|
|
|
MIRA INFORM REPORT
|
Report No. : |
501877 |
|
Report Date : |
05.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
VELAN-VALVULAS INDUSTRIAIS LDA |
|
|
|
|
Registered Office : |
Rua Ary Dos Santos, 1685-886-Famoes, Odivelas, Lisboa |
|
|
|
|
Country : |
Portugal |
|
|
|
|
Financials (as on) : |
2016 |
|
|
|
|
Date of Incorporation : |
10.04.1989 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacture of Other Taps and Valves. |
|
|
|
|
No. of Employees : |
49 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
|
|
|
|
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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
Portugal |
B1 |
B1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 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. After the global financial crisis in 2008, Portugal’s economy contracted in 2009 and fell into recession from 2011 to 2013, as the government implemented spending cuts and tax increases to comply with conditions of an EU-IMF financial rescue package, signed in May 2011. Portugal successfully exited its EU-IMF program in May 2014, and its economic recovery gained traction in 2015 because of strong exports and a rebound in private consumption. GDP growth accelerated in 2016, and probably reached 2.5 % in 2017. Unemployment remained high, at 9.7% in 2017, but has improved steadily since peaking at 18% in 2013.
The center-left minority Socialist government has unwound some unpopular austerity measures while managing to remain within most EU fiscal targets. The budget deficit fell from 11.2% of GDP in 2010 to 1.8% in 2017, the country’s lowest since democracy was restored in 1974, and surpassing the EU and IMF projections of 3%. Portugal exited the EU’s excessive deficit procedure in mid-2017.
|
Source
: CIA |
Company
name
VELAN-VALVULAS
INDUSTRIAIS LDA
FINANCIAL
HIGHLIGHTS
|
|
2014 |
2015 |
2016 |
|
Net
Sales |
6.970.077,57 |
6.402.030,00 |
5.655.417,54 |
|
Net
Income for the year |
1.187.735,07 |
591.960,16 |
844.193,55 |
|
Shareholders
Funds |
10.355.096,69 |
10.947.006,28 |
11.791.199,83 |
|
Stocks |
2.975.695,55 |
2.844.919,53 |
2.273.997,43 |
|
Liability |
1.443.869,73 |
1.026.354,25 |
803.049,22 |
|
Assets |
11.798.966,42 |
11.973.360,53 |
12.594.249,05 |
SUMMARY
|
Legal
Form |
Private
Limited Company |
|
Constitution |
10-04-1989 |
|
V.A.T.
Number / NIF |
502185724 |
|
Employees |
49 |
|
Capital |
798.076,64 |
|
Sales
in : 31-12-2016 |
5.655.417,54 |
|
Shareholders
Funds in: 31-12-2016 |
11.791.199,83 |
|
Actual
Condition |
In
activity |
|
Import/Export |
Sim
/ Sim |
TAX SITUATION
On
this date the subject is Not registered in the debtors list of the tax
authorities
CONTRIBUTIVE
SITUATION (SOCIAL SECURITY)
At
present date, the company is not in Social Security debt list
INSOLVENCIES / REVITALIZATION
PROCESSES
NO
IDENTIFICATION
|
Name |
VELAN-VALVULAS
INDUSTRIAIS LDA |
|
Trust
Nº. |
332692 |
|
V.A.T.
Number / NIF |
502185724 |
|
Address |
Rua
Ary dos Santos |
|
Postal
Code |
1685-886-FAMOES |
|
Municipality |
ODIVELAS |
|
District |
LISBOA |
|
Country |
Portugal |
|
Telephone |
219347800,
219347806, 219349860 |
|
Fax |
219347809 |
|
E-Mail |
|
|
Web
Site |
|
|
CAE
Main |
28140-
Manufacture of other taps and valves |
MANAGEMENT
BODIES
|
JOSE ANTONIO CABRITA RODRIGUES |
Manager |
|
TOMAS
VELAN |
Manager |
|
STEFAN
WINGERATH |
Manager |
|
JOHN
DAVID BALL |
Manager |
|
WOLFGANG
MAAR |
Manager |
LEGAL
STRUCTURE
Registed
on the Register Record Office of Odivelas with the Register Number 502185724
previous number 7308 in 10-04-1989.
Constitution
celebrated in 10-04-1989 published on Diário da República number 97 of
27-04-1989.
