MIRA INFORM REPORT

 

 

Report Date :

16.12.2014

 

 

IDENTIFICATION DETAILS

 

Name :

ERNESTO SANTOS PARAISO LDA

 

 

Registered Office :

Rua Manuel Saraiva Brandão, 250, Guimaraes, 4810-242-Guimaraes Braga

 

 

Country :

Portugal

 

 

Financials (as on) :

2013

 

 

Date of Incorporation :

27.03.1980

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Commerce de gros (commerce interentreprises) of surgelés produits (4639A) Wholesale of textile yarn, lines and industrial chemicals, import and export

 

 

No of Employees :

2

 

 

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 :

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 – September 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

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

 

Identification

 

Name

ERNESTO SANTOS PARAISO LDA

V.A.T. Number / NIF

500969728

Address

Rua Manuel Saraiva Brandão, 250

Locality

Guimaraes

Postal Code

4810-242-GUIMARAES

Municipality

GUIMARAES

District

BRAGA

Telephone

253412011, 966029954

 

 

C.A.E.(Rev 3)

46410- Wholesale trade of textiles

 

 

Financial Highlights

 

 

2011

 

2012

 

2013

Net Sales

275.656,70

 

241.211,76

 

455.122,11

Net Income For the Year

363,30

 

2.812,21

 

576,96

Shareholders Funds

164.847,15

 

167.659,36

 

140.524,78

Stocks

26.025,79

 

68.766,84

 

64.332,46

LIABILITY

24.050,23

 

77.157,28

 

147.645,79

ASSETS

188.897,38

 

244.816,64

 

288.170,57

 

 

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

Private Limited Company

Constitution

27-03-1980

V.A.T. Number / NIF

500969728

Employees

2

Capital

15.000,00

Sales in : 31-12-2013

455.122,11

Shareholders Funds in: 31-12-2013

140.524,78

Credit Risk Level

Low Credit Risk

Credit Limit

19.952,00

Payments

Good

Credit Recommendation

Credit Worthy

Rating

I2

Actual Condition

In activity

 

 

Management Bodies

 

EDUARDO FERNANDO LIS SOARES PARAISO

Manager

 

 

Legal Structure

.

Registered on the Register Record Office of Guimaraes with the Register Number 500969728 previous number 1611 in 01-01-1980

Constitution celebrated in 27-03-1980 published on Diário da República number 90 of 17-04-1980

To oblige the company it is necessary 1 signatures

 

 

Changes to Society

 

 

In 22-11-2013 on Portal MJ of 22-11-2013 update of the Head Office Village

In 07-06-2011 on Portal MJ of 07-06-2011 management resignation

In 22-03-2010 on Portal MJ of 23-03-2010 social change

In 26-05-1998 on Diário da República number 189 of 18-08-1998 manager change

 

Capital

 

The Capital is 15.000,00

 

 

with the following distribution

 

ERNESTO SANTOS PARAISO

13.650,00

91%

MARIA ODETE LIS SOARES SILVA PARAISO

1.350,00

9%

 

 

Biographies

 

 

Name

ERNESTO SANTOS PARAISO

Function

Partner

Address

Rua Manuel Saraiva Brandão, 250

Locality

Guimaraes (Sao Paio)

Civil State

Married

Consort

Maria Odete Lis Soares da Silva Paraíso

Previous Connections

Exerceu a sua actividade como empresário em nome individual.

 

Name

EDUARDO FERNANDO LIS SOARES PARAISO

Function

Manager

Locality

Guimaraes

 

Name

MARIA ODETE LIS SOARES SILVA PARAISO

Function

Partner

Address

Rua Manuel Saraiva Brandão, 250

Locality

Guimaraes (Sao Paio)

Civil State

Married

Consort

Ernesto Santos Paraíso

 

 

Activities

 

Line of Business

Percentage

Commerce de gros (commerce interentreprises) of surgelés produits (4639A) Wholesale of textile yarn, lines and industrial chemicals, import and export

100%



Type of Clients

Industries/Private Companies

 

