MIRA INFORM REPORT

 

 

Report No. :

340276

Report Date :

09.09.2015

 

IDENTIFICATION DETAILS

 

Name :

SAVIOR-ARTIGOS TEXTEIS LDA

 

 

Registered Office :

Travessa Da Linha, S/N - Aldeias De Cima  4785-686-Trofa

 

 

Country :

Portugal

 

 

Financials (as on) :

2014

 

 

Date of Incorporation :

04.03.1986

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

  • Manufacture of knitted fabrics.
  • Wholesale trade of textiles.

 

 

No. of Employees :

10

 

 

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

SAVIOR-ARTIGOS TEXTEIS LDA

V.A.T. Number / NIF

501819398

Address

Travessa da Linha, s/n - Aldeias de Cima

Postal Code

4785-686-TROFA

Municipality

TROFA

District

PORTO

Country

Portugal

Telephone

252415492

Fax

252428108

CAE Main

13910- Manufacture of knitted fabrics

CAE Secondary

46410- Wholesale trade of textiles

 

 

Financial Highlights

 

2012

2013

2014

Net Sales

3.707.760,73

4.519.051,95

5.236.078,28

Net Income For the Year

10.331,62

9.209,38

45.015,72

Shareholders Funds

1.596.225,64

1.605.435,02

1.650.450,74

Stocks

2.207.049,90

2.082.803,01

1.738.832,29

LIABILITY

3.880.759,72

3.712.128,74

3.424.378,99

ASSETS

5.476.985,36

5.317.563,76

5.074.829,73

 

 

Business Concept

 

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

 

 

Summary

 

Legal Form

Private Limited Company

Constitution

04-03-1986

V.A.T. Number / NIF

501819398

Employees

10

Capital

650.000,00

Sales in : 31-12-2014

5.236.078,28

Shareholders Funds in: 31-12-2014

1.650.450,74

Actual Condition

In activity

 


Incidents

 

Insolvencies / Revitalization Processes

NO

 

Tax Situation

On this date the subject is Not registered in the debtors list of the tax authorities

 

Contributive Situation (Social Security)

Information currently unavailable at the source.

 

 

 

Management Bodies

 

SARA ALEXANDRA MARINHO DIAS

Managing-Partner

LUCIANO FILIPE MARINHO DIAS

Managing-Partner

LUCIANO MANUEL ASSUNCAO DIAS

Managing-Partner

 

 

Legal Structure

 

Registed on the Register Record Office of Trofa with the Register Number 501819398 previous number 1517 in 04-03-1986

Constitution celebrated in 04-03-1986 published on Diário da República number 74 of 31-03-1986

To oblige the company it is necessary 2 signature

 

Changes to Society

 

In 01-09-2015 on Portal MJ of 03-09-2015 manager change

In 09-02-2015 on Portal MJ of 11-02-2015 business change

In 01-10-2014 on Portal MJ of 08-10-2014 social change

e nomeação de gerência.

In 24-02-2014 on Portal MJ of 26-02-2014 social change

e renúncia de gerência.

In 29-01-2014 on Portal MJ of 29-01-2014 update of the Head Office Village

 

 

Capital

 

The Capital is 650.000,00

 

with the following distribution

 

SARA ALEXANDRA MARINHO DIAS

100.000,00

15,385%

LUCIANO FILIPE MARINHO DIAS

100.000,00

15,385%

LUCIANO MANUEL ASSUNCAO DIAS

450.000,00

69,231%

 

 

 

Biographies

 

Name

SARA ALEXANDRA MARINHO DIAS

Funtion

Managing-Partner

Address

Rua Nossa Senhora de Fátima nº171

Locality

4785-398 TROFA

Civil State

Unmarried

Name

LUCIANO FILIPE MARINHO DIAS

Funtion

Managing-Partner

Address

Rua Senhora de Fátima nº171

Locality

4785-398 TROFA

Name

LUCIANO MANUEL ASSUNCAO DIAS

Funtion

Managing-Partner

Address

Rua Nossa Senhora de Fátima, 171

Locality

4785-398 TROFA

Civil State

Married

Consort

Olga Maria Pereira Marinho Dias

Professional Connections

The subject has connections with the following company (ies)

LINHA 4-COMERCIO DE VESTUARIO LDA as Partner with a participation of 175.000,00 , in a capital of 700.000,00 .

