MIRA INFORM REPORT

 

 

Report Date :

05.09.2014              

 

IDENTIFICATION DETAILS

 

Name :

BEYONDCOTTON UNIPESSOAL LDA

 

 

Registered Office :

Rua Manuel Sousa Oliveira, 691A, Campo (Sao Martinho)

 

 

Country :

Portugal

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

17.12.2012

 

 

Legal Form :

One Man Company

 

 

Line of Business :

Wholesale a wide variety of goods without specialization

 

 

No. of Employees :

Not Available

 

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 – June 01, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

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

BEYONDCOTTON UNIPESSOAL LDA

IIC Number

1441442

V.A.T. Number / NIF

510473440

Address

Rua Manuel Sousa Oliveira, 691A

Locality

Campo (Sao Martinho)

Postal Code

4795-476-SAO MARTINHO DO CAMPO

Municipality

SANTO TIRSO

District

PORTO

 

 

C.A.E.(Rev 3)

46900- Non-specialized wholesale trade

 

Credit Recommendation
Close Following

Actual Condition
In activity

Payments
Good

Incidents
There are no record of commercial incidents

 

 

Financial Highlights

 

 

 

 

2012

 

2013

Net Sales

 

 

 

 

322.181,10

Net Income For the Year

 

 

(387,72)

1.053,27

Shareholders Funds

 

 

4.612,28

5.665,55

Stocks

 

 

 

 

18.669,03

LIABILITY

 

 

44.394,10

144.170,42

ASSETS

 

 

49.006,38

149.835,97

 

Summary

 

 

Legal Form

One Man Company

Constitution

17-12-2012

V.A.T. Number / NIF

510473440

Employees

0

Capital

5.000,00

Sales in : 31-12-2013

322.181,10

Shareholders Funds in: 31-12-2013

5.665,55

Payments

Good

Credit Recommendation

Close Following

Actual Condition

In activity

 

Management Bodies

 

ALVARO JOSE DE ARAUJO ALMEIDA

Managing-Partner

 

Gráficos de Análise Sectorial

 

Legal Structure

 

Registed on the Register Record Office of Santo Tirso with the Register Number 510473440 in 17-12-2012

Constitution celebrated in 17-12-2012 published on Portal MJ of 17-12-2012

To oblige the company it is necessary 1 signatures

 

Changes to Society

 

In 06-11-2013 on Portal MJ of 06-11-2013 social change Clique para ver detalhes

Atualizaçăo de freguesia da sede

 

Capital

 

The Capital is 5.000,00

 

 

with the following distribution

 

ALVARO JOSE DE ARAUJO ALMEIDA

5.000,00

100%

 

 

Biographies

 

 

Name

ALVARO JOSE DE ARAUJO ALMEIDA

Funtion

Managing-Partner

Address

Rua José Narciso Martins da Costa, nº 1311

Locality

Sao Martinho Campo

Birth Date

20-04-1958

Naturality

Săo Martinho do Campo

Civil State

Married

Consort

Maria Daniela Cardoso Dias de Lima

Previous Connections

Exerceu a sua actividade como empresário em nome individual.

Professional Connections

The subject has connections with the following company (ies)

 

N.T.ENERGIA SA as Board of Director's President .

 

IMOCAMPO-IMOBILIARIA SA as Board of Director's President .

 

WILDPASSION LDA as Partner with a participation of 500,00 , in a capital of 5.000,00 .

 

NOVA TEXTIL ARAUJO & GONCALVES SA as Administrator .

 

DADA-IMOBILIARIA SA as Board of Director's President .

 

AAA ENERGIA-PRODUCAO E GESTAO DE ENERGIA LDA as Manager .

