MIRA INFORM REPORT

 

 

Report No. :

318310

Report Date :

21.04.2015

 

IDENTIFICATION DETAILS

 

Name :

QUIMIALMEL-QUIMICOS E MINERAIS LDA

 

 

Registered Office :

Estrada Nacional nº 1/IC2 - Zona Industrial, Apartado 150

 

 

Country :

Portugal

 

 

Financials (as on) :

2013

 

 

Date of Incorporation :

15.04.1993

 

 

Com. Reg. No.:

502967137

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :
  • Wholesale trade of chemicals
  • Wholesale of scrap iron and scrap metal
  • Casting of light metals

 

 

No. of Employees :

30

 

 

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 – 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 joined the Economic and Monetary Union (EMU) in 1999 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 2014, as the government implemented spending cuts and tax increases to comply with conditions of an EU-IMF financial rescue package, signed in May 2011. A modest recovery began in 2013 and gathered steam in in 2014 due to strong export performance and a rebound in private consumption. Although austerity measures were instituted to reduce the large budget deficit, they contributed to record unemployment and a wave of emigration not seen since the 1960s. A continued reduction in private- and public-sector debt could weigh on consumption and investment in 2015, holding back a stronger recovery. The government of Pedro PASSOS COELHO has passed legislation aimed at reducing labor market rigidity, and, this, along sustained fiscal discipline, could make Portugal more attractive to foreign direct investment. The government reduced the budget deficit from 10.1% of GDP in 2009 to 4.8% in 2014, a figure that is significantly higher than the EU-IMF target of 4%. The government has pledged to lower the deficit to under 3% of GDP in 2015 in order to comply with euro-zone fiscal obligations. Legislative elections in 2015 could increase the risk of fiscal slippage and undermine investor confidence in Portugal’s economy, which has improved over the course of the EU-IMF program. The EU-IMF financing program expired in May 2014.

 

 

Source : CIA

company Identification

 

Name

QUIMIALMEL-QUIMICOS E MINERAIS LDA

V.A.T. Number / NIF

502967137

Address

Estrada Nacional nº 1/IC2 - Zona Industrial, Apartado 150

Postal Code

3850-200-ALBERGARIA-A-VELHA

Municipality

ALBERGARIA-A-VELHA

District

AVEIRO

Telephone

234529160

Fax

234529169

E-Mail

quimialmel@quimialmel.pt

Web Site

www.quimialmel.pt

CAE Main

46750- Wholesale trade of chemicals

CAE Secondary

46771- Wholesale of scrap iron and scrap metal

CAE Secondary

24530- Casting of light metals

 

 

Financial Highlights

 

2011

2012

2013

Net Sales

28.098.260,52

27.647.438,40

22.881.402,44

Net Income For the Year

289.814,04

(354.394,05)

(87.247,91)

Shareholders Funds

7.001.248,91

6.312.452,31

6.098.635,67

Stocks

4.426.996,30

3.016.755,18

4.230.941,10

LIABILITY

12.573.757,17

12.210.091,19

11.615.982,19

ASSETS

19.575.006,08

18.522.543,50

17.714.617,86

 

 

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

Private Limited Company

Constitution

15-04-1993

V.A.T. Number / NIF

502967137

Employees

30

Capital

1.000.000,00

Sales in : 31-12-2013

22.881.402,44

Shareholders Funds in: 31-12-2013

6.098.635,67

Payments

No Complaints 

Actual Condition

In activity

 

 

Management Bodies

 

FRANCISCO FULLERA ORTUNO

Managing-Partner

FERNANDO QUINTANA GASCO

Manager

 

 

Legal Structure

 

Registed on the Register Record Office of Albergaria-a-Velha with the Register Number 502967137 previous number 477 in 15-04-1993

Constitution celebrated in 15-04-1993 published on Diário da República number 126 of 31-05-1993

To oblige the company it is necessary 1 signatures

 

 

Changes to Society

 

