MIRA INFORM REPORT

 

 

Report No. :

344178

Report Date :

13.10.2015

 

IDENTIFICATION DETAILS

 

Name :

BENOG COMERCIAL-IMPORTACAO EXPORTACAO LDA

 

 

Registered Office :

Rua Dr. Francisco Gentil Martins, N.º 16, 2º Esq. 2795-085-Linda A Velha Oeiras Lisboa

 

 

Country :

Portugal

 

 

Financials (as on) :

2013

 

 

Date of Incorporation :

26.05.1998

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :
  • Wholesale of electronic equipment, telecommunications and parts
  • Wholesale of domestic electrical appliances, equipment for radio and television

 

 

No. of Employee :

12

           

 

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

BENOG COMERCIAL-IMPORTACAO

V.A.T. Number / NIF

504174185

Address

Rua Dr. Francisco Gentil Martins, n.º 16, 2º esq.

Postal Code

2795-085-LINDA A VELHA

 

Municipality  OEIRAS

District

LISBOA

Country

Portugal

Telephone

214190910

Fax

214190908

E-Mail

geral@benog.pt

Web Site

www.benog.pt

CAE Main

46520- Wholesale of electronic equipment, telecommunications and parts

CAE Secondary

46430- Wholesale of domestic electrical appliances, equipment for radio and television

 

 

FINANCIAL HIGHLIGHTS

 

 

 

2010

2011

2013

Net Sales

3.367.317,72

2.964.605,92

3.055.108,59

Net Income For the Year

111.147,02

86.140,17

53.923,52

Shareholders Funds

920.484,58

951.124,75

1.067.037,55

Stocks

712.441,32

1.047.178,53

1.215.632,08

LIABILITY

1.734.993,01

2.132.653,85

2.435.427,59

ASSETS

2.655.477,59

3.083.778,60

3.502.465,14

 

 

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

26-05-1998

V.A.T. Number / NIF

504174185

Employees

12

Capital

320.679,00

Sales in : 31-12-2013

3.055.108,59

Shareholders Funds in: 31-12-2013

1.067.037,55

Credit Risk Level

Low Credit Risk

Credit Limit

124.699,40

Payments

Good

Credit Recommendation

Credit Worthy

Rating

F2

Actual Condition

In activity

 

 

INCIDENTS

 

Summary of Claims (Last 5 Years)

 

Year

Quantity

Total

 

 

€

2011

 

1

49.832,41

Total

1

49.832,41

 

 

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

ARTUR FERNANDES CARDIGOS                      Managing-Partner

 

 

LEGAL STRUCTURE

 

Registed on the Register Record Office of Oeiras with the Register Number 504174185 in 26-05-1998

Constitution celebrated in 26-05-1998

To oblige the company it is necessary 1 signatures

 

 

Changes to Society

 

In 29-04-2011 on Portal MJ of 02-05-2011 head office change

In 21-01-2010 on Portal MJ of 22-01-2010 social change

In 19-01-2010 on Portal MJ of 22-01-2010 management resignation

In 14-01-2010 on Portal MJ of 14-01-2010 rectification

In 10-11-2009 on Portal MJ of 10-11-2009 increase of capital Clique para ver detalhes to 320.679 €

 

 

CAPITAL

 

The Capital is 320.679,00

 

BELMIRO PEREIRA NOGUEIRA

80.169,75

25%

RITA PEREIRA GONCALVES CARDIGOS

80.169,75

25%

ARTUR FERNANDES CARDIGOS

160.339,50

50%

 

 

BIOGRAPHIES

 

Name

BELMIRO PEREIRA NOGUEIRA

Funtion

Partner

Address

Avenida General Norton de Matos, nº 21, 4º Esq., Miraflores, Algés

Locality

1495-145 ALGES

Civil State

Divorced

Professional Connections

The subject has connections with the following company (ies)

 

BENOGUE-TRANSPORTE DE MERCADORIAS LDA as Partner .

 

NOGUEIRA FILMES LDA as Partner with a participation of 1.500,00 , in a capital of 5.000,00 .

 

 

Name

RITA PEREIRA GONCALVES CARDIGOS

Funtion

Partner

Address

Rua 5 de Outubro, nº 4, Alagoas, Santa Joana

Locality

3810-010 AVEIRO

Civil State

Married

Consort

Artur Fernandes Cardigos

 

 

Name

ARTUR FERNANDES CARDIGOS

Funtion

Managing-Partner

Address

Rua 5 de Outubro, 4 - Alagoas

Locality

3810-010 AVEIRO

Birth Date

01/01/1950

Civil State

Married

Consort

Rita Pereira Gonçalves Cardigos

Professional Connections

The subject has connections with the following company (ies)

 

CARDIGOS.,ARTUR FERNANDES as Individual Contractor .