 

336 SGPS LDA as Managing-Partner with a participation of 525.000,00 , in a capital of 1.050.000,00 .

 

 

Activities

 

 

Line of Business

Percentage

Comércio por grosso de uma grande variedade de bens sem especializaçăo

(Wholesale a wide variety of goods without specialization)

100%

 

Geographic Distribution of Purchases

 

 

Internal Market

 

International Market

 

 

Year

 

EU

Extra-EU

Total

 

 

2012

-

-

-

-

-

-

0,00

 

 

Banks and Financial Institutions

 

MILLENNIUM BCP

Săo Martinho do Campo

 

Incidents

 

There are no of incidents on our database

 

 

Employees

 

Year

Total

Men

Women

 

 

2012

0

0

0%

0

0%

 

 

Head Office and Installations

 

Head office Rua Manuel Sousa Oliveira, nº 691-A, Sao Martinho Campo, 4795-476, SAO MARTINHO CAMPO

 

 


Financial Demonstration SNC

 

Balance Sheet SNC

CoinEUROS

 

Year:2013

 

 

 

20131231

20121231

 

% Var.2013/2012

 

Total

 

 

 

 

 

 

 

 

 

 

 

Current assets

 

 

 

 

 

 

 

 

Inventories

18.669,03

 

 

 

 

 

Costumers

94.660,10

 

 

 

 

 

State and other public entities

10.642,12

6,38

 

166.704,39

 

 

Other current assets

1.696,11

 

 

 

 

 

Cashier and bank deposits

24.168,61

49.000,00

 

(50,68)

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL ASSET

 

 

 

 

 

 

 

 

 

 

 

 

 

SHAREHOLDERS FUNDS AND LIABILITIES

 

 

 

 

 

 

 

 

SHAREHOLDERS FUNDS

 

 

 

 

 

 

 

 

Capital

5.000,00

5.000,00

 

 

 

 

Net retained

(387,72)

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income for the period

1.053,27

(387,72)

 

(371,66)

 

 

TOTAL OF SHAREHOLDERS FUNDS

 

 

 

 

 

 

 

 

 

 

 

 

 

LIABILITY

 

 

 

 

 

 

 

 

Non-current liiabilities

 

 

 

 

 

 

 

 

Financing obtained

143.921,56

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

Current liabilities

 

 

 

 

 

 

 

 

State and other public entities

248,86

 

 

 

 

 

Other payable accounts

 

44.394,10

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL SHAREHOLDERS FUNDS AND LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

INCOME STATEMENT

 

 

 

 

 

 

 

 

INCOME AND EXPENSES

 

 

 

 

 

 

 

 

Sales and services

322.181,10

 

 

 

 

 

Cost of goods sold and materials consumed

296.694,94

 

 

 

 

 

Suppliers and external services

19.396,92

387,72

 

4.902,82

 

 

Other income and gains

1.802,23

 

 

 

 

 

Other expenses and losses

3.733,40

 

 

 

 

 

Operating result (before financing costs and taxes)

 

 

 

 

 

 

 

 

 

 

 

 

 

interest and similar expenses incurred

2.856,92

 

 

 

 

 

Net before taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

Income tax of the period

247,88

 

 

 

 

 

 

RATIOS SNC

 

Closing Date

2013

2012

 

 

 

 

 

TURNOVER RATIOS

 

Shareholder's Funds Profitability

0,186

(0,084)

 

 

 

 

Assets Profitability

0,028

(0,008)

 

 

 

 

Sales Net Profitability

0,003

(0,008)

 

 

 

 

 

 

EFFICIENCY RATIOS

 

Medium Term Receivable

107,241

(0,008)

 

 

 

 

Asset Rotation

2,15

 

 

 

 

 

 

 

SHORT TERM RATIOS

 

General Liquidity

602,089

1,104

 

 

 

 

Reduced Liquidity

527,071

1,104

 

 

 

 

Immediate Liquidity

97,117

1,104

 

 

 

 

 

 

MEDIUM LONG TERM RATIOS

 

Financial Autonomy

0,038

0,094

 

 

 

 

Solvability

0,039

0,104

 

 

 

 

Borrowed Capital Structure

0,002

1

 

 

 

 

General Debt

25,403

 

 

 

 

 

Medium Long Term Debt

25,403

 

 

 

 

 

Debt Structure

0,002

1

 

 

 

 

Capital Structure

0,039

 

 

 

 

 

 

 

Operational and Financial Risk

 

Operational Leverage Level

6,129

 

 

 

 

 

Financial Leverage Level

3,196

1

 

 

 

 

Combined Leverage Level

19,588

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.60.45

UK Pound

1

Rs.99.45

Euro

1

Rs.79.46

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

PDT

 

               

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.