MIRA
INFORM REPORT
|
Report Date : |
11.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
RAMADA ACOS SA |
|
|
|
|
Registered Office : |
Cova Do Frade - Avenida Da Régua, Apartado 10, Ovar, 3884-909-Ovar, Aveiro District |
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|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
|
Date of Incorporation : |
09.11.1954 |
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|
|
|
Com. Reg. No.: |
500103844 |
|
|
|
|
Legal Form : |
Joint Stock Company |
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|
|
|
Line of Business : |
· Engaged in Distribution, Transformation by Cold Drawing and Machining of Ferrous Metals & Non-Ferrous Metals · Engaged in Distribution of Plastic, Welding Electrodes & Cutting Tools · Engaged in providing Heat Treatment Services. |
|
|
|
|
No of Employees : |
162 (2013) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
|
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Source : CIA |
Identification
|
|
Name |
RAMADA ACOS SA |
|
V.A.T. Number /
NIF |
500103844 |
|
Address |
Cova do Frade -
Avenida da Régua, Apartado 10 |
|
Locality |
Ovar |
|
Postal Code |
3884-909-OVAR |
|
Municipality |
OVAR |
|
District |
AVEIRO |
|
Telephone |
256580580,
256580515, 256580568 |
|
Fax |
256580500,
256580440, 256580410 |
|
E-Mail |
|
|
Web Site |
|
|
|
|
Financial Highlights
|
|
|
2011 |
|
2012 |
|
2013 |
|
Net Sales |
51.981.680,30 |
|
51.114.024,03 |
|
49.247.982,83 |
|
Net Income For the Year |
4.004.528,05 |
|
4.497.916,34 |
|
6.036.416,50 |
|
Shareholders Funds |
32.584.935,76 |
|
33.629.113,72 |
|
34.165.530,22 |
|
Stocks |
12.144.045,44 |
|
10.328.474,40 |
|
10.867.441,58 |
|
LIABILITY |
43.628.464,90 |
|
36.373.793,76 |
|
34.693.208,06 |
|
ASSETS |
76.213.400,66 |
|
70.002.907,48 |
|
68.858.738,28 |
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 |
Joint Stock Company |
|
Constitution |
09-11-1954 |
|
V.A.T. Number / NIF |
500103844 |
|
Employees |
162 |
|
Capital |
15.000.000,00 |
|
Sales in : 31-12-2013 |
49.247.982,83 |
|
Shareholders Funds in: 31-12-2013 |
34.165.530,22 |
|
Payments |
Good |
|
Actual Condition |
In activity |
|
Incidents |
There are record of commercial incidents |
Governing Bodies
|
|
|
|
|
Board of Director's |
|
|
PEDRO MACEDO PINTO DE MENDONCA |
Administrator |
|
PAULO JORGE DOS |
Administrator |
|
JOAO MANUEL MATOS BORGES DE OLIVEIRA |
Board of Director's President |
|
DOMINGOS JOSE VIEIRA DE MATOS |
Administrator |
|
PEDRO MIGUEL MATOS BORGES DE OLIVEIRA |
Administrator |
|
ANA REBELO DE CARVALHO MENERES DE MENDONCA |
Administrator |
|
|
|
|
Fiscal Board |
|
|
PAULO ALEXANDRE ROCHA SILVA GASPAR |
Fiscal Board Substitute |
|
DELOITTE & ASSOCIADOS-SROC SA |
Unique Fiscal |
Legal Structure
|
|
Registered on the Register Record Office
of Ovar with the Register Number 500103844 previous number 151 in 21-12-1954 |
|
Constitution celebrated in 09-11-1954
published on Diário da República of 15-12-1954 |
|
To oblige the company it is necessary 2
signature |
|
Changes to
Society |
|
In 29-08-2014 on Portal MJ of 29-08-2014
denomination change de F.Ramada-Aços e Industriais SA, para Ramada Aços SA. In 1958 year, the company became a Public Limited Company, receiving
the name F.RAMADA, AÇOS e INDÚSTRIAS |
|
In 06-11-2013 on Portal MJ of 06-11-2013
update of the |
|
In 28-03-2013 on Portal MJ of 11-09-2014
appointment of board of directors |
|
In 30-05-2012 on Portal MJ of 31-05-2012
