MIRA INFORM REPORT
|
Report Date : |
18.05.2011 |
IDENTIFICATION DETAILS
|
Correct Name : |
EL CORTE INGLES S.A. |
|
|
|
|
Registered Office : |
Calle Hermosilla, 112, 28009 Madrid |
|
|
|
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Country : |
Spain |
|
|
|
|
Financials (as on) : |
28.02.2010 |
|
|
|
|
Date of Incorporation : |
|
|
|
|
|
Legal Form : |
Joint stock Company |
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|
|
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Line of Business : |
Retail sale of industrial products |
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 : |
6.000.000,00 € |
|
Status : |
Moderate |
|
Payment
Behaviour : |
No Complaints |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
Spain |
a2 |
a2 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name
EL CORTE INGLES S.A.
TAX NUMBER: A28017895
EXECUTIVE SUMMARY
Identification
Current Business Name: EL CORTE INGLES S.A.
Commercial name: GREEN COAST ; YERA ; EMIDIO TUCCI
Other names: YES
Current Address: CALLE HERMOSILLA, 112
Branches: 655
Telephone number: 913090988 Fax: 913093433
URL: www.elcorteingles.es , www.elcorteinglesdeconews.es
Corporate e-mail: administracion@elcorteingles.es
Trade Risk
Credit Appraisal: 6.000.000,00 €
Incidents: YES
R.A.I.: NO
Bank and business defaults of payment - ASNEF EMPRESAS: NO
Financial Information
Balance sheet latest sales (2010): 11.201.939.000,00 € (Trade Register)
Result: 367.073.000 €
Total Assets: 12.565.302.000 €
Social Capital: 486.864.000,00 €
Employees: 61.507
Listed on a Stock Exchange: NO
Commercial Information
Incorporation date: 02/01/1952
Activity: Retail sale of industrial products
(except foodstuff)
NACE 2009 CODE: 4719
International Operations: Imports
Corporate Structure
President:
Participations: 46
Other Complementary Information
Latest filed accounts published in the Mercantile Register: 2010
Type of Accounts available at the Mercantile Register: Individuals
Latest act published in BORME: 13/05/2011 Resignations
Latest press article: 13/05/2011 EXPANSIÓN DE
CATALUŃA (AGREEMENTS BETWEEN COMPANIES)
Bank Entities: There are
The date when this report was last updated is 13/05/2011.
The information contained in this report has been investigated and
contrasted on 23/12/2010
Credit Appraisal
Maximum Credit
(from 0 to 6,000,000 €)
Favourable to 6.000.000,00 €
Financial Situation
Exercise:2010
|
Treasury |
Degraded |
|
Indebtedness |
Slight |
|
Profitability |
Average |
|
Balance |
Degraded |
Performance
|
Incidents |
Exceptional |
|
Business
Trajectory |
Acceptable |
INCIDENTS
Summary
LEGAL ACTIONS: No legal actions registered
ADMINISTRATIVE CLAIMS: 8 ( Last:23/02/2010 , first: 13/11/2009
)
|
|
|
|
|
With the Social Security: |
7 |
|
|
With the Tax Authorities: |
0 |
|
|
With Other Official bodies: |
1 |
|
AFFECTED BY:
20 Company / Companies in Insolvency Proceedings.
Latest
Administrative Claims
Figures expressed in €
WITH THE SOCIAL SECURITY.
Notifications
|
DATE |
ORGANIZATION |
AMOUNT |
|
30/11/2009 |
CENTRAL TREASURY FOR SOCIAL SECURITY DIRECCION PROVINCIAL DE
TRABAJO Y SEGURIDAD SOCIAL |
2.661,42 |
|
30/11/2009 |
CENTRAL TREASURY FOR SOCIAL SECURITY DIRECCION PROVINCIAL DE
TRABAJO Y SEGURIDAD SOCIAL |
2.568,79 |
|
13/11/2009 |
CENTRAL TREASURY FOR SOCIAL SECURITY DIRECCION PROVINCIAL DE
TRABAJO Y SEGURIDAD SOCIAL |
5.231,15 |
There are 7 administrative claims with the Social Security registered
WITH OTHER OFFICIAL BODIES.
Seizures
|
DATE |
ORGANIZATION |
AMOUNT |
|
23/02/2010 |
TOWN/ CITY HALL DE SEVILLA |
|
There are 1 administrative claims with Other Official bodies
registered
Detail of the
Latest Administrative Claims
Figures expressed in €
Seizures
WITH OTHER OFFICIAL BODIES.
Phase: SEIZURE
Organization: TOWN/ CITY HALL DE SEVILLA
Concept: Other debts
Date of the claim: 23/02/2010
Source: Published in the Gazette of SEVILLA Appendix 03, on 05/04/2010, page 278
Figures expressed in €
Notifications
WITH THE SOCIAL SECURITY.
Phase: DEBTS WITH OFFICIAL BODIES
Organization: CENTRAL TREASURY FOR SOCIAL SECURITY DIRECCION
PROVINCIAL DE TRABAJO Y SEGURIDAD SOCIAL
Concept: Share
Date of the claim: 30/11/2009
Period: 0409 0409
Source: Published in the Gazette of CADIZ, on 11/12/2009, page 4
Amount: 2.661,42
BANK AND BUSINESS DEFAULTS OF
PAYMENT - ASNEF EMPRESAS
R.A.I.
COMPANY NOT REGISTERED IN THE R.A.I.
This company is not registered in the Disputed Bills register (R.A.I.)
DATE AND TIME OF THE CONSULTATION
16/05/2011 08:05:52
Information from the Registro de Aceptaciones Impagados (RAI)- Disputed
Bills register.
It can only be used for information legitimate needs of the consulting
party, in accordance with its social or business activity, in order to grant a
credit or the monitoring or control of the already granted credits and can not
be transmitted or communicated to thirds, nor copied, duplicated, reproduced
nor implemented to any database , owned or external, or reused it in anyway,
direct or indirectly.
FINANCIAL ELEMENTS AND SECTORIAL COMPARATIVE
FINANCIAL ELEMENTS
Figures given in thousands €
|
|
28/02/2010 (12) BALANCE SHEET |
% ASSETS |
28/02/2009 (12) BALANCE SHEET |
% ASSETS |
29/02/2008 (12) BALANCE SHEET |
% ASSETS |
|
ASSETS |
|
|
|
|
|
|
|
A) NON CURRENT ASSETS |
9.969.157,00 |
79,34 |
9.686.231,00 |
78,17 |
8.758.159,00 |
78,45 |
|
B) CURRENT ASSETS |
2.596.145,00 |
20,66 |
2.704.339,00 |
21,83 |
2.406.413,00 |
21,55 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
5.542.303,00 |
44,11 |
5.313.003,00 |
42,88 |
5.102.562,00 |
45,70 |
|
B) NON CURRENT LIABILITIES |
3.090.268,00 |
24,59 |
2.623.345,00 |
21,17 |
1.581.304,00 |
14,16 |
|
C) CURRENT LIABILITIES |
3.932.731,00 |
31,30 |
4.454.222,00 |
35,95 |
4.480.706,00 |
40,13 |
Profit and Loss
Account Analysis
Figures given in thousands €
|
|
28/02/2010 (12) BALANCE SHEET |
% NET TURNOVER |
28/02/2009 (12) BALANCE SHEET |
% NET TURNOVER |
29/02/2008 (12) BALANCE SHEET |
% NET TURNOVER |
|
SALES |
11.201.939,00 |
|
11.555.893,00 |
|
12.224.277,00 |
|
|
GROSS MARGIN |
3.611.048,00 |
32,24 |
3.686.082,00 |
31,90 |
3.871.041,00 |
31,67 |
|
EBITDA |
721.915,00 |
6,44 |
718.464,00 |
6,22 |
845.599,00 |
6,92 |
|
EBIT |
364.899,00 |
3,26 |
394.343,00 |
3,41 |
524.721,00 |
4,29 |
|
NET RESULT |
367.073,00 |
3,28 |
363.046,00 |
3,14 |
447.072,00 |
3,66 |
|
EFFECTIVE TAX RATE (%) |
5,40 |
|
11,86 |
|
17,01 |
|
COMPARATIVE SECTOR ANALYSIS
Values table
Figures expressed in %
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
BALANCE SHEET ANALYSIS: % on the total
assets |
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
||
|
A) NON CURRENT ASSETS |
79,34 |
61,35 |
17,99 |
|
|
|
|
|
A) CURRENT ASSETS |
20,66 |
38,65 |
-17,99 |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
||
|
A) NET WORTH |
44,11 |
37,18 |
6,92 |
|
|
|
|
|
B) NON CURRENT LIABILITIES |
24,59 |
16,54 |
8,05 |
|
|
|
|
|
C) CURRENT LIABILITIES |
31,30 |
46,27 |
-14,97 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
|
|
|
|
|
|
|
SALES |
95,60 |
94,23 |
1,37 |
|
|
|
|
|
GROSS MARGIN |
30,82 |
34,46 |
-3,64 |
|
|
|
|
|
EBITDA |
6,16 |
7,30 |
-1,14 |
|
|
|
|
|
EBIT |
3,11 |
4,18 |
-1,07 |
|
|
|
|
|
NET RESULT |
3,13 |
2,07 |
1,06 |
|
|
|
|
Sector Composition
Compared sector (NACE 2009): 4719
Number of companies: 33
Size (Sales Figure): > 40,000,000.00 Euros
OTHER DATA FROM THE ANNUAL
FINANCIAL REPORT
Results
Distribution
Source: annual financial report 2010
Figures given in €
|
DISTRIBUTION BASE |
APPLICATION A |
||
|
Profit and Loss Account Balance |
367.073.000,00 |
Legal Reserve |
0,00 |
|
Carry over |
0,00 |
Goodwill reserve |
0,00 |
|
Voluntary reserves |
0,00 |
Special reserves |
0,00 |
|
Other reserves disposable at will |
0,00 |
Voluntary reserves |
328.124.000,00 |
|
Total of Amounts to be distributed |
367.073.000,00 |
Dividends |
38.949.000,00 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
367.073.000,00 |
Auditing
Source: filing of annual financial statement 2010
Auditors’ opinion: FAVOURABLE
Auditor: DELOITTE S.L.
