MIRA INFORM REPORT

 

 

Report No. :

347687

Report Date :

02.11.2015

 

IDENTIFICATION DETAILS

 

Name :

FANIPOR-FABRICA DE PORCAS E ANILHAS LDA

 

 

Registered Office :

Lugar de Alto da Vinca, 118 4620-092-CASAIS LSD Municipality  Lousada, Porto

 

 

Country :

Portugal

 

 

Financials (as on) :

2014

 

 

Date of Incorporation :

23.04.1987

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

  • Manufacture of rivets, screws and nuts
  • Non-specialized wholesale trade

 

 

No. of Employees :

6

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company

 

 

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 – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

Portugal

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


 

PORTUGAL - ECONOMIC OVERVIEW

 

Portugal has become a diversified and increasingly service-based economy since joining the European Community - the EU's predecessor - in 1986. Over the following two decades, successive governments privatized many state-controlled firms and liberalized key areas of the economy, including the financial and telecommunications sectors. The country joined the Economic and Monetary Union (EMU) in 1999 and began circulating the euro on 1 January 2002 along with 11 other EU members. The economy grew by more than the EU average for much of the 1990s, but the rate of growth slowed in 2001-08. The economy contracted in 2009, and fell again from 2011 to 2014, as the government implemented spending cuts and tax increases to comply with conditions of an EU-IMF financial rescue package, signed in May 2011. A modest recovery began in 2013 and gathered steam in in 2014 due to strong export performance and a rebound in private consumption. Although austerity measures were instituted to reduce the large budget deficit, they contributed to record unemployment and a wave of emigration not seen since the 1960s. A continued reduction in private- and public-sector debt could weigh on consumption and investment in 2015, holding back a stronger recovery. The government of Pedro PASSOS COELHO has passed legislation aimed at reducing labor market rigidity, and, this, along with sustained fiscal discipline, could make Portugal more attractive to foreign direct investment. The government reduced the budget deficit from 11.2% of GDP in 2010 to 4.8% in 2014, a figure that is significantly higher than the EU-IMF target of 4%. The government has pledged to lower the deficit to under 3% of GDP in 2015 in order to comply with EU fiscal obligations, under the excessive deficit procedure. Legislative elections in 2015 could increase the risk of fiscal slippage and undermine investor confidence in Portugal’s economy, which has improved over the course of the EU-IMF program. EU-IMF financing expired in May 2014.

 

Source : CIA

IDENTIFICATION

 

Name                           FANIPOR-FABRICA DE PORCAS E ANILHAS LDA

IIC Number                   193515

V.A.T.Number / NIF      501930728

Address                       Lugar de Alto da Vinca, 118

Postal Code                 4620-092-CASAIS LSD

Municipality                 LOUSADA

District                         PORTO

Country                        Portugal

Telephone                    255822676, 918461562

Fax                               255822677

E-Mail                          geral@fanipor.pt

Web Site                      www.fanipor.com

CAE Main                     25940- Manufacture of rivets, screws and nuts

CAE Secondary            46900- Non-specialized wholesale trade

 

 

SALES - SECTOR COMPARISON

 

 

FINANCIAL HIGHLIGHTS

 

 

2012

2013

2014

Net Sales

1.753.139,00

2.023.825,22

2.401.135,56

Net Income For the Year

38.701,36

59.827,07

142.142,52

Shareholders Funds

348.610,25

408.437,32

550.579,84

Stocks

115.726,70

154.500,45

178.632,48

LIABILITY

731.495,77

826.083,48

1.458.305,67

ASSETS

1.080.106,02

1.234.520,80

2.008.885,51

 

 

BUSINESS CONCEPT

 

Consulted sources say that the subject has been respecting its payments and commercial commitments, where is no inconvenience in credit connections.