social change |
|
In 30-04-2009 on Portal MJ of 06-11-2009
board of direct or's change |
Capital
|
|
The Capital is 15.000.000,00 , divided in
3000000 shares , with a nominal value of 5,00 |
|
Activities
|
|
Line of Business |
Percentage |
|||
|
· Engaged in Distribution, Transformation by Cold Drawing and Machining of Ferrous Metals & Non-Ferrous Metals · Engaged in Distribution of Plastic, Welding Electrodes & Cutting Tools ·
Engaged in providing
Heat Treatment Services. |
100% |
|||
|
Type of Clients |
Constructors/Manufacturers/Private
Companies |
|
|
|
|
Sales Conditions |
Cash/credit |
|
|
|
Geographic Distribution of
Sales
|
|
|
Internal Market |
|
International
Market |
|
|
Year |
|
EU |
Extra-EU |
Total |
|
|
2013 |
47.167.705,30 |
95,78% |
1.738.816,00 |
3,53% |
341.461,53 |
0,69% |
49.247.982,83 |
|
|
2012 |
49.926.328,03 |
97,68% |
1.117.733,88 |
2,19% |
69.962,12 |
0,14% |
51.114.024,03 |
|
|
2011 |
50.616.895,35 |
97,37% |
1.307.014,00 |
2,51% |
57.770,95 |
0,11% |
51.981.680,30 |
|
Geographic Distribution of
Purchases
|
|
|
Internal Market |
|
International
Market |
|
|
Year |
|
EU |
Extra-EU |
Total |
|
|
2013 |
3.423.883,01 |
10,06% |
25.002.446,02 |
73,49% |
5.597.325,55 |
16,45% |
34.023.654,58 |
|
|
2012 |
2.436.984,46 |
7,17% |
27.282.941,49 |
80,22% |
4.291.614,45 |
12,62% |
34.011.540,40 |
|
|
2011 |
3.417.349,40 |
9,29% |
30.016.802,56 |
81,58% |
3.360.510,23 |
9,13% |
36.794.662,19 |
|
Source: IES
Trade Marks
|
|
Seco Tools |
|
Frenchi |
|
Neco |
Banks and Financial
Institutions
|
|
MILLENNIUM BCP |
Porto |
|
NOVO BANCO, SA |
Ovar |
|
BANCO SANTANDER TOTTA SA |
Porto |
|
BANCO BILBAO VIZCAYA ARGENTARIA
(PORTUGAL), SA |
Avenida Aliados - Porto |
|
CAIXA GERAL DE DEPOSITOS, SA |
Ovar |
|
BANCO BPI, SA |
Porto |
|
BANIF - BANCO INTERNACIONAL DO FUNCHAL, SA |
Centro de Empresas de Aveiro |
Incidents
|
|
Legal Actions |
|
Date |
Process |
Author |
Type |
Amount |
Judicial District |
Court |
Situation |
|
|
205149/10.6YIPRT |
|
Especial
Cump.Obrig. Pecuniarias DL 269/98 |
1.226,89 |
Comarca do Baixo
Vouga-Juízos de Ovar |
|
|
18-08-2010
Manuel de Jesus Moreira
Employees
|
Year |
Total |
Men |
Women |
|
|
2013 |
162 |
152 |
94% |
10 |
6% |
|
|
2012 |
160 |
150 |
94% |
10 |
6% |
|
|
2011 |
161 |
151 |
94% |
10 |
6% |
|
Source: IES
Insurance
|
|
Companhia de Seguros Fidelidade Mundial |
|
Tranquilidade Seguros SA |
Head Office and Installations
|
|
Installations Estrada Pero Neto, Marinha
Grande, 2430-902, MARINHA GRANDE, Tel:244575680, Fax:244575688, Email: acos.m.grande@ramada.pt |
|
Had installations Avenida Infante
D.Henrique, Lote 575-A, Lisboa, 1800-220, LISBOA |
|
Installations Zona Industrial da Maia I,
Sector VII - Travessa Eng. Nobre da Costa, 75, Moreira Mai, 4470-597, MOREIRA
MAI, Tel:229430303, Fax:229430304, Email: acos.porto@ramada.pt |
|
Installations Avenida Engº. José Rolo,
Lote F1 - Parque Industrial de Celeirós, Celeiros, 4705-414, CELEIROS BRG,
Tel:253605350, Fax:253605353, Email: acos.braga@ramada.pt
|
|
Head office and installations Cova do
Frade - Avenida da Régua, Apartado 10, Ovar, 3884-909, OVAR, Tel:256580580,
Fax:256580500 |
|
Had installations Rua Manuel Pinto
Azevedo, 171, Porto, 4100-321, PORTO |
|
Had installations Rua Luís de Camões, 100,
Ovar, 3880-240, OVAR |
|
Installations Lugar do Brejo, Recardaes,
3750-711, RECARDAES, Tel:234600030, Fax:234624621, Email: acos.agueda@ramada.pt |
|
Installations Vila Amélia, Lote 288,
