|
Report No. : |
342538 |
|
Report Date : |
29.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
IRMAOS VILA NOVA SA |
|
|
|
|
Registered Office : |
Avenida das Indústrias, Lugar de Sam, 511 - Apartado 7079 |
|
|
|
|
Country : |
Portugal |
|
|
|
|
Financials (as on) : |
2014 |
|
|
|
|
Date of Incorporation : |
01.06.1987 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacture and sale of clothing and accessories |
|
|
|
|
No. of Employees : |
326 |
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 |
|
Name |
IRMAOS
VILA NOVA SA |
|
V.A.T. Number / NIF |
501997784 |
|
Denomination IVN SA |
IVN SA |
|
Address |
Avenida
das Indústrias, Lugar de Sam, 511 - |
|
|
Apartado
7079 |
|
Postal Code |
4760-725-RIBEIRAO |
|
|
Municipality VILA NOVA DE FAMALICAO |
|
District |
BRAGA |
|
Country |
Portugal |
|
Telephone |
252450100 |
|
Fax |
252492646 |
|
Web Site |
http://www.ivn.pt/ |
|
CAE Main |
46421-
Wholesale of clothing and accessories |
|
|
2012 |
2013 |
2014 |
|
Net Sales |
71.517.319,74 |
73.996.273,47 |
83.104.534,14 |
|
Net Income For
the Year |
6.295.633,74 |
7.264.825,43 |
7.979.545,91 |
|
Shareholders’
Funds |
12.192.152,11 |
11.891.370,92 |
14.589.593,80 |
|
Stocks |
15.617.503,03 |
17.081.205,18 |
-f 20.361.614,88 |
|
LIABILITY |
25.311.227,09 |
27.138.560,76 |
28.087.467,98 |
|
ASSETS |
37.503.379,20 |
39.029.931,68 |
-f 42.677.061,78 |
Consulted
sources say that the subject has been respecting its payments and commercial
commitments. However, the incident(s) that we join should be considered in
credit connections.
|
Legal Form |
Joint
Stock Company |
|
Constitution |
01-06-1987 |
|
V.A.T. Number / NIF |
501997784 |
|
Employees |
326 |
|
Capital |
4.250.000,00 |
|
Sales in : 31-12-2014 |
83.104.534,14 |
|
Shareholders Funds in: 31-12-2014 |
14.589.593,80 |
|
Actual Condition |
In
activity |
INCIDENTS
Summary of Claims (Last 5
Years)
|
Year |
Quantity |
Total |
|
|
|
€ |
|
2015 |
2 |
28.703,26 |
|
2011 |
1 |
15.375,00 |
|
Total |
3 |
44.078,26 |
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.
|
FILIPE
FERNANDO VILA NOVA AZEVEDO COSTA |
Board
of Director's President |
|
CELSO
MANUEL CAMILO MARTINS POCAS |
Administrator |
|
Fiscal Board |
|
|
AMADEU
JOSE MAIA MONTEIRO DE MAGALHAES |
Fiscal
Board Substitute |
|
ARMINDO
COSTA, SERRA CRUZ, MARTINS E ASSOCIADOS SROC |
Unique
Fiscal |
Registed on the Register Record Office of Vila Nova de Famalicao with the Register Number 501997784 previous number 2104 in 01-06-1988
Constitution celebrated in 01-06-1987 published on Diário da República number 146 of 02-07-1988
To oblige the company it is necessary 2 signature
Changes to
Society
In 02-06-2015 on Portal MJ of 04-06-2015 appointment of board of directors
In 04-08-2014 on Portal MJ of 07-08-2014 appointment of board of directors
In 17-02-2013 on Portal MJ of 23-12-2013 appointment of board of directors
In 04-09-2012 on Portal MJ of 07-09-2012 appointment of board of directors
In 17-07-2012 on Portal MJ of 28-08-2012 resignation of board of directors
The Capital is 4.250.000,00 , divided in 850000 shares , with a nominal value of 5,00
with the
following shareholders
IVN-SERVICOS PARTILHADOS SA 4.250.000,00 100%
|
NAME |
IVN-SERVICOS
