MIRA INFORM REPORT
|
Report No. : |
337935 |
|
Report Date : |
28.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
ATLANTIC MEALS-INDUSTRIA E COMERCIO AGRO
ALIMENTAR SA |
|
|
|
|
Registered Office : |
Estrada Do Rebocho,Monte Da Barca 2100-051-Coruche Coruche Santarem |
|
|
|
|
Country : |
Portugal |
|
|
|
|
Financials (as on) : |
2014 |
|
|
|
|
Date of Incorporation : |
25.11.2005 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Wholesale of food agro products. |
|
|
|
|
No. of Employee : |
75 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No complaints |
|
|
|
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 with sustained fiscal discipline, could make Portugal more attractive to foreign direct investment. The government reduced the budget deficit from 11.2% of GDP in 2010 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 EU fiscal obligations, under the excessive deficit procedure. 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. EU-IMF financing expired in May 2014.
|
Source
: CIA |
Identification
|
Name |
ATLANTIC
MEALS-INDUSTRIA E COMERCIO AGRO ALIMENTAR SA |
|
IIC Number |
1031391 |
|
V.A.T. Number /
NIF |
507500865 |
|
Address |
Estrada do
Rebocho,Monte da Barca |
|
Postal Code |
2100-051-CORUCHE |
|
Municipality |
CORUCHE |
|
District |
SANTAREM |
|
Country |
Portugal |
|
Telephone |
218503140 |
|
Fax |
218503149 |
|
E-Mail |
|
|
Web Site |
|
|
CAE Main |
10612- Husking,
money laundering and other treatments rice |
Financial Highlights
|
2012 |
2013 |
2014 |
|||
|
Net Sales |
38.185.387,70 |
|
38.602.730,72 |
|
43.609.328,71 |
|
Net Income For
the Year |
613.875,08 |
|
1.819.659,91 |
|
438.323,27 |
|
Shareholders
Funds |
8.368.808,61 |
|
10.016.271,17 |
|
9.841.254,11 |
|
Stocks |
16.051.421,14 |
|
15.332.511,34 |
|
11.095.589,12 |
|
LIABILITY |
29.689.354,65 |
|
29.974.780,21 |
|
29.238.218,38 |
|
ASSETS |
38.058.163,26 |
|
39.991.051,38 |
|
39.079.472,49 |
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 |
25-11-2005 |
|
V.A.T. Number /
NIF |
507500865 |
|
Employees |
75 |
|
Capital |
5.000.000,00 |
|
Sales in :
31-12-2014 |
43.609.328,71 |
|
Shareholders
Funds in: 31-12-2014 |
9.841.254,11 |
|
Credit Risk
Level |
Low Credit Risk
|
|
Payments |
Good |
|
Credit
Recommendation |
Credit Worthy |
|
Rating |
D2 |
|
Actual
Condition |
In activity |
|
Incidents |
|
Summary of
Claims (Last 5 Years) |
|
Year |
Quantity |
Total |
|
€ |
||
|
2014 |
1 |
20.017,03 |
|
Total |
1 |
20.017,03 |
|
Insolvencies /
Revitalization Processes |
|
NO |
|
Tax Situation |
|
On this date
the subject is Not registered in the debtors list of the tax authorities |
|
Contributive
Situation (Social Security) |
|
Information
currently unavailable at the source. |
|
Governing Bodies |
|
Board of
Director's |
|
|
MARIA ARACELI
CISCAR GARCIA |
Administrator |
|
LUIS FILIPE
BELO MARQUES |
Board of
Director's President |
|
RICARDO CISCAR
GARCIA |
Administrator |
|
FREDERICO
ANTONIO LEITE RODRIGUES |
Administrator |
|
Fiscal Board |
|
|
MATOS &
VAZ, SROC |
Fiscal Board
Substitute |
|
LUIS ESTEVES
AFONSO, SOCIEDADE DE REVISORES OFICIAIS DE CONTAS, UNIPESSOAL LDA |
Unique Fiscal |
|
Legal Structure |
|
Registed on the
