MIRA INFORM REPORT

 

 

Report No. :

351264

Report Date :

25.11.2015

           

IDENTIFICATION DETAILS

 

Name :

MAGOLI UNIPESSOAL LDA

 

 

Registered Office :

Rua Da Gândara, Nº 334, Fracção I, 3885-246-Cortegaca Ovr, Ovar, Aveiro

 

 

Country :

Portugal

 

 

Financials (as on) :

2014

 

 

Date of Incorporation :

13.12.2011

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale of household furniture, carpets, rugs and articles of lighting

 

 

No. of Employee :               

4

 

 

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

MAGOLI UNIPESSOAL LDA

V.A.T. Number / NIF

510096859

Address

Rua da Gândara, Nº 334, Fracção I

Postal Code

3885-246-CORTEGACA OVR

Municipality

OVAR

District

AVEIRO

Country

Portugal

Telephone

256192693

Fax

256390986

E-Mail

geral.magoli@hotmail.com

CAE Main

46470- Wholesale of household furniture, carpets, rugs and articles of lighting

 

 

Financial Highlights

 

2012

2013

2014

Net Sales

556.989,37

627.424,82

841.273,53

Net Income For the Year

10.851,30

4.143,33

546,08

Shareholders Funds

25.851,30

46.494,63

31.040,71

Stocks

156.693,00

343.525,20

316.511,27

LIABILITY

326.898,64

510.067,06

646.144,29

ASSETS

352.749,94

556.561,69

677.185,00

 

 

Business Concept

 

Consulted sources say that the subject has been respecting its payments and commercial commitments, so credit connections with this company are recommended.

 

 

Summary

 

Legal Form

Private Limited Company

Constitution

13-12-2011

V.A.T. Number / NIF

510096859

Employees

4

Capital

60.000,00

Sales in : 31-12-2014

841.273,53

Shareholders Funds in: 31-12-2014

31.040,71

Payments

Good

Credit Recommendation

Close Following

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.

 

 

Management Bodies

 

MARIA MANUELA FERREIRA DE OLIVEIRA

Managing-Partner

 

 

Legal Structure

 

Registed on the Register Record Office of Ovar with the Register Number 510096859 in 13-12-2011

Constitution celebrated in 13-12-2011 published on Portal MJ of 14-12-2011

To oblige the company it is necessary 1 signatures

 

Changes to Society

 

In 31-12-2014 on Portal MJ of 02-01-2015 increase of capital Clique para ver detalhes

para 60.000,00 Euros

In 09-07-2014 on Portal MJ of 10-07-2014 head office change

In 06-01-2014 on Portal MJ of 07-01-2014 management resignation

In 31-12-2013 on Portal MJ of 08-01-2014 social change

In 27-12-2013 on Portal MJ of 02-01-2014 increase of capital Clique para ver detalhes para 35.000,00 Euros

 

 

Capital

 

The Capital is 60.000,00

 

with the following distribution

 

MARIA MANUELA FERREIRA DE OLIVEIRA

60.000,00

100%

 

 

Biographies

 

Name

MARIA MANUELA FERREIRA DE OLIVEIRA

Funtion

Managing-Partner

Address

Rua Pedro Álvares Cabral, nº 31, 2º esquerdo, Edifício Alto da Areia, fração A

Locality

3885-606 ESMORIZ

Civil State

Unmarried

 

 

Activities

 

Main CAE

46470- Wholesale of household furniture, carpets, rugs and articles of lighting

 

Business Description

Comércio por grosso de tapeçarias e de outros artigos para o lar.

 

Geographic Distribution of Sales

 

Internal Market

International Market

 

Year

EU

Extra-EU

Total

 

2014

841.273,53

100,00%

0,00

0,00%

0,00

0,00%

841.273,53

2013

627.424,82

100,00%

0,00

0,00%

0,00

0,00%

627.424,82

2012

556.989,37

100,00%

0,00

0,00%

0,00

0,00%

556.989,37

 

Geographic Distribution of Purchases

 

Internal Market

International Market

 

Year

EU

Extra-EU

Total

 

2014

224.940,42

35,05%

162.200,33

25,27%

254.627,57

39,68%

641.768,32

2013

233.780,71

35,81%

91.868,15

14,07%

327.266,90

50,12%

652.915,76

2012

571.021,54

94,45%

33.572,44

5,55%

-

-

604.593,98

 

 

Banks and Financial Institutions

 

BANCO BPI, SA

 

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

4

4

100%

0

0%

2013

5

4

80%

1

20%

2012

4

3

75%

1

25%

 

 

Head Office and Installations

 

Has head office Rua da Gândara, nº 334, Fracção I, 3885-246, CORTEGACA OVR

Had head office Rua do Arraial, nº 89 , 3885-522, ESMORIZ

 

 

Financial

 

Demonstration SNC

Balance Sheet SNC

CoinEUROS

Year:2014

 

