MIRA INFORM REPORT
|
Report No. : |
346947 |
|
Report Date : |
26.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
PESCANOVA (PORTUGAL)-PRODUTOS ALIMENTARES LDA |
|
|
|
|
Registered Office : |
Avenida Da República, 1/B - 4.º Andar, 1495-110-Alges, Oeiras, Lisboa |
|
|
|
|
Country : |
Portugal |
|
|
|
|
Financials (as on) : |
2014 |
|
|
|
|
Date of Incorporation : |
17.07.1987 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employee : |
27 |
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 : |
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 |
PESCANOVA (PORTUGAL)-PRODUTOS
ALIMENTARES LDA |
|
V.A.T. Number / NIF |
501862293 |
|
Denomination |
Pescanova |
|
Address |
Avenida da República, 1/B - 4.º
Andar |
|
Postal Code |
1495-110-ALGES |
|
Municipality |
OEIRAS |
|
District |
LISBOA |
|
Country |
Portugal |
|
Telephone |
213025800 |
|
Fax |
213025801 |
|
E-Mail |
spaulino@pescanova.pt |
|
Web Site |
www.pescanova.pt |
|
CAE Main |
46382- Wholesale of other food
products n.d |
Financial
Highlights
|
2012 |
2013 |
2014 |
|
|
Net Sales |
53.681.913,01 |
52.186.081,47 |
53.692.833,64 |
|
Net Income For the Year |
55.912,45 |
(208.785,23) |
822.630,02 |
|
Shareholders Funds |
5.190.594,47 |
4.981.809,24 |
5.804.439,26 |
|
Stocks |
12.956.610,35 |
8.883.238,91 |
10.891.613,95 |
|
LIABILITY |
21.662.353,95 |
18.461.417,43 |
19.879.210,26 |
|
ASSETS |
26.852.948,42 |
23.443.226,67 |
25.683.649,52 |
Summary
|
|
Legal Form |
Private Limited Company |
|
Constitution |
15-07-1987 |
|
V.A.T. Number / NIF |
501862293 |
|
Employees |
27 |
|
Capital |
4.070.000,00 |
|
Sales in : 31-12-2014 |
53.692.833,64 |
|
Shareholders Funds in: 31-12-2014 |
5.804.439,26 |
|
Payments |
No Complaints |
|
Actual Condition |
In activity |
Incidents
|
|
Summary of Claims (Last 5 Years) |
|
Year |
Quantity |
Total |
|
€ |
||
|
2014 |
2 |
57.039,89 |
|
Total |
2 |
57.039,89 |
|
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) |
Management
Bodies
|
|
ANTONIO CARLOS ALVAREZ FERNANDES |
Manager |
|
CESAR REAL RODRIGUEZ |
Manager |
Legal
Structure
|
|
Registed on the Register Record Office
of Oeiras with the Register Number 501862293 in 10-03-2011 |
|
Constitution celebrated in
15-07-1987 published on Diário da República number 143 of 25-06-1987 |
|
To oblige the company it is
necessary 1 signatures |
Changes
to Society
|
|
In 01-10-2013 on Portal MJ of
01-10-2013 update of the Head Office Village |
|
In 18-09-2013 on Portal MJ of
01-10-2013 management resignation |
|
In 10-03-2011 on Portal MJ of
11-03-2011 head office change |
|
In 30-09-2010 on Portal MJ of 23-11-2010
management resignation |
|
In 11-12-2008 on Portal MJ of
05-01-2009 appointment of management |
Capital
|
|
The Capital is 4.070.000,00 |
|
with the following distribution |
|
NOVAPESCA TRADING SL |
221,10 |
0,005% |
|
PESCANOVA SA |
4.069.778,90 |
99,995% |
Biographies
|
|
Name |
ANTONIO CARLOS ALVAREZ FERNANDES |
