MIRA INFORM REPORT

 

 

Report No. :

491284

Report Date :

12.02.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

VORTEX-FIOS TEXTEIS UNIPESSOAL LDA

 

 

Registered Office :

Travessa Da Indústria, 8, 4770-076-Cabecudos, Vila Nova De Famalicao, Braga

 

 

Country :

Portugal

 

 

Financials (as on) :

2016

 

 

Date of Incorporation :

07-05-2015

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale trade of textiles

 

 

No. of Employees :

3

 

 

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 :

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

 

Country Name

Previous Rating

(30.06.2017)

Current Rating

(30.09.2017)

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. The economy contracted in 2009, and fell again 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. A modest recovery gathered steam in 2015 due to strong export performance and a rebound in private consumption. GDP strengthened in the last two quarters of 2016 and reached 2.5% growth 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

 

VORTEX-FIOS TEXTEIS UNIPESSOAL LDA

 

FINANCIAL HIGHLIGHTS              

 

 

2015

2016

net sales

3.409.127,72

8.016.770,43

net income for the year

25.087,72

212.894,82

shareholders  funds

105.087,72

317.982,54

stocks

911.378,12

1.780.652,93

liability

3.420.950,40

4.870.963,58

assets

3.526.038,12

5.188.946,12

 

 

SUMMARY

                                                                                               

Legal Form

Private Limited Company

Constitution

07-05-2015

V.A.T. Number / NIF

513426957

Employees

3

Capital

500.000,00

Sales  in : 31-12-2016

8.016.770,43

Shareholders  Funds  in: 31-12-2016

317.982,54

Credit Recommendation

Follow the evolution

Actual Condition

In activity

Import/Export

Sim / Não

 

 

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

VORTEX-FIOS TEXTEIS UNIPESSOAL LDA

Trust Nº.

1850502

V.A.T. Number / NIF

513426957

Address

Travessa da Indústria, 8

Postal Code

4770-076-CABECUDOS

Municipality

VILA NOVA DE FAMALICAO

District

BRAGA

Country

Portugal

Telephone

963896633, 252308410

Fax

252308416

E-Mail

vortex@vortexfios.pt

Web Site

www.vortexfios.pt

CAE Main

46410- Wholesale trade of textiles

 

 

MANAGEMENT BODIES

 

AIRES ALCINO DA SILVA DIAS DOS SANTOS

Managing-Partner

 

 

LEGAL STRUCTURE

 

Registed on the Register Record Office of Vila Nova de Famalicao with the Register Number 513426957 in 07-05-2015

 

Constitution celebrated in 07-05-2015 published on Portal MJ of 07-05-2015

 

To oblige the company it is necessary 1 signatures CHANGES TO SOCIETY

 

In 18-01-2018 on Portal MJ of 18-01-2018 increase of capital

 

In 12-07-2017 on Portal MJ of 12-07-2017 increase of capital

 

In 12-07-2017 on Portal MJ of 12-07-2017 annual financial statements

 

In 11-07-2016 on Portal MJ of 11-07-2016 annual financial statements

 

In 27-04-2016 on Portal MJ of 27-04-2016 social change

 

 

CAPITAL

 

The Capital is 500.000,00

 

with the following distribution

 

AIRES ALCINO DA SILVA DIAS DOS SANTOS

500.000,00

100%

 

 

BIOGRAPHIES

 

Name

AIRES ALCINO DA SILVA DIAS DOS SANTOS

Funtion

Managing-Partner

Address

RUA VASCO CARVALHO 81

Locality

4760-168 VILA NOVA DE FAMALICAO

Civil State

Married

Consort

MARIA TERESA OLIVEIRA CARNEIRO

Historical of Professional Connections and Participations

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

 

FIPORAG-TEXTEIS SA.

Links to others companies

The subject has connections with the following company (ies)

 

TRADIFIOS-TRADING TEXTILE LDA as Partner with a participation of 105.000,00 , in a capital of 150.000,00 .