PARTILHADOS SA |
|
Funtion |
Shareholder |
|
Address |
Avenida
das Indústrias, Nº 511, lugar de Sam |
|
Locality |
4760-725
RIBEIRAO |
|
Telephone |
252450100 |
|
Fax |
252492646 |
|
E-Mail |
salsa@salsajeans.com |
|
C.A.E. |
82990-
Other areas of support services provided to businesses, ne |
|
Main CAE |
46421-
Wholesale of clothing and accessories |
|
Business Description |
|
Manufacture
and sale of clothing and accessories |
|
Type of Clients |
Retailers/Wholesalers |
|
Sales
Conditions |
Contract |
|
|
|
Geographic
Distribution of Sales |
|
|
|||
|
|
|
Internal Market |
|
|
International Market |
|
|
|
Year |
|
|
|
EU |
|
Extra-EU |
Total |
|
2014 |
32.511.385,40 |
39,12% |
36.694.612,53 |
44,15% |
13.898.536,21 |
16,72% |
83.104.534,14 |
|
2013 |
31.430.092,32 |
42,48% |
31.776.257,60 |
42,94% |
10.789.923,55 |
14,58% |
73.996.273,47 |
|
2012 |
31.173.978,55 |
43,59% |
29.121.550,61 |
40,72% |
11.221.790,58 |
15,69% |
71.517.319,74 |
|
2011 |
33.614.812,24 |
48,24% |
26.356.380,88 |
37,82% |
9.712.372,84 |
13,94% |
69.683.565,96 |
|
2010 |
39.383.901,93 |
55,01% |
23.804.070,43 |
33,25% |
8.400.601,17 |
11,73% |
71.588.573,53 |
|
|
|
|
|
Geographic Distribution of
Purchases |
|
|
|
|
|
Internal Market |
|
|
|
International Market |
|
|
|
Year |
|
|
|
EU |
Extra-EU |
|
Total |
|
2014 |
31.898.382,95 |
65,02% |
10.180.168,09 |
20,75% |
6.983.392,34 |
14,23% |
49.061.943,38 |
|
2013 |
26.348.934,78 |
63,49% |
6.680.784,93 |
16,10% |
8.472.261,67 |
20,41% |
41.501.981,38 |
|
2012 |
30.982.733,90 |
82,57% |
644.705,58 |
1,72% |
5.896.522,85 |
15,71% |
37.523.962,33 |
|
2011 |
24.946.183,54 |
63,78% |
6.511.967,23 |
16,65% |
7.656.744,72 |
19,58% |
39.114.895,49 |
|
2010 |
20.140.339,73 |
51,79% |
9.591.298,63 |
24,67% |
9.153.256,24 |
23,54% |
38.884.894,60 |
Trade Marks
Salsa
IVN Imobiliária
IVN Indústria
IVN SA
|
BANCO
SANTANDER TOTTA SA |
Centro
de Empresas de Guimarães |
|
CAIXA
GERAL DE DEPOSITOS, SA |
Vila
Nova de Famalicão |
|
BANCO
BPI, SA |
Trofa |
|
NOVO
BANCO, SA |
Trofa |
|
CAIXA
DE CREDITO AGRICOLA MUTUO |
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.
Summary of Claims (Last 5
Years)
|
Year |
Quantity |
Total |
|
|
|
€ |
|
2015 |
2 |
28.703,26 |
|
2011 |
1 |
15.375,00 |
|
Total |
3 |
44.078,26 |
|
Date |
Process |
Author |
Type |
Amount |
Judicial District |
Court |
Situation |
|
01-08-2015 |
3798/15.8T8BRG |
Matilde
João Campos da Costa Vieira da Silva |
T-Acção
de Processo Comum |
15.000,00 |
Comarca
de Braga- Braga-UC |
|
|
|
|
|
|
|
|
|
|
|
|
10-03-2015 |
16144/15.1YIPRT |
Catwalk
- Comércio Textil, Lda |
C-Especial Cump.Obrig. Pecuniarias
DL 269/98 |
13.703,26 |
Comarca
do Porto- Póvoa
de Varzim- UC |
|
|
|
|
|
|
|
|
|
|
|
|
03-11-2011 |
228783/11.2YIPRT |
Peres
& Partners - Inovação, Marketing
e Design, Lda. |
C-Especial Cump.Obrig. Pecuniarias
DL 269/98 |
15.375,00 |
Vila
Nova de Famalicão-Juízos
Compet. Cível de V.N.Famalicão |
5 |
Resolvida |
|
Year |
Total |
|
Men |
|
Women |
|
2014 |
326 |
211 |
65% |
115 |
35% |
|
2013 |
307 |
187 |
61% |
120 |
39% |
|
2012 |
349 |
225 |
64% |
124 |
36% |
|
2011 |
315 |
204 |
65% |
111 |
35% |
|
2010 |
288 |
191 |
66% |
97 |
34% |
Companhia
de Seguros Açoreana SA
Império
