|
|
|
MIRA INFORM REPORT
|
Report No. : |
506224 |
|
Report Date : |
02.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
SERVIFIOS-IMPORTACAO E EXPORTACAO DE TEXTEIS SA |
|
|
|
|
Registered Office : |
Rua de Fontiscos, nº 840, 4780-470-SANTO TIRSO, SANTO
TIRSO, PORTO |
|
|
|
|
Country : |
Portugal |
|
|
|
|
Financials (as on) : |
2016 |
|
|
|
|
Date of Incorporation : |
08.04.2002 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Wholesale trade of textiles |
|
|
|
|
No. of Employees : |
11 |
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 : |
Exist |
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
SERVIFIOS-IMPORTACAO E EXPORTACAO DE TEXTEIS SA
FINANCIAL
HIGHLIGHTS
|
|
2014 |
2015 |
2016 |
|
net sales |
16.689.035,50 |
20.061.237,72 |
21.577.620,16 |
|
net income for the year |
(145.873,04) |
79.320,70 |
447.853,12 |
|
Shareholders funds |
2.378.029,60 |
2.757.350,30 |
3.305.203,42 |
|
stocks |
4.861.379,89 |
4.756.472,69 |
5.267.965,33 |
|
liability |
11.580.979,93 |
11.327.560,09 |
11.831.316,57 |
|
assets |
13.959.009,53 |
14.084.910,39 |
15.136.519,99 |
SUMMARY
|
Legal Form |
Joint Stock Company |
|
Constitution |
08-04-2002 |
|
V.A.T. Number / NIF |
506029050 |
|
Employees |
11 |
|
Capital |
150.000,00 |
|
Sales in : 31-12-2016 |
21.577.620,16 |
|
Shareholders Funds in: 31-12-2016 |
3.305.203,42 |
|
Credit Risk Level |
Low Credit Risk |
|
Actual Condition |
In activity |
|
Import/Export |
Sim / Sim |
TAX
SITUATION
On this date the subject is Not registered in the debtors list of
the tax authorities
CONTRIBUTIVE
SITUATION (SOCIAL SECURITY)
At present date, the company is not in Social Security debt list
INSOLVENCIES
/ REVITALIZATION PROCESSES
NO
SUMMARY
OF CLAIMS (LAST 5 YEARS)
|
YEAR |
QUANTITY |
TOTAL |
|
|
|
€ |
|
2016 |
1 |
38.212,81 |
|
2013 |
2 |
31.483,09 |
|
Total |
3 |
69.695,90 |
BUSINESS
CONCEPT
|
IDENTIFICATION |
|
|
Name |
SERVIFIOS-IMPORTACAO E
EXPORTACAO DE TEXTEIS SA |
|
Trust Nº. |
868513 |
|
V.A.T. Number / NIF |
506029050 |
|
Address |
Rua de Fontiscos, nº 840 |
|
Postal Code |
4780-470-SANTO TIRSO |
|
Municipality |
SANTO TIRSO |
|
District |
PORTO |
|
Country |
Portugal |
|
Telephone |
252860040, 253561471 |
|
Fax |
252860049 |
|
E-Mail |
contact@servifios.pt |
|
Web Site |
www.servifios.pt |
|
CAE Main |
46410- Wholesale trade of
textiles |
GOVERNING
BODIES
|
Board of Director's |
|
|
PEDRO MIGUEL FERNANDES DE
ALMEIDA |
Board of Director's President |
|
RICARDO JORGE FERREIRA DE LEMOS |
Board of Director's
Vice-President |
|
HORWATH & ASSOCIADOS, SROC LDA |
Unique Fiscal |
|
CARLA MANUELA SERRA GERALDES |
Fiscal Board Substitute |
LEGAL
STRUCTURE
Registed on the Register Record Office of Santo Tirso with the
Register Number 506029050 previous number 8249 in 01-10-2013
Constitution celebrated in 08-04-2002 published on Diário da
República number 163 of 17-07-2002
To oblige the company it is necessary 2 signature
CHANGES
TO SOCIETY
In 09-11-2017 on Portal MJ of 09-11-2017 social change
In 26-07-2016 on Portal MJ of 26-07-2016 annual financial
statements
In 18-07-2015 on Portal MJ of 18-07-2015 annual financial
statements
In 17-07-2014 on Portal MJ of 17-07-2014 annual financial
statements
In 01-10-2013 on Portal MJ of 09-10-2013 social change
In 19-07-2013 on Portal MJ of 19-07-2013 annual financial
statements
In 23-07-2012 on Portal MJ of 23-07-2012 annual financial
statements
In 22-05-2012 on Portal MJ of 22-05-2012 head office change
In 27-01-2010 on Portal MJ of 28-01-2010 board of director's
change
In 13-01-2009 on Portal MJ of 15-01-2009 social change
