MIRA INFORM REPORT

 

 

Report No. :

302982

Report Date :

17.01.2015

 

IDENTIFICATION DETAILS

 

Name :

A.TAVARES & MARTINS LDA

 

 

Registered Office :

Rua da Madeira, 62 - Zona Industrial 1 3700-176-Sao Joao Da Madeira Sao Joao Da Madeira Aveiro

 

 

Country :

Portugal

 

 

Financials (as on) :

2013

 

 

Date of Incorporation :

23.12.1987

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale fur and leather for shoe manufacturing

 

 

No. of Employees :

09

 

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 – September 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

Portugal

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

PORTUGAL - ECONOMIC OVERVIEW

 

Portugal has become a diversified and increasingly service-based economy since joining the European Community - the EU's predecessor - in 1986. Over the following two decades, successive governments privatized many state-controlled firms and liberalized key areas of the economy, including the financial and telecommunications sectors. The country qualified for the Economic and Monetary Union (EMU) in 1998 and began circulating the euro on 1 January 2002 along with 11 other EU members. The economy grew by more than the EU average for much of the 1990s, but the rate of growth slowed in 2001-08. The economy contracted in 2009, and fell again from 2011 to 2013, as the government implemented spending cuts and tax increases to comply with conditions of an EU-IMF financial rescue package, signed in May 2011. Austerity measures also have contributed to record unemployment and a wave of emigration not seen since the 1960s. Booming exports will contribute to growth and employment in 2014, but the need to continue to reduce private- and public-sector debt could weigh on consumption and investment. The government of Pedro PASSOS COELHO has stated its intention to reduce labor market rigidity, and, this, along with steps to trim the budget deficit, could make Portugal more attractive to foreign investors. The government reduced the budget deficit from 10.1% of GDP in 2009 to 5.1% in 2013, lower than the EU-IMF fiscal target of 5.5%. Despite these efforts, public debt has continued to grow and, in 2013, stands among the highest in the EU. As a result, the government may have difficulty regaining full bond market financing when the EU-IMF financing program expires in May 2014

 

Source : CIA

 

 

 

 

Company name and address

 

Name

A.TAVARES & MARTINS LDA

IIC Number

417659

V.A.T. Number / NIF

501935533

Address

Rua da Madeira, 62 - Zona Industrial 1

Postal Code

3700-176-SAO JOAO DA MADEIRA

Municipality

SAO JOAO DA MADEIRA

District

AVEIRO

Telephone

256835200

Fax

256835202

E-Mail

a.t.martins@mail.telepac. pt

C.A.E.(Rev 3)

46240- Wholesale trade of skins and hides

 

 

Financial Highlights

 

2011

2012

2013

Net Sales

6.121.113,38

7.164.513,25

7.390.666,23

Net Income For the Year

393.031,44

714.652,73

773.875,89

Shareholders Funds

1.960.884,83

2.657.519,18

3.122.917,36

Stocks

2.797.506,20

3.046.390,79

3.991.020,40

LIABILITY

3.070.278,85

3.580.786,01

3.240.131,11

ASSETS

5.031.163,68

6.238.305,19

6.363.048,47

 

 

Summary

 

Legal Form

Private Limited Company

Constitution

23-12-1987

V.A.T. Number / NIF

501935533

Employees

9

Capital

500.000,00

Sales in : 31-12-2013

7.390.666,23

Shareholders Funds in: 31-12-2013

3.122.917,36

 

 

Management Bodies

 

MANUEL LUIS DA SILVA MARTINS

Managing-Partner

SUSANA MARIA GONCALVES TAVARES MARTINS

Managing-Partner

 

Gráficos de Análise Sectorial

 

Legal Structure

 

Registed on the Register Record Office of Sao Joao da Madeira with the Register Number 501935533 previous number 810 in 19-02-1988

Constitution celebrated in 23-12-1987 published on Diário da República number 21 of 26-01-1988

To oblige the company it is necessary 1 signatures

 

