MIRA INFORM REPORT
|
Report No. : |
349054 |
|
Report Date : |
20.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
IRMALEX-CENTRO DE SERVICOS
SIDERURGICOS SA |
|
|
|
|
Registered Office : |
Rua da Estrada
4610-744-SENDIM FLG Municipality
Felgueiras Porto |
|
|
|
|
Country : |
Portugal |
|
|
|
|
Financials (as on) : |
2014 |
|
|
|
|
Date of Incorporation : |
25.06.1992 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees : |
50 |
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 : |
Moderate |
|
|
|
|
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 IRMALEX-CENTRO DE SERVICOS
SIDERURGICOS
SA
V.A.T. Number / NIF 502799277
Address Rua da
Estrada
Postal Code 4610-744-SENDIM
FLG
Municipality FELGUEIRAS
District PORTO
Country Portugal
Telephone 255311453
Fax 255924106
E-Mail geral@irmalex.pt
Web Site www.irmalex.com
CAE Main 46732-
Wholesale trade of construction
materials
(except wood) and sanitary equipment
CAE
Secondary 68100-
Buying and selling of real estate
FINANCIAL
HIGHLIGHTS
|
|
2012 |
2013 |
2014 |
|
Net Sales |
8.872.528,83 |
12.679.090,44 |
17.416.870,81 |
|
Net Income For the Year |
273.574,37 |
135.012,77 |
877.838,66 |
|
Shareholders Funds |
686.995,70 |
822.827,94 |
1.680.762,88 |
|
Stocks |
2.548.473,02 |
2.631.136,66 |
2.259.177,88 |
|
LIABILITY |
10.483.958,88 |
12.381.042,39 |
15.163.799,18 |
|
ASSETS |
11.170.954,58 |
13.203.870,33 |
16.844.562,06 |
SUMMARY
Legal Form Joint
Stock Company
Constitution 25-06-1992
V.A.T. Number / NIF 502799277
Employees 50
Capital 155.000,00
Sales in : 31-12-2014 17.416.870,81
Shareholders Funds in: 31-12-2014 1.680.762,88
Credit Recommendation All
Prudence
Payments No
Complaints
Rating E4
Actual Condition In
activity
INCIDENTS
Summary of Claims (Last 5 Years)
|
Year |
Quantity |
Total € |
|
2014 |
1 |
6.022,25 |
|
2013 |
1 |
303.650,00 |
|
2012 |
1 |
21.140,64 |
|
2011 |
1 |
2.000,00 |
|
Total |
4 |
332.812,89 |
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.
GOVERNING
BODIES
Board of Director's
JOAQUIM LUIS SOUSA GUIMARAES MARTINS Unique Administrator
Fiscal Board
ESTEVES, PINHO & ASSOCIADOS, SROC LDA Unique Fiscal
LUIS MANUEL MOURA ESTEVES Fiscal
Board Substitute
LEGAL
STRUCTURE
Registed on the Register Record Office of Felgueiras with
the Register Number 502799277 previous number 990 in 30-06-1992
Constitution celebrated in 25-06-1992
To oblige the company it is necessary 1 signatures
Changes to Society
In 29-12-2014 on Portal MJ of 29-12-2014 update of the Head
Office Village
In 17-11-2014 on Portal MJ of 19-11-2014 appointment of
board of directors
In 12-11-2014 on Portal MJ of 17-11-2014 change in to a
joint stock company
In 29-11-2005 on Diário da República number 104 of
30-05-2006 manager change
In 12-08-2005 on Diário da República number 26 of 06-02-2006
denomination change Clique para ver detalhes
from Irmalex-Sociedade de Construções Lda to Irmalex-Centro
de Serviços Siderúrgicos Lda, change of registered office and change of
activity
CAPITAL
The Capital is 155.000,00 , divided in 31000 shares , with a nominal
value of 5,00
with the following shareholders
