MIRA INFORM REPORT
|
Report No. : |
342296 |
|
Report Date : |
25.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
SUMOL+COMPAL MARCAS SA |
|
|
|
|
Registered Office : |
Estrada Da Portela Nr. 9 2790-124-Carnaxide Oeiras Lisboa |
|
|
|
|
Country : |
Portugal |
|
|
|
|
Financials (as on) : |
2014 |
|
|
|
|
Date of Incorporation : |
30.08.2000 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employee : |
1074 |
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 |
SUMOL+COMPAL MARCAS SA |
|
V.A.T. Number / NIF |
505042037 |
|
Address |
Estrada Da Portela Nr. 9 |
|
Postal Code |
2790-124-CARNAXIDE |
|
Municipality |
OEIRAS |
|
District |
LISBOA |
|
Country |
Portugal |
|
Telephone |
214243500 |
|
Fax |
214243466 |
|
E-Mail |
|
|
Web Site |
|
|
CAE Main |
11072- Manufacture of soft drinks and other
soft drinks, ne |
|
CAE Secondary |
10320- Manufacture of fruit juices and
vegetables |
|
CAE Secondary |
11071- Bottling of natural mineral waters
and spring |
Financial Highlights
|
2012 |
2013 |
2014 |
|
|
Net Sales |
294.952.230,70 |
297.619.218,69 |
299.473.474,08 |
|
Net Income For the Year |
2.516.237,15 |
6.256.060,13 |
14.816.545,57 |
|
Shareholders Funds |
114.144.836,42 |
124.093.979,51 |
123.370.285,71 |
|
Stocks |
29.868.572,87 |
24.698.046,70 |
27.686.954,41 |
|
LIABILITY |
352.135.469,10 |
364.258.258,19 |
373.120.369,82 |
|
ASSETS |
466.280.305,52 |
488.352.237,70 |
496.490.655,53 |
Summary
|
Legal Form |
Joint Stock Company |
|
Constitution |
30-08-2000 |
|
V.A.T. Number / NIF |
505042037 |
|
Employees |
1074 |
|
Capital |
40.000.000,00 |
|
Sales in : 31-12-2014 |
299.473.474,08 |
|
Shareholders Funds in: 31-12-2014 |
123.370.285,71 |
|
Credit Risk Level |
Moderate Credit Risk |
|
Credit Limit |
6.234.973,70 |
|
Payments |
Good |
|
Actual Condition |
In activity |
|
Incidents |
|
Summary of Claims (Last 5 Years) |
|
Year |
Quantity |
Total |
|
€ |
||
|
2015 |
3 |
193.246,83 |
|
2014 |
2 |
275.000,00 |
|
2013 |
2 |
17.491,59 |
|
2012 |
5 |
34.124.099,41 |
|
2011 |
4 |
2.154.896,27 |
|
Total |
16 |
36.764.734,10 |
|
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 |
|
|
AMELIA MARIA DE BRITO PIRES EUSEBIO |
Administrator |
|
JESUS SEBASTIEN DIT PIERRE CASTEL |
Administrator |
|
MICHEL RAYMOND PALU |
Administrator |
|
GUY RENE ANDRE DE CLERCQ |
Administrator |
|
FILIPA MONTES PALMA SALAZAR LEITE |
General Secretary |
|
ANTONIO SERGIO BRITO PIRES EUSEBIO |
Board of Director's President |
|
JOAO ANTONIO BRITO PIRES EUSEBIO |
Administrator |
|
JOSE PAULO DE MARTINHO SIMOES MACHADO |
Substitute |
|
JEAN CLAUDE PALU |
Administrator |
|
LAURENCE DANIELLE MICHELLE MARIE KERROUAULT
DEQUATRE |
Administrator |
|
GILLES HENRY CRISTIEN MARTIGNAC |
Administrator |
|
Fiscal Board |
|
|
PRICEWATERHOUSECOOPERS &
ASSOCIADOS-SOCIEDADE DE REVISORES OFICIAIS DE CONTAS LDA |
Unique Fiscal |
|
JOSE MANUEL HENRIQUES BERNARDO |
Fiscal Board Substitute |
|
Legal Structure |
|
Registed on the Register Record Office of Oeiras
in Secção-Oeiras with the Register Number 505042037 in 28-12-2006 |
|
Constitution celebrated in 30-08-2000
published on Diário da República number 235 of 11-10-2000 |
|
To oblige the company it is necessary 2
signature |
|
Changes to Society |
|
In 30-03-2015 on Portal MJ of 25-05-2015
appointment of board of directors |
|
In 21-01-2015 on Portal MJ of 21-01-2015
