MIRA INFORM REPORT

 

 

Report No. :

324920

Report Date :

09.06.2015

 

IDENTIFICATION DETAILS

 

Name :

S. ROQUE-MAQUINAS E TECNOLOGIAS LASER SA

 

 

Registered Office :

Rua Das Ribes Nr. 400 4765-774-Oliveira (São Mateus) Vila Nova De Famalicao Braga

 

 

Country :

Portugal

 

 

Financials (as on) :

2013

 

 

Date of Incorporation :

11.04.1983

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Manufacture of machinery for textile, apparel and leather.

 

 

No. of Employee :

236

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

No complaints

 

 

Litigation :

Clear

 

 

NOTES :

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

 

 

ECGC Country Risk Classification List – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

Portugal

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


 

PORTUGAL ECONOMIC OVERVIEW

 

Portugal has become a diversified and increasingly service-based economy since joining the European Community - the EU's predecessor - in 1986. Over the following two decades, successive governments privatized many state-controlled firms and liberalized key areas of the economy, including the financial and telecommunications sectors. The country joined the Economic and Monetary Union (EMU) in 1999 and began circulating the euro on 1 January 2002 along with 11 other EU members. The economy grew by more than the EU average for much of the 1990s, but the rate of growth slowed in 2001-08. The economy contracted in 2009, and fell again from 2011 to 2014, as the government implemented spending cuts and tax increases to comply with conditions of an EU-IMF financial rescue package, signed in May 2011. A modest recovery began in 2013 and gathered steam in in 2014 due to strong export performance and a rebound in private consumption. Although austerity measures were instituted to reduce the large budget deficit, they contributed to record unemployment and a wave of emigration not seen since the 1960s. A continued reduction in private- and public-sector debt could weigh on consumption and investment in 2015, holding back a stronger recovery. The government of Pedro PASSOS COELHO has passed legislation aimed at reducing labor market rigidity, and, this, along sustained fiscal discipline, could make Portugal more attractive to foreign direct investment. The government reduced the budget deficit from 10.1% of GDP in 2009 to 4.8% in 2014, a figure that is significantly higher than the EU-IMF target of 4%. The government has pledged to lower the deficit to under 3% of GDP in 2015 in order to comply with euro-zone fiscal obligations. Legislative elections in 2015 could increase the risk of fiscal slippage and undermine investor confidence in Portugal’s economy, which has improved over the course of the EU-IMF program. The EU-IMF financing program expired in May 2014.

 

Source : CIA

 

 

IDENTIFICATION

 

Name

S. ROQUE-MAQUINAS E TECNOLOGIAS LASER SA

V.A.T. Number / NIF

501617450

Address

Rua Das Ribes Nr. 400

Postal Code

4765-774-OLIVEIRA (SÃO MATEUS)

 

Municipality  VILA NOVA DE FAMALICAO

District

BRAGA

Telephone

252980500, 252980503

Fax

252980501

E-Mail

info@sroque.pt

Web Site

www.sroque.pt

CAE Main

28940- Manufacture of machinery for textile, apparel and leather

 

 

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

04-11-1983

V.A.T. Number / NIF

501617450

Employees

236

Capital

1.010.000,00

Sales in : 31-12-2013

22.970.880,03

Shareholders Funds in: 31-12-2013

15.158.829,55

 

 

Summary of Claims (Last 5 Years)

 

Year

 

Quantity

Total

 

2015

1

30.000,01

2013

1

30.000,01

Total

2

60.000,02

 

 


GOVERNING BODIES

 

Board of Director's

MANUEL DA SILVA CORREIA DE SA                Board of Director's President

MARCO DINIS MARQUES LEBRE                     Administrator

DAVID CALEM FERREIRA                                Administrator

 

Fiscal Board

PRICEWATERHOUSECOOPERS & ASSOCIADOS-SOCIEDADE

DE REVISORES OFICIAIS DE CONTAS LDA                                                     Unique Fiscal

