|
Report Date : |
30.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
IBERSAFETY-COMERCIO DE ARTIGOS DE PROTECCAO LABORAL LDA |
|
|
|
|
Registered Office : |
Centro Empresarial de Ferreiró, Rua Manuel Assunção Falcão, n. 14- armazém, 30 Avioso (Santa Maria) 4475-636-Maia Porto |
|
|
|
|
Country : |
Portugal |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
26.08.2005 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Activity of import, export and trade of labor protection |
|
|
|
|
No. of Employees : |
3 |
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 – 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
|
Name |
IBERSAFETY-COMERCIO DE ARTIGOS DE
PROTECCAO LABORAL LDA |
|
V.A.T. Number / NIF |
507408624 |
|
Address |
Centro Empresarial de Ferreiró, Rua Manuel
Assunção Falcão, n. 14- armazém, 30 |
|
Locality |
Avioso (Santa Maria) |
|
Postal Code |
4475-636-MAIA |
|
Municipality |
MAIA |
|
District |
PORTO |
|
Telephone |
229865340 |
|
Fax |
229865349 |
|
E-Mail |
mail@ibersafety.com |
|
Web Site |
www.ibersafety.com |
|
|
|
|
C.A.E.(Rev 3) |
46900- Non-specialized wholesale trade |
|
|
All the amounts
are express in Euros, otherwise you will be advised
|
MANUEL ARMANDO BARBARO COELHO |
Managing-Partner |
|
Registed on the Register Record Office of
Maia with the Register Number 507408624 in 03-09-2010 |
|
Constitution celebrated in 26-08-2005
published on Diário da República number 238 of 14-12-2005 |
|
To oblige the company it is necessary 1
signatures |
|
Changes to Society |
|
In 28-06-2011 on Portal MJ of 29-06-2011
social change |
|
|
In 07-05-2011 on Portal MJ of 25-05-2011
manager change |
|
|
In 03-09-2010 on Portal MJ of 06-09-2010
increase of capital Clique
para ver detalhes
|
|
|
In 03-08-2010 on Portal MJ of 04-08-2010
social change |
|
|
In 10-12-2009 on Portal MJ of 11-12-2009
manager change |
|
The Capital is 250.000,00 |
|
|
with the following distribution |
|
MANUEL ARMANDO BARBARO COELHO |
125.000,00 |
50% |
|
ELSA MARIA BARBARO CELHO |
62.500,00 |
25% |
|
JOSE ARMANDO BARBOSA COELHO |
62.500,00 |
25% |
|
|
|
|
Name |
MANUEL ARMANDO BARBARO COELHO |
|
Funtion |
Managing-Partner |
|
Address |
Rua General Carmona, 255, r/c dt. |
|
Locality |
Nogueira |
|
Civil State |
Married |
|
Consort |
Isabel Maria Fernandes Moreira Coelho |
|
|
|
|
Name |
ELSA MARIA BARBARO CELHO |
|
Funtion |
Partner |
|
Address |
Rua Eng. Frederico Ulrich, 1752, 1º H |
|
Locality |
Gemunde |
|
Civil State |
Married |
|
Consort |
António Henrique da Silva Teixeir |
|
|
|
|
Name |
JOSE ARMANDO BARBOSA COELHO |
|
Funtion |
Partner |
|
Address |
Ruua Teixeira de Pascoais, n. 5º, r/c esq.