 

 

ACTIVITIES

 

Main CAE 46520-          Wholesale of electronic equipment, telecommunications and parts

   46430-           Wholesale of domestic electrical appliances, equipment for radio and television

 

 

Business Description

 

Wholesale lamps, batteries, flashlights and consumer electronics items

 

Geographic Distribution of Sales

 

 

Internal Market

 

International Market

 

 

 

Year

 

 

 

EU

 

Extra-EU

Total

2013

3.055.108,59

100,00%

0,00

0,00%

0,00

0,00%

3.055.108,59

2011

2.961.103,06

99,88%

3.502,86

0,12%

0,00

0,00%

2.964.605,92

2010

3.367.317,72

100,00%

0,00

0,00%

0,00

0,00%

3.367.317,72

 

 

Geographic Distribution of Purchases

 

 

Internal Market

 

International Market

 

 

 

Year

 

 

 

EU

Extra-EU

 

Total

2013

1.497.466,14

62,23%

908.796,73

37,77%

-

-

2.406.262,87

2011

1.925.719,82

84,38%

356.538,25

15,62%

-

-

2.282.258,07

2010

2.204.931,13

82,75%

459.787,26

17,25%

-

-

2.664.718,39

 

 

BANKS AND FINANCIAL INSTITUTIONS

NOVO BANCO, SA Oeiras

 

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

49.832,41

Total

1

49.832,41

 

 

LEGAL ACTIONS

 

Date

Process

Author

Type

Amount

Judicial District

Court

Situation

05-04-2011

1304/11.2TTLSB

Zélia Maria Lemos Pires Coelho

T-Acção de Processo Comum

49.832,41

Lisboa – Tribunal do Trabalho

 

 

 

 

EMPLOYEES

 

Year

Total

 

Men

Women

2013

12

7

58%

5

42%

 

 

HEAD OFFICE AND INSTALLATIONS

 

Has head office Rua Dr. Francisco Gentil Martins, n.º 16, 2º esq., 2795-085, LINDA A VELHA

Had head office Rua Amaro Monteiro, 10, 2795-013, LINDA A VELHA

 

SPECIAL INFORMATION

 

Event General Description

Financial Elements The financial elements for the years 2012/2014, are not deposited

 

 

FINANCIAL DEMONSTRATION SNC

 

BALANCE SHEET SNC

 

Coin EUROS

 

 

 

Year:2013

 

2013

-

2011

% Var.2013/12

ASSET

 

 

 

 

Non-current assets

 

 

 

 

Tangible fixed assets

138.373,90

-

134.118,88

-

Investment properties

8.559,88

-

7.065,43

-

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

146.933,78

 

141.184,31

 

Current assets

 

 

 

 

Inventories

1.215.632,08

-

1.047.178,53

-

Biological assets

-

-

-

-

Costumers

1.536.553,17

-

1.209.978,50

-

Advances to suppliers

-

-

-

-

State and other public entities

5.933,66

-

103.355,81

-

Shareholders/partners

-

-

18.590,23

-

Other accounts receivable

301.456,70

-

338.649,79

-

Deferrals

28.040,97

-

7.454,40

-

Financial assets held for trading

10.126,62

-

6.067,32

-

Other financial assets

-

-

-

-

Non-current assets held for sale

-

-

-

-

Other current assets

-

-

-

-

Cashier and bank deposits

257.788,16

-

211.319,71

-

Total

3.355.531,36

 

2.942.594,29

 

TOTAL ASSET

3.502.465,14

 

3.083.778,60

 

 

SHAREHOLDERS FUNDS AND LIABILITIES

 

 

 

 

 

SHAREHOLDERS FUNDS

 

 

 

 

Capital

320.679,00

-

320.679,00

-

Own shares

-

-

-

-

Other shareholders funds instruments

-

-

-

-

Emission premiuns

-

-

-

-

Legal reserves

35.685,36

-

35.685,36

-

Other reserves

184.875,87

-

184.875,87

-

Net retained

468.615,72

-

320.486,27

-

Adjustments on financial assets

3.258,08

-

3.258,08

-

Revaluation surplus

-

-

-

-

Other shareholders funds changes

-

-

-

-

Total

1.013.114,03

 

864.984,58

 

Net income for the period

53.923,52

-

86.140,17

-

Antecipated dividends

-

-

-

-

TOTAL OF SHAREHOLDERS FUNDS

1.067.037,55

 