Register Record Office of Coruche with the Register Number 507500865 previous
number 13811 in 25-11-2005 |
|
Constitution
celebrated in 25-11-2005 published on Diário da República number 89 of
09-05-2006 |
|
To oblige the
company it is necessary 3 signature |
|
Changes to
Society |
|
In 13-05-2015 on
Portal MJ of 13-05-2015 resignation of board of directors |
|
In 16-04-2015
on Portal MJ of 23-07-2015 board of director's change |
|
In 30-07-2014
on Portal MJ of 30-07-2014 resignation of board of directors |
|
In 28-07-2014 on
Portal MJ of 29-07-2014 resignation of board of directors |
|
In 28-07-2014
on Portal MJ of 29-07-2014 appointment of board of directors |
|
Capital |
|
The Capital is
5.000.000,00 |
|
with the
following shareholders |
|
MONTE DA BARCA-PATRIMONIO
E GESTAO SA |
2.500.000,00 |
50% |
|
HERDADE DA
COMPORTA-ACTIVIDADES AGRO SILVICOLAS E TURISTICAS SA |
2.500.000,00 |
50% |
|
Shareholders / Partners Companies |
|
NAME |
MONTE DA
BARCA-PATRIMONIO E GESTAO SA |
|
Funtion |
Shareholder |
|
Address |
Avenida Infante
D. Henrique, 333-H - Escritório 30 |
|
Locality |
1800-282 LISBOA |
|
E-Mail |
montedabarca@gmail.com |
|
C.A.E. |
46214-
Wholesale of grain, seeds, pulses, oilseeds and other agricultural raw
materials |
|
NAME |
HERDADE DA
COMPORTA-ACTIVIDADES AGRO SILVICOLAS E TURISTICAS SA |
|
Funtion |
Shareholder |
|
Address |
Espaço Comporta
- Estrada Nacional nº 253, Km 1 |
|
Locality |
7580-610
COMPORTA |
|
Telephone |
265499900 |
|
Fax |
265497547 |
|
E-Mail |
info@herdadedacomporta.pt |
|
C.A.E. |
01111- Cereals
(except rice) |
|
Activities |
|
Main CAE |
10612- Husking,
money laundering and other treatments rice |
|
Business
Description |
|
Wholesale of food
agro products. |
|
Geographic Distribution of Sales |
|
Internal Market |
International Market |
|
Year |
EU |
Extra-EU |
Total |
|
2014 |
34.651.751,70 |
79,46% |
3.428.397,01 |
7,86% |
5.529.180,00 |
12,68% |
43.609.328,71 |
|
|
2013 |
34.728.050,09 |
89,96% |
3.874.680,63 |
10,04% |
0,00 |
0,00% |
38.602.730,72 |
|
|
2012 |
33.864.148,07 |
88,68% |
4.303.035,53 |
11,27% |
18.204,10 |
0,05% |
38.185.387,70 |
|
|
2011 |
36.150.922,42 |
90,67% |
3.703.708,12 |
9,29% |
14.113,40 |
0,04% |
39.868.743,94 |
|
|
2010 |
23.488.443,35 |
86,12% |
3.520.169,30 |
12,91% |
266.400,00 |
0,98% |
27.275.012,65 |
|
Geographic Distribution of Purchases |
|
Internal Market |
International Market |
|
Year |
EU |
Extra-EU |
Total |
|
2014 |
14.865.287,09 |
49,66% |
5.603.780,07 |
18,72% |
9.466.475,38 |
31,62% |
29.935.542,54 |
|
|
2013 |
20.668.429,69 |
75,78% |
3.438.167,68 |
12,61% |
3.167.267,30 |
11,61% |
27.273.864,67 |
|
|
2012 |
25.516.046,19 |
76,97% |
4.714.349,53 |
14,22% |
2.921.368,09 |
8,81% |
33.151.763,81 |
|
|
2011 |
18.775.968,74 |
57,79% |
8.374.872,57 |
25,78% |
5.340.483,25 |
16,44% |
32.491.324,56 |
|
|
2010 |
13.692.412,52 |
57,69% |
5.490.053,36 |
23,13% |
4.550.834,50 |
19,17% |
23.733.300,38 |
|
Trade Marks |
|
Atlantic Le
Chef |
|
Ceifeira |
|
Atlantic |
|
Sorraia |
|
Banks and Financial Institutions |
|
NOVO BANCO, SA |
Praça do
Comércio - Lisboa |
|
Incidents |
|
Insolvencies /
Revitalization Processes |
|
NO |
|
Tax Situation |
|
On this date the
subject is Not registered in the debtors list of the tax authorities |
