|
|
|
MIRA
INFORM REPORT
|
Report No. : |
496159 |
|
Report Date : |
08.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
TEXTEIS J. F. ALMEIDASA |
|
|
|
|
Registered Office : |
Av. Silvares Nº 39 4815-253-Moreira De Cónegos Guimaraes Braga |
|
|
|
|
Country : |
Portugal |
|
|
|
|
Financials (as on) : |
2016 |
|
|
|
|
Date of Incorporation : |
15.01.1985 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
·
Weaving the type of cotton yarn ·
Preparation and spinning fiber-type cotton ·
Finishing of yarns, fabrics and textiles, n.d |
|
|
|
|
No. of Employees : |
479 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
Portugal |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
PORTUGAL - ECONOMIC OVERVIEW
Portugal has become a diversified and increasingly service-based economy since joining the European Community - the EU's predecessor - in 1986. Over the following two decades, successive governments privatized many state-controlled firms and liberalized key areas of the economy, including the financial and telecommunications sectors. The country joined the Economic and Monetary Union in 1999 and began circulating the euro on 1 January 2002 along with 11 other EU members.
The economy grew by more than the EU average for much of the 1990s, but the rate of growth slowed in 2001-08. After the global financial crisis in 2008, Portugal’s economy contracted in 2009 and fell into recession from 2011 to 2013, as the government implemented spending cuts and tax increases to comply with conditions of an EU-IMF financial rescue package, signed in May 2011. Portugal successfully exited its EU-IMF program in May 2014, and its economic recovery gained traction in 2015 because of strong exports and a rebound in private consumption. GDP growth accelerated in 2016, and probably reached 2.5 % in 2017. Unemployment remained high, at 9.7% in 2017, but has improved steadily since peaking at 18% in 2013.
The center-left minority Socialist government has unwound some unpopular austerity measures while managing to remain within most EU fiscal targets. The budget deficit fell from 11.2% of GDP in 2010 to 1.8% in 2017, the country’s lowest since democracy was restored in 1974, and surpassing the EU and IMF projections of 3%. Portugal exited the EU’s excessive deficit procedure in mid-2017.
|
Source
: CIA |
Company name
TEXTEIS J. F. ALMEIDASA
FINANCIAL HIGHLIGHTS
|
|
2014 |
2015 |
2016 |
|
Net sales |
32.278.247,73 |
35.830.387,55 |
38.623.037,60 |
|
Net income for the year |
1.749.717,59 |
2.096.205,96 |
3.458.217,90 |
|
Shareholders fund |
12.049.995,15 |
14.112.739,51 |
17.663.828,02 |
|
Stocks |
9.159.424,17 |
8.511.483,79 |
7.199.916,84 |
|
liability |
20.486.878,55 |
20.909.255,41 |
18.922.643,54 |
|
Assets |
32.536.873,70 |
35.021.994,92 |
36.586.471,56 |
SUMMARY |
|
|
|
Legal Form |
|
Joint Stock Company |
|
Constitution |
|
15-01-1985 |
|
V.A.T. Number / NIF |
|
501564683 |
|
Employees |
|
479 |
|
Capital |
|
5.000.000,00 |
|
Sales in : 31-12-2016 |
|
38.623.037,60 |
|
Shareholders Funds in: 31-12-2016 |
|
17.663.828,02 |
|
Credit Risk Level |
|
Reduced Credit Risk |
|
Credit Recommendation |
|
Credit Worthy |
|
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 |
|
|
|
|
€ |
|
|
2015 |
1 |
8.517,73 |
|
|
Total |
1 |
8.517,73 |
|
IDENTIFICATION |
|
|
|
Name |
TEXTEIS J. F. ALMEIDA SA |
|
|
Trust Nº. |
730867 |
|
|
V.A.T. Number / NIF |
501564683 |
|
|
Address |
Av. Silvares nº 39 |
|
|
Postal Code |
4815-253-MOREIRA DE CÓNEGOS |
|
|
Municipality |
GUIMARAES |
|
|
District |
BRAGA |
|
|
Country |
Portugal |
|
|
Telephone |
253560000 |
|
|
Fax |
253560009 |
|
|
E-Mail |
geral@jfa.pt |
|
|
Web Site |
www.jfa.pt |
|
|
CAE Main |
13201- Weaving the type of cotton yarn |
|
|
CAE Secondary |
13101- Preparation and spinning fiber-type cotton |
|
|
CAE Secondary |
13303- Finishing of yarns, fabrics and textiles, n.d |
|
GOVERNING BODIES |
|
|
|
|
Board of Director's |
|
|
|
|