To
oblige the company it is necessary 2 signature
CHANGES TO SOCIETY
In
15-09-2017 on Portal MJ of 15-09-2017 annual financial statements
In
19-07-2017 on Portal MJ of 19-07-2017 appointment of board of directors
In 19-07-2017 on Portal MJ of 19-07-2017
resignation of board of directors
In 19-07-2017 on Portal MJ of 19-07-2017
social change
In
19-07-2017 on Portal MJ of 19-07-2017 resignation of board of directors
In
16-09-2016 on Portal MJ of 16-09-2016 annual financial statements
In
21-09-2015 on Portal MJ of 21-09-2015 annual financial statements
In
17-06-2015 on Portal MJ of 17-06-2015 social change
In
18-09-2014 on Portal MJ of 18-09-2014 annual financial statements
In
13-09-2013 on Portal MJ of 13-09-2013 annual financial statements
CAPITAL
The
Capital is 798.076,64
With the following
distribution
|
VELAN
INC |
702.307,44 |
88% |
|
VELAN
VALVE COOPERATION |
95.769,20 |
12% |
BIOGRAPHIES
|
Name |
JOSE
ANTONIO CABRITA RODRIGUES |
|
Funtion |
Manager |
|
Locality |
2670
LOURES |
|
|
|
|
Name |
TOMAS
VELAN |
|
Funtion |
Manager |
|
Locality |
2670
LOURES |
|
|
|
|
Name |
STEFAN
WINGERATH |
|
Funtion |
Manager |
|
Address |
RUA
MONTE REDONDO E TORRÃO, N.º 2-A BAIRRO
MONTE REDONDO E TORRÃO ÉVORA |
|
Locality |
7000-736
EVORA |
|
Civil
State |
Unmarried |
|
|
|
|
Name |
JOHN
DAVID BALL |
|
Funtion |
Manager |
|
|
|
|
Name |
WOLFGANG
MAAR |
|
Funtion |
Manager |
|
Address |
RUA
MONTE REDONDO E TORRÃO, N.º 2-A BAIRRO
MONTE REDONDO E TORRÃO ÉVORA |
|
Locality |
7000-736
EVORA |
|
Civil
State |
Unmarried |
SHAREHOLDERS/
PARTNERS COMPANIES
|
Trust
Nº. |
442169 |
|
NAME |
VELAN
INC |
|
Funtion |
Partner |
|
Trust
Nº. |
442176 |
|
NAME |
VELAN
VALVE COOPERATION |
|
Funtion |
Partner |
ACTIVITIES
|
Main
CAE |
28140-
Manufacture of other taps and valves |
BUSINESS
DESCRIPTION
Manufacture
of industrial steel valves for the chemical and petrochemical industry.
|
Type
of Clients |
Industries/
Private |
|
|
Companies |
|
Sales
Conditions |
Cash/credit |
GEOGRAPHIC
DISTRIBUTION OF SALES
|
|
INTERNAL MARKET |
INTERNATIONAL MARKET |
|
||||
|
YEAR |
|
|
EU |
|
EXTRA -EU |
|
TOTAL |
|
2016 |
47.679,80 |
0,84% |
3.556.104,85 |
62,88% |
2.051.632,89 |
36,28% |
5.655.417,54 |
|
2015 |
25.863,53 |
0,40% |
3.748.302,35 |
58,55% |
2.627.864,12 |
41,05% |
6.402.030,00 |
|
2014 |
21.040,76 |
0,30% |
3.895.076,60 |
55,88% |
3.053.960,21 |
43,82% |
6.970.077,57 |
|
2013 |
36.893,62 |
0,54% |
4.126.475,36 |
60,39% |
2.669.310,15 |
39,07% |
6.832.679,13 |
|
2012 |
18.676,77 |
0,29% |
4.630.091,65 |
70,81% |
1.890.207,04 |
28,91% |
6.538.975,46 |
GEOGRAPHIC
DISTRIBUTION OF PURCHASES
|
|
INTERNAL MARKET |
INTERNATIONAL MARKET |
|
||||
|
YEAR |
|
|
EU |
|
EXTRA-EU |
|
TOTAL |
|
2016 |
595.776,92 |
26,80% |
777.523,51 |
34,97% |
850.027,53 |
38,23% |
2.223.327,96 |
|
2015 |
591.959,21 |
17,80% |
1.202.275,71 |
36,16% |
1.531.098,76 |
46,04% |
3.325.333,68 |
|
2014 |
577.612,82 |
23,98% |
1.100.853,41 |
45,70% |
730.548,46 |
30,33% |
2.409.014,69 |
|
2013 |
910.423,94 |
18,36% |
2.255.312,16 |
45,48% |
1.792.968,16 |
36,16% |
4.958.704,26 |
|
2012 |
578.176,56 |
14,32% |
2.120.115,48 |
52,52% |
1.338.453,29 |
33,16% |
4.036.745,33 |
TRADE
MARKS
Velan
BANKS
AND FINANCIAL INSTITUTIONS
|
MILLENNIUM
BCP |
Lisboa-Castilho |
|
BANCO BILBAO VIZCAYA ARGENTARIA (PORTUGAL) |
SA sede |
|
BANKINTER
SA - SUCURSAL EM PORTUGAL |
