MIRA INFORM
REPORT
|
Report Date : |
31.01.2011 |
IDENTIFICATION DETAILS
|
Name : |
Repsol Quimica S.A. |
|
|
|
|
Registered Office : |
Paseo DE
LA Castellana, 280, 28046 Madrids |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
23.09.1963 |
|
|
|
|
Legal Form : |
Joint Stock Company |
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|
|
Line of Business : |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
€ 600.00,00 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment
Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Exists |
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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
Spain |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Identification
Current Business Name: REPSOL
QUIMICA SA
Other names: YES
Current Address: PASEO CASTELLANA, 280
28046 MADRID
Branches: 21
Telephone number: 913489017
Fax: 913489494
URL: www.repsolypf.com
Trade Risk
Credit Appraisal: 600.000,00 €
Incidents: YES
Bank and business defaults of payment - ASNEF
INDUSTRIAL: NO
Financial Information
Balance sheet latest sales (2009): 1.788.523.000,00 €
(Trade Register)
Result: -115.358.000 €
Total Assets: 1.397.294.000 €
Social Capital: 60.461.000,00 €
Employees: 1.482
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 23/09/1963
Activity: Mfg. of plastic
raw materials
NACE 2009 CODE: 2016
International Operations: Imports and Exports
Corporate Structure
President:
Parent Company:
Participations: 23
Other Complementary Information
Latest act published in BORME: 24/12/2010 Resignations
Latest press article: 28/10/2009 DIARI DE TARRAGONA (CORPORATE INFORMATION)
Bank Entities: There are
The date when this report was last updated is 23/01/2011.
The information contained in this report has been
investigated and contrasted on 18/01/2011
Credit Appraisal
Maximum Credit
(from 0 to 6,000,000 €)
Favourable to 600.000,00 €
Financial Situation
Exercise:2009
|
Treasury |
Very degraded |
|
Indebtedness |
Very Heavy |
|
Profitability |
Negative |
|
Balance |
Very Degraded |
Performance
|
Incidents |
None or Negligible |
|
Business
Trajectory |
Acceptable |
Summary
LEGAL ACTIONS: 1 ( Last:25/01/2005 )
|
|
|
|
|
Insolvency Proceeding: |
0 |
|
|
Civil Court: |
0 |
|
|
Social Courts: |
1 |
|
ADMINISTRATIVE CLAIMS: No
administrative claims registered
AFFECTED BY:
19 Company / Companies in Insolvency Proceedings.
Last Legal Actions
Figures expressed in €
SOCIAL COURT
There are 1 incident(s) in the labour courts
registered.
|
DATE |
INCIDENCE
STATUS |
ACTOR |
AMOUNT |
|
25/01/2005 |
CLAIM |
MAZARRO JIMENEZ MANUEL BERNARDINO |
2.648,28 |
BANK AND BUSINESS
DEFAULTS OF PAYMENT - ASNEF INDUSTRIAL 
FINANCIAL ELEMENTS AND SECTORIAL COMPARATIVE
FINANCIAL ELEMENTS
The shaded amounts in the following financial statements
have been converted to the norms established in the PGC2007 derived from RD
1514/2007 and 1515/2007, this way comparatives could be shown with the amounts
of exercises initiated from 1/01/08.
Balance-sheet analysis
Figures
given in thousands €
|
|
31/12/2009 (12) |
% ASSETS |
31/12/2008 (12) |
% ASSETS |
31/12/2007 (12) |
% ASSETS |
||
|
ASSETS |
|
|
|
|
|
|
||
|
A) NON CURRENT ASSETS |
714.677,00 |
51,15 |
764.711,00 |
53,85 |
782.216,00 |
44,18 |
||
|
B) CURRENT ASSETS |
682.617,00 |
48,85 |
655.446,00 |
46,15 |
988.468,00 |
55,82 |
||
|
LIABILITIES |
|
|
|
|
|
|
||
|
sA) NET WORTH |
-321.599,00 |
-23,02 |
-206.241,00 |
-14,52 |
2.340,00 |
0,13 |
||
|
B) NON CURRENT LIABILITIES |
369.814,00 |
26,47 |
21.018,00 |
1,48 |
24.665,00 |
1,39 |
||
|
C) CURRENT LIABILITIES |
1.349.079,00 |
96,55 |
1.605.380,00 |
113,04 |
1.743.679,00 |
98,47 |
||
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Balance Sheet Comments
Total assets of the company decreased in 1,61%
between 2.008 and 2.009.
