|
|
|
MIRA INFORM REPORT
|
Report No. : |
509249 |
|
Report Date : |
12.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
QUIMIALMEL-QUIMICOS E MINERAIS LDA |
|
|
|
|
Registered Office : |
Estrada Nacional Nº
1/Ic2 - Zona Industrial, Apartado 150, 3850-200, Albergaria-A-Velha,
Albergaria-A-Velha, Aveiro |
|
|
|
|
Country : |
Portugal |
|
|
|
|
Financials (as on) : |
2016 |
|
|
|
|
Date of Incorporation : |
15.04.1993 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
·
Wholesale trade of chemicals ·
Wholesale of scrap iron and scrap metal ·
Casting of light metals |
|
|
|
|
No. of Employees : |
49 |
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 : |
Slow but Correct |
|
|
|
|
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. 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
QUIMIALMEL-QUIMICOS E
MINERAIS LDA
FINANCIAL
HIGHLIGHTS
|
|
2014 |
2015 |
2016 |
|
net sales |
23.442.175,10 |
27.223.567,55 |
30.110.705,92 |
|
net income for |
|
|
|
|
the year |
550,05 |
7.217,29 |
(172.555,05) |
|
shareholders |
|
|
|
|
funds |
7.408.965,32 |
7.396.647,54 |
7.200.054,13 |
|
stocks |
5.579.826,70 |
6.834.805,49 |
7.376.872,71 |
|
liability |
14.231.932,37 |
16.369.865,25 |
20.484.712,09 |
|
assets |
21.640.897,69 |
23.766.512,79 |
27.684.766,22 |
SUMMARY
|
Legal Form |
Private Limited Company |
|
Constitution |
15-04-1993 |
|
V.A.T. Number / NIF |
502967137 |
|
Employees |
49 |
|
Capital |
1.000.000,00 |
|
Sales in :
31-12-2016 |
30.110.705,92 |
|
Shareholders
Funds in: 31-12-2016 |
7.200.054,13 |
|
Actual Condition |
In activity |
|
Import/Export |
Sim / Sim |
|
Ultimate Holding Company |
QUIMIALMEL, S.A. - ESPANHA |
TAX SITUATION
On this date the subject is Not registered in the debtors
list of the tax authorities
CONTRIBUTIVE
SITUATION (SOCIAL SECURITY)
At present date, the company is not in Social Security
debt list
INSOLVENCIES /
REVITALIZATION PROCESSES
NO
IDENTIFICATION
|
Name |
QUIMIALMEL-QUIMICOS E MINERAIS LDA |
|
Trust Nº. |
298306 |
|
V.A.T. Number / NIF |
502967137 |
|
Address |
Estrada Nacional nº 1/IC2 - Zona Industrial, Apartado
150 |
|
Postal Code |
3850-200-ALBERGARIA-A-VELHA |
|
Municipality |
ALBERGARIA-A-VELHA |
|
District |
AVEIRO |
|
Country |
Portugal |
|
Telephone |
234529160 |
|
Fax |
234529169 |
|
E-Mail |
quimialmel@quimialmel.pt |
|
Web Site |
www.quimialmel.pt |
|
CAE Main |
46750- Wholesale trade of chemicals |
|
CAE Secondary |
46771- Wholesale of scrap iron and scrap metal |
|
CAE Secondary |
24530- Casting of light metals |
MANAGEMENT
BODIES
|
|
|
FRANCISCO FULLERA ORTUNO |
Managing-Partner |
|
FERNANDO QUINTANA GASCO |
Manager |
LEGAL
STRUCTURE
Registed on the
Register Record Office of Albergaria-a-Velha with the Register Number 502967137
previous number 477 in 15-04-1993 Constitution celebrated in 15-04-1993
published on Diário da República number 126 of 31-05-1993
To oblige the company
it is necessary 1 signatures
CHANGES
TO SOCIETY
In 24-07-2017 on
Portal MJ of 24-07-2017 annual financial statements
In 24-02-2017 on
Portal MJ of 24-02-2017 social change
In 18-07-2016 on
Portal MJ of 18-07-2016 annual financial statements
In 17-07-2015 on
Portal MJ of 17-07-2015 annual financial statements
In 07-11-2014 on
Portal MJ of 07-11-2014 update of the Head Office Village
In 21-07-2014 on
Portal MJ of 21-07-2014 annual financial statements
In 03-02-2014 on
Portal MJ of 03-02-2014 social change
In 31-01-2014 on Portal
MJ of 03-02-2014 business change
In 26-11-2013 on