|
Funtion |
Manager |
|
Address |
Rua António Saldanha, 34 |
|
Locality |
1400 LISBOA |
|
Professional Connections |
The subject has connections with the
following company (ies) |
|
EMBOPAR-EMBALAGENS DE PORTUGAL,
SGPS SA as Administrator . |
|
|
SOCIEDADE PONTO VERDE-SOCIEDADE
GESTORA DE RESIDUOS DE EMBALAGENS SA as Administrator . |
|
|
CAMARA DE COMERCIO E INDUSTRIA
LUSO ESPANHOLA as Administrator . |
|
|
ACUINOVA-ACTIVIDADES PISCICOLAS SA
as Board of Director's President . |
|
|
Name |
CESAR REAL RODRIGUEZ |
|
Funtion |
Manager |
|
Address |
Rua Manuel Nuñes, 27 C, Vigo |
|
Professional Connections |
The subject has connections with the
following company (ies) |
|
ACUINOVA-ACTIVIDADES PISCICOLAS SA
as Administrator . |
|
Shareholders
/ Partners Companies
|
|
IIC Number |
1256393 |
|
NAME |
NOVAPESCA TRADING SL |
|
Funtion |
Partner |
|
Address |
Calle Jose Fernandez Lopez, S/N
Redondela, Pontevedra, 36320 |
|
IIC Number |
111748 |
|
NAME |
PESCANOVA SA |
|
Funtion |
Partner |
|
Address |
Rúa José Fernández López. s/n -
Chapela Redondela 36320 Pontevedra |
Activities
|
|
Main CAE |
46382- Wholesale of other food
products |
|
Business Description |
|
Comércio por grosso de produtos
alimentares congelados |
|
Type of Clients |
Retailers/Wholesalers/Private
Companies |
||
|
Sales Conditions |
Credit 30/60/90/120 days |
|
Geographic Distribution of Sales |
|
Internal Market |
International Market |
|
Year |
EU |
Extra-EU |
Total |
|
2014 |
49.406.323,53 |
92,02% |
4.168.637,26 |
7,76% |
117.872,85 |
0,22% |
53.692.833,64 |
|
|
2013 |
49.965.669,37 |
95,75% |
2.164.275,06 |
4,15% |
56.137,04 |
0,11% |
52.186.081,47 |
|
|
2012 |
52.006.543,37 |
96,88% |
1.002.490,51 |
1,87% |
672.879,13 |
1,25% |
53.681.913,01 |
|
|
2011 |
49.715.945,40 |
97,61% |
1.095.525,04 |
2,15% |
119.967,73 |
0,24% |
50.931.438,17 |
|
|
2010 |
51.691.491,18 |
97,15% |
1.405.333,74 |
2,64% |
110.962,40 |
0,21% |
53.207.787,32 |
|
Geographic Distribution of
Purchases |
|
Internal Market |
International Market |
|
Year |
EU |
Extra-EU |
Total |
|
2014 |
1.217.053,30 |
2,80% |
16.928.756,06 |
38,88% |
25.391.214,63 |
58,32% |
43.537.023,99 |
|
|
2013 |
271.099,54 |
0,71% |
18.704.878,68 |
48,66% |
19.463.967,49 |
50,63% |
38.439.945,71 |
|
|
2012 |
986.224,16 |
2,23% |
23.401.432,93 |
52,87% |
19.878.064,47 |
44,91% |
44.265.721,56 |
|
|
2011 |
659.987,54 |
1,73% |
23.605.217,73 |
62,03% |
13.786.819,83 |
36,23% |
38.052.025,10 |
|
|
2010 |
842.339,39 |
2,02% |
26.918.097,29 |
64,70% |
13.842.797,11 |
33,27% |
41.603.233,79 |
Trade
Marks
|
|
Pescanova |
|
Calvo |
|
Denominations |
|
Pescanova |
|
Banks and Financial Institutions |
|
BANCO SANTANDER TOTTA SA |
Alvalade-Lisboa |
|
BANCO BILBAO VIZCAYA ARGENTARIA
(PORTUGAL), SA |
Rua Castilho-Lisboa |
|
MILLENNIUM BCP |
Empresas-Lisboa |
|
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) |
|
Summary of Claims (Last 5 Years) |
|
Year |
