MIRA
INFORM REPORT
|
Report Date : |
03.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
ERNESTO SANTOS PARAISO LDA |
|
|
|
|
Registered Office : |
Rua Manuel Saraiva Brandão, 250 – Creixomil, Guimaraes, Postal Code 4800-535-Guimaraes, District Braga |
|
|
|
|
Country : |
Portugal |
|
|
|
|
Financials (as on) : |
2012 |
|
|
|
|
Date of Incorporation : |
27.03.1980 |
|
|
|
|
Com. Reg. No.: |
500969728 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
· Wholesaler of textile yarns & threads · importer and exporter of industrial chemicals |
|
|
|
|
No of Employees : |
01 (2011) |
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Portugal |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 in 2009, and fell again from 2011 to 2013, as the government
implemented spending cuts and tax increases to comply with conditions of an
EU-IMF financial rescue package, signed in May 2011. Austerity measures also
have contributed to record unemployment and a wave of emigration not seen since
the 1960s. Booming exports will contribute to growth and employment in 2014,
but the need to continue to reduce private- and public-sector debt could weigh
on consumption and investment. The government of Pedro PASSOS COELHO has stated
its intention to reduce labor market rigidity, and, this, along with steps to
trim the budget deficit, could make Portugal more attractive to foreign
investors. The government reduced the budget deficit from 10.1% of GDP in 2009
to 5.1% in 2013, lower than the EU-IMF fiscal target of 5.5%. Despite these
efforts, public debt has continued to grow and, in 2013, stands among the
highest in the EU. As a result, the government may have difficulty regaining
full bond market financing when the EU-IMF financing program expires in May
2014.
|
Source
: CIA |
Identification |
|
Name |
ERNESTO SANTOS
PARAISO LDA |
|
V.A.T. Number /
NIF |
500969728 |
|
Address |
Rua Manuel
Saraiva Brandão, 250 - Creixomil |
|
Locality |
Guimaraes |
|
Postal Code |
4800-535-GUIMARAES |
|
Municipality |
GUIMARAES |
|
District |
BRAGA |
|
Telephone |
253412011,
966029954 |
|
Activity |
· Wholesaler of textile yarns & threads · importer and exporter of industrial chemicals |
|
Actual Condition
|
|
Payments |
|
Incidents |
Financial Highlights |
|
2010 |
2011 |
2012 |
|||
|
Net Sales |
308.422,57 |
|
275.656,70 |
|
241.211,76 |
|
Net Income For
the Year |
721,82 |
|
363,30 |
|
2.812,21 |
|
Shareholders
Funds |
185.591,18 |
|
164.847,15 |
|
167.659,36 |
|
Stocks |
48.789,00 |
|
26.025,79 |
|
68.766,84 |
|
LIABILITY |
144.709,58 |
|
24.050,23 |
|
77.157,28 |
|
ASSETS |
330.300,76 |
|
188.897,38 |
|
244.816,64 |
Business Concept |
|
Consulted
sources say that the subject has been respecting its payments and commercial
commitments, so credit connections with this company are recommended |
Summary |
|
Legal Form |
Private Limited
Company |
|
Constitution |
27-03-1980 |
|
V.A.T. Number /
NIF |
500969728 |
|
Employees |
1 |
|
Capital |
15.000,00 |
|
Sales in :
31-12-2012 |
241.211,76 |
|
Shareholders
Funds in: 31-12-2012 |
167.659,36 |
|
Payments |
Good |
|
Actual Condition
|
In activity |
Management Bodies |
|
EDUARDO FERNANDO
LIS SOARES PARAISO |
Manager |
Legal Structure |
|
Registered on the Register Record Office
of Guimaraes with the Register Number 500969728 previous number 1611 in
01-01-1980 |
