MIRA INFORM REPORT

 

 

Report Date :

17.12.2014

 

IDENTIFICATION DETAILS

 

Name :

MUNDIFIOS-COMERCIO DE FIOS SA

 

 

Registered Office :

Parque Industrial de São João de Ponte, Pavilhão F11 - Apartado 534 Guimaraes 4801-914-Guimaraes Braga

 

 

Country :

Portugal

 

 

Financials (as on) :

2013

 

 

Date of Incorporation :

31.07.1985

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Wholesale trade of textiles

 

 

No. of Employees

32

 

 

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)

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

Company name and address

 

 

Name

MUNDIFIOS-COMERCIO DE FIOS SA

IIC Number

91366

V.A.T. Number / NIF

501612920

Address

Parque Industrial de São João de Ponte, Pavilhão F11 - Apartado 534

Locality

Guimaraes

Postal Code

4801-914-GUIMARAES

Municipality

GUIMARAES

District

BRAGA

Telephone

253470400

Fax

253470407

E-Mail

mundifios@mundifios.pt

Web Site

www.mundifios.pt

 

 

C.A.E.(Rev 3)

46410- Wholesale trade of textiles

 

 

Financial Highlights

 

 

 

2011

 

2012

 

2013

Net Sales

82.524.886,32

71.359.096,19

69.374.124,13

Net Income For the Year

3.921.544,96

2.737.451,32

3.367.277,95

Shareholders Funds

24.422.584,47

27.160.035,79

33.220.440,20

Stocks

7.777.026,51

7.819.180,07

9.758.216,43

LIABILITY

14.945.620,24

11.167.734,45

11.059.762,72

ASSETS

39.368.204,71

38.327.770,24

44.280.202,92

 

 

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

31-07-1985

V.A.T. Number / NIF

501612920

Employees

32

Capital

10.000.000,00

Sales in : 31-12-2013

69.374.124,13

Shareholders Funds in: 31-12-2013

33.220.440,20

Credit Risk Level

Reduced Credit Risk

Credit Limit

2.992.787,40

Payments

Good

Credit Recommendation

Credit Worthy

Rating

C2

Actual Condition

In activity

 

 

Governing Bodies

 

 

 

Board of Director's

JOAQUIM PINHEIRO FERNANDES

Board of Director's President

RITA MARIA DE CASTRO FERNANDES

Administrator

JOAQUIM ANTONIO CASTRO FERNANDES

Administrator

 

Fiscal Board

RIBEIRO DA SILVA & ASSOCIADO-SROC LDA

Unique Fiscal

RUI ALBERTO MACHADO DE SOUSA

Fiscal Board Substitute

 


Legal Structure

 

 

Registed on the Register Record Office of Guimaraes with the Register Number 501612920 previous number 2413 in 31-07-1985

Constitution celebrated in 31-07-1985 published on Diário da República number 192 of 22-08-1985

To oblige the company it is necessary 2 signature

 

 

Changes to Society

 

 

In 29-03-2013 on Portal MJ of 08-07-2013 board of director's change

In 30-03-2010 on Portal MJ of 21-10-2010 board of director's change

In 27-12-2007 on Portal MJ of 07-01-2008 increase of capital Clique para ver detalhes

para 10.000.000 euros.

In 07-02-2006 on Portal MJ of 30-11-2007 board of director's change

In 30-06-2005 on Portal MJ of 27-01-2006 board of director's change

 

Capital

 

The Capital is 10.000.000,00 , divided in 2000000 shares , with a nominal value of 5,00

 

 

Activities

 

Line of Business

Percentage

Manufacturing and marketing of textile yarn

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

52.534.966,36

75,73%

14.676.128,83

21,16%

2.163.028,94

3,12%

69.374.124,13

 

2012

49.759.109,98

69,73%

17.681.598,35

24,78%

3.918.387,86

5,49%

71.359.096,19

 

