MIRA INFORM REPORT

 

 

Report Date :

22.12.2014

 

IDENTIFICATION DETAILS

 

Name :

MIGUEL OLIVEIRA SUCESSORES SA

 

 

Registered Office :

Rua D. João Mascarenhas, 90, Porto, 4150-419-PORTO

 

 

Country :

Portugal

 

 

Financials (as on) :

2013

 

 

Date of Incorporation :

24.04.1964

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Manufacture of chemical auxiliaries for TEXIL industry , tanneries, paper and glass , general trade , import and sale of aniline , auxiliary products for textiles and leather

 

 

No of Employees :

35

 

 

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

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

PORTUGAL - ECONOMIC OVERVIEW

 

Portugal has become a diversified and increasingly service-based economy since joining the European Community - the EU's predecessor - in 1986. Over the following two decades, successive governments privatized many state-controlled firms and liberalized key areas of the economy, including the financial and telecommunications sectors. The country qualified for the Economic and Monetary Union (EMU) in 1998 and began circulating the euro on 1 January 2002 along with 11 other EU members. The economy grew by more than the EU average for much of the 1990s, but the rate of growth slowed in 2001-08. The economy contracted in 2009, and fell again from 2011 to 2013, as the government implemented spending cuts and tax increases to comply with conditions of an EU-IMF financial rescue package, signed in May 2011. Austerity measures also have contributed to record unemployment and a wave of emigration not seen since the 1960s. Booming exports will contribute to growth and employment in 2014, but the need to continue to reduce private- and public-sector debt could weigh on consumption and investment. The government of Pedro PASSOS COELHO has stated its intention to reduce labor market rigidity, and, this, along with steps to trim the budget deficit, could make Portugal more attractive to foreign investors. The government reduced the budget deficit from 10.1% of GDP in 2009 to 5.1% in 2013, lower than the EU-IMF fiscal target of 5.5%. Despite these efforts, public debt has continued to grow and, in 2013, stands among the highest in the EU. As a result, the government may have difficulty regaining full bond market financing when the EU-IMF financing program expires in May 2014.

 

Source : CIA

Identification

 

 

 

Name

MIGUEL OLIVEIRA SUCESSORES SA

V.A.T. Number / NIF

500193347

Denomination

Mossa

Address

Rua D. João Mascarenhas, 90

Locality

Porto

Postal Code

4150-419-PORTO

Municipality

PORTO

District

PORTO

Telephone

226165500

Fax

226165529

E-Mail

info@mossaporto.com

Web Site

www.mossaporto.com

 

 

C.A.E.(Rev 3)

46750- Wholesale trade of chemicals

 

 

Sales - Sector Comparison

 

Financial Highlights

 

 

2011

2012

2013

Net Sales

5.740.375,22

5.931.592,17

6.274.311,35

Net Income For the Year

84.254,68

253.599,23

91.196,18

Shareholders Funds

4.904.753,75

5.158.352,98

5.249.549,16

Stocks

2.746.361,63

2.563.701,22

2.574.949,44

LIABILITY

7.806.783,75

7.733.836,41

7.618.520,09

ASSETS

12.711.537,50

12.892.189,39

12.868.069,25

 

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

24-04-1964

V.A.T. Number / NIF

500193347

Employees

35

Capital

1.500.000,00

Sales in : 31-12-2013

6.274.311,35

Shareholders Funds in: 31-12-2013

5.249.549,16

Credit Risk Level

Low Credit Risk

 

 

Governing Bodies

 

 

Board of Director's

MANUEL SOARES DIAS

Administrator

CARLOS CLAVEL LEITE DE CASTRO

Substitute

FERNANDO MIGUEL DA GRACA OLIVEIRA

Board of Director's President

MIGUEL PEDRO CARVALHO DA GRACA OLIVEIRA

Administrator

 

Fiscal Board

ABILIO AZEVEDO,ANTONIO BAPTISTA,ELISIO QUINTAS & LINO VIEIRA-SROC

Unique Fiscal

ANTONIO MAGALHAES & CARLOS SANTOS-SOCIEDADE DE REVISORES OFICIAIS DE CONTAS

Fiscal Board Substitute

 

