MIRA INFORM REPORT

 

 

Report Date :

13.06.2014

 

IDENTIFICATION DETAILS

 

Name :

BEIRAGEL-PRODUTOS ALIMENTARES CONGELADOS SA

 

 

Registered Office :

Recta Oliveira de Barreiros Sao Joao De Lourosa 3500-892-Oliveira DE Barreiros VISEU

 

 

Country :

Portugal

 

 

Financials (as on) :

2012

 

 

Date of Incorporation :

10.10.1985

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Wholesale trade of fish and shellfish

 

 

No. of Employees

68

 

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 – 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

 

 

 


Company name and address

 

Name

BEIRAGEL-PRODUTOS ALIMENTARES CONGELADOS SA

V.A.T. Number / NIF

501606653

Address

Recta Oliveira de Barreiros

Locality

Sao Joao De Lourosa

Postal Code

3500-892-OLIVEIRA DE BARREIROS

Municipality

VISEU

District

VISEU

Telephone

232461331

Fax

232461047

E-Mail

comercial@beiragel.pt/qualidade@beiragel.pt

Web Site

www.beiragel.pt

C.A.E.(Rev 3)

10201- Preparation of fishery products and aquaculture

C.A.E.(Rev 3)

46381- Wholesale trade of fish and shellfish

 

 

Financial Highlights

 

2010

2011

2012

Net Sales

12.533.779,46

13.308.362,52

14.751.551,34

Net Income For the Year

427.582,11

312.719,00

296.297,88

Shareholders Funds

3.054.206,32

3.692.316,18

3.923.295,37

Stocks

1.882.341,66

2.742.667,00

2.791.602,68

LIABILITY

3.991.656,02

5.416.971,72

5.502.923,43

ASSETS

7.045.862,34

9.109.287,90

9.426.218,80

 

 

 

 

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

10-10-1985

V.A.T. Number / NIF

501606653

Employees

68

Capital

500.000,00

Sales in : 31-12-2012

14.751.551,34

Shareholders Funds in: 31-12-2012

3.923.295,37

Actual Condition

In activity

 

 

Governing Bodies

 

Board of Director's

MONICA SOCIA FERREIRA LOPES

Administrator

JOSE DA CRUZ LOPES

Board of Director's President

MARIA LUISA MOTA FERREIRA MATEUS LOPES

Administrator

Fiscal Board

MANUEL MARQUES DA COSTA FIGUEIREDO

Fiscal Board Substitute

A.FIGUEIREDO LOPES & MANUEL FIGUEIREDO-SROC

Unique Fiscal

 

Gráficos de Análise Sectorial

 


 

Legal Structure

 

Registed on the Register Record Office of Viseu with the Register Number 501606653 previous number 1350 in 20-03-1998

Constitution celebrated in 10-10-1985 published on Diário da República number 257 of 08-11-1985

To oblige the company it is necessary 1 signatures

 

Changes to Society

 

In 22-07-2005 on Portal MJ of 17-10-2006 board of director's change

In 27-09-2001 on Diário da República number 86 of 12-04-2002 increase of capital

In 17-10-2000 on Diário da República number 74 of 28-03-2001 social change

In 20-03-1998 on Diário da República number 96 of 24-04-1998 increase of capital

In 14-02-1989 on Diário da República number 62 of 15-03-1989 increase of capital

 

 

Capital

 

The Capital is 500.000,00 , divided in 100000 shares , with a nominal value of 5,00

 

 

Activities

 

Line of Business

Percentage

Wholesale of food products

100%



Type of Clients

Retailers/Wholesalers

Sales Conditions

Credit 30/60/90/120 days

 


 

Geographic Distribution of Sales

 

Internal Market

International Market

 

Year

EU

Extra-EU

Total

 

2012

13.111.820,99

88,88%

862.455,86

5,85%

777.274,49

5,27%

14.751.551,34

2011

11.915.785,98

89,54%

605.218,77

4,55%

787.357,77

5,92%

13.308.362,52

2010

11.564.383,94

92,27%

451.228,54

3,60%

518.166,98

4,13%

12.533.779,46

 

Geographic Distribution of Purchases

 

Internal Market

International Market

 

Year

EU

Extra-EU

Total

 

2012

4.821.902,15

41,36%

6.153.149,23

52,78%

682.824,76

5,86%

11.657.876,14

2011

5.467.407,29

48,27%

5.410.852,55

47,78%

447.404,02

3,95%

11.325.663,86

2010

5.433.499,77

52,64%

4.887.680,10

47,36%

-

-

10.321.179,87

 