Centro
de Empresas de Alverca |
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)
At
present date, the company is not in Social Security debt list
There
are no of incidents on our database
EMPLOYEES
|
YEAR |
TOTAL |
MEN |
|
WOMEN |
|
|
2016 |
49 |
45 |
92% |
4 |
8% |
|
2015 |
60 |
55 |
92% |
5 |
8% |
|
2014 |
62 |
57 |
92% |
5 |
8% |
|
2013 |
60 |
56 |
93% |
4 |
7% |
|
2012 |
54 |
50 |
93% |
4 |
7% |
INSURANCE
Axa
Companhia De Seguros SA
HEAD
OFFICE AND INSTALLATIONS
Has
head office Rua Ary dos Santos, 1685-886, FAMOES
Had
head office R ARY DOS SANTOS-FAMÕES, 2670, LOURES
FINANCIAL
DEMONSTRATION SNC
BALANCE SHEET SNC
|
COINEUROS |
|
|
|
YEAR:2016 |
|
|
2016 |
2015 |
2014 |
%VAR.2016/15 |
|
ASSET |
|
|
|
|
|
NON-CURRENT ASSETS |
|
|
|
|
|
Tangible
fixed assets |
1.355.899,21 |
1.369.996,55 |
1.328.130,81 |
(1,03)% |
|
Investment
properties |
- |
- |
- |
|
|
Goodwill |
- |
- |
- |
- |
|
Intangible
assets |
758,51 |
6.188,01 |
12.413,97 |
(87,74)% |
|
Biological
assets |
- |
- |
- |
- |
|
Financial
participations - patrimonial equity method |
- |
- |
- |
- |
|
Financial
participations - other methods |
- |
- |
- |
- |
|
Shareholders/partners |
- |
- |
- |
- |
|
Other
financial assets |
1.045,04 |
984,32 |
394,88 |
6,17% |
|
Deferred
tax assets |
350.498,23 |
372.345,82 |
285.542,32 |
(5,87)% |
|
Financial
investments(exclusive use by small entities and micro entities) |
- |
- |
- |
- |
|
Total |
1.708.200,99 |
1.749.514,70 |
1.626.481,98 |
(2.36)% |
|
CURRENT ASSETS |
|
|
|
|
|
Inventories |
2.273.997,43 |
2.844.919,53 |
2.975.695,55 |
(20,07)% |
|
Biological
assets |
- |
- |
- |
- |
|
Costumers |
1.598.056,47 |
1.987.406,78 |
2.309.370,08 |
(19,59)% |
|
Advances
to suppliers |
- |
- |
- |
- |
|
State
and other public entities |
94.550,21 |
325.867,82 |
126.093,73 |
(70,99)% |
|
Shareholders/partners |
- |
- |
- |
- |
|
Other
accounts receivable |
16.746,27 |
82.771,76 |
46.256,54 |
(79,77)% |
|
Deferrals |
13.918,37 |
10.125,55 |
14.249,25 |
37,46% |
|
Financial
assets held for trading |
- |
- |
- |
- |
|
Other
financial assets |
- |
- |
- |
- |
|
Non-current
assets held for sale |
- |
- |
- |
- |
|
Other
current assets |
- |
- |
- |
- |
|
Cashier
and bank deposits |
6.888.779,31 |
4.972.754,39 |
4.700.819,29 |
38,53% |
|
Total |
10.886.048,06 |
10.223.845,83 |
10.172.484,44 |
6 ,48 % |
|
TOTAL ASSET |
12.594.249,05 |
11.973.360,53 |
11.798.966,42 |
5,19% |
|
SHAREHOLDERS FUNDS
AND LIABILITIES |
|
|
|
|
|
SHAREHOLDERS
FUNDS |
|
|
|
|
|
Capital |
798.076,64 |
798.076,64 |
798.076,64 |
- |
|
Own
shares |
- |
- |
- |
- |
|
Other
shareholders funds instruments |
1.216.901,39 |
1.216.901,39 |
1.216.901,39 |
- |
|
Emission
premiuns |
- |
- |
- |
- |
|
Legal
reserves |
181.661,76 |
181.661,76 |
181.661,76 |
- |
|
Other
reserves |
- |
- |
- |
- |
|
Net
retained |
8.728.244,60 |
8.136.284,44 |
6.948.549,37 |
7,28% |
|
Adjustments
on financial assets |
- |
- |
- |
- |
|
Revaluation
surplus |
22.121,89 |
22.121,89 |
22.121,89 |
- |
|
Other
shareholders funds changes |
- |
- |
50,57 |
- |
|
Total |
10.947.006,28 |
10.355.046,12 |
9.167.361,62 |
5,72% |
|
Net
income for the period |
844.193,55 |
591.960,16 |
1.187.735,07 |
42,61% |
|
Antecipated
dividends |
- |
- |
- |
- |
|
TOTAL OF
SHAREHOLDERS FUNDS |
11.791.199,83 |
10.947.006,28 |
10.355.096,69 |
7,71% |
|
LIABILITY |
