|
|
|
MIRA INFORM REPORT
|
Report No. : |
485077 |
|
Report Date : |
15.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
VLARTEX-EMPRESADEMALHAS VILARINHO LDA |
|
|
|
|
Registered Office : |
Rua Da Beira Alta, Nº 94, Apartado 160, 4805-224-Corvite, Guimaraes, Braga |
|
|
|
|
Country : |
Portugal |
|
|
|
|
Financials (as on) : |
2016 |
|
|
|
|
Date of Incorporation : |
02.02.1978 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
· Manufacture of Knitted Fabrics ·
Production and Sale of Knitwear for Clothing |
|
|
|
|
No. of Employees : |
128 |
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. Growth slowed slightly in the first half
of 2016, but rebounded in the last two quarters of the year to register at 1.4
percent for the year. Unemployment remains high, at 10.2%, at the end of 2016,
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 2.0% in 2016, the country’s
lowest since democracy was restored in 1974, and surpassing the EU and IMF
projections of 3%. Portugal is expected to exit the EU’s excessive deficit
procedure by mid-2017.
|
Source
: CIA |
Company
name
VLARTEX-EMPRESADEMALHAS VILARINHO LDA
Financial
highlights
|
|
2014 |
2015 |
2016 |
|
Net Sales |
25.409.834,93 |
27.214.039,79 |
27.567.515,43 |
|
Net Income for the Year |
213.256,06 |
147.134,12 |
194.412,12 |
|
Shareholders |
4.041.104,26 |
4.035.769,86 |
4.168.962,24 |
|
Stock |
6.796.287,04 |
6.740.016,84 |
7.855.566,65 |
|
Liability |
18.938.339,99 |
20.815.784,46 |
20.612.550,65 |
|
Assets |
22.979.444,25 |
24.851.554,32 |
24.781.512,89 |
Summary
|
Legal Form |
Private Limited Company |
|
Constitution |
02-02-1978 |
|
V.A.T.
Number / NIF |
500751676 |
|
Employees |
128 |
|
Capital |
3.250.000,00 |
|
Sales in : 31-12-2016 |
27.567.515,43 |
|
Shareholders
Funds in: 31-12-2016 |
4.168.962,24 |
|
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 |
|
|
|
|
€ |
|
|
2014 |
2 |
5.380,86 |
|
|
Total |
2 |
5.380,86 |
|
Identification
|
Name |
VILARTEX-EMPRESA DE MALHAS VILARINHO LDA |
|
Trust Nº. |
133043 |
|
V.A.T. Number / NIF |
500751676 |
|
Address |
Rua Da Beira Alta, Nº 94, Apartado 160 |
|
Postal Code |
4805-224-Corvite |
|
Municipality |
Guimaraes |
|
District |
Braga |
|
Country |
Portugal |
|
Telephone |
253559300 |
|
Fax |
253559319 |
|
E-Mail |
vilartex@vilartex.pt |
|
Web Site |
www.vilartex.pt |
|
CAE Main |
13910- Manufacture of knitted fabrics |
MANAGEMENT
BODIES
|
CARLOS ALBERTO DE SOUSA PINTO |
Managing-Partner |
|
ANTONIO EMILIO PEREDES PINTO |
Managing-Partner |
|
RICARDO JOSE PAREDES PINTO |
Managing-Partner |
|
CARMEN DOS ANJOS PAREDES PINTO |
Managing-Partner |
LEGAL
STRUCTURE
Registed on the Register Record Office of Guimaraes with the Register
Number 500751676 previous number 1749 in 02-02-1978
Constitution celebrated in 02-02-1978 published on Diário da República
number 63 of 16-03-1978
To oblige the company it is necessary 2 signature
In 12-07-2017 on Portal MJ of 12-07-2017 annual financial statements
In 23-07-2016 on Portal MJ of 23-07-2016 annual financial statements
In 17-07-2015 on Portal MJ of 17-07-2015 annual financial statements
In 16-07-2014 on Portal MJ of 16-07-2014 annual financial statements
In 18-07-2013 on Portal MJ of 18-07-2013 annual financial statements
In 23-07-2012 on Portal MJ of 23-07-2012 annual financial statements
In 22-04-2010 on Portal MJ of 23-04-2010 increase of capital
In 01-06-2009 on Portal MJ of 01-06-2009 manager change
In 11-10-2007 on Portal MJ of 31-10-2007 scission
In 10-08-2007 on Portal MJ of 13-08-2007 scission project
Capital