JOAQUIM FERREIRA DE ALMEIDA |
|
|
Board of Director's President |
|
JOAQUIM MIGUEL MONTEIRO DE ALMEIDA |
|
|
Board of Director's Member |
|
MIGUEL PAULO DE AZEVEDO PACHECO |
|
|
Board of Director's Member |
Fiscal Board
|
CARLOS CUNHA, CAMPOS & ASSOCIADOS, SROC LDA |
Unique Fiscal |
|
MANUEL AGONIA PEREIRA CAMPOS |
Fiscal Board Substitute |
LEGAL STRUCTURE
Registed on the Register Record Office of Guimaraes with the Register
Number 501564683 previous number 2354 in 15-01-1985 Constitution celebrated in
15-01-1985 published on Diário da República of 07-02-1985
To oblige the company it is necessary 1 signatures
CHANGES TO SOCIETY
In 13-11-2017 on Portal MJ of 13-11-2017 social change
In 13-11-2017 on Portal MJ of 13-11-2017 social change
In 06-07-2017 on Portal MJ of 06-07-2017 annual financial statements
In 22-07-2016 on Portal MJ of 22-07-2016 annual financial statements
In 15-06-2016 on Portal MJ of 15-06-2016 appointment of board of
directors
In 17-07-2015 on Portal MJ of 17-07-2015 annual financial statements
In 04-09-2014 on Portal MJ of 04-09-2014 board of director's change
In 27-06-2014 on Portal MJ of 27-06-2014 annual financial statements
In 21-11-2013 on Portal MJ of 21-11-2013 increase of capital
In 04-07-2013 on Portal MJ of 04-07-2013 annual financial statements
CAPITAL
The Capital is 5.000.000,00 , divided in 1000000 shares , with a nominal
value of 5,00
BIOGRAPHIES
|
Name |
JOAQUIM FERREIRA DE ALMEIDA |
|
Funtion |
Board of Director's President |
|
Historical of Professional Connections and Participations |
The subject had links with the following company(ies): |
|
|
RMJJ-IMOBILIARIA SA como Presidente do Conselho de Administração. |
|
|
JULIFIOS SA como Administrador Único. |
|
Links to others companies |
The subject has connections with the following company (ies) |
|
|
TEICRIGEST-PROMOCAO IMOBILIARIA SA as Board of Director's President . |
|
|
IMOBILIARIA ALVE SA as Unique Administrator . |
|
|
MOREIRENSE FUTEBOL CLUBE-FUTEBOL SAD as Administrator . |
|
|
MI CASA ES TU CASA-SOURCING & TRADING LDA as Managing-Partner with
a participation of 39.996,00 , in a capital of 120.000,00 . |
|
Name |
JOAQUIM MIGUEL MONTEIRO DE ALMEIDA |
|
Funtion |
Board of Director's Member |
|
Historical of Professional Connections and
Participations |
The subject had links with the following company(ies): |
|
|
RMJJ-IMOBILIARIA SA como Administrador. |
|
Links to others companies |
The subject has connections with the following company (ies) TEICRIGEST-PROMOCAO IMOBILIARIA SA as Board of Director's Member . |
|
Name |
MIGUEL PAULO DE AZEVEDO PACHECO |
|
Funtion |
Board of Director's Member |
|
Historical of Professional Connections and
Participations |
The subject had links with the following company(ies): |
|
|
RMJJ-IMOBILIARIA SA como Administrador. |
|
Links to others companies |
The subject has connections with the following company (ies) TEICRIGEST-PROMOCAO IMOBILIARIA SA as Board of Director's Member . MI CASA ES TU CASA-SOURCING & TRADING LDA as Managing-Partner with
a participation of 39.996,00 , in a capital of 120.000,00 . |
ACTIVITIES
|
Main CAE |
|
13201- Weaving the type of cotton yarn |
|
|
|
|
|
|
Secundary CAE |
|
13101- Preparation and spinning fiber-type cotton |
|
|
|
|
|
|
Secundary CAE |
|
13303- Finishing of yarns, fabrics and textiles, n.d |
|
|
|
|
|
BUSINESS DESCRIPTION
Indústria têxtil
GEOGRAPHIC DISTRIBUTION OF SALES
|
|
INTERNAL MARKET |
|
|
|
INTERNATIONAL MARKET |
|
|
|
YEAR |
|
|
EU |
|
EXTRA-EU |
|
TOTAL |
|
2016 |
13.692.836,60 |
35,45% |
23.073.602,00 |
59,74% |
1.856.599,00 |
4,81% |
38.623.037,60 |
|
2015 |
9.849.482,58 |
27,49% |
24.143.254,82 |
67,38% |
1.837.650,15 |
5,13% |
35.830.387,55 |
|
2014 |
10.970.775,04 |
33,99% |
19.175.774,90 |
59,41% |
2.131.697,79 |
6,60% |
32.278.247,73 |
|
2013 |
11.802.399,94 |
41,84% |
15.206.416,62 |
53,91% |
1.197.734,20 |
4,25% |
28.206.550,76 |
|
2012 |
10.438.271,23 |
37,92% |
15.669.516,70 |
56,92% |
