|
|
|
MIRA
INFORM REPORT
|
Report No. : |
503032 |
|
Report Date : |
13.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
RISATEL-SOCIEDADE COMERCIAL DE FIOS TEXTEIS LDA |
|
|
|
|
Registered Office : |
Rua Do Vilar Nr. 675 Santiago Do Candoso,
4835-256-Guimaraes, Guimaraes, Braga |
|
|
|
|
Country : |
Portugal |
|
|
|
|
Financials (as on) : |
2016 |
|
|
|
|
Date of Incorporation : |
02.12.1997 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Wholesale trade of textiles |
|
|
|
|
No. of Employees : |
23 |
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 : |
Regular |
|
|
|
|
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
RISATEL-SOCIEDADE COMERCIAL DE FIOS TEXTEIS LDA
FINANCIAL HIGHLIGHTS
|
|
2014 |
2015 |
2016 |
|
net sales |
26.187.983,30 |
30.514.615,86 |
31.036.608,92 |
|
net income for the year |
332.500,18 |
306.032,49 |
342.712,73 |
|
shareholders funds |
6.133.290,30 |
6.439.322,79 |
6.182.035,52 |
|
stocks |
13.174.168,56 |
14.751.745,42 |
13.999.108,81 |
|
liability |
18.761.987,42 |
21.249.665,00 |
23.582.716,11 |
|
assets |
24.895.277,72 |
27.688.987,79 |
29.764.751,63 |
SUMMARY
|
Legal Form |
Private Limited Company |
|
Constitution |
02-12-1997 |
|
V.A.T. Number / NIF |
504024477 |
|
Employees |
23 |
|
Capital |
3.000.000,00 |
|
Sales in :
31-12-2016 |
31.036.608,92 |
|
Shareholders
Funds in: 31-12-2016 |
6.182.035,52 |
|
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
SUMMARY
OF CLAIMS (LAST 5 YEARS)
|
YEAR |
QUANTITY |
TOTAL |
|
|
|
€ |
|
2016 |
1 |
51.782,08 |
|
Total |
1 |
51.782,08 |
|
BUSINESS
CONCEPT |
--
IDENTIFICATION |
|
|
Name |
RISATEL-SOCIEDADE COMERCIAL DE FIOS TEXTEIS LDA |
|
Trust N°. |
412060 |
|
V.A.T. Number / NIF |
504024477 |
|
Address |
Rua Do Vilar Nr. 675 Santiago do Candoso |
|
Postal Code |
4835-256-GUIMARAES |
|
Municipality |
GUIMARAES |
|
District |
BRAGA |
|
Country |
Portugal |
|
Telephone |
253520730, 253520734 |
|
Fax |
253520739 |
|
|
|
|
Web Site |
|
|
CAE Main |
46410- Wholesale trade of textiles |
MANAGEMENT BODIES |
|
|
VITOR VALDEMAR TEIXEIRA RIBEIRO Managing-Partner |
|
|
JOAO NUNO DA CUNHA GUIMARAES SANTOALHA Manager |
|
LEGAL STRUCTURE
Registed on the Register Record Office of Guimaraes with the Register Number 504024477 previous number 5738 in 21-11-1997
Constitution celebrated in 02-12-1997 published on Diario da Republica number 18 of 22-01-1998
To oblige the company it is necessary 2 signature
CHANGES TO SOCIETY
In 26-07-2017 on Portal MJ of 26-07-2017 annual financial statements
In 22-07-2016 on Portal MJ of 22-07-2016 annual financial statements
In 07-07-2015 on Portal MJ of 07-07-2015 annual financial statements
In 08-07-2014 on Portal MJ of 08-07-2014 annual financial statements
In 28-11-2013 on Portal MJ of 10-12-2013 manager change
In 21-11-2013 on Portal MJ of 21-11-2013 update of the Head Office Village
In 04-07-2013 on Portal MJ of 04-07-2013 annual financial statements
In 06-07-2012 on Portal MJ of 06-07-2012 annual financial statements
In 25-01-2010 on Portal MJ of 26-01-2010 increase of capital
In 31-01-2001 on Diário da República number 60 of 12-03-2001 increase of capital
CAPITAL
The Capital is 3.000.000,00
with the following distribution
|
VITOR VALDEMAR TEIXEIRA RIBEIRO |
1.500.000,00 |
50% |
|
MARIA ALEXANDRA PINHEIRO JORDAO SANTOALHA |
1.500.000,00 |
50% |
BIOGRAPHIES
|
Name |
MARIA ALEXANDRA PINHEIRO JORDAO SANTOALHA |
|
Funtion |
Partner |
|
Address |
Avenida D. João IV - Quinta do Campo, Lote 6 |
|
Locality |
4810-535 GUIMARAES |
|
Civil State |
Married |
|
Consort |
João Nuno da Cunha Guimarães Santoalha |
|
Historical of Professional |
|
|
|