Changes to Society

 

In 26-07-2012 on Portal MJ of 26-07-2012 increase of capital Clique para ver detalhes

para 500.000 euros

In 20-10-2005 on Diário da República number 55 of 17-03-2006 head office change

In 03-07-1998 on Diário da República number 190 of 19-08-1998 manager change

 

 

Capital

 

The Capital is 500.000,00

 

with the following distribution

 

MANUEL LUIS DA SILVA MARTINS

250.000,00

50%

SUSANA MARIA GONCALVES TAVARES MARTINS

250.000,00

50%

 

Biographies

 

Name

MANUEL LUIS DA SILVA MARTINS

Funtion

Managing-Partner

Address

Avenida João Pinto Bessa, 550, Cucujães

Locality

3720-763 VILA DE CUCUJAES

Naturality

Cucujães

Civil State

Married

Consort

Susana Maria Gonçalves Tavares Martins

Professional Connections

The subject has connections with the following company (ies)

ALBIAE -IMOBILIARIA SA as Board of Director's President .

Name

SUSANA MARIA GONCALVES TAVARES MARTINS

Funtion

Managing-Partner

Address

Avenida João Pinto Bessa, 550, Cucujães

Locality

3720-763 VILA DE CUCUJAES

Civil State

Married

Consort

Manuel Luís da Silva Martins

Professional Connections

The subject has connections with the following company (ies)

ALBIAE -IMOBILIARIA SA as Administrator .

 

 

Activities

 

Line of Business

Percentage

Wholesale fur and leather for shoe manufacturing

100%

 

Geographic Distribution of Sales

 

Internal Market

International Market

 

Year

EU

Extra-EU

Total

 

2013

7.102.324,97

96,10%

263.399,32

3,56%

24.941,94

0,34%

7.390.666,23

2012

6.781.667,67

94,66%

382.555,70

5,34%

289,88

0,00%

7.164.513,25

2011

5.965.508,72

97,46%

155.604,66

2,54%

0,00

0,00%

6.121.113,38

2010

6.531.332,61

99,64%

23.915,94

0,36%

0,00

0,00%

6.555.248,55

 

Geographic Distribution of Purchases

 

Internal Market

International Market

 

Year

EU

Extra-EU

Total

 

2013

715.190,13

10,57%

3.835.289,91

56,71%

2.212.945,56

32,72%

6.763.425,60

2012

468.840,77

7,88%

3.294.904,85

55,41%

2.182.765,06

36,71%

5.946.510,68

2011

998.196,87

18,12%

2.573.597,58

46,73%

1.936.054,08

35,15%

5.507.848,53

2010

570.571,95

8,90%

3.836.360,07

59,85%

2.003.017,77

31,25%

6.409.949,79

Source: IES

Banks and Financial Institutions

 

NOVO BANCO, SA

Centro de Empresas - Porto Sul

 

Incidents

 

There are no of incidents on our database

 

Employees

 

Year

Total

Men

Women

 

2013

9

6

67%

3

33%

2012

10

7

70%

3

30%

2011

9

6

67%

3

33%

2010

9

6

67%

3

33%

 

Head Office and Installations

 

Head office and installations Rua da Madeira, 62 - Zona Industrial 1, 3700-176, SAO JOAO DA MADEIRA, Tel:256835200, Fax:256835202

 

Financial Demonstration SNC

Balance Sheet SNC

CoinEUROS

Year:2013

 

2013

2012

2011

% Var.2013/12

 

