MIRA INFORM REPORT

 

 

Report Date :

22.07.2014

 

IDENTIFICATION DETAILS

 

Name :

HAMCHANG TRADING LDA

 

 

Registered Office :

Rua Senhora Do Carmo, 47, Landim, Postal Code 4770-328-Landim-Vila Nova De Famalicao, Vila Nova De Famalicao, Braga District

 

 

Country :

Portugal

 

 

Financials (as on) :

2013

 

 

Date of Incorporation :

19.11.2008

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

·         Engaged in trading, import, export and wholesaler of machinery for the textile industry and of sewing and knitting machines

engaged in wholesaler of textiles, food products, beverages and tobacco, design and hotel establishments

Engaged in wholesaler of machinery for the textile industry, sewing machines and knitting

Engaged in wholesale trader of textiles

 

 

No of Employees :

Not Available 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

 

 

Payment Behaviour :

Slow

 

 

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 – March 31, 2014

 

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

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

HAMCHANG TRADING LDA

V.A.T. Number / NIF

508689570

Address

Rua Senhora do Carmo, 47

Locality

Landim

Postal Code

4770-328-LANDIM-VILA NOVA DE FAMALICAO

Municipality

VILA NOVA DE FAMALICAO

District

BRAGA

Telephone

253088440

E-Mail

hamchang@hamchang.eu

Web Site

http://hamchang.eu

 

 

C.A.E.(Rev 3)

46640- Wholesale of machinery for the textile industry, sewing machines and knitting

C.A.E.(Rev 3)

46410- Wholesale trade of textiles

 

Actual Condition
In activity

Incidents
There are no record of commercial incidents

 

 

Financial Highlights

 

 

 

2011

 

2012

 

2013

Net Sales

54.887,12

404.689,62

51.777,52

Net Income For the Year

(13.657,52)

(17.122,24)

(68.443,51)

Shareholders Funds

27.050,14

9.927,90

(58.515,61)

Stocks

6.050,00

6.050,00

15.391,00

LIABILITY

149.955,03

254.558,88

183.768,49

ASSETS

177.005,17

264.486,78

125.252,88

 

 

Summary

 

 

Legal Form

Private Limited Company

Constitution

19-11-2008

V.A.T. Number / NIF

508689570

Employees

0

Capital

10.000,00

Sales in : 31-12-2013

51.777,52

Shareholders Funds in: 31-12-2013

(58.515,61)

Actual Condition

In activity

 

 

Management Bodies

 

 

ALBERTO PEREIRA GOMES

Manager

RICCARDO ZANETTI

Managing-Partner

 

 

Legal Structure

 

 

Registered on the Register Record Office of Vila Nova de Famalicao with the Register Number 508689570 in 19-11-2008

Constitution celebrated in 19-11-2008 published on Portal MJ of 19-11-2008

To oblige the company it is necessary 2 signature

 

 

Changes to Society

 

 

In 09-01-2014 on Portal MJ of 28-01-2014 manager change Clique para ver detalhes

e alteração de sócios.

 

In 12-06-2012 on Portal MJ of 15-06-2012 business change

 

 

Capital

 

 

The Capital is 10.000,00

 

 

with the following distribution

 

FREIGEST-GESTAO DE INVESTIMENTOS ASSOCIADOS SA

5.000,00

50%

RICCARDO ZANETTI

5.000,00

50%

 

Biographies

 

 

Name

ALBERTO PEREIRA GOMES

Function

Manager

Address

Rua do Amial, 656 - Paranhos

Locality

Porto

Birth Date

02-01-1955

Naturality

Baião

Civil State

Married

Consort

Lucinda Azeredo da Fonseca

Professional Connections

The subject has connections with the following company (ies)

 

A.GOMES-MATERIAIS DE CONSTRUCAO LDA as Partner .

 

CLEAL-INVESTIMENTOS IMOBILIARIOS LDA as Manager .