DISTRIHAB-IMOBILIARIA SA as Shareholder and Unique Administrator .

MURENSE-IMOBILIARIA SA as Administrator .

IMOBILIARIA ASSUNCAO DIAS SA as Shareholder and Board of Director's Pres. .

A. D. C.-MEDICINA FISICA E DE REABILITACAO LDA as Managing-Partner with a participation of 15.587,43 , in a capital of 24.939,89 .

 

 

Activities

 

Main CAE

13910- Manufacture of knitted fabrics

46410- Wholesale trade of textiles

 

Business Description

Manufacture Knit fabrics made ​​by third-party equipment, from natural and synthetic yarns. It also includes the wholesale of knitted fabrics.



Type of Clients

Retailers/Wholesalers/Private Companies

Sales Conditions

Cash/credit

 

Geographic Distribution of Sales

 

Internal Market

International Market

 

Year

EU

Extra-EU

Total

 

2014

4.993.701,86

95,37%

241.868,42

4,62%

508,00

0,01%

5.236.078,28

2013

4.305.319,12

95,27%

213.732,83

4,73%

0,00

0,00%

4.519.051,95

2012

3.589.916,93

96,82%

117.615,80

3,17%

228,00

0,01%

3.707.760,73

2011

3.644.992,59

96,94%

114.843,14

3,05%

322,00

0,01%

3.760.157,73

2010

3.611.172,02

97,02%

111.037,50

2,98%

0,00

0,00%

3.722.209,52

 

Geographic Distribution of Purchases

 

Internal Market

International Market

 

Year

EU

Extra-EU

Total

 

2014

2.756.088,67

100,00%

-

-

-

-

2.756.088,67

2013

872.979,09

35,94%

154.672,64

6,37%

1.401.014,67

57,69%

2.428.666,40

2012

1.015.071,00

37,79%

100.536,28

3,74%

1.570.288,15

58,46%

2.685.895,43

2011

824.836,64

41,87%

176.534,11

8,96%

968.838,78

49,17%

1.970.209,53

2010

740.107,74

32,62%

282.781,46

12,46%

1.245.909,34

54,91%

2.268.798,54

 

 

Banks and Financial Institutions

 

BARCLAYS BANK, PLC

Vila Nova de Famalicão

BANCO BPI, SA

Trofa

MILLENNIUM BCP

Vila Nova de Famalicão

 

 

Incidents

 

Insolvencies / Revitalization Processes

NO

 

Tax Situation

On this date the subject is Not registered in the debtors list of the tax authorities

 

Contributive Situation (Social Security)

Information currently unavailable at the source.

 

There are no of incidents on our database

 

 

Employees

 

Year

Total

Men

Women

 

2014

10

8

80%

2

20%

2013

9

7

78%

2

22%

2012

9

7

78%

2

22%

2011

7

6

86%

1

14%

2010

7

6

86%

1

14%

 

 

Insurance

 

Mapfre Seguros Generales

Axa Companhia de Seguros SA

 

Head Office and Installations

 

Had head office Lugar de Lemande - Covelos, 4780-000, SANTO TIRSO

Had head office Recta das Pateiras - Rua D. Pedro V, 207, 3750-000, AGUEDA

Head office and installations Travessa da Linha, s/n - Aldeias de Cima, 4785-686, TROFA, Tel:252415492, Fax:252428108

 

 

Financial Demonstration SNC

 

Balance Sheet SNC

CoinEUROS

Year:2014

 

