|
Report Date : |
27.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
PINGO DOCE-DISTRIBUICAO
ALIMENTAR SA |
|
|
|
|
Registered Office : |
Rua Actor António Silva, 7, 1649-033-Lisboa, Lisboa |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
|
Date of Incorporation : |
24.11.1978 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Trade in food and non-food products, including medicines obtained without
a prescription and, in general, of all FMCG products |
|
|
|
|
No of Employees : |
21,602 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
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 |
|
Name |
PINGO
DOCE-DISTRIBUICAO ALIMENTAR SA |
|
IIC Number |
28810 |
|
V.A.T. Number / NIF |
500829993 |
|
Address |
Rua Actor António Silva, 7 |
|
Locality |
LISBOA |
|
Postal Code |
1649-033-LISBOA |
|
Municipality |
LISBOA |
|
District |
LISBOA |
|
Telephone |
217532000 |
|
Fax |
217532322, 217532030 |
|
E-Mail |
comunicacao@jeronimomartins.pt |
|
Web Site |
www.pingodoce.pt |
|
|
|
|
C.A.E.(Rev 3) |
47111- Retail sale in supermarkets and
hypermarkets |
|
|
2011 |
|
2012 |
|
2013 |
|
Net Sales |
3.144.676.158,75 |
|
3.232.610.874,61 |
|
3.368.984.383,07 |
|
Net Income For the Year |
14.691.336,31 |
|
10.722.226,10 |
|
(1.285.943,34) |
|
Shareholders Funds |
259.397.506,50 |
|
247.119.732,60 |
|
245.736.932,94 |
|
Stocks |
132.317.631,97 |
|
132.802.493,34 |
|
145.540.670,97 |
|
LIABILITY |
1.083.999.176,57 |
|
1.084.418.124,33 |
|
1.049.834.150,69 |
|
ASSETS |
1.343.396.683,07 |
|
1.331.537.856,93 |
|
1.295.571.083,63 |
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 |
Joint Stock Company |
|
Constitution |
24-11-1978 |
|
V.A.T. Number / NIF |
500829993 |
|
Employees |
21602 |
|
Capital |
33.808.115,00 |
|
Sales in : 31-12-2013 |
3.368.984.383,07 |
|
Shareholders Funds in: 31-12-2013 |
245.736.932,94 |
|
Payments |
Good |
|
Actual Condition |
In activity |
Governing Bodies
|
|
Board of Director's |
|
|
MARIA MANUELA DOS SANTOS PAZ FONSECA DE
BARROS |
Administrator |
|
PEDRO MIGUEL DE BARROS RAMALHO LEANDRO |
Delegate Administrator |
|
LUIS FILIPE AGUIAR GOMES DE ARAUJO |
Board of Director's President |
|
|
|
|
Fiscal Board |
|
|
PRICEWATERHOUSECOOPERS &
ASSOCIADOS-SOCIEDADE DE REVISORES OFICIAIS DE CONTAS LDA |
Unique Fiscal |
|
JOSE MANUEL HENRIQUES BERNARDO |
Fiscal Board Substitute |
|
|
|
|
Chair of General Meeting |
|
|
CARLOS MIGUEL MARTINS FERREIRA |
Chair of General Meeting President |
|
HENRIQUE MANUEL DA SILVEIRA E CASTRO
SOARES DOS SANTOS |
Chair of General Meeting Secretary |
|
|
|
|
Boards |
|
|
ANA LUISA ABREU COELHO VIRGINIA |
Financial Director |
|
EDUARDO ALBERTO CID CORREIA |
Comercial Director |
Legal Structure
|
|
Registed on the Register Record Office of
Lisboa in 4ªSecção with the Register Number 500829993 previous number 53740
in 04-06-1979 |
|
Constitution celebrated in 24-11-1978 published
on Diário da República number 19 of 23-01-1979 |
|
To oblige the company it is necessary 2
signature |
|
Changes to Society |
|
In 17-06-2014 on Portal MJ of 18-06-2014
social change Clique
para ver detalhes
|
|
|
In 26-03-2014 on Portal MJ of 23-05-2014
board of director's change |
|
|
In 05-03-2014 on Portal MJ of 23-05-2014
board of director's change |
|
|
In 02-11-2012 on Portal MJ of 05-11-2012
head office change |
|
|
In 13-04-2012 on Portal MJ of 16-04-2012
board of director's change |