 

FREIGEST-GESTAO DE INVESTIMENTOS ASSOCIADOS SA as Administrator .

 

Name

RICCARDO ZANETTI

Function

Managing-Partner

Address

Travessa Rio de Janeiro, 9-1º Dto. - Mesão Frio

Locality

GUIMARAES

Civil State

Divorced

Previous Connections

Foi sócio gerente da firma Unispin-Importação e Exportação Lda.

Professional Connections

The subject has connections with the following company (ies)

 

LUSOPARTES-IMPORTACAO E EXPORTACAO LDA as Managing-Partner with a participation of 69.831,71 , in a capital of 69.831,71 .

 

 

Shareholders / Partners Companies

 

 

 

NAME

FREIGEST-GESTAO DE INVESTIMENTOS ASSOCIADOS SA

Function

Partner

Address

Rua do Amial, 656

Locality

Porto

Telephone

224094480

Fax

224098382

E-Mail

geral@freigest.com

C.A.E.

68100- Buying and selling of real estate

 

Activities

 

 

Line of Business

Percentage

Trading (trading), import, export and wholesale of machinery for the textile industry and of sewing and knitting machines, wholesale of textiles, food products, beverages and tobacco, design and hotel establishments

100%

 

Type of Clients

Wholesalers/Retailers/Public

 

 

Sales Conditions

Cash/credit

 

 

 

 

Geographic Distribution of Sales

 

 

 

Internal Market

 

International Market

 

 

Year

 

EU

Extra-EU

Total

 

 

2013

27.487,52

53,09%

16.590,00

32,04%

7.700,00

14,87%

51.777,52

 

2012

6.804,10

1,68%

133.100,00

32,89%

264.785,52

65,43%

404.689,62

 

2011

44.949,62

81,89%

9.937,50

18,11%

0,00

0,00%

54.887,12

 

2010

1.524,00

0,31%

36.500,00

7,43%

453.367,45

92,26%

491.391,45

 

 

Geographic Distribution of Purchases

 

 

Internal Market

 

International Market

 

 

Year

 

EU

Extra-EU

Total

 

 

2013

-

-

38.160,00

100,00%

-

-

38.160,00

 

2012

-

-

221.758,33

78,83%

59.552,22

21,17%

281.310,55

 

2011

23.500,00

59,41%

16.053,60

40,59%

-

-

39.553,60

 

2010

307.259,45

86,98%

46.010,80

13,02%

-

-

353.270,25

 

Source: IES

Banks and Financial Institutions

 

 

MILLENNIUM BCP

Júlio Dinis - Negócios

 

Incidents

 

 

There are no of incidents on our database

 

 

Employees

 

Year

Total

Men

Women

 

 

2013

0

0

0%

0

0%

 

2012

0

0

0%

0

0%

 

2011

0

0

0%

0

0%

 

2010

0

0

0%

0

0%

 

Source: IES

 

Head Office and Installations

 

 

Head office Rua Senhora do Carmo, 47, Landim, 4770-328, LANDIM-VILA NOVA DE FAMALICAO, Tel:253088440

Installations Largo Condessa do Juncal, 43, Guimaraes, 4800-159, GUIMARAES

 

 

Financial Demonstration SNC

 

Balance Sheet SNC

Coin EUROS

 

Year:2013

 

 

 

2013

2012

2011

% Var.2013/2012

 

 

ASSET

 

Non-current assets

Tangible fixed assets

2.555,03

2.166,88

2.166,88

17,91

Total

2.555,03

2.166,88

2.166,88

17,91

 

Current assets

Inventories

15.391,00

6.050,00

6.050,00

154,40

Costumers

 

152.233,62

 

 

State and other public entities

18.984,99

14.995,14

13.620,37

26,61

Cashier and bank deposits

88.321,86

89.041,14

155.167,92

(0,81)

Total

122.697,85

262.319,90

174.838,29

(53,23)

TOTAL ASSET

125.252,88

264.486,78

177.005,17

(52,64)