The Capital is 3.250.000,00
|
with the following distribution |
|
|
|
CARLOS ALBERTO DE SOUSA PINTO |
1.625.000,00 |
50% |
|
MARIA ALEXANDRINA
MAGALHAES DA CUNHA PAREDES PINTO |
650.000,00 |
20% |
|
ANTONIO EMILIO PEREDES PINTO |
325.000,00 |
10% |
|
RICARDO JOSE PAREDES PINTO |
325.000,00 |
10% |
|
CARMEN DOS ANJOS PAREDES PINTO |
325.000,00 |
10% |
Biographies
|
Name |
CARLOS ALBERTO DE SOUSA PINTO |
|
Funtion |
Managing-Partner |
|
Address |
Avenida General Humberto Delgado, 178 - São
Paio |
|
Locality |
4800 GUIMARAES |
|
Birth Date |
16-02-1941 |
|
Naturality |
Guimarães |
|
Civil State |
Married |
|
Consort |
Maria Alexandrina Magalhães da Cunha
Paredes Pinto |
|
Previous Connections |
Foi socio da firma Pensiltex-Industria de
Confecções Lda |
|
Professional Connections |
The subject has connections with the
following company (ies) |
|
|
MAFRATINTAS-ISOLANTES,
TINTAS E COLAS LDA as Managing-Partner with a participation of 1.666,67 , in
a capital of 5.000,00 . |
|
Name |
MARIA ALEXANDRINA MAGALHAES DA CUNHA
PAREDES PINTO |
|
Funtion |
Partner |
|
Address |
Avenida General Humberto Delgado, 178 - São
Paio |
|
Locality |
4800 GUIMARAES |
|
Naturality |
São Sebastião |
|
Civil State |
Married |
|
Consort |
Carlos Alberto de Sousa Pinto |
|
Name |
ANTONIO EMILIO PEREDES PINTO |
|
Funtion |
Managing-Partner |
|
Address |
Avenida de Londres, 214 - 3º A |
|
Locality |
4810 GUIMARAES |
|
Naturality |
Oliveira do Castelo-Guimarães |
|
Civil State |
Married |
|
Consort |
Fátima Margarida Faria da Cunha e Reis Pinto |
|
Previous Connections |
Foi gerente das firmas Pensiltex- Industria de Confecções Lda e Pjic- Promoção Imobiliária Lda |
|
Historical
of Professional Connections
and Participations |
The
subject had links with the following company(ies): PJIC-PROMOCAO IMOBILIARIA LDA como Gerente. |
|
Links to others companies |
The subject has connections with the
following company (ies) |
|
|
PREDIGUIMA-SOCIEDADE IMOBILIARIA DO NORTE SA
as Board of Director's President |
|
|
PINTOTEX-MALHAS LDA as
Managing-Partner with a participation of 10.000,00 , in a capital of
30.000,00 . |
|
Name |
RICARDO JOSE PAREDES PINTO |
|
Funtion |
Managing-Partner |
|
Address |
Rua do Comandante Carvalho Crato |
|
Locality |
4800 CALDELAS GMR |
|
Naturality |
Oliveira do Castelo-Guimarães |
|
Civil State |
Married |
|
Consort |
Cristina Elisabete da Costa Marques |
|
Links to others
companies |
The subject has connections with the following
company (ies) |
|
|
PREDIGUIMA-SOCIEDADE IMOBILIARIA DO NORTE
SA as Board of Director's Vice-President . |
|
|
PINTOTEX-MALHAS LDA as
Managing-Partner with a participation of 10.000,00 , in a capital of
30.000,00 . |
|
Name |
CARMEN DOS ANJOS PAREDES PINTO |
|
Funtion |
Managing-Partner |
|
Address |
Avenida de Londres, 214-3º A |
|
Locality |
4810 GUIMARAES |
|
Naturality |
Creixomil-Guimarães |
|
Civil State |
Unmarried |
|
Links to others
companies |
The subject has connections with the
following company (ies) |
|
|
PREDIGUIMA-SOCIEDADE IMOBILIARIA DO NORTE
SA as Board of Director's Member . |
|
|
PINTOTEX-MALHAS LDA as
Managing-Partner with a participation of 10.000,00 , in a capital of
30.000,00 . |
ACTIVITIES
Main CAE 13910- Manufacture of knitted fabrics
BUSINESS DESCRIPTION
Production and sale of knitwear for clothing
GEOGRAPHIC
DISTRIBUTION OF SALES
|
|
INTERNAL
MARKET |
|
|
INTERNATIONAL MARKET |
|
|
|
|
YEAR |
|
|
EU |
|
EXTRA-EU |
|
TOTAL |
|
2016 |
26.055.326,55 |
94,51% |
1.408.766,45 |
5,11% |
103.422,43 |
0,38% |
27.567.515,43 |
|
2015 |
25.698.543,98 |
94,43% |
