MIRA INFORM REPORT

 

 

Report No. :

346713

Report Date :

27.10.2015

 

IDENTIFICATION DETAILS

 

Name :

RODI-SINKS & IDEAS SA

 

 

Registered Office :

Rua da Indústria, Lugar do Monte, 3800-908-Eixo Aveiro

 

 

Country :

Portugal

 

 

Financials (as on) :

2014

 

 

Date of Incorporation :

03.11.2006

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

  • Manufacture of bicycles and vehicles for disabled
  • Manufacture of crockery and metal articles for domestic use

 

 

No. of Employee :

239

 

 

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

RODI-SINKS & IDEAS SA

IIC Number

1155054

V.A.T. Number / NIF

507864018

Address

Rua da Indústria, Lugar do Monte

Postal Code

3800-908-EIXO

Municipality 

AVEIRO

District

AVEIRO

Country

Portugal

Telephone

234920260

Fax

234931476

E-Mail

rodi@rodi.pt

Web Site

www.rodi.pt

CAE Main

30920- Manufacture of bicycles and vehicles for disabled

CAE Secondary

25991- Manufacture of crockery and metal articles for domestic use

 

 

FINANCIAL HIGHLIGHTS

 

 

2012

2013

2014

Net Sales

22.375.970,60

21.580.515,08

23.821.125,71

Net Income

1.248.300,93

1.600.270,02

2.949.868,35

For the Year

Shareholders Funds

22.642.732,53

24.179.516,33

23.563.481,26

Stocks

5.165.691,70

4.972.079,44

4.892.973,62

LIABILITY

19.312.591,66

17.382.855,50

18.841.413,53

ASSETS

41.955.324,19

41.562.371,83

42.404.894,79

 

 

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

Joint Stock Company

Constitution

03-11-2006

V.A.T. Number / NIF

507864018

Employees

239

Capital

6.000.000,00

Sales in : 31-12-2014

23.821.125,71

Shareholders Funds in: 31-12-2014

23.563.481,26

 

 

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.

 

 

GOVERNING BODIES

 

 

Board of Director's

 

ARMANDO LEVI HENRIQUES DA SILVA

Board of Director's President

ANA LUISA SILVA

Administrator

MARIA LUISA MIGUEIS TAVARES DA SILVA

Administrator

 

Fiscal Board

 

PRICEWATERHOUSECOOPERS & ASSOCIADOS-SOCIEDADE DE REVISORES

 

 

Unique Fiscal

OFICIAIS DE CONTAS LDA

 

JOSE PEREIRA ALVES

Fiscal Board Substitute

 

 

LEGAL STRUCTURE

 

Registed on the Register Record Office of Aveiro with the Register Number 507864018 in 16-11-2006

Constitution celebrated in 03-11-2006 published on Portal MJ of 16-11-2006

To oblige the company it is necessary 2 signature

 

 

Changes to Society

 

In 24-07-2015 on Portal MJ of 24-07-2015 head office change Clique para ver detalhes and social capital

In 24-10-2014 on Portal MJ of 07-11-2014 appointment of board of directors

In 16-05-2014 on Portal MJ of 27-05-2014 resignation of board of directors

In 05-08-2013 on Portal MJ of 02-10-2013 appointment of board of directors

In 05-05-2010 on Portal MJ of 06-05-2010 appointment of board of directors

 

 

CAPITAL

 

The Capital is 6.000.000,00 , divided in 1200000 shares , with a nominal value of 5,00

 

 

ACTIVITIES

 

Main CAE                     30920- Manufacture of bicycles and vehicles for disabled

25991- Manufacture of crockery and metal articles for domestic use

 

 

Business Description

 

Manufacture, sale, import and export goods and accessories for bicycles as well as the manufacture and sale of washing tableware and accessories for home use

 

 

GEOGRAPHIC DISTRIBUTION OF SALES

 

 

 

Internal Market

 

 

International Market

 

 

Year

 

 

 

EU

 