Quantity |
Total |
|
€ |
||
|
2014 |
2 |
57.039,89 |
|
Total |
2 |
57.039,89 |
Legal
Actions
|
|
Date |
Process |
Author |
Type |
Amount |
Judicial District |
Court |
Situation |
|
|
7434/14.1T8LSB |
|
T-Acção de Processo Comum |
39.728,05 |
Comarca de Lisboa-Lisboa-UC |
||
|
|
767/14.9TTLSB |
|
T-Acção de Processo Comum |
17.311,84 |
Lisboa - Tribunal do Trabalho |
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-PRODUTOS%20ALIMENTARES%20LDA%20-%20346947%2026-Oct-2015_files/image008.gif){kind=small}
Employees
|
|
Year |
Total |
Men |
Women |
|
2014 |
27 |
16 |
59% |
11 |
41% |
|
|
2013 |
27 |
16 |
59% |
11 |
41% |
|
|
2012 |
29 |
18 |
62% |
11 |
38% |
|
|
2011 |
29 |
18 |
62% |
11 |
38% |
|
|
2010 |
29 |
18 |
62% |
11 |
38% |
Insurance
|
|
Império Bonança Companhia de
Seguros SA |
Head
Office and Installations
|
|
Installations Doca Pesca de
Pedrouços, 1400-289, LISBOA |
|
Head office and installations Avenida
da República, 1/B - 4.º Andar, 1495-110, ALGES, Tel:213025800, Fax:213025801 |
Financial
Demonstration SNC
|
||
|
Balance Sheet SNC |
||
|
CoinEUROS |
Year:2014 |
|
|
2014 |
2013 |
2012 |
% Var.2014/13 |
|
ASSET |
||||
|
Non-current assets |
||||
|
Tangible fixed assets |
759.805,27 |
803.396,92 |
832.847,18 |
(5,43)% |
|
Investment properties |
- |
- |
- |
- |
|
Goodwill |
- |
- |
- |
- |
|
Intangible assets |
54.555,22 |
81.681,82 |
41.307,40 |
(33,21)% |
|
Biological assets |
- |
- |
- |
- |
|
Financial participations -
patrimonial equity method |
- |
- |
- |
- |
|
Financial participations - other
methods |
11.031,99 |
61.000,00 |
61.000,00 |
(81,91)% |
|
Shareholders/partners |
- |
- |
- |
- |
|
Other financial assets |
- |
- |
- |
- |
|
Deferred tax assets |
- |
- |
- |
- |
|
Financial investments(exclusive
use by small entities and micro entities) |
- |
- |
- |
- |
|
Total |
825.392,48 |
946.078,74 |
935.154,58 |
(12,76)% |
|
Current assets |
||||
|
Inventories |
10.891.613,95 |
8.883.238,91 |
12.956.610,35 |
22,61% |
|
Biological assets |
- |
- |
- |
- |
|
Costumers |
11.407.157,97 |
11.694.890,31 |
11.862.247,38 |
(2,46)% |
|
Advances to suppliers |
2.060,53 |
4.141,65 |
4.580,00 |
(50,25)% |
|
State and other public entities |
279.072,65 |
338.548,90 |
305.133,56 |
(17,57)% |
|
Shareholders/partners |
- |
- |
- |
- |
|
Other accounts receivable |
1.660.742,75 |
931.126,60 |
402.710,08 |
78,36% |
|
Deferrals |
48.925,59 |
44.057,54 |
43.139,20 |
11,05% |
|
Financial assets held for trading |
- |
- |
- |
- |
|
Other financial assets |
- |
- |
- |
- |
|
Non-current assets held for sale |
- |
- |
- |
- |
|
Other current assets |
- |
- |
- |
- |
|
Cashier and bank deposits |
568.683,60 |
601.144,02 |
343.373,27 |
(5,40)% |
|
Total |
24.858.257,04 |
22.497.147,93 |
25.917.793,84 |
10,50% |
|
TOTAL ASSET |
25.683.649,52 |
23.443.226,67 |
26.852.948,42 |
9,56% |
|
SHAREHOLDERS FUNDS AND LIABILITIES
|
||||
|
SHAREHOLDERS FUNDS |
||||
|
Capital |