1.306.941,27 |
4,80% |
208.554,54 |
0,77% |
27.214.039,79 |
|
2014 |
24.228.703,08 |
95,35% |
1.076.212,07 |
4,24% |
104.919,78 |
0,41% |
25.409.834,93 |
|
2013 |
25.098.931,62 |
93,93% |
1.583.923,98 |
5,93% |
39.454,90 |
0,15% |
26.722.310,50 |
|
2012 |
19.824.604,02 |
91,96% |
1.724.743,45 |
8,00% |
8.329,93 |
0,04% |
21.557.677,40 |
GEOGRAPHIC
DISTRIBUTION OF PURCHASES
|
|
INTERNAL MARKET |
|
INTERNATIONAL MARKET |
|
|
|
|
|
YEAR |
|
|
EU |
|
EXTRA-EU |
|
TOTAL |
|
2016 |
12.218.246,87 |
47,56% |
4.094.119,15 |
15,94% |
9.375.748,15 |
36,50% |
25.688.114,17 |
|
2015 |
12.743.571,75 |
52,66% |
3.417.030,38 |
14,12% |
8.040.822,81 |
33,22% |
24.201.424,94 |
|
2014 |
10.573.905,75 |
46,40% |
5.727.051,20 |
25,13% |
6.486.982,88 |
28,47% |
22.787.939,83 |
|
2013 |
11.899.604,33 |
47,99% |
4.523.670,41 |
18,25% |
8.370.388,65 |
33,76% |
24.793.663,39 |
|
2012 |
9.884.283,76 |
49,13% |
2.642.431,38 |
13,13% |
7.591.775,90 |
37,74% |
20.118.491,04 |
BANKS AND
FINANCIAL INSTITUTIONS
|
MILLENNIUM BCP |
Guimarães |
|
NOVO BANCO, SA |
Guimarães |
|
BANCO BPI, SA |
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
€
2014 2 5.380,86
Total 2 5.380,86
LEGAL ACTIONS
|
Date |
22-04-2014 |
|
Process |
1071/14.8TBGMR |
|
Author |
Axa Versicherung Ag |
|
Type |
Common Process Action |
|
Amount |
5.000,00 |
|
Judicial District |
Guimarães - Tribunal
Judicial |
|
Date |
28-03-2014 |
|
Process |
26451/14.5YIPRT |
|
Author |
Ignios - Gestão Integrada de Risco S.A.
Anteriormente Denominada Coface S.A. |
|
Type |
Special Action of Pecuniary Obligation |
|
Amount |
380,86 |
|
Judicial District |
Lisboa - Tribunal de Pequena Instância Cível |
Employees
|
YEAR |
TOTAL |
MEN |
|
WOMEN |
|
|
2016 |
128 |
116 |
91% |
12 |
9% |
|
2015 |
118 |
106 |
90% |
12 |
10% |
|
2014 |
110 |
98 |
89% |
12 |
11% |
|
2013 |
107 |
95 |
89% |
12 |
11% |
|
2012 |
106 |
94 |
89% |
12 |
11% |
INSURANCE
Companhia
de Seguros Fidelidade Mundial
HEAD
OFFICE AND INSTALLATIONS
Head
office Rua da Beira Alta, nº 94, Apartado 160, 4805-224, CORVITE,
Tel:253559300, Fax:253559319
Had
head office Lugar de Antemil, 4800, GUIMARAES
PARTICIPATIONS
Direct
Participations
|
NAME |
PENSILTEX LDA |
|
Trust Nº. |
133039 |
|
Address |
Urbanização da Igreja, nº 363 |
|
Locality |
4835-276 GUIMARAES |
|
Country |
PORTUGAL |
|
Telephone |
253556855 |
|
Fax |
253556831 |
|
E-Mail |
pensiltex@pensiltex.pt |
|
C.A.E. |
14131- Manufacture of other outerwear in series |
|
Capital |
300.000,00 |
|
Participation |
50% |
FINANCIAL
DEMONSTRATION SNC
BALANCE SHEET SNC
|
COINEUROS |
|
|
|
YEAR:2016 |
|
|
2016 |
2015 |
2014 |
% VAR.2016/15 |
|
ASSET |
|
|
|
|
|
NON-CURRENT
ASSETS |
|
|
|
|
|
Tangible fixed assets |
5.822.530,69 |
5.746.104,18 |
5.410.025,26 |
1,33% |
|
Investment properties |
- |
- |
- |
- |
|
Goodwill |
- |
- |
- |
- |
|
Intangible assets |
67.404,45 |
50.777,94 |
37.907,31 |
32,74% |
|
Biological assets |
- |
- |
- |
- |
|
Financial participations - patrimonial
equity method |
- |
- |
- |
- |
|
Financial participations - other methods |
- |
- |
- |
- |
|
Shareholders/partners |
- |
- |
- |
- |
|
Other financial assets |
16.842,34 |
15.291,30 |
14.516,37 |
10,14% |
|
Deferred tax assets |
- |
- |
70.822,27 |
- |
|
Financial
investments(exclusive use by small entities and micro entities) |
- |
- |
- |
- |
|
Total |
5.906.777,48 |
5.812.173,42 |
5.533.271,21 |
1,63% |
|
|
|
|
|
|
|
CURRENT
ASSETS |
|
|
|
|
|
Inventories |
7.855.566,65 |
6.740.016,84 |
6.796.287,04 |
16,55% |
|
Biological assets |
- |
- |
- |
- |
|
Costumers |
10.073.937,97 |