Portal MJ of 26-11-2013 update of the Head Office Village
In 26-11-2013 on
Portal MJ of 26-11-2013 head office change
CAPITAL
The Capital is 1.000.000,00
with the following distribution
|
QUIMIALMEL SA |
750.000,00 |
75% |
|
FRANCISCO FULLERA ORTUNO |
250.000,00 |
25% |
BIOGRAPHIES
|
|
|
Name |
FRANCISCO FULLERA ORTUNO |
|
Funtion |
Managing-Partner |
|
Address |
São José, 2 - Castellon |
|
Birth Date |
1948 |
|
Naturality |
Espanha |
|
Civil State |
Married |
|
Consort |
Maria Teresa Marco Sebastião |
|
Name |
FERNANDO QUINTANA GASCO |
|
Funtion |
Manager |
|
Address |
Calle Gobernador, 87-7º C - Castellon |
|
|
SHAREHOLDERS / PARTNERS COMPANIES |
|
Trust Nº. |
449503 |
|
NAME |
QUIMIALMEL SA |
|
Address |
C/ San Roque, 15-17 - 12004 Castellon De La Plana |
|
Funtion |
Partner |
|
Telephone |
0034964342626 |
|
Fax |
0034964213697 |
ACTIVITIES
|
Main CAE |
46750- Wholesale trade of chemicals |
|
Secundary CAE |
46771- Wholesale of scrap iron and scrap metal |
|
Secundary CAE |
24530- Casting of light metals |
BUSINESS
DESCRIPTION
It consists of trading, processing, importing and exporting chemicals and minerals in the production, smelting, first processing and commercialization of non-ferrous metals, namely aluminum, in the transportation, separation, storage, recovery and commercialization of industrial and urban waste and in design, development, implementation, management, coordination and supervision of environmental projects and infrastructures of any kind, as well as their respective technologies. The company may also engage in the manufacture of chemical auxiliaries for industrial purposes, as well as their marketing in any admissible form, as well as the manufacture of basic inorganic chemicals and others, and the wholesale trade in products food.
GEOGRAPHIC DISTRIBUTION OF SALES
|
INTERNAL MARKET |
INTERNATIONAL MARKET |
||||||
|
YEAR |
|
|
EU |
|
EXTRA-EU |
|
TOTAL |
|
2016 |
27.195.619,65 |
90,32% |
1.351.515,00 |
4,49% |
1.563.571,27 |
5,19% |
30.110.705,92 |
|
2015 |
21.185.158,29 |
77,82% |
890.338,39 |
3,27% |
5.148.070,87 |
18,91% |
27.223.567,55 |
|
2014 |
17.435.751,31 |
74,38% |
989.730,86 |
4,22% |
5.016.692,93 |
21,40% |
23.442.175,10 |
|
2013 |
15.044.345,42 |
65,75% |
1.132.411,35 |
4,95% |
6.704.645,67 |
29,30% |
22.881.402,44 |
|
2012 |
15.555.405,64 |
56,26% |
906.024,97 |
3,28% |
11.186.007,79 |
40,46% |
27.647.438,40 |
|
GEOGRAPHIC DISTRIBUTION OF PURCHASES |
|||||||
|
|
|||||||
|
INTERNAL MARKET |
INTERNATIONAL MARKET |
||||||
|
YEAR |
|
|
EU |
|
EXTRA-EU |
|
TOTAL |
|
2016 |
13.795.546,12 |
48,90% |
8.498.393,67 |
30,12% |
5.916.722,53 |
20,97% |
28.210.662,32 |
|
2015 |
10.287.516,92 |
39,02% |
9.455.449,55 |
35,86% |
6.622.736,09 |
25,12% |
26.365.702,56 |
|
2014 |
7.593.250,54 |
33,29% |
9.902.871,67 |
43,42% |
5.312.603,37 |
23,29% |
22.808.725,58 |
|
2013 |
11.854.625,21 |
52,76% |
7.842.741,74 |
34,91% |
2.771.267,32 |
12,33% |
22.468.634,27 |
|
2012 |
13.578.792,70 |
54,95% |
8.384.525,16 |
33,93% |
2.745.869,11 |
11,11% |
24.709.186,97 |
BANKS
AND FINANCIAL INSTITUTIONS
|
|
|
BANCO BILBAO VIZCAYA ARGENTARIA (PORTUGAL), SA |
Aveiro |
|
NOVO BANCO, SA |
Albergaria-a-Velha |
|
BANCO SANTANDER TOTTA SA |
Águeda |
|
MILLENNIUM BCP |
Albergaria-a-Velha |
INCIDENTS
INSOLVENCIES /
REVITALIZATION PROCESSES
NO
TAX SITUATION
On this date the subject is Not registered in the debtors
list of the tax authorities
CONTRIBUTIVE
SITUATION (SOCIAL SECURITY)
At present date, the company is not in Social Security
