MIRA INFORM REPORT

 

 

Report No. :

323143

Report Date :

21.05.2015

 

IDENTIFICATION DETAILS

 

Name :

QUILABAN-QUIMICA LABORATORIAL ANALITICA SA

 

 

Registered Office :

Beloura Office Park - Rua Centro Empresarial, Edifício 11 - Quinta da Beloura

 

 

Country :

Portugal

 

 

Financials (as on) :

2013

 

 

Date of Incorporation :

23.07.1974

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Wholesale trade of pharmaceutical products

 

 

No. of Employee :

74 (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 :

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-imffinancing program expired in May 2014.

 

Source : CIA

 

 

Identification

 

Name

QUILABAN-QUIMICA LABORATORIAL ANALITICA SA

IIC Number

280615

V.A.T. Number / NIF

500399670

Address

Beloura Office Park - Rua Centro Empresarial, Edifício 11 - Quinta da Beloura

Postal Code

2710-693-SINTRA

Municipality

SINTRA

District

LISBOA

Telephone

219236350, 219236363, 219236372

Fax

219236389, 219236388

E-Mail

quilaban@quilaban.pt

Web Site

www.quilaban.pt

CAE Main

46460- Wholesale trade of pharmaceutical products

 

 

Financial Highlights

 

2011

2012

2013

Net Sales

24.008.989,41

28.445.379,10

31.549.811,76

Net Income For the Year

430.955,48

675.169,90

697.366,33

Shareholders Funds

5.758.471,41

6.433.641,31

7.131.037,64

Stocks

4.062.790,02

4.429.402,10

4.800.933,93

LIABILITY

18.957.673,38

16.688.764,11

19.033.212,72

ASSETS

24.716.144,79

23.122.405,42

26.164.250,36

 

 

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

23-07-1974

V.A.T. Number / NIF

500399670

Employees

74

Capital

6.000.000,00

Sales in : 31-12-2013

31.549.811,76

Shareholders Funds in: 31-12-2013

7.131.037,64

Credit Risk Level

Low Credit Risk

Credit Limit

249.399,00

Payments

Good

Credit Recommendation

Credit Worthy

Rating

E2

Actual Condition

In activity

 

 

Governing Bodies

 

Board of Director's

TERESA MARGARIDA CORDEIRO MACHADO

Administrator

MARIA AMELIA LOMBO DA SILVA CORDEIRO MACHADO

Administrator

JOAO CARLOS LOMBO DA SILVA CORDEIRO

Shareholder and Board of Director's Pres.

Fiscal Board

CARLOS ALBERTO DOMINGUES FERRAZ

Fiscal Board Substitute

OLIVEIRA, REIS & ASSOCIADOS, SROC LDA

Unique Fiscal

Chair of General Meeting

MARIA MANUELA FLORES TEIXEIRA DA SILVA CORDEIRO

Chair of General Meeting President

HELDER LOPES PINHAO

Chair of General Meeting Secretary

 

Gráficos de Análise Sectorial

Legal Structure

 

Registed on the Register Record Office of Sintra with the Register Number 500399670 previous number 1187 in 09-01-1990

Constitution celebrated in 23-07-1974 published on Diário da República number 205 of 03-09-1974

To oblige the company it is necessary 1 signatures

 

 

Changes to Society

 

In 04-07-2014 on Portal MJ of 07-07-2014 social change

In 25-11-2013 on Portal MJ of 25-11-2013 update of the Head Office Village

In 09-09-2013 on Portal MJ of 11-09-2013 increase of capital Clique para ver detalhes

de 1.500.030 euros, para 6.000.000 euros.

In 29-08-2013 on Portal MJ of 30-08-2013 social change

In 22-08-2013 on Portal MJ of 05-09-2013 change in to a joint stock company Clique para ver detalhes

aumento do capital social para 1.500.030 euros e alteração ao pacto social.

