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Credit Report
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Information may vary depending on the country searched and the company type.
Information in this report is for sample purposes only. Individual items included only when available.
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Date: 2005-06-27
Coface Serviços
Portugal Entity: MODELO-FABRICA DE TINTAS DE CONSTRUÇÃO, SA
Information State: UPDATED
Subscriber: E9999999
TESTES INTERNACIONAL
Att.:
Your Ref:
Coface Serviços Portugal
Code - O/Ref: 30000031 - 4178712
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IDENTIFICATION
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Name MODELO-FABRICA DE TINTAS DE CONSTRUÇÃO, SA
Denomination TINTAS MODELO
Fiscal Nr. 970446586
Address Rua Febo Moniz Nr. 32 Loja 1
Locality Lisboa
Post Code 1150-152 LISBOA
Telephone 219578891
Facsmile 219572309
Mun./Dist./Country Lisboa/Lisboa/Portugal
CURRENCY Euros/ EUR except otherwise shown
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CREDIT EVALUATION
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Rating 75 points out of 96 possible : Good + (78%)
Based on the available economic and financial data
compared with the information of the sector.
Credit Limit 12.420.658 EUR
Based on the available data ( High ), on Coface Serviços Portugal's
Credit Opinion and on the Present Situation.
Credit Opinion Consulted sources inform that subject has been respecting
its engagements, deserving confidence for credits.
Treasury Risk Low.
@rating score Not available
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SYNTHESIS
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Coface Serviços
Portugal Code 30000031
Legal Style Joint Stock Comp.
Constitution 1956-10-23
Co.House Reg. Nº 23268
Companies House C.R.C.Lisboa
Beginning Activity 1956-10
Main Nace Code 24301 Manufacturing of paints,varnishes, mastics and
similar products
Present Situation In activity
Employees 269
Registered Capital 261.868.896,00 EUR
Sales + Rend.Servic On 2003 35.416.177 EUR
Net Assets On 2003 44.165.681 EUR
Own Capital On 2003 25.321.557 EUR
Net Result On 2003 1.853.116 EUR
Last Balance Sheet 2003
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ESTABLISHMENT AND ALTERATIONS
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Establishment 1956-10-23 DG 256 1957-11-26 6 C.N.Lisboa
Sociedade Fabril de Tintas Modelo, Lda.
Registry 1957-01-15 N 23268 C.R.C.Lisboa
Alt. denomination 1987-06-29 DR 272 1987-12-17 6 C.N.Lisboa
Alt. legal style 1987-06-29 DR 272 1987-12-17 6 C.N.Lisboa
Changed into a Joint-Stock Company
Other alteration 1987-06-29 DR 272 1987-12-17 6 C.N.Lisboa
Alterations on the social pact
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HISTORY
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Preceding Installations
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Warehouse Rua Melo Falcão, Nr. 32 1ºEsqº, Lisboa
1000-000 LISBOA
Warehouse Avenida 5 de Outubro Nr. 23-A , Lisboa
1000-000 LISBOA
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ECONOMIC ACTIVITIES
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CAE 24301 Manufacturing of paints,varnishes, mastics and similar
products
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MAIN ORIGIN MARKETS
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National Centro, South
International United Kingdom, France, Germany
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MAIN DESTINATION MARKETS
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National All Country
International S.Tome Principe, Angola, Cape Verde
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MAIN TRADEMARKS
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Own MODELTINTA, VERNIZMODEL, PAINTINGWELL
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MAIN REPRESENTATIONS
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PAINTING MODEL, LTD United Kingdom
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HEAD-OFFICE AND OTHER PREMISES
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Head-office/office:
Rua Febo Moniz Nr. 32 Loja 1
Lisboa
1150-152 LISBOA
Rented premises
Branch-offices:
Rua Alcaide de Faria Nr. 347
8000-000 FARO
Rented premises
Trav. Conde da Ponte Nr. 36
4000-000 PORTO
Rented premises
Rua Sacadura Cabral Nr. 89
4800-000 GUIMARÃES
Premises ceded
Warehouses:
Lg. Igreja
Anadia
3780-215 ANADIA
Factory:
Rua Liberdade Lt. 3
Brandoa-Amadora
2650-202 AMADORA
Own premises
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CAPITAL