CAPITAL
The Capital is 150.000,00 , divided in 150000 shares , with a
nominal value of 1,00
BIOGRAPHIES
|
Name |
RICARDO JORGE FERREIRA DE LEMOS |
|
Funtion |
Board of Director's Vice-President |
|
Historical
of Professional Connections
and Participations |
The subject had links with the following company(ies): COELIMA-INDUSTRIAS TEXTEIS SA como Membro do Conselho de
Administração. JMA-FELPOS SA como Administrador. |
|
|
CONFECCOES D ABRUTE LDA como Gerente. JUAN SILVA HOME LDA como Gerente. SKYXPLORA LDA como Gerente. ANTONIO DE ALMEIDA & FILHOS-TEXTEIS SA como Vogal do
Conselho de Administração. IMOTEARFIL-IMOBILIARIA SA como Vogal do Conselho de
Administração. |
|
Links to
others companies |
The subject has connections with the following company (ies) |
|
|
ALFA ATLANTICA-SOCIEDADE CONSTRUTORA PORTUGUESA LDA as
Managing-Partner with a participation of 203.500,00 in a capital of
275.000,00 |
|
Name |
PEDRO MIGUEL FERNANDES DE ALMEIDA |
|
Funtion |
Board of Director's President |
|
Historical
of Professional Connections
and Participations |
The subject had links with the following company(ies): ENALTECE MARGEM-IMOBILIARIA LDA como Sócio Gerente. ALMEIDA, MARQUES & BARBOT-INVESTIMENTOS IMOBILIARIOS LDA
como Sócio. JUAN SILVA HOME LDA como Gerente. PREDICONEGOS-IMOBILIARIA DE MOREIRA DE CONEGOS LDA como Gerente.
SKYXPLORA LDA como Gerente. SOCIEDADE AGRICOLA S.GIAO LDA como Gerente. |
|
Links to
others companies |
The subject has connections with the following company (ies) VISNERG, SGPS SA as Administrator ROTA PROPRIA-HOTELARIA E IMOBILIARIA LDA as Manager GUMAAL-CONSULTORIA E PRESTACAO DE SERVICOS SA as Unique
Administrator |
ACTIVITIES
|
Main CAE |
46410- Wholesale trade of textiles |
BUSINESS DESCRIPTION
|
Comércio por grosso de têxteis |
|
|
GEOGRAPHIC
DISTRIBUTION OF SALES |
|||||||
|
INTERNAL MARKET |
INTERNATIONAL MARKET |
||||||
|
YEAR |
|
|
EU |
|
EXTRA-EU |
|
TOTAL |
|
2016 |
19.163.394,71 |
88,81% |
510.127,30 |
2,36% |
1.904.098,15 |
8,82% |
21.577.620,16 |
|
2015 |
18.326.420,76 |
91,35% |
960.989,86 |
4,79% |
773.827,10 |
3,86% |
20.061.237,72 |
|
2014 |
15.992.740,47 |
95,83% |
243.661,37 |
1,46% |
452.633,66 |
2,71% |
16.689.035,50 |
|
2013 |
13.599.742,00 |
94,55% |
359.122,64 |
2,50% |
425.044,48 |
2,95% |
14.383.909,12 |
|
2012 |
11.608.274,50 |
82,51% |
196.965,85 |
1,40% |
2.263.856,66 |
16,09% |
14.069.097,01 |
|
GEOGRAPHIC
DISTRIBUTION OF PURCHASES |
|||||||
|
INTERNAL MARKET |
INTERNATIONAL MARKET |
||||||
|
YEAR |
|
|
EU |
|
EXTRA-EU |
|
TOTAL |
|
2016 |
4.179.192,90 |
20,53% |
542.273,32 |
2,66% |
15.633.420,53 |
76,80% |
20.354.886,75 |
|
2015 |
3.072.359,37 |
16,28% |
1.529.565,57 |
8,10% |
14.271.460,66 |
75,62% |
18.873.385,60 |
|
2014 |
1.571.229,68 |
9,04% |
2.088.438,01 |
12,01% |
13.722.934,11 |
78,95% |
17.382.601,80 |
|
2013 |
1.290.607,01 |
8,84% |
275.281,92 |
1,89% |
13.028.266,67 |
89,27% |
14.594.155,60 |
|
2012 |
1.996.853,52 |
14,81% |
1.292.786,49 |
9,59% |
10.196.109,83 |
75,61% |
13.485.749,84 |
BANKS AND
FINANCIAL INSTITUTIONS
|
NOVO BANCO, SA |
Centro de Grandes Empresas do Porto |
INCIDENTS
INSOLVENCIES
/ REVITALIZATION PROCESSES
NO
TAX
SITUATION
On this date the subject is Not registered in the debtors list of
the tax authorities
CONTRIBUTIVE
SITUATION (SOCIAL SECURITY)
At present date, the company is not in Social Security debt list
SUMMARY
OF CLAIMS (LAST 5 YEARS)
|
YEAR |
QUANTITY |
TOTAL |
|
|
|
€ |
|
2016 |
1 |
38.212,81 |
|
2013 |
2 |
31.483,09 |
|
Total |
3 |
69.695,90 |
LEGAL ACTIONS
|
Date |
21-07-2016 |
