MIRA INFORM REPORT

 

 

Report No. :

350801

Report Date :

21.11.2015

           

IDENTIFICATION DETAILS

 

Name :

MAGNIESTREIA-COMERCIO INTERNACIONAL UNIPESSOAL LDA

 

 

Registered Office :

Rua Das Agras, Nº. 180 4610-251-Felgueiras Porto

 

 

Country :

Portugal

 

 

Financials (as on) :

2014

 

 

Date of Incorporation :

20.12.2007

 

 

Legal Form :

One Man Company

 

 

Line of Business :

Wholesale trade of skins and hides.

 

 

No. of Employee :

3

 

 

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 :

Slow but correct

 

 

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

MAGNIESTREIA-COMERCIO INTERNACIONAL UNIPESSOAL LDA

V.A.T. Number / NIF

508405319

Address

Rua das Agras, nº. 180

Postal Code

4610-251-FELGUEIRAS

Municipality 

FELGUEIRAS

District

PORTO

Country

Portugal

Telephone

255341309, 255341308

Fax

255341309

CAE Main

46240- Wholesale trade of skins and hides

 

 

FINANCIAL HIGHLIGHTS

 

 

2012

2013

2014

Net Sales

144.470,74

198.857,12

167.114,62

Net Income

For the Year

26.011,38

24.664,04

2.246,36

Shareholders Funds

31.053,60

55.717,64

57.964,00

Stocks

11.652,70

50.473,80

74.356,64

LIABILITY

66.056,73

102.291,32

145.446,76

ASSETS

97.110,33

158.008,96

203.410,76

 

 

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

One Man Company

Constitution

20-12-2007

V.A.T. Number / NIF

508405319

Employees

3

Capital

25.000,00

Sales in : 31-12-2014

167.114,62

Shareholders Funds in: 31-12-2014

57.964,00

Credit Risk Level

Acceptable Credit Risk

Credit Limit

3.741,00

Payments

Good

Credit Recommendation

Close Following

Rating

L3

Actual Condition

In activity

 

 

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.

 

 

LEGAL STRUCTURE

 

Registed on the Register Record Office of Felgueiras with the Register Number 508405319 in 20-12-2007

Constitution celebrated in 20-12-2007 published on Portal MJ of 20-12-2007

To oblige the company it is necessary 1 signatures

 

 

Changes to Society

 

In 09-12-2013 on Portal MJ of 09-12-2013 update of the Head Office Village

In 14-09-2012 on Portal MJ of 17-09-2012 increase of capital

 

 

CAPITAL

 

The Capital is 25.000,00

 

with the following distribution

 

ARNALDO PINHEIRO TEIXEIRA                         25.000,00                      100%

 

 

BIOGRAPHIES

 

Name               ARNALDO PINHEIRO TEIXEIRA

Funtion            Partner

Address           Rua das Agras, nº180

Locality            4610-251 FELGUEIRAS

Civil State        Married

Consort            Eva Maria Ferreira Félix Teixeira

 

 

ACTIVITIES

 

Main CAE 46240- Wholesale trade of skins and hides

 

Business Description

 

International trade, import and export of wide variety of items, including fur, leather, clothing, footwear and clothing accessories, leather goods, motor vehicles, furniture, stationery and office supplies, housewares, textiles and textile articles home machines and industrial equipment. Buying and selling of real estate

 

 

Geographic Distribution of Sales

 

 

Internal Market

 

 

International Market

 

 

 

Year

 

 

 

EU

Extra-EU

 

Total

2014

167.114,62

100,00%

0,00

0,00%

0,00

0,00%

167.114,62

2013

198.857,12

100,00%

0,00

0,00%

0,00

0,00%

198.857,12

2012

144.470,74

100,00%

0,00

0,00%

0,00

0,00%

144.470,74

2011

73.285,24

100,00%

0,00

0,00%

0,00

0,00%

73.285,24

2010

43.082,79

100,00%

0,00

0,00%

0,00

0,00%

43.082,79

 

 

Geographic Distribution of Purchases

 

 

Internal Market

 

International Market

 

 

 

Year

 

 

EU

 

Extra-EU

 

Total

2014

117.145,04

82,00%

25.717,36

18,00%

-

-

142.862,40

2013

152.282,06

89,80%

17.305,59

10,20%

-

-

169.587,65

2012

52.212,41

56,36%

40.436,66

43,64%

-

-

92.649,07

2011

48.766,12

100,00%

-

-

-

-

48.766,12

2010

37.715,49

100,00%

-

-

-

-

37.715,49

 

 

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.

