MIRA INFORM REPORT

 

 

Report No. :

341355

Report Date :

16.09.2015

 

IDENTIFICATION DETAILS

 

Name :

CONSERMAR-PRODUTOS ALIMENTARES LDA

 

 

Registered Office :

Lugar Botulho 3460-208-Tondela Viseu

 

 

Country :

Portugal

 

 

Financials (as on) :

2014

 

 

Date of Incorporation :

26.06.1990

 

 

Com. Reg. No.:

502386126

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

·         Wholesale trade of fish and shellfish

  • Wholesale of other food products n.d

 

 

No. of Employees :

32

 

 

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

CONSERMAR-PRODUTOS ALIMENTARES LDA

V.A.T. Number / NIF

502386126

Address

Lugar Botulho

Postal Code

3460-208-TONDELA

Municipality

TONDELA

District

VISEU

Country

Portugal

Telephone

232813119, 254324058

Fax

232822168, 254313939

CAE Main

46381- Wholesale trade of fish and shellfish

CAE Secondary

46382- Wholesale of other food products n.d

 

Sales - Sector Comparison

 

 

Financial Highlights

 

2012

2013

2014

Net Sales

7.394.307,22

6.357.107,32

7.023.886,97

Net Income For the Year

101.447,96

93.450,10

51.792,72

Shareholders Funds

1.511.484,94

1.604.935,04

1.565.033,72

Stocks

1.827.363,42

1.981.673,19

1.309.772,75

LIABILITY

3.276.563,20

3.544.172,53

3.741.439,87

ASSETS

4.788.048,14

5.149.107,57

5.306.473,59

 

                                                      

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

26-06-1990

V.A.T. Number / NIF

502386126

Employees

32

Capital

130.000,00

Sales in : 31-12-2014

7.023.886,97

Shareholders Funds in: 31-12-2014

1.565.033,72

Payments

Good

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

 

LUIS CARLOS DA COSTA COIMBRA

Managing-Partner

 

Gráficos de Análise Sectorial

 

Legal Structure

 

Registed on the Register Record Office of Tondela with the Register Number 502386126 previous number 1011 in 11-04-2003

Constitution celebrated in 26-06-1990 published on Diário da República number 108 of 11-05-1991

To oblige the company it is necessary 1 signatures

 

Changes to Society

 

In 11-04-2003 on Diário da República number 156 of 09-07-2003 denomination change Clique para ver detalhes

de Consermar-Conservas do Mar Lda para Consermar-Produtos Alimentares Lda .

 

Capital

 

The Capital is 130.000,00

 

with the following distribution

 

LUIS JORGE FRIAS MORGADO

13.000,00

10%

LUIS CARLOS DA COSTA COIMBRA

117.000,00

90%

 

 

Biographies

 

 

Name

LUIS JORGE FRIAS MORGADO

Funtion

Partner

Address

Travessa da Rua José Saramago, Lote 9

Locality

3440 SANTA COMBA DAO

Civil State

Previous Connections

Foi gerente da firma Penaparque-Investimento e Gestão do Parque Industrial de Penacova Lda.

Historical of Professional Connections and Participations

The subject had links with the following company(ies):

BEIRAFRIO-INDUSTRIA DE PRODUTOS ALIMENTARES SA como Vogal do Conselho de Administração.

Name

LUIS CARLOS DA COSTA COIMBRA

Funtion

Managing-Partner

Address

Rua Dr. Ricardo Mota, 591

Locality

3460-208 TONDELA

Previous Connections

Foi presidente da firma Mondimóvel-Imobiliária e Construção S.A.

Links to others companies

The subject has connections with the following company (ies)

FITMAR-INDUSTRIA DE PRODUTOS ALIMENTARES LDA as Manager .

DELTAGEL-PRODUTOS ALIMENTARES SA as Board of Director's President .