Trade Marks

 

Beiragel

LusoGel

 

Banks and Financial Institutions

 

MILLENNIUM BCP

Viseu

BANCO ESPIRITO SANTO, SA

Viseu

BANCO BPI, SA

Viseu

 

Incidents

 


 

Legal Actions

 

Date

Process

Author

Type

Amount

Judicial District

Court

Situation

15-02-2011

148/11.6TTVIS

Deolinda Silva Almeida

Acção de Processo Comum

15.414,34

Viseu - Tribunal do Trabalho

 

Employees

 

Year

Total

Men

Women

 

2012

68

45

66%

23

34%

2011

64

43

67%

21

33%

2010

58

42

72%

16

28%

 

Head Office and Installations

 

Head office, warehouse and factory Recta Oliveira de Barreiros, Sao Joao De Lourosa, 3500-892, OLIVEIRA DE BARREIROS, Tel:232461331, Fax:232461047

 

Special Information

 

Event

General Description

Quality Certification

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

Additional

Desde de 2008 até 2011 a Beiragel tem sido, todos os anos, distinguida pelo IAPMEI com os Estatutos PME Líder, e PME Excelência.

 


 

Financial Demonstration SNC

Balance Sheet SNC

CoinEUROS

Year:2012

 

2012

2011

2010

% Var.2012/2011

 

ASSET

Non-current assets

Tangible fixed assets

3.903.471,80

3.624.033,94

2.906.840,64

7,71

Intangible assets

79.765,53

62.099,73

38.107,14

28,45

Other financial assets

3.760,00

Deferred tax assets

19.502,78

4.059,16

4.042,42

380,46

Total

4.006.500,11

3.690.192,83

2.948.990,20

8,57

Current assets

Inventories

2.791.602,68

2.742.667,00

1.882.341,66

1,78

Costumers

2.402.875,60

2.476.517,46

1.940.516,78

(2,97)

Advances to suppliers

30.000,00

State and other public entities

134.882,57

103.956,79

60.213,28

29,75

Shareholders/partners

0,85

0,85

Other accounts receivable

6.518,02

7.829,93

19.251,98

(16,76)

Deferrals

19.612,33

19.819,36

28.657,08

(1,04)

Cashier and bank deposits

64.227,49

68.303,68

135.890,51

(5,97)

Total

5.419.718,69

5.419.095,07

4.096.872,14

0,01

TOTAL ASSET

9.426.218,80

9.109.287,90

7.045.862,34

3,48

SHAREHOLDERS FUNDS AND LIABILITIES

SHAREHOLDERS FUNDS

Capital

500.000,00

500.000,00

500.000,00

Own shares

(420.000,00)

(420.000,00)

(420.000,00)

Legal reserves

520.000,00

520.000,00

520.000,00

Other reserves

2.538.486,98

2.225.767,98

1.798.185,87

14,05

Net retained

80.510,67

81.484,16

81.484,16

(1,19)

Other shareholders funds changes

407.999,84

472.345,04

146.954,18

(13,62)

Total

3.626.997,49

3.379.597,18

2.626.624,21

7,32

Net income for the period

296.297,88

312.719,00

427.582,11

(5,25)

TOTAL OF SHAREHOLDERS FUNDS

3.923.295,37

3.692.316,18

3.054.206,32

6,26

LIABILITY

Non-current liiabilities

Provisions

6.000,00

Financing obtained

1.382.006,26

1.062.526,73

438.610,34

30,07

Diferred taxes liabilities

149.764,24

172.036,14

30.850,93

(12,95)

Total

1.531.770,50

1.234.562,87

475.461,27

24,07

Current liabilities

Suppliers

1.825.619,87

2.225.018,81

2.026.850,80

(17,95)

State and other public entities

301.931,86

216.910,22

154.524,58

39,20

Shareholders/partners

104,39

Financing obtained

1.666.028,77

1.487.220,60

1.196.410,05

12,02

Other payable accounts

177.468,04

253.259,22

138.409,32

(29,93)

Total

3.971.152,93

4.182.408,85

3.516.194,75

(5,05)

TOTAL LIABILITIES

5.502.923,43

5.416.971,72

3.991.656,02

1,59

TOTAL SHAREHOLDERS FUNDS AND LIABILITIES

9.426.218,80

9.109.287,90

7.045.862,34

3,48

INCOME STATEMENT

INCOME AND EXPENSES

Sales and services

14.751.551,34

13.308.362,52

12.533.779,46

10,84

Operating government grants

16.402,95

Variation in production inventories

226.569,93

189.479,41

(70.511,87)