social change |
|
In 30-05-2014 on Portal MJ of 04-07-2014
appointment of board of directors |
|
In 29-05-2014 on Portal MJ of 04-07-2014
resignation of board of directors |
|
In 31-01-2014 on Portal MJ of 31-01-2014
update of the Head Office Village |
|
Capital |
|
The Capital is 40.000.000,00 , divided in
40000000 shares , with a nominal value of 1,00 |
|
with the following shareholders |
|
SUMOL+COMPAL SA |
40.000.000,00 |
100% |
Shareholders / Partners Companies
|
|
IIC Number |
31410 |
|
NAME |
SUMOL+COMPAL SA |
|
Funtion |
Shareholder |
|
Address |
ESTRADA DA PORTELA, 9, PORTELA |
|
Locality |
2790-124 CARNAXIDE |
|
Telephone |
214243500 |
|
Fax |
214243570 |
|
E-Mail |
sumolis@gruposumol.pt |
|
C.A.E. |
11072- Manufacture of soft drinks and other
soft drinks, ne |
Activities
|
|
Main CAE |
11072- Manufacture of soft drinks and other
soft drinks, ne |
|
10320- Manufacture of fruit juices and
vegetables |
|
|
11071- Bottling of natural mineral waters
and spring |
|
Business Description |
|
Indústria de bebidas, incluíndo a dos refrigerantes,
bebidas de sumo e águas, cerveja e do malte, indústria dos derivados e das
conservas de frutos e vegetais e outros produtos alimentares, bem como a dos
concentrados, gestão de marcas e actividades daquelas conexas |
|
Type of Clients |
Retailers/Wholesalers |
||
|
Sales Conditions |
Credit 30/60/90/120 days |
|
Geographic Distribution of Sales |
|
Internal Market |
International Market |
|
Year |
EU |
Extra-EU |
Total |
|
2014 |
220.497.780,80 |
73,63% |
12.736.989,32 |
4,25% |
66.238.703,96 |
22,12% |
299.473.474,08 |
|
|
2013 |
233.992.287,16 |
78,62% |
10.920.449,39 |
3,67% |
52.706.482,14 |
17,71% |
297.619.218,69 |
|
|
2012 |
215.003.022,99 |
72,89% |
9.032.741,53 |
3,06% |
70.916.466,18 |
24,04% |
294.952.230,70 |
|
Geographic Distribution of Purchases |
|
Internal Market |
International Market |
|
Year |
EU |
Extra-EU |
Total |
|
2014 |
85.250.000,96 |
58,24% |
54.449.581,12 |
37,20% |
6.670.995,04 |
4,56% |
146.370.577,12 |
|
|
2013 |
84.541.534,51 |
59,22% |
54.772.397,86 |
38,37% |
3.447.395,74 |
2,41% |
142.761.328,11 |
|
|
2012 |
86.700.589,54 |
57,91% |
60.501.049,22 |
40,41% |
2.515.204,30 |
1,68% |
149.716.843,06 |
Trade Marks
|
|
Tagus |
|
Sumol |
|
Compal |
|
B! |
|
Pepsi |
|
7Up |
|
Um Bongo |
|
Água Serra da Estrela |
|
Frizz |
|
Gatorade |
Banks and Financial Institutions
|
|
CAIXA GERAL DE DEPOSITOS, SA |
Algés |
|
BANCO BPI, SA |
Praça do Municipio - Lisboa |
|
Incidents |
|
Insolvencies / Revitalization Processes |
|
NO |
|
Tax Situation |
|
On this date the subject is Not registered
in the debtors list of the tax authorities |
|
Contributive Situation (Social Security) |
|
Information currently unavailable at the
source. |
|
Summary of Claims (Last 5 Years) |
|
Year |
Quantity |
Total |
|
€ |
||
|
2015 |
3 |
193.246,83 |
|
2014 |
2 |
275.000,00 |
|
2013 |
2 |
17.491,59 |
|
2012 |
5 |
34.124.099,41 |
|
2011 |
4 |
2.154.896,27 |
|
Total |
16 |
36.764.734,10 |
Legal Actions
|
|
Date |
Process |
Author |
Type |
Amount |
Judicial District |
Court |
Situation |
|
|
21467/15.7T8LSB |
|
N-Executiva Sumária |
54.121,36 |
Comarca de Lisboa-Lisboa-UC |
||
|
|
1732/15.4T8VCT |
|
T-Acção de Processo Comum |
60.000,00 |
Comarca de Viana do Castelo-Viana do
Castelo-UC |
||
|
|
1732/15.4T8VCT |
|