1.422.723,64 |
5,17% |
27.530.511,57 |
GEOGRAPHIC DISTRIBUTION OF PURCHASES
|
|
INTERNAL MARKET |
|
|
INTERNATIONAL MARKET |
|
|
|
|
YEAR |
|
|
EU |
|
EXTRA-EU |
|
TOTAL |
|
2016 |
17.069.531,20 |
69,75% |
1.558.656,85 |
6,37% |
5.846.000,30 |
23,89% |
24.474.188,35 |
|
2015 |
17.251.680,99 |
71,29% |
1.819.884,48 |
7,52% |
5.126.428,52 |
21,19% |
24.197.993,99 |
|
2014 |
14.767.381,63 |
69,95% |
2.400.168,68 |
11,37% |
3.944.000,52 |
18,68% |
21.111.550,83 |
|
2013 |
11.553.874,88 |
61,32% |
2.594.548,21 |
13,77% |
4.692.998,40 |
24,91% |
18.841.421,49 |
|
2012 |
10.829.248,95 |
55,66% |
6.012.609,16 |
30,90% |
2.613.539,15 |
13,43% |
19.455.397,26 |
BANKS AND FINANCIAL INSTITUTIONS
|
BANCO SANTANDER TOTTA SA |
|
|
Guimarães |
|
BANCO BPI, SA |
|
|
Braga |
|
MILLENNIUM BCP |
|
|
Braga |
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 |
|
|
|
€ |
|
2015 |
1 |
8.517,73 |
|
Total |
1 |
8.517,73 |
|
LEGAL ACTIONS |
|
|
Date |
27-01-2015 |
|
Process |
191156/14.5YIPRT |
|
Author |
A. Sousa & F. Vieira, Lda. |
|
Type |
Special Action of Pecuniary Obligation |
|
Amount |
8.517,73 |
|
Judicial District |
Santo Tirso - Trib. Jud. Com. do Porto |
EMPLOYEES |
|
|
|
|
|
|
YEAR |
TOTAL |
MEN |
|
WOMEN |
|
|
2016 |
479 |
323 |
67% |
156 |
33% |
|
2015 |
427 |
291 |
68% |
136 |
32% |
|
2014 |
398 |
270 |
68% |
128 |
32% |
|
2013 |
387 |
262 |
68% |
125 |
32% |
|
2012 |
375 |
251 |
67% |
124 |
33% |
HEAD OFFICE AND INSTALLATIONS
Has head office Av. Silvares nº 39, 4815-253, MOREIRA DE CÓNEGOS
PARTICIPATIONS
DIRECT PARTICIPATIONS
|
NAME |
TEICRIGEST-PROMOCAO IMOBILIARIA SA |
|
Trust Nº. |
653149 |
|
Address |
Avenida de Silvares, nº 39 |
|
Locality |
4815-253 MOREIRA DE CÓNEGOS |
|
Country |
PORTUGAL |
|
Telephone |
253560000 |
|
E-Mail |
teicrigest@gmail.com |
|
C.A.E. |
41100- Property development (development of building projects) |
|
Capital |
50.000,00 |
|
Participation |
97,00% |
FINANCIAL DEMONSTRATION SNC
BALANCE SHEET SNC
|
COINEUROS |
|
|
|
YEAR:2016 |
|
|
2016 |
2015 |
2014 |
% VAR.2016/15 |
|
ASSET |
|
|
|
|
|
NON-CURRENT ASSETS |
|
|
|
|
|
Tangible fixed assets |
18.308.793,86 |
15.467.311,22 |
14.859.827,11 |
18,37% |
|
Investment properties |
- |
- |
- |
- |
|
Goodwill |
- |
- |
- |
- |
|
Intangible assets |
163.058,09 |
29.836,87 |
12.780,02 |
446,50% |
|
Biological assets |
- |
- |
- |
- |
|
Financial participations - patrimonial equity method |
28.270,20 |
66.887,99 |
81.807,55 |
(57,74)% |
|
Financial participations - other methods |
- |
51.647,11 |
45.197,11 |
- |
|
Shareholders/partners |
- |
- |
- |
- |
|
Other financial assets |
250.150,47 |
413.325,63 |
403.488,90 |
(39,48)% |
|
Deferred tax assets |
1.809.614,01 |
947.666,74 |
526.761,94 |
90,95% |
|
Financial investments(exclusive use by small entities and micro
entities) |
- |
- |
- |
- |
|
Total |
20.559.886,63 |
16.976.675,56 |
15.929.862,63 |
21,11% |
|
CURRENT ASSETS |
|
|
|
|
|
Inventories |
7.199.916,84 |
8.511.483,79 |
9.159.424,17 |
(15,41)% |
|
Biological assets |
- |
- |
- |
- |
|
Costumers |
5.342.251,85 |
6.867.755,28 |
5.939.802,52 |
(22,21)% |
|
Advances to suppliers |
- |
- |
- |
- |
|
State and other public entities |
458.087,35 |
565.391,83 |
578.594,99 |
(18,98)% |
|
Shareholders/partners |
- |
- |
- |
- |
|
Other accounts receivable |
1.420.939,27 |
1.387.388,19 |
749.878,45 |
2,42% |
|
Deferrals |
92.482,68 |
81.005,54 |
129.764,04 |
14,17% |
|
Financial assets held for trading |
- |
- |
- |
- |
|
Other financial assets |
- |
502.071,56 |
6.861,06 |
- |
|
Non-current assets held for sale |
- |
- |
- |
- |
|
Other current assets |
- |
- |
- |
- |
|
Cashier and bank deposits |
1.512.906,94 |
130.223,17 |
42.685,84 |
1.061,78% |
|
Total |
16.026.584,93 |
18.045.319,36 |
16.607.011,07 |
(11,19)% |
|
TOTAL ASSET |
36.586.471,56 |
35.021.994,92 |
32.536.873,70 |
4,47% |
SHAREHOLDERS FUNDS AND LIABILITIES SHAREHOLDERS FUNDS
|
Capital |
5.000.000,00 |
5.000.000,00 |
5.000.000,00 |
- |
|