This decrease has been greater in non current assets that
reduced in 6,54%.
This
assets reduction has meant a net worth decrease
of 55,93%. Nevertheless, indebtedness has experienced a growth
of 5,69%.
Total
assets of the company decreased in 19,80%
between 2.007 and 2.008.
This
total assets decrease has been reflected in a reduction of non current assets
of 2,24%.
Assets
reduction is explained by Net Worth decrease of 8.913,72% and to
indebtedness reduction of 8,03%.
Profit and Loss Account Analysis
Figures
given in thousands €
|
|
31/12/2009 (12) |
% NET TURNOVER |
31/12/2008 (12) |
% NET TURNOVER |
31/12/2007 (12) |
% NET TURNOVER |
|
SALES |
1.788.523,00 |
|
2.735.139,00 |
|
3.188.690,00 |
|
|
GROSS MARGIN |
461.444,00 |
25,80 |
457.088,00 |
16,71 |
623.926,00 |
19,57 |
|
EBITDA |
-128.859,00 |
-7,20 |
-132.862,00 |
-4,86 |
55.501,00 |
1,74 |
|
EBIT |
-152.868,00 |
-8,55 |
-310.971,00 |
-11,37 |
-30.741,00 |
-0,96 |
|
NET RESULT |
-115.358,00 |
-6,45 |
-261.603,00 |
-9,56 |
-37.968,00 |
-1,19 |
|
EFFECTIVE TAX RATE (%) |
-33,14 |
0,00 |
-31,59 |
0,00 |
-48,39 |
0,00 |
Profit and Loss Account Comments
The company’s sales figure decreased
in 34,61% between 2.008 and 2.009.
The company’s EBIT grew
in 50,84% between 2.008 and 2.009.
This evolution implies an increase in the company’s economic
profitability .
The result of these variations is an increase of the company’s
Economic Profitability of 66,38% in the analysed period, being equal
to -5,08% in the year 2.009.
The Net Result of the company grew
in 55,90% between 2.008 and 2.009.
The company’s Financial Profitability has been positively
affected by the financial activities in comparison with EBITs behaviour .
The result of these variations is a reduction of the
company’s economic profitability of 71,06% in the analysed period,
being equal to 53,65% in the year 2.009 .
The company’s sales figure decreased in 14,22% between 2.007 and 2.008.
The company’s EBIT decreased
in 911,58% between 2.007 and 2.008.
This evolution implies a reduction in the economic
profitability of the company .
The result of these variations is a decrease of the
company’s Operating Profitability of 383,49% in the analysed period,
being this profitability of -15,11% in the year 2.008.
The Net Result of the company decreased
in 589,01% between 2.007 and 2.008.
The company’s Financial Profitability has been positively
affected by the financial activities in comparison with EBITs behaviour .
The result of these variations is an increase of the
company’s Economic Profitability of 105,90% in the analysed period,
being equal to 185,41% in the year 2.008 .
COMPARATIVE SECTOR ANALYSIS
Values table
Figures
expressed in %
|
|
COMPANY (2009) |
SECTOR |
DIFFERENCE |
|
BALANCE SHEET ANALYSIS: % on
the total assets |
|
|
|
|
ASSETS |
|||
|
A) NON CURRENT ASSETS |
51,15 |
34,88 |
16,27 |
|
A) CURRENT ASSETS |
48,85 |
65,12 |
-16,27 |
|
LIABILITIES |
|||
|
A) NET WORTH |
-23,02 |
32,28 |
-55,29 |
|
B) NON CURRENT LIABILITIES |
26,47 |
23,34 |
3,13 |
|
C) CURRENT LIABILITIES |
96,55 |
44,39 |
52,16 |
|
|
|
|
|
|
|
COMPANY (2009) |
SECTOR |
DIFFERENCE |
|
PROFIT AND LOSS ACCOUNT
ANALYSIS: % on the total operating income |
|
|
|
|
SALES |
95,90 |
98,49 |
-2,59 |
|
GROSS MARGIN |
24,74 |
25,94 |
-1,20 |
|
EBITDA |
-6,91 |
4,81 |
-11,72 |
|
EBIT |
-8,20 |
2,42 |
-10,61 |
|
NET RESULT |
-6,19 |
0,41 |
-6,60 |
Sector Composition
Compared sector (NACE 2009): 2016
Number of companies: 15
Size (Sales Figure): > 40,000,000.00 Euros
Comments on the sectorial comparative
Compared to its sector the assets of the companies
show a greater proportion of non current assets. Specifically the
difference with the sector average is 16,27% .