Bonança Companhia de Seguros SA
Tranquilidade
Seguros SA
Crédito
Agrícola Seguros SA
Head
office, warehouse and factory Avenida das Indústrias, Lugar de Sam 511 - Apartado
7079, 4760-725, RIBEIRAO-VILA NOVA DE FAMALICAO, Tel:252450100, Fax:252492646
|
Event |
General
Description |
|
|
A
28 de Dezembro de 2010, fusão por incoporação mediante a transferência global |
|
Merge |
|
|
|
do
património da firma Irmãos Vila Nova II-Indústria de Confeções SA, na
titular. |
|
|
Balance Sheet SNC |
|
CoinEUROS |
Year:2014 |
|
|
2014 |
2013 |
2012 |
%
Var.2014/13 |
|
ASSET |
|
|
|
|
|
Non-current assets |
|
|
|
|
|
Tangible
fixed assets |
1.558.836,66 |
1.500.035,47 |
1.180.597,80 |
3,92% |
|
Investment
properties |
- |
- |
- |
- |
|
Goodwill |
- |
- |
- |
- |
|
Intangible
assets |
206.392,90 |
131.732,02 |
132.898,27 |
56,68% |
|
Biological
assets |
- |
- |
- |
- |
|
Financial
participations - patrimonial equity method |
- |
- |
- |
- |
|
Financial
participations - other methods |
- |
- |
- |
- |
|
Shareholders/partners |
- |
- |
- |
- |
|
Other
financial assets |
67.720,03 |
- |
- |
- |
|
Deferred
tax assets |
18.018,86 |
44.257,99 |
93.544,64 |
(59,29)% |
|
Financial
investments(exclusive use by small entities) |
- |
- |
- |
- |
|
and
micro entities) |
|
|
|
|
|
Total |
1.850.968,45 |
1.676.025,48 |
1.407.040,71 |
10,44% |
|
Current assets |
|
|
|
|
|
Inventories |
20.361.614,88 |
17.081.205,18 |
15.617.503,03 |
19,20% |
|
Biological
assets |
- |
- |
- |
- |
|
Costumers |
16.506.833,94 |
15.248.799,69 |
12.683.126,64 |
8,25% |
|
Advances
to suppliers |
26.077,19 |
37.250,29 |
13.521,08 |
(29,99)% |
|
State
and other public entities |
575.619,49 |
100.555,63 |
362.490,59 |
472,44% |
|
Shareholders/partners |
758.848,72 |
2.990.643,86 |
4.006.315,37 |
(74,63)% |
|
Other
accounts receivable |
276.699,17 |
254.791,11 |
451.521,09 |
8,60% |
|
Deferrals |
293.936,95 |
280.434,01 |
328.455,28 |
4,82% |
|
Financial
assets held for trading |
- |
- |
- |
- |
|
Other
financial assets |
- |
67.505,93 |
67.500,00 |
- |
|
Non-current
assets held for sale |
- |
- |
- |
- |
|
Other
current assets |
- |
- |
- |
- |
|
Cashier
and bank deposits |
2.026.462,99 |
1.292.720,50 |
2.565.905,41 |
56,76% |
|
Total |
40.826.093,33 |
37.353.906,20 |
36.096.338,49 |
9,30% |
|
TOTAL
ASSET |
42.677.061,78 |
39.029.931,68 |
37.503.379,20 |
9,34% |
|
SHAREHOLDERS FUNDS AND
LIABILITIES |
|
|
|
|
|
SHAREHOLDERS
FUNDS |
|
|
|
|
|
Capital |
4.250.000,00 |
4.250.000,00 |
4.250.000,00 |
- |
|
Own
shares |
- |
- |
- |
- |
|
Other
shareholders funds instruments |
- |
- |
- |
- |
|
Emission
premiuns |
- |
- |
- |
- |
|
Legal
reserves |
1.150.000,00 |
1.150.000,00 |
1.150.000,00 |
- |
|
Other
reserves |
925.853,77 |
925.853,77 |
925.853,77 |
- |
|
Net
retained |
264.316,83 |
774.701,65 |
2.038.561,75 |
(65,88)% |
|
Adjustments
on financial assets |
- |
- |
- |
- |
|
Revaluation
surplus |
- |
- |
- |
- |
|
Other
shareholders funds changes |
19.877,29 |
25.990,07 |
32.102,85 |
(23,52)% |
|
Total |
6.610.047,89 |
7.126.545,49 |
8.396.518,37 |
(7,25)% |
|
Net
income for the period |
7.979.545,91 |
7.264.825,43 |
6.295.633,74 |
9,84% |
|
Antecipated
dividends |
- |
(2.500.000,00) |
(2.500.000,00) |
- |
|
TOTAL