Cabanas, 2950-805, QUINTA DO ANJO, Tel:212888900, Fax:212888916, Email: acos.lisboa@ramada.pt |
Participations
|
|
The subject participates on the following
company(ies) |
|
|
|
|
|
NAME |
UNIVERSAL AFIR-ACOS ESPECIAIS E
FERRAMENTAS SA |
|
Address |
Lugar da Cova do Frade, Apartado 248 |
|
Locality |
Ovar |
|
Telephone |
256580400 |
|
Fax |
256586279 |
|
E-Mail |
|
|
Web Site |
|
|
C.A.E. |
46720- Wholesale of metals and metal ores |
|
Capital |
3.800.000,00 |
|
Participation |
100% |
|
|
|
|
NAME |
F.RAMADA II-IMOBILIARIA SA |
|
Address |
Lugar da Cova do Frade - Torrão do Lameiro |
|
Locality |
Ovar |
|
C.A.E. |
68311- Activities of real estate mediation
|
|
Capital |
5.339.242,00 |
|
Participation |
90% |
|
|
|
|
NAME |
F.RAMADA-PRODUCAO E COMERCIALIZACAO DE
ESTRUTURAS METALICAS DE ARMAZENAGEM SA |
|
Address |
Lugar da Cova de Frade, Apartado 74 |
|
Locality |
Ovar |
|
Telephone |
256580400 |
|
Fax |
256586747 |
|
E-Mail |
acos.ovar@ramada.pt |
|
Web Site |
www.ramada.pt |
|
C.A.E. |
25110- Manufacture of metal structures of
buildings |
|
Capital |
5.000.000,00 |
|
Participation |
100% |
|
|
|
|
NAME |
F.RAMADA-SERVICOS DE GESTAO LDA |
|
Address |
Lugar da Cova do Frade, Apartado 256 |
|
Locality |
Ovar |
|
Telephone |
256580400 |
|
Fax |
256586279 |
|
E-Mail |
servicos-gestao@ramada.pt |
|
C.A.E. |
69200- Activities of accounting and
auditing, tax advice |
|
Capital |
5.000,00 |
|
Participation |
98% |
Special Information
|
|
Event |
General Description |
|
Quality Certification |
A titular é uma empresa certificada
segundo a Norma NP EN ISO 9001:2008. |
Financial Demonstration SNC
|
||
|
Balance Sheet
SNC |
||
|
Coin EUROS |
|
Year:2013 |
|
|
||
|
|
2013 |
2012 |
2011 |
% Var.2013/12 |
|
ASSET |
|
|||||
|
|
|
|
|
|
|
|
|
Non-current assets |
|
|||||
|
|
|
|
|
|
|
|
|
Tangible fixed assets |
1.466.085,96 |
712.233,74 |
894.885,76 |
105,84% |
|
|
|
Investment properties |
- |
- |
- |
- |
|
|
|
Goodwill |
- |
- |
- |
- |
|
|
|
Intangible assets |
8.207,08 |
466,76 |
933,38 |
1.658,31% |
|
|
|
Biological assets |
- |
- |
- |
- |
|
|
|
Financial participations - patrimonial
equity method |
20.554.215,29 |
20.554.215,29 |
20.054.215,29 |
- |
|
|
|
Financial participations - other methods |
- |
- |
82.767,68 |
- |
|
|
|
Shareholders/partners |
- |
- |
- |
- |
|
|
|
Other financial assets |
- |
- |
- |
- |
|
|
|
Deferred tax assets |
1.236.354,00 |
1.165.283,00 |
1.052.970,00 |
6,10% |
|
|
|
Financial investments(exclusive use by
small entities and micro entities) |
- |
- |
- |
- |
|
|
|
Total |
23.264.862,33 |
22.432.198,79 |
22.085.772,11 |
3,71% |
|
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|||||
|
|
|
|
|
|
|
|
|
Inventories |
10.867.441,58 |
10.328.474,40 |
12.144.045,44 |
5,22% |
|
|
|
Biological assets |
- |
- |
- |
- |
|
|
|
Costumers |
10.513.197,67 |
14.218.607,27 |
17.127.092,09 |
(26,06)% |
|
|
|
Advances to suppliers |
- |
- |
- |
- |
|
|
|
State and other public entities |
- |
- |
- |
- |
|
|
|
Shareholders/partners |
21.809.316,27 |
19.065.063,58 |
16.663.707,81 |
14,39% |
|
|
|
Other accounts receivable |
154.779,66 |
850.730,35 |
341.615,09 |
(81,81)% |
|
|
|
Deferrals |
3.912,77 |
18.865,57 |
31.701,71 |
(79,26)% |
|
|
|
Financial assets held for trading |
92.038,00 |
1.947,00 |
2.248,00 |
4.627,17% |
|
|
|
Other financial assets |
- |
- |
- |
- |
|
|
|
Non-current assets held for sale |
- |
- |
- |
- |
|
|
|
Other current assets |
- |
- |
- |
- |