In liabilities composition the company appeals on a smaller
scale to self financing, being the Net Worth proportion 55,29% inferior.
As a consequence, external financing sources are more used by the company
( 55,29% more than the sector) .
The proportion that the sales mean to the company’s total
ordinary income is 95,90% , an 2,59% lower than in the
sector .
The company’s EBIT was negative and equal to -8,20% with
regard to the total ordinary income, 10,61% inferior to the one of
the sector .
The company’s capacity to generate operating income is
inferior to that of the sector as its ratio EBIT/Sales is inferior (-0,09 in
comparison with 0,02) .
The company’s net result was negative and equal to -6,19% with
regard to the total ordinary income, 6,60% inferior to the one of the
sector .
The financial results and the tax impact have had a positive
impact on the net result of the company; the contrary that in the sector .
OTHER DATA FROM THE
ANNUAL FINANCIAL REPORT
Results Distribution
Source: annual financial
report 2009
Figures
given in €
|
DISTRIBUTION BASE |
APPLICATION A |
||
|
Profit and Loss |
s-115.358.000,00 |
Legal Reserve |
0,00 |
|
Carry Over |
0,00 |
Voluntary Reserve |
0,00 |
|
Voluntary reserves |
0,00 |
Prior years losses |
-115.358.000,00 |
|
Reserves |
0,00 |
Carry Over |
0,00 |
|
Other concepts |
0,00 |
Other funds |
0,00 |
|
Total of Amounts to be
distributed |
-115.358.000,00 |
Dividends |
0,00 |
|
|
|
Other Applications |
0,00 |
Auditing
Source: filing of annual financial
statement 2009
Auditors’ opinion: FAVOURABLE
Auditor: DELOITTE S.L.
Auditing fees: 99.000,00 €
Facts subsequent to the closing
Source: Annual financial report 2009
Dentro del plan
que los socios de Repsol Química, S.A. han disenado para la corrección de fas
causas del desequilibrio patrimonial que venia produciéndose en los últimos ejercicios
en la Compania, se ha firmado con fecha 20 de marzo de 2009, un contrato de
magulla, por el que Repsol Petróleo, S.A. transformará en productos finales,
por cuenta de Repsol Química S A , las materias primas, principalmente nafta,
que esta soc edad le suministre, percibiendo a cambio una contraprestación
económica. El mencionado contrato de magulla, ha entrado en vigor el 1 de enero
de 2010, teniendo una duración inicial de 12 meses, sucediéndose, a partir del
primer vencimiento prorrogas automáticas de un ano salvo que cualquiera de las
partes manifieste su oposición. En este sentido los administradores de la
Sociedad consideran, a pesar del mencionado vencimiento, que el contrato tiene
un carácter indefinido por no esperarse su resolución en el corto o medio
plazo. Por otra parte, la Dirección de la Sociedad, con objeto de asegurar la
máxima flexibilidad posible para sus plantas y en respuesta a las condiciones
del mercado químico, ha decidido en marzo de 2010 parar por un periodo de tres
meses las plantas de Ponolefinas del Complejo Industrial de Puertollano así
como mantener paladas la planta de producción de Estireno y Óxido de Propileno
(OP/SM) y la de Glicoles Propilénicos del citado Complejo, y la de ACN/MMA del
Complejo Industrial de Tarragona. Estas medidas no suponen cambios
significativos en las previsiones y estimaciones consideradas en la elaboración
de estas cuentas anuales.