OF SHAREHOLDERS FUNDS |
14.589.593,80 |
11.891.370,92 |
12.192.152,11 |
22,69% |
|
LIABILITY |
|
|
|
|
|
Non-current liiabilities |
|
|
|
|
|
Provisions |
- |
- |
- |
- |
|
Financing
obtained |
2.381.912,60 |
4.004.676,74 |
4.481.413,16 |
(40,52)% |
|
Responsability
for post-employment beneficts |
- |
- |
- |
- |
|
Diferred
taxes liabilities |
4.969,31 |
6.497,51 |
8.025,71 |
(23,52)% |
|
Other
payable accounts |
- |
- |
- |
- |
|
Total |
2.386.881,91 |
4.011.174,25 |
4.489.438,87 |
(40,49)% |
|
Current liabilities |
|
|
|
|
|
Suppliers |
16.702.285,72 |
14.052.740,80 |
14.464.426,07 |
18,85% |
|
Advances
from costumers |
7.149,59 |
14.920,32 |
1.321,26 |
(52,08)% |
|
State
and other public entities |
839.273,85 |
2.867.011,02 |
2.727.747,84 |
(70,73)% |
|
Shareholders/partners |
- |
- |
- |
- |
|
Financing
obtained |
5.491.321,74 |
3.502.098,24 |
1.128.515,29 |
56,80% |
|
Other
payable accounts |
2.660.555,17 |
2.690.616,13 |
2.499.777,76 |
(1,12)% |
|
Deferrals |
- |
- |
- |
- |
|
Financial
liabilities held for trading |
- |
- |
- |
- |
|
Other
financial liabilities |
- |
- |
- |
- |
|
Non-current
liabilities held for sale |
- |
- |
- |
- |
|
Other
current liabilities |
- |
- |
- |
- |
|
Total |
25.700.586,07 |
23.127.386,51 |
20.821.788,22 |
11,13% |
|
TOTAL
LIABILITIES |
28.087.467,98 |
27.138.560,76 |
25.311.227,09 |
3,50% |
|
TOTAL
SHAREHOLDERS FUNDS AND LIABILITIES |
42.677.061,78 |
39.029.931,68 |
37.503.379,20 |
9,34% |
|
INCOME STATEMENT |
|
|
|
|
|
INCOME AND EXPENSES |
|
|
|
|
|
Sales
and services |
83.104.534,14 |
73.996.273,47 |
71.517.319,74 |
12,31% |
|
Operating
government grants |
14.267,39 |
4.129,84 |
6.338,93 |
245,47% |
|
Gains/losses
allocated subsidiaries, associates and joint ventures |
- |
- |
- |
- |
|
Variation
in production inventories |
4.294.316,17 |
2.177.784,25 |
(1.101.386,22) |
97,19% |
|
Work
for the entity itself |
- |
- |
- |
- |
|
Cost
of goods sold and materials consumed |
49.027.451,82 |
41.284.231,30 |
36.780.113,75 |
18,76% |
|
Suppliers
and external services |
17.430.211,65 |
15.738.153,18 |
16.258.565,51 |
10,75% |
|
Personnel
costs |
7.834.953,75 |
7.384.656,24 |
7.510.883,37 |
6,10% |
|
Impairment
of inventories (losses/revearsals) |
567.214,33 |
517.282,74 |
156.208,01 |
9,65% |
|
Impairment
of receivables (losses/revearsals) |
243.483,17 |
383.647,75 |
394.501,26 |
(36,53)% |
|
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 |
- |
- |
- |
- |
|
Other
income and gains |
325.081,17 |
633.508,29 |
457.915,47 |
(48,69)% |
|
Other
expenses and losses |
1.321.264,47 |
1.039.817,48 |
662.084,26 |
27,07% |
|
Result
before depreciation, financing costs and taxes |
11.313.619,68 |
10.463.907,16 |
9.117.831,76 |
8,12% |
|
Expenses/reversals
of depreciation and amortization |
531.599,43 |
463.216,57 |
473.037,38 |
14,76% |
|
Impairment
of investments depreciable/amortizable (losses/reversals) |
- |
- |
- |
- |
|
Operating
result (before financing costs and taxes) |
10.782.020,25 |
10.000.690,59 |
8.644.794,38 |
7,81% |
|
Interest
and similar income obtained |
84.786,06 |
44.664,05 |
192.685,81 |
89,83% |
|
interest
and similar expenses incurred |
246.337,92 |
351.702,37 |
414.397,27 |
(29,96)% |
|
Net