|
|
|
|
|
NON-CURRENT
LIIABILITIES |
|
|
|
|
|
Provisions |
65.000,00 |
226.828,84 |
9.545,46 |
(71,34)% |
|
Financing
obtained |
24.937,30 |
41.039,09 |
- |
(39,24)% |
|
Responsability
for post-employment beneficts |
- |
- |
- |
- |
|
Diferred
taxes liabilities |
- |
- |
14,68 |
- |
|
Other
payable accounts |
7.706,06 |
17.477,08 |
27.324,18 |
(55,91)% |
|
Total |
97
.643 ,36 |
285
.345 ,01 |
36
.884 ,32 |
(65,78)% |
|
CURRENT LIABILITIES |
|
|
|
|
|
Suppliers |
221.021,05 |
156.990,16 |
444.365,76 |
40,79% |
|
Advances
from costumers |
- |
11.067,02 |
20.216,55 |
- |
|
State
and other public entities |
56.416,97 |
54.297,98 |
292.127,54 |
3,90% |
|
Shareholders/partners |
- |
- |
- |
- |
|
Financing
obtained |
16.093,33 |
15.759,73 |
- |
2,12% |
|
Other
payable accounts |
406.522,67 |
497.542,51 |
643.737,71 |
(18,29)% |
|
Deferrals |
5.351,84 |
5.351,84 |
6.537,85 |
- |
|
Financial
liabilities held for trading |
- |
- |
- |
- |
|
Other
financial liabilities |
- |
- |
- |
- |
|
Non-current
liabilities held for sale |
- |
- |
- |
- |
|
Other
current liabilities |
- |
- |
- |
- |
|
Total |
705.405,86 |
741.009,24 |
1.406.985,41 |
(4,80)% |
|
TOTAL
LIABILITIES |
803.049,22 |
1.026.354,25 |
1.443.869,73 |
(21,76)% |
|
TOTAL
SHAREHOLDERS FUNDS AND LIABILITIES |
12.594.249,05 |
11.973.360,53 |
11.798.966,42 |
5,19% |
INCOME STATEMENT
|
INCOME
AND EXPENSES |
|
|
|
|
|
Sales
and services |
5.655.417,54 |
6.402.030,00 |
6.970.077,57 |
(11,66)% |
|
Operating
government grants |
1.059,61 |
3.990,93 |
1.422,48 |
(73,45)% |
|
Gains/losses
allocated subsidiaries, associates and joint ventures |
- |
- |
- |
- |
|
Variation
in production inventories |
(298.655,16) |
10.034,07 |
(382.661,84) |
(3.076,41)% |
|
Work
for the entity itself |
- |
- |
- |
- |
|
Cost
of goods sold and materials consumed |
1.952.454,92 |
2.714.518,34 |
2.599.224,23 |
(28,07)% |
|
Suppliers
and external services |
478.411,52 |
592.660,97 |
611.443,10 |
(19,28)% |
|
Personnel
costs |
1.458.879,31 |
1.723.799,97 |
1.740.523,98 |
(15,37)% |
|
Impairment
of inventories (losses/revearsals) |
64.728,46 |
158.964,46 |
66.505,85 |
(59,28)% |
|
Impairment
of receivables (losses/revearsals) |
- |
- |
- |
- |
|
Provisions
(increases/reductions) |
36.186,17 |
217.283,38 |
9.545,46 |
(83,35)% |
|
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 |
176.685,58 |
335.480,58 |
557.780,61 |
(47,33)% |
|
Other
expenses and losses |
126.856,98 |
177.124,04 |
161.780,42 |
(28,38)% |
|
Result before
depreciation, financing costs and taxes |
1.416.990,21 |
1.167.184,42 |
1.957.595,78 |
21,40% |
|
Expenses/reversals
of depreciation and amortization |
304.242,05 |
372.175,72 |
308.617,72 |
(18,25)% |
|
Impairment
of investments depreciable/amortizable (losses/reversals) |
- |
- |
- |
- |
|
Operating result
(before financing costs and taxes) |
1.112.748,16 |
795.008,70 |
1.648.978,06 |
39,97 % |
|
Interest
and similar income obtained |
- |
- |
- |
- |
|
interest
and similar expenses incurred |
991,96 |
850,64 |
187,31 |
16,61% |
|
Net before taxes |
1.111.756,20 |
794.158,06 |
1.648.790,75 |
39,99% |
|
Income
tax of the period |
267.562,65 |
202.197,90 |
461.055,68 |
32,33% |
|
Net profit for the
period |
844.193,55 |
591.960,16 |
1.187.735,07 |
42,61% |
|
Results of discontinued operations (net of
taxes) included in the net income of the period |