IRMAOS GUIMARAES MARTINS, SGPS SA 93.600,00
60,387%
JULIO ALBINO DE SOUSA GUIMARAES MARTINS 500,00
0,323%
PEDRO FILIPE DE SOUSA GUIMARAES MARTINS 500,00
0,323%
PROMOCONSEC-SOCIEDADE DE CONSTRUCOES E IMOBILIARIA
UNIPESSOAL LDA 59.900,00
38,645%
JOAQUIM LUIS SOUSA GUIMARAES MARTINS 500,00
0,323%
SHAREHOLDERS
/ PARTNERS COMPANIES
NAME IRMAOS GUIMARAES
MARTINS, SGPS SA
Funtion Shareholder
Address Zona Industrial de
Cabeça de Porca
Locality 4610-733 SENDIM
Telephone 255311822
C.A.E. 64202- Activities
of a holding company non-financial
IIC Number 570330
NAME PROMOCONSEC-SOCIEDADE
DE CONSTRUCOES E IMOBILIARIA UNIPESSOAL LDA
Funtion Shareholder
Address Cabeça de Porca
Locality 4610-733 SENDIM
Telephone 255926718
Fax 255926722
C.A.E. 68100- Buying and
selling of real estate
ACTIVITIES
Main CAE 46732-
Wholesale trade of construction materials (except wood) and sanitary equipment
68100-
Buying and selling of real estate
Business Description
Trade and industry of steel products, trade articles for construction
and the purchase and sale of real estate, including resale of purchased for
this purpose
Geographic
Distribution of Sales
|
|
Internal Market |
|
International Market |
|
|||
|
Year |
|
|
|
EU |
|
Extra-EU |
Total |
|
|
|
|
|
|
|
|
|
|
2014 |
14.431.551,12 |
82,86% |
445.887,57 |
2,56% |
2.539.432,12 |
14,58% |
17.416.870,81 |
|
2013 |
10.613.580,39 |
83,71% |
356.420,00 |
2,81% |
1.709.090,05 |
13,48% |
12.679.090,44 |
|
2012 |
8.366.381,18 |
94,30% |
143.428,78 |
1,62% |
362.718,87 |
4,09% |
8.872.528,83 |
|
2011 |
10.909.703,09 |
67,66% |
113.652,89 |
0,70% |
5.102.119,74 |
31,64% |
16.125.475,72 |
|
2010 |
10.132.774,49 |
83,82% |
275.897,42 |
2,28% |
1.679.695,83 |
13,90% |
12.088.367,74 |
Geographic Distribution of Purchases
|
|
Internal
Market |
|
International
Market |
|
|
||
|
Year |
|
|
|
EU |
Extra-EU |
Total |
|
|
|
|
|
|
|
|
|
|
|
2014 |
2.255.730,19 |
18,39% |
4.477.494,99 |
36,50% |
5.533.320,13 |
45,11% |
12.266.545,31 |
|
2013 |
5.470.680,48 |
54,50% |
1.958.511,70 |
19,51% |
2.609.073,96 |
25,99% |
10.038.266,14 |
|
2012 |
6.216.435,78 |
82,83% |
798.457,22 |
10,64% |
490.218,55 |
6,53% |
7.505.111,55 |
|
2011 |
6.249.197,53 |
63,33% |
1.527.470,22 |
15,48% |
2.090.465,61 |
21,19% |
9.867.133,36 |
|
2010 |
10.399.568,96 |
88,05% |
727.317,86 |
6,16% |
683.999,47 |
5,79% |
11.810.886,29 |
BANKS
AND FINANCIAL INSTITUTIONS
BANCO BPI, SA Felgueiras
MILLENNIUM BCP Felgueiras
NOVO BANCO, SA Centro
de Empresas - Guimarães
CAIXA DE CREDITO AGRICOLA MUTUO Felgueiras
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 |
|
|
|
€ |
|
2014 |
1 |
6.022,25 |
|
2013 |
1 |
303.650,00 |
|
2012 |
1 |
21.140,64 |
|
2011 |
1 |
2.000,00 |
|
Total |
4 |
332.812,89 |
LEGAL
ACTIONS
|
Date |
Process |
Author |
Type |
Amount |
Judicial District |
Court |
Situation |
|
13-08-2014 |
1177/14.3TBFLG |
Jfs - Engenharia e Construção Lda |
T-Acção de Processo Comum |
6.022,25 |
Felgueiras - Tribunal Judicial |
|
|
|
15-03-2013 |
1856/13.2TBMTS |
Ibero-Linhas (Porto) - Transportes, Lda. |
Acção Declarativa ao abrigo do DL 108/2006 |
