|
Report No. : |
320391 |
|
Report Date : |
02.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
MODELO CONTINENTE HIPERMERCADOS SA |
|
|
|
|
Registered Office : |
Rua João De Mendonça, 505, 4464-503-Senhora Da Hora, Matosinhos, Porto |
|
|
|
|
Country : |
Portugal |
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
|
Date of Incorporation : |
25.02.1988 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Retail and wholesaler, operating shopping centers, department stores, delicatessens, bakeries, cafes, restaurants, bakeries, butchers, jewelers and watch stores, and even the confectionery industry, bakery, deli and other small industries, distribution of free service, import of all goods destined for retail trade, editing, production and distribution of books and other publications, slaughter industry, processing, preparation, processing, refrigeration, storage, packaging, distribution, wholesale or retail meat based products meats, all kinds of fish and fish-based products, other food products and even import and export, import and marketing of products not subject to medical prescription, and ancillary service in the retail area and wholesale to other self-service outlets, as well as the further promotion, development and property management, purchase and sale of own or other real estate and resale of those acquired for this purpose and renting property and also the provision of services in the area of physical well-being , including health and beauty |
|
|
|
|
No. of Employees : |
21383 |
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 |
|
Name |
MODELO CONTINENTE HIPERMERCADOS SA |
|
V.A.T. Number / NIF |
502011475 |
|
Denomination |
Continente |
|
Address |
Rua João de Mendonça, 505 |
|
Postal Code |
4464-503-SENHORA DA HORA |
|
Municipality |
MATOSINHOS |
|
District |
PORTO |
|
Telephone |
229561600 |
|
Fax |
229561067 |
|
E-Mail |
public.relations@sonaedistribuicao.pt |
|
Web Site |
http://www.sonae.pt/pt/ |
|
CAE Main |
47111- Retail sale in supermarkets and
hypermarkets |
|
CAE Secondary |
96022- Beauty Shop |
|
CAE Secondary |
56107- Restaurants, n.d (includes restoration
of activities in mobile media) |
|
2011 |
2012 |
2013 |
|
|
Net Sales |
3.166.549.427,94 |
3.100.188.068,36 |
3.333.908.916,62 |
|
Net Income For
the Year |
10.747.006,49 |
36.242.734,90 |
68.163.648,36 |
|
Shareholders
Funds |
284.237.141,39 |
309.864.008,52 |
268.420.848,44 |
|
Stocks |
229.697.327,04 |
196.140.685,75 |
246.007.382,32 |
|
LIABILITY |
1.680.898.640,15 |
1.720.798.547,35 |
1.805.518.644,22 |
|
ASSETS |
1.965.135.781,54 |
2.030.662.555,87 |
2.073.939.492,66 |
Consulted sources say that the subject has been respecting its payments and commercial commitments, so credit connections with this company are recommended.
|
Legal Form |
Joint Stock Company |
|
Constitution |
25-02-1988 |
|
V.A.T. Number / NIF
|
502011475 |
|
Employees |
21383 |
|
Capital |
179.360.000,00 |
|
Sales in :
31-12-2013 |
3.333.908.916,62 |
|
Shareholders Funds
in: 31-12-2013 |
268.420.848,44 |
|
Year |
Quantity |
Total |
|
€ |
||
|
2015 |
4 |
517.957,80 |
|
2014 |
21 |
782.306,41 |
|
2013 |
22 |
858.563,27 |
|
2012 |
23 |
568.921,75 |
|
2011 |
22 |
758.983,70 |
|
Total |
92 |
3.486.732,93 |
|
Board of Director's |
|
|
MARIA INES MARTINS VALADAS |
Administrator |
|
EUNICE CARLA PINTO DA COSTA DA SILVA CORREIA DE LACERDA |
Administrator |
|
DAVID PEDRO DE OLIVEIRA PARENTE FERREIRA ALVES |
Administrator |
|
ANDRE MIGUEL DE CARVALHO E SOUSA |
Administrator |
|
MIGUEL OLIVEIRA DA COSTA SEIXAS |
Administrator |
|
JOAO ANTONIO PALMEIRA PEREIRA AFONSO |
Administrator |
|
LUIS ANTONIO VICENTE DIAS |
Administrator |
|
JOSE FERNANDO DE OLIVEIRA DE CORTE REAL |
Administrator |
|
MANUEL JOSE FERREIRA FONTOURA |
Administrator |
|
RUI MANUEL TEIXEIRA SOARES DE ALMEIDA |
Administrator |
|
JOSE MANUEL CARDOSO FORTUNATO |
Administrator |
|
LUIS MIGUEL MESQUITA SOARES MOUTINHO |
Board of Director's President |
|
JOAO NONELL GUNTHER AMARAL |
Administrator |
|
DOMINGOS MIGUEL SEQUEIRA DE ALMEIDA |