2011

61.722.604,13

74,79%

17.911.368,33

21,70%

2.890.913,86

3,50%

82.524.886,32

 

2010

46.573.516,28

72,91%

12.212.800,26

19,12%

5.093.000,17

7,97%

63.879.316,71

 

 

Geographic Distribution of Purchases

 

 

Internal Market

 

International Market

 

 

Year

 

EU

Extra-EU

Total

 

 

2013

9.845.954,28

15,54%

748.177,34

1,18%

52.753.453,98

83,28%

63.347.585,60

 

2012

8.201.072,52

12,82%

1.458.432,08

2,28%

54.334.877,89

84,91%

63.994.382,49

 

2011

7.735.224,00

10,66%

3.648.967,00

5,03%

61.191.269,32

84,31%

72.575.460,32

 

2010

7.032.481,54

12,43%

3.785.781,31

6,69%

45.766.610,01

80,88%

56.584.872,86

 

 

Banks and Financial Institutions

 

BANCO SANTANDER TOTTA SA

Pevidém - Guimarães

MILLENNIUM BCP

Guimarães

 

Incidents

 

There are no of incidents on our database

 

Employees

 

Year

Total

Men

Women

 

 

2013

32

20

63%

12

38%

 

2012

30

24

80%

6

20%

 

2011

28

20

71%

8

29%

 

2010

29

23

79%

6

21%

 

 

Head Office and Installations

 

Head office and installations Parque Industrial de São João de Ponte, Pavilhão F11 - Apartado 534, Guimaraes, 4801-914, GUIMARAES, Tel:253470400, Fax:253470407

 

Participations

 

The subject participates on the following company(ies)

 

IIC Number

402255

NAME

AVEFIOS-TINTURARIA DE FIOS LDA

Address

Parque Industrial de São João de Ponte, Pavilhão F11 - Apartado 534

Locality

Guimaraes

Telephone

253470400

E-Mail

avefios@gmail.com

C.A.E.

13301- Bleaching and Dyeing

Capital

200.000,00

Participation

80%

 

Special Information

 

Event

General Description

Quality Certification

A titular é uma empresa certificada segundo a Norma NP EN ISO 9001:2000, desde 1999.

 

Financial data

 

Demonstration SNC

Balance Sheet SNC

CoinEUROS

 

Year:2013

 

 

 

2013

2012

2011

% Var.2013/12

 

ASSET

 

 

 

 

 

 

 

 

Non-current assets

 

 

 

 

 

 

 

 

Tangible fixed assets

1.170.382,98

1.316.472,12

1.258.301,08

(11,10)%

 

 

Investment properties

-

-

-

-

 

 

Goodwill

-

-

-

-

 

 

Intangible assets

1.875,00

4.278,10

1.794,64

(56,17)%

 

 

Biological assets

-

-

-

-

 

 

Financial participations - patrimonial equity method

4.857.700,32

1.422.549,99

1.325.535,91

241,48%

 

 

Financial participations - other methods

26.197,11

950.926,66

26.197,11

(97,25)%

 

 

Shareholders/partners

-

-

-

-

 

 

Other financial assets

1.303.533,72

240.000,00

-

443,14%

 

 

Deferred tax assets

66.142,23

26.013,62

-

154,26%

 

 

Financial investments(exclusive use by small entities and micro entities)

-

-

-

-

 

 

Total

7.425.831,36

3.960.240,49

2.611.828,74

87,51%

 

 

 

 

 

 

 

 

 

Current assets

 

 

 

 

 

 

 

 

Inventories

9.758.216,43

7.819.180,07

7.777.026,51

24,80%

 

 

Biological assets

-

-

-

-

 

 

Costumers

19.874.323,22

19.970.553,64

22.027.121,93

(0,48)%

 

 

Advances to suppliers

1.393.614,26

680.913,22

47.304,56

104,67%

 

 