Auditing fees: 702.200,00 €
Facts subsequent
to the closing
Source: Annual financial report 2010
Como hecho de mayor relevancia ocurrido después del cierre del
ejercicio, destaca la inauguración en El Ejido (Almena), el día 28 de mayo de
2010, de un Centro Comercial
ADDRESSES
Current Legal Seat Address:
CALLE HERMOSILLA, 112
28009 MADRID
Previous Seat Address:
CALLE PRECIADOS 3
28013 MADRID
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE EDUARDO DATO, 22 |
01005 |
VITORIA-GASTEIZ |
Álava |
|
CALLE LA PAZ, 2 |
01004 |
VITORIA-GASTEIZ |
Álava |
|
CALLE ZARAMAGA, 1 |
01013 |
VITORIA-GASTEIZ |
Álava |
|
PLAZA ALTOZANO, 6 |
02001 |
ALBACETE |
Albacete |
|
CALLE CABA (4 6), 2 |
02001 |
ALBACETE |
Albacete |
|
CL HELLIN. C/V A AV. DE ESPAŃA S/N |
02002 |
ALBACETE |
Albacete |
|
CALLE HELLIN |
|
ALBACETE |
Albacete |
|
CALLE IRIS, 8 |
02005 |
ALBACETE |
Albacete |
|
CALLE MARTIRES, 5 |
02630 |
LA RODA |
Albacete |
|
CALLE TESIFONTE GALLEGO, 1 |
02002 |
ALBACETE |
Albacete |
There are 655 branches registered
CORPORATE STRUCTURE
ADMINISTRATIVE
LINKS
|
|
|
|
|
|
Distribution of the administration board |
|
|
Governing body : 20 members (latest change:
16/11/2010) Other Positions : 219 (latest change: 03/05/2011) Auditor : 1 (latest change: 10/11/2010) Operative Board Members : 4 (latest change: 30/08/2010) Non-current positions : 84 (latest change: 03/05/2011) |
|
|
Main Board
members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
PRESIDENT |
ALVAREZ ALVAREZ, ISIDORO |
16/10/2008 |
|
VICE-PRESIDENT |
CORPORACION CESLAR SL |
25/08/2002 |
|
MANAGING DIRECTOR |
CARTERA MANCOR S.L REP GARCIA PENA PALOMA |
16/10/2008 |
|
MANAGING DIRECTOR |
DE MINGO CONTRERAS, JUAN MANUEL |
16/10/2008 |
|
MANAGING DIRECTOR |
HERMOSO ARMADA, JUAN |
16/10/2008 |
|
MANAGING DIRECTOR |
LASAGA MUNARRIZ, FLORENCIO |
16/10/2008 |
|
MANAGING DIRECTOR |
MARTINEZ ECHAVARRIA, ANSELMO CARLOS |
16/10/2008 |
|
MEMBER OF THE BOARD |
CARTERA MANCOR SL REP GARCIA PENA PALOMA |
29/08/2010 |
|
MEMBER OF THE BOARD |
DEL NOGAL ROPERO, LEOPOLDO |
29/08/2010 |
|
|
|
|
Auditor
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
AUDITOR |
DELOITTE SL |
10/11/2010 |
There are 240 board members, directors and auditors registered
Board members remuneration
Source: Annual
financial report 2010
Board
members remuneration: 12.673.000,00 €
|
POSITION |
NAME AND SURNAME |
|
Financial Manager |
MARTINEZ ECHEVARRIA, CARLOS |
|
Human Resources Director |
QUINTANA, CARLOS |
|
Purchases Director |
DEL NOGAL ROPERO, LEOPOLDO |
|
Advertising Director |
AGUADO, JAVIER |
FINANCIAL LINKS
|
|
BUSINESS NAME |
CIF / COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
ALVAREZ ALVAREZ ISIDORO |
|
15,00 |
ANNUAL REP. |
01/03/1994 |
|
|
INGONDEL S.L. |
B80702079 |
9,00 |
LA GACETA |
13/05/2008 |
|
|
HERMANOS LUIS Y CELESTINO ARECES |
|
8,00 |
ANNUAL REP. |
01/03/1994 |
|
|
EL CORTE INGLES S.A. |
A28017895 |
3,61 |
TRADE REG. |
28/02/2010 |
|
|
EMPLEADOS EL CORTE INGLES |
|
2,00 |
ANNUAL REP. |
01/03/1994 |
|
|
ARECES FUENTES ROSARIO |
|
0,71 |
TRADE REG. |
29/02/2008 |
|
|
ARECES FUENTES RAMON |
|
0,71 |
TRADE REG. |
29/02/2008 |
|
|
ARECES FUENTES CESAR CARLOS |
|
0,71 |
TRADE REG. |
29/02/2008 |
|
|
ARECES FUENTES MARIA JESUS |
|
0,71 |
TRADE REG. |
29/02/2008 |
|
|
MARTINEZ INIGUEZ MIGUEL |
|
Indef. |
SIMPLE REPORTS |
16/09/1999 |
There are 15 direct financial links through shareholders
registered
Company with rating inferior to 7
|
|
BUSINESS NAME |
CIF / COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
PATRIMONIAL TRUST SL (EXTINGUIDA) |
B80095458 |
Indef. |
TRADE REG. |
27/02/2004 |
|
|
GONZALEZ FERNANDEZ DAVID |
|
Indef. |
LA GACETA |
01/09/2003 |
Company with rating inferior to 7
|
|
BUSINESS NAME |
CIF / COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
SEGUROS EL CORTE INGLES VIDA PENSIONES Y REASEGUROS SA |
A79346839 |
100,00 |
TRADE REG. |
28/02/2010 |
|
|
INFORMATICA EL CORTE INGLES SA |
A28855260 |
100,00 |
OWN SOURCES |
13/04/2011 |
|
|
THE HARRIS COMPANY INC |
UNITED STATES |
100,00 |
TRADE REG. |
28/02/2010 |
|
|
CONSTRUCCION PROMOCIONES E INSTALACIONES S.A. |
A28436483 |
100,00 |
TRADE REG. |
28/02/2010 |
|
|
HIPERCOR SA |
A28642866 |
100,00 |
OWN SOURCES |
29/07/2010 |
|
|
TIENDAS DE CONVENIENCIA SA |
A78476389 |
100,00 |
OWN SOURCES |
07/02/2011 |
|
|
EDITORIAL CENTRO DE ESTUDIOS RAMON ARECES, S.A. |
A78858560 |
100,00 |
OWN SOURCES |
24/02/2011 |
|
|
URIA VEINTE SA |
A78216603 |
100,00 |
B.O.R.M.E. |
10/05/2011 |
|
|
INGONDEL S.L. |
B80702079 |
100,00 |
TRADE REG. |
28/02/2010 |
|
|
RUBINOS 1860 SA |
A79817649 |
100,00 |
B.O.R.M.E. |
12/02/2003 |
There are 46 direct financial links through participations
registered
You can obtain business information of foreign companies at the
page D&B INTERNATIONAL
Company with rating inferior to 7
|
|
BUSINESS NAME |
SHAREHOLDER |
CIF / COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
INFORMATICA EL CORTE INGLES DOMINICANA S.A. |
INFORMATICA EL CORTE INGLES SA |
DOMINICAN REPUBLIC |
100,00 |
TRADE REG. |
28/02/2010 |
You can obtain business information of foreign companies at the
page D&B INTERNATIONAL
|
|
BUSINESS NAME |
CIF / COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
DEMISO SA (EXTINGUIDA) |
A28556801 |
100,00 |
BORME II |
05/12/2000 |
|
|
CADENACOR S.A. (EXTINGUIDA) |
A83064295 |
100,00 |
EL MUNDO DEL SIGLO VEINTIUNO |
23/11/2010 |
|
|
REINETA SA (EXTINGUIDA) |
A08196255 |
100,00 |
B.O.R.M.E. |
28/11/2000 |
Company with rating inferior to 7
POTENTIAL LINKS
Search Criterion: ”EL CORTE INGLES”
|
COMPANY FOUND |
PROVINCE |
|
EL CORTE INGLES S.A. |
MADRID |
|
INFORMATICA EL CORTE INGLES SA |
MADRID |
|
VIAJES EL CORTE INGLES SA |
MADRID |
|
SEGUROS EL CORTE INGLES VIDA PENSIONES Y REASEGUROS SA |
MADRID |
|
FINANCIERA EL CORTE INGLES, E.F.C., S A |
MADRID |
Search Criterion: ”EL CORTE INGLES”
URL: www.elcorteingles.es
El Corte Inglés: Electrónica, informática, hogar, supermercado ... El Corte
Inglés. Comprar electrónica, informática, hogar, supermercado, moda, deportes,
viajes, libros, música, películas, entradas, juguetes.