There are no of incidents on our database

 

EMPLOYEES

 

Year

 

Total

Men

Women

2014

3

2

67%

1

33%

2013

2

2

100%

0

0%

2012

2

2

100%

0

0%

2011

2

2

100%

0

0%

2010

1

1

100%

0

0%

 

 

HEAD OFFICE AND INSTALLATIONS

 

Has head office Rua das Agras, nº. 180, 4610-251, FELGUEIRAS

 

 

FINANCIAL DEMONSTRATION SNC

 

Balance Sheet SNC

 

CoinEUROS

 

 

 

Year:2014

 

2014

2013

2012

% Var.2014/13

ASSET

 

 

 

 

Non-current assets

 

 

 

 

Tangible fixed assets

7.387,17

11.240,74

2.045,72

(34,28)%

Investment properties

-

-

-

-

Goodwill

-

-

-

-

Intangible assets

-

-

-

-

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)

-

-

-

-

Total

7.387,17

11.240,74

2.045,72

(34,28)%

Current assets

 

 

 

 

Inventories

74.356,64

50.473,80

11.652,70

47,32%

Biological assets

-

-

-

-

Costumers

63.387,37

88.337,42

66.631,43

(28,24)%

Advances to suppliers

-

-

-

-

State and other public entities

8.047,28

6.196,43

555,27

29,87%

Shareholders/partners

-

-

-

-

Other accounts receivable

-

-

-

-

Deferrals

480,61

196,07

121,81

145,12%

Financial assets held for trading

-

-

-

-

Other financial assets

-

-

-

-

Non-current assets held for sale

-

-

-

-

Other current assets

3.035,58

123,00

123,00

2.367,95%

Cashier and bank deposits

46.716,11

1.441,50

15.980,40

3.140,80%

Total

196.023,59

146.768,22

95.064,61

33,56%

TOTAL ASSET

203.410,76

158.008,96

97.110,33

28,73%

 

SHAREHOLDERS FUNDS AND LIABILITIES

 

 

 

 

 

SHAREHOLDERS FUNDS

 

 

 

 

Capital

25.000,00

25.000,00

25.000,00

-

Own shares

-

-

-

-

Other shareholders funds instruments

-

-

-

-

Emission premiuns

-

-

-

-

Legal reserves

-

-

-

-

Other reserves

-

-

-

-

Net retained

30.717,64

6.053,60

(19.957,78)

407,43%

Adjustments on financial assets

-

-

-

-

Revaluation surplus

-

-

-

-

Other shareholders funds changes

-

-

-

-

Total

55.717,64

31.053,60

5.042,22

79,42%

Net income for the period

2.246,36

24.664,04

26.011,38

(90,89)%

Antecipated dividends

-

-

-

-

TOTAL OF SHAREHOLDERS FUNDS

57.964,00

55.717,64

31.053,60

4,03%

 

LIABILITY

 

 

 

 

 

Non-current liiabilities

 

 

 

 

Provisions

-

-

-

-

Financing obtained

-

11.215,41

-

-

Responsability for post-employment beneficts

-

-

-

-

Diferred taxes liabilities

-

-

-

-

Other payable accounts

-

3.952,73

-

-

Total

 

15.168,14

 

 

Current liabilities

 

 

 

 

Suppliers

92.328,00

73.294,53

30.109,19

25,97%

Advances from costumers

-

-

-

-

State and other public entities

-

6.936,11

6.969,35

-

Shareholders/partners

-

-

-

-

Financing obtained

51.166,07

-

-

-

Other payable accounts

-

-

-

-

Deferrals

1.952,69

-

-

-

Financial liabilities held for trading

-

-

-

-

Other financial liabilities

-

-

-

-

Non-current liabilities held for sale

-

-

-

-

Other current liabilities

-

6.892,54

28.978,19

-

Total

145.446,76

87.123,18

66.056,73

66,94%

TOTAL LIABILITIES

145.446,76

102.291,32

66.056,73

42,19%

TOTAL SHAREHOLDERS FUNDS AND LIABILITIES

203.410,76

158.008,96

97.110,33

28,73%

 