 

SHAREHOLDERS FUNDS AND LIABILITIES

 

SHAREHOLDERS FUNDS

Capital

10.000,00

10.000,00

10.000,00

 

Legal reserves

1.535,38

1.535,38

1.535,38

 

Other reserves

29.172,28

29.172,28

29.172,28

 

Net retained

(30.779,76)

(13.657,52)

 

125,37

Total

9.927,90

27.050,14

40.707,66

(63,30)

Net income for the period

(68.443,51)

(17.122,24)

(13.657,52)

299,73

TOTAL OF SHAREHOLDERS FUNDS

(58.515,61)

9.927,90

27.050,14

(689,41)

 

LIABILITY

 

Non-current liiabilities

Financing obtained

 

86.158,56

81.207,61

 

Total

 

86.158,56

81.207,61

 

 

Current liabilities

Suppliers

70.827,77

116.241,53

15.644,62

(39,07)

Advances from costumers

7.738,71

 

 

 

State and other public entities

2.557,27

792,00

 

222,89

Financing obtained

 

50.376,41

 

 

Other current liabilities

102.644,74

990,38

53.102,80

10.264,18

Total

183.768,49

168.400,32

68.747,42

9,13

TOTAL LIABILITIES

183.768,49

254.558,88

149.955,03

(27,81)

TOTAL SHAREHOLDERS FUNDS AND LIABILITIES

125.252,88

264.486,78

177.005,17

(52,64)

 

INCOME STATEMENT

 

INCOME AND EXPENSES

Sales and services

51.777,52

404.689,62

54.887,12

(87,21)

Cost of goods sold and materials consumed

28.819,00

281.310,55

34.003,60

(89,76)

Suppliers and external services

85.877,03

131.458,17

22.344,40

(34,67)

Other income and gains

1.645,68

238,07

99,18

591,26

Other expenses and losses

2.071,71

1.460,56

310,96

41,84

Result before depreciation, financing costs and taxes

(63.344,54)

(9.301,59)

(1.672,66)

581,01

Operating result (before financing costs and taxes)

(63.344,54)

(9.301,59)

(1.672,66)

581,01

Interest and similar income obtained

 

268,33

 

 

interest and similar expenses incurred

5.098,97

8.088,98

11.984,86

(36,96)

Net before taxes

(68.443,51)

(17.122,24)

(13.657,52)

299,73

Net profit for the period

(68.443,51)

(17.122,24)

(13.657,52)

299,73

 

 

RATIOS SNC

 

 

Closing Date

2013

2012

2011

 

 

 

 

TURNOVER RATIOS

 

Shareholder's Funds Profitability

1,17

(1,725)

(0,505)

 

 

 

Assets Profitability

(0,506)

(0,035)

(0,009)

 

 

 

Sales Net Profitability

(1,322)

(0,042)

(0,249)

 

 

 

 

 

EFFICIENCY RATIOS

 

Medium Term Receivable

 

137,303

 

 

 

 

Asset Rotation

0,413

1,53

0,31

 

 

 

 

 

SHORT TERM RATIOS

 

General Liquidity

0,668

1,558

2,543

 

 

 

Reduced Liquidity

0,584

1,522

2,455

 

 

 

Immediate Liquidity

0,481

0,529

2,257

 

 

 

 

 

MEDIUM LONG TERM RATIOS

 

Financial Autonomy

(0,467)

0,038

0,153

 

 

 

Solvability

(0,318)

0,039

0,18

 

 

 

Borrowed Capital Structure

1

0,662

0,458

 

 

 

General Debt

 

13,753

3,002

 

 

 

Medium Long Term Debt

 

8,678

3,002

 

 

 

Debt Structure

1

0,662

0,458

 

 

 

Capital Structure

 

0,115

0,333

 

 

 

 

 

Operational and Financial Risk

 

Operational Leverage Level

(0,362)

(13,264)

(12,485)