Connections and Participations The subject had links with
the following company(ies): |
|
|
LETASIR-IMOBILIARIA LDA como Gerente. |
|
Links to others companies |
The subject has connections with the following company
(ies) |
|
|
IMOPRADOS-INVESTIMENTOS IMOBILIARIOS SA as Board of
Director's Member . |
|
Name |
VITOR VALDEMAR TEIXEIRA RIBEIRO |
|
Funtion |
Managing-Partner |
|
Address |
Rua Dr.José Sampaio, 761 |
|
Locality |
4810-275 GUIMARAES |
|
Naturality |
Costa - Guimarães |
|
Civil State |
Married |
|
Consort |
Lúcia de Fátima de Freitas Ribeiro |
|
Previous Connections |
Exerceu a sua actividade como empresário em nome
individual. |
|
Histoiical oi I loiessional Connections and Participations |
The subject had links with the following company(ies): |
|
|
POSSIBLE LEVEL-LDA como Socio Gerente. |
|
Links to others companies |
The subject has connections with the following company
(ies) |
|
|
MULTIFIBRAS-COMERCIO E IMPORTACAO DE FIOS LDA as
Managing-Partner with a participation of 49.879,79 , in a capital of
99.759,58 . |
|
|
LETASIR-IMOBILIARIA LDA as Managing-Partner with a
participation of 100.000,00 , in a capital of 200.000,00 . |
|
|
FIBRATEL-COMERCIO DE TEXTEIS LDA as Managing-Partner with
a participation of 25.000,00 , in a capital of 50.000,00 . |
|
|
VIMARDOMUS-INVESTIMENTOS IMOBILIARIOS SA as Administrator
. |
|
|
RISAFO-COMERCIO E INVESTIMENTOS SA as Board of □rector's
President . |
|
|
MEROOFICINA-ARQUITECTOS LDA as
Managing-Partner with a participation of 64.000,00 , in a capital of
160.000,00 . |
|
|
INSIDEPROGRESS-IMOBILIARIA LDA
as Managing-Partner with a participation of 12.500,00 , in a capital of
25.000,00 . |
|
Name |
JOAO NUNO DA CUNHA GUIMARAES
SANTOALHA |
|
Funtion |
Manager |
|
Address |
Avenida D. Joao IV - Quinta do Campo, Lote 6 |
|
Locality |
4810-535 GUIMARAES |
|
Naturality |
Sao Sebastiao - Guimaraes |
|
Civil State |
Married |
|
Consort |
Maria Alexandra Pinheiro Jordao Santoalha |
|
Previous Connections |
Exerceu a sua actividade como empresario em nome
individual. |
|
Historical of Professional Connections and Participations |
The subject had links with the following company(ies): |
|
|
POSSIBLE LEVEL-LDA como Socio Gerente. |
|
Links to others companies |
The subject has connections with the following company
(ies) |
|
|
LETASIR-IMOBILIARIA LDA as Managing-Partner with a
participation of 100.000,00 , in a capital of 200.000,00 . |
|
|
FIBRATEL-COMERCIO DE TEXTEIS LDA as Managing-Partner with
a participation of 25.000,00 , in a capital of 50.000,00 . |
|
|
VIMARDOMUS-INVESTIMENTOS IMOBILIARIOS SA as Administrator
. |
|
|
RISAFO-COMERCIO E INVESTIMENTOS SA as Administrator . |
|
|
IMOPRADOS-INVESTIMENTOS IMOBILIARIOS SA as Board of
□rector's President . |
ACTIVITIES
|
Main CAE |
|
46410- Wholesale trade of textiles |
|
BUSINESS
DESCRIPTION |
|
Comércio e importação de fios para todos os ramos da indústria têxtil |
GEOGRAPHIC DISTRIBUTION OF SALES
|
INTERNAL MARKET |
INTERNATIONAL MARKET |
||||||
|
YEAR |
|
|
EU |
|
EXTRA-EU |
|
TOTAL |
|
2016 |
28.552.657,77 |
92,00% |
1.166.927,72 |
3,76% |
1.317.023,43 |
4,24% |
31.036.608,92 |
|
2015 |
28.479.287,25 |
93,33% |
1.125.968,08 |
3,69% |
909.360,53 |
2,98% |
30.514.615,86 |
|
2014 |
24.820.681,16 |
94,78% |
1.054.558,60 |
4,03% |
312.743,54 |
1,19% |
26.187.983,30 |
|
2013 |
26.002.115,50 |
99,53% |
121.865,01 |
0,47% |
0,00 |
0,00% |
26.123.980,51 |
|
2012 |
24.807.986,50 |
95,32% |
1.218.605,01 |
4,68% |
0,00 |
0,00% |
26.026.591,51 |
GEOGRAPHIC DISTRIBUTION OF PURCHASES
|
INTERNAL MARKET |
INTERNATIONAL MARKET |
||||||
|
YEAR |
|
|
EU |
|
EXTRA-EU |
|
TOTAL |
|
2016 |
5.095.227,46 |