303.650,00 |
Matosinhos - Tribunal Judicial |
|
|
|
29-11-2012 |
144/12.6TBMDR |
Jaime Augusto Pires |
S-Sumária |
21.140,64 |
Miranda do Douro - Tribunal Judicial |
|
|
|
|
|
|
|
|
|
|
|
|
28-11-2011 |
2290/11.4TBFLG |
Lusitânia - Companhia de Seguros, S.A. |
M-Sumaríssima |
2.000,00 |
Felgueiras - Tribunal Judicial |
|
|
EMPLOYEES
|
Year |
Total |
|
Men |
Women |
|
|
2014 |
50 |
41 |
82% |
9 |
18% |
|
2013 |
37 |
30 |
81% |
7 |
19% |
|
2012 |
35 |
28 |
80% |
7 |
20% |
|
2011 |
36 |
27 |
75% |
9 |
25% |
|
2010 |
36 |
27 |
75% |
9 |
25% |
INSURANCE
Axa Companhia de
Seguros SA
HEAD
OFFICE AND INSTALLATIONS
Has head office Rua da
Estrada, 4610-744, SENDIM FLG
Had head office Zona
Industrial de Sendim, Lugar de Cabeça de Porca, 4610-733, SENDIM FLG
FINANCIAL
DEMONSTRATION SNC
Balance Sheet SNC
|
CoinEUROS |
|
|
|
Year:2014 |
|
|
2014 |
2013 |
2012 |
%
Var.2014/13 |
|
ASSET |
|
|
|
|
|
Non-current assets |
|
|
|
|
|
Tangible fixed assets |
2.897.257,54 |
2.618.505,06 |
574.711,36 |
10,65% |
|
Investment properties |
1.119.411,78 |
721.376,46 |
721.376,46 |
55,18% |
|
Goodwill |
- |
- |
- |
- |
|
Intangible assets |
- |
- |
- |
- |
|
Biological assets |
- |
- |
- |
- |
|
Financial participations - patrimonial equity method |
222.443,29 |
40.059,20 |
900.715,10 |
455,29% |
|
Financial participations - other methods |
- |
- |
- |
- |
|
Shareholders/partners |
- |
- |
- |
- |
|
Other financial assets |
27.991,49 |
30.500,00 |
20.500,00 |
(8,22)% |
|
Deferred tax assets |
- |
- |
- |
- |
|
Financial investments(exclusive use by small entities |
- |
- |
- |
- |
|
and micro entities) |
|
|
|
|
|
Total |
4.267.104,10 |
3.410.440,72 |
2.217.302,92 |
25,12% |
|
Current assets |
|
|
|
|
|
Inventories |
2.259.177,88 |
2.631.136,66 |
2.548.473,02 |
(14,14)% |
|
Biological assets |
- |
- |
- |
- |
|
Costumers |
4.415.910,07 |
3.497.716,33 |
3.214.059,44 |
26,25% |
|
Advances to suppliers |
408.016,69 |
350.816,12 |
289.100,73 |
16,31% |
|
State and other public entities |
114.149,48 |
764.038,15 |
9.737,92 |
(85,06)% |
|
Shareholders/partners |
304.945,35 |
469.828,89 |
1.685.477,09 |
(35,09)% |
|
Other accounts receivable |
874.596,25 |
551.019,32 |
282.867,93 |
58,72% |
|
Deferrals |
308.411,71 |
140.439,96 |
10.503,63 |
119,60% |
|
Financial assets held for trading |
11.181,32 |
7.986,11 |
5.156,57 |
40,01% |
|
Other financial assets |
- |
- |
- |
- |
|
Non-current assets held for sale |
- |
- |
- |
- |
|
Other current assets |
- |
- |
- |
- |
|
Cashier and bank deposits |
3.881.069,21 |
1.380.448,07 |
908.275,33 |
181,15% |
|
Total |
12.577.457,96 |
9.793.429,61 |
8.953.651,66 |
28,43% |
|
TOTAL ASSET |
16.844.562,06 |
13.203.870,33 |
11.170.954,58 |
27,57% |
|
SHAREHOLDERS FUNDS AND LIABILITIES |
|
|
|
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
Capital |
155.000,00 |
149.639,40 |
149.639,40 |
3,58% |
|
Own shares |
- |
- |
- |
- |
|
Other shareholders funds instruments |
- |
- |
- |
- |
|
Emission premiuns |
- |
- |
- |
- |
|
Legal reserves |
29.927,88 |
29.927,88 |
29.927,88 |
- |
|
Other reserves |
432.024,69 |
297.011,92 |