 

 

SUMMARY

 

Legal Form

Private Limited Company

Constitution

23-04-1987

V.A.T. Number / NIF

501930728

Employees

6

Capital

50.000,00

Sales in : 31-12-2014

2.401.135,56

Shareholders Funds in: 31-12-2014

550.579,84

Payments

Good

Credit Recommendation

Credit Worthy

Actual Condition

In activity

 

 

INCIDENTS

 

Summary of Claims (Last 5 Years)

 

Year

Quantity

Total

 

 

2011

1

2.163,93

Total

1

2.163,93

 

 

Insolvencies / Revitalization Processes

NO

 

Tax Situation

On this date the subject is Not registered in the debtors list of the tax authorities

 

Contributive Situation (Social Security)

Information currently unavailable at the source.

 

 

MANAGEMENT BODIES

 

MARIA DE FATIMA FERREIRA                          Managing-Partner

JOAQUIM DE BESSA PINTO                             Managing-Partner

CARLOS ANTONIO FERREIRA BESSA Managing-Partner

 

 

LEGAL STRUCTURE

 

Registed on the Register Record Office of Lousada with the Register Number 501930728 previous number 501 in 12-12-1991 Constitution celebrated in 23-04-1987 published on Diário da República of 29-08-1987 To oblige the company it is necessary 1 signatures

 

 

CAPITAL

 

The Capital is 50.000,00

 

with the following distribution

 

MARIA DE FATIMA FERREIRA                          20.000,00          40%

JOAQUIM DE BESSA PINTO                             20.000,00          40%

CARLOS ANTONIO FERREIRA BESSA 10.000,00          20%

 

 

BIOGRAPHIES

 

Name

MARIA DE FATIMA FERREIRA

Funtion

Managing-Partner

Name

JOAQUIM DE BESSA PINTO

Funtion

Managing-Partner

Professional

 

 

The subject has connections with the following company (ies)

Connections

 

 

IMPARFIX-IMP.EXP.MATERIAL DE FIXACAO UNIPESSOAL LDA as Managing-Partner with a participation of

 

5.000,00 , in a capital of 5.000,00 .

Name

CARLOS ANTONIO FERREIRA BESSA

Funtion

Managing-Partner

 

 

ACTIVITIES

 

Main CAE         25940- Manufacture of rivets, screws and nuts

46900- Non-specialized wholesale trade

 

 

Business Description

 

Manufacture, trade and import of nuts, washers, screws and assembly parts

 

Geographic Distribution of Sales

 

 

 

Internal Market

 

International Market

 

 

 

Year

 

 

 

EU

Extra-EU

 

Total

2014

2.315.034,73

96,41%

450,00

0,02%

85.650,83

3,57%

2.401.135,56

2013

1.951.953,83

96,45%

6,11

0,00%

71.865,28

3,55%

2.023.825,22

2012

1.693.791,83

96,61%

0,00

0,00%

59.347,17

3,39%

1.753.139,00

2011

1.688.797,00

99,52%

4.818,05

0,28%

3.375,46

0,20%

1.696.990,51

2010

1.355.753,92

100,00%

0,00

0,00%

0,00

0,00%

1.355.753,92

 

 

Geographic Distribution of Purchases

 

Internal Market

 

International Market

 

 

Year

 

 

 

EU

 

Extra-EU

Total

2014

651.264,07

33,32%

538.950,36

27,58%

764.264,96

39,10%

1.954.479,39

2013

752.339,14

43,90%

863.578,65

50,39%

97.981,04

5,72%

1.713.898,83

2012

584.687,53

39,56%

770.656,02

52,14%

122.583,71

8,29%

1.477.927,26

2011

330.785,26

22,92%

851.779,05

59,03%

260.492,43

18,05%

1.443.056,74

2010

315.335,28

28,37%

653.552,52

58,79%

142.777,04

12,84%

1.111.664,84

INCIDENTS

 

Insolvencies / Revitalization Processes

NO

Tax Situation

On this date the subject is Not registered in the debtors list of the tax authorities

 

Contributive Situation (Social Security)

Information currently unavailable at the source.

