MIRA
INFORM REPORT
|
Report Date : |
01.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
ELSPEC |
|
|
|
|
Registered Office : |
Zona Industrial, Fase 1 - Quelha Monte Nascente, Pavilhão 3, Chafe, Postal Code 4935-589-Chafe, Viana Do Castelo |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
|
Date of Incorporation : |
15.10.2002 |
|
|
|
|
Com. Reg. No.: |
505895145 |
|
|
|
|
Legal Form : |
One Man Company |
|
|
|
|
Line of Business : |
·
Engaged
in developed, manufactured and marketed proven power quality solutions along
with state of the art electrical network analysis technologies. Manufacturer of
motors, generators and transformers |
|
|
|
|
No of Employees : |
12 (2013) |
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 : |
Slow but Correct |
|
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Portugal |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
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 |
ELSPEC PORTUGAL SOCIEDADE UNIPESSOAL LDA |
|
V.A.T. Number / NIF |
505895145 |
|
Address |
Zona Industrial, Fase 1 - Quelha Monte Nascente, Pavilhão 3 |
|
Locality |
Chafe |
|
Postal Code |
4935-589-CHAFE |
|
Municipality |
VIANA DO CASTELO |
|
District |
VIANA DO CASTELO |
|
Telephone |
258351920 |
|
Fax |
258835607 |
|
Web Site |
|
|
|
|
|
C.A.E.(Rev 3) |
·
Engaged
in developed, manufactured and marketed proven power quality solutions along
with state of the art electrical network analysis technologies. Manufacturer
of motors, generators and transformers |
Financial Highlights
|
|
2011 |
|
2012 |
|
2013 |
|
Net Sales |
1.697.471,52 |
|
1.710.154,44 |
|
1.131.892,49 |
|
Net Income For the Year |
(1.666,64) |
|
19.769,30 |
|
(2.410,58) |
|
Shareholders Funds |
375.584,74 |
|
395.354,04 |
|
392.943,46 |
|
Stocks |
522.247,70 |
|
391.067,50 |
|
479.256,01 |
|
LIABILITY |
519.018,67 |
|
353.662,66 |
|
452.012,42 |
|
ASSETS |
894.603,41 |
|
749.016,70 |
|
844.955,88 |
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 |
One Man Company |
|
Constitution |
15-10-2002 |
|
V.A.T. Number / NIF |
505895145 |
|
Employees |
12 (2013) |
|
Capital |
222.440,00 |
|
Sales in : 31-12-2013 |
1.131.892,49 |
|
Shareholders Funds in: 31-12-2013 |
392.943,46 |
|
Payments |
Good |
|
Actual Condition |
In activity |
Management Bodies
|
ANTONIO PAULO SANTOS |
Manager |
|
YORAM HARARY |
Manager |
|
BOAZ GOLDSCHMIDT |
Manager |
Legal Structure |
|
Registed on the
Register Record Office of Viana do Castelo with the Register Number 505895145
previous number 3525 in 14-08-2003 |
|
Constitution
celebrated in 15-10-2002 published on Diário da República number 249 of
28-10-2002 |
|
To oblige the
company it is necessary 3 signature |
Changes to Society |
|
In 03-07-2003 on
Diário da República number 261 of 11-11-2003 increase of capital Clique
para ver detalhes de 5.000 euros,
para 222.440 euros e alteração de sede social. |
|
In 21-02-2002 on
Diário da República number 190 of 19-08-2003 appointment of management |
Capital |
|
The Capital is 222.440,00 |
|
|
with the
following distribution |
|
