MIRA
INFORM REPORT
|
Report Date : |
26.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
SACENTRO-COMERCIO DE TEXTEIS SA |
|
|
|
|
Registered Office : |
Centro Empresarial de Talaide, Estrada Octácio Pato, 177, Edifício A, armazém 3 Sao Domingos De Rana Cascais Lisboa |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
04.04.2002 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Wholesale of clothing and accessories. |
|
|
|
|
No. of Employees : |
117 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
Slow but correct |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 |
Company name and address
|
Name |
SACENTRO-COMERCIO
DE TEXTEIS SA |
|
IIC Number |
848149 |
|
V.A.T. Number / NIF |
506016846 |
|
Address |
Centro Empresarial de Talaide, Estrada octácio Pato, 177, Edifício A, armazém 3 |
|
Locality |
Sao Domingos De Rana |
|
Postal Code |
2785-723-SAO DOMINGOS DE RANA |
|
Municipality |
CASCAIS |
|
District |
LISBOA |
|
Telephone |
210046800, 210046870 |
|
Fax |
210046802 |
|
E-Mail |
andre.viegas@sacoor.com |
|
Web Site |
www.sacoor.com |
|
|
|
|
C.A.E.(Rev 3) |
46421- Wholesale of clothing and accessories |
Financial Highlights
|
|
|
2011 |
|
2012 |
|
2013 |
|
Net Sales |
23.997.103,82 |
|
27.475.657,33 |
|
25.679.180,83 |
|
Net Income For the Year |
1.119.577,20 |
|
4.239.849,77 |
|
2.283.171,68 |
|
Shareholders Funds |
20.448.374,70 |
|
24.688.224,47 |
|
26.971.396,15 |
|
Stocks |
6.755.781,05 |
|
6.771.507,75 |
|
4.241.314,17 |
|
LIABILITY |
29.347.567,41 |
|
24.838.196,10 |
|
21.747.773,43 |
|
ASSETS |
49.795.942,11 |
|
49.526.420,57 |
|
48.719.169,58 |
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 |
04-04-2002 |
|
V.A.T. Number / NIF |
506016846 |
|
Employees |
117 |
|
Capital |
100.020,00 |
|
Sales in : 31-12-2013 |
25.679.180,83 |
|
Shareholders Funds in: 31-12-2013 |
26.971.396,15 |
|
Payments |
Good |
|
Credit Recommendation |
Credit Worthy |
|
Actual Condition |
In activity |
Governing Bodies
|
|
|
|
|
Board of Director's |
|
|
MALIK HAIDERALI SACOOR |
Board of Director's President |
|
SALIM HAIDERALI SACOOR |
Administrator |
|
RAHIMO HAIDERALI SACOOR |
Administrator |
|
MOEZ HAIDERALI SACOOR |
Administrator |
|
|
|
|
Fiscal Board |
|
|
DELOITTE & ASSOCIADOS-SROC SA |
Unique Fiscal |
|
DUARTE NUNO PASSOS GALHARDAS |
Fiscal Board Substitute |
Legal Structure
|
|
Registed on the Register Record Office of Cascais with the Register Number 506016846 in 12-01-2009 |
|
Constitution celebrated in 04-04-2002 |
|
To oblige the company it is necessary 2 signature |
|
Changes to Society |
|
In 30-10-2010 on Portal MJ of 02-11-2010 business change |
|
|
In 09-12-2009 on Portal MJ of 09-12-2009 rectification Clique para ver detalhes
|
|
|
In 25-02-2009 on Portal MJ of 25-02-2009 board of director's change |
|
|
In 12-01-2009 on Portal MJ of 13-01-2009 head office change |
|
|
In 30-06-2005 on Diário da República number 239 of 15-12-2005 increase of capital Clique para ver detalhes
|
|
Capital |
|
The Capital is 100.020,00 , divided in 20000 shares , with a nominal value of 5,00 |
|
|
Activities |
|