URL: www.viajeselcorteingles.es
VIAJES EL CORTE INGLÉS Hoteles, vuelos, tren, vacaciones, ofertas ... Viajes,
hoteles, vuelos, vacaciones, billetes de tren y avión. Las mejores ofertas de
viajes y vacaciones con la garantía de la agencia de viajes líder en ...
URL: es.wikipedia.org
El Corte Inglés - Wikipedia, la enciclopedia libre El grupo El
Corte Inglés es el primer grupo de distribución de Espańa y el número 40 del
mundo por volumen de ventas y está compuesto por empresas de ...
BUSINESS INFORMATION
Incorporation date: 02/01/1952
Establishment date: 01/01/1940
Founder’s Name: RAMON ARECES Y CESAR RODRIGUEZ
Activity: Retail sale of industrial products (except
foodstuff)
NACE 2009 CODE: 4719
NACE 2009 Activity: Otro comercio al por menor en
establecimientos no especializados
Business: LA REALIZACION DE LAS ACTIVIDADES PROPIAS DEL
COMERCIO INTEGRADO EN GRANDES SUPERFICIES, ABARCANDO LA COMERCIALIZACION DE
TODA CLASE DE PRODUCTOS DE CONSUMO EN SU MAS AMPLIA VARIEDAD, MOBILIARIO,
ARTICULOS DE REGALO, ECT
Environmental information: YES (Page 120 -
124) Annual financial report 2010
Latest employees figure: 61.507 (2010)
% of fixed employees: 93,69%
% of temporary employees: 6,31%
% of men: 37,46%
% of women: 62,54%
Employees
evolution
|
|
|
|
Source: Annual financial report 2010
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
|
23.658 |
39.492 |
COMMERCIAL OPERATIONS
PURCHASES
Import Percentage: 7%
Imports from: UNION EUROPEA Y OTROS PAISES
National Distribution: 93%
SUPPLIERS
|
BUSINESS NAME |
INTERNATIONAL |
|
BRICOR SA |
NO |
|
ASON
INMOBILIARIA DE ARRIENDOS SL |
NO |
|
SEPHORA
COSMETICOS ESPAŃA SL |
NO |
|
OPTICA 2000 SL |
NO |
|
PUBLIECI
TELEVISION SA |
NO |
|
EL CORTE INGLES
GRANDES ARMAZENS SA |
YES |
|
CANAL CLUB DE
DISTRIBUCION DE OCIO Y CULTURA SA |
NO |
|
SUPERCOR SA |
NO |
|
GESTION DE
PUNTOS DE VENTA GESPEVESA SA |
NO |
|
CENTRO DE SEGUROS
Y SERVICIOS CORREDURIA DE SEGUROS SA GRUPO DE SEGUROS EL CORTE INGLES |
NO |
There are 23 Suppliers
CLIENTS
|
BUSINESS NAME |
INTERNATIONAL |
|
EL CORTE
INGLES-GRANDES ARMAZENS SA |
NO |
|
EL CORTE INGLES
SA |
NO |
|
SUPERCOR SA |
NO |
|
PARINVER SA |
NO |
|
INFORMATICA EL
CORTE INGLES SA |
NO |
|
SEPHORA
COSMETICOS ESPAŃA SL |
NO |
|
SFERA JOVEN SA |
NO |
|
PUBLICIDAD PUNTO
DE VENTA ECI SA |
NO |
|
TIENDAS DE
CONVENIENCIA SA |
NO |
|
GESTION DE
PUNTOS DE VENTA GESPEVESA SA |
NO |
There are 20 Clients
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
FINANCIERA EL CORTE INGLES E.F.C., S.A. |
|
|
|
|
|
BANCO SANTANDER, S.A. |
|
|
|
|
|
MPCA RONDA,CADIZ,ALMERIA, MALAGA, ANTEQUERA Y JAEN |
|
|
|
|
|
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. |
|
|
|
|
There are 4 bank entities registered
Discount facilities: 1
Credit policy: 1
Mortgage loan: 0
Loans with no real security: 0
|
|
|
|
Debt type: Discount
facilities |
Granted limit:17.962.000,00 € Used limit:4.407.000,00
€ Available limit:13.555.000,00
€ Source: Filed
Accounts (2010) |
|
|
|
|
Debt type: Credit policy |
Granted limit:2.310.439.000,00 € Used limit:882.778.000,00
€ Available limit:1.427.661.000,00
€ Source: Filed
Accounts (2010) |
|
|
|
There are 2 bank operations registered
Figures given in €
|
ENTITY |
ASSERTS INVOLVED IN THE ACTIVITY |
UP TO 1 YEAR |
FROM 1 TO 5 YEARS |
MORE THAN 5 YEARS |
|
|
Terrenos, construcciones y equipos para procesos de información |
8.948.000,00 |
39.358.000,00 |
4.772.000,00 |
There are 1 leasing operations registered
FORMER NAMES:
•
EL CORTE INGLES SL
Brand name: SPECIAL LINE (Valid)
Type: GRAPHICAL Scope: COMMUNITARY
Date: 29/03/2011
Brand name: PRIMERITI (Valid)
Type: DENOMINATIVE Scope: NATIONAL
Date: 22/03/2011
Brand name: AM ALBAMONTE (Valid)
Type: GRAPHICAL Scope: COMMUNITARY
Date: 09/03/2011
Brand name: ALBAMONTE (Valid)
Type: DENOMINATIVE Scope: COMMUNITARY
Date: 04/03/2011
Brand name: LAZULI (Valid)
Type: GRAPHICAL Scope: COMMUNITARY
Date: 31/01/2011
There are 2.206 brands, signs and commercial names
LEGAL STRUCTURE
Constitution Data
Register Date: 02/01/1952
Legal form: Joint-stock
Company
Social Capital: 486.864.000,00 €
Paid-up capital: 486.864.000,00 €
Obligation to fill in Financial Statements: YES
Chamber census: YES (2009)
B.O.R.M.E.
(OFFICIAL COMPANIES
REGISTRY GAZETTE)
Acts on activity: 1 (Last: 03/11/1994)
Acts on administrators: 471 (Last: 13/05/2011, first:
16/02/1990)
Acts on capital: 20 (Last: 20/10/2008, first:
01/03/1991)
Acts on creation: 0
Acts on filed accounts: 39 (Last: 19/11/2010, first:
05/12/1990)
Acts on identification: 0
Acts on Information: 21 (Last: 30/07/2010, first:
12/12/1990)
Acts on proceedings: 2 (Last: 19/06/2002, first:
14/01/2002)
Latest acts in
B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
TRADE REGISTER |
|
Resignations |
13/05/2011 |
206059 |
Madrid |
|
Resignations |
13/05/2011 |
206058 |
Madrid |
|
Resignations |
13/05/2011 |
206057 |
Madrid |
|
Appointments |
13/05/2011 |
206056 |
Madrid |
|
Appointments |
13/05/2011 |
206055 |
Madrid |
|
Appointments |
13/05/2011 |
206054 |
Madrid |
|
Resignations |
24/03/2011 |
132687 |
Madrid |
|
Resignations |
24/03/2011 |
132686 |
Madrid |
Latest filed accounts
|
ACT |
DATE |
NOTICE NUM. |
TRADE REGISTER |
|
Annual Filed Accounts (2010) |
19/11/2010 |
1063745 |
Madrid |
|
Annual Filed Accounts (2010) consolidated |
19/11/2010 |
1062201 |
Madrid |
|
Annual Filed Accounts (2009) |
13/11/2009 |
848607 |
Madrid |
There are 554 acts registered
PRESS ARTICLES
Press summary by type
of information (last five years)
Legal notices: 0
Structural Data: 264 (Last: 30/04/2011, first: 05/01/2006)
Informative data: 165 (Last: 13/05/2011, first: 19/01/2006)
Financial Information: 20 (Last: 12/10/2010, first:
28/08/2006)
Negative information: 0
Business lines: 64 (Last: 27/04/2011, first: 10/01/2006)
Historical press releases: 873 (Last: 24/12/2005, first:
15/05/1993)
Latest press
article published
13/05/2011 EXPANSIÓN DE CATALUŃA - AGREEMENTS
BETWEEN COMPANIES
EL CORTE INGLES busca marcas para cubrir el hueco que dejó BURBERRY
cuando eliminó la marca THOMAS BURBERRY y cerró la mayoría de sus corners.