23.437,55 |
45,46% |
|
Net retained |
211.235,97 |
211.235,97 |
211.235,97 |
- |
|
Adjustments on financial assets |
(25.264,32) |
- |
(819,47) |
- |
|
Revaluation surplus |
- |
- |
- |
- |
|
Other shareholders funds changes |
- |
- |
- |
- |
|
Total |
802.924,22 |
687.815,17 |
413.421,33 |
16,74% |
|
Net income for the period |
877.838,66 |
135.012,77 |
273.574,37 |
550,19% |
|
Antecipated dividends |
- |
- |
- |
- |
|
TOTAL OF SHAREHOLDERS FUNDS |
1.680.762,88 |
822.827,94 |
686.995,70 |
104,27% |
|
LIABILITY |
|
|
|
|
|
Non-current liiabilities |
|
|
|
|
|
Provisions |
- |
- |
- |
- |
|
Financing obtained |
3.705.222,05 |
659.011,28 |
266.724,62 |
462,24% |
|
Responsability for post-employment beneficts |
- |
- |
- |
- |
|
Diferred taxes liabilities |
- |
7.500,00 |
7.500,00 |
- |
|
Other payable accounts |
- |
- |
- |
- |
|
Total |
3.705.222,05 |
666.511,28 |
274.224,62 |
455,91% |
|
Current liabilities |
|
|
|
|
|
Suppliers |
4.482.506,20 |
5.535.771,64 |
5.860.483,83 |
(19,03)% |
|
Advances from costumers |
410.480,32 |
382.576,90 |
47.316,16 |
7,29% |
|
State and other public entities |
303.721,39 |
129.528,92 |
81.605,26 |
134,48% |
|
Shareholders/partners |
- |
- |
- |
- |
|
Financing obtained |
5.622.133,41 |
2.434.369,68 |
2.760.423,15 |
130,95% |
|
Other payable accounts |
639.735,81 |
3.232.283,97 |
1.459.905,86 |
(80,21)% |
|
Deferrals |
- |
- |
- |
- |
|
Financial liabilities held for trading |
- |
- |
- |
- |
|
Other financial liabilities |
- |
- |
- |
- |
|
Non-current liabilities held for sale |
- |
- |
- |
- |
|
Other current liabilities |
- |
- |
- |
- |
|
Total |
11.458.577,13 |
11.714.531,11 |
10.209.734,26 |
(2,18)% |
|
TOTAL LIABILITIES |
15.163.799,18 |
12.381.042,39 |
10.483.958,88 |
22,48% |
|
TOTAL SHAREHOLDERS FUNDS AND LIABILITIES |
16.844.562,06 |
13.203.870,33 |
11.170.954,58 |
27,57% |
|
INCOME STATEMENT |
|
|
|
|
|
INCOME AND EXPENSES |
|
|
|
|
|
Sales and services |
17.416.870,81 |
12.679.090,44 |
8.872.528,83 |
37,37% |
|
Operating government grants |
- |
- |
- |
- |
|
Gains/losses allocated subsidiaries, associates and joint |
4.207,61 |
- |
711,94 |
- |
|
ventures |
|
|
|
|
|
Variation in production inventories |
- |
- |
- |
- |
|
Work for the entity itself |
- |
- |
- |
- |
|
Cost of goods sold and materials consumed |
12.448.720,72 |
9.955.671,32 |
6.566.034,21 |
25,04% |
|
Suppliers and external services |
1.500.607,38 |
1.523.670,02 |
859.515,19 |
(1,51)% |
|
Personnel costs |
1.056.059,40 |
759.570,92 |
887.913,16 |
39,03% |
|
Impairment of inventories (losses/revearsals) |
200.420,00 |
- |
- |
- |
|
Impairment of receivables (losses/revearsals) |
41.535,97 |
170.611,44 |
61.417,76 |
(75,65)% |
|
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 |
(3.108,29) |
2.829,54 |
41,25 |
(209,85)% |
|
Other income and gains |
236.273,46 |
371.935,88 |
298.010,98 |
(36,47)% |
|
Other expenses and losses |
377.758,48 |
66.375,31 |
48.863,43 |
469,12% |
|
Result before depreciation, financing costs and taxes |
2.029.141,64 |
577.956,85 |
747.549,25 |
251,09% |
|