17,59% |
31.978,73 |
0,11% |
23.841.717,29 |
82,30% |
28.968.923,48 |
|
2015 |
4.866.815,25 |
15,77% |
128.670,34 |
0,42% |
25.858.465,82 |
83,81% |
30.853.951,41 |
|
2014 |
5.147.834,06 |
17,88% |
396.984,86 |
1,38% |
23.241.431,04 |
80,74% |
28.786.249,96 |
|
2013 |
5.436.194,97 |
20,36% |
426.777,37 |
1,60% |
20.841.024,25 |
78,04% |
26.703.996,59 |
|
2012 |
6.104.656,15 |
24,71% |
639.772,95 |
2,59% |
17.959.421,11 |
72,70% |
24.703.850,21 |
BANKS AND FINANCIAL INSTITUTIONS
|
BANCO SANTANDER TOTTA SA |
Centro de Empresas de Guimarães |
|
BANCO BIC PORTUGUES SA |
Centro de Empresas de Guimarães |
|
CAIXA GERAL DE DEPOSITOS, SA |
Guimarães |
|
BANKINTER SA - SUCURSAL EM PORTUGAL |
Guimarães |
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
SUMMARY
OF CLAIMS (LAST 5 YEARS)
|
YEAR |
QUANTITY |
TOTAL |
|
|
|
€ |
|
2016 |
1 |
51.782,08 |
|
Total |
1 |
51.782,08 |
|
LEGAL
ACTIONS |
|
|
|
Date |
17-06-2016 |
|
|
Process |
2823/16.0T8BRG |
|
|
Author |
João António Lima, Malhas, Lda, |
|
|
Type |
Common Process Action |
|
|
Amount |
51.782,08 |
|
|
Judicial District |
Braga - Trib. Jud. Com. de Braga |
|
EMPLOYEES
|
YEAR |
TOTAL |
MEN |
|
WOMEN |
|
|
2016 |
23 |
18 |
78% |
5 |
22% |
|
2015 |
23 |
18 |
78% |
5 |
22% |
|
2014 |
21 |
17 |
81% |
4 |
19% |
|
2013 |
22 |
18 |
82% |
4 |
18% |
|
2012 |
23 |
19 |
83% |
4 |
17% |
INSURANCE
Companhia Seguros Allianz Portugal SA
HEAD OFFICE AND INSTALLATIONS
Head office Rua Do Vilar Nr. 675 Santiago do Candoso,
4835-256, GUIMARAES, Tel:253520730, Fax:253520739 Had head office Avenida D.
Afonso Henriques, 228, 4810, GUIMARAES
FINANCIALS
FINANCIAL
DEMONSTRATION SNC
BALANCE SHEET SNC
|
COINEUROS |
|
|
|
YEAR:2016 |
|
|
2016 |
2015 |
2014 |
% VAR.2016/15 |
|
ASSET |
|
|
|
|
|
NON-CURRENT ASSETS |
|
|
|
|
|
Tangible fixed assets |
806.440,27 |
838.293,24 |
1.462.830,22 |
(3,80)% |
|
Investment properties |
- |
- |
- |
- |
|
Goodwill |
- |
- |
- |
- |
|
Intangible assets |
- |
- |
- |
- |
|
Biological assets |
- |
- |
- |
- |
|
Financial participations - patrimonial equity method |
- |
- |
- |
- |
|
Financial participations - other methods |
- |
- |
- |
- |
|
Shareholders/partners |
- |
- |
- |
- |
|
Other financial assets |
- |
- |
- |
- |
|
Deferred tax assets |
- |
- |
- |
- |
|
Financial investments(exclusive use by small entities and
micro entities) |
- |
- |
- |
- |
|
Total |
806.440,27 |
838.293,24 |
1.462.830,22 |
(3,80)% |
|
CURRENT ASSETS |
|
|
|
|
|
Inventories |
13.999.108,81 |
14.751.745,42 |
13.174.168,56 |
(5,10)% |
|
Biological assets |
- |
- |
- |
- |
|
Costumers |
12.837.981,78 |
11.116.463,88 |
9.271.188,99 |
15,49% |
|
Advances to suppliers |
954.651,40 |
33.744,79 |
- |
2.729,03% |
|
State and other public entities |
407.345,13 |
417.567,37 |
412.341,68 |
(2,45)% |
|
Shareholders/partners |
- |
- |
- |
- |
|
Other accounts receivable |
520.921,96 |
429.416,59 |
346.596,86 |
21,31% |
|
Deferrals |
18.952,63 |
15.108,16 |
16.164,95 |
25,45% |
|
Financial assets held for trading |
41.103,29 |
39.031,33 |
85.230,35 |
5,31% |
|
Other financial assets |
- |
- |
- |
- |
|
Non-current assets held for sale |
- |
- |
- |
- |
|
Other current assets |
- |
- |
- |
- |
|
Cashier and bank deposits |
178.246,36 |
47.617,01 |
126.756,11 |
274,33% |
|
Total |
28.958.311,36 |
26.850.694,55 |
23.432.447,50 |
7,85% |
|
TOTAL ASSET |
29.764.751,63 |
27.688.987,79 |
24.895.277,72 |
7,50% |
|
SHAREHOLDERS FUNDS AND LIABILITIES SHAREHOLDERS FUNDS |
|
|
|
|
|
Capital |
3.000.000,00 |
3.000.000,00 |
3.000.000,00 |
- |
|
Own shares |
- |
- |
- |
- |
|
Other shareholders funds instruments |
- |
600.000,00 |
600.000,00 |
- |
|