11.150.269,98 |
9.793.426,66 |
(9,65)% |
|
Advances to suppliers |
- |
- |
- |
- |
|
State and other public entities |
163.214,39 |
230.410,05 |
191.875,22 |
(29,16)% |
|
Shareholders/partners |
- |
- |
- |
- |
|
Other accounts receivable |
456.724,22 |
259.559,34 |
378.263,93 |
75,96% |
|
Deferrals |
102.495,03 |
104.825,62 |
67.904,35 |
(2,22)% |
|
Financial assets held for trading |
96.798,37 |
64.420,98 |
66.410,98 |
50,26% |
|
Other financial assets |
- |
- |
- |
- |
|
Non-current assets held for sale |
- |
- |
- |
- |
|
Other current assets |
- |
- |
- |
- |
|
Cashier and bank deposits |
125.998,78 |
489.878,09 |
152.004,86 |
(74,28)% |
|
Total |
18.874.735,41 |
19.039.380,90 |
17.446.173,04 |
(0,86)% |
|
TOTAL ASSET |
24.781.512,89 |
24.851.554,32 |
22.979.444,25 |
(0,28)% |
SHAREHOLDER FUNDS AND
LIABILITIES
|
SHAREHOLDERS
FUNDS |
|
|
|
|
|
Capital |
3.250.000,00 |
3.250.000,00 |
3.250.000,00 |
- |
|
Own shares |
- |
- |
- |
- |
|
Other shareholders funds instruments |
- |
- |
- |
- |
|
Emission premiuns |
- |
- |
- |
- |
|
Legal reserves |
164.670,01 |
164.670,01 |
158.580,77 |
- |
|
Other reserves |
317.764,85 |
214.538,19 |
98.842,73 |
48,12% |
|
Net retained |
- |
(43.907,46) |
(91.471,36) |
- |
|
Adjustments on financial assets |
- |
- |
- |
- |
|
Revaluation surplus |
221.688,75 |
303.335,00 |
384.981,25 |
(26,92)% |
|
Other shareholders funds changes |
20.426,51 |
- |
26.914,81 |
- |
|
Total |
3.974.550,12 |
3.888.635,74 |
3.827.848,20 |
2,21% |
|
Net income for the period |
194.412,12 |
147.134,12 |
213.256,06 |
32,13% |
|
Antecipated dividends |
- |
- |
- |
- |
|
TOTAL OF SHAREHOLDERS FUNDS |
4.168.962,24 |
4.035.769,86 |
4.041.104,26 |
3,30% |
|
|
|
|
|
|
|
LIABILITY |
|
|
|
|
|
NON-CURRENT
LIIABILITIES |
|
|
|
|
|
Provisions |
- |
- |
- |
- |
|
Financing obtained |
3.467.819,48 |
3.393.370,94 |
3.109.378,58 |
2,19% |
|
Responsability for post-employment
beneficts |
- |
- |
- |
- |
|
Diferred taxes liabilities |
64.361,25 |
88.065,00 |
111.768,75 |
(26,92)% |
|
Other payable accounts |
- |
- |
- |
- |
|
Total |
3.532.180,73 |
3.481.435,94 |
3.221.147,33 |
1,46% |
|
|
|
|
|
|
|
CURRENT
LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
Suppliers |
5.850.533,64 |
6.432.536,98 |
6.349.373,34 |
(9,05)% |
|
Advances from costumers |
- |
- |
- |
- |
|
State and other public entities |
496.985,42 |
497.283,45 |
77.291,87 |
(0,06)% |
|
Shareholders/partners |
- |
- |
- |
- |
|
Financing obtained |
10.286.132,13 |
10.005.053,70 |
8.904.880,89 |
2,81% |
|
Other payable accounts |
429.318,73 |
364.674,39 |
333.446,56 |
17,73% |
|
Deferrals |
17.400,00 |
34.800,00 |
52.200,00 |
(50,00)% |
|
Financial liabilities held for trading |
- |
- |
- |
- |
|
Other financial liabilities |
- |
- |
- |
- |
|
Non-current liabilities held for sale |
- |
- |
- |
- |
|
Other current liabilities |
- |
- |
- |
- |
|
Total |
17.080.369,92 |
17.334.348,52 |
15.717.192,66 |
(1,47)% |
|
TOTAL LIABILITIES |
20.612.550,65 |
20.815.784,46 |
18.938.339,99 |
(0,98)% |
|
TOTAL SHAREHOLDERS FUNDS AND
LIABILITIES |
24.781.512,89 |
24.851.554,32 |
22.979.444,25 |
(0,28)% |
|
INCOME
STATEMENT |
|
|
|
|
|
INCOME
AND EXPENSES |
|
|
|
|
|
Sales and services |
27.567.515,43 |
27.214.039,79 |
25.409.834,93 |
1,30% |
|
Operating government grants |
69.712,58 |
10.140,24 |
- |
587,48% |
|
Gains/losses allocated subsidiaries,
associates and joint ventures |
- |
- |
- |
- |
|
Variation in production inventories |
116.053,03 |
(82.009,11) |
(135.041,48) |
(241,51)% |
|
Work for the entity itself |
- |
- |
- |
- |
|