Own shares |
- |
- |
- |
- |
|
Other shareholders funds instruments |
- |
- |
- |
- |
|
Emission premiuns |
- |
- |
- |
- |
|
Legal reserves |
339.393,62 |
234.583,32 |
147.097,44 |
44,68% |
|
Other reserves |
6.913.167,11 |
4.921.771,45 |
3.259.539,74 |
40,46% |
|
Net retained |
281.532,15 |
251.640,62 |
166.001,20 |
11,88% |
|
Adjustments on financial assets |
- |
- |
- |
- |
|
Revaluation surplus |
1.389.607,29 |
1.419.498,82 |
1.505.138,24 |
(2,11)% |
|
Other shareholders funds changes |
281.909,95 |
189.039,34 |
222.500,94 |
49,13% |
|
Total |
14.205.610,12 |
12.016.533,55 |
10.300.277,56 |
18,22% |
|
Net income for the period |
3.458.217,90 |
2.096.205,96 |
1.749.717,59 |
64,98% |
|
Antecipated dividends |
- |
- |
- |
- |
|
TOTAL OF SHAREHOLDERS FUNDS |
17.663.828,02 |
14.112.739,51 |
12.049.995,15 |
25,16% |
|
LIABILITY |
|
|
|
|
|
NON-CURRENT LIIABILITIES |
|
|
|
|
|
Provisions |
- |
60.105,88 |
- |
- |
|
Financing obtained |
8.732.611,98 |
7.241.593,04 |
7.307.828,03 |
20,59% |
|
Responsability for post-employment beneficts |
- |
- |
- |
- |
|
Diferred taxes liabilities |
403.900,48 |
412.578,66 |
436.975,62 |
(2,10)% |
|
Other payable accounts |
- |
- |
- |
- |
|
Total |
9.136.512,46 |
7.714.277,58 |
7.744.803,65 |
18,44% |
|
CURRENT LIABILITIES |
|
|
|
|
|
Suppliers |
3.016.924,00 |
5.701.967,61 |
3.868.859,43 |
(47,09)% |
|
Advances from costumers |
- |
- |
- |
- |
|
State and other public entities |
285.307,24 |
254.013,53 |
369.097,54 |
12,32% |
|
Shareholders/partners |
- |
- |
- |
- |
|
Financing obtained |
3.739.556,60 |
4.603.177,22 |
6.258.921,79 |
(18,76)% |
|
Other payable accounts |
2.731.123,85 |
2.527.912,32 |
2.137.114,27 |
8,04% |
|
Deferrals |
13.219,39 |
107.907,15 |
108.081,87 |
(87,75)% |
|
Financial liabilities held for trading |
- |
- |
- |
- |
|
Other financial liabilities |
- |
- |
- |
- |
|
Non-current liabilities held for sale |
- |
- |
- |
- |
|
Other current liabilities |
- |
- |
- |
- |
|
Total |
9.786.131,08 |
13.194.977,83 |
12.742.074,90 |
(25,83)% |
|
TOTAL LIABILITIES |
18.922.643,54 |
20.909.255,41 |
20.486.878,55 |
(9,50)% |
|
TOTAL SHAREHOLDERS FUNDS AND LIABILITIES |
36.586.471,56 |
35.021.994,92 |
32.536.873,70 |
4,47% |
|
INCOME STATEMENT |
|
|
|
|
|
INCOME AND EXPENSES |
|
|
|
|
|
Sales and services |
38.623.037,60 |
35.830.387,55 |
32.278.247,73 |
7,79% |
|
Operating government grants |
166.718,08 |
190.812,05 |
86.588,10 |
(12,63)% |
|
Gains/losses allocated subsidiaries, associates and joint ventures |
(214.226,89) |
26.074,47 |
39.632,53 |
(921,60)% |
|
Variation in production inventories |
(1.672.797,75) |
(834.296,92) |
(1.328.905,14) |
100,50% |
|
Work for the entity itself |
- |
- |
- |
- |
|
Cost of goods sold and materials consumed |
15.418.428,93 |
15.738.682,44 |
13.095.192,93 |
(2,03)% |
|
Suppliers and external services |
8.694.528,62 |
8.214.560,84 |
8.063.767,96 |
5,84% |
|
Personnel costs |
6.319.736,15 |
5.759.235,61 |
5.012.268,60 |
9,73% |
|
Impairment of inventories (losses/revearsals) |
- |
- |
- |
- |
|
Impairment of receivables (losses/revearsals) |
44.267,12 |
(288.253,92) |
68.984,91 |
(115,36)% |
|
Provisions (increases/reductions) |
(60.105,88) |
60.105,88 |
- |
(200,00)% |
|
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 |
- |
2.071,56 |
6.861,06 |
- |
|
Other income and gains |
1.070.596,36 |
317.800,48 |
535.947,56 |
236,88% |
|
Other expenses and losses |
550.651,19 |
847.282,65 |
456.608,64 |
(35,01)% |
|
Result before depreciation, financing costs and taxes |
7.005.821,27 |
5.201.235,69 |
4.921.548,80 |
34,70% |
|
Expenses/reversals of depreciation and amortization |
3.793.009,03 |
2.847.624,73 |
2.575.172,93 |
33,20% |
|
Impairment of investments depreciable/amortizable (losses/reversals) |
- |
- |
- |
- |
|
Operating result (before financing costs and taxes) |
3.212.812,24 |
2.353.610,96 |
2.346.375,87 |
36,51% |
|
Interest and similar income obtained |
- |
14.757,47 |
17.227,26 |
