MIRA INFORM REPORT

 

 

Report No. :

315831

Report Date :

06.04.2015

 

IDENTIFICATION DETAILS

 

Name :

FRANCISCO F. SOARES UNIPESSOAL LDA

 

 

Registered Office :

Avenida D. João II, nº 32, 2º direito, Nogueiró, 4715-304-BRAGA, BRAGA

 

 

Country :

Portugal

 

 

Financials (as on) :

2013

 

 

Date of Incorporation :

10.05.2002

 

 

Legal Form :

One Man Company

 

 

Line of Business :

Wholesaler of natural fibers, artificial and synthetic

 

 

No. of Employee :

2

 

 

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 – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

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

FRANCISCO F. SOARES UNIPESSOAL LDA

V.A.T. Number / NIF

506135624

Address

Avenida D. João II, nº 32, 2º direito, Nogueiró

Postal Code

4715-304-BRAGA

Municipality

BRAGA

District

BRAGA

Telephone

253627717, 968932173

Fax

253627717

E-Mail

jeremias@ffstextil.com

CAE Main

46761- Wholesale of natural fibers, artificial and synthetic

 

 

Financial Highlights

 

2011

2012

2013

Net Sales

1.272.468,58

855.408,29

1.055.465,23

Net Income For the Year

31.150,02

8.908,32

(32.296,50)

Shareholders Funds

98.938,45

107.846,77

145.550,27

Stocks

64.589,85

98.458,85

100.357,89

LIABILITY

480.079,03

537.950,51

613.707,99

ASSETS

579.017,48

645.797,28

759.258,26

 

 

Summary

 

Legal Form

One Man Company

Constitution

10-05-2002

V.A.T. Number / NIF

506135624

Employees

2

Capital

5.000,00

Sales in : 31-12-2013

1.055.465,23

Shareholders Funds in: 31-12-2013

145.550,27

Credit Risk Level

Acceptable Credit Risk

Actual Condition

In activity

 

 

Management Bodies

 

JEREMIAS MACHADO SOARES

Manager

 

 

 

Legal Structure

 

Registed on the Register Record Office of Braga with the Register Number 506135624 previous number 8429 in 10-05-2002

Constitution celebrated in 10-05-2002 published on Diário da República number 252 of 31-10-2002

To oblige the company it is necessary 1 signatures

 

Changes to Society

 

In 21-01-2014 on Portal MJ of 21-01-2014 update of the Head Office Village

In 13-02-2009 on Portal MJ of 13-02-2009 manager change

 

 

Capital

 

The Capital is 5.000,00

 

with the following distribution

 

FRANCISCO DE FREITAS SOARES

5.000,00

100%

 

Biographies

 

Name

FRANCISCO DE FREITAS SOARES

Funtion

Partner

Address

Avenida D. João II, 32 - 2º Dto.

Locality

4710 BRAGA

Birth Date

16/12/1966

Civil State

Married

Consort

Eduarda Manuela Pinheiro Machado

Previous Connections

Foi empresário em nome individual

Professional Connections

The subject has connections with the following company (ies)

MARGEMPRODIGA-INDUSTRIA DE PEUGAS LDA as Managing-Partner with a participation of 2.550,00 , in a capital of 5.000,00 .

Name

JEREMIAS MACHADO SOARES

Funtion

Manager

Address

Rua dos Emigrantes, nº 130, Adaúfe

Locality

4700 BRAGA

Previous Connections

Exerceu a sua actividade como empresario em nome individual

 

 

Activities

 

Main CAE

46761- Wholesale of natural fibers, artificial and synthetic

 

Business Description

Indústria e comércio de fios para indústria têxtil, de artigos de vestuário e de artigos têxteis lar. Importação e exportação dos referidos artigos.