 

Activities

 

Main CAE

46381- Wholesale trade of fish and shellfish

46382- Wholesale of other food products n.d

 

Business Description

Trade in food products ( meat, fish and vegetables)

 

Geographic Distribution of Sales

 

Internal Market

International Market

 

Year

EU

Extra-EU

Total

 

2014

7.021.363,35

99,96%

2.523,62

0,04%

0,00

0,00%

7.023.886,97

2013

6.356.271,15

99,99%

836,17

0,01%

0,00

0,00%

6.357.107,32

2012

7.394.307,22

100,00%

0,00

0,00%

0,00

0,00%

7.394.307,22

2011

8.634.692,35

100,00%

0,00

0,00%

0,00

0,00%

8.634.692,35

2010

7.924.500,81

100,00%

0,00

0,00%

0,00

0,00%

7.924.500,81

 

Geographic Distribution of Purchases

 

Internal Market

International Market

 

Year

EU

Extra-EU

Total

 

2014

4.043.633,09

69,19%

1.103.181,16

18,88%

697.768,04

11,94%

5.844.582,29

2013

3.467.561,20

66,20%

1.392.116,23

26,58%

378.073,78

7,22%

5.237.751,21

2012

6.477.141,25

100,00%

-

-

-

-

6.477.141,25

2011

5.421.651,33

69,93%

2.134.238,20

27,53%

196.908,93

2,54%

7.752.798,46

2010

4.759.795,24

69,06%

2.132.727,87

30,94%

-

-

6.892.523,11

 

 

Banks and Financial Institutions

 

BANCO SANTANDER TOTTA SA

Tondela

BANCO BIC PORTUGUES SA

Centro Empresas Viseu

BANCO POPULAR PORTUGAL SA

Viseu

 

 

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

32

25

78%

7

22%

2013

26

25

96%

1

4%

2012

32

31

97%

1

3%

2011

34

33

97%

1

3%

2010

34

34

100%

0

0%

 

 

Insurance

 

Axa Companhia de Seguros SA

 

Head Office and Installations

 

Has head office Lugar Botulho , 3460-208, TONDELA

 

 

Financial Demonstration SNC

 

Balance Sheet SNC

CoinEUROS

Year:2014

 