ELSPEC ENGINNERING LTD |
222.440,00 |
100% |
Biographies
|
|
|
|
Name |
Eng. ANTONIO PAULO SANTOS |
|
Function |
Manager |
|
Address |
Avenida da Pedra Verde, 350 |
|
Locality |
Sao Mamede De Infesta |
|
Birth Date |
17-02-1967 |
|
Civil State |
Married |
|
Academical Degree |
Licenciado em Engenharia Electrotécnica |
|
Previous Connections |
Exerceu a sua actividade como empresário em nome individual. |
|
Professional Connections |
The subject has connections with the following company (ies) |
|
|
PLANETA VIRTUAL-TECNOLOGIAS DE INFORMACAO LDA as Partner with a participation
of 10.000,00 , in a capital of 340.000,00 . |
|
|
FACTOR DE POTENCIA-ENGENHARIA E SISTEMAS INDUSTRIAIS LDA as
Managing-Partner with a participation of 60.000,00 , in a capital of
60.000,00 . |
|
|
GLOBALMEDIA-SERVICOS GLOBAIS DE INFORMACAO MULTIMEDIA LDA as Partner
with a participation of 5.400,00 , in a capital of 270.000,00 . |
|
|
|
|
|
|
|
Name |
Eng. YORAM HARARY |
|
Function |
Manager |
|
Address |
4 HaShoam Street, Caesarea, -- 38900 - Israel |
|
|
|
|
Name |
BOAZ GOLDSCHMIDT |
|
Function |
Manager |
|
Address |
Israel |
Shareholders / Partners Companies
|
|
|
|
NAME |
ELSPEC ENGINNERING LTD |
|
Function |
Partner |
|
Address |
4 HaShoam Str, Zone 3, North Ind. Park Caesarea, 38900 - Tel AviV -
Israel |
|
Telephone |
0097246272470 |
|
Fax |
0097249024512 |
Activities
|
Line of Business |
Percentage |
|||
|
·
Engaged
in developed, manufactured and marketed proven power quality solutions along with
state of the art electrical network analysis technologies. Manufacturer
of motors, generators and transformers |
100% |
|||
|
|
Retailers/Wholesalers/Private Companies |
|
|
|
|
Sales Conditions |
Cash/credit |
|
|
|
|
Geographic Distribution of Sales |
|
|
Internal Market |
|
International Market |
|
|
Year |
|
EU |
Extra-EU |
Total |
|
|
2013 |
186.152,91 |
16,45% |
452.199,34 |
39,95% |
493.540,24 |
43,60% |
1.131.892,49 |
|
|
2012 |
296.730,85 |
17,35% |
655.161,47 |
38,31% |
758.262,12 |
44,34% |
1.710.154,44 |
|
|
2011 |
406.091,92 |
23,92% |
408.931,26 |
24,09% |
882.448,34 |
51,99% |
1.697.471,52 |
|
|
2010 |
294.319,27 |
7,41% |
3.047.827,60 |
76,75% |
628.832,94 |
15,84% |
3.970.979,81 |
|
|
Geographic Distribution of Purchases |
|
|
Internal Market |
|
International Market |
|
|
Year |
|
EU |
Extra-EU |
Total |
|
|
2013 |
30.610,23 |
3,79% |
237.334,90 |
29,37% |
540.223,29 |
66,85% |
808.168,42 |
|
|
2012 |
123.282,36 |
11,09% |
507.677,79 |
45,65% |
481.039,62 |
43,26% |
1.111.999,77 |
|
|
2011 |
179.811,20 |
12,61% |
622.101,95 |
43,63% |
624.063,57 |
43,76% |
1.425.976,72 |
|
|
2010 |
166.706,53 |
17,14% |
414.269,35 |
42,60% |
391.422,39 |
40,25% |
972.398,27 |
|
Source: IES
Trade Marks
|
|
Siemens |
|
Vestas |
|
City Power |
|
Daimler AG |
|
General Motors |
|
Sinteff Norway |
|
Tennet Netherlands |
|
Electropaulo |
|
Formosa Plastic |
|
Donghee |
|
Kegoc |
|
Ergon |
Banks and Financial Institutions
|
NOVO BANCO, SA |
Porto - Campo 24 de Agosto |
|
Incidents |
|
There are no of incidents on our database |