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Registered Capital 261.868.896,00 EUR
Coface Serviços
Portugal Code MAIN SHAREHOLDERS
31006578 QUIMODEL-QUIM. MODELO PORTUGAL SA 54,5%
31006579 MODELOSUL-ATLANT. SUL,IMP.EXP. SA 35,5%
31006580 LUSOMODELO-TINTAS MODELO SA 10%
PARENT COMPANY
31006578 QUIMODEL-QUIM. MODELO PORTUGAL SA 2.493.989,48 EUR
Av. D. Afonso I, 1183
Lisboa
1000-000 LISBOA
Manufacturing of chemical auxiliary products for industrial
use
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VEHICLES
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total 10
Light 7
Heavy 3
Renault Laguna 11-29-BA
Ford Transit 20-04-CA
Renault Laguna 25-40-BA
Renault Clio 34-88-BC
Renault Laguna 37-64-BC
Mercedes Pesado 42-39-AD
Mercedes Pesado 49-94-AH
Renault Clio 54-33-AE
Mercedes Pesado 56-21-AE
Nissan Urvan 91-74-AB
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INSURANCES
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Fire Imperio Bonança
997.595,79 EUR
Multi Risk Imperio Bonança
Vehicles Insur. Tranquilidade
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REAL PROPERTY
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Factory:
Rua LiberdadeLt. 3
Brandoa-Amadora
2650-202 AMADORA
Value 498.797,90 EUR
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ECONOMIC DATA
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2001 2002 2003
Total Net Assets 50.407.725 47.527.015 44.165.681
CURRENT ASSETS 20.212.151 18.975.581 17.679.392
Short Term Liabilities 13.175.958 10.430.027 9.534.626
Short Term Suppliers 4.575.627 4.197.094 3.587.522
Sh.Debts Credit. Inst. 2.494.000 2.494.000 2.140.000
Sh.Term Shareholders 447.469 141.332 278.626
M/L Term Liabilities 16.001.246 13.628.543 9.309.498
M/L Term DB.Cred.Inst. 14.964.000 12.470.000 8.560.000
M/L Term Shareholders
Total Own Capital 21.230.521 23.468.444 25.321.557
Net Results 2.561.941 2.237.924 1.853.116
Depr.+Provisions 3.256.885 3.824.675 3.571.942
Costs Merch. + Mater. 15.888.840 13.865.512 13.692.987
Supp.+ Ext. Services 7.740.408 7.607.940 7.384.612
Sales+Rend.Services 38.968.685 36.760.920 35.416.177
Export 315.599 263.562 542.063
Purchases 15.986.928 14.474.731 14.004.536
Import
No.of Employes 257 258 242
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PERSONNEL
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Senior staff 6
Medium staff 15
Administrative staff 34
Commercials 11
Production 192
Others 11
Total 269
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FINANCIAL PARTICIPATION
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Coface Serviços
Portugal Code Share/Capital
31006573 MODELPLASTIC-IND.COM.PLASTICOS SA 0,13%
Rua do Jardim, 70 99.759,58 EUR
1100-000 LISBOA
Manufacture of plastic packing goods
21082870 JOTUN-MODELO-TINTAS MARITIMAS LDA 39.903,83 EUR
Av. Uruguai, 5-C 74.819,68 EUR
2800-000 ALMADA
Manufacturing of paints,varnishes, mastics and similar
products
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BOARD OF ADMINISTRATION
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Chairman ALBERTO MODELO ANTUNES
On behalf of QUIMODELO-QUIMICA MODELO DE PORTUGAL, S.A.
Administrator ORLANDO MODELO FREITAS
On behalf of MODELOSUL-ATLANTICO SUL,IMP.EXP.,S.A.
Administrator MARIO MODELO HENRIQUE
On behalf of LUSOMODELO, TINTAS MODELO, S.A.
Date of Mandate 2006-03-31
Signatures
The company is bound by two signatures unspecified
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SUPERVISORY BOARD/OFFICIAL AUDITOR
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Chairman JAIME VIEIRA SANTOS MODELO
Vice-Chairman EDUARDO GUILHERME MODELO
Offic.Acc.Revisor JOSE ANTONIO DE ALMEIDA
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GENERAL ASSEMBLY
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Chairman FILIPE MODELO GONÇALVES
Vice-Chairman MANUEL MODELO DOS SANTOS
Secretary TIAGO LUIS MODELO FERREIRA
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PROXIES
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JOSE HENRIQUE MODELO GASPAR
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BOARD OF DIRECTORS
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Financial Director DR. MANUEL NUNES MODELO
Commercial Director ENGº GUILHERME DOS SANTOS MODELO
Manuf. Director ENGº ALBERTO JACINTO MODELO
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PARTNER COMPANIES
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31006579 MODELOSUL-ATLANT. SUL,IMP.EXP. SA 99.759,58 EUR
Rua D. Dinis, 58
Coimbra
3000-000 COIMBRA
Agents special. sale of particular prod. or ranges of
products n.e.c.