Cost of goods sold and materials consumed |
19.724.958,90 |
18.780.648,65 |
18.219.982,93 |
5,03% |
|
Suppliers and external services |
4.876.627,72 |
5.494.284,95 |
4.289.841,55 |
(11,24)% |
|
Personnel costs |
1.887.378,39 |
1.511.566,66 |
1.492.227,92 |
24,86% |
|
Impairment of inventories
(losses/revearsals) |
87.030,77 |
(99.247,57) |
94.666,95 |
(187,69)% |
|
Impairment of receivables
(losses/revearsals) |
(150.842,05) |
307.840,92 |
16.254,02 |
(149,00)% |
|
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 |
289.123,79 |
356.629,26 |
385.278,75 |
(18,93)% |
|
Other expenses and losses |
423.430,53 |
410.009,42 |
385.796,17 |
3,27% |
|
Result before depreciation, financing
costs and taxes |
1.193.820,57 |
1.093.697,15 |
1.161.302,66 |
9,15% |
|
Expenses/reversals of depreciation and
amortization |
661.193,92 |
601.034,21 |
545.245,71 |
10,01% |
|
Impairment of
investments depreciable/amortizable (losses/reversals) |
- |
- |
- |
- |
|
Operating result (before financing
costs and taxes) |
532.626,65 |
492.662,94 |
616.056,95 |
8,11% |
|
Interest and similar income obtained |
- |
- |
- |
- |
|
interest and similar expenses incurred |
274.910,81 |
286.023,91 |
329.086,24 |
(3,89)% |
|
Net before taxes |
257.715,84 |
206.639,03 |
286.970,71 |
24,72% |
|
Income tax of the period |
63.303,72 |
59.504,91 |
73.714,65 |
6,38% |
|
Net profit for the period |
194.412,12 |
147.134,12 |
213.256,06 |
32,13% |
|
Results of discontinued operations (net of
taxes) included in the net icome of the period |
- |
- |
- |
- |
Ratios
snc
|
YEAR |
2016 |
2015 |
2014 |
|
TURNOVER RATIOS |
|
|
|
|
Shareholder's Funds Profitability (Net
Income / Shareholders Funds) (%) |
4,66 |
3,65 |
5,28 |
|
Return on Assets (Operating Result / Total
Asset)(%) |
2,15 |
1,98 |
2,68 |
|
Sales Net Profitability (Net Income /
Sales) (%) |
0,71 |
0,54 |
0,84 |
|
EFFICIENCY RATIOS |
|
|
|
|
Medium Term Receivable (Costumers / Sales)
* 365 (d) |
133,38 |
149,55 |
140,68 |
|
Medium Term
Payable (Suppliers / Purchases + Suppliers and
external services)*365 (d) |
83,13 |
97,01 |
101,70 |
|
Asset Rotation (Sales / Toral Asset) (%) |
111,24 |
109,51 |
110,58 |
|
PRODUCTIVITY RATIOS |
|
|
|
|
Gross Added Value / Employee (#) |
23.573,34 |
23.846,25 |
25.131,38 |
|
Sales / Employee (#) |
215.371,21 |
230.627,46 |
230.998,50 |
|
Productivity (Gross Added Value / Personnel
costs) (#) |
1,60 |
1,86 |
1,85 |
|
SHORT TERM RATIOS |
|
|
|
|
General Liquidity (Current Assets / Current
Liabilities) (#) |
1,11 |
1,10 |
1,11 |
|
Reduced Liquidity (Current Assets -
Inventories / Current Liabilities) (#) |
0,65 |
0,71 |
0,68 |
|
Immediate Liquidity (Cashier and bank deposits
/ Current Liabilities) (#) |
0,01 |
0,03 |
0,01 |
|
MEDIUM LONG TERM RATIOS |
|
|
|
|
Financial Autonomy (Shareholders Funds /
Total Asset) (%) |
16,82 |
16,24 |
17,59 |
|
Solvability(Shareholders Funds / Total
Liabilities) (%) |
20,23 |
19,39 |
21,34 |
|
Debt Structure (Current Liabilities / Total
Liabilities) (%) |
82,86 |
83,28 |
82,99 |
|
General Debt (Total Liabilities / Total
Asset) (%) |
83,18 |
83,76 |
82,41 |
|
Debt Capacity (Shareholders
Funds / Shareholders Funds + Non Current Liabilities)(%) |
54,13 |
53,69 |
55,65 |
|
Capital Structure (Shareholder's Funds /
Non Current Liabilities) (%) |
118,03 |
115,92 |
125,46 |
|
OPERATIONAL AND FINANCIAL RISK |
|
|
|
|
Operational Leverage Level (OLL) (Gross
Margin / Operating Result) (#) |
14,72 |
17,12 |
11,67 |
|
Financial
Leverage Level (FLL) (Gross Operating Profit / Operating
Result) (#) |
2,07 |
2,38 |
2,15 |
|