2014

2013

2012

% Var.2014/13

ASSET

Non-current assets

Tangible fixed assets

2.820.414,48

2.003.972,84

1.880.790,74

40,74%

Investment properties

-

-

-

-

Goodwill

-

-

-

-

Intangible assets

-

-

-

-

Biological assets

-

-

-

-

Financial participations - patrimonial equity method

-

-

-

-

Financial participations - other methods

-

-

-

-

Shareholders/partners

-

-

-

-

Other financial assets

19.888,27

20.177,64

8.300,00

(1,43)%

Deferred tax assets

-

-

-

-

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

-

-

-

-

Total

2.840.302,75

2.024.150,48

1.889.090,74

40,32%

Current assets

Inventories

1.309.772,75

1.981.673,19

1.827.363,42

(33,91)%

Biological assets

-

-

-

-

Costumers

959.980,01

911.147,43

682.067,57

5,36%

Advances to suppliers

-

-

-

-

State and other public entities

4.175,35

9.416,81

12.102,49

(55,66)%

Shareholders/partners

-

-

-

-

Other accounts receivable

1.234,20

6.331,64

121.128,52

(80,51)%

Deferrals

6.241,29

8.291,08

15.890,51

(24,72)%

Financial assets held for trading

4.129,43

3.328,21

2.223,87

24,07%

Other financial assets

-

-

-

-

Non-current assets held for sale

-

-

-

-

Other current assets

-

-

-

-

Cashier and bank deposits

180.637,81

204.768,73

238.181,02

(11,78)%

Total

2.466.170,84

3.124.957,09

2.898.957,40

(21,08)%

TOTAL ASSET

5.306.473,59

5.149.107,57

4.788.048,14

3,06%

SHAREHOLDERS FUNDS AND LIABILITIES

SHAREHOLDERS FUNDS

Capital

130.000,00

130.000,00

130.000,00

-

Own shares

-

-

-

-

Other shareholders funds instruments

-

-

-

-

Emission premiuns

-

-

-

-

Legal reserves

53.342,55

48.670,04

43.597,64

9,60%

Other reserves

-

-

-

-

Net retained

126.663,18

886.473,27

787.558,35

(85,71)%

Adjustments on financial assets

-

-

-

-

Revaluation surplus

1.203.235,27

446.341,63

448.880,99

169,58%

Other shareholders funds changes

-

-

-

-

Total

1.513.241,00

1.511.484,94

1.410.036,98

0,12%

Net income for the period

51.792,72

93.450,10

101.447,96

(44,58)%

Antecipated dividends

-

-

-

-

TOTAL OF SHAREHOLDERS FUNDS

1.565.033,72

1.604.935,04

1.511.484,94

(2,49)%

LIABILITY

Non-current liiabilities

Provisions

-

-

-

-

Financing obtained

1.019.918,65

1.326.275,67

1.132.790,43

(23,10)%

Responsability for post-employment beneficts

-

-

-

-

Diferred taxes liabilities

-

-

-

-

Other payable accounts

-

-

-

-

Total

1.019.918,65

1.326.275,67

1.132.790,43

(23,10)%

Current liabilities

Suppliers

971.586,37

1.151.170,49

1.281.698,13

(15,60)%

Advances from costumers

-

-

-

-

State and other public entities

25.525,28

34.333,70

37.332,39

(25,66)%

Shareholders/partners

-

-

-

-

Financing obtained

1.591.311,50

891.916,41

691.659,92

78,41%

Other payable accounts

38.037,88

51.840,17

41.812,97

(26,62)%

Deferrals

95.060,19

88.636,09

91.269,36

7,25%

Financial liabilities held for trading

-

-

-

-

Other financial liabilities

-

-

-

-

Non-current liabilities held for sale

-

-

-

-

Other current liabilities

-

-

-

-

Total

2.721.521,22

2.217.896,86

2.143.772,77

22,71%

TOTAL LIABILITIES

3.741.439,87

3.544.172,53

3.276.563,20

5,57%

TOTAL SHAREHOLDERS FUNDS AND LIABILITIES

5.306.473,59

5.149.107,57

4.788.048,14

3,06%

INCOME STATEMENT

INCOME AND EXPENSES

Sales and services

7.023.886,97

6.357.107,32

7.394.307,22

10,49%

Operating government grants

6.083,34

-

671,85

-

Gains/losses allocated subsidiaries, associates and joint ventures

-

-

-

-

Variation in production inventories

-

-

-

-

Work for the entity itself

-

-

-

-

Cost of goods sold and materials consumed

5.928.882,99

5.083.441,44

6.033.973,14

16,63%

Suppliers and external services

423.096,16

513.576,84

549.144,67

(17,62)%

Personnel costs

423.679,32

423.279,59

466.350,38

0,09%

Impairment of inventories (losses/revearsals)

-

-

-

-

Impairment of receivables (losses/revearsals)

(215,02)

2.325,71

-

(109,25)%

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

(889,43)

1.104,34

547,71

(180,54)%

Other income and gains

7.926,88

16.489,53

10.632,86

(51,93)%

Other expenses and losses

26.423,25

49.855,14

52.047,09

(47,00)%

Result before depreciation, financing costs and taxes

235.141,06

302.222,47

304.644,36

(22,20)%

Expenses/reversals of depreciation and amortization

65.693,85

101.220,18

84.886,18

(35,10)%

Impairment of investments depreciable/amortizable (losses/reversals)

-

-

-

-

Operating result (before financing costs and taxes)