19,57

Cost of goods sold and materials consumed

11.820.683,01

10.637.732,38

9.809.069,43

11,12

Suppliers and external services

829.275,18

709.556,02

710.771,90

16,87

Personnel costs

1.323.794,48

1.288.682,95

1.131.372,70

2,72

Impairment of receivables (losses/revearsals)

137.027,91

39.649,40

(10.580,43)

245,60

Other income and gains

123.521,65

94.872,70

99.574,59

30,20

Other expenses and losses

127.203,42

113.490,40

87.025,66

12,08

Result before depreciation, financing costs and taxes

880.061,87

803.603,48

835.182,92

9,51

Expenses/reversals of depreciation and amortization

369.653,73

346.222,61

299.825,55

6,77

Operating result (before financing costs and taxes)

510.408,14

457.380,87

535.357,37

11,59

Interest and similar income obtained

11,08

116,79

interest and similar expenses incurred

115.928,84

81.607,26

29.777,03

42,06

Net before taxes

394.479,30

375.784,69

505.697,13

4,97

Income tax of the period

98.181,42

63.065,69

78.115,02

55,68

Net profit for the period

296.297,88

312.719,00

427.582,11

(5,25)

 

 

RATIOS SNC

 

Closing Date

2012

2011

2010

 

 

TURNOVER RATIOS

Shareholder's Funds Profitability

0,076

0,085

0,14

Assets Profitability

0,054

0,05

0,076

Sales Net Profitability

0,02

0,023

0,034

EFFICIENCY RATIOS

Medium Term Receivable

59,454

67,922

56,51

Asset Rotation

1,565

1,461

1,779

PRODUCTIVITY RATIOS

Productivity

2,214

2,072

2,408

SHORT TERM RATIOS

General Liquidity

1,365

1,296

1,165

Reduced Liquidity

0,662

0,64

0,63

Immediate Liquidity

0,016

0,016

0,039

MEDIUM LONG TERM RATIOS

Financial Autonomy

0,416

0,405

0,433

Solvability

0,713

0,682

0,765

Borrowed Capital Structure

0,722

0,772

0,881

General Debt

0,777

0,691

0,535

Medium Long Term Debt

0,352

0,288

0,144

Debt Structure

0,722

0,772

0,881

Capital Structure

2,561

2,991

6,424

Operational and Financial Risk

Operational Leverage Level

5,742

5,839

5,09

Financial Leverage Level

1,294

1,217

1,059

Combined Leverage Level

7,43

7,106

5,39

 

 

CASH FLOW STATEMENT

 

Rubrics

2012

2011

PERIODS

 

CASH FLOWS FROM OPERATIONAL ACTIVITIES

Customers receipts

15.667.985,07

13.697.551,39

14,39%

Payments to suppliers

13.690.828,58

12.459.424,39

9,88%

Payments to employees

840.925,26

829.009,45

1,44%

Cash at bank generated from operations

1.136.231,23

409.117,55

177,73%

Payment/receipt of income tax

(53.575,28)

(80.316,03)

33,29%

Other receipts/payments

(785.840,19)

(677.346,90)

(16,02)%

Cash Flows from Operational Activities (A)

296.815,76

(348.545,38)

185,16%

CASH FLOWS' INVESTMENT ACTIVITIES

Payments regarding:

Fixed tangible assets

646.496,26

1.058.755,96

(38,94)%

Intangible assets

20.261,13

30.600,00

(33,79)%

Financial investments

3.760,00

-

-

Other assets

-

-

-

Receipts from:

Fixed tangible assets

2.813,01

1.626,02

73,00%

Intangible assets

-

-

-

Financial investments

-

-

-

Other assets

-

-

-

Investment subsidies

-

-

-

Interest and similar income

-

11,08

-

Dividends

-

-

-

Cash Flows' Investments Activities (B)

(667.704,38)

(551.427,54)

(21,09)%

CASH FLOWS' INVESTMENT ACTIVITIES

Receipts from:

Obtained financing

6.879.653,81

9.165.298,56

(24,94)%

Paying-up of capital and other equity instruments

-

-

-

Coverage of losses

-

-

-

Donations

-

-

-

Other financing operations

-

-

-

Payments regarding:

Obtained financing

6.383.068,70

8.250.571,62

(22,63)%

Interests and similar expenses

129.772,68

82.340,85

57,60%

Dividends

-

-

-

Capital's redution and other equity instruments

-

-

-

Other financing operations

-

-

-

Cash Flows' Financing Activities ©

366.812,43

832.386,09

(55,93)%

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

(4.076,19)