State and other public entities

291.634,81

1.145.264,03

1.910.511,91

(74,54)%

 

 

Shareholders/partners

-

-

-

-

 

 

Other accounts receivable

138.852,18

158.117,07

184.513,68

(12,18)%

 

 

Deferrals

42.963,46

40.267,00

34.492,28

6,70%

 

 

Financial assets held for trading

-

-

-

-

 

 

Other financial assets

-

-

240.000,00

-

 

 

Non-current assets held for sale

-

-

-

-

 

 

Other current assets

-

-

-

-

 

 

Cashier and bank deposits

5.354.767,20

4.553.234,72

4.535.405,10

17,60%

 

 

Total

36.854.371,56

34.367.529,75

36.756.375,97

7,24%

 

 

 

 

 

 

 

 

 

TOTAL ASSET

44.280.202,92

38.327.770,24

39.368.204,71

15,53%

 

 

 

 

 

 

 

 

 

SHAREHOLDERS FUNDS AND LIABILITIES

 

 

 

 

 

 

 

 

SHAREHOLDERS FUNDS

 

 

 

 

 

 

 

 

Capital

10.000.000,00

10.000.000,00

10.000.000,00

-

 

 

Own shares

(221.900,00)

(221.900,00)

(221.900,00)

-

 

 

Other shareholders funds instruments

-

-

-

-

 

 

Emission premiuns

-

-

-

-

 

 

Legal reserves

1.709.783,50

1.572.910,94

1.376.833,69

8,70%

 

 

Other reserves

14.821.674,82

12.307.999,49

8.605.965,99

20,42%

 

 

Net retained

-

-

-

-

 

 

Adjustments on financial assets

3.543.603,93

763.574,04

740.139,83

364,08%

 

 

Revaluation surplus

-

-

-

-

 

 

Other shareholders funds changes

-

-

-

-

 

 

Total

29.853.162,25

24.422.584,47

20.501.039,51

22,24%

 

 

 

 

 

 

 

 

 

Net income for the period

3.367.277,95

2.737.451,32

3.921.544,96

23,01%

 

 

Antecipated dividends

-

-

-

-

 

 

TOTAL OF SHAREHOLDERS FUNDS

33.220.440,20

27.160.035,79

24.422.584,47

22,31%

 

 

 

 

 

 

 

 

 

LIABILITY

 

 

 

 

 

 

 

 

Non-current liiabilities

 

 

 

 

 

 

 

 

Provisions

-

-

-

-

 

 

Financing obtained

1.000.000,00

1.590.000,00

2.076.675,77

(37,11)%

 

 

Responsability for post-employment beneficts

-

-

-

-

 

 

Diferred taxes liabilities

115.803,22

87.849,84

34.832,71

31,82%

 

 

Other payable accounts

-

-

-

-

 

 

Total

1.115.803,22

1.677.849,84

2.111.508,48

(33,50)%

 

 

 

 

 

 

 

 

 

Current liabilities

 

 

 

 

 

 

 

 

Suppliers

7.106.399,34

6.895.974,15

7.980.550,39

3,05%

 

 

Advances from costumers

127.121,28

17.609,10

1.130,75

621,91%

 

 

State and other public entities

601.398,73

318.847,84

1.146.898,36

88,62%

 

 

Shareholders/partners

16.863,47

3.493,54

4.607,50

382,70%

 

 

Financing obtained

1.954.323,66

1.950.889,84

3.273.806,85

0,18%

 

 

Other payable accounts

137.853,02

303.070,14

427.117,91

(54,51)%

 

 

Deferrals

-

-

-

-

 

 

Financial liabilities held for trading

-

-

-

-

 

 

Other financial liabilities

-

-

-

-

 

 

Non-current liabilities held for sale

-

-

-

-

 

 

Other current liabilities

-

-

-

-

 

 

Total

9.943.959,50

9.489.884,61

12.834.111,76

4,78%

 

 

 

 

 

 

 