 

Capital

 

The Capital is 6.000.000,00 , divided in 600000 shares , with a nominal value of 10,00

 

with the following shareholders

 

JOAO CARLOS LOMBO DA SILVA CORDEIRO

4.499.940,00

74,999%

 

 

Activities

 

Main CAE

46460- Wholesale trade of pharmaceutical products

 

Business Description

Comércio por grosso de medicamentos e produtos químicos



Type of Clients

Hospitals/Pharmacies

Sales Conditions

Contract

 

 

Geographic Distribution of Sales

 

Internal Market

International Market

 

Year

EU

Extra-EU

Total

 

2013

21.354.102,06

67,68%

0,00

0,00%

10.195.709,70

32,32%

31.549.811,76

2011

16.587.492,55

69,09%

0,00

0,00%

7.421.496,86

30,91%

24.008.989,41

2010

16.408.634,07

80,59%

0,00

0,00%

3.951.832,03

19,41%

20.360.466,10

 

 

Geographic Distribution of Purchases

 

Internal Market

International Market

 

Year

EU

Extra-EU

Total

 

2013

19.087.513,90

80,44%

2.921.917,57

12,31%

1.719.388,03

7,25%

23.728.819,50

2011

11.751.625,12

74,19%

3.390.609,92

21,41%

697.327,69

4,40%

15.839.562,73

2010

9.920.960,11

63,93%

3.630.212,06

23,39%

1.967.149,73

12,68%

15.518.321,90

 

 

Banks and Financial Institutions

 

MILLENNIUM BCP

Taguspark

 

 

Incidents

 

There are no of incidents on our database

 

 

Employees

 

Year

Total

Men

Women

 

2013

74

43

58%

31

42%

2011

62

36

58%

26

42%

2010

60

34

57%

26

43%

 

 

Head Office and Installations

 

Head office and installations Beloura Office Park - Rua Centro Empresarial, Edifício 11 - Quinta da Beloura, 2710-693, SINTRA, Tel:219236350, Fax:219236389

 

 

Special Information

 

Event

General Description

Quality Certification

A titular é uma empresa certificada segundo a Norma ISO 9001

 

 

Financial Demonstration SNC

Balance Sheet SNC

CoinEUROS

Year:2013

 

2013

2012

2011

% Var.2013/12

 

 

ASSET

Non-current assets

Tangible fixed assets

7.083.210,17

7.886.094,12

8.564.710,21

(10,18)%

Investment properties

-

-

-

-

Goodwill

-

-

-

-

Intangible assets

24.710,08

3.999,46

6.397,90

517,84%

Biological assets

-

-

-

-

Financial participations - patrimonial equity method

-

-

-

-

Financial participations - other methods

-

-

-

-

Shareholders/partners

-

-

-

-

Other financial assets

28.058,33

21.500,00

21.500,00

30,50%

Deferred tax assets

-

-

-

-

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

-

-

-

-

Total

7.135.978,58

7.911.593,58

8.592.608,11

(9,80)%

Current assets

Inventories

4.800.933,93

4.429.402,10

4.062.790,02

8,39%

Biological assets

-

-

-

-

Costumers

13.313.832,09

10.241.654,92

11.811.985,07

30,00%

Advances to suppliers

123.732,53

86.625,68

48.166,17

42,84%

State and other public entities

-

-

-

-

Shareholders/partners

-

-

-

-

Other accounts receivable

203.550,80

18.634,94

20.728,47

992,31%

Deferrals

86.319,73

78.184,97

70.816,41

10,40%

Financial assets held for trading

-

-

-

-

Other financial assets

-

-

-

-

Non-current assets held for sale

-

-

-

-

Other current assets

-

-

-

-

Cashier and bank deposits

499.902,70

356.309,23

109.050,54

40,30%

Total

19.028.271,78

15.210.811,84

16.123.536,68

25,10%

TOTAL ASSET

26.164.250,36

23.122.405,42

24.716.144,79

13,16%

 

SHAREHOLDERS FUNDS AND LIABILITIES

SHAREHOLDERS FUNDS

Capital

6.000.000,00

1.500.000,00

1.500.000,00

300,00%

Own shares

-

-

-

-

Other shareholders funds instruments

52.400,00

52.400,00

52.400,00

-

Emission premiuns

-

-

-

-

Legal reserves

296.900,00

263.100,00

241.500,00

12,85%

Other reserves

84.371,31

3.942.971,41

3.533.615,93

(97,86)%

Net retained

-

-

-

-

Adjustments on financial assets

-

-

-

-

Revaluation surplus

-

-

-

-

Other shareholders funds changes

-

-

-

-

Total

6.433.671,31

5.758.471,41

5.327.515,93

11,73%

Net income for the period

697.366,33

675.169,90

430.955,48

3,29%

Antecipated dividends

-

-

-

-

TOTAL OF SHAREHOLDERS FUNDS

7.131.037,64

6.433.641,31

5.758.471,41

10,84%

 