T-Acção de Processo Comum |
60.000,00 |
Comarca de Viana do Castelo-Viana do
Castelo-UC |
||
|
|
1175/15.0T8CSC |
|
T-Acção de Processo Comum |
79.125,47 |
Comarca de Lisboa Oeste-Cascais-UC |
||
|
|
1175/15.0T8CSC |
|
T-Acção de Processo Comum |
79.125,47 |
Comarca de Lisboa Oeste-Cascais-UC |
||
|
|
1242/12.1TVLSB |
|
O-Ordinária |
150.000,00 |
Oeiras - Tribunal Judicial |
||
|
|
40/14.2TBPNF |
|
T-Acção de Processo Comum |
125.000,00 |
Penafiel - Tribunal Judicial |
||
|
|
40/14.2TBPNF |
|
T-Acção de Processo Comum |
125.000,00 |
Penafiel - Tribunal Judicial |
||
|
|
1186/13.0TTBRG |
|
T-Acção de Processo Comum |
14.676,00 |
Braga - Tribunal do Trabalho |
||
|
|
659/13.9TTCBR |
|
T-Acção de Processo Comum |
2.815,59 |
Coimbra - Tribunal do Trabalho |
02-08-2015
Meo – Serviços de Comunicações Multimédia,
Sa
|
The subject regists more 10 incidents
between the dates 03-11-2010and 25-10-2012 |
Employees
|
|
Year |
Total |
Men |
Women |
|
2014 |
1.074 |
670 |
62% |
404 |
38% |
|
|
2013 |
1.073 |
669 |
62% |
404 |
38% |
|
|
2012 |
1.189 |
760 |
64% |
429 |
36% |
|
Companhia de Seguros Fidelidade Mundial |
|
Head Office and Installations |
|
Has head office ESTRADA DA PORTELA, Nº 9,
2790-124, CARNAXIDE |
|
Had head office Rua Pedro Álvares Cabral,
110 - Santa Maria, 3500-169, VISEU |
|
Participations |
|
The subject participates on the following
company(ies) |
|
|
IIC Number |
351175 |
|
NAME |
D2C UNIPESSOAL LDA |
|
Address |
EST DA PORTELA 9 - PORTELA DE CARNAXIDE |
|
Locality |
2790-123 CARNAXIDE |
|
Telephone |
214243425 |
|
C.A.E. |
47910- Retail trade by mail or via the
Internet |
|
Capital |
5.000,00 |
|
Participation |
100% |
|
IIC Number |
409794 |
|
NAME |
COMPANHIA TERMICA COMPAL ACE |
|
Address |
Estrada Nacional 118 |
|
Locality |
2080-123 ALMEIRIM |
|
Telephone |
243579938 |
|
Fax |
243579938 |
|
C.A.E. |
35112- Production of electricity from
thermal |
|
Capital |
20.950,00 |
|
Participation |
10% |
|
Special Information |
|
Event |
General Description |
|
Merge |
A 23 de Dezembro de 2008, fusão por incorporação,
mediante transferência global do património da firma Compal-Companhia
Produtora de Conservas Alimentares SA para a titular, e consequente alteração
de denominação social de Sumolis-Gestão de Marcas SA para Sumol+Compal Marcas
SA. |
|
Merge |
Em 16 de Dezembro de 2010, fusão por
incorporação mediante a transferência global do património das firmas
Sumol+Compal Distribuição SA e da Sasel-Sociedade de Águas da Serra da Esrela
SA, na titular. |
Financial Demonstration SNC
|
||
|
Balance Sheet SNC |
||
|
CoinEUROS |
Year:2014 |
|
|
2014 |
2013 |
2012 |
% Var.2014/13 |
|
ASSET |
||||
|
Non-current assets |
||||
|
Tangible fixed assets |
38.490.335,41 |
41.665.140,60 |
46.502.539,35 |
(7,62)% |
|
Investment properties |
- |
- |
- |
- |
|
Goodwill |
70.764.337,24 |
70.764.337,24 |
70.764.337,24 |
- |
|
Intangible assets |
286.437.526,93 |
288.637.737,86 |
290.441.498,35 |
(0,76)% |
|
Biological assets |
- |
- |
- |
- |
|
Financial participations - patrimonial
equity method |
10.338.837,76 |
2.852.351,12 |
2.816.775,83 |
262,47% |
|
Financial participations - other methods |
- |
- |
35.575,29 |
- |
|
Shareholders/partners |
- |
- |
- |
- |
|
Other financial assets |
- |
- |
1.780.229,61 |
- |
|
Deferred tax assets |
1.412.131,68 |
3.173.670,07 |
1.780.192,96 |
(55,50)% |