ANTONIO JOAQUIM BROCHADO CORREIA                                                       Fiscal Board Substitute

 

 

LEGAL STRUCTURE

 

Registed on the Register Record Office of Vila Nova de Famalicao with the Register Number 501617450 previous number 1512 in 13-02-1984

Constitution celebrated in 04-11-1983 published on Diário da República number 287 of 15-12-1983

To oblige the company it is necessary 2 signature

 

 

Changes to Society

 

In 25-11-2013 on Portal MJ of 27-11-2013 appointment of board of directors

In 20-11-2013 on Portal MJ of 27-11-2013 resignation of board of directors

In 19-07-2012 on Portal MJ of 21-09-2012 appointment of board of directors

In 08-02-2010 on Portal MJ of 09-02-2010 head office change

In 17-11-2009 on Portal MJ of 14-02-2012 rectification

 

 

CAPITAL

 

The Capital is 1.010.000,00 , divided in 202000 shares , with a nominal value of 5,00

 

 

ACTIVITIES

 

Main CAE         28940- Manufacture of machinery for textile, apparel and leather

 

Business Description

Manufacture of machines, in particular for the textile, apparel and leather industry, processing of metal materials laser, namely cutting and welding using the máquins and laser technology

 

 

Geographic Distribution of Sales

 

Internal Market

 

International Market

 

Year

 

 

 

EU

 

Extra-EU

Total

2013

10.279.139,37

44,75%

958.349,53

4,17%

11.733.391,13

51,08%

22.970.880,03

2012

9.126.705,71

50,96%

1.329.379,62

7,42%

7.452.210,48

41,61%

17.908.295,81

2011

8.601.267,31

55,50%

1.075.148,84

6,94%

5.822.501,24

37,57%

15.498.917,39

2010

7.764.894,18

53,25%

900.567,67

6,18%

5.917.214,14

40,58%

14.582.675,99

 

 

Geographic Distribution of Purchases

 

 

Internal Market

 

International Market

 

Year

 

 

 

EU

Extra-EU

 

Total

2013

7.091.971,51

79,80%

1.377.083,90

15,50%

417.876,46

4,70%

8.886.931,87

2012

8.552.977,64

100,00%

-

-

-

-

8.552.977,64

2011

5.223.822,88

70,41%

1.934.250,74

26,07%

260.908,57

3,52%

7.418.982,19

2010

5.160.021,93

80,31%

1.103.307,66

17,17%

162.003,21

2,52%

6.425.332,80

 

 

BANKS AND FINANCIAL INSTITUTIONS

 

BANCO SANTANDER TOTTA SA

Centro de Empresas 

BANIF - BANCO INTERNACIONAL DO FUNCHAL, SA   Guimarães

Guimarães

MILLENNIUM BCP

Guimarães

NOVO BANCO, SA

Delães

 

 

INCIDENTS

 

Summary of Claims (Last 5 Years)

 

Year

 

Quantity

Total €

2015

1

30.000,01

2013

1

30.000,01

Total

2

60.000,02

 

 

LEGAL ACTIONS

 

Date

Process

Author

Type

Amount

Judicial District

Court

Situation

30-04-2015

159/15.2YHLSB

José Maria Fernandes da

Silva

T-Acção de

Processo Comum

30.000,01

Lisboa - Tribunal da Propriedade

Industrial

 

 

07-10-2013

979/08.4TYLSB

Indústria Metalomecânica das Aves, Lda

O-Ordinária

30.000,01

Santo Tirso -

Tribunal Judicial

 

 

 

 

EMPLOYEES

 

Year

Total

Men

Women

2013

236

223

94%

13

6%

2012

209

197

94%

12

6%

2011

193

181

94%

12

6%

2010

175

166

95%

9

5%

 

 

INSURANCE

 

Companhia de Seguros Fidelidade Mundial

 

 

HEAD OFFICE AND INSTALLATIONS

 