 

MARIA TERESA & SANTOS LDA as Managing-Partner with a participation of 2.500,00 , in a capital of 5.000,00 .

 

 

ACTIVITIES

 

Main CAE

 

46410- Wholesale trade of textiles

 

BUSINESS DESCRIPTION

comércio por grosso de têxteis, importação e exportação de fios, tecidos, malhas e vestuário e fabricação de tecidos de malha.

 

 

 

 

GEOGRAPHIC DISTRIBUTION OF SALES  

                                                                                                  

 

INTERNAL MARKET

 

INTERNATIONAL MARKET

 

 

YEAR

 

 

EU

 

EXTRA-EU

 

TOTAL

2016

8.016.770,43

100,00%

0,00

0,00%

0,00

0,00%

8.016.770,43

2015

3.409.127,72

100,00%

0,00

0,00%

0,00

0,00%

3.409.127,72

 

 

GEOGRAPHIC DISTRIBUTION OF PURCHASES

                                                                                                                                        

 

INTERNAL MARKET

 

 

INTERNATIONAL MARKET

 

 

 

YEAR

 

 

EU

 

EXTRA-EU

 

TOTAL

2016

830.331,55

9,85%

102.286,66

1,21%

7.499.884,98

88,94%

8.432.503,19

2015

1.041.732,05

24,58%

14.167,84

0,33%

3.181.885,35

75,08%

4.237.785,24

 

 

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 records of incidents on our database

 

 

EMPLOYEES

 

YEAR

TOTAL

MEN

 

WOMEN

 

2016

3

3

100%

0

0%

2015

3

3

100%

0

0%

 

 

HEAD OFFICE AND INSTALLATIONS

 

Has head office Travessa da Indústria, 8, 4770-076, CABECUDOS

Had head office Rua Vasco Carvalho, 81, 4760-168, VILA NOVA DE FAMALICAO

 

FINANCIAL DEMONSTRATION SNC

 

BALANCE SHEET SNC

 

COINEUROS

 

 

 

YEAR:2016

 

2016

2015

-

% VAR.2016/15

ASSET

 

 

 

 

NON-CURRENT ASSETS

 

 

 

 

Tangible fixed assets

-

4.000,00

-

-

Investment properties

295,60

-

-

-

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

295,60

4.000,00

 

(92,61)%

CURRENT ASSETS

 

 

 

 

Inventories

1.780.652,93

911.378,12

-

95,38%

Biological assets

-

-

-

-

Costumers

2.919.086,57

2.266.661,61

-

28,78%

Advances to suppliers

-

-

-

-

State and other public entities

56.894,57

116.044,13

-

(50,97)%

Shareholders/partners

-

-

-

-

Other accounts receivable

431.908,94

202.920,68

-

112,85%

Deferrals

-

494,40

-

-

Financial assets held for trading

-

-

-

-

Other financial assets

-

-

-

-

Non-current assets held for sale

-

-

-

-

Other current assets

-

-

-

-

Cashier and bank deposits

107,51

24.539,18

-

(99,56)%

Total

5.188.650,52

3.522.038,12

 

47,32%

TOTAL ASSET

5.188.946,12

3.526.038,12

 

47,16%

 

SHAREHOLDERS FUNDS AND LIABILITIES SHAREHOLDERS FUNDS

 

Capital

80.000,00

80.000,00

-

-

Own shares

-

-

-

-

Other shareholders funds instruments

-

-

-

-

Emission premiuns

-

-

-

-

Legal reserves

1.255,00

-

-

-

Other reserves

23.832,72

-

-

-

Net retained

-

-

-

-

Adjustments on financial assets

-

-

-

-

Revaluation surplus

-

-

-

-

Other shareholders funds changes

-

-

-

-

Total

105.087,72

80.000,00

 

31,36%

Net income for the period

212.894,82

25.087,72

-

748,60%

Antecipated dividends

-

-

-

-

TOTAL OF SHAREHOLDERS FUNDS

317.982,54

105.087,72

 

202,59%

LIABILITY

 

