MIRA INFORM REPORT

 

 

Report Date :

22.11.2014

 

IDENTIFICATION DETAILS

 

Name :

ABRADISC-ABRASIVOS LDA

 

 

Registered Office :

Rua Carvalhais, Pav. 6,7, nº 1, Carvalhais

 

 

Country :

Portugal

 

 

Financials (as on) :

2013

 

 

Date of Incorporation :

18.01.2013

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

·         Manufacture of Abrasive Products.

·         Wholesale of Hardware, Plumbing and Articles for Plumbing and Heating

 

 

No. of Employees :

22

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

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 – June 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

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

ABRADISC-ABRASIVOS LDA

V.A.T. Number / NIF

510534295

Address

Rua Carvalhais, Pav. 6,7, nº 1, Carvalhais

Locality

Santa Maria Oliveira

Postal Code

4765-339-SANTA MARIA OLIVEIRA

Municipality

VILA NOVA DE FAMALICAO

District

BRAGA

Telephone

252900040

Fax

252900049

E-Mail

abradisc@abradisc.pt  

Web Site

www.abradisc.pt

 

 

C.A.E.(Rev 3)

23910- Manufacture of abrasive products

C.A.E.(Rev 3)

46740- Wholesale of hardware, plumbing and articles for plumbing and heating

 

 

Financial Highlights

 

 

 

2013

Net Sales

 

876.336,36

Net Income For the Year

 

4.582,11

Shareholders Funds

 

29.582,11

Stocks

 

374.950,98

LIABILITY

 

963.927,27

ASSETS

 

993.509,38

 

 

Business Concept

 

 

 

Consulted sources say that the subject has been respecting its payments and commercial commitments, where is no inconvenience in credit connections.

 

 

Summary

 

Legal Form

Private Limited Company

Constitution

18-01-2013

V.A.T. Number / NIF

510534295

Employees

22

Capital

25.000,00

Sales in : 31-12-2013

876.336,36

Shareholders Funds in: 31-12-2013

29.582,11

Payments

Good

Actual Condition

In activity

 

Management Bodies

 

GIOVANNI BATTISTA URBANI

Managing-Partner

 

Gráficos de Análise Sectorial

 

Capital

 

The Capital is 25.000,00

 

 

With the following distribution

 

GIOVANNI BATTISTA URBANI

15.000,00

60%

JOSE AMANDIO PEREIRA DA SILVA

10.000,00

40%

 

Biographies

 

 

Name

GIOVANNI BATTISTA URBANI

Funtion

Managing-Partner

Address

Travessa 24 de Junho, nº 124

Locality

Brito

Civil State

Married

Consort

Maria Luigia Derogati

 

Name

JOSE AMANDIO PEREIRA DA SILVA

Funtion

Partner

Address

Travessa 24 de Junho, nº 124

Locality

Brito

Birth Date

22-05-1964

Civil State

Married

Consort

Maria Inês Marques Gonçalves

Previous Connections

Exerceu a sua actividade como empresário em nome individual.

Professional Connections

The subject has connections with the following company (ies)

 

POLITAIPAS-POLIMENTOS DE METAIS LDA as Managing-Partner with a participation of 4.500,00 , in a capital of 5.000,00 .

 

NEUZEIT-COM LDA as Managing-Partner with a participation of 4.000,00 , in a capital of 5.000,00 .

 

FADIPOL-FABRICA DE DISCOS E SABOES DE POLIR LDA as Managing-Partner with a participation of 69.831,71 , in a capital of 139.663,42 .

 

Activities

 

Line of Business

Percentage

Production and sale of abrasives and polishing products for surface treatment. Manufacturing and marketing of machines and tools.

100%

 

Geographic Distribution of Sales

 

 

Internal Market

 

International Market

 

 

Year

 

EU

Extra-EU

Total

 

 

2013

668.571,07

76,29%

207.764,29

23,71%

1,00

0,00%

876.336,36

 

 

Geographic Distribution of Purchases

 

 

Internal Market

 

International Market

 

 

Year

 

EU

Extra-EU

Total

 

 

2013

403.210,03

48,91%

395.779,90

48,01%

25.383,56

3,08%

824.373,49

 

Incidents

 

There are no of incidents on our database

 

 

 

Employees

 

Year

Total

Men

Women

 

 

2013

22

21

95%

1

5%

 

 

Head Office and Installations

 

Head office Rua Carvalhais, Pav. 6,7, nº 1, Carvalhais, Santa Maria Oliveira, 4765-339, SANTA MARIA OLIVEIRA, Tel:252900040, Fax:252900049