Emission premiuns |
- |
- |
- |
- |
|
Legal reserves |
600.000,00 |
600.000,00 |
600.000,00 |
- |
|
Other reserves |
2.239.322,79 |
1.933.290,30 |
1.600.790,12 |
15,83% |
|
Net retained |
- |
- |
- |
- |
|
Adjustments on financial assets |
- |
- |
- |
- |
|
Revaluation surplus |
- |
- |
- |
- |
|
Other shareholders funds changes |
- |
- |
- |
- |
|
Total |
5.839.322,79 |
6.133.290,30 |
5.800.790,12 |
(4,79)% |
|
Net income for the period |
342.712,73 |
306.032,49 |
332.500,18 |
11,99% |
|
Antecipated dividends |
- |
- |
- |
- |
|
TOTAL OF SHAREHOLDERS FUNDS |
6.182.035,52 |
6.439.322,79 |
6.133.290,30 |
(4,00)% |
|
LIABILITY |
|
|
|
|
|
NON-CURRENT LIIABILITIES |
|
|
|
|
|
Provisions |
- |
- |
- |
- |
|
Financing obtained |
941.424,68 |
1.081.776,36 |
1.311.432,78 |
(12,97)% |
|
Responsability for post-employment beneficts |
- |
- |
- |
- |
|
Diferred taxes liabilities |
- |
- |
- |
- |
|
Other payable accounts |
- |
- |
- |
- |
|
Total |
941.424,68 |
1.081.776,36 |
1.311.432,78 |
(12,97)% |
|
CURRENT LIABILITIES |
|
|
|
|
|
Suppliers |
4.621.428,01 |
2.346.938,82 |
3.641.038,74 |
96,91% |
|
Advances from costumers |
- |
- |
- |
- |
|
State and other public entities |
49.693,70 |
19.126,18 |
44.565,11 |
159,82% |
|
Shareholders/partners |
- |
- |
- |
- |
|
Financing obtained |
17.618.800,42 |
16.080.043,10 |
11.785.208,90 |
9,57% |
|
Other payable accounts |
351.369,30 |
1.721.780,54 |
1.979.741,89 |
(79,59)% |
|
Deferrals |
- |
- |
- |
- |
|
Financial liabilities held for trading |
- |
- |
- |
- |
|
Other financial liabilities |
- |
- |
- |
- |
|
Non-current liabilities held for sale |
- |
- |
- |
- |
|
Other current liabilities |
- |
- |
- |
- |
|
Total |
22.641.291,43 |
20.167.888,64 |
17.450.554,64 |
12,26% |
|
TOTAL LIABILITIES |
23.582.716,11 |
21.249.665,00 |
18.761.987,42 |
10,98% |
|
TOTAL SHAREHOLDERS FUNDS AND LIABILITIES |
29.764.751,63 |
27.688.987,79 |
24.895.277,72 |
7,50% |
|
INCOME STATEMENT |
|
|
|
|
|
INCOME AND EXPENSES |
|
|
|
|
|
Sales and services |
31.036.608,92 |
30.514.615,86 |
26.187.983,30 |
1,71% |
|
Operating government grants |
324,00 |
7.873,80 |
- |
(95,89)% |
|
Gains/losses allocated subsidiaries, associates and joint
ventures |
- |
- |
- |
- |
|
Variation in production inventories |
8.748,00 |
(11.123,53) |
23.474,64 |
(178,64)% |
|
Work for the entity itself |
- |
- |
- |
- |
|
Cost of goods sold and materials consumed |
28.541.153,88 |
27.934.177,50 |
23.268.676,49 |
2,17% |
|
Suppliers and external services |
1.189.154,21 |
1.331.073,52 |
1.420.719,99 |
(10,66)% |
|
Personnel costs |
414.579,59 |
371.124,35 |
371.680,23 |
11,71% |
|
Impairment of inventories (losses/revearsals) |
- |
- |
- |
- |
|
Impairment of receivables (losses/revearsals) |
(8.550,40) |
(881,10) |
47.420,04 |
870,42% |
|
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 |
468.475,52 |
643.519,39 |
309.478,45 |
(27,20)% |
|
Other expenses and losses |
380.983,53 |
522.065,13 |
523.334,01 |
(27,02)% |
|
Result before depreciation, financing costs and taxes |
996.835,63 |
997.326,12 |
889.105,63 |
(0,05)% |
|
Expenses/reversals of depreciation and amortization |
34.152,97 |
33.836,98 |
59.637,12 |
0,93% |
|
Impairment of investments depreciable/amortizable
(losses/reversals) |
- |
- |
- |
- |
|
Operating result (before financing costs and taxes) |
962.682,66 |
963.489,14 |
829.468,51 |
(0,08)% |
|
Interest and similar income obtained |
- |
- |
- |
- |
|
interest and similar expenses incurred |
488.934,93 |
536.839,11 |
355.128,58 |
(8,92)% |
|
Net before taxes |
473.747,73 |
426.650,03 |
474.339,93 |
11,04% |
|
Income tax of the period |
131.035,00 |
120.617,54 |