2014

2013

2012

% Var.2014/13

 

ASSET

Non-current assets

Tangible fixed assets

43.338,01

31.583,70

50.623,77

37,22%

Investment properties

278.421,39

257.046,58

257.046,58

8,32%

Goodwill

-

-

-

-

Intangible assets

-

-

-

-

Biological assets

-

-

-

-

Financial participations - patrimonial equity method

-

-

-

-

Financial participations - other methods

-

-

-

-

Shareholders/partners

-

-

-

-

Other financial assets

3.500,00

3.500,00

-

-

Deferred tax assets

-

-

-

-

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

-

-

-

-

Total

325.259,40

292.130,28

307.670,35

11,34%

Current assets

Inventories

1.738.832,29

2.082.803,01

2.207.049,90

(16,51)%

Biological assets

-

-

-

-

Costumers

2.828.083,70

2.698.438,09

2.608.791,25

4,80%

Advances to suppliers

-

-

-

-

State and other public entities

18.497,03

21.864,79

94.008,78

(15,40)%

Shareholders/partners

-

-

-

-

Other accounts receivable

-

-

7.340,70

-

Deferrals

3.175,83

11.675,83

20.175,83

(72,80)%

Financial assets held for trading

-

-

-

-

Other financial assets

-

-

3.500,00

-

Non-current assets held for sale

-

-

-

-

Other current assets

-

-

-

-

Cashier and bank deposits

160.981,48

210.651,76

228.448,55

(23,58)%

Total

4.749.570,33

5.025.433,48

5.169.315,01

(5,49)%

TOTAL ASSET

5.074.829,73

5.317.563,76

5.476.985,36

(4,56)%

SHAREHOLDERS FUNDS AND LIABILITIES

SHAREHOLDERS FUNDS

Capital

650.000,00

650.000,00

650.000,00

-

Own shares

-

-

-

-

Other shareholders funds instruments

555.699,47

555.699,47

555.699,47

-

Emission premiuns

-

-

-

-

Legal reserves

90.189,58

90.189,58

90.189,58

-

Other reserves

309.545,97

300.336,59

290.004,97

3,07%

Net retained

-

-

-

-

Adjustments on financial assets

-

-

-

-

Revaluation surplus

-

-

-

-

Other shareholders funds changes

-

-

-

-

Total

1.605.435,02

1.596.225,64

1.585.894,02

0,58%

Net income for the period

45.015,72

9.209,38

10.331,62

388,80%

Antecipated dividends

-

-

-

-

TOTAL OF SHAREHOLDERS FUNDS

1.650.450,74

1.605.435,02

1.596.225,64

2,80%

LIABILITY

Non-current liiabilities

Provisions

-

-

-

-

Financing obtained

786.080,39

1.067.475,46

1.158.571,78

(26,36)%

Responsability for post-employment beneficts

-

-

-

-

Diferred taxes liabilities

-

-

-

-

Other payable accounts

-

-

-

-

Total

786.080,39

1.067.475,46

1.158.571,78

(26,36)%

Current liabilities

Suppliers

1.215.361,32

1.213.350,78

1.511.731,15

0,17%

Advances from costumers

-

-

-

-

State and other public entities

38.694,64

9.977,38

9.373,67

287,82%

Shareholders/partners

573.400,00

686.400,00

605.400,00

(16,46)%

Financing obtained

694.526,19

614.693,14

499.101,77

12,99%

Other payable accounts

116.316,45

120.231,98

96.581,35

(3,26)%

Deferrals

-

-

-

-

Financial liabilities held for trading

-

-

-

-

Other financial liabilities

-

-

-

-

Non-current liabilities held for sale

-

-

-

-

Other current liabilities

-

-

-

-

Total

2.638.298,60

2.644.653,28

2.722.187,94

(0,24)%

TOTAL LIABILITIES

3.424.378,99

3.712.128,74

3.880.759,72

(7,75)%

TOTAL SHAREHOLDERS FUNDS AND LIABILITIES