|
Contributive
Situation (Social Security) |
|
Information
currently unavailable at the source. |
|
Summary of
Claims (Last 5 Years) |
|
Year |
Quantity |
Total |
|
€ |
||
|
2014 |
1 |
20.017,03 |
|
Total |
1 |
20.017,03 |
|
Legal Actions |
|
Date |
Process |
Author |
Type |
Amount |
Judicial
District |
Court |
Situation |
|
|
85/14.2TTSTR |
|
T-Acção de
Processo Comum |
20.017,03 |
Santarém - Tribunal
do Trabalho |
Employees
|
Year |
Total |
Men |
Women |
|
2014 |
75 |
48 |
64% |
27 |
36% |
|
|
2013 |
72 |
38 |
53% |
34 |
47% |
|
|
2012 |
71 |
43 |
61% |
28 |
39% |
|
|
2011 |
60 |
37 |
62% |
23 |
38% |
|
|
2010 |
53 |
32 |
60% |
21 |
40% |
|
Head Office and Installations |
|
Installations
R. do Comércio, Biscainho , 2100-651, BISCAINHO |
|
Installations
Junto ao cruzamento da E.N.253 com a E.N.261, 7580-610, COMPORTA |
|
Office Avenida Infante
D. Henrique, 333H - 2º, Escritório 30, 1800-282, LISBOA, Tel:218503140,
Fax:218503149 |
|
Head office
Estrada do Rebocho,Monte da Barca, 2100-051, CORUCHE |
|
Participations |
|
The subject
participates on the following company(ies) |
|
|
IIC Number |
1367682 |
|
NAME |
PORTARROZ-AGRUPAMENTO
DE PRODUTORES DE ARROZ, A.C.E |
|
Address |
Estrada do
Rebocho - Monte da Barca |
|
Locality |
2100-051
CORUCHE |
|
Telephone |
243618346 |
|
C.A.E. |
01610- Services
to the agriculture |
|
Capital |
0,00 |
|
Participation |
45% |
|
Special Information |
|
Event |
General
Description |
|
Quality
Certification |
A titular é uma
empresa certificada segundo as Normas ISO 9001:2008 e ISO 22000:2005. |
|
Financial Demonstration SNC |
||
|
Balance Sheet SNC |
||
|
CoinEUROS |
Year:2014 |
|
|
2014 |
2013 |
2012 |
% Var.2014/13 |
|
ASSET |
||||
|
Non-current
assets |
||||
|
Tangible fixed
assets |
11.491.038,59 |
12.062.800,28 |
11.413.420,07 |
(4,74)% |
|
Investment properties
|
- |
- |
- |
- |
|
Goodwill |
- |
- |
- |
- |
|
Intangible
assets |
42.426,66 |
25.091,64 |
- |
69,09% |
|
Biological
assets |
- |
- |
- |
- |
|
Financial
participations - patrimonial equity method |
- |
51,52 |
14,91 |
- |
|
Financial participations
- other methods |
- |
73.540,00 |
58.830,00 |
- |
|
Shareholders/partners
|
- |
- |
- |
- |
|
Other financial
assets |
63.604,98 |
- |
- |
- |
|
Deferred tax
assets |
581.281,04 |
607.168,35 |
- |
(4,26)% |
|
Financial investments(exclusive
use by small entities and micro entities) |
- |
- |
- |
- |
|
Total |
12.178.351,27 |
12.768.651,79 |
11.472.264,98 |
(4,62)% |
|
Current assets |
||||
|
Inventories |
11.095.589,12 |
15.332.511,34 |
16.051.421,14 |
(27,63)% |
|
Biological
assets |
- |
- |
- |
- |
|
Costumers |
9.219.753,81 |
9.884.179,60 |
7.128.236,28 |
(6,72)% |
|
Advances to
suppliers |
- |
93.941,90 |
202.000,00 |
- |
|
State and other
public entities |
965.226,12 |
1.133.101,26 |
1.076.496,83 |
(14,82)% |
|
Shareholders/partners
|
600.000,00 |
- |
- |
- |
|
Other accounts
receivable |
3.011.671,61 |
430.199,17 |
1.838.765,74 |
600,06% |
|
Deferrals |
218.589,71 |
203.659,65 |
208.292,42 |
7,33% |
|
Financial
assets held for trading |
- |
- |
- |
- |
|
Other financial
assets |
- |
- |
- |
- |
|
Non-current
assets held for sale |
- |
- |
- |
- |
|
Other current
assets |
- |
- |
- |
- |
