MIRA INFORM REPORT

 

 

Report No. :

330318

Report Date :

06.07.2015

 

IDENTIFICATION DETAILS

 

Name :

MATEMA TEXTEIS LDA

 

 

Registered Office :

Rua da Alegria, 1988 - Sala 3, Bonfim, 4200-024-Porto

 

 

Country :

Portugal

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

25.02.1991

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale trade of textiles

 

 

No. of Employees :

10 (2013)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – 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

MATEMA TEXTEIS LDA

V.A.T. Number / NIF

502620838

Address

Rua da Alegria, 1988 - Sala 3, Bonfim

Postal Code

4200-024-PORTO

Municipality

PORTO

District

PORTO

Country

Portugal

Telephone

225573050

Fax

225573059

E-Mail

matema@matema.pt

Web Site

www.matema.pt

CAE Main

46410- Wholesale trade of textiles

 

 

Financial Highlights

 

2011

2012

2013

Net Sales

8.217.146,21

7.133.906,81

7.286.728,95

Net Income For the Year

193.901,21

145.104,74

90.336,94

Shareholders Funds

1.677.502,68

1.822.607,42

1.917.869,15

Stocks

662.541,49

870.694,99

718.325,60

LIABILITY

2.877.261,12

3.128.222,90

2.622.019,99

ASSETS

4.554.763,80

4.950.830,32

4.539.889,14

 

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

25-02-1991

V.A.T. Number / NIF

502620838

Employees

10

Capital

750.000,00

Sales in : 31-12-2013

7.286.728,95

Shareholders Funds in: 31-12-2013

1.917.869,15

Payments

Slow but correct

Actual Condition

In activity

 

 

 

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.

 

Management Bodies

 

JOAO CARLOS FRAZAO CORREIA DA SILVA

Managing-Partner

MARIA ROSALIA FRAZAO CORREIA DA SILVA MORAIS

Managing-Partner

PEDRO MANUEL FRAZAO CORREIA DA SILVA

Managing-Partner

 

Gráficos de Análise Sectorial

 

 

Legal Structure

 

Registed on the Register Record Office of Porto in 2ª. Secção with the Register Number 502620838 previous number 48272 in 27-09-1991

Constitution celebrated in 25-02-1991 published on Diário da República number 20 of 24-01-1992

To oblige the company it is necessary 1 signatures

 

Changes to Society

 

In 28-12-2006 on Portal MJ of 16-01-2007 increase of capital

para 750.000 euros.

In 21-07-2004 the Public Journal number 232 of 01-10-2004 head office change

In 21-12-2001 on Diário da República number 216 of 18-09-2002 head office change

e alteração ao pacto social.

 

 

Capital

 

 

The Capital is 750.000,00

 

with the following distribution

 

JOAO CARLOS FRAZAO CORREIA DA SILVA

165.000,00

22%

MARIA ROSALIA FRAZAO CORREIA DA SILVA MORAIS

281.250,00

37,5%

PEDRO MANUEL FRAZAO CORREIA DA SILVA

303.750,00

40,5%

 

 

Biographies

 

Name

JOAO CARLOS FRAZAO CORREIA DA SILVA

Funtion

Managing-Partner

Address

Rua da Alegria, 1970 - Habitação 5.1

Locality

4200-024 PORTO

Civil State

Unmarried

Previous Connections

Exerceu a sua actividade como empresário em nome individual.

Name

MARIA ROSALIA FRAZAO CORREIA DA SILVA MORAIS

Funtion

Managing-Partner

Address

Rua Ciríaco Cardoso, 265-H - 4º Esq.

Locality

4150-213 PORTO

Civil State

Married

Consort

José Dinis Campos Morais

Name

PEDRO MANUEL FRAZAO CORREIA DA SILVA

Funtion

Managing-Partner

Address

Rua César das Neves, 98 - 2.1

Locality

4200 PORTO

Civil State

Married

Consort

Maria Luisa Torres Vaz Correia da Silva

Previous Connections

Exerceu a sua actividade como empresário em nome individual.