141.839,75 |
8,64% |
|
Net profit for the period |
342.712,73 |
306.032,49 |
332.500,18 |
11,99% |
|
Results of discontinued operations (net of taxes) included
in the net icome of the period |
- |
- |
- |
- |
|
RATIOS
SNC |
|
|
|
|
YEAR |
2016 |
2015 |
2014 |
|
Shareholder's Funds Profitability (Net Income /
Shareholders Funds) (%) |
5,54 |
4,75 |
5,42 |
|
Return on Assets (Operating Result / Total Asset)(%) |
3,23 |
3,48 |
3,33 |
|
Sales Net Profitability (Net Income / Sales) (%) |
1,10 |
1,00 |
1,27 |
|
EFFICIENCY RATIOS |
|
|
|
|
Medium Term Receivable (Costumers / Sales) * 365 (d) |
150,98 |
132,97 |
129,22 |
|
Medium Term Payable (Suppliers / Purchases + Suppliers and
external services)*365 (d) |
58,23 |
27,76 |
46,17 |
|
Asset Rotation (Sales / Toral Asset) (%) |
104,27 |
110,20 |
105,19 |
|
PRODUCTIVITY RATIOS |
|
|
|
|
Gross Added Value / Employee (#) |
60.994,12 |
59.459,54 |
62.295,52 |
|
Sales / Employee (#) |
1.349.417,78 |
1.326.722,43 |
1.247.046,82 |
|
Productivity (Gross Added Value / Personnel costs) (#) |
3,38 |
3,68 |
3,52 |
|
SHORT TERM RATIOS |
|
|
|
|
General Liquidity (Current Assets / Current Liabilities)
(#) |
1,28 |
1,33 |
1,34 |
|
Reduced Liquidity (Current Assets - Inventories / Current
Liabilities) (#) |
0,66 |
0,60 |
0,59 |
|
Immediate Liquidity (Cashier and bank deposits / Current
Liabilities) (#) |
0,01 |
0,00 |
0,01 |
|
MEDIUM LONG TERM RATIOS |
|
|
|
|
Financial Autonomy (Shareholders Funds / Total Asset) (%) |
20,77 |
23,26 |
24,64 |
|
Solvability(Shareholders Funds / Total Liabilities) (%) |
26,21 |
30,30 |
32,69 |
|
Debt Structure (Current Liabilities / Total Liabilities)
(%) |
96,01 |
94,91 |
93,01 |
|
General Debt (Total Liabilities / Total Asset) (%) |
79,23 |
76,74 |
75,36 |
|
Debt Capacity (Shareholders Funds / Shareholders Funds +
Non Current Liabilities)(%) |
86,78 |
85,62 |
82,38 |
|
Capital Structure (Shareholder's Funds / Non Current
Liabilities) (%) |
656,67 |
595,25 |
467,68 |
|
OPERATIONAL AND FINANCIAL RISK |
|
|
|
|
Operational Leverage Level (OLL) (Gross Margin / Operating
Result) (#) |
2,59 |
2,68 |
3,52 |
|
Financial Leverage Level (FLL) (Gross Operating Profit /
Operating Result) (#) |
2,03 |
2,26 |
1,75 |
|
Combined Leverage Level (OLL x FLL) (#) |
5,27 |
6,05 |
6,16 |
CASH
FLOW STATEMENT
|
RUBRICS |
2016 |
2015 |
PERIODS |
|
CASH FLOWS FROM OPERATIONAL ACTIVITIES |
|
|
|
|
Customers receipts |
36.061.804,45 |
35.406.420,72 |
1,85% |
|
Payments to suppliers |
33.765.240,55 |
39.155.793,36 |
(13,77)% |
|
Payments to employees |
413.543,72 |
371.389,57 |
11,35% |
|
Cash at bank generated from operations |
1.883.020,18 |
(4.120.762,21) |
145,70% |
|
Payment/receipt of income tax |
(101.516,54) |
(145.803,37) |
30,37% |
|
Other receipts/payments |
(2.053.034,68) |
445.331,23 |
(561,01)% |
|
Cash Flows from
Operational Activities (A) |
(271.531,04) |
(3.821.234,35) |
92,89% |
|
CASH FLOWS' INVESTMENT ACTIVITIES |
|
|
|
|
Payments regarding: |
|
|
|
|
Fixed tangible assets |
45.664,67 |
1.609,52 |
2.737,16% |
|
Intangible assets |
- |
- |
- |
|
Financial investments |
- |
- |
- |
|
Other assets |
2.071,96 |
- |
- |
|
Receipts from: |
|
|
|
|
Fixed tangible assets |
- |
500,00 |
- |
|
Intangible assets |
- |
- |
- |
|
Financial investments |
- |
- |
- |
|
Other assets |
- |
46.199,02 |
- |
|
Investment subsidies |
- |
- |
- |
|
Interest and similar income |
40.355,00 |
3.886,78 |
938,26% |
|
Dividends |
- |
- |
- |
|
Cash Flows' Investments
Activities (B) |
(7.381,63) |
48.976,28 |
(115,07)% |
|
CASH FLOWS' INVESTMENT ACTIVITIES |
|
|
|
|
Receipts from: |
|
|
|
|
Obtained financing |
6.538.696,28 |
9.359.069,63 |