Capital
|
|
The Capital is 33.808.115,00 , divided in
6761623 shares , with a nominal value of 5,00 |
|
|
with the following shareholders |
|
JMR-PRESTACAO DE SERVICOS PARA A
DISTRIBUICAO SA |
33.808.115,00 |
100% |
Shareholders / Partners
Companies
|
|
IIC Number |
118201 |
|
NAME |
JMR-PRESTACAO DE SERVICOS PARA A
DISTRIBUICAO SA |
|
Funtion |
Shareholder |
|
Address |
Rua Actor António Silva, nº 7 |
|
Locality |
Lisboa |
|
Telephone |
217532000 |
|
Fax |
217536174 |
|
E-Mail |
jm.dpc@jmd.jeronimo-martins.pt |
|
C.A.E. |
70220- Other areas of consultancy for
business and management |
Activities
|
|
Line of Business |
Percentage |
|
Trade in food and non-food products,
including medicines obtained without a prescription and, in general, of all
FMCG products |
100% |
|
Type of Clients |
Public |
|
Sales Conditions |
Cash |
|
Geographic Distribution
of Sales |
|
|
Internal Market |
|
International
Market |
|
|
Year |
|
EU |
Extra-EU |
Total |
|
|
2013 |
3.368.984.383,07 |
100,00% |
0,00 |
0,00% |
0,00 |
0,00% |
3.368.984.383,07 |
|
|
2012 |
3.232.610.874,61 |
100,00% |
0,00 |
0,00% |
0,00 |
0,00% |
3.232.610.874,61 |
|
|
2011 |
3.144.676.158,75 |
100,00% |
0,00 |
0,00% |
0,00 |
0,00% |
3.144.676.158,75 |
|
|
Geographic
Distribution of Purchases |
|
|
Internal Market |
|
International
Market |
|
|
Year |
|
EU |
Extra-EU |
Total |
|
|
2013 |
2.821.555.374,02 |
100,00% |
- |
- |
- |
- |
2.821.555.374,02 |
|
|
2012 |
2.614.486.848,53 |
100,00% |
- |
- |
- |
- |
2.614.486.848,53 |
|
|
2011 |
2.469.231.837,71 |
100,00% |
- |
- |
- |
- |
2.469.231.837,71 |
|
|
Trade Marks |
|
Pingo Doce |
|
Ultra Pro |
|
Activpet |
|
Skino |
|
Electric Co |
Banks and Financial
Institutions
|
|
BANCO BPI, SA |
|
|
BANCO SANTANDER TOTTA SA |
|
|
BANCO ESPIRITO SANTO, SA |
|
|
MILLENNIUM BCP |
|
|
BANCO BILBAO VIZCAYA ARGENTARIA (PORTUGAL),
SA |
|
Incidents
|
|
Legal Actions |
|
Date |
Process |
Author |
Type |
Amount |
Judicial District |
Court |
Situation |
|
25-07-2014 |
363/14.0TTBRR |
Ana Maria da Silva
Meirinho |
Acção de
Processo Comum |
30.505,00 |
Barreiro -
Tribunal do Trabalho |
|
|
|
23-07-2014 |
2724/14.6TTLSB |
Vanessa Maria
Torres Silva Ramos |
Acção de
Processo Comum |
3.491,59 |
Lisboa -
Tribunal do Trabalho |
|
|
|
11-07-2014 |
2325/14.9TTLSB |
Ana Conceição
Santos Alves |
Acção de
Processo Comum |
5.001,00 |
Lisboa -
Tribunal do Trabalho |
|
|
|
03-07-2014 |
2144/14.2TTLSB |
Cesp-Sindicato
dos Trabalhadores do Comércio, Escritórios e Serviços de Portugal |
Acção de
Processo Comum |
30.000,01 |
Lisboa -
Tribunal do Trabalho |
|
|
|
27-06-2014 |
2961/14.3TBOER |
Sociedade Ponto
Verde – Sociedade Gestora de Resíduos de Embalagens, S. A. |
Acção de
Processo Comum |
3.396.565,84 |
Oeiras -
Tribunal Judicial |
|
|
|
24-06-2014 |
2825/14.0TBSTB |
Maria |
Acção de
Processo Comum |
10.710,23 |
Setúbal -
Tribunal Judicial |
|
|
|
23-06-2014 |
761/14.0T2AMD |
António Manuel
dos Reis |
Acção de
Processo Comum |
5.084,84 |
Comarca da
Grande Lisboa-Noroeste-Juízos da Amadora |
|
|
|
12-06-2014 |
1875/14.1TTLSB |
José Manuel Pereira
Carminhos |
Acção de
Processo Comum |
15.630,69 |
Lisboa -
Tribunal do Trabalho |
|
|
|
21-05-2014 |
1604/14.0TTLSB |
Núria Vanessa
Domingos Barbosa |
Acção de
Processo Comum |
2.044,08 |
Lisboa -
Tribunal do Trabalho |
|
|
|
22-04-2014 |
504/14.8TTPRT |
Centro
Hospitalar do |
Acção p/Cob.Dív.