- |
|
interest and similar expenses incurred |
365.611,02 |
630.536,87 |
974.323,33 |
(42,02)% |
|
Net before taxes |
2.847.201,22 |
1.737.831,56 |
1.389.279,80 |
63,84% |
|
Income tax of the period |
(611.016,68) |
(358.374,40) |
(360.437,79) |
70,50% |
|
Net profit for the period |
3.458.217,90 |
2.096.205,96 |
1.749.717,59 |
64,98% |
|
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)
(%) |
|
19,58 |
14,85 |
14,52 |
|
Return on Assets (Operating Result / Total Asset)(%) |
|
8,78 |
6,72 |
7,21 |
|
Sales Net Profitability (Net Income / Sales) (%) |
|
8,95 |
5,85 |
5,42 |
|
EFFICIENCY RATIOS |
|
|
|
|
|
Medium Term Receivable (Costumers / Sales) * 365 (d) |
|
50,49 |
69,96 |
67,17 |
|
Medium Term Payable (Suppliers / Purchases + Suppliers and external
services)*365 (d) |
|
44,99 |
86,01 |
66,89 |
|
Asset Rotation (Sales / Toral Asset) (%) |
|
105,57 |
102,31 |
99,21 |
|
PRODUCTIVITY RATIOS |
|
|
|
|
|
Gross Added Value / Employee (#) |
|
28.233,71 |
25.068,33 |
25.015,85 |
|
Sales / Employee (#) |
|
80.632,65 |
83.911,91 |
81.101,12 |
|
Productivity (Gross Added Value / Personnel costs) (#) |
|
2,14 |
1,86 |
1,99 |
|
SHORT TERM RATIOS |
|
|
|
|
|
General Liquidity (Current Assets / Current Liabilities) (#) |
|
1,64 |
1,37 |
1,30 |
|
Reduced Liquidity (Current Assets - Inventories / Current Liabilities)
(#) |
|
0,90 |
0,72 |
0,58 |
|
Immediate Liquidity (Cashier and bank deposits / Current Liabilities)
(#) |
|
0,15 |
0,01 |
0,00 |
|
MEDIUM LONG TERM RATIOS |
|
|
|
|
|
Financial Autonomy (Shareholders Funds / Total Asset) (%) |
|
48,28 |
40,30 |
37,03 |
|
Solvability(Shareholders Funds / Total Liabilities) (%) |
|
93,35 |
67,50 |
58,82 |
|
Debt Structure (Current Liabilities / Total Liabilities) (%) |
|
51,72 |
63,11 |
62,20 |
|
General Debt (Total Liabilities / Total Asset) (%) |
|
51,72 |
59,70 |
62,97 |
|
Debt Capacity (Shareholders Funds / Shareholders Funds + Non Current
Liabilities)(%) |
|
65,91 |
64,66 |
60,87 |
|
Capital Structure (Shareholder's Funds / Non Current Liabilities) (%) |
|
193,33 |
182,94 |
155,59 |
|
OPERATIONAL AND FINANCIAL RISK |
|
|
|
|
|
Operational Leverage Level (OLL) (Gross Margin / Operating Result) (#) |
|
7,22 |
8,54 |
8,18 |
|
Financial Leverage Level (FLL) (Gross Operating Profit / Operating
Result) (#) |
|
1,13 |
1,35 |
1,69 |
|
Combined Leverage Level (OLL x FLL) (#) |
|
8,15 |
11,56 |
13,81 |
CASH FLOW STATEMENT
|
RUBRICS |
2016 |
2015 |
PERIODS |
CASH FLOWS FROM OPERATIONAL ACTIVITIES
|
Customers receipts |
40.797.258,68 |
36.107.323,52 |
12,99% |
|
Payments to suppliers |
26.884.169,25 |
24.247.852,16 |
10,87% |
|
Payments to employees |
5.771.166,96 |
3.768.326,97 |
53,15% |
|
Cash at bank generated from operations |
8.141.922,47 |
8.091.144,39 |
0,63% |
|
Payment/receipt of income tax |
(155.236,26) |
(160.189,77) |
3,09% |
|
Other receipts/payments |
776.478,83 |
108.680,65 |
614,46% |
|
Cash Flows from Operational
Activities (A) |
8.763.165,04 |
8.039.635,27 |
9,00% |
|
CASH FLOWS' INVESTMENT ACTIVITIES |
|
|
|
|
Payments regarding: |
|
|
|
|
Fixed tangible assets |
6.832.931,03 |
4.234.626,24 |
61,36% |
|
Intangible assets |
192.433,86 |
- |
- |
|
Financial investments |
- |
6.500,00 |
- |
|
Other assets |
0,00 |
0,00 |
- |
|
Receipts from: |
|
|
|
|
Fixed tangible assets |
539.595,50 |
62.314,05 |
765,93% |
|
Intangible assets |
- |
- |
- |
|
Financial investments |
15.055,35 |
40.994,03 |
(63,27)% |
|
Other assets |
2.620,09 |
- |
- |
|
Investment subsidies |
- |
- |
- |
|
Interest and similar income |
4.477,90 |
58,94 |
7.497,39% |
|
Dividends |
0,00 |
- |
- |
|
Cash Flows' Investments
Activities (B) |
(6.463.616,05) |
(4.137.759,22) |
(56,21)% |
|
CASH FLOWS' INVESTMENT ACTIVITIES |
|
|
|
|
Receipts from: |
|
|
|
|
Obtained financing |
14.422.442,73 |
26.290.438,91 |
(45,14)% |
|
Paying-up of capital and other equity instruments |
- |
- |
- |
|
Coverage of losses |
- |
- |
- |
|
Donations |
- |
- |
- |
|