ASSET

Non-current assets

Tangible fixed assets

114.780,73

91.980,65

123.239,01

24,79%

Investment properties

-

-

-

-

Goodwill

-

-

-

-

Intangible assets

-

-

-

-

Biological assets

-

-

-

-

Financial participations - patrimonial equity method

-

-

-

-

Financial participations - other methods

-

-

-

-

Shareholders/partners

-

-

-

-

Other financial assets

-

-

-

-

Deferred tax assets

3.159,66

6.374,72

10.608,98

(50,43)%

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

-

-

-

-

Total

117.940,39

98.355,37

133.847,99

19,91%

Current assets

Inventories

3.991.020,40

3.046.390,79

2.797.506,20

31,01%

Biological assets

-

-

-

-

Costumers

2.136.444,72

2.942.648,73

1.933.625,69

(27,40)%

Advances to suppliers

-

-

-

-

State and other public entities

-

-

-

-

Shareholders/partners

703,56

703,56

596,06

-

Other accounts receivable

34.916,26

38.268,30

100.036,57

(8,76)%

Deferrals

1.925,32

4.840,39

4.735,05

(60,22)%

Financial assets held for trading

10.000,00

10.000,00

-

-

Other financial assets

-

-

28.018,38

-

Non-current assets held for sale

-

-

-

-

Other current assets

-

-

-

-

Cashier and bank deposits

70.097,82

97.098,05

32.797,74

(27,81)%

Total

6.245.108,08

6.139.949,82

4.897.315,69

1,71%

TOTAL ASSET

6.363.048,47

6.238.305,19

5.031.163,68

2,00%

SHAREHOLDERS FUNDS AND LIABILITIES

SHAREHOLDERS FUNDS

Capital

500.000,00

500.000,00

149.640,00

-

Own shares

-

-

-

-

Other shareholders funds instruments

-

-

-

-

Emission premiuns

-

-

-

-

Legal reserves

126.219,14

90.486,50

70.834,93

39,49%

Other reserves

2.031.300,04

1.352.379,95

1.329.360,08

50,20%

Net retained

(308.477,71)

-

-

-

Adjustments on financial assets

-

-

18.018,38

-

Revaluation surplus

-

-

-

-

Other shareholders funds changes

-

-

-

-

Total

2.349.041,47

1.942.866,45

1.567.853,39

20,91%

Net income for the period

773.875,89

714.652,73

393.031,44

8,29%

Antecipated dividends

-

-

-

-

TOTAL OF SHAREHOLDERS FUNDS

3.122.917,36

2.657.519,18

1.960.884,83

17,51%

LIABILITY

Non-current liiabilities

Provisions

308.477,71

-

-

-

Financing obtained

-

222.222,00

444.444,00

-

Responsability for post-employment beneficts

-

-

-

-

Diferred taxes liabilities

-

-

-

-

Other payable accounts

-

-

-

-

Total

308.477,71

222.222,00

444.444,00

38,82%

Current liabilities

Suppliers

1.310.145,63

1.535.227,73

1.609.069,53

(14,66)%

Advances from costumers

175,78

165,26

1.544,41

6,37%

State and other public entities

170.745,97

311.347,50

83.767,34

(45,16)%

Shareholders/partners

30.757,00

31.010,97

31.002,86

(0,82)%

Financing obtained

1.365.568,65

1.432.978,75

846.729,90

(4,70)%

Other payable accounts

54.260,37

47.833,80

53.720,81

13,44%

Deferrals

-

-

-

-

Financial liabilities held for trading

-

-

-

-

Other financial liabilities

-

-

-

-

Non-current liabilities held for sale

-

-

-

-

Other current liabilities

-

-

-

-

Total

2.931.653,40

3.358.564,01

2.625.834,85

(12,71)%

TOTAL LIABILITIES

3.240.131,11

3.580.786,01

3.070.278,85

(9,51)%

TOTAL SHAREHOLDERS FUNDS AND LIABILITIES

6.363.048,47

6.238.305,19

5.031.163,68

2,00%

INCOME STATEMENT

INCOME AND EXPENSES

Sales and services

7.390.666,23

7.164.513,25

6.121.113,38

3,16%

Operating government grants

-

2.254,42

-

-

Gains/losses allocated subsidiaries, associates and joint ventures

-

-

-

-

Variation in production inventories

-

-

-

-

Work for the entity itself

-

-

-

-

Cost of goods sold and materials consumed

5.818.795,99

5.697.626,09

5.011.815,49

2,13%

Suppliers and external services

302.894,66

265.688,43

248.005,29

14,00%

Personnel costs

211.937,81

190.716,73

188.178,04

11,13%

Impairment of inventories (losses/revearsals)