- |
- |
- |
- |
RATIOS
SNC
|
YEAR |
2016 |
2015 |
2014 |
|
Shareholder's Funds Profitability (Net Income / Shareholders Funds) (%) |
7,16 |
5,41 |
11,47 |
|
Return
on Assets (Operating Result/ Total Asset)(%) |
8,84 |
6,64 |
13,98 |
|
Sales
Net Profitability (Net Income / Sales) (%) |
14,93 |
9,25 |
17,04 |
|
EFFICIENCY RATIOS |
|
|
|
|
Medium
Term Receivable (Costumers / Sales) *
365 (d) |
103,14 |
113,31 |
120,93 |
|
Medium
Term Payable (Suppliers / Purchases + Suppliers and external services)*365
(d) |
36,28 |
17,23 |
67,33 |
|
Asset
Rotation (Sales / Toral Asset) (%) |
44,90 |
53,47 |
59,07 |
|
PRODUCTIVITY RATIOS |
|
|
|
|
Gross
Added Value / Employee (#) |
60.750,70 |
54.453,87 |
60.873,73 |
|
Sales
/ Employee (#) |
115.416,68 |
106.700,50 |
112.420,61 |
|
Productivity
(Gross Added Value / Personnel costs)
(#) |
2,04 |
1,90 |
2,17 |
|
SHORT TERM RATIOS |
|
|
|
|
General Liquidity (Current Assets / Current Liabilities) (#) |
15,43 |
13,80 |
7,23 |
|
Reduced
Liquidity (Current Assets -
Inventories / Current Liabilities) (#) |
12,21 |
9,96 |
5,12 |
|
Immediate
Liquidity (Cashier and bank
deposits / Current Liabilities)
(#) |
9,77 |
6,71 |
3,34 |
|
MEDIUM LONG TERM
RATIOS |
|
|
|
|
Financial
Autonomy (Shareholders Funds / Total Asset) (%) |
93,62 |
91,43 |
87,76 |
|
Solvability(Shareholders Funds
/ Total Liabilities) (%) |
1.468,30 |
1.066,59 |
717,18 |
|
Debt Structure (Current Liabilities / Total Liabilities) (%) |
87,84 |
72,20 |
97,45 |
|
General
Debt (Total Liabilities / Total Asset)
(%) |
6,38 |
8,57 |
12,24 |
|
Debt
Capacity (Shareholders Funds/ Shareholders Funds + Non Current
Liabilities)(%) |
99,18 |
97,46 |
99,65 |
|
Capital
Structure (Shareholder's Funds / Non Current Liabilities) (%) |
12.075,78 |
3.836,41 |
28.074,52 |
|
OPERATIONAL AND
FINANCIAL RISK |
|
|
|
|
Operational Leverage Level (OLL) (Gross Margin/ Operating Result) (#) |
3,33 |
4,64 |
2,65 |
|
Financial
Leverage Level (FLL) (Gross Operating Profit/ Operating Result) (#) |
1,00 |
1,00 |
1,00 |
|
Combined
Leverage Level (OLLx FLL) (#) |
3,33 |
4,64 |
2,65 |
CASH
FLOW STATEMENT
|
RUBRICS |
2016 |
2015 |
PERIODS |
|
CASH
FLOWS FROM OPERATIONAL ACTIVITIES |
|
|
|
|
Customers
receipts |
6.262.732,09 |
6.813.984,25 |
(8,09)% |
|
Payments
to suppliers |
2.501.500,67 |
4.000.178,19 |
(37,47)% |
|
Payments
to employees |
1.641.569,70 |
1.666.121,24 |
(1,47)% |
|
Cash
at bank generated from operations |
2.119.661,72 |
1.147.684,82 |
84,69% |
|
Payment/receipt ofincome tax |
(228.138,66) |
(603.809,82) |
62,22% |
|
Other
receipts/payments |
369.552,21 |
177.144,00 |
108,62% |
|
Cash Flows from
Operational Activities (A) |
2.261.075,27 |
721.019,00 |
213,59% |
|
|
|
|
|
|
CASH FLOWS'
INVESTMENT ACTIVITIES |
|
|
|
|
Payments regarding: |
|
|
|
|
Fixed
tangible assets |
329.460,02 |
439.971,00 |
(25,12)% |
|
Intangible
assets |
- |
- |
- |
|
Financial
investments |
- |
- |
- |
|
Other
assets |
- |
- |
- |
|
Receipts
from: |
|
|
|
|
Fixed
tangible assets |
- |
- |
- |
|
Intangible
assets |
- |
- |
- |
|
Financial
investments |
- |
- |
- |
|
Other
assets |
- |
- |
- |
|
Investment
subsidies |
- |
- |
- |
|
Interest and similar income |
6.837,79 |
8.822,98 |
(22,50)% |
|
Dividends |
- |
- |
- |
|
Cash Flows'
Investments Activities (B) |
(322.622,23) |
(431.148,02) |
25,17% |
|
|
|
|
|
|
CASH FLOWS' INVESTMENT