Line of Business |
Percentage |
|
Import, export and wholesale trade of clothing, footwear, fashion accessories, perfumes, bags, towels and the like for men, women and children; Developing and promoting training through its own plans and provision of Training Services to other entities; Designing interventions, programs, tools and training support; Organization, promotion, development, implementation, monitoring and evaluation of interventions or training activities. |
100% |
|
Type of Clients |
Group Companies |
|
|
|
Sales Conditions |
|
|
|
|
Geographic Distribution of Sales |
|
|
Internal Market |
|
International Market |
|
|
Year |
|
EU |
Extra-EU |
Total |
|
|
2013 |
24.439.024,07 |
95,17% |
1.240.156,76 |
4,83% |
0,00 |
0,00% |
25.679.180,83 |
|
|
2012 |
25.418.551,29 |
92,51% |
2.057.106,04 |
7,49% |
0,00 |
0,00% |
27.475.657,33 |
|
|
2011 |
22.438.711,34 |
93,51% |
1.558.392,48 |
6,49% |
0,00 |
0,00% |
23.997.103,82 |
|
|
2010 |
21.846.711,54 |
95,86% |
943.499,03 |
4,14% |
0,00 |
0,00% |
22.790.210,57 |
|
|
Geographic Distribution of Purchases |
|
|
Internal Market |
|
International Market |
|
|
Year |
|
EU |
Extra-EU |
Total |
|
|
2013 |
1.205.008,37 |
10,65% |
974.560,30 |
8,61% |
9.139.363,07 |
80,74% |
11.318.931,74 |
|
|
2012 |
394.994,80 |
2,93% |
1.466.022,69 |
10,87% |
11.628.290,71 |
86,20% |
13.489.308,20 |
|
|
2011 |
1.302.612,54 |
7,80% |
3.778.786,27 |
22,62% |
11.625.896,19 |
69,59% |
16.707.295,00 |
|
|
2010 |
- |
- |
- |
- |
11.243.680,91 |
100,00% |
11.243.680,91 |
|
|
Trade Marks |
|
Sacoor |
|
Banks and Financial Institutions |
|
MILLENNIUM BCP |
Almirante Reis - Lisboa |
|
BANCO SANTANDER TOTTA SA |
Sacavém |
|
CAIXA GERAL DE DEPOSITOS, SA |
Estefânia - Lisboa |
Incidents
|
|
Legal Actions |
|
Date |
Process |
Author |
Type |
Amount |
Judicial District |
Court |
Situation |
|
|
273/14.1TTLSB |
|
Acção de Processo Comum |
7.198,54 |
Lisboa - Tribunal do Trabalho |
|
|
|
|
421/12.6TTCSC |
|
Acção de Processo Comum |
205.015,19 |
Cascais - Tribunal do Trabalho |
|
|
|
|
252343/11.9YIPRT |
|
Especial Cump.Obrig. Pecuniarias DL 269/98 |
1.770,94 |
Lisboa - Tribunal de Pequena Instância Cível |
|
|
|
|
5855/11.0TBCSC |
|
Executiva Comum |
2.579,50 |
Cascais - Tribunal de Família e Menores e de Comarca |
|
|
|
|
1604/11.1TCLRS |
|
Executiva Comum |
648,67 |
Loures - Tribunal de Família e Menores e de Comarca |
|
|
|
|
52982/10.8YIPRT |
|
Especial Cump.Obrig. Pecuniarias DL 269/98 |
27.001,02 |
Lisboa - Juízos Cíveis |
|
|
27-01-2014
Maria Teresa Oliveira Cabeças Machado
Employees
|
|
Year |
Total |
Men |
Women |
|
|
2013 |
117 |
43 |
37% |
74 |
63% |
|
|
2012 |
99 |
40 |
40% |
59 |
60% |
|
|
2011 |
94 |
35 |
37% |
59 |
63% |
|
|
2010 |
80 |
40 |
50% |
40 |
50% |
|
|
Insurance |
|
Zurich Companhia de Seguros SA |
|
REAL Companhia de Seguros SA |
|
Head Office and Installations |
|
Had head office Rua Jacinta Marto, 8 1º. Frente , Lisboa, 1000, LISBOA |
|
Head office Centro de Empresas de Talaide, Estrada Octácio Pato, 177, Edifício A,armazém 3 , Sao Domingos De Rana, 2785-723, SAO DOMINGOS DE RANA, Tel:210046800, Fax:210046802 |