-

-

-

-

Impairment of receivables (losses/revearsals)

(3.878,98)

4.605,23

77.111,27

(184,23)%

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

138.190,92

102.600,01

62.902,60

34,69%

Other expenses and losses

43.132,50

48.029,72

44.281,12

(10,20)%

Result before depreciation, financing costs and taxes

1.155.975,17

1.062.701,48

614.624,77

8,78%

Expenses/reversals of depreciation and amortization

47.457,40

32.527,01

36.410,16

45,90%

Impairment of investments depreciable/amortizable (losses/reversals)

-

-

-

-

Operating result (before financing costs and taxes)

1.108.517,77

1.030.174,47

578.214,61

7,60%

Interest and similar income obtained

-

-

-

-

interest and similar expenses incurred

37.099,81

46.932,53

30.684,23

(20,95)%

Net before taxes

1.071.417,96

983.241,94

547.530,38

8,97%

Income tax of the period

297.542,07

268.589,21

154.498,94

10,78%

Net profit for the period

773.875,89

714.652,73

393.031,44

8,29%

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

0,248

0,269

0,2

Assets Profitability

0,174

0,165

0,115

Sales Net Profitability

0,105

0,1

0,064

EFFICIENCY RATIOS

Medium Term Receivable

105,512

149,915

115,301

Asset Rotation

1,161

1,148

1,217

PRODUCTIVITY RATIOS

Productivity

7,417

7,691

5,895

SHORT TERM RATIOS

General Liquidity

2,13

1,828

1,865

Reduced Liquidity

0,769

0,921

0,8

Immediate Liquidity

0,024

0,029

0,012

MEDIUM LONG TERM RATIOS

Financial Autonomy

0,491

0,426

0,39

Solvability

0,964

0,742

0,639

Borrowed Capital Structure

0,905

0,938

0,855

General Debt

0,437

0,623

0,658

Medium Long Term Debt

0,084

0,227

Debt Structure

0,905

0,938

0,855

Capital Structure

10,124

11,959

4,412

Operational and Financial Risk

Operational Leverage Level

1,418

1,424

1,918

Financial Leverage Level

1,035

1,048

1,056

Combined Leverage Level

1,468

1,492

2,025

 

CASH FLOW STATEMENT

 

Rubrics

2013

2012

PERIODS

 

CASH FLOWS FROM OPERATIONAL ACTIVITIES

Customers receipts

9.528.277,03

7.801.659,53

22,13%

Payments to suppliers

8.396.491,11

6.844.877,04

22,67%

Payments to employees

129.043,14

135.329,49

(4,65)%

Cash at bank generated from operations

1.002.742,78

821.453,00

22,07%

Payment/receipt of income tax

(78.776,36)

(130.571,62)

39,67%

Other receipts/payments

(955.837,23)

(904.268,71)

(5,70)%

Cash Flows from Operational Activities (A)

(31.870,81)

(213.387,33)

85,06%

CASH FLOWS' INVESTMENT ACTIVITIES

Payments regarding:

Fixed tangible assets

1.217,89

-

-

Intangible assets

-

-

-

Financial investments

-

-

-

Other assets

-

-

-

Receipts from:

Fixed tangible assets

12.500,00

-

-

Intangible assets

-

-

-

Financial investments

-

-

-

Other assets

-

-

-

Investment subsidies

-

-

-

Interest and similar income

-

-

-

Dividends

-

-

-

Cash Flows' Investments Activities (B)

11.282,11

0,00

-

CASH FLOWS' INVESTMENT ACTIVITIES

Receipts from:

Obtained financing

10.080.205,27

7.789.886,24

29,40%

Paying-up of capital and other equity instruments

-

-

-

Coverage of losses

-

-

-

Donations

-

-

-

Other financing operations

148.447,14

975.925,21

(84,79)%

Payments regarding:

Obtained financing

10.144.352,37

7.425.716,73

36,61%

Interests and similar expenses

40.814,54

86.239,82

(52,67)%

Dividends

-

-

-

Capital's redution and other equity instruments

-

-

-

Other financing operations

55.577,04

976.024,60

(94,31)%

Cash Flows' Financing Activities ©

(12.091,54)

277.830,30

(104,35)%

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

(32.680,24)

64.442,97

(150,71)%

Effect of exchange differences

5.680,01

-

-

Cash at bank and its equivalents at the start of period

97.098,05

32.655,08

197,34%

Cash at bank and its equivalents at the end of period

70.097,82

97.098,05

(27,81)%

 

 

CASH FLOWS

 

Movimentos do Periodo de 2013

Rubrics

Initial balance

Debits

Credits

Final balance

 

PERIOD'S CARRYING AMOUNT AND MOVEMENTS

 

Cash in hand

-

14,00

14,00

0,00

Order deposits

97.098,05

20.851.340,02

20.878.340,25

70.097,82

Other bank deposits

-

-

-

0,00

Total cash at bank and bank deposits

97.098,05

20.851.354,02

20.878.354,25

70.097,82

Of which: Bank deposits abroad

-

-

-

0,00

 

Rubrics

Value

 

OTHER INFORMATION

 

Receipts from:

 

Non-life insurance claims

-

Operating subsidies

-

Cash at bank and its equivalents not available for use

-

 

ASSETS IMPAIRMENT

 

Movimentos do Periodo de 2013

Impairment losses

Impairment losses reversals

Rubrics

Recognized in profit and loss

Recognized in Equity

Total

Recognized in profit and loss

On revalued assets recognized in equity

Total

 

Individual assets

 

Fixed tangible assets

0,00

-

-

0,00

-

-

Goodwill

0,00

0,00

-

-

0,00

0,00

Intangible assets

0,00

-

-

0,00

-

-

Investment properties (cost model)

0,00

0,00

-

0,00

0,00

-

Investments in progress

0,00

0,00

-

0,00

0,00

-

Financial investments

0,00

0,00

-

0,00

0,00

-

TOTAL

of which: cash-generating units

0,00

0,00

-

0,00

0,00

-

 

GOVERNMENT GRANTS AND GOVERNMENT ASSISTANCE

 

Grants from State and other public bodies

Grants from other entities

Rubrics

Value assigned in the period or in previous periods

Value attributed to the period

Value assigned in the period or in previous periods

Value attributed to the period

 

Grants related to assets/investment:

0,00

0,00

0,00

0,00

Fixed tangible assets

0,00

0,00

0,00

0,00

Land and Natural Resources

-

-

-

-

Buildings and other structures

-

-

-

-

Basic equipment

-

-

-

-

Transport equipment

-

-

-

-

Office equipment

-

-

-

-

Biological equipment

-

-

-

-

Others

-

-

-

-

Intangible assets

0,00

0,00

0,00

0,00

Development projects

-

-

-

-

Computer programmes

-

-

-

-

Industrial property

-

-

-

-

Others

-

-

-

-

Other assets

-

-

-

-

Grants related to income / operating

-

-

-

-

Value of repayments in the period:

0,00

0,00

0,00

0,00

Grants related to assets/investment

-

-

-

-

Grants related to income / operating

-

-

-

-

TOTAL

0,00

0,00

0,00

0,00

 

IMPAIRMENT LOSSES IN FINANCIAL ASSETS AT COST OR AT AMORTIZED COST

 

Movimentos do Periodo de 2013

Rubrics

Impairment losses

Impairment losses reversals

Total

 

Receivable debts from customers

28.334,41

32.213,39

(3.878,98)