Expenses/reversals of depreciation and amortization |
744.469,27 |
220.492,48 |
251.091,17 |
237,64% |
|
Impairment of investments depreciable/amortizable |
|
|
|
|
|
|
- |
- |
- |
- |
|
(losses/reversals) |
|
|
|
|
|
Operating result (before financing costs and taxes) |
1.284.672,37 |
357.464,37 |
496.458,08 |
259,38% |
|
Interest and similar income obtained |
24.898,33 |
19.089,68 |
133.477,73 |
30,43% |
|
interest and similar expenses incurred |
362.447,97 |
187.382,26 |
232.200,56 |
93,43% |
|
Net before taxes |
947.122,73 |
189.171,79 |
397.735,25 |
400,67% |
|
Income tax of the period |
69.284,07 |
54.159,02 |
124.160,88 |
27,93% |
|
Net profit for the period |
877.838,66 |
135.012,77 |
273.574,37 |
550,19% |
|
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 |
0,522 |
0,164 |
0,398 |
|
Assets Profitability |
0,076 |
0,027 |
0,044 |
|
Sales Net Profitability |
0,05 |
0,011 |
0,031 |
|
EFFICIENCY RATIOS |
|
|
|
|
Medium Term Receivable |
92,543 |
100,69 |
132,221 |
|
Asset Rotation |
1,034 |
0,96 |
0,794 |
|
PRODUCTIVITY RATIOS |
|
|
|
|
Productivity |
4,704 |
3,585 |
2,598 |
|
SHORT TERM RATIOS |
|
|
|
|
General Liquidity |
1,098 |
0,836 |
0,877 |
|
Reduced Liquidity |
0,9 |
0,611 |
0,627 |
|
Immediate Liquidity |
0,339 |
0,118 |
0,089 |
|
MEDIUM LONG TERM RATIOS |
|
|
|
|
Financial Autonomy |
0,1 |
0,062 |
0,061 |
|
Solvability |
0,111 |
0,066 |
0,066 |
|
Borrowed Capital Structure |
0,756 |
0,946 |
0,974 |
|
General Debt |
5,549 |
3,759 |
4,406 |
|
Medium Long Term Debt |
2,204 |
0,801 |
0,388 |
|
Debt Structure |
0,756 |
0,946 |
0,974 |
|
Capital Structure |
0,454 |
1,235 |
2,505 |
|
Operational and Financial Risk |
|
|
|
|
Operational Leverage Level |
3,867 |
7,619 |
4,646 |
|
Financial Leverage Level |
1,356 |
1,89 |
1,248 |
|
Combined Leverage Level |
5,244 |
14,4 |
5,798 |
CASH
FLOW STATEMENT
|
|
|
|
|
Rubrics |
2014 |
2013 |
PERIODS |
|
CASH FLOWS FROM OPERATIONAL ACTIVITIES |
|
|
|
|
Customers receipts |
22.025.671,75 |
14.131.897,99 |
55,86% |
|
Payments to suppliers |
18.483.806,12 |
14.080.570,62 |
31,27% |
|
Payments to employees |
1.014.694,66 |
776.257,97 |
30,72% |
|
Cash at bank generated from operations |
2.527.170,97 |
(724.930,60) |
448,61% |
|
Payment/receipt of income tax |
(19.922,28) |
(508.005,18) |
96,08% |
|
Other receipts/payments |
(162.757,78) |
(230.242,85) |
29,31% |
|
Cash Flows from Operational Activities (A) |
2.344.490,91 |
(1.463.178,63) |
260,23% |
|
CASH FLOWS' INVESTMENT ACTIVITIES |
|
|
|
|
Payments regarding: |
|
|
|
|
Fixed tangible assets |
4.244.516,75 |
183.504,37 |
2.213,03% |
|
Intangible assets |
- |
- |
- |
|
Financial investments |
1.422,29 |
47.559,20 |
(97,01)% |
|
Other assets |
400.348,82 |
10.000,00 |
3.903,49% |
|
Receipts from: |
|
|
|
|
Fixed tangible assets |
3.560.604,00 |
- |
- |
|
Intangible assets |
- |
67.500,00 |
- |
|
Financial investments |
- |
1.000.000,00 |
- |
|
Other assets |
- |
- |
- |
|
Investment subsidies |
- |
- |
- |
|
Interest and similar income |
39.611,81 |
912,60 |
4.240,54% |
|
Dividends |
265,11 |
265,11 |
0,00% |
|
Cash Flows' Investments Activities (B) |