In 07-11-2014 on Portal MJ of 07-11-2014 update of the Head Office Village

In 31-01-2014 on Portal MJ of 03-02-2014 business change

In 26-11-2013 on Portal MJ of 26-11-2013 head office change

In 20-09-2012 on Portal MJ of 21-09-2012 business change

In 28-05-2012 on Portal MJ of 06-06-2012 manager change

 

 

Capital

 

The Capital is 1.000.000,00

 

with the following distribution

 

QUIMIALMEL SA

750.000,00

75%

FRANCISCO FULLERA ORTUNO

250.000,00

25%

 

 

 

Biographies

 

Name

FRANCISCO FULLERA ORTUNO

Funtion

Managing-Partner

Address

São José, 2 - Castellon

Birth Date

1948

Naturality

Espanha

Civil State

Married

Consort

Maria Teresa Marco Sebastião

Name

FERNANDO QUINTANA GASCO

Funtion

Manager

Address

Calle Gobernador, 87-7º C - Castellon

 

 

Shareholders / Partners Companies

 

NAME

QUIMIALMEL SA

Funtion

Partner

Address

C/ San Roque, 15-17 - 12004 Castellon De La Plana

Telephone

0034964342626

Fax

0034964213697

 

 

Activities

 

Main CAE

46750- Wholesale trade of chemicals

46771- Wholesale of scrap iron and scrap metal

24530- Casting of light metals

 

Business Description

 

Trade, processing, import and export of chemical and mineral products in the production, casting, first processing and marketing of non-ferrous metals such as aluminum in transportation, separation , storage , recovery and sale of industrial and municipal waste and the design, development , implementation, management, coordination and supervision of projects and environmental infrastructure of any kind , and the related technologies , the company may also dedicate themselves to the manufacture of auxiliary chemicals for industrial purposes, as well as its marketing in any form permissible

 

Type of Clients

Industries/Private Companies

Sales Conditions

Cash/credit

 

 

Geographic Distribution of Sales

 

Internal Market

International Market

 

Year

EU

Extra-EU

Total

 

2013

15.044.345,42

65,75%

1.132.411,35

4,95%

6.704.645,67

29,30%

22.881.402,44

2012

15.555.405,64

56,26%

906.024,97

3,28%

11.186.007,79

40,46%

27.647.438,40

2011

20.355.498,37

72,44%

1.991.263,88

7,09%

5.751.498,27

20,47%

28.098.260,52

2010

27.056.589,36

79,87%

4.013.944,34

11,85%

2.804.156,70

8,28%

33.874.690,40

 

 

Geographic Distribution of Purchases

 

Internal Market

International Market

 

Year

EU

Extra-EU

Total

 

2013

10.903.308,59

50,81%

7.835.800,07

36,51%

2.721.221,48

12,68%

21.460.330,14

2012

12.247.357,24

52,68%

8.364.656,04

35,98%

2.637.870,56

11,35%

23.249.883,84

2011

8.856.111,87

35,13%

10.794.350,72

42,82%

5.561.118,56

22,06%

25.211.581,15

2010

12.104.449,28

41,50%

11.225.398,04

38,48%

5.840.756,78

20,02%

29.170.604,10

 

 

Trade Marks

 

Tronox

Asturiana de Zinc

Tata Chemicals

Elfusa

 

 

Banks and Financial Institutions

 

BANCO BILBAO VIZCAYA ARGENTARIA (PORTUGAL), SA

Aveiro

NOVO BANCO, SA

Albergaria-a-Velha

BANCO SANTANDER TOTTA SA

Águeda

MILLENNIUM BCP

Albergaria-a-Velha

 

 

Incidents

 

There are no of incidents on our database

 

 

Employees

 

 

Year

Total

Men

Women

2013

30

17

57%

13

43%

2012

28

17

61%

11

39%

2011

25

15

60%

10

40%

2010

24

15

63%

9

38%

 

 

Insurance

 

Companhia de Seguros Fidelidade Mundial

Mapfre Seguros Generales

 

 

Head Office and Installations

 

Head office and installations Estrada Nacional nº 1/IC2 - Zona Industrial, Apartado 150, 3850-200, ALBERGARIA-A-VELHA, Tel:234529160, Fax:234529169