 

 

 

NON-CURRENT LIIABILITIES

 

 

 

 

Provisions

-

-

-

-

Financing obtained

-

-

-

-

Responsability for post-employment beneficts

-

(59,78)

-

-

Diferred taxes liabilities

-

-

-

-

Other payable accounts

-

-

-

-

Total

 

(59,78)

 

 

CURRENT LIABILITIES

 

 

 

 

Suppliers

1.835.536,14

1.207.127,15

-

52,06%

Advances from costumers

-

-

-

-

State and other public entities

64.402,01

10.185,93

-

532,26%

Shareholders/partners

-

-

-

-

Financing obtained

1.630.476,66

897.699,30

-

81,63%

Other payable accounts

1.337.413,77

1.305.997,80

-

2,41%

Deferrals

3.135,00

-

-

-

Financial liabilities held for trading

-

-

-

-

Other financial liabilities

-

-

-

-

Non-current liabilities held for sale

-

-

-

-

Other current liabilities

-

-

-

-

Total

4.870.963,58

3.421.010,18

 

42,38%

TOTAL LIABILITIES

4.870.963,58

3.420.950,40

 

42,39%

TOTAL SHAREHOLDERS FUNDS AND LIABILITIES

5.188.946,12

3.526.038,12

 

47,16%

 

INCOME STATEMENT

 

 

 

 

INCOME AND EXPENSES

 

 

 

 

Sales and services

8.016.770,43

3.409.127,72

-

135,16%

Operating government grants

-

-

-

-

Gains/losses allocated subsidiaries, associates and joint ventures

-

-

-

-

Variation in production inventories

-

-

-

-

Work for the entity itself

-

-

-

-

Cost of goods sold and materials consumed

7.350.731,88

3.251.879,47

-

126,05%

Suppliers and external services

187.084,77

74.527,65

-

151,03%

Personnel costs

44.761,19

17.945,70

-

149,43%

Impairment of inventories (losses/revearsals)

25.411,73

-

-

-

Impairment of receivables (losses/revearsals)

-

-

-

-

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

8.693,59

10.273,01

-

(15,37)%

Other expenses and losses

91.467,89

34.199,75

-

167,45%

Result before depreciation, financing costs  and taxes

326.006,56

40.848,16

 

698,09%

Expenses/reversals of depreciation and amortization

4.635,00

4.000,00

-

15,88%

Impairment of investments depreciable/amortizable (losses/reversals)

-

-

-

-

Operating result (before financing costs  and taxes)

321.371,56

36.848,16

 

772,15%

Interest and similar income obtained

-

-

-

-

interest and similar expenses incurred

43.551,95

3.985,68

-

992,71%

Net before taxes

277.819,61

32.862,48

 

745,40%

Income tax of the period

64.924,79

7.774,76

-

735,07%

Net profit for the period

212.894,82

25.087,72

-

748,60%

Results of discontinued operations (net of taxes) included in the net icome of the

period

-

-

-

-

 

 

RATIOS SNC

                                                                                                                                                        

YEAR

 

2016

2015

 

TURNOVER RATIOS

 

 

 

 

Shareholder's Funds Profitability (Net Income / Shareholders Funds) (%)

 

66,95

23,87

 

Return on Assets (Operating Result / Total Asset)(%)

 

6,19

1,05

 

Sales Net Profitability (Net Income / Sales) (%)

 

2,66

0,74

 

EFFICIENCY RATIOS

 

 

 

 

Medium Term Receivable (Costumers / Sales) * 365 (d)

 

132,90

242,68

 

Medium Term Payable (Suppliers / Purchases + Suppliers and external services)*365 (d)

 

79,45

103,97

 

Asset Rotation (Sales / Toral Asset) (%)

 

154,50

96,68

 

PRODUCTIVITY RATIOS

 

 

 

 

Gross Added Value / Employee (#)

 

132.059,83

19.597,95

 

Sales / Employee (#)

 

2.672.256,81

1.136.375,91

 