(1.045.806,94) |
827.614,14 |
(226,36)% |
|
CASH FLOWS' INVESTMENT ACTIVITIES |
|
|
|
|
Receipts from: |
|
|
|
|
Obtained financing |
11.127.964,10 |
66.233,19 |
16.701,19% |
|
Paying-up of capital and other equity instruments |
5.360,60 |
- |
- |
|
Coverage of losses |
- |
- |
- |
|
Donations |
- |
- |
- |
|
Other financing operations |
1.600.000,00 |
1.370.000,00 |
16,79% |
|
Payments regarding: |
|
|
|
|
Obtained financing |
9.510.478,29 |
- |
- |
|
Interests and similar expenses |
382.292,78 |
174.144,16 |
119,53% |
|
Dividends |
- |
- |
- |
|
Capital's redution and other equity instruments |
- |
- |
- |
|
Other financing operations |
1.638.616,46 |
154.351,80 |
961,61% |
|
Cash Flows' Financing Activities © |
1.201.937,17 |
1.107.737,23 |
8,50% |
|
Variation in cash at bank and its equivalents (A+B+C) |
2.500.621,14 |
472.172,74 |
429,60% |
|
Effect of exchange differences |
- |
- |
- |
|
Cash at bank and its equivalents at the start of period |
1.380.448,07 |
908.275,33 |
51,99% |
|
Cash at bank and its equivalents at the end of period |
3.881.069,21 |
1.380.448,07 |
181,15% |
|
|
Movimentos
do Periodo de 2014 |
|||
|
Rubrics |
Initial balance |
Debits |
Credits |
Final balance |
|
PERIOD'S CARRYING AMOUNT AND MOVEMENTS |
|
|
|
|
|
Cash in hand |
48.885,49 |
2.801.313,44 |
2.648.620,14 |
201.578,79 |
|
Order deposits |
425.872,33 |
35.986.250,37 |
35.538.676,09 |
873.446,61 |
|
Other bank deposits |
905.690,25 |
10.401.954,47 |
8.501.600,91 |
2.806.043,81 |
|
Total cash at bank and bank deposits |
1.380.448,07 |
49.189.518,28 |
46.688.897,14 |
3.881.069,21 |
|
Of which: Bank deposits abroad |
- |
- |
- |
0,00 |
|
OTHER INFORMATION |
Value |
|
Receipts from: |
|
|
about:blank |
05-11-2015 |
|
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 |
- |
|
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 |
|
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 reversals |
Total |
|
Receivable debts from customers |
58.188,44 |
16.652,47 |
41.535,97 |
|
Other receivables |
- |
- |
0,00 |
|
Equity instruments and other securities |
- |
- |
0,00 |
|
Others |
- |
- |
0,00 |
|
TOTAL |
58.188,44 |
16.652,47 |
41.535,97 |
|
DEBTS REGISTERED AS
DOUBTFUL |
|
|
Rubrics |
Value |
|
Regarding insolvency and company recovery procedures or
enforcement procedures |
58.188,44 |
|
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 |
58.188,44 |
EMPLOYEE BENEFITS, COMPANY EMPLOYEES AND
PERSONNEL COSTS
|
Rubrics |
Average number of employees |
Average number of hours
worked |
|
Company employees, paid and unpaid |
50 |
87.563 |
|
Paid company employees |
50 |
87.563 |
|
Company UNPAID employees |
0 |
0 |
|
Company employees, by type of working hours |
|
|
|
Full time company employees |
50 |
87.563 |
|
Of which: Full time company employees |
50 |
87.563 |
|
Part time company employees |
- |
- |
|
Of which: Part time company employees |
- |
- |
|
Company employees, by gender: |
|
|
|
Men |
41 |
73.642 |
|
Women |
9 |
13.921 |
|
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 |
1.056.059,40 |
|
Governance Bodies Remuneration |