|
|
|
Cashier and bank deposits |
2.153.190,00 |
3.087.020,52 |
7.817.218,41 |
(30,25)% |
|
|
|
Total |
45.593.875,95 |
47.570.708,69 |
54.127.628,55 |
(4,16)% |
|
|
|
|
|
|
|
|
|
|
|
TOTAL ASSET |
68.858.738,28 |
70.002.907,48 |
76.213.400,66 |
(1,63)% |
|
|
|
|
|
|
|
|
|
|
|
SHAREHOLDERS FUNDS AND LIABILITIES |
|
|||||
|
|
|
|
|
|
|
|
|
SHAREHOLDERS FUNDS |
|
|||||
|
|
|
|
|
|
|
|
|
Capital |
15.000.000,00 |
15.000.000,00 |
15.000.000,00 |
- |
|
|
|
Own shares |
- |
- |
- |
- |
|
|
|
Other shareholders funds instruments |
- |
- |
- |
- |
|
|
|
Emission premiuns |
748.196,85 |
748.196,85 |
748.196,85 |
- |
|
|
|
Legal reserves |
3.000.160,68 |
3.000.160,68 |
3.000.160,68 |
- |
|
|
|
Other reserves |
1.674.179,85 |
1.674.179,85 |
1.627.918,23 |
- |
|
|
|
Net retained |
7.706.576,34 |
8.708.660,00 |
8.204.131,95 |
(11,51)% |
|
|
|
Adjustments on financial assets |
- |
- |
- |
- |
|
|
|
Revaluation surplus |
- |
- |
- |
- |
|
|
|
Other shareholders funds changes |
- |
- |
- |
- |
|
|
|
Total |
28.129.113,72 |
29.131.197,38 |
28.580.407,71 |
(3,44)% |
|
|
|
|
|
|
|
|
|
|
|
Net income for the period |
6.036.416,50 |
4.497.916,34 |
4.004.528,05 |
34,20% |
|
|
|
Antecipated dividends |
- |
- |
- |
- |
|
|
|
TOTAL OF SHAREHOLDERS FUNDS |
34.165.530,22 |
33.629.113,72 |
32.584.935,76 |
1,60% |
|
|
|
|
|
|
|
|
|
|
|
LIABILITY |
|
|||||
|
|
|
|
|
|
|
|
|
Non-current liiabilities |
|
|||||
|
|
|
|
|
|
|
|
|
Provisions |
510.000,00 |
335.000,00 |
335.000,00 |
52,24% |
|
|
|
Financing obtained |
- |
106.373,10 |
519.099,44 |
- |
|
|
|
Responsability for post-employment benefits
|
- |
- |
- |
- |
|
|
|
Deferred taxes liabilities |
- |
- |
- |
- |
|
|
|
Other payable accounts |
172.906,00 |
280.407,00 |
48.000,00 |
(38,34)% |
|
|
|
Total |
682.906,00 |
721.780,10 |
902.099,44 |
(5,39)% |
|
|
|
|
|
|
|
|
|
|
|
Current liabilities |
|
|||||
|
|
|
|
|
|
|
|
|
Suppliers |
6.912.641,49 |
7.711.443,20 |
9.402.529,71 |
(10,36)% |
|
|
|
Advances from costumers |
- |
- |
- |
- |
|
|
|
State and other public entities |
1.162.982,27 |
1.469.989,96 |
1.475.168,73 |
(20,89)% |
|
|
|
Shareholders/partners |
496.843,04 |
914.869,92 |
985.797,96 |
(45,69)% |
|
|
|
Financing obtained |
23.080.366,61 |
24.227.620,53 |
29.521.268,70 |
(4,74)% |
|
|
|
Other payable accounts |
2.357.468,65 |
1.323.975,95 |
1.266.015,35 |
78,06% |
|
|
|
Deferrals |
- |
4.114,10 |
75.585,01 |
- |
|
|
|
Financial liabilities held for trading |
- |
- |
- |
- |
|
|
|
Other financial liabilities |
- |
- |
- |
- |
|
|
|
Non-current liabilities held for sale |
- |
- |
- |
- |
|
|
|
Other current liabilities |
- |
- |
- |
- |
|
|
|
Total |
34.010.302,06 |
35.652.013,66 |
42.726.365,46 |
(4,60)% |
|
|
|
|
|
|
|
|
|
|
|
TOTAL LIABILITIES |
34.693.208,06 |
36.373.793,76 |
43.628.464,90 |
(4,62)% |
|
|
|
|
|
|
|
|
|
|
|
TOTAL SHAREHOLDERS FUNDS AND LIABILITIES |
68.858.738,28 |
70.002.907,48 |
76.213.400,66 |
(1,63)% |
|
|
|
|
|
|
|
|
|
|
|
INCOME STATEMENT |
|
|||||
|
|
|
|
|
|
|
|
|
INCOME AND EXPENSES |
|
|||||
|
|
|
|
|
|
|
|
|
Sales and services |
49.247.982,83 |
51.114.024,03 |
51.981.680,30 |
(3,65)% |
|
|
|
Operating government grants |
- |
- |
- |
- |
|
|
|
Gains/losses allocated subsidiaries,
associates and joint ventures |
3.000.000,00 |
1.700.000,00 |
2.022.016,93 |
76,47% |
|
|
|
Variation in production inventories |
57.831,59 |
(99.886,60) |
356.452,67 |
(157,90)% |
|
|
|
Work for the entity itself |
- |
- |
- |
- |
|
|
|