NAULOVER ha sido una de las elegidas para absorber parte de su clientela, y ha
lanzado la nueva línea NAU SPORT, fichando a una diseńadora de THOMAS BURBERRY.
Además de 90 puntos de venta de EL CORTE INGLES, NAULOVER se vende en más de
600 tiendas multimarca. En 2010 obtuvo una facturación de 17 millones de euros,
un 10% más. El peso de las ventas en el exterior fueron el pasado ańo de un 20%
sobre el total. La empresa vende en Portugal, Bélgica, EEUU, Canadá. Italia y
Alemania, y se plantea la apertura de una tienda en Barcelona.
30/04/2011 DIARIO DE
NAVARRA (Page 30) BRANCHES
En un plazo de 6 meses EL CORTE INGLÉS tendrá que comenzar las obras
para el nuevo SUPERCOR que tiene previsto abrir en el barrio de Iturrama, en la
calle Íńigo Arista 17, en los locales de los antiguos Cines Iturrama. Ese es el
plazo que figura en la licencia que le acaba de otorgar el Ayuntamiento de
Pamplona. Este nuevo centro será el cuarto supermercado que la firma tiene en
Pamplona y la Cuenca.
27/04/2011 EXPANSIÓN (Page 3) PRODUCTS AND
ACTIVITIES
EL CORTE INGLES lanza Gals & Guys, una nueva enseńa propia para
acercarse al público joven. En solo tres meses, ya está presente en 17 ciudades
espańolas y ha llegado a Lisboa.
Según fuentes inmobiliarias, el grupo estaría estudiando lanzar Gals
& Guys con locales propios fuera de sus centros comerciales. Por su parte,
EL CORTE INGLES niega que vaya a darse esta posibilidad por el momento.
Presentada en enero, Gals & Guys cuenta con 20 puntos de venta,
entre espacios en los centros y una tienda en Majadahonda (Madrid). Se
comercializa en Alicante, Barcelona, La Coruńa, Madrid, Málaga, Marbella,
Murcia, Pamplona, Palma de Mallorca, Santander, Vigo, Valencia y
Portugal.
27/04/2011 EXPANSION DE VALENCIA - BRANCHES
EL CORTE INGLES inició hace 2 ańos su diversificación en la actividad de
gimnasio, spa y centro de salud, con un área dedicada a ello en el centro
comercial de Callao, en Madrid. Ahora va a inaugurar su segundo recinto de este
tipo en Valencia, concretamente en el centro de Avenida de Francia. Está
previsto que las obras de reforma y acondicionamiento comiencen a lo largo del mes
de mayo y que la nueva actividad se pueda empezar a desarrollar después del
verano. Por el momento, la cía. no tiene más proyectos para centros de este
tipo.
13/04/2011 EXPANSION GALICIA - BRANCHES
Queda tan solo un día para la apertura del centro comercial más grande
de Espańa, Marineda City, en el que EL CORTE INGLÉS desembarca con sus tres
mayores formatos: un gran almacén, el segundo HIPERCOR que se instala en la
comunidad y el primer BRICOR de Galicia. Un proyecto en el que el grupo que
preside Isidro Álvarez ha invertido 150 millones, que ocupará 45.000 metros
cuadrados y en el que presentará diversas novedades que implantarán poco a poco
en los demás centros del grupo. EL CORTE INGLES creará en total 985 puestos de
trabajo.
There are 1.386 press articles registered for this company
FINANCIAL INFORMATION
The information on the last account contained in this report is extracted from the Mercantile Register file of the legal address of the Company and dated 14/12/2010.
The company has decided to reformulate the accounts of the previous
exercise under the criteria and norms established by the PGC2007, presenting
comparative financial statements.
SITUATION
BALANCE-SHEET
Assets
Figures given in thousands €
|
|
28/02/2010 (12) |
% ASSETS |
28/02/2009 (12) |
% ASSETS |
29/02/2008 (12) |
% ASSETS |
|
A) NON CURRENT ASSETS |
9.969.157,00 |
79,34 |
9.686.231,00 |
78,17 |
8.758.159,00 |
78,45 |
|
I. Intangible assets |
322.672,00 |
2,57 |
319.299,00 |
2,58 |
290.183,00 |
2,60 |
|
2. Concessions |
70.470,00 |
0,56 |
72.923,00 |
0,59 |
73.371,00 |
0,66 |
|
3. Patents, licences , trademarks and similars |
6.622,00 |
0,05 |
6.562,00 |
0,05 |
6.633,00 |
0,06 |
|
4. Goodwill |
10.688,00 |
0,09 |
10.688,00 |
0,09 |
10.688,00 |
0,10 |
|
5. Software |
234.047,00 |
1,86 |
228.197,00 |
1,84 |
198.279,00 |
1,78 |
|
7. Other intangible assets |
845,00 |
0,01 |
929,00 |
0,01 |
1.212,00 |
0,01 |
|
II. Tangible fixed assets |
6.313.708,00 |
50,25 |
6.024.545,00 |
48,62 |
5.666.406,00 |
50,75 |
|
1. Property, plant and equipment |
3.691.108,00 |
29,38 |
3.418.975,00 |
27,59 |
3.115.971,00 |
27,91 |
|
2. Technical fittings and other tangible assets |
2.458.823,00 |
19,57 |
2.393.619,00 |
19,32 |
2.259.025,00 |
20,23 |
|
3. Fixed assets in progress and advances |
163.777,00 |
1,30 |
211.951,00 |
1,71 |
291.410,00 |
2,61 |
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated and affiliated companies |
3.111.507,00 |
24,76 |
3.132.967,00 |
25,29 |
2.591.206,00 |
23,21 |
|
1. Net worth instruments |
3.103.259,00 |
24,70 |
3.127.313,00 |
25,24 |
2.588.606,00 |
23,19 |
|
2. Credits to companies |
5.000,00 |
0,04 |
5.000,00 |
0,04 |
2.600,00 |
0,02 |
|
5. Other financial assets |
3.248,00 |
0,03 |
654,00 |
0,01 |
|
|
|
V. Long Term Financial Investments |
167.785,00 |
1,34 |
134.331,00 |
1,08 |
123.328,00 |
1,10 |
|
1. Net worth instruments |
79.199,00 |
0,63 |
66.073,00 |
0,53 |
60.429,00 |
0,54 |
|
2. Credits to third parties |
77.132,00 |
0,61 |
61.237,00 |
0,49 |
53.928,00 |
0,48 |
|
4. By-products |
3.340,00 |
0,03 |
|
|
1.572,00 |
0,01 |
|
5. Other financial assets |
8.114,00 |
0,06 |
7.021,00 |
0,06 |
7.399,00 |
0,07 |
|
VI. Assets by deferred taxes |
53.485,00 |
0,43 |
75.089,00 |
0,61 |
87.036,00 |
0,78 |
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
2.596.145,00 |
20,66 |
2.704.339,00 |
21,83 |
2.406.413,00 |
21,55 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
1.686.973,00 |
13,43 |
1.860.907,00 |
15,02 |
1.780.616,00 |
15,95 |
|
1. Goods available for sale |
1.677.515,00 |
13,35 |
1.851.303,00 |
14,94 |
1.769.629,00 |
15,85 |
|
2. Raw material inventory |
9.458,00 |
0,08 |
9.604,00 |
0,08 |
10.987,00 |
0,10 |
|
III. Trade Debtors and other receivable accounts |
702.549,00 |
5,59 |
711.769,00 |
5,74 |
556.936,00 |
4,99 |
|
1. Clients |
148.419,00 |
1,18 |
203.468,00 |
1,64 |
229.767,00 |
2,06 |
|
b) Clients for sales and short term services
rendering |
148.419,00 |
1,18 |
203.468,00 |
1,64 |
229.767,00 |
2,06 |
|
2. Clients group and associated companies |
391.849,00 |
3,12 |
338.240,00 |
2,73 |
177.723,00 |
1,59 |
|
3. Other debts |
145.721,00 |
1,16 |
131.362,00 |
1,06 |
125.792,00 |
1,13 |
|
5. Assets by current taxes |
|
|
27.206,00 |
0,22 |
260,00 |
0,00 |
|
6. Other credits with the Public Administrations |
16.560,00 |
0,13 |
11.493,00 |
0,09 |
23.394,00 |
0,21 |
|
IV. Short term investments in associated and affiliated companies |
