MIRA INFORM REPORT

 

 

Report Date :

28.05.2014

 

IDENTIFICATION DETAILS

 

Name :

ETMA-EMPRESA TRANSFORMADORA DE MARMORES DO ALENTEJO SA

 

 

Registered Office :

Lugar De Cabanas-Herdade De Vigaria, Apartado 27, Vila Vicosa, 7160-999-, Vila Vicosa Evora

 

 

Country :

Portugal

 

 

Financials (as on) :

2012

 

 

Date of Incorporation :

29.04.1974

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Manufacture of marble and rocks similar

 

 

No. of Employees

84

 

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

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately  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

ETMA-EMPRESA TRANSFORMADORA DE MARMORES DO ALENTEJO SA

V.A.T. Number / NIF

500101566

Address

Lugar de Cabanas-Herdade de Vigaria, Apartado 27

Locality

Vila Vicosa

Postal Code

7160-999-VILA VICOSA

Municipality

VILA VICOSA

District

EVORA

Telephone

268887100, 268887140

Fax

268980657, 268408012

E-Mail

info@etma.eu

Web Site

www.etma.eu

C.A.E.(Rev 3)

23701- Manufacture of marble and rocks similar

 

 

Financial Highlights

 

2010

2011

2012

Net Sales

10.365.703,08

11.110.005,10

10.278.808,38

Net Income For the Year

230.990,23

199.462,63

339.175,74

Shareholders Funds

5.820.228,43

6.019.691,06

6.358.866,80

Stocks

1.680.417,25

1.746.325,02

1.448.701,20

LIABILITY

7.129.586,27

5.261.374,51

4.867.073,37

ASSETS

12.949.814,70

11.281.065,57

11.225.940,17

 

 

 

 

 

 

Summary

 

 

Legal Form

Joint Stock Company

Constitution

29-04-1974

V.A.T. Number / NIF

500101566

Employees

84

Capital

1.500.000,00

Sales in : 31-12-2012

10.278.808,38

Shareholders Funds in: 31-12-2012

6.358.866,80

 

 

Governing Bodies

 

 

Board of Director's

ANTONIO MACEDO DE CASTRO

Administrator

FRANCIS DIKRAN KEZIRIAN

Administrator

JOSE MANUEL FIGUEIRA DE SOUSA BARRETO

Delegate Administrator

PATRICE SERGE VARTAN KEZIRIAN

Administrator

ANNIE ELISABETH TARON

Administrator

JEAN KEZIRIAN

Board of Director's President

Fiscal Board

JACQUES DOS SANTOS

Fiscal Board President

RITA MAFALDA RIBEIRO DE BARROS SILVA ALMEIDA

Fiscal Board Vice-President

MAZARS & ASSOCIADOS-SOCIEDADE REVISORES OFICIAIS DE CONTAS SA

Fiscal Board Vice-President

HENRIQUE JOSE MARTO DE OLIVEIRA

Fiscal Board Substitute

 

Legal Structure

 

Registed on the Register Record Office of Vila Vicosa with the Register Number 500101566 previous number 72 in 01-08-1974

Constitution celebrated in 29-04-1974 published on Diário da República number 123 of 27-05-1974

To oblige the company it is necessary 2 signature

 

Changes to Society

 

In 29-03-2013 on Portal MJ of 09-04-2014 board of director's change

In 31-03-2010 on Portal MJ of 16-12-2011 board of director's change

In 30-03-2007 on Portal MJ of 17-06-2008 board of director's change

In 26-03-2004 on Diário da República number 245 of 18-10-2004 board of director's change

In 20-12-2001 on Diário da República number 139 of 19-06-2002 board of director's change

 

Capital

 

The Capital is 1.500.000,00 , divided in 300000 shares , with a nominal value of 4,99

 

with the following shareholders

 

SOLUBEMA-SOCIEDADE LUSO-BELGA DE MARMORES SA

1.474.050,00

98,27%

 

Shareholders / Partners Companies

 

NAME

SOLUBEMA-SOCIEDADE LUSO-BELGA DE MARMORES SA

Funtion

Shareholder

Address

Praça Duque de Terceira, 24 - 4º

Locality

Lisboa

Telephone

213219080

Fax

213473417

E-Mail

info@solubema.com

C.A.E.