Participations
|
|
The subject participates on the following company(ies) |
|
|
|
|
|
IIC Number |
975466 |
|
NAME |
INSAC-COMERCIO DE VESTUARIO SA |
|
Address |
Rua de Jacinta Marto,8-1 Frente |
|
Locality |
Lisboa |
|
C.A.E. |
46410- Wholesale trade of textiles |
|
Capital |
65.000,00 |
|
Participation |
100% |
|
|
|
|
IIC Number |
1208468 |
|
NAME |
REALSAC-COMERCIO DE VESTUARIO SA |
|
Address |
Estrada Octávio Pato - Centro de Empresas de Talíde, 177 - Edifício A, Armazém 3 - Talaíde |
|
Locality |
Sao Domingos De Rana |
|
Telephone |
210046800 |
|
Fax |
210046802 |
|
E-Mail |
info@sacoor.com |
|
Web Site |
www.sacoor.com |
|
C.A.E. |
47711- Retail sale of clothing for adults in specialized |
|
Capital |
110.000,00 |
|
Participation |
100% |
|
|
|
|
IIC Number |
977164 |
|
NAME |
SACWEAR-COMERCIO DE VESTUARIO SA |
|
Address |
Rua Jacinto Marto,Nº 8-1 Frente |
|
Locality |
Lisboa |
|
C.A.E. |
46410- Wholesale trade of textiles |
|
Capital |
50.000,00 |
|
Participation |
100% |
|
|
|
|
IIC Number |
975478 |
|
NAME |
INTERSAC-COMERCIO DE VESTUARIO SA |
|
Address |
Estrada Octávio Pato - Centro Empresarial de Talaíde, Edifício A - Nº177 - Armazém 3 |
|
Locality |
Talaide |
|
Telephone |
210046800 |
|
Fax |
210046802 |
|
E-Mail |
cusromercare@sacoor.com |
|
C.A.E. |
47711- Retail sale of clothing for adults in specialized |
|
Capital |
94.500,00 |
|
Participation |
100% |
|
|
|
|
IIC Number |
1360501 |
|
NAME |
SACBOLSA SA |
|
Address |
Estrada Octavio Pato 177-Edificio A Armazem 3-Centro Empresarial de Talaide |
|
Locality |
Talaide |
|
C.A.E. |
46421- Wholesale of clothing and accessories |
|
Capital |
50.000,00 |
|
Participation |
100% |
|
|
|
|
IIC Number |
644287 |
|
NAME |
SACVESTE-COMERCIO DE VESTUARIO LDA |
|
Address |
Centro Empresarial de Talaide, Estrada octácio Pato, 177, Edifício A, armazém 3 |
|
Locality |
Sao Domingos De Rana |
|
Telephone |
210046800 |
|
Fax |
210046802 |
|
Web Site |
www.sacoor.com |
|
C.A.E. |
47711- Retail sale of clothing for adults in specialized |
|
Capital |
50.100,00 |
|
Participation |
100% |
|
|
|
|
IIC Number |
1379766 |
|
NAME |
SACNET SA |
|
Address |
Centro Empresarial de Talaíde, Estrada Octávio Pato nº 177, Edificio A, Armazém 3 |
|
Locality |
Sao Domingos De Rana |
|
C.A.E. |
47910- Retail trade by mail or via the Internet |
|
Capital |
50.000,00 |
|
Participation |
100% |
Special Information
|
|
Event |
General Description |
|
Foreign Participations |
A titular participa com 100% do capital nas firmas SACENTRO ESPAÑA TEXTIL S.A e SB Belgium, BBVA/SARL |
Financial Demonstration SNC
|
||
|
Balance Sheet SNC |
||
|
CoinEUROS |
|
Year:2013 |
|
|
||
|
|
2013 |
2012 |
2011 |
% Var.2013/2012 |
|
ASSET |
|
|||||
|
|
|
|
|
|
|
|
|
Non-current assets |
|
|||||
|
|
|
|
|
|
|
|
|
Tangible fixed assets |
2.528.620,58 |
2.800.381,75 |
3.173.916,01 |
(9,70) |
|
|
|
Financial participations - patrimonial equity method |
30.164.461,11 |
28.698.529,93 |
25.565.657,31 |
5,11 |
|
|
|
Financial participations - other methods |
22.500,00 |
22.500,00 |
17.500,00 |
|
|
|
|
Other financial assets |