10,00 |
0,00 |
29,00 |
0,00 |
23,00 |
0,00 |
|
2. Credits to companies |
10,00 |
0,00 |
29,00 |
0,00 |
23,00 |
0,00 |
|
V. Short term financial investments |
58.754,00 |
0,47 |
3.315,00 |
0,03 |
698,00 |
0,01 |
|
4. By-products |
13.211,00 |
0,11 |
2.681,00 |
0,02 |
|
|
|
5. Other financial assets |
45.543,00 |
0,36 |
634,00 |
0,01 |
698,00 |
0,01 |
|
VI. Short term periodifications |
17.430,00 |
0,14 |
19.995,00 |
0,16 |
20.054,00 |
0,18 |
|
VII. Cash and equivalents |
130.429,00 |
1,04 |
108.324,00 |
0,87 |
48.086,00 |
0,43 |
|
1. Treasury |
130.429,00 |
1,04 |
108.324,00 |
0,87 |
48.086,00 |
0,43 |
|
TOTAL ASSETS (A + B) |
12.565.302,00 |
100,00 |
12.390.570,00 |
100,00 |
11.164.572,00 |
100,00 |
Net Worth and
Liabilities
Figures given in thousands €
|
|
28/02/2010 (12) |
% ASSETS |
28/02/2009 (12) |
% ASSETS |
29/02/2008 (12) |
% ASSETS |
|
A) NET WORTH |
5.542.303,00 |
44,11 |
5.313.003,00 |
42,88 |
5.102.562,00 |
45,70 |
|
A-1) Equity |
5.568.476,00 |
44,32 |
5.346.871,00 |
43,15 |
5.119.875,00 |
45,86 |
|
I. Capital |
486.864,00 |
3,87 |
486.864,00 |
3,93 |
473.340,00 |
4,24 |
|
1. Authorized capital |
486.864,00 |
3,87 |
486.864,00 |
3,93 |
473.340,00 |
4,24 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
4.962.010,00 |
39,49 |
4.627.364,00 |
37,35 |
4.271.991,00 |
38,26 |
|
1. Legal and statutory |
97.373,00 |
0,77 |
97.373,00 |
0,79 |
94.668,00 |
0,85 |
|
2. Other funds |
4.864.637,00 |
38,71 |
4.529.991,00 |
36,56 |
4.177.323,00 |
37,42 |
|
IV. (Net worth own shares and participations) |
-247.471,00 |
-1,97 |
-130.403,00 |
-1,05 |
-72.528,00 |
-0,65 |
|
V. Results from previous years |
|
|
|
|
|
|
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
367.073,00 |
2,92 |
363.046,00 |
2,93 |
447.072,00 |
4,00 |
|
VIII. (Interim dividend) |
|
|
|
|
|
|
|
IX. Other net worth instruments |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
-26.173,00 |
-0,21 |
-33.868,00 |
-0,27 |
-17.313,00 |
-0,16 |
|
I. Financial assets available for sale |
-13.239,00 |
-0,11 |
-22.330,00 |
-0,18 |
-18.413,00 |
-0,16 |
|
II. Coverage operations |
-12.934,00 |
-0,10 |
-11.538,00 |
-0,09 |
1.100,00 |
0,01 |
|
III. Non-current assets and related liabilities, maintained for sale |
|
|
|
|
|
|
|
IV. Conversion differences |
|
|
|
|
|
|
|
V. Other |
|
|
|
|
|
|
|
A-3) Received legacies, grants and subventions |
|
|
|
|
|
|
|
B) NON CURRENT LIABILITIES |
3.090.268,00 |
24,59 |
2.623.345,00 |
21,17 |
1.581.304,00 |
14,16 |
|
I. Long term provisions |
7.500,00 |
0,06 |
7.500,00 |
0,06 |
7.616,00 |
0,07 |
|
4. Other provisions |
7.500,00 |
0,06 |
7.500,00 |
0,06 |
7.616,00 |
0,07 |
|
II. Long term debts |
3.046.238,00 |
24,24 |
2.582.978,00 |
20,85 |
1.539.363,00 |
13,79 |
|
1. Debentures and other negotiable values |
1.186.529,00 |
9,44 |
893.461,00 |
7,21 |
859.218,00 |
7,70 |
|
2. Debts with bank entities |
1.677.811,00 |
13,35 |
1.417.606,00 |
11,44 |
510.618,00 |
4,57 |
|
3. Financial leasing creditors |
44.130,00 |
0,35 |
53.108,00 |
0,43 |
47.924,00 |
0,43 |
|
4. By-products |
41.021,00 |
0,33 |
16.482,00 |
0,13 |
|
|
|
5. Other financial liabilities |
96.747,00 |
0,77 |
202.321,00 |
1,63 |
121.603,00 |
1,09 |
|
III. Long term debts with associated and affiliated companies |
833,00 |
0,01 |
798,00 |
0,01 |
630,00 |
0,01 |
|
IV. Liabilities by deferred taxes |
35.697,00 |
0,28 |
32.069,00 |
0,26 |
33.695,00 |
0,30 |
|
V. Long term periodifications |
|
|
|
|
|
|
|
VI. Non current trade creditors |
|
|
|
|
|
|
|
VII. Long term debts with special characteristics |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
3.932.731,00 |
31,30 |
4.454.222,00 |
35,95 |
4.480.706,00 |
40,13 |
|
I. Liabilities related with non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
2.351,00 |
0,02 |
2.228,00 |
0,02 |
2.453,00 |
0,02 |
|
III. Short term debts |
1.296.177,00 |
10,32 |
1.731.616,00 |
13,98 |
905.006,00 |
8,11 |
|
2. Debts with bank entities |
893.277,00 |
7,11 |
1.263.796,00 |
10,20 |
308.244,00 |
2,76 |
|
3. Financial leasing creditors |
8.948,00 |
0,07 |
8.641,00 |
0,07 |
9.125,00 |
0,08 |
|
4. By-products |
16,00 |
0,00 |
|
|
1.014,00 |
0,01 |
|
5. Other financial liabilities |
393.936,00 |
3,14 |
459.179,00 |
3,71 |
586.623,00 |
5,25 |
|
IV. Short term debts with associated and affiliated companies |
453.564,00 |
3,61 |
520.013,00 |
4,20 |
1.016.327,00 |
9,10 |
|
V. Trade creditors and other payable accounts |
2.179.789,00 |
17,35 |
2.199.798,00 |
17,75 |
2.556.155,00 |
22,90 |
|
1. Suppliers |
1.710.499,00 |
13,61 |
1.710.454,00 |
13,80 |
2.001.209,00 |
17,92 |
|
b) Short term suppliers |
1.710.499,00 |
13,61 |
1.710.454,00 |
13,80 |
2.001.209,00 |
17,92 |
|
2. Suppliers group and associated companies |
19.212,00 |
0,15 |
19.609,00 |
0,16 |
11.401,00 |
0,10 |
|
3. Different creditors |
39.308,00 |
0,31 |
23.283,00 |
0,19 |
25.107,00 |
0,22 |
|
4. Staff (pending remunerations) |
310.464,00 |
2,47 |
370.879,00 |
2,99 |
419.445,00 |
3,76 |
|
5. Liabilities by current taxes |
20.580,00 |
0,16 |
|
|
|
|
|
6. Other debts with Public Administrations |
68.635,00 |
0,55 |
62.463,00 |
0,50 |
74.863,00 |
0,67 |
|
7. Clients pre-payments |
11.091,00 |
0,09 |
13.110,00 |
0,11 |
24.130,00 |
0,22 |
|
VI. Short term periodifications |
850,00 |
0,01 |
567,00 |
0,00 |
765,00 |
0,01 |
|
VII. Short term debts with special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
12.565.302,00 |
100,00 |
12.390.570,00 |
100,00 |
11.164.572,00 |
100,00 |
PROFIT AND LOSS
ACCOUNT
Figures given in thousands €
|
|
28/02/2010 (12) |
%OPERATING INCOME |
28/02/2009 (12) |
%OPERATING INCOME |
29/02/2008 (12) |
%OPERATING INCOME |
|
A) CONTINUED OPERATIONS |
|
|
|
|
|
|
|
1. Net Turnover |
11.201.939,00 |
95,60 |
11.555.893,00 |
95,48 |
12.224.277,00 |
95,56 |
|
A) Sales |
10.836.674,00 |
92,49 |
11.265.856,00 |
93,09 |
11.946.102,00 |
93,39 |
|
b) Services provided |
365.265,00 |
3,12 |
290.037,00 |
2,40 |
278.175,00 |
2,17 |
|
2. Variation in stocks of finished goods and work in progress |
|
|
|
|
|
|
|
3. Works for its own assets |
129.391,00 |
1,10 |
144.742,00 |
1,20 |
153.632,00 |
1,20 |
|
4. Supplies |
-8.106.169,00 |
-69,18 |
-8.416.286,00 |
-69,54 |
-8.921.165,00 |
-69,74 |
|
a) Material consumed |
-8.052.622,00 |
-68,72 |
-8.362.615,00 |
-69,10 |
-8.860.379,00 |
-69,26 |
|
c) Works carried out for other companies |
-49.255,00 |
-0,42 |
-56.101,00 |
-0,46 |
-60.114,00 |
-0,47 |
|
d) Deterioration on merchandises, raw materials and other supplies |
-4.292,00 |
-0,04 |
2.430,00 |
0,02 |
-672,00 |
-0,01 |
|
5. Other operating income |
