MIRA
INFORM REPORT
|
Report Date : |
10.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
MARFRESCO-IMPORTACAO E EXPORTACAO DE
CONGELADOS E MARISCOS LDA |
|
|
|
|
Registered Office : |
Lugar Quintanilho, Marl, Pavilhão Do Pescado, Box 9/10, Sao Juliao Do
Tojal, 2660-421, Sao Juliao Do Tojal |
|
|
|
|
Country : |
Portugal |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
02.04.1991 |
|
|
|
|
Com. Reg. No.: |
502594403 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Wholesale trader of fish, crustaceans, molluscs and shellfish |
|
|
|
|
No. of Employees : |
14 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
124.699,50 Euros |
|
|
|
|
Status : |
Moderate |
|
|
|
|
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
Identification
|
Name |
MARFRESCO-IMPORTACAO
E EXPORTACAO DE CONGELADOS E MARISCOS LDA |
|
V.A.T. Number /
NIF |
502594403 |
|
Address |
Lugar
Quintanilho, MARL, Pavilhão do Pescado, Box 9/10 |
|
Locality |
Sao Juliao Do
Tojal |
|
Postal Code |
2660-421-SAO
JULIAO TOJAL |
|
Municipality |
LOURES |
|
District |
LISBOA |
|
Telephone |
213041890,
219927888, 966028218 |
|
Fax |
213041899 |
|
E-Mail |
|
|
|
|
|
C.A.E.(Rev 3) |
46381- Wholesale
trade of fish and shellfish |
Summary
|
Legal Form |
Private Limited Company |
|
Constitution |
02-04-1991 |
|
V.A.T. Number / NIF |
502594403 |
|
Employees |
14 |
|
Capital |
500.000,00 |
|
Sales in : 31-12-2012 |
13.359.983,38 |
|
Shareholders Funds in: 31-12-2012 |
1.268.611,39 |
|
Credit Limit |
124.699,50 |
|
Payments |
Good |
|
Credit Recommendation |
Close Following |
|
Actual condition
|
In activity |
Financial Highlights
|
|
31-12-2010 |
|
31-12-2011 |
|
31-12-2012 |
|
Net Sales |
13.133.257,48 |
|
14.697.053,68 |
|
13.359.983,38 |
|
Net Income For the Year |
124.670,34 |
|
29.838,85 |
|
2.613,92 |
|
Shareholders Funds |
1.250.396,62 |
|
1.280.235,47 |
|
1.268.611,39 |
|
Stocks |
2.088.779,47 |
|
1.806.432,08 |
|
2.233.294,66 |
|
LIABILITY |
7.549.529,44 |
|
7.112.402,54 |
|
7.578.388,62 |
|
ASSETS |
8.799.926,06 |
|
8.392.638,01 |
|
8.847.000,01 |
Business Concept
Consulted sources say that the subject has
been respecting its payments and commercial commitments, so credit connections
with this company are recommended
All the amounts are
express in Euros, otherwise you will be advised
Management Bodies
|
RUI AUGUSTO PINTO SOUSA |
Managing-Partner |
|
MARIA FERNANDA MENDES FERREIRA DE SOUSA |
Manager |
Legal Structure
|
Registered on the Register Record Office
of Loures with the Register Number 502594403 previous number 20560 in
08-11-2005 |
|
Constitution celebrated in 02-04-1991
published on Diário da República number 167 of 22-07-1992 |
|
To oblige the company it is necessary 1
signatures |
|
Changes to Society |
|
In 08-11-2005 head office change |
|
In 19-03-2003 on Diário da República
number 174 of 26-07-2004 increase of capital Clique para ver detalhes para 500.000 euros.
|
|
In 22-05-1995 on Diário da República
number 166 of 21-07-1998 increase of capital Clique para ver detalhes para 50.000.000$00 e cessão de quotas.