|
Cashier and
bank deposits |
1.790.290,85 |
144.806,67 |
80.685,87 |
1.136,33% |
|
Total |
26.901.121,22 |
27.222.399,59 |
26.585.898,28 |
(1,18)% |
|
TOTAL ASSET |
39.079.472,49 |
39.991.051,38 |
38.058.163,26 |
(2,28)% |
|
SHAREHOLDERS
FUNDS AND LIABILITIES |
||||
|
SHAREHOLDERS
FUNDS |
||||
|
Capital |
5.000.000,00 |
5.000.000,00 |
5.000.000,00 |
- |
|
Own shares |
- |
- |
- |
- |
|
Other
shareholders funds instruments |
- |
- |
- |
- |
|
Emission
premiuns |
- |
- |
- |
- |
|
Legal reserves |
222.000,00 |
100.000,00 |
100.000,00 |
122,00% |
|
Other reserves |
- |
- |
- |
- |
|
Net retained |
2.281.894,84 |
1.040.787,52 |
358.770,00 |
119,25% |
|
Adjustments on
financial assets |
- |
- |
- |
- |
|
Revaluation
surplus |
964.071,14 |
1.001.927,38 |
1.031.842,56 |
(3,78)% |
|
Other
shareholders funds changes |
934.964,86 |
1.053.896,36 |
1.264.320,97 |
(11,28)% |
|
Total |
9.402.930,84 |
8.196.611,26 |
7.754.933,53 |
14,72% |
|
Net income for
the period |
438.323,27 |
1.819.659,91 |
613.875,08 |
(75,91)% |
|
Antecipated
dividends |
- |
- |
- |
- |
|
TOTAL OF
SHAREHOLDERS FUNDS |
9.841.254,11 |
10.016.271,17 |
8.368.808,61 |
(1,75)% |
|
LIABILITY |
||||
|
Non-current
liiabilities |
||||
|
Provisions |
- |
- |
- |
- |
|
Financing
obtained |
5.066.912,44 |
6.055.082,89 |
5.535.188,18 |
(16,32)% |
|
Responsability
for post-employment beneficts |
- |
- |
- |
- |
|
Diferred taxes
liabilities |
540.003,33 |
654.199,67 |
774.459,77 |
(17,46)% |
|
Other payable
accounts |
- |
- |
- |
- |
|
Total |
5.606.915,77 |
6.709.282,56 |
6.309.647,95 |
(16,43)% |
|
Current
liabilities |
||||
|
Suppliers |
1.945.379,69 |
4.261.287,64 |
2.276.965,97 |
(54,35)% |
|
Advances from
costumers |
- |
- |
- |
- |
|
State and other
public entities |
115.459,39 |
109.953,47 |
273.960,47 |
5,01% |
|
Shareholders/partners
|
- |
- |
- |
- |
|
Financing
obtained |
21.030.195,40 |
18.265.340,32 |
20.215.827,58 |
15,14% |
|
Other payable
accounts |
540.268,13 |
625.750,02 |
610.879,35 |
(13,66)% |
|
Deferrals |
- |
3.166,20 |
2.073,33 |
- |
|
Financial
liabilities held for trading |
- |
- |
- |
- |
|
Other financial
liabilities |
- |
- |
- |
- |
|
Non-current
liabilities held for sale |
- |
- |
- |
- |
|
Other current
liabilities |
- |
- |
- |
- |
|
Total |
23.631.302,61 |
23.265.497,65 |
23.379.706,70 |
1,57% |
|
TOTAL
LIABILITIES |
29.238.218,38 |
29.974.780,21 |
29.689.354,65 |
(2,46)% |
|
TOTAL
SHAREHOLDERS FUNDS AND LIABILITIES |
39.079.472,49 |
39.991.051,38 |
38.058.163,26 |
(2,28)% |
|
INCOME
STATEMENT |
||||
|
INCOME AND
EXPENSES |
||||
|
Sales and
services |
43.609.328,71 |
38.602.730,72 |
38.185.387,70 |
12,97% |
|
Operating
government grants |
16.089,42 |
40.597,12 |
1.658,61 |
(60,37)% |
|
Gains/losses
allocated subsidiaries, associates and joint ventures |
13,46 |
36,61 |
14,91 |
(63,23)% |
|
Variation in
production inventories |
(53.742,15) |
410.194,33 |
25.861,22 |
(113,10)% |
|
Work for the
entity itself |
- |
- |
- |
- |
|
Cost of goods
sold and materials consumed |
33.519.370,65 |
29.268.104,99 |
28.559.085,13 |
14,53% |
|
Suppliers and
external services |
4.728.473,88 |
4.020.646,43 |
3.978.874,80 |
17,60% |
|
Personnel costs
|
1.856.773,24 |
1.955.443,45 |
1.665.299,46 |