Employees
|
Year |
Total |
Men |
Women |
|
|
2013 |
12 |
10 |
83% |
2 |
17% |
|
|
2012 |
13 |
11 |
85% |
2 |
15% |
|
|
2011 |
13 |
11 |
85% |
2 |
15% |
|
|
2010 |
14 |
12 |
86% |
2 |
14% |
|
Source: IES
Insurance
|
Companhia de Seguros Açoreana SA |
|
Head Office and Installations |
|
Head office and installations Zona Industrial, Fase 1 - Quelha Monte Nascente,
Pavilhão 3, Chafe, 4900-231, CHAFE, Tel:258351920, Fax:258835607 |
|
Had head office Avenida da Pedra Verde, 350 , Sao Mamede De Infesta,
4465, SAO MAMEDE DE INFESTA |
Special Information
|
Event |
General Description |
|
Quality Certification |
The holder is certified according to ISO 9001: 2000. |
Financial Demonstration SNC |
||
|
Balance Sheet SNC |
||
|
Coin EUROS |
|
Year:2013 |
|
|
||
|
|
- |
- |
- |
% Var.2013/12 |
|
Gains/losses allocated subsidiaries, associates and joint ventures |
- |
- |
- |
- |
|
|
|
Variation in production inventories |
12.485,74 |
1.057,40 |
10.331,74 |
1.080,80% |
|
|
|
Work for the entity itself |
- |
- |
- |
- |
|
|
|
Cost of goods sold and materials consumed |
732.465,65 |
1.244.237,37 |
1.220.371,19 |
(41,13)% |
|
|
|
Suppliers and external services |
151.633,71 |
208.494,60 |
210.662,25 |
(27,27)% |
|
|
|
Personnel costs |
237.137,79 |
246.082,06 |
217.141,61 |
(3,63)% |
|
|
|
Impairment of inventories (losses/revearsals) |
- |
- |
- |
- |
|
|
|
Impairment of receivables (losses/revearsals) |
519,73 |
(26.520,00) |
26.520,00 |
(101,96)% |
|
|
|
Provisions (increases/reductions) |
- |
1.094,77 |
3.719,37 |
- |
|
|
|
Impairment of investments not depreciable/amortizable
(losses/reversals) |
- |
- |
- |
- |
|
|
|
Other impairments (losses/reversals)/impairments (losses/reversals)
(exclusive use by small entities and microentities) |
- |
(2.595,80) |
- |
- |
|
|
|
Increases/decreases in fair value |
- |
- |
- |
- |
|
|
|
Other income and gains |
6.296,06 |
17.763,04 |
646,45 |
(64,56)% |
|
|
|
Other expenses and losses |
8.343,20 |
4.479,01 |
4.421,86 |
86,27% |
|
|
|
Result before depreciation, financing costs and taxes |
20.574,21 |
55.364,66 |
28.937,00 |
(62,84)% |
|
|
|
|
|
|
|
|
|
|
|
Expenses/reversals of depreciation and amortization |
19.134,84 |
22.602,02 |
25.993,25 |
(15,34)% |
|
|
|
Impairment of investments depreciable/amortizable (losses/reversals) |
- |
- |
- |
- |
|
|
|
Operating result (before financing costs and taxes) |
1.439,37 |
32.762,64 |
2.943,75 |
(95,61)% |
|
|
|
|
|
|
|
|
|
|
|
Interest and similar income obtained |
- |
- |
- |
- |
|
|
|
interest and similar expenses incurred |
- |
- |
- |
- |
|
|
|
Net before taxes |
1.439,37 |
32.762,64 |
2.943,75 |
(95,61)% |
|
|
|
|
|
|
|
|
|
|
|
Income tax of the period |
3.849,95 |
12.993,34 |
4.610,39 |
(70,37)% |
|
|
|
Net profit for the period |
(2.410,58) |
19.769,30 |
(1.666,64) |
(112,19)% |
|
|
|
|
|
|
|
|
|
|
|
Results of discontinued operations (net of taxes) included in the net
icome of the period |
- |
- |
- |
- |
|
|
|
ASSET |
|
|||||
|
|
|
|
|
|
|
|
|
Non-current assets |
|
|||||
|
|
|
|
|
|
|
|
|
Tangible fixed assets |