 

Sales Conditions

Cash/credit

 

 

 

 

Geographic Distribution of Sales

 

 

Internal Market

 

International Market

 

 

Year

 

EU

Extra-EU

Total

 

 

2013

455.122,11

100,00%

0,00

0,00%

0,00

0,00%

455.122,11

 

2011

275.656,70

100,00%

0,00

0,00%

0,00

0,00%

275.656,70

 

2010

308.422,57

100,00%

0,00

0,00%

0,00

0,00%

308.422,57

 

 

 

Geographic Distribution of Purchases

 

 

Internal Market

 

International Market

 

 

Year

 

EU

Extra-EU

Total

 

 

2013

48.230,15

14,44%

0,00

0,00%

285.660,69

85,56%

333.890,84

 

2011

130.877,00

98,38%

0,00

0,00%

2.153,94

1,62%

133.030,94

 

2010

44.182,76

18,47%

0,00

0,00%

194.999,26

81,53%

239.182,02

 

 

 

Banks and Financial Institutions

 

BANCO SANTANDER TOTTA SA

Guimarães

 

Incidents

 

There are no of incidents on our database

 

 

Employees

 

Year

Total

Men

Women

 

 

2013

2

1

50%

1

50%

 

2011

1

1

100%

0

0%

 

2010

2

1

50%

1

50%

 

 

 

Head Office and Installations

 

Head office and installations Rua Manuel Saraiva Brandão, 250, Guimaraes, 4810-242, GUIMARAES, Tel:253412011

 

 

Financial Demonstration SNC

 

Balance Sheet SNC

CoinEUROS

 

Year:2013

 

 

 

2013

2012

2011

% Var.2013/12

 

ASSET

 

 

 

 

 

 

 

 

Non-current assets

 

 

 

 

 

 

 

 

Tangible fixed assets

38.901,98

47.215,60

47.506,75

(17,61)%

 

 

Investment properties

-

-

-

-

 

 

Goodwill

-

-

-

-

 

 

Intangible assets

198,68

-

-

-

 

 

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)

-

-

-

-

 

 

Total

39.100,66

47.215,60

47.506,75

(17,19)%

 

 

 

 

 

 

 

 

 

Current assets

 

 

 

 

 

 

 

 

Inventories

64.332,46

68.766,84

26.025,79

(6,45)%

 

 

Biological assets

-

-

-

-

 

 

Costumers

169.961,66

103.732,18

78.719,45

63,85%

 

 

Advances to suppliers

-

-

-

-

 

 

State and other public entities

3.895,62

10.314,31

1.467,84

(62,23)%

 

 

Shareholders/partners

-

-

-

-

 

 

Other accounts receivable

-

4.202,04

-

-

 

 

Deferrals

-

-

-

-

 

 

Financial assets held for trading

-

-

-

-

 

 

Other financial assets

-

-

-

-

 

 

Non-current assets held for sale

-

-

-

-

 

 

Other current assets

-

-

-

-

 

 

Cashier and bank deposits

10.880,17

10.585,67

35.177,55

2,78%

 

 

Total

249.069,91

197.601,04

141.390,63

26,05%

 

 

 

 

 

 

 

 

 

TOTAL ASSET

288.170,57

244.816,64

188.897,38

17,71%

 

 

 

 

 

 

 

 

 

SHAREHOLDERS FUNDS AND LIABILITIES

 

 

 

 

 

 

 

 

SHAREHOLDERS FUNDS

 

 

 

 

 

 

 

 

Capital

15.000,00

15.000,00

15.000,00

-

 

 

Own shares

-

-

-

-

 

 

Other shareholders funds instruments

-

-

-

-

 

 

Emission premiuns

-

-

-

-

 

 

Legal reserves

3.000,00

3.000,00

2.992,79

-

 

 

Other reserves

80.666,54

105.565,87

105.209,78

(23,59)%

 

 

Net retained

-

-

-

-

 

 

Adjustments on financial assets

-

-

-

-

 

 

Revaluation surplus

41.281,28

41.281,28

41.281,28

-

 