Administrator |
|
Fiscal Board |
|
|
DELOITTE & ASSOCIADOS, SROC SA |
Unique Fiscal |
|
PAULO ALEXANDRE ROCHA SILVA GASPAR |
Fiscal Board Substitute |
|
Registed on the Register Record Office of Matosinhos with the Register
Number 502011475 previous number 45385 in 22-03-1989 |
|
Constitution celebrated in 25-02-1988 published on Diário da República
number 128 of 03-06-1988 |
|
To oblige the company it is necessary 2 signature |
Changes to Society
|
In 15-01-2015 on Portal MJ of 21-01-2015 board of director's change |
|
In 06-06-2014 on Portal MJ of 06-06-2014 resignation of board of
directors |
|
In 27-05-2014 on Portal MJ of 06-06-2014 appointment of board of
directors |
|
In 23-04-2014 on Portal MJ of 24-04-2014 resignation of board of
directors |
|
In 31-03-2014 on Portal MJ of 24-04-2014 appointment of board of
directors |
The Capital is 179.360.000,00 , divided in 35872000 shares , with a
nominal value of 5,00
with the following shareholders
|
SONAE INVESTIMENTOS- SGPS SA |
179.360.000,00 |
100% |
|
NAME |
SONAE INVESTIMENTOS- SGPS SA |
|
Funtion |
Shareholder |
|
Address |
Rua João Mendonça, nº 529 |
|
Locality |
4460-334 SENHORA DA HORA |
|
Telephone |
229561943 |
|
Fax |
229561903 |
|
E-Mail |
smsampaio@sonaedistribuicao.pt |
|
C.A.E. |
64202- Activities of a holding company non-financial |
|
Main CAE |
47111- Retail sale in supermarkets and hypermarkets |
|
96022- Beauty Shop |
|
|
56107- Restaurants, n.d (includes restoration of activities in mobile
media) |
Retail and wholesaler, operating shopping centers, department stores, delicatessens, bakeries, cafes, restaurants, bakeries, butchers, jewelers and watch stores, and even the confectionery industry, bakery, deli and other small industries, distribution of free service, import of all goods destined for retail trade, editing, production and distribution of books and other publications, slaughter industry, processing, preparation, processing, refrigeration, storage, packaging, distribution, wholesale or retail meat based products meats, all kinds of fish and fish-based products, other food products and even import and export, import and marketing of products not subject to medical prescription, and ancillary service in the retail area and wholesale to other self-service outlets, as well as the further promotion, development and property management, purchase and sale of own or other real estate and resale of those acquired for this purpose and renting property and also the provision of services in the area of physical well-being , including health and beauty
|
Type of Clients |
|||
|
Sales Conditions |
Geographic Distribution of Sales
|
Internal Market |
International Market |
|
Year |
EU |
Extra-EU |
Total |
|
2013 |
3.322.899.029,94 |
99,67% |
10.306.900,00 |
0,31% |
702.986,68 |
0,02% |
3.333.908.916,62 |
|
|
2012 |
3.093.757.619,17 |
99,79% |
6.194.494,28 |
0,20% |
235.954,91 |
0,01% |
3.100.188.068,36 |
|
|
2011 |
3.160.220.142,89 |
99,80% |
6.114.032,38 |
0,19% |
215.252,67 |
0,01% |
3.166.549.427,94 |
|
|
2010 |
3.127.689.622,49 |
99,85% |
4.526.174,05 |
0,14% |
219.620,77 |
0,01% |
3.132.435.417,31 |
Geographic Distribution of Purchases
|
Internal Market |
International Market |
|
Year |
EU |
Extra-EU |
Total |
|
2013 |
2.339.713.289,86 |
84,82% |
395.216.453,46 |
14,33% |
23.356.803,53 |
0,85% |
2.758.286.546,85 |
|
|
2012 |
2.098.490.803,43 |
84,06% |
355.746.599,37 |
14,25% |
42.185.335,71 |
1,69% |
2.496.422.738,51 |
|
|
2011 |
2.166.372.322,91 |
83,81% |
356.122.329,17 |
13,78% |
62.393.216,61 |
2,41% |
2.584.887.868,69 |
|
|
2010 |
2.052.682.693,27 |
80,80% |
361.475.539,21 |
14,23% |
126.235.866,05 |
4,97% |
2.540.394.098,53 |
Trade Marks
|
Sonae |
|
Bom Bocado |
|
Note! |
|
Continente |
|
Continente Bom Dia |
|
Continente Ice |
|
Continente Modelo |
|
Geostar |
|
MDS |
|
MO |
|
Meu Super |
|
Pet&Plants |
|
Sport Zone |
|
Well´s |
|
Worten |
|
Worten Mobile |
|
Zippy |
|
Sonae Sierra |
|
Sonaecom |
|
Continente |
|
Modelo Bonjour |
|
Modelo |
|
MILLENNIUM BCP |
Rua Júlio Dinis - Porto |