103,19 |
|
|
|
|
|
|
Deferred tax assets |
63.998,15 |
319.003,85 |
342.899,44 |
(79,94) |
|
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|||||
|
|
|
|
|
|
|
|
|
Inventories |
4.241.314,17 |
6.771.507,75 |
6.755.781,05 |
(37,37) |
|
|
|
Costumers |
5.975.814,09 |
6.442.050,26 |
10.235.707,89 |
(7,24) |
|
|
|
State and other public entities |
121.025,64 |
23.541,92 |
|
414,09 |
|
|
|
Other accounts receivable |
2.997.067,12 |
2.593.856,58 |
2.291.954,41 |
15,54 |
|
|
|
Deferrals |
36.519,24 |
60.215,81 |
36.744,13 |
(39,35) |
|
|
|
Cashier and bank deposits |
2.567.746,29 |
1.794.832,72 |
1.375.781,87 |
43,06 |
|
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL ASSET |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SHAREHOLDERS FUNDS AND LIABILITIES |
|
|||||
|
|
|
|
|
|
|
|
|
SHAREHOLDERS FUNDS |
|
|||||
|
|
|
|
|
|
|
|
|
Capital |
100.020,00 |
100.020,00 |
100.020,00 |
|
|
|
|
Other shareholders funds instruments |
3.684.000,00 |
3.684.000,00 |
3.684.000,00 |
|
|
|
|
Emission premiuns |
29.907,88 |
29.907,88 |
29.907,88 |
|
|
|
|
Legal reserves |
20.000,00 |
20.000,00 |
20.000,00 |
|
|
|
|
Net retained |
20.854.296,59 |
16.614.446,82 |
15.494.869,62 |
25,52 |
|
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income for the period |
2.283.171,68 |
4.239.849,77 |
1.119.577,20 |
(46,15) |
|
|
|
TOTAL OF SHAREHOLDERS FUNDS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITY |
|
|||||
|
|
|
|
|
|
|
|
|
Non-current liiabilities |
|
|||||
|
|
|
|
|
|
|
|
|
Provisions |
1.894.827,72 |
1.780.285,46 |
1.630.736,13 |
6,43 |
|
|
|
Financing obtained |
1.353.254,41 |
1.968.501,99 |
2.741.546,75 |
(31,25) |
|
|
|
Diferred taxes liabilities |
139.115,95 |
278.232,27 |
417.348,59 |
(50,00) |
|
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current liabilities |
|
|||||
|
|
|
|
|
|
|
|
|
Suppliers |
2.238.315,90 |
2.299.583,74 |
3.363.125,89 |
(2,66) |
|
|
|
State and other public entities |
712.425,77 |
1.902.299,56 |
1.050.384,71 |
(62,55) |
|
|
|
Shareholders/partners |
7.284.134,43 |
8.143.116,15 |
10.350.930,57 |
(10,55) |
|
|
|
Financing obtained |
5.261.271,12 |
3.190.909,44 |
4.344.421,00 |
64,88 |
|
|
|
Other payable accounts |
2.864.428,13 |
5.275.267,49 |
5.449.073,77 |
(45,70) |
|
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL SHAREHOLDERS FUNDS AND LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
INCOME STATEMENT |
|
|||||
|
|
|
|
|
|
|
|
|
INCOME AND EXPENSES |
|
|||||
|
|
|
|
|
|
|
|
|
Sales and services |
25.679.180,83 |
27.475.657,33 |
23.997.103,82 |
(6,54) |
|
|
|
Gains/losses allocated subsidiaries, associates and joint ventures |
1.201.389,42 |
1.833.322,79 |
1.235.070,77 |
(34,47) |
|
|
|
Cost of goods sold and materials consumed |
13.862.958,18 |
13.710.714,47 |
13.328.856,98 |
1,11 |
|
|
|
Suppliers and external services |
5.679.093,13 |
5.423.963,58 |
4.843.929,02 |
4,70 |
|
|
|
Personnel costs |
2.692.955,65 |
2.270.772,17 |
2.166.085,27 |
18,59 |
|
|
|
Impairment of inventories (losses/revearsals) |
(878.838,13) |
(243.130,38) |
564.289,95 |
261,47 |
|
|
|