|
Process |
2275/16.4T8STS |
|
Author |
Malaganha - Confecções Têxteis Lda |
|
Type |
Common Process Action |
|
Amount |
38.212,81 |
|
Judicial District |
Santo Tirso - Trib. Jud. Com. do Porto |
|
Date |
09-12-2013 |
|
Process |
151750/13.3YIPRT |
|
Author |
Fiomatec Comércio de Fios, Malhas e Tecidos, Lda. |
|
Type |
Special Action of Pecuniary Obligation |
|
Amount |
26.007,82 |
|
Judicial District |
Santo Tirso - Tribunal Judicial |
|
Date |
20-11-2013 |
|
Process |
3814/13.8TBGMR |
|
Author |
José Carlos Pereira, Lda. |
|
Type |
Special Action of Pecuniary Obligation |
|
Amount |
5.475,27 |
|
Judicial District |
Guimarães - Trib. Jud. Com. de Braga |
EMPLOYEES
|
YEAR |
TOTAL |
|
|
WOMEN |
|
|
2016 |
11 |
6 |
55% |
5 |
45% |
|
2015 |
11 |
5 |
45% |
6 |
55% |
|
2014 |
11 |
6 |
55% |
5 |
45% |
|
2013 |
10 |
6 |
60% |
4 |
40% |
|
2012 |
7 |
4 |
57% |
3 |
43% |
HEAD
OFFICE AND INSTALLATIONS
Had installations Rua São Paio Padroeiro, 249, 4815-298, MOREIRA
DE CONEGOS
Has head office Rua de Fontiscos, nº 840, 4780-470, SANTO TIRSO
Had head office Avenida Comendador Joaquim Almeida Freitas, 3, 4815-257,
MOREIRA DE CONEGOS
Had head office Rua Padre Duarte, s/n, 4765-448, GUARDIZELA
PARTICIPATIONS
DIRECT PARTICIPATIONS
|
NAME |
AAFRENT-ALUGUER DE VEICULOS AUTOMOVEIS SA |
|
Trust Nº. |
917053 |
|
Address |
AV. COMENDADOR JOAQUIM DE ALMEIDA FREITAS |
|
Locality |
4815-270 MOREIRA DE CÓNEGOS |
|
Country |
PORTUGAL |
|
Telephone |
253480010 |
|
Fax |
253480090 |
|
C.A.E. |
77110- Rental cars |
|
Capital |
200.000,00 |
|
Participation |
20,00% |
FINANCIAL
DEMONSTRATION SNC
BALANCE
SHEET SNC
|
COINEUROS |
|
|
|
YEAR:2016 |
|
|
2016 |
2015 |
2014 |
% VAR.2016/15 |
|
ASSET |
|
|
|
|
|
NON-CURRENT ASSETS |
|
|
|
|
|
Tangible fixed assets |
623.117,84 |
601.071,06 |
608.027,26 |
3,67% |
|
Investment properties |
- |
- |
- |
- |
|
Goodwill |
- |
- |
- |
- |
|
Intangible assets |
784,59 |
2.487,84 |
4.236,13 |
(68,46)% |
|
Biological assets |
- |
- |
- |
- |
|
Financial participations - patrimonial equity method |
33.102,10 |
33.102,10 |
33.102,10 |
- |
|
Financial participations - other methods |
- |
12.000,00 |
- |
- |
|
Shareholders/partners |
- |
- |
- |
- |
|
Other financial assets |
13.443,54 |
776,96 |
351,55 |
1.630,27% |
|
Deferred tax assets |
- |
42.799,06 |
42.799,06 |
- |
|
Financial investments(exclusive use by small entities and micro
entities) |
- |
- |
- |
- |
|
Total |
670.448,07 |
692.237,02 |
688.516,10 |
(3,15)% |
|
CURRENT ASSETS |
|
|
|
|
|
Inventories |
5.267.965,33 |
4.756.472,69 |
4.861.379,89 |
10,75% |
|
Biological assets |
- |
- |
- |
- |
|
Costumers |
7.334.856,83 |
6.914.946,34 |
7.256.278,88 |
6,07% |
|
Advances to suppliers |
- |
- |
13.365,90 |
- |
|
State and other public entities |
817.145,98 |
683.332,61 |
761.660,88 |
19,58% |
|
Shareholders/partners |
- |
- |
- |
- |
|
Other accounts receivable |
144.958,41 |
415.029,36 |
61.812,25 |
(65,07)% |
|
Deferrals |
26.123,16 |
14.252,56 |
4.533,16 |
83,29% |
|
Financial assets held for trading |
- |
- |
- |
- |
|
Other financial assets |
- |
- |
- |
- |
|
Non-current assets held for sale |
- |
- |
- |
- |
|
Other current assets |
- |
- |
- |
- |
|
Cashier and bank deposits |
875.022,21 |
608.639,81 |
311.462,47 |
43,77% |
|
Total |
14.466.071,92 |
13.392.673,37 |
13.270.493,43 |
8,01% |
|
TOTAL ASSET |
15.136.519,99 |
14.084.910,39 |
13.959.009,53 |
7,47% |
SHAREHOLDERS
FUNDS AND LIABILITIES SHAREHOLDERS FUNDS
|
Capital |
150.000,00 |
150.000,00 |
150.000,00 |
- |
|
Own shares |
- |
- |
- |
- |
|