 

 

Activities

 

Main CAE

46410- Wholesale trade of textiles

 

Business Description

Comércio, importação e exportação de produstos têxteis e máquinas industriais

 

Geographic Distribution of Sales

 

Internal Market

International Market

 

Year

EU

Extra-EU

Total

 

2013

7.186.723,68

98,63%

19.061,25

0,26%

80.944,02

1,11%

7.286.728,95

2012

7.057.772,26

98,93%

22.907,28

0,32%

53.227,27

0,75%

7.133.906,81

2011

8.183.554,28

99,59%

0,00

0,00%

33.591,93

0,41%

8.217.146,21

2010

7.884.896,78

99,28%

773,44

0,01%

56.283,30

0,71%

7.941.953,52

 

Geographic Distribution of Purchases

 

Internal Market

International Market

 

Year

EU

Extra-EU

Total

 

2013

1.610.879,99

26,94%

1.925.918,85

32,21%

2.441.631,00

40,84%

5.978.429,84

2012

2.077.210,06

33,28%

1.685.661,57

27,01%

2.478.430,14

39,71%

6.241.301,77

2011

2.753.609,30

40,71%

1.584.555,56

23,43%

2.426.201,80

35,87%

6.764.366,66

2010

2.987.948,11

43,70%

2.023.731,79

29,60%

1.825.705,78

26,70%

6.837.385,68

 

 

Banks and Financial Institutions

 

MILLENNIUM BCP

Empresas - Porto I

 

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.

 

There are no of incidents on our database

 

 

Employees

 

Year

Total

Men

Women

 

2013

10

6

60%

4

40%

2012

10

6

60%

4

40%

2011

10

5

50%

5

50%

2010

10

6

60%

4

40%

 

 

Head Office and Installations

 

Head office and installations Rua da Alegria, 1988 - Sala 3, Bonfim, 4200-024, PORTO, Tel:225573050, Fax:225573059

Had head office Rua Professor Correia Araújo, 593 - Praceta Privada, Nº 23 - Sala 1, 4100-000, PORTO

 

 

Financial Demonstration SNC

 

Balance Sheet SNC

CoinEUROS

Year:2013

 

2013

2012

2011

% Var.2013/12

 