(30,14)% |
|
Paying-up of capital and other equity instruments |
- |
- |
- |
|
Coverage of losses |
- |
- |
- |
|
Donations |
- |
- |
- |
|
Other financing operations |
- |
- |
- |
|
Payments regarding: |
|
|
|
|
Obtained financing |
5.140.290,64 |
5.293.891,85 |
(2,90)% |
|
Interests and similar expenses |
402.004,15 |
482.653,23 |
(16,71)% |
|
Dividends |
- |
- |
- |
|
Capital's redution and other equity instruments |
600.000,00 |
- |
- |
|
Other financing operations |
- |
- |
- |
|
Cash Flows' Financing Activities © |
396.401,49 |
3.582.524,55 |
(88,94)% |
|
Variation in cash at bank and its equivalents (A+B+C) |
117.488,82 |
(189.733,52) |
161,92% |
|
Effect of exchange differences |
13.140,53 |
110.594,42 |
(88,12)% |
|
Cash at bank and its
equivalents at the start of
period |
47.617,01 |
126.756,11 |
(62,43)% |
|
Cash at bank and its
equivalents at the end of
period |
178.246,36 |
47.617,01 |
274,33% |
|
CASH FLOWS |
|
|
|
|
|
|
|
|
|
|
|
|
MOVIMENTOS DO
PERIODO DE 2016 |
|||
|
RUBRICS |
INITIAL BALANCE |
DEBITS |
CREDITS |
FINAL BALANCE |
|
PERIOD'S
CARRYING AMOUNT AND MOVEMENTS |
|
|
|
|
|
PERIOD'S
CARRYING AMOUNT AND MOVEMENTS |
|
|
|
|
|
Cash
in hand |
1.227,12 |
- |
1.158,95 |
68,17 |
|
Order
deposits |
46.389,89 |
131.788,30 |
- |
178.178,19 |
|
Other
bank deposits |
- |
- |
- |
0,00 |
|
Total
cash at bank and bank deposits |
47.617,01 |
131.788,30 |
1.158,95 |
178.246,36 |
|
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 |
||||
|
|
RECOGNIZED IN PROFIT AND LOSS |
ON REVALUED ASSETS RECOGNIZED IN EQUITY |
TOTAL |
RECOGNIZED IN PROFIT AND LOSS |
RECOGNIZED IN
EQUITY |
TOTAL |
|
|
||||||
|
RUBRICS |
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
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 |
- |
- |
OVERNMENT 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 ATTRIBU TED
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 |
- |
- |
- |
324,00 |
|
Value
of repayments in the period: |
- |
0,00 |
- |
0,00 |
|
Grants
related to assets/investment |
- |
- |
- |
- |
|
Grants
related to income / operating |
- |
- |
- |
- |
|
TOTAL |
- |
0,00 |
- |
324,00 |
|
IMPAIRMENT LOSSES
IN FINANCIAL ASSETS AT COST OR AT AMORTIZED COST |
|||
|
|
|||
|
|
MOVIMENTOS DO
PERIODO DE 2016 |
||
|
RUBRICS |
IMPAIRMENT
LOSSES |
IMPAIRMENT LOSSES
REVERSALS |
TOTAL |
|
Receivable
debts from customers |
- |
8.550,40 |
(8.550,40) |
|
Other
receivables |
- |
- |
0,00 |
|
Equity
instruments and other securities |
- |
- |
0,00 |
|
Others |
- |
- |
0,00 |
|
TOTAL |
0,00 |
8.550,40 |
(8.550,40) |
|
DEBTS
REGISTERED AS DOUBTFUL |
|
|
RUBRICS |
VALUE |
|
Regarding insolvency and company recovery procedures or
enforcement procedures |
- |
|
Claimed in court |
8.550,40 |
|
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 |
8.550,40 |
EMPLOYEE BENEFITS, COMPANY EMPLOYEES
AND PERSONNEL COSTS
|
RUBRICS |
AVERAGE NUMBER OF EMPLOYEES |
AVERAGE NUMBER OF HOURS WORKED |
|
Company employees, paid and unpaid |
23 |
41.088 |
|
Paid company employees |
23 |
41.088 |
|
Company UNPAID employees |
0 |
0 |
|
Company employees, by type of working hours |
|
|
|
Full time company employees |
22 |
39.296 |
|
Of which: Full time company employees |
22 |
39.296 |
|
Part time company employees |
1 |
1.792 |
|
Of which: Part time company employees |
1 |
1.792 |
|
Company employees, by gender: |
|
|
|
Men |
18 |
32.128 |
|
Women |
5 |
8.960 |
|
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 |
414.579,59 |
|
Governance Bodies Remuneration |
19.500,00 |
|
Of which: Profit-sharing |
- |
|
Employees remuneration |
317.940,10 |
|
Of which: Profit-sharing |
- |
|