ACTIVITIES |
|
|
|
|
Receipts
from: |
|
|
|
|
Obtained
financing |
- |
- |
- |
|
Paying-up
of capital and other equity instruments |
- |
- |
- |
|
Coverage
of losses |
- |
- |
- |
|
Donations |
- |
- |
- |
|
Other
financing operations |
- |
- |
- |
|
Payments
regarding: |
|
|
|
|
Obtained
financing |
15.768,19 |
12.891,05 |
22,32% |
|
Interests and similar expenses |
991,96 |
850,64 |
16,61% |
|
Dividends |
- |
- |
- |
|
Capital's redution and other equity instruments |
- |
- |
- |
|
Other
financing operations |
- |
- |
- |
|
Cash Flows'
Financing Activities (C) |
(16.760,15) |
(13.741,69) |
(21,97)% |
|
|
|
|
|
|
Variation in cash
at bank and its equivalents (A+B+C) |
1.921.692,89 |
276.129,29 |
595,94% |
|
|
|
|
|
|
Effect of exchange differences |
(5.667,20) |
(4.194,67) |
(35,10)% |
|
Cash
at bank and its equivalents at the start of period |
4.972.753,62 |
4.700.819,29 |
5,78% |
|
Cash at bank and its equivalents at the end
of period |
6.888.779,31 |
4.972.753,91 |
38,53% |
CASH
FLOWS
MOVIMENTOS DO PERIODO
DE 2016
|
RUBRICS |
INITIAL BALANCE |
DEBITS |
CREDITS |
FINAL BALANCE |
|
PERIOD'S
CARRYING AMOUNT AND MOVEMENTS |
|
|
|
|
|
Cash
in hand |
519,20 |
7.829,55 |
7.941,68 |
407,07 |
|
Order
deposits |
1.277.333,24 |
16.112.852,65 |
12.768.736,46 |
4.621.449,43 |
|
Other
bank deposits |
3.694.901,95 |
2.002.020,86 |
3.430.000,00 |
2.266.922,81 |
|
Total
cash at bank and bank deposits |
4.972.754,39 |
18.122.703,06 |
16.206.678,14 |
6.888.779,31 |
|
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 2016
|
|
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 |
RECOGNIZED IN EQUITY |
TOTAL |
|
Individual
assets |
|
|
|
|
|
|
|
Fixed
tangible assets |
0,00 |
- |
- |
0,00 |
- |
- |
|
Goodwill |
- |
- |
- |
0,00 |
- |
- |
|
Intangible
assets |
0,00 |
- |
- |
0,00 |
- |
- |
|
Investment properties (cost model) |
0,00 |
- |
- |
0,00 |
- |
- |
|
Investments
in progress |
0,00 |
- |
- |
0,00 |
- |
- |
|
Financial
investments |
0,00 |
- |
- |
0,00 |
- |
- |
|
TOTAL |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
of
which: cash-generating units |
0,00 |
- |
- |
0,00 |
- |
- |
GOVERNMENT GRANTS AND GOVERNMENT ASSISTANCE
|
|
GRANTS FROM STATE AND OTHER PUBLIC BODIES |
GRANTS FROM OTHER ENTITIES |
||
|
RUBRICS |
VALUE ASSIGNED N THE PERIOD OR IN PREVIOUS |
VALUE ATTRIBUTED TO |
VALUE ASSIGNED N THE PERIOD OR IN PREVIOUS |
VALUE ATTRIBUTED TO |
|
|
PERIODS |
|
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 |
- |
1.059,61 |
- |
- |
|
Value
of repayments in the period: |
- |
0,00 |
- |
0,00 |
|
Grants related to assets/investment |
- |
- |
- |
- |
|
Grants
related to income / operating |
- |
- |
- |
- |
|
TOTAL |
- |
1.059,61 |
- |
0,00 |
IMPAIRMENT LOSSES IN FINANCIAL ASSETS AT
COST OR AT AMORTIZED COST
|
|
MOVIMENTOS DO PERIODO DE 2016 |
||
|
RUBRICS |
IMPAIRMENT LOSSES
|
IMPAIRMENT LOSSES |
TOTAL |
|
Receivable
debts from customers |
- |
- |
0,00 |
|
Other
receivables |
- |
- |
0,00 |
|
Equity
instruments and other securities |
- |
- |
0,00 |
|
Others |
- |
- |
0,00 |
|
TOTAL |
0,00 |
0,00 |
0,00 |
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 |
EMPLOYEES |
HOURS WORKED |
|
Company employees, paid and unpaid |
49 |
88.976 |
|
Paid
company employees |
49 |
88.976 |
|
Company
UNPAID employees |
0 |
0 |
|
Company
employees, by type of working hours |
