METALCON INVESTIMENTOS SGPS SA as
Administrator . |
|
|
SILVAPLUS-INVESTIMENTOS SGPS SA as
Administrator . |
|
|
JOAQUIM SILVA-SOCIEDADE DE GESTAO DE
IMOVEIS SA as Administrator . |
|
|
BRASMAR III-COMERCIO DE PRODUTOS
ALIMENTARES SA as Administrator . |
|
|
LSM-LOJAS DE CONGELADOS LDA as Manager . |
|
|
|
|
Name |
RUI FILIPE DE CASTRO FERREIRA ALVES |
|
Funtion |
Manager |
|
Address |
Lugar de Trofa Velha |
|
Locality |
Sao Tiago Do Bougado |
|
Naturality |
São Martinho do Bougado |
|
Civil State |
Married |
|
Professional Connections |
The subject has connections with the
following company (ies) |
|
|
SMAR-INVESTIMENTOS SGPS SA as
Administrator . |
|
|
IRMAOS SILVAS SA as Administrator . |
|
|
GALVAZA-CONSTRUCOES METALICAS E
GALVANIZACAO LDA as Manager . |
|
|
STEELPRO-ENGENHARIA INDUSTRIAL LDA as
Manager . |
Shareholders / Partners
Companies
|
IIC Number |
515912 |
|
NAME |
METALCON INVESTIMENTOS SGPS SA |
|
Funtion |
Partner |
|
Address |
Lugar de Maganha |
|
Locality |
Trofa |
|
Telephone |
252400520 |
|
Fax |
252400521 |
|
C.A.E. |
64202-Actividades das sociedades gestoras de
participações sociais não financeiras |
Activities
|
Line of Business |
Percentage |
|
Compra, venda e
transformação de materiais siderúrgicos (ferro e metais). |
100% |
|
Type of Clients |
Private Companies |
|
Sales Conditions |
Cash/credit |
|
Sales Area |
|
|
Country |
100% |
Banks and Financial Institutions
|
BANCO ESPIRITO SANTO, SA |
Vila Nova de Famalicão |
|
BPN - BANCO PORTUGUES DE NEGOCIOS, SA |
Trofa |
Incidents
|
There are no of incidents on our database |
Insurance
|
REAL Companhia de Seguros SA |
Head Office and Installations
|
Installations Zona Industrial Vista Alegre
- Lote 3 - Arruamento E, Albergaria-A-Velha, 3850-184, ALBERGARIA A VELHA ,
Tel:234520260, Fax:234520269 |
|
Head office and factory Lugar da Maganha -
Aptd. 206, Santiago Do Bougado, 4786-909, TROFA, Tel:252414226, Fax:252413162 |
Financial Demonstration SNC
|
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 |
2.537.207,43 |
2.392.682,86 |
2.508.765,32 |
6,04 |
|
Intangible assets |
24.000,00 |
25.500,00 |
34.597,57 |
(5,88) |
|
Financial participations - other methods |
1.230.000,00 |
1.230.000,00 |
1.230.000,00 |
|
|
Deferred tax assets |
382.075,16 |
331.607,80 |
|
15,22 |
|
Total |
4.173.282,59 |
3.979.790,66 |
3.773.362,89 |
4,86 |
|
|
|
|
|
|
|
Current assets |
|
|
||
|
Inventories |
6.044.356,97 |
5.433.184,37 |
8.084.737,70 |
11,25 |
|
Costumers |
17.780.123,23 |
13.667.190,77 |
16.413.182,58 |
30,09 |
|
Advances to suppliers |
156.277,97 |
125.029,31 |
794.182,16 |
24,99 |
|
State and other public entities |
24.744,99 |
|
|
|
|
Shareholders/partners |
|
30.000,00 |
30.000,00 |
|
|
Other accounts receivable |
1.164,41 |
15.842,46 |
3.943,66 |
(92,65) |
|
Deferrals |
10.224,06 |
7.866,88 |
9.765,03 |
29,96 |
|
Other financial assets |
9.000,00 |
|
|
|
|
Cashier and bank deposits |
831.726,47 |
120.222,94 |
377.771,02 |
591,82 |
|
Total |
24.857.618,10 |
19.399.336,73 |
25.713.582,15 |
28,14 |
|
TOTAL ASSET |
29.030.900,69 |
23.379.127,39 |
29.486.945,04 |
24,17 |
|
|
|
|
|
|
|
SHAREHOLDERS FUNDS AND LIABILITIES |
|
|
||
|
|
|
|
|
|
|
SHAREHOLDERS FUNDS |
|
|
||
|
Capital |
1.000.000,00 |
1.000.000,00 |
1.000.000,00 |
|
|
Legal reserves |
139.838,42 |
139.201,59 |
139.201,59 |
0,46 |
|
Other reserves |
1.972.238,86 |
1.972.238,86 |
1.972.238,86 |
|
|
Net retained |
(1.081.649,87) |
(1.080.648,00) |
18.318,65 |
0,09 |
|
Total |
2.030.427,41 |
2.030.792,45 |
3.129.759,10 |
(0,02) |
|
Net income for the period |
(240.103,01) |
12.736,67 |
(1.435.076,90) |
(1.985,13) |
|
TOTAL OF SHAREHOLDERS FUNDS |
1.790.324,40 |
2.043.529,12 |
1.694.682,20 |
(12,39) |
|
|