|
BANCO SANTANDER TOTTA SA |
Avenida dos Aliados - Porto |
|
NOVO BANCO, SA |
Avenida dos Aliados - Porto |
|
CAIXA GERAL DE DEPOSITOS, SA |
Sede |
|
BANCO BILBAO VIZCAYA ARGENTARIA (PORTUGAL), SA |
Avenida dos Aliados - Porto |
|
BANCO BPI, SA |
Avenida dos Aliados - Porto |
Summary of Claims (Last 5 Years)
|
Year |
Quantity |
Total |
|
€ |
||
|
2015 |
4 |
517.957,80 |
|
2014 |
21 |
782.306,41 |
|
2013 |
22 |
858.563,27 |
|
2012 |
23 |
568.921,75 |
|
2011 |
22 |
758.983,70 |
|
Total |
92 |
3.486.732,93 |
|
Date |
Process |
Author |
Type |
Amount |
Judicial District |
Court |
Situation |
|
07-04-2015 |
8675/15.0T8PRT |
Aida Maria
Mendonça Vilas Boas |
T-Acção de Processo Comum |
30.100,00 |
Comarca do Porto-Porto-UC |
||
|
13-03-2015 |
774/15.4T8STR |
Lúcia Rosa
Rodrigues Gonçalves |
T-Acção de Processo Comum |
4.435,49 |
Comarca de Santarém-Santarém-UC |
||
|
13-03-2015 |
774/15.4T8STR |
Ana Cristina
Carmo Carapinha Pinto |
T-Acção de Processo Comum |
4.435,49 |
Comarca de Santarém-Santarém-UC |
||
|
28-01-2015 |
191048/14.8YIPRT |
Quinta da
Veiguinha - Queijaria Artesanal, Lda |
T-Acção de Processo Comum |
43.052,65 |
Comarca de Bragança-Mirandela-UC |
||
|
20-01-2015 |
227/15.0T8STR |
Renoldy –
Produção e Comercialização de Leite e Produtos Lácteos, Sa |
T-Acção de Processo Comum |
440.369,66 |
Comarca de Santarém-Santarém-UC |
||
|
19-12-2014 |
1697/14.0T8VCT |
Fernando Ricardo
Fernandes Pereira |
T-Acção de Processo Comum |
13.981,29 |
Comarca de Viana do Castelo-Viana do Castelo-UC |
||
|
11-11-2014 |
355/14.0T8CVL |
Nuno João Pinto
Gonçalves |
T-Acção de Processo Comum |
74,90 |
Comarca de Castelo Branco-Covilhã-UC |
||
|
06-11-2014 |
146057/14.1YIPRT |
Massa Insolvente
Newalban - Soluções Para Empresas, S.A. |
C-Especial Cump.Obrig. Pecuniarias DL 269/98 |
6.814,33 |
Comarca de Lisboa-Lisboa-UC |
||
|
06-11-2014 |
143476/14.7YIPRT |
Massa Insolvente
Newalban - Soluções Para Empresas, S.A. |
C-Especial Cump.Obrig. Pecuniarias DL 269/98 |
747,35 |
Comarca de Lisboa-Lisboa-UC |
||
|
06-11-2014 |
143512/14.7YIPRT |
Massa Insolvente
Newalban - Soluções Para Empresas, S.A. |
C-Especial Cump.Obrig. Pecuniarias DL 269/98 |
13.320,62 |
Comarca de Lisboa-Lisboa-UC |
The subject regists more 96 incidents between the dates 29-04-2010and
06-11-2014
|
Year |
Total |
Men |
Women |
|
2013 |
21.383 |
6.506 |
30% |
14.877 |
70% |
|
2012 |
19.496 |
5.863 |
30% |
13.633 |
70% |
|
2011 |
20.077 |
6.047 |
30% |
14.030 |
70% |
|
2010 |
18.536 |
5.712 |
31% |
12.824 |
69% |
Companhia de Seguros Fidelidade Mundial
|
Shop Rua Particular de Santo António, Santa Marinha, 4400, VILA NOVA DE
GAIA, Tel:223701010, Fax:223701019 |
|
Shop Avenida Regimento de Infantaria, 13, 5000, VILA REAL,
Tel:259321672, Fax:259321565 |
|
Head office and office Rua João Mendonça, 505, 4460, SENHORA DA HORA ,
Tel:229561000, Fax:229561318 |
|
Shop Alameda Dr. Mariano Felgueiras, 4810-106, GUIMARAES,
Tel:253422200, Fax:253514751 |
|
Shop Lugar de Aldergães, 4425, AGUAS SANTAS MAI, Tel:229770200,
Fax:229770204 |
|
Shop Rua João MendonAa, 505, 4460, SENHORA DA HORA , Tel:229561000,
Fax:229532676 |
|
Shop Quinta do Ameal, 4900-204, MEADELA, Tel:258819100, Fax:258842084 |
|
Event |
General Description |
|
Merge |
A 29 de Março de 2007, fusão por incorporação mediante a transferência
global do património das firmas Modis-Distribuição Centralizada SA,
Cacetinho-Comércio Retalhista e Exploração de Centros Comerciais SA,
O.K.-Comércio Geral SA e da SRE-Projectos e Consultoria SA, na titular. |
|
Scission |
A 26 de Março de 2010 cisão simples, mediante destaque de parte do
património da titular na firma SONAE CENTER SERVIÇOS II S A. |
|
Scission |
A 28 de Maio de 2010, cisão mediante destaque de parte do património
da titular, para as firmas Inventory-Acessórios de Casa SA, Edições Book.It-SA,
Pharmacontinente-Saúde e Higiene SA e BB Food Service SA. |
|
Scission |
A 28 de Março de 2014, Cisão-Fusão mediante destaque de parte do
património da titular, para a constituição da SDSR-Sports Division 2 SA. |
|
Merge |