125.530,30 |
|
Of which: Profit-sharing |
- |
|
Employees remuneration |
727.278,24 |
|
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 |
185.627,29 |
|
Insurance for accidents at work and professional diseases |
13.139,33 |
|
Social security expenses |
1.993,56 |
|
Other staff costs |
2.490,68 |
|
Of which: |
|
|
Expenditure on education |
- |
|
Expenditure on uniforms |
- |
INFORMATION BY GEOGRAPHIC MARKETS
|
|
Geographic
markets |
|
||
|
Rubrics |
Internal |
EU |
Extra-EU |
Total |
|
Sales |
14.426.219,56 |
365.527,07 |
2.386.732,12 |
17.178.478,75 |
|
Services provided |
5.331,56 |
80.360,50 |
152.700,00 |
238.392,06 |
|
Purchases |
2.255.730,19 |
4.477.494,99 |
5.533.320,13 |
12.266.545,31 |
|
Supplies and external services |
1.274.906,80 |
211.044,12 |
14.656,46 |
1.500.607,38 |
|
Acquisition of fixed tangible assets |
3.913.221,75 |
- |
- |
3.913.221,75 |
|
Acquisition of investment properties |
398.035,32 |
- |
- |
398.035,32 |
|
Acquisition of intangible assets |
- |
- |
- |
0,00 |
|
Supplementary income: |
61.528,17 |
0,00 |
0,00 |
61.528,17 |
|
Social services |
- |
- |
- |
0,00 |
|
Equipment rental |
1.600,00 |
- |
- |
1.600,00 |
|
Studies, projects and technological assistance |
- |
- |
- |
0,00 |
|
Royalities |
- |
- |
- |
0,00 |
|
Others |
59.928,17 |
- |
- |
59.928,17 |
|
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 |
2014 |
2013 |
PERIODS |
|
Customers |
|
|
|
|
Trade accounts
receivable |
2.944.287,52 |
3.651.961,77 |
(19,38)% |
|
Trade notes
receivable |
2.037.433,81 |
16.366,00 |
12.349,19% |
|
Advances received
from customers |
410.480,32 |
382.576,90 |
7,29% |
|
Suppliers |
|
|
|
|
Trade accounts
payable |
4.482.506,20 |
5.242.348,91 |
(14,49)% |
|
Trade notes payable |
- |
293.422,73 |
- |
|
Trade accounts
payable - unchecked invoices |
- |
- |
- |
|
Advances to suppliers |
408.016,69 |
350.816,12 |
16,31% |
|
Staff |
|
|
|
|
Payable remunerations |
39.430,76 |
27.180,37 |
45,07% |
|
Advanced payments |
- |
- |
- |
|
Bonds |
- |
- |
- |
|
Other operations |
- |
3.824,05 |
- |
|
State and other
public sector institutions |
|
|
|
|
Income Tax |
(23.396,19) |
33.465,60 |
(169,91)% |
|
Deductible IVA (debt
cumulative amounts) |
3.579.933,77 |
2.704.871,26 |
32,35% |
|
Paid IVA (credit
cumulative amounts) |
6.420.740,01 |
4.576.633,95 |
40,29% |
|
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 |
- |
469.828,89 |
- |
|
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 |
- |
2.697.450,00 |
- |
|
Trade accounts
payable - unchecked invoices |
- |
- |
- |
|
Advanced payments to
investment providers |
9.314,73 |
- |
- |
|
additional income -
Debtors |
200.565,75 |
18.177,08 |
1.003,40% |
|
additional expenses -
Creditors |
238.816,42 |
147.860,16 |
61,52% |
|
Deferred tax assets |
- |
- |
- |
|
Deferred tax
liabilities |
- |
7.500,00 |
- |
|
Unreleased
subscriptions - Creditors |
- |
- |
- |
|
Advances received on
account of sales |
- |
- |
- |
|
Other debtors and
creditors |
|
|
|
|
Other debtors |
664.715,77 |
389.642,03 |
70,60% |
|
Other creditors |
90.198,50 |
18.929,41 |
376,50% |