debt list
There are no of incidents on our database
EMPLOYEES
|
YEAR |
TOTAL |
MEN |
|
WOMEN |
|
|
2016 |
49 |
35 |
71% |
14 |
29% |
|
2015 |
40 |
27 |
68% |
13 |
33% |
|
2014 |
31 |
19 |
61% |
12 |
39% |
|
2013 |
30 |
17 |
57% |
13 |
43% |
|
2012 |
28 |
17 |
61% |
11 |
39% |
INSURANCE
Companhia de Seguros Fidelidade Mundial Mapfre Seguros
Generales
HEAD
OFFICE AND INSTALLATIONS
Head office and installations Estrada Nacional nº 1/IC2 -
Zona Industrial, Apartado 150, 3850-200, ALBERGARIA-A-VELHA, Tel:234529160,
Fax:234529169 Had head office Estrada Nacional 1 - Lugar do Pisão, Fracção E -
Pavilhão 5, 3850-525, BRANCA ALB
PARTICIPATIONS
DIRECT PARTICIPATIONS
|
NAME |
NORGARANTE-SOCIEDADE DE GARANTIA MUTUA SA |
|
Trust Nº. |
589139 |
|
Address |
Avenida da Boavista, 2121-3º Andar - Escritórios 301 a
304 |
|
Locality |
4100-134 PORTO |
|
Country |
PORTUGAL |
|
Telephone |
226061800 |
|
Fax |
226061809 |
|
E-Mail |
norgarante@norgarante.pt |
|
Web Site |
www.norgarante.pt |
|
C.A.E. |
64923- Other activities of credit, n.d |
|
Capital |
75.000.000,00 |
|
Participation |
0,03% |
FINANCIALS
FINANCIAL
DEMONSTRATION SNC
BALANCE SHEET SNC
|
COINEUROS |
|
|
|
YEAR:2016 |
|
|
2016 |
2015 |
2014 |
% VAR.2016/15 |
|
ASSET |
|
|
|
|
|
NON-CURRENT ASSETS |
|
|
|
|
|
Tangible fixed assets |
7.907.083,57 |
7.875.946,39 |
7.060.903,13 |
0,40% |
|
Investment properties |
36.490,94 |
37.242,04 |
- |
(2,02)% |
|
Goodwill |
- |
- |
- |
- |
|
Intangible assets |
136.984,23 |
103.970,09 |
101.686,63 |
31,75% |
|
Biological assets |
- |
- |
- |
- |
|
Financial participations - patrimonial equity method |
- |
- |
- |
- |
|
Financial participations - other methods |
- |
21.255,83 |
- |
- |
|
Shareholders/partners |
- |
- |
- |
- |
|
Other financial assets |
23.899,53 |
- |
20.172,55 |
- |
|
Deferred tax assets |
87.702,25 |
95.021,33 |
104.759,61 |
(7,70)% |
|
Financial investments(exclusive use by small entities
and micro entities) |
- |
- |
- |
- |
|
Total |
8.192.160,52 |
8.133.435,68 |
7.287.521,92 |
0,72% |
|
CURRENT ASSETS |
|
|
|
|
|
Inventories |
7.376.872,71 |
6.834.805,49 |
5.579.826,70 |
7,93% |
|
Biological assets |
- |
- |
- |
- |
|
Costumers |
9.221.503,70 |
7.569.255,85 |
7.874.680,80 |
21,83% |
|
Advances to suppliers |
- |
- |
- |
- |
|
State and other public entities |
236.108,63 |
128.899,26 |
63.641,20 |
83,17% |
|
Shareholders/partners |
- |
- |
- |
- |
|
Other accounts receivable |
2.249.330,08 |
487.728,23 |
646.123,64 |
361,19% |
|
Deferrals |
151.495,22 |
89.292,68 |
87.772,59 |
69,66% |
|
Financial assets held for trading |
- |
- |
- |
- |
|
Other financial assets |
- |
- |
- |
- |
|
Non-current assets held for sale |
- |
- |
- |
- |
|
Other current assets |
- |
- |
- |
- |
|
Cashier and bank deposits |
257.295,36 |
523.095,60 |
101.330,84 |
(50,81)% |
|
Total |
19.492.605,70 |
15.633.077,11 |
14.353.375,77 |
24,69% |
|
TOTAL ASSET |
27.684.766,22 |
23.766.512,79 |
21.640.897,69 |
16,49% |
|
SHAREHOLDERS FUNDS
AND LIABILITIES SHAREHOLDERS FUNDS |
|
|
|
|
|
Capital |
1.000.000,00 |
1.000.000,00 |
1.000.000,00 |
- |
|
Own shares |
- |
- |
- |
- |
|
Other shareholders funds instruments |
1.320.000,00 |
1.320.000,00 |
1.320.000,00 |
- |
|
Emission premiuns |
- |
- |
- |
- |
|
Legal reserves |
260.071,81 |
260.071,81 |
260.071,81 |
- |
|
Other reserves |
4.481.555,71 |
4.481.555,71 |
4.481.555,71 |
- |
|
Net retained |
310.981,66 |
327.802,73 |
346.787,75 |
(5,13)% |
|
Adjustments on financial assets |
- |
- |
- |
- |
|