Gráficos de Análise Sectorial

 

Legal Structure

 

 

Registed on the Register Record Office of Porto in 2ª. Secção with the Register Number 500193347 previous number 16001 in 22-08-1964

Constitution celebrated in 24-04-1964 published on Diário da República number 50 of 01-03-1986

To oblige the company it is necessary 2 signature

 

Changes to Society

 

In 26-11-2013 on Portal MJ of 26-11-2013 update of the Head Office Village

In 30-03-2012 on Portal MJ of 09-05-2012 board of director's change

In 19-05-2008 on Portal MJ of 20-05-2008 board of director's change

In 30-03-2004 on Diário da República number 224 of 22-09-2004 board of director's change

 

Capital

 

The Capital is 1.500.000,00 , divided in 1500000 shares , with a nominal value of 1,00

 

 

Activities

 

 

Line of Business

Percentage

Manufacture of chemical auxiliaries for TEXIL industry , tanneries, paper and glass , general trade , import and sale of aniline , auxiliary products for textiles and leather

100%



Type of Clients

Industries/Private Companies

 

 

Sales Conditions

Contract

 

 

 

Geographic Distribution of Sales

 

 

Internal Market

 

International Market

 

 

Year

 

EU

Extra-EU

Total

 

 

2013

6.149.610,05

98,01%

124.701,30

1,99%

0,00

0,00%

6.274.311,35

 

2012

5.692.081,93

95,96%

210.170,24

3,54%

29.340,00

0,49%

5.931.592,17

 

2011

5.580.430,12

97,21%

159.945,10

2,79%

0,00

0,00%

5.740.375,22

 

2010

5.838.556,40

97,98%

86.688,30

1,45%

33.965,50

0,57%

5.959.210,20

 

 

Geographic Distribution of Purchases

 

 

Internal Market

 

International Market

 

 

Year

 

EU

Extra-EU

Total

 

 

2013

481.597,98

12,07%

2.541.818,93

63,72%

965.425,07

24,20%

3.988.841,98

 

2012

552.621,52

15,48%

2.377.262,49

66,57%

640.963,46

17,95%

3.570.847,47

 

2011

345.576,43

10,00%

2.455.267,72

71,07%

653.871,73

18,93%

3.454.715,88

 

2010

315.324,19

8,78%

2.566.544,32

71,47%

709.074,94

19,75%

3.590.943,45

 

 

Denominations

 

Mossa

 

Banks and Financial Institutions

 

MILLENNIUM BCP

Avenida da Boavista - Porto

BANCO BIC PORTUGUES SA

Centro de Empresas - Porto I

BANCO SANTANDER TOTTA SA

Avenida dos Aliados - Porto

BANIF - BANCO INTERNACIONAL DO FUNCHAL, SA

Avenida dos Aliados - Porto

 

Incidents

 

There are no of incidents on our database

 

Employees

 

Year

Total

Men

Women

 

 

2013

35

21

60%

14

40%

 

2012

35

22

63%

13

37%

 

2011

33

20

61%

13

39%

 

2010

33

18

55%

15

45%

 

 

Insurance

 

Companhia de Seguros Fidelidade Mundial

General Accident Fire and Life Assurance

 

Head Office and Installations

 

Had head office Praça General Humberto Delgado, 267, Santo Ildefonso, 4000, SANTO ILDEFONSO

Head office and office Rua D.João Mascarenhas, 90 , Porto, 4150-419, PORTO, Tel:226165500, Fax:226165529

 

Special Information

 

Event

General Description

Quality Certification

A titular é uma empresa certificada segundo a Norma ISO 9001:2008.