Saúde |
159,91 |
Porto - Tribunal
do Trabalho |
|
|
|
The subject regists more 131 incidents
between the dates 10-11-2009and 18-03-2014 |
Employees
|
|
Year |
Total |
Men |
Women |
|
|
2013 |
21.602 |
5.824 |
27% |
15.778 |
73% |
|
|
2012 |
22.599 |
5.959 |
26% |
16.640 |
74% |
|
|
2011 |
22.734 |
5.937 |
26% |
16.797 |
74% |
|
Insurance
|
|
Lusitania Companhia Seguros SA |
|
Companhia de Seguros Fidelidade Mundial |
Head Office and Installations
|
|
Head office and office Rua Actor António Silva,
nº 7, LISBOA, 1649-033, LISBOA, Tel:217532000, Fax:217532322 |
|
Had head office Rua Tierno Galvan, Torre 3
- Piso 9 - Letra J, Lisboa, 1099-008, LISBOA |
Participations
|
|
The subject participates on the following
company(ies) |
|
|
|
|
|
NAME |
IMORETALHO-GESTAO DE IMOVEIS SA |
|
Address |
Rua Actor António Silva, 7 - 2º |
|
Locality |
Lisboa |
|
Telephone |
217526600 |
|
Fax |
217532001 |
|
E-Mail |
fernanda.alves@jeronimo-martins.pt |
|
Web Site |
www.jeronimomartins.com |
|
C.A.E. |
68100- Buying and selling of real estate |
|
Capital |
35.000.000,00 |
|
Participation |
95,7% |
|
|
|
|
IIC Number |
28817 |
|
NAME |
SUPERTUR-IMOBILIARIA COMERCIO E TURISMO SA |
|
Address |
Rua Tierno Galvan, Torre 3 - Piso 9 -
Letra J |
|
Locality |
Lisboa |
|
Telephone |
213634900 |
|
C.A.E. |
68100- Buying and selling of real estate |
|
Capital |
5.000.000,00 |
|
Participation |
99,1% |
|
|
|
|
IIC Number |
128910 |
|
NAME |
CASAL DE SAO PEDRO-ADMINISTRACAO DE BENS
SA |
|
Address |
Rua Tierno Galvan, Torre 3 - Piso 9 -
Letra J |
|
Locality |
Lisboa |
|
C.A.E. |
68100- Buying and selling of real estate |
|
Capital |
50.000,00 |
|
Participation |
93,3% |
|
|
|
|
IIC Number |
1318114 |
|
NAME |
GRUPO ALIANCA A.C.E. |
|
Address |
Largo Monterroio Mascarenhas, 1 |
|
Locality |
Campolide |
|
C.A.E. |
70210- Public relations activities and
communication |
|
Participation |
15,2% |
|
|
|
|
IIC Number |
142012 |
|
NAME |
FUNCHALGEST-SOCIEDADE GESTORA DE
PARTICIPACOES SOCIAIS SA |
|
Address |
Entreposto de Santo Amaro - Poço do
Barral, São Martinho |
|
Locality |
Funchal |
|
Telephone |
217532000 |
|
C.A.E. |
64202- Activities of a holding company
non-financial |
|
Capital |
4.987.978,97 |
|
Participation |
1% |
Special Information
|
|
Event |
General Description |
|
Additional |
A titular possui 376 lojas espalhadas por
todo o país |
|
Merge |
Em 01/06/2009, fusão mediante transferência
global do património da firma Feira Nova-Hipermercados SA, para a titular. |
|
Merge |
Em 30.11.2010 fusão mediante transferência
global do património das firmas Bazar Novo-Distribuição de Produtos Não
Alimentares Sociedade Unipessoal Lda e Electric Co.-Distribuição de Produtos
Não Alimentares Sociedade Unipessoal Lda, para a titular. |
|
Quality Certification |
A titular encontra se certificada pela
norma NP EN ISO 9001:2008 no âmbito do Desenvolvimento de marcas próprias e
acompanhamento do produto/fornecedor após lançamento |
|
Foreign Participations |
A titular participa com 88,5% do capital
da firma JERONIMO MARTINS FINANCE COMPANY (2) LTD República da Irlanda |
Financial Demonstration SNC
|
||
|
Balance Sheet
SNC |
||
|
CoinEUROS |
|
Year:2013 |
|
|
||
|
|
2013 |
2012 |
2011 |
% Var.2013/2012 |
|
ASSET |
|
|||||
|
|
|
|
|
|
|
|
|
Non-current assets |
|
|||||
|
|
|
|
|
|
|
|
|
Tangible fixed assets |
391.955.713,36 |
424.403.579,26 |
480.322.291,89 |
(7,65) |
|
|
|
Investment properties |
262.743,97 |
262.743,97 |
262.743,97 |
|
|
|
|
Goodwill |
191.374.711,96 |
192.903.836,10 |
194.523.495,88 |
(0,79) |
|
|
|
Intangible assets |
3.180.110,07 |
2.906.076,83 |
3.420.044,07 |
9,43 |
|
|
|
Financial participations - other methods |
42.810.358,44 |
42.810.358,44 |
42.810.358,44 |
|
|
|
|
Other financial assets |
389.231.000,00 |
382.776.000,00 |
359.343.978,97 |
1,69 |
|
|
|
Deferred tax assets |
6.820.952,38 |
4.911.793,88 |
4.359.914,44 |
38,87 |
|
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|||||
|
|
|
|
|
|
|
|
|
Inventories |
145.540.670,97 |
132.802.493,34 |
132.317.631,97 |
9,59 |
|
|
|
Costumers |
64.931.973,69 |
61.840.112,27 |
57.619.096,41 |
5,00 |
|
|
|
Advances to suppliers |
230.088,49 |
1.535.091,08 |
|
(85,01) |
|
|
|
State and other public entities |
1.902.159,68 |
11.980.327,63 |