|
Financial investments(exclusive use by
small entities and micro entities) |
- |
- |
- |
- |
|
Total |
407.443.169,02 |
407.093.236,89 |
414.121.148,63 |
0,09% |
|
Current assets |
||||
|
Inventories |
27.686.954,41 |
24.698.046,70 |
29.868.572,87 |
12,10% |
|
Biological assets |
- |
- |
- |
- |
|
Costumers |
52.484.831,64 |
48.003.776,64 |
46.020.562,21 |
9,33% |
|
Advances to suppliers |
1.360.275,42 |
14.350.181,84 |
- |
(90,52)% |
|
State and other public entities |
2.490.744,21 |
1.991.973,90 |
- |
25,04% |
|
Shareholders/partners |
1.365.897,21 |
1.432.073,75 |
1.506.814,83 |
(4,62)% |
|
Other accounts receivable |
5.577.072,20 |
5.986.859,46 |
34.502.573,76 |
(6,84)% |
|
Deferrals |
5.970.380,87 |
4.498.840,50 |
- |
32,71% |
|
Financial assets held for trading |
- |
- |
- |
- |
|
Other financial assets |
- |
- |
- |
- |
|
Non-current assets held for sale |
- |
- |
- |
- |
|
Other current assets |
- |
- |
- |
- |
|
Cashier and bank deposits |
(7.888.669,45) |
(19.702.751,98) |
(59.739.366,78) |
(59,96)% |
|
Total |
89.047.486,51 |
81.259.000,81 |
52.159.156,89 |
9,58% |
|
TOTAL ASSET |
496.490.655,53 |
488.352.237,70 |
466.280.305,52 |
1,67% |
|
SHAREHOLDERS FUNDS AND LIABILITIES |
||||
|
SHAREHOLDERS FUNDS |
||||
|
Capital |
40.000.000,00 |
40.000.000,00 |
40.000.000,00 |
- |
|
Own shares |
- |
- |
- |
- |
|
Other shareholders funds instruments |
88.026.838,00 |
104.000.000,00 |
104.000.000,00 |
(15,36)% |
|
Emission premiuns |
- |
- |
- |
- |
|
Legal reserves |
1.995.000,00 |
1.682.000,00 |
1.556.000,00 |
18,61% |
|
Other reserves |
(478.436,06) |
(497.215,80) |
(422.016,35) |
(3,78)% |
|
Net retained |
(22.812.058,93) |
(29.165.719,98) |
(35.321.571,90) |
(21,78)% |
|
Adjustments on financial assets |
- |
- |
- |
- |
|
Revaluation surplus |
1.822.397,13 |
1.818.855,16 |
1.816.187,52 |
0,19% |
|
Other shareholders funds changes |
- |
- |
- |
- |
|
Total |
108.553.740,14 |
117.837.919,38 |
111.628.599,27 |
(7,88)% |
|
Net income for the period |
14.816.545,57 |
6.256.060,13 |
2.516.237,15 |
136,84% |
|
Antecipated dividends |
- |
- |
- |
- |
|
TOTAL OF SHAREHOLDERS FUNDS |
123.370.285,71 |
124.093.979,51 |
114.144.836,42 |
(0,58)% |
|
LIABILITY |
||||
|
Non-current liiabilities |
||||
|
Provisions |
1.425.116,81 |
1.125.116,81 |
1.300.995,30 |
26,66% |
|
Financing obtained |
182.797.601,14 |
181.109.720,53 |
166.753.423,16 |
0,93% |
|
Responsability for post-employment
beneficts |
- |
- |
- |
- |
|
Diferred taxes liabilities |
63.904.656,99 |
71.053.719,25 |
71.084.566,74 |
(10,06)% |
|
Other payable accounts |
8.475.678,22 |
9.078.363,57 |
13.125.749,42 |
(6,64)% |
|
Total |
256.603.053,16 |
262.366.920,16 |
252.264.734,62 |
(2,20)% |
|
Current liabilities |
||||
|
Suppliers |
45.377.338,91 |
40.673.956,28 |
37.764.743,11 |
11,56% |
|
Advances from costumers |
220.891,08 |
- |
- |
- |
|
State and other public entities |
4.225.261,50 |
2.139.701,99 |
- |
97,47% |
|
Shareholders/partners |
1.363.035,10 |
128.129,73 |
- |
963,79% |
|
Financing obtained |
29.831.019,39 |
25.114.540,40 |
29.494.999,84 |
18,78% |
|
Other payable accounts |
3.509.126,10 |
4.306.260,86 |
16.282.599,24 |
(18,51)% |
|
Deferrals |
12.453.414,78 |
11.262.049,70 |
- |
10,58% |
|
Financial liabilities held for trading |
- |
- |
- |
- |
|
Other financial liabilities |
19.537.229,80 |