 

Financial Demonstration SNC

Balance Sheet SNC

Coin EUROS

 

Year:2013

 

 

 

-

-

-

% Var.2013/12

 

Financial liabilities held for trading

-

-

-

-

 

Other financial liabilities

-

-

-

-

 

Non-current liabilities held for sale

-

-

-

-

 

Other current liabilities

-

-

-

-

 

Total

5.363.878,12

5.319.065,80

4.911.706,60

0,84%

 

 

 

 

 

 

 

TOTAL LIABILITIES

7.618.520,09

7.733.836,41

7.806.783,75

(1,49)%

 

 

 

 

 

 

 

TOTAL SHAREHOLDERS FUNDS AND LIABILITIES

12.868.069,25

12.892.189,39

12.711.537,50

(0,19)%

 

 

 

 

 

 

 

INCOME STATEMENT

 

 

 

 

 

 

 

 

INCOME AND EXPENSES

 

 

 

 

 

 

 

 

Sales and services

6.274.311,35

5.931.592,17

5.740.375,22

5,78%

 

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

3.977.005,54

3.695.354,88

3.603.887,31

7,62%

 

Suppliers and external services

385.536,04

383.948,70

390.851,16

0,41%

 

Personnel costs

793.016,13

791.961,24

815.258,64

0,13%

 

Impairment of inventories (losses/revearsals)

(3.988,80)

58.153,00

-

(106,86)%

 

Impairment of receivables (losses/revearsals)

-

-

133.420,84

-

 

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

143.991,68

176.333,12

238.892,72

(18,34)%

 

Other expenses and losses

497.252,96

233.779,39

281.754,35

112,70%

 

Result before depreciation, financing costs and taxes

769.481,16

944.728,08

754.095,64

(18,55)%

 

 

 

 

 

 

 

Expenses/reversals of depreciation and amortization

205.306,80

211.540,85

250.642,29

(2,95)%

 

Impairment of investments depreciable/amortizable (losses/reversals)

-

-

-

-

 

Operating result (before financing costs and taxes)

564.174,36

733.187,23

503.453,35

(23,05)%

 

 

 

 

 

 

 

Interest and similar income obtained

28.973,38

51.012,91

35.078,44

(43,20)%

 

interest and similar expenses incurred

486.485,18

510.070,05

409.926,30

(4,62)%

 

Net before taxes

106.662,56

274.130,09

128.605,49

(61,09)%

 

 

 

 

 

 

 

 

 

Income tax of the period

15.466,38

20.530,86

44.350,81

(24,67)%

 

 

Net profit for the period

91.196,18

253.599,23

84.254,68

(64,04)%

 

 

 

 

 

 

 

 

 

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

-

-

-

-

 

 

ASSET

 

 

 

 

 

 

 

 

 

Non-current assets

 

 

 

 

 

 

 

 

 

Tangible fixed assets

4.518.867,82

4.592.686,30

4.754.600,21

(1,61)%

 

Investment properties

2.043.594,00

2.086.854,74

2.130.115,48

(2,07)%

 

Goodwill

-

-

-

-

 

Intangible assets

723,20

2.443,45

4.304,47

(70,40)%

 

Biological assets

-

-

-

-

 

Financial participations - patrimonial equity method

-

-

-

-

 

Financial participations - other methods

-

-

-

-

 

Shareholders/partners

-

-

-

-

 

Other financial assets

4.500,00

2.000,00

1.250,00

125,00%

 

Deferred tax assets

-

-

-

-

 

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

-

-

-

-

 

Total

6.567.685,02

6.683.984,49

6.890.270,16

(1,74)%

 

 

 

 

 

 

 

 

Current assets

 

 

 

 

 

 

 

 

 

Inventories

2.574.949,44

2.563.701,22

2.746.361,63

0,44%

 

Biological assets

-

-

-

-

 

Costumers

2.745.710,15

2.839.580,82

2.270.899,32

(3,31)%

 

Advances to suppliers

-

-

-

-

 

State and other public entities

56.769,68

25.573,96

7.359,96

121,98%

 

Shareholders/partners

-

-

-

-

 

Other accounts receivable

132.934,27

128.706,61

130.546,97

3,28%

 

Deferrals

9.846,81

6.848,19

11.513,68

43,79%

 

Financial assets held for trading

-

-

-

-

 

Other financial assets

-

-

-

-

 

Non-current assets held for sale

-

-

-

-

 

Other current assets

-

-

-

-

 

Cashier and bank deposits

780.173,88

643.794,10

654.585,78

21,18%

 

Total

6.300.384,23

6.208.204,90

5.821.267,34

1,48%

 

 

 

 

 

 

 