A 28 de Março de 2013, fusão por incorporação mediante a transferência
global do património das firmas Carnes do Continente-Indústria e Distribuição
de Carnes SA, Edições Book.It SA, Estevão Neves-Hipermercados da Madeira SA,
Peixes do Continente-Indústria e Distribuição de Peixes SA, e da Todos os
Dias-Comércio Retalhista e Exploração de Centros Comerciais SA, para a
titular. |
|
Balance Sheet
SNC |
||
|
CoinEUROS |
Year:2013 |
|
|
2013 |
2012 |
2011 |
% Var.2013/12 |
|
ASSET |
||||
|
Non-current assets |
||||
|
Tangible fixed assets |
241.105.643,63 |
225.886.789,28 |
223.027.302,88 |
6,74% |
|
Investment properties |
- |
- |
- |
- |
|
Goodwill |
148.707.086,09 |
144.692.845,96 |
144.692.845,96 |
2,77% |
|
Intangible assets |
2.922.137,56 |
3.698.537,20 |
4.761.369,77 |
(20,99)% |
|
Biological assets |
- |
- |
- |
- |
|
Financial participations - patrimonial equity method |
- |
- |
- |
- |
|
Financial participations - other methods |
711.206.081,66 |
678.706.081,66 |
628.651.448,98 |
4,79% |
|
Shareholders/partners |
- |
- |
- |
- |
|
Other financial assets |
45.285.331,44 |
44.576.381,89 |
43.292.000,11 |
1,59% |
|
Deferred tax assets |
62.760.889,16 |
62.347.936,36 |
59.255.311,38 |
0,66% |
|
Financial investments(exclusive use by small entities and micro
entities) |
- |
- |
- |
- |
|
Total |
1.211.987.169,54 |
1.159.908.572,35 |
1.103.680.279,08 |
4,49% |
|
Current assets |
||||
|
Inventories |
246.007.382,32 |
196.140.685,75 |
229.697.327,04 |
25,42% |
|
Biological assets |
- |
- |
- |
- |
|
Costumers |
83.240.456,09 |
81.021.760,24 |
118.087.660,45 |
2,74% |
|
Advances to suppliers |
7.154,06 |
7.184,98 |
561.096,44 |
(0,43)% |
|
State and other public entities |
23.604,43 |
29.835,52 |
20.378,31 |
(20,88)% |
|
Shareholders/partners |
424.061.673,23 |
505.670.124,83 |
389.637.449,76 |
(16,14)% |
|
Other accounts receivable |
68.799.013,33 |
42.068.329,00 |
60.844.659,97 |
63,54% |
|
Deferrals |
13.701.197,11 |
12.593.113,40 |
11.775.739,23 |
8,80% |
|
Financial assets held for trading |
8.822,15 |
1.609,34 |
592.446,17 |
448,18% |
|
Other financial assets |
- |
- |
- |
- |
|
Non-current assets held for sale |
- |
- |
- |
- |
|
Other current assets |
- |
- |
- |
- |
|
Cashier and bank deposits |
26.103.020,40 |
33.221.340,46 |
50.238.745,09 |
(21,43)% |
|
Total |
861.952.323,12 |
870.753.983,52 |
861.455.502,46 |
(1,01)% |
|
TOTAL ASSET |
2.073.939.492,66 |
2.030.662.555,87 |
1.965.135.781,54 |
2,13% |
|
SHAREHOLDERS FUNDS AND LIABILITIES |
||||
|
SHAREHOLDERS FUNDS |
||||
|
Capital |
179.360.000,00 |
178.500.000,00 |
178.500.000,00 |
0,48% |
|
Own shares |
- |
- |
- |
- |
|
Other shareholders funds instruments |
4.909.788,25 |
4.909.788,25 |
4.909.788,25 |
- |
|
Emission premiuns |
- |
- |
- |
- |
|
Legal reserves |
4.865.000,00 |
3.050.000,00 |
2.500.000,00 |
59,51% |
|
Other reserves |
6.638.920,47 |
82.691.141,16 |
82.691.141,16 |
(91,97)% |
|
Net retained |
- |
(1,54) |
(27,27) |
- |
|
Adjustments on financial assets |
- |
- |
- |
- |
|
Revaluation surplus |
4.485.929,94 |
4.485.929,94 |
4.485.928,40 |
- |
|
Other shareholders funds changes |
(2.438,58) |
(15.584,19) |
403.304,36 |
(84,35)% |
|
Total |
200.257.200,08 |
273.621.273,62 |
273.490.134,90 |
(26,81)% |
|
Net income for the period |
68.163.648,36 |
36.242.734,90 |
10.747.006,49 |
88,08% |
|
Antecipated dividends |
- |
- |
- |
- |
|
TOTAL OF SHAREHOLDERS FUNDS |
268.420.848,44 |
309.864.008,52 |
284.237.141,39 |
(13,37)% |
|
LIABILITY |
||||
|
Non-current liiabilities |
||||
|
Provisions |
- |
- |
- |
- |
|
Financing obtained |
764.017,61 |
1.495.895,56 |
2.000.239,55 |
(48,93)% |
|
Responsability for post-employment beneficts |
- |
- |
- |
- |
|
Diferred taxes liabilities |
25.128.062,07 |
23.725.670,08 |
22.481.466,79 |
5,91% |
|
Other payable accounts |
1.027.033,23 |
529.510,55 |
294.249,24 |
93,96% |
|
Total |
26.919.112,91 |
25.751.076,19 |
24.775.955,58 |
4,54% |
|
Current liabilities |
||||
|
Suppliers |
699.882.379,51 |
663.399.218,40 |
724.427.243,10 |
5,50% |
|
Advances from costumers |