Had head office Estrada Nacional 1 - Lugar do Pisão, Fracção E - Pavilhão 5, 3850-525, BRANCA ALB

 

 

Special Information

 

Event

General Description

Quality Certification

A QUIMIALMEL está certificada pela SGS ICS Serviços Internancionais de Certificação, segundo a norma NP EN ISO 9001:2000, no âmbito de Comercialização de Produtos Químicos, Minerais e Metais e Gestão de Resíduos Industriais

 

 

Financial Demonstration SNC

 

Balance Sheet SNC

CoinEUROS

Year:2013

 

2013

2012

2011

% Var.2013/12

ASSET

Non-current assets

Tangible fixed assets

6.874.355,18

7.224.328,11

7.409.360,22

(4,84)%

Investment properties

-

-

-

-

Goodwill

-

-

-

-

Intangible assets

58.083,13

62.540,33

78.277,97

(7,13)%

Biological assets

-

-

-

-

Financial participations - patrimonial equity method

-

51.166,34

146.166,34

-

Financial participations - other methods

-

-

-

-

Shareholders/partners

-

-

-

-

Other financial assets

10.000,00

10.000,00

-

-

Deferred tax assets

128.737,22

109.297,42

-

17,79%

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

-

-

-

-

Total

7.071.175,53

7.457.332,20

7.633.804,53

(5,18)%

Current assets

Inventories

4.230.941,10

3.016.755,18

4.426.996,30

40,25%

Biological assets

-

-

-

-

Costumers

5.463.334,04

6.275.467,92

6.086.676,68

(12,94)%

Advances to suppliers

-

-

120.215,70

-

State and other public entities

35.226,76

316.837,78

272.364,09

(88,88)%

Shareholders/partners

-

-

-

-

Other accounts receivable

699.024,41

388.779,84

315.248,79

79,80%

Deferrals

19.101,81

145.661,43

190.882,97

(86,89)%

Financial assets held for trading

-

-

-

-

Other financial assets

-

-

-

-

Non-current assets held for sale

-

-

-

-

Other current assets

-

-

-

-

Cashier and bank deposits

195.814,21

921.709,15

528.817,02

(78,76)%

Total

10.643.442,33

11.065.211,30

11.941.201,55

(3,81)%

TOTAL ASSET

17.714.617,86

18.522.543,50

19.575.006,08

(4,36)%

SHAREHOLDERS FUNDS AND LIABILITIES

SHAREHOLDERS FUNDS

Capital

1.000.000,00

1.000.000,00

1.000.000,00

-

Own shares

-

-

-

-

Other shareholders funds instruments

-

-

-

-

Emission premiuns

-

-

-

-

Legal reserves

260.071,81

260.071,81

260.071,81

-

Other reserves

4.481.555,71

4.481.555,71

4.481.555,71

-

Net retained

444.256,06

886.544,06

931.132,57

(49,89)%

Adjustments on financial assets

-

38.674,78

38.674,78

-

Revaluation surplus

-

-

-

-

Other shareholders funds changes

-

-

-

-

Total

6.185.883,58

6.666.846,36

6.711.434,87

(7,21)%

Net income for the period

(87.247,91)

(354.394,05)