Cost of goods sold and materials consumed |
33.542.513,63 |
35.691.777,76 |
36.163.661,18 |
(6,02)% |
|
|
|
Suppliers and external services |
6.375.778,56 |
6.628.349,82 |
6.290.413,45 |
(3,81)% |
|
|
|
Personnel costs |
3.912.952,29 |
4.003.062,21 |
3.834.788,31 |
(2,25)% |
|
|
|
Impairment of inventories
(losses/revearsals) |
- |
- |
- |
- |
|
|
|
Impairment of receivables
(losses/revearsals) |
574.671,37 |
1.005.817,66 |
1.160.618,02 |
(42,87)% |
|
|
|
Provisions (increases/reductions) |
175.000,00 |
- |
344.908,11 |
- |
|
|
|
Impairment of investments not
depreciable/amortizable (losses/reversals) |
- |
(417.611,40) |
500.000,00 |
- |
|
|
|
Other impairments
(losses/reversals)/impairments (losses/reversals) (exclusive use by small
entities and microentities) |
- |
- |
- |
- |
|
|
|
Increases/decreases in fair value |
(241,00) |
(301,00) |
(5.811,00) |
(19,93)% |
|
|
|
Other income and gains |
1.061.813,32 |
1.034.429,14 |
1.083.473,76 |
2,65% |
|
|
|
Other expenses and losses |
371.258,03 |
367.568,48 |
666.713,45 |
1,00% |
|
|
|
Result before depreciation, financing
costs and taxes |
8.415.212,86 |
6.469.301,04 |
6.476.710,14 |
30,08% |
|
|
|
|
|
|
|
|
|
|
|
Expenses/reversals of depreciation and
amortization |
655.156,96 |
294.023,17 |
507.585,19 |
122,82% |
|
|
|
Impairment of investments
depreciable/amortizable (losses/reversals) |
- |
- |
- |
- |
|
|
|
Operating result (before financing costs
and taxes) |
7.760.055,90 |
6.175.277,87 |
5.969.124,95 |
25,66% |
|
|
|
|
|
|
|
|
|
|
|
Interest and similar income obtained |
1.273.575,51 |
1.494.780,96 |
1.256.922,00 |
(14,80)% |
|
|
|
interest and similar expenses incurred |
1.966.860,05 |
2.176.740,15 |
2.052.660,58 |
(9,64)% |
|
|
|
Net before taxes |
7.066.771,36 |
5.493.318,68 |
5.173.386,37 |
28,64% |
|
|
|
|
|
|
|
|
|
|
|
Income tax of the period |
1.030.354,86 |
995.402,34 |
1.168.858,32 |
3,51% |
|
|
|
Net profit for the period |
6.036.416,50 |
4.497.916,34 |
4.004.528,05 |
34,20% |
|
|
|
|
|
|
|
|
|
|
|
Results of discontinued operations (net of
taxes) included in the net income of the period |
- |
- |
- |
- |
|
|
RATIOS SNC
|
|
|
||||
|
Closing Date |
2013 |
2012 |
2011 |
|
|
|
|
|||||
|
TURNOVER RATIOS |
|
|||||
|
Shareholder's Funds Profitability |
0,177 |
0,134 |
0,123 |
|
|
|
|
Assets Profitability |
0,113 |
0,088 |
0,078 |
|
|
|
|
Sales Net Profitability |
0,123 |
0,088 |
0,077 |
|
|
|
|
|
|
|||||
|
EFFICIENCY RATIOS |
|
|||||
|
Medium Term Receivable |
77,918 |
101,534 |
120,261 |
|
|
|
|
Asset Rotation |
0,715 |
0,73 |
0,682 |
|
|
|
|
|
|
|||||
|
PRODUCTIVITY RATIOS |
|
|||||
|
Productivity |
4,014 |
3,853 |
4,125 |
|
|
|
|
|
|
|||||
|
SHORT TERM RATIOS |
|
|||||
|
General Liquidity |
1,341 |
1,334 |
1,267 |
|
|
|
|
Reduced Liquidity |
1,021 |
1,045 |
0,983 |
|
|
|
|
Immediate Liquidity |
0,063 |
0,087 |
0,183 |
|
|
|
|
|
|
|||||
|
MEDIUM LONG TERM RATIOS |
|
|||||
|
Financial Autonomy |
0,496 |
0,48 |
0,428 |
|
|
|
|
Solvability |
0,985 |
0,925 |
0,747 |
|
|
|
|
Borrowed Capital Structure |
0,98 |
0,98 |
0,979 |
|
|
|
|
General Debt |
0,676 |
0,724 |
0,922 |
|
|
|
|
Medium Long Term Debt |
|
0,003 |
0,016 |
|
|
|
|
Debt Structure |
0,98 |
0,98 |
0,979 |
|
|
|
|
Capital Structure |
50,03 |
46,592 |
36,121 |
|
|
|
|
|
|
|||||
|
Operational and Financial Risk |
|
|||||
|
Operational Leverage Level |
2,024 |
2,497 |
2,65 |
|
|
|
|
Financial Leverage Level |
1,098 |
1,124 |
1,154 |
|
|
|
|
Combined Leverage Level |