(67.586,83)

93,97%

Effect of exchange differences

-

-

-

Cash at bank and its equivalents at the start of period

68.303,68

135.890,51

(49,74)%

Cash at bank and its equivalents at the end of period

64.227,49

68.303,68

(5,97)%

 

 

CASH FLOWS

 

Movimentos do Periodo de 2012

Rubrics

Initial balance

Debits

Credits

Final balance

 

PERIOD'S CARRYING AMOUNT AND MOVEMENTS

 

Cash in hand

15.752,46

11.332.951,32

11.310.012,61

38.691,17

Order deposits

52.551,22

24.575.405,13

24.602.420,03

25.536,32

Other bank deposits

-

-

-

0,00

Total cash at bank and bank deposits

68.303,68

35.908.356,45

35.912.432,64

64.227,49

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 2012

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:

1.038.048,78

87.544,50

0,00

0,00

Fixed tangible assets

993.826,97

83.607,06

0,00

0,00

Land and Natural Resources

-

-

-

-

Buildings and other structures

201.809,73

17.630,51

-

-

Basic equipment

465.617,62

61.008,43

-

-

Transport equipment

296.717,81

4.577,31

-

-

Office equipment

10.890,02

-

-

-

Biological equipment

-

-

-

-

Others

18.791,79

390,81

-

-

Intangible assets

44.221,81

3.937,44

0,00

0,00

Development projects

-

-

-

-

Computer programmes

562,44

562,44

-

-

Industrial property

-

-

-

-

Others

43.659,37

3.375,00

-

-

Other assets

-

-

-

-

Grants related to income / operating

16.402,95

16.402,95

-

-

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

1.054.451,73

103.947,45

0,00

0,00

 

IMPAIRMENT LOSSES IN FINANCIAL ASSETS AT COST OR AT AMORTIZED COST

 

Movimentos do Periodo de 2012

Rubrics

Impairment losses

Impairment losses reversals

Total

 

Receivable debts from customers

142.191,93

5.164,02

137.027,91

Other receivables

-

-

0,00

Equity instruments and other securities

-

-

0,00

Others

-

-

0,00

TOTAL

142.191,93

5.164,02

137.027,91

 

DEBTS REGISTERED AS DOUBTFUL

 

Rubrics

Value

 

Regarding insolvency and company recovery procedures or enforcement procedures

-

Claimed in court

-

In arrears:

142.191,93

Over six months and up to twelve months

63.901,71

Over twelve months and up to eighteen months

44.512,14

Over eighteen months and up to twenty four months

3.974,22

Over twenty four months

29.803,86

TOTAL

142.191,93

 

 

 

EMPLOYEE BENEFITS, COMPANY EMPLOYEES AND PERSONNEL COSTS

 

Rubrics

Average number of employees

Average number of hours worked

 

Company employees, paid and unpaid

68

120.339

Paid company employees

68

120.339

Company UNPAID employees

0

0

Company employees, by type of working hours

Full time company employees

68

120.339

Of which: Full time company employees

68

120.339

Part time company employees

-

-

Of which: Part time company employees

-

-

Company employees, by gender:

Men

45

79.850

Women

23

40.489

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

1.323.794,48

Governance Bodies Remuneration

109.053,67

Of which: Profit-sharing

0,00

Employees remuneration

947.469,64

Of which: Profit-sharing

0,00

Post-employment benefits

0,00

Pension premiums

0,00

Other benefits

0,00

Of which:

0,00

For defined contribution plans - corporate bodies

0,00

For defined contribution plans - others

0,00

Compensations

227.136,92

Charges on remunerations

15.931,92

Insurance for accidents at work and professional diseases

0,00

Social security expenses

24.202,33

Other staff costs

-

Of which:

2.639,24

 

 

INFORMATION BY GEOGRAPHIC MARKETS

 

Geographic markets

Rubrics

Internal

EU

Extra-EU

Total

 

Sales

13.109.677,89

862.362,11

777.274,49

14.749.314,49

Services provided

2.143,10

93,75

-

2.236,85

Purchases

4.821.902,15

6.153.149,23

682.824,76

11.657.876,14

Supplies and external services

672.303,95

155.547,06

1.424,17

829.275,18

Acquisition of fixed tangible assets

646.144,26

352,00

-

646.496,26

Acquisition of investment properties

-

-

-

0,00

Acquisition of intangible assets

20.261,13

-

-

20.261,13

Supplementary income:

2.324,85

0,00

0,00

2.324,85

Social services

-

-

-

0,00

Equipment rental

-

-

-

0,00

Studies, projects and technological assistance

-

-

-

0,00

Royalities

-

-

-

0,00

Others

2.324,85

-

-

2.324,85

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

2012

2011

PERIODS

 

Customers

 

Trade accounts receivable

3.097.470,67

3.034.084,62

2,09%

Trade notes receivable

-

-

-

Advances received from customers

-

-

-

Suppliers

Trade accounts payable

1.825.619,87

2.225.018,81

(17,95)%

Trade notes payable

-

-

-

Trade accounts payable - unchecked invoices

-

-

-

Advances to suppliers

-

-

-

Staff

Payable remunerations

-

-

-

Advanced payments

-

-

-

Bonds

-

-

-

Other operations

1.202,07

(3.139,00)

138,29%

State and other public sector institutions

Income Tax

(67.273,13)

(7.177,28)

(837,31)%

Deductible IVA (debt cumulative amounts)

1.305.643,05

1.266.098,47

3,12%

Paid IVA (credit cumulative amounts)

1.646.428,13

1.537.305,21

7,10%

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

-

0,85

-

Credit status

104,39

-

-

Other receivable and payable accounts

Investment providers - general accounts

-

-

-

Trade accounts payable - unchecked invoices

-

-

-

Advanced payments to investment providers

-

-

-

additional income - Debtors

5.315,95

4.690,93

13,32%

additional expenses - Creditors

177.468,04

253.259,22

(29,93)%

Deferred tax assets

19.502,78

4.059,16

380,46%

Deferred tax liabilities

149.764,24

172.036,14

(12,95)%

Unreleased subscriptions - Creditors

-

-

-

Advances received on account of sales

-

-

-

Other debtors and creditors

Other debtors

-

-

-

Other creditors

-

-

-

 

 

EXPENSE ACCOUNTS

 

Rubrics

2012

2011

PERIODS

 

Supplies and external services

829.275,18

709.556,02

16,87%

Subcontracts

-

-

-

Specialized services

214.870,33

187.412,15

14,65%

Specialized works

31.810,42

36.551,00

(12,97)%

Of which: Payments to workers placed through agencies

-

-

-

Advertising and promotion

12.851,00

4.600,50

179,34%

Surveillance and security

7.516,81

9.598,52

(21,69)%

Fees

750,00

16.067,52

(95,33)%

Comissions

-

-

-

Maintenance and repairs

161.124,85

119.984,95

34,29%

Others

817,25

609,66

34,05%

Materials

16.246,08

21.610,18

(24,82)%

Fast wear tools and utensils

2.233,46

4.365,90

(48,84)%

Books and technical documentation

278,25

312,16

(10,86)%

Office material

5.370,69

9.928,92

(45,91)%

Gift items

579,41

151,06

283,56%

Others

7.784,27

6.852,14

13,60%

Energy and fluids

476.527,93

421.833,77

12,97%

Electricity

137.202,61

118.174,32

16,10%

Fuels

259.017,13

231.873,85

11,71%

Water

4.621,32

5.620,37

(17,78)%

Others

75.686,87

66.165,23

14,39%

Travel, lodging and transportation

51.840,53

18.103,65

186,35%

Travel and lodging

30.716,04

11.328,27

171,15%

Transport of personnel

17,92

-

-

Transport of goods

20.682,85

6.775,38

205,26%

Others

423,72

-

-

Different services

69.790,31

60.596,27

15,17%

Rents and leases

5.624,07

880,00

539,10%

Of which: Rents from land

-

-

-

Communication

22.872,31

22.874,51

(0,01)%

Insurance

31.910,49

26.896,39

18,64%

Royalties

-

-

-

Litigation and Notaries

1.005,44

1.664,97

(39,61)%

Representation expenses

4.941,86

6.623,22

(25,39)%

Cleaning, hygiene and comfort

2.710,14

1.357,18

99,69%

Other services

726,00

300,00

142,00%

 

Deliberation of Approval of Accounts

 

Were the financial year's accounts approved?

YES

Data da Aprovação: 30-03-2013

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

2012

2011

 

Retained earnings

376.808,55

394.203,16

Allocated results / Available profits

-

-

Percentages or bonuses to managing bodies

-

-

Ditto to staff

-

-

Reserves

296.297,88

312.719,00

Coverage of losses

-

-

7. Others

-

-

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

80.510,67

81.484,16

 

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: 502574429

Was the Legal certification of accounts issued?

YES

With emphasis

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.59.33

UK Pound

1

Rs.99.68

Euro

1

Rs.80.30

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

NIS

 

               

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.