Post-employment benefits |
0,00 |
|
Pension premiums |
- |
|
Other benefits |
- |
|
Of which: |
|
|
For defined contribution plans - corporate bodies |
- |
|
For defined contribution plans - others |
- |
|
Compensations |
- |
|
Charges on remunerations |
68.714,58 |
|
Insurance for accidents at work and professional diseases |
3.883,96 |
|
Social security expenses |
310,00 |
|
Other staff costs |
4.230,95 |
|
Of which: |
|
|
Expenditure on education |
- |
|
Expenditure on uniforms |
- |
|
INFORMATION
BY GEOGRAPHIC MARKETS |
||||
|
|
GEOGRAPHIC MARKETS |
|||
|
RUBRICS |
INTERNAL |
EU |
EXTRA-EU |
TOTAL |
|
Sales |
28.540.898,39 |
1.166.927,72 |
1.317.023,43 |
31.024.849,54 |
|
Services provided |
11.759,38 |
- |
- |
11.759,38 |
|
Purchases |
3.906.073,25 |
31.978,73 |
23.841.717,29 |
27.779.769,27 |
|
Supplies and external services |
1.189.154,21 |
- |
- |
1.189.154,21 |
|
Acquisition of fixed tangible assets |
2.300,00 |
- |
- |
2.300,00 |
|
Acquisition of investment properties |
- |
- |
- |
0,00 |
|
Acquisition of intangible assets |
- |
- |
- |
0,00 |
|
Supplementary income: |
0,00 |
0,00 |
0,00 |
0,00 |
|
Social services |
- |
- |
- |
0,00 |
|
Equipment rental |
- |
- |
- |
0,00 |
|
Studies, projects and technological assistance |
- |
- |
- |
0,00 |
|
Royalities |
- |
- |
- |
0,00 |
|
Others |
- |
- |
- |
0,00 |
|
Memorandum: Sales and services provided (undiscounted
values) |
- |
- |
- |
0,00 |
|
Memorandum: Purchases and supplies and external services |
- |
- |
- |
0,00 |
|
RECEIVABLE
AND PAYABLE ACCOUNTS |
|
|
|
|
RUBRICS |
2016 |
2015 |
PERIODS |
|
CUSTOMERS |
|
|
|
|
Trade accounts receivable |
4.177.537,63 |
3.337.932,70 |
25,15% |
|
Trade notes receivable |
8.945.817,09 |
7.778.531,18 |
15,01% |
|
Advances received from customers |
- |
- |
- |
|
SUPPLIERS |
|
|
|
|
Trade accounts payable |
2.669.026,45 |
2.346.938,82 |
13,72% |
|
Trade notes payable |
1.952.401,56 |
- |
- |
|
Trade accounts payable - unchecked invoices |
- |
- |
- |
|
Advances to suppliers |
954.651,40 |
33.744,79 |
2.729,03% |
|
STAFF |
|
|
|
|
Payable remunerations |
- |
- |
- |
|
Advanced payments |
- |
- |
- |
|
Bonds |
- |
- |
- |
|
Other operations |
- |
- |
- |
|
STATE AND OTHER PUBLIC SECTOR INSTITUTIONS |
|
|
|
|
Income Tax |
(35.533,00) |
(6.014,54) |
(490,78)% |
|
Deductible IVA (debt cumulative amounts) |
- |
- |
- |
|
Paid IVA (credit cumulative amounts) |
- |
- |
- |
|
SHAREHOLDERS / PARTNERS |
|
|
|
|
Shareholders with subscription |
- |
- |
- |
|
Unreleased quotas |
- |
- |
- |
|
Advances for profits |
- |
- |
- |
|
ALLOCATED RESULTS |
|
|
|
|
From the perspective of the entity distributing profits |
- |
- |
- |
|
From the perspective of the entity with allocated profits |
- |
- |
- |
|
AVAILABLE PROFITS |
|
|
|
|
From the perspective of the entity distributing profits |
- |
- |
- |
|
From the perspective of the entity with allocated profits |
- |
- |
- |
|
Granted loans - parent company |
- |
- |
- |
|
Granted loans - subsidiary companies, associated companies and joint ventures |
- |
- |
- |
|
Granted loans - other shareholders/partners |
- |
- |
- |
|
Of which: Participating companies |
- |
- |
- |
|
OTHER OPERATIONS |
|
|
|
|
Debit status |
- |
- |
- |
|
Credit status |
- |
- |
- |
|
OTHER RECEIVABLE AND PAYABLE ACCOUNTS |
|
|
|
|
Investment providers - general accounts |
- |
- |
- |
|
Trade accounts payable - unchecked invoices |
- |
- |
- |
|
Advanced payments to investment providers |
- |
- |
- |
|
additional income - Debtors |
- |
- |
- |
|
additional expenses - Creditors |
49.417,20 |
43.895,00 |
12,58% |
|
Deferred tax assets |
- |
- |
- |
|
Deferred tax liabilities |