Extra-EU

Total

2014

5.399.780,75

22,67%

15.205.150,48

63,83%

3.216.194,48

13,50%

23.821.125,71

2013

4.711.760,56

21,83%

14.032.406,71

65,02%

2.836.347,81

13,14%

21.580.515,08

2012

6.905.684,94

30,86%

12.986.940,00

58,04%

2.483.345,66

11,10%

22.375.970,60

2011

6.988.994,79

30,15%

13.884.580,75

59,90%

2.306.405,99

9,95%

23.179.981,53

2010

8.337.175,60

32,69%

14.276.199,40

55,98%

2.888.381,56

11,33%

25.501.756,56

 

 

GEOGRAPHIC DISTRIBUTION OF PURCHASES

 

 

Internal Market

 

 

International Market

 

 

Year

 

 

 

EU

 

Extra-EU

Total

2014

5.936.128,13

51,10%

5.501.693,08

47,36%

178.793,91

1,54%

11.616.615,12

2013

5.923.138,08

55,77%

4.662.672,01

43,91%

33.924,53

0,32%

10.619.734,62

2012

7.023.745,27

63,52%

3.882.794,22

35,11%

151.297,41

1,37%

11.057.836,90

2011

8.757.186,00

76,58%

2.642.338,86

23,11%

35.468,85

0,31%

11.434.993,71

2010

8.810.074,90

67,43%

4.235.393,03

32,41%

20.823,99

0,16%

13.066.291,92

 

 

 

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.

 

 

EMPLOYEES

 

Year

Total

Men

Women

2014

239

104

44%

135

56%

2013

226

95

42%

131

58%

2012

226

95

42%

131

58%

2011

227

93

41%

134

59%

2010

216

89

41%

127

59%

 

 

HEAD OFFICE AND INSTALLATIONS

 

Has head office Rua da Indústria, Lugar do Monte, 3800-908, EIXO

Had head office Lugar do Monte, 3800-729, EIXO

 

 

FINANCIAL DEMONSTRATION SNC

 

Balance Sheet SNC

 

CoinEUROS

 

 

 

Year:2014

 

2014

2013

2012

% Var.2014/13

ASSET

 

 

 

 

Non-current assets

 

 

 

 

Tangible fixed assets

3.001.838,79

2.678.727,06

3.201.708,99

12,06%

Investment properties

-

-

-

-

Goodwill

24.819.345,43

24.819.345,43

24.819.345,43

-

Intangible assets

133.295,78

66.233,73

27.465,85

101,25%

Biological assets

-

-

-

-

Financial participations - patrimonial equity method

3.377.092,46

3.273.638,79

3.147.998,17

3,16%

Financial participations - other methods

70.020,00

85.020,00

40.000,00

(17,64)%

Shareholders/partners

-

-

-

-

Other financial assets

8.549,64

80,31

-

10.545,80%

Deferred tax assets

-

3.331,03

6.662,04

-

Financial investments(exclusive use by small entities  and micro entities)

-

-

-

-

Total

31.410.142,10

30.926.376,35

31.243.180,48

1,56%

Current assets

 

 

 

 

Inventories

4.892.973,62

4.972.079,44

5.165.691,70

(1,59)%

Biological assets

-

-

-

-

Costumers

4.863.341,84

4.188.056,81

4.484.539,14

16,12%

Advances to suppliers

-

-

-

-

State and other public entities

557.580,75

1.166.687,34

752.033,57

(52,21)%

Shareholders/partners

-

-

-

-

Other accounts receivable

55.070,08

55.234,56

58.740,44

(0,30)%

Deferrals

87.627,40

84.331,50

155.701,11

3,91%

Financial assets held for trading

-

-

-

-

Other financial assets

-

-

-

-

Non-current assets held for sale

-

-

-

-

Other current assets

-

-

-

-

Cashier and bank deposits

538.159,00

169.605,83

95.437,75

217,30%

Total

10.994.752,69

10.635.995,48

10.712.143,71

3,37%

TOTAL ASSET

42.404.894,79

41.562.371,83

41.955.324,19

2,03%

 

SHAREHOLDERS FUNDS AND LIABILITIES

 

 

 

 

SHAREHOLDERS FUNDS

 

 

 

 