Combined Leverage Level (OLL x FLL) (#) |
30,43 |
40,81 |
25,06 |
CASH
FLOW STATEMENT
|
RUBRICS |
2016 |
2015 |
PERIODS |
|
CASH FLOWS FROM OPERATIONAL ACTIVITIES |
|
|
|
|
Customers receipts |
28.266.182,11 |
25.713.535,15 |
9,93% |
|
Payments to suppliers |
26.521.627,00 |
23.805.173,29 |
11,41% |
|
Payments to employees |
1.848.188,09 |
1.513.882,44 |
22,08% |
|
Cash at bank generated from
operations |
(103.632,98) |
394.479,42 |
(126,27)% |
|
Payment/receipt of income tax |
3.891,94 |
(127.190,44) |
103,06% |
|
Other receipts/payments |
(46.264,39) |
350.033,64 |
(113,22)% |
|
Cash Flows from Operational
Activities (A) |
(146.005,43) |
617.322,62 |
(123,65)% |
|
CASH FLOWS' INVESTMENT ACTIVITIES |
|
|
|
|
Payments regarding: |
|
|
|
|
Fixed tangible assets |
683.407,86 |
998.257,07 |
(31,54)% |
|
Intangible assets |
50.719,79 |
34.237,55 |
48,14% |
|
Financial investments |
- |
702,43 |
- |
|
Other assets |
- |
- |
- |
|
Receipts from: |
|
|
|
|
Fixed tangible assets |
- |
- |
- |
|
Intangible assets |
- |
- |
- |
|
Financial investments |
18.911,72 |
- |
- |
|
Other assets |
- |
- |
- |
|
Investment subsidies |
- |
- |
- |
|
Interest and similar income |
18.207,30 |
11.411,54 |
59,55% |
|
Dividends |
- |
- |
- |
|
Cash Flows' Investments Activities
(B) |
(697.008,63) |
(1.021.785,51) |
31,79% |
|
CASH FLOWS' INVESTMENT ACTIVITIES |
|
|
|
|
Receipts from: |
|
|
|
|
Obtained financing |
1.205.709,38 |
1.004.945,13 |
19,98% |
|
Paying-up of capital and other equity
instruments |
- |
- |
- |
|
Coverage of losses |
- |
- |
- |
|
Donations |
- |
- |
- |
|
Other financing operations |
- |
- |
- |
|
Payments regarding: |
|
|
|
|
Obtained financing |
512.342,53 |
- |
- |
|
Interests and similar expenses |
261.814,26 |
294.418,77 |
(11,07)% |
|
Dividends |
- |
- |
- |
|
Capital's redution and other equity instruments |
- |
- |
- |
|
Other financing operations |
- |
- |
- |
|
Cash Flows' Financing Activities © |
431.552,59 |
710.526,36 |
(39,26)% |
|
Variation in cash at bank and its
equivalents (A+B+C) |
(411.461,47) |
306.063,47 |
(234,44)% |
|
Effect of exchange differences |
79.959,55 |
29.819,76 |
168,14% |
|
Cash at bank and its equivalents at the start of period |
554.299,07 |
218.415,84 |
153,78% |
|
Cash at bank and its equivalents at the end of period |
222.797,15 |
554.299,07 |
(59,81)% |
Cash
flows
MOVIMENTOS
DO PERIODO DE 2016
|
RUBRICS |
INITIAL
BALANCE |
DEBITS |
CREDITS |
FINAL BALANCE |
|
PERIOD'S CARRYING AMOUNT AND
MOVEMENTS |
|
|
|
|
|
Cash in hand |
28.296,15 |
1.913.524,93 |
1.941.728,06 |
93,02 |
|
Order deposits |
331.581,94 |
100.152.883,32 |
100.358.559,50 |
125.905,76 |
|
Other bank deposits |
130.000,00 |
- |
130.000,00 |
0,00 |
|
Total cash at bank and bank deposits |
489.878,09 |
102.066.408,25 |
102.430.287,56 |
125.998,78 |
|
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 PERIOD |
VALUE
ATTRIBUTED TO
THE PERIOD |
VALUE
ASSIGNED IN THE PERIOD OR IN
PREVIOUS PERIODS |
VALUE
ATTRIBUTED
TO THE
PERIOD |
|
Grants related to assets/investment: |
- |
0,00 |
- |
0,00 |
|
Fixed tangible assets |
- |
0,00 |
- |
0,00 |
|
Land and Natural Resources |
- |
- |
- |
- |
|
Buildings and other structures |
- |
- |
- |
- |
|
Basic equipment |
- |
0,00 |
- |
- |
|
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 |
- |
55.943,73 |
- |
13.768,85 |
|
Value of repayments in the period: |
- |
0,00 |
- |
0,00 |
|
Grants related to assets/investment |
- |
- |
- |
- |
|
Grants related to income / operating |
- |
- |
- |
- |
|
TOTAL |
- |
55.943,73 |
- |
13.768,85 |
IMPAIRMENT