Revaluation surplus |
- |
- |
- |
- |
|
Other shareholders funds changes |
- |
- |
- |
- |
|
Total |
7.372.609,18 |
7.389.430,25 |
7.408.415,27 |
(0,23)% |
|
Net income for the period |
(172.555,05) |
7.217,29 |
550,05 |
(2.490,86)% |
|
Antecipated dividends |
- |
- |
- |
- |
|
TOTAL OF SHAREHOLDERS FUNDS |
7.200.054,13 |
7.396.647,54 |
7.408.965,32 |
(2,66)% |
|
LIABILITY |
|
|
|
|
|
NON-CURRENT LIIABILITIES |
|
|
|
|
|
Provisions |
- |
- |
- |
- |
|
Financing obtained |
6.948.770,81 |
3.326.540,08 |
2.910.584,15 |
108,89% |
|
Responsability for post-employment beneficts |
- |
- |
- |
- |
|
Diferred taxes liabilities |
- |
- |
- |
- |
|
Other payable accounts |
- |
- |
- |
- |
|
Total |
6.948.770,81 |
3.326.540,08 |
2.910.584,15 |
108,89% |
|
CURRENT LIABILITIES |
|
|
|
|
|
Suppliers |
4.035.836,54 |
2.407.852,86 |
3.113.023,77 |
67,61% |
|
Advances from costumers |
- |
- |
- |
- |
|
State and other public entities |
224.713,54 |
311.923,78 |
119.866,19 |
(27,96)% |
|
Shareholders/partners |
- |
- |
- |
- |
|
Financing obtained |
8.203.666,15 |
10.093.984,62 |
7.886.384,88 |
(18,73)% |
|
Other payable accounts |
206.016,93 |
229.563,91 |
202.073,38 |
(10,26)% |
|
Deferrals |
865.708,12 |
- |
- |
- |
|
Financial liabilities held for trading |
- |
- |
- |
- |
|
Other financial liabilities |
- |
- |
- |
- |
|
Non-current liabilities held for sale |
- |
- |
- |
- |
|
Other current liabilities |
- |
- |
- |
- |
|
Total |
13.535.941,28 |
13.043.325,17 |
11.321.348,22 |
3,78% |
|
TOTAL LIABILITIES |
20.484.712,09 |
16.369.865,25 |
14.231.932,37 |
25,14% |
|
TOTAL SHAREHOLDERS FUNDS AND LIABILITIES |
27.684.766,22 |
23.766.512,79 |
21.640.897,69 |
16,49% |
|
INCOME STATEMENT |
|
|
|
|
|
INCOME AND EXPENSES |
|
|
|
|
|
Sales and services |
30.110.705,92 |
27.223.567,55 |
23.442.175,10 |
10,61% |
|
Operating government grants |
4.915,87 |
2.766,85 |
- |
77,67% |
|
Gains/losses allocated subsidiaries, associates and
joint ventures |
- |
- |
- |
- |
|
Variation in production inventories |
(226.394,85) |
610.154,53 |
(9.682,84) |
(137,10)% |
|
Work for the entity itself |
- |
191.542,00 |
- |
- |
|
Cost of goods sold and materials consumed |
25.777.978,47 |
24.471.944,49 |
20.515.931,70 |
5,34% |
|
Suppliers and external services |
1.664.221,29 |
1.252.720,34 |
934.225,44 |
32,85% |
|
Personnel costs |
1.330.253,62 |
1.091.714,20 |
887.509,77 |
21,85% |
|
Impairment of inventories (losses/revearsals) |
- |
- |
- |
- |
|
Impairment of receivables (losses/revearsals) |
71.548,44 |
62.773,95 |
(2.216,70) |
13,98% |
|
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 |
36,09 |
(6,48) |
0,78 |
(656,94)% |
|
Other income and gains |
53.221,50 |
65.402,23 |
31.316,86 |
(18,62)% |
|
Other expenses and losses |
189.968,80 |
178.189,72 |
155.857,86 |
6,61% |
|
Result before depreciation, financing costs and taxes |
908.513,91 |
1.036.083,98 |
972.501,83 |
(12,31)% |
|
Expenses/reversals of depreciation and amortization |
637.883,73 |
524.332,49 |
408.440,74 |
21,66% |
|
Impairment of investments depreciable/amortizable
(losses/reversals) |
- |
- |
- |
- |
|
Operating result (before financing costs and taxes) |
270.630,18 |
511.751,49 |
564.061,09 |
(47,12)% |
|
Interest and similar income obtained |
- |
- |
- |
- |
|
interest and similar expenses incurred |
436.628,32 |
484.890,39 |
540.070,27 |
(9,95)% |
|
Net before taxes |
(165.998,14) |
26.861,10 |
23.990,82 |
(717,99)% |
|
Income tax of the period |
6.556,91 |
19.643,81 |
23.440,77 |