Head office Rua das Ribes, 400, 4765-774, OLIVEIRA (SAO MATEUS), Tel:252980500, Fax:252980501

 

 

FINANCIAL DEMONSTRATION SNC

 

CoinEUROS

 

 

 

Year:2013

 

2013

2012

2011

% Var.2013/12

ASSET

 

 

 

 

Non-current assets

 

 

 

 

Tangible fixed assets

11.519.599,21

8.169.497,21

8.130.540,90

41,01%

Investment properties

-

-

-

-

Goodwill

-

-

-

-

Intangible assets

60.780,39

110.264,52

61.020,29

(44,88)%

Biological assets

-

-

-

-

Financial participations - patrimonial equity method

-

-

-

-

Financial participations - other methods

-

-

-

-

Shareholders/partners

-

-

-

-

Other financial assets

45.075,28

37.500,00

37.500,00

20,20%

Deferred tax assets

106.124,09

304.500,76

-

(65,15)%

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

-

-

-

-

Total

11.731.578,97

8.621.762,49

8.229.061,19

36,07%

Current assets

 

 

 

 

Inventories

2.446.502,35

2.543.353,04

1.948.052,97

(3,81)%

Biological assets

-

-

-

-

Costumers

8.000.283,41

6.018.382,99

5.909.711,35

32,93%

Advances to suppliers

3.737,97

19.721,20

-

(81,05)%

State and other public entities

716.024,46

685.907,31

165.969,65

4,39%

Shareholders/partners

-

-

-

-

Other accounts receivable

16.931,72

4.836,66

23.834,30

250,07%

Deferrals

82.478,35

106.036,84

90.509,81

(22,22)%

Financial assets held for trading

-

-

-

-

Other financial assets

-

-

-

-

Non-current assets held for sale

-

-

-

-

Other current assets

-

-

-

-

Cashier and bank deposits

3.785.938,27

1.368.489,84

1.609.147,45

176,65%

Total

15.051.896,53

10.746.727,88

9.747.225,53

40,06%

TOTAL ASSET

26.783.475,50

19.368.490,37

17.976.286,72

38,28%

 

 

 

 

 

SHAREHOLDERS FUNDS AND LIABILITIES

 

 

 

 

SHAREHOLDERS FUNDS

 

 

 

 

Capital

1.010.000,00

1.010.000,00

1.010.000,00

-

Own shares

-

-

-

-

Other shareholders funds instruments

-

-

-

-

Emission premiuns

-

-

-

-

Legal reserves

210.503,62

210.503,62

210.503,62

-

Other reserves

8.053.609,60

6.082.159,29

3.262.427,02

32,41%

Net retained

38.471,23

911.056,79

1.728.837,89

(95,78)%

Adjustments on financial assets

-

-

-

-

Revaluation surplus

2.087.066,64

2.125.537,87

3.036.594,66

(1,81)%

Other shareholders funds changes

-

-

-

-

Total

11.399.651,09

10.339.257,57

9.248.363,19

10,26%

Net income for the period

3.759.178,46

1.060.393,52

1.090.894,38

254,51%

Antecipated dividends

-

-

-

-

 

 

 

 

 

TOTAL OF SHAREHOLDERS FUNDS

15.158.829,55

11.399.651,09

10.339.257,57

32,98%

LIABILITY

 

 

 

 

Non-current liiabilities

 

 

 

 

Provisions

-

-

-

-

Financing obtained

4.492.907,84

1.253.699,31

1.909.497,82

258,37%

Responsability for post-employment beneficts

-

-

-

-

Diferred taxes liabilities

666.319,43

754.594,75

1.029.811,69

(11,70)%

Other payable accounts

-

-

-

-

Total

5.159.227,27

2.008.294,06

2.939.309,51

156,90%

Current liabilities

 

 

 

 