2014

2013

2012

% Var.2014/13

 

ASSET

Non-current assets

Tangible fixed assets

123.938,11

78.163,73

8.854,76

58,56%

Investment properties

-

-

-

-

Goodwill

-

-

-

-

Intangible assets

-

552,03

763,10

-

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

123.938,11

78.715,76

9.617,86

57,45%

Current assets

Inventories

316.511,27

343.525,20

156.693,00

(7,86)%

Biological assets

-

-

-

-

Costumers

141.554,57

106.704,08

142.438,50

32,66%

Advances to suppliers

-

-

-

-

State and other public entities

-

-

2.047,47

-

Shareholders/partners

-

-

-

-

Other accounts receivable

-

-

-

-

Deferrals

-

100,06

698,65

-

Financial assets held for trading

56,30

-

-

-

Other financial assets

-

-

-

-

Non-current assets held for sale

-

-

-

-

Other current assets

-

56,30

-

-

Cashier and bank deposits

95.124,75

27.460,29

41.254,46

246,41%

Total

553.246,89

477.845,93

343.132,08

15,78%

TOTAL ASSET

677.185,00

556.561,69

352.749,94

21,67%

SHAREHOLDERS FUNDS AND LIABILITIES

SHAREHOLDERS FUNDS

Capital

15.500,00

31.500,00

15.000,00

(50,79)%

Own shares

-

-

-

-

Other shareholders funds instruments

-

-

-

-

Emission premiuns

-

-

-

-

Legal reserves

542,57

542,57

-

-

Other reserves

10.308,73

10.308,73

-

-

Net retained

4.143,33

-

-

-

Adjustments on financial assets

-

-

-

-

Revaluation surplus

-

-

-

-

Other shareholders funds changes

-

-

-

-

Total

30.494,63

42.351,30

15.000,00

(28,00)%

Net income for the period

546,08

4.143,33

10.851,30

(86,82)%

Antecipated dividends

-

-

-

-

TOTAL OF SHAREHOLDERS FUNDS

31.040,71

46.494,63

25.851,30

(33,24)%

LIABILITY

Non-current liiabilities

Provisions

-

-

-

-

Financing obtained

25.211,61

-

-

-

Responsability for post-employment beneficts

-

-

-

-

Diferred taxes liabilities

-

-

-

-

Other payable accounts

-

-

-

-

Total

25.211,61

Current liabilities

Suppliers

311.197,51

305.992,90

228.414,38

1,70%

Advances from costumers

-

-

-

-

State and other public entities

83.528,47

33.287,56

34.198,71

150,93%

Shareholders/partners

49.553,68

-

-

-

Financing obtained

143.717,77

-

-

-

Other payable accounts

32.935,25

-

-

-

Deferrals

-

-

-

-

Financial liabilities held for trading

-

-

-

-

Other financial liabilities

-

-

-

-

Non-current liabilities held for sale

-

-

-

-

Other current liabilities

-

170.786,60

64.285,55

-

Total

620.932,68

510.067,06

326.898,64

21,74%

TOTAL LIABILITIES

646.144,29

510.067,06

326.898,64

26,68%

TOTAL SHAREHOLDERS FUNDS AND LIABILITIES

677.185,00

556.561,69

352.749,94

21,67%

INCOME STATEMENT

INCOME AND EXPENSES

Sales and services

841.273,53

627.424,82

556.989,37

34,08%

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

668.782,25

466.083,56

447.900,98

43,49%

Suppliers and external services

85.747,30

93.230,87

43.184,41

(8,03)%

Personnel costs

43.961,01

56.944,68

45.896,55

(22,80)%

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

243,15

994,13

399,87

(75,54)%

Other expenses and losses

9.914,59

833,20

2.116,72

1.089,94%

Result before depreciation, financing costs and taxes

33.111,53

11.326,64

18.290,58

192,33%

Expenses/reversals of depreciation and amortization

23.076,28

5.515,82

3.397,51

318,37%

Impairment of investments depreciable/amortizable (losses/reversals)

-

-

-

-

Operating result (before financing costs and taxes)

10.035,25

5.810,82

14.893,07

72,70%

Interest and similar income obtained

-

-

-

-

interest and similar expenses incurred

6.525,45

-

-

-

Net before taxes

3.509,80

5.810,82

14.893,07

(39,60)%

Income tax of the period

2.963,72

1.667,49

4.041,77

77,74%

Net profit for the period

546,08

4.143,33

10.851,30

(86,82)%

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

0,018

0,089

0,42

Assets Profitability

0,015

0,01

0,042

Sales Net Profitability

0,001

0,007

0,019

EFFICIENCY RATIOS

Medium Term Receivable

61,416

62,074

93,341

Asset Rotation

1,242

1,127

1,579

PRODUCTIVITY RATIOS

Productivity

3,924

2,833

2,377

SHORT TERM RATIOS

General Liquidity

0,891

0,937

1,05

Reduced Liquidity

0,381

0,263

0,57

Immediate Liquidity

0,153

0,054

0,126

MEDIUM LONG TERM RATIOS

Financial Autonomy

0,046

0,084

0,073

Solvability

0,048

0,091

0,079

Borrowed Capital Structure

0,961

1

1

General Debt

5,442

Medium Long Term Debt

0,812

Debt Structure

0,961

1

1

Capital Structure

1,231

Operational and Financial Risk

Operational Leverage Level

17,189

27,766

7,325

Financial Leverage Level

2,859

1

1

Combined Leverage Level

49,143

27,766

7,325

 