4.070.000,00 |
4.070.000,00 |
4.070.000,00 |
- |
|
Own shares |
- |
- |
- |
- |
|
Other shareholders funds
instruments |
- |
- |
- |
- |
|
Emission premiuns |
- |
- |
- |
- |
|
Legal reserves |
414.962,20 |
414.962,20 |
412.162,20 |
- |
|
Other reserves |
- |
- |
- |
- |
|
Net retained |
481.883,11 |
690.668,34 |
637.555,89 |
(30,23)% |
|
Adjustments on financial assets |
- |
- |
- |
- |
|
Revaluation surplus |
14.963,93 |
14.963,93 |
14.963,93 |
- |
|
Other shareholders funds changes |
- |
- |
- |
- |
|
Total |
4.981.809,24 |
5.190.594,47 |
5.134.682,02 |
(4,02)% |
|
Net income for the period |
822.630,02 |
(208.785,23) |
55.912,45 |
(494,01)% |
|
Antecipated dividends |
- |
- |
- |
- |
|
TOTAL OF SHAREHOLDERS FUNDS |
5.804.439,26 |
4.981.809,24 |
5.190.594,47 |
16,51% |
|
LIABILITY |
||||
|
Non-current liiabilities |
||||
|
Provisions |
- |
- |
- |
- |
|
Financing obtained |
779.833,52 |
962.501,90 |
8.143.735,41 |
(18,98)% |
|
Responsability for post-employment
beneficts |
- |
- |
- |
- |
|
Diferred taxes liabilities |
- |
- |
- |
- |
|
Other payable accounts |
- |
- |
- |
- |
|
Total |
779.833,52 |
962.501,90 |
8.143.735,41 |
(18,98)% |
|
Current liabilities |
||||
|
Suppliers |
4.697.064,10 |
2.121.001,23 |
7.218.407,10 |
121,46% |
|
Advances from costumers |
- |
- |
- |
- |
|
State and other public entities |
174.686,28 |
806.721,64 |
1.035.132,97 |
(78,35)% |
|
Shareholders/partners |
- |
- |
- |
- |
|
Financing obtained |
12.859.885,00 |
13.660.000,00 |
4.245.000,00 |
(5,86)% |
|
Other payable accounts |
1.367.741,36 |
911.192,66 |
1.020.078,47 |
50,10% |
|
Deferrals |
- |
- |
- |
- |
|
Financial liabilities held for
trading |
- |
- |
- |
- |
|
Other financial liabilities |
- |
- |
- |
- |
|
Non-current liabilities held for
sale |
- |
- |
- |
- |
|
Other current liabilities |
- |
- |
- |
- |
|
Total |
19.099.376,74 |
17.498.915,53 |
13.518.618,54 |
9,15% |
|
TOTAL LIABILITIES |
19.879.210,26 |
18.461.417,43 |
21.662.353,95 |
7,68% |
|
TOTAL SHAREHOLDERS FUNDS AND
LIABILITIES |
25.683.649,52 |
23.443.226,67 |
26.852.948,42 |
9,56% |
|
INCOME STATEMENT |
||||
|
INCOME AND EXPENSES |
||||
|
Sales and services |
53.692.833,64 |
52.186.081,47 |
53.681.913,01 |
2,89% |
|
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 |
41.528.648,95 |
42.513.317,15 |
41.352.382,96 |
(2,32)% |
|
Suppliers and external services |
7.587.067,38 |
7.394.787,52 |
9.621.638,48 |
2,60% |
|
Personnel costs |
2.173.487,03 |
1.958.316,44 |
1.879.142,44 |
10,99% |
|
Impairment of inventories
(losses/revearsals) |
- |
- |
- |
- |
|
Impairment of receivables
(losses/revearsals) |
322.010,63 |
(356.143,27) |
8.542,14 |
(190,42)% |
|
Provisions (increases/reductions) |
- |
- |
- |
- |
|
Impairment of investments not
depreciable/amortizable (losses/reversals) |
50.000,00 |
- |
- |
- |
|
Other impairments
(losses/reversals)/impairments (losses/reversals) (exclusive use by small entities