 

Summary of Claims (Last 5 Years)

Year                 Quantity           Total

2011                 1                      2.163,93

Total                1                      2.163,93

 

LEGAL ACTIONS

 

Date

Process

Author

Type

Amount

Judicial District

Court

Situation

21-03-2011

30502/11.7YIPRT

Teximpor - Tecnica de

Parafusaria L.DA

C-Especial

Cump.Obrig.

Pecuniarias DL

2.163,93

Lousada -

Tribunal Judicial

 

 

 

 

EMPLOYEES

 

Year

Total

 

Men

 

Women

2014

6

6

100%

0

0%

2013

5

5

100%

0

0%

2012

6

5

83%

1

17%

2011

6

5

83%

1

17%

2010

7

5

71%

2

29%

 

 

HEAD OFFICE AND INSTALLATIONS

 

Has head office Alto da Vinça, 118, 4620-092, CASAIS LSD Installations Rua do Parque Desportivo, Nº153, 4620-410, NESPEREIRA LSD

 

 

FINANCIAL DEMONSTRATION SNC

 

Balance Sheet SNC

 

CoinEUROS

 

 

 

Year:2014

 

2014

2013

2012

% Var.2014/13

ASSET

 

 

 

 

Non-current assets

 

 

 

 

Tangible fixed assets

406.695,93

417.409,85

422.391,11

(2,57)%

Investment properties

-

-

-

-

Goodwill

-

-

-

-

Intangible assets

379,34

379,34

379,34

-

Biological assets

-

-

-

-

Financial participations - patrimonial equity method

-

-

-

-

Financial participations - other methods

-

-

-

-

Shareholders/partners

-

-

-

-

Other financial assets

-

-

-

-

Deferred tax assets

-

-

-

-

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

39,78

-

-

-

Total

407.115,05

417.789,19

422.770,45

(2,55)%

Current assets

 

 

 

 

Inventories

178.632,48

154.500,45

115.726,70

15,62%

Biological assets

-

-

-

-

Costumers

1.012.479,90

525.858,30

462.969,78

92,54%

Advances to suppliers

-

-

-

-

State and other public entities

27.798,65

24.721,74

24.956,13

12,45%

Shareholders/partners

-

-

-

-

Other accounts receivable

-

-

104,83

-

Deferrals

-

-

-

-

Financial assets held for trading

-

-

-

-

Other financial assets

-

-

-

-

Non-current assets held for sale

-

-

-

-

Other current assets

-

-

-

-

Cashier and bank deposits

382.859,43

111.651,12

53.578,13

242,91%

Total

1.601.770,46

816.731,61

657.335,57

96,12%

TOTAL ASSET

2.008.885,51

1.234.520,80

1.080.106,02

62,73%

SHAREHOLDERS FUNDS AND LIABILITIES

 

 

 

 

SHAREHOLDERS FUNDS

 

 

 

 

Capital

50.000,00

50.000,00

50.000,00

-

Own shares

-

-

-

-

Other shareholders funds instruments

-

-

-

-

Emission premiuns

-

-

-

-

Legal reserves

24.564,17

21.572,82

19.637,75

13,87%

Other reserves

333.873,15

234.991,69

198.225,40

42,08%

Net retained

-

42.045,74

42.045,74

-

Adjustments on financial assets

-

-

-

-

Revaluation surplus

-

-

-

-

Other shareholders funds changes

-

-

-

-

Total

408.437,32

348.610,25

309.908,89

17,16%

Net income for the period

142.142,52

59.827,07

38.701,36

137,59%

Antecipated dividends

-

-

-

-

TOTAL OF SHAREHOLDERS FUNDS

550.579,84

408.437,32

348.610,25

34,80%

LIABILITY

 

 

 

 

Non-current liiabilities

 

 

 

 

Provisions

-

-

-

-

Financing obtained

414.883,54

279.585,52

298.485,87

48,39%

Responsability for post-employment beneficts

-

-

-

-

Diferred taxes liabilities

-

-

-

-

Other payable accounts

-

-

-

-

Total

414.883,54

279.585,52

298.485,87

48,39%

Current liabilities

 

