MIRA INFORM REPORT
|
Report Date : |
25.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
RISATEL-SOCIEDADE COMERCIAL DE FIOS TEXTEIS LDA |
|
|
|
|
Registered Office : |
Rua do Vilar, 675, Guimaraes, 4835-256-Guimaraes, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
21.11.1997 |
|
|
|
|
Com. Reg. No.: |
504024477 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Trader of Textiles |
|
|
|
|
No of Employees : |
18 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
|
With Financial |
|
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 |
RISATEL-SOCIEDADE
COMERCIAL DE FIOS TEXTEIS LDA |
|
V.A.T. Number /
NIF |
504024477 |
|
Address |
Rua do Vilar,
675 |
|
Locality |
Guimaraes |
|
Postal Code |
4835-256-GUIMARAES |
|
Municipality |
GUIMARAES |
|
District |
BRAGA |
|
Telephone |
253520730 |
|
Fax |
253520739 |
|
E-Mail |
risatel@risatel.com |
|
Web Site |
www.risatel.com |
|
|
|
|
C.A.E.(Rev 3) |
46410- Wholesale
trade of textiles |
|
|
Actual Condition
|
|
|
Payments |
|
|
Incidents |
Summary
|
|
Legal Form |
Private Limited
Company |
|
Constitution |
21-11-1997 |
|
V.A.T. Number /
NIF |
504024477 |
|
Employees |
18 |
|
Capital |
3.000.000,00 |
|
Sales in :
31-12-2012 |
26.026.591,51 |
|
Shareholders
Funds in: 31-12-2012 |
4.860.950,89 |
|
Credit Risk
Level |
Low Credit Risk |
|
Credit Limit |
249.399,00 |
|
Payments |
Good |
|
Credit
Recommendation |
Credit Worthy |
|
Actual Condition
|
In activity |
Financial Highlights
|
|
|
31-12-2010 |
|
31-12-2011 |
|
31-12-2012 |
|
Net Sales |
34.352.998,55 |
|
24.265.453,37 |
|
26.026.591,51 |
|
Net Income For
the Year |
666.764,68 |
|
219.067,51 |
|
267.341,30 |
|
Shareholders
Funds |
4.374.542,08 |
|
4.593.609,59 |
|
4.860.950,89 |
|
Stocks |
4.767.356,22 |
|
7.075.587,39 |
|
7.285.084,32 |
|
LIABILITY |
17.441.058,96 |
|
12.729.715,84 |
|
13.959.865,56 |
|
ASSETS |
21.815.601,04 |
|
17.323.325,43 |
|
18.820.816,45 |
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
|
|
JOAO NUNO DA
CUNHA GUIMARAES SANTOALHA |
Manager |
|
VITOR VALDEMAR TEIXEIRA
RIBEIRO |
Managing-Partner
|
Legal Structure
|
|
Registed on the Register Record Office of
Guimaraes with the Register Number 504024477 previous number 5738 in
21-11-1997 |
|
Constitution celebrated in 21-11-1997 published
on Diário da República number 18 of 22-01-1998 |
|
To oblige the company it is necessary 1
signatures |
|
Changes to Society |
|
In 28-11-2013 on Portal MJ of 10-12-2013
manager change |
|
|
In 21-11-2013 on Portal MJ of 21-11-2013 social
change Error!
Hyperlink reference not valid.
|
|
|
In 25-01-2010 on Portal MJ of 26-01-2010
increase of capital Error!
Hyperlink reference not valid.
|
|
|
In 31-01-2001 on Diário da República
number 60 of 12-03-2001 increase of capital Error!