INCOME STATEMENT

 

 

 

 

 

INCOME AND EXPENSES

 

 

 

 

Sales and services

167.114,62

198.857,12

144.470,74

(15,96)%

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

118.979,56

130.766,55

84.949,77

(9,01)%

Suppliers and external services

11.510,43

13.211,70

10.144,02

(12,88)%

Personnel costs

27.945,23

17.298,91

19.776,83

61,54%

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

33,49

1.423,87

-

(97,65)%

Other expenses and losses

240,67

369,31

75,90

(34,83)%

Result before depreciation, financing costs and taxes

8.472,22

38.634,52

29.524,22

(78,07)%

Expenses/reversals of depreciation and amortization

3.853,57

3.928,57

1.030,35

(1,91)%

Impairment of investments depreciable/amortizable (losses/reversals)

-

-

-

-

Operating result (before financing costs and taxes)

4.618,65

34.705,95

28.493,87

(86,69)%

Interest and similar income obtained

-

45,76

-

-

interest and similar expenses incurred

1.862,38

1.195,19

37,24

55,82%

Net before taxes

2.756,27

33.556,52

28.456,63

(91,79)%

Income tax of the period

509,91

8.892,48

2.445,25

(94,27)%

Net profit for the period

2.246,36

24.664,04

26.011,38

(90,89)%

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

0,039

0,443

0,838

Assets Profitability

0,023

0,22

0,293

Sales Net Profitability

0,013

0,124

0,18

EFFICIENCY RATIOS

 

 

 

Medium Term Receivable

138,446

162,142

168,342

Asset Rotation

0,822

1,259

1,488

PRODUCTIVITY RATIOS

 

 

 

Productivity

1,722

3,936

3,01

SHORT TERM RATIOS

 

 

 

General Liquidity

1,348

1,685

1,439

Reduced Liquidity

0,837

1,105

1,263

Immediate Liquidity

0,321

0,017

0,242

MEDIUM LONG TERM RATIOS

 

 

 

Financial Autonomy

0,285

0,353

0,32

Solvability

0,399

0,545

0,47

Borrowed Capital Structure

1

0,852

1

General Debt

0,883

0,201

 

Medium Long Term Debt

 

0,201

 

Debt Structure

1

0,852

1

Capital Structure

 

3,673

 

Operational and Financial Risk

 

 

 

Operational Leverage Level

10,422

1,962

2,089

Financial Leverage Level

1,676

1,034

1,001

Combined Leverage Level

17,467

2,029

2,091

 

 

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

0,00

-

Payment/receipt of income tax

-

-

-

Other receipts/payments

-

-

-

Cash Flows from Operational Activities (A)

0,00

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

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

0,00

-

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

0,00

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

685,23

140,66

144,45

681,44

Order deposits

756,27

471.941,99

471.663,59

1.034,67

Other bank deposits

-

122.000,00

77.000,00

45.000,00

Total cash at bank and bank deposits

1.441,50

594.082,65

548.808,04

46.716,11

Of which: Bank deposits abroad

-

-

-

0,00

 

 

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

 

 

 

 

 

Rubrics

Grants from State and other

public bodies

Grants from other entities

 

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

-

-

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

 

Rubrics

Average number of employees

Average number of hours worked

Company employees, paid and unpaid

3

5.520

Paid company employees

3

5.520

Company UNPAID employees

0

0

Company employees, by type of working hours

 

 

Full time company employees

3

5.520

Of which: Full time company employees

3

5.520

Part time company employees

0

0

Of which: Part time company employees

0

0

Company employees, by gender:

 

 

Men

2

3.680

Women

1

1.840

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

27.945,23

Governance Bodies Remuneration

10.622,00

Of which: Profit-sharing

-

Employees remuneration

12.426,12

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

4.512,14

Insurance for accidents at work and professional diseases

384,97

Social security expenses

-

Other staff costs

-

Of which:

 

Expenditure on education

-

Expenditure on uniforms

-

 

 

INFORMATION BY GEOGRAPHIC MARKETS

 

 

