MIRA
INFORM REPORT
|
Report Date : |
23.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
EL CORTE INGLES SA |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
28.02.2011 |
|
|
|
|
Date of Incorporation : |
02.01.1952 |
|
|
|
|
Legal Form : |
Joint-STOCK COMPANY |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees : |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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 SA
CIF/NIF: A28017895
Company situation: Active
EXECUTIVE
SUMMARY
Identification
Current Business Name: EL CORTE INGLES SA
Commercial name: EMIDIO TUCCI; GREEN COAST ; YERA ; EMIDIO
TUCCI
Other names: YES
Current Address: CALLE HERMOSILLA, 112
Branches: 731
Telephone number: 913090988 Fax: 913093433
URL: www.elcorteingles.es
Corporate e-mail: administracion@elcorteingles.es
Trade Risk
Incidents: YES
R.A.I.: NO
EXPERIAN BUREAU EMPRESARIAL Bank and Multi - sectorial Defaults of
Payment: NO
Financial Information
Balance sheet latest sales (2011): 11.050.024.000,00 € (Commercial Registry)
Result: 375.017.000 €
Total Assets: 12.842.209.000 €
Share capital: 486.864.000,00 €
Employees: 55.760
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: 35
Other Complementary Information
Latest filed accounts in the Commercial Registry: 2011
Latest act published in BORME: 03/04/2012 Appointments
Latest press article: 17/05/2012 CINCO
DIAS (GENERAL INFORMATION)
Bank Entities: There are
TRADE RISK
Financial Situation
|
Exercise:2011 |
Evolution |
|||
|
Treasury |
Very degraded |
|
|
|
|
Indebtedness |
Slight |
|
|
|
|
Profitability |
Average |
|
|
|
|
Balance |
Degraded |
|
|
|
Performance
|
Incidents |
None or Negligible |
|
Business
Trajectory |
Superior |
Rating Explication
Financial Situation
•
La evolución de las ventas ha sido negativa no así la
de los resultados que ha sido estable.
•
Empresa perteneciente a un sólido grupo de
empresas.
•
La situación financiera de la compañía es normal.
•
La opinión del auditor sobre las últimas cuentas ha
sido favorable.
•
La evolución de la situación financiera de la
sociedad ha sido estable.
Company Structure
•
The company’s capitalization degree determines that
its structure is sound.
•
The company’s size is big depending on
its sales volume.
•
The employees evolution has been negative.
Performance and Incidences
•
The available information indicates that the
company does not have payment incidences.
•
He have detected recent legal actions or claims
from the Administration against this company
Accounts Filing
•
The company files regularly its accounts.
Reasons of the last outstanding calculation in the note
|
DATE |
CHANGE |
RESULTING NOTE |
EVENT |
|
13/04/2012 |
Equal |
11 |
•
Variation in the rating system with regards to
legal incidences information. |
|
04/04/2012 |
Equal |
11 |
•
Variation in the rating system with regards to
legal incidences information. |
|
23/03/2012 |
Equal |
11 |
•
Variation in the rating system with regards to
legal incidences information. |
|
22/01/2012 |
Equal |
11 |
•
There has been a variation in the affected
parties of the company’s non-payments information. |
|
15/01/2012 |
Equal |
11 |
•
There has been a variation in the affected
parties of the company’s non-payments information. |
Summary
LEGAL ACTIONS: 2 ( Last:21/02/2012 , first: 30/09/2011
)
|
|
|
|
|
Insolvency Proceeding: |
0 |
|
|
Civil Court: |
1 |
|
|
Labour Courts: |
1 |
|
ADMINISTRATIVE CLAIMS: 9 ( Last:13/12/2011 , first:
13/11/2009 )
|
|
|
|
|
With the Social Security: |
7 |
|
|
With the Tax Authorities: |
0 |
|
|
With Other Official bodies: |
2 |
|
AFFECTED BY:
21 Company / Companies in Insolvency Proceedings.
Last Legal Actions
figures expressed in €
CIVIL COURT
|
DATE |
CLAIM TYPE |
INCIDENCE STATUS |
ACTOR |
AMOUNT |
|
21/02/2012 |
ORDINARY |
ORDINARY TRIAL JUDGMENT |
|
|
LABOUR COURT.
|
DATE |
INCIDENCE STATUS |
ACTOR |
AMOUNT |
|
30/09/2011 |
CLAIM FOR A SUM IN LABOUR COURT |
|
|
Details of the Latest Legal Actions
figures expressed in €
LABOUR COURT.