Impairment of receivables (losses/revearsals) |
832.506,00 |
|
(53.037,26) |
|
|
|
|
Provisions (increases/reductions) |
(150.000,00) |
150.000,00 |
|
(200,00) |
|
|
|
Other income and gains |
1.026.090,15 |
483.010,22 |
465.059,82 |
112,44 |
|
|
|
Other expenses and losses |
2.027.403,52 |
1.652.014,43 |
1.872.978,59 |
22,72 |
|
|
|
Result before depreciation, financing costs and taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses/reversals of depreciation and amortization |
467.077,48 |
448.095,83 |
389.798,65 |
4,24 |
|
|
|
Operating result (before financing costs and taxes) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest and similar income obtained |
1.202,93 |
13.357,91 |
|
(90,99) |
|
|
|
interest and similar expenses incurred |
507.560,06 |
878.989,12 |
1.195.449,42 |
(42,26) |
|
|
|
Net before taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax of the period |
583.975,76 |
1.274.079,26 |
269.306,59 |
(54,16) |
|
|
RATIOS SNC
|
|
|
||||
|
Closing Date |
2013 |
2012 |
2011 |
|
|
|
|
|||||
|
TURNOVER RATIOS |
|
|||||
|
Shareholder's Funds Profitability |
0,085 |
0,172 |
0,055 |
|
|
|
|
Assets Profitability |
0,069 |
0,129 |
0,052 |
|
|
|
|
Sales Net Profitability |
0,089 |
0,154 |
0,047 |
|
|
|
|
|
|
|||||
|
EFFICIENCY RATIOS |
|
|||||
|
Medium Term Receivable |
84,939 |
85,579 |
155,687 |
|
|
|
|
Asset Rotation |
0,527 |
0,555 |
0,482 |
|
|
|
|
|
|
|||||
|
PRODUCTIVITY RATIOS |
|
|||||
|
Productivity |
4,388 |
6,062 |
4,925 |
|
|
|
|
|
|
|||||
|
SHORT TERM RATIOS |
|
|||||
|
General Liquidity |
0,868 |
0,85 |
0,843 |
|
|
|
|
Reduced Liquidity |
0,637 |
0,524 |
0,568 |
|
|
|
|
Immediate Liquidity |
0,14 |
0,086 |
0,056 |
|
|
|
|
|
|
|||||
|
MEDIUM LONG TERM RATIOS |
|
|||||
|
Financial Autonomy |
0,554 |
0,498 |
0,411 |
|
|
|
|
Solvability |
1,24 |
0,994 |
0,697 |
|
|
|
|
Borrowed Capital Structure |
0,844 |
0,838 |
0,837 |
|
|
|
|
General Debt |
0,245 |
0,209 |
0,347 |
|
|
|
|
Medium Long Term Debt |
0,05 |
0,08 |
0,134 |
|
|
|
|
Debt Structure |
0,844 |
0,838 |
0,837 |
|
|
|
|
Capital Structure |
7,963 |
6,131 |
4,269 |
|
|
|
|
|
|
|||||
|
Operational and Financial Risk |
|
|||||
|
Operational Leverage Level |
3,503 |
2,158 |
4,128 |
|
|
|
|
Financial Leverage Level |
1,177 |
1,157 |
1,861 |
|
|
|
|
Combined Leverage Level |
4,123 |
2,497 |
7,682 |
|
|
|
CASH FLOW STATEMENT
|
|
Rubrics |
2013 |
2012 |
PERIODS |
|
CASH FLOWS FROM OPERATIONAL ACTIVITIES |
|
|
|
|
Customers receipts |
30.651.651,08 |
33.993.539,85 |
(9,83)% |
|
Payments to suppliers |
20.201.735,18 |
19.767.307,18 |
2,20% |
|
Payments to employees |
1.480.218,09 |
1.252.819,03 |
18,15% |
|
Cash at bank generated from operations |
8.969.697,81 |
12.973.413,64 |
(30,86)% |
|
Payment/receipt of income tax |
(1.119.454,74) |
(897.547,00) |
(24,72)% |
|
Other receipts/payments |
(7.367.681,68) |
(6.682.920,15) |
(10,25)% |
|
Cash Flows from Operational Activities (A) |
482.561,39 |
5.392.946,49 |
(91,05)% |
|
CASH FLOWS' INVESTMENT ACTIVITIES |
|
|
|
|
Payments regarding: |
|
|
|
|
Fixed tangible assets |
150.336,75 |
70.353,50 |
113,69% |
|