Productivity (Gross Added Value / Personnel costs) (#)

 

8,85

3,28

 

SHORT TERM RATIOS

 

 

 

 

General Liquidity (Current Assets / Current Liabilities) (#)

 

1,07

1,03

 

Reduced Liquidity (Current Assets - Inventories / Current Liabilities) (#)

 

0,70

0,76

 

MEDIUM LONG TERM RATIOS

 

 

 

 

Financial Autonomy (Shareholders Funds / Total Asset) (%)

 

6,13

2,98

 

Solvability(Shareholders Funds / Total Liabilities) (%)

 

6,53

3,07

 

Debt Structure (Current Liabilities / Total Liabilities) (%)

 

100,00

100,00

 

General Debt (Total Liabilities / Total Asset) (%)

 

93,87

97,02

 

OPERATIONAL AND FINANCIAL RISK

 

 

 

 

Operational Leverage Level (OLL) (Gross Margin / Operating Result) (#)

 

2,07

4,27

 

Financial Leverage Level (FLL) (Gross Operating Profit / Operating Result) (#)

 

1,16

1,12

 

Combined Leverage Level (OLL x FLL) (#)

 

2,40

4,78

 

 

CASH FLOW STATEMENT

                                                                                                                                    

RUBRICS

2016

2015

 

PERIODS

CASH FLOWS FROM OPERATIONAL ACTIVITIES

 

 

 

 

Customers receipts

11.808.714,05

1.511.569,40

681,22%

 

Payments to suppliers

8.522.012,03

575.021,64

1.382,03%

 

Payments to employees

44.724,05

-

-

Cash at bank generated from operations

3.241.977,97

936.547,76

246,16%

Payment/receipt of income tax

-

-

-

Other receipts/payments

(3.955.000,00)

-

-

Cash Flows  from Operational Activities  (A)

(713.022,03)

936.547,76

(176,13)%

CASH FLOWS' INVESTMENT ACTIVITIES

 

 

 

Payments  regarding:

 

 

 

Fixed tangible assets

635,00

-

-

Intangible assets

-

-

-

Financial investments

-

-

-

Other assets

-

-

-

Receipts  from:

 

 

 

Fixed tangible assets

-

-

-

Intangible assets

-

-

-

Financial investments

-

-

-

Other assets

-

-

-

Investment subsidies

-

-

-

Interest and similar income

-

-

-

Dividends

-

-

-

Cash Flows' Investments  Activities  (B)

(635,00)

-

-

CASH FLOWS' INVESTMENT ACTIVITIES

 

 

 

Receipts  from:

 

 

 

Obtained financing

3.374.796,16

-

-

Paying-up of capital and other equity instruments

-

-

-

Coverage of losses

-

-

-

Donations

-

-

-

Other financing operations

-

-

-

Payments  regarding:

 

 

 

Obtained financing

2.642.018,80

-

-

Interests and similar expenses

43.552,00

-

-

Dividends

-

-

-

Capital's redution and other equity instruments

-

-

-

Other financing operations

-

-

-

Cash Flows' Financing Activities  ©

689.225,36

-

-

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

(24.431,67)

936.547,76

(102,61)%

Effect of exchange differences

-

-

-

Cash at bank and its  equivalents  at the start of period

24.539,18

-

-

Cash at bank and its  equivalents  at the end of period

107,51

-

-

 

 

CASH FLOWS

 

MOVIMENTOS DO PERIODO DE 2016

RUBRICS

INITIAL BALANCE

DEBITS

CREDITS

FINAL BALANCE

PERIOD'S CARRYING AMOUNT AND MOVEMENTS

Cash in hand

-

-

-

0,00

Order deposits

19.120,16

10.439.912,37

10.459.032,53

0,00

Other bank deposits

5.419,02

2.782.340,72

2.787.652,23

107,51

Total cash at bank and bank deposits

24.539,18

13.222.253,09

13.246.684,76

107,51

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 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