LOSSES IN FINANCIAL ASSETS AT COST OR AT AMORTIZED COST
|
|
MOVIMENTOS DO PERIODO DE 2016 |
|||
|
RUBRICS |
IMPAIRMENT LOSSES |
IMPAIRMENT LOSSES |
TOTAL |
|
|
REVERSALS |
|
|||
|
Receivable debts from customers |
11.535,09 |
162.377,14 |
(150.842,05) |
|
|
Other receivables |
- |
- |
0,00 |
|
|
Equity instruments and other securities |
- |
- |
0,00 |
|
|
Others |
- |
- |
0,00 |
|
|
TOTAL |
11.535,09 |
162.377,14 |
(150.842,05) |
|
|
DEBTS REGISTERED AS DOUBTFUL |
|
|
|
|
|
RUBRICS |
VALUE |
|
Regarding insolvency and company recovery
procedures or enforcement procedures |
- |
|
Claimed in court |
183.280,58 |
|
In arrears: |
91.087,79 |
|
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 |
91.087,79 |
|
TOTAL |
274.368,37 |
EMPLOYEE
BENEFITS, COMPANY EMPLOYEES AND PERSONNEL COSTS
|
RUBRICS |
AVERAGE NUMBER OF EMPLOYEES |
AVERAGE NUMBER OF HOURS WORKED |
|
Company employees, paid and unpaid |
128 |
225.280 |
|
Paid company employees |
128 |
225.280 |
|
Company UNPAID employees |
0 |
0 |
|
Company employees, by type of working hours |
|
|
|
Full time company employees |
128 |
225.280 |
|
Of which: Full time company employees |
128 |
225.280 |
|
Part time company employees |
- |
- |
|
Of which: Part time company employees |
- |
- |
|
Company employees, by gender: |
|
|
|
Men |
116 |
204.160 |
|
Women |
12 |
21.120 |
|
Company employees, of which: |
|
|
|
Company employees assigned to Research and Development |
2 |
- |
|
Service providers |
- |
- |
|
People placed through temporary employment agencies |
- |
- |
STAFF
COSTS
|
|
|
RUBRICS |
VALUE |
|
Staff costs |
1.887.378,39 |
|
Governance Bodies Remuneration |
96.790,00 |
|
Of which: Profit-sharing |
- |
|
Employees remuneration |
1.435.888,87 |
|
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 |
335.875,62 |
|
Insurance for accidents at work and
professional diseases |
14.592,00 |
|
Social security expenses |
- |
|
Other staff costs |
4.231,90 |
|
Of which: |
|
|
Expenditure on education |
- |
|
Expenditure on uniforms |
- |
Information
by geographic markets
|
|
|
GEOGRAPHIC MARKETS |
|
|
|
RUBRICS |
INTERNAL |
EU |
EXTRA-EU |
TOTAL |
|
Sales |
25.990.943,45 |
1.383.059,05 |
99.952,68 |
27.473.955,18 |
|
Services provided |
64.383,10 |
25.707,40 |
3.469,75 |
93.560,25 |
|
Purchases |
7.558.152,14 |
3.880.607,95 |
9.372.726,36 |
20.811.486,45 |
|
Supplies and external services |
4.660.094,73 |
213.511,20 |
3.021,79 |
4.876.627,72 |
|
Acquisition of fixed tangible assets |
497.732,95 |
317.269,22 |
- |
815.002,17 |
|
Acquisition of investment properties |
- |
- |
- |
0,00 |
|
Acquisition of intangible assets |
15.766,20 |
34.953,57 |
- |
50.719,77 |
|
Supplementary income: |
400,00 |
0,00 |
0,00 |
400,00 |
|
Social services |
400,00 |
- |
- |
400,00 |
|
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
(undiscounted values) |
- |
- |
- |
0,00 |
RECEIVABLE
AND PAYABLE ACCOUNTS
|
RUBRICS |
2016 |
2015 |
PERIODS |
|
CUSTOMERS |
|
|
|
|
Trade accounts receivable |
6.096.480,59 |
6.985.814,77 |
(12,73)% |
|
Trade notes receivable |
4.251.825,75 |
4.589.665,63 |
(7,36)% |
|
Advances received from customers |
- |
- |
- |
|
SUPPLIERS |
|
|
|
|
Trade accounts payable |
4.001.597,62 |
4.469.104,74 |
(10,46)% |
|
Trade notes payable |
1.848.936,02 |
1.963.432,24 |
(5,83)% |
|
Trade accounts payable - unchecked invoices |
- |
- |
- |
|
Advances to suppliers |
- |
- |
- |
Staff
|
Payable remunerations |
916,09 |
- |
- |
|
Advanced payments |
- |
- |
- |
|
Bonds |
- |
170,00 |
- |
|
Other operations |
- |
- |
- |
|
STATE AND OTHER PUBLIC SECTOR