289.814,04

(75,38)%

Antecipated dividends

-

-

-

-

TOTAL OF SHAREHOLDERS FUNDS

6.098.635,67

6.312.452,31

7.001.248,91

(3,39)%

LIABILITY

Non-current liiabilities

Provisions

-

-

-

-

Financing obtained

2.391.712,24

3.429.390,58

2.105.056,45

(30,26)%

Responsability for post-employment beneficts

-

-

-

-

Diferred taxes liabilities

-

-

-

-

Other payable accounts

-

-

-

-

Total

2.391.712,24

3.429.390,58

2.105.056,45

(30,26)%

Current liabilities

Suppliers

3.196.595,08

2.070.839,54

2.580.000,87

54,36%

Advances from costumers

-

-

-

-

State and other public entities

343.922,15

162.045,16

218.784,56

112,24%

Shareholders/partners

-

-

-

-

Financing obtained

5.512.708,42

6.389.624,51

7.527.348,32

(13,72)%

Other payable accounts

171.044,30

158.191,40

719,23

8,12%

Deferrals

-

-

141.847,74

-

Financial liabilities held for trading

-

-

-

-

Other financial liabilities

-

-

-

-

Non-current liabilities held for sale

-

-

-

-

Other current liabilities

-

-

-

-

Total

9.224.269,95

8.780.700,61

10.468.700,72

5,05%

TOTAL LIABILITIES

11.615.982,19

12.210.091,19

12.573.757,17

(4,87)%

TOTAL SHAREHOLDERS FUNDS AND LIABILITIES

17.714.617,86

18.522.543,50

19.575.006,08

(4,36)%

INCOME STATEMENT

INCOME AND EXPENSES

Sales and services

22.881.402,44

27.647.438,40

28.098.260,52

(17,24)%

Operating government grants

-

-

-

-

Gains/losses allocated subsidiaries, associates and joint ventures

-

-

-

-

Variation in production inventories

26.846,55

24,55

-

109.254,58%

Work for the entity itself

-

-

-

-

Cost of goods sold and materials consumed

20.272.990,77

24.660.149,10

24.619.499,01

(17,79)%

Suppliers and external services

1.008.304,13

1.459.303,13

1.065.790,98

(30,91)%

Personnel costs

798.801,23

780.574,12

971.957,81

2,34%

Impairment of inventories (losses/revearsals)

-

-

-

-

Impairment of receivables (losses/revearsals)

-

55.387,32

130.912,76

-

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

114.560,49

34.829,16

220.759,91

228,92%

Other expenses and losses

154.929,18

168.049,19

303.586,73

(7,81)%

Result before depreciation, financing costs and taxes

787.784,17

558.829,25

1.227.273,14

40,97%

Expenses/reversals of depreciation and amortization

398.186,95

423.893,13

405.783,26

(6,06)%

Impairment of investments depreciable/amortizable (losses/reversals)

-

-

-

-

Operating result (before financing costs and taxes)

389.597,22

134.936,12

821.489,88

188,73%

Interest and similar income obtained

-

-

488,90

-

interest and similar expenses incurred

481.835,16

585.299,79

412.164,74

(17,68)%

Net before taxes

(92.237,94)

(450.363,67)

409.814,04

(79,52)%

Income tax of the period

(4.990,03)

(95.969,62)

120.000,00

(94,80)%

Net profit for the period

(87.247,91)

(354.394,05)

289.814,04

(75,38)%

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

(0,014)

(0,056)

0,041

Assets Profitability

0,022

0,007

0,042

Sales Net Profitability

(0,004)

(0,013)

0,01

EFFICIENCY RATIOS

Medium Term Receivable

87,15

82,848

79,067

Asset Rotation

1,292

1,493

1,435

PRODUCTIVITY RATIOS

Productivity

3,265

3,827

3,579

SHORT TERM RATIOS

General Liquidity

1,154

1,26

1,141

Reduced Liquidity

0,695

0,917

0,718

Immediate Liquidity

0,021

0,105

0,051

MEDIUM LONG TERM RATIOS

Financial Autonomy

0,344

0,341

0,358

Solvability

0,525

0,517

0,557

Borrowed Capital Structure

0,794

0,719

0,833

General Debt

1,296

1,555

1,376

Medium Long Term Debt

0,392

0,543

0,301

Debt Structure

0,794

0,719

0,833

Capital Structure

2,55

1,841

3,326

Operational and Financial Risk

Operational Leverage Level

6,695

22,139

4,235

Financial Leverage Level

(4,224)

(0,3)

2,005

Combined Leverage Level

(28,28)

(6,642)

8,491

 

 

CASH FLOW STATEMENT

 

Rubrics

2013

2012

PERIODS

 