 

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

2.438,78

1.722.763,18

1.719.886,62

5.315,34

Order deposits

25.021,51

1.566.492,62

1.501.704,72

89.809,41

Other bank deposits

-

-

-

0,00

Total cash at bank and bank deposits

27.460,29

3.289.255,80

3.221.591,34

95.124,75

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

-

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

-

-

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

4

7.712

Paid company employees

4

7.712

Company UNPAID employees

0

-

Company employees, by type of working hours

Full time company employees

4

7.712

Of which: Full time company employees

4

7.712

Part time company employees

0

-

Of which: Part time company employees

-

-

Company employees, by gender:

Men

4

7.712

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

43.961,01

Governance Bodies Remuneration

-

Of which: Profit-sharing

-

Employees remuneration

34.933,55

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

8.061,52

Insurance for accidents at work and professional diseases

110,51

Social security expenses

-

Other staff costs

855,43

Of which:

Expenditure on education

-

Expenditure on uniforms

-

 

 

INFORMATION BY GEOGRAPHIC MARKETS

 

Geographic markets

Rubrics

Internal

EU

Extra-EU

Total

 

Sales

841.273,53

-

-

841.273,53

Services provided

-

-

-

0,00

Purchases

224.940,42

162.200,33

254.627,57

641.768,32

Supplies and external services

85.747,30

-

-

85.747,30

Acquisition of fixed tangible assets

69.698,81

-

-

69.698,81

Acquisition of investment properties

-

-

-

0,00

Acquisition of intangible assets

848,15

-

-

848,15

Supplementary income:

0,00

0,00

0,00

0,00

Social services

-

-

-

0,00

Equipment rental

-

-

-

0,00

Studies, projects and technological assistance

-

-

-

0,00

Royalities

-

-

-

0,00

Others

-

-

-

0,00

Memorandum: Sales and services provided (undiscounted values)

-

-

-

0,00

Memorandum: Purchases and supplies and external services (undiscounted values)

-

-

-

0,00

 

RECEIVABLE AND PAYABLE ACCOUNTS

 

Rubrics

2014

2013

PERIODS

Customers

 

Trade accounts receivable

-

106.704,08

-

Trade notes receivable

-

-

-

Advances received from customers

-

-

-

Suppliers

Trade accounts payable

-

305.992,90

-

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

-

1.667,49

-

Deductible IVA (debt cumulative amounts)

-

142.983,51

-

Paid IVA (credit cumulative amounts)

-

170.225,81

-

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

-

49.553,68

-

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

-

-

-

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

-

93.230,87

-

Subcontracts

-

9.861,54

-

Specialized services

-

14.006,18

-

Specialized works

-

5.847,30

-

Of which: Payments to workers placed through agencies

-

-

-

Advertising and promotion

-

2.228,47

-

Surveillance and security

-

-

-

Fees

-

30,00

-

Comissions

-

-

-

Maintenance and repairs

-

3.993,60

-

Others

-

-

-

Materials

-

10.886,15

-

Fast wear tools and utensils

-

7.864,55

-

Books and technical documentation

-

-

-

Office material

-

2.466,99

-

Gift items

-

354,90

-

Others

-

199,71

-

Energy and fluids

-

9.724,33

-

Electricity

-

-

-

Fuels

-

9.724,33

-

Water

-

-

-

Others

-

-

-

Travel, lodging and transportation

-

35.610,51

-

Travel and lodging

-

2.547,72

-

Transport of personnel

-

-

-

Transport of goods

-

-

-

Others

-

-

-

Different services

-

13.142,16

-

Rents and leases

-

-

-

Of which: Rents from land

-

-

-

Communication

-

5.545,77

-

Insurance

-

1.006,83

-

Royalties

-

-

-

Litigation and Notaries

-

296,25

-

Representation expenses

-

-

-

Cleaning, hygiene and comfort

-

-

-

Other services

-

4.211,14

-

 

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 general meeting regularly convoked

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

4.689,41

4.143,33

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)

4.689,41

4.143,33

 

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.66.38

UK Pound

1

Rs.100.45

Euro

1

Rs.70.55

 

INFORMATION DETAILS

 

Analysis Done by :

KAS

 

 

Report Prepared by :

ASH

 

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.