|
|
|
Full
time company employees |
48 |
87.653 |
|
Of
which: Full time company employees |
48 |
87.653 |
|
Part time company employees |
1 |
1.323 |
|
Of
which: Part time company employees |
1 |
1.323 |
|
Company
employees, by gender: |
|
|
|
Men |
45 |
81.344 |
|
Women |
4 |
7.632 |
|
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 |
|
1.458.879,31 |
|
Governance
Bodies Remuneration |
|
- |
|
Of
which: Profit-sharing |
|
- |
|
Employees
remuneration |
|
1.106.168,17 |
|
Of
which: Profit-sharing |
|
110.000,00 |
|
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 |
|
231.599,04 |
|
Insurance
for accidents at work and professional
diseases |
|
18.819,02 |
|
Social
security expenses |
|
97.557,08 |
|
Other staff costs |
|
4.736,00 |
|
Of which: |
|
|
|
Expenditure on
education |
|
4.736,00 |
|
Expenditure
on uniforms |
|
- |
INFORMATION
BY GEOGRAPHIC MARKETS
|
|
GEOGRAPHIC MARKETS |
|||
|
RUBRICS |
INTERNAL |
EU |
EXTRA-EU |
TOTAL |
|
Sales |
47.679,80 |
3.466.648,77 |
1.906.224,81 |
5.420.553,38 |
|
Services
provided |
- |
89.456,08 |
145.408,08 |
234.864,16 |
|
Purchases |
161.610,23 |
734.730,68 |
848.575,53 |
1.744.916,44 |
|
Supplies and external services |
434.166,69 |
42.792,83 |
1.452,00 |
478.411,52 |
|
Acquisition
of fixed tangible assets |
120.722,09 |
163.993,12 |
- |
284.715,21 |
|
Acquisition
of investment properties |
- |
- |
- |
0,00 |
|
Acquisition
of intangible assets |
- |
- |
- |
0,00 |
|
Supplementary
income: |
18.188,93 |
0,00 |
0,00 |
18.188,93 |
|
Social
services |
- |
- |
- |
0,00 |
|
Equipment
rental |
18.188,93 |
- |
- |
18.188,93 |
|
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 |
2016 |
2015 |
PERIODS |
|
CUSTOMERS |
|
|
|
|
Trade
accounts receivable |
1.598.056,47 |
1.987.406,78 |
(19,59)% |
|
Trade
notes receivable |
- |
- |
- |
|
Advances received from customers |
- |
11.067,02 |
- |
|
SUPPLIERS |
|
|
|
|
Trade
accounts payable |
217.067,52 |
150.032,01 |
44,68% |
|
Trade
notes payable |
- |
- |
- |
|
Trade
accounts payable - unchecked invoices |
3.953,53 |
6.958,15 |
(43,18)% |
|
Advances
to suppliers |
- |
- |
- |
|
STAFF |
|
|
|
|
Payable
remunerations |
3.189,16 |
382,10 |
734,64% |
|
Advanced
payments |
- |
990,00 |
- |
|
Bonds |
- |
- |
- |
|
Other
operations |
- |
- |
- |
|
STATE AND OTHER
PUBLIC SECTOR INSTITUTIONS |
|
|
|
|
Income
Tax |
(10.838,07) |
90.331,02 |
(112,00)% |
|
Deductible
IVA (debt cumulative amounts) |
586.499,84 |
761.619,60 |
(22,99)% |
|
Paid
IVA (credit cumulative amounts) |
252.423,45 |
331.855,78 |
(23,94)% |
|
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 |
443,76 |
3.678,80 |
(87,94)% |
|
additional expenses - Creditors |
354.999,74 |
398.296,28 |
(10,87)% |
|
Deferred
tax assets |
350.498,23 |
372.345,82 |
(5,87)% |
|
Deferred
tax liabilities |
- |
- |
- |
|
Unreleased
subscriptions - Creditors |
- |
- |
- |
|
Advances received on account of sales |
- |
- |
- |
|
OTHER
DEBTORS AND CREDITORS |
|
|
|
|
Other
debtors |
16.302,51 |
78.102,96 |
(79,13)% |
|
Other
creditors |
82,82 |
- |
- |
EXPENSE
ACCOUNTS
|
RUBRICS |
2016 |
2015 |
PERIODS |
|
Supplies and external services |
478.411,52 |
592.660,97 |
(19,28)% |
|
Subcontracts |
210,00 |
- |
- |
|
Specialized
services |
78.115,36 |
138.534,13 |
(43,61)% |
|
Specialized
works |
27.608,62 |
28.828,73 |
(4,23)% |
|
Of