 

Geographic Distribution of Sales

 

Internal Market

International Market

 

Year

EU

Extra-EU

Total

 

2013

1.040.344,93

98,57%

15.120,30

1,43%

0,00

0,00%

1.055.465,23

2012

784.919,66

91,76%

70.488,63

8,24%

0,00

0,00%

855.408,29

 

Geographic Distribution of Purchases

 

Internal Market

International Market

 

Year

EU

Extra-EU

Total

 

2013

950.239,15

100,00%

-

-

-

-

950.239,15

2012

452.231,47

57,36%

59.336,74

7,53%

276.856,88

35,12%

788.425,09

2012

-

-

-

-

-

-

0,00

2011

297.526,66

26,24%

108.483,53

9,57%

727.838,60

64,19%

1.133.848,79

2010

81.337,45

10,13%

252.855,38

31,49%

468.810,56

58,38%

803.003,39

 

Banks and Financial Institutions

 

NOVO BANCO, SA

Braga

 

Incidents

 

There are no of incidents on our database

 

 

Employees

 

Year

Total

Men

Women

 

2013

2

1

50%

1

50%

2011

2

1

50%

1

50%

2010

2

1

50%

1

50%

 

Head Office and Installations

 

Has head office Avenida D. João II, nº 32, 2º dtº, Nogueiró , 4715-304, BRAGA

Installations Parque Industrial Adaúfe Lote G-4-A, 4710-571, ADAUFE BRG, Tel:253627717, Fax:253627717

 

 

Financial Demonstration SNC

Balance Sheet SNC

CoinEUROS

Year:2013

 

2013

2012

2011

% Var.2013/12

 

ASSET

Non-current assets

Tangible fixed assets

446,40

1.507,17

5.016,60

(70,38)%

Investment properties

-

-

-

-

Goodwill

-

-

-

-

Intangible assets

-

-

-

-

Biological assets

-

-

-

-

Financial participations - patrimonial equity method

-

-

-

-

Financial participations - other methods

-

-

-

-

Shareholders/partners

-

-

-

-

Other financial assets

-

-

-

-

Deferred tax assets

-

-

-

-

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

-

-

-

-

Total

446,40

1.507,17

5.016,60

(70,38)%

Current assets

Inventories

100.357,89

98.458,85

64.589,85

1,93%

Biological assets

-

-

-

-

Costumers

396.021,47

366.561,91

492.127,79

8,04%

Advances to suppliers

-

-

-

-

State and other public entities

23.605,97

6.740,43

566,86

250,21%

Shareholders/partners

-

-

-

-

Other accounts receivable

-

-

262,63

-

Deferrals

174,83

-

926,91

-

Financial assets held for trading

-

-

-

-

Other financial assets

-

-

-

-

Non-current assets held for sale

-

-

-

-

Other current assets

155.348,41

160.879,12

-

(3,44)%

Cashier and bank deposits

83.303,29

11.649,80

15.526,84

615,06%

Total

758.811,86

644.290,11

574.000,88

17,77%

TOTAL ASSET

759.258,26

645.797,28

579.017,48

17,57%

SHAREHOLDERS FUNDS AND LIABILITIES

SHAREHOLDERS FUNDS

Capital

5.000,00

5.000,00

5.000,00

-

Own shares

-

-

-

-

Other shareholders funds instruments

120.904,11

50.904,11

50.904,11

137,51%

Emission premiuns

-

-

-

-

Legal reserves

2.151,72

2.151,72

594,21

-

Other reserves

8.908,32

-

-

-

Net retained

40.882,62

40.882,62

11.290,11

-

Adjustments on financial assets

-

-

-

-

Revaluation surplus

-

-

-

-

Other shareholders funds changes

-

-

-

-

Total

177.846,77

98.938,45

67.788,43

79,75%

Net income for the period

(32.296,50)