|
|
Locality |
Rio Tinto |
|
Civil State |
Unmarried |
|
Line of Business |
Percentage |
|
Activity of import, export and trade of labor protection |
100% |
|
Type of Clients |
Private Companies |
|
|
|
Sales Conditions |
Cash/credit |
|
|
|
Sales Area |
|
|
|
|
Country |
100% |
|
|
|
Trade Marks |
|
Ibersafety |
|
Mac3 |
|
Hercules boots |
|
Dunlop |
|
Airsafe |
|
Reposa |
|
Boxer Line |
|
Plum |
|
Polyco |
|
Legal Actions |
|
Date |
Process |
Author |
Type |
Amount |
Judicial District |
Court |
Situation |
|
12-01-2009 |
421441/08.4YIPRT |
Lemaitre
Sécurité |
Especial Cump.Obrig. Pecuniarias DL 269/98 |
24.027,92 |
Santo Tirso |
1 |
|
|
Total |
3 |
|
Apartado 2147 4471-908 Castêlo da Maia |
|
Head office Centro Empresarial de
Ferreiró, Rua Manuel Assunção Falcão, n. 14- armazém, 30 , Avioso (Santa
Maria), 4475-636, MAIA, Tel:229865340, Fax:229865349 |
|
Had head office Zona Industrial do Soeiro,
Armazém 25 , Sao Mamede De Coronado, 4745, SAO MAMEDE CORONADO |
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 |
461.897,71 |
492.527,09 |
523.730,27 |
(6,22) |
|
Intangible assets |
890,00 |
490,00 |
|
81,63 |
|
Total |
462.787,71 |
493.017,09 |
523.730,27 |
(6,13) |
|
|
|
|
|
|
|
Current assets |
|
|
||
|
Inventories |
179.495,19 |
177.825,53 |
90.250,30 |
0,94 |
|
Costumers |
114.815,99 |
184.037,18 |
122.476,15 |
(37,61) |
|
State and other public entities |
5.736,24 |
3.133,22 |
12.582,62 |
83,08 |
|
Other accounts receivable |
|
|
62.576,37 |
|
|
Other financial assets |
500,00 |
500,00 |
500,00 |
|
|
Cashier and bank deposits |
51.490,48 |
83.944,33 |
47.279,64 |
(38,66) |
|
Total |
352.037,90 |
449.440,26 |
335.665,08 |
(21,67) |
|
TOTAL ASSET |
814.825,61 |
942.457,35 |
859.395,35 |
(13,54) |
|
|
|
|
|
|
|
SHAREHOLDERS FUNDS AND LIABILITIES |
|
|
||
|
|
|
|
|
|
|
SHAREHOLDERS FUNDS |
|
|
||
|
Capital |
250.000,00 |
250.000,00 |
50.000,00 |
|
|
Legal reserves |
1.926,34 |
1.926,34 |
1.926,34 |
|
|
Net retained |
(13.515,71) |
(26.243,14) |
(35.379,59) |
(48,50) |
|
Total |
238.410,63 |
225.683,20 |
16.546,75 |
5,64 |
|
Net income for the period |
15.388,91 |
12.727,43 |
9.136,45 |
20,91 |
|
TOTAL OF SHAREHOLDERS FUNDS |
253.799,54 |
238.410,63 |
25.683,20 |
6,45 |
|
|
|
|
|
|
|
LIABILITY |
|
|
||
|
|
|
|
|
|
|
Non-current liiabilities |
|
|
||
|
Financing obtained |
28.119,90 |
75.254,82 |
95.911,45 |
(62,63) |
|
Other payable accounts |
|
|
487.772,92 |
|
|
Total |
28.119,90 |
75.254,82 |
583.684,37 |
(62,63) |
|
|
|
|
|
|
|
Current liabilities |
|
|
||
|
Suppliers |
87.060,77 |
107.260,83 |
133.171,68 |
(18,83) |
|
State and other public entities |
47.214,57 |
58.517,58 |
56.630,47 |
(19,32) |
|
Financing obtained |
|
30.024,26 |
60.225,63 |
|
|
Other payable accounts |
398.630,83 |
432.989,23 |
|
(7,94) |
|
Total |