which: Payments to workers placed through agencies |
- |
- |
- |
|
Advertising
and promotion |
- |
- |
- |
|
Surveillance
and security |
7.927,71 |
8.035,55 |
(1,34)% |
|
Fees |
2.810,00 |
35.009,70 |
(91,97)% |
|
Comissions |
- |
- |
- |
|
Maintenance
and repairs |
39.769,03 |
66.660,15 |
(40,34)% |
|
Others |
- |
- |
- |
|
Materials |
137.575,25 |
199.460,34 |
(31,03)% |
|
Fast
wear tools and utensils |
39.963,91 |
60.525,04 |
(33,97)% |
|
Books and technical documentation |
641,46 |
1.024,23 |
(37,37)% |
|
Office
material |
6.687,47 |
5.633,14 |
18,72% |
|
Gift
items |
711,50 |
100,00 |
611,50% |
|
Others |
89.570,91 |
132.177,93 |
(32,23)% |
|
Energy
and fluids |
84.367,68 |
97.491,20 |
(13,46)% |
|
Electricity |
60.970,32 |
67.704,24 |
(9,95)% |
|
Fuels |
14.439,42 |
14.491,06 |
(0,36)% |
|
Water |
2.112,26 |
2.094,52 |
0,85% |
|
Others |
6.845,68 |
13.201,38 |
(48,14)% |
|
Travel, lodging and transportation |
67.601,19 |
49.005,69 |
37,95% |
|
Travel
and lodging |
61.448,30 |
27.638,45 |
122,33% |
|
Transport
of personnel |
- |
- |
- |
|
Transport
of goods |
6.152,89 |
21.367,24 |
(71,20)% |
|
Others |
- |
- |
- |
|
Different
services |
110.542,04 |
108.169,61 |
2,19% |
|
Rents
and leases |
42.885,37 |
41.448,38 |
3,47% |
|
Of
which: Rents from land |
- |
- |
- |
|
Communication |
19.033,05 |
16.652,22 |
14,30% |
|
Insurance |
18.368,71 |
15.696,24 |
17,03% |
|
Royalties |
- |
- |
- |
|
Litigation
and Notaries |
257,00 |
1.229,06 |
(79,09)% |
|
Representation
expenses |
1.247,89 |
2.775,12 |
(55,03)% |
|
Cleaning, hygiene and comfort |
10.284,58 |
10.305,03 |
(0,20)% |
|
Other
services |
18.465,44 |
20.063,56 |
(7,97)% |
|
|
|
|
|
|
|
|
|
|
DELIBERATION
OF APPROVAL OF ACCOUNTS
Were the financial
year's accounts approved?
YES
Data da Aprovação:
19-05-2017
By
(Unanimity/Majority):
Unanimity
Percentage of issued
votes related to the share capital subscribed with voting right
100
The accounts were
approved:
In
general meeting regularly convoked
The accounts were
approved:
In
POC/SNC/NCM (National Plan of Accounts/Accounting Normalization
System/Accounting Normalization for micro entities)
PROFIT APLICATION ACCORDING TO THE
DELIBERATION THAT APPROVED THE FINANCIAL YEAR'S ACCOUNTS
|
RUBRICS |
2016 |
2015 |
|
Retained
earnings |
9.572.438,15 |
8.728.244,60 |
|
Allocated
results / Available profits |
0,00 |
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) |
9.572.438,15 |
8.728.244,60 |
MANAGEMENT REPORT / ASSESSMENT OF THE
INSPECTION BODY / LEGAL CERTIFICATION OF ACCOUNTS
MANAGEMENT REPORT
Were the Management
Report and financial year's accounts prepared?
YES
Were the management
report and the financial year's accounts signed by all members of the
management / administration?
YES
ASSESSMENT OF THE
INSPECTION BODY
The entity has an
inspection body?
NO
Has the inspection
body issued an assessment?
Information
Available
The inspection body
pronounced:
Information
Available
LEGAL CERTIFICATION
OF ACCOUNTS (CLC)
Is the entity
required to have certified accounts by a Statutory Auditor/Statutory Audit
Firm?
YES
Identificação do ROC:
506628752
Was the Legal
certification of accounts issued?
YES
Without
reservation
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.02 |
|
|
1 |
INR 91.49 |
|
Euro |
1 |
INR 79.79 |
|
EUR |
1 |
INR 79.77 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.