 

 

Financial Demonstration SNC

 

Balance Sheet SNC

CoinEUROS

 

Year:2013

 

 

 

2013

-

-

% Var.2013/12

 

ASSET

 

 

 

 

 

 

 

 

Non-current assets

 

 

 

 

 

 

 

 

Tangible fixed assets

220.385,59

-

-

-

 

 

Investment properties

-

-

-

-

 

 

Goodwill

-

-

-

-

 

 

Intangible assets

-

-

-

-

 

 

Biological assets

-

-

-

-

 

 

Financial participations - patrimonial equity method

-

-

-

-

 

 

Financial participations - other methods

-

-

-

-

 

 

Shareholders/partners

-

-

-

-

 

 

Other financial assets

28,13

-

-

-

 

 

Deferred tax assets

-

-

-

-

 

 

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

-

-

-

-

 

 

Total

220.413,72

 

 

 

 

 

 

 

 

 

 

 

 

Current assets

 

 

 

 

 

 

 

 

Inventories

374.950,98

-

-

-

 

 

Biological assets

-

-

-

-

 

 

Costumers

338.970,06

-

-

-

 

 

Advances to suppliers

-

-

-

-

 

 

State and other public entities

4.452,34

-

-

-

 

 

Shareholders/partners

-

-

-

-

 

 

Other accounts receivable

-

-

-

-

 

 

Deferrals

1.559,38

-

-

-

 

 

Financial assets held for trading

-

-

-

-

 

 

Other financial assets

-

-

-

-

 

 

Non-current assets held for sale

-

-

-

-

 

 

Other current assets

-

-

-

-

 

 

Cashier and bank deposits

53.162,90

-

-

-

 

 

Total

773.095,66

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL ASSET

993.509,38

 

 

 

 

 

 

 

 

 

 

 

 

SHAREHOLDERS FUNDS AND LIABILITIES

 

 

 

 

 

 

 

 

SHAREHOLDERS FUNDS

 

 

 

 

 

 

 

 

Capital

25.000,00

-

-

-

 

 

Own shares

-

-

-

-

 

 

Other shareholders funds instruments

-

-

-

-

 

 

Emission premiuns

-

-

-

-

 

 

Legal reserves

-

-

-

-

 

 

Other reserves

-

-

-

-

 

 

Net retained

-

-

-

-

 

 

Adjustments on financial assets

-

-

-

-

 

 

Revaluation surplus

-

-

-

-

 

 

Other shareholders funds changes

-

-

-

-

 

 

Total

25.000,00

 

 

 

 

 

 

 

 

 

 

 

 

Net income for the period

4.582,11

-

-

-

 

 

Antecipated dividends

-

-

-

-

 

 

TOTAL OF SHAREHOLDERS FUNDS

29.582,11

 

 

 

 

 

 

 

 

 

 

 

 

LIABILITY

 

 

 

 

 

 

 

 

Non-current liiabilities

 

 

 

 

 

 

 

 

Provisions

-

-

-

-

 

 

Financing obtained

495.000,00

-

-

-

 

 

Responsability for post-employment beneficts

-

-

-

-

 

 

Diferred taxes liabilities

-

-

-

-

 

 

Other payable accounts

17.962,68

-

-

-

 

 

Total

512.962,68

 

 

 

 

 

 

 

 

 

 

 

 

Current liabilities

 

 

 

 

 

 

 

 

Suppliers

385.771,97

-

-

-

 

 

Advances from costumers

-

-

-

-

 

 

State and other public entities

15.738,25

-

-

-

 

 

Shareholders/partners

-

-

-

-

 

 

Financing obtained

-

-

-

-

 

 

Other payable accounts

49.454,37

-

-

-

 

 

Deferrals

-

-

-

-

 

 

Financial liabilities held for trading

-

-

-

-

 

 

Other financial liabilities

-

-

-

-

 

 

Non-current liabilities held for sale

-

-

-

-

 

 

Other current liabilities

-

-

-

-

 

 

Total

450.964,59

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL LIABILITIES

963.927,27

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL SHAREHOLDERS FUNDS AND LIABILITIES

993.509,38

 

 

 

 

 

 

 

 

 

 

 

 

INCOME STATEMENT

 

 

 

 

 

 

 

 

INCOME AND EXPENSES

 

 

 

 

 

 

 

 

Sales and services

876.336,36

-

-

-

 

 

Operating government grants

-

-

-

-

 

 