31006580 LUSOMODELO-TINTAS MODELO SA 199.519,16 EUR
Largo D. Pedro II, 156
Porto
4000-000 PORTO
Wholesale of chemical products
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LAWSUITS & PROTESTS REGISTER
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NO INCIDENTS ARE RECORDED IN OUR DATABASE
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INVESTMENT PROJECTS
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Starting 2002-09-01
Ending 2005-12
Estimated amount 997.595,79 EUR
Type of project Construction of a Building
Purpose Future factory premises
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FINANCINGS
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Repayment period 2002-04-01
Amortization period 5 Anos
Amount 498.797,90 EUR
Type of Loan Loan
Financing entity Banco Santander Totta
Purpose Purchase of computer equipment
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QUALITY CERTIFICATE
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Certificate N.95 / CEP. 789
Standard ISO 9 002
Issued by Instituto Portugues da Qualidade
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STOCK MARKET
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Listed on the Lisbon Euronext
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BANKS
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Banco Espirito Santo Conde Barão
Millennium bcp Rua do Ouro
Caixa Geral de Depositos Calhariz
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ALARMING OCCURENCES
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2003-11-05 A fire broke out at subject's premises located at
Rua Sacadura Cabral, 89, Guimarães
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SYNTHETIC BALANCE
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2002 2003 Var%
ASSETS
Fixed assets 27.621.483 25.758.784 -6,7%
Intangible Fixed Assets 20.414.426 19.448.962 -4,7%
Tangible fixed assets 7.207.057 6.309.822 -12,4%
Investments
CURRENT ASSETS 18.975.581 17.679.392 -6,8%
Stocks 4.447.836 4.106.796 -7,7%
Debts of third parties 10.410.054 10.948.562 5,2%
Debts of third parties m/l
term.........................
Debts of third parties s/term 10.410.054 10.948.562 5,2%
Negotiable titles
Cash and bank balances 4.117.690 2.624.033 -36,3%
Accruals an deferrals 929.951 727.505 -21,8%
Total Net Assets 47.527.015 44.165.681 -7,1%
OWN CAPITAL
Capital 2.619.750 2.619.750 0%
Share Issue Premiums (quotas)
Revaluation Reserves 1.600.024 1.600.024 0%
Legal Reserves 703.305 703.305 0%
Other reserves 7.392.185 7.392.185 0%
Past Year's Results 8.915.257 11.153.177 25,1%
After tax result of the year 2.237.924 1.853.116 -17,2%
Anticipated Dividends
Total Own Capital 23.468.444 25.321.557 7,9%
Minority interest
LIABILITIES
Provisions for risks and
charges...................... 617.367 308.246 -50,1%
Debts to third parties 21.024.582 15.813.687 -24,8%
Debts to third parties m/l
term......................... 12.714.504 8.707.810 -31,5%
Debts to third parties s/term 8.310.078 7.105.877 -14,5%
Accruals and deferrals 2.416.621 2.722.191 12,6%
Total liabilities 24.058.571 18.844.124 -21,7%
Total net equity and
liabilities.................. 47.527.015 44.165.681 -7,1%
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ABRIDGED PROFIT AND LOSS ACCOUNT
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2002 2003 Var%
EXTR.COSTS + LOSSES AND NET
RESULT.......................
Operational costs 32.418.107 31.620.673 -2,5%
Costs Merch. + Mater. 13.865.512 13.692.987 -1,2%
Supp.+ Ext. Services 7.607.940 7.384.612 -2,9%
Personnel expenses 7.086.708 6.935.662 -2,1%
Wages and salaires 5.329.776 4.929.248 -7,5%
Social security and pension
costs........................ 1.756.932 2.006.414 14,2%
Depreciations of financial
year......................... 2.935.274 2.773.336 -5,5%
Provisions for the financial
year......................... 889.400 798.606 -10,2%
Taxes 9.787 6.213 -36,5%
Other operational costs 23.485 29.256 24,6%
Finantial expenditures and
losses....................... 1.074.433 959.124 -10,7%
Loss.in group and assoc.
companies....................
Depr,+ provisions for
investments..................
Interest expenses and
similar costs................ 1.074.433 959.124 -10,7%
Extraordinary expenditure +
losses....................... 86.397 339.547 293%
Expenditure + losses 33.578.937 32.919.345 -2%
Tax on the year's income 1.963.811 1.633.009 -16,8%
Minority interest
Net results of the financial
year......................... 2.237.924 1.853.116 -17,2%
EARNINGS AND PROFITS
Operating revenues 36.895.722 35.004.243 -5,1%
Sales 36.530.813 35.237.983 -3,5%
Rend. services 230.107 178.194 -22,6%
Inc/dec stks fin.pr./work
progress..................... -60.097 -589.895 -881,6%
Work perf. by undert.own
purposes..................... 86.880 85.209 -1,9%
Supplementary revenues 108.020 92.425 -14,4%
Exploitational subsidies
Other operating revenues 327
Financial earnings and
profits...................... 128.117 84.613 -34%
Gains in group + assoc.
companies....................
Div.on shares + prof.from
undert.......................
Inc.from negot.secur./other
invest....................... 0 0
Other financial revenues 128.117 84.613 -34%
Extraordinary earnings and
profits...................... 756.833 1.316.614 74%
Earnings and profits 37.780.672 36.405.470 -3,6%
RESULTS :
Operational Results 4.477.615 3.383.570 -24,4%
Financial Results -946.316 -874.511 7,6%
Current Results 3.531.299 2.509.059 -28,9%
Extraordinary Income 670.436 977.066 45,7%
Results Before Taxes 4.201.735 3.486.125 -17%
*** END OF THE REPORT ***
© Coface Serviços Portugal S.A.
Information may vary depending on the country searched and the company type.
Information in this report is for sample purposes only. Individual items included only when available.