Other shareholders funds instruments |
1.900.000,00 |
1.800.000,00 |
1.500.000,00 |
5,56% |
|
Emission premiuns |
- |
- |
- |
- |
|
Legal reserves |
30.000,00 |
30.000,00 |
30.000,00 |
- |
|
Other reserves |
79.320,70 |
- |
- |
- |
|
Net retained |
698.462,92 |
698.462,92 |
844.335,96 |
- |
|
Adjustments on financial assets |
(433,32) |
(433,32) |
(433,32) |
- |
|
Revaluation surplus |
- |
- |
- |
- |
|
Other shareholders funds changes |
- |
- |
- |
- |
|
Total |
2.857.350,30 |
2.678.029,60 |
2.523.902,64 |
6,70% |
|
Net income for the period |
447.853,12 |
79.320,70 |
(145.873,04) |
464,61% |
|
Antecipated dividends |
- |
- |
- |
- |
|
TOTAL OF SHAREHOLDERS FUNDS |
3.305.203,42 |
2.757.350,30 |
2.378.029,60 |
19,87% |
|
LIABILITY |
|
|
|
|
|
NON-CURRENT LIIABILITIES |
|
|
|
|
|
Provisions |
- |
- |
- |
- |
|
Financing obtained |
4.462.025,72 |
4.405.346,67 |
4.082.314,92 |
1,29% |
|
Responsability for post-employment beneficts |
- |
- |
- |
- |
|
Diferred taxes liabilities |
- |
- |
- |
- |
|
Other payable accounts |
- |
- |
- |
- |
|
Total |
4.462.025,72 |
4.405.346,67 |
4.082.314,92 |
1,29% |
|
CURRENT LIABILITIES |
|
|
|
|
|
Suppliers |
3.597.826,17 |
3.048.309,98 |
2.749.967,03 |
18,03% |
|
Advances from costumers |
- |
- |
- |
- |
|
State and other public entities |
118.078,42 |
50.386,02 |
33.560,03 |
134,35% |
|
Shareholders/partners |
- |
- |
- |
- |
|
Financing obtained |
3.515.523,81 |
3.716.347,69 |
4.604.913,79 |
(5,40)% |
|
Other payable accounts |
137.862,45 |
107.169,73 |
110.224,16 |
28,64% |
|
Deferrals |
- |
- |
- |
- |
|
Financial liabilities held for trading |
- |
- |
- |
- |
|
Other financial liabilities |
- |
- |
- |
- |
|
Non-current liabilities held for sale |
- |
- |
- |
- |
|
Other current liabilities |
- |
- |
- |
- |
|
Total |
7.369.290,85 |
6.922.213,42 |
7.498.665,01 |
6,46% |
|
TOTAL LIABILITIES |
11.831.316,57 |
11.327.560,09 |
11.580.979,93 |
4,45% |
|
TOTAL SHAREHOLDERS FUNDS AND LIABILITIES |
15.136.519,99 |
14.084.910,39 |
13.959.009,53 |
7,47% |
|
INCOME STATEMENT |
|
|
|
|
|
INCOME AND EXPENSES |
|
|
|
|
|
Sales and services |
21.577.620,16 |
20.061.237,72 |
16.689.035,50 |
7,56% |
|
Operating government grants |
628,83 |
4.307,08 |
12.945,40 |
(85,40)% |
|
Gains/losses allocated subsidiaries, associates and joint
ventures |
- |
- |
- |
- |
|
Variation in production inventories |
- |
- |
- |
- |
|
Work for the entity itself |
- |
- |
- |
- |
|
Cost of goods sold and materials consumed |
18.724.749,01 |
18.098.004,22 |
14.986.943,77 |
3,46% |
|
Suppliers and external services |
1.077.141,95 |
692.557,55 |
650.135,74 |
55,53% |
|
Personnel costs |
439.721,16 |
417.821,59 |
406.257,78 |
5,24% |
|
Impairment of inventories (losses/revearsals) |
41.503,15 |
- |
- |
- |
|
Impairment of receivables (losses/revearsals) |
76.000,14 |
12.326,15 |
8.362,61 |
516,58% |
|
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 |
0,16 |
- |
- |
- |
|
Other income and gains |
59.044,10 |
90.189,29 |
22.495,06 |
(34,53)% |
|
Other expenses and losses |
104.479,43 |
245.837,91 |
152.308,47 |
(57,50)% |
|
Result before depreciation, financing costs and taxes |
1.173.698,41 |
689.186,67 |
520.467,59 |
70,30% |
|
Expenses/reversals of depreciation and amortization |
53.077,29 |
39.125,56 |
44.016,42 |
35,66% |
|
Impairment of investments depreciable/amortizable
(losses/reversals) |
- |
- |
- |
- |
|
Operating result (before financing costs and taxes) |
1.120.621,12 |
650.061,11 |
476.451,17 |
72,39% |
|
Interest and similar income obtained |
- |
- |
- |
- |
|