Suppliers

2.369.060,96

2.626.511,18

2.040.321,35

(9,80)%

Advances from costumers

242.615,25

260.580,82

135.550,70

(6,89)%

State and other public entities

156.990,63

117.564,69

138.798,97

33,54%

Shareholders/partners

-

-

-

-

Financing obtained

1.038.595,29

929.645,99

1.524.267,80

11,72%

Other payable accounts

2.657.356,55

2.025.042,54

857.180,82

31,22%

Deferrals

800,00

1.200,00

1.600,00

(33,33)%

Financial liabilities held for trading

-

-

-

-

Other financial liabilities

-

-

-

-

Non-current liabilities held for sale

-

-

-

-

Other current liabilities

-

-

-

-

Total

6.465.418,68

5.960.545,22

4.697.719,64

8,47%

TOTAL LIABILITIES

11.624.645,95

7.968.839,28

7.637.029,15

45,88%

TOTAL SHAREHOLDERS FUNDS AND LIABILITIES

26.783.475,50

19.368.490,37

17.976.286,72

38,28%

 

 

 

 

 

INCOME STATEMENT

 

 

 

 

INCOME AND EXPENSES

 

 

 

 

Sales and services

22.970.880,03

17.908.295,81

15.498.917,39

28,27%

Operating government grants

4.242,39

-

2.115,47

-

Gains/losses allocated subsidiaries, associates and joint ventures

-

-

-

-

Variation in production inventories

441.933,67

189.024,19

514.617,72

133,80%

Work for the entity itself

-

-

-

-

Cost of goods sold and materials consumed

9.207.368,69

8.146.701,76

7.235.783,92

13,02%

Suppliers and external services

4.320.575,73

2.991.589,08

2.281.753,89

44,42%

Personnel costs

4.413.920,98

3.658.734,91

3.382.249,03

20,64%

Impairment of inventories (losses/revearsals)

218.347,54

-

-

-

Impairment of receivables (losses/revearsals)

214.904,84

116.606,95

124.207,40

84,30%

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

457.527,95

303.055,37

215.237,94

50,97%

Other expenses and losses

164.510,24

229.443,75

135.980,45

(28,30)%

Result before depreciation, financing costs and taxes

5.334.956,02

3.257.298,92

3.070.913,83

63,78%

Expenses/reversals of depreciation and amortization

1.161.426,88

2.509.698,86

1.901.038,89

(53,72)%

Impairment of investments depreciable/amortizable (losses/reversals)

-

-

-

-

Operating result (before financing costs and taxes)

4.173.529,14

747.600,06

1.169.874,94

458,26%

Interest and similar income obtained

-

-

-

-

interest and similar expenses incurred

144.716,88

71.668,72

106.547,08

101,92%

Net before taxes

4.028.812,26

675.931,34

1.063.327,86

496,04%

Income tax of the period

269.633,80

(384.462,18)

(27.566,52)

(170,13)%

Net profit for the period

3.759.178,46

1.060.393,52

1.090.894,38

254,51%

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

0,093

0,106

Assets Profitability

0,156

0,039

0,065

Sales Net Profitability

0,164

0,059

0,07

EFFICIENCY RATIOS

 

 

 

Medium Term Receivable

127,122

122,664

139,174

Asset Rotation

0,858

0,925

0,862

PRODUCTIVITY RATIOS

 

 

 

Productivity

3,118

2,668

2,443

SHORT TERM RATIOS

 

 

 

General Liquidity

2,328

1,803

2,075

Reduced Liquidity

1,95

1,376

1,66

Immediate Liquidity

0,586

0,23

0,343

MEDIUM LONG TERM RATIOS

 

 

 

Financial Autonomy

0,566

0,589

0,575

Solvability

1,304

1,431

1,354

Borrowed Capital Structure

0,556

0,748

0,615

General Debt

0,365

0,192

0,332

Medium Long Term Debt

0,296

0,11

0,185

Debt Structure

0,556

0,748

0,615

Capital Structure

2,938

5,676

3,518

Operational and Financial Risk

 

 

 

Operational Leverage Level

3,298

13,057

7,063

Financial Leverage Level

1,036

1,106

1,1

Combined Leverage Level

3,417

14,441

7,769

 