(5,05)% |
|
Impairment of
inventories (losses/revearsals) |
- |
- |
- |
- |
|
Impairment of
receivables (losses/revearsals) |
27.666,00 |
25.618,07 |
- |
7,99% |
|
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 |
417.673,06 |
317.402,62 |
98.102,39 |
31,59% |
|
Other expenses
and losses |
429.091,74 |
425.894,93 |
389.999,98 |
0,75% |
|
Result before
depreciation, financing costs and taxes |
3.427.986,99 |
3.675.253,53 |
3.717.765,46 |
(6,73)% |
|
Expenses/reversals
of depreciation and amortization |
1.815.131,65 |
1.603.144,22 |
1.825.549,42 |
13,22% |
|
Impairment of
investments depreciable/amortizable (losses/reversals) |
- |
- |
- |
- |
|
Operating
result (before financing costs and taxes) |
1.612.855,34 |
2.072.109,31 |
1.892.216,04 |
(22,16)% |
|
Interest and
similar income obtained |
1.938,22 |
130,66 |
3.397,10 |
1.383,41% |
|
interest and
similar expenses incurred |
1.198.344,37 |
1.054.900,26 |
1.031.510,84 |
13,60% |
|
Net before
taxes |
416.449,19 |
1.017.339,71 |
864.102,30 |
(59,06)% |
|
Income tax of
the period |
(21.874,08) |
(802.320,20) |
250.227,22 |
(97,27)% |
|
Net profit for
the period |
438.323,27 |
1.819.659,91 |
613.875,08 |
(75,91)% |
|
Results of
discontinued operations (net of taxes) included in the net icome of the
period |
- |
- |
- |
- |
|
RATIOS SNC |
|
Closing Date |
2014 |
2013 |
2012 |
|
|
||||||
|
TURNOVER RATIOS
|
||||||
|
Shareholder's
Funds Profitability |
0,045 |
0,182 |
0,073 |
|||
|
Assets
Profitability |
0,041 |
0,052 |
0,05 |
|||
|
Sales Net
Profitability |
0,01 |
0,047 |
0,016 |
|||
|
EFFICIENCY
RATIOS |
||||||
|
Medium Term
Receivable |
77,167 |
93,458 |
68,136 |
|||
|
Asset Rotation |
1,116 |
0,965 |
1,003 |
|||
|
PRODUCTIVITY
RATIOS |
||||||
|
Productivity |
5,434 |
4,774 |
5,781 |
|||
|
SHORT TERM
RATIOS |
||||||
|
General
Liquidity |
1,138 |
1,17 |
1,137 |
|||
|
Reduced
Liquidity |
0,669 |
0,511 |
0,451 |
|||
|
Immediate
Liquidity |
0,076 |
0,006 |
0,003 |
|||
|
MEDIUM LONG
TERM RATIOS |
||||||
|
Financial
Autonomy |
0,252 |
0,25 |
0,22 |
|||
|
Solvability |
0,337 |
0,334 |
0,282 |
|||
|
Borrowed
Capital Structure |
0,808 |
0,776 |
0,787 |
|||
|
General Debt |
2,652 |
2,428 |
3,077 |
|||
|
Medium Long
Term Debt |
0,515 |
0,605 |
0,661 |
|||
|
Debt Structure |
0,808 |
0,776 |
0,787 |
|||
|
Capital
Structure |
1,755 |
1,493 |
1,326 |
|||
|
Operational and
Financial Risk |
||||||
|
Operational
Leverage Level |
6,256 |
4,505 |
5,087 |
|||
|
Financial
Leverage Level |
3,873 |
2,037 |
2,19 |
|||
|
Combined
Leverage Level |
24,229 |
9,177 |
11,141 |
|||
|
CASH FLOW STATEMENT |
|
Rubrics |
2014 |
2013 |
PERIODS |
|
CASH FLOWS FROM
OPERATIONAL ACTIVITIES |
|||
|
Customers
receipts |
43.691.310,53 |
33.799.369,18 |
29,27% |
|
Payments to
suppliers |
38.584.045,07 |
31.504.271,52 |
22,47% |
|
Payments to
employees |
1.759.087,45 |
1.434.205,35 |
22,65% |
|
Cash at bank
generated from operations |
3.348.178,01 |
860.892,31 |
288,92% |
|
Payment/receipt
of income tax |
(132.622,52) |
(163.105,34) |
18,69% |
|
Other receipts/payments
|
(201.692,46) |
(75.470,94) |
(167,25)% |
|
Cash Flows from
Operational Activities (A) |
3.013.863,03 |
622.316,03 |
384,30% |
|
CASH FLOWS' INVESTMENT ACTIVITIES |
|||
|