951.124,75

 

 

LIABILITY

 

 

 

 

 

Non-current liiabilities

 

 

 

 

Provisions

-

-

-

-

Financing obtained

705.000,00

-

420.000,00

-

Responsability for post-employment beneficts

-

-

-

-

Diferred taxes liabilities

-

-

-

-

Other payable accounts

-

-

-

-

Total

705.000,00

 

420.000,00

 

Current liabilities

 

 

 

 

Suppliers

528.842,22

-

722.219,87

-

Advances from costumers

-

-

-

-

State and other public entities

142.556,06

-

86.294,17

-

Shareholders/partners

-

-

-

-

Financing obtained

1.027.484,39

-

623.928,51

-

Other payable accounts

31.544,92

-

198.494,18

-

Deferrals

-

-

81.717,12

-

Financial liabilities held for trading

-

-

-

-

Other financial liabilities

-

-

-

-

Non-current liabilities held for sale

-

-

-

-

Other current liabilities

-

-

-

-

Total

1.730.427,59

 

1.712.653,85

 

TOTAL LIABILITIES

2.435.427,59

 

2.132.653,85

 

TOTAL SHAREHOLDERS FUNDS AND LIABILITIES

3.502.465,14

 

3.083.778,60

 

 

 

INCOME STATEMENT

 

 

 

 

 

INCOME AND EXPENSES

 

 

 

 

Sales and services

3.055.108,59

-

2.964.605,92

-

Operating government grants

4.494,74

-

-

-

Gains/losses allocated subsidiaries, associates and joint

 

 

 

 

 

-

-

-

-

ventures

 

 

 

 

Variation in production inventories

-

-

-

-

Work for the entity itself

-

-

-

-

Cost of goods sold and materials consumed

2.146.025,93

-

1.947.520,86

-

Suppliers and external services

366.982,57

-

463.637,04

-

Personnel costs

323.296,96

-

375.366,57

-

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

3,92

-

17.973,25

-

Other expenses and losses

67.312,03

-

57.858,11

-

Result before depreciation, financing costs and taxes

155.989,76

 

138.196,59

 

Expenses/reversals of depreciation and amortization

-

-

17.211,73

-

Impairment of investments depreciable/amortizable

 

 

 

 

 

-

-

-

-

(losses/reversals)

 

 

 

 

Operating result (before financing costs and taxes)

155.989,76

 

120.984,86

 

Interest and similar income obtained

-

-

-

-

interest and similar expenses incurred

70.705,67

-

34.844,69

-

Net before taxes

85.284,09

 

86.140,17

 

Income tax of the period

31.360,57

-

-

-

Net profit for the period

53.923,52

 

86.140,17

 

Results of discontinued operations (net of taxes)

-

-

-

-

included in the net icome of the period

 

 

 

 

 

 

RATIOS SNC

 

Closing Date

2013

2011

TURNOVER RATIOS

 

 

 

Shareholder's Funds Profitability

0,051

0,091

Assets Profitability

0,045

0,039

Sales Net Profitability

0,018

0,029

 

EFFICIENCY RATIOS

 

 

 

Medium Term Receivable

183,575

148,971

Asset Rotation

0,872

0,961

 

PRODUCTIVITY RATIOS

 

 

 

Productivity

2,812

2,71

 

SHORT TERM RATIOS

 

 

 

General Liquidity

1,939

1,718

Reduced Liquidity

1,237

1,107

Immediate Liquidity

0,149

0,123

 

MEDIUM LONG TERM RATIOS

 

 

 

Financial Autonomy

0,305

0,308

Solvability

0,438

0,446

Borrowed Capital Structure

0,711

0,803

General Debt

1,624

1,098

Medium Long Term Debt

0,661

0,442

Debt Structure

0,711

0,803

Capital Structure

1,514

2,265

Operational and Financial Risk

 

 

Operational Leverage Level

5,828

8,407

Financial Leverage Level

1,829

1,405

Combined Leverage Level

10,659

11,812

 

 

CASH FLOW STATEMENT

 

Rubrics

2013

2012

PERIODS

CASH FLOWS FROM OPERATIONAL ACTIVITIES

 

 

 

Customers receipts

2.162.047,08

 

 

Payments to suppliers

1.869.762,73

 

 

Payments to employees

201.611,72

 

 

Cash at bank generated from operations

90.672,63

 

 

Payment/receipt of income tax

0.00

 

 

Other receipts/payments

0.00

 

 

Cash Flows from Operational Activities (A)