18.977,88 |
38.112,72 |
59.629,14 |
(50,21)% |
|
|
|
Investment properties |
- |
- |
- |
- |
|
|
|
Goodwill |
- |
- |
- |
- |
|
|
|
Intangible assets |
- |
- |
- |
- |
|
|
|
Biological assets |
- |
- |
- |
- |
|
|
|
Financial participations - patrimonial equity method |
- |
- |
- |
- |
|
|
|
Financial participations - other methods |
- |
- |
- |
- |
|
|
|
Shareholders/partners |
- |
- |
- |
- |
|
|
|
Other financial assets |
- |
- |
- |
- |
|
|
|
Deferred tax assets |
- |
- |
- |
- |
|
|
|
Financial investments(exclusive use by small entities and micro
entities) |
1.000,00 |
1.000,00 |
1.000,00 |
- |
|
|
|
Total |
19.977,88 |
39.112,72 |
60.629,14 |
(48,92)% |
|
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|||||
|
|
|
|
|
|
|
|
|
Inventories |
479.256,01 |
391.067,50 |
522.247,70 |
22,55% |
|
|
|
Biological assets |
- |
- |
- |
- |
|
|
|
Costumers |
263.937,18 |
208.129,86 |
210.145,01 |
26,81% |
|
|
|
Advances to suppliers |
- |
- |
- |
- |
|
|
|
State and other public entities |
35.014,99 |
80.678,31 |
64.510,62 |
(56,60)% |
|
|
|
Shareholders/partners |
- |
- |
- |
- |
|
|
|
Other accounts receivable |
14.148,76 |
3.518,77 |
4.143,26 |
302,09% |
|
|
|
Deferrals |
1.827,11 |
2.119,29 |
1.461,82 |
(13,79)% |
|
|
|
Financial assets held for trading |
- |
- |
- |
- |
|
|
|
Other financial assets |
- |
- |
- |
- |
|
|
|
Non-current assets held for sale |
- |
- |
- |
- |
|
|
|
Other current assets |
- |
- |
- |
- |
|
|
|
Cashier and bank deposits |
30.793,95 |
24.390,25 |
31.465,86 |
26,26% |
|
|
|
Total |
824.978,00 |
709.903,98 |
833.974,27 |
16,21% |
|
|
|
|
|
|
|
|
|
|
|
TOTAL ASSET |
844.955,88 |
749.016,70 |
894.603,41 |
12,81% |
|
|
|
|
|
|
|
|
|
|
|
SHAREHOLDERS FUNDS AND LIABILITIES |
|
|||||
|
|
|
|
|
|
|
|
|
SHAREHOLDERS FUNDS |
|
|||||
|
|
|
|
|
|
|
|
|
Capital |
222.440,00 |
222.440,00 |
222.440,00 |
- |
|
|
|
Own shares |
- |
- |
- |
- |
|
|
|
Other shareholders funds instruments |
- |
- |
- |
- |
|
|
|
Emission premiuns |
- |
- |
- |
- |
|
|
|
Legal reserves |
11.468,25 |
11.468,25 |
11.468,25 |
- |
|
|
|
Other reserves |
28.941,84 |
28.941,84 |
28.941,84 |
- |
|
|
|
Net retained |
132.503,95 |
112.734,65 |
114.401,29 |
17,54% |
|
|
|
Adjustments on financial assets |
- |
- |
- |
- |
|
|
|
Revaluation surplus |
- |
- |
- |
- |
|
|
|
Other shareholders funds changes |
- |
- |
- |
- |
|
|
|
Total |
395.354,04 |
375.584,74 |
377.251,38 |
5,26% |
|
|
|
|
|
|
|
|
|
|
|
Net income for the period |
(2.410,58) |
19.769,30 |
(1.666,64) |
(112,19)% |
|
|
|
Antecipated dividends |
- |
- |
- |
- |
|
|
|
TOTAL OF SHAREHOLDERS FUNDS |
392.943,46 |
395.354,04 |
375.584,74 |
(0,61)% |
|
|
|
|
|
|
|
|
|
|
|
LIABILITY |
|
|||||
|
|
|
|
|
|
|
|
|
Non-current liiabilities |
|
|||||
|
|
|
|
|
|
|
|
|
Provisions |
13.658,92 |
16.348,26 |
17.849,29 |
(16,45)% |
|
|
|
Financing obtained |
- |
- |
- |
- |
|
|
|
Responsability for post-employment beneficts |
- |
- |
- |
- |
|
|
|
Diferred taxes liabilities |
- |
- |
- |
- |
|
|
|
Other payable accounts |
- |
- |
- |
- |
|
|
|
Total |
13.658,92 |