11.533.000,20 |
(84,12) |
|
|
|
Shareholders/partners |
2.476.203,44 |
7.171.693,84 |
834.861,10 |
(65,47) |
|
|
|
Other accounts receivable |
22.866.268,05 |
34.636.900,53 |
14.984.651,78 |
(33,98) |
|
|
|
Deferrals |
3.947.691,75 |
4.513.724,66 |
4.766.378,96 |
(12,54) |
|
|
|
Cashier and bank deposits |
28.040.437,38 |
26.083.125,10 |
36.298.234,99 |
7,50 |
|
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL ASSET |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SHAREHOLDERS FUNDS AND LIABILITIES |
|
|||||
|
|
|
|
|
|
|
|
|
SHAREHOLDERS FUNDS |
|
|||||
|
|
|
|
|
|
|
|
|
Capital |
33.808.115,00 |
33.808.115,00 |
33.808.115,00 |
|
|
|
|
Other shareholders funds instruments |
190.000.000,00 |
190.000.000,00 |
190.000.000,00 |
|
|
|
|
Emission premiuns |
3.681.833,46 |
3.681.833,46 |
3.681.833,46 |
|
|
|
|
Legal reserves |
6.761.623,00 |
6.761.623,00 |
6.761.623,00 |
|
|
|
|
Other reserves |
2.061.084,48 |
2.145.935,04 |
10.454.598,73 |
(3,95) |
|
|
|
Net retained |
10.710.220,34 |
|
|
|
|
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income for the period |
(1.285.943,34) |
10.722.226,10 |
14.691.336,31 |
(111,99) |
|
|
|
TOTAL OF SHAREHOLDERS FUNDS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITY |
|
|||||
|
|
|
|
|
|
|
|
|
Non-current liiabilities |
|
|||||
|
|
|
|
|
|
|
|
|
Provisions |
50.954.623,60 |
27.881.984,73 |
18.015.793,21 |
82,75 |
|
|
|
Financing obtained |
|
80.536.913,00 |
80.536.913,00 |
|
|
|
|
Responsability for post-employment
beneficts |
1.347.029,00 |
1.252.727,23 |
1.300.315,00 |
7,53 |
|
|
|
Diferred taxes liabilities |
|
|
691.276,59 |
|
|
|
|
Other payable accounts |
835.761,41 |
3.187.002,21 |
10.764.238,06 |
(73,78) |
|
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current liabilities |
|
|||||
|
|
|
|
|
|
|
|
|
Suppliers |
599.367.861,54 |
550.462.918,03 |
595.728.046,69 |
8,88 |
|
|
|
Advances from costumers |
689.616,25 |
646.842,99 |
549.341,98 |
6,61 |
|
|
|
State and other public entities |
31.552.305,35 |
33.078.204,72 |
22.403.512,43 |
(4,61) |
|
|
|
Shareholders/partners |
1.015.011,95 |
1.242.447,56 |
989.897,36 |
(18,31) |
|
|
|
Financing obtained |
268.318.912,97 |
305.439.999,97 |
243.954.999,97 |
(12,15) |
|
|
|
Other payable accounts |
93.305.346,08 |
78.533.018,80 |
106.553.448,23 |
18,81 |
|
|
|
Deferrals |
2.447.682,54 |
2.156.065,09 |
2.511.394,05 |
13,53 |
|
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL SHAREHOLDERS FUNDS AND LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
INCOME STATEMENT |
|
|||||
|
|
|
|
|
|
|
|
|
INCOME AND EXPENSES |
|
|||||
|
|
|
|
|
|
|
|
|
Sales and services |
3.368.984.383,07 |
3.232.610.874,61 |
3.144.676.158,75 |
4,22 |
|
|
|
Gains/losses allocated subsidiaries,
associates and joint ventures |
19.118.127,00 |
37.261.438,02 |
9.152.875,00 |
(48,69) |
|
|
|
Variation in production inventories |
32.073,15 |
29.899,72 |
30.336,64 |
7,27 |
|
|
|
Cost of goods sold and materials consumed |
2.804.688.475,45 |
2.612.944.499,79 |
2.471.759.017,94 |
7,34 |
|
|
|
Suppliers and external services |
413.964.355,54 |
418.467.344,94 |
436.155.709,18 |
(1,08) |
|
|
|
Personnel costs |
287.184.285,85 |
301.239.658,29 |
289.763.235,12 |
(4,67) |
|
|
|
Impairment of inventories
(losses/revearsals) |
4.130.894,37 |
1.057.050,45 |
377.022,76 |
290,79 |
|
|
|
Impairment of receivables
(losses/revearsals) |
(187.543,53) |
(36.712,92) |
671.209,09 |
410,84 |
|
|
|
Provisions (increases/reductions) |
567.451,04 |
115.889,02 |
563.129,00 |
389,65 |
|
|
|
Other income and gains |
259.073.012,73 |
192.405.515,81 |
169.400.401,79 |
34,65 |
|
|
|
Other expenses and losses |
58.750.841,31 |
39.368.459,91 |
24.838.948,40 |
49,23 |
|
|
|
Result before depreciation, financing
costs and taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses/reversals of depreciation and
amortization |
78.786.687,64 |
81.998.428,63 |
78.841.614,04 |
(3,92) |
|
|
|
Operating result (before financing costs
and taxes) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
interest and similar expenses incurred |
3.594.802,98 |
4.008.616,27 |
5.571.377,31 |
(10,32) |
|
|
|
Net before taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax of the period |
(2.986.711,36) |
(7.577.732,32) |