2,222 |
2,807 |
3,058 |
|
|
|
CASH FLOW STATEMENT
|
|
Rubrics |
2013 |
2012 |
PERIODS |
|
CASH FLOWS FROM OPERATIONAL ACTIVITIES |
|
|
|
|
Customers receipts |
65.270.862,00 |
65.740.631,00 |
(0,71)% |
|
Payments to suppliers |
43.930.799,00 |
45.717.368,00 |
(3,91)% |
|
Payments to employees |
2.941.985,00 |
2.920.227,00 |
0,75% |
|
Cash at bank generated from operations |
18.398.078,00 |
17.103.036,00 |
7,57% |
|
Payment/receipt of income tax |
(2.180,00) |
(28.029,00) |
92,22% |
|
Other receipts/payments |
(10.437.211,00) |
(12.235.325,00) |
14,70% |
|
Cash Flows from Operational Activities (A) |
7.958.687,00 |
4.839.682,00 |
64,45% |
|
CASH FLOWS' INVESTMENT ACTIVITIES |
|
|
|
|
Payments regarding: |
|
|
|
|
Fixed tangible assets |
707.033,00 |
408.270,00 |
73,18% |
|
Intangible assets |
15.141,00 |
478,00 |
3.067,57% |
|
Financial investments |
2.800.000,00 |
- |
- |
|
Other assets |
90.332,00 |
- |
- |
|
Receipts from: |
|
|
|
|
Fixed tangible assets |
363.046,00 |
471.788,00 |
(23,05)% |
|
Intangible assets |
- |
- |
- |
|
Financial investments |
- |
- |
- |
|
Other assets |
- |
- |
- |
|
Investment subsidies |
- |
- |
- |
|
Interest and similar income |
9.474,00 |
112.101,00 |
(91,55)% |
|
Dividends |
3.000.000,00 |
1.700.000,00 |
76,47% |
|
Cash Flows' Investments Activities (B) |
(239.986,00) |
1.875.141,00 |
(112,80)% |
|
CASH FLOWS' INVESTMENT ACTIVITIES |
|
|
|
|
Receipts from: |
|
|
|
|
Obtained financing |
264.915,00 |
- |
- |
|
Paying-up of capital and other equity
instruments |
- |
- |
- |
|
Coverage of losses |
- |
- |
- |
|
Donations |
- |
- |
- |
|
Other financing operations |
- |
- |
- |
|
Payments regarding: |
|
|
|
|
Obtained financing |
1.302.738,00 |
5.636.356,00 |
(76,89)% |
|
Interests and similar expenses |
1.801.895,00 |
2.223.020,00 |
(18,94)% |
|
Dividends |
5.500.000,00 |
3.500.000,00 |
57,14% |
|
Capital's redution and other equity
instruments |
- |
- |
- |
|
Other financing operations |
97.009,00 |
15.626,00 |
520,82% |
|
Cash Flows' Financing Activities © |
(8.436.727,00) |
(11.375.002,00) |
25,83% |
|
Variation in cash at bank and its
equivalents (A+B+C) |
(718.026,00) |
(4.660.179,00) |
84,59% |
|
Effect of exchange differences |
- |
- |
- |
|
Cash at bank and its equivalents at the
start of period |
1.653.090,00 |
6.313.269,00 |
(73,82)% |
|
Cash at bank and its equivalents at the
end of period |
935.064,00 |
1.653.090,00 |
(43,44)% |
CASH FLOWS
|
|
|
Movimentos do
Periodo de 2013 |
|||
|
Rubrics |
Initial balance |
Debits |
Credits |
Final balance |
|
PERIOD'S CARRYING AMOUNT AND MOVEMENTS |
|
|||
|
Cash in hand |
8.830,52 |
3.039,68 |
- |
11.870,20 |
|
Order deposits |
1.028.190,00 |
1.113.129,80 |
- |
2.141.319,80 |
|
Other bank deposits |
2.050.000,00 |
- |
2.050.000,00 |
0,00 |
|
Total cash at bank and bank deposits |
3.087.020,52 |
1.116.169,48 |
2.050.000,00 |
2.153.190,00 |
|
Of which: Bank deposits abroad |
67.155,57 |
- |
1.818,95 |
65.336,62 |
|
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 |
747.427,55 |
172.756,18 |
574.671,37 |
|
Other receivables |
- |
- |
0,00 |
|
Equity instruments and other securities |
- |
- |
0,00 |
|
Others |
- |
- |
0,00 |
|
TOTAL |
747.427,55 |
172.756,18 |
574.671,37 |
|
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 |
162 |
291.057 |
|
Paid company employees |
162 |
291.057 |
|
Company UNPAID employees |
0 |
0 |
|
Company employees, by type of working hours |
|
|
|