(66,62)% |
|
Net profit for the period |
(172.555,05) |
7.217,29 |
550,05 |
(2.490,86)% |
|
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) (%) |
(2,4) |
0,10 |
0,01 |
|
Return on Assets (Operating Result / Total Asset)(%) |
0,98 |
2,15 |
2,61 |
|
Sales Net Profitability (Net Income / Sales) (%) |
(0,57) |
0,03 |
|
|
EFFICIENCY RATIOS |
|
|
|
|
Medium Term Receivable (Costumers / Sales) * 365 (d) |
111,78 |
101,48 |
122,61 |
|
Medium Term Payable (Suppliers / Purchases + Suppliers
and external services)*365 (d) |
52,22 |
33,33 |
49,82 |
|
Asset Rotation (Sales / Toral Asset) (%) |
108,76 |
114,55 |
108,32 |
|
PRODUCTIVITY RATIOS |
|
|
|
|
Gross Added Value / Employee (#) |
47.148,57 |
54.764,47 |
59.928,84 |
|
Sales / Employee (#) |
614.504,20 |
680.589,19 |
756.199,20 |
|
Productivity (Gross Added Value / Personnel costs) (#) |
1,74 |
2,01 |
2,09 |
|
SHORT TERM RATIOS |
|
|
|
|
General Liquidity (Current Assets / Current
Liabilities) (#) |
1,44 |
1,20 |
1,27 |
|
Reduced Liquidity (Current Assets - Inventories /
Current Liabilities) (#) |
0,90 |
0,67 |
0,78 |
|
Immediate Liquidity (Cashier and bank deposits /
Current Liabilities) (#) |
0,02 |
0,04 |
0,01 |
|
MEDIUM LONG TERM RATIOS |
|
|
|
|
Financial Autonomy (Shareholders Funds / Total Asset)
(%) |
26,01 |
31,12 |
34,24 |
|
Solvability(Shareholders Funds / Total Liabilities) (%) |
35,15 |
45,18 |
52,06 |
|
Debt Structure (Current Liabilities / Total
Liabilities) (%) |
66,08 |
79,68 |
79,55 |
|
General Debt (Total Liabilities / Total Asset) (%) |
73,99 |
68,88 |
65,76 |
|
Debt Capacity (Shareholders Funds / Shareholders Funds
+ Non Current Liabilities)(%) |
50,89 |
68,98 |
71,80 |
|
Capital Structure (Shareholder's Funds / Non Current
Liabilities) (%) |
103,62 |
222,35 |
254,55 |
|
OPERATIONAL AND FINANCIAL RISK |
|
|
|
|
Operational Leverage Level (OLL) (Gross Margin /
Operating Result) (#) |
16,01 |
5,38 |
5,19 |
|
Financial Leverage Level (FLL) (Gross Operating Profit
/ Operating Result) (#) |
(1,63) |
19,05 |
23,51 |
|
Combined Leverage Level (OLL x FLL) (#) |
(26,1) |
102,44 |
121,98 |
CASH FLOW STATEMENT
|
RUBRICS |
2016 |
2015 |
PERIODS |
|
CASH FLOWS FROM
OPERATIONAL ACTIVITIES |
|
|
|
|
Customers receipts |
36.135.175,51 |
35.204.629,13 |
2,64% |
|
Payments to suppliers |
35.725.180,90 |
32.488.427,25 |
9,96% |
|
Payments to employees |
1.311.234,56 |
1.089.056,72 |
20,40% |
|
Cash at bank generated from operations |
(901.239,95) |
1.627.145,16 |
(155,39)% |
|
Payment/receipt of income tax |
(64.525,02) |
(61.887,53) |
(4,26)% |
|
Other receipts/payments |
18.745,33 |
(1.404.244,46) |
101,33% |
|
Cash Flows from
Operational Activities (A) |
(947.019,64) |
161.013,17 |
(688,16)% |
|
CASH FLOWS' INVESTMENT ACTIVITIES |
|
|
|
|
Payments regarding: |
|
|
|
|
Fixed tangible assets |
591.122,72 |
1.778.429,19 |
(66,76)% |
|
Intangible assets |
28.637,80 |
29.028,65 |
(1,35)% |
|
Financial investments |
2.643,70 |
1.083,28 |
144,05% |
|
Other assets |
- |
- |
- |
|
Receipts from: |
|
|
|
|
Fixed tangible assets |
18,33 |
- |
- |
|
Intangible assets |
- |
- |
- |
|
Financial investments |
- |
- |
- |
|
Other assets |
- |
- |
- |
|
Investment subsidies |
- |
- |
- |
|
Interest and similar income |
- |
- |
- |
|
Dividends |
- |
- |
- |
|
Cash Flows' Investments
Activities (B) |
(427.230,21) |
(1.808.541,12) |
76,38% |
|
CASH FLOWS' INVESTMENT ACTIVITIES |
|
|
|
|
Receipts from: |
|
|
|
|
Obtained financing |
32.224.471,34 |
26.053.030,29 |
23,69% |
|