27.173,03 |
(60,59) |
|
|
RATIOS SNC
|
|
Closing Date |
2013 |
2012 |
2011 |
|
|
|
|
|||||
|
TURNOVER RATIOS |
|
|||||
|
Shareholder's Funds Profitability |
(0,005) |
0,043 |
0,057 |
|
|
|
|
Assets Profitability |
(0,001) |
0,005 |
0,015 |
|
|
|
|
Sales Net Profitability |
|
0,003 |
0,005 |
|
|
|
|
|
|
|||||
|
EFFICIENCY RATIOS |
|
|||||
|
Medium Term Receivable |
7,035 |
6,982 |
6,688 |
|
|
|
|
Asset Rotation |
2,6 |
2,428 |
2,341 |
|
|
|
|
|
|
|||||
|
PRODUCTIVITY RATIOS |
|
|||||
|
Productivity |
1,965 |
2,057 |
2,322 |
|
|
|
|
|
|
|||||
|
SHORT TERM RATIOS |
|
|||||
|
General Liquidity |
0,271 |
0,289 |
0,266 |
|
|
|
|
Reduced Liquidity |
0,125 |
0,152 |
0,13 |
|
|
|
|
Immediate Liquidity |
0,028 |
0,027 |
0,037 |
|
|
|
|
|
|
|||||
|
MEDIUM LONG TERM RATIOS |
|
|||||
|
Financial Autonomy |
0,19 |
0,186 |
0,193 |
|
|
|
|
Solvability |
0,234 |
0,228 |
0,239 |
|
|
|
|
Borrowed Capital Structure |
0,949 |
0,896 |
0,897 |
|
|
|
|
General Debt |
1,092 |
1,562 |
1,251 |
|
|
|
|
Medium Long Term Debt |
|
0,326 |
0,31 |
|
|
|
|
Debt Structure |
0,949 |
0,896 |
0,897 |
|
|
|
|
Capital Structure |
4,625 |
2,19 |
2,33 |
|
|
|
|
|
|
|||||
|
Operational and Financial Risk |
|
|||||
|
Operational Leverage Level |
(832,477) |
86,629 |
33,165 |
|
|
|
|
Financial Leverage Level |
0,159 |
2,275 |
1,379 |
|
|
|
|
Combined Leverage Level |
(132,364) |
197,081 |
45,735 |
|
|
|
CASH FLOW STATEMENT
|
|
Rubrics |
2013 |
2012 |
PERIODS |
|
CASH FLOWS FROM OPERATIONAL ACTIVITIES |
|
|
|
|
Customers receipts |
3.845.010.917,84 |
3.709.072.709,80 |
3,67% |
|
Payments to suppliers |
2.802.327.918,26 |
2.783.704.625,47 |
0,67% |
|
Payments to employees |
289.519.351,41 |
298.652.986,21 |
(3,06)% |
|
Cash at bank generated from operations |
753.163.648,17 |
626.715.098,12 |
20,18% |
|
Payment/receipt of income tax |
21.152.960,50 |
(597.160,64) |
3.642,26% |
|
Other receipts/payments |
(633.688.952,24) |
(629.666.007,07) |
(0,64)% |
|
Cash Flows from Operational Activities (A) |
140.627.656,43 |
(3.548.069,59) |
4.063,50% |
|
CASH FLOWS' INVESTMENT ACTIVITIES |
|
|
|
|
Payments regarding: |
|
|
|
|
Fixed tangible assets |
32.009.731,16 |
52.628.655,15 |
(39,18)% |
|
Intangible assets |
1.150.583,87 |
473.246,73 |
143,13% |
|
Financial investments |
- |
28.420.000,00 |
- |
|
Other assets |
- |
- |
- |
|
Receipts from: |
|
|
|
|
Fixed tangible assets |
2.529.281,82 |
2.264.570,29 |
11,69% |
|
Intangible assets |
- |
- |
- |
|
Financial investments |
- |
- |
- |
|
Other assets |
595.000,00 |
- |
- |
|
Investment subsidies |
- |
- |
- |
|
Interest and similar income |
- |
- |
- |
|
Dividends |
19.118.127,00 |
37.261.438,02 |
(48,69)% |
|
Cash Flows' Investments Activities (B) |
(10.917.906,21) |
(41.995.893,57) |
74,00% |
|
CASH FLOWS' INVESTMENT ACTIVITIES |
|
|
|
|
Receipts from: |
|
|
|
|
Obtained financing |
- |
68.072.126,82 |
- |
|
Paying-up of capital and other equity
instruments |
- |
- |
- |
|
Coverage of losses |
- |
- |
- |
|
Donations |
- |
- |
- |
|
Other financing operations |
7.328.897,10 |
6.488.398,44 |
12,95% |
|
Payments regarding: |
|
|
|
|
Obtained financing |
116.776.019,85 |
- |
- |
|
Interests and similar expenses |
18.305.315,19 |
16.231.671,04 |
12,78% |
|
Dividends |
- |
22.999.999,96 |
- |
|
Capital's redution and other equity
instruments |
- |
- |
- |
|
Other financing operations |
- |
- |
- |
|
Cash Flows' Financing Activities © |
(127.752.437,94) |
35.328.854,26 |
(461,61)% |
|
Variation in cash at bank and its
equivalents (A+B+C) |
1.957.312,28 |
(10.215.108,90) |
119,16% |
|
Effect of exchange differences |
- |
- |
- |
|
Cash at bank and its equivalents at the
start of period |
26.083.125,10 |
36.298.234,00 |
(28,14)% |
|
Cash at bank and its equivalents at the
end of period |
28.040.437,38 |
26.083.125,10 |
7,50% |
CASH FLOWS
|
|
|
Movimentos do
Periodo de 2013 |
|||
|
Rubrics |
Initial balance |
Debits |
Credits |
Final balance |
|
PERIOD'S CARRYING AMOUNT AND MOVEMENTS |
|
|||
|
Cash in hand |
1.774.052,42 |
957.348,19 |
1.114.677,30 |
1.616.723,31 |
|
Order deposits |
24.291.666,37 |
13.956.458.884,63 |
13.954.344.243,24 |
26.406.307,76 |
|
Other bank deposits |
17.406,31 |
5.300.000,00 |
5.300.000,00 |
17.406,31 |
|
Total cash at bank and bank deposits |