Full time company employees |
162 |
291.057 |
|
Of which: Full time company employees |
162 |
291.057 |
|
Part time company employees |
0 |
0 |
|
Of which: Part time company employees |
0 |
0 |
|
Company employees, by gender: |
|
|
|
Men |
152 |
273.091 |
|
Women |
10 |
17.966 |
|
Company employees, of which: |
|
|
|
Company employees assigned to Research and
Development |
0 |
- |
|
Service providers |
5 |
200 |
|
People placed through temporary employment
agencies |
29 |
- |
|
Staff costs |
|
|
|
Rubrics |
Value |
|
Staff costs |
3.912.952,29 |
|
Governance Bodies Remuneration |
132.451,18 |
|
Of which: Profit-sharing |
0,00 |
|
Employees remuneration |
2.584.344,53 |
|
Of which: Profit-sharing |
175.000,00 |
|
Post-employment benefits |
0,00 |
|
Pension premiums |
0,00 |
|
Other benefits |
0,00 |
|
Of which: |
|
|
For defined contribution plans - corporate
bodies |
0,00 |
|
For defined contribution plans - others |
0,00 |
|
Compensations |
71.176,67 |
|
Charges on remunerations |
619.433,16 |
|
Insurance for accidents at work and
professional diseases |
72.715,72 |
|
Social security expenses |
16.072,08 |
|
Other staff costs |
416.758,95 |
|
Of which: |
|
|
Expenditure on education |
10.249,15 |
|
Expenditure on uniforms |
23.561,78 |
|
INFORMATION BY
GEOGRAPHIC MARKETS |
|
|
Geographic
markets |
|||
|
Rubrics |
Internal |
EU |
Extra-EU |
Total |
|
Sales |
44.021.188,53 |
1.511.396,00 |
288.245,35 |
45.820.829,88 |
|
Services provided |
3.146.516,77 |
227.420,00 |
53.216,18 |
3.427.152,95 |
|
Purchases |
3.423.883,01 |
25.002.446,02 |
5.597.325,55 |
34.023.654,58 |
|
Supplies and external services |
6.100.660,77 |
272.636,21 |
2.481,58 |
6.375.778,56 |
|
Acquisition of fixed tangible assets |
461.409,87 |
961.079,64 |
- |
1.422.489,51 |
|
Acquisition of investment properties |
0,00 |
- |
- |
0,00 |
|
Acquisition of intangible assets |
12.310,00 |
- |
- |
12.310,00 |
|
Supplementary income: |
457.624,01 |
16.352,40 |
0,00 |
473.976,41 |
|
Social services |
5.681,00 |
- |
- |
5.681,00 |
|
Equipment rental |
- |
- |
- |
0,00 |
|
Studies, projects and technological
assistance |
450.002,00 |
16.352,40 |
- |
466.354,40 |
|
Royalities |
- |
- |
- |
0,00 |
|
Others |
1.941,01 |
- |
- |
1.941,01 |
|
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 |
19.909.937,76 |
23.464.848,37 |
(15,15)% |
|
Trade notes receivable |
45.861,64 |
235.712,15 |
(80,54)% |
|
Advances received from customers |
- |
- |
- |
|
Suppliers |
|
|
|
|
Trade accounts payable |
6.621.317,28 |
7.698.273,47 |
(13,99)% |
|
Trade notes payable |
- |
- |
- |
|
Trade accounts payable - unchecked
invoices |
291.324,21 |
13.169,73 |
2.112,07% |
|
Advances to suppliers |
- |
- |
- |
|
Staff |
|
|
|
|
Payable remunerations |
- |
- |
- |
|
Advanced payments |
- |
- |
- |
|
Bonds |
- |
- |
- |
|
Other operations |
- |
- |
- |
|
State and other public sector institutions |
|
|
|
|
Income Tax |
- |
- |
- |
|
Deductible IVA (debt cumulative amounts) |
- |
- |
- |
|
Paid IVA (credit cumulative amounts) |
- |
- |
- |
|
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 |
21.800.000,00 |
19.000.000,00 |
14,74% |
|
Granted loans - other
shareholders/partners |
- |
- |
- |
|
Of which: Participating companies |
- |
- |
- |
|
Other operations |
|
|
|
|
Debit status |
9.316,27 |
65.063,58 |
(85,68)% |
|
Credit status |
496.843,04 |
914.869,92 |
(45,69)% |
|
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 |
- |
- |
- |
|
Deferred tax assets |