|
Constitution celebrated in 27-03-1980
published on Diário da República of 17-04-1980 |
|
To oblige the company it is necessary 1
signatures |
Changes to Society
|
|
In 22-11-2013 on Portal MJ of 22-11-2013
social change Clique para ver detalhes Actualização de freguesia da sede |
|
In 23-04-2011 on Portal MJ of 07-06-2011
manager change |
|
In 22-03-2010 on Portal MJ of 23-03-2010
social change Clique para ver detalhes FORMA DE OBRIGAR |
|
In 26-05-1998 on Diário da República
number 189 of 18-08-1998 manager change |
Capital |
|
The Capital is 15.000,00 |
|
with the
following distribution |
|
ERNESTO SANTOS PARAISO |
13.650,00 |
91% |
|
MARIA ODETE LIS SOARES SILVA PARAISO |
1.350,00 |
9% |
Biographies |
|
Name |
ERNESTO SANTOS PARAISO |
|
Function |
Partner |
|
Address |
Rua Manuel Saraiva Brandão, n.º 250 |
|
Locality |
Guimaraes (Sao Paio) |
|
Civil State |
Married |
|
Consort |
Maria Odete Lis Soares da Silva Paraíso |
|
Name |
EDUARDO FERNANDO LIS SOARES PARAISO |
|
Function |
Manager |
|
Name |
MARIA ODETE LIS SOARES SILVA PARAISO |
|
Function |
Partner |
|
Address |
Rua Manuel Saraiva Brandão, n.º 250 |
|
Locality |
Guimaraes (Sao Paio) |
|
Civil State |
Married |
|
Consort |
Ernesto Santos Paraíso |
Activities |
|
Line of Business |
Percentage |
|
· Wholesaler of textile yarns & threads · importer and exporter of industrial chemicals |
100% |
|
Type of Clients |
Textile Industry |
||
|
Sales Conditions |
Cash/credit |
Geographic Distribution of Sales |
|
Internal Market |
International
Market |
|
Year |
EU |
Extra-EU |
Total |
|
2011 |
275.656,70 |
100,00% |
0,00 |
0,00% |
0,00 |
0,00% |
275.656,70 |
|
|
2010 |
308.422,57 |
100,00% |
0,00 |
0,00% |
0,00 |
0,00% |
308.422,57 |
|
Geographic Distribution
of Purchases |
|
Internal Market |
International
Market |
|
Year |
EU |
Extra-EU |
Total |
|
2011 |
130.877,00 |
98,38% |
0,00 |
0,00% |
2.153,94 |
1,62% |
133.030,94 |
|
|
2010 |
44.182,76 |
18,47% |
0,00 |
0,00% |
194.999,26 |
81,53% |
239.182,02 |
Source:
IES
Banks and Financial Institutions |
|
BANCO SANTANDER TOTTA SA |
Guimarães |
Incidents |
|
There are no of incidents on our database |
Employees
|
Year |
Total |
Men |
Women |
|
2011 |
1 |
1 |
100% |
0 |
0% |
|
|
2010 |
2 |
1 |
50% |
1 |
50% |
Source: IES
Head Office and Installations |
|
Head office Rua Manuel Saraiva Brandão,
Nr. 250, Guimaraes (Sao Paio), 4810-242, S. PAIO GMR, Tel:253412011 |
Financial Demonstration SNC |
||
|
Balance Sheet
SNC |
||
|
CoinEUROS |
Year:2012 |
|
|
2012 |
2011 |
2010 |
% Var.2012/2011 |
|
ASSET |
||||
|
Non-current assets |
||||
|
Tangible fixed assets |
47.215,60 |
47.506,75 |
18.647,89 |
(0,61) |
|
Total |
47.215,60 |
47.506,75 |
18.647,89 |
(0,61) |
|
Current assets |
||||
|
Inventories |
68.766,84 |
26.025,79 |
48.789,00 |
164,23 |
|
Costumers |
103.732,18 |
78.719,45 |
223.186,35 |
31,77 |
|
State and other public entities |
10.314,31 |
1.467,84 |
638,42 |
602,69 |
|
Other accounts receivable |
4.202,04 |
13.404,35 |
||
|
Cashier and bank deposits |
10.585,67 |
35.177,55 |
25.634,75 |
(69,91) |
|
Total |
197.601,04 |
141.390,63 |
311.652,87 |
39,76 |
|
TOTAL ASSET |
244.816,64 |
188.897,38 |
330.300,76 |
29,60 |
|
SHAREHOLDERS FUNDS AND LIABILITIES |
||||
|
SHAREHOLDERS FUNDS |
||||
|
Capital |
15.000,00 |
15.000,00 |
15.000,00 |
|
|
Legal reserves |
3.000,00 |