16.348,26 |
17.849,29 |
(16,45)% |
|
|
|
|
|
|
|
|
|
|
|
Current liabilities |
|
|||||
|
|
|
|
|
|
|
|
|
Suppliers |
397.054,00 |
280.448,09 |
458.861,41 |
41,58% |
|
|
|
Advances from costumers |
- |
- |
- |
- |
|
|
|
State and other public entities |
15.997,31 |
23.379,35 |
16.235,57 |
(31,58)% |
|
|
|
Shareholders/partners |
- |
- |
- |
- |
|
|
|
Financing obtained |
- |
- |
- |
- |
|
|
|
Other payable accounts |
25.302,19 |
30.186,96 |
26.072,40 |
(16,18)% |
|
|
|
Deferrals |
- |
3.300,00 |
- |
- |
|
|
|
Financial liabilities held for trading |
- |
- |
- |
- |
|
|
|
Other financial liabilities |
- |
- |
- |
- |
|
|
|
Non-current liabilities held for sale |
- |
- |
- |
- |
|
|
|
Other current liabilities |
- |
- |
- |
- |
|
|
|
Total |
438.353,50 |
337.314,40 |
501.169,38 |
29,95% |
|
|
|
|
|
|
|
|
|
|
|
TOTAL LIABILITIES |
452.012,42 |
353.662,66 |
519.018,67 |
27,81% |
|
|
|
|
|
|
|
|
|
|
|
TOTAL SHAREHOLDERS FUNDS AND LIABILITIES |
844.955,88 |
749.016,70 |
894.603,41 |
12,81% |
|
|
|
|
|
|
|
|
|
|
|
INCOME STATEMENT |
|
|||||
|
|
|
|
|
|
|
|
|
INCOME AND EXPENSES |
|
|||||
|
|
|
|
|
|
|
|
|
Sales and services |
1.131.892,49 |
1.710.154,44 |
1.697.471,52 |
(33,81)% |
|
|
|
Operating government grants |
- |
1.661,79 |
3.323,57 |
- |
|
|
RATIOS SNC
|
|
||||
|
Closing Date |
2013 |
2012 |
2011 |
|
|
|
|
|||||
|
TURNOVER RATIOS |
|
|||||
|
Shareholder's Funds Profitability |
(0,006) |
0,05 |
(0,004) |
|
|
|
|
Assets Profitability |
0,002 |
0,044 |
0,003 |
|
|
|
|
Sales Net Profitability |
(0,002) |
0,012 |
(0,001) |
|
|
|
|
|
|
|||||
|
EFFICIENCY RATIOS |
|
|||||
|
Medium Term Receivable |
85,111 |
44,421 |
45,186 |
|
|
|
|
Asset Rotation |
1,34 |
2,283 |
1,897 |
|
|
|
|
|
|
|||||
|
PRODUCTIVITY RATIOS |
|
|||||
|
Productivity |
1,684 |
1,893 |
2,197 |
|
|
|
|
|
|
|||||
|
SHORT TERM RATIOS |
|
|||||
|
General Liquidity |
1,882 |
2,105 |
1,664 |
|
|
|
|
Reduced Liquidity |
0,789 |
0,945 |
0,622 |
|
|
|
|
Immediate Liquidity |
0,07 |
0,072 |
0,063 |
|
|
|
|
|
|
|||||
|
MEDIUM LONG TERM RATIOS |
|
|||||
|
Financial Autonomy |
0,465 |
0,528 |
0,42 |
|
|
|
|
Solvability |
0,869 |
1,118 |
0,724 |
|
|
|
|
Borrowed Capital Structure |
0,97 |
0,954 |
0,966 |
|
|
|
|
Debt Structure |
0,97 |
0,954 |
0,966 |
|
|
|
|
Capital Structure |
28,768 |
24,183 |
21,042 |
|
|
|
|
|
|
|||||
|
Operational and Financial Risk |
|
|||||
|
Operational Leverage Level |
277,501 |
14,221 |
162,072 |
|
|
|
|
Financial Leverage Level |
1 |
1 |
1 |
|
|
|
|
Combined Leverage Level |
277,501 |
14,221 |
162,072 |
|
|
|
CASH FLOW STATEMENT
|
Rubrics |
2013 |
2012 |
PERIODS |
|
CASH FLOWS FROM OPERATIONAL ACTIVITIES |
|
|
|
|
Customers receipts |
- |
- |
- |
|
Payments to suppliers |
- |
- |
- |
|
Payments to employees |
- |
- |
- |
|
Cash at bank generated from operations |
- |
0,00 |
- |
|
Payment/receipt of income tax |
- |
- |
- |
|
Other receipts/payments |
- |
- |
- |
|
Cash Flows from Operational Activities (A) |
- |
0,00 |
- |
|
CASH FLOWS' INVESTMENT ACTIVITIES |
|
|
|
|
Payments regarding: |
|
|
|
|
Fixed tangible assets |