 

 

 

Suppliers

949.813,88

464.784,99

390.987,19

104,36%

Advances from costumers

-

-

-

-

State and other public entities

72.443,19

51.205,09

26.057,96

41,48%

Shareholders/partners

10.000,00

10.000,00

10.000,00

-

Financing obtained

-

12.550,30

-

-

Other payable accounts

6.738,18

7.957,58

5.964,75

(15,32)%

Deferrals

4.426,88

-

-

-

Financial liabilities held for trading

-

-

-

-

Other financial liabilities

-

-

-

-

Non-current liabilities held for sale

-

-

-

-

Other current liabilities

-

-

-

-

Total

1.043.422,13

546.497,96

433.009,90

90,93%

TOTAL LIABILITIES

1.458.305,67

826.083,48

731.495,77

76,53%

TOTAL SHAREHOLDERS FUNDS AND LIABILITIES

2.008.885,51

1.234.520,80

1.080.106,02

62,73%

INCOME STATEMENT

 

 

 

 

INCOME AND EXPENSES

 

 

 

 

Sales and services

2.401.135,56

2.023.825,22

1.753.139,00

18,64%

Operating government grants

-

1.835,96

-

-

Gains/losses allocated subsidiaries, associates and joint

 

 

 

 

 

-

-

-

-

ventures

 

 

 

 

Variation in production inventories

-

-

-

-

Work for the entity itself

-

-

-

-

Cost of goods sold and materials consumed

1.930.347,36

1.675.125,08

1.464.138,01

15,24%

Suppliers and external services

128.433,28

109.878,45

110.385,49

16,89%

Personnel costs

65.339,93

55.158,31

61.244,26

18,46%

Impairment of inventories (losses/revearsals)

-

-

-

-

Impairment of receivables (losses/revearsals)

-

-

-

-

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

5.615,72

5.016,96

8.481,22

11,93%

Other expenses and losses

45.059,44

63.456,71

31.520,96

(28,99)%

Result before depreciation, financing costs and taxes

237.571,27

127.059,59

94.331,50

86,98%

Expenses/reversals of depreciation and amortization

39.501,81

34.780,04

25.989,95

13,58%

Impairment of investments depreciable/amortizable

 

 

 

 

 

-

-

-

-

(losses/reversals)

 

 

 

 

Operating result (before financing costs and taxes)

198.069,46

92.279,55

68.341,55

114,64%

Interest and similar income obtained

809,86

-

-

-

interest and similar expenses incurred

15.103,92

12.435,12

16.739,73

21,46%

Net before taxes

183.775,40

79.844,43

51.601,82

130,17%

Income tax of the period

41.632,88

20.017,36

12.900,46

107,98%

Net profit for the period

142.142,52

59.827,07

38.701,36

137,59%

Results of discontinued operations (net of taxes)

included in the net icome of the period

-

-

-

-

 

 

RATIOS SNC

 

 

 

 

 

 

 

 

 

 

 

Closing Date

2014

2013

2012

 

 

 

 

 

 

 

 

TURNOVER RATIOS

 

 

 

 

 

Shareholder's Funds Profitability

0,258

0,146

0,111

 

 

Assets Profitability

0,099

0,075

0,063

 

 

Sales Net Profitability

0,059

0,03

0,022

 

 

 

 

 

 

 

 

EFFICIENCY RATIOS

 

 

 

 

 

Medium Term Receivable

153,908

94,839

96,389

 

 

Asset Rotation

1,195

1,639

1,623

 

 

 

 

 

 

 

 

PRODUCTIVITY RATIOS

 

 

 

 

 

Productivity

7,205

6,322

4,719

 

 

 

 

 

 

 

 

SHORT TERM RATIOS

 

 

 

 

 

General Liquidity

1,535

1,494

1,518

 

 

Reduced Liquidity

1,364

1,212

1,251

 