Intangible assets |
- |
- |
- |
|
Financial investments |
- |
- |
- |
|
Other assets |
- |
5.000,00 |
- |
|
Receipts from: |
|
|
|
|
Fixed tangible assets |
- |
- |
- |
|
Intangible assets |
- |
- |
- |
|
Financial investments |
- |
- |
- |
|
Other assets |
- |
- |
- |
|
Investment subsidies |
- |
- |
- |
|
Interest and similar income |
- |
- |
- |
|
Dividends |
- |
- |
- |
|
Cash Flows' Investments Activities (B) |
(150.336,75) |
(75.353,50) |
(99,51)% |
|
CASH FLOWS' INVESTMENT ACTIVITIES |
|
|
|
|
Receipts from: |
|
|
|
|
Obtained financing |
7.648.520,00 |
9.539.118,44 |
(19,82)% |
|
Paying-up of capital and other equity instruments |
- |
- |
- |
|
Coverage of losses |
- |
- |
- |
|
Donations |
- |
- |
- |
|
Other financing operations |
475,43 |
3.712,08 |
(87,19)% |
|
Payments regarding: |
|
|
|
|
Obtained financing |
5.870.193,90 |
11.346.728,19 |
(48,27)% |
|
Interests and similar expenses |
238.093,06 |
376.068,40 |
(36,69)% |
|
Dividends |
- |
- |
- |
|
Capital's redution and other equity instruments |
- |
- |
- |
|
Other financing operations |
1.100.019,54 |
2.718.576,07 |
(59,54)% |
|
Cash Flows' Financing Activities © |
440.688,93 |
(4.898.542,14) |
109,00% |
|
Variation in cash at bank and its equivalents (A+B+C) |
772.913,57 |
419.050,85 |
84,44% |
|
Effect of exchange differences |
- |
- |
- |
|
Cash at bank and its equivalents at the start of period
|
1.794.832,72 |
1.375.781,87 |
30,46% |
|
Cash at bank and its equivalents at the end of period |
2.567.746,29 |
1.794.832,72 |
43,06% |
CASH FLOWS
|
|
|
Movimentos do Periodo de 2013 |
|||
|
Rubrics |
Initial balance |
Debits |
Credits |
Final balance |
|
PERIOD'S CARRYING AMOUNT AND MOVEMENTS |
|
|||
|
Cash in hand |
5.906,02 |
6.782,66 |
- |
12.688,68 |
|
Order deposits |
1.788.926,70 |
76.511.786,88 |
75.745.655,97 |
2.555.057,61 |
|
Other bank deposits |
- |
- |
- |
0,00 |
|
Total cash at bank and bank deposits |
1.794.832,72 |
76.518.569,54 |
75.745.655,97 |
2.567.746,29 |
|
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 |
832.506,00 |
- |
832.506,00 |
|
Other receivables |
- |
- |
0,00 |
|
Equity instruments and other securities |
- |
- |
0,00 |
|
Others |
- |
- |
0,00 |
|
TOTAL |
832.506,00 |
0,00 |
832.506,00 |
|
DEBTS REGISTERED AS DOUBTFUL |
|
Rubrics |
Value |
|
Regarding insolvency and company recovery procedures or enforcement procedures |
- |
|
Claimed in court |
- |
|
In arrears: |
832.505,94 |
|
Over six months and up to twelve months |
107.851,55 |
|
Over twelve months and up to eighteen months |
137.679,22 |
|
Over eighteen months and up to twenty four months |
397.833,28 |
|
Over twenty four months |
189.141,89 |
|
TOTAL |
832.505,94 |
|
EMPLOYEE BENEFITS, COMPANY EMPLOYEES AND PERSONNEL COSTS |
|
|
|
Rubrics |
Average number of employees |
Average number of hours worked |
|
Company employees, paid and unpaid |
117 |
234.520 |
|
Paid company employees |
117 |
234.520 |
|
Company UNPAID employees |
0 |
0 |
|
Company employees, by type of working hours |
|
|
|
Full time company employees |
106 |
220.480 |
|
Of which: Full time company employees |