5.074.829,73

5.317.563,76

5.476.985,36

(4,56)%

INCOME STATEMENT

INCOME AND EXPENSES

Sales and services

5.236.078,28

4.519.051,95

3.707.760,73

15,87%

Operating government grants

1.672,10

1.257,66

1.257,66

32,95%

Gains/losses allocated subsidiaries, associates and joint ventures

-

-

-

-

Variation in production inventories

950.266,28

-

-

-

Work for the entity itself

-

-

-

-

Cost of goods sold and materials consumed

4.050.325,67

2.542.131,99

1.881.515,93

59,33%

Suppliers and external services

1.608.712,85

1.526.084,35

1.346.637,20

5,41%

Personnel costs

169.098,04

162.646,22

163.257,60

3,97%

Impairment of inventories (losses/revearsals)

-

-

-

-

Impairment of receivables (losses/revearsals)

85.581,15

-

24.055,60

-

Provisions (increases/reductions)

(17.249,37)

-

(53.866,06)

-

Impairment of investments not depreciable/amortizable (losses/reversals)

-

-

-

-

Other impairments (losses/reversals)/impairments (losses/reversals) (exclusive use by small entities and microentities)

-

-

-

-

Increases/decreases in fair value

-

-

-

-

Other income and gains

33.158,59

38.440,74

81.037,43

(13,74)%

Other expenses and losses

92.791,61

149.703,18

254.479,29

(38,02)%

Result before depreciation, financing costs and taxes

231.915,30

178.184,61

173.976,26

30,15%

Expenses/reversals of depreciation and amortization

24.681,24

19.040,07

20.439,04

29,63%

Impairment of investments depreciable/amortizable (losses/reversals)

-

-

-

-

Operating result (before financing costs and taxes)

207.234,06

159.144,54

153.537,22

30,22%

Interest and similar income obtained

-

-

-

-

interest and similar expenses incurred

147.802,02

146.614,76

139.480,60

0,81%

Net before taxes

59.432,04

12.529,78

14.056,62

374,33%

Income tax of the period

14.416,32

3.320,40

3.725,00

334,17%

Net profit for the period

45.015,72

9.209,38

10.331,62

388,80%

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

0,027

0,006

0,006

Assets Profitability

0,041

0,03

0,028

Sales Net Profitability

0,009

0,002

0,003

EFFICIENCY RATIOS

Medium Term Receivable

197,142

217,95

256,815

Asset Rotation

1,032

0,85

0,677

PRODUCTIVITY RATIOS

Productivity

7,012

12,155

11,186

SHORT TERM RATIOS

General Liquidity

1,8

1,9

1,899

Reduced Liquidity

1,141

1,113

1,088

Immediate Liquidity

0,061

0,08

0,084

MEDIUM LONG TERM RATIOS

Financial Autonomy

0,325

0,302

0,291

Solvability

0,482

0,432

0,411

Borrowed Capital Structure

0,77

0,712

0,701

General Debt

0,897

1,048

1,038

Medium Long Term Debt

0,476

0,665

0,726

Debt Structure

0,77

0,712

0,701

Capital Structure

2,1

1,504

1,378

Operational and Financial Risk

Operational Leverage Level

5,722

12,422

11,894

Financial Leverage Level

3,487

12,701

10,923

Combined Leverage Level

19,953

157,772

129,918

 

 

CASH FLOW STATEMENT

 

 

Rubrics

2014

2013

PERIODS

 

CASH FLOWS FROM OPERATIONAL ACTIVITIES

Customers receipts

7.105.231,05

6.980.586,17

1,79%

Payments to suppliers

7.229.632,73

6.771.403,89

6,77%

Payments to employees

110.840,50

106.049,66

4,52%

Cash at bank generated from operations

(235.242,18)