TOTAL ASSET

12.868.069,25

12.892.189,39

12.711.537,50

(0,19)%

 

 

 

 

 

 

 

 

SHAREHOLDERS FUNDS AND LIABILITIES

 

 

 

 

 

 

 

 

 

SHAREHOLDERS FUNDS

 

 

 

 

 

 

 

 

 

Capital

1.500.000,00

1.500.000,00

1.500.000,00

-

 

Own shares

-

-

-

-

 

Other shareholders funds instruments

-

-

-

-

 

Emission premiuns

-

-

-

-

 

Legal reserves

170.552,76

145.193,53

136.768,06

17,47%

 

Other reserves

550.125,82

550.125,82

550.125,82

-

 

Net retained

812.058,95

580.548,77

497.797,95

39,88%

 

Adjustments on financial assets

-

-

-

-

 

Revaluation surplus

2.056.377,22

2.059.647,40

2.066.569,01

(0,16)%

 

Other shareholders funds changes

69.238,23

69.238,23

69.238,23

-

 

Total

5.158.352,98

4.904.753,75

4.820.499,07

5,17%

 

 

 

 

 

 

 

Net income for the period

91.196,18

253.599,23

84.254,68

(64,04)%

 

Antecipated dividends

-

-

-

-

 

TOTAL OF SHAREHOLDERS FUNDS

5.249.549,16

5.158.352,98

4.904.753,75

1,77%

 

 

 

 

 

 

 

 

LIABILITY

 

 

 

 

 

 

 

 

 

Non-current liiabilities

 

 

 

 

 

 

 

 

 

Provisions

-

-

-

-

 

Financing obtained

2.231.804,38

2.391.933,02

2.872.122,77

(6,69)%

 

Responsability for post-employment beneficts

-

-

-

-

 

Diferred taxes liabilities

-

22.837,59

22.954,38

-

 

Other payable accounts

22.837,59

-

-

-

 

Total

2.254.641,97

2.414.770,61

2.895.077,15

(6,63)%

 

 

 

 

 

 

 

 

Current liabilities

 

 

 

 

 

 

 

 

 

Suppliers

1.134.350,86

1.003.905,53

821.214,33

12,99%

 

Advances from costumers

-

-

-

-

 

State and other public entities

167.092,75

217.134,01

186.584,19

(23,05)%

 

Shareholders/partners

-

-

-

-

 

Financing obtained

3.890.386,09

3.897.414,97

3.681.140,60

(0,18)%

 

Other payable accounts

165.479,09

195.444,79

217.710,73

(15,33)%

 

Deferrals

6.569,33

5.166,50

5.056,75

27,15%

 

 

RATIOS SNC

 

 

Closing Date

2013

2012

2011

 

 

 

 

TURNOVER RATIOS

 

Shareholder's Funds Profitability

0,017

0,049

0,017

 

 

 

Assets Profitability

0,044

0,057

0,04

 

 

 

Sales Net Profitability

0,015

0,043

0,015

 

 

 

 

 

EFFICIENCY RATIOS

 

Medium Term Receivable

159,728

174,733

144,394

 

 

 

Asset Rotation

0,488

0,46

0,452

 

 

 

 

 

PRODUCTIVITY RATIOS

 

Productivity

2,897

2,824

2,621

 

 

 

 

 

SHORT TERM RATIOS

 

General Liquidity

1,175

1,167

1,185

 

 

 

Reduced Liquidity

0,695

0,685

0,626

 

 

 

Immediate Liquidity

0,145

0,121

0,133

 

 

 

 

 

MEDIUM LONG TERM RATIOS

 

Financial Autonomy

0,408

0,4

0,386

 

 

 

Solvability

0,689

0,667

0,628

 

 

 

Borrowed Capital Structure

0,704

0,688

0,629

 

 

 

General Debt

1,166

1,219

1,336

 

 

 

Medium Long Term Debt

0,425

0,464

0,586

 

 

 

Debt Structure

0,704

0,688

0,629

 

 

 

Capital Structure

2,328

2,136

1,694

 

 

 

 

 

Operational and Financial Risk

 

Operational Leverage Level

4,072

3,05

4,244

 

 

 

Financial Leverage Level

5,289

2,675

3,915

 