- |
- |
9.024,99 |
- |
|
State and other public entities |
15.831.357,50 |
16.869.842,71 |
13.406.201,38 |
(6,16)% |
|
Shareholders/partners |
69.466.014,65 |
56.437.599,53 |
9.987.488,99 |
23,08% |
|
Financing obtained |
830.190.077,16 |
821.689.168,97 |
773.493.804,99 |
1,03% |
|
Other payable accounts |
160.812.552,21 |
134.660.260,37 |
132.073.706,43 |
19,42% |
|
Deferrals |
2.383.505,02 |
1.968.360,31 |
2.704.294,27 |
21,09% |
|
Financial liabilities held for trading |
33.645,26 |
23.020,87 |
20.920,42 |
46,15% |
|
Other financial liabilities |
- |
- |
- |
- |
|
Non-current liabilities held for sale |
- |
- |
- |
- |
|
Other current liabilities |
- |
- |
- |
- |
|
Total |
1.778.599.531,31 |
1.695.047.471,16 |
1.656.122.684,57 |
4,93% |
|
TOTAL LIABILITIES |
1.805.518.644,22 |
1.720.798.547,35 |
1.680.898.640,15 |
4,92% |
|
TOTAL SHAREHOLDERS FUNDS AND LIABILITIES |
2.073.939.492,66 |
2.030.662.555,87 |
1.965.135.781,54 |
2,13% |
|
INCOME STATEMENT |
||||
|
INCOME AND EXPENSES |
||||
|
Sales and services |
3.333.908.916,62 |
3.100.188.068,36 |
3.166.549.427,94 |
7,54% |
|
Operating government grants |
285.498,12 |
- |
45.108,84 |
- |
|
Gains/losses allocated subsidiaries, associates and joint ventures |
1.430,85 |
435,78 |
- |
228,34% |
|
Variation in production inventories |
- |
- |
- |
- |
|
Work for the entity itself |
- |
- |
- |
- |
|
Cost of goods sold and materials consumed |
2.717.512.625,62 |
2.527.058.203,06 |
2.578.529.929,84 |
7,54% |
|
Suppliers and external services |
496.416.576,37 |
463.329.427,93 |
465.036.621,75 |
7,14% |
|
Personnel costs |
301.789.350,81 |
270.990.518,97 |
283.059.786,39 |
11,37% |
|
Impairment of inventories (losses/revearsals) |
(2.232.154,79) |
(2.020.181,38) |
7.852.039,99 |
10,49% |
|
Impairment of receivables (losses/revearsals) |
(130.695,48) |
(539.979,26) |
2.325.002,92 |
(75,80)% |
|
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 |
353.619.741,07 |
335.815.870,84 |
333.031.792,96 |
5,30% |
|
Other expenses and losses |
86.597.701,87 |
78.980.587,08 |
82.426.259,38 |
9,64% |
|
Result before depreciation, financing costs and taxes |
87.862.182,26 |
98.205.798,58 |
80.396.689,47 |
(10,53)% |
|
Expenses/reversals of depreciation and amortization |
62.044.142,43 |
54.365.799,14 |
56.821.607,94 |
14,12% |
|
Impairment of investments depreciable/amortizable (losses/reversals) |
4.847.812,63 |
- |
- |
- |
|
Operating result (before financing costs and taxes) |
20.970.227,20 |
43.839.999,44 |
23.575.081,53 |
(52,17)% |
|
Interest and similar income obtained |
77.865.481,33 |
24.710.829,21 |
8.884.091,34 |
215,11% |
|
interest and similar expenses incurred |
29.604.068,93 |
22.852.088,60 |
23.585.881,89 |
29,55% |
|
Net before taxes |
69.231.639,60 |
45.698.740,05 |
8.873.290,98 |
51,50% |
|
Income tax of the period |
1.067.991,24 |
9.456.005,15 |
(1.873.715,51) |
(88,71)% |
|
Net profit for the period |
68.163.648,36 |
36.242.734,90 |
10.747.006,49 |
88,08% |
|
Results of discontinued operations (net of taxes) included in the net
icome of the period |
- |
- |
- |
- |
|
Closing Date |
2013 |
2012 |
2011 |
|
|
||||||
|
TURNOVER RATIOS |
||||||
|
Shareholder's Funds Profitability |
0,254 |
0,117 |
0,038 |
|||
|
Assets Profitability |
0,01 |
0,022 |
0,012 |
|||
|
Sales Net Profitability |
0,02 |
0,012 |
0,003 |
|||
|
EFFICIENCY RATIOS |
||||||
|
Medium Term Receivable |
9,113 |
9,539 |
13,612 |
|||
|
Asset Rotation |
1,608 |
1,527 |
1,611 |
|||
|
PRODUCTIVITY RATIOS |
||||||
|
Productivity |
2,042 |
2,115 |
2,077 |
|||
|
SHORT TERM RATIOS |
||||||
|
General Liquidity |
0,485 |
0,514 |
0,52 |
|||
|
Reduced Liquidity |
0,346 |
0,398 |
0,381 |
|||
|
Immediate Liquidity |
0,015 |
0,02 |
0,03 |
|||
|
MEDIUM LONG TERM RATIOS |
||||||
|
Financial Autonomy |
0,129 |
0,153 |
0,145 |
|||
|
Solvability |
0,149 |
0,18 |
0,169 |
|||
|
Borrowed Capital Structure |
0,985 |
0,985 |
0,985 |
|||
|
General Debt |
3,096 |
2,657 |
2,728 |
|||
|
Medium Long Term Debt |
0,003 |
0,005 |
0,007 |
|||
|
Debt Structure |
0,985 |
