|
Report Date : |
01.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
TRIFITROFA-COMERCIO DE FIOS E TECIDOS LDA |
|
|
|
|
Registered Office : |
Rua Teófilo Braga No. 115 Bougado (Sao Martinho) 4785-203-TROFA |
|
|
|
|
Country : |
Portugal |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
17.01.1985 |
|
|
|
|
Com. Reg. No.: |
501508120 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Wholesale trade of textiles. |
|
|
|
|
No. of Employees : |
09 |
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 – 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 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@trifitrofa.pt
Web Site www.trifitrofa.com
C.A.E.(Rev 3) 46410- Wholesale trade of textiles
Actual
Condition
In activity
Payments
Good
Incidents
There are no record of commercial incidents
|
Legal Form |
Private Limited Company |
|
Constitution |
05-04-1984 |
|
V.A.T. Number / NIF |
501508120 |
|
Employees |
9 |
|
Capital |
100.000,00 |
|
Sales in : 31-12-2012 |
20.247.648,54 |
|
Shareholders Funds in: 31-12-2012 |
4.826.343,78 |
|
Credit Risk Level |
Low Credit Risk |
|
Payments |
Good |
|
Credit Recommendation |
Credit Worthy |
|
|
31-12-2010 |
|
31-12-2011 |
|
31-12-2012 |
|
Net Sales |
21.568.913,59 |
21.446.321,22 |
20.247.648,54 |
||
|
Net Income For the Year |
706.413,57 |
902.054,94 |
396.878,21 |
||
|
Shareholders Funds |
3.527.410,63 |
4.429.465,57 |
4.826.343,78 |
||
|
Stocks |
3.095.985,95 |
1.430.125,50 |
2.684.185,15 |
||
|
LIABILITY |
13.625.323,54 |
11.772.367,09 |
14.474.113,10 |
||
|
ASSETS |
17.152.734,17 |
16.201.832,66 |
19.300.456,88 |
|
Consulted sources say that the subject has been respecting its payments and commercial commitments, so credit connections with this company are recommended. |
|
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 and installations 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% |
Special
Information
|
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 |
|
Date31-12-2012 |
|
|
||
|
Closing Date |
31-12-2012 |
31-12-2011 |
31-12-2010 |
Variação (%) |
|
|
|
|||
|
ASSET |
|
|||
|
|
|
|
|
|
|
Non-current assets |
|
|||
|
Tangible fixed assets |
3.417.312,89 |
2.848.625,06 |
2.073.403,82 |
19,96 |
|
Financial participations - other methods |
270.701,41 |
|
22.500,00 |
|
|
Shareholders/partners |
40.000,00 |
|
|
|
|
Other financial assets |
29.740,00 |
22.500,00 |
|
32,18 |
|
Total |
3.757.754,30 |
2.871.125,06 |
2.095.903,82 |
30,88 |
|
|
|
|
|
|
|
Current assets |
|
|
||
|
Inventories |
2.684.185,15 |
1.430.125,50 |
3.095.985,95 |
87,69 |
|
Costumers |
10.430.762,05 |
8.375.217,83 |
10.059.443,44 |
24,54 |
|
Advances to suppliers |
3.570,99 |
141.228,82 |
54.642,71 |
(97,47) |
|
State and other public entities |
353.532,83 |
245.363,50 |
465.430,01 |
44,09 |
|
Other accounts receivable |
652.395,23 |
398.887,25 |
288.885,32 |
63,55 |
|
Deferrals |
26.738,40 |
36.613,82 |
23.112,94 |
(26,97) |
|
Financial assets held for trading |
83.396,28 |
|
|
|
|
Cashier and bank deposits |
1.308.121,65 |
2.703.270,88 |
1.069.329,98 |
(51,61) |
|
Total |
15.542.702,58 |
13.330.707,60 |
15.056.830,35 |
16,59 |
|
TOTAL ASSET |
19.300.456,88 |
16.201.832,66 |
17.152.734,17 |
19,13 |
|
|
|
|
|
|
|
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 |
4.268.465,57 |
3.366.410,63 |
2.659.997,06 |
26,80 |
|
Total |
4.429.465,57 |
3.527.410,63 |
2.820.997,06 |
25,57 |
|
Net income for the period |
396.878,21 |
902.054,94 |
706.413,57 |
(56,00) |
|
TOTAL OF SHAREHOLDERS FUNDS |
4.826.343,78 |
4.429.465,57 |
3.527.410,63 |
8,96 |
|
|
|
|
|
|
|
LIABILITY |
|
|
||
|