- |
- |
- |
|
Unreleased subscriptions - Creditors |
- |
- |
- |
|
Advances received on account of sales |
- |
- |
- |
|
OTHER DEBTORS AND CREDITORS |
|
|
|
|
Other debtors |
520.921,96 |
429.416,59 |
21,31% |
|
Other creditors |
179.970,20 |
1.606.277,23 |
(88,80)% |
|
EXPENSE ACCOUNTS |
|
|
|
|
RUBRICS |
2016 |
2015 |
PERIODS |
|
Supplies and external services |
1.189.154,21 |
1.331.073,52 |
(10,66)% |
|
Subcontracts |
275.287,54 |
240.753,94 |
14,34% |
|
Specialized services |
424.164,44 |
560.644,49 |
(24,34)% |
|
Specialized works |
44.855,63 |
27.688,36 |
62,00% |
|
Of which: Payments to workers placed through agencies |
- |
- |
- |
|
Advertising and promotion |
11.689,00 |
8.094,80 |
44,40% |
|
Surveillance and security |
322,08 |
309,72 |
3,99% |
|
Fees |
19.051,97 |
18.730,11 |
1,72% |
|
Comissions |
28.393,36 |
202.327,44 |
(85,97)% |
|
Maintenance and repairs |
35.119,58 |
33.292,59 |
5,49% |
|
Others |
284.732,82 |
270.201,47 |
5,38% |
|
Materials |
12.169,40 |
15.707,87 |
(22,53)% |
|
Fast wear tools and utensils |
2.665,71 |
6.197,52 |
(56,99)% |
|
Books and technical documentation |
- |
- |
- |
|
Office material |
5.479,15 |
5.170,04 |
5,98% |
|
Gift items |
285,64 |
4.340,31 |
(93,42)% |
|
Others |
3.738,90 |
- |
- |
|
Energy and fluids |
93.052,54 |
95.406,40 |
(2,47)% |
|
Electricity |
4.413,17 |
3.688,45 |
19,65% |
|
Fuels |
85.770,58 |
88.953,53 |
(3,58)% |
|
Water |
2.758,29 |
2.126,59 |
29,70% |
|
Others |
110,50 |
637,83 |
(82,68)% |
|
Travel, lodging and transportation |
83.005,88 |
101.565,60 |
(18,27)% |
|
Travel and lodging |
21.853,23 |
22.218,59 |
(1,64)% |
|
Transport of personnel |
- |
- |
- |
|
Transport of goods |
53.714,50 |
72.432,14 |
(25,84)% |
|
Others |
7.438,15 |
6.914,87 |
7,57% |
|
Different services |
301.474,41 |
316.995,22 |
(4,90)% |
|
Rents and leases |
192.000,00 |
183.000,00 |
4,92% |
|
Of which: Rents from land |
- |
- |
- |
|
Communication |
15.437,38 |
16.092,41 |
(4,07)% |
|
Insurance |
82.152,01 |
102.400,30 |
(19,77)% |
|
Royalties |
- |
- |
- |
|
Litigation and Notaries |
- |
550,00 |
- |
|
Representation expenses |
7.711,92 |
10.471,71 |
(26,35)% |
|
Cleaning, hygiene and comfort |
934,58 |
554,44 |
68,56% |
|
Other services |
3.238,52 |
3.926,36 |
(17,52)% |
DELIBERATION OF
APPROVAL OF ACCOUNTS
Were the financial
year's accounts approved?
YES
Data da Aprova^ao:
12-04-2017
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 |
342.712,73 |
306.032,49 |
|
Allocated results / Available profits |
0,00 |
0,00 |
|
Percentages or bonuses to managing bodies |
- |
- |
|
Ditto to staff |
- |
- |
|
Reserves |
342.712,73 |
306.032,49 |
|
Coverage of losses |
- |
- |
|
7. Others |
- |
- |
|
BALANCE (1-2-3-4-5-6-7) |
0,00 |
0,00 |
MANAGEMENT
REPORT / ASSESSMENT OF THE INSPECTION BODY / LEGAL CERTIFICATION OF ACCOUNTS
MANAGEMENT REPORT
Were the Management Report and financial year's accounts
prepared?
YES
Were the management report and the financial year's accounts
signed by all members of the
management / administration?
YES
ASSESSMENT
OF THE INSPECTION BODY
The entity has an
inspection body?
NO
Has the inspection
body issued an assessment?
Information Available
LEGAL
CERTIFICATION OF ACCOUNTS (CLC)
Is the entity
required to have certified accounts by a
Statutory Auditor/Statutory Audit Firm?
YES
Identificação do ROC: 143200020
Was the Legal
certification of accounts issued?
YES
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.35 |
|
|
1 |
INR 92.70 |
|
Euro |
1 |
INR 80.80 |
|
Euro |
1 |
INR 80.47 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
KET |
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.