CASH FLOWS FROM OPERATIONAL ACTIVITIES

Customers receipts

26.142.137,97

34.922.661,91

(25,14)%

Payments to suppliers

22.320.257,63

27.503.739,97

(18,85)%

Payments to employees

773.493,03

544.744,19

41,99%

Cash at bank generated from operations

3.048.387,31

6.874.177,75

(55,65)%

Payment/receipt of income tax

56.866,37

(75.695,03)

175,13%

Other receipts/payments

(1.396.044,98)

-

-

Cash Flows from Operational Activities (A)

1.709.208,70

6.798.482,72

(74,86)%

CASH FLOWS' INVESTMENT ACTIVITIES

Payments regarding:

Fixed tangible assets

41.881,33

375.638,74

(88,85)%

Intangible assets

10.427,83

-

-

Financial investments

-

-

-

Other assets

-

-

-

Receipts from:

Fixed tangible assets

-

-

-

Intangible assets

-

-

-

Financial investments

39.763,78

-

-

Other assets

-

-

-

Investment subsidies

-

-

-

Interest and similar income

59.915,18

10.813,98

454,05%

Dividends

-

-

-

Cash Flows' Investments Activities (B)

47.369,80

(364.824,76)

112,98%

CASH FLOWS' INVESTMENT ACTIVITIES

Receipts from:

Obtained financing

12.822.750,58

9.305.558,39

37,80%

Paying-up of capital and other equity instruments

-

-

-

Coverage of losses

-

-

-

Donations

-

-

-

Other financing operations

-

-

-

Payments regarding:

Obtained financing

14.584.942,44

14.671.063,06

(0,59)%

Interests and similar expenses

567.879,02

675.261,16

(15,90)%

Dividends

-

-

-

Capital's redution and other equity instruments

-

-

-

Other financing operations

-

-

-

Cash Flows' Financing Activities ©

(2.330.070,88)

(6.040.765,83)

61,43%

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

(573.492,38)

392.892,13

(245,97)%

Effect of exchange differences

-

-

-

Cash at bank and its equivalents at the start of period

769.306,59

528.817,02

45,48%

Cash at bank and its equivalents at the end of period

195.814,21

921.709,15

(78,76)%

 

 

CASH FLOWS

 

Movimentos do Periodo de 2013

Rubrics

Initial balance

Debits

Credits

Final balance

PERIOD'S CARRYING AMOUNT AND MOVEMENTS

 

 

 

 

Cash in hand

22.297,87

11.086,79

7.962,79

25.421,87

Order deposits

747.008,72

63.811.850,70

64.388.467,08

170.392,34

Other bank deposits

-

-

-

0,00

Total cash at bank and bank deposits

769.306,59

63.822.937,49

64.396.429,87

195.814,21

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

 

Movimentos do Periodo de 2013

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

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

30

58.080

Paid company employees

30

58.080

Company UNPAID employees

0

0

Company employees, by type of working hours

Full time company employees

30

58.080

Of which: Full time company employees

30

58.080

Part time company employees

0

0

Of which: Part time company employees

0

0

Company employees, by gender:

Men

17

33.198

Women

13

24.882

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

798.801,23

Governance Bodies Remuneration

-

Of which: Profit-sharing

-

Employees remuneration

625.098,66

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

136.695,39

Insurance for accidents at work and professional diseases

16.063,62

Social security expenses

-

Other staff costs

20.943,56

Of which:

Expenditure on education

3.004,38

Expenditure on uniforms

3.358,00

 

 

INFORMATION BY GEOGRAPHIC MARKETS

 