532.906,17 |
628.791,90 |
250.027,78 |
(15,25) |
|
TOTAL LIABILITIES |
561.026,07 |
704.046,72 |
833.712,15 |
(20,31) |
|
TOTAL SHAREHOLDERS FUNDS AND LIABILITIES |
814.825,61 |
942.457,35 |
859.395,35 |
(13,54) |
|
|
|
|
|
|
|
INCOME STATEMENT |
|
|
||
|
|
|
|
|
|
|
INCOME AND EXPENSES |
|
|
||
|
Sales and services |
1.276.569,45 |
1.475.201,49 |
1.439.866,34 |
(13,46) |
|
Cost of goods sold and materials consumed |
903.756,18 |
1.112.047,71 |
1.055.995,48 |
(18,73) |
|
Suppliers and external services |
103.364,87 |
100.735,16 |
128.888,93 |
2,61 |
|
Personnel costs |
176.345,62 |
184.183,51 |
178.184,71 |
(4,26) |
|
Other income and gains |
8.163,74 |
9.236,83 |
17.716,44 |
(11,62) |
|
Other expenses and losses |
41.912,77 |
28.008,61 |
36.829,08 |
49,64 |
|
Result before depreciation, financing
costs and taxes |
59.353,75 |
59.463,33 |
57.684,58 |
(0,18) |
|
Expenses/reversals of depreciation and
amortization |
31.805,44 |
33.891,78 |
41.919,54 |
(6,16) |
|
Operating result (before financing costs
and taxes) |
27.548,31 |
25.571,55 |
15.765,04 |
7,73 |
|
interest and similar expenses incurred |
5.034,58 |
7.252,06 |
|
(30,58) |
|
Net before taxes |
22.513,73 |
18.319,49 |
15.765,04 |
22,89 |
|
Income tax of the period |
7.124,82 |
5.592,06 |
6.628,59 |
27,41 |
|
Net profit for the period |
15.388,91 |
12.727,43 |
9.136,45 |
20,91 |
|
Closing Date |
31-12-2011 |
31-12-2010 |
31-12-2009 |
|
|
|
|
|||
|
TURNOVER RATIOS |
|
|||
|
Shareholder's Funds Profitability |
0,061 |
0,053 |
0,356 |
|
|
Assets Profitability |
0,034 |
0,027 |
0,018 |
|
|
Sales Net Profitability |
0,012 |
0,009 |
0,006 |
|
|
|
|
|
|
|
|
EFFICIENCY RATIOS |
|
|
||
|
Medium Term Receivable |
32,828 |
45,535 |
31,047 |
|
|
Asset Rotation |
1,567 |
1,565 |
1,675 |
|
|
|
|
|
|
|
|
PRODUCTIVITY RATIOS |
|
|
||
|
Productivity |
2,114 |
1,972 |
2,154 |
|
|
|
|
|
|
|
|
SHORT TERM RATIOS |
|
|
||
|
General Liquidity |
0,661 |
0,715 |
1,343 |
|
|
Reduced Liquidity |
0,324 |
0,432 |
0,982 |
|
|
Immediate Liquidity |
0,097 |
0,134 |
0,189 |
|
|
|
|
|
|
|
|
MEDIUM LONG TERM RATIOS |
|
|
||
|
Financial Autonomy |
0,311 |
0,253 |
0,03 |
|
|
Solvability |
0,452 |
0,339 |
0,031 |
|
|
Borrowed Capital Structure |
0,95 |
0,893 |
0,3 |
|
|
General Debt |
0,111 |
0,442 |
6,079 |
|
|
Medium Long Term Debt |
0,111 |
0,316 |
3,734 |
|
|
Debt Structure |
0,95 |
0,893 |
0,3 |
|
|
Capital Structure |
9,026 |
3,168 |
0,044 |
|
|
|
|
|
|
|
|
Operational and Financial Risk |
|
|
||
|
Operational Leverage Level |
13,533 |
14,201 |
24,35 |
|
|
Financial Leverage Level |
1,224 |
1,396 |
1 |
|
|
Combined Leverage Level |
16,564 |
19,825 |
24,35 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.24 |
|
|
1 |
Rs.84.54 |
|
Euro |
1 |
Rs.72.32 |
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.