LIABILITY

Non-current liiabilities

Provisions

-

-

-

-

Financing obtained

12.064.055,45

12.002.195,54

14.724.450,83

0,52%

Responsability for post-employment beneficts

-

-

-

-

Diferred taxes liabilities

-

-

-

-

Other payable accounts

-

-

-

-

Total

12.064.055,45

12.002.195,54

14.724.450,83

0,52%

Current liabilities

Suppliers

4.053.289,03

2.171.547,47

1.862.486,45

86,65%

Advances from costumers

-

-

-

-

State and other public entities

203.278,33

240.518,27

341.125,06

(15,48)%

Shareholders/partners

-

-

-

-

Financing obtained

2.075.255,18

1.692.960,14

1.512.218,43

22,58%

Other payable accounts

637.334,73

581.542,69

517.392,61

9,59%

Deferrals

-

-

-

-

Financial liabilities held for trading

-

-

-

-

Other financial liabilities

-

-

-

-

Non-current liabilities held for sale

-

-

-

-

Other current liabilities

-

-

-

-

Total

6.969.157,27

4.686.568,57

4.233.222,55

48,70%

TOTAL LIABILITIES

19.033.212,72

16.688.764,11

18.957.673,38

14,05%

TOTAL SHAREHOLDERS FUNDS AND LIABILITIES

26.164.250,36

23.122.405,42

24.716.144,79

13,16%

 

INCOME STATEMENT

INCOME AND EXPENSES

Sales and services

31.549.811,76

28.445.379,10

24.008.989,41

10,91%

Operating government grants

-

-

-

-

Gains/losses allocated subsidiaries, associates and joint ventures

-

-

-

-

Variation in production inventories

-

-

-

-

Work for the entity itself

-

-

-

-

Cost of goods sold and materials consumed

23.387.700,97

20.507.550,41

16.295.998,14

14,04%

Suppliers and external services

1.917.611,10

1.740.655,92

1.968.146,16

10,17%

Personnel costs

2.762.551,90

2.238.931,29

2.321.600,91

23,39%

Impairment of inventories (losses/revearsals)

(29.151,10)

29.151,10

-

(200,00)%

Impairment of receivables (losses/revearsals)

83.170,10

25.063,14

423.042,52

231,84%

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

(97,03)

-

-

-

Other income and gains

383.464,78

357.053,70

369.483,40

7,40%

Other expenses and losses

660.648,34

1.036.115,14

632.897,80

(36,24)%

Result before depreciation, financing costs and taxes

3.150.648,20

3.224.965,80

2.736.787,28

(2,30)%

Expenses/reversals of depreciation and amortization

1.065.500,40

1.114.053,53

1.208.170,09

(4,36)%

Impairment of investments depreciable/amortizable (losses/reversals)

-

-

-

-

Operating result (before financing costs and taxes)

2.085.147,80

2.110.912,27

1.528.617,19

(1,22)%

Interest and similar income obtained

-

-

767,38

-

interest and similar expenses incurred

1.063.171,53

1.121.833,99

844.472,32

(5,23)%

Net before taxes

1.021.976,27

989.078,28

684.912,25

3,33%

Income tax of the period

324.609,94

313.908,38

253.956,77

3,41%

Net profit for the period

697.366,33

675.169,90

430.955,48

3,29%

Results of discontinued operations (net of taxes) included in the net icome of the period

-

-

-

-

 

 

RATIOS SNC

 

Closing Date

2013

2012

2011

 

 

TURNOVER RATIOS

Shareholder's Funds Profitability

0,098

0,105

0,075

Assets Profitability

0,08

0,091

0,062

Sales Net Profitability

0,022

0,024

0,018

EFFICIENCY RATIOS

Medium Term Receivable

154,028

131,417

179,573

Asset Rotation

1,206

1,23

0,971

PRODUCTIVITY RATIOS

Productivity

2,955

3,545

3,322

SHORT TERM RATIOS

General Liquidity

2,73

3,246

3,809

Reduced Liquidity

2,041

2,3

2,849

Immediate Liquidity

0,072

0,076

0,026

MEDIUM LONG TERM RATIOS

Financial Autonomy

0,273

0,278

0,233

Solvability

0,375

0,386

0,304

Borrowed Capital Structure

0,366

0,281

0,223

General Debt

1,983

2,129

2,82

Medium Long Term Debt

1,692

1,866

2,557

Debt Structure

0,366

0,281

0,223

Capital Structure

0,591

0,536

0,391

Operational and Financial Risk

Operational Leverage Level

3,914

3,76

5,046

Financial Leverage Level

2,04

2,134

2,232

Combined Leverage Level

7,985

8,024

11,263

 