company ADDRESSES
Current Legal Seat Address:
PASEO CASTELLANA, 280
28046
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE VIA |
08021 |
|
|
|
APARTADO DE
CORREOS 57, - LG COMPLEJO IND PTO.LLANO |
13500 |
|
|
|
CALLE CALZADA, 4 |
13500 |
|
|
|
CALLE CALZADA, 5 |
13500 |
|
|
|
CARRETERA COMARCAL
503 (CALZADA DE CALATRAVA) (KM 4) |
13500 |
|
|
|
LUGAR EXTRARRADIO |
13500 |
|
|
|
CALLE MARQUES DE MURRIETA, 35 |
26005 |
LOGROÑO |
La Rioja |
|
CARRETERA EXTREMADURA, 18 |
28935 |
|
|
|
CALLE |
36204 |
|
Pontevedra |
|
CALLE |
39001 |
|
Cantabria |
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
Main Board members, Directors and Auditor
|
POSITION |
NAME AND SURNAME |
APPOINTMENT DATE |
|
|
PRESIDENT |
FERNANDEZ FRIAL PEDRO |
21/06/2010 |
|
|
MANAGING DIRECTOR |
|
27/07/2009 |
|
|
MEMBER OF THE BOARD |
PEREZ JURADO MANUEL |
22/07/2009 |
|
|
MEMBER OF THE BOARD |
|
22/07/2009 |
|
|
SECRETARY |
OLIET PALA BLAS |
23/07/2009 |
|
|
AUDITOR |
APPOINTMENT DATE |
||
|
DELOITTE SL |
28/06/2010 |
||
Board members remuneration
Source: Annual financial report 2009
Board members remuneration: 0,00 €
Functional Managers
|
POSITION |
NAME AND SURNAME |
|
Human Resources Director |
BOTAS LUIS |
|
Commercial Director |
CIMADEVILLA FRANCISCO J |
|
Marketing Director |
CIMADEVILA FRANCISCO J |
|
Purchases Director |
|
|
IT Director |
PARRA ROBERTO |
FINANCIAL LINKS
Shareholders
|
|
BUSINESS NAME |
CIF / COUNTRY |
% |
SOURCE |
DATE REP. |
|||||
|
REPSOL YPF SA |
A78374725 |
99,99 |
TRADE REG. |
31/12/2009 |
|
|||||
|
REPSOL PETROLEO SA |
A28047223 |
0,01 |
TRADE REG. |
31/12/2009 |
|
|||||
Participations
|
|
BUSINESS NAME |
CIF / COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
REPSOL
QUIMICA S.A. (FRANCIA) |
|
100,00 |
TRADE REG. |
31/12/2008 |
|
|
TRANSFORMADORA
DE PROPILENO AIE (EN LIQUIDACION) |
V43114859 |
100,00 |
CINCO DIAS |
10/09/2005 |
|
|
REPSOL QUIMICA,S.A. |
|
100,00 |
TRADE REG. |
31/12/2008 |
|
|
REPSOL CHEMIE DEUTSCHLAND GMBH |
|
100,00 |
TRADE REG. |
31/12/2009 |
|
|
REPSOL BRONDERSLEV A/S |
|
100,00 |
TRADE REG. |
31/12/2007 |
|
|
REPSOL QUIMICA |
|
100,00 |
TRADE REG. |
31/12/2008 |
CREDIT INFORMATION
Constitution
Incorporation date: 23/09/1963
Activity
Code: 1251400
Activity: Mfg. of plastic raw materials
NACE 2009 CODE: 2016
NACE 2009 Activity: Manufacture of plastics in
primary forms
Business: FABRICACION Y COMERCIALIZACION DE TODA
CLASE DE PRODUCTOS QUIMICOS, INCLUIDOS LOS PETROQUIMICOS.