 

Other shareholders funds changes

-

-

-

-

 

 

Total

139.947,82

164.847,15

164.483,85

(15,10)%

 

 

 

 

 

 

 

 

 

Net income for the period

576,96

2.812,21

363,30

(79,48)%

 

 

Antecipated dividends

-

-

-

-

 

 

TOTAL OF SHAREHOLDERS FUNDS

140.524,78

167.659,36

164.847,15

(16,18)%

 

 

 

 

 

 

 

 

 

LIABILITY

 

 

 

 

 

 

 

 

Non-current liiabilities

 

 

 

 

 

 

 

 

Provisions

-

-

-

-

 

 

Financing obtained

-

-

-

-

 

 

Responsability for post-employment beneficts

-

-

-

-

 

 

Diferred taxes liabilities

-

-

-

-

 

 

Other payable accounts

-

-

-

-

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

Current liabilities

 

 

 

 

 

 

 

 

Suppliers

84.780,77

69.125,58

9.336,02

22,65%

 

 

Advances from costumers

-

-

-

-

 

 

State and other public entities

7.782,16

4.356,33

8.925,55

78,64%

 

 

Shareholders/partners

-

-

-

-

 

 

Financing obtained

-

-

-

-

 

 

Other payable accounts

55.082,86

3.675,37

5.788,66

1.398,70%

 

 

Deferrals

-

-

-

-

 

 

Financial liabilities held for trading

-

-

-

-

 

 

Other financial liabilities

-

-

-

-

 

 

Non-current liabilities held for sale

-

-

-

-

 

 

Other current liabilities

-

-

-

-

 

 

Total

147.645,79

77.157,28

24.050,23

91,36%

 

 

 

 

 

 

 

 

 

TOTAL LIABILITIES

147.645,79

77.157,28

24.050,23

91,36%

 

 

 

 

 

 

 

 

 

TOTAL SHAREHOLDERS FUNDS AND LIABILITIES

288.170,57

244.816,64

188.897,38

17,71%

 

 

 

 

INCOME STATEMENT

 

INCOME AND EXPENSES

 

Sales and services

455.122,11

241.211,76

275.656,70

88,68%

Operating government grants

-

-

-

-

Gains/losses allocated subsidiaries, associates and joint ventures

-

-

-

-

Variation in production inventories

-

-

-

-

Work for the entity itself

-

-

-

-

Cost of goods sold and materials consumed

338.325,22

(158.988,33)

155.794,15

(312,80)%

Suppliers and external services

55.708,08

(33.823,25)

44.827,67

(264,70)%

Personnel costs

26.715,39

(19.653,96)

23.431,52

(235,93)%

Impairment of inventories (losses/revearsals)

-

-

-

-

Impairment of receivables (losses/revearsals)

10.608,29

(19.904,18)

39.808,37

(153,30)%

Provisions (increases/reductions)

-

-

-

-

Impairment of investments not depreciable/amortizable (losses/reversals)

-

-

-

-

Other impairments (losses/reversals)/impairments (losses/reversals) (exclusive use by small entities and microentities)

-

-

-

-

Increases/decreases in fair value

-

-

-

-

Other income and gains

1.616,90

0,73

3.000,00

221.393,15%

Other expenses and losses

1.519,57

(2.539,81)

3.928,57

(159,83)%

Result before depreciation, financing costs and taxes

23.862,46

6.302,96

10.866,42

278,59%

 

 

 

 

 

Expenses/reversals of depreciation and amortization

17.362,09

(291,15)

7.641,15

(6.063,28)%

Impairment of investments depreciable/amortizable (losses/reversals)

-

-

-

-

Operating result (before financing costs and taxes)

6.500,37

6.011,81

3.225,27

8,13%

 

 

 

 

 

Interest and similar income obtained

-

-

-

-

interest and similar expenses incurred

36,52

-

56,51

-

Net before taxes

6.463,85

6.011,81

3.168,76

7,52%

 

 

 

 

 

Income tax of the period

5.886,89

(3.199,60)