CASH FLOW STATEMENT

 

Rubrics

2013

2012

PERIODS

 

CASH FLOWS FROM OPERATIONAL ACTIVITIES

Customers receipts

28.955.994,10

Payments to suppliers

23.782.508,24

Payments to employees

2.587.757,49

Cash at bank generated from operations

2.585.728,37

Payment/receipt of income tax

(396.511,99)

Other receipts/payments

(572.010,18)

Cash Flows from Operational Activities (A)

1.617.206,20

CASH FLOWS' INVESTMENT ACTIVITIES

Payments regarding:

Fixed tangible assets

120.789,19

Intangible assets

0.00

Financial investments

6.558,33

Other assets

0.00

Receipts from:

Fixed tangible assets

3.137,44

Intangible assets

0.00

Financial investments

0.00

Other assets

0.00

Investment subsidies

0.00

Interest and similar income

91,48

Dividends

0.00

Cash Flows' Investments Activities (B)

(124.118,60)

CASH FLOWS' INVESTMENT ACTIVITIES

Receipts from:

Obtained financing

2.901.599,26

Paying-up of capital and other equity instruments

30,00

Coverage of losses

0.00

Donations

0.00

Other financing operations

0.00

Payments regarding:

Obtained financing

2.410.552,69

Interests and similar expenses

1.043.789,46

Dividends

0.00

Capital's redution and other equity instruments

0.00

Other financing operations

796.781,24

Cash Flows' Financing Activities ©

(1.349.494,13)

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

143.593,47

Effect of exchange differences

0.00

Cash at bank and its equivalents at the start of period

356.309,23

Cash at bank and its equivalents at the end of period

499.902,70

 

 

CASH FLOWS

 

Movimentos do Periodo de 2013

Rubrics

Initial balance

Debits

Credits

Final balance

 

PERIOD'S CARRYING AMOUNT AND MOVEMENTS

 

Cash in hand

1.319,88

11.455.178,32

11.455.582,46

915,74

Order deposits

310.948,05

47.182.911,34

47.017.872,43

475.986,96

Other bank deposits

44.041,30

999.091,54

1.020.132,84

23.000,00

Total cash at bank and bank deposits

356.309,23

59.637.181,20

59.493.587,73

499.902,70

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:

0,00

0,00

0,00

0,00

Fixed tangible assets

0,00

0,00

0,00

0,00

Land and Natural Resources

-

-

-

-

Buildings and other structures

-

-

-

-

Basic equipment

-

-

-

-

Transport equipment

-

-

-

-

Office equipment

-

-

-

-

Biological equipment

-

-

-

-

Others

-

-

-

-

Intangible assets

0,00

0,00

0,00

0,00

Development projects

-

-

-

-

Computer programmes

-

-

-

-

Industrial property

-

-

-

-

Others

-

-

-

-

Other assets

-

-

-

-

Grants related to income / operating

-

-

-

-

Value of repayments in the period:

0,00

0,00

0,00

0,00

Grants related to assets/investment

-

-

-

-

Grants related to income / operating

-

-

-

-

TOTAL

0,00

0,00

0,00

0,00

 

 

IMPAIRMENT LOSSES IN FINANCIAL ASSETS AT COST OR AT AMORTIZED COST

 

Movimentos do Periodo de 2013

Rubrics

Impairment losses

Impairment losses reversals

Total

 

Receivable debts from customers

531.275,76

448.105,66

83.170,10

Other receivables

-

-

0,00

Equity instruments and other securities

-

-

0,00

Others

-

-

0,00

TOTAL

531.275,76

448.105,66

83.170,10

 

DEBTS REGISTERED AS DOUBTFUL

 

Rubrics

Value

 

Regarding insolvency and company recovery procedures or enforcement procedures

-

Claimed in court

-

In arrears:

0,00

Over six months and up to twelve months

-

Over twelve months and up to eighteen months

-

Over eighteen months and up to twenty four months

-

Over twenty four months

-

TOTAL

0,00

 

 

EMPLOYEE BENEFITS, COMPANY EMPLOYEES AND PERSONNEL COSTS

 

Rubrics

Average number of employees

Average number of hours worked

 