08111-

 

Activities

 

Line of Business

Percentage

Industria transformadora de mármores

100%

 

Type of Clients

Private Companies

Sales Conditions

Credit 30/60/90/120 days

 

Geographic Distribution of Sales

 

Internal Market

International Market

 

Year

EU

Extra-EU

Total

 

2012

707.055,54

6,88%

1.467.086,86

14,27%

8.104.665,98

78,85%

10.278.808,38

2011

763.202,92

6,87%

2.471.253,72

22,24%

7.875.548,46

70,89%

11.110.005,10

2010

774.961,20

7,48%

1.926.544,05

18,59%

7.664.197,83

73,94%

10.365.703,08

 

Geographic Distribution of Purchases

 

Internal Market

International Market

 

Year

EU

Extra-EU

Total

 

2012

4.662.148,40

85,00%

798.723,55

14,56%

23.957,43

0,44%

5.484.829,38

2011

5.685.971,19

89,63%

648.151,28

10,22%

9.354,00

0,15%

6.343.476,47

2010

4.969.624,25

83,34%

969.191,26

16,25%

24.406,78

0,41%

5.963.222,29

 

 

Banks and Financial Institutions

 

CAIXA GERAL DE DEPOSITOS, SA

Vila Viçosa

BANCO ESPIRITO SANTO, SA

Estremoz

MILLENNIUM BCP

Estremoz

 

Incidents

 

There are no of incidents on our database

 

Employees

 

Year

Total

Men

Women

 

2012

84

79

94%

5

6%

2011

91

86

95%

5

5%

2010

90

84

93%

6

7%

 

Insurance

 

Império Bonança Companhia de Seguros SA

 

Head Office and Installations

 

Head office and factory Lugar de Cabanas-Herdade de Vigaria, Apartado 27, Vila Vicosa, 7160-999, VILA VICOSA, Tel:268887100, Fax:268980657

 

Financial Demonstration SNC

Balance Sheet SNC

CoinEUROS

Year:2012

 

2012

2011

2010

% Var.2012/2011

 

ASSET

Non-current assets

Tangible fixed assets

2.523.779,72

2.882.217,64

3.263.558,96

(12,44)

Intangible assets

208,76

1.210,43

2.212,10

(82,75)

Other financial assets

16.690,38

16.690,38

16.690,38

Total

2.540.678,86

2.900.118,45

3.282.461,44

(12,39)

Current assets

Inventories

1.448.701,20

1.746.325,02

1.680.417,25

(17,04)

Costumers

6.396.366,23

5.118.738,68

6.906.980,17

24,96

Advances to suppliers

46.755,00

956,51

4.788,08

State and other public entities

328.260,53

340.943,85

189.188,58

(3,72)

Other accounts receivable

24.144,82

42.355,96

702.205,55

(43,00)

Deferrals

24.976,27

13.771,13

21.416,08

81,37

Cashier and bank deposits

416.057,26

1.117.855,97

167.145,63

(62,78)

Total

8.685.261,31

8.380.947,12

9.667.353,26

3,63

TOTAL ASSET

11.225.940,17

11.281.065,57

12.949.814,70

(0,49)

SHAREHOLDERS FUNDS AND LIABILITIES

SHAREHOLDERS FUNDS

Capital

1.500.000,00

1.500.000,00

1.500.000,00

Legal reserves

227.603,43

217.630,30

206.080,79

4,58

Net retained

4.292.087,63

4.102.598,13

3.883.157,41

4,62

Total

6.019.691,06

5.820.228,43

5.589.238,20

3,43

Net income for the period

339.175,74

199.462,63

230.990,23

70,04

TOTAL OF SHAREHOLDERS FUNDS

6.358.866,80

6.019.691,06

5.820.228,43

5,63

LIABILITY

Non-current liiabilities

Financing obtained

218.750,00

843.750,00

1.468.750,00

(74,07)