 

 

TOTAL LIABILITIES

11.059.762,72

11.167.734,45

14.945.620,24

(0,97)%

 

 

 

 

 

 

 

 

 

TOTAL SHAREHOLDERS FUNDS AND LIABILITIES

44.280.202,92

38.327.770,24

39.368.204,71

15,53%

 

 

 

 

 

 

 

 

 

INCOME STATEMENT

 

 

 

 

 

 

 

 

INCOME AND EXPENSES

 

 

 

 

 

 

 

 

Sales and services

69.374.124,13

71.359.096,19

82.524.886,32

(2,78)%

 

 

Operating government grants

-

-

-

-

 

 

Gains/losses allocated subsidiaries, associates and joint ventures

(166.908,16)

123.014,08

(69.603,92)

(235,68)%

 

 

Variation in production inventories

-

-

-

-

 

 

Work for the entity itself

-

-

-

-

 

 

Cost of goods sold and materials consumed

61.311.273,15

64.179.828,95

71.730.109,00

(4,47)%

 

 

Suppliers and external services

2.147.768,51

2.518.140,80

4.014.798,20

(14,71)%

 

 

Personnel costs

1.021.657,42

1.091.569,33

1.089.725,62

(6,40)%

 

 

Impairment of inventories (losses/revearsals)

97.276,09

(227.600,02)

227.600,02

(142,74)%

 

 

Impairment of receivables (losses/revearsals)

4.776,53

28.744,48

(125.546,31)

(83,38)%

 

 

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

1.046.239,62

1.063.320,67

1.194.504,35

(1,61)%

 

 

Other expenses and losses

560.886,70

737.830,23

984.929,24

(23,98)%

 

 

Result before depreciation, financing costs and taxes

5.109.817,19

4.216.917,17

5.728.170,98

21,17%

 

 

 

 

 

 

 

 

 

Expenses/reversals of depreciation and amortization

220.270,32

235.534,46

298.142,38

(6,48)%

 

 

Impairment of investments depreciable/amortizable (losses/reversals)

-

-

-

-

 

 

Operating result (before financing costs and taxes)

4.889.546,87

3.981.382,71

5.430.028,60

22,81%

 

 

 

 

 

 

 

 

 

Interest and similar income obtained

25.762,25

-

-

-

 

 

interest and similar expenses incurred

182.888,08

112.638,00

526.510,60

62,37%

 

 

Net before taxes

4.732.421,04

3.868.744,71

4.903.518,00

22,32%

 

 

 

 

 

 

 

 

 

Income tax of the period

1.365.143,09

1.131.293,39

981.973,04

20,67%

 

 

Net profit for the period

3.367.277,95

2.737.451,32

3.921.544,96

23,01%

 

 

 

 

 

 

 

 

 

Results of discontinued operations (net of taxes) included in the net icome of the period

-

-

-

-

 

 

 

 

RATIOS SNC

 

 

Closing Date

2013

2012

2011

 

 

 

 

TURNOVER RATIOS

 

Shareholder's Funds Profitability

0,101

0,101

0,161

 

 

 

Assets Profitability

0,11

0,104

0,138

 

 

 

Sales Net Profitability

0,049

0,038

0,048

 

 

 

 

 

EFFICIENCY RATIOS

 

Medium Term Receivable

104,565

102,149

97,424

 

 

 

Asset Rotation

1,567

1,862

2,096

 

 

 

 

 

PRODUCTIVITY RATIOS

 

Productivity

7,892

6,577

9,906

 

 

 

 

 

SHORT TERM RATIOS

 

General Liquidity

3,706

3,621

2,864

 

 

 

Reduced Liquidity

2,725

2,798

2,258

 

 

 

Immediate Liquidity

0,538

0,48

0,353

 

 

 

 

 

MEDIUM LONG TERM RATIOS

 

Financial Autonomy

0,75

0,709

0,62

 

 

 