before taxes |
10.620.468,39 |
9.693.652,27 |
8.423.082,92 |
9,56% |
|
Income
tax of the period |
2.640.922,48 |
2.428.826,84 |
2.127.449,18 |
8,73% |
|
Net
profit for the period |
7.979.545,91 |
7.264.825,43 |
6.295.633,74 |
9,84% |
|
Results
of discontinued operations (net of taxes) |
- |
- |
- |
- |
|
included
in the net icome of the period |
|
|
|
|
|
Closing Date |
2014 |
2013 |
2012 |
|
TURNOVER RATIOS |
|
|
|
|
Shareholder's
Funds Profitability |
0,547 |
0,611 |
0,516 |
|
Assets
Profitability |
0,253 |
0,256 |
0,231 |
|
Sales
Net Profitability |
0,096 |
0,098 |
0,088 |
|
EFFICIENCY RATIOS |
|
|
|
|
Medium
Term Receivable |
72,499 |
75,217 |
64,73 |
|
Asset
Rotation |
1,947 |
1,896 |
1,907 |
|
PRODUCTIVITY RATIOS |
|
|
|
|
Productivity |
4,349 |
4,43 |
4,625 |
|
SHORT TERM RATIOS |
|
|
|
|
General
Liquidity |
1,589 |
1,615 |
1,734 |
|
Reduced
Liquidity |
0,796 |
0,877 |
0,984 |
|
Immediate
Liquidity |
0,079 |
0,056 |
0,123 |
|
MEDIUM LONG TERM RATIOS |
|
|
|
|
Financial
Autonomy |
0,342 |
0,305 |
0,325 |
|
Solvability |
0,519 |
0,438 |
0,482 |
|
Borrowed
Capital Structure |
0,915 |
0,852 |
0,823 |
|
General
Debt |
0,54 |
0,631 |
0,46 |
|
Medium Long Term Debt |
0,163 |
0,337 |
0,368 |
|
Debt
Structure |
0,915 |
0,852 |
0,823 |
|
Capital
Structure |
6,112 |
2,965 |
2,716 |
|
Operational and Financial
Risk |
|
|
|
|
Operational
Leverage Level |
3,161 |
3,271 |
4,018 |
|
Financial
Leverage Level |
1,015 |
1,032 |
1,026 |
|
Combined
Leverage Level |
3,208 |
3,376 |
4,122 |
|
Rubrics |
2014 |
2013 |
PERIODS |
|
CASH FLOWS FROM
OPERATIONAL ACTIVITIES |
|
|
|
|
Customers
receipts |
90.440.425,66 |
78.149.272,52 |
15,73% |
|
Payments
to suppliers |
76.267.807,07 |
67.101.288,92 |
13,66% |
|
Payments
to employees |
7.122.824,38 |
7.065.692,96 |
0,81% |
|
Cash
at bank generated from operations |
7.049.794,21 |
3.982.290,64 |
77,03% |
|
Payment/receipt
of income tax |
(4.731.009,40) |
(1.774.782,35) |
(166,57)% |
|
Other
receipts/payments |
2.014.791,27 |
2.109.292,42 |
(4,48)% |
|
Cash
Flows from Operational Activities (A) |
4.333.576,08 |
4.316.800,71 |
0,39% |
|
CASH FLOWS' INVESTMENT
ACTIVITIES |
|
|
|
|
Payments
regarding: |
|
|
|
|
Fixed
tangible assets |
311.919,93 |
389.287,65 |
(19,87)% |
|
Intangible
assets |
154.835,20 |
103.762,80 |
49,22% |
|
Financial
investments |
- |
- |
- |
|
Other
assets |
5.672.698,29 |
6.291.056,63 |
(9,83)% |
|
Receipts
from: |
|
|
|
|
Fixed
tangible assets |
46.768,97 |
1.670,84 |
2.699,13% |
|
Intangible
assets |
- |
- |
- |
|
Financial
investments |
- |
- |
- |
|
Other
assets |
7.904.493,43 |
7.298.356,07 |
8,31% |
|
Investment
subsidies |
- |
- |
- |
|
Interest
and similar income |
81.213,10 |
176.898,47 |
(54,09)% |
|
Dividends |
- |
- |
- |
|
Cash
Flows' Investments Activities (B) |
1.893.022,08 |
692.818,30 |
173,23% |
|
CASH FLOWS' INVESTMENT
ACTIVITIES |
|
|
|
|
Receipts
from: |
|
|
|
|
Obtained
financing |
- |
1.000.000,00 |
- |
|
Paying-up
of capital and other equity instruments |
- |
- |
- |
|
Coverage
of losses |
- |
- |
- |
|
Donations |
- |
- |
- |
|
Other
financing operations |
12.894.530,29 |
6.803.547,55 |
89,53% |
|
Payments
regarding: |
|
|
|
|
Obtained
financing |
2.338.768,12 |
377.717,40 |