Total

218.750,00

843.750,00

1.468.750,00

(74,07)

Current liabilities

Suppliers

3.146.066,61

3.304.814,78

4.361.015,69

(4,80)

Advances from costumers

10.190,00

42.031,78

320,00

(75,76)

State and other public entities

166.407,29

103.187,39

90.451,49

61,27

Financing obtained

625.000,00

625.000,00

628.393,68

Other payable accounts

700.659,47

342.590,56

580.655,41

104,52

Total

4.648.323,37

4.417.624,51

5.660.836,27

5,22

TOTAL LIABILITIES

4.867.073,37

5.261.374,51

7.129.586,27

(7,49)

TOTAL SHAREHOLDERS FUNDS AND LIABILITIES

11.225.940,17

11.281.065,57

12.949.814,70

(0,49)

INCOME STATEMENT

INCOME AND EXPENSES

Sales and services

10.278.808,38

11.110.005,10

10.365.703,08

(7,48)

Variation in production inventories

(26.318,05)

(25.797,26)

128.920,96

2,02

Cost of goods sold and materials consumed

(5.756.135,15)

(6.251.770,00)

5.948.490,02

(7,93)

Suppliers and external services

(1.913.641,98)

(2.120.155,70)

1.965.740,98

(9,74)

Personnel costs

(1.801.725,26)

(1.990.953,84)

1.802.637,30

(9,50)

Other income and gains

93.583,55

53.215,90

54.547,24

75,86

Other expenses and losses

(23.726,99)

(34.479,38)

33.288,11

(31,18)

Result before depreciation, financing costs and taxes

850.844,50

740.064,82

799.014,87

14,97

Expenses/reversals of depreciation and amortization

(393.022,83)

(448.998,55)

476.370,78

(12,47)

Operating result (before financing costs and taxes)

457.821,67

291.066,27

322.644,09

57,29

Interest and similar income obtained

29.297,91

5.252,93

2.447,26

457,74

interest and similar expenses incurred

(21.999,90)

(43.233,52)

42.834,30

(49,11)

Net before taxes

465.119,68

253.085,68

282.257,05

83,78

Income tax of the period

(125.943,94)

(53.623,05)

51.266,82

134,87

Net profit for the period

339.175,74

199.462,63

230.990,23

70,04

 

RATIOS SNC

 

Closing Date

2012

2011

2010

 

 

TURNOVER RATIOS

Shareholder's Funds Profitability

0,053

0,033

0,04

Assets Profitability

0,041

0,026

0,025

Sales Net Profitability

0,033

0,018

0,022

EFFICIENCY RATIOS

Medium Term Receivable

227,134

168,167

243,21

Asset Rotation

0,916

0,985

0,8

PRODUCTIVITY RATIOS

Productivity

(8,9)

(8,72)

2,45

SHORT TERM RATIOS

General Liquidity

1,868

1,897

1,708

Reduced Liquidity

1,557

1,502

1,411

Immediate Liquidity

0,09

0,253

0,03

MEDIUM LONG TERM RATIOS

Financial Autonomy

0,566

0,534

0,449

Solvability

1,307

1,144

0,816

Borrowed Capital Structure

0,955

0,84

0,794

General Debt

0,133

0,244

0,36

Medium Long Term Debt

0,034

0,14

0,252

Debt Structure

0,955

0,84

0,794

Capital Structure

29,069

7,134

3,963

Operational and Financial Risk

Operational Leverage Level

35,024

59,649

13,691

Financial Leverage Level

0,984

1,15

1,143

Combined Leverage Level

34,464

68,596

15,649

 

CASH FLOW STATEMENT

 

Rubrics

2012

2011

PERIODS

 