interest and similar expenses incurred |
478.523,19 |
550.853,13 |
612.317,81 |
(13,13)% |
|
Net before taxes |
642.097,93 |
99.207,98 |
(135.866,64) |
547,22% |
|
Income tax of the period |
194.244,81 |
19.887,28 |
10.006,40 |
876,73% |
|
Net profit for the period |
447.853,12 |
79.320,70 |
(145.873,04) |
464,61% |
|
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) (%) |
13,55 |
2,88 |
(6,13) |
|
Return on Assets (Operating Result / Total Asset)(%) |
7,40 |
4,62 |
3,41 |
|
Sales Net Profitability (Net Income / Sales) (%) |
2,08 |
0,40 |
(0,87) |
|
EFFICIENCY RATIOS |
|
|
|
|
Medium Term Receivable (Costumers / Sales) * 365 (d) |
124,07 |
125,81 |
158,70 |
|
Medium Term Payable (Suppliers / Purchases + Suppliers and
external services)*365 (d) |
64,52 |
58,95 |
57,74 |
|
Asset Rotation (Sales / Toral Asset) (%) |
142,55 |
142,43 |
119,56 |
|
PRODUCTIVITY RATIOS |
|
|
|
|
Gross Added Value / Employee (#) |
157.356,61 |
101.757,67 |
85.008,00 |
|
Sales / Employee (#) |
1.961.601,83 |
1.823.748,88 |
1.517.185,05 |
|
Productivity (Gross Added Value / Personnel costs) (#) |
3,94 |
2,68 |
2,30 |
|
SHORT TERM RATIOS |
|
|
|
|
General Liquidity (Current Assets / Current Liabilities) (#) |
1,96 |
1,93 |
1,77 |
|
Reduced Liquidity (Current Assets - Inventories / Current Liabilities)
(#) |
1,25 |
1,25 |
1,12 |
|
Immediate Liquidity (Cashier and bank deposits / Current
Liabilities) (#) |
0,12 |
0,09 |
0,04 |
|
MEDIUM LONG TERM RATIOS |
|
|
|
|
Financial Autonomy (Shareholders Funds / Total Asset) (%) |
21,84 |
19,58 |
17,04 |
|
Solvability(Shareholders Funds / Total Liabilities) (%) |
27,94 |
24,34 |
20,53 |
|
Debt Structure (Current Liabilities / Total Liabilities) (%) |
62,29 |
61,11 |
64,75 |
|
General Debt (Total Liabilities / Total Asset) (%) |
78,16 |
80,42 |
82,96 |
|
Debt Capacity (Shareholders Funds / Shareholders Funds + Non
Current Liabilities)(%) |
42,55 |
38,50 |
36,81 |
|
Capital Structure (Shareholder's Funds / Non Current
Liabilities) (%) |
74,07 |
62,59 |
58,25 |
|
OPERATIONAL AND FINANCIAL RISK |
|
|
|
|
Operational Leverage Level (OLL) (Gross Margin / Operating
Result) (#) |
2,55 |
3,02 |
3,57 |
|
Financial Leverage Level (FLL) (Gross Operating Profit /
Operating Result) (#) |
1,75 |
6,55 |
(3,51) |
|
Combined Leverage Level (OLL x FLL) (#) |
4,44 |
19,79 |
(12,53) |
CASH FLOW
STATEMENT
|
RUBRICS |
2016 |
2015 |
PERIODS |
|
CASH FLOWS FROM OPERATIONAL ACTIVITIES |
|
|
|
|
Customers receipts |
25.662.267,92 |
24.168.924,17 |
6,18% |
|
Payments to suppliers |
24.187.158,37 |
22.637.207,87 |
6,85% |
|
Payments to employees |
410.082,60 |
423.204,43 |
(3,10)% |
|
Cash at bank generated from operations |
1.065.026,95 |
1.108.511,87 |
(3,92)% |
|
Payment/receipt of income tax |
(82.160,45) |
11.835,86 |
(794,17)% |
|
Other receipts/payments |
(164.976,06) |
(1.010.401,40) |
83,67% |
|
Cash Flows from
Operational Activities (A) |
817.890,44 |
109.946,33 |
643,90% |
|
CASH FLOWS' INVESTMENT ACTIVITIES |
|
|
|
|
Payments regarding: |
|
|
|
|
Fixed tangible assets |
90.307,61 |
41.389,42 |
118,19% |
|
Intangible assets |
- |
- |
- |
|
Financial investments |
- |
- |
- |
|
Other assets |
666,42 |
12.425,41 |
(94,64)% |
|
Receipts from: |
|
|
|
|
Fixed tangible assets |
- |
- |
- |
|
Intangible assets |
- |
- |
- |
|
Financial investments |
- |
- |
- |
|
Other assets |
- |
- |
- |
|
Investment subsidies |
- |
- |
- |
|
Interest and similar income |
160,85 |
760,13 |
(78,84)% |
|
Dividends |
- |
- |
- |
|
Cash Flows' Investments
Activities (B) |
(90.813,18) |
(53.054,70) |
(71,17)% |
|