ASSET

Non-current assets

Tangible fixed assets

564.413,85

565.426,97

577.639,80

(0,18)%

Investment properties

-

-

-

-

Goodwill

-

-

-

-

Intangible assets

12.312,08

4.417,93

3.517,53

178,68%

Biological assets

-

-

-

-

Financial participations - patrimonial equity method

-

-

-

-

Financial participations - other methods

598,56

5.379,76

5.379,76

(88,87)%

Shareholders/partners

-

-

-

-

Other financial assets

6.250,00

-

-

-

Deferred tax assets

1.866,63

6.138,88

11.232,65

(69,59)%

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

-

-

-

-

Total

585.441,12

581.363,54

597.769,74

0,70%

Current assets

Inventories

718.325,60

870.694,99

662.541,49

(17,50)%

Biological assets

-

-

-

-

Costumers

2.852.570,37

3.189.060,01

3.072.101,87

(10,55)%

Advances to suppliers

-

-

-

-

State and other public entities

28.532,35

56.304,89

2.428,29

(49,33)%

Shareholders/partners

-

-

-

-

Other accounts receivable

89.414,12

99.760,74

67.681,86

(10,37)%

Deferrals

4.628,97

4.833,70

6.418,48

(4,24)%

Financial assets held for trading

-

-

-

-

Other financial assets

-

-

-

-

Non-current assets held for sale

-

-

-

-

Other current assets

-

-

-

-

Cashier and bank deposits

260.976,61

148.812,45

145.822,07

75,37%

Total

3.954.448,02

4.369.466,78

3.956.994,06

(9,50)%

TOTAL ASSET

4.539.889,14

4.950.830,32

4.554.763,80

(8,30)%

SHAREHOLDERS FUNDS AND LIABILITIES

SHAREHOLDERS FUNDS

Capital

750.000,00

750.000,00

750.000,00

-

Own shares

-

-

-

-

Other shareholders funds instruments

-

-

-

-

Emission premiuns

-

-

-

-

Legal reserves

112.076,52

104.821,28

81.054,89

6,92%

Other reserves

373.856,96

373.856,96

373.856,96

-

Net retained

586.673,94

448.824,44

278.689,62

30,71%

Adjustments on financial assets

-

-

-

-

Revaluation surplus

-

-

-

-

Other shareholders funds changes

4.924,79

-

-

-

Total

1.827.532,21

1.677.502,68

1.483.601,47

8,94%

Net income for the period

90.336,94

145.104,74

193.901,21

(37,74)%

Antecipated dividends

-

-

-

-

TOTAL OF SHAREHOLDERS FUNDS

1.917.869,15

1.822.607,42

1.677.502,68

5,23%

LIABILITY

Non-current liiabilities

Provisions

-

-

-

-

Financing obtained

520.628,92

265.955,42

344.563,79

95,76%

Responsability for post-employment beneficts

-

-

-

-

Diferred taxes liabilities

-

-

-

-

Other payable accounts

-

-

-

-

Total

520.628,92

265.955,42

344.563,79

95,76%

Current liabilities

Suppliers

1.081.164,19

1.229.185,78

1.099.533,19

(12,04)%

Advances from costumers

-

-

-

-

State and other public entities

87.928,55

100.477,48

94.449,00

(12,49)%

Shareholders/partners

-

-

-

-

Financing obtained

854.758,93

1.463.220,41

1.257.444,89

(41,58)%

Other payable accounts

77.539,40

69.383,81

81.270,25

11,75%

Deferrals

-

-

-

-

Financial liabilities held for trading

-

-

-

-

Other financial liabilities

-

-

-

-

Non-current liabilities held for sale

-

-

-

-

Other current liabilities

-

-

-

-

Total

2.101.391,07

2.862.267,48

2.532.697,33

(26,58)%

TOTAL LIABILITIES

2.622.019,99

3.128.222,90

2.877.261,12

(16,18)%

TOTAL SHAREHOLDERS FUNDS AND LIABILITIES

4.539.889,14

4.950.830,32

4.554.763,80

(8,30)%

INCOME STATEMENT

INCOME AND EXPENSES

Sales and services

7.286.728,95

7.133.906,81

8.217.146,21

2,14%

Operating government grants

10.580,96

6.532,51

-

61,97%

Gains/losses allocated subsidiaries, associates and joint ventures

-

-

-

-

Variation in production inventories

-

-

-

-

Work for the entity itself

-

-

-

-

Cost of goods sold and materials consumed

6.130.799,23

6.033.148,27

6.962.394,94

1,62%

Suppliers and external services

177.636,19

177.386,21

176.138,81

0,14%

Personnel costs

351.757,27

345.745,22

329.980,43

1,74%

Impairment of inventories (losses/revearsals)

-

-

-

-

Impairment of receivables (losses/revearsals)

157.023,55

106.918,90

87.454,87

46,86%

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

53.173,19

46.972,07

58.307,92

13,20%

Other expenses and losses

83.119,01

101.896,94

172.182,43

(18,43)%

Result before depreciation, financing costs and taxes

450.147,85

422.315,85

547.302,65

6,59%

Expenses/reversals of depreciation and amortization

29.085,18

64.255,91

62.259,06

(54,74)%

Impairment of investments depreciable/amortizable (losses/reversals)

-

-

-

-

Operating result (before financing costs and taxes)