CASH FLOWS FROM OPERATIONAL ACTIVITIES

Customers receipts

9.094.764,38

12.821.239,24

(29,06)%

Payments to suppliers

7.557.219,53

8.290.313,00

(8,84)%

Payments to employees

1.699.238,26

1.919.957,39

(11,50)%

Cash at bank generated from operations

(161.693,41)

2.610.968,85

(106,19)%

Payment/receipt of income tax

(30.242,07)

(47.606,31)

36,47%

Other receipts/payments

144.922,00

(883.081,15)

116,41%

Cash Flows from Operational Activities (A)

(47.013,48)

1.680.281,39

(102,80)%

CASH FLOWS' INVESTMENT ACTIVITIES

Payments regarding:

Fixed tangible assets

37.083,24

63.196,86

(41,32)%

Intangible assets

-

-

-

Financial investments

-

-

-

Other assets

-

-

-

Receipts from:

Fixed tangible assets

-

-

-

Intangible assets

-

-

-

Financial investments

-

-

-

Other assets

-

-

-

Investment subsidies

-

-

-

Interest and similar income

29.297,91

5.252,93

457,74%

Dividends

-

-

-

Cash Flows' Investments Activities (B)

(7.785,33)

(57.943,93)

86,56%

CASH FLOWS' INVESTMENT ACTIVITIES

Receipts from:

Obtained financing

-

59.000,00

-

Paying-up of capital and other equity instruments

-

-

-

Coverage of losses

-

-

-

Donations

-

-

-

Other financing operations

-

-

-

Payments regarding:

Obtained financing

625.000,00

687.393,60

(9,08)%

Interests and similar expenses

21.999,90

43.233,52

(49,11)%

Dividends

-

-

-

Capital's redution and other equity instruments

-

-

-

Other financing operations

-

-

-

Cash Flows' Financing Activities ©

(646.999,90)

(671.627,12)

3,67%

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

(701.798,71)

950.710,34

(173,82)%

Effect of exchange differences

-

-

-

Cash at bank and its equivalents at the start of period

1.117.855,97

167.145,63

568,79%

Cash at bank and its equivalents at the end of period

416.057,26

1.117.855,97

(62,78)%

 

CASH FLOWS

 

Movimentos do Periodo de 2012

Rubrics

Initial balance

Debits

Credits

Final balance

 

PERIOD'S CARRYING AMOUNT AND MOVEMENTS

 

Cash in hand

1.000,00

21.257,85

21.257,85

1.000,00

Order deposits

316.855,97

13.055.782,88

12.957.581,59

415.057,26

Other bank deposits

800.000,00

1.000.000,00

1.800.000,00

0,00

Total cash at bank and bank deposits

1.117.855,97

14.077.040,73

14.778.839,44

416.057,26

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:

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 2012

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

84

148.205

Paid company employees

84

148.205

Company UNPAID employees

0

0

Company employees, by type of working hours

Full time company employees

83

146.952

Of which: Full time company employees

83

146.952

Part time company employees

1

1.253

Of which: Part time company employees

1

1.253

Company employees, by gender:

Men

79

139.992

Women

5

8.213

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

1.801.725,26

Governance Bodies Remuneration

-

Of which: Profit-sharing

-

Employees remuneration

1.421.400,87

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

306.858,79

Charges on remunerations

70.374,64

Insurance for accidents at work and professional diseases

244,51

Social security expenses

2.846,45

Other staff costs

936,00

Of which:

-

 

INFORMATION BY GEOGRAPHIC MARKETS

 

Geographic markets

Rubrics

Internal

EU

Extra-EU

Total

 

Sales

698.863,70

1.434.768,69

7.961.619,55

10.095.251,94

Services provided

8.191,84

32.318,17

143.046,43

183.556,44

Purchases

4.662.148,40

798.723,55

23.957,43

5.484.829,38

Supplies and external services

1.568.629,65

334.809,05

10.203,28

1.913.641,98

Acquisition of fixed tangible assets

16.989,24

20.094,00

-

37.083,24

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

2012

2011

PERIODS

 

Customers

 