 

Immediate Liquidity

0,367

0,204

0,124

 

 

 

 

 

 

 

 

MEDIUM LONG TERM RATIOS

 

 

 

 

 

Financial Autonomy

0,274

0,331

0,323

 

 

Solvability

0,378

0,494

0,477

 

 

Borrowed Capital Structure

0,716

0,662

0,592

 

 

General Debt

0,754

0,715

0,856

 

 

Medium Long Term Debt

0,754

0,685

0,856

 

 

Debt Structure

0,716

0,662

0,592

 

 

Capital Structure

1,327

1,461

1,168

 

 

 

 

 

 

 

 

Operational and Financial Risk

 

 

 

 

 

Operational Leverage Level

2,377

3,779

4,229

 

 

Financial Leverage Level

1,078

1,156

1,324

 

 

Combined Leverage Level

2,562

4,369

5,599

 

 

 

 

 

 

 

 

 

CASH FLOW STATEMENT

 

 

 

 

 

Rubrics

 

2014

2013

PERIODS

 

 

 

 

 

 

CASH FLOWS FROM OPERATIONAL ACTIVITIES

 

 

 

 

 

 

 

 

 

 

Customers receipts

 

-

-

-

Payments to suppliers

 

-

-

-

 

 

 

 

 

 

Payments to employees

 

-

-

-

 

 

 

 

 

 

 

Cash at bank generated from operations

 

0,00

-

-

 

Payment/receipt of income tax

 

-

-

-

 

 

 

 

 

 

 

Other receipts/payments

 

-

-

-

 

 

 

 

 

 

 

Cash Flows from Operational Activities (A)

 

0,00

-

-

 

CASH FLOWS' INVESTMENT ACTIVITIES

 

 

 

 

 

 

 

 

 

 

 

Payments regarding:

 

 

 

 

 

Fixed tangible assets

 

-

-

-

 

 

 

 

 

 

 

Intangible assets

 

-

-

-

 

 

 

 

 

 

 

Financial investments

 

-

-

-

 

 

 

 

 

 

 

Other assets

 

-

-

-

 

 

 

 

 

 

 

Receipts from:

 

 

 

 

 

Fixed tangible assets

 

-

-

-

 

 

 

 

 

 

 

Intangible assets

 

-

-

-

 

 

 

 

 

 

 

Financial investments

 

-

-

-

 

 

 

 

 

 

 

Other assets

 

-

-

-

 

 

 

 

 

 

 

Investment subsidies

 

-

-

-

 

 

 

 

 

 

 

Interest and similar income

 

-

-

-

 

 

 

 

 

 

 

Dividends

 

-

-

-

 

 

 

 

 

 

 

Cash Flows' Investments Activities (B)

 

0,00

-

-

 

CASH FLOWS' INVESTMENT ACTIVITIES

 

 

 

 

 

 

 

 

 

 

 

Receipts from:

 

 

 

 

 

Obtained financing

 

-

-

-

 

Paying-up of capital and other equity instruments

 

-

-

-

 

Coverage of losses

 

-

-

-

 

Donations

 

-

-

-

 

Other financing operations

 

-

-

-

 

Payments regarding:

 

 

 

 

 

Obtained financing

 

-

-

-

 

Interests and similar expenses

 

-

-

-

 

Dividends

 

-

-

-

 

Capital's redution and other equity instruments

 

-

-

-

 

Other financing operations

 

-

-

-

 

Cash Flows' Financing Activities ©

 

0,00

-

-

 

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

 

0,00

-

-

 

 

 

 

 

 

 

Effect of exchange differences

 

-

-

-

 

 

 

 

 

 

 

Cash at bank and its equivalents at the start of period

 

-

-

-

 

Cash at bank and its equivalents at the end of period

 

-

-

-

 

 

 

CASH FLOWS

 

 

Movimentos do Periodo de 2014

 

Rubrics

Initial balance

Debits

Credits

Final balance

PERIOD'S CARRYING AMOUNT AND MOVEMENTS

 