Other financing operations |
- |
- |
- |
|
Payments regarding: |
|
|
|
|
Obtained financing |
14.262.360,60 |
28.012.419,91 |
(49,09)% |
|
Interests and similar expenses |
391.623,09 |
632.521,31 |
(38,09)% |
|
Dividends |
- |
- |
- |
|
Capital's redution and other equity instruments |
- |
- |
- |
|
Other financing operations |
685.324,26 |
1.459.836,41 |
(53,05)% |
|
Cash Flows' Financing Activities
© |
(916.865,22) |
(3.814.338,72) |
75,96% |
|
Variation in cash at bank and its equivalents (A+B+C) |
1.382.683,77 |
87.537,33 |
1.479,54% |
|
Effect of exchange differences |
- |
- |
- |
|
Cash at bank and its
equivalents at the start of
period |
130.223,17 |
42.685,84 |
205,07% |
|
Cash at bank and its
equivalents at the end of
period |
1.512.906,94 |
130.223,17 |
1.061,78% |
CASH FLOWS
|
|
|
MOVIMENTOS DO PERIODO DE 2016 |
|
|
|
|
|
RUBRICS |
|
INITIAL BALANCE |
DEBITS |
CREDITS |
FINAL BALANCE |
|
|
PERIOD'S CARRYING AMOUNT AND MOVEMENTS |
|
|
|
|
|
|
|
Cash in hand |
|
125,17 |
25.451,24 |
25.208,84 |
|
367,57 |
|
Order deposits |
|
130.098,00 |
84.366.245,76 |
84.333.804,39 |
|
162.539,37 |
|
Other bank deposits |
|
- |
1.350.000,00 |
|
- |
1.350.000,00 |
|
Total cash at bank and bank deposits |
|
130.223,17 |
85.741.697,00 |
84.359.013,23 |
|
1.512.906,94 |
|
Of which: Bank deposits abroad |
|
0,00 |
8.584.275,95 |
8.569.245,96 |
|
15.029,99 |
|
RUBRICS |
|
|
|
|
|
VALUE |
|
OTHER INFORMATION |
|
|
|
|
|
|
|
Receipts from: |
|
|
|
|
|
|
|
Non-life insurance claims |
|
|
|
|
|
4.955,00 |
|
Operating subsidies |
|
|
|
|
|
120.667,74 |
|
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 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 |
- |
166.718,08 |
- |
- |
|
Value of repayments in the period: |
- |
0,00 |
- |
0,00 |
|
Grants related to assets/investment |
- |
- |
- |
- |
|
Grants related to income / operating |
- |
- |
- |
- |
|
TOTAL |
- |
166.718,08 |
- |
0,00 |
IMPAIRMENT LOSSES IN FINANCIAL ASSETS AT COST OR AT AMORTIZED COST |
||||
|
|
|
MOVIMENTOS DO PERIODO DE 2016 |
TOTAL |
|
|
RUBRICS |
IMPAIRMENT LOSSES |
IMPAIRMENT LOSSES REVERSALS |
|
|
|
Receivable debts from customers |
132.520,25 |
88.253,13 |
44.267,12 |
|
|
Other receivables |
- |
- |
0,00 |
|
|
Equity instruments and other securities |
- |
- |
0,00 |
|
|
Others |
- |
- |
0,00 |
|
|
TOTAL |
132.520,25 |
88.253,13 |
44.267,12 |
|
DEBTS REGISTERED AS DOUBTFUL |
|
|
RUBRICS |
VALUE |
|
Regarding insolvency and company recovery procedures or enforcement
procedures |
- |
|
Claimed in court |
132.520,25 |
|
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 |
132.520,25 |
EMPLOYEE BENEFITS, COMPANY EMPLOYEES AND PERSONNEL COSTS |
||
|
|
AVERAGE NUMBER OF |
AVERAGE NUMBER OF |
|
RUBRICS |
|
|
|
|
EMPLOYEES |
HOURS WORKED |
|
Company employees, paid and unpaid |
479 |
859.759 |
|
Paid company employees |
479 |
859.759 |
|
Company UNPAID employees |
0 |
0 |
|
Company employees, by type of working hours |
|
|
|
Full time company employees |
478 |
858.604 |
|
Of which: Full time company employees |
478 |
858.604 |
|
Part time company employees |
1 |
1.155 |
|
Of which: Part time company employees |
1 |
1.155 |
|
Company employees, by gender: |
|
|
|
Men |
323 |
587.941 |
|
Women |
156 |
271.818 |
|
Company employees, of which: |
|
|
|
Company employees assigned to Research and Development |
12 |
- |
|
Service providers |
- |
- |
|
People placed through temporary employment agencies |
- |
- |
STAFF COSTS |
|
|
|
RUBRICS |
|
VALUE |
|
Staff costs |
|
6.319.736,15 |
|
Governance Bodies Remuneration |
|
60.000,00 |
|
Of which: Profit-sharing |
|
- |
|
Employees remuneration |
|
5.088.079,45 |
|
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 |
|
1.040.917,68 |
|
Insurance for accidents at work and professional diseases |
|
38.567,20 |
|
Social security expenses |
|
3.500,00 |
|
Other staff costs |
|
88.671,82 |
|
Of which: |
|
|
|
Expenditure on education |
|
1.102,50 |
|
Expenditure on uniforms |
|