Hyperlink reference not valid. |
Capital
|
|
The Capital is
3.000.000,00 |
|
|
with the
following distribution |
|
VITOR VALDEMAR TEIXEIRA
RIBEIRO |
1.500.000,00 |
50% |
|
MARIA ALEXANDRA
PINHEIRO JORDAO SANTOALHA |
1.500.000,00 |
50% |
Biographies
|
|
|
|
|
Name |
JOAO NUNO DA
CUNHA GUIMARAES SANTOALHA |
|
Funtion |
Manager |
|
Address |
Av. D. Joăo IV,
Quinta do Campo, lote 6 |
|
Locality |
Guimaraes |
|
Naturality |
Săo
Sebastiăo-Guimarăes |
|
Civil State |
Married |
|
Consort |
Maria Alexandra
Pinheiro Jordăo Santoalha |
|
Professional
Connections |
The subject has connections with the
following company (ies) |
|
|
VIMARDOMUS-INVESTIMENTOS IMOBILIARIOS SA
as Administrator . |
|
|
LETASIR-IMOBILIARIA LDA as
Managing-Partner with a participation of 100.000,00 , in a capital of
200.000,00 . |
|
|
RISAFO-COMERCIO E INVESTIMENTOS SA as
Administrator . |
|
|
POSSIBLE LEVEL LDA as Managing-Partner
with a participation of 25.500,00 , in a capital of 100.000,00 . |
|
|
IMOPRADOS-INVESTIMENTOS IMOBILIARIOS SA as
Board of Director's President . |
|
|
FIBRATEL-COMERCIO DE TEXTEIS LDA as Managing-Partner
with a participation of 25.000,00 , in a capital of 50.000,00 . |
|
|
|
|
Name |
VITOR VALDEMAR
TEIXEIRA RIBEIRO |
|
Funtion |
Managing-Partner
|
|
Address |
Rua Dr.José
Sampaio, 761 |
|
Locality |
Guimaraes |
|
Naturality |
Costa-Guimarăes |
|
Civil State |
Married |
|
Consort |
Lúcia de Fátima
de Freitas Ribeiro |
|
Professional
Connections |
The subject has connections with the
following company (ies) |
|
|
RISAFO-COMERCIO E INVESTIMENTOS SA as Board
of Director's President . |
|
|
MULTIFIBRAS-COMERCIO E IMPORTACAO DE FIOS
LDA as Managing-Partner with a participation of 49.879,79 , in a capital of
99.759,58 . |
|
|
POSSIBLE LEVEL LDA as Managing-Partner
with a participation of 25.500,00 , in a capital of 100.000,00 . |
|
|
FIBRATEL-COMERCIO DE TEXTEIS LDA as
Managing-Partner with a participation of 25.000,00 , in a capital of
50.000,00 . |
|
|
VIMARDOMUS-INVESTIMENTOS IMOBILIARIOS SA
as Administrator . |
|
|
LETASIR-IMOBILIARIA LDA as Partner with a
participation of 100.000,00 , in a capital of 200.000,00 . |
|
|
|
|
Name |
MARIA ALEXANDRA
PINHEIRO JORDAO SANTOALHA |
|
Funtion |
Partner |
|
Address |
Av. D. Joăo,
Quinta do Campo, lote 6 |
|
Locality |
Guimaraes |
|
Civil State |
Married |
|
Consort |
Joăo Nuno da
Cunha Guimarăes Santoalha |
Activities
|
|
Line of Business |
Percentage |
|
Comércio por
grosso de têxteis (fio) |
100% |
|
Type of Clients |
Industries/Private
Companies |
|
Sales Conditions
|
Credit |
|
Imports from |
INDIA,PAQUISTĂO |
|
Exports to |
ALEMANHA,BELGICA,BRASIL,DINAMARCA,ESPANHA,FINLANDIA,FRANÇA,HOLANDA,IRLANDA,LUXEMBURGO,REINO
UNIDO,SUIÇA,SUECIA |
Banks and Financial Institutions
|
|
BANIF - BANCO
INTERNACIONAL DO FUNCHAL, SA |
Centro de
Empresas de Guimarăes |
|
BANCO BIC
PORTUGUES SA |
Centro de
Empresas de Guimarăes |
|
CAIXA GERAL DE
DEPOSITOS, SA |
Guimarăes |