169.447,21

201.002,29

219.758,18

(15,70)%

Interest and similar income obtained

4.906,23

9.075,92

6.200,93

(45,94)%

interest and similar expenses incurred

103.512,09

99.834,24

81.237,36

3,68%

Net before taxes

70.841,35

110.243,97

144.721,75

(35,74)%

Income tax of the period

19.048,63

16.793,87

43.273,79

13,43%

Net profit for the period

51.792,72

93.450,10

101.447,96

(44,58)%

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

0,033

0,058

0,067

Assets Profitability

0,032

0,039

0,046

Sales Net Profitability

0,007

0,015

0,014

EFFICIENCY RATIOS

Medium Term Receivable

49,886

52,314

33,668

Asset Rotation

1,324

1,235

1,544

PRODUCTIVITY RATIOS

Productivity

2,585

3,009

2,917

SHORT TERM RATIOS

General Liquidity

0,906

1,409

1,352

Reduced Liquidity

0,425

0,515

0,5

Immediate Liquidity

0,066

0,092

0,111

MEDIUM LONG TERM RATIOS

Financial Autonomy

0,295

0,312

0,316

Solvability

0,418

0,453

0,461

Borrowed Capital Structure

0,727

0,626

0,654

General Debt

1,668

1,382

1,207

Medium Long Term Debt

0,652

0,826

0,749

Debt Structure

0,727

0,626

0,654

Capital Structure

1,534

1,21

1,334

Operational and Financial Risk

Operational Leverage Level

6,462

6,337

6,19

Financial Leverage Level

2,392

1,823

1,518

Combined Leverage Level

15,457

11,552

9,396

 

 

CASH FLOW STATEMENT

 

Rubrics

2014

2013

PERIODS

 

CASH FLOWS FROM OPERATIONAL ACTIVITIES

Customers receipts

6.975.054,39

6.128.027,46

13,82%

Payments to suppliers

5.724.166,41

5.368.278,85

6,63%

Payments to employees

375.489,04

380.042,03

(1,20)%

Cash at bank generated from operations

875.398,94

379.706,58

130,55%

Payment/receipt of income tax

(43.841,11)

(34.626,92)

(26,61)%

Other receipts/payments

(285.875,33)

(473.995,46)

39,69%

Cash Flows from Operational Activities (A)

545.682,50

(128.915,80)

523,29%

CASH FLOWS' INVESTMENT ACTIVITIES

Payments regarding:

Fixed tangible assets

113.618,62

206.043,21

(44,86)%

Intangible assets

-

-

-

Financial investments

-

-

-

Other assets

-

-

-

Receipts from:

Fixed tangible assets

-

-

-

Intangible assets

-

-

-

Financial investments

-

-

-

Other assets

-

-

-

Investment subsidies

-

-

-

Interest and similar income

4.906,23

9.075,92

(45,94)%

Dividends

-

-

-

Cash Flows' Investments Activities (B)

(108.712,39)

(196.967,29)

44,81%

CASH FLOWS' INVESTMENT ACTIVITIES

Receipts from:

Obtained financing

2.576.776,83

2.523.087,81

2,13%

Paying-up of capital and other equity instruments

-

-

-

Coverage of losses

-

-

-

Donations

-

-

-

Other financing operations

-

-

-

Payments regarding:

Obtained financing

2.934.365,77

2.129.346,08

37,81%

Interests and similar expenses

103.512,09

99.834,24

3,68%

Dividends

-

-

-

Capital's redution and other equity instruments

-

-

-

Other financing operations

-

-

-

Cash Flows' Financing Activities ©

(461.101,03)

293.907,49

(256,89)%

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

(24.130,92)

(31.975,60)

24,53%

Effect of exchange differences

-

(1.436,69)

-

Cash at bank and its equivalents at the start of period

204.768,73

238.181,02

(14,03)%

Cash at bank and its equivalents at the end of period

180.637,81

204.768,73

(11,78)%

                  

 

CASH FLOWS

 

Movimentos do Periodo de 2014

Rubrics

Initial balance

Debits

Credits

Final balance

 

PERIOD'S CARRYING AMOUNT AND MOVEMENTS

 

Cash in hand

8.333,35

4.481.925,98

4.482.827,53

7.431,80

Order deposits

16.435,38

8.739.153,17

8.702.382,54

53.206,01

Other bank deposits

180.000,00

420.000,00

480.000,00

120.000,00

Total cash at bank and bank deposits

204.768,73

13.641.079,15

13.665.210,07

180.637,81

Of which: Bank deposits abroad

-

-

-

0,00

 

 

Rubrics

Value

 

OTHER INFORMATION

 

Receipts from:

 

Non-life insurance claims

-

Operating subsidies

-

Cash at bank and its equivalents not available for use

-

 

 

ASSETS IMPAIRMENT

 

Movimentos do Periodo de 2014

Impairment losses

Impairment losses reversals

Rubrics

Recognized in profit and loss

On revalued assets recognized in equity

Total

Recognized in profit and loss

Recognized in Equity

Total

 

Individual assets

 