Capital

3.500.085,00

3.500.085,00

3.500.085,00

-

Own shares

-

-

-

-

Other shareholders funds instruments

9.450.272,00

12.674.701,37

12.674.701,37

(25,44)%

Emission premiuns

-

-

-

-

Legal reserves

700.017,00

700.017,00

700.017,00

-

Other reserves

6.963.238,91

5.639.082,39

4.390.781,46

23,48%

Net retained

-

-

-

-

Adjustments on financial assets

-

-

-

-

Revaluation surplus

-

-

-

-

Other shareholders funds changes

-

65.360,55

128.846,77

-

Total

20.613.612,91

22.579.246,31

21.394.431,60

(8,71)%

Net income for the period

2.949.868,35

1.600.270,02

1.248.300,93

84,34%

Antecipated dividends

-

-

-

-

TOTAL OF SHAREHOLDERS FUNDS

23.563.481,26

24.179.516,33

22.642.732,53

(2,55)%

LIABILITY

 

 

 

 

Non-current liiabilities

 

 

 

 

Provisions

-

-

-

-

Financing obtained

12.119.194,94

7.323.671,00

5.243.959,21

65,48%

Responsability for post-employment beneficts

-

-

-

-

Diferred taxes liabilities

-

21.786,84

42.948,91

-

Other payable accounts

-

451.077,26

451.077,26

-

Total

12.119.194,94

7.796.535,10

5.737.985,38

55,44%

Current liabilities

 

 

 

 

Suppliers

2.026.925,09

2.891.188,82

2.145.885,95

(29,89)%

Advances from costumers

-

-

-

-

State and other public entities

446.730,22

324.503,94

384.051,35

37,67%

Shareholders/partners

-

-

-

-

Financing obtained

2.990.228,81

5.237.936,82

9.682.802,46

(42,91)%

Other payable accounts

1.258.334,47

1.132.690,82

1.361.866,52

11,09%

Deferrals

-

-

-

-

Financial liabilities held for trading

-

-

-

-

Other financial liabilities

-

-

-

-

Non-current liabilities held for sale

-

-

-

-

Other current liabilities

-

-

-

-

Total

6.722.218,59

9.586.320,40

13.574.606,28

(29,88)%

TOTAL LIABILITIES

18.841.413,53

17.382.855,50

19.312.591,66

8,39%

TOTAL SHAREHOLDERS FUNDS AND LIABILITIES

 

42.404.894,79

41.562.371,83

41.955.324,19

2,03%

INCOME STATEMENT

 

 

 

 

 

INCOME AND EXPENSES

 

 

 

 

Sales and services

23.821.125,71

21.580.515,08

22.375.970,60

10,38%

Operating government grants

-

-

-

-

Gains/losses allocated subsidiaries, associates and joint

 

 

 

 

 

103.453,67

125.640,62

88.939,90

(17,66)%

ventures

 

 

 

 

Variation in production inventories

(347.818,56)

(179.383,98)

234.708,55

93,90%

Work for the entity itself

-

-

-

-

Cost of goods sold and materials consumed

10.937.744,80

10.555.705,36

11.059.020,09

3,62%

Suppliers and external services

4.243.728,81

4.170.655,11

3.733.502,90

1,75%

Personnel costs

3.997.098,12

3.862.303,22

3.934.923,77

3,49%

Impairment of inventories (losses/revearsals)

22.330,21

(15.916,83)

27.121,15

(240,29)%

Impairment of receivables (losses/revearsals)

18.027,40

(62.465,22)

183.658,83

(128,86)%

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

(5.230,00)

-

-

-

Other income and gains

1.365.975,95

837.520,45

222.562,79

63,10%

Other expenses and losses

631.370,38

314.435,74

380.294,47

100,79%

Result before depreciation, financing costs and taxes

5.087.207,05

3.539.574,79

3.603.660,63

43,72%

Expenses/reversals of depreciation and amortization

1.113.797,11

1.212.087,48

1.335.428,45

(8,11)%

Impairment of investments depreciable/amortizable (losses/reversals)

-

-

-

-

Operating result (before financing costs and taxes)