INSTITUTIONS |
|
|
|
|
Income Tax |
163.214,39 |
289.914,96 |
(43,70)% |
|
Deductible IVA (debt cumulative amounts) |
6.289.868,18 |
5.919.488,88 |
6,26% |
|
Paid IVA (credit cumulative amounts) |
7.280.141,00 |
7.101.317,57 |
2,52% |
|
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 |
261.716,26 |
214.545,19 |
21,99% |
|
Deferred tax assets |
- |
- |
- |
|
Deferred tax liabilities |
64.361,25 |
88.065,00 |
(26,92)% |
|
Unreleased subscriptions - Creditors |
- |
- |
- |
|
Advances received on account of sales |
- |
- |
- |
|
OTHER DEBTORS AND CREDITORS |
|
|
|
|
Other debtors |
456.724,22 |
259.559,34 |
75,96% |
|
Other creditors |
- |
- |
- |
Expense
accounts
|
RUBRICS |
2016 |
2015 |
PERIODS |
|
Supplies and external services |
4.876.627,72 |
5.494.284,95 |
(11,24)% |
|
Subcontracts |
3.303.652,25 |
4.001.774,26 |
(17,45)% |
|
Specialized services |
409.242,65 |
415.574,55 |
(1,52)% |
|
Specialized works |
129.175,32 |
134.200,07 |
(3,74)% |
|
Of which:
Payments to workers placed through agencies |
- |
- |
- |
|
Advertising and promotion |
61.069,23 |
61.790,41 |
(1,17)% |
|
Surveillance and security |
1.915,66 |
2.057,21 |
(6,88)% |
|
Fees |
16.020,00 |
19.699,39 |
(18,68)% |
|
Comissions |
44.516,47 |
34.610,84 |
28,62% |
|
Maintenance and repairs |
77.864,81 |
76.318,34 |
2,03% |
|
Others |
78.681,16 |
86.898,29 |
(9,46)% |
|
Materials |
293.281,80 |
303.825,14 |
(3,47)% |
|
Fast wear tools and utensils |
167.674,94 |
189.128,41 |
(11,34)% |
|
Books and technical documentation |
320,78 |
962,81 |
(66,68)% |
|
Office material |
22.030,96 |
18.937,85 |
16,33% |
|
Gift items |
16.876,11 |
8.008,89 |
110,72% |
|
Others |
86.379,01 |
86.787,18 |
(0,47)% |
|
Energy and fluids |
338.361,58 |
309.140,50 |
9,45% |
|
Electricity |
226.597,94 |
216.918,04 |
4,46% |
|
Fuels |
75.393,87 |
66.457,08 |
13,45% |
|
Water |
1.134,67 |
689,75 |
64,50% |
|
Others |
35.235,10 |
25.075,63 |
40,52% |
|
Travel, lodging and transportation |
155.951,51 |
112.274,99 |
38,90% |
|
Travel and lodging |
45.506,32 |
19.528,95 |
133,02% |
|
Transport of personnel |
- |
- |
- |
|
Transport of goods |
82.025,63 |
69.022,94 |
18,84% |
|
Others |
28.419,56 |
23.723,10 |
19,80% |
|
Different services |
376.137,93 |
351.695,51 |
6,95% |
|
Rents and leases |
118.201,00 |
117.403,20 |
0,68% |
|
Of which: Rents from land |
- |
- |
- |
|
Communication |
30.591,26 |
32.598,67 |
(6,16)% |
|
Insurance |
118.889,07 |
114.792,79 |
3,57% |
|
Royalties |
- |
- |
- |
|
Litigation and Notaries |
774,00 |
1.153,12 |
(32,88)% |
|
Representation expenses |
4.759,88 |
4.374,24 |
8,82% |
|
Cleaning, hygiene and comfort |
27.836,91 |
24.453,02 |
13,84% |
|
Other services |
75.085,81 |
56.920,47 |
31,91% |
DELIBERATION
OF APPROVAL OF ACCOUNTS
Were
the financial year's accounts approved?
YES
Data
da Aprovação: 15-04-2017
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 |
194.412,12 |
103.226,66 |
|
Allocated results / Available profits |
0,00 |
0,00 |
|
Percentages or bonuses to managing bodies |
- |
- |
|
Ditto to staff |
- |
- |
|
Reserves |
194.412,12 |
103.226,66 |
|
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
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: 502852046
Was
the Legal certification of accounts issued?
YES
Without reservation
and without emphasis
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.47 |
|
|
1 |
INR 86.15 |
|
Euro |
1 |
INR 75.92 |
|
Euro |
1 |
INR 77.36 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
TPT |
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.