Solvability

3,004

2,432

1,634

 

 

 

Borrowed Capital Structure

0,899

0,85

0,859

 

 

 

General Debt

0,089

0,13

0,219

 

 

 

Medium Long Term Debt

0,03

0,059

0,085

 

 

 

Debt Structure

0,899

0,85

0,859

 

 

 

Capital Structure

29,773

16,187

11,566

 

 

 

 

 

Operational and Financial Risk

 

Operational Leverage Level

1,649

1,803

1,988

 

 

 

Financial Leverage Level

1,033

1,029

1,107

 

 

 

Combined Leverage Level

1,703

1,855

2,201

 

 

 

 

 

CASH FLOW STATEMENT

 

Rubrics

2013

2012

PERIODS

 

CASH FLOWS FROM OPERATIONAL ACTIVITIES

 

 

 

Customers receipts

69.171.775,85

73.381.333,39

(5,74)%

Payments to suppliers

66.100.805,22

68.220.489,42

(3,11)%

Payments to employees

1.025.123,69

1.088.321,74

(5,81)%

Cash at bank generated from operations

2.045.846,94

4.072.522,23

(49,76)%

Payment/receipt of income tax

(1.052.996,97)

(873.842,43)

(20,50)%

Other receipts/payments

1.277.369,71

(595.831,08)

314,38%

Cash Flows from Operational Activities (A)

2.270.219,68

2.602.848,72

(12,78)%

CASH FLOWS' INVESTMENT ACTIVITIES

 

 

 

Payments regarding:

 

 

 

Fixed tangible assets

262.392,70

291.688,96

(10,04)%

Intangible assets

-

4.500,00

-

Financial investments

1.141.069,20

999.311,99

14,19%

Other assets

-

-

-

Receipts from:

 

 

 

Fixed tangible assets

202.867,22

19.893,03

919,79%

Intangible assets

-

-

-

Financial investments

-

95.000,00

-

Other assets

-

-

-

Investment subsidies

-

-

-

Interest and similar income

-

-

-

Dividends

-

-

-

Cash Flows' Investments Activities (B)

(1.200.594,68)

(1.180.607,92)

(1,69)%

CASH FLOWS' INVESTMENT ACTIVITIES

 

 

 

Receipts from:

 

 

 

Obtained financing

151.843,16

-

-

Paying-up of capital and other equity instruments

-

-

-

Coverage of losses

-

-

-

Donations

-

-

-

Other financing operations

-

-

-

Payments regarding:

 

 

 

Obtained financing

725.039,41

289.583,69

150,37%

Interests and similar expenses

196.765,08

57.587,67

241,68%

Dividends

-

-

-

Capital's redution and other equity instruments

-

-

-

Other financing operations

-

1.521.123,05

-

Cash Flows' Financing Activities ©

(769.961,33)

(1.868.294,41)

58,79%

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

299.663,67

(446.053,61)

167,18%

Effect of exchange differences

501.868,81

463.883,23

8,19%

Cash at bank and its equivalents at the start of period

4.553.234,72

4.535.405,10

0,39%

Cash at bank and its equivalents at the end of period

5.354.767,20

4.553.234,72

17,60%

 

CASH FLOWS

 

 

Movimentos do Periodo de 2013

Rubrics

Initial balance

Debits

Credits

Final balance

 

PERIOD'S CARRYING AMOUNT AND MOVEMENTS

 

Cash in hand

2.549,36

63.940.074,72

63.942.079,39

544,69

Order deposits

2.550.685,36

177.042.582,05

176.139.044,90

3.454.222,51

Other bank deposits

2.000.000,00

6.650.000,00

6.750.000,00

1.900.000,00

Total cash at bank and bank deposits

4.553.234,72

247.632.656,77

246.831.124,29

5.354.767,20

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:

218.129,88

218.129,88

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

218.129,88

218.129,88

0,00

0,00

Development projects

218.129,88

218.129,88

-

-

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

218.129,88

218.129,88

0,00

0,00

 