26.083.125,10 |
13.962.716.232,82 |
13.960.758.920,54 |
28.040.437,38 |
|
Of which: Bank deposits abroad |
- |
- |
- |
0,00 |
|
Rubrics |
Value |
|
OTHER INFORMATION |
|
|
Receipts from: |
|
|
Non-life insurance claims |
- |
|
Operating subsidies |
- |
|
Cash at bank and its equivalents not
available for use |
- |
ASSETS IMPAIRMENT
|
|
|
Movimentos do
Periodo de 2013 |
|||||
|
|
Impairment
losses |
Impairment
losses reversals |
||||
|
Rubrics |
Recognized in
profit and loss |
Recognized in
Equity |
Total |
Recognized in
profit and loss |
On revalued
assets recognized in equity |
Total |
|
Individual assets |
|
|||||
|
Fixed tangible assets |
0,00 |
- |
- |
0,00 |
- |
- |
|
Goodwill |
0,00 |
0,00 |
- |
- |
0,00 |
0,00 |
|
Intangible assets |
0,00 |
- |
- |
0,00 |
- |
- |
|
Investment properties (cost model) |
0,00 |
0,00 |
- |
0,00 |
0,00 |
- |
|
Investments in progress |
0,00 |
0,00 |
- |
0,00 |
0,00 |
- |
|
Financial investments |
0,00 |
0,00 |
- |
0,00 |
0,00 |
- |
|
TOTAL |
|
|
|
|
|
|
|
of which: cash-generating units |
0,00 |
0,00 |
- |
0,00 |
0,00 |
- |
GOVERNMENT GRANTS AND GOVERNMENT ASSISTANCE
|
|
|
Grants from State
and other public bodies |
Grants from
other entities |
||
|
Rubrics |
Value assigned
in the period or in previous periods |
Value attributed
to the period |
Value assigned
in the period or in previous periods |
Value attributed
to the period |
|
Grants related to assets/investment: |
0,00 |
0,00 |
0,00 |
0,00 |
|
Fixed tangible assets |
0,00 |
0,00 |
0,00 |
0,00 |
|
Land and Natural Resources |
- |
- |
- |
- |
|
Buildings and other structures |
- |
- |
- |
- |
|
Basic equipment |
- |
- |
- |
- |
|
Transport equipment |
- |
- |
- |
- |
|
Office equipment |
- |
- |
- |
- |
|
Biological equipment |
- |
- |
- |
- |
|
Others |
- |
- |
- |
- |
|
Intangible assets |
0,00 |
0,00 |
0,00 |
0,00 |
|
Development projects |
- |
- |
- |
- |
|
Computer programmes |
- |
- |
- |
- |
|
Industrial property |
- |
- |
- |
- |
|
Others |
- |
- |
- |
- |
|
Other assets |
- |
- |
- |
- |
|
Grants related to income / operating |
- |
- |
- |
- |
|
Value of repayments in the period: |
0,00 |
0,00 |
0,00 |
0,00 |
|
Grants related to assets/investment |
- |
- |
- |
- |
|
Grants related to income / operating |
- |
- |
- |
- |
|
TOTAL |
0,00 |
0,00 |
0,00 |
0,00 |
IMPAIRMENT LOSSES IN FINANCIAL ASSETS AT COST OR AT AMORTIZED COST
|
|
|
Movimentos do
Periodo de 2013 |
||
|
Rubrics |
Impairment
losses |
Impairment
losses reversals |
Total |
|
Receivable debts from customers |
4.857,22 |
17.306,22 |
(12.449,00) |
|
Other receivables |
- |
175.094,53 |
(175.094,53) |
|
Equity instruments and other securities |
- |
- |
0,00 |
|
Others |
- |
- |
0,00 |
|
TOTAL |
4.857,22 |
192.400,75 |
(187.543,53) |
DEBTS REGISTERED AS DOUBTFUL
|
|
Rubrics |
Value |
|
Regarding insolvency and company recovery procedures
or enforcement procedures |
- |
|
Claimed in court |
- |
|
In arrears: |
3.836.434,17 |
|
Over six months and up to twelve months |
190.842,80 |
|
Over twelve months and up to eighteen
months |
6.380,44 |
|
Over eighteen months and up to twenty four
months |
169.494,69 |
|
Over twenty four months |
3.469.716,24 |
|
TOTAL |
3.836.434,17 |
EMPLOYEE BENEFITS, COMPANY EMPLOYEES AND PERSONNEL COSTS
|
|
|
|
Rubrics |
Average number
of employees |
Average number
of hours worked |
|
Company employees, paid and unpaid |
21.602 |
34.472.450 |
|
Paid company employees |
21.602 |
34.472.450 |
|
Company UNPAID employees |
0 |
0 |
|
Company employees, by type of working hours |
|
|
|
Full time company employees |
17.680 |
28.267.409 |
|
Of which: Full time company employees |
17.680 |
28.267.409 |
|
Part time company employees |
3.922 |
6.205.041 |
|
Of which: Part time company employees |
3.922 |
6.205.041 |
|
Company employees, by gender: |
|
|
|
Men |
5.824 |
9.293.933 |
|
Women |
15.778 |
25.178.517 |
|
Company employees, of which: |
|
|
|
Company employees assigned to Research and
Development |
- |
- |
|
Service providers |
- |
- |
|
People placed through temporary employment
agencies |
- |
- |
Staff costs
|
|
|
|
Rubrics |
Value |
|
Staff costs |
287.184.285,85 |
|
Governance Bodies Remuneration |
- |
|
Of which: Profit-sharing |
- |
|
Employees remuneration |
231.962.694,91 |