Paying-up of capital and other equity instruments |
- |
- |
- |
|
Coverage of losses |
- |
- |
- |
|
Donations |
- |
- |
- |
|
Other financing operations |
- |
- |
- |
|
Payments
regarding: |
|
|
|
|
Obtained financing |
30.549.109,46 |
23.386.154,70 |
30,63% |
|
Interests and similar expenses |
566.912,27 |
597.582,88 |
(5,13)% |
|
Dividends |
- |
- |
- |
|
Capital's redution and other equity instruments |
- |
- |
- |
|
Other financing operations |
- |
- |
- |
|
Cash Flows' Financing Activities © |
1.108.449,61 |
2.069.292,71 |
(46,43)% |
|
Variation in cash at bank and its equivalents (A+B+C) |
(265.800,24) |
421.764,76 |
(163,02)% |
|
Effect of exchange differences |
- |
- |
- |
|
Cash at bank and its
equivalents at the start of
period |
523.095,60 |
101.330,84 |
416,23% |
|
Cash at bank and its
equivalents at the end of
period |
257.295,36 |
523.095,60 |
(50,81)% |
|
CASH
FLOWS |
|
|
|
|
|
|
MOVIMENTOS DO PERIODO DE 2016 |
|||
|
RUBRICS |
INITIAL BALANCE |
DEBITS |
CREDITS |
FINAL BALANCE |
|
PERIOD'S CARRYING AMOUNT AND MOVEMENTS |
|
|
|
|
|
Cash in hand |
199.785,47 |
5.505,75 |
6.375,43 |
198.915,79 |
|
Order deposits |
323.310,13 |
54.908.306,42 |
55.173.236,98 |
58.379,57 |
|
Other bank deposits |
0,00 |
- |
- |
0,00 |
|
Total cash at bank and bank deposits |
523.095,60 |
54.913.812,17 |
55.179.612,41 |
257.295,36 |
|
Of which: Bank deposits abroad |
- |
- |
- |
0,00 |
|
RUBRICS |
|
|
|
VALUE |
|
OTHER INFORMATION |
|
|
|
|
|
Receipts from: |
|
|
|
|
|
Non-life insurance claims |
|
|
|
- |
|
Operating subsidies |
|
|
|
5.915,47 |
|
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 |
||||
|
|
||||
|
RUBRICS |
GRANTS FROM STATE AND OTHER PUBLIC BODIES |
GRANTS FROM OTHER ENTITIES |
||
|
VALUE ASSIGNED IN THE PERIOD OR IN PREVIOUS PERIODS |
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 |
- |
- |
- |
- |
|
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 |
- |
4.915,87 |
- |
- |
|
Value of repayments
in the period: |
- |
0,00 |
- |
0,00 |
|
Grants related to
assets/investment |
- |
- |
- |
- |
|
Grants related to
income / operating |
- |
- |
- |
- |
|
TOTAL |
- |
4.915,87 |
- |
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 |
|
83.852,58 |
12.304,14 |
71.548,44 |
|
Other receivables |
|
- |
- |
0,00 |
|
Equity instruments and
other securities |
|
- |
- |
0,00 |
|
Others |
|
- |
- |
0,00 |
|
TOTAL |
|
83.852,58 |
12.304,14 |
71.548,44 |
|
DEBTS
REGISTERED AS DOUBTFUL |
|
|
|
|
|
RUBRICS |
VALUE |
|
Regarding insolvency
and company recovery procedures or enforcement procedures |
- |
|
Claimed in court |
603.001,72 |
|
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 |
603.001,72 |
|
EMPLOYEE
BENEFITS, COMPANY EMPLOYEES AND PERSONNEL COSTS |
||
|
|
||
|
RUBRICS |
AVERAGE NUMBER OF |
AVERAGE NUMBER OF |
|
|
EMPLOYEES |
HOURS WORKED |
|
Company employees,
paid and unpaid |
49 |
92.913 |
|
Paid company
employees |
49 |
92.913 |
|
Company UNPAID
employees |
0 |
- |
|
Company employees,
by type of working hours |
|
|
|
Full time company
employees |
49 |
92.913 |
|
Of which: Full time
company employees |
49 |
92.913 |
|
Part time company
employees |
- |
- |
|
Of which: Part time
company employees |
- |
- |
|
Company employees,
by gender: |
|
|
|
Men |
35 |
63.849 |
|
Women |
14 |
29.064 |
|
Company employees,
of which: |
|
|
|
Company employees
assigned to Research and Development |
- |
- |
|
Service providers |
- |
- |
|
People placed
through temporary employment agencies |
1 |
- |
|
STAFF COSTS |
|