|
|
|
|
Conducted in |
A CORUÑA, SOCIAL COURT N. 1 |
|
Writ Number |
980/2010 |
|
Complaint Date |
30/09/2011 |
Record of the claim
|
PHASE |
CLAIM FOR A SUM
IN LABOUR COURT |
|
|
Date of the Edict: 13/04/2012 |
|
|
Source: Published in Official Gazette of GALICIA,
page 13.064 |
Plaintiffs
|
NAME |
DATE |
AMOUNT |
ENFORCEMENT NUMBER |
|
GARCIA RODRIGUEZ EDUARDO |
30/09/2011 |
|
|
figures expressed in €
CIVIL COURT
|
|
|
|
Proceeding |
ORDINARY |
|
Conducted in |
GUADALAJARA, FIRST INSTANCE COURT N. 1 |
|
Writ Number |
121/2011 |
|
Complaint Date |
21/02/2012 |
Record of the claim
|
PHASE |
ORDINARY TRIAL
JUDGMENT |
|
|
Date of the Edict: 04/04/2012 |
|
|
Source: Published in Gazette of MADRID, page 585 |
Plaintiffs
|
NAME |
DATE |
AMOUNT |
ENFORCEMENT NUMBER |
|
BALLESTEROS HERRANZ MIGUEL ANGEL |
21/02/2012 |
|
|
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 |
2.568,79 |
|
30/11/2009 |
CENTRAL TREASURY FOR SOCIAL SECURITY DIRECCION PROVINCIAL DE
TRABAJO Y SEGURIDAD SOCIAL |
2.661,42 |
|
13/11/2009 |
CENTRAL TREASURY FOR SOCIAL SECURITY DIRECCION PROVINCIAL DE
TRABAJO Y SEGURIDAD SOCIAL |
1.669,49 |
WITH OTHER OFFICIAL BODIES.
Seizures
|
DATE |
ORGANIZATION |
AMOUNT |
|
13/12/2011 |
DEPUTATION/ DELEGATION DE CADIZ |
|
|
23/02/2010 |
TOWN/ CITY HALL DE SEVILLA |
|
Detail of the Latest Administrative Claims
figures expressed in €
Seizures
WITH OTHER OFFICIAL BODIES.
Phase: SEIZURE
Organization: DEPUTATION/ DELEGATION DE CADIZ
Concept: Other debts
Date of the claim: 13/12/2011
Source: Published in the Gazette of CADIZ, on 05/01/2012, page 5
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
EXPERIAN BUREAU EMPRESARIAL BANK AND MULTI - SECTORIAL DEFAULTS OF
PAYMENT 
Summary
COMPANY NOT INCLUDED IN EXPERIAN BUREAU EMPRESARIAL BANK AND MULTI - SECTORIAL
DEFAULTS OF PAYMENT
•
There is no information related to the nif/cif
consulted in the in the EXPERIAN BUREAU EMPRESARIAL BANK AND MULTI - SECTORIAL
DEFAULTS OF PAYMENT file
This information comes from Experian Bureau Empresarial Service,
property of Experian Bureau de Crédito S.A. It could just be used for
businessmen or professionals and for the own aims of the business, and could
not be transferred or transmitted to third parties, copied, duplicate or
reproduce, nor incorporate to any owned or external database, or reuse it in
any direct or indirect way. Experian Bureau de Crédito S.A. may file you for
damages it may suffer in case of breaching any of the afore mentioned
obligations. Experian would not be responsible of the lack of accuracy in the supplied
information when it coincides with the one supplied by the creditor entities.
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
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 €
|
|
28/02/2011 (12) BALANCE SHEET |
% ASSETS |
28/02/2010 (12) BALANCE SHEET |
% ASSETS |
28/02/2009 (12) BALANCE SHEET |
% ASSETS |
|
ASSETS |
|
|
|
|
|
|
|
A) NON CURRENT ASSETS |
9.961.668,00 |
77,57 |
9.969.157,00 |
79,34 |
9.686.231,00 |
78,17 |
|
B) CURRENT ASSETS |
2.880.541,00 |
22,43 |
2.596.145,00 |
20,66 |
2.704.339,00 |
21,83 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
5.835.779,00 |
45,44 |
5.542.303,00 |
44,11 |
5.313.003,00 |
42,88 |
|
B) NON CURRENT LIABILITIES |
2.863.558,00 |
22,30 |
3.090.268,00 |
24,59 |
2.623.345,00 |
21,17 |
|
C) CURRENT LIABILITIES |
4.142.872,00 |
32,26 |
3.932.731,00 |
31,30 |
4.454.222,00 |
35,95 |
Profit and Loss Account Analysis
Figures given in thousands €
|
|
28/02/2011 (12) BALANCE SHEET |
% NET TURNOVER |
28/02/2010 (12) BALANCE SHEET |
% NET TURNOVER |
28/02/2009 (12) BALANCE SHEET |
% NET TURNOVER |
|
SALES |
11.050.024,00 |
|
11.201.939,00 |
|
11.555.893,00 |
|
|
GROSS MARGIN |
3.633.993,00 |
32,89 |
3.611.048,00 |
32,24 |
3.686.082,00 |
31,90 |
|
EBITDA |
666.170,00 |
6,03 |
721.915,00 |
6,44 |
718.464,00 |
6,22 |
|
EBIT |
304.964,00 |
2,76 |
364.899,00 |
3,26 |
394.343,00 |
3,41 |