421.062,67

358.059,94

485.043,59

17,60%

Interest and similar income obtained

-

-

-

-

interest and similar expenses incurred

277.017,22

192.047,48

209.412,03

44,24%

Net before taxes

144.045,45

166.012,46

275.631,56

(13,23)%

Income tax of the period

53.708,51

20.907,72

81.730,35

156,88%

Net profit for the period

90.336,94

145.104,74

193.901,21

(37,74)%

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

0,047

0,08

0,116

Assets Profitability

0,093

0,072

0,106

Sales Net Profitability

0,012

0,02

0,024

EFFICIENCY RATIOS

Medium Term Receivable

142,888

163,165

136,46

Asset Rotation

1,605

1,441

1,804

PRODUCTIVITY RATIOS

Productivity

3,286

3,184

3,803

SHORT TERM RATIOS

General Liquidity

1,882

1,527

1,562

Reduced Liquidity

1,54

1,222

1,301

Immediate Liquidity

0,124

0,052

0,058

MEDIUM LONG TERM RATIOS

Financial Autonomy

0,422

0,368

0,368

Solvability

0,731

0,583

0,583

Borrowed Capital Structure

0,801

0,915

0,88

General Debt

0,717

0,949

0,955

Medium Long Term Debt

0,271

0,146

0,205

Debt Structure

0,801

0,915

0,88

Capital Structure

3,684

6,853

4,868

Operational and Financial Risk

Operational Leverage Level

2,745

3,074

2,587

Financial Leverage Level

2,923

2,157

1,76

Combined Leverage Level

8,024

6,631

4,553

 

CASH FLOW STATEMENT

 

Rubrics

2013

2012

PERIODS

 

CASH FLOWS FROM OPERATIONAL ACTIVITIES

Customers receipts

7.459.292,33

6.903.799,42

8,05%

Payments to suppliers

6.303.485,48

6.296.505,31

0,11%

Payments to employees

349.980,21

344.137,72

1,70%

Cash at bank generated from operations

805.826,64

263.156,39

206,22%

Payment/receipt of income tax

(21.102,61)

(69.690,55)

69,72%

Other receipts/payments

(2.817,10)

(24.314,30)

88,41%

Cash Flows from Operational Activities (A)

781.906,93

169.151,54

362,25%

CASH FLOWS' INVESTMENT ACTIVITIES

Payments regarding:

Fixed tangible assets

27.692,88

62.881,42

(55,96)%

Intangible assets

9.690,00

2.319,70

317,73%

Financial investments

1.468,80

-

-

Other assets

-

-

-

Receipts from:

Fixed tangible assets

325,00

16.500,00

(98,03)%

Intangible assets

-

-

-

Financial investments

9.607,49

26.005,43

(63,06)%

Other assets

-

-

-

Investment subsidies

-

-

-

Interest and similar income

5.461,93

2.273,15

140,28%

Dividends

-

-

-

Cash Flows' Investments Activities (B)

(23.457,26)

(20.422,54)

(14,86)%

CASH FLOWS' INVESTMENT ACTIVITIES

Receipts from:

Obtained financing

400.000,00

127.167,15

214,55%

Paying-up of capital and other equity instruments

-

-

-

Coverage of losses

-

-

-

Donations

-

-

-

Other financing operations

-

-

-

Payments regarding:

Obtained financing

753.787,98

-

-

Interests and similar expenses

292.497,53

272.905,77

7,18%

Dividends

-

-

-

Capital's redution and other equity instruments

-

-

-

Other financing operations

-

-

-

Cash Flows' Financing Activities ©

(646.285,51)

(145.738,62)

(343,46)%

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

112.164,16

2.990,38

3.650,83%

Effect of exchange differences

-

-

-

Cash at bank and its equivalents at the start of period

148.812,45

145.822,07

2,05%

Cash at bank and its equivalents at the end of period

260.976,61

148.812,45

75,37%

 

CASH FLOWS

 

Movimentos do Periodo de 2013

Rubrics

Initial balance

Debits

Credits

Final balance

 

PERIOD'S CARRYING AMOUNT AND MOVEMENTS

 

Cash in hand

6.547,05

604,09

-

7.151,14

Order deposits

142.265,40

111.560,07

-

253.825,47

Other bank deposits

-

-

-

0,00

Total cash at bank and bank deposits

148.812,45

112.164,16

0,00

260.976,61

Of which: Bank deposits abroad

-

-

-

0,00

 

Rubrics

Value

 

OTHER INFORMATION

 

Receipts from:

 

Non-life insurance claims

-

Operating subsidies

-

Cash at bank and its equivalents not available for use

-

 

ASSETS IMPAIRMENT

 

Movimentos do Periodo de 2013

Impairment losses

Impairment losses reversals

Rubrics

Recognized in profit and loss

On revalued assets recognized in equity

Total

Recognized in profit and loss

Recognized in Equity

Total

 

Individual assets

 

Fixed tangible assets

0,00

-

-

0,00

-

-

Goodwill

0,00

0,00

-

-

0,00

0,00

Intangible assets

0,00

-

-

0,00

-

-

Investment properties (cost model)