0,985 |
0,985 |
|||
|
Capital Structure |
9,971 |
12,033 |
11,472 |
|||
|
Operational and Financial Risk |
||||||
|
Operational Leverage Level |
29,394 |
13,073 |
24,942 |
|||
|
Financial Leverage Level |
0,303 |
0,959 |
2,657 |
|||
|
Combined Leverage Level |
8,906 |
12,537 |
66,271 |
|||
|
Rubrics |
2013 |
2012 |
PERIODS |
|
CASH FLOWS FROM OPERATIONAL ACTIVITIES |
|||
|
Customers receipts |
3.259.659.461,67 |
3.048.913.616,97 |
6,91% |
|
Payments to suppliers |
2.893.315.986,98 |
2.686.654.056,97 |
7,69% |
|
Payments to employees |
297.199.996,90 |
272.903.189,33 |
8,90% |
|
Cash at bank generated from operations |
69.143.477,79 |
89.356.370,67 |
(22,62)% |
|
Payment/receipt of income tax |
(8.285.351,61) |
(3.952.389,91) |
(109,63)% |
|
Other receipts/payments |
2.023.013,66 |
37.206.005,75 |
(94,56)% |
|
Cash Flows from Operational Activities (A) |
62.881.139,84 |
122.609.986,51 |
(48,71)% |
|
CASH FLOWS' INVESTMENT ACTIVITIES |
|||
|
Payments regarding: |
|||
|
Fixed tangible assets |
77.085.006,19 |
46.363.878,76 |
66,26% |
|
Intangible assets |
5.177.617,15 |
457.081,42 |
1.032,76% |
|
Financial investments |
32.491.538,81 |
50.047.896,00 |
(35,08)% |
|
Other assets |
0,00 |
1.995.136.479,66 |
(100,00)% |
|
Receipts from: |
|||
|
Fixed tangible assets |
1.445.105,20 |
1.054.513,47 |
37,04% |
|
Intangible assets |
99.101,84 |
113.598,00 |
(12,76)% |
|
Financial investments |
12.082,95 |
- |
- |
|
Other assets |
108.900.998,01 |
1.915.118.340,86 |
(94,31)% |
|
Investment subsidies |
- |
- |
- |
|
Interest and similar income |
15.235.688,85 |
11.938.772,34 |
27,62% |
|
Dividends |
57.728.681,48 |
12.450.634,77 |
363,66% |
|
Cash Flows' Investments Activities (B) |
68.667.496,18 |
(151.329.476,40) |
145,38% |
|
CASH FLOWS' INVESTMENT ACTIVITIES |
|||
|
Receipts from: |
|||
|
Obtained financing |
920.806.629,47 |
445.096.920,81 |
106,88% |
|
Paying-up of capital and other equity instruments |
- |
- |
- |
|
Coverage of losses |
- |
- |
- |
|
Donations |
- |
- |
- |
|
Other financing operations |
- |
- |
- |
|
Payments regarding: |
|||
|
Obtained financing |
905.907.941,48 |
408.521.528,82 |
121,75% |
|
Interests and similar expenses |
21.664.627,95 |
25.577.758,63 |
(15,30)% |
|
Dividends |
119.758.331,46 |
10.196.979,22 |
1.074,45% |
|
Capital's redution and other equity instruments |
- |
- |
- |
|
Other financing operations |
437.878,81 |
- |
- |
|
Cash Flows' Financing Activities © |
(126.962.150,23) |
800.654,14 |
(15.957,30)% |
|
Variation in cash at bank and its equivalents (A+B+C) |
4.586.485,79 |
(27.918.835,75) |
116,43% |
|
Effect of exchange differences |
1.293.940,47 |
(180.932,00) |
815,15% |
|
Cash at bank and its equivalents at the start of period |
20.222.594,14 |
48.322.361,89 |
(58,15)% |
|
Cash at bank and its equivalents at the end of period |
26.103.020,40 |
20.222.594,14 |
29,08% |
|
Movimentos do Periodo de 2013 |
||||
|
Rubrics |
Initial balance |
Debits |
Credits |
Final balance |
|
PERIOD'S CARRYING AMOUNT AND MOVEMENTS |
|
|||
|
Cash in hand |
4.482.966,32 |
5.644.394,62 |
5.102.876,39 |
5.024.484,55 |
|
Order deposits |
28.738.374,14 |
15.724.955.080,56 |
15.732.614.918,85 |
21.078.535,85 |
|
Other bank deposits |
- |
- |
- |
0,00 |
|
Total cash at bank and bank deposits |
33.221.340,46 |
15.730.599.475,18 |
15.737.717.795,24 |
26.103.020,40 |
|
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 |
- |
|
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 |
4.847.812,63 |
- |
4.847.812,63 |
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 |
- |
|
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 |
- |
285.498,12 |
- |
- |
|
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 |
285.498,12 |
0,00 |
0,00 |
|
Movimentos do Periodo de 2013 |
|||
|
Rubrics |
Impairment losses |
Impairment losses reversals |
Total |
|
Receivable debts from customers |
342.132,73 |
346.832,25 |
(4.699,52) |
|
Other receivables |
1.133.384,22 |
1.259.380,18 |
(125.995,96) |
|
Equity instruments and other securities |
- |
- |
0,00 |
|
Others |