Gains/losses allocated subsidiaries, associates and joint ventures

-

-

-

-

 

 

Variation in production inventories

3.324,40

-

-

-

 

 

Work for the entity itself

-

-

-

-

 

 

Cost of goods sold and materials consumed

452.746,91

-

-

-

 

 

Suppliers and external services

138.510,50

-

-

-

 

 

Personnel costs

242.345,27

-

-

-

 

 

Impairment of inventories (losses/revearsals)

-

-

-

-

 

 

Impairment of receivables (losses/revearsals)

-

-

-

-

 

 

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

2.177,79

-

-

-

 

 

Other expenses and losses

3.952,62

-

-

-

 

 

Result before depreciation, financing costs and taxes

44.283,25

 

 

 

 

 

 

 

 

 

 

 

 

Expenses/reversals of depreciation and amortization

37.983,91

-

-

-

 

 

Impairment of investments depreciable/amortizable (losses/reversals)

-

-

-

-

 

 

Operating result (before financing costs and taxes)

6.299,34

 

 

 

 

 

 

 

 

 

 

 

 

Interest and similar income obtained

-

-

-

-

 

 

interest and similar expenses incurred

711,92

-

-

-

 

 

Net before taxes

5.587,42

 

 

 

 

 

 

 

 

 

 

 

 

Income tax of the period

1.005,31

-

-

-

 

 

Net profit for the period

4.582,11

 

 

 

 

 

 

 

 

 

 

 

 

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

-

-

-

-

 

 

 

 

RATIOS SNC

 

 

Closing Date

2013

 

 

 

 

 

 

TURNOVER RATIOS

 

Shareholder's Funds Profitability

0,155

 

 

 

 

 

Assets Profitability

0,006

 

 

 

 

 

Sales Net Profitability

0,005

 

 

 

 

 

 

 

EFFICIENCY RATIOS

 

Medium Term Receivable

141,183

 

 

 

 

 

Asset Rotation

0,882

 

 

 

 

 

 

 

PRODUCTIVITY RATIOS

 

Productivity

1,748

 

 

 

 

 

 

 

SHORT TERM RATIOS

 

General Liquidity

1,714

 

 

 

 

 

Reduced Liquidity

0,883

 

 

 

 

 

Immediate Liquidity

0,118

 

 

 

 

 

 

 

MEDIUM LONG TERM RATIOS

 

Financial Autonomy

0,03

 

 

 

 

 

Solvability

0,031

 

 

 

 

 

Borrowed Capital Structure

0,468

 

 

 

 

 

General Debt

16,733

 

 

 

 

 

Medium Long Term Debt

16,733

 

 

 

 

 

Debt Structure

0,468

 

 

 

 

 

Capital Structure

0,058

 

 

 

 

 

 

 

Operational and Financial Risk

 

Operational Leverage Level

67,243

 

 

 

 

 

Financial Leverage Level

1,127

 

 

 

 

 

Combined Leverage Level

75,783

 

 

 

 

 

 

CASH FLOW STATEMENT

 

Rubrics

2013

2012

PERIODS

 

CASH FLOWS FROM OPERATIONAL ACTIVITIES

 

 

 

Customers receipts

0.00

 

 

Payments to suppliers

0.00

 

 

Payments to employees

0.00

 

 

Cash at bank generated from operations

0,00

 

 

Payment/receipt of income tax

0.00

 

 

Other receipts/payments

0.00

 

 

Cash Flows from Operational Activities (A)

0,00

 

 

CASH FLOWS' INVESTMENT ACTIVITIES

 

 

 

Payments regarding:

 

 

 

Fixed tangible assets

0.00

 

 

Intangible assets

0.00

 

 

Financial investments

0.00

 

 

Other assets

0.00

 

 

Receipts from:

 

 

 

Fixed tangible assets

0.00

 

 

Intangible assets

0.00

 

 

Financial investments

0.00

 

 

Other assets

0.00

 

 

Investment subsidies

0.00

 

 

Interest and similar income

0.00

 

 

Dividends

0.00

 

 

Cash Flows' Investments Activities (B)

0,00

 

 

CASH FLOWS' INVESTMENT ACTIVITIES

 

 

 

Receipts from:

 

 

 

Obtained financing

0.00

 

 

Paying-up of capital and other equity instruments

0.00

 

 

Coverage of losses

0.00

 

 

Donations

0.00

 

 

Other financing operations

0.00

 

 

Payments regarding:

 

 

 

Obtained financing

0.00

 

 

Interests and similar expenses

0.00

 

 

Dividends

0.00

 