|
|
|
|
RUBRICS |
VALUE |
|
Staff
costs |
1.330.253,62 |
|
Governance
Bodies Remuneration |
- |
|
Of
which: Profit-sharing |
- |
|
Employees
remuneration |
1.070.970,34 |
|
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 |
5.625,89 |
|
Charges
on remunerations |
212.832,82 |
|
Insurance
for accidents at work and professional diseases |
9.628,58 |
|
Social
security expenses |
- |
|
Other
staff costs |
31.195,99 |
|
Of
which: |
|
|
Expenditure
on education |
10.247,72 |
|
Expenditure
on uniforms |
11.863,07 |
|
INFORMATION
BY GEOGRAPHIC MARKETS |
||||
|
|
||||
|
|
GEOGRAPHIC MARKETS |
|||
|
|
|
|||
|
RUBRICS |
INTERNAL |
EU |
EXTRA-EU |
TOTAL |
|
Sales |
27.192.328,12 |
1.257.682,81 |
1.561.443,77 |
30.011.454,70 |
|
Services provided |
3.291,53 |
93.832,19 |
2.127,50 |
99.251,22 |
|
Purchases |
12.344.582,02 |
8.298.883,20 |
5.902.975,81 |
26.546.441,03 |
|
Supplies and
external services |
1.450.964,10 |
199.510,47 |
13.746,72 |
1.664.221,29 |
|
Acquisition of
fixed tangible assets |
773.454,79 |
114.565,02 |
- |
888.019,81 |
|
Acquisition of
investment properties |
- |
- |
- |
0,00 |
|
Acquisition of
intangible assets |
47.576,56 |
9.376,00 |
- |
56.952,56 |
|
Supplementary
income: |
0,00 |
0,00 |
0,00 |
0,00 |
|
Social services |
- |
- |
- |
0,00 |
|
Equipment rental |
- |
- |
- |
0,00 |
|
Studies, projects
and technological assistance |
- |
- |
- |
0,00 |
|
Royalities |
- |
- |
- |
0,00 |
|
Others |
- |
- |
- |
0,00 |
|
Memorandum: Sales
and services provided (undiscounted
values) |
- |
- |
- |
0,00 |
|
Memorandum:
Purchases and supplies and external services |
- |
- |
- |
0,00 |
|
(undiscounted
values) |
|
|
|
|
|
RECEIVABLE
AND PAYABLE ACCOUNTS |
|
|
|
|
|
|
|
|
|
RUBRICS |
2016 |
2015 |
PERIODS |
|
CUSTOMERS |
|
|
|
|
Trade accounts
receivable |
9.793.158,42 |
8.055.755,81 |
21,57% |
|
Trade notes
receivable |
31.347,00 |
44.953,32 |
(30,27)% |
|
Advances received
from customers |
- |
- |
- |
|
SUPPLIERS |
|
|
|
|
Trade accounts
payable |
4.029.713,18 |
2.385.534,76 |
68,92% |
|
Trade notes payable |
- |
- |
- |
|
Trade accounts
payable - unchecked invoices |
6.123,36 |
22.318,10 |
(72,56)% |
|
Advances to
suppliers |
- |
- |
- |
|
STAFF
|
|
|
|
|
Payable
remunerations |
0,00 |
23.147,56 |
(100,00)% |
|
Advanced payments |
76.322,73 |
55.826,62 |
36,71% |
|
Bonds |
- |
- |
- |
|
Other operations |
- |
- |
- |
|
STATE AND OTHER
PUBLIC SECTOR INSTITUTIONS |
|
|
|
|
Income Tax |
147.666,23 |
93.571,03 |
57,81% |
|
Deductible IVA
(debt cumulative amounts) |
- |
- |
- |
|
Paid IVA (credit
cumulative amounts) |
- |
- |
- |
|
SHAREHOLDERS /
PARTNERS |
|
|
|
|
Shareholders with
subscription |
- |
- |
- |
|
Unreleased quotas |
- |
- |
- |
|
Advances for
profits |
- |
- |
- |
|
ALLOCATED RESULTS |
|
|
|
|
From the
perspective of the entity distributing profits |
- |
- |
- |
|
From the perspective
of the entity with allocated profits |
- |
- |
- |
|
AVAILABLE PROFITS |
|
|
|
|
From the
perspective of the entity distributing profits |
- |
- |
- |
|
From the
perspective of the entity with allocated profits |
- |
- |
- |
|
Granted loans - parent
company |
- |
- |
- |
|
Granted loans -
subsidiary companies, associated companies and joint |
|
|
|
|
|
- |
- |
- |
|
ventures |
|
|
|
|
Granted loans -
other shareholders/partners |
- |
- |
- |
|
Of which:
Participating companies |
- |
- |
- |
|
OTHER OPERATIONS |
|
|
|
|
Debit status |
- |
- |
- |
|
Credit status |
- |
- |
- |
|
OTHER RECEIVABLE
AND PAYABLE ACCOUNTS |
|
|
|
|