- |
- |
0,00 |
|
TOTAL |
1.475.516,95 |
1.606.212,43 |
(130.695,48) |
|
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 |
|
Rubrics |
Average number of employees |
Average number of hours worked |
|
Company employees, paid and unpaid |
21.383 |
31.014.802 |
|
Paid company employees |
21.383 |
31.014.802 |
|
Company UNPAID employees |
0 |
0 |
|
Company employees, by type of working hours |
||
|
Full time company employees |
14.446 |
24.462.257 |
|
Of which: Full time company employees |
14.446 |
24.462.257 |
|
Part time company employees |
6.937 |
6.552.545 |
|
Of which: Part time company employees |
6.937 |
6.552.545 |
|
Company employees, by gender: |
||
|
Men |
6.506 |
9.923.395 |
|
Women |
14.877 |
21.091.407 |
|
Company employees, of which: |
||
|
Company employees assigned to Research and Development |
- |
- |
|
Service providers |
- |
- |
|
People placed through temporary employment agencies |
- |
- |
|
Rubrics |
Value |
|
Staff costs |
301.789.350,81 |
|
Governance Bodies Remuneration |
928.517,46 |
|
Of which: Profit-sharing |
- |
|
Employees remuneration |
239.094.349,20 |
|
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 |
48.875.608,69 |
|
Insurance for accidents at work and professional diseases |
5.100.266,06 |
|
Social security expenses |
2.759.511,62 |
|
Other staff costs |
5.031.097,78 |
|
Of which: |
|
|
Expenditure on education |
122.527,55 |
|
Expenditure on uniforms |
1.782.979,42 |
|
Geographic markets |
||||
|
Rubrics |
Internal |
EU |
Extra-EU |
Total |
|
Sales |
3.233.437.582,26 |
410.813,00 |
697.780,68 |
3.234.546.175,94 |
|
Services provided |
89.461.447,68 |
9.896.087,00 |
5.206,00 |
99.362.740,68 |
|
Purchases |
2.339.713.289,86 |
395.216.453,46 |
23.356.803,53 |
2.758.286.546,85 |
|
Supplies and external services |
496.416.576,37 |
- |
- |
496.416.576,37 |
|
Acquisition of fixed tangible assets |
66.178.341,98 |
1.477.323,03 |
46,50 |
67.655.711,51 |
|
Acquisition of investment properties |
- |
- |
- |
0,00 |
|
Acquisition of intangible assets |
- |
- |
- |
0,00 |
|
Supplementary income: |
329.783.571,68 |
0,00 |
0,00 |
329.783.571,68 |
|
Social services |
- |
- |
- |
0,00 |
|
Equipment rental |
- |
- |
- |
0,00 |
|
Studies, projects and technological assistance |
- |
- |
- |
0,00 |
|
Royalities |
- |
- |
- |
0,00 |
|
Others |
329.783.571,68 |
- |
- |
329.783.571,68 |
|
Memorandum: Sales and services provided (undiscounted values) |
- |
- |
- |
0,00 |
|
Memorandum: Purchases and supplies and external services (undiscounted
values) |
- |
- |
- |
0,00 |
|
Rubrics |
2013 |
2012 |
PERIODS |
|
Customers |
|
||
|
Trade accounts receivable |
83.240.456,09 |
81.021.760,24 |
2,74% |
|
Trade notes receivable |
- |
- |
- |
|
Advances received from customers |
- |
- |
- |
|
Suppliers |
|||
|
Trade accounts payable |
627.627.386,84 |
605.573.723,35 |
3,64% |
|
Trade notes payable |
- |
- |
- |
|
Trade accounts payable - unchecked invoices |
72.254.992,67 |
57.825.495,05 |
24,95% |
|
Advances to suppliers |
7.154,06 |
7.184,98 |
(0,43)% |
|
Staff |
|||
|
Payable remunerations |
348.336,63 |
289.870,31 |
20,17% |
|
Advanced payments |
170.738,74 |
84.117,17 |
102,98% |
|
Bonds |
- |
- |
- |
|
Other operations |
110,73 |
21.397,14 |
(99,48)% |
|
State and other public sector institutions |
|||
|
Income Tax |
4.705,11 |
4.705,11 |
0,00% |
|
Deductible IVA (debt cumulative amounts) |
- |
- |
- |
|
Paid IVA (credit cumulative amounts) |
8.544.591,47 |
9.978.316,35 |
(14,37)% |
|
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 |
424.061.673,23 |
505.670.124,83 |
(16,14)% |
|
Granted loans - subsidiary companies, associated companies and joint
ventures |
- |
- |
- |
|
Granted loans - other shareholders/partners |
- |
- |
- |
|
Of which: Participating companies |
- |
- |
- |
|
Other operations |
|||
|
Debit status |
- |
- |
- |
|
Credit status |
69.466.014,65 |
56.437.599,53 |
23,08% |
|
Other receivable and payable accounts |
|||
|
Investment providers - general accounts |
14.058.685,52 |
19.736.581,39 |
(28,77)% |
|