8.908,32

31.150,02

(462,54)%

Antecipated dividends

-

-

-

-

TOTAL OF SHAREHOLDERS FUNDS

145.550,27

107.846,77

98.938,45

34,96%

LIABILITY

Non-current liiabilities

Provisions

-

-

-

-

Financing obtained

207.181,95

176.363,52

80.694,11

17,47%

Responsability for post-employment beneficts

-

-

-

-

Diferred taxes liabilities

-

-

-

-

Other payable accounts

24.875,31

-

-

-

Total

232.057,26

176.363,52

80.694,11

31,58%

Current liabilities

Suppliers

341.764,20

301.887,48

231.511,41

13,21%

Advances from costumers

-

-

-

-

State and other public entities

6.577,46

8.725,46

51.221,31

(24,62)%

Shareholders/partners

-

-

-

-

Financing obtained

-

-

-

-

Other payable accounts

-

-

23.371,13

-

Deferrals

-

-

-

-

Financial liabilities held for trading

-

-

-

-

Other financial liabilities

-

-

93.281,07

-

Non-current liabilities held for sale

-

-

-

-

Other current liabilities

33.309,07

50.974,05

-

(34,65)%

Total

381.650,73

361.586,99

399.384,92

5,55%

TOTAL LIABILITIES

613.707,99

537.950,51

480.079,03

14,08%

TOTAL SHAREHOLDERS FUNDS AND LIABILITIES

759.258,26

645.797,28

579.017,48

17,57%

INCOME STATEMENT

INCOME AND EXPENSES

Sales and services

1.055.465,23

855.408,29

1.272.468,58

23,39%

Operating government grants

-

-

-

-

Gains/losses allocated subsidiaries, associates and joint ventures

-

-

-

-

Variation in production inventories

-

-

-

-

Work for the entity itself

-

-

-

-

Cost of goods sold and materials consumed

948.340,11

755.786,17

1.173.848,94

25,48%

Suppliers and external services

31.608,43

26.036,16

31.488,97

21,40%

Personnel costs

33.120,04

22.617,10

18.048,51

46,44%

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)

-

30.403,46

-

-

Increases/decreases in fair value

-

-

-

-

Other income and gains

26,75

6.900,03

14.516,27

(99,61)%

Other expenses and losses

48.631,64

10.361,92

6.106,15

369,33%

Result before depreciation, financing costs and taxes

(6.208,24)

17.103,51

57.492,28

(136,30)%

Expenses/reversals of depreciation and amortization

223,16

3.509,43

3.867,17

(93,64)%

Impairment of investments depreciable/amortizable (losses/reversals)

-

-

-

-

Operating result (before financing costs and taxes)

(6.431,40)

13.594,08

53.625,11

(147,31)%

Interest and similar income obtained

-

-

7.345,73

-

interest and similar expenses incurred

25.087,22

-

17.344,82

-

Net before taxes

(31.518,62)

13.594,08

43.626,02

(331,86)%

Income tax of the period

777,88

4.685,76

12.476,00

(83,40)%

Net profit for the period

(32.296,50)

8.908,32

31.150,02

(462,54)%

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

-

-

-

-

 

 

RATIOS SNC

 

Closing Date

2013

2012

2011

 

 

TURNOVER RATIOS

Shareholder's Funds Profitability

(0,222)

0,083

0,315

Assets Profitability

(0,008)

0,021

0,093

Sales Net Profitability

(0,031)

0,01

0,024

EFFICIENCY RATIOS

Medium Term Receivable

136,952

156,411

141,164

Asset Rotation

1,39

1,325

2,198

PRODUCTIVITY RATIOS

Productivity

3,234

4,405

5,464

SHORT TERM RATIOS

General Liquidity

1,988

1,782

1,437

Reduced Liquidity

1,725

1,51

1,275

Immediate Liquidity

0,218

0,032

0,039

MEDIUM LONG TERM RATIOS

Financial Autonomy

0,192

0,167

0,171

Solvability

0,237

0,2

0,206

Borrowed Capital Structure

0,622

0,672

0,832

General Debt

1,423

1,635

0,816

Medium Long Term Debt

1,423

1,635

0,816

Debt Structure

0,622

0,672

0,832

Capital Structure

0,627

0,612

1,226

Operational and Financial Risk

Operational Leverage Level

(16,657)

7,328

1,839

Financial Leverage Level

0,204

1

1,229

Combined Leverage Level

(3,398)

7,328

2,26

 

 

CASH FLOW STATEMENT

 

Rubrics

2013

2012

PERIODS

 

CASH FLOWS FROM OPERATIONAL ACTIVITIES

Customers receipts

-

-

-

Payments to suppliers

-

-

-

Payments to employees

-

-

-

Cash at bank generated from operations

-

-

-

Payment/receipt of income tax

-

-

-

Other receipts/payments

-

-

-

Cash Flows from Operational Activities (A)

-

-

-

CASH FLOWS' INVESTMENT ACTIVITIES

Payments regarding:

Fixed tangible assets

-

-

-

Intangible assets

-

-

-

Financial investments

-

-

-

Other assets

-

-

-

Receipts from:

Fixed tangible assets

-

-

-

Intangible assets

-

-

-

Financial investments

-

-

-

Other assets

-

-

-

Investment subsidies

-

-

-

Interest and similar income

-

-

-

Dividends

-

-

-

Cash Flows' Investments Activities (B)

-

-

-

CASH FLOWS' INVESTMENT ACTIVITIES

Receipts from:

Obtained financing

-

-

-

Paying-up of capital and other equity instruments

-

-

-

Coverage of losses

-

-

-

Donations

-

-

-

Other financing operations

-

-

-

Payments regarding:

Obtained financing

-

-

-

Interests and similar expenses

-

-

-

Dividends

-

-

-

Capital's redution and other equity instruments

-

-

-

Other financing operations

-

-

-

Cash Flows' Financing Activities ©

-

-

-

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

-

-

-

Effect of exchange differences

-

-

-

Cash at bank and its equivalents at the start of period

-

-

-

Cash at bank and its equivalents at the end of period

-

-

-

 

 

CASH FLOWS

 

Movimentos do Periodo de 2013

Rubrics

Initial balance

Debits

Credits

Final balance

 

PERIOD'S CARRYING AMOUNT AND MOVEMENTS

 

Cash in hand

-

-

-

0,00

Order deposits

-

-

-

0,00

Other bank deposits

-

-

-

0,00

Total cash at bank and bank deposits

0,00

0,00

0,00

0,00

Of which: Bank deposits abroad

-

-

-

0,00

 

Rubrics

Value

 

OTHER INFORMATION

 

Receipts from:

 

Non-life insurance claims

-

Operating subsidies

-

Cash at bank and its equivalents not available for use

-

 

ASSETS IMPAIRMENT

 

Movimentos do Periodo de 2013

Impairment losses

Impairment losses reversals

Rubrics

Recognized in profit and loss

On revalued assets recognized in equity

Total

Recognized in profit and loss

Recognized in Equity

Total

 

Individual assets

 

Fixed tangible assets

0,00

-

-

0,00

-

-

Goodwill

0,00

0,00

-

-

0,00

0,00

Intangible assets

0,00

-

-

0,00

-

-

Investment properties (cost model)

0,00

0,00

-

0,00

0,00

-

Investments in progress

0,00

0,00

-

0,00

0,00

-

Financial investments

0,00

0,00

-

0,00

0,00

-

TOTAL

of which: cash-generating units

0,00

0,00

-

0,00

0,00

-

 

 

GOVERNMENT GRANTS AND GOVERNMENT ASSISTANCE

 

Grants from State and other public bodies

Grants from other entities

Rubrics

Value assigned in the period or in previous periods

Value attributed to the period

Value assigned in the period or in previous periods

Value attributed to the period

 

Grants related to assets/investment:

0,00

0,00

0,00

0,00

Fixed tangible assets

0,00

0,00

0,00

0,00

Land and Natural Resources

-

-

-

-

Buildings and other structures

-

-

-

-

Basic equipment

-

-

-

-

Transport equipment

-

-

-

-

Office equipment

-

-

-

-

Biological equipment

-

-

-

-

Others

-

-

-

-

Intangible assets

0,00

0,00

0,00

0,00

Development projects

-

-

-

-

Computer programmes

-

-

-

-

Industrial property

-

-

-

-

Others

-

-

-

-

Other assets

-

-

-

-

Grants related to income / operating

-

-

-

-

Value of repayments in the period:

0,00

0,00

0,00

0,00

Grants related to assets/investment

-

-

-

-

Grants related to income / operating

-

-

-

-

TOTAL

0,00

0,00

0,00

0,00

 

IMPAIRMENT LOSSES IN FINANCIAL ASSETS AT COST OR AT AMORTIZED COST

 

Movimentos do Periodo de 2013

Rubrics

Impairment losses

Impairment losses reversals

Total

 

Receivable debts from customers

-

-

0,00

Other receivables

-

-

0,00

Equity instruments and other securities

-

-

0,00

Others

-

-

0,00

TOTAL

0,00

0,00

0,00

 

DEBTS REGISTERED AS DOUBTFUL

 

Rubrics

Value

 

Regarding insolvency and company recovery procedures or enforcement procedures

-

Claimed in court

-

In arrears:

0,00

Over six months and up to twelve months

-

Over twelve months and up to eighteen months

-

Over eighteen months and up to twenty four months

-

Over twenty four months

-

TOTAL

0,00

 

EMPLOYEE BENEFITS, COMPANY EMPLOYEES AND PERSONNEL COSTS

 

Rubrics

Average number of employees

Average number of hours worked

 

Company employees, paid and unpaid

2

4.592

Paid company employees

2

4.592

Company UNPAID employees

0

0

Company employees, by type of working hours

Full time company employees

2

4.592

Of which: Full time company employees

2

4.592

Part time company employees

0

-

Of which: Part time company employees

0

-

Company employees, by gender:

Men

1

2.568

Women

1

2.024

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

33.120,04

Governance Bodies Remuneration

10.012,00

Of which: Profit-sharing

0,00

Employees remuneration

17.024,64

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

5.894,02

Insurance for accidents at work and professional diseases

189,38

Social security expenses

-

Other staff costs

-

Of which:

Expenditure on education

-

Expenditure on uniforms

-

 

INFORMATION BY GEOGRAPHIC MARKETS

 

Geographic markets

Rubrics

Internal

EU

Extra-EU

Total

 

Sales

1.036.540,25

15.120,30

-

1.051.660,55

Services provided

3.804,68

-

-

3.804,68

Purchases

950.239,15

-

-

950.239,15

Supplies and external services

31.608,43

-

-

31.608,43

Acquisition of fixed tangible assets

669,56

-

-

669,56

Acquisition of investment properties

-

-

-

0,00

Acquisition of intangible assets

-

-

-

0,00

Supplementary income:

0,00

0,00

0,00

0,00

Social services

-

-

-

0,00

Equipment rental

-

-

-

0,00

Studies, projects and technological assistance

-

-

-

0,00

Royalities

-

-

-

0,00

Others

-

-

-

0,00

Memorandum: Sales and services provided (undiscounted values)

-

-

-

0,00

Memorandum: Purchases and supplies and external services (undiscounted values)

-

-

-

0,00

 

 

RECEIVABLE AND PAYABLE ACCOUNTS

 

Rubrics

2013

2012

PERIODS

 

Customers

 

Trade accounts receivable

396.021,47

-

-

Trade notes receivable

-

-

-

Advances received from customers

-

-

-

Suppliers

Trade accounts payable

341.764,20

-

-

Trade notes payable

-

-

-

Trade accounts payable - unchecked invoices

-

-

-

Advances to suppliers

-

-

-

Staff

Payable remunerations

25.175,78

-

-

Advanced payments

-

-

-

Bonds

-

-

-

Other operations

-

-

-

State and other public sector institutions

Income Tax

5.168,07

-

-

Deductible IVA (debt cumulative amounts)

224.374,81

-

-

Paid IVA (credit cumulative amounts)

300.204,80

-

-

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

152.165,89

-

-

Other creditors

24.875,31

-

-

 

 

EXPENSE ACCOUNTS

 

Rubrics

2013

2012

PERIODS

 

Supplies and external services

31.608,43

-

-

Subcontracts

2.287,04

-

-

Specialized services

5.862,93

-

-

Specialized works

345,18

-

-

Of which: Payments to workers placed through agencies

-

-

-

Advertising and promotion

-

-

-

Surveillance and security

-

-

-

Fees

2.500,00

-

-

Comissions

-

-

-

Maintenance and repairs

2.973,35

-

-

Others

44,40

-

-

Materials

939,99

-

-

Fast wear tools and utensils

85,27

-

-

Books and technical documentation

-

-

-

Office material

499,62

-

-

Gift items

345,57

-

-

Others

9,53

-

-

Energy and fluids

7.840,39

-

-

Electricity

-

-

-

Fuels

7.796,65

-

-

Water

-

-

-

Others

43,74

-

-

Travel, lodging and transportation

5.576,80

-

-

Travel and lodging

4.548,92

-

-

Transport of personnel

-

-

-

Transport of goods

707,72

-

-

Others

320,16

-

-

Different services

9.101,28

-

-

Rents and leases

5.318,43

-

-

Of which: Rents from land

-

-

-

Communication

1.593,87

-

-

Insurance

1.511,28

-

-

Royalties

-

-

-

Litigation and Notaries

200,00

-

-

Representation expenses

477,70

-

-

Cleaning, hygiene and comfort

-

-

-

Other services

-

-

-

 

Deliberation of Approval of Accounts

 

Were the financial year's accounts approved?

YES

Data da Aprovação: 31-03-2014

By (Unanimity/Majority):

Unanimity

Percentage of issued votes related to the share capital subscribed with voting right

100

The accounts were approved:

In universal meeting

Through deliberation by writing vote

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

8.586,12

-

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)

8.586,12

0,00

 

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?

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.59

UK Pound

1

Rs.92.46

Euro

1

Rs.67.51

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

ASH

 

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.