0,00

0,00

-

0,00

0,00

-

Investments in progress

0,00

0,00

-

0,00

0,00

-

Financial investments

0,00

0,00

-

0,00

0,00

-

TOTAL

of which: cash-generating units

0,00

0,00

-

0,00

0,00

-

 

GOVERNMENT GRANTS AND GOVERNMENT ASSISTANCE

 

Grants from State and other public bodies

Grants from other entities

Rubrics

Value assigned in the period or in previous periods

Value attributed to the period

Value assigned in the period or in previous periods

Value attributed to the period

 

Grants related to assets/investment:

4.924,79

537,14

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

4.924,79

537,14

0,00

0,00

Development projects

-

-

-

-

Computer programmes

4.924,79

537,14

-

-

Industrial property

-

-

-

-

Others

-

-

-

-

Other assets

-

-

-

-

Grants related to income / operating

-

10.580,96

-

-

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

4.924,79

11.118,10

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

169.551,41

12.527,86

157.023,55

Other receivables

-

-

0,00

Equity instruments and other securities

-

-

0,00

Others

-

-

0,00

TOTAL

169.551,41

12.527,86

157.023,55

 

DEBTS REGISTERED AS DOUBTFUL

 

Rubrics

Value

 

Regarding insolvency and company recovery procedures or enforcement procedures

-

Claimed in court

-

In arrears:

524.767,47

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

32.463,06

Over twenty four months

492.304,41

TOTAL

524.767,47

 

EMPLOYEE BENEFITS, COMPANY EMPLOYEES AND PERSONNEL COSTS

 

Rubrics

Average number of employees

Average number of hours worked

 

Company employees, paid and unpaid

10

18.552

Paid company employees

10

18.552

Company UNPAID employees

0

0

Company employees, by type of working hours

Full time company employees

10

18.552

Of which: Full time company employees

10

18.552

Part time company employees

-

-

Of which: Part time company employees

-

-

Company employees, by gender:

Men

6

11.088

Women

4

7.464

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

351.757,27

Governance Bodies Remuneration

165.124,12

Of which: Profit-sharing

22.840,00

Employees remuneration

120.690,06

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

60.113,71

Insurance for accidents at work and professional diseases

2.786,43

Social security expenses

-

Other staff costs

3.042,95

Of which:

Expenditure on education

2.735,75

Expenditure on uniforms

-

 

INFORMATION BY GEOGRAPHIC MARKETS

 

Geographic markets

Rubrics

Internal

EU

Extra-EU

Total

 

Sales

7.186.723,68

19.061,25

-

7.205.784,93

Services provided

-

-

80.944,02

80.944,02

Purchases

1.610.879,99

1.925.918,85

2.441.631,00

5.978.429,84

Supplies and external services

177.636,19

-

-

177.636,19

Acquisition of fixed tangible assets

27.692,88

-

-

27.692,88

Acquisition of investment properties

-

-

-

0,00

Acquisition of intangible assets

9.690,00

-

-

9.690,00

Supplementary income:

0,00

0,00

0,00

0,00

Social services

-

-

-

0,00

Equipment rental

-

-

-

0,00

Studies, projects and technological assistance

-

-

-

0,00

Royalities

-

-

-

0,00

Others

-

-

-

0,00

Memorandum: Sales and services provided (undiscounted values)

-

-

-

0,00

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

-

-

-

0,00

 

RECEIVABLE AND PAYABLE ACCOUNTS

 

Rubrics

2013

2012

PERIODS

 

Customers

 

Trade accounts receivable

3.205.507,26

3.311.336,48

(3,20)%

Trade notes receivable

171.830,58

245.467,45

(30,00)%

Advances received from customers

-

-

-

Suppliers

Trade accounts payable

740.016,54

863.680,95

(14,32)%

Trade notes payable

341.147,65

365.504,83

(6,66)%

Trade accounts payable - unchecked invoices

-

-

-

Advances to suppliers

-

-

-

Staff

Payable remunerations

-

-

-

Advanced payments

-

-

-

Bonds

-

-

-

Other operations

-

-

-

State and other public sector institutions

Income Tax

9.900,45

-

-

Deductible IVA (debt cumulative amounts)