2.992,79 |
2.992,79 |
0,24 |
|
Other reserves |
105.565,87 |
105.209,78 |
197.335,49 |
0,34 |
|
Net retained |
(71.740,20) |
|||
|
Revaluation surplus |
41.281,28 |
41.281,28 |
41.281,28 |
|
|
Total |
164.847,15 |
164.483,85 |
184.869,36 |
0,22 |
|
Net income for the period |
2.812,21 |
363,30 |
721,82 |
674,07 |
|
TOTAL OF SHAREHOLDERS FUNDS |
167.659,36 |
164.847,15 |
185.591,18 |
1,71 |
|
Current liabilities |
||||
|
Suppliers |
69.125,58 |
9.336,02 |
130.045,93 |
640,42 |
|
State and other public entities |
4.356,33 |
8.925,55 |
8.097,27 |
(51,19) |
|
Other payable accounts |
3.675,37 |
5.788,66 |
6.566,38 |
(36,51) |
|
Total |
77.157,28 |
24.050,23 |
144.709,58 |
220,82 |
|
TOTAL LIABILITIES |
77.157,28 |
24.050,23 |
144.709,58 |
220,82 |
|
TOTAL SHAREHOLDERS FUNDS AND LIABILITIES |
244.816,64 |
188.897,38 |
330.300,76 |
29,60 |
|
INCOME STATEMENT |
||||
|
INCOME AND EXPENSES |
||||
|
Sales and services |
241.211,76 |
275.656,70 |
308.422,57 |
(12,50) |
|
Cost of goods sold and materials consumed |
(158.988,33) |
155.794,15 |
196.404,50 |
(202,05) |
|
Suppliers and external services |
(33.823,25) |
44.827,67 |
50.716,02 |
(175,45) |
|
Personnel costs |
(19.653,96) |
23.431,52 |
29.600,11 |
(183,88) |
|
Impairment of receivables
(losses/revearsals) |
(19.904,18) |
39.808,37 |
19.904,19 |
(150,00) |
|
Other income and gains |
0,73 |
3.000,00 |
2.192,55 |
(99,98) |
|
Other expenses and losses |
(2.539,81) |
3.928,57 |
6.618,14 |
(164,65) |
|
Result before depreciation, financing
costs and taxes |
6.302,96 |
10.866,42 |
7.372,16 |
(42,00) |
|
Expenses/reversals of depreciation and
amortization |
(291,15) |
7.641,15 |
5.866,15 |
(103,81) |
|
Operating result (before financing costs
and taxes) |
6.011,81 |
3.225,27 |
1.506,01 |
86,40 |
|
interest and similar expenses incurred |
56,51 |
1,40 |
||
|
Net before taxes |
6.011,81 |
3.168,76 |
1.504,61 |
89,72 |
|
Income tax of the period |
(3.199,60) |
2.805,46 |
782,79 |
(214,05) |
|
Net profit for the period |
2.812,21 |
363,30 |
721,82 |
674,07 |
RATIOS SNC |
|
Closing Date |
2012 |
2011 |
2010 |
|
|
||||||
|
TURNOVER RATIOS |
||||||
|
Shareholder's Funds Profitability |
0,017 |
0,002 |
0,004 |
|||
|
Assets Profitability |
0,025 |
0,017 |
0,005 |
|||
|
Sales Net Profitability |
0,012 |
0,001 |
0,002 |
|||
|
EFFICIENCY RATIOS |
||||||
|
Medium Term Receivable |
156,967 |
104,233 |
264,128 |
|||
|
Asset Rotation |
0,985 |
1,459 |
0,934 |
|||
|
PRODUCTIVITY RATIOS |
||||||
|
Productivity |
(20,362) |
5,115 |
3,784 |
|||
|
SHORT TERM RATIOS |
||||||
|
General Liquidity |
2,561 |
5,879 |
2,154 |
|||
|
Reduced Liquidity |
1,67 |
4,797 |
1,816 |
|||
|
Immediate Liquidity |
0,137 |
1,463 |
0,177 |
|||
|
MEDIUM LONG TERM RATIOS |
||||||
|
Financial Autonomy |
0,685 |
0,873 |
0,562 |
|||
|
Solvability |
2,173 |
6,854 |
1,283 |
|||
|
Borrowed Capital Structure |
1 |
1 |
1 |
|||
|
Debt Structure |
1 |
1 |
1 |
|||
|
Operational and Financial Risk |
||||||
|
Operational Leverage Level |
66,569 |
37,164 |
74,381 |
|||
|
Financial Leverage Level |
1 |
1,018 |
1,001 |
|||
|
Combined Leverage Level |
66,569 |
37,833 |
74,455 |
|||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.14 |
|
UK Pound |
1 |
Rs.99.02 |
|
Euro |
1 |
Rs.80.63 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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.