 

 

Combined Leverage Level

21,537

8,159

16,615

 

 

 

 

CASH FLOW STATEMENT

 

Rubrics

2013

2012

PERIODS

 

CASH FLOWS FROM OPERATIONAL ACTIVITIES

 

 

 

Customers receipts

5.990.632,67

5.250.135,97

14,10%

Payments to suppliers

4.242.643,23

3.766.082,79

12,65%

Payments to employees

795.922,46

787.538,43

1,06%

Cash at bank generated from operations

952.066,98

696.514,75

36,69%

Payment/receipt of income tax

(69.499,69)

(26.353,60)

(163,72)%

Other receipts/payments

(161.997,46)

(89.073,34)

(81,87)%

Cash Flows from Operational Activities (A)

720.569,83

581.087,81

24,00%

CASH FLOWS' INVESTMENT ACTIVITIES

 

 

 

Payments regarding:

 

 

 

Fixed tangible assets

86.507,33

2.683,30

3.123,92%

Intangible assets

-

1.821,88

-

Financial investments

2.500,00

750,00

233,33%

Other assets

452,35

295,00

53,34%

Receipts from:

 

 

 

Fixed tangible assets

-

-

-

Intangible assets

-

-

-

Financial investments

13.940,06

12.390,38

12,51%

Other assets

118.005,65

129.204,18

(8,67)%

Investment subsidies

-

-

-

Interest and similar income

35.714,56

67.127,88

(46,80)%

Dividends

-

-

-

Cash Flows' Investments Activities (B)

78.200,59

203.172,26

(61,51)%

CASH FLOWS' INVESTMENT ACTIVITIES

 

 

 

Receipts from:

 

 

 

Obtained financing

-

-

-

Paying-up of capital and other equity instruments

-

-

-

Coverage of losses

-

-

-

Donations

-

-

-

Other financing operations

-

-

-

Payments regarding:

 

 

 

Obtained financing

167.157,52

263.915,38

(36,66)%

Interests and similar expenses

495.233,12

531.136,37

(6,76)%

Dividends

-

-

-

Capital's redution and other equity instruments

-

-

-

Other financing operations

-

-

-

Cash Flows' Financing Activities ©

(662.390,64)

(795.051,75)

16,69%

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

136.379,78

(10.791,68)

1.363,75%

Effect of exchange differences

-

-

-

Cash at bank and its equivalents at the start of period

643.794,10

654.585,78

(1,65)%

Cash at bank and its equivalents at the end of period

780.173,88

643.794,10

21,18%

 

CASH FLOWS

 

 

Movimentos do Periodo de 2013

Rubrics

Initial balance

Debits

Credits

Final balance

 

PERIOD'S CARRYING AMOUNT AND MOVEMENTS

 

Cash in hand

27.405,42

5.989.773,57

6.012.061,61

5.117,38

Order deposits

50.888,68

15.609.186,94

15.575.519,12

84.556,50

Other bank deposits

565.500,00

125.000,00

-

690.500,00

Total cash at bank and bank deposits

643.794,10

21.723.960,51

21.587.580,73

780.173,88

Of which: Bank deposits abroad

-

-

-

0,00

 

Rubrics

Value

 

OTHER INFORMATION

 

Receipts from:

 

Non-life insurance claims

-

Operating subsidies

-

Cash at bank and its equivalents not available for use

-

 

ASSETS IMPAIRMENT

 

 

Movimentos do Periodo de 2013

 

Impairment losses

Impairment losses reversals

Rubrics

Recognized in profit and loss

Recognized in Equity

Total

Recognized in profit and loss

On revalued assets recognized in equity

Total

 

Individual assets

 

Fixed tangible assets

0,00

-

-

0,00

-

-

Goodwill

0,00

0,00

-

-

0,00

0,00

Intangible assets

0,00

-

-

0,00

-

-

Investment properties (cost model)

0,00

0,00

-

0,00

0,00

-

Investments in progress

0,00

0,00

-

0,00

0,00

-

Financial investments

0,00

0,00

-

0,00

0,00

-

TOTAL

 

 

 

 

 

 

of which: cash-generating units

0,00

0,00

-

0,00

0,00

-

 