18.266.699,07 |
16.328.392,29 |
6,96% |
|
Non-current liabilities held for sale |
- |
- |
- |
- |
|
Other current liabilities |
- |
- |
- |
- |
|
Total |
116.517.316,66 |
101.891.338,03 |
99.870.734,48 |
14,35% |
|
TOTAL LIABILITIES |
373.120.369,82 |
364.258.258,19 |
352.135.469,10 |
2,43% |
|
TOTAL SHAREHOLDERS FUNDS AND LIABILITIES |
496.490.655,53 |
488.352.237,70 |
466.280.305,52 |
1,67% |
|
INCOME STATEMENT |
||||
|
INCOME AND EXPENSES |
||||
|
Sales and services |
299.473.474,08 |
297.619.218,69 |
294.952.230,70 |
0,62% |
|
Operating government grants |
- |
- |
- |
- |
|
Gains/losses allocated subsidiaries,
associates and joint ventures |
1.220.981,22 |
- |
- |
- |
|
Variation in production inventories |
2.030.990,70 |
(833.510,21) |
2.259.691,70 |
(343,67)% |
|
Work for the entity itself |
- |
- |
- |
- |
|
Cost of goods sold and materials consumed |
143.616.529,46 |
146.111.793,94 |
149.458.997,33 |
(1,71)% |
|
Suppliers and external services |
98.315.299,38 |
92.963.965,00 |
94.187.728,95 |
5,76% |
|
Personnel costs |
27.015.305,44 |
28.194.629,43 |
28.737.405,16 |
(4,18)% |
|
Impairment of inventories
(losses/revearsals) |
- |
838.281,18 |
- |
- |
|
Impairment of receivables
(losses/revearsals) |
1.022.552,10 |
681.391,57 |
- |
50,07% |
|
Provisions (increases/reductions) |
300.000,00 |
- |
2.035.876,64 |
- |
|
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 |
12.550.163,06 |
11.295.707,80 |
14.632.220,23 |
11,11% |
|
Other expenses and losses |
3.352.813,29 |
5.046.057,34 |
5.213.318,63 |
(33,56)% |
|
Result before depreciation, financing costs
and taxes |
41.653.109,39 |
34.245.297,82 |
32.210.815,92 |
21,63% |
|
Expenses/reversals of depreciation and amortization
|
12.950.335,17 |
12.979.542,32 |
12.846.689,57 |
(0,23)% |
|
Impairment of investments
depreciable/amortizable (losses/reversals) |
- |
- |
- |
- |
|
Operating result (before financing costs
and taxes) |
28.702.774,22 |
21.265.755,50 |
19.364.126,35 |
34,97% |
|
Interest and similar income obtained |
561.175,02 |
134.161,60 |
1.140.901,46 |
318,28% |
|
interest and similar expenses incurred |
17.210.100,78 |
14.046.952,58 |
17.395.027,45 |
22,52% |
|
Net before taxes |
12.053.848,46 |
7.352.964,52 |
3.110.000,36 |
63,93% |
|
Income tax of the period |
(2.762.697,11) |
1.096.904,39 |
593.763,21 |
(351,86)% |
|
Net profit for the period |
14.816.545,57 |
6.256.060,13 |
2.516.237,15 |
136,84% |
|
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 |
0,12 |
0,05 |
0,022 |
|||
|
Assets Profitability |
0,058 |
0,044 |
0,042 |
|||
|
Sales Net Profitability |
0,049 |
0,021 |
0,009 |
|||
|
EFFICIENCY RATIOS |
||||||
|
Medium Term Receivable |
63,969 |
58,872 |
56,95 |
|||
|
Asset Rotation |
0,603 |
0,609 |
0,633 |
|||
|
PRODUCTIVITY RATIOS |
||||||
|
Productivity |
5,769 |
5,374 |
5,063 |
|||
|
SHORT TERM RATIOS |
||||||
|
General Liquidity |
0,764 |
0,798 |
0,522 |
|||
|
Reduced Liquidity |
0,527 |
0,555 |
0,223 |
|||
|
Immediate Liquidity |
(0,068) |
(0,193) |
(0,598) |
|||
|
MEDIUM LONG TERM RATIOS |
||||||
|
Financial Autonomy |
0,248 |
0,254 |
0,245 |
|||
|
Solvability |
0,331 |
0,341 |
0,324 |
|||
|
Borrowed Capital Structure |
0,312 |
0,28 |
0,284 |
|||
|
General Debt |
1,723 |
1,662 |
1,719 |
|||
|
Medium Long Term Debt |
1,482 |
1,459 |
1,461 |
|||
|
Debt Structure |
0,312 |
0,28 |
0,284 |