2.805,46

(283,99)%

Net profit for the period

576,96

2.812,21

363,30

(79,48)%

 

 

 

 

 

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

0,004

0,017

0,002

 

 

 

Assets Profitability

0,023

0,025

0,017

 

 

 

Sales Net Profitability

0,001

0,012

0,001

 

 

 

 

 

EFFICIENCY RATIOS

 

Medium Term Receivable

136,306

156,967

104,233

 

 

 

Asset Rotation

1,579

0,985

1,459

 

 

 

 

 

PRODUCTIVITY RATIOS

 

Productivity

4,372

(20,362)

5,115

 

 

 

 

 

SHORT TERM RATIOS

 

General Liquidity

1,687

2,561

5,879

 

 

 

Reduced Liquidity

1,251

1,67

4,797

 

 

 

Immediate Liquidity

0,074

0,137

1,463

 

 

 

 

 

MEDIUM LONG TERM RATIOS

 

Financial Autonomy

0,488

0,685

0,873

 

 

 

Solvability

0,952

2,173

6,854

 

 

 

Borrowed Capital Structure

1

1

1

 

 

 

Debt Structure

1

1

1

 

 

 

 

 

Operational and Financial Risk

 

Operational Leverage Level

17,968

66,569

37,164

 

 

 

Financial Leverage Level

1,006

1

1,018

 

 

 

Combined Leverage Level

18,076

66,569

37,833

 

 

 

 

CASH FLOW STATEMENT

 

 

2013

2012

PERIODS

 

CASH FLOWS FROM OPERATIONAL ACTIVITIES

 

 

 

Customers receipts

377.489,53

 

 

Payments to suppliers

373.943,73

 

 

Payments to employees

24.665,97

 

 

Cash at bank generated from operations

(21.120,17)

 

 

Payment/receipt of income tax

(3.445,52)

 

 

Other receipts/payments

34.138,75

 

 

Cash Flows from Operational Activities (A)

9.573,06

 

 

CASH FLOWS' INVESTMENT ACTIVITIES

 

 

 

Payments regarding:

 

 

 

Fixed tangible assets

8.949,15

 

 

Intangible assets

298,00

 

 

Financial investments

0,00

 

 

Other assets

0,00

 

 

Receipts from:

 

 

 

Fixed tangible assets

0,00

 

 

Intangible assets

0,00

 

 

Financial investments

0,00

 

 

Other assets

0,00

 

 

Investment subsidies

0.00

 

 

Interest and similar income

5,11

 

 

Dividends

0,00

 

 

Cash Flows' Investments Activities (B)

(9.242,04)

 

 

CASH FLOWS' INVESTMENT ACTIVITIES

 

 

 

Receipts from:

 

 

 

Obtained financing

0,00

 

 

Paying-up of capital and other equity instruments

0,00

 

 

Coverage of losses

0,00

 

 

Donations

0,00

 

 

Other financing operations

0,00

 

 

Payments regarding:

 

 

 

Obtained financing

0,00

 

 

Interests and similar expenses

36,52

 

 

Dividends

0,00

 

 

Capital's redution and other equity instruments

0,00

 

 

Other financing operations

0,00

 

 

Cash Flows' Financing Activities ©

(36,52)

 

 

Variation in cash at bank and its equivalents (A+B+C)

294,50

 

 

Effect of exchange differences

0,00

 

 

Cash at bank and its equivalents at the start of period

10.585,67

 

 

Cash at bank and its equivalents at the end of period

10.880,17

 

 

 

 

CASH FLOWS

 

 

Movimentos do Periodo de 2013

Rubrics

Initial balance

Debits

Credits

Final balance

 

PERIOD'S CARRYING AMOUNT AND MOVEMENTS

 

Cash in hand

6.591,69

0,00

0,00

6.591,69

Order deposits

3.993,98

527.558,72

527.264,22

4.288,48

Other bank deposits

0,00

0,00

0,00

0,00

Total cash at bank and bank deposits

10.585,67

527.558,72

527.264,22

10.880,17

Of which: Bank deposits abroad

0,00

0,00

0,00

0,00

 