|
Of which: Profit-sharing |
- |
|
Post-employment benefits |
54.347,00 |
|
Pension premiums |
54.347,00 |
|
Other benefits |
- |
|
Of which: |
|
|
For defined contribution plans - corporate
bodies |
- |
|
For defined contribution plans - others |
- |
|
Compensations |
91.305,96 |
|
Charges on remunerations |
48.492.432,34 |
|
Insurance for accidents at work and
professional diseases |
2.912.919,64 |
|
Social security expenses |
934.253,41 |
|
Other staff costs |
2.736.332,59 |
|
Of which: |
|
|
Expenditure on education |
8.296,00 |
|
Expenditure on uniforms |
1.095.446,92 |
INFORMATION BY GEOGRAPHIC
MARKETS
|
|
|
Geographic
markets |
|||
|
Rubrics |
Internal |
EU |
Extra-EU |
Total |
|
Sales |
3.366.354.867,37 |
- |
- |
3.366.354.867,37 |
|
Services provided |
2.629.515,70 |
- |
- |
2.629.515,70 |
|
Purchases |
2.821.555.374,02 |
- |
- |
2.821.555.374,02 |
|
Supplies and external services |
413.964.355,54 |
- |
- |
413.964.355,54 |
|
Acquisition of fixed tangible assets |
50.517.384,43 |
- |
- |
50.517.384,43 |
|
Acquisition of investment properties |
- |
- |
- |
0,00 |
|
Acquisition of intangible assets |
1.150.583,87 |
- |
- |
1.150.583,87 |
|
Supplementary income: |
212.519.576,08 |
0,00 |
0,00 |
212.519.576,08 |
|
Social services |
- |
- |
- |
0,00 |
|
Equipment rental |
- |
- |
- |
0,00 |
|
Studies, projects and technological
assistance |
- |
- |
- |
0,00 |
|
Royalities |
- |
- |
- |
0,00 |
|
Others |
212.519.576,08 |
- |
- |
212.519.576,08 |
|
Memorandum: Sales and services provided
(undiscounted values) |
- |
- |
- |
0,00 |
|
Memorandum: Purchases and supplies and
external services (undiscounted values) |
- |
- |
- |
0,00 |
RECEIVABLE AND PAYABLE ACCOUNTS
|
|
Rubrics |
2013 |
2012 |
PERIODS |
|
Customers |
|
|
|
|
Trade accounts receivable |
66.935.447,75 |
63.994.710,12 |
4,60% |
|
Trade notes receivable |
- |
- |
- |
|
Advances received from customers |
689.616,25 |
646.842,99 |
6,61% |
|
Suppliers |
|
|
|
|
Trade accounts payable |
595.844.248,01 |
543.176.444,77 |
9,70% |
|
Trade notes payable |
- |
- |
- |
|
Trade accounts payable - unchecked
invoices |
3.523.613,53 |
7.286.473,26 |
(51,64)% |
|
Advances to suppliers |
230.088,49 |
1.535.091,08 |
(85,01)% |
|
Staff |
|
|
|
|
Payable remunerations |
31.906,64 |
30.823,58 |
3,51% |
|
Advanced payments |
174.374,02 |
2.811,01 |
6.103,25% |
|
Bonds |
- |
- |
- |
|
Other operations |
- |
- |
- |
|
State and other public sector institutions |
|
|
|
|
Income Tax |
240.114,19 |
240.114,19 |
0,00% |
|
Deductible IVA (debt cumulative amounts) |
461.431.367,61 |
468.345.257,06 |
(1,48)% |
|
Paid IVA (credit cumulative amounts) |
601.958.101,36 |
566.734.842,18 |
6,22% |
|
Shareholders / partners |
|
|
|
|
Shareholders with subscription |
- |
- |
- |
|
Unreleased quotas |
- |
- |
- |
|
Advances for profits |
- |
- |
- |
|
Allocated results |
|
|
|
|
From the perspective of the entity
distributing profits |
- |
- |
- |
|
From the perspective of the entity with
allocated profits |
- |
- |
- |
|
Available profits |
|
|
|
|
From the perspective of the entity distributing
profits |
- |
- |
- |
|
From the perspective of the entity with
allocated profits |
- |
- |
- |
|
Granted loans - parent company |
- |
- |
- |
|
Granted loans - subsidiary companies,
associated companies and joint ventures |
- |
- |
- |
|
Granted loans - other
shareholders/partners |
- |
- |
- |
|
Of which: Participating companies |
- |
- |
- |
|
Other operations |
|
|
|
|
Debit status |
2.476.203,44 |
7.171.693,84 |
(65,47)% |
|
Credit status |
1.015.011,95 |
1.242.447,56 |
(18,31)% |
|
Other receivable and payable accounts |
|
|
|
|
Investment providers - general accounts |
15.643.399,88 |
13.603.876,86 |
14,99% |
|
Trade accounts payable - unchecked
invoices |
- |
- |
- |
|
Advanced payments to investment providers |
- |
- |
- |
|
additional income - Debtors |
3.118.149,42 |
3.239.206,56 |
(3,74)% |
|
additional expenses - Creditors |
65.359.291,97 |
65.197.665,97 |
0,25% |
|
Deferred tax assets |
6.820.952,38 |
4.911.793,88 |
38,87% |
|
Deferred tax liabilities |
- |
- |
- |
|
Unreleased subscriptions - Creditors |
- |
- |
- |
|
Advances received on account of sales |
- |
- |
- |
|
Other debtors and creditors |
|
|
|
|
Other debtors |