|||
|
Capital Structure |
0,481 |
0,473 |
0,452 |
|||
|
Operational and Financial Risk |
||||||
|
Operational Leverage Level |
5,43 |
7,124 |
7,514 |
|||
|
Financial Leverage Level |
2,381 |
2,892 |
6,226 |
|||
|
Combined Leverage Level |
12,929 |
20,603 |
46,782 |
|||
|
CASH FLOW STATEMENT |
|
Rubrics |
2014 |
2013 |
PERIODS |
|
CASH FLOWS FROM OPERATIONAL ACTIVITIES |
|||
|
Customers receipts |
335.028.089,81 |
320.537.521,17 |
4,52% |
|
Payments to suppliers |
258.853.290,95 |
239.350.501,64 |
8,15% |
|
Payments to employees |
26.544.914,79 |
27.046.573,40 |
(1,85)% |
|
Cash at bank generated from operations |
49.629.884,07 |
54.140.446,13 |
(8,33)% |
|
Payment/receipt of income tax |
(850.827,56) |
(63.155,90) |
(1.247,19)% |
|
Other receipts/payments |
(261.168,59) |
(3.477.045,44) |
92,49% |
|
Cash Flows from Operational Activities (A) |
48.517.887,92 |
50.600.244,79 |
(4,12)% |
|
CASH FLOWS' INVESTMENT ACTIVITIES |
|||
|
Payments regarding: |
|||
|
Fixed tangible assets |
5.194.900,57 |
3.543.397,43 |
46,61% |
|
Intangible assets |
1.044.917,94 |
1.034.058,66 |
1,05% |
|
Financial investments |
43.500,00 |
225.000,00 |
(80,67)% |
|
Other assets |
- |
- |
- |
|
Receipts from: |
|||
|
Fixed tangible assets |
340.418,48 |
1.077.405,83 |
(68,40)% |
|
Intangible assets |
- |
- |
- |
|
Financial investments |
1.880.626,20 |
- |
- |
|
Other assets |
- |
- |
- |
|
Investment subsidies |
- |
- |
- |
|
Interest and similar income |
290.836,77 |
221.916,10 |
31,06% |
|
Dividends |
- |
- |
- |
|
Cash Flows' Investments Activities (B) |
(3.600.991,65) |
(3.460.451,99) |
(4,06)% |
|
CASH FLOWS' INVESTMENT ACTIVITIES |
|||
|
Receipts from: |
|||
|
Obtained financing |
85.460.000,00 |
59.600.000,00 |
43,39% |
|
Paying-up of capital and other equity
instruments |
- |
- |
- |
|
Coverage of losses |
- |
- |
- |
|
Donations |
- |
- |
- |
|
Other financing operations |
- |
- |
- |
|
Payments regarding: |
|||
|
Obtained financing |
79.450.000,00 |
50.025.000,00 |
58,82% |
|
Interests and similar expenses |
14.342.870,74 |
16.322.695,98 |
(12,13)% |
|
Dividends |
- |
- |
- |
|
Capital's redution and other equity
instruments |
23.974.162,00 |
299.745,47 |
7.898,17% |
|
Other financing operations |
795.781,00 |
55.736,55 |
1.327,75% |
|
Cash Flows' Financing Activities © |
(33.102.813,74) |
(7.103.178,00) |
(366,03)% |
|
Variation in cash at bank and its
equivalents (A+B+C) |
11.814.082,53 |
40.036.614,80 |
(70,49)% |
|
Effect of exchange differences |
- |
- |
- |
|
Cash at bank and its equivalents at the
start of period |
(19.702.751,98) |
(59.739.366,78) |
67,02% |
|
Cash at bank and its equivalents at the end
of period |
(7.888.669,45) |
(19.702.751,98) |
59,96% |
|
CASH FLOWS |
|
Movimentos do Periodo de 2014 |
||||
|
Rubrics |
Initial balance |
Debits |
Credits |
Final balance |
|
PERIOD'S CARRYING AMOUNT AND MOVEMENTS |
|
|||
|
Cash in hand |
5.650,43 |
- |
549,36 |
5.101,07 |
|
Order deposits |
- |
- |
- |
0,00 |
|
Other bank deposits |
(19.708.402,41) |
11.814.631,89 |
- |
(7.893.770,52) |
|
Total cash at bank and bank deposits |
(19.702.751,98) |
11.814.631,89 |
549,36 |
(7.888.669,45) |
|
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 |
- |
- |
0,00 |
|
Other receivables |
1.022.552,10 |
- |
1.022.552,10 |
|
Equity instruments and other securities |
- |
- |
0,00 |