90.672,63

 

 

CASH FLOWS' INVESTMENT ACTIVITIES

 

 

 

Payments regarding:

 

 

 

Fixed tangible assets

0.00

 

 

Intangible assets

0.00

 

 

Financial investments

0.00

 

 

Other assets

0.00

 

 

Receipts from:

 

 

 

Fixed tangible assets

0.00

 

 

Intangible assets

0.00

 

 

Financial investments

0.00

 

 

Other assets

0.00

 

 

Investment subsidies

0.00

 

 

Interest and similar income

0.00

 

 

Dividends

0.00

 

 

Cash Flows' Investments Activities (B)

0,00

 

 

CASH FLOWS' INVESTMENT ACTIVITIES

 

 

 

Receipts from:

 

 

 

Obtained financing

0.00

 

 

Paying-up of capital and other equity instruments

0.00

 

Coverage of losses

0.00

 

Donations

0.00

 

Other financing operations

0.00

 

Payments regarding:

 

 

Obtained financing

0.00

 

Interests and similar expenses

4.900,05

 

Dividends

0.00

 

Capital's redution and other equity instruments

0.00

 

Other financing operations

0.00

 

Cash Flows' Financing Activities ©

(4.900,05)

 

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

85.772,58

 

Effect of exchange differences

0.00

 

Cash at bank and its equivalents at the start of period

182.142,20

 

Cash at bank and its equivalents at the end of period

267.914,78

 

 

 

CASH FLOWS

 

MOVIMENTOS DO PERIODO DE 2013

Rubrics

Initial balance

Debits

Credits

Final balance

PERIOD'S CARRYING AMOUNT AND MOVEMENTS

 

 

 

 

Cash in hand

414,03

8.822,50

8.954,83

281,70

Order deposits

171.601,55

4.691.782,11

4.605.877,20

257.506,46

Other bank deposits

-

-

-

0,00

Total cash at bank and bank deposits

172.015,58

4.700.604,61

4.614.832,03

257.788,16

Of which: Bank deposits abroad

-

-

-

0,00

 

 

Rubrics

 

Value

OTHER INFORMATION

 

Receipts from:

 

Non-life insurance claims

-

Operating subsidies

-

Cash at bank and its equivalents not available for use

-

 

 

ASSETS IMPAIRMENT

 

MOVIMENTOS DO PERIODO DE 2013

 

Impairment losses

Impairment losses reversals

Rubrics

Recognized in profit and loss

On revalued assets recognized in equity

Total

Recognized in profit and loss

Recognized in Equity

Total

Individual assets

 

 

 

 

 

 

Fixed tangible assets

0,00

-

-

0,00

-

-

Goodwill

0,00

0,00

-

-

0,00

0,00

Intangible assets

0,00

-

-

0,00

-

-

Investment properties (cost model)

0,00

0,00

-

0,00

0,00

-

Investments in progress

0,00

0,00

-

0,00

0,00

-

Financial investments

0,00

0,00

-

0,00

0,00

-

TOTAL of which: cash-generating units

0,00

0,00

-

0,00

0,00

-

 

 

GOVERNMENT GRANTS AND GOVERNMENT ASSISTANCE

 

 

Grants from State and other public bodies

Grants from other entities

Rubrics

Value assigned in the period or in previous periods

Value attributed to the period

Value assigned in the period or in previous periods

Value attributed to the period

Grants related to assets/investment:

0,00

0,00

0,00

0,00

Fixed tangible assets

0,00

0,00

0,00

0,00

Land and Natural Resources

-

-

-

-

Buildings and other structures

-

-

-

-

Basic equipment

-

-

-

-

Transport equipment

-

-

-

-

Office equipment

-

-

-

-

Biological equipment

-

-

-

-

Others

-

-

-

-

Intangible assets

0,00

0,00

0,00

0,00

Development projects

-

-

-

-

Computer programmes

-

-

-

-

Industrial property

-

-

-

-

Others

-

-

-

-

Other assets

-

-

-

-

Grants related to income / operating

0,00

4.494,74

0,00

0,00

Value of repayments in the period:

0,00

0,00

0,00

0,00

Grants related to assets/investment

-

-

-

-

Grants related to income / operating

-

-

-

-

TOTAL

0,00

4.494,74

0,00

0,00

 

 

IN FINANCIAL ASSETS AT COST OR AT AMORTIZED COST

 

 

Movimentos do Periodo de 2013

Rubrics

Impairment losses

Impairment losses reversals

Total

 

 

 

 

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

12.031,60

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

 

12.031,60

 

 