and microentities) |
- |
- |
- |
- |
|
Increases/decreases in fair value |
- |
- |
- |
- |
|
Other income and gains |
195.818,44 |
289.692,90 |
511.603,77 |
(32,40)% |
|
Other expenses and losses |
172.201,83 |
156.723,30 |
159.488,76 |
9,88% |
|
Result before depreciation,
financing costs and taxes |
2.055.236,26 |
808.773,23 |
1.172.322,00 |
154,12% |
|
Expenses/reversals of depreciation
and amortization |
81.209,19 |
75.544,24 |
71.272,53 |
7,50% |
|
Impairment of investments depreciable/amortizable
(losses/reversals) |
- |
- |
- |
- |
|
Operating result (before financing
costs and taxes) |
1.974.027,07 |
733.228,99 |
1.101.049,47 |
169,22% |
|
Interest and similar income
obtained |
- |
- |
- |
- |
|
interest and similar expenses
incurred |
752.586,44 |
895.753,16 |
984.145,96 |
(15,98)% |
|
Net before taxes |
1.221.440,63 |
(162.524,17) |
116.903,51 |
(851,54)% |
|
Income tax of the period |
398.810,61 |
46.261,06 |
60.991,06 |
762,09% |
|
Net profit for the period |
822.630,02 |
(208.785,23) |
55.912,45 |
(494,01)% |
|
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 |
0,142 |
(0,042) |
0,011 |
|||
|
Assets Profitability |
0,077 |
0,031 |
0,041 |
|||
|
Sales Net Profitability |
0,015 |
(0,004) |
0,001 |
|||
|
EFFICIENCY RATIOS |
||||||
|
Medium Term Receivable |
77,545 |
81,796 |
80,655 |
|||
|
Asset Rotation |
2,091 |
2,226 |
1,999 |
|||
|
PRODUCTIVITY RATIOS |
||||||
|
Productivity |
5,597 |
4,939 |
6,561 |
|||
|
SHORT TERM RATIOS |
||||||
|
General Liquidity |
1,302 |
1,286 |
1,917 |
|||
|
Reduced Liquidity |
0,731 |
0,778 |
0,959 |
|||
|
Immediate Liquidity |
0,03 |
0,034 |
0,025 |
|||
|
MEDIUM LONG TERM RATIOS |
||||||
|
Financial Autonomy |
0,226 |
0,213 |
0,193 |
|||
|
Solvability |
0,292 |
0,27 |
0,24 |
|||
|
Borrowed Capital Structure |
0,961 |
0,948 |
0,624 |
|||
|
General Debt |
2,35 |
2,935 |
2,387 |
|||
|
Medium Long Term Debt |
0,134 |
0,193 |
1,569 |
|||
|
Debt Structure |
0,961 |
0,948 |
0,624 |
|||
|
Capital Structure |
7,443 |
5,176 |
0,637 |
|||
|
Operational and Financial Risk |
||||||
|
Operational Leverage Level |
6,162 |
13,192 |
11,198 |
|||
|
Financial Leverage Level |
1,616 |
(4,512) |
9,418 |
|||
|
Combined Leverage Level |
9,958 |
(59,522) |
105,463 |
|||
CASH
FLOW STATEMENT
|
|
Rubrics |
2014 |
2013 |
PERIODS |
|
CASH FLOWS FROM OPERATIONAL
ACTIVITIES |
|||
|
Customers receipts |
53.662.816,34 |
52.363.910,72 |
2,48% |
|
Payments to suppliers |
48.534.851,45 |
50.928.206,17 |
(4,70)% |
|
Payments to employees |
2.250.792,72 |
1.872.580,83 |
20,20% |
|
Cash at bank generated from
operations |
2.877.172,17 |
(436.876,28) |
758,58% |
|
Payment/receipt of income tax |
(46.642,23) |
(76.373,65) |
38,93% |
|
Other receipts/payments |
(1.120.694,94) |
(482.227,44) |
(132,40)% |
|
Cash Flows from Operational
Activities (A) |
1.709.835,00 |
(995.477,37) |
271,76% |
|
CASH FLOWS' INVESTMENT ACTIVITIES |
|||
|
Payments regarding: |
|||