|
Others |
- |
- |
0,00 |
|
TOTAL |
1.022.552,10 |
0,00 |
1.022.552,10 |
|
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 |
1.074 |
1.989.318 |
|
Paid company employees |
1.074 |
1.989.318 |
|
Company UNPAID employees |
0 |
0 |
|
Company employees, by type of working hours |
||
|
Full time company employees |
1.074 |
1.989.318 |
|
Of which: Full time company employees |
1.074 |
1.989.318 |
|
Part time company employees |
0 |
0 |
|
Of which: Part time company employees |
0 |
0 |
|
Company employees, by gender: |
||
|
Men |
670 |
1.265.734 |
|
Women |
404 |
723.584 |
|
Company employees, of which: |
||
|
Company employees assigned to Research and
Development |
9 |
- |
|
Service providers |
105 |
840 |
|
People placed through temporary employment
agencies |
65 |
- |
|
Staff costs |
|
Rubrics |
Value |
|
Staff costs |
27.015.305,44 |
|
Governance Bodies Remuneration |
- |
|
Of which: Profit-sharing |
- |
|
Employees remuneration |
20.019.831,74 |
|
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 |
110.085,72 |
|
Charges on remunerations |
4.537.114,56 |
|
Insurance for accidents at work and
professional diseases |
117.486,44 |
|
Social security expenses |
1.534.911,43 |
|
Other staff costs |
695.875,55 |
|
Of which: |
|
|
Expenditure on education |
98.207,88 |
|
Expenditure on uniforms |
- |
|
INFORMATION BY GEOGRAPHIC MARKETS |
|
Geographic markets |
||||
|
Rubrics |
Internal |
EU |
Extra-EU |
Total |
|
Sales |
210.936.648,14 |
12.736.989,32 |
66.238.703,96 |
289.912.341,42 |
|
Services provided |
9.561.132,66 |
- |
- |
9.561.132,66 |
|
Purchases |
85.250.000,96 |
54.449.581,12 |
6.670.995,04 |
146.370.577,12 |
|
Supplies and external services |
92.060.654,68 |
3.675.300,48 |
2.579.344,22 |
98.315.299,38 |
|
Acquisition of fixed tangible assets |
4.649.590,89 |
643.579,17 |
- |
5.293.170,06 |
|
Acquisition of investment properties |
- |
- |
- |
0,00 |
|
Acquisition of intangible assets |
- |
- |
- |
0,00 |
|
Supplementary income: |
10.561.130,59 |
0,00 |
0,00 |
10.561.130,59 |
|
Social services |
- |
- |
- |
0,00 |
|
Equipment rental |
- |
- |
- |
0,00 |
|
Studies, projects and technological
assistance |
- |
- |
- |
0,00 |
|
Royalities |
- |
- |
- |
0,00 |
|
Others |
10.561.130,59 |
- |
- |
10.561.130,59 |
|
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 |
- |
60.582.667,49 |
- |
|
Trade notes receivable |
- |
- |
- |
|
Advances received from customers |
- |
- |
- |
|
Suppliers |
|||
|
Trade accounts payable |
- |
35.492.050,96 |
- |
|
Trade notes payable |
- |
- |
- |
|
Trade accounts payable - unchecked invoices
|
- |
5.181.905,32 |
- |
|
Advances to suppliers |
- |
14.350.181,84 |
- |
|
Staff |
|||
|
Payable remunerations |
- |
- |
- |
|
Advanced payments |
- |
32.924,52 |
- |
|
Bonds |
- |
- |
- |
|
Other operations |
- |
87.716,23 |
- |
|
State and other public sector institutions |
|||
|
Income Tax |
- |
847.447,59 |
- |
|
Deductible IVA (debt cumulative amounts) |
- |
51.195.729,58 |
- |
|
Paid IVA (credit cumulative amounts) |
- |
40.701.603,69 |
- |
|
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 |
- |
1.090.258,56 |
- |
|
Granted loans - subsidiary companies, associated
companies and joint ventures |
- |
- |
- |
|
Granted loans - other shareholders/partners |
- |
- |
- |
|
Of which: Participating companies |
- |
- |
- |
|
Other operations |
