SkyMinder.com Credit Report

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.


================================================================================
                    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
================================================================================
                                 IDENTIFICATION                                 
================================================================================
                  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

================================================================================
                               CREDIT EVALUATION                               
================================================================================
               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                                             
                      



================================================================================
                                   SYNTHESIS                                   
================================================================================
    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

================================================================================
                         ESTABLISHMENT AND ALTERATIONS                         
================================================================================
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

================================================================================
                                    HISTORY                                    
================================================================================
                                                                                

================================================================================
Preceding Installations                                                         
================================================================================
              Warehouse Rua  Melo Falcão, Nr. 32 1ºEsqº, Lisboa
                        1000-000 LISBOA
              Warehouse Avenida  5 de Outubro Nr. 23-A , Lisboa
                        1000-000 LISBOA

================================================================================
                              ECONOMIC ACTIVITIES                              
================================================================================
         CAE  24301 Manufacturing of paints,varnishes, mastics and similar
                    products
                                                                                

================================================================================
                              MAIN ORIGIN MARKETS                              
================================================================================
           National Centro, South
      International United Kingdom, France, Germany

================================================================================
                            MAIN DESTINATION MARKETS                            
================================================================================
           National All Country
      International S.Tome Principe, Angola, Cape Verde

================================================================================
                                MAIN TRADEMARKS                                
================================================================================
                Own MODELTINTA, VERNIZMODEL, PAINTINGWELL

================================================================================
                              MAIN REPRESENTATIONS                              
================================================================================
PAINTING MODEL, LTD United Kingdom

================================================================================
                         HEAD-OFFICE AND OTHER PREMISES                         
================================================================================
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


================================================================================
                                    CAPITAL                                    
================================================================================
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

================================================================================
                                    VEHICLES                                    
================================================================================
              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                                                    

================================================================================
                                   INSURANCES                                   
================================================================================
               Fire Imperio Bonança
                    997.595,79 EUR
         Multi Risk Imperio Bonança
    Vehicles Insur. Tranquilidade

================================================================================
                                 REAL PROPERTY                                 
================================================================================
Factory:                                                                        
                    Rua LiberdadeLt. 3
                    Brandoa-Amadora
                    2650-202 AMADORA
             Value  498.797,90 EUR

================================================================================
                                 ECONOMIC DATA                                 
================================================================================
                                        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 


================================================================================
                                   PERSONNEL                                   
================================================================================
           Senior staff 6 
           Medium staff 15 
   Administrative staff 34 
            Commercials 11 
             Production 192 
                 Others 11 
                  Total 269 

================================================================================
                            FINANCIAL PARTICIPATION                            
================================================================================
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


================================================================================
                            BOARD OF ADMINISTRATION                            
================================================================================
           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

================================================================================
                       SUPERVISORY BOARD/OFFICIAL AUDITOR                       
================================================================================
           Chairman JAIME VIEIRA SANTOS MODELO
      Vice-Chairman EDUARDO GUILHERME MODELO
  Offic.Acc.Revisor JOSE ANTONIO DE ALMEIDA

================================================================================
                                GENERAL ASSEMBLY                                
================================================================================
           Chairman FILIPE MODELO GONÇALVES
      Vice-Chairman MANUEL MODELO DOS SANTOS
          Secretary TIAGO LUIS MODELO FERREIRA

================================================================================
                                    PROXIES                                    
================================================================================
JOSE HENRIQUE MODELO GASPAR                                                     

================================================================================
                               BOARD OF DIRECTORS                               
================================================================================
 Financial Director DR. MANUEL NUNES MODELO
Commercial Director ENGº GUILHERME DOS SANTOS MODELO
    Manuf. Director ENGº ALBERTO JACINTO MODELO

================================================================================
                               PARTNER COMPANIES                               
================================================================================
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


================================================================================
                          LAWSUITS & PROTESTS REGISTER                          
================================================================================
NO INCIDENTS ARE RECORDED IN OUR DATABASE                                       

================================================================================
                              INVESTMENT PROJECTS                              
================================================================================
           Starting 2002-09-01
             Ending 2005-12
   Estimated amount 997.595,79 EUR
    Type of project Construction of a Building
            Purpose Future factory premises


================================================================================
                                   FINANCINGS                                   
================================================================================
      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


================================================================================
                              QUALITY CERTIFICATE                              
================================================================================
        Certificate N.95 / CEP. 789
           Standard ISO 9 002
          Issued by Instituto Portugues da Qualidade


================================================================================
                                  STOCK MARKET                                  
================================================================================
Listed on the Lisbon Euronext                                                   

================================================================================
                                     BANKS                                     
================================================================================
Banco Espirito Santo                    Conde Barão
Millennium bcp                          Rua do Ouro
Caixa Geral de Depositos                Calhariz

================================================================================
                              ALARMING OCCURENCES                              
================================================================================
         2003-11-05 A fire broke out at subject's premises located at
                    Rua Sacadura Cabral, 89, Guimarães

================================================================================
                               SYNTHETIC BALANCE                               
================================================================================
                                               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%
  

================================================================================
                        ABRIDGED PROFIT AND LOSS ACCOUNT                        
================================================================================
                                               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.