Trade accounts payable - unchecked invoices |
- |
- |
- |
|
Advanced payments to investment providers |
- |
- |
- |
|
additional income - Debtors |
34.739.072,18 |
27.440.179,47 |
26,60% |
|
additional expenses - Creditors |
103.362.616,61 |
78.730.469,90 |
31,29% |
|
Deferred tax assets |
62.760.889,16 |
62.347.936,36 |
0,66% |
|
Deferred tax liabilities |
25.128.062,07 |
23.725.670,08 |
5,91% |
|
Unreleased subscriptions - Creditors |
- |
- |
- |
|
Advances received on account of sales |
- |
- |
- |
|
Other debtors and creditors |
|||
|
Other debtors |
33.250.685,30 |
12.218.377,05 |
172,14% |
|
Other creditors |
44.013.848,80 |
36.432.849,32 |
20,81% |
|
Rubrics |
2013 |
2012 |
PERIODS |
|
Supplies and external services |
496.416.576,37 |
463.329.427,93 |
7,14% |
|
Subcontracts |
1.396.877,01 |
6.119.422,01 |
(77,17)% |
|
Specialized services |
165.567.355,77 |
154.569.207,10 |
7,12% |
|
Specialized works |
63.175.161,33 |
61.501.982,76 |
2,72% |
|
Of which: Payments to workers placed through agencies |
- |
- |
- |
|
Advertising and promotion |
60.602.160,96 |
54.474.716,98 |
11,25% |
|
Surveillance and security |
11.869.007,25 |
11.483.840,83 |
3,35% |
|
Fees |
371.352,99 |
38.553,72 |
863,21% |
|
Comissions |
472.336,36 |
366.679,80 |
28,81% |
|
Maintenance and repairs |
14.718.781,74 |
12.531.423,83 |
17,45% |
|
Others |
14.358.555,14 |
14.172.009,18 |
1,32% |
|
Materials |
13.834.364,78 |
12.126.028,13 |
14,09% |
|
Fast wear tools and utensils |
752.154,07 |
372.204,14 |
102,08% |
|
Books and technical documentation |
7.694,17 |
7.905,78 |
(2,68)% |
|
Office material |
1.505.130,73 |
1.525.881,72 |
(1,36)% |
|
Gift items |
97.801,59 |
50.044,02 |
95,43% |
|
Others |
11.471.584,22 |
10.169.992,47 |
12,80% |
|
Energy and fluids |
36.887.282,48 |
37.505.803,76 |
(1,65)% |
|
Electricity |
32.763.342,52 |
33.577.966,52 |
(2,43)% |
|
Fuels |
2.130.184,00 |
2.244.471,28 |
(5,09)% |
|
Water |
1.567.833,67 |
1.314.694,96 |
19,25% |
|
Others |
425.922,29 |
368.671,00 |
15,53% |
|
Travel, lodging and transportation |
46.160.369,73 |
38.865.625,59 |
18,77% |
|
Travel and lodging |
3.452.813,76 |
2.574.559,91 |
34,11% |
|
Transport of personnel |
817.540,73 |
602.326,29 |
35,73% |
|
Transport of goods |
41.727.064,49 |
35.604.097,74 |
17,20% |
|
Others |
162.950,75 |
84.641,65 |
92,52% |
|
Different services |
232.570.326,60 |
214.143.341,34 |
8,60% |
|
Rents and leases |
147.170.641,96 |
133.068.188,83 |
10,60% |
|
Of which: Rents from land |
- |
- |
- |
|
Communication |
3.118.182,90 |
3.093.694,06 |
0,79% |
|
Insurance |
2.009.317,12 |
2.006.121,21 |
0,16% |
|
Royalties |
53.162.545,48 |
49.350.187,82 |
7,73% |
|
Litigation and Notaries |
71.591,22 |
120.020,19 |
(40,35)% |
|
Representation expenses |
110.558,37 |
93.784,34 |
17,89% |
|
Cleaning, hygiene and comfort |
14.618.640,04 |
14.281.931,45 |
2,36% |
|
Other services |
12.308.849,51 |
12.129.413,44 |
1,48% |
|
Were the financial year's accounts approved? |
|
|
YES |
|
|
Data da Aprovação: 13-02-2014 |
|
|
By (Unanimity/Majority): |
|
|
Unanimity |
|
|
Percentage of issued votes related to the share capital subscribed
with voting right |
|
|
1 |
|
|
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) |
|
Rubrics |
2013 |
2012 |
|
Retained earnings |
68.163.648,36 |
36.242.733,36 |
|
Allocated results / Available profits |
- |
34.400.000,00 |
|
Percentages or bonuses to managing bodies |
- |
- |
|
Ditto to staff |
- |
- |
|
Reserves |
68.163.648,36 |
1.842.733,36 |
|
Coverage of losses |
- |
- |
|
7. Others |
- |
- |
|
BALANCE (1-2-3-4-5-6-7) |
0,00 |
0,00 |
|
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: 501776311 |
|
|
Was the Legal certification of accounts issued? |
|
|
YES |
|
|
With reserves |
|
|
With emphasis |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.58 |
|
|
1 |
Rs.97.99 |
|
Euro |
1 |
Rs.70.53 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
VNT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
NB |
New Business |
-- |
|
This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.