|
|
In 30-12-1993 on Diário da República
number 139 of 19-06-1998 stocks cession |
|
In 20-12-1993 on Diário da República
number 139 of 19-06-1998 denomination change Clique para ver detalhes de Marfresco-Comércio e Distribuição Congelados Lda para
Marfresco-Importação e Exportação de Congelados e Mariscos Lda. |
Capital
|
The Capital is 500.000,00 |
|
|
|
with the following distribution |
||
|
RUI AUGUSTO PINTO SOUSA |
425.000,00 |
85% |
|
SERGIO MIGUEL MARTINS SOUSA |
75.000,00 |
15% |
Biographies
|
|
|
|
Name |
RUI AUGUSTO PINTO SOUSA |
|
Function |
Managing-Partner |
|
Address |
Rua Jorge de Sena, Lote 3-2º-A-Jardins de
Santa Clara |
|
Locality |
Lisboa |
|
Birth Date |
23-07-1966 |
|
Nationality |
Lisboa |
|
Civil State |
Married |
|
Consort |
Maria Fernanda Mendes Ferreira de Sousa |
|
Professional Connections |
The subject has connections with the
following company (ies) |
|
|
PINTO & FERREIRA LDA as Managing-Partner
with a participation of 6.000,00 , in a capital of 10.000,00 . |
|
|
|
|
Name |
MARIA FERNANDA MENDES FERREIRA DE SOUSA |
|
Function |
Manager |
|
Address |
Rua Jorge Sena, Lote 3, 2º-A -Jardins de
Santa Clara |
|
Locality |
Lisboa |
|
Birth Date |
19-10-1970 |
|
Civil State |
Married |
|
Consort |
Rui Augusto Pinto Sousa |
|
Professional Connections |
The subject has connections with the
following company (ies) |
|
|
PINTO & FERREIRA LDA as Partner with a
participation of 4.000,00 , in a capital of 10.000,00 . |
|
|
|
|
Name |
SERGIO MIGUEL MARTINS SOUSA |
|
Function |
Partner |
|
Address |
Praceta Natália Correia, Lote 10-9º-A |
|
Locality |
Santo Antonio Da Charneca |
|
Birth Date |
08-04-1972 |
|
Civil State |
Unmarried |
Activities
|
Line of Business |
Percentage |
|
Comércio por grosso de peixe, crustáceos e
moluscos (Wholesale of fish, crustaceans and
molluscs) |
100% |
|
Type of Clients |
Retailers/Wholesalers |
|
|
|
Sales Conditions |
Cash/credit |
|
|
|
Imports from |
FRANÇA,INDIA,ESTADOS UNIDOS DA
AMERICA,SENEGAL |
|
|
|
Exports to |
FRANÇA |
|
|
Banks and Financial Institutions
|
BANCO ESPIRITO SANTO, SA |
Centro Empresas Expo-Lisboa |
|
CAIXA GERAL DE DEPOSITOS, SA |
Carcavelos |
|
MILLENNIUM BCP |
Treino do Trigo |
Incidents
|
Legal Actions |
|
Date |
Process |
Author |
Type |
Amount |
Judicial
District |
|
20-06-2013 |
98/13.1TUFAR |
Ministério Público |
Executiva Comum |
1.581,00 |
Faro - Tribunal do Trabalho |
|
22-03-2011 |
99/11.4TUFAR |
Ministério Público |
Executiva Comum |
459,00 |
Faro - Tribunal do Trabalho |
|
16-02-2011 |
46/11.3TUFAR |
Ministério Público |
Executiva Comum |
301,00 |
Faro - Tribunal do Trabalho |
|
20-09-2010 |
337/10.0TUFAR |
Ministério Público |
Executiva Comum |
339,00 |
Faro - Tribunal do Trabalho |
|
08-09-2010 |
236/10.6TUFAR |
Ministério Público |
Executiva Comum |
339,00 |
Faro - Tribunal do Trabalho |
|
03-09-2010 |
125/10.4TUPTM |
Ministério Público |
Executiva Comum |
1.011,00 |
Portimão - Tribunal do Trabalho |
|
27-04-2010 |
177/10.7TAMMN |
Ministério Público |
Executiva Comum |
1.348,00 |
Montemor-o-Novo - Tribunal Judicial |
|
14-04-2010 |
6992/10.4YYLSB |
IMPÉRIO BONANÇA COMPANHIA SEGUROS, S.A. |