CASH FLOWS' INVESTMENT ACTIVITIES |
|
|
|
|
Receipts from: |
|
|
|
|
Obtained financing |
- |
429.464,69 |
- |
|
Paying-up of capital and other equity instruments |
100.000,00 |
300.000,00 |
(66,67)% |
|
Coverage of losses |
- |
- |
- |
|
Donations |
- |
- |
- |
|
Other financing operations |
- |
- |
- |
|
Payments regarding: |
|
|
|
|
Obtained financing |
144.144,83 |
- |
- |
|
Interests and similar expenses |
416.550,03 |
489.178,98 |
(14,85)% |
|
Dividends |
- |
- |
- |
|
Capital's redution and other equity instruments |
- |
- |
- |
|
Other financing operations |
- |
- |
- |
|
Cash Flows' Financing Activities
© |
(460.694,86) |
240.285,71 |
(291,73)% |
|
Variation in cash at bank and its equivalents (A+B+C) |
266.382,40 |
297.177,34 |
(10,36)% |
|
Effect of exchange differences |
- |
- |
- |
|
Cash at bank and its
equivalents at the start of
period |
608.639,81 |
311.462,47 |
95,41% |
|
Cash at bank and its
equivalents at the end of
period |
875.022,21 |
608.639,81 |
43,77% |
|
CASH FLOWS |
|
|
|
|
|
|
|
|
|
|
|
|
MOVIMENTOS DO PERIODO DE 2016 |
|||
|
RUBRICS |
INITIAL BALANCE |
DEBITS |
CREDITS |
FINAL BALANCE |
|
PERIOD'S CARRYING
AMOUNT AND MOVEMENTS |
|
|
|
|
|
Cash
in hand |
854,83 |
1.350,00 |
1.402,26 |
802,57 |
|
Order
deposits |
207.784,98 |
45.770.948,82 |
45.504.514,16 |
474.219,64 |
|
Other
bank deposits |
400.000,00 |
- |
- |
400.000,00 |
|
Total
cash at bank and bank deposits |
608.639,81 |
45.772.298,82 |
45.505.916,42 |
875.022,21 |
|
Of
which: Bank deposits abroad |
- |
- |
- |
0,00 |
|
RUBRICS |
|
|
|
VALUE |
|
OTHER
INFORMATION |
|
|
|
|
|
Non-life
insurance claims |
|
|
|
- |
|
Operating
subsidies |
|
|
|
- |
|
Cash
at bank and its equivalents not
available for use |
|
|
|
- |
|
ASSETS IMPAIRMENT |
||||||
|
|
||||||
|
|
MOVIMENTOS DO PERIODO DE 2016 |
|||||
|
|
IMPAIRMENT LOSSES |
IMPAIRMENT LOSSES REVERSALS |
||||
|
|
RECOGNIZED IN PROFIT AND LOSS |
ON REVALUED ASSETS RECOGNIZED IN EQUITY |
TOTAL |
RECOGNIZED IN PROFIT AND LOSS |
RECOGNIZED IN EQUITY |
TOTAL |
|
|
||||||
|
RUBRICS |
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
Individual
assets |
|
|
|
|
|
|
|
Fixed
tangible assets |
0,00 |
- |
- |
0,00 |
- |
- |
|
Goodwill |
- |
- |
- |
0,00 |
- |
- |
|
Intangible
assets |
0,00 |
- |
- |
0,00 |
- |
- |
|
Investment
properties (cost model) |
0,00 |
- |
- |
0,00 |
- |
- |
|
Investments
in progress |
0,00 |
- |
- |
0,00 |
- |
- |
|
Financial
investments |
0,00 |
- |
- |
0,00 |
- |
- |
|
TOTAL |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
|
of
which: cash-generating units |
0,00 |
- |
- |
0,00 |
- |
- |
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 PERIODS |
VALUE ATTRIBUTED TO THE PERIOD |
VALUE ASSIGNED IN THE PERIOD OR IN PREVIOUS PERIODS |
VALUE ATTRIBU TED TO THE PERIOD |
|
Grants related to assets/investment: |
- |
0,00 |
- |
0,00 |
|
Fixed
tangible assets |
- |
0,00 |
- |
0,00 |
|
Land
and Natural Resources |
- |
- |
- |
- |
|
Buildings
and other structures |
- |
- |
- |
- |
|
Basic
equipment |
- |
- |
- |
- |
|
Transport
equipment |
- |
- |
- |
- |
|
Office
equipment |
- |
- |
- |
- |
|
Biological
equipment |
- |
- |
- |
- |
|
Others |
- |
- |
- |
- |
|
Intangible
assets |
- |
0,00 |
- |
0,00 |
|
Development
projects |
- |
- |
- |
- |
|
Computer
programmes |
- |
- |
- |
- |
|
Industrial
property |
- |
- |
- |
- |
|
Others |
- |
- |
- |
- |
|
Other
assets |
- |
- |
- |
- |
|
Grants
related to income / operating |
- |
628,83 |
- |
- |
|
Value
of repayments in the period: |
- |
0,00 |
- |
0,00 |
|
Grants
related to assets/investment |
- |
- |