|
Fixed tangible assets |
6.018,61 |
24.575,10 |
(75,51)% |
|
Intangible assets |
875,00 |
61.136,37 |
(98,57)% |
|
Financial investments |
31,99 |
- |
- |
|
Other assets |
- |
- |
- |
|
Receipts from: |
|||
|
Fixed tangible assets |
- |
951,22 |
- |
|
Intangible assets |
- |
- |
- |
|
Financial investments |
- |
- |
- |
|
Other assets |
- |
- |
- |
|
Investment subsidies |
- |
- |
- |
|
Interest and similar income |
- |
- |
- |
|
Dividends |
- |
- |
- |
|
Cash Flows' Investments Activities
(B) |
(6.925,60) |
(84.760,25) |
91,83% |
|
CASH FLOWS' INVESTMENT ACTIVITIES |
|||
|
Receipts from: |
|||
|
Obtained financing |
- |
2.415.000,00 |
- |
|
Paying-up of capital and other
equity instruments |
- |
- |
- |
|
Coverage of losses |
- |
- |
- |
|
Donations |
- |
- |
- |
|
Other financing operations |
- |
- |
- |
|
Payments regarding: |
|||
|
Obtained financing |
982.783,38 |
181.233,51 |
442,27% |
|
Interests and similar expenses |
752.586,44 |
895.758,12 |
(15,98)% |
|
Dividends |
- |
- |
- |
|
Capital's redution and other
equity instruments |
- |
- |
- |
|
Other financing operations |
- |
- |
- |
|
Cash Flows' Financing Activities © |
(1.735.369,82) |
1.338.008,37 |
(229,70)% |
|
Variation in cash at bank and its
equivalents (A+B+C) |
(32.460,42) |
257.770,75 |
(112,59)% |
|
Effect of exchange differences |
- |
- |
- |
|
Cash at bank and its equivalents
at the start of period |
601.144,02 |
343.373,27 |
75,07% |
|
Cash at bank and its equivalents
at the end of period |
568.683,60 |
601.144,02 |
(5,40)% |
|
CASH FLOWS |
|
Movimentos do Periodo de 2014 |
||||
|
Rubrics |
Initial balance |
Debits |
Credits |
Final balance |
|
PERIOD'S CARRYING AMOUNT AND
MOVEMENTS |
|
|||
|
Cash in hand |
1.750,00 |
5.614,23 |
5.614,23 |
1.750,00 |
|
Order deposits |
599.394,02 |
80.700.704,96 |
80.733.165,38 |
566.933,60 |
|
Other bank deposits |
- |
- |
- |
0,00 |
|
Total cash at bank and bank
deposits |
601.144,02 |
80.706.319,19 |
80.738.779,61 |
568.683,60 |
|
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 |
50.000,00 |
0,00 |
50.000,00 |
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 |
322.010,63 |
- |
322.010,63 |
|
Other receivables |
- |
- |
0,00 |
|
Equity instruments and other
securities |
- |
- |
0,00 |
|
Others |
- |
- |
0,00 |
|
TOTAL |
322.010,63 |
0,00 |
322.010,63 |
DEBTS
REGISTERED AS DOUBTFUL
|
|
Rubrics |
Value |
|
Regarding insolvency and company
recovery procedures or enforcement procedures |
- |
|
Claimed in court |
1.737.023,04 |
|
In arrears: |
217.240,73 |
|
Over six months and up to twelve
months |
171.997,84 |
|
Over twelve months and up to
eighteen months |
16.962,16 |
|
Over eighteen months and up to
twenty four months |
3.856,73 |
|
Over twenty four months |
24.424,00 |
|
TOTAL |
1.954.263,77 |
|
EMPLOYEE BENEFITS, COMPANY
EMPLOYEES AND PERSONNEL COSTS |
|
Rubrics |
Average number of employees |
Average number of hours worked |
|