 

 

 

Cash in hand

1.355,59

5.345.043,61

5.339.723,46

6.675,74

Order deposits

110.295,53

3.254.604,11

2.991.238,45

373.661,19

Other bank deposits

-

2.522,50

-

2.522,50

Total cash at bank and bank deposits

111.651,12

8.602.170,22

8.330.961,91

382.859,43

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 2014

 

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

-

 

 

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

0,00

-

0,00

Fixed tangible assets

-

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

Development projects

-

-

-

-

Computer programmes

-

-

-

-

Industrial property

-

-

-

-

Others

-

-

-

-

Other assets

-

-

-

-

Grants related to income / operating

-

-

-

-

Value of repayments in the period:

-

0,00

-

0,00

Grants related to assets/investment

-

-

-

-

Grants related to income / operating

-

-

-

-

TOTAL

-

0,00

-

0,00

 

 

IMPAIRMENT LOSSES IN FINANCIAL ASSETS AT COST OR AT AMORTIZED COST

 

 

Movimentos do Periodo de 2014

 

Rubrics

Impairment losses

Impairment losses

Total

 

 

reversals

 

Receivable debts from customers

-

-

0,00

Other receivables

-

-

0,00

Equity instruments and other securities

-

-

0,00

Others

-

-

0,00

TOTAL

0,00

0,00

0,00

 

 

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

 

 

 

 

Average number of

Average number of

Rubrics

employees

hours worked

Company employees, paid and unpaid

6

10.186

Paid company employees

6

10.186

Company UNPAID employees

0

0

Company employees, by type of working hours

 

 

Full time company employees

6

10.186

Of which: Full time company employees

6

10.186

Part time company employees

-

-

Of which: Part time company employees

-

-

Company employees, by gender:

 

 

Men

6

10.186

Women

-

-

Company employees, of which:

 

 

Company employees assigned to Research and Development

-

-

Service providers

-

-

People placed through temporary employment agencies

-

-

 

 

STAFF COSTS

 

 

 

 

 

Rubrics

 

Value

Staff costs

 

65.339,93

Governance Bodies Remuneration

 

1.400,00

Of which: Profit-sharing

 

-

Employees remuneration

 

45.279,66

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

 

11.173,50

Insurance for accidents at work and professional diseases

 

1.940,01

Social security expenses

 

-

Other staff costs

 

5.546,76

Of which:

 

 

Expenditure on education

 

-

Expenditure on uniforms

 

-

 

 

INFORMATION BY GEOGRAPHIC MARKETS

 

 

Geographic markets

Rubrics

Internal

EU

Extra-EU

Total

Sales

2.315.034,73

450,00

85.650,83

2.401.135,56

Services provided

-

-

-

0,00

Purchases

651.264,07

538.950,36

764.264,96

1.954.479,39

Supplies and external services

128.433,28

-

-

128.433,28

Acquisition of fixed tangible assets

28.787,89

-

-

28.787,89

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)

2.401.135,56

-

-

2.401.135,56

Memorandum: Purchases and supplies and external

 

 

 

 

services (undiscounted values)

128.433,28

-

-

128.433,28

 

 

RECEIVABLE AND PAYABLE ACCOUNTS

 

Rubrics

2014

2013

PERIODS

 

 

 

 

 

 

Customers

 

 

 

 

Trade accounts receivable

-

525.858,30

-

 

Trade notes receivable

-

-

-

 

Advances received from customers

-

-

-

 

Suppliers

 

 

 

 

Trade accounts payable

-

464.784,99

-

 

Trade notes payable

-

-

-

 

Trade accounts payable - unchecked invoices

-

-

-

 

Advances to suppliers

-

-

-

 

Staff

 

 

 

 

Payable remunerations

-

-

-

 

Advanced payments

-

-

-

 

Bonds

-

-

-

 

Other operations

-

-

-

 

State and other public sector institutions

 

 

 

 

Income Tax

-

(7.759,36)