Fixed tangible assets

0,00

-

-

0,00

-

-

Goodwill

0,00

0,00

-

-

0,00

0,00

Intangible assets

0,00

-

-

0,00

-

-

Investment properties (cost model)

0,00

0,00

-

0,00

0,00

-

Investments in progress

0,00

0,00

-

0,00

0,00

-

Financial investments

0,00

0,00

-

0,00

0,00

-

TOTAL

of which: cash-generating units

0,00

0,00

-

0,00

0,00

-

 

 

GOVERNMENT GRANTS AND GOVERNMENT ASSISTANCE

 

Grants from State and other public bodies

Grants from other entities

Rubrics

Value assigned in the period or in previous periods

Value attributed to the period

Value assigned in the period or in previous periods

Value attributed to the period

 

Grants related to assets/investment:

-

0,00

-

0,00

Fixed tangible assets

-

0,00

-

0,00

Land and Natural Resources

-

-

-

-

Buildings and other structures

-

-

-

-

Basic equipment

-

-

-

-

Transport equipment

-

-

-

-

Office equipment

-

-

-

-

Biological equipment

-

-

-

-

Others

-

-

-

-

Intangible assets

-

0,00

-

0,00

Development projects

-

-

-

-

Computer programmes

-

-

-

-

Industrial property

-

-

-

-

Others

-

-

-

-

Other assets

-

-

-

-

Grants related to income / operating

-

-

-

-

Value of repayments in the period:

-

0,00

-

0,00

Grants related to assets/investment

-

-

-

-

Grants related to income / operating

-

-

-

-

TOTAL

-

0,00

-

0,00

 

 

 

 

IMPAIRMENT LOSSES IN FINANCIAL ASSETS AT COST OR AT AMORTIZED COST

 

Movimentos do Periodo de 2014

Rubrics

Impairment losses

Impairment losses reversals

Total

 

Receivable debts from customers

-

215,02

(215,02)

Other receivables

-

-

0,00

Equity instruments and other securities

-

-

0,00

Others

-

-

0,00

TOTAL

0,00

215,02

(215,02)

 

 

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

32

51.528

Paid company employees

32

51.528

Company UNPAID employees

0

0

Company employees, by type of working hours

Full time company employees

32

51.528

Of which: Full time company employees

32

51.528

Part time company employees

-

-

Of which: Part time company employees

-

-

Company employees, by gender:

Men

25

42.700

Women

7

8.828

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

423.679,32

Governance Bodies Remuneration

28.000,00

Of which: Profit-sharing

-

Employees remuneration

316.186,15

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

74.042,53

Insurance for accidents at work and professional diseases

5.147,64

Social security expenses

-

Other staff costs

303,00

Of which:

Expenditure on education

-

Expenditure on uniforms

-

 

 

INFORMATION BY GEOGRAPHIC MARKETS

 

Geographic markets

Rubrics

Internal

EU

Extra-EU

Total

 

Sales

6.987.447,35

2.523,62

-

6.989.970,97

Services provided

33.916,00

-

-

33.916,00

Purchases

4.043.633,09

1.103.181,16

697.768,04

5.844.582,29

Supplies and external services

423.096,16

-

-

423.096,16

Acquisition of fixed tangible assets

179.354,66

-

-

179.354,66

Acquisition of investment properties

-

-

-

0,00

Acquisition of intangible assets

-

-

-

0,00

Supplementary income:

0,00

0,00

0,00

0,00

Social services

-

-

-

0,00

Equipment rental

-

-

-

0,00

Studies, projects and technological assistance

-

-

-

0,00

Royalities

-

-

-

0,00

Others

-

-

-

0,00

Memorandum: Sales and services provided (undiscounted values)

-

-

-

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

959.980,01

980.940,70

(2,14)%

Trade notes receivable

-

-

-

Advances received from customers

-

-

-

Suppliers

Trade accounts payable

969.049,14

1.147.148,40

(15,53)%

Trade notes payable

2.537,23

4.022,09

(36,92)%

Trade accounts payable - unchecked invoices

-

-

-

Advances to suppliers

-

-

-

Staff

Payable remunerations

752,46

-

-

Advanced payments

-

-

-

Bonds

-

-

-

Other operations

-

3.601,48

-

State and other public sector institutions

Income Tax

4.175,35

-

-

Deductible IVA (debt cumulative amounts)