 

CASH FLOW STATEMENT

 

 

 

Rubrics

2013

2012

PERIODS

CASH FLOWS FROM OPERATIONAL ACTIVITIES

 

 

 

Customers receipts

23.138.778,90

19.784.735,36

16,95%

Payments to suppliers

15.297.958,77

12.882.283,86

18,75%

Payments to employees

4.360.236,23

3.450.447,52

26,37%

Cash at bank generated from operations

3.480.583,90

3.452.003,98

0,83%

Payment/receipt of income tax

(140.855,29)

(346.488,76)

59,35%

Other receipts/payments

510.444,28

(130.156,14)

492,18%

Cash Flows from Operational Activities (A)

3.850.172,89

2.975.359,08

29,40%

CASH FLOWS' INVESTMENT ACTIVITIES

 

 

 

Payments regarding:

 

 

 

Fixed tangible assets

4.765.484,27

1.619.386,23

194,28%

Intangible assets

33.459,87

194.555,85

(82,80)%

Financial investments

15.000,00

-

-

Other assets

-

-

-

Receipts from:

 

 

 

Fixed tangible assets

25.000,00

1.300,00

1.823,08%

Intangible assets

-

-

-

Financial investments

7.500,00

-

-

Other assets

-

-

-

Investment subsidies

-

-

-

Interest and similar income

32.919,21

-

-

Dividends

-

-

-

Cash Flows' Investments Activities (B)

(4.748.524,93)

(1.782.857,73)

(166,34)%

CASH FLOWS' INVESTMENT ACTIVITIES

 

 

 

Receipts from:

 

 

 

Obtained financing

4.575.181,85

94.838,99

4.724,16%

Paying-up of capital and other equity instruments

-

-

-

Coverage of losses

-

-

-

Donations

-

-

-

Other financing operations

-

-

-

Payments regarding:

 

 

 

Obtained financing

1.149.278,83

1.463.648,10

(21,48)%

Interests and similar expenses

110.102,55

64.349,85

71,10%

Dividends

-

-

-

Capital's redution and other equity instruments

-

-

-

Other financing operations

-

-

-

Cash Flows' Financing Activities ©

3.315.800,47

(1.433.158,96)

331,36%

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

2.417.448,43

(240.657,61)

1.104,52%

Effect of exchange differences

-

-

-

Cash at bank and its equivalents at the start of period

1.368.489,84

1.609.147,45

(14,96)%

Cash at bank and its equivalents at the end of period

3.785.938,27

1.368.489,84

176,65%

 

 

CASH FLOWS

 

 

Movimentos do Periodo de 2013

Rubrics

Initial balance

Debits

Credits

Final balance

PERIOD'S CARRYING AMOUNT AND MOVEMENTS

 

 

 

 

Cash in hand

25.000,00

18.923.423,01

18.923.423,01

25.000,00

Order deposits

840.321,73

62.510.678,60

62.387.683,70

963.316,63

Other bank deposits

503.168,11

17.021.841,00

14.727.387,47

2.797.621,64

Total cash at bank and bank deposits

1.368.489,84

98.455.942,61

96.038.494,18

3.785.938,27

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

 

Recognized

in profit and

loss

On revalued

assets

recognized in

equity

Total

Recognized

in profit and

loss

Recognized

in Equity

Total

Rubrics

 

 

 

 

 

 

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

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

-

4.242,39

-

-

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

4.242,39

0,00

0,00

 

 

IMPAIRMENT LOSSES IN FINANCIAL ASSETS AT COST OR AT AMORTIZED COST

 

 

Movimentos do Periodo de 2013

 

Impairment losses

Impairment losses reversals

Total

Receivable debts from customers

242.921,06

28.016,22

214.904,84

Other receivables

--

--

0,00

Equity instruments and other securities

--

--

0,00

Others

--

--

0,00

TOTAL

242.921,06

28.016,22

214.904,84

 