|
BARCLAYS BANK,
PLC |
Guimarăes |
Incidents
|
|
There are no of
incidents on our database |
Employees
|
|
Total |
18 |
|
|
|
|
|
|
Insurance
|
|
Companhia
Seguros Allianz Portugal SA |
Head Office and Installations
|
|
Head office and office Rua do Vilar, 675, Guimaraes,
4835-256, GUIMARAES, Tel:253520730, Fax:253520739 |
|
Had head office Avenida D. Afonso
Henriques, 228, Urgezes, 4810, GUIMARAES |
Financial Demonstration SNC
|
||
|
Balance Sheet SNC |
||
|
CoinEURO |
|
Date31-12-2012 |
|
|
||
|
Closing Date |
31-12-2012 |
31-12-2011 |
31-12-2010 |
Variaçăo (%) |
|
ASSET |
|
|||
|
Non-current
assets |
|
|||
|
Tangible fixed
assets |
1.443.970,87 |
1.527.796,08 |
1.616.373,27 |
(5,49) |
|
Other financial
assets |
|
|
86.317,12 |
|
|
Total |
1.443.970,87 |
1.527.796,08 |
1.702.690,39 |
(5,49) |
|
|
|
|
|
|
|
Current assets |
|
|
||
|
Inventories |
7.285.084,32 |
7.075.587,39 |
4.767.356,22 |
2,96 |
|
Costumers |
9.460.837,44 |
7.665.941,80 |
12.678.482,13 |
23,41 |
|
Advances to suppliers
|
|
368.181,61 |
809.728,00 |
|
|
State and other
public entities |
482.558,67 |
461.948,18 |
621.936,59 |
4,46 |
|
Other accounts
receivable |
4.912,12 |
11.729,39 |
389.403,62 |
(58,12) |
|
Deferrals |
13.657,90 |
19.163,71 |
19.347,15 |
(28,73) |
|
Financial assets
held for trading |
36.997,36 |
38.868,99 |
38.750,55 |
(4,82) |
|
Cashier and bank
deposits |
92.797,77 |
154.108,28 |
787.906,39 |
(39,78) |
|
Total |
17.376.845,58 |
15.795.529,35 |
20.112.910,65 |
10,01 |
|
TOTAL ASSET |
18.820.816,45 |
17.323.325,43 |
21.815.601,04 |
8,64 |
|
|
|
|
|
|
|
SHAREHOLDERS
FUNDS AND LIABILITIES |
|
|
||
|
|
|
|
|
|
|
SHAREHOLDERS
FUNDS |
|
|
||
|
Capital |
3.000.000,00 |
3.000.000,00 |
3.000.000,00 |
|
|
Legal reserves |
600.000,00 |
600.000,00 |
306.351,90 |
|
|
Other reserves |
993.609,59 |
774.542,08 |
417.507,64 |
28,28 |
|
Net retained |
|
|
(16.082,14) |
|
|
Total |
4.593.609,59 |
4.374.542,08 |
3.707.777,40 |
5,01 |
|
Net income for
the period |
267.341,30 |
219.067,51 |
666.764,68 |
22,04 |
|
TOTAL OF
SHAREHOLDERS FUNDS |
4.860.950,89 |
4.593.609,59 |
4.374.542,08 |
5,82 |
|
|
|
|
|
|
|
LIABILITY |
|
|
||
|
|
|
|
|
|
|
Non-current
liabilities |
|
|
||
|
Financing
obtained |
75.000,00 |
542.926,97 |
850.468,82 |
(86,19) |
|
Total |
75.000,00 |
542.926,97 |
850.468,82 |
(86,19) |
|
|
|
|
|
|
|
Current
liabilities |
|
|
||
|
Suppliers |
1.360.416,54 |
1.655.353,66 |
1.985.570,42 |
(17,82) |
|
State and other
public entities |
58.431,01 |
14.171,06 |
165.577,75 |
312,33 |
|
Financing
obtained |
12.186.490,35 |
10.362.653,73 |
14.181.942,83 |
17,60 |
|
Other payable
accounts |
279.527,66 |
154.610,42 |
257.499,14 |
80,79 |
|
Total |
13.884.865,56 |
12.186.788,87 |
16.590.590,14 |
13,93 |
|
TOTAL
LIABILITIES |
13.959.865,56 |
12.729.715,84 |
17.441.058,96 |
9,66 |
|
TOTAL
SHAREHOLDERS FUNDS AND LIABILITIES |
18.820.816,45 |
17.323.325,43 |
21.815.601,04 |
8,64 |
|
|
|
|
|
|
|
INCOME STATEMENT
|
|
|