Environmental information: YES (Page 84 -
87) Annual financial report 2009
Employees
Latest employees figure: 1.482 (2009)
% of fixed employees: 91,50%
% of temporary employees: 8,50%
% of men: 79,17%
% of women: 20,83%
Employees evolution
|
|
Employees distribution
Source: Annual financial
report 2009
|
CATEGORY |
TOTAL PER CATEGORY |
MEN |
WOMEN |
|
Distribution by sexes |
|
1.216 |
320 |
COMMERCIAL OPERATIONS
PURCHASES
Import Percentage: 12%
Imports from: UNION EUROPEA Y RESTO
National Distribution: 88%
SALES
Export Percentage: 48%
Exports
to: UNION EUROPEA Y
RESTO DEL MUNDO
National Distribution: 52%
SUPPLIERS
|
BUSINESS
NAME |
INTERNATIONAL |
|
REPSOL POLIVAR SPA |
YES |
|
POLIDUX SA |
NO |
|
GENERAL QUIMICA SA |
NO |
|
SRVICIOS DE SEGURIDAD MANCOMUNADOS |
NO |
|
REPSOL YPF
TESORERIA Y GESTION FINANCIERA SA |
NO |
|
SUBGRUPO REPSOL BUTANO |
NO |
|
TDE AIE |
NO |
|
IERQUIMSA |
NO |
|
REPSOL POLIMEROS LDA |
YES |
|
DYNASOL ELASTOMEROS SA |
NO |
CLIENTS
|
BUSINESS
NAME |
INTERNATIONAL |
|
POLYMED |
NO |
|
REPSOL POLIMEROS LDA |
YES |
|
REPSOL CHEMIE DEUTSCHALND |
YES |
|
REPSOL POLIVAR SPA |
YES |
|
REPSOL BRONDERSLEV |
YES |
|
POLIDUX SA |
NO |
|
DYNASOL ELASTOMEROS SA |
NO |
|
SUBGRUPO COMERCIAL |
NO |
|
SUBGRUPO REPSOL PETROLEO |
NO |
|
REPSOL YPF SA |
NO |
•
El 19,11 % de
su cifra de negocio corresponde a la venta de polipropileno .
•
El 3,26 % de su
cifra de negocio corresponde a la venta de ACN/MMA .
•
El 29,93 % de
su cifra de negocio corresponde a la venta de polietileno .
•
El 14,73 % de
su cifra de negocio corresponde a la venta de petroquímica básica .
•
El 28,28 % de
su cifra de negocio corresponde a la venta de SM/OP .
Banks
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
|
|
|
|
|
|
BANCO SANTANDER, S.A. |
|
|
|
|
|
BANCO BILBAO
VIZCAYA ARGENTARIA, S.A. |
|
|
|
|
|
CAJA DE
AHORROS Y M.P. DE MADRID |
|
|
|
|
Brands
FORMER NAMES:
•
ALCUDIA,
EMPRESA PARA LA INDUSTRIA QUIMICA SA
Brand name: ALCUPOL (Valid)
Type: DENOMINATIVE Scope: NATIONAL
Date: 16/10/2000
Brand name: REPSOL GLASS (Valid)
Type: JOINT Scope: NATIONAL
Date: 05/09/1995
Brand name: NNISPLENNN (Valid)
Type: JOINT Scope: INTERNATIONAL
Date: 12/07/1965
Brand name: CALATRAVA (Valid)
Type: DENOMINATIVE Scope: NATIONAL
Date: 01/01/1900
Brand
name: A ALCUDIA
ALCUDIA, S.A. (Valid)
Type: JOINT Scope: NATIONAL
Date: 01/01/1900
Constitution Data
Register Date: 23/09/1963
Current structure data
Legal form: Joint-stock Company
Social Capital: 60.461.000,00 €
Paid-up capital: 60.461.000,00 €
Legal Aspects
Obligation to fill in Financial Statements: YES
Chamber census: YES (2009)
B.O.R.M.E. (OFFICIAL COMPANIES REGISTRY GAZETTE)
Acts on activity: 0
Acts on administrators: 392 (Last:
24/12/2010, first: 14/02/1990)
Acts on capital: 2 (Last: 22/03/1994, first:
29/04/1993)
Acts on creation: 0
Acts on filed accounts: 21 (Last:
30/06/2010, first: 25/09/1990)
Acts on identification: 1 (Last: 02/04/1993)
Acts on Information: 8 (Last:
28/06/2001, first: 08/07/1991)
Latest acts in
B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
TRADE REGISTER |
|
Resignations |
24/12/2010 |
475613 |
|
|
Appointments |
24/12/2010 |