Investment
providers - general accounts |
- |
- |
- |
|
Trade accounts
payable - unchecked invoices |
- |
- |
- |
|
Advanced payments
to investment providers |
- |
- |
- |
|
additional income -
Debtors |
30.033,29 |
- |
- |
|
additional expenses
- Creditors |
206.016,93 |
174.269,05 |
18,22% |
|
Deferred tax assets |
87.702,25 |
95.021,33 |
(7,70)% |
|
Deferred tax liabilities |
- |
- |
- |
|
Unreleased
subscriptions - Creditors |
- |
- |
- |
|
Advances received
on account of sales |
- |
- |
- |
|
OTHER DEBTORS AND
CREDITORS |
|
|
|
|
Other debtors |
2.133.469,32 |
415.689,00 |
413,24% |
|
Other creditors |
- |
- |
- |
|
EXPENSE ACCOUNTS |
|
|
|
|
RUBRICS |
2016 |
2015 |
PERIODS |
|
Supplies and
external services |
1.664.221,29 |
1.252.720,34 |
32,85% |
|
Subcontracts |
- |
- |
- |
|
Specialized
services |
248.403,24 |
249.749,72 |
(0,54)% |
|
Specialized works |
47.844,65 |
53.870,71 |
(11,19)% |
|
Of which:
Payments to workers placed through agencies |
- |
- |
- |
|
Advertising and
promotion |
4.150,00 |
1.250,00 |
232,00% |
|
Surveillance and
security |
7.753,08 |
9.752,36 |
(20,50)% |
|
Fees |
66.232,08 |
76.280,81 |
(13,17)% |
|
Comissions |
13.746,72 |
26.933,78 |
(48,96)% |
|
Maintenance and
repairs |
108.676,71 |
81.662,06 |
33,08% |
|
Others |
- |
- |
- |
|
Materials |
22.139,30 |
17.397,28 |
27,26% |
|
Fast wear tools and
utensils |
5.956,85 |
2.960,73 |
101,20% |
|
Books and technical
documentation |
5.812,29 |
2.811,08 |
106,76% |
|
Office material |
9.963,30 |
9.626,66 |
3,50% |
|
Gift items |
406,86 |
1.998,81 |
(79,64)% |
|
Others |
- |
- |
- |
|
Energy and fluids |
468.972,85 |
174.160,10 |
169,28% |
|
Electricity |
72.985,12 |
31.098,59 |
134,69% |
|
Fuels |
105.033,38 |
86.702,27 |
21,14% |
|
Water |
2.828,48 |
2.774,73 |
1,94% |
|
Others |
288.125,87 |
53.584,51 |
437,70% |
|
Travel, lodging and
transportation |
725.158,54 |
557.144,98 |
30,16% |
|
Travel and lodging |
74.193,25 |
66.645,25 |
11,33% |
|
Transport of
personnel |
- |
- |
- |
|
Transport of goods |
366.011,77 |
438.846,76 |
(16,60)% |
|
Others |
284.953,52 |
51.652,97 |
451,67% |
|
Different services |
199.547,36 |
254.268,26 |
(21,52)% |
|
Rents and leases |
38.618,41 |
44.365,64 |
(12,95)% |
|
Of which:
Rents from land |
- |
- |
- |
|
Communication |
38.898,12 |
53.321,75 |
(27,05)% |
|
Insurance |
88.663,93 |
104.347,36 |
(15,03)% |
|
Royalties |
- |
- |
- |
|
Litigation and
Notaries |
5.342,94 |
7.732,09 |
(30,90)% |
|
Representation
expenses |
17.946,58 |
20.055,48 |
(10,52)% |
|
Cleaning, hygiene
and comfort |
2.636,25 |
2.851,90 |
(7,56)% |
|
Other services |
7.441,13 |
21.594,04 |
(65,54)% |
DELIBERATION OF
APPROVAL OF ACCOUNTS
Were the financial year's
accounts approved?
YES
Data da Aprovação: 30-03-2017 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 |
138.426,61 |
335.020,02 |
|
Allocated results /
Available profits |
0,00 |
0,00 |
|
Percentages or
bonuses to managing bodies |
- |
- |
|
Ditto to staff |
- |
- |
|
Reserves |
- |
- |
|
Coverage of losses |
- |
- |
|
7. Others |
- |
- |
|
BALANCE
(1-2-3-4-5-6-7) |
138.426,61 |
335.020,02 |
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?
Página 19 de 20
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: 503117625
Was the Legal
certification of accounts issued?
YES
Without reservation
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.22 |
|
|
1 |
INR 90.87 |
|
Euro |
1 |
INR 80.09 |
|
Euro |
1 |
INR 75.20 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.