IMPAIRMENT LOSSES IN FINANCIAL ASSETS AT COST OR AT AMORTIZED COST

 

 

Movimentos do Periodo de 2013

Rubrics

Impairment losses

Impairment losses reversals

Total

 

Receivable debts from customers

4.776,53

-

4.776,53

Other receivables

-

-

0,00

Equity instruments and other securities

-

-

0,00

Others

-

-

0,00

TOTAL

4.776,53

0,00

4.776,53

 

DEBTS REGISTERED AS DOUBTFUL

 

Rubrics

Value

 

Regarding insolvency and company recovery procedures or enforcement procedures

113.409,26

Claimed in court

-

In arrears:

12.956,62

Over six months and up to twelve months

174,12

Over twelve months and up to eighteen months

2.000,00

Over eighteen months and up to twenty four months

-

Over twenty four months

10.782,50

TOTAL

126.365,88

 

EMPLOYEE BENEFITS, COMPANY EMPLOYEES AND PERSONNEL COSTS

 

 

Rubrics

Average number of employees

Average number of hours worked

 

Company employees, paid and unpaid

32

59.808

Paid company employees

32

59.808

Company UNPAID employees

0

0

Company employees, by type of working hours

 

 

Full time company employees

32

59.808

Of which: Full time company employees

32

59.808

Part time company employees

-

-

Of which: Part time company employees

-

-

Company employees, by gender:

 

 

Men

20

39.672

Women

12

20.136

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

1.021.657,42

Governance Bodies Remuneration

177.217,23

Of which: Profit-sharing

-

Employees remuneration

633.335,10

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

164.301,38

Insurance for accidents at work and professional diseases

5.080,56

Social security expenses

26.151,63

Other staff costs

15.571,52

Of which:

 

Expenditure on education

6.590,50

Expenditure on uniforms

-

 

INFORMATION BY GEOGRAPHIC MARKETS

 

 

Geographic markets

Rubrics

Internal

EU

Extra-EU

Total

 

Sales

51.907.809,70

14.626.771,46

2.163.028,94

68.697.610,10

Services provided

627.156,66

49.357,37

-

676.514,03

Purchases

9.845.954,28

748.177,34

52.753.453,98

63.347.585,60

Supplies and external services

1.826.213,06

321.555,45

-

2.147.768,51

Acquisition of fixed tangible assets

71.778,08

-

-

71.778,08

Acquisition of investment properties

-

-

-

0,00

Acquisition of intangible assets

-

-

-

0,00

Supplementary income:

4.091,64

0,00

0,00

4.091,64

Social services

-

-

-

0,00

Equipment rental

-

-

-

0,00

Studies, projects and technological assistance

-

-

-

0,00

Royalities

-

-

-

0,00

Others

4.091,64

-

-

4.091,64

Memorandum: Sales and services provided (undiscounted values)

49.826.208,89

15.139.284,91

2.306.926,98

67.272.420,78

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

4.266.643,92

728.124,94

52.863.506,87

57.858.275,73

 

RECEIVABLE AND PAYABLE ACCOUNTS

 

Rubrics

2013

2012

PERIODS

 

Customers

 

 

Trade accounts receivable

16.583.516,52

16.273.763,76

1,90%

Trade notes receivable

3.290.806,70

3.818.379,23

(13,82)%

Advances received from customers

127.121,28

17.609,10

621,91%

Suppliers

 

 

 

Trade accounts payable

7.106.399,34

6.895.974,15

3,05%

Trade notes payable

-

-

-

Trade accounts payable - unchecked invoices

-

-

-

Advances to suppliers

1.393.614,26

680.913,22

104,67%

Staff

 

 

 

Payable remunerations

-

-

-

Advanced payments

-

-

-

Bonds

-

-

-

Other operations

-

-

-

State and other public sector institutions

 