519,18% |
|
Interests
and similar expenses |
278.965,62 |
348.496,77 |
(19,95)% |
|
Dividends |
5.276.738,45 |
7.561.022,04 |
(30,21)% |
|
Capital's
redution and other equity instruments |
- |
- |
- |
|
Other
financing operations |
10.506.263,65 |
5.795.105,94 |
81,30% |
|
Cash
Flows' Financing Activities © |
(5.506.205,55) |
(6.278.794,60) |
12,30% |
|
Variation
in cash at bank and its equivalents (A+B+C) |
720.392,61 |
(1.269.175,59) |
156,76% |
|
Effect
of exchange differences |
13.349,88 |
(4.009,32) |
432,97% |
|
Cash
at bank and its equivalents at the start of period |
1.292.720,50 |
2.565.905,41 |
(49,62)% |
|
Cash
at bank and its equivalents at the end of period |
2.026.462,99 |
1.292.720,50 |
56,76% |
|
|
Movimentos
do Periodo de 2014 |
|
||||
|
Rubrics |
Initial balance |
Debits |
Credits |
Final balance |
||
|
PERIOD'S CARRYING AMOUNT
AND MOVEMENTS |
||||||
|
Cash
in hand |
3.163,81 |
24.103,39 |
24.551,11 |
2.716,09 |
||
|
Order
deposits |
1.039.556,69 |
132.510.792,97 |
131.776.602,76 |
1.773.746,90 |
||
|
Other
bank deposits |
250.000,00 |
3.000.000,00 |
3.000.000,00 |
250.000,00 |
||
|
Total
cash at bank and bank deposits |
1.292.720,50 |
135.534.896,36 |
134.801.153,87 |
2.026.462,99 |
||
|
Of
which: Bank deposits abroad |
34.591,54 |
739.301,72 |
727.148,11 |
46.745,15 |
||
|
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 |
|
|
|
|
On
revalued |
|
|
|
|
|
|
Recognized |
|
|
Recognized |
|
|
|
|
|
assets |
|
|
Recognized |
|
|
Rubrics |
in profit and |
|
Total |
in profit and |
|
Total |
|
|
|
recognized in |
|
|
in Equity |
|
|
|
loss |
|
|
loss |
|
|
|
|
|
equity |
|
|
|
|
|
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 |
|
||
|
|
|
|
Grants
from other entities |
|
|
|
public
bodies Value assigned in |
|
Value
assigned in |
|
|
|
|
Value
attributed |
|
Value
attributed |
|
Rubrics |
the
period or in |
|
the
period or in |
|
|
|
|
to
the period |
|
to
the period |
|
|
previous
periods |
|
previous
periods |
|
|
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 |
- |
14.267,39 |
- |
- |
|
Value
of repayments in the period: |
- |
0,00 |
- |
0,00 |
|
Grants
related to assets/investment |
- |
- |
- |
- |
|
Grants
related to income / operating |
- |
- |
- |
- |
|
TOTAL |
- |
14.267,39 |
- |
0,00 |
IMPAIRMENT LOSSES IN
FINANCIAL ASSETS AT COST OR AT AMORTIZED COST
|
|
Movimentos do Periodo de
2014 |
|
|
|
|
|
Impairment losses |
|
|
Rubrics |
Impairment
losses |
|
Total |
|
|
|
reversals |
|
|
Receivable
debts from customers |
269.100,09 |
36.617,97 |
232.482,12 |
|
Other
receivables |
11.001,05 |
- |
11.001,05 |
|
Equity
instruments and other securities |
- |
- |
0,00 |
|
Others |
- |
- |
0,00 |
|
TOTAL |
280.101,14 |
36.617,97 |
243.483,17 |
|
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 |
|
|
|
|
Average
number of |
Average
number of |
|
Rubrics |
|
|
|
|
employees |
hours worked |
|
Company
employees, paid and unpaid |
326 |
623.299 |
|
Paid
company employees |
326 |
623.299 |
|
Company
UNPAID employees |
0 |
0 |
|
Company
employees, by type of working hours |
|
|
|
Full
time company employees |
325 |
622.491 |
|
Of
which: Full time company employees |
325 |
622.491 |
|
Part
time company employees |
1 |