- |
- |
|
Grants
related to income / operating |
- |
- |
- |
- |
|
TOTAL |
- |
628,83 |
- |
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 |
80.156,80 |
4.156,66 |
76.000,14 |
|
Other
receivables |
- |
- |
0,00 |
|
Equity
instruments and other securities |
- |
- |
0,00 |
|
Others |
- |
- |
0,00 |
|
TOTAL |
80.156,80 |
4.156,66 |
76.000,14 |
|
DEBTS REGISTERED AS
DOUBTFUL |
|
|
RUBRICS |
VALUE |
|
Regarding
insolvency and company recovery procedures or enforcement procedures |
850.770,79 |
|
Claimed
in court |
- |
|
In
arrears: |
127.168,11 |
|
Over
six months and up to twelve months |
1.085,20 |
|
Over
twelve months and up to eighteen months |
2.281,86 |
|
Over
eighteen months and up to twenty four months |
6.880,39 |
|
Over
twenty four months |
116.920,66 |
|
TOTAL |
977.938,90 |
|
EMPLOYEE BENEFITS,
COMPANY EMPLOYEES AND PERSONNEL COSTS |
||
|
|
||
|
|
AVERAGE
NUMBER OF |
AVERAGE
NUMBER OF |
|
RUBRICS |
|
|
|
|
EMPLOYEES |
HOURS
WORKED |
|
Company
employees, paid and unpaid |
11 |
18.104 |
|
Paid
company employees |
11 |
18.104 |
|
Company
UNPAID employees |
0 |
0 |
|
Company
employees, by type of working hours |
|
|
|
Full
time company employees |
11 |
18.104 |
|
Of
which: Full time company employees |
11 |
18.104 |
|
Part
time company employees |
0 |
0 |
|
Of
which: Part time company employees |
0 |
0 |
|
Company
employees, by gender: |
|
|
|
Men |
6 |
9.032 |
|
Women |
5 |
9.072 |
|
Company
employees, of which: |
|
|
|
Company
employees assigned to Research and Development |
- |
- |
|
Service
providers |
- |
- |
|
People
placed through temporary employment agencies |
- |
- |
|
STAFF COSTS |
|
|
RUBRICS |
VALUE |
|
Staff
costs |
439.721,16 |
|
Governance
Bodies Remuneration |
182.623,87 |
|
Of
which: Profit-sharing |
- |
|
Employees
remuneration |
180.260,14 |
|
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 |
71.413,78 |
|
Insurance
for accidents at work and professional diseases |
3.407,29 |
|
Social
security expenses |
- |
|
Other
staff costs |
2.016,08 |
|
Of
which: |
|
|
Expenditure
on education |
- |
|
Expenditure
on uniforms |
- |
|
INFORMATION BY
GEOGRAPHIC MARKETS |
|
|
|
|
|
|
|
|
|
|
|
|
GEOGRAPHIC MARKETS |
|||
|
RUBRICS |
INTERNAL |
EU |
EXTRA-EU |
TOTAL |
|
Sales |
19.156.962,95 |
510.127,30 |
1.618.586,17 |
21.285.676,42 |
|
Services
provided |
6.431,76 |
- |
285.511,98 |
291.943,74 |
|
Purchases |
3.117.119,06 |
527.205,21 |
15.633.420,53 |
19.277.744,80 |
|
Supplies
and external services |
1.062.073,84 |
15.068,11 |
- |
1.077.141,95 |
|
Acquisition
of fixed tangible assets |
73.420,82 |
- |
- |
73.420,82 |
|
Acquisition
of investment properties |
- |
- |
- |
0,00 |
|
Acquisition
of intangible assets |
- |
- |
- |
0,00 |
|
Supplementary
income: |
0,00 |
7.063,13 |
1.850,00 |
8.913,13 |
|
Social
services |
- |
- |
- |
0,00 |
|
Equipment
rental |
- |
- |
- |
0,00 |
|
Studies,
projects and technological assistance |
- |
- |
- |
0,00 |
|
Royalities |
- |
- |
- |
0,00 |
|
Others |
- |
7.063,13 |
1.850,00 |
8.913,13 |
|
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 |
4.576.505,97 |
3.945.696,67 |
15,99% |
|
Trade notes receivable |
3.736.289,76 |
3.871.448,33 |
(3,49)% |
|
Advances received from customers |
- |
- |
- |
|
SUPPLIERS |
|
|
|
|
Trade accounts payable |
3.381.769,05 |
2.854.420,07 |
18,47% |
|
Trade notes payable |
216.057,12 |
193.889,91 |
11,43% |
|
Trade accounts payable - unchecked invoices |
- |
- |
- |
|
Advances to suppliers |
- |
- |
- |
|
STAFF |
|
|
|
|
Payable remunerations |
16.817,52 |
- |
- |
|
Advanced payments |
- |