Geographic markets

Rubrics

Internal

EU

Extra-EU

Total

Sales

14.955.929,06

1.132.326,79

6.703.918,26

22.792.174,11

Services provided

88.416,36

84,56

727,41

89.228,33

Purchases

10.903.308,59

7.835.800,07

2.721.221,48

21.460.330,14

Supplies and external services

951.316,62

6.941,67

50.045,84

1.008.304,13

Acquisition of fixed tangible assets

34.470,74

997,00

-

35.467,74

Acquisition of investment properties

-

-

-

0,00

Acquisition of intangible assets

8.477,91

-

-

8.477,91

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

5.907.433,07

6.244.775,90

(5,40)%

Trade notes receivable

26.797,00

30.692,02

(12,69)%

Advances received from customers

-

-

-

Suppliers

Trade accounts payable

3.195.233,55

2.067.922,01

54,51%

Trade notes payable

-

-

-

Trade accounts payable - unchecked invoices

1.361,53

2.917,53

(53,33)%

Advances to suppliers

-

0,00

-

Staff

Payable remunerations

0,00

6.372,10

(100,00)%

Advanced payments

55.826,62

79.642,53

(29,90)%

Bonds

-

-

-

Other operations

11.615,75

11.154,28

4,14%

State and other public sector institutions

Income Tax

14.349,39

57.205,38

(74,92)%

Deductible IVA (debt cumulative amounts)

4.146.677,98

4.722.470,12

(12,19)%

Paid IVA (credit cumulative amounts)

5.671.745,63

6.422.673,51

(11,69)%

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

-

1.717,41

-

Trade accounts payable - unchecked invoices

-

-

-

Advanced payments to investment providers

-

-

-

additional income - Debtors

-

-

-

additional expenses - Creditors

171.044,30

56.374,95

203,40%

Deferred tax assets

128.737,22

109.297,42

17,79%

Deferred tax liabilities

-

-

-

Unreleased subscriptions - Creditors

-

-

-

Advances received on account of sales

-

-

-

Other debtors and creditors

Other debtors

614.006,24

241.610,85

154,13%

Other creditors

0,00

-

-

 

 

EXPENSE ACCOUNTS

 

Rubrics

2013

2012

PERIODS

 

Supplies and external services

1.008.304,13

1.459.303,13

(30,91)%

Subcontracts

-

-

-

Specialized services

255.144,52

281.514,67

(9,37)%

Specialized works

50.158,96

57.574,92

(12,88)%

Of which: Payments to workers placed through agencies

-

-

-

Advertising and promotion

-

-

-

Surveillance and security

1.635,24

1.731,64

(5,57)%

Fees

55.058,35

68.705,96

(19,86)%

Comissions

87.521,73

79.062,36

10,70%

Maintenance and repairs

60.770,24

74.439,79

(18,36)%

Others

-

-

-

Materials

12.006,65

14.047,21

(14,53)%

Fast wear tools and utensils

1.534,59

1.910,40

(19,67)%

Books and technical documentation

3.851,69

2.682,04

43,61%

Office material

5.563,67

8.840,19

(37,06)%

Gift items

567,92

364,34

55,88%

Others

488,78

250,24

95,32%

Energy and fluids

121.482,49

128.794,70

(5,68)%

Electricity

28.163,19

31.948,09

(11,85)%

Fuels

90.815,76

94.496,42

(3,90)%

Water

1.284,26

1.849,10

(30,55)%

Others

1.219,28

501,09

143,33%

Travel, lodging and transportation

418.768,71

742.952,92

(43,63)%

Travel and lodging

115.228,33

61.394,51

87,69%

Transport of personnel

-

-

-

Transport of goods

292.757,95

679.139,53

(56,89)%

Others

10.782,43

2.418,88

345,76%

Different services

200.901,76

291.993,63

(31,20)%

Rents and leases

4.195,39

3.898,51

7,62%

Of which: Rents from land

-

-

-

Communication

55.952,23

47.198,05

18,55%

Insurance

71.233,52

146.556,38

(51,40)%

Royalties

-

-

-

Litigation and Notaries

2.700,54

2.286,36

18,12%

Representation expenses

6.274,42

5.739,11

9,33%

Cleaning, hygiene and comfort

4.407,04

6.919,05

(36,31)%

Other services

56.138,62

79.396,17

(29,29)%

 

 

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 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

357.008,15

532.150,01

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)

357.008,15

532.150,01

 

 

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?

YES

Identificação do ROC: 503117625

Was the Legal certification of accounts issued?

YES

Without reservation

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.37

UK Pound

1

Rs.93.10

Euro

1

Rs.67.13

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

Report Prepared by :

VNT

 

               

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.