808 |
|
Of
which: Part time company employees |
1 |
808 |
|
Company
employees, by gender: |
|
|
|
Men |
211 |
406.745 |
|
Women |
115 |
216.554 |
|
Company
employees, of which: |
|
|
|
Company
employees assigned to Research and Development |
29 |
- |
|
Service
providers |
- |
- |
|
People
placed through temporary employment agencies |
23 |
- |
|
STAFF COSTS |
|
|
Rubrics |
Value |
|
Staff
costs |
7.834.953,75 |
|
Governance
Bodies Remuneration |
156.333,33 |
|
Of
which: Profit-sharing |
- |
|
Employees
remuneration |
5.955.538,05 |
|
Of
which: Profit-sharing |
270.882,32 |
|
Post-employment
benefits |
0,00 |
|
Pension
premiums |
- |
|
Other
benefits |
- |
|
Of
which: |
|
|
For
defined contribution plans - corporate bodies |
- |
|
For
defined contribution plans - others |
- |
|
Compensations |
24.157,31 |
|
Charges
on remunerations |
1.287.617,83 |
|
Insurance
for accidents at work and professional diseases |
27.936,86 |
|
Social
security expenses |
18.949,52 |
|
Other
staff costs |
364.420,85 |
|
Of
which: |
|
|
Expenditure
on education |
35.147,35 |
|
Expenditure
on uniforms |
30.665,17 |
INFORMATION BY GEOGRAPHIC
MARKETS
|
|
|
Geographic
markets |
|
|
|
Rubrics |
Internal |
EU |
Extra-EU |
Total |
|
Sales |
29.298.925,01 |
36.624.135,27 |
13.898.536,21 |
79.821.596,49 |
|
Services
provided |
3.212.460,39 |
70.477,26 |
- |
3.282.937,65 |
|
Purchases |
31.898.382,95 |
10.180.168,09 |
6.983.392,34 |
49.061.943,38 |
|
Supplies
and external services |
13.115.857,88 |
4.216.456,09 |
97.897,68 |
17.430.211,65 |
|
Acquisition
of fixed tangible assets |
356.131,76 |
151.522,77 |
- |
507.654,53 |
|
Acquisition
of investment properties |
0,00 |
- |
- |
0,00 |
|
Acquisition
of intangible assets |
148.400,00 |
19.159,00 |
- |
167.559,00 |
|
Supplementary
income: |
16.625,65 |
45.318,84 |
60.854,96 |
122.799,45 |
|
Social
services |
- |
- |
- |
0,00 |
|
Equipment
rental |
- |
- |
- |
0,00 |
|
Studies,
projects and technological assistance |
- |
- |
- |
0,00 |
|
Royalities |
- |
- |
58.863,50 |
58.863,50 |
|
|
16.625,65 |
45.318,84 |
1.991,46 |
63.935,95 |
|
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 |
18.181.449,73 |
16.807.439,97 |
8,18% |
|
Trade
notes receivable |
- |
- |
- |
|
Advances
received from customers |
7.149,59 |
14.920,32 |
(52,08)% |
|
Suppliers |
|
|
|
|
Trade
accounts payable |
16.452.655,16 |
13.712.524,43 |
19,98% |
|
Trade
notes payable |
- |
- |
- |
|
Trade
accounts payable - unchecked invoices |
249.630,56 |
340.216,37 |
(26,63)% |
|
Advances
to suppliers |
26.077,19 |
37.250,29 |
(29,99)% |
|
Staff |
|
|
|
|
Payable
remunerations |
5.408,40 |
1.224,21 |
341,79% |
|
Advanced
payments |
- |
- |
- |
|
Bonds |
- |
- |
- |
|
Other
operations |
- |
3.219,38 |
- |
|
State
and other public sector institutions |
|
|
|
|
Income
Tax |
258.636,27 |
(2.375.103,39) |
110,89% |
|
Deductible
IVA (debt cumulative amounts) |
16.591.972,65 |
691,54 |
2.399.178,81% |
|
Paid
IVA (credit cumulative amounts) |
12.487.006,31 |
691,54 |
1.805.580,99% |
|
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 |
- |
2.990.643,86 |
- |
|
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 |
- |
215.333,76 |
- |
|
Trade
accounts payable - unchecked invoices |