Executiva Comum |
627,83 |
Lisboa - Juízos de Execução |
|
08-03-2010 |
68/10.1TUFAR |
Ministério Público |
Executiva Comum |
298,00 |
Faro - Tribunal do Trabalho |
|
27-10-2009 |
183/09.4TUFAR |
Ministério Público |
Executiva Comum |
1.776,00 |
Faro - Tribunal do Trabalho |
|
The subject regists more 1 incidents between the dates 04-09-2009and 04-09-2009 |
Employees
|
Total |
14 |
|
|
|
|
|
|
Vehicles
|
Trade Mark |
Quantity |
License Number |
|
Possui veiculos |
5 |
|
Insurance
|
Companhia de Seguros Açoreana SA |
Head Office and Installations
|
Installations Rua Cidade de Lisboa -
Parque Industrial do Arneiro - Lote 21 S, Sao Juliao Do Tojal, 2660-456, SAO
JULIAO DO TOJAL, Tel:213041890, Fax:213041899 |
|
Had head office Docapesca de Pedrouços,
Entreposto Frigorifico, Camara 3, Gabinete 12 e 13, Lisboa, 1000, LISBOA |
|
Head office and installations Lugar
Quintanilho, MARL, Pavilhão do Pescado, Box 9/10, Sao Juliao Do Tojal,
2660-421, SAO JULIAO DO TOJAL, Tel:219927888 |
Financial Demonstration SNC
|
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 |
1.932.388,61 |
1.916.147,44 |
2.110.456,38 |
0,85 |
||
|
Shareholders/partners |
305.906,35 |
351.456,87 |
340.901,12 |
(12,96) |
||
|
Total |
2.238.294,96 |
2.267.604,31 |
2.451.357,50 |
(1,29) |
||
|
|
|
|
|
|
||
|
Current assets |
|
|
||||
|
Inventories |
2.233.294,66 |
1.806.432,08 |
2.088.779,47 |
23,63 |
||
|
Costumers |
3.415.190,82 |
3.255.017,84 |
3.293.698,10 |
4,92 |
||
|
State and other public entities |
17.271,68 |
8.788,44 |
1.386,27 |
96,53 |
||
|
Other accounts receivable |
717.649,14 |
1.015.853,12 |
816.634,53 |
(29,36) |
||
|
Deferrals |
7.380,27 |
5.032,84 |
10.937,81 |
46,64 |
||
|
Cashier and bank deposits |
217.918,48 |
33.909,38 |
137.132,38 |
542,65 |
||
|
Total |
6.608.705,05 |
6.125.033,70 |
6.348.568,56 |
7,90 |
||
|
TOTAL ASSET |
8.847.000,01 |
8.392.638,01 |
8.799.926,06 |
5,41 |
||
|
|
|
|
|
|
||
|
SHAREHOLDERS FUNDS AND LIABILITIES |
|
|
||||
|
|
|
|
|
|
||
|
SHAREHOLDERS FUNDS |
|
|
||||
|
Capital |
500.000,01 |
500.000,01 |
500.000,01 |
|
||
|
Other shareholders funds instruments |
50.000,00 |
50.000,00 |
|
|
||
|
Legal reserves |
44.795,36 |
44.795,36 |
38.561,84 |
|
||
|
Other reserves |
304.656,43 |
304.656,43 |
186.219,61 |
|
||
|
Net retained |
366.545,67 |
350.944,82 |
350.944,82 |
4,45 |
||
|
Other shareholders funds changes |
|
|
50.000,00 |
|
||
|
Total |
1.265.997,47 |
1.250.396,62 |
1.125.726,28 |
1,25 |
||
|
Net income for the period |
2.613,92 |
29.838,85 |
124.670,34 |
(91,24) |
||
|
TOTAL OF SHAREHOLDERS FUNDS |
1.268.611,39 |
1.280.235,47 |
1.250.396,62 |
(0,91) |
||
|
|
|
|
|
|
||
|
LIABILITY |
|
|
||||
|
|
|
|
|
|
||
|
Non-current liiabilities |
|
|
||||
|
Financing obtained |
581.461,07 |
1.069.456,81 |
331.531,50 |
(45,63) |
||
|
Total |
581.461,07 |
1.069.456,81 |
331.531,50 |
(45,63) |
||
|
|
|
|
|
|
||
|
Current liabilities |
|
|
||||
|
Suppliers |
2.435.170,55 |
2.719.019,80 |
3.368.261,00 |
(10,44) |
||
|
State and other public entities |
384.568,28 |
499.293,35 |
65.206,14 |
(22,98) |
||
|
Financing obtained |
4.047.818,66 |
2.576.091,30 |