 

 

 

Financial Leverage Level

0,926

0,543

0,122

 

 

 

Combined Leverage Level

(0,335)

(7,202)

(1,523)

 

 

 

 

CASH FLOW STATEMENT

 

Rubrics

2013

2012

PERIODS

 

CASH FLOWS FROM OPERATIONAL ACTIVITIES

 

 

 

Customers receipts

-

-

-

Payments to suppliers

-

-

-

Payments to employees

-

-

-

Cash at bank generated from operations

-

0,00

-

Payment/receipt of income tax

-

-

-

Other receipts/payments

-

-

-

Cash Flows from Operational Activities (A)

-

0,00

-

CASH FLOWS' INVESTMENT ACTIVITIES

 

 

 

Payments regarding:

 

 

 

Fixed tangible assets

-

-

-

Intangible assets

-

-

-

Financial investments

-

-

-

Other assets

-

-

-

Receipts from:

 

 

 

Fixed tangible assets

-

-

-

Intangible assets

-

-

-

Financial investments

-

-

-

Other assets

-

-

-

Investment subsidies

-

-

-

Interest and similar income

-

-

-

Dividends

-

-

-

Cash Flows' Investments Activities (B)

-

0,00

-

CASH FLOWS' INVESTMENT ACTIVITIES

 

 

 

Receipts from:

 

 

 

Obtained financing

-

-

-

Paying-up of capital and other equity instruments

-

-

-

Coverage of losses

-

-

-

Donations

-

-

-

Other financing operations

-

-

-

Payments regarding:

 

 

 

Obtained financing

-

-

-

Interests and similar expenses

-

-

-

Dividends

-

-

-

Capital's redution and other equity instruments

-

-

-

Other financing operations

-

-

-

Cash Flows' Financing Activities ©

-

0,00

-

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

-

0,00

-

Effect of exchange differences

-

-

-

Cash at bank and its equivalents at the start of period

-

-

-

Cash at bank and its equivalents at the end of period

-

-

-

 

CASH FLOWS

 

 

Movimentos do Periodo de 2013

Rubrics

Initial balance

Debits

Credits

Final balance

 

PERIOD'S CARRYING AMOUNT AND MOVEMENTS

 

Cash in hand

-

-

-

0,00

Order deposits

-

-

-

0,00

Other bank deposits

-

-

-

0,00

Total cash at bank and bank deposits

0,00

0,00

0,00

0,00

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

On revalued assets recognized in equity

Total

Recognized in profit and loss

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

0

0

Paid company employees

0

0

Company UNPAID employees

0

0

Company employees, by type of working hours

 

 

Full time company employees

-

-

Of which: Full time company employees

-

-

Part time company employees

-

-

Of which: Part time company employees

-

-

Company employees, by gender:

 

 

Men

-

-

Women

-

-

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

0,00

Governance Bodies Remuneration

-

Of which: Profit-sharing

-

Employees remuneration

-

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

-

Insurance for accidents at work and professional diseases

-

Social security expenses

-

Other staff costs

-

Of which:

-

 

 

INFORMATION BY GEOGRAPHIC MARKETS

 

 

Geographic markets

Rubrics

Internal

EU

Extra-EU

Total

 

Sales

27.487,52

16.590,00

7.700,00

51.777,52

Services provided

-

-

-

0,00

Purchases

-

38.160,00

-

38.160,00

Supplies and external services

85.877,03

-

-

85.877,03

Acquisition of fixed tangible assets

388,15

-

-

388,15

Acquisition of investment properties

-

-

-

0,00

Acquisition of intangible assets

-

-

-

0,00

Supplementary income:

0,00

0,00

0,00

0,00

Social services

-

-

-

0,00

Equipment rental

-

-

-

0,00

Studies, projects and technological assistance

-

-

-

0,00

Royalities

-

-

-

0,00

Others

-

-

-

0,00

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

-

152.233,62

-

Trade notes receivable

-

-

-

Advances received from customers

7.738,71

-

-

Suppliers

 