103.132,62

(328,10)%

Payment/receipt of income tax

(14.416,32)

(11.204,54)

(28,66)%

Other receipts/payments

575.477,72

109.257,66

426,72%

Cash Flows from Operational Activities (A)

325.819,22

201.185,74

61,95%

CASH FLOWS' INVESTMENT ACTIVITIES

Payments regarding:

Fixed tangible assets

19.983,40

-

-

Intangible assets

-

-

-

Financial investments

-

-

-

Other assets

-

-

-

Receipts from:

Fixed tangible assets

-

-

-

Intangible assets

-

-

-

Financial investments

-

-

-

Other assets

-

-

-

Investment subsidies

-

-

-

Interest and similar income

-

-

-

Dividends

-

-

-

Cash Flows' Investments Activities (B)

(19.983,40)

0,00

-

CASH FLOWS' INVESTMENT ACTIVITIES

Receipts from:

Obtained financing

3.499.366,01

3.695.167,67

(5,30)%

Paying-up of capital and other equity instruments

-

-

-

Coverage of losses

-

-

-

Donations

-

-

-

Other financing operations

-

-

-

Payments regarding:

Obtained financing

3.700.928,03

3.670.672,62

0,82%

Interests and similar expenses

155.093,95

160.643,40

(3,45)%

Dividends

-

-

-

Capital's redution and other equity instruments

-

-

-

Other financing operations

-

-

-

Cash Flows' Financing Activities ©

(356.655,97)

(136.148,35)

(161,96)%

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

(50.820,15)

65.037,39

(178,14)%

Effect of exchange differences

1.149,87

(7.834,18)

114,68%

Cash at bank and its equivalents at the start of period

210.651,76

53.448,55

294,12%

Cash at bank and its equivalents at the end of period

160.981,48

110.651,76

45,48%

 

 

CASH FLOWS

 

 

Movimentos do Periodo de 2014

Rubrics

Initial balance

Debits

Credits

Final balance

 

PERIOD'S CARRYING AMOUNT AND MOVEMENTS

 

Cash in hand

1.680,63

7.038.568,62

7.034.932,87

5.316,38

Order deposits

108.971,13

8.688.844,05

8.752.150,08

45.665,10

Other bank deposits

100.000,00

110.000,00

100.000,00

110.000,00

Total cash at bank and bank deposits

210.651,76

15.837.412,67

15.887.082,95

160.981,48

Of which: Bank deposits abroad

-

-

-

0,00

 

Rubrics

Value

 

OTHER INFORMATION

 

Receipts from:

 

Non-life insurance claims

-

Operating subsidies

-

Cash at bank and its equivalents not available for use

-

 

 

ASSETS IMPAIRMENT

 

 

Movimentos do Periodo de 2014

Impairment losses

Impairment losses reversals

Rubrics

Recognized in profit and loss

On revalued assets recognized in equity

Total

Recognized in profit and loss

Recognized in Equity

Total

 

Individual assets

 

Fixed tangible assets

0,00

-

-

0,00

-

-

Goodwill

0,00

0,00

-

-

0,00

0,00

Intangible assets

0,00

-

-

0,00

-

-

Investment properties (cost model)

0,00

0,00

-

0,00

0,00

-

Investments in progress

0,00

0,00

-

0,00

0,00

-

Financial investments

0,00

0,00

-

0,00

0,00

-

TOTAL

of which: cash-generating units

0,00

0,00

-

0,00

0,00

-

 

 

GOVERNMENT GRANTS AND GOVERNMENT ASSISTANCE

 

 

Grants from State and other public bodies

Grants from other entities

Rubrics

Value assigned in the period or in previous periods

Value attributed to the period

Value assigned in the period or in previous periods

Value attributed to the period

 

Grants related to assets/investment:

-

0,00

-

0,00

Fixed tangible assets

-

0,00

-

0,00

Land and Natural Resources

-

-

-

-

Buildings and other structures

-

-

-

-

Basic equipment

-

-

-

-

Transport equipment

-

-

-

-

Office equipment

-

-

-

-

Biological equipment

-

-

-

-

Others

-

-

-

-

Intangible assets

-

0,00

-

0,00

Development projects

-

-

-

-

Computer programmes

-

-

-

-

Industrial property

-

-

-

-

Others

-

-

-

-

Other assets

-

-

-

-

Grants related to income / operating

-

1.672,10

-

-

Value of repayments in the period:

-

0,00

-

0,00

Grants related to assets/investment

-

-

-

-

Grants related to income / operating

-

-

-

-

TOTAL

-

1.672,10

-

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

85.581,15

-

85.581,15

Other receivables

-

-

0,00

Equity instruments and other securities

-

-

0,00

Others

-

-

0,00

TOTAL

85.581,15

0,00

85.581,15

 

 

DEBTS REGISTERED AS DOUBTFUL

 

 

Rubrics

Value

 

Regarding insolvency and company recovery procedures or enforcement procedures

-

Claimed in court

-

In arrears:

0,00

Over six months and up to twelve months

-

Over twelve months and up to eighteen months

-

Over eighteen months and up to twenty four months

-

Over twenty four months

-

TOTAL

0,00

 

 

EMPLOYEE BENEFITS, COMPANY EMPLOYEES AND PERSONNEL COSTS

 

 

Rubrics

Average number of employees

Average number of hours worked

 

Company employees, paid and unpaid

10

18.400

Paid company employees

10

18.400

Company UNPAID employees

0

0

Company employees, by type of working hours

Full time company employees

10

18.400

Of which: Full time company employees

10

18.400

Part time company employees

0

0

Of which: Part time company employees

0

0

Company employees, by gender:

Men

8

14.720

Women

2

3.680

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

169.098,04

Governance Bodies Remuneration

28.560,00

Of which: Profit-sharing

-

Employees remuneration

93.575,10

Of which: Profit-sharing

-

Post-employment benefits

0,00

Pension premiums

-

Other benefits

-

Of which:

For defined contribution plans - corporate bodies

-

For defined contribution plans - others

-

Compensations

-

Charges on remunerations

24.117,10

Insurance for accidents at work and professional diseases

5.199,20

Social security expenses

-

Other staff costs

17.646,64

Of which:

Expenditure on education

-

Expenditure on uniforms

-

 

 

INFORMATION BY GEOGRAPHIC MARKETS\

 

 

Geographic markets

Rubrics

Internal

EU

Extra-EU

Total

 

Sales

4.993.343,06

241.868,42

508,00

5.235.719,48

Services provided

358,80

-

-

358,80

Purchases

2.756.088,67

-

-

2.756.088,67

Supplies and external services

1.608.712,85

-

-

1.608.712,85

Acquisition of fixed tangible assets

32.810,36

-

-

32.810,36

Acquisition of investment properties

25.000,00

-

-

25.000,00

Acquisition of intangible assets

-

-

-

0,00

Supplementary income:

26.009,04

0,00

0,00

26.009,04

Social services

-

-

-

0,00

Equipment rental

-

-

-

0,00

Studies, projects and technological assistance

-

-

-

0,00

Royalities

-

-

-

0,00

Others

26.009,04

-

-

26.009,04

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

3.114.202,55

2.939.144,95

5,96%

Trade notes receivable

46.545,40

23.625,61

97,01%

Advances received from customers

-

-

-

Suppliers

Trade accounts payable

668.088,02

771.944,10

(13,45)%

Trade notes payable

547.273,30

441.406,68

23,98%

Trade accounts payable - unchecked invoices

-

-

-

Advances to suppliers

-

-

-

Staff

Payable remunerations

807,66

-

-

Advanced payments

-

-

-

Bonds

-

-

-

Other operations

-

-

-

State and other public sector institutions

Income Tax

-

-

-

Deductible IVA (debt cumulative amounts)