22.585.959,78 |
34.546.110,23 |
(34,62)% |
|
Other creditors |
1.578.097,02 |
964.916,10 |
63,55% |
EXPENSE ACCOUNTS
|
|
Rubrics |
2013 |
2012 |
PERIODS |
|
Supplies and external services |
413.964.355,54 |
418.467.344,94 |
(1,08)% |
|
Subcontracts |
- |
- |
- |
|
Specialized services |
229.484.323,51 |
233.323.921,59 |
(1,65)% |
|
Specialized works |
158.770.904,85 |
157.975.230,46 |
0,50% |
|
Of which: Payments to workers placed
through agencies |
- |
- |
- |
|
Advertising and promotion |
14.480.825,68 |
16.671.394,28 |
(13,14)% |
|
Surveillance and security |
17.032.613,72 |
16.505.526,65 |
3,19% |
|
Fees |
655.651,24 |
670.873,19 |
(2,27)% |
|
Comissions |
- |
- |
- |
|
Maintenance and repairs |
13.793.382,57 |
14.833.273,59 |
(7,01)% |
|
Others |
24.750.945,45 |
26.667.623,42 |
(7,19)% |
|
Materials |
3.792.528,10 |
3.888.187,54 |
(2,46)% |
|
Fast wear tools and utensils |
2.652.055,26 |
2.640.162,40 |
0,45% |
|
Books and technical documentation |
1.960,55 |
5.459,93 |
(64,09)% |
|
Office material |
1.037.975,49 |
949.624,85 |
9,30% |
|
Gift items |
100.536,80 |
292.940,36 |
(65,68)% |
|
Others |
- |
- |
- |
|
Energy and fluids |
47.270.404,64 |
49.509.268,85 |
(4,52)% |
|
Electricity |
41.875.913,32 |
43.568.315,50 |
(3,88)% |
|
Fuels |
250.554,17 |
277.501,40 |
(9,71)% |
|
Water |
4.348.245,08 |
4.927.616,94 |
(11,76)% |
|
Others |
795.692,07 |
735.835,01 |
8,13% |
|
Travel, lodging and transportation |
894.533,52 |
835.593,61 |
7,05% |
|
Travel and lodging |
161.630,79 |
224.158,61 |
(27,89)% |
|
Transport of personnel |
73.486,86 |
67.661,89 |
8,61% |
|
Transport of goods |
659.415,87 |
543.773,11 |
21,27% |
|
Others |
- |
- |
- |
|
Different services |
132.522.565,77 |
130.910.373,35 |
1,23% |
|
Rents and leases |
99.875.585,00 |
97.846.660,63 |
2,07% |
|
Of which: Rents from land |
- |
- |
- |
|
Communication |
1.734.665,00 |
1.750.551,82 |
(0,91)% |
|
Insurance |
1.731.443,77 |
1.844.900,88 |
(6,15)% |
|
Royalties |
19.169.659,00 |
18.466.016,00 |
3,81% |
|
Litigation and Notaries |
13.795,96 |
127.639,36 |
(89,19)% |
|
Representation expenses |
1.035,00 |
7.026,05 |
(85,27)% |
|
Cleaning, hygiene and comfort |
9.996.382,04 |
10.867.578,61 |
(8,02)% |
|
Other services |
- |
- |
- |
Deliberation of Approval of
Accounts
|
|
Were the financial year's accounts
approved? |
|
|
YES |
|
|
Data da Aprovação: 26-03-2014 |
|
|
By (Unanimity/Majority): |
|
|
Unanimity |
|
|
Percentage of issued votes related to the share capital subscribed
with voting right |
|
|
100 |
|
|
The accounts were approved: |
|
|
In universal meeting |
|
|
Through deliberation by writing vote |
|
|
The accounts were approved: |
|
|
In International Accounting Standards
(NIC) |
|
PROFIT APLICATION ACCORDING TO THE DELIBERATION THAT APPROVED THE
FINANCIAL YEAR'S ACCOUNTS
|
|
Rubrics |
2013 |
2012 |
|
Retained earnings |
(1.285.943,34) |
10.722.226,10 |
|
Allocated results / Available profits |
- |
- |
|
Percentages or bonuses to managing bodies |
- |
- |
|
Ditto to staff |
- |
- |
|
Reserves |
- |
- |
|
Coverage of losses |
- |
- |
|
7. Others |
- |
- |
|
BALANCE (1-2-3-4-5-6-7) |
(1.285.943,34) |
10.722.226,10 |
Management Report / Assessment of the Inspection Body / Legal
Certification of Accounts
|
|
MANAGEMENT REPORT |
|
|
Were the Management Report and financial
year's accounts prepared? |
|
|
YES |
|
|
Were the management report and the financial year's accounts signed by
all members of the management / administration? |
|
|
YES |
|
|
ASSESSMENT OF THE INSPECTION BODY |
|
|
The entity has an inspection body? |
|
|
YES |
|
|
Has the inspection body issued an assessment? |
|
|
YES |
|
|
The inspection body pronounced: |
|
|
In favour of the approval of accounts |
|
|
LEGAL CERTIFICATION OF ACCOUNTS (CLC) |
|
|
Is the entity required to have certified accounts by a Statutory Auditor/Statutory
Audit Firm? |
|
|
YES |
|
|
Identificação do ROC: 506628752 |
|
|
Was the Legal certification of accounts issued? |
|
|
YES |
|
|
Without reservation and without emphasis |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.50 |
|
UK Pound |
1 |
Rs.100.33 |
|
Euro |
1 |
Rs.79.91 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SMN |
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.