-

 

Deductible IVA (debt cumulative amounts)

-

432.468,27

-

 

Paid IVA (credit cumulative amounts)

-

650.260,56

-

 

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

-

10.000,00

-

 

Other receivable and payable accounts

 

 

 

 

Investment providers - general accounts

-

-

-

 

Trade accounts payable - unchecked invoices

-

-

-

 

Advanced payments to investment providers

-

-

-

 

additional income - Debtors

-

-

-

 

additional expenses - Creditors

-

7.288,40

-

 

Deferred tax assets

-

-

-

 

Deferred tax liabilities

-

-

-

 

Unreleased subscriptions - Creditors

-

-

-

 

Advances received on account of sales

-

-

-

 

Other debtors and creditors

 

 

 

 

Other debtors

-

-

-

 

Other creditors

-

-

-

 

 

 

EXPENSE ACCOUNTS

 

Rubrics

2014

2013

PERIODS

 

 

 

 

Supplies and external services

-

109.878,45

-

Subcontracts

-

11.321,03

-

Specialized services

-

7.573,01

-

Specialized works

-

4.447,34

-

Of which: Payments to workers placed through agencies

-

-

-

Advertising and promotion

-

-

-

Surveillance and security

-

-

-

Fees

-

379,21

-

Comissions

-

-

-

Maintenance and repairs

-

2.746,46

-

Others

-

-

-

Materials

-

1.379,20

-

Fast wear tools and utensils

-

365,62

-

Books and technical documentation

-

-

-

Office material

-

1.013,58

-

Gift items

-

-

-

Others

-

-

-

Energy and fluids

-

9.417,40

-

Electricity

-

2.927,61

-

Fuels

-

6.397,43

-

Water

-

92,36

-

Others

-

-

-

Travel, lodging and transportation

-

69.870,14

-

Travel and lodging

-

5.172,36

-

Transport of personnel

-

-

-

Transport of goods

-

64.697,78

-

Others

-

-

-

Different services

-

10.317,67

-

Rents and leases

-

-

-

Of which: Rents from land

-

-

-

Communication

-

2.938,01

-

Insurance

-

1.840,27

-

Royalties

-

-

-

Litigation and Notaries

-

-

-

Representation expenses

-

-

-

Cleaning, hygiene and comfort

-

50,00

-

Other services

-

5.489,39

-

 

 

DELIBERATION OF APPROVAL OF ACCOUNTS

 

Were the financial year's accounts approved?

YES

 

Data da Aprovação: 30-03-2015 By (Unanimity/Majority):

Unanimity

 

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

100

 

The accounts were approved:

In general meeting regularly convoked

 

The accounts were approved:

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

 

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

 

Rubrics

2014

2013

Retained earnings

142.142,52

101.872,81

Allocated results / Available profits

0,00

-

Percentages or bonuses to managing bodies

0,00

-

Ditto to staff

0,00

-

Reserves

0,00

-

Coverage of losses

-

-

7. Others

0,00

0,00

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

142.142,52

101.872,81

 

 

MANAGEMENT REPORT / ASSESSMENT OF THE INSPECTION BODY / LEGAL CERTIFICATION OF ACCOUNTS

 

MANAGEMENT REPORT

Were the Management Report and financial year's accounts prepared?

YES

 

Were the management report and the financial year's accounts signed by all members of the management / administration?

YES

 

ASSESSMENT OF THE INSPECTION BODY

The entity has an inspection body?

NO

 

Has the inspection body issued an assessment?

Information Available

 

The inspection body pronounced:

Information Available

 

 

LEGAL CERTIFICATION OF ACCOUNTS (CLC)

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

NO

Identificação do ROC:

 

Was the Legal certification of accounts issued?

Information Available

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.65.22

UK Pound

1

Rs.99.93

Euro

1

Rs.71.67

 

INFORMATION DETAILS

 

Analysis Done by :

HNA

 

 

Report Prepared by :

TRU

 

               

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.