- |
- |
- |
|
Intangible assets |
- |
- |
- |
|
Financial investments |
- |
- |
- |
|
Other assets |
- |
- |
- |
|
Receipts from: |
|
|
|
|
Fixed tangible assets |
- |
- |
- |
|
Intangible assets |
- |
- |
- |
|
Financial investments |
- |
- |
- |
|
Other assets |
- |
- |
- |
|
Investment subsidies |
- |
- |
- |
|
Interest and similar income |
- |
- |
- |
|
Dividends |
- |
- |
- |
|
Cash Flows' Investments Activities (B) |
- |
0,00 |
- |
|
CASH FLOWS' INVESTMENT ACTIVITIES |
|
|
|
|
Receipts from: |
|
|
|
|
Obtained financing |
- |
- |
- |
|
Paying-up of capital and other equity instruments |
- |
- |
- |
|
Coverage of losses |
- |
- |
- |
|
Donations |
- |
- |
- |
|
Other financing operations |
- |
- |
- |
|
Payments regarding: |
|
|
|
|
Obtained financing |
- |
- |
- |
|
Interests and similar expenses |
- |
- |
- |
|
Dividends |
- |
- |
- |
|
Capital's redution and other equity instruments |
- |
- |
- |
|
Other financing operations |
- |
- |
- |
|
Cash Flows' Financing Activities © |
- |
0,00 |
- |
|
Variation in cash at bank and its equivalents (A+B+C) |
- |
0,00 |
- |
|
Effect of exchange differences |
- |
- |
- |
|
Cash at bank and its equivalents at the start of period |
- |
- |
- |
|
Cash at bank and its equivalents at the end of period |
- |
- |
- |
CASH FLOWS
|
|
Movimentos do Periodo de 2013 |
|||
|
Rubrics |
Initial balance |
Debits |
Credits |
Final balance |
|
PERIOD'S CARRYING AMOUNT AND MOVEMENTS |
|
|||
|
Cash in hand |
- |
- |
- |
0,00 |
|
Order deposits |
24.390,25 |
2.283.652,27 |
2.277.248,57 |
30.793,95 |
|
Other bank deposits |
- |
- |
- |
0,00 |
|
Total cash at bank and bank deposits |
24.390,25 |
2.283.652,27 |
2.277.248,57 |
30.793,95 |
|
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 |
3.209,07 |
2.689,34 |
519,73 |
|
Other receivables |
- |
- |
0,00 |
|
Equity instruments and other securities |
- |
- |
0,00 |
|
Others |
- |
- |
0,00 |
|
TOTAL |
3.209,07 |
2.689,34 |
519,73 |
DEBTS REGISTERED AS DOUBTFUL
|
Rubrics |
Value |
|
Regarding insolvency and company recovery procedures or enforcement
procedures |
- |
|
Claimed in court |
- |
|
In arrears: |
0,00 |
|
Over six months and up to twelve months |
- |
|
Over twelve months and up to eighteen months |
- |
|
Over eighteen months and up to twenty four months |
- |
|
Over twenty four months |
- |
|
TOTAL |
0,00 |
EMPLOYEE BENEFITS, COMPANY EMPLOYEES AND PERSONNEL COSTS
|
|
|
Rubrics |
Average number of employees |
Average number of hours worked |
|
Company employees, paid and unpaid |
12 |
19.527 |
|
Paid company employees |
12 |
19.527 |
|
Company UNPAID employees |
0 |
0 |
|
Company employees, by type of working hours |
|
|
|
Full time company employees |
12 |
19.527 |
|
Of which: Full time company employees |
12 |
19.527 |
|
Part time company employees |
0 |
0 |
|
Of which: Part time company employees |
0 |
0 |
|
Company employees, by gender: |
|
|
|
Men |
10 |
15.807 |
|
Women |
2 |
3.720 |
|
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 |
237.137,79 |
|
Governance Bodies Remuneration |
- |