IN THE PERIOD OR

IN PREVIOUS

VALUE ATTRIBUTED

TO THE PERIOD

VALUE ASSIGNED

IN THE PERIOD OR

IN PREVIOUS

VALUE

ATTRIBUTED TO

Grants related to assets/investment:

-

0,00

-

0,00

Fixed tangible assets

-

0,00

-

0,00

Land and Natural Resources

-

-

-

-

Buildings and other structures

-

-

-

-

Basic equipment

-

-

-

-

Transport equipment

-

-

-

-

Office equipment

-

-

-

-

Biological equipment

-

-

-

-

Others

-

-

-

-

Intangible assets

-

0,00

-

0,00

Development projects

-

-

-

-

Computer programmes

-

-

-

-

Industrial property

-

-

-

-

Others

-

-

-

-

Other assets

-

-

-

-

Grants related to income / operating

-

-

-

-

Value of repayments in the period:

-

0,00

-

0,00

Grants related to assets/investment

-

-

-

-

Grants related to income / operating

-

-

-

-

TOTAL

-

0,00

-

0,00

 

 

IMPAIRMENT LOSSES IN FINANCIAL ASSETS AT COST OR AT AMORTIZED COST    

               

 

MOVIMENTOS DO PERIODO DE 2016

 

 

 

 

RUBRICS

IMPAIRMENT LOSSES

IMPAIRMENT LOSSES REVERSALS

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

AVERAGE NUMBER OFEMPLOYEES

AVERAGE NUMBER OFHOURS WORKED

 

 

 

Company employees, paid and unpaid

3

5.880

Paid company employees

3

5.880

Company UNPAID employees

0

0

Company employees, by type of working hours

 

 

Full time company employees

3

5.880

Of which: Full time company employees

3

5.880

Part time company employees

0

0

Of which: Part time company employees

0

0

Company employees, by gender:

 

 

Men

3

5.880

Women

0

0

Company employees, of which:

 

 

Company employees assigned to Research and Development

0

-

Service providers

1

1.088

People placed through temporary employment agencies

0

-

 

 

STAFF COSTS

                                                                                        

RUBRICS

VALUE

Staff costs

44.761,19

Governance Bodies Remuneration

-

Of which: Profit-sharing

-

Employees remuneration

34.972,70

Of which: Profit-sharing

34.972,70

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

7.906,93

Insurance for accidents at work and professional diseases

554,22

Social security expenses

-

Other staff costs

1.327,34

Of which:

 

Expenditure on education

-

Expenditure on uniforms

-

 

 

INFORMATION BY GEOGRAPHIC MARKETS  

                                                                                                                                

 

GEOGRAPHIC MARKETS

RUBRICS

INTERNAL

EU

EXTRA-EU

TOTAL

Sales

8.016.770,43

-

-

8.016.770,43

Services provided

-

-

-

0,00

Purchases

643.246,78

102.286,66

7.499.884,98

8.245.418,42

Supplies and external services

187.084,77

-

-

187.084,77

Acquisition of fixed tangible assets

635,00

-

-

635,00

Acquisition of investment properties

295,60

-

-

295,60

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)

8.089.747,95

-

-

8.089.747,95

Memorandum: Purchases and supplies and external services (undiscounted values)

656.421,49

102.286,66

7.500.432,57

8.259.140,72

 

 

RECEIVABLE AND PAYABLE ACCOUNTS

                                                                                                           

RUBRICS

2016

2015

PERIODS

CUSTOMERS

 

 

 

Trade accounts receivable

1.936.451,45

1.818.962,31

6,46%

Trade notes receivable

982.635,12

447.699,30

119,49%

Advances received from customers

-

-

-

SUPPLIERS

 

 

 

Trade accounts payable

1.773.884,30

1.198.440,89

48,02%

Trade notes payable

61.651,84

8.686,26

609,76%

Trade accounts payable - unchecked invoices

-

-

-

Advances to suppliers

-

-

-

STAFF

 

 

 

Payable remunerations

37,14

-

-

Advanced payments

-

-

-

Bonds

-

-

-

Other operations

-

-

-

STATE AND OTHER PUBLIC SECTOR INSTITUTIONS

 