Payments regarding: |
|||
|
Fixed tangible
assets |
450.614,91 |
1.177.621,07 |
(61,74)% |
|
Intangible
assets |
- |
- |
- |
|
Financial
investments |
- |
14.710,00 |
- |
|
Other assets |
- |
27.838,59 |
- |
|
Receipts from: |
|||
|
Fixed tangible
assets |
5.000,00 |
60.270,00 |
(91,70)% |
|
Intangible
assets |
- |
- |
- |
|
Financial
investments |
10.000,00 |
- |
- |
|
Other assets |
16.049,82 |
- |
- |
|
Investment
subsidies |
- |
- |
- |
|
Interest and
similar income |
1.938,22 |
130,66 |
1.383,41% |
|
Dividends |
- |
- |
- |
|
Cash Flows'
Investments Activities (B) |
(417.626,87) |
131.837,50 |
(416,77)% |
|
CASH FLOWS' INVESTMENT ACTIVITIES |
|||
|
Receipts from: |
|||
|
Obtained
financing |
43.087.465,71 |
19.340.627,53 |
122,78% |
|
Paying-up of
capital and other equity instruments |
- |
- |
- |
|
Coverage of
losses |
- |
- |
- |
|
Donations |
- |
- |
- |
|
Other financing
operations |
- |
- |
- |
|
Payments regarding: |
|||
|
Obtained
financing |
40.106.241,85 |
18.023.580,97 |
122,52% |
|
Interests and
similar expenses |
1.627.436,11 |
1.277.935,17 |
27,35% |
|
Dividends |
500.000,00 |
- |
- |
|
Capital's
redution and other equity instruments |
- |
- |
- |
|
Other financing
operations |
1.804.539,73 |
729.144,12 |
147,49% |
|
Cash Flows'
Financing Activities © |
(950.751,98) |
(690.032,73) |
(37,78)% |
|
Variation in
cash at bank and its equivalents (A+B+C) |
1.645.484,18 |
64.120,80 |
2.466,23% |
|
Effect of
exchange differences |
- |
- |
- |
|
Cash at bank
and its equivalents at the start of period |
144.806,67 |
80.685,87 |
79,47% |
|
Cash at bank and
its equivalents at the end of period |
1.790.290,85 |
144.806,67 |
1.136,33% |
|
CASH FLOWS |
|
Movimentos do Periodo de 2014 |
||||
|
Rubrics |
Initial balance |
Debits |
Credits |
Final balance |
|
PERIOD'S
CARRYING AMOUNT AND MOVEMENTS |
|
|||
|
Cash in hand |
335,25 |
5.236,71 |
4.689,82 |
882,14 |
|
Order deposits |
144.471,42 |
86.114.500,91 |
85.469.563,62 |
789.408,71 |
|
Other bank
deposits |
- |
1.000.000,00 |
- |
1.000.000,00 |
|
Total cash at
bank and bank deposits |
144.806,67 |
87.119.737,62 |
85.474.253,44 |
1.790.290,85 |
|
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 2014 |
||||||
|
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: |
- |
162.120,84 |
- |
0,00 |
|
Fixed tangible
assets |
- |
162.120,84 |
- |
0,00 |
|
Land and
Natural Resources |
- |
- |
- |
- |
|
Buildings and
other structures |
- |
- |
- |
- |
|
Basic equipment |
- |
162.120,84 |
- |
- |
|
Transport
equipment |
- |
- |
- |
- |
|
Office
equipment |
- |
- |
- |
- |
|
Biological
equipment |
- |
- |
- |
- |
|
Others |
- |
- |
- |
- |
|
Intangible
assets |
- |
0,00 |
- |
0,00 |
|
Development
projects |
- |
- |
- |
- |
|
Computer
programmes |
- |
- |
- |
- |
|
Industrial
property |
- |
- |
- |
- |
|
Others |
- |
- |
- |
- |
|
Other assets |
- |
- |
- |
- |
|
Grants related
to income / operating |
- |
16.089,42 |
- |
- |
|
Value of
repayments in the period: |
- |
16.089,42 |
- |
0,00 |
|
Grants related
to assets/investment |
- |
- |
- |
- |
|
Grants related
to income / operating |
- |
16.089,42 |
- |
- |
|
TOTAL |
- |
162.120,84 |
- |
0,00 |
|
IMPAIRMENT LOSSES IN FINANCIAL ASSETS AT COST OR
AT AMORTIZED COST |