|
|
|
|
|
LIABILITY |
|
|
||
|
|
|
|
|
|
|
Non-current liiabilities |
|
|
||
|
Financing obtained |
2.004.994,35 |
503.299,54 |
499.074,14 |
298,37 |
|
Total |
2.004.994,35 |
503.299,54 |
499.074,14 |
298,37 |
|
|
|
|
|
|
|
Current liabilities |
|
|
||
|
Suppliers |
6.806.992,57 |
4.894.501,47 |
5.947.256,00 |
39,07 |
|
Advances from costumers |
1.645,16 |
1.429,91 |
574.553,18 |
15,05 |
|
State and other public entities |
192.653,69 |
716.469,56 |
336.423,14 |
(73,11) |
|
Financing obtained |
17.255.854,13 |
14.258.894,99 |
19.530.362,65 |
21,02 |
|
Other payable accounts |
978.436,39 |
961.002,80 |
904.593,73 |
1,81 |
|
Total |
25.235.581,94 |
20.832.298,73 |
27.293.188,70 |
21,14 |
|
TOTAL LIABILITIES |
27.240.576,29 |
21.335.598,27 |
27.792.262,84 |
27,68 |
|
TOTAL SHAREHOLDERS FUNDS AND LIABILITIES |
29.030.900,69 |
23.379.127,39 |
29.486.945,04 |
24,17 |
|
|
|
|
|
|
|
INCOME STATEMENT |
|
|
||
|
|
|
|
|
|
|
INCOME AND EXPENSES |
|
|
||
|
Sales and services |
32.156.816,66 |
25.516.943,02 |
26.802.644,58 |
26,02 |
|
Variation in production inventories |
3.709,19 |
|
|
|
|
Cost of goods sold and materials consumed |
29.796.497,84 |
23.684.555,83 |
26.074.928,82 |
25,81 |
|
Suppliers and external services |
755.230,91 |
606.157,64 |
571.162,28 |
24,59 |
|
Personnel costs |
401.439,51 |
421.005,73 |
457.343,47 |
(4,65) |
|
Impairment of receivables
(losses/revearsals) |
190.059,31 |
19.169,51 |
16.699,31 |
891,47 |
|
Other income and gains |
485.057,22 |
383.769,77 |
267.048,18 |
26,39 |
|
Other expenses and losses |
171.738,27 |
206.255,69 |
197.214,60 |
(16,74) |
|
Result before depreciation, financing
costs and taxes |
1.330.617,23 |
963.568,39 |
(247.655,72) |
38,09 |
|
Expenses/reversals of depreciation and
amortization |
354.382,95 |
287.920,77 |
263.810,26 |
23,08 |
|
Operating result (before financing costs and
taxes) |
976.234,28 |
675.647,62 |
(511.465,98) |
44,49 |
|
interest and similar expenses incurred |
1.252.733,68 |
651.387,83 |
916.859,19 |
92,32 |
|
Net before taxes |
(276.499,40) |
24.259,79 |
(1.428.325,17) |
(1.239,74) |
|
Income tax of the period |
(36.396,39) |
11.523,12 |
6.751,73 |
(415,86) |
|
Net profit for the period |
(240.103,01) |
12.736,67 |
(1.435.076,90) |
(1.985,13) |
RATIOS SNC
|
Closing Date |
31-12-2011 |
31-12-2010 |
31-12-2009 |
|
|
TURNOVER RATIOS |
|
|||
|
Shareholder's Funds Profitability |
(0,134) |
0,006 |
(0,847) |
|
|
Assets Profitability |
0,034 |
0,029 |
(0,017) |
|
|
Sales Net Profitability |
(0,007) |
|
(0,054) |
|
|
|
|
|
|
|
|
EFFICIENCY RATIOS |
|
|
||
|
Medium Term Receivable |
201,815 |
195,498 |
223,515 |
|
|
Asset Rotation |
1,108 |
1,091 |
0,909 |
|
|
|
|
|
|
|
|
PRODUCTIVITY RATIOS |
|
|
||
|
Productivity |
5,88 |
4,352 |
1,591 |
|
|
|
|
|
|
|
|
SHORT TERM RATIOS |
|
|
||
|
General Liquidity |
0,985 |
0,931 |
0,942 |
|
|
Reduced Liquidity |
0,746 |
0,67 |
0,646 |
|
|
Immediate Liquidity |
0,033 |
0,006 |
0,014 |
|
|
|
|
|
|
|
|
MEDIUM LONG TERM RATIOS |
|
|
||
|
Financial Autonomy |
0,062 |
0,087 |
0,057 |
|
|
Solvability |
0,066 |
0,096 |
0,061 |
|
|
Borrowed Capital Structure |
0,926 |
0,976 |
0,982 |
|
|
General Debt |
10,758 |
7,224 |
11,819 |
|
|
Medium Long Term Debt |
1,12 |
0,246 |
0,294 |
|
|
Debt Structure |
0,926 |
0,976 |
0,982 |
|
|
Capital Structure |
0,893 |
4,06 |
3,396 |
|
|
|
|
|
|
|
|
Operational and Financial Risk |
|
|
||
|
Operational Leverage Level |
2,418 |
2,712 |
(1,423) |
|
|
Financial Leverage Level |
(3,531) |
27,851 |
0,358 |
|
|
Combined Leverage Level |
(8,538) |
75,532 |
(0,509) |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.27 |
|
|
1 |
Rs.82.49 |
|
Euro |
1 |
Rs.69.88 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.