 

Rubrics

Value

 

OTHER INFORMATION

 

Receipts from:

 

Non-life insurance claims

0,00

Operating subsidies

0,00

Cash at bank and its equivalents not available for use

0,00

 

 

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

0,00

0,00

0,00

0,00

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

10.608,29

0,00

10.608,29

Other receivables

-

-

0,00

Equity instruments and other securities

-

-

0,00

Others

-

-

0,00

TOTAL

10.608,29

0,00

10.608,29

 

 

DEBTS REGISTERED AS DOUBTFUL

 

Rubrics

Value

 

Regarding insolvency and company recovery procedures or enforcement procedures

0,00

Claimed in court

8.218,37

In arrears:

88.200,13

Over six months and up to twelve months

0,00

Over twelve months and up to eighteen months

4.779,84

Over eighteen months and up to twenty four months

0,00

Over twenty four months

83.420,29

TOTAL

96.418,50

 EMPLOYEE BENEFITS, COMPANY EMPLOYEES AND PERSONNEL COSTS

 

Rubrics

Average number of employees

Average number of hours worked

 

Company employees, paid and unpaid

2

3.812

Paid company employees

2

3.812

Company UNPAID employees

0

0

Company employees, by type of working hours

 

 

Full time company employees

2

3.812

Of which: Full time company employees

2

3.812

Part time company employees

0

0

Of which: Part time company employees

0

0

Company employees, by gender:

 

 

Men

1

1.906

Women

1

1.906

Company employees, of which:

 

 

Company employees assigned to Research and Development

0

-

Service providers

0

0

People placed through temporary employment agencies

0

-

 

 

Staff costs

 

Rubrics

Value

 

Staff costs

26.715,39

Governance Bodies Remuneration

14.000,00

Of which: Profit-sharing

0,00

Employees remuneration

7.804,62

Of which: Profit-sharing

0,00

Post-employment benefits

0,00

Pension premiums

-

Other benefits

-

Of which:

 

For defined contribution plans - corporate bodies

-

For defined contribution plans - others

-

Compensations

0,00

Charges on remunerations

4.910,77

Insurance for accidents at work and professional diseases

0,00

Social security expenses

0,00

Other staff costs

0,00

Of which:

 

Expenditure on education

-

Expenditure on uniforms

-

 

 

INFORMATION BY GEOGRAPHIC MARKETS

 

Geographic markets

 

Rubrics

Internal

EU

Extra-EU

Total

 

Sales

402.713,65

0,00

0,00

402.713,65

Services provided

52.408,46

0,00

0,00

52.408,46

Purchases

48.230,15

0,00

285.660,69

333.890,84

Supplies and external services

55.708,08

0,00

0,00

55.708,08

Acquisition of fixed tangible assets

8.949,15

0,00

0,00

8.949,15

Acquisition of investment properties

0,00

0,00

0,00

0,00

Acquisition of intangible assets

298,00

0,00

0,00

298,00

Supplementary income:

0,00

0,00

0,00

0,00

Social services

0,00

0,00

0,00

0,00

Equipment rental

0,00

0,00

0,00

0,00

Studies, projects and technological assistance

0,00

0,00

0,00

0,00

Royalities

0,00

0,00

0,00

0,00

Others

0,00

0,00

0,00

0,00

Memorandum: Sales and services provided (undiscounted values)

0,00

0,00

0,00

0,00

Memorandum: Purchases and supplies and external services (undiscounted values)

0,00

0,00

0,00

0,00

 

 

RECEIVABLE AND PAYABLE ACCOUNTS

 

Rubrics

2013

2012

PERIODS

 

Customers

 

 

Trade accounts receivable

263.990,24

 

 

Trade notes receivable

0,00

 

 

Advances received from customers

0,00

 

 

Suppliers

 

 

 

Trade accounts payable

84.780,77

 

 

Trade notes payable

0,00

 

 

Trade accounts payable - unchecked invoices

0,00

 