Geographic markets

Rubrics

Internal

EU

Extra-EU

Total

Sales

167.114,62

-

-

167.114,62

Services provided

-

-

-

0,00

Purchases

117.145,04

25.717,36

-

142.862,40

Supplies and external services

11.510,43

-

-

11.510,43

Acquisition of fixed tangible assets

-

-

-

0,00

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)

167.870,25

 

 

167.870,25

Memorandum: Purchases and supplies and external

services (undiscounted values)

117.145,04

25.717,36

-

142.862,40

 

 

RECEIVABLE AND PAYABLE ACCOUNTS

 

Rubrics

 

2014

2013

PERIODS

Customers

 

 

 

Trade accounts receivable

62.047,14

83.417,93

(25,62)%

Trade notes receivable

1.340,23

4.919,49

(72,76)%

Advances received from customers

-

-

-

Suppliers

 

 

 

Trade accounts payable

78.941,71

10.478,50

653,37%

Trade notes payable

13.386,29

62.816,03

(78,69)%

Trade accounts payable - unchecked invoices

-

-

-

Advances to suppliers

-

-

-

Staff

 

 

 

Payable remunerations

-

6.892,54

-

Advanced payments

-

-

-

Bonds

-

-

-

Other operations

-

-

-

State and other public sector institutions

 

 

 

Income Tax

4.613,05

(5.800,36)

179,53%

Deductible IVA (debt cumulative amounts)

34.918,18

42.459,87

(17,76)%

Paid IVA (credit cumulative amounts)

44.525,11

49.717,68

(10,44)%

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

-

-

-

Trade accounts payable - unchecked invoices

-

-

-

Advanced payments to investment providers

-

-

-

additional income - Debtors

-

-

-

additional expenses - Creditors

-

3.655,84

-

Deferred tax assets

-

-

-

Deferred tax liabilities

-

-

-

Unreleased subscriptions - Creditors

-

-

-

Advances received on account of sales

-

-

-

Other debtors and creditors

 

 

 

Other debtors

3.035,58

-

-

Other creditors

-

296,89

-

 

 

EXPENSE ACCOUNTS

 

 

 

 

Rubrics

2014

2013

PERIODS

Supplies and external services

11.510,43

13.211,70

(12,88)%

Subcontracts

-

-

-

Specialized services

5.711,22

6.819,64

(16,25)%

Specialized works

3.922,54

2.851,42

37,56%

Of which: Payments to workers placed through agencies

-

-

-

Advertising and promotion

-

704,00

-

Surveillance and security

-

-

-

Fees

-

-

-

Comissions

-

-

-

Maintenance and repairs

1.696,55

2.932,12

(42,14)%

Others

92,13

332,10

(72,26)%

Materials

62,49

838,31

(92,55)%

Fast wear tools and utensils

-

573,61

-

Books and technical documentation

-

-

-

Office material

62,49

264,70

(76,39)%

Gift items

-

-

-

Others

-

-

-

Energy and fluids

3.640,95

2.832,86

28,53%

Electricity

-

-

-

Fuels

3.640,95

-

-

Water

-

-

-

Others

-

-

-

Travel, lodging and transportation

335,93

599,31

(43,95)%

Travel and lodging

335,93

599,31

(43,95)%

Transport of personnel

-

-

-

Transport of goods

-

-

-

Others

-

-

-

Different services

1.759,84

2.121,58

(17,05)%

Rents and leases

-

-

-

Of which: Rents from land

-

-

-

Communication

926,59

1.069,72

(13,38)%

Insurance

833,25

1.051,86

(20,78)%

Royalties

-

-

-

Litigation and Notaries

-

-

-

Representation expenses

-

-

-

Cleaning, hygiene and comfort

-

-

-

Other services

-

-

-

 

 

DELIBERATION OF APPROVAL OF ACCOUNTS

 

Were the financial year's accounts approved?

YES

 

Data da Aprovação: 27-03-2015

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

32.964,00

30.717,64

Allocated results / Available profits

0,00

-

Percentages or bonuses to managing bodies

-

-

Ditto to staff

-

-

Reserves

-

-

Coverage of losses

-

-

7. Others

-

-

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

32.964,00

30.717,64

 

 

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.66.09

UK Pound

1

Rs.101.04

Euro

1

Rs.70.86

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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.