3.973.409,94

2.327.487,31

2.268.232,18

70,72%

Interest and similar income obtained

-

-

-

-

interest and similar expenses incurred

599.314,42

593.119,56

583.326,58

1,04%

Net before taxes

3.374.095,52

1.734.367,75

1.684.905,60

94,54%

Income tax of the period

424.227,17

134.097,73

436.604,67

216,36%

Net profit for the period

2.949.868,35

1.600.270,02

1.248.300,93

84,34%

 

 

RATIOS SNC

 

Closing Date

 

2014

2013

2012

TURNOVER RATIOS

 

 

 

Shareholder's Funds Profitability

0,125

0,066

0,055

Assets Profitability

0,094

0,056

0,054

Sales Net Profitability

0,124

0,074

0,056

EFFICIENCY RATIOS

 

 

 

Medium Term Receivable

74,518

70,834

73,152

Asset Rotation

0,562

0,519

0,533

PRODUCTIVITY RATIOS

 

 

 

Productivity

3,223

2,854

2,876

SHORT TERM RATIOS

 

 

 

General Liquidity

1,636

1,109

0,789

Reduced Liquidity

0,908

0,591

0,409

Immediate Liquidity

0,08

0,018

0,007

MEDIUM LONG TERM RATIOS

 

 

 

Financial Autonomy

0,556

0,582

0,54

Solvability

1,251

1,391

1,172

Borrowed Capital Structure

0,357

0,551

0,703

General Debt

0,641

0,52

0,659

Medium Long Term Debt

0,514

0,303

0,232

Debt Structure

0,357

0,551

0,703

Capital Structure

1,944

3,101

3,946

Operational and Financial Risk

 

 

 

Operational Leverage Level

3,242

4,737

4,989

Financial Leverage Level

1,178

1,342

1,346

Combined Leverage Level

3,819

6,357

6,715

 

 

CASH FLOW STATEMENT

 

Rubrics

2014

2013

PERIODS

CASH FLOWS FROM OPERATIONAL ACTIVITIES

 

 

 

Customers receipts

24.197.622,41

22.632.111,32

6,92%

Payments to suppliers

17.891.806,08

15.070.649,52

18,72%

Payments to employees

3.833.053,47

3.680.007,96

4,16%

Cash at bank generated from operations

2.472.762,86

3.881.453,84

(36,29)%

Payment/receipt of income tax

321.717,87

(108.352,77)

396,92%

Other receipts/payments

(445.315,80)

261.319,46

(270,41)%

Cash Flows from Operational Activities (A)

2.349.164,93

4.034.420,53

(41,77)%

CASH FLOWS' INVESTMENT ACTIVITIES

 

 

 

Payments regarding:

 

 

 

Fixed tangible assets

1.437.896,80

803.201,74

79,02%

Intangible assets

40.304,17

72.232,02

(44,20)%

Financial investments

12.500,00

45.020,00

(72,23)%

Other assets

-

-

-

Receipts from:

 

 

 

Fixed tangible assets

30.000,00

-

-

Intangible assets

-

-

-

Financial investments

15.000,00

-

-

Other assets

-

-

-

Investment subsidies

-

-

-

Interest and similar income

17.144,34

0,06

28.573.800,00%

Dividends

-

-

-

Cash Flows' Investments Activities (B)

(605.599,67)

(920.453,70)

34,21%

CASH FLOWS' INVESTMENT ACTIVITIES

 

 

 

Receipts from:

 

 

 

Obtained financing

15.879.821,05

10.215.000,00

55,46%

Paying-up of capital and other equity instruments

-

-

-

Coverage of losses

-

-

-

Donations

-

-

-

Other financing operations

-

-

-

Payments regarding:

 

 

 

Obtained financing

13.331.366,32

12.576.290,79

6,00%

Interests and similar expenses

699.037,45

678.507,96

3,03%

Dividends

-

-

-

Capital's redution and other equity instruments

3.224.429,37

-

-

Other financing operations

-

-

-

Cash Flows' Financing Activities ©

(1.375.012,09)

(3.039.798,75)