10.586,80 |
INFORMATION BY GEOGRAPHIC MARKETS |
||||
|
|
|
GEOGRAPHIC MARKETS |
|
|
|
RUBRICS |
INTERNAL |
EU |
EXTRA-EU |
TOTAL |
|
Sales |
8.475.684,60 |
23.058.272,00 |
1.856.599,00 |
33.390.555,60 |
|
Services provided |
5.217.152,00 |
15.330,00 |
- |
5.232.482,00 |
|
Purchases |
8.740.617,60 |
1.217.687,17 |
5.821.354,96 |
15.779.659,73 |
|
Supplies and external services |
8.328.913,60 |
340.969,68 |
24.645,34 |
8.694.528,62 |
|
Acquisition of fixed tangible assets |
3.599.638,54 |
2.994.499,16 |
22.594,48 |
6.616.732,18 |
|
Acquisition of investment properties |
- |
- |
- |
0,00 |
|
Acquisition of intangible assets |
94.757,25 |
127.395,20 |
- |
222.152,45 |
|
Supplementary income: |
38.850,36 |
0,00 |
0,00 |
38.850,36 |
|
Social services |
- |
- |
- |
0,00 |
|
Equipment rental |
- |
- |
- |
0,00 |
|
Studies, projects and technological assistance |
- |
- |
- |
0,00 |
|
Royalities |
- |
- |
- |
0,00 |
|
Others |
38.850,36 |
0,00 |
0,00 |
38.850,36 |
|
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 |
4.721.989,30 |
|
5.069.020,79 |
(6,85)% |
|
Trade notes receivable |
766.710,25 |
|
1.911.328,68 |
(59,89)% |
|
Advances received from customers |
- |
|
- |
- |
|
SUPPLIERS |
|
|
|
|
|
Trade accounts payable |
2.584.686,94 |
|
4.926.692,74 |
(47,54)% |
|
Trade notes payable |
432.237,06 |
|
775.274,87 |
(44,25)% |
|
Trade accounts payable - unchecked invoices |
- |
|
- |
- |
|
Advances to suppliers |
- |
|
- |
- |
STAFF
|
Payable remunerations |
324.940,89 |
250.210,87 |
29,87% |
|
Advanced payments |
4.600,00 |
- |
- |
|
Bonds |
- |
- |
- |
|
Other operations |
- |
- |
- |
|
STATE AND OTHER PUBLIC SECTOR INSTITUTIONS |
|||
|
Income Tax |
172.780,11 |
145.020,06 |
19,14% |
|
Deductible IVA (debt cumulative amounts) |
6.940.588,33 |
5.302.375,61 |
30,90% |
|
Paid IVA (credit cumulative amounts) |
4.954.011,46 |
3.350.731,39 |
47,85% |
|
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 |
419.336,00 |
141.137,39 |
197,11% |
|
additional income - Debtors |
33.342,39 |
66.257,02 |
(49,68)% |
|
additional expenses - Creditors |
1.387.139,72 |
968.038,53 |
43,29% |
|
Deferred tax assets |
1.809.614,01 |
947.666,74 |
90,95% |
|
Deferred tax liabilities |
403.900,48 |
412.578,66 |
(2,10)% |
|
Unreleased subscriptions - Creditors |
- |
- |
- |
|
Advances received on account of sales |
- |
- |
- |
OTHER DEBTORS AND CREDITORS
|
Other debtors |
963.660,88 |
1.179.993,78 |
(18,33)% |
|
Other creditors |
639.848,81 |
385.988,37 |
65,77% |
EXPENSE ACCOUNTS |
|
|
|
|
RUBRICS |
2016 |
2015 |
PERIODS |
|
Supplies and external services |
8.694.528,62 |
8.214.560,84 |
5,84% |
|
Subcontracts |
2.628.182,61 |
2.074.572,39 |
26,69% |
|
Specialized services |
1.497.932,70 |
1.199.208,30 |
24,91% |
|
Specialized works |
154.754,26 |
100.155,69 |
54,51% |
|
Of which: Payments to
workers placed through agencies |
- |
- |
- |
|
Advertising and promotion |
54.548,89 |
20.809,47 |
162,13% |
|
Surveillance and security |
41.045,06 |
7.286,84 |
463,28% |
|
Fees |
17.400,00 |
13.500,00 |
28,89% |
|
Comissions |
574.060,12 |
589.675,08 |
(2,65)% |
|
Maintenance and repairs |
653.755,02 |
467.781,22 |
39,76% |
|
Others |
2.369,35 |
- |
- |
|
Materials |
48.122,97 |
44.574,55 |
7,96% |
|
Fast wear tools and utensils |
5.895,07 |
4.149,00 |
42,08% |
|
Books and technical documentation |
2.587,27 |
1.895,00 |
36,53% |
|
Office material |
10.086,94 |
15.098,00 |
(33,19)% |
|
Gift items |
7.571,73 |
6.858,30 |
10,40% |
|
Others |
21.981,96 |
16.574,25 |
32,63% |
|
Energy and fluids |
2.914.452,90 |
3.417.485,41 |
(14,72)% |
|
Electricity |
1.824.022,02 |
2.012.831,07 |
(9,38)% |
|
Fuels |
50.749,40 |
37.046,02 |
36,99% |
|
Water |
10.514,90 |
6.212,00 |
69,27% |
|
Others |
1.029.166,58 |
1.361.396,32 |
(24,40)% |
|
Travel, lodging and transportation |
697.336,72 |
645.713,62 |
7,99% |
|
Travel and lodging |
79.907,39 |
40.511,72 |
97,25% |
|
Transport of personnel |
- |
- |
- |
|
Transport of goods |