Company employees, paid and unpaid

74

142.080

Paid company employees

74

142.080

Company UNPAID employees

0

0

Company employees, by type of working hours

Full time company employees

74

142.080

Of which: Full time company employees

74

142.080

Part time company employees

0

0

Of which: Part time company employees

0

0

Company employees, by gender:

Men

43

82.560

Women

31

59.520

Company employees, of which:

Company employees assigned to Research and Development

0

-

Service providers

0

0

People placed through temporary employment agencies

0

-

 

 

Staff costs

 

Rubrics

Value

 

Staff costs

2.762.551,90

Governance Bodies Remuneration

0,00

Of which: Profit-sharing

0,00

Employees remuneration

2.214.388,55

Of which: Profit-sharing

0,00

Post-employment benefits

0,00

Pension premiums

0,00

Other benefits

0,00

Of which:

For defined contribution plans - corporate bodies

0,00

For defined contribution plans - others

0,00

Compensations

0,00

Charges on remunerations

491.149,06

Insurance for accidents at work and professional diseases

13.029,12

Social security expenses

-

Other staff costs

43.985,17

Of which:

Expenditure on education

30.695,67

Expenditure on uniforms

-

 

 

INFORMATION BY GEOGRAPHIC MARKETS

 

Geographic markets

Rubrics

Internal

EU

Extra-EU

Total

 

Sales

21.261.984,45

-

10.195.709,70

31.457.694,15

Services provided

92.117,61

-

-

92.117,61

Purchases

19.087.513,90

2.921.917,57

1.719.388,03

23.728.819,50

Supplies and external services

1.883.327,84

17.277,87

17.005,39

1.917.611,10

Acquisition of fixed tangible assets

147.442,07

108.672,40

2.902,60

259.017,07

Acquisition of investment properties

-

-

-

0,00

Acquisition of intangible assets

-

-

-

0,00

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

13.845.107,85

Trade notes receivable

-

Advances received from customers

-

Suppliers

Trade accounts payable

4.053.289,03

Trade notes payable

-

Trade accounts payable - unchecked invoices

-

Advances to suppliers

123.732,53

Staff

Payable remunerations

-

Advanced payments

2.338,41

Bonds

-

Other operations

-

State and other public sector institutions

Income Tax

77.747,07

Deductible IVA (debt cumulative amounts)

3.460.253,38

Paid IVA (credit cumulative amounts)

3.803.858,94

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

30.639,30

Trade accounts payable - unchecked invoices

-

Advanced payments to investment providers

-

additional income - Debtors

-

additional expenses - Creditors

558.109,29

Deferred tax assets

-

Deferred tax liabilities

-

Unreleased subscriptions - Creditors

-

Advances received on account of sales

-

Other debtors and creditors

Other debtors

154.775,98

Other creditors

48.586,14

 

EXPENSE ACCOUNTS

 

Rubrics

2013

2012

PERIODS

 

Supplies and external services

1.917.611,10

Subcontracts

-

Specialized services

764.854,51

Specialized works

540.324,18

Of which: Payments to workers placed through agencies

-

Advertising and promotion

51.966,61

Surveillance and security

10.955,19

Fees

31.583,48

Comissions

-

Maintenance and repairs

130.025,05

Others

-

Materials

49.292,27

Fast wear tools and utensils

24.306,39

Books and technical documentation

19,67

Office material

21.334,59

Gift items

3.631,62

Others

-

Energy and fluids

214.333,25

Electricity

94.359,41

Fuels

109.812,60

Water

10.161,24

Others

-

Travel, lodging and transportation

265.753,48

Travel and lodging

69.761,35

Transport of personnel

2.623,80

Transport of goods

142.338,23

Others

51.030,10

Different services

623.377,59

Rents and leases

321.060,63

Of which: Rents from land

-

Communication

89.260,48

Insurance

80.362,57

Royalties

-

Litigation and Notaries

-

Representation expenses

77.404,70

Cleaning, hygiene and comfort

7.364,72

Other services

47.924,49

 

 

Deliberation of Approval of Accounts

 

Were the financial year's accounts approved?

YES

Data da Aprovação: 25-03-2014

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

697.366,33

Allocated results / Available profits

-

Percentages or bonuses to managing bodies

-

Ditto to staff

-

Reserves

697.366,33

Coverage of losses

-

7. Others

-

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

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: 501266259

Was the Legal certification of accounts issued?

YES

Without reservation

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.86

UK Pound

1

Rs.98.89

Euro

1

Rs.70.73

 

 

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.