||
|
|
|
|
|
|
|
INCOME AND
EXPENSES |
|
|
||
|
Sales and
services |
26.026.591,51 |
24.265.453,37 |
34.352.998,55 |
7,26 |
|
Variation in
production inventories |
(128.982,48) |
27.284,22 |
47.986,75 |
(572,74) |
|
Cost of goods
sold and materials consumed |
22.957.853,38 |
21.138.195,46 |
30.898.019,64 |
8,61 |
|
Suppliers and
external services |
1.407.517,42 |
1.236.605,71 |
1.337.863,01 |
13,82 |
|
Personnel costs |
390.839,28 |
478.276,62 |
557.781,05 |
(18,28) |
|
Impairment of
receivables (losses/revearsals) |
9.650,39 |
9.553,31 |
32.126,78 |
1,02 |
|
Other income and
gains |
556.604,39 |
532.164,87 |
937.869,38 |
4,59 |
|
Other expenses
and losses |
432.388,25 |
886.965,55 |
1.187.913,65 |
(51,25) |
|
Result before
depreciation, financing costs and taxes |
1.255.964,70 |
1.075.305,81 |
1.325.150,55 |
16,80 |
|
Expenses/reversals
of depreciation and amortization |
112.222,71 |
123.574,36 |
152.642,76 |
(9,19) |
|
Operating result
(before financing costs and taxes) |
1.143.741,99 |
951.731,45 |
1.172.507,79 |
20,17 |
|
interest and similar
expenses incurred |
749.602,75 |
628.691,85 |
226.318,05 |
19,23 |
|
Net before taxes
|
394.139,24 |
323.039,60 |
946.189,74 |
22,01 |
|
Income tax of
the period |
126.797,94 |
103.972,09 |
279.425,06 |
21,95 |
|
Net profit for
the period |
267.341,30 |
219.067,51 |
666.764,68 |
22,04 |
RATIOS SNC
|
|
Closing Date |
31-12-2012 |
31-12-2011 |
31-12-2010 |
|
|||
|
TURNOVER RATIOS |
|
|||||
|
Shareholder's Funds
Profitability |
0,055 |
0,048 |
0,152 |
|
||
|
Assets
Profitability |
0,061 |
0,055 |
0,054 |
|
||
|
Sales Net
Profitability |
0,01 |
0,009 |
0,019 |
|
||
|
|
|
|
|
|
||
|
EFFICIENCY
RATIOS |
|
|
||||
|
Medium Term
Receivable |
132,68 |
115,31 |
134,708 |
|
||
|
Asset Rotation |
1,383 |
1,401 |
1,575 |
|
||
|
|
|
|
|
|
||
|
PRODUCTIVITY
RATIOS |
|
|
||||
|
Productivity |
7,852 |
6,539 |
6,194 |
|
||
|
|
|
|
|
|
||
|
SHORT TERM
RATIOS |
|
|
||||
|
General
Liquidity |
1,251 |
1,296 |
1,212 |
|
||
|
Reduced
Liquidity |
0,727 |
0,716 |
0,925 |
|
||
|
Immediate
Liquidity |
0,007 |
0,013 |
0,047 |
|
||
|
|
|
|
|
|
||
|
MEDIUM LONG TERM
RATIOS |
|
|
||||
|
Financial Autonomy
|
0,258 |
0,265 |
0,201 |
|
||
|
Solvability |
0,348 |
0,361 |
0,251 |
|
||
|
Borrowed Capital
Structure |
0,995 |
0,957 |
0,951 |
|
||
|
General Debt |
2,522 |
2,374 |
3,436 |
|
||
|
Medium Long Term
Debt |
0,015 |
0,118 |
0,194 |
|
||
|
Debt Structure |
0,995 |
0,957 |
0,951 |
|
||
|
Capital
Structure |
64,813 |
8,461 |
5,144 |
|
||
|
|
|
|
|
|
||
|
Operational and
Financial Risk |
|
|
||||
|
Operational
Leverage Level |
2,683 |
3,286 |
2,947 |
|
||
|
Financial
Leverage Level |
2,902 |
2,946 |
1,239 |
|
||
|
Combined
Leverage Level |
7,786 |
9,681 |
3,651 |
|
||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 62.17 |
|
|
1 |
Rs. 103.38 |
|
Euro |
1 |
Rs. 85.08 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
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.