- |
- |
|
Bonds |
- |
- |
- |
|
Other operations |
- |
- |
- |
|
STATE AND OTHER PUBLIC SECTOR INSTITUTIONS |
|
|
|
|
Income Tax |
(88.982,54) |
(19.697,24) |
(351,75)% |
|
Deductible IVA (debt cumulative amounts) |
4.413.921,26 |
4.128.815,89 |
6,91% |
|
Paid IVA (credit cumulative amounts) |
4.662.633,02 |
4.762.436,76 |
(2,10)% |
|
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 |
85.149,40 |
38.437,01 |
121,53% |
|
additional expenses - Creditors |
118.651,73 |
103.401,38 |
14,75% |
|
Deferred tax assets |
- |
42.799,06 |
- |
|
Deferred tax liabilities |
- |
- |
- |
|
Unreleased subscriptions - Creditors |
- |
- |
- |
|
Advances received on account of sales |
- |
- |
- |
|
OTHER DEBTORS AND CREDITORS |
|
|
|
|
Other debtors |
59.809,01 |
376.592,35 |
(84,12)% |
|
Other creditors |
1.911,05 |
2.094,33 |
(8,75)% |
|
EXPENSE ACCOUNTS |
|
|
|
|
RUBRICS |
2016 |
2015 |
PERIODS |
|
Supplies and external services |
1.077.141,95 |
692.557,55 |
55,53% |
|
Subcontracts |
598.095,10 |
211.483,38 |
182,81% |
|
Specialized services |
167.122,14 |
225.579,55 |
(25,91)% |
|
Specialized works |
57.810,52 |
83.258,68 |
(30,57)% |
|
Of which: Payments to
workers placed through agencies |
- |
- |
- |
|
Advertising and promotion |
4.405,00 |
2.400,00 |
83,54% |
|
Surveillance and security |
703,94 |
1.046,04 |
(32,70)% |
|
Fees |
1.464,44 |
851,20 |
72,04% |
|
Comissions |
66.325,25 |
104.859,40 |
(36,75)% |
|
Maintenance and repairs |
8.807,10 |
16.112,60 |
(45,34)% |
|
Others |
27.605,89 |
17.051,63 |
61,90% |
|
Materials |
42.703,46 |
30.174,74 |
41,52% |
|
Fast wear tools and utensils |
1.776,81 |
3.231,80 |
(45,02)% |
|
Books and technical documentation |
- |
37,50 |
- |
|
Office material |
8.826,29 |
7.126,93 |
23,84% |
|
Gift items |
32.100,36 |
19.778,51 |
62,30% |
|
Others |
- |
- |
- |
|
Energy and fluids |
48.433,03 |
52.031,27 |
(6,92)% |
|
Electricity |
5.052,10 |
4.626,95 |
9,19% |
|
Fuels |
42.083,53 |
46.308,22 |
(9,12)% |
|
Water |
1.297,40 |
1.096,10 |
18,37% |
|
Others |
- |
- |
- |
|
Travel, lodging and transportation |
104.998,79 |
83.732,42 |
25,40% |
|
Travel and lodging |
64.263,62 |
56.091,26 |
14,57% |
|
Transport of personnel |
- |
- |
- |
|
Transport of goods |
40.341,57 |
27.637,55 |
45,97% |
|
Others |
393,60 |
3,61 |
10.803,05% |
|
Different services |
115.789,43 |
89.556,19 |
29,29% |
|
Rents and leases |
19.750,00 |
- |
- |
|
Of which: Rents from land |
- |
- |
- |
|
Communication |
12.061,18 |
16.347,06 |
(26,22)% |
|
Insurance |
59.896,10 |
44.516,83 |
34,55% |
|
Royalties |
- |
- |
- |
|
Litigation and Notaries |
- |
4.597,37 |
- |
|
Representation expenses |
9.448,68 |
11.508,38 |
(17,90)% |
|
Cleaning, hygiene and comfort |
14.633,47 |
12.457,28 |
17,47% |
|
Other services |
- |
129,27 |
- |
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 |
1.146.316,04 |
777.783,62 |
|
Allocated results / Available
profits |
0,00 |
0,00 |
|
Percentages or bonuses to
managing bodies |
- |
- |
|
Ditto to staff |
- |
- |
|
Reserves |
447.853,12 |
79.320,70 |
|
Coverage of losses |
- |
- |
|
7. Others |
- |
- |
|
BALANCE (1-2-3-4-5-6-7) |
698.462,92 |
698.462,92 |
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:
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: 506942155
Was the Legal certification of accounts issued?
YES
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.78 |
|
|
1 |
INR 92.89 |
|
Euro |
1 |
INR 80.74 |
|
Euro |
1 |
INR 80.04 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
KET |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.