|
EXPENSE ACCOUNTS |
|
|
|
|
Rubrics |
2014 |
2013 |
PERIODS |
|
about:blank |
|
|
05-11-2015 |
|
Supplies and external services |
1.500.607,38 |
1.523.670,02 |
(1,51)% |
|
Subcontracts |
53.670,29 |
574.819,42 |
(90,66)% |
|
Specialized services |
517.095,01 |
224.237,43 |
130,60% |
|
Specialized works |
66.989,88 |
44.056,44 |
52,05% |
|
Of which: Payments to workers placed through agencies |
- |
- |
- |
|
Advertising and promotion |
11.591,65 |
10.429,32 |
11,14% |
|
Surveillance and security |
914,21 |
541,97 |
68,68% |
|
Fees |
7.456,28 |
8.908,93 |
(16,31)% |
|
Comissions |
138.187,50 |
746,27 |
18.417,09% |
|
Maintenance and repairs |
173.457,60 |
93.053,33 |
86,41% |
|
Others |
118.497,89 |
66.501,17 |
78,19% |
|
Materials |
60.878,04 |
35.002,86 |
73,92% |
|
Fast wear tools and utensils |
17.232,09 |
21.060,46 |
(18,18)% |
|
Books and technical documentation |
23,59 |
58,59 |
(59,74)% |
|
Office material |
24.679,63 |
9.729,05 |
153,67% |
|
Gift items |
18.942,73 |
4.154,76 |
355,93% |
|
Others |
- |
- |
- |
|
Energy and fluids |
320.720,17 |
226.249,07 |
41,76% |
|
Electricity |
101.757,64 |
24.769,25 |
310,82% |
|
Fuels |
209.617,52 |
196.503,93 |
6,67% |
|
Water |
158,47 |
46,03 |
244,28% |
|
Others |
9.186,54 |
4.929,86 |
86,34% |
|
Travel, lodging and transportation |
295.119,27 |
301.941,09 |
(2,26)% |
|
Travel and lodging |
96.796,98 |
29.787,31 |
224,96% |
|
Transport of personnel |
- |
- |
- |
|
Transport of goods |
198.322,29 |
272.153,78 |
(27,13)% |
|
Others |
- |
- |
- |
|
Different services |
253.124,60 |
161.420,15 |
56,81% |
|
Rents and leases |
172.269,79 |
110.510,42 |
55,89% |
|
Of which: Rents from land |
- |
- |
- |
|
Communication |
25.652,53 |
27.479,83 |
(6,65)% |
|
Insurance |
24.164,81 |
14.821,08 |
63,04% |
|
Royalties |
- |
- |
- |
|
Litigation and Notaries |
6.655,79 |
3.410,98 |
95,13% |
|
Representation expenses |
19.087,12 |
3.000,00 |
536,24% |
|
Cleaning, hygiene and comfort |
5.294,56 |
2.197,84 |
140,90% |
|
Other services |
- |
- |
- |
DELIBERATION OF APPROVAL OF ACCOUNTS
Were the financial year's accounts approved?
YES
Data da Aprovação: 31-03-2015
By (Unanimity/Majority):
Unanimity
Percentage of issued votes related to the share capital
subscribed with voting right
100
The accounts were approved:
In 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 |
2014 |
2013 |
|
Retained earnings |
1.089.074,63 |
346.248,74 |
|
Allocated results / Available profits |
- |
- |
|
Percentages or bonuses to managing bodies |
- |
- |
|
Ditto to staff |
- |
- |
|
Reserves |
877.838,66 |
135.012,77 |
|
Coverage of losses |
- |
- |
|
7. Others |
- |
- |
|
BALANCE (1-2-3-4-5-6-7) |
211.235,97 |
211.235,97 |
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?
YES
Identificação do ROC: 507111931
Was the Legal certification of accounts issued?
YES
Without reservation
With emphasis
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.11 |
|
UK Pound |
1 |
Rs.101.03 |
|
Euro |
1 |
Rs.70.71 |
INFORMATION DETAILS
|
Analysis
Done by : |
RAS |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.