475612 |
|
|
Appointments |
24/12/2010 |
475611 |
|
|
Appointments |
30/11/2010 |
442874 |
|
|
Appointments |
23/11/2010 |
432449 |
|
|
Resignations |
23/11/2010 |
432448 |
|
|
Appointments |
17/11/2010 |
422784 |
|
|
Appointments |
11/11/2010 |
415897 |
|
Latest filed accounts
|
ACT |
DATE |
NOTICE NUM. |
TRADE REGISTER |
|
Annual Filed Accounts (2009) |
30/06/2010 |
221146 |
|
|
Annual Filed Accounts (2008) |
07/01/2010 |
14260 |
|
|
Annual Filed Accounts (2007) |
07/08/2008 |
244815 |
|
PRESS ARTICLES
Press summary by type
of information (last five years)
Legal notices: 0
Structural Data: 1 (Last: 20/04/2008)
Informative data: 5 (Last: 28/10/2009, first:
01/03/2006)
Financial Information: 1 (Last: 01/03/2006)
Negative information: 0
Business lines: 1 (Last: 25/04/2009)
Historical press releases: 64 (Last:
22/12/2005, first: 14/12/1992)
Latest press article published
28/10/2009 DIARI
DE TARRAGONA - CORPORATE INFORMATION
REPSOL QUIMICA
INICIARA EL 31/10/09 UNA NUEVA PARADA TEMPORAL DE DOS PLANTAS DEL COMPLEJO DEL
MORELL, LA DE COMPUESTOS DE POLIPROPILENO Y LA DE POLIETILENO DE ALTA DENSIDAD
(PEAD). LA SUSPENSION TEMPORAL SE ENMARCA DENTRO DEL EXPEDIENTE DE REGULACION
DE EMPLEO APROBADO POR LA CIA. A NIVEL ESTATAL EN JUNIO DE 2009 Y QUE ESTARA
VIGENTE HASTA EL 31/07/10. ES LA SEGUNDA VEZ QUE LA SOCIEDAD APLICA EL
EXPEDIENTE EN EL COMPLEJO DE TARRAGONA. EN CASO DE LA PLANTA DE ALTA DENSIDAD
LA PARADA SERA DE CASI UN MES, HASTA EL 25/11/09, MIENTRAS QUE LA FACTORIA DE
COMPUESTOS PERMANECERA SIN PRODUCCION DOS MESES, HASTA EL 31/12/09. LA MEDIDA
AFECTARA A UN TOTAL DE 25 TRABAJADORES.
12/08/2009 EL
PERIÓDICO DE CATALUNYA - CORPORATE INFORMATION
REPSOL QUIMICA
APLICARA OTRO ERE TEMPORAL EN TARRAGONA. LA CIA. PARARA LA PLANTA DEDICADA A LA
FABRICACION DE PLASTICOS EL 14/08/09 DURANTE 11 DIAS PARA ESQUIVAR EL EXCESO DE
PRODUCCION ANTE LA FUERTE CAIDA DE LA DEMANDA. EN ESE LAPSO DE TIEMPO, APLICARA
UN EXPEDIENTE DE REGULACION DE EMPLEO (ERE) TEMPORAL A 16 DE LOS 35
TRABAJADORES DEL CENTRO QUIMICO. LOS RESPONSABLES SINDICALES SE HAN MOSTRADO DE
ACUERDO CON LAS CONDICIONES. REPSOL QUIMICA YA TIENE PARADAS OTRAS DOS PLANTAS
MAS EN TARRAGONA SIN QUE SE HAYA FIJADO FECHA DE REANUDACION, A LA ESPERA DE
UNA REACTIVACION DE LA DEMANDA.
12/06/2009 CINCO
DIAS - CORPORATE INFORMATION
REPSOL QUIMICA HA INFORMADO A LA PLANTILLA
DE QUE PREPARA UN EXPEDIENTE DE REGULACION DE EMPLEO TEMPORAL, QUE PODRA TENER
UNA DURACION DE HASTA UN AÑO Y AFECTAR A LAS PLANTAS DE TARRAGONA, PUERTOLLANO
(CIUDAD REAL) Y MADRID. EL ERE SERA FLEXIBLE PARA APLICARLO EN CADA PLANTA EN
MOMENTOS DIFERENTES, O EN NINGUN MOMENTO, SEGUN LA SITUACION DE LAS EXISTENCIAS
Y PRECIOS DE CADA PRODUCTO. DONDE SE CONSIDERA INMINENTE EL ERE ES EN LA PLANTA
DE PUERTOLLANO, QUE SE APLICARA AL 10% DE LA PLANTILLA TAN PRONTO LLEGUE LA
AUTORIZACION DE TRABAJO.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.45.74 |
|
|
1 |
Rs.72.73 |
|
Euro |
1 |
Rs.62.73 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Company |
---- |
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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.