 

 

Trade accounts payable

70.827,77

116.241,53

(39,07)%

Trade notes payable

-

-

-

Trade accounts payable - unchecked invoices

-

-

-

Advances to suppliers

-

-

-

Staff

 

 

 

Payable remunerations

-

-

-

Advanced payments

-

-

-

Bonds

-

-

-

Other operations

-

-

-

State and other public sector institutions

 

 

 

Income Tax

-

-

-

Deductible IVA (debt cumulative amounts)

-

-

-

Paid IVA (credit cumulative amounts)

-

-

-

Shareholders / partners

 

 

 

Shareholders with subscription

-

-

-

Unreleased quotas

-

-

-

Advances for profits

-

-

-

Allocated results

 

 

 

From the perspective of the entity distributing profits

-

-

-

From the perspective of the entity with allocated profits

-

-

-

Available profits

 

 

 

From the perspective of the entity distributing profits

-

-

-

From the perspective of the entity with allocated profits

-

-

-

Granted loans - parent company

-

-

-

Granted loans - subsidiary companies, associated companies and joint ventures

-

-

-

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

-

-

-

Deferred tax assets

-

-

-

Deferred tax liabilities

-

-

-

Unreleased subscriptions - Creditors

-

-

-

Advances received on account of sales

-

-

-

Other debtors and creditors

 

 

 

Other debtors

-

990,38

-

Other creditors

-

-

-

 

EXPENSE ACCOUNTS

 

Rubrics

2013

2012

PERIODS

 

Supplies and external services

85.877,03

131.458,17

(34,67)%

Subcontracts

11.000,00

-

-

Specialized services

31.463,91

28.294,59

11,20%

Specialized works

724,00

2,58

27.962,02%

Of which: Payments to workers placed through agencies

-

-

-

Advertising and promotion

-

40,40

-

Surveillance and security

19.003,22

-

-

Fees

-

-

-

Comissions

25,00

23.600,00

(99,89)%

Maintenance and repairs

302,00

271,68

11,16%

Others

11.409,69

4.379,93

160,50%

Materials

623,45

1.160,38

(46,27)%

Fast wear tools and utensils

-

124,95

-

Books and technical documentation

-

-

-

Office material

199,68

685,43

(70,87)%

Gift items

383,76

-

-

Others

40,01

350,00

(88,57)%

Energy and fluids

1.857,89

1.652,10

12,46%

Electricity

350,02

-

-

Fuels

1.233,28

1.380,85

(10,69)%

Water

184,47

91,23

102,20%

Others

90,12

180,02

(49,94)%

Travel, lodging and transportation

29.934,57

53.270,01

(43,81)%

Travel and lodging

23.595,99

30.389,92

(22,36)%

Transport of personnel

-

-

-

Transport of goods

6.338,58

22.880,09

(72,30)%

Others

-

-

-

Different services

10.997,21

47.081,09

(76,64)%

Rents and leases

5.400,00

6.084,75

(11,25)%

Of which: Rents from land

-

-

-

Communication

2.862,79

2.729,23

4,89%

Insurance

262,77

270,55

(2,88)%

Royalties

-

-

-

Litigation and Notaries

105,00

421,00

(75,06)%

Representation expenses

-

-

-

Cleaning, hygiene and comfort

-

-

-

Other services

2.366,65

37.575,56

(93,70)%

 

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

(99.223,27)

(30.779,76)

Allocated results / Available profits

-

-

Percentages or bonuses to managing bodies

-

-

Ditto to staff

-

-

Reserves

-

-

Coverage of losses

-

-

7. Others

-

-

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

(99.223,27)

(30.779,76)

 

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.60.19

UK Pound

1

Rs.102.87

Euro

1

Rs.81.48

 

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

Report Prepared by :

MNL

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

Credit not recommended

--

NB

                                       New Business

--

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

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.