|
|
|
|
|
|
Non-current liiabilities |
|
|
||
|
Financing obtained |
1.899.905,80 |
1.368.857,21 |
2.176.332,00 |
38,80 |
|
Total |
1.899.905,80 |
1.368.857,21 |
2.176.332,00 |
38,80 |
|
|
|
|
|
|
|
Current liabilities |
|
|
||
|
Suppliers |
5.762.467,50 |
3.637.337,62 |
4.610.164,67 |
58,43 |
|
Advances from costumers |
618,08 |
4.417,20 |
|
(86,01) |
|
State and other public entities |
391.203,30 |
457.548,12 |
316.028,13 |
(14,50) |
|
Financing obtained |
5.630.897,88 |
5.869.170,98 |
6.155.567,33 |
(4,06) |
|
Other payable accounts |
789.020,54 |
435.035,96 |
367.231,41 |
81,37 |
|
Total |
12.574.207,30 |
10.403.509,88 |
11.448.991,54 |
20,87 |
|
TOTAL LIABILITIES |
14.474.113,10 |
11.772.367,09 |
13.625.323,54 |
22,95 |
|
TOTAL SHAREHOLDERS FUNDS AND LIABILITIES |
19.300.456,88 |
16.201.832,66 |
17.152.734,17 |
19,13 |
|
|
|
|
|
|
|
INCOME STATEMENT |
|
|
||
|
|
|
|
|
|
|
INCOME AND EXPENSES |
|
|
||
|
Sales and services |
20.247.648,54 |
21.446.321,22 |
21.568.913,59 |
(5,59) |
|
Cost of goods sold and materials consumed |
13.182.070,85 |
13.667.905,70 |
14.018.651,24 |
(3,55) |
|
Suppliers and external services |
4.950.987,41 |
4.695.668,10 |
5.141.238,28 |
5,44 |
|
Personnel costs |
580.483,52 |
544.991,82 |
350.808,24 |
6,51 |
|
Impairment of receivables (losses/revearsals) |
(6.685,34) |
220.966,43 |
374.376,78 |
(103,03) |
|
Other income and gains |
468.595,73 |
311.124,64 |
162.686,12 |
50,61 |
|
Other expenses and losses |
385.489,12 |
585.030,49 |
413.542,91 |
(34,11) |
|
Result before depreciation, financing costs and taxes |
1.623.898,71 |
2.042.883,32 |
1.432.982,26 |
(20,51) |
|
Expenses/reversals of depreciation and amortization |
242.588,93 |
213.319,49 |
198.631,96 |
13,72 |
|
Operating result (before financing costs and taxes) |
1.381.309,78 |
1.829.563,83 |
1.234.350,30 |
(24,50) |
|
Interest and similar income obtained |
|
7.923,38 |
|
|
|
interest and similar expenses incurred |
768.316,24 |
540.306,40 |
227.102,15 |
42,20 |
|
Net before taxes |
612.993,54 |
1.297.180,81 |
1.007.248,15 |
(52,74) |
|
Income tax of the period |
216.115,33 |
395.125,87 |
300.834,58 |
(45,30) |
|
Net profit for the period |
396.878,21 |
902.054,94 |
706.413,57 |
(56,00) |
|
Closing Date |
31-12-2012 |
31-12-2011 |
31-12-2010 |
|
|
|
|
||
|
TURNOVER RATIOS |
|
||
|
Shareholder's Funds Profitability |
0,082 |
0,204 |
0,2 |
|
Assets Profitability |
0,072 |
0,113 |
0,072 |
|
Sales Net Profitability |
0,02 |
0,042 |
0,033 |
|
|
|
|
|
|
EFFICIENCY RATIOS |
|
||
|
Medium Term Receivable |
188,033 |
142,54 |
170,231 |
|
Asset Rotation |
1,049 |
1,324 |
1,257 |
|
|
|
|
|
|
PRODUCTIVITY RATIOS |
|
||
|
Productivity |
12,172 |
14,273 |
21,522 |
|
|
|
|
|
|
SHORT TERM RATIOS |
|
||
|
General Liquidity |
1,236 |
1,281 |
1,315 |
|
Reduced Liquidity |
1,023 |
1,144 |
1,045 |
|
Immediate Liquidity |
0,104 |
0,26 |
0,093 |
|
|
|
|
|
|
MEDIUM LONG TERM RATIOS |
|
||
|
Financial Autonomy |
0,25 |
0,273 |
0,206 |
|
Solvability |
0,333 |
0,376 |
0,259 |
|
Borrowed Capital Structure |
0,869 |
0,884 |
0,84 |
|
General Debt |
1,56 |
1,634 |
2,362 |
|
Medium Long Term Debt |
0,394 |
0,309 |
0,617 |
|
Debt Structure |
0,869 |
0,884 |
0,84 |
|
Capital Structure |
2,54 |
3,236 |
1,621 |
|
|
|
|
|
|
Operational and Financial Risk |
|
||
|
Operational Leverage Level |
5,115 |
4,252 |
6,117 |
|
Financial Leverage Level |
2,253 |
1,41 |
1,225 |
|
Combined Leverage Level |
11,524 |
5,995 |
7,493 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.78 |
|
|
1 |
Rs.101.42 |
|
Euro |
1 |
Rs.84.67 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.