1.236.354,00 |
1.165.283,00 |
6,10% |
|
Deferred tax liabilities |
- |
- |
- |
|
Unreleased subscriptions - Creditors |
- |
- |
- |
|
Advances received on account of sales |
- |
- |
- |
|
Other debtors and creditors |
|
|
|
|
Other debtors |
- |
- |
- |
|
Other creditors |
- |
- |
- |
|
EXPENSE ACCOUNTS |
|
Rubrics |
2013 |
2012 |
PERIODS |
|
Supplies and external services |
6.375.778,56 |
6.628.349,82 |
(3,81)% |
|
Subcontracts |
375.899,31 |
338.367,84 |
11,09% |
|
Specialized services |
2.786.710,33 |
3.154.610,08 |
(11,66)% |
|
Specialized works |
2.150.122,53 |
2.366.005,83 |
(9,12)% |
|
Of which: Payments to workers placed
through agencies |
394.967,18 |
425.548,36 |
(7,19)% |
|
Advertising and promotion |
27.376,25 |
43.643,44 |
(37,27)% |
|
Surveillance and security |
43.176,00 |
37.918,14 |
13,87% |
|
Fees |
43.916,58 |
38.797,11 |
13,20% |
|
Comissions |
20.373,93 |
15.654,33 |
30,15% |
|
Maintenance and repairs |
501.745,04 |
652.591,23 |
(23,11)% |
|
Others |
- |
- |
- |
|
Materials |
409.261,52 |
484.164,45 |
(15,47)% |
|
Fast wear tools and utensils |
334.331,61 |
418.839,42 |
(20,18)% |
|
Books and technical documentation |
8.593,13 |
14.561,04 |
(40,99)% |
|
Office material |
28.320,11 |
30.195,08 |
(6,21)% |
|
Gift items |
38.016,67 |
20.568,91 |
84,83% |
|
Others |
- |
- |
- |
|
Energy and fluids |
301.998,23 |
290.167,95 |
4,08% |
|
Electricity |
21.070,51 |
15.482,60 |
36,09% |
|
Fuels |
276.236,51 |
269.976,50 |
2,32% |
|
Water |
4.691,21 |
4.708,85 |
(0,37)% |
|
Others |
- |
- |
- |
|
Travel, lodging and transportation |
1.088.335,20 |
913.023,75 |
19,20% |
|
Travel and lodging |
273.369,73 |
215.613,69 |
26,79% |
|
Transport of personnel |
688,27 |
656,90 |
4,78% |
|
Transport of goods |
794.409,77 |
678.629,42 |
17,06% |
|
Others |
19.867,43 |
18.123,74 |
9,62% |
|
Different services |
1.413.573,97 |
1.448.015,75 |
(2,38)% |
|
Rents and leases |
982.656,65 |
938.724,58 |
4,68% |
|
Of which: Rents from land |
- |
- |
- |
|
Communication |
66.237,61 |
76.472,03 |
(13,38)% |
|
Insurance |
219.338,71 |
273.656,29 |
(19,85)% |
|
Royalties |
- |
- |
- |
|
Litigation and Notaries |
5.967,54 |
6.950,68 |
(14,14)% |
|
Representation expenses |
29.821,38 |
23.215,53 |
28,45% |
|
Cleaning, hygiene and comfort |
71.530,27 |
94.284,46 |
(24,13)% |
|
Other services |
38.021,81 |
34.712,18 |
9,53% |
|
Deliberation of
Approval of Accounts |
|
Were the financial year's accounts approved? |
|
|
YES |
|
|
Data da Aprovação: 28-03-2014 |
|
|
By (Unanimity/Majority): |
|
|
Unanimity |
|
|
Percentage of issued votes related to the share capital subscribed
with voting right |
|
|
100 |
|
|
The accounts were approved: |
|
|
Under article 263rd number 2 of CSC
(Portuguese Companies Act) |
|
|
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 |
13.742.992,84 |
13.206.576,34 |
|
Allocated results / Available profits |
6.000.000,00 |
5.500.000,00 |
|
Percentages or bonuses to managing bodies |
- |
- |
|
Ditto to staff |
- |
- |
|
Reserves |
- |
- |
|
Coverage of losses |
- |
- |
|
7. Others |
- |
- |
|
BALANCE (1-2-3-4-5-6-7) |
7.742.992,84 |
7.706.576,34 |
|
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: 501776311 |
|
|
Was the Legal certification of accounts issued? |
|
|
YES |
|
|
With emphasis |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.95 |
|
UK Pound |
1 |
Rs.97.16 |
|
Euro |
1 |
Rs.76.75 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.