Trade accounts receivable

6.396.366,23

5.081.671,79

25,87%

Trade notes receivable

-

37.066,89

-

Advances received from customers

10.190,00

42.031,78

(75,76)%

Suppliers

Trade accounts payable

3.146.066,61

3.304.814,78

(4,80)%

Trade notes payable

-

-

-

Trade accounts payable - unchecked invoices

-

-

-

Advances to suppliers

46.755,00

956,51

4.788,08%

Staff

Payable remunerations

-

-

-

Advanced payments

149,88

-

-

Bonds

-

-

-

Other operations

-

-

-

State and other public sector institutions

Income Tax

-

-

-

Deductible IVA (debt cumulative amounts)

1.526.064,17

-

-

Paid IVA (credit cumulative amounts)

480.680,64

-

-

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

16.391,58

-

-

additional expenses - Creditors

696.541,20

-

-

Deferred tax assets

-

-

-

Deferred tax liabilities

-

-

-

Unreleased subscriptions - Creditors

-

-

-

Advances received on account of sales

-

-

-

Other debtors and creditors

Other debtors

7.603,36

-

-

Other creditors

4.018,58

-

-

 

EXPENSE ACCOUNTS

 

Rubrics

2012

2011

PERIODS

 

Supplies and external services

1.913.641,98

2.120.155,70

(9,74)%

Subcontracts

18.140,47

103.199,98

(82,42)%

Specialized services

831.473,80

1.016.301,96

(18,19)%

Specialized works

413.440,75

412.773,67

0,16%

Of which: Payments to workers placed through agencies

-

-

-

Advertising and promotion

9.980,84

16.825,20

(40,68)%

Surveillance and security

2.514,24

3.566,08

(29,50)%

Fees

2.622,30

1.496,40

75,24%

Comissions

252.071,49

267.476,67

(5,76)%

Maintenance and repairs

101.667,51

261.715,55

(61,15)%

Others

49.176,67

52.448,39

(6,24)%

Materials

42.621,00

45.439,59

(6,20)%

Fast wear tools and utensils

12.561,28

12.570,64

(0,07)%

Books and technical documentation

732,68

707,33

3,58%

Office material

19.702,65

25.754,26

(23,50)%

Gift items

9.427,56

6.031,16

56,31%

Others

196,83

376,20

(47,68)%

Energy and fluids

254.316,72

253.091,14

0,48%

Electricity

229.442,49

222.802,62

2,98%

Fuels

21.602,34

25.822,53

(16,34)%

Water

3.271,89

4.465,99

(26,74)%

Others

-

-

-

Travel, lodging and transportation

649.936,39

573.001,76

13,43%

Travel and lodging

65.230,44

55.096,32

18,39%

Transport of personnel

-

-

-

Transport of goods

584.705,95

517.905,44

12,90%

Others

-

-

-

Different services

117.153,60

129.121,27

(9,27)%

Rents and leases

6.169,96

6.530,59

(5,52)%

Of which: Rents from land

-

-

-

Communication

54.360,96

59.473,32

(8,60)%

Insurance

39.950,11

39.946,22

0,01%

Royalties

-

-

-

Litigation and Notaries

43,00

245,10

(82,46)%

Representation expenses

2.184,60

6.177,65

(64,64)%

Cleaning, hygiene and comfort

11.686,57

13.071,34

(10,59)%

Other services

2.758,40

3.677,05

(24,98)%

 

Deliberation of Approval of Accounts

 

Were the financial year's accounts approved?

YES

Data da Aprovação: 29-03-2013

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

4.631.263,37

4.302.060,76

Allocated results / Available profits

-

-

Percentages or bonuses to managing bodies

-

-

Ditto to staff

-

-

Reserves

16.958,78

9.973,13

Coverage of losses

-

-

7. Others

-

-

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

4.614.304,59

4.292.087,63

 

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: 502107251

Was the Legal certification of accounts issued?

YES

Without reservation

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.59.05

UK Pound

1

Rs.99.61

Euro

1

Rs.80.60

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

Report Prepared by :

PDT

 

               

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.