 

Advances to suppliers

0,00

 

 

Staff

 

 

 

Payable remunerations

1.310,87

 

 

Advanced payments

0,00

 

 

Bonds

0,00

 

 

Other operations

0,00

 

 

State and other public sector institutions

 

 

 

Income Tax

2.166,57

 

 

Deductible IVA (debt cumulative amounts)

80.404,95

 

 

Paid IVA (credit cumulative amounts)

106.077,30

 

 

Shareholders / partners

 

 

 

Shareholders with subscription

0,00

 

 

Unreleased quotas

0,00

 

 

Advances for profits

0,00

 

 

Allocated results

 

 

 

From the perspective of the entity distributing profits

0,00

 

 

From the perspective of the entity with allocated profits

0,00

 

 

Available profits

 

 

 

From the perspective of the entity distributing profits

0,00

 

 

From the perspective of the entity with allocated profits

0,00

 

 

Granted loans - parent company

0,00

 

 

Granted loans - subsidiary companies, associated companies and joint ventures

0,00

 

 

Granted loans - other shareholders/partners

0,00

 

 

Of which: Participating companies

0,00

 

 

Other operations

 

 

 

Debit status

0,00

 

 

Credit status

0,00

 

 

Other receivable and payable accounts

 

 

 

Investment providers - general accounts

0,00

 

 

Trade accounts payable - unchecked invoices

0,00

 

 

Advanced payments to investment providers

0,00

 

 

additional income - Debtors

0,00

 

 

additional expenses - Creditors

3.675,38

 

 

Deferred tax assets

0,00

 

 

Deferred tax liabilities

0,00

 

 

Unreleased subscriptions - Creditors

0,00

 

 

Advances received on account of sales

0,00

 

 

Other debtors and creditors

 

 

 

Other debtors

0,00

 

 

Other creditors

50.096,61

 

 

 

 

EXPENSE ACCOUNTS

 

Rubrics

2013

2012

PERIODS

 

Supplies and external services

55.708,08

 

 

Subcontracts

725,30

 

 

Specialized services

20.509,30

 

 

Specialized works

1.996,39

 

 

Of which: Payments to workers placed through agencies

0,00

 

 

Advertising and promotion

6.000,00

 

 

Surveillance and security

0,00

 

 

Fees

0,00

 

 

Comissions

0,00

 

 

Maintenance and repairs

4.303,23

 

 

Others

8.209,68

 

 

Materials

704,24

 

 

Fast wear tools and utensils

170,90

 

 

Books and technical documentation

0,00

 

 

Office material

60,15

 

 

Gift items

473,19

 

 

Others

0,00

 

 

Energy and fluids

5.177,75

 

 

Electricity

0,00

 

 

Fuels

5.177,75

 

 

Water

0,00

 

 

Others

0,00

 

 

Travel, lodging and transportation

19.570,14

 

 

Travel and lodging

17.518,90

 

 

Transport of personnel

0,00

 

 

Transport of goods

2.051,24

 

 

Others

0,00

 

 

Different services

9.021,35

 

 

Rents and leases

2.800,00

 

 

Of which: Rents from land

0,00

 

 

Communication

846,19

 

 

Insurance

1.355,69

 

 

Royalties

0,00

 

 

Litigation and Notaries

80,00

 

 

Representation expenses

3.939,47

 

 

Cleaning, hygiene and comfort

0,00

 

 

Other services

0,00

 

 

 

 

Deliberation of Approval of Accounts

 

Were the financial year's accounts approved?

 

YES

 

Data da Aprovação: 31-03-2014

 

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 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

576,96

 

Allocated results / Available profits

0,00

 

Percentages or bonuses to managing bodies

0,00

 

Ditto to staff

0,00

 

Reserves

576,96

 

Coverage of losses

-

 

7. Others

0,00

 

BALANCE (1-2-3-4-5-6-7)

0,00

 

 

 

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. 62.65

UK Pound

1

Rs. 98.53

Euro

1

Rs. 78.01

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

DPT

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.