 

 

Income Tax

(58.393,79)

(7.774,76)

(651,07)%

Deductible IVA (debt cumulative amounts)

1.810.621,94

818.145,28

121,31%

Paid IVA (credit cumulative amounts)

1.884.168,15

800.251,45

135,45%

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

5.878,00

7.560,00

(22,25)%

Deferred tax assets

-

-

-

Deferred tax liabilities

-

-

-

Unreleased subscriptions - Creditors

-

-

-

Advances received on account of sales

-

-

-

OTHER DEBTORS AND CREDITORS

 

 

 

Other debtors

431.908,94

202.920,68

112,85%

Other creditors

1.328.307,45

1.297.834,74

2,35%

 

 

EXPENSE ACCOUNTS

 

RUBRICS

2016

2015

PERIODS

Supplies and external services

187.084,77

74.527,65

151,03%

Subcontracts

18.837,06

7.584,77

148,35%

Specialized services

44.667,07

13.006,60

243,42%

Specialized works

89,83

57,60

55,95%

Of which: Payments  to workers  placed through agencies

-

-

-

Advertising and promotion

-

-

-

Surveillance and security

-

-

-

Fees

10.800,00

6.300,00

71,43%

Comissions

32.270,18

4.720,72

583,59%

Maintenance and repairs

1.507,06

1.928,28

(21,84)%

Others

-

-

-

Materials

4.988,59

4.012,13

24,34%

Fast wear tools and utensils

-

-

-

Books and technical documentation

-

-

-

Office material

1.691,21

674,48

150,74%

Gift items

3.097,90

3.337,65

(7,18)%

Others

199,48

-

-

Energy and fluids

5.239,99

2.311,64

126,68%

Electricity

-

-

-

Fuels

5.239,99

2.311,64

126,68%

Water

-

-

-

Others

-

-

-

Travel, lodging and transportation

42.462,47

9.591,41

342,71%

Travel and lodging

23.152,47

8.361,41

176,90%

Transport of personnel

-

-

-

Transport of goods

19.310,00

1.230,00

1.469,92%

Others

-

-

-

Different services

70.889,59

38.021,10

86,45%

Rents and leases

22.050,00

13.100,00

68,32%

Of which: Rents  from land

-

-

-

Communication

162,87

114,90

41,75%

Insurance

2.590,99

706,13

266,93%

Royalties

-

-

-

Litigation and Notaries

1.045,34

216,00

383,95%

Representation expenses

9.040,39

2.872,70

214,70%

Cleaning, hygiene and comfort

-

11,37

-

Other services

36.000,00

21.000,00

71,43%

 

 

DELIBERATION OF APPROVAL OF ACCOUNTS

 

Were the financial year's  accounts  approved?

YES

 

Data da Aprovação: 31-03-2017

 

By (Unanimity/Majority):

 

Unanimity

 

Percentage of issued votes  related to the share capital subscribed with voting right

 

100

 

The accounts  were approved:

 

In universal meeting

 

Through deliberation by writing vote

 

The accounts  were approved:

 

In POC/SNC/NCM (National Plan of Accounts/Accounting Normalization System/Accounting Normalization for micro entities

 

PROFIT APLICATION ACCORDING TO THE DELIBERATION THAT APPROVED THE FINANCIAL YEAR'S ACCOUNTS

 

RUBRICS

2016

2015

Retained earnings

212.894,82

25.087,72

Allocated results / Available profits

0,00

0,00

Percentages or bonuses to managing bodies

-

-

Ditto to staff

-

-

Reserves

212.894,82

-

Coverage of losses

-

-

7. Others

-

-

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

0,00

25.087,72

 

 

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?

NO

 

Identificação do ROC:

 

Was  the Legal certification of accounts  issued?

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 64.37

UK Pound

1

INR 89.71

Euro

1

INR 78.89

Euro

1

INR 78.97

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

VAR

 

 

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)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.