|||
|
Debit status |
- |
341.815,19 |
- |
|
Credit status |
- |
128.129,73 |
- |
|
Other receivable and payable accounts |
|||
|
Investment providers - general accounts |
- |
1.395.134,27 |
- |
|
Trade accounts payable - unchecked invoices |
- |
- |
- |
|
Advanced payments to investment providers |
- |
- |
- |
|
additional income - Debtors |
- |
3.397.220,31 |
- |
|
additional expenses - Creditors |
- |
9.565.991,90 |
- |
|
Deferred tax assets |
- |
3.173.670,07 |
- |
|
Deferred tax liabilities |
- |
71.053.719,25 |
- |
|
Unreleased subscriptions - Creditors |
- |
- |
- |
|
Advances received on account of sales |
- |
- |
- |
|
Other debtors and creditors |
|||
|
Other debtors |
- |
- |
- |
|
Other creditors |
- |
2.423.498,26 |
- |
|
EXPENSE ACCOUNTS |
|
Rubrics |
2014 |
2013 |
PERIODS |
|
Supplies and external services |
- |
92.963.965,00 |
- |
|
Subcontracts |
- |
3.371.267,04 |
- |
|
Specialized services |
- |
54.150.465,15 |
- |
|
Specialized works |
- |
14.426.751,11 |
- |
|
Of which: Payments to workers placed
through agencies |
- |
- |
- |
|
Advertising and promotion |
- |
34.901.329,99 |
- |
|
Surveillance and security |
- |
700.055,64 |
- |
|
Fees |
- |
- |
- |
|
Comissions |
- |
- |
- |
|
Maintenance and repairs |
- |
4.122.328,41 |
- |
|
Others |
- |
- |
- |
|
Materials |
- |
801.915,67 |
- |
|
Fast wear tools and utensils |
- |
136.156,29 |
- |
|
Books and technical documentation |
- |
4.974,42 |
- |
|
Office material |
- |
29.501,45 |
- |
|
Gift items |
- |
1.568,44 |
- |
|
Others |
- |
629.715,07 |
- |
|
Energy and fluids |
- |
6.416.222,37 |
- |
|
Electricity |
- |
3.046.864,29 |
- |
|
Fuels |
- |
3.309.254,39 |
- |
|
Water |
- |
19.946,91 |
- |
|
Others |
- |
40.156,78 |
- |
|
Travel, lodging and transportation |
- |
19.631.366,36 |
- |
|
Travel and lodging |
- |
751.055,43 |
- |
|
Transport of personnel |
- |
- |
- |
|
Transport of goods |
- |
18.880.310,93 |
- |
|
Others |
- |
- |
- |
|
Different services |
- |
8.592.728,41 |
- |
|
Rents and leases |
- |
5.361.936,59 |
- |
|
Of which: Rents from land |
- |
- |
- |
|
Communication |
- |
84.279,10 |
- |
|
Insurance |
- |
752.534,34 |
- |
|
Royalties |
- |
- |
- |
|
Litigation and Notaries |
- |
47.271,48 |
- |
|
Representation expenses |
- |
18.700,36 |
- |
|
Cleaning, hygiene and comfort |
- |
1.110.868,31 |
- |
|
Other services |
- |
1.217.138,23 |
- |
|
Deliberation of Approval of Accounts |
|
Were the financial year's accounts
approved? |
|
|
YES |
|
|
Data da Aprovação: 26-03-2015 |
|
|
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 International Accounting Standards (NIC) |
|
PROFIT APLICATION ACCORDING TO THE DELIBERATION THAT APPROVED THE
FINANCIAL YEAR'S ACCOUNTS |
|
Rubrics |
2014 |
2013 |
|
Retained earnings |
- |
5.943.060,13 |
|
Allocated results / Available profits |
0,00 |
- |
|
Percentages or bonuses to managing bodies |
- |
- |
|
Ditto to staff |
- |
- |
|
Reserves |
740.827,28 |
313.000,00 |
|
Coverage of losses |
(14.075.718,29) |
- |
|
7. Others |
- |
- |
|
BALANCE (1-2-3-4-5-6-7) |
13.334.891,01 |
5.630.060,13 |
|
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 |
|
|
Without reservation and without emphasis |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.10 |
|
|
1 |
Rs.100.89 |
|
Euro |
1 |
Rs.73.96 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.