GOVERNMENT GRANTS AND GOVERNMENT ASSISTANCE

 

 

Grants from State and other public bodies

Grants from other entities

Rubrics

Value assigned in the period or in previous periods

Value attributed to the period

Value assigned in the period or in previous periods

Value attributed to the period

 

Grants related to assets/investment:

0,00

0,00

0,00

0,00

Fixed tangible assets

0,00

0,00

0,00

0,00

Land and Natural Resources

-

-

-

-

Buildings and other structures

-

-

-

-

Basic equipment

-

-

-

-

Transport equipment

-

-

-

-

Office equipment

-

-

-

-

Biological equipment

-

-

-

-

Others

-

-

-

-

Intangible assets

0,00

0,00

0,00

0,00

Development projects

-

-

-

-

Computer programmes

-

-

-

-

Industrial property

-

-

-

-

Others

-

-

-

-

Other assets

-

-

-

-

Grants related to income / operating

-

-

-

-

Value of repayments in the period:

0,00

0,00

0,00

0,00

Grants related to assets/investment

-

-

-

-

Grants related to income / operating

-

-

-

-

TOTAL

0,00

0,00

0,00

0,00

 

IMPAIRMENT LOSSES IN FINANCIAL ASSETS AT COST OR AT AMORTIZED COST

 

 

Movimentos do Periodo de 2013

Rubrics

Impairment losses

Impairment losses reversals

Total

 

Receivable debts from customers

-

-

0,00

Other receivables

-

-

0,00

Equity instruments and other securities

-

-

0,00

Others

-

-

0,00

TOTAL

0,00

0,00

0,00

 

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

35

60.900

Paid company employees

35

60.900

Company UNPAID employees

0

-

Company employees, by type of working hours

 

 

Full time company employees

35

60.900

Of which: Full time company employees

35

60.900

Part time company employees

0

-

Of which: Part time company employees

0

-

Company employees, by gender:

 

 

Men

21

36.540

Women

14

24.360

Company employees, of which:

 

 

Company employees assigned to Research and Development

-

-

Service providers

0

-

People placed through temporary employment agencies

-

-

 

STAFF COSTS

 

 

Rubrics

Value

 

Staff costs

793.016,13

Governance Bodies Remuneration

55.218,10

Of which: Profit-sharing

-

Employees remuneration

531.231,71

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

144.917,31

Insurance for accidents at work and professional diseases

5.618,61

Social security expenses

-

Other staff costs

56.030,40

Of which:

 

Expenditure on education

-

Expenditure on uniforms

-

 

INFORMATION BY GEOGRAPHIC MARKETS

 

 

Geographic markets

Rubrics

Internal

EU

Extra-EU

Total

 

Sales

6.149.610,05

124.701,30

0,00

6.274.311,35

Services provided

-

-

-

0,00

Purchases

481.597,98

2.541.818,93

965.425,07

3.988.841,98

Supplies and external services

385.536,04

-

-

385.536,04

Acquisition of fixed tangible assets

86.507,33

-

-

86.507,33

Acquisition of investment properties

-

-

-

0,00

Acquisition of intangible assets

-

-

-

0,00

Supplementary income:

1.170,60

0,00

0,00

1.170,60

Social services

-

-

-

0,00

Equipment rental

-

-

-

0,00

Studies, projects and technological assistance

-

-

-

0,00

Royalities

-

-

-

0,00

Others

1.170,60

-

-

1.170,60

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

1.459.987,47

2.086.946,64

(30,04)%

Trade notes receivable

1.285.722,68

1.274.340,53

0,89%

Advances received from customers

-

-

-

Suppliers

 

 

 

Trade accounts payable

1.134.350,86

1.003.905,53

12,99%

Trade notes payable

-

-

-

Trade accounts payable - unchecked invoices

-

-

-

Advances to suppliers

-

-

-

Staff

 

 

 

Payable remunerations

-

-

-

Advanced payments

-

-

-

Bonds

-

-

-

Other operations

216,82

138,39

56,67%

State and other public sector institutions

 

 

 

Income Tax

26.769,68

25.573,96

4,68%

Deductible IVA (debt cumulative amounts)