Company employees, paid and unpaid |
27 |
47.916 |
|
Paid company employees |
27 |
47.916 |
|
Company UNPAID employees |
0 |
0 |
|
Company employees, by type of
working hours |
||
|
Full time company employees |
27 |
47.916 |
|
Of which: Full time company
employees |
27 |
47.916 |
|
Part time company employees |
- |
- |
|
Of which: Part time company
employees |
- |
- |
|
Company employees, by gender: |
||
|
Men |
16 |
28.244 |
|
Women |
11 |
19.672 |
|
Company employees, of which: |
||
|
Company employees assigned to
Research and Development |
- |
- |
|
Service providers |
1 |
1.104 |
|
People placed through temporary
employment agencies |
- |
- |
|
Staff costs |
|
Rubrics |
Value |
|
Staff costs |
2.173.487,03 |
|
Governance Bodies Remuneration |
431.817,20 |
|
Of which: Profit-sharing |
- |
|
Employees remuneration |
1.297.658,75 |
|
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 |
25.000,00 |
|
Charges on remunerations |
385.133,34 |
|
Insurance for accidents at work
and professional diseases |
13.951,07 |
|
Social security expenses |
- |
|
Other staff costs |
19.926,67 |
|
Of which: |
|
|
Expenditure on education |
12.276,00 |
|
Expenditure on uniforms |
- |
INFORMATION
BY GEOGRAPHIC MARKETS
|
|
Geographic markets |
||||
|
Rubrics |
Internal |
EU |
Extra-EU |
Total |
|
Sales |
49.406.323,53 |
4.168.637,26 |
117.872,85 |
53.692.833,64 |
|
Services provided |
- |
- |
- |
0,00 |
|
Purchases |
1.217.053,30 |
16.928.756,06 |
25.391.214,63 |
43.537.023,99 |
|
Supplies and external services |
7.192.548,55 |
394.518,83 |
- |
7.587.067,38 |
|
Acquisition of fixed tangible
assets |
9.615,94 |
- |
- |
9.615,94 |
|
Acquisition of investment
properties |
- |
- |
- |
0,00 |
|
Acquisition of intangible assets |
875,00 |
- |
- |
875,00 |
|
Supplementary income: |
0,00 |
680,75 |
0,00 |
680,75 |
|
Social services |
- |
- |
- |
0,00 |
|
Equipment rental |
- |
- |
- |
0,00 |
|
Studies, projects and
technological assistance |
- |
- |
- |
0,00 |
|
Royalities |
- |
680,75 |
- |
680,75 |
|
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 |
- |
13.345.354,31 |
- |
|
Trade notes receivable |
- |
- |
- |
|
Advances received from customers |
- |
- |
- |
|
Suppliers |
|||
|
Trade accounts payable |
- |
2.121.001,23 |
- |
|
Trade notes payable |
- |
- |
- |
|
Trade accounts payable - unchecked
invoices |
- |
- |
- |
|
Advances to suppliers |
- |
4.141,65 |
- |
|
Staff |
|||
|
Payable remunerations |
- |
57.761,00 |
- |
|
Advanced payments |
- |
919,39 |
- |
|
Bonds |
- |
- |
- |
|
Other operations |
- |
- |
- |
|
State and other public sector
institutions |
|||
|
Income Tax |
- |
338.548,90 |
- |
|
Deductible IVA (debt cumulative
amounts) |
- |
6.316.645,16 |
- |
|
Paid IVA (credit cumulative
amounts) |
- |
9.594.778,91 |
- |
|
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 |
- |
1.664,18 |
- |
|
Trade accounts payable - unchecked
invoices |
- |
- |
- |
|
Advanced payments to investment