 

DEBTS REGISTERED AS DOUBTFUL

 

Rubrics

Value

Regarding insolvency and company recovery procedures or enforcement procedures

102.997,81

Claimed in court

153.353,94

In arrears:

496.876,33

Over six months and up to twelve months

3.350,60

Over twelve months and up to eighteen months

9.740,35

Over eighteen months and up to twenty four months

16.535,59

Over twenty four months

467.249,79

TOTAL

753.228,08

 

 

EMPLOYEE BENEFITS, COMPANY EMPLOYEES AND PERSONNEL COSTS

 

Rubrics

Average number of employees

Average number of hours worked

 

 

 

Company employees, paid and unpaid

236

458.960

Paid company employees

236

458.960

Company UNPAID employees

0

0

Company employees, by type of working hours

 

 

Full time company employees

236

458.960

Of which: Full time company employees

236

458.960

Part time company employees

0

0

Of which: Part time company employees

0

0

Company employees, by gender:

 

 

Men

223

435.054

Women

13

23.906

Company employees, of which:

 

 

Company employees assigned to Research and Development

26

-

Service providers

2

546

People placed through temporary employment agencies

-

-

 

 

STAFF COSTS

 

Rubrics

Value

Staff costs

4.413.920,98

Governance Bodies Remuneration

283.310,39

Of which: Profit-sharing

-

Employees remuneration

3.187.701,84

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

708.557,44

Insurance for accidents at work and professional diseases

44.421,27

Social security expenses

-

Other staff costs

189.930,04

Of which:

 

Expenditure on education

3.407,00

Expenditure on uniforms

3.209,14

 

 

INFORMATION BY GEOGRAPHIC MARKETS

 

 

Geographic markets

Rubrics

 

Internal

EU

Extra-EU

Total

Sales

10.212.356,03

958.052,53

11.710.164,13

22.880.572,69

Services provided

66.783,34

297,00

23.227,00

90.307,34

Purchases

7.091.971,51

1.377.083,90

417.876,46

8.886.931,87

Supplies and external services

2.747.717,39

290.462,51

1.282.395,83

4.320.575,73

Acquisition of fixed tangible assets

4.038.705,16

54.315,34

350.000,00

4.443.020,50

Acquisition of investment properties

-

-

-

0,00

Acquisition of intangible assets

25.513,27

-

-

25.513,27

Supplementary income:

4.089,51

0,00

0,00

4.089,51

Social services

-

-

-

0,00

Equipment rental

-

-

-

0,00

Studies, projects and technological assistance

-

-

-

0,00

Royalities

-

-

-

0,00

Others

4.089,51

-

-

4.089,51

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

8.753.511,49

6.018.382,99

45,45%

Trade notes receivable

-

-

-

Advances received from customers

-

-

-

Suppliers

 

 

 

Trade accounts payable

2.369.060,96

2.626.511,18

(9,80)%

Trade notes payable

-

-

-

Trade accounts payable - unchecked invoices

-

-

-

Advances to suppliers

3.737,97

19.721,20

(81,05)%

Staff

 

 

 

Payable remunerations

-

-

-

Advanced payments

-

-

-

Bonds

-

-

-

Other operations

-

-

-

State and other public sector institutions

 

 

 

Income Tax

200.662,24

219.339,18

(8,52)%

Deductible IVA (debt cumulative amounts)

3.993.612,59

2.946.976,63

35,52%

Paid IVA (credit cumulative amounts)

3.243.518,00

2.550.790,08

27,16%

Shareholders / partners

 

 

 

Shareholders with subscription

-

-

-

Unreleased quotas

-

-

-

Advances for profits

-

-

-

Allocated results

 

 

 

From the perspective of the entity distributing profits

-

-

-

From the perspective of the entity with allocated profits

-

-

-

Available profits

 

 

 

From the perspective of the entity distributing profits

-

-

-

From the perspective of the entity with allocated profits

-

-

-

Granted loans - parent company

-

-

-

Granted loans - subsidiary companies, associated companies

 