|
Of which: Profit-sharing |
- |
|
Employees remuneration |
186.545,85 |
|
Of which: Profit-sharing |
- |
|
Post-employment benefits |
0,00 |
|
Pension premiums |
- |
|
Other benefits |
- |
|
Of which: |
|
|
For defined contribution plans - corporate bodies |
- |
|
For defined contribution plans - others |
- |
|
Compensations |
- |
|
Charges on remunerations |
36.883,71 |
|
Insurance for accidents at work and professional diseases |
1.887,23 |
|
Social security expenses |
- |
|
Other staff costs |
11.821,00 |
|
Of which: |
|
|
Expenditure on education |
- |
|
Expenditure on uniforms |
- |
INFORMATION BY GEOGRAPHIC MARKETS
|
|
Geographic markets |
|||
|
Rubrics |
Internal |
EU |
Extra-EU |
Total |
|
Sales |
163.610,83 |
435.558,34 |
489.040,24 |
1.088.209,41 |
|
Services provided |
22.542,08 |
16.641,00 |
4.500,00 |
43.683,08 |
|
Purchases |
30.610,23 |
237.334,90 |
540.223,29 |
808.168,42 |
|
Supplies and external services |
148.608,81 |
3.024,90 |
- |
151.633,71 |
|
Acquisition of fixed tangible assets |
- |
- |
- |
0,00 |
|
Acquisition of investment properties |
- |
- |
- |
0,00 |
|
Acquisition of intangible assets |
- |
- |
- |
0,00 |
|
Supplementary income: |
3.346,55 |
0,00 |
0,00 |
3.346,55 |
|
Social services |
- |
- |
- |
0,00 |
|
Equipment rental |
- |
- |
- |
0,00 |
|
Studies, projects and technological assistance |
- |
- |
- |
0,00 |
|
Royalities |
- |
- |
- |
0,00 |
|
Others |
3.346,55 |
- |
- |
3.346,55 |
|
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 |
264.456,91 |
209.129,86 |
26,46% |
|
Trade notes receivable |
- |
- |
- |
|
Advances received from customers |
- |
- |
- |
|
Suppliers |
|
|
|
|
Trade accounts payable |
397.054,00 |
280.448,09 |
41,58% |
|
Trade notes payable |
- |
- |
- |
|
Trade accounts payable - unchecked invoices |
- |
- |
- |
|
Advances to suppliers |
- |
- |
- |
|
Staff |
|
|
|
|
Payable remunerations |
- |
- |
- |
|
Advanced payments |
- |
- |
- |
|
Bonds |
- |
- |
- |
|
Other operations |
- |
- |
- |
|
State and other public sector institutions |
|
|
|
|
Income Tax |
- |
- |
- |
|
Deductible IVA (debt cumulative amounts) |
197.377,12 |
286.952,06 |
(31,22)% |
|
Paid IVA (credit cumulative amounts) |
98.969,83 |
186.129,12 |
(46,83)% |
|
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 |
- |
- |
- |
|
Credit status |
- |
- |
- |
|
Other receivable and payable accounts |
|
|
|
|
Investment providers - general accounts |
- |
- |
- |
|
Trade accounts payable - unchecked invoices |
- |
- |
- |
|
Advanced payments to investment providers |
- |
- |
- |
|
additional income - Debtors |
- |
- |
- |
|
additional expenses - Creditors |
24.934,38 |
29.535,55 |
(15,58)% |
|
Deferred tax assets |
- |
- |
- |
|
Deferred tax liabilities |
- |
- |
- |
|
Unreleased subscriptions - Creditors |
- |
- |
- |
|
Advances received on account of sales |
- |
- |
- |
|
Other debtors and creditors |
|
|
|
|
Other debtors |
14.148,76 |
2.867,36 |
393,44% |
|
Other creditors |
367,81 |
- |
- |
EXPENSE ACCOUNTS
|
Rubrics |
2013 |
2012 |
PERIODS |
|
Supplies and external services |