Other receivables

-

-

0,00

Equity instruments and other securities

-

-

0,00

Others

-

-

0,00

TOTAL

28.334,41

32.213,39

(3.878,98)

 

DEBTS REGISTERED AS DOUBTFUL

 

Rubrics

Value

 

Regarding insolvency and company recovery procedures or enforcement procedures

-

Claimed in court

-

In arrears:

95.435,37

Over six months and up to twelve months

-

Over twelve months and up to eighteen months

24.029,70

Over eighteen months and up to twenty four months

4.296,12

Over twenty four months

67.109,55

TOTAL

95.435,37

 

EMPLOYEE BENEFITS, COMPANY EMPLOYEES AND PERSONNEL COSTS

 

Rubrics

Average number of employees

Average number of hours worked

 

Company employees, paid and unpaid

9

16.348

Paid company employees

9

16.348

Company UNPAID employees

0

-

Company employees, by type of working hours

Full time company employees

9

16.348

Of which: Full time company employees

9

16.348

Part time company employees

-

-

Of which: Part time company employees

-

-

Company employees, by gender:

Men

6

11.795

Women

3

4.553

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

211.937,81

Governance Bodies Remuneration

38.869,87

Of which: Profit-sharing

-

Employees remuneration

93.102,97

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

17.667,00

Charges on remunerations

29.667,34

Insurance for accidents at work and professional diseases

1.910,37

Social security expenses

-

Other staff costs

30.720,26

Of which:

Expenditure on education

-

Expenditure on uniforms

-

 

INFORMATION BY GEOGRAPHIC MARKETS

 

Geographic markets

Rubrics

Internal

EU

Extra-EU

Total

 

Sales

7.102.324,97

263.399,32

24.941,94

7.390.666,23

Services provided

-

-

-

0,00

Purchases

715.190,13

3.835.289,91

2.212.945,56

6.763.425,60

Supplies and external services

285.861,28

17.033,38

-

302.894,66

Acquisition of fixed tangible assets

70.257,48

-

-

70.257,48

Acquisition of investment properties

-

-

-

0,00

Acquisition of intangible assets

-

-

-

0,00

Supplementary income:

0,00

577,00

0,00

577,00

Social services

-

-

-

0,00

Equipment rental

-

-

-

0,00

Studies, projects and technological assistance

-

-

-

0,00

Royalities

-

-

-

0,00

Others

-

577,00

-

577,00

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

2.224.680,09

2.778.735,33

(19,94)%

Trade notes receivable

7.200,00

263.227,75

(97,26)%

Advances received from customers

175,78

165,26

6,37%

Suppliers

Trade accounts payable

1.286.516,83

1.535.227,73

(16,20)%

Trade notes payable

23.628,80

-

-

Trade accounts payable - unchecked invoices

-

-

-

Advances to suppliers

-

-

-

Staff

Payable remunerations

-

-

-

Advanced payments

-

-

-

Bonds

-

-

-

Other operations

-

(51,03)

-

State and other public sector institutions

Income Tax

(58.010,65)

(139.290,95)

58,35%

Deductible IVA (debt cumulative amounts)

-

-

-

Paid IVA (credit cumulative amounts)

-

-

-

Shareholders / partners

Shareholders with subscription

-

-

-

Unreleased quotas

-

-

-

Advances for profits

-

-

-

Allocated results

From the perspective of the entity distributing profits

-

-

-

From the perspective of the entity with allocated profits

-

-

-

Available profits

From the perspective of the entity distributing profits

-

-

-

From the perspective of the entity with allocated profits

-

-

-

Granted loans - parent company

-

-

-

Granted loans - subsidiary companies, associated companies and joint ventures

-

-

-

Granted loans - other shareholders/partners

-

-

-

Of which: Participating companies

-

-

-

Other operations

Debit status

703,56

703,56

0,00%

Credit status

30.757,00

31.010,97

(0,82)%

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

54.260,37

47.833,80

13,44%

Deferred tax assets

3.159,66

6.374,72

(50,43)%

Deferred tax liabilities

-

-

-

Unreleased subscriptions - Creditors

-

-

-

Advances received on account of sales

-

-

-

Other debtors and creditors

Other debtors

33.844,76

36.929,74

(8,35)%

Other creditors

-

-

-

 