989.889,56

894.134,39

10,71%

Paid IVA (credit cumulative amounts)

1.999.386,32

1.867.436,23

7,07%

Shareholders / partners

 

 

 

Shareholders with subscription

-

-

-

Unreleased quotas

-

-

-

Advances for profits

-

-

-

Allocated results

 

 

 

From the perspective of the entity distributing profits

-

-

-

From the perspective of the entity with allocated profits

-

-

-

Available profits

 

 

 

From the perspective of the entity distributing profits

-

-

-

From the perspective of the entity with allocated profits

-

-

-

Granted loans - parent company

-

-

-

Granted loans - subsidiary companies, associated companies and joint ventures

-

-

-

Granted loans - other shareholders/partners

-

-

-

Of which: Participating companies

-

-

-

Other operations

 

 

 

Debit status

-

-

-

Credit status

-

-

-

Other receivable and payable accounts

 

 

 

Investment providers - general accounts

-

-

-

Trade accounts payable - unchecked invoices

-

-

-

Advanced payments to investment providers

-

-

-

additional income - Debtors

-

-

-

additional expenses - Creditors

116.304,08

118.643,18

(1,97)%

Deferred tax assets

-

-

-

Deferred tax liabilities

-

22.837,59

-

Unreleased subscriptions - Creditors

-

-

-

Advances received on account of sales

-

-

-

Other debtors and creditors

 

 

 

Other debtors

130.581,88

128.706,61

1,46%

Other creditors

63.005,31

64.155,60

(1,79)%

 

EXPENSE ACCOUNTS

 

Rubrics

2013

2012

PERIODS

 

Supplies and external services

385.536,04

383.948,70

0,41%

Subcontracts

-

0,00

-

Specialized services

114.263,33

125.331,80

(8,83)%

Specialized works

46.004,21

44.079,18

4,37%

Of which: Payments to workers placed through agencies

-

-

-

Advertising and promotion

413,90

392,40

5,48%

Surveillance and security

996,44

944,90

5,45%

Fees

34.421,90

28.141,68

22,32%

Comissions

15.005,01

11.125,22

34,87%

Maintenance and repairs

17.421,87

40.648,42

(57,14)%

Others

-

-

-

Materials

53.075,12

35.696,46

48,68%

Fast wear tools and utensils

21.088,78

14.818,87

42,31%

Books and technical documentation

322,67

92,45

249,02%

Office material

9.107,66

8.073,43

12,81%

Gift items

22.556,01

12.711,71

77,44%

Others

-

-

-

Energy and fluids

80.419,23

75.494,93

6,52%

Electricity

28.315,53

29.257,51

(3,22)%

Fuels

37.195,52

37.785,42

(1,56)%

Water

4.855,84

3.067,68

58,29%

Others

10.052,34

5.384,32

86,70%

Travel, lodging and transportation

86.253,74

83.919,06

2,78%

Travel and lodging

18.806,51

21.314,66

(11,77)%

Transport of personnel

605,80

358,85

68,82%

Transport of goods

66.841,43

62.245,55

7,38%

Others

-

-

-

Different services

51.524,62

63.506,45

(18,87)%

Rents and leases

5.454,85

8.847,07

(38,34)%

Of which: Rents from land

-

-

-

Communication

18.035,01

18.954,60

(4,85)%

Insurance

9.548,50

20.561,84

(53,56)%

Royalties

-

-

-

Litigation and Notaries

499,00

324,40

53,82%

Representation expenses

10.215,63

9.152,85

11,61%

Cleaning, hygiene and comfort

1.657,74

2.510,04

(33,96)%

Other services

6.113,89

3.155,65

93,74%

 

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

903.255,13

834.148,00

Allocated results / Available profits

-

-

Percentages or bonuses to managing bodies

-

-

Ditto to staff

-

-

Reserves

9.119,62

25.359,23

Coverage of losses

-

-

7. Others

-

-

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

894.135,51

808.788,77

 

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: 509165834

 

Was the Legal certification of accounts issued?

YES

 

Without reservation and without emphasis

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.07

UK Pound

1

Rs.98.73

Euro

1

Rs.77.46

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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.