 

 

 

-

-

-

and joint ventures

 

 

 

Granted loans - other shareholders/partners

-

-

-

Of which: Participating companies

-

-

-

Other operations

 

 

 

Debit status

-

-

-

Credit status

-

-

-

Other receivable and payable accounts

 

 

 

Investment providers - general accounts

1.656.878,97

1.175.428,93

40,96%

Trade accounts payable - unchecked invoices

-

82.100,00

-

Advanced payments to investment providers

-

-

-

additional income - Debtors

7.411,72

189,25

3.816,36%

additional expenses - Creditors

938.806,22

767.108,31

22,38%

Deferred tax assets

106.124,09

304.500,76

(65,15)%

Deferred tax liabilities

666.319,43

754.594,75

(11,70)%

Unreleased subscriptions - Creditors

-

-

-

Advances received on account of sales

242.615,25

260.580,82

(6,89)%

Other debtors and creditors

 

 

 

Other debtors

-

-

-

Other creditors

-

-

-

 

 

EXPENSE ACCOUNTS

 

Rubrics

 

2013

2012

PERIODS

Supplies and external services

4.320.575,73

2.991.589,08

44,42%

Subcontracts

338.782,37

219.014,64

54,68%

Specialized services

2.486.530,55

1.462.984,79

69,96%

Specialized works

937.247,99

405.862,88

130,93%

Of which: Payments to workers placed through agencies

-

-

-

Advertising and promotion

203.897,03

105.924,86

92,49%

Surveillance and security

20.324,10

18.182,89

11,78%

Fees

61.410,79

14.296,10

329,56%

Comissions

856.719,83

426.549,34

100,85%

Maintenance and repairs

406.930,81

492.168,72

(17,32)%

Others

-

-

-

Materials

215.285,39

162.658,45

32,35%

Fast wear tools and utensils

154.904,11

118.542,18

30,67%

Books and technical documentation

166,04

158,49

4,76%

Office material

23.157,73

23.641,15

(2,04)%

Gift items

35.941,99

19.348,07

85,77%

Others

1.115,52

968,56

15,17%

Energy and fluids

493.997,93

447.922,29

10,29%

Electricity

334.807,50

293.668,88

14,01%

Fuels

110.564,19

112.643,90

(1,85)%

Water

3.797,10

192,74

1.870,06%

Others

44.829,14

41.416,77

8,24%

Travel, lodging and transportation

531.640,65

468.486,20

13,48%

Travel and lodging

179.163,87

196.326,55

(8,74)%

Transport of personnel

-

-

-

Transport of goods

352.476,78

272.159,65

29,51%

Others

-

-

-

Different services

254.338,84

230.522,71

10,33%

Rents and leases

39.998,99

22.649,63

76,60%

Of which: Rents from land

-

-

-

Communication

44.959,39

43.020,40

4,51%

Insurance

64.130,67

59.583,80

7,63%

Royalties

-

-

-

Litigation and Notaries

705,30

1.477,30

(52,26)%

Representation expenses

74.480,03

75.497,48

(1,35)%

Cleaning, hygiene and comfort

22.183,40

18.434,96

20,33%

Other services

7.881,06

9.859,14

(20,06)%

 

 

DELIBERATION OF APPROVAL OF ACCOUNTS

 

Were the financial year's accounts approved?

YES

Data da Aprovação: 09-05-2014

By (Unanimity/Majority):

Unanimity

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

100

The accounts were approved:

In 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

3.797.649,69

1.971.450,31

Allocated results / Available profits

-

-

Percentages or bonuses to managing bodies

-

-

Ditto to staff

-

-

Reserves

3.797.649,69

1.971.450,31

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?

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: 506628752

Was the Legal certification of accounts issued?

YES

With reserves

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.64.11

UK Pound

1

Rs.97.84

Euro

1

Rs.71.12

 

 

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%)

 

 

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.