EXPENSE ACCOUNTS

 

Rubrics

2013

2012

PERIODS

 

Supplies and external services

302.894,66

265.688,43

14,00%

Subcontracts

-

-

-

Specialized services

110.808,69

71.056,95

55,94%

Specialized works

26.259,97

13.081,43

100,74%

Of which: Payments to workers placed through agencies

-

-

-

Advertising and promotion

2.715,71

990,01

174,31%

Surveillance and security

90,00

10,00

800,00%

Fees

5.740,20

6.069,31

(5,42)%

Comissions

5.618,10

1.451,04

287,18%

Maintenance and repairs

26.466,79

10.206,38

159,32%

Others

43.917,92

39.248,78

11,90%

Materials

11.539,96

8.306,06

38,93%

Fast wear tools and utensils

427,34

169,02

152,83%

Books and technical documentation

-

-

-

Office material

3.205,92

4.459,00

(28,10)%

Gift items

7.906,70

3.678,04

114,97%

Others

-

-

-

Energy and fluids

23.174,35

23.994,49

(3,42)%

Electricity

2.545,82

2.725,69

(6,60)%

Fuels

18.954,84

20.844,98

(9,07)%

Water

1.673,69

423,82

294,91%

Others

-

-

-

Travel, lodging and transportation

14.396,17

12.695,77

13,39%

Travel and lodging

-

-

-

Transport of personnel

-

-

-

Transport of goods

14.396,17

12.695,77

13,39%

Others

-

-

-

Different services

142.975,49

149.635,16

(4,45)%

Rents and leases

50.495,00

48.540,00

4,03%

Of which: Rents from land

-

-

-

Communication

6.806,42

7.233,14

(5,90)%

Insurance

44.794,96

56.260,60

(20,38)%

Royalties

-

-

-

Litigation and Notaries

195,40

240,40

(18,72)%

Representation expenses

32.948,14

29.947,43

10,02%

Cleaning, hygiene and comfort

3.081,37

2.449,31

25,81%

Other services

4.654,20

4.964,28

(6,25)%

 

Deliberation of Approval of Accounts

 

Were the financial year's accounts approved?

YES

Data da Aprovação: 27-05-2014

By (Unanimity/Majority):

Unanimity

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

100

The accounts were approved:

In general meeting regularly convoked

The accounts were approved:

In POC/SNC/NCM (National Plan of Accounts/Accounting Normalization System/Accounting Normalization for micro entities)

 

PROFIT APLICATION ACCORDING TO THE DELIBERATION THAT APPROVED THE FINANCIAL YEAR'S ACCOUNTS

 

Rubrics

2013

2012

 

Retained earnings

465.398,18

714.652,73

Allocated results / Available profits

-

-

Percentages or bonuses to managing bodies

-

-

Ditto to staff

-

-

Reserves

465.398,18

714.652,73

Coverage of losses

-

-

7. Others

-

-

BALANCE (1-2-3-4-5-6-7)

0,00

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:

LEGAL CERTIFICATION OF ACCOUNTS (CLC)

Is the entity required to have certified accounts by a Statutory Auditor/Statutory Audit Firm?

YES

Identificação do ROC: 193227606

Was the Legal certification of accounts issued?

YES

Without reservation and without emphasis

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.89

UK Pound

1

Rs.93.92

Euro

1

Rs.72.01

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

NIS

 

               

RATING EXPLANATIONS

 

RATING

STATUS

PROPOSED CREDIT LINE

 

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

 

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

 

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

 

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

 

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

 

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

 

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

Credit not recommended

 

--

NB

New Business

--

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                  Payment record (10%)

Credit history (10%)                   Market trend (10%)                                Operational size (10%)

 

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.