106 |
220.480 |
|
Part time company employees |
11 |
14.040 |
|
Of which: Part time company employees |
11 |
14.040 |
|
Company employees, by gender: |
|
|
|
Men |
43 |
86.060 |
|
Women |
74 |
148.460 |
|
Company employees, of which: |
|
|
|
Company employees assigned to Research and Development |
0 |
- |
|
Service providers |
0 |
0 |
|
People placed through temporary employment agencies |
0 |
- |
|
Staff costs |
|
|
|
Rubrics |
Value |
|
Staff costs |
2.692.955,65 |
|
Governance Bodies Remuneration |
84.072,00 |
|
Of which: Profit-sharing |
- |
|
Employees remuneration |
1.780.380,26 |
|
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 |
400.466,04 |
|
Insurance for accidents at work and professional diseases |
11.497,77 |
|
Social security expenses |
- |
|
Other staff costs |
416.539,58 |
|
Of which: |
|
|
Expenditure on education |
- |
|
Expenditure on uniforms |
- |
|
INFORMATION BY GEOGRAPHIC MARKETS |
|
|
Geographic markets |
|||
|
Rubrics |
Internal |
EU |
Extra-EU |
Total |
|
Sales |
24.439.024,07 |
1.240.156,76 |
- |
25.679.180,83 |
|
Services provided |
- |
- |
- |
0,00 |
|
Purchases |
1.205.008,37 |
974.560,30 |
9.139.363,07 |
11.318.931,74 |
|
Supplies and external services |
4.154.824,81 |
348.083,35 |
1.176.184,97 |
5.679.093,13 |
|
Acquisition of fixed tangible assets |
202.343,94 |
- |
- |
202.343,94 |
|
Acquisition of investment properties |
- |
- |
- |
0,00 |
|
Acquisition of intangible assets |
- |
- |
- |
0,00 |
|
Supplementary income: |
21.895,35 |
0,00 |
695.184,08 |
717.079,43 |
|
Social services |
- |
- |
- |
0,00 |
|
Equipment rental |
- |
- |
- |
0,00 |
|
Studies, projects and technological assistance |
- |
- |
- |
0,00 |
|
Royalities |
- |
- |
695.177,72 |
695.177,72 |
|
Others |
21.895,35 |
- |
6,36 |
21.901,71 |
|
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 |
6.993.123,88 |
6.442.050,26 |
8,55% |
|
Trade notes receivable |
- |
- |
- |
|
Advances received from customers |
- |
- |
- |
|
Suppliers |
|
|
|
|
Trade accounts payable |
2.238.315,90 |
2.299.583,74 |
(2,66)% |
|
Trade notes payable |
- |
- |
- |
|
Trade accounts payable - unchecked invoices |
- |
- |
- |
|
Advances to suppliers |
- |
- |
- |
|
Staff |
|
|
|
|
Payable remunerations |
196.671,74 |
98,15 |
200.278,75% |
|
Advanced payments |
- |
600,00 |
- |
|
Bonds |
- |
- |
- |
|
Other operations |
- |
462,89 |
- |
|
State and other public sector institutions |
|
|
|
|
Income Tax |
120.137,71 |
- |
- |
|
Deductible IVA (debt cumulative amounts) |
- |
3.726.930,14 |
- |
|
Paid IVA (credit cumulative amounts) |
- |
10.412.471,94 |
- |
|
Shareholders / partners |
|
|
|
|
Shareholders with subscription |
- |
8.143.116,15 |
- |
|
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 |
7.284.134,43 |
8.143.116,15 |
(10,55)% |
|
Other receivable and payable accounts |
|
|
|
|
Investment providers - general accounts |
- |
9.028,91 |
- |
|
Trade accounts payable - unchecked invoices |
- |
- |
- |
|
Advanced payments to investment providers |
- |
- |
- |
|
additional income - Debtors |
596.952,70 |
458.179,03 |
30,29% |
|