541.803,00

505.789,86

7,12%

Paid IVA (credit cumulative amounts)

618.108,87

579.657,71

6,63%

Shareholders / partners

Shareholders with subscription

-

-

-

Unreleased quotas

-

-

-

Advances for profits

-

-

-

Allocated results

From the perspective of the entity distributing profits

-

-

-

From the perspective of the entity with allocated profits

-

-

-

Available profits

From the perspective of the entity distributing profits

-

-

-

From the perspective of the entity with allocated profits

-

-

-

Granted loans - parent company

-

-

-

Granted loans - subsidiary companies, associated companies and joint ventures

-

-

-

Granted loans - other shareholders/partners

-

-

-

Of which: Participating companies

-

-

-

Other operations

Debit status

-

-

-

Credit status

-

-

-

Other receivable and payable accounts

Investment providers - general accounts

-

-

-

Trade accounts payable - unchecked invoices

-

-

-

Advanced payments to investment providers

-

-

-

additional income - Debtors

-

-

-

additional expenses - Creditors

-

-

-

Deferred tax assets

-

-

-

Deferred tax liabilities

-

-

-

Unreleased subscriptions - Creditors

-

-

-

Advances received on account of sales

-

-

-

Other debtors and creditors

Other debtors

1.234,20

6.331,64

(80,51)%

Other creditors

34.863,64

48.238,69

(27,73)%

 

 

EXPENSE ACCOUNTS

 

Rubrics

2014

2013

PERIODS

 

Supplies and external services

423.096,16

513.576,84

(17,62)%

Subcontracts

7.980,80

11.971,20

(33,33)%

Specialized services

111.686,02

143.309,58

(22,07)%

Specialized works

15.141,96

41.541,20

(63,55)%

Of which: Payments to workers placed through agencies

-

-

-

Advertising and promotion

509,18

2.926,92

(82,60)%

Surveillance and security

114,79

376,08

(69,48)%

Fees

420,00

2.314,79

(81,86)%

Comissions

-

-

-

Maintenance and repairs

49.076,59

59.740,25

(17,85)%

Others

46.423,50

36.410,34

27,50%

Materials

2.848,04

3.466,12

(17,83)%

Fast wear tools and utensils

-

-

-

Books and technical documentation

-

-

-

Office material

2.848,04

3.466,12

(17,83)%

Gift items

-

-

-

Others

-

-

-

Energy and fluids

194.896,89

218.332,26

(10,73)%

Electricity

16.895,15

34.490,99

(51,02)%

Fuels

177.777,89

183.560,75

(3,15)%

Water

223,85

280,52

(20,20)%

Others

-

-

-

Travel, lodging and transportation

46.534,52

47.581,98

(2,20)%

Travel and lodging

32.278,91

35.207,68

(8,32)%

Transport of personnel

-

-

-

Transport of goods

14.255,61

12.374,30

15,20%

Others

-

-

-

Different services

59.149,89

88.915,70

(33,48)%

Rents and leases

32.654,66

52.113,82

(37,34)%

Of which: Rents from land

-

-

-

Communication

6.606,38

9.983,40

(33,83)%

Insurance

15.870,52

17.868,19

(11,18)%

Royalties

-

-

-

Litigation and Notaries

1.844,62

6.283,36

(70,64)%

Representation expenses

-

-

-

Cleaning, hygiene and comfort

2.173,71

2.666,93

(18,49)%

Other services

-

-

-

 

 

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 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

178.455,90

979.923,37

Allocated results / Available profits

0,00

-

Percentages or bonuses to managing bodies

-

-

Ditto to staff

-

-

Reserves

-

-

Coverage of losses

-

-

7. Others

-

-

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

178.455,90

979.923,37

 

 

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: 505261898

Was the Legal certification of accounts issued?

YES

With emphasis

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.44

UK Pound

1

Rs.102.41

Euro

1

Rs.75.05

 

INFORMATION DETAILS

 

Analysis Done by :

TRI

 

 

Report Prepared by :

TRU

 

               

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.