385.887,00 |
3,29 |
401.733,00 |
3,32 |
414.297,00 |
3,24 |
|
a) Other incomes |
378.835,00 |
3,23 |
396.485,00 |
3,28 |
406.906,00 |
3,18 |
|
b) Operating grants included in the exercise result |
7.052,00 |
0,06 |
5.248,00 |
0,04 |
7.391,00 |
0,06 |
|
6. Labour cost |
-1.821.254,00 |
-15,54 |
-1.874.644,00 |
-15,49 |
-1.924.577,00 |
-15,04 |
|
a) Wages and similar expenses |
-1.419.853,00 |
-12,12 |
-1.464.107,00 |
-12,10 |
-1.504.848,00 |
-11,76 |
|
b) Social costs |
-401.401,00 |
-3,43 |
-410.537,00 |
-3,39 |
-419.729,00 |
-3,28 |
|
7. Other operating costs |
-1.080.455,00 |
-9,22 |
-1.095.213,00 |
-9,05 |
-1.132.071,00 |
-8,85 |
|
a) External services |
-917.616,00 |
-7,83 |
-931.413,00 |
-7,70 |
-963.231,00 |
-7,53 |
|
b) Taxes |
-52.609,00 |
-0,45 |
-48.272,00 |
-0,40 |
-43.261,00 |
-0,34 |
|
c) Losses, deterioration and variation on business operations
provisions |
-6.373,00 |
-0,05 |
-2.071,00 |
-0,02 |
3.755,00 |
0,03 |
|
d) Other day to day expenses |
-103.857,00 |
-0,89 |
-113.457,00 |
-0,94 |
-129.334,00 |
-1,01 |
|
8. Amortization of fixed assets |
-346.446,00 |
-2,96 |
-324.503,00 |
-2,68 |
-323.984,00 |
-2,53 |
|
9. Allocation of subventions on non financial investments and other |
|
|
|
|
|
|
|
10. Provisions excess |
95,00 |
0,00 |
23,00 |
0,00 |
23,00 |
0,00 |
|
11. Deterioration and result for fixed assets disposal |
1.911,00 |
0,02 |
2.598,00 |
0,02 |
34.289,00 |
0,27 |
|
b) Results for disposals and others |
1.911,00 |
0,02 |
2.598,00 |
0,02 |
34.289,00 |
0,27 |
|
12. Negative difference of business combinations |
|
|
|
|
|
|
|
13. Other results |
|
|
|
|
|
|
|
A.1) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 +
12 + 13) |
364.899,00 |
3,11 |
394.343,00 |
3,26 |
524.721,00 |
4,10 |
|
14. Financial income |
307.551,00 |
2,62 |
243.291,00 |
2,01 |
160.365,00 |
1,25 |
|
a) From net worth instruments participations |
304.522,00 |
2,60 |
240.344,00 |
1,99 |
156.843,00 |
1,23 |
|
a 1) On group and associated companies |
304.481,00 |
2,60 |
234.767,00 |
1,94 |
155.795,00 |
1,22 |
|
a 2) On third parties |
41,00 |
0,00 |
5.577,00 |
0,05 |
1.048,00 |
0,01 |
|
b) From negotiable values and other financial instruments |
3.029,00 |
0,03 |
2.947,00 |
0,02 |
3.522,00 |
0,03 |
|
b 1) From group and associated companies |
745,00 |
0,01 |
409,00 |
0,00 |
253,00 |
0,00 |
|
b 2) From third parties |
2.284,00 |
0,02 |
2.538,00 |
0,02 |
3.269,00 |
0,03 |
|
15. Financial expenses |
-173.618,00 |
-1,48 |
-177.049,00 |
-1,46 |
-139.264,00 |
-1,09 |
|
a) For debts with associated and affiliated companies |
-21.702,00 |
-0,19 |
-27.243,00 |
-0,23 |
-28.908,00 |
-0,23 |
|
b) For debts with third parties |
-151.916,00 |
-1,30 |
-149.806,00 |
-1,24 |
-110.356,00 |
-0,86 |
|
16. Reasonable value variation on financial instruments |
-10.424,00 |
-0,09 |
3.695,00 |
0,03 |
-1.014,00 |
-0,01 |
|
a) Negotiation portfolio and others |
-10.424,00 |
-0,09 |
3.695,00 |
0,03 |
-1.014,00 |
-0,01 |
|
17. Exchange differences |
1.176,00 |
0,01 |
640,00 |
0,01 |
-3,00 |
0,00 |
|
18. Deterioration and result for disposal of financial instruments |
-101.553,00 |
-0,87 |
-53.033,00 |
-0,44 |
-6.113,00 |
-0,05 |
|
a) Deteriorations and losses |
-101.553,00 |
-0,87 |
-52.887,00 |
-0,44 |
-6.113,00 |
-0,05 |
|
b) Results for disposals and others |
|
|
-146,00 |
0,00 |
|
|
|
19. Other financial income and expenses |
|
|
|
|
|
|
|
A.2) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
23.132,00 |
0,20 |
17.544,00 |
0,14 |
13.971,00 |
0,11 |
|
A.3) RESULT BEFORE TAXES (A.1 + A.2) |
388.031,00 |
3,31 |
411.887,00 |
3,40 |
538.692,00 |
4,21 |
|
20. Taxes on profits |
-20.958,00 |
-0,18 |
-48.841,00 |
-0,40 |
-91.620,00 |
-0,72 |
|
A.4) EXERCISE RESULT COMING FROM CONTINUED OPERATIONS (A.3 + 20) |
367.073,00 |
3,13 |
363.046,00 |
3,00 |
447.072,00 |
3,49 |
|
B) DISCONTINUED OPERATIONS |
|
|
|
|
|
|
|
21. Net of taxes exercise result coming from discontinued operations |
|
|
|
|
|
|
|
A.5) EXERCISE RESULT (A.4 + 21) |
367.073,00 |
3,13 |
363.046,00 |
3,00 |
447.072,00 |
3,49 |
NET WORTH CHANGES STATUS
Status of
recognized income and expenses
Figures given in thousands €
|
NET WORTH CHANGES (1/3) |
28/02/2010 (12) |
28/02/2009 (12) |
29/02/2008 (12) |
|
A) PROFIT AND LOSS ACCOUNT RESULT |
367.073,00 |
363.046,00 |
447.072,00 |
|
INCOME AND EXPENSES ALLOCATED DIRECTLY TO NET WORTH |
|
|
|
|
I. For valuation of financial instruments |
12.987,00 |
-5.595,00 |
-26.305,00 |
|
1. Financial assets available for sale |
12.987,00 |
-5.595,00 |
-26.305,00 |
|
II. Cash flow coverage |
-8.669,00 |
-18.055,00 |
1.572,00 |
|
III. Received legacies, grants and subventions |
|
|
|
|
IV. For actuarial profits and losses and other adjustments |
|
|
|
|
V. Non-current assets and related liabilities, maintained for sale |
|
|
|
|
VI. Conversion differences |
|
|
|
|
VII. Tax effect |
-1.295,00 |
7.095,00 |
7.420,00 |
|
B) TOTAL INCOME AND EXPENSES ALLOCATED DIRECTLY TO NET WORTH (I + II +
III + IV +V+VI+VII) |
3.023,00 |
-16.555,00 |
-17.313,00 |
|
PROFIT AND LOSS ACCOUNT TRANSFERS |
|
|
|
|
VIII. For valuation of financial instruments |
|
|
|
|
IX. Cash flow coverage |
6.675,00 |
|
|
|
X. Received legacies, grants and subventions |
|
|
|
|
XI. Non-current assets and related liabilities, maintained for sale |
|
|
|
|
XII. Conversion differences |
|
|
|
|
XIII. Tax effect |
-2.003,00 |
|
|
|
C) TOTAL TRANSFERS TO THE PROFIT AND LOSS ACCOUNT (VIII + IX + X + XI+
XII+ XIII) |
4.672,00 |
|
|
|
TOTAL INCOME AND EXPENSES RECOGNIZED (A + B + C) |
374.768,00 |
346.491,00 |
429.759,00 |
Total net worth
changes status
Figures given in thousands €
|
NET WORTH CHANGES ( 2 /3) |
AUTHORIZED CAPITAL |
RESERVES |
(NET WORTH OWN SHARES AND PARTICIPATIONS) |
EXERCISE RESULT |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
459.816,00 |
3.917.258,00 |
-72.546,00 |
457.710,00 |
|
I. Adjustments by change of criteria in the exercise (2007) |
|
|
|
|
|
II. Adjustments by errors in the exercise (2007) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2008) |
459.816,00 |
3.917.258,00 |
-72.546,00 |
457.710,00 |
|
I. Total recognized income and expenses |
|
|
|
447.072,00 |
|
II. Operations with partners or owners |
13.524,00 |
-13.533,00 |
18,00 |
|
|
1. Capital Increases |
13.524,00 |
|
|
|
|
2. (-) Capital reductions |
|
-13.533,00 |
|
|
|
5. Operations with own participations or shares (net) |
|
|
18,00 |
|
|
III. Other net worth variations |
|
368.266,00 |
|
-457.710,00 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
473.340,00 |
4.271.991,00 |
-72.528,00 |
447.072,00 |