 

 

Income Tax

(172.373,86)

(238.822,11)

27,82%

Deductible IVA (debt cumulative amounts)

13.671.924,16

14.933.224,29

(8,45)%

Paid IVA (credit cumulative amounts)

11.863.503,39

12.270.089,53

(3,31)%

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

16.863,47

3.493,54

382,70%

Other receivable and payable accounts

 

 

 

Investment providers - general accounts

-

5.686,48

-

Trade accounts payable - unchecked invoices

-

-

-

Advanced payments to investment providers

-

-

-

additional income - Debtors

-

-

-

additional expenses - Creditors

-

129.410,37

-

Deferred tax assets

66.142,23

26.013,62

154,26%

Deferred tax liabilities

115.803,22

87.849,84

31,82%

Unreleased subscriptions - Creditors

-

-

-

Advances received on account of sales

-

-

-

Other debtors and creditors

 

 

 

Other debtors

138.852,18

158.117,07

(12,18)%

Other creditors

137.853,02

167.973,29

(17,93)%

 

 

EXPENSE ACCOUNTS

 

Rubrics

2013

2012

PERIODS

 

Supplies and external services

2.147.768,51

2.518.140,80

(14,71)%

Subcontracts

25.105,43

383.553,27

(93,45)%

Specialized services

899.992,07

921.524,91

(2,34)%

Specialized works

175.354,51

167.574,64

4,64%

Of which: Payments to workers placed through agencies

0,00

-

-

Advertising and promotion

13.346,00

6.679,00

99,82%

Surveillance and security

0,00

4.450,00

(100,00)%

Fees

0,00

-

-

Comissions

504.710,22

522.752,87

(3,45)%

Maintenance and repairs

62.034,47

84.960,12

(26,98)%

Others

144.546,87

135.108,28

6,99%

Materials

45.987,00

30.620,52

50,18%

Fast wear tools and utensils

754,41

298,24

152,95%

Books and technical documentation

51,20

369,07

(86,13)%

Office material

26.717,25

22.582,67

18,31%

Gift items

18.464,14

7.310,54

152,57%

Others

0,00

60,00

(100,00)%

Energy and fluids

149.540,23

159.246,03

(6,09)%

Electricity

21.466,92

18.161,61

18,20%

Fuels

125.013,00

139.150,74

(10,16)%

Water

1.663,71

1.075,24

54,73%

Others

1.396,60

858,44

62,69%

Travel, lodging and transportation

558.670,67

538.241,72

3,80%

Travel and lodging

45.897,15

31.903,69

43,86%

Transport of personnel

0,00

-

-

Transport of goods

512.773,52

506.338,03

1,27%

Others

0,00

-

-

Different services

468.473,11

484.954,35

(3,40)%

Rents and leases

133.380,00

133.380,00

0,00%

Of which: Rents from land

0,00

-

-

Communication

31.124,72

31.812,57

(2,16)%

Insurance

223.260,88

233.402,19

(4,34)%

Royalties

0,00

-

-

Litigation and Notaries

517,50

225,64

129,35%

Representation expenses

78.339,71

81.835,89

(4,27)%

Cleaning, hygiene and comfort

1.850,30

4.221,03

(56,16)%

Other services

0,00

77,03

(100,00)%

 

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 general meeting regularly convoked

 

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

3.367.277,95

2.737.451,32

Allocated results / Available profits

-

-

Percentages or bonuses to managing bodies

-

-

Ditto to staff

-

-

Reserves

3.282.977,72

-

Coverage of losses

-

-

7. Others

84.300,23

-

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

0,00

2.737.451,32

 

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: 507389956

 

Was the Legal certification of accounts issued?

YES

 

Without reservation and without emphasis

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.41

UK Pound

1

Rs.99.31

Euro

1

Rs.79.00

 

 

INFORMATION DETAILS

 

Report Prepared by :

TPT

 

 

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.