additional expenses - Creditors |
363.359,06 |
2.973.659,10 |
(87,78)% |
|
Deferred tax assets |
63.998,15 |
319.003,85 |
(79,94)% |
|
Deferred tax liabilities |
139.115,95 |
278.232,27 |
(50,00)% |
|
Unreleased subscriptions - Creditors |
- |
- |
- |
|
Advances received on account of sales |
- |
- |
- |
|
Other debtors and creditors |
|
|
|
|
Other debtors |
2.345.040,39 |
2.019.151,14 |
16,14% |
|
Other creditors |
2.304.397,33 |
1.641.733,50 |
40,36% |
|
EXPENSE ACCOUNTS |
|
Rubrics |
2013 |
2012 |
PERIODS |
|
Supplies and external services |
5.679.093,13 |
5.423.963,58 |
4,70% |
|
Subcontracts |
- |
- |
- |
|
Specialized services |
1.633.765,53 |
2.158.576,35 |
(24,31)% |
|
Specialized works |
846.083,32 |
1.733.257,70 |
(51,19)% |
|
Of which: Payments to workers placed through agencies |
- |
- |
- |
|
Advertising and promotion |
721.759,00 |
371.924,57 |
94,06% |
|
Surveillance and security |
27.939,63 |
29.798,66 |
(6,24)% |
|
Fees |
11.033,23 |
6.414,87 |
71,99% |
|
Comissions |
- |
- |
- |
|
Maintenance and repairs |
26.950,35 |
17.180,55 |
56,87% |
|
Others |
- |
- |
- |
|
Materials |
223.667,85 |
272.059,07 |
(17,79)% |
|
Fast wear tools and utensils |
162.442,78 |
148.170,34 |
9,63% |
|
Books and technical documentation |
9.937,70 |
2.004,71 |
395,72% |
|
Office material |
15.750,83 |
6.471,18 |
143,40% |
|
Gift items |
1.486,58 |
60,00 |
2.377,63% |
|
Others |
34.049,96 |
115.352,84 |
(70,48)% |
|
Energy and fluids |
115.334,98 |
108.418,16 |
6,38% |
|
Electricity |
84.988,42 |
71.066,12 |
19,59% |
|
Fuels |
29.234,27 |
36.121,98 |
(19,07)% |
|
Water |
1.112,29 |
1.230,06 |
(9,57)% |
|
Others |
- |
- |
- |
|
Travel, lodging and transportation |
1.609.147,18 |
1.383.824,94 |
16,28% |
|
Travel and lodging |
736.954,55 |
501.230,89 |
47,03% |
|
Transport of personnel |
- |
- |
- |
|
Transport of goods |
872.192,63 |
478.444,31 |
82,30% |
|
Others |
- |
404.149,74 |
- |
|
Different services |
2.097.177,59 |
1.501.085,06 |
39,71% |
|
Rents and leases |
1.005.686,25 |
946.156,29 |
6,29% |
|
Of which: Rents from land |
- |
- |
- |
|
Communication |
315.865,37 |
340.425,42 |
(7,21)% |
|
Insurance |
25.022,28 |
27.558,61 |
(9,20)% |
|
Royalties |
- |
- |
- |
|
Litigation and Notaries |
1.550,88 |
5.133,02 |
(69,79)% |
|
Representation expenses |
69.132,36 |
106.411,43 |
(35,03)% |
|
Cleaning, hygiene and comfort |
23.947,76 |
15.063,25 |
58,98% |
|
Other services |
655.972,69 |
60.337,04 |
987,18% |
|
Deliberation of Approval of Accounts |
|
Were the financial year's accounts approved? |
|
|
YES |
|
|
Data da Aprovação: 29-05-2014 |
|
|
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 |
23.137.468,27 |
20.854.296,59 |
|
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) |
23.137.468,27 |
20.854.296,59 |
|
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: 506628752 |
|
|
Was the Legal certification of accounts issued? |
|
|
YES |
|
|
Without reservation and without emphasis |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.02 |
|
|
1 |
Rs.99.42 |
|
Euro |
1 |
Rs.77.84 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.