|
I. Adjustments by change of criteria in the exercise (2008) |
|
|
|
|
|
II. Adjustments by errors in the exercise (2008) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2009) |
473.340,00 |
4.271.991,00 |
-72.528,00 |
447.072,00 |
|
I. Total recognized income and expenses |
|
|
|
363.046,00 |
|
II. Operations with partners or owners |
13.524,00 |
355.373,00 |
-57.875,00 |
-447.072,00 |
|
1. Capital Increases |
13.524,00 |
|
|
|
|
2. (-) Capital reductions |
|
-13.530,00 |
|
|
|
4. (-) Dividends distribution |
|
|
|
-78.169,00 |
|
5. Operations with own participations or shares (net) |
|
|
-57.875,00 |
|
|
7. Other operations with partners or owners |
|
368.903,00 |
|
-368.903,00 |
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
486.864,00 |
4.627.364,00 |
-130.403,00 |
363.046,00 |
|
I. Adjustments by change of criteria in the exercise (2009) |
|
|
|
|
|
II. Adjustments by errors in the exercise (2009) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2010) |
486.864,00 |
4.627.364,00 |
-130.403,00 |
363.046,00 |
|
I. Total recognized income and expenses |
|
|
|
367.073,00 |
|
II. Operations with partners or owners |
|
334.646,00 |
-117.068,00 |
-363.046,00 |
|
4. (-) Dividends distribution |
|
|
|
-28.400,00 |
|
5. Operations with own participations or shares (net) |
|
|
-117.068,00 |
|
|
7. Other operations with partners or owners |
|
334.646,00 |
|
-334.646,00 |
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
486.864,00 |
4.962.010,00 |
-247.471,00 |
367.073,00 |
|
NET WORTH CHANGES ( 3 /3) |
VALUE CHANGES ADJUSTMENT |
TOTAL |
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2007) |
|
4.762.238,00 |
|
|
|
I. Adjustments by change of criteria in the exercise (2007) |
|
|
|
|
|
II. Adjustments by errors in the exercise (2007) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2008) |
|
4.762.238,00 |
|
|
|
I. Total recognized income and expenses |
-17.313,00 |
429.759,00 |
|
|
|
II. Operations with partners or owners |
|
9,00 |
|
|
|
1. Capital Increases |
|
13.524,00 |
|
|
|
2. (-) Capital reductions |
|
-13.533,00 |
|
|
|
5. Operations with own participations or shares (net) |
|
18,00 |
|
|
|
III. Other net worth variations |
|
-89.444,00 |
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2008) |
-17.313,00 |
5.102.562,00 |
|
|
|
I. Adjustments by change of criteria in the exercise (2008) |
|
|
|
|
|
II. Adjustments by errors in the exercise (2008) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2009) |
-17.313,00 |
5.102.562,00 |
|
|
|
I. Total recognized income and expenses |
-16.555,00 |
346.491,00 |
|
|
|
II. Operations with partners or owners |
|
-136.050,00 |
|
|
|
1. Capital Increases |
|
13.524,00 |
|
|
|
2. (-) Capital reductions |
|
-13.530,00 |
|
|
|
4. (-) Dividends distribution |
|
-78.169,00 |
|
|
|
5. Operations with own participations or shares (net) |
|
-57.875,00 |
|
|
|
7. Other operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
-33.868,00 |
5.313.003,00 |
|
|
|
I. Adjustments by change of criteria in the exercise (2009) |
|
|
|
|
|
II. Adjustments by errors in the exercise (2009) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2010) |
-33.868,00 |
5.313.003,00 |
|
|
|
I. Total recognized income and expenses |
7.695,00 |
374.768,00 |
|
|
|
II. Operations with partners or owners |
|
-145.468,00 |
|
|
|
4. (-) Dividends distribution |
|
-28.400,00 |
|
|
|
5. Operations with own participations or shares (net) |
|
-117.068,00 |
|
|
|
7. Other operations with partners or owners |
|
|
|
|
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
-26.173,00 |
5.542.303,00 |
|
|
CASH FLOW STATUS
Figures given in thousands €
|
|
28/02/2010 (12) |
28/02/2009 (12) |
29/02/2008 (12) |
|
A) CASH FLOW COMING FROM OPERATING ACTIVITIES |
|
|
|
|
1. exercise result before taxes |
388.031,00 |
411.887,00 |
538.692,00 |
|
2. Results adjustments |
316.866,00 |
305.547,00 |
252.236,00 |
|
a) Amortization of fixed assets (+) |
346.446,00 |
324.503,00 |
323.985,00 |
|
b) Value correction for deterioration (+/-) |
101.553,00 |
52.887,00 |
6.113,00 |
|
c) Change of Provisions (+/-) |
|
-116,00 |
-22.500,00 |
|
e) Results for decline and disposal of fixed assets (+/-) |
-1.911,00 |
-2.598,00 |
-34.289,00 |
|
f) Results for decline and disposal of financial instruments (+/-) |
|
146,00 |
|
|
g) Financial income (-) |
-307.551,00 |
-243.291,00 |
-160.365,00 |
|
f) Financial expenses (+) |
173.618,00 |
177.049,00 |
139.264,00 |
|
i) Change difference (+/-) |
-1.176,00 |
640,00 |
-3,00 |
|
j) Reasonable value variation on financial instruments (+/-) |
5.887,00 |
-3.695,00 |
|
|
k) Other income and expenses (-/+) |
|
22,00 |
31,00 |
|
3. Changes in current capital |
108.794,00 |
-601.802,00 |
94.624,00 |
|
a) Stocks (+/-) |
173.934,00 |
-80.292,00 |
43.528,00 |
|
b) Debtors and other receivable accounts (+/-) |
9.220,00 |
-154.832,00 |
319.034,00 |
|
c) Other current assets (+/-) |
-64.837,00 |
116,00 |
-1.677,00 |
|
d) Creditors and other payable accounts (+/-) |
-20.009,00 |
-384.012,00 |
-253.072,00 |
|
e) Other current liabilities (+/-) |
283,00 |
-199,00 |
-241,00 |
|
f) Other non-current assets and liabilities (+/-) |
10.203,00 |
17.417,00 |
-12.948,00 |
|
4. Other cash flow coming from operating activities |
124.706,00 |
44.417,00 |
-106.292,00 |
|
a) Interests payments (-) |
-173.618,00 |
-177.049,00 |
-139.264,00 |
|
b) Dividends collections (+) |
304.522,00 |
240.344,00 |
155.796,00 |
|
c) Interests collections (+) |
3.029,00 |
2.947,00 |
4.569,00 |
|
d) Collections (payments) for profit tax (+/-) |
-9.227,00 |
-21.825,00 |
-127.393,00 |
|
5. Cash flow coming from operating activities (1 + 2 + 3 + 4) |
938.397,00 |
160.049,00 |
779.260,00 |
|
B) CASH FLOW COMING FROM INVESTING ACTIVITIES |
|
|
|
|
6. Investment payments (-) |
-827.719,00 |
-1.718.426,00 |
-1.925.406,00 |
|
a) Group and associated companies |
-80.093,00 |
-644.531,00 |
-533.651,00 |
|
b) Intangible assets |
-58.241,00 |
-74.950,00 |
-58.601,00 |
|
c) Tangible assets |
-654.716,00 |
-959.447,00 |
-1.311.031,00 |
|
e) Other financial assets |
-34.669,00 |
-39.498,00 |
|
|
f) Non-current assets maintained for sale |
|
|
-22.123,00 |
|
7. Disinvestment collections (+) |
28.185,00 |
81.796,00 |
59.332,00 |
|
a) Group and associated companies |
|
51.137,00 |
2.000,00 |
|
b) Intangible assets |
6.302,00 |
472,00 |
2.552,00 |
|
c) Tangible assets |
4.341,00 |
10.256,00 |
40.510,00 |
|
e) Other financial assets |
17.542,00 |
19.931,00 |
14.270,00 |
|
8. Cash Flow in investment activities (6 + 7) |
-799.534,00 |
-1.636.630,00 |