EMPLOYEE BENEFITS, COMPANY EMPLOYEES AND PERSONNEL COSTS

 

Rubrics

Average number of employees

Average number of hours worked

 

 

 

 

 

 

Company employees, paid and unpaid

12

25.056

Paid company employees

12

25.056

Company UNPAID employees

0

0

Company employees, by type of working hours

 

 

Full time company employees

12

25.056

Of which: Full time company employees

12

25.056

Part time company employees

0

0

Of which: Part time company employees

0

0

Company employees, by gender:

 

 

Men

7

14.616

Women

5

10.440

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

323.296,96

Governance Bodies Remuneration

-

Of which: Profit-sharing

-

Employees remuneration

247.780,79

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

15.000,00

Charges on remunerations

51.823,18

Insurance for accidents at work and professional diseases

8.116,52

Social security expenses

146,97

Other staff costs

429,50

Of which:

 

Expenditure on education

-

Expenditure on uniforms

-

 

 

INFORMATION BY GEOGRAPHIC MARKETS

 

 

GEOGRAPHIC MARKETS

 

Rubrics

 

Internal

EU

Extra-EU

Total

Sales

3.055.108,59

-

-

3.055.108,59

Services provided

-

-

-

0,00

Purchases

1.497.466,14

908.796,73

-

2.406.262,87

Supplies and external services

366.982,57

-

-

366.982,57

Acquisition of fixed tangible assets

-

-

-

0,00

Acquisition of investment properties

0,00

-

-

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)

3.137.457,60

-

-

3.137.457,60

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

2.031.213,57

-

-

2.031.213,57

 

 

RECEIVABLE AND PAYABLE ACCOUNTS

 

Rubrics

 

2013

2012

Periods

Customers

 

 

 

Trade accounts receivable

1.536.553,17

 

 

Trade notes receivable

-

 

 

Advances received from customers

-

 

 

Suppliers

 

 

 

Trade accounts payable

528.842,22

 

 

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

16.285,57

 

 

Deductible IVA (debt cumulative amounts)

609.304,44

 

 

Paid IVA (credit cumulative amounts)

923.546,61

 

 

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

28.232,78

Deferred tax assets

-

Deferred tax liabilities

-

Unreleased subscriptions - Creditors

-

Advances received on account of sales

-

Other debtors and creditors

 

Other debtors

283.681,43

Other creditors

3.312,14

 

 

EXPENSE ACCOUNTS

 

Rubrics

 

2013

2012

PERIODS

Supplies and external services

366.982,57

 

 

Subcontracts

-

 

 

Specialized services

115.835,63

 

 

Specialized works

67.282,17

 

 

Of which: Payments to workers placed through agencies

-

 

 

Advertising and promotion

6.761,92

 

 

Surveillance and security

191,28

 

 

Fees

0,00

 

 

Comissions

0,00

 

 

Maintenance and repairs

10.645,78

 

 

Others

30.954,48

 

 

Materials

19.453,95

 

 

Fast wear tools and utensils

4.684,85

 

 

Books and technical documentation

170,00

 

 

Office material

2.670,80

 

 

Gift items

11.928,30

 

 

Others

-

 

 

Energy and fluids

40.223,68

 

 

 

 

Electricity

2.981,34

Fuels

36.370,15

Water

872,19

Others

-

Travel, lodging and transportation

146.337,59

Travel and lodging

11.094,53

Transport of personnel

80,15

Transport of goods

135.162,91

Others

-

Different services

45.131,72

Rents and leases

13.788,10

Of which: Rents from land

-

Communication

12.424,18

Insurance

16.598,43

Royalties

-

Litigation and Notaries

298,26

Representation expenses

733,75

Cleaning, hygiene and comfort

1.289,00

Other services

-

 

 

DELIBERATION OF APPROVAL OF ACCOUNTS

 

Were the financial year's accounts approved?

YES

 

Data da Aprovação: 31-03-2014

By (Unanimity/Majority):

Unanimity

 

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

100

 

The accounts were approved:

In 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

 

2013

2012

Retained earnings

522.539,24

 

Allocated results / Available profits

-

 

Percentages or bonuses to managing bodies

-

 

Ditto to staff

-

 

Reserves

-

 

Coverage of losses

-

 

7. Others

-

 

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

522.539,24

 

 

 

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

 

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?

Information Available

 

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.64.73

UK Pound

1

Rs.99.30

Euro

1

Rs.73.60

 

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

ANK

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

                                       New Business

 

--

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                  Payment record (10%)

Credit history (10%)                   Market trend (10%)                                Operational size (10%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.