1.379.387,25

-

-

Paid IVA (credit cumulative amounts)

2.138.957,01

-

-

Shareholders / partners

Shareholders with subscription

-

-

-

Unreleased quotas

-

-

-

Advances for profits

-

-

-

Allocated results

From the perspective of the entity distributing profits

-

-

-

From the perspective of the entity with allocated profits

-

-

-

Available profits

From the perspective of the entity distributing profits

-

-

-

From the perspective of the entity with allocated profits

-

-

-

Granted loans - parent company

-

-

-

Granted loans - subsidiary companies, associated companies and joint ventures

-

-

-

Granted loans - other shareholders/partners

-

-

-

Of which: Participating companies

-

-

-

Other operations

Debit status

-

-

-

Credit status

-

-

-

Other receivable and payable accounts

Investment providers - general accounts

-

-

-

Trade accounts payable - unchecked invoices

-

-

-

Advanced payments to investment providers

-

-

-

additional income - Debtors

-

-

-

additional expenses - Creditors

69.002,59

67.470,37

2,27%

Deferred tax assets

1.866,63

6.138,88

(69,59)%

Deferred tax liabilities

-

-

-

Unreleased subscriptions - Creditors

-

-

-

Advances received on account of sales

-

-

-

Other debtors and creditors

Other debtors

52.586,64

50.408,96

4,32%

Other creditors

2.211,98

1.913,44

15,60%

 

EXPENSE ACCOUNTS

 

Rubrics

2013

2012

PERIODS

 

Supplies and external services

177.636,19

177.386,21

0,14%

Subcontracts

1.559,49

1.136,23

37,25%

Specialized services

94.032,52

96.945,71

(3,00)%

Specialized works

37.391,80

46.827,15

(20,15)%

Of which: Payments to workers placed through agencies

-

-

-

Advertising and promotion

3.449,25

5.326,53

(35,24)%

Surveillance and security

42,00

43,50

(3,45)%

Fees

27.998,33

21.889,86

27,91%

Comissions

-

-

-

Maintenance and repairs

23.327,78

18.557,99

25,70%

Others

1.823,36

4.300,68

(57,60)%

Materials

5.406,04

4.960,21

8,99%

Fast wear tools and utensils

442,24

759,35

(41,76)%

Books and technical documentation

-

-

-

Office material

2.409,64

1.883,77

27,92%

Gift items

2.554,16

2.317,09

10,23%

Others

-

-

-

Energy and fluids

24.431,42

24.878,83

(1,80)%

Electricity

3.683,07

3.193,85

15,32%

Fuels

20.228,67

21.190,92

(4,54)%

Water

519,68

494,06

5,19%

Others

-

-

-

Travel, lodging and transportation

7.179,41

5.398,99

32,98%

Travel and lodging

4.304,33

2.970,49

44,90%

Transport of personnel

-

-

-

Transport of goods

2.875,08

2.428,50

18,39%

Others

-

-

-

Different services

45.027,31

44.066,24

2,18%

Rents and leases

68,40

68,40

0,00%

Of which: Rents from land

-

-

-

Communication

10.340,92

10.045,76

2,94%

Insurance

18.956,62

19.979,29

(5,12)%

Royalties

-

-

-

Litigation and Notaries

760,00

1.154,80

(34,19)%

Representation expenses

6.436,47

4.244,57

51,64%

Cleaning, hygiene and comfort

384,58

443,64

(13,31)%

Other services

8.080,32

8.129,78

(0,61)%

 

Deliberation of Approval of Accounts

 

Were the financial year's accounts approved?

YES

Data da Aprovação: 28-04-2014

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

677.010,88

593.929,18

Allocated results / Available profits

-

-

Percentages or bonuses to managing bodies

-

-

Ditto to staff

-

-

Reserves

4.516,85

7.255,24

Coverage of losses

-

-

7. Others

-

-

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

672.494,03

586.673,94

 

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: 502138394

Was the Legal certification of accounts issued?

YES

Without reservation and without emphasis

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.40

UK Pound

1

Rs.98.94

Euro

1

Rs.70.33

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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.