 

Capital's redution and other equity instruments

0.00

 

 

Other financing operations

0.00

 

 

Cash Flows' Financing Activities ©

0,00

 

 

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

0,00

 

 

Effect of exchange differences

0.00

 

 

Cash at bank and its equivalents at the start of period

0.00

 

 

Cash at bank and its equivalents at the end of period

0.00

 

 

 

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

374.217,57

346.392,41

27.825,16

Order deposits

0,00

1.048.981,89

1.023.644,15

25.337,74

Other bank deposits

-

-

-

0,00

Total cash at bank and bank deposits

0,00

1.423.199,46

1.370.036,56

53.162,90

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

22

24.640

Paid company employees

22

24.640

Company UNPAID employees

0

0

Company employees, by type of working hours

 

 

Full time company employees

22

24.640

Of which: Full time company employees

22

24.640

Part time company employees

-

-

Of which: Part time company employees

-

-

Company employees, by gender:

 

 

Men

21

23.520

Women

1

1.120

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

242.345,27

Governance Bodies Remuneration

20.572,20

Of which: Profit-sharing

-

Employees remuneration

174.767,06

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

43.110,97

Insurance for accidents at work and professional diseases

2.445,04

Social security expenses

-

Other staff costs

1.450,00

Of which:

 

Expenditure on education

-

Expenditure on uniforms

-

 

INFORMATION BY GEOGRAPHIC MARKETS

 

 

Geographic markets

Rubrics

Internal

EU

Extra-EU

Total

 

Sales

668.404,47

207.764,29

1,00

876.169,76

Services provided

166,60

-

-

166,60

Purchases

403.210,03

395.779,90

25.383,56

824.373,49

Supplies and external services

137.189,80

1.320,70

-

138.510,50

Acquisition of fixed tangible assets

166.395,10

93.474,40

-

259.869,50

Acquisition of investment properties

-

-

-

0,00

Acquisition of intangible assets

-

-

-

0,00

Supplementary income:

38,99

1.019,28

0,00

1.058,27

Social services

-

-

-

0,00

Equipment rental

-

-

-

0,00

Studies, projects and technological assistance

-

-

-

0,00

Royalities

-

-

-

0,00

Others

38,99

1.019,28

-

1.058,27

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

338.970,06

 

 

Trade notes receivable

-

 

 

Advances received from customers

-

 

 

Suppliers

 

 

 

Trade accounts payable

385.771,97

 

 

Trade notes payable

-

 

 

Trade accounts payable - unchecked invoices

-

 

 

Advances to suppliers

-

 

 

Staff

 

 

 

Payable remunerations

15.748,12

 

 

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

-

 

 

Other creditors

-

 

 

 

EXPENSE ACCOUNTS

 

Rubrics

2013

2012

PERIODS

 

Supplies and external services

138.510,50

 

 

Subcontracts

1.412,08

 

 

Specialized services

25.089,41

 

 

Specialized works

21.026,13

 

 

Of which: Payments to workers placed through agencies

-

 

 

Advertising and promotion

673,80

 

 

Surveillance and security

446,55

 

 

Fees

76,26

 

 

Comissions

-

 

 

Maintenance and repairs

2.388,07

 

 

Others

478,60

 

 

Materials

26.074,42

 

 

Fast wear tools and utensils

23.023,75

 

 

Books and technical documentation

-

 

 

Office material

3.050,67

 

 

Gift items

-

 

 

Others

-

 

 

Energy and fluids

18.025,52

 

 

Electricity

9.935,68

 

 

Fuels

7.598,25

 

 

Water

491,59

 

 

Others

-

 

 

Travel, lodging and transportation

41.422,41

 

 

Travel and lodging

6.985,05

 

 

Transport of personnel

-

 

 

Transport of goods

34.437,36

 

 

Others

-

 

 

Different services

26.486,66

 

 

Rents and leases

20.710,00

 

 

Of which: Rents from land

-

 

 

Communication

2.101,85

 

 

Insurance

2.254,81

 

 

Royalties

-

 

 

Litigation and Notaries

725,90

 

 

Representation expenses

311,90

 

 

Cleaning, hygiene and comfort

382,20

 

 

Other services

-

 

 

 

Deliberation of Approval of Accounts

 

Were the financial year's accounts approved?

 

YES

 

Data da Aprovação: 28-03-2014

 

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

4.582,11

 

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)

4.582,11

 

 

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.61.85

UK Pound

1

Rs.97.01

Euro

1

Rs.77.62

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

NIT

 

 

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.