-1.866.074,00 |
|
C) CASH FLOW COMING FROM FINANCING ACTIVITIES |
|
|
|
|
9. Net worth instruments collections and payments |
-117.068,00 |
-57.875,00 |
-18,00 |
|
c) Own net worth instruments acquisition (-) |
-117.068,00 |
-57.875,00 |
-18,00 |
|
10. Financial liabilities instruments collections and payments |
27.534,00 |
1.672.863,00 |
1.143.979,00 |
|
a) Issue |
553.615,00 |
2.170.901,00 |
1.440.997,00 |
|
1. Debentures and other negotiable values (+) |
293.068,00 |
34.243,00 |
13.112,00 |
|
2. Debts with bank entities (+) |
260.512,00 |
1.867.724,00 |
181.444,00 |
|
3. Debts with group and associated companies (+) |
35,00 |
168,00 |
175.184,00 |
|
5. Other debts (+) |
|
268.766,00 |
1.071.257,00 |
|
b) Return and amortization of |
-526.081,00 |
-498.038,00 |
-297.018,00 |
|
2. Debts with bank entities (-) |
-379.497,00 |
-484,00 |
-214.781,00 |
|
3. Debts with group and associated companies (-) |
-66.449,00 |
-496.314,00 |
|
|
4. Debts with special characteristics (-) |
|
|
-79.792,00 |
|
5. Other debts (-) |
-80.135,00 |
-1.240,00 |
-2.445,00 |
|
11. Payments for dividends and remunerations of other net worth
instruments |
-28.400,00 |
-78.169,00 |
-66.944,00 |
|
a) Dividends (-) |
-28.400,00 |
-78.169,00 |
-66.944,00 |
|
12. Cash Flow in financing activities (9 + 10 + 11) |
-117.934,00 |
1.536.819,00 |
1.077.017,00 |
|
D) Exchange rate variations effect |
1.176,00 |
|
|
|
E) NET CASH OR EQUIVALENTS INCREASE / REDUCTION (5 + 8 + 12 + D) |
22.105,00 |
60.238,00 |
-9.797,00 |
|
Cash or equivalents at the beginning of the exercise |
108.324,00 |
48.086,00 |
57.883,00 |
|
Cash or equivalents at the end of the exercise |
130.429,00 |
108.324,00 |
48.086,00 |
RATIOS
|
|
28/02/2010 (12) |
CHANGE % |
28/02/2009 (12) |
CHANGE % |
29/02/2008 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital (€) |
-1.336.586,00 |
23,62 |
-1.749.883,00 |
15,64 |
-2.074.293,00 |
|
Working capital ratio |
-0,11 |
21,43 |
-0,14 |
26,32 |
-0,19 |
|
Soundness Ratio |
0,56 |
1,82 |
0,55 |
-6,78 |
0,58 |
|
Average Collection Period (days) |
23 |
1,61 |
22 |
34,78 |
17 |
|
Average Payment Period (days) |
103 |
0,35 |
103 |
-19,44 |
128 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
66,01 |
8,73 |
60,71 |
13,03 |
53,71 |
|
Quick Ratio (%) |
4,81 |
91,63 |
2,51 |
130,28 |
1,09 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
38,18 |
-2,20 |
39,02 |
25,90 |
31,00 |
|
External Financing Average Cost |
0,04 |
0,00 |
0,04 |
0,00 |
0,04 |
|
Debt Service Coverage |
5,11 |
-83,09 |
30,21 |
580,41 |
4,44 |
|
Interest Coverage |
2,10 |
-5,83 |
2,23 |
-40,85 |
3,77 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
8,38 |
502,88 |
1,38 |
-78,21 |
6,38 |
|
Auto financing generated by Assets (%) |
7,47 |
479,07 |
1,29 |
-81,52 |
6,98 |
|
Breakdown Point |
1,03 |
0,00 |
1,04 |
-1,90 |
1,04 |
|
Average Sales Volume per Employee |
182,12 |
0,29 |
181,61 |
|
|
|
Average Cost per Employee |
29,61 |
0,51 |
29,46 |
|
|
|
Assets Turnover |
0,89 |
-4,30 |
0,93 |
-15,45 |
1,10 |
|
Inventory Turnover (days) |
75 |
-5,88 |
80 |
10,50 |
72 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
2,90 |
-8,81 |
3,18 |
-32,34 |
4,70 |
|
Operating Profitability (%) |
5,68 |
-2,41 |
5,82 |
-26,42 |
7,91 |
|
Return on Equity (ROE) (%) |
6,97 |
-9,48 |
7,70 |
-26,81 |
10,52 |
SECTORIAL ANALYSIS
Balance Sheet and
Financial Balance
Figures expressed in %
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
BALANCE SHEET ANALYSIS: % on the total
assets |
|
|
|
|
ASSETS |
|||
|
A) NON CURRENT ASSETS |
79,34 |
61,35 |
17,99 |
|
A) CURRENT ASSETS |
20,66 |
38,65 |
-17,99 |
|
LIABILITIES |
|||
|
A) NET WORTH |
44,11 |
37,18 |
6,92 |
|
B) NON CURRENT LIABILITIES |
24,59 |
16,54 |
8,05 |
|
C) CURRENT LIABILITIES |
31,30 |
46,27 |
-14,97 |
|
|
|
|
|
Analytical Account
of Results
Figures given in %
|
|
COMPANY (2010) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
95,60 |
94,23 |
1,37 |
|
Other operating income |
4,40 |
5,77 |
-1,37 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-69,18 |
-65,56 |
-3,62 |
|
Variation in stocks of finished goods and work in progress |
|
0,02 |
|
|
GROSS MARGIN |
30,82 |
34,46 |
-3,64 |
|
Other operating costs |
-9,22 |
-14,93 |
5,71 |
|
Labour cost |
-15,54 |
-12,94 |
-2,60 |
|
GROSS OPERATING RESULT |
6,05 |
6,60 |
-0,54 |
|
Amortization of fixed assets |
-2,96 |
-3,08 |
0,12 |
|
Deterioration and result for fixed assets disposal |
0,02 |
0,66 |
-0,64 |
|
Other expenses / income |
0,00 |
|
|
|
NET OPERATING RESULT |
3,11 |
4,18 |
-1,07 |
|
Financial result |
0,20 |
-1,25 |
1,45 |
|
RESULT BEFORE TAX |
3,31 |
2,93 |
0,38 |
|
Taxes on profits |
-0,18 |
-0,86 |
0,68 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
3,13 |
|
|
|
NET RESULT |
3,13 |
2,07 |
1,06 |
Main Ratios
|
|
COMPANY (2010) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
-1.336.586,00 |
-8.110,44 |
1.608,57 |
11.313,78 |
|
Working capital ratio |
-0,11 |
-0,12 |
0,08 |
0,20 |
|
Soundness Ratio |
0,56 |
0,44 |
1,14 |
2,73 |
|
Average Collection Period (days) |
23 |
9 |
27 |
59 |
|
Average Payment Period (days) |
103 |
26 |
55 |
104 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
66,01 |
0,78 |
1,13 |
1,32 |
|
Quick Ratio (%) |
4,81 |
0,04 |
0,13 |
0,38 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
38,18 |
5,65 |
27,54 |
48,09 |
|
External Financing Average Cost |
0,04 |
0,01 |
0,04 |
0,09 |
|
Debt Service Coverage |
5,11 |
0,23 |
2,21 |
6,54 |
|
Interest Coverage |
2,10 |
1,77 |
8,84 |
22,64 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
8,38 |
1,85 |
4,91 |
7,30 |
|
Auto financing generated by Assets (%) |
7,47 |
5,24 |
8,72 |
14,97 |
|
Breakdown Point |
1,03 |
1,01 |
1,02 |
1,08 |
|
Average Sales Volume per Employee |
182,12 |
123,21 |
155,38 |
354,82 |
|
Average Cost per Employee |
29,61 |
17,25 |
20,80 |
32,00 |
|
Assets Turnover |
0,89 |
1,42 |
2,06 |
2,72 |
|
Inventory Turnover (days) |
75 |
32 |
52 |
137 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
2,90 |
1,86 |
5,98 |
17,69 |
|
Operating Profitability (%) |
5,68 |
7,12 |
12,29 |
22,66 |
|
Return on Equity (ROE) (%) |
6,97 |
3,91 |
18,52 |
46,78 |
ADDITIONAL INFORMATION
Consulted Sources
Central Trade Register
Tax Administration / VIES Consultation
Tax Administration / Consultation by NIF
INTERNET
Telephone directory: PÁGINAS AMARILLAS
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.07 |
|
UK Pound |
1 |
Rs.63.57 |
|
Euro |
1 |
Rs.72.97 |
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 Business |
---- |
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.