985.756,82

933.312,42

5,62%

Paid IVA (credit cumulative amounts)

1.221.276,18

1.047.710,52

16,57%

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

573.400,00

686.400,00

(16,46)%

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

15.493,50

20.922,64

(25,95)%

Deferred tax assets

-

-

-

Deferred tax liabilities

-

-

-

Unreleased subscriptions - Creditors

-

-

-

Advances received on account of sales

-

-

-

Other debtors and creditors

Other debtors

-

-

-

Other creditors

100.015,29

99.309,34

0,71%

 

 

EXPENSE ACCOUNTS

 

 

Rubrics

2014

2013

PERIODS

 

Supplies and external services

1.608.712,85

1.526.084,35

5,41%

Subcontracts

1.401.755,96

1.337.830,95

4,78%

Specialized services

56.509,23

38.381,65

47,23%

Specialized works

11.708,14

11.073,20

5,73%

Of which: Payments to workers placed through agencies

-

-

-

Advertising and promotion

2.420,70

76,01

3.084,71%

Surveillance and security

100,00

-

-

Fees

8.035,85

4.030,80

99,36%

Comissions

2.910,80

-

-

Maintenance and repairs

13.296,82

13.374,92

(0,58)%

Others

18.036,92

9.826,72

83,55%

Materials

12.269,39

9.219,50

33,08%

Fast wear tools and utensils

88,38

366,68

(75,90)%

Books and technical documentation

17,50

-

-

Office material

2.745,19

945,30

190,40%

Gift items

5.271,34

5.300,17

(0,54)%

Others

4.146,98

2.607,35

59,05%

Energy and fluids

27.114,64

25.553,64

6,11%

Electricity

3.175,17

2.445,84

29,82%

Fuels

23.939,47

23.098,80

3,64%

Water

-

-

-

Others

-

9,00

-

Travel, lodging and transportation

14.723,64

18.174,14

(18,99)%

Travel and lodging

1.665,61

58,30

2.756,96%

Transport of personnel

-

-

-

Transport of goods

9.316,50

15.159,33

(38,54)%

Others

3.741,53

2.956,51

26,55%

Different services

96.339,99

96.924,47

(0,60)%

Rents and leases

46.270,38

45.323,16

2,09%

Of which: Rents from land

-

-

-

Communication

9.974,75

8.213,22

21,45%

Insurance

31.979,04

36.067,54

(11,34)%

Royalties

-

-

-

Litigation and Notaries

1.121,97

125,40

794,71%

Representation expenses

6.128,04

5.343,76

14,68%

Cleaning, hygiene and comfort

770,01

673,05

14,41%

Other services

95,80

1.178,34

(91,87)%

 

Deliberation of Approval of Accounts

 

Were the financial year's accounts approved?

YES

Data da Aprovação: 31-03-2015

By (Unanimity/Majority):

Unanimity

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

100

The accounts were approved:

In general meeting regularly convoked

The accounts were approved:

In POC/SNC/NCM (National Plan of Accounts/Accounting Normalization System/Accounting Normalization for micro entities)

 

 

PROFIT APLICATION ACCORDING TO THE DELIBERATION THAT APPROVED THE FINANCIAL YEAR'S ACCOUNTS

 

 

Rubrics

2014

2013

 

Retained earnings

45.015,72

9.209,38

Allocated results / Available profits

0,00

-

Percentages or bonuses to managing bodies

-

-

Ditto to staff

-

-

Reserves

45.015,72

9.209,38

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?

NO

Has the inspection body issued an assessment?

Information Available

The inspection body pronounced:

Information Available

LEGAL CERTIFICATION OF ACCOUNTS (CLC)

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

NO

Identificação do ROC:

Was the Legal certification of accounts issued?

Information Available

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.66.61

UK Pound

1

Rs.102.30

Euro

1

Rs.74.61

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

VNT

 

               

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.