616.979,33 |
605.201,90 |
1,95% |
|
Others |
450,00 |
- |
- |
|
Different services |
908.500,72 |
833.006,57 |
9,06% |
|
Rents and leases |
335.330,42 |
300.217,74 |
11,70% |
|
Of which: Rents from land |
- |
- |
- |
|
Communication |
35.658,83 |
33.080,56 |
7,79% |
|
Insurance |
129.394,36 |
167.026,92 |
(22,53)% |
|
Royalties |
- |
- |
- |
|
Litigation and Notaries |
34.990,93 |
20.695,00 |
69,08% |
|
Representation expenses |
12.553,52 |
12.755,26 |
(1,58)% |
|
Cleaning, hygiene and comfort |
19.671,60 |
13.480,95 |
45,92% |
|
Other services |
340.901,06 |
285.750,14 |
19,30% |
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 |
3.739.750,05 |
2.347.846,58 |
|
Allocated results / Available profits |
0,00 |
0,00 |
|
Percentages or bonuses to managing bodies |
- |
- |
|
Ditto to staff |
- |
- |
|
Reserves |
- |
2.096.205,96 |
|
Coverage of losses |
- |
- |
|
7. Others |
- |
- |
|
BALANCE (1-2-3-4-5-6-7) |
3.739.750,05 |
251.640,62 |
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?
YES
Has the inspection body issued an
assessment?
YES
The inspection body pronounced:
Página 19 de 20
In favour of the approval of accounts
LEGAL CERTIFICATION OF ACCOUNTS (CLC)
Is the entity required to have
certified accounts by a Statutory
Auditor/Statutory Audit Firm?
YES
Identificação do ROC: 502154870
Was the Legal certification of
accounts issued?
YES
Without reservation
The Rating DynamIIC is based on the analysis of a set of information
available in the database of the INFOTRUST and the relationship of a set of
factors that are determinant in the performance evaluation in terms of credit
risk and the probability of default of a business entity in the short
term.INFOTRUST risk assessment system does not represent in any way the views
of INFOTRUST, expressing solely an indication of the possibility of a business
entity to default.
The Rating DynamIIC analyzes the following criteria: seniority,
commercial incidents (lawsuits, bankruptcies, special processes of
revitalization, protest of letters), payments experiences, current situation,
financial information, size and sector of activity.
Because it is an indicator that is based on a statistical analysis and
prevision, does not necessarily reflect the real situation of a company and
does not dispense the client of consulting other sources. This report / module
was developed based on the information available in INFOTRUST database. The
information or data provided by INFOTRUST in any of its products and services
cannot, in any way, have the character of a guarantee. They are simple
directions that are consistent with the elements that INFOTRUST has managed to
obtain. Since they are collected from various sources not controlled by
INFOTRUST, one cannot guarantee that the data presented are absolutely correct,
despite the utmost care put into its collection. As such, INFOTRUST shall not
be liable for any errors, omissions and inconsistencies.
INFOTRUST clients are allowed to use this information according with the
needs of their businesses and for internal use only. The information provided
is absolutely confidential in nature, being the one who disclose or divulge its
source, to third persons or entities, solely responsible before the law for
damages and consequences of its disclosure.
For any question please contact, our Customer Service:
Telf : +351 214 249 000
Fax: +351 214 249 001/3 e.mail: geral@infotrust.pt
THIS INFORMATION, STRICTLY CONFIDENTIAL, IS PROVIDED BY
INFOTRUST-INFORMAÇÃO PARA NEGÓCIOS LDA, UNDER THE TERMS AND CONDITIONS OF
SUPPLY, OR THE CONDITIONS CONTRACTUALLY ESTABLISHED, AND CAN NOT BE DISCLOSED
TO THIRD PARTIES OR REPRODUCED, TOTAL OR ANY PART, IN ANY WAY OR PROCESS.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.96 |
|
|
1 |
INR 90.33 |
|
Euro |
1 |
INR 80.74 |
|
EURO |
1 |
INR 80.65 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
DNS |
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.