54,77%

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

368.553,17

74.168,08

396,92%

Effect of exchange differences

-

-

-

Cash at bank and its equivalents at the start of period

169.605,83

95.437,75

77,71%

Cash at bank and its equivalents at the end of period

538.159,00

169.605,83

217,30%

 

 

CASH FLOWS

 

MOVIMENTOS DO PERIODO DE 2014

Rubrics

Initial balance

Debits

Credits

Final balance

PERIOD'S CARRYING AMOUNT AND MOVEMENTS

 

 

 

 

Cash in hand

1.436,17

6.374.384,29

6.374.367,16

1.453,30

Order deposits

168.169,66

53.673.605,43

53.305.069,39

536.705,70

Other bank deposits

-

4.000.000,00

4.000.000,00

0,00

Total cash at bank and bank deposits

169.605,83

64.047.989,72

63.679.436,55

538.159,00

Of which: Bank deposits abroad

9.663,12

115.628,96

116.081,04

9.211,04

 

 

OTHER INFORMATION

 

 

Receipts from:

 

Non-life insurance claims

4.862,46

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 recognized in loss

On revalued assets Total equity

Total

Recognized in profit and loss

Recognized Total 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

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:

-

910.104,35

-

0,00

Fixed tangible assets

-

910.104,35

-

0,00

Land and Natural Resources

-

-

-

-

Buildings and other structures

-

-

-

-

Basic equipment

-

910.104,35

-

-

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

-

910.104,35

-

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

45.664,90

27.637,50

18.027,40

Other receivables

-

-

0,00

Equity instruments and other securities

-

-

0,00

Others

-

-

0,00

TOTAL

45.664,90

27.637,50

18.027,40

 

 

DEBTS REGISTERED AS DOUBTFUL

 

 

Rubrics

Value

Regarding insolvency and company recovery procedures or enforcement procedures

21.048,55

Claimed in court

298,34

In arrears:

785.552,80

Over six months and up to twelve months

1.762,32

Over twelve months and up to eighteen months

11.334,66

Over eighteen months and up to twenty four months

16.952,35

Over twenty four months

755.503,47

TOTAL

806.899,69

 

 

EMPLOYEE BENEFITS, COMPANY EMPLOYEES AND PERSONNEL COSTS

 

Rubrics

Average number of employees

Average number of hours worked

Company employees, paid and unpaid

239

430.040

Paid company employees

238

427.960

Company UNPAID employees

1

2.080

Company employees, by type of working hours

 

 

Full time company employees

239

430.040

Of which: Full time company employees

238

427.960

Part time company employees

-

-

Of which: Part time company employees

-

-

Company employees, by gender:

 

 

Men

104

187.130

Women

135

242.910

Company employees, of which:

 

 

Company employees assigned to Research and Development

7

-

Service providers

1

141

People placed through temporary employment agencies

1

-

 

 

STAFF COSTS

 

 

Rubrics

Value

Staff costs

3.997.098,12

Governance Bodies Remuneration

120.463,68

Of which: Profit-sharing

-

Employees remuneration

3.067.696,75

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

27.868,10

Charges on remunerations

657.768,83

Insurance for accidents at work and professional diseases

29.625,31

Social security expenses

13.333,40

Other staff costs

80.342,05

Of which:

 

Expenditure on education

19.397,16

Expenditure on uniforms

10.132,24

 

INFORMATION BY GEOGRAPHIC MARKETS

 

 

GEOGRAPHIC MARKETS

 

Rubrics

Internal

EU

Extra-EU

Total

Sales

5.387.285,44

15.205.150,48

3.216.194,48

23.808.630,40

Services provided

12.495,31

-

-

12.495,31

Purchases

5.936.128,13

5.501.693,08

178.793,91

11.616.615,12

Supplies and external services

3.591.463,64

533.858,88

118.406,29

4.243.728,81

Acquisition of fixed tangible assets

649.002,61

800.097,34

5.353,76

1.454.453,71

Acquisition of investment properties

-

-

-

0,00

Acquisition of intangible assets

126.287,07

-

-

126.287,07

Supplementary income:

0,00

5.000,00

5.082,00

10.082,00

Social services

-

-

-

0,00

Equipment rental

-

-

-

0,00

Studies, projects and technological assistance

-

-

-

0,00

Royalities

-

-

5.082,00

5.082,00

Others

-

5.000,00

-

5.000,00

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

-

4.976.929,10

-

Trade notes receivable

-

-

-

Advances received from customers

-

-

-

Suppliers

 

 

 

Trade accounts payable

-

2.846.413,66

-

Trade notes payable

-

-

-

Trade accounts payable - unchecked invoices

-

44.775,16

-

Advances to suppliers

-

-

-

Staff

 

 

 

Payable remunerations

-

-

-

Advanced payments

-

-

-

Bonds

-

-

-

Other operations

-

-

-

State and other public sector institutions

 

 

 

Income Tax

-

550.922,72

-

Deductible IVA (debt cumulative amounts)

-

3.255.899,69

-

Paid IVA (credit cumulative amounts)

-

2.279.862,12

-

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

-

118.071,85

-

Trade accounts payable - unchecked invoices

-

-

-

Advanced payments to investment providers

-

-

-

additional income - Debtors

-

-

-

additional expenses - Creditors

-

810.692,43

-

Deferred tax assets

-

3.331,03

-

Deferred tax liabilities

-

21.786,84

-

Unreleased subscriptions - Creditors

-

451.077,26

-

Advances received on account of sales

-

-

-

Other debtors and creditors

 

 

 

Other debtors

-

3.294,33

-

Other creditors

-

174.592,59

-

 

 

EXPENSE ACCOUNTS

 

 

 

 

Rubrics

2014

2013

PERIODS

Supplies and external services

-

4.170.655,11

-

Subcontracts

-

144.396,07

-

Specialized services

-

1.418.696,59

-

Specialized works

-

200.622,52

-

Of which: Payments to workers placed through agencies

-

0,00

-

Advertising and promotion

-

387.752,83

-

Surveillance and security

-

46.425,43

-

Fees

-

16.115,57

-

Comissions

-

492.357,97

-

Maintenance and repairs

-

275.422,27

-

Others

-

-

-

Materials

-

54.704,55

-

Fast wear tools and utensils

-

8.827,57

-

Books and technical documentation

-

367,00

-

Office material

-

10.288,48

-

Gift items

-

28.749,69

-

Others

-

6.471,81

-

Energy and fluids

-

565.790,00

-

Electricity

-

361.729,04

-

Fuels

-

202.539,83

-

Water

-

1.468,82

-

Others

-

52,31

-

Travel, lodging and transportation

-

1.108.086,39

-

Travel and lodging

-

186.537,95

-

Transport of personnel

-

-

-

Transport of goods

-

921.548,44

-

Others

-

-

-

Different services

-

878.981,51

-

Rents and leases

-

662.247,20

-

Of which: Rents from land

-

0,00

-

Communication

-

51.795,41

-

Insurance

-

87.666,74

-

Royalties

-

-

-

Litigation and Notaries

-

485,05

-

Representation expenses

-

38.223,70

-

Cleaning, hygiene and comfort

-

19.261,41

-

Other services

-

19.302,00

-

 

 

DELIBERATION OF APPROVAL OF ACCOUNTS

 

Were the financial year's accounts approved?

YES

 

Data da Aprovação: 14-07-2015

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

2.949.868,35

1.600.270,02

Allocated results / Available profits

0,00

-

Percentages or bonuses to managing bodies

5.000,00

27.500,00

Ditto to staff

318.486,50

248.613,50

Reserves

2.626.381,85

1.324.156,52

Coverage of losses

-

-

7. Others

-

-

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

0,00

0,00

 

 

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?

YES

 

The inspection body pronounced:

In favour of the approval of accounts

 

 

LEGAL CERTIFICATION OF ACCOUNTS (CLC)

 

Is the entity required to have certified accounts by a Statutory Auditor/Statutory Audit Firm?

YES

 

Identificação do ROC: 506628752

 

Was the Legal certification of accounts issued?

YES

 

With adverse opinion

With emphasis

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.64.96

UK Pound

1

Rs.99.55

Euro

1

Rs.71.64

 

 

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.