- |
- |
- |
|
Advanced
payments to investment providers |
- |
- |
- |
|
additional
income - Debtors |
81.447,40 |
139.587,74 |
(41,65)% |
|
additional
expenses - Creditors |
2.296.430,38 |
2.310.999,65 |
(0,63)% |
|
Deferred
tax assets |
18.018,86 |
44.257,99 |
(59,29)% |
|
Deferred
tax liabilities |
4.969,31 |
6.497,51 |
(23,52)% |
|
Unreleased
subscriptions - Creditors |
- |
- |
- |
|
Advances
received on account of sales |
- |
- |
- |
|
Other
debtors and creditors |
|
|
|
|
Other
debtors |
191.144,00 |
11.376,37 |
1.580,18% |
|
Other
creditors |
74.355,66 |
62.957,27 |
18,10% |
|
EXPENSE ACCOUNTS |
|
|
|
|
Rubrics |
2014 |
2013 |
PERIODS |
|
Supplies
and external services |
17.430.211,65 |
15.738.153,18 |
10,75% |
|
Subcontracts |
2.209.905,72 |
1.769.908,97 |
24,86% |
|
Specialized
services |
9.258.532,71 |
8.576.889,46 |
7,95% |
|
Specialized
works |
3.506.646,06 |
3.546.512,56 |
(1,12)% |
|
Of
which: Payments to workers placed through agencies |
- |
- |
- |
|
Advertising
and promotion |
2.189.186,20 |
1.872.124,54 |
16,94% |
|
Surveillance
and security |
25,50 |
- |
- |
|
Fees |
390,00 |
4.995,60 |
(92,19)% |
|
Comissions |
3.362.808,81 |
2.940.283,99 |
14,37% |
|
Maintenance
and repairs |
199.476,14 |
212.972,77 |
(6,34)% |
|
Others |
- |
- |
- |
|
Materials |
192.255,27 |
155.073,06 |
23,98% |
|
Fast
wear tools and utensils |
155.568,28 |
123.050,18 |
26,43% |
|
Books
and technical documentation |
8.703,01 |
5.962,92 |
45,95% |
|
Office
material |
17.592,47 |
17.641,92 |
(0,28)% |
|
Gift
items |
10.107,38 |
7.973,02 |
26,77% |
|
Others |
284,13 |
445,02 |
(36,15)% |
|
Energy
and fluids |
951.446,10 |
509.083,93 |
86,89% |
|
Electricity |
228.418,98 |
25.053,16 |
811,74% |
|
Fuels |
99.364,99 |
103.840,98 |
(4,31)% |
|
Water |
130,58 |
77,75 |
67,95% |
|
Others |
623.531,55 |
380.112,04 |
64,04% |
|
Travel,
lodging and transportation |
2.642.541,94 |
2.085.728,66 |
26,70% |
|
Travel
and lodging |
370.662,39 |
306.246,03 |
21,03% |
|
Transport
of personnel |
- |
- |
- |
|
Transport
of goods |
2.228.545,65 |
1.739.144,89 |
28,14% |
|
Others |
43.333,90 |
40.337,74 |
7,43% |
|
Different
services |
2.175.529,91 |
2.641.469,10 |
(17,64)% |
|
Rents
and leases |
1.902.605,62 |
2.376.061,26 |
(19,93)% |
|
Of
which: Rents from land |
- |
- |
- |
|
Communication |
81.027,48 |
63.741,98 |
27,12% |
|
Insurance |
136.521,78 |
157.911,07 |
(13,55)% |
|
Royalties |
- |
- |
- |
|
Litigation
and Notaries |
9.962,57 |
3.469,49 |
187,15% |
|
Representation
expenses |
37.361,46 |
19.893,55 |
87,81% |
|
Cleaning,
hygiene and comfort |
7.665,78 |
17.624,79 |
(56,51)% |
|
Other
services |
385,22 |
2.766,96 |
(86,08)% |
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)
|
Rubrics |
2014 |
2013 |
|
Retained
earnings |
8.243.862,74 |
8.039.527,08 |
|
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) |
8.243.862,74 |
8.039.527,08 |
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: 151188386
Was the Legal certification of accounts issued?
YES
Without reservation and without emphasis
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.08 |
|
UK Pound |
1 |
Rs.100.32 |
|
Euro |
1 |
Rs.73.81 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.