2.639.316,47 |
57,13 |
||
|
Other payable accounts |
123.804,78 |
248.541,28 |
1.145.214,33 |
(50,19) |
||
|
Deferrals |
5.565,28 |
|
|
|
||
|
Total |
6.996.927,55 |
6.042.945,73 |
7.217.997,94 |
15,79 |
||
|
TOTAL LIABILITIES |
7.578.388,62 |
7.112.402,54 |
7.549.529,44 |
6,55 |
||
|
TOTAL SHAREHOLDERS FUNDS AND LIABILITIES |
8.847.000,01 |
8.392.638,01 |
8.799.926,06 |
5,41 |
||
|
|
|
|
|
|
||
|
INCOME STATEMENT |
|
|
||||
|
|
|
|
|
|
||
|
INCOME AND EXPENSES |
|
|
||||
|
Sales and services |
13.359.983,38 |
14.697.053,68 |
13.133.257,48 |
(9,10) |
||
|
Cost of goods sold and materials consumed |
10.837.830,41 |
11.718.010,32 |
11.257.544,13 |
(7,51) |
||
|
Suppliers and external services |
1.336.712,96 |
2.021.429,03 |
1.040.081,27 |
(33,87) |
||
|
Personnel costs |
466.299,68 |
445.392,91 |
427.873,17 |
4,69 |
||
|
Other income and gains |
66.620,20 |
170.996,18 |
235.988,71 |
(61,04) |
||
|
Other expenses and losses |
103.363,42 |
137.097,51 |
129.220,49 |
(24,61) |
||
|
Result before depreciation, financing
costs and taxes |
682.397,11 |
546.120,09 |
514.527,13 |
24,95 |
||
|
Expenses/reversals of depreciation and
amortization |
34.048,95 |
71.442,47 |
37.717,10 |
(52,34) |
||
|
Operating result (before financing costs
and taxes) |
648.348,16 |
474.677,62 |
476.810,03 |
36,59 |
||
|
interest and similar expenses incurred |
639.811,72 |
423.850,93 |
325.455,62 |
50,95 |
||
|
Net before taxes |
8.536,44 |
50.826,69 |
151.354,41 |
(83,20) |
||
|
Income tax of the period |
5.922,52 |
20.987,84 |
26.684,07 |
(71,78) |
||
|
Net profit for the period |
2.613,92 |
29.838,85 |
124.670,34 |
(91,24) |
||
RATIOS SNC
|
Closing Date |
31-12-2012 |
31-12-2011 |
31-12-2010 |
|
|
|
|
|||
|
TURNOVER RATIOS |
|
|||
|
Shareholder's Funds Profitability |
0,002 |
0,023 |
0,1 |
|
|
Assets Profitability |
0,073 |
0,057 |
0,054 |
|
|
Sales Net Profitability |
|
0,002 |
0,009 |
|
|
|
|
|
|
|
|
EFFICIENCY RATIOS |
|
|
||
|
Medium Term Receivable |
93,304 |
80,838 |
91,538 |
|
|
Asset Rotation |
1,51 |
1,751 |
1,492 |
|
|
|
|
|
|
|
|
PRODUCTIVITY RATIOS |
|
|
||
|
Productivity |
5,409 |
6,689 |
4,384 |
|
|
|
|
|
|
|
|
SHORT TERM RATIOS |
|
|
||
|
General Liquidity |
0,945 |
1,014 |
0,88 |
|
|
Reduced Liquidity |
0,625 |
0,715 |
0,59 |
|
|
Immediate Liquidity |
0,031 |
0,006 |
0,019 |
|
|
|
|
|
|
|
|
MEDIUM LONG TERM RATIOS |
|
|
||
|
Financial Autonomy |
0,143 |
0,153 |
0,142 |
|
|
Solvability |
0,167 |
0,18 |
0,166 |
|
|
Borrowed Capital Structure |
0,923 |
0,85 |
0,956 |
|
|
General Debt |
3,649 |
2,848 |
2,376 |
|
|
Medium Long Term Debt |
0,458 |
0,835 |
0,265 |
|
|
Debt Structure |
0,923 |
0,85 |
0,956 |
|
|
Capital Structure |
2,182 |
1,197 |
3,772 |
|
|
|
|
|
|
|
|
Operational and Financial Risk |
|
|
||
|
Operational Leverage Level |
3,89 |
6,276 |
3,934 |
|
|
Financial Leverage Level |
75,951 |
9,339 |
3,15 |
|
|
Combined Leverage Level |
295,449 |
58,612 |
12,392 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.92 |
|
UK Pound |
1 |
Rs.99.45 |
|
Euro |
1 |
Rs.83.92 |
INFORMATION DETAILS
|
Report
Prepared by : |
MNL |
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.