|
Movimentos do Periodo de 2014 |
|||
|
Rubrics |
Impairment losses |
Impairment losses reversals |
Total |
|
Receivable
debts from customers |
73.562,73 |
45.896,73 |
27.666,00 |
|
Other
receivables |
- |
- |
0,00 |
|
Equity
instruments and other securities |
- |
- |
0,00 |
|
Others |
- |
- |
0,00 |
|
TOTAL |
73.562,73 |
45.896,73 |
27.666,00 |
|
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 |
75 |
161.426 |
|
Paid company
employees |
75 |
161.426 |
|
Company UNPAID
employees |
0 |
- |
|
Company employees, by type of working hours |
||
|
Full time
company employees |
74 |
160.722 |
|
Of which: Full time
company employees |
74 |
160.722 |
|
Part time
company employees |
1 |
704 |
|
Of which: Part
time company employees |
1 |
704 |
|
Company employees, by gender: |
||
|
Men |
48 |
103.990 |
|
Women |
27 |
57.436 |
|
Company employees, of which: |
||
|
Company
employees assigned to Research and Development |
11 |
- |
|
Service
providers |
- |
- |
|
People placed
through temporary employment agencies |
- |
- |
|
Staff costs |
|
Rubrics |
Value |
|
Staff costs |
1.856.773,24 |
|
Governance Bodies
Remuneration |
134.179,28 |
|
Of which:
Profit-sharing |
- |
|
Employees
remuneration |
1.273.753,71 |
|
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 |
307.897,06 |
|
Insurance for
accidents at work and professional diseases |
26.848,76 |
|
Social security
expenses |
- |
|
Other staff
costs |
114.094,43 |
|
Of which: |
|
|
Expenditure on
education |
22.246,98 |
|
Expenditure on
uniforms |
31.613,35 |
|
INFORMATION BY GEOGRAPHIC MARKETS |
|
Geographic markets |
||||
|
Rubrics |
Internal |
EU |
Extra-EU |
Total |
|
Sales |
33.653.484,93 |
3.428.397,01 |
5.529.180,00 |
42.611.061,94 |
|
Services
provided |
998.266,77 |
- |
- |
998.266,77 |
|
Purchases |
14.865.287,09 |
5.603.780,07 |
9.466.475,38 |
29.935.542,54 |
|
Supplies and
external services |
3.768.146,44 |
960.327,44 |
- |
4.728.473,88 |
|
Acquisition of
fixed tangible assets |
2.137.588,49 |
133.320,42 |
- |
2.270.908,91 |
|
Acquisition of
investment properties |
- |
- |
- |
0,00 |
|
Acquisition of
intangible assets |
36.388,02 |
0,00 |
0,00 |
36.388,02 |
|
Supplementary income:
|
38.445,62 |
0,00 |
0,00 |
38.445,62 |
|
Social services |
- |
- |
- |
0,00 |
|
Equipment
rental |
- |
- |
- |
0,00 |
|
Studies,
projects and technological assistance |
- |
- |
- |
0,00 |
|
Royalities |
- |
- |
- |
0,00 |
|
Others |
38.445,62 |
- |
- |
38.445,62 |
|
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 |
2014 |
2013 |
PERIODS |
|
Customers |
|
||
|
Trade accounts
receivable |
- |
9.930.076,33 |
- |
|
Trade notes
receivable |
- |
0,00 |
- |
|
Advances
received from customers |
- |
- |
- |
|
Suppliers |
|||
|
Trade accounts
payable |
- |
4.229.277,50 |
- |
|
Trade notes
payable |
- |
- |
- |
|
Trade accounts
payable - unchecked invoices |
- |
32.010,14 |
- |
|
Advances to
suppliers |
- |
93.941,90 |
- |
|
Staff |
|||
|
Payable
remunerations |
- |
2.706,68 |
- |
|
Advanced
payments |
- |
- |
- |
|
Bonds |
- |
- |
- |
|
Other
operations |
- |
- |
- |
|
State and other public sector institutions |
|||
|
Income Tax |
- |
297.204,34 |
- |
|
Deductible IVA
(debt cumulative amounts) |
- |
3.324.047,39 |