151.633,71 |
208.494,60 |
(27,27)% |
|
Subcontracts |
5.805,27 |
13.775,67 |
(57,86)% |
|
Specialized services |
24.297,67 |
42.276,44 |
(42,53)% |
|
Specialized works |
18.151,83 |
24.946,54 |
(27,24)% |
|
Of which: Payments to workers placed through agencies |
- |
- |
- |
|
Advertising and promotion |
1.300,00 |
1.218,26 |
6,71% |
|
Surveillance and security |
369,09 |
176,48 |
109,14% |
|
Fees |
300,00 |
502,70 |
(40,32)% |
|
Comissions |
- |
- |
- |
|
Maintenance and repairs |
3.380,07 |
14.265,15 |
(76,31)% |
|
Others |
796,68 |
1.167,31 |
(31,75)% |
|
Materials |
4.722,59 |
8.740,90 |
(45,97)% |
|
Fast wear tools and utensils |
4.372,10 |
7.533,44 |
(41,96)% |
|
Books and technical documentation |
2,83 |
20,04 |
(85,88)% |
|
Office material |
347,66 |
1.060,90 |
(67,23)% |
|
Gift items |
- |
126,52 |
- |
|
Others |
- |
- |
- |
|
Energy and fluids |
24.358,44 |
27.382,24 |
(11,04)% |
|
Electricity |
9.286,64 |
8.035,22 |
15,57% |
|
Fuels |
13.570,83 |
16.817,98 |
(19,31)% |
|
Water |
530,69 |
1.121,28 |
(52,67)% |
|
Others |
970,28 |
1.407,76 |
(31,08)% |
|
Travel, lodging and transportation |
45.092,00 |
58.103,01 |
(22,39)% |
|
Travel and lodging |
21.010,47 |
19.727,52 |
6,50% |
|
Transport of personnel |
- |
- |
- |
|
Transport of goods |
24.081,53 |
38.197,89 |
(36,96)% |
|
Others |
- |
177,60 |
- |
|
Different services |
47.357,74 |
58.216,34 |
(18,65)% |
|
Rents and leases |
32.766,28 |
42.542,29 |
(22,98)% |
|
Of which: Rents from land |
- |
- |
- |
|
Communication |
10.589,06 |
11.522,21 |
(8,10)% |
|
Insurance |
3.104,44 |
3.264,24 |
(4,90)% |
|
Royalties |
- |
- |
- |
|
Litigation and Notaries |
80,00 |
85,00 |
(5,88)% |
|
Representation expenses |
325,65 |
223,20 |
45,90% |
|
Cleaning, hygiene and comfort |
191,69 |
270,84 |
(29,22)% |
|
Other services |
300,62 |
308,56 |
(2,57)% |
Deliberation
of Approval of Accounts
|
Were the financial year's accounts approved? |
|
|
YES |
|
|
Data da Aprovação: 21-04-2014 |
|
|
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 POC/SNC/NCM (National Plan of Accounts/Accounting Normalization
System/Accounting Normalization for micro entities) |
|
|
PROFIT
APLICATION ACCORDING TO THE DELIBERATION THAT APPROVED THE FINANCIAL YEAR'S
ACCOUNTS |
|
Rubrics |
2013 |
2012 |
|
Retained earnings |
130.093,37 |
132.503,95 |
|
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) |
130.093,37 |
132.503,95 |
|
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? |
|
|
NO |
|
|
Has the inspection body issued an assessment? |
|
|
Information Available |
|
|
The inspection body pronounced: |
|
|
Information Available |
|
|
LEGAL CERTIFICATION OF ACCOUNTS (CLC) |
|
|
Is the entity required to have certified accounts by a Statutory
Auditor/Statutory Audit Firm? |
|
|
NO |
|
|
Identificação do ROC: |
|
|
Was the Legal certification of accounts issued? |
|
|
Information Available |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.97 |
|
UK Pound |
1 |
Rs.97.37 |
|
Euro |
1 |
Rs.77.16 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.