providers |
- |
- |
- |
|
additional income - Debtors |
- |
365.000,00 |
- |
|
additional expenses - Creditors |
- |
833.446,56 |
- |
|
Deferred tax assets |
- |
- |
- |
|
Deferred tax liabilities |
- |
- |
- |
|
Unreleased subscriptions -
Creditors |
- |
- |
- |
|
Advances received on account of
sales |
- |
- |
- |
|
Other debtors and creditors |
|||
|
Other debtors |
- |
565.207,21 |
- |
|
Other creditors |
- |
18.320,92 |
- |
EXPENSE
ACCOUNTS
|
|
Rubrics |
2014 |
2013 |
PERIODS |
|
Supplies and external services |
- |
7.394.787,52 |
- |
|
Subcontracts |
- |
- |
- |
|
Specialized services |
- |
5.930.259,64 |
- |
|
Specialized works |
- |
929.517,84 |
- |
|
Of which: Payments to workers
placed through agencies |
- |
- |
- |
|
Advertising and promotion |
- |
4.992.344,64 |
- |
|
Surveillance and security |
- |
182,66 |
- |
|
Fees |
- |
131,90 |
- |
|
Comissions |
- |
- |
- |
|
Maintenance and repairs |
- |
8.082,60 |
- |
|
Others |
- |
- |
- |
|
Materials |
- |
274,99 |
- |
|
Fast wear tools and utensils |
- |
- |
- |
|
Books and technical documentation |
- |
128,99 |
- |
|
Office material |
- |
- |
- |
|
Gift items |
- |
146,00 |
- |
|
Others |
- |
- |
- |
|
Energy and fluids |
- |
67.606,84 |
- |
|
Electricity |
- |
7.380,75 |
- |
|
Fuels |
- |
57.602,31 |
- |
|
Water |
- |
605,32 |
- |
|
Others |
- |
2.018,46 |
- |
|
Travel, lodging and transportation |
- |
940.811,43 |
- |
|
Travel and lodging |
- |
52.404,14 |
- |
|
Transport of personnel |
- |
- |
- |
|
Transport of goods |
- |
888.407,29 |
- |
|
Others |
- |
- |
- |
|
Different services |
- |
455.834,62 |
- |
|
Rents and leases |
- |
119.485,86 |
- |
|
Of which: Rents from land |
- |
- |
- |
|
Communication |
- |
44.125,79 |
- |
|
Insurance |
- |
271.332,37 |
- |
|
Royalties |
- |
- |
- |
|
Litigation and Notaries |
- |
5.371,44 |
- |
|
Representation expenses |
- |
8.949,16 |
- |
|
Cleaning, hygiene and comfort |
- |
6.570,00 |
- |
|
Other services |
- |
- |
- |
|
Deliberation of Approval of
Accounts |
|
Were the financial year's accounts
approved? |
|
|
YES |
|
|
Data da Aprovação: 25-03-2015 |
|
|
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 |
1.304.513,13 |
481.883,11 |
|
Allocated results / Available
profits |
0,00 |
- |
|
Percentages or bonuses to managing
bodies |
- |
- |
|
Ditto to staff |
- |
- |
|
Reserves |
42.000,00 |
- |
|
Coverage of losses |
- |
(208.785,23) |
|
7. Others |
- |
- |
|
BALANCE (1-2-3-4-5-6-7) |
1.262.513,13 |
690.668,34 |
|
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? |
|
|
YES |
|
|
Has the inspection body issued an
assessment? |
|
|
NO |
|
|
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: 505988283 |
|
|
Was the Legal certification of
accounts issued? |
|
|
YES |
|
|
With reserves |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.88 |
|
|
1 |
Rs.99.89 |
|
Euro |
1 |
Rs.72.06 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.