- |
|
Paid IVA
(credit cumulative amounts) |
- |
2.626.760,45 |
- |
|
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 |
- |
72.399,96 |
- |
|
Trade accounts
payable - unchecked invoices |
- |
- |
- |
|
Advanced
payments to investment providers |
- |
- |
- |
|
additional
income - Debtors |
- |
68.387,18 |
- |
|
additional
expenses - Creditors |
- |
523.019,87 |
- |
|
Deferred tax
assets |
- |
607.168,35 |
- |
|
Deferred tax
liabilities |
- |
654.199,67 |
- |
|
Unreleased
subscriptions - Creditors |
- |
- |
- |
|
Advances
received on account of sales |
- |
- |
- |
|
Other debtors and creditors |
|||
|
Other debtors |
- |
355.261,21 |
- |
|
Other creditors |
- |
7.949,34 |
- |
|
EXPENSE ACCOUNTS |
|
Rubrics |
2014 |
2013 |
PERIODS |
|
Supplies and
external services |
- |
4.020.646,43 |
- |
|
Subcontracts |
- |
- |
- |
|
Specialized
services |
- |
1.176.240,54 |
- |
|
Specialized
works |
- |
462.800,33 |
- |
|
Of which:
Payments to workers placed through agencies |
- |
- |
- |
|
Advertising and
promotion |
- |
10.507,56 |
- |
|
Surveillance
and security |
- |
84.531,65 |
- |
|
Fees |
- |
44.475,67 |
- |
|
Comissions |
- |
3.376,76 |
- |
|
Maintenance and
repairs |
- |
494.912,29 |
- |
|
Others |
- |
75.636,28 |
- |
|
Materials |
- |
71.661,06 |
- |
|
Fast wear tools
and utensils |
- |
57.659,05 |
- |
|
Books and
technical documentation |
- |
171,13 |
- |
|
Office material |
- |
12.074,28 |
- |
|
Gift items |
- |
- |
- |
|
Others |
- |
1.756,60 |
- |
|
Energy and
fluids |
- |
1.166.689,77 |
- |
|
Electricity |
- |
576.346,84 |
- |
|
Fuels |
- |
102.395,53 |
- |
|
Water |
- |
2.041,12 |
- |
|
Others |
- |
485.906,28 |
- |
|
Travel, lodging
and transportation |
- |
967.658,08 |
- |
|
Travel and
lodging |
- |
98.130,87 |
- |
|
Transport of
personnel |
- |
- |
- |
|
Transport of
goods |
- |
869.527,21 |
- |
|
Others |
- |
- |
- |
|
Different
services |
- |
638.396,98 |
- |
|
Rents and
leases |
- |
503.559,13 |
- |
|
Of which: Rents
from land |
- |
- |
- |
|
Communication |
- |
31.630,15 |
- |
|
Insurance |
- |
59.041,22 |
- |
|
Royalties |
- |
- |
- |
|
Litigation and
Notaries |
- |
3.437,42 |
- |
|
Representation
expenses |
- |
- |
- |
|
Cleaning,
hygiene and comfort |
- |
39.362,28 |
- |
|
Other services |
- |
1.366,78 |
- |
|
Deliberation of Approval of Accounts |
|
Were the
financial year's accounts approved? |
|
|
YES |
|
|
Data da
Aprovação: 20-03-2015 |
|
|
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 |
2014 |
2013 |
|
Retained
earnings |
2.720.218,11 |
2.860.447,43 |
|
Allocated
results / Available profits |
0,00 |
500.000,00 |
|
Percentages or
bonuses to managing bodies |
- |
- |
|
Ditto to staff |
- |
- |
|
Reserves |
22.000,00 |
122.000,00 |
|
Coverage of
losses |
- |
- |
|
7. Others |
- |
- |
|
BALANCE
(1-2-3-4-5-6-7) |
2.698.218,11 |
2.238.447,43 |
|
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: 509855199 |
|
|
Was the Legal certification of accounts
issued? |
|
|
YES |
|
|
Without
reservation and without emphasis |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.06 |
|
|
1 |
Rs.102.35 |
|
Euro |
1 |
Rs.74.97 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ANK |
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.