|
NET RESULT |
375.017,00 |
3,39 |
367.073,00 |
3,28 |
363.046,00 |
3,14 |
|
EFFECTIVE TAX RATE (%) |
8,83 |
0,00 |
5,40 |
0,00 |
11,86 |
0,00 |
COMPARATIVE SECTOR
ANALYSIS
Values table
Figures expressed in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
BALANCE SHEET ANALYSIS: % on the total
assets |
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|||
|
A) NON CURRENT ASSETS |
77,57 |
84,76 |
-7,19 |
|
|
|
|
|
A) CURRENT ASSETS |
22,43 |
15,24 |
7,19 |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|||
|
A) NET WORTH |
45,44 |
85,10 |
-39,66 |
|
|
|
|
|
B) NON CURRENT LIABILITIES |
22,30 |
2,83 |
19,47 |
|
|
|
|
|
C) CURRENT LIABILITIES |
32,26 |
12,07 |
20,19 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total
operating income |
|
|
|
|
|
|
|
|
SALES |
95,49 |
97,44 |
-1,95 |
|
|
|
|
|
GROSS MARGIN |
31,40 |
31,93 |
-0,53 |
|
|
|
|
|
EBITDA |
5,76 |
7,33 |
-1,57 |
|
|
|
|
|
EBIT |
2,64 |
4,15 |
-1,52 |
|
|
|
|
|
NET RESULT |
3,24 |
3,04 |
0,21 |
|
|
|
|
Sector Composition
Compared sector (NACE 2009): 4719
Number of companies: 6
Size (sales figure): > 40,000,000.00 Euros
OTHER DATA FROM THE ANNUAL
FINANCIAL REPORT
Results Distribution
Source: annual financial report 2011
Figures given in €
|
DISTRIBUTION BASE |
APPLICATION A |
||
|
Profit and Loss Account Balance |
375.017.112,30 |
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 |
331.266.842,10 |
|
Total of Amounts to be distributed |
375.017.112,30 |
Dividends |
43.750.270,20 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous exercises losses |
0,00 |
|
|
|
Application total |
375.017.112,30 |
Auditing
Source: filing of annual financial statement 2011
Auditors’ opinion: FAVOURABLE
Auditor: DELOITTE S.L.
Auditing fees: 703.000,00 €
Facts subsequent to the closing
Source: Annual financial report 2011
As most relevant fact occurred
after the end of the year, highlighted
the opening of the Mall Marineda (A Coruña)
on April 14, 2011
ADDRESSES
Current Legal Seat Address:
CALLE HERMOSILLA, 112
28009 MADRID
Previous Seat Address:
CALLE PRECIADOS 3
28013 MADRID
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE LA PAZ, 2 |
01004 |
VITORIA-GASTEIZ |
Araba/Álava |
|
PLAZA ALTOZANO, 6 |
02001 |
ALBACETE |
Albacete |
|
CALLE CABA (4 6), 2 |
02001 |
ALBACETE |
Albacete |
|
CL HELLIN. C/V A AV. DE ESPAÑA 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 |
|
CALLE TINTE, 9 |
02001 |
ALBACETE |
Albacete |
|
CALLE TOLEDO, S/N |
02520 |
CHINCHILLA DE MONTE-ARAGON |
Albacete |
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
AVENIDA CID, 22 |
46018 |
VALENCIA |
Valencia |
|
CALLE DE COLON, 1 - AV MEDITERRANEO 26 |
46910 |
SEDAVI |
Valencia |
|
PLAZA SALT |
17005 |
GIRONA |
Gerona |
|
CALLE ISAAC ALBENIZ (SAN ANTON), 9 |
30009 |
MURCIA |
Murcia |
|
CALLE DON JUAN DE BORBON |
30833 |
MURCIA |
Murcia |
CORPORATE STRUCTURE
ADMINISTRATIVE LINKS
|
|
|
|
|
|
Distribution of the administration board |
|
|
Governing body : 19 members (latest change:
16/11/2010) Other Positions : 232 (latest change: 22/03/2012) Auditor : 2 (latest change: 22/11/2011) Operative Board Members : 4 (latest change: 30/08/2010) Non-current positions : 91 (latest change: 07/12/2011) |
|
|
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, JOSE LEOPOLDO |
16/11/2010 |
|
|
|
|
Auditor
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
AUDITOR |
DELOITTE SL |
10/11/2010 |
|
AUDITOR |
DELOITTE SL |
22/11/2011 |
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 |
TAX NUMBER/COUNTRY |
% |
|
DATE REP. |
|
|
ALVAREZ ALVAREZ ISIDORO |
|
15,00 |
|
01/03/1994 |
|
|
INGONDEL SL |
B80702079 |
9,00 |
LA GACETA |
13/05/2008 |
|
|
HERMANOS LUIS Y CELESTINO ARECES |
|
8,00 |
|
01/03/1994 |
|
|
EL CORTE INGLES SA |
A28017895 |
3,97 |
COMMERCIAL REGISTRY |
28/02/2011 |
|
|
EMPLEADOS EL CORTE INGLES |
|
2,00 |
|
01/03/1994 |
|
|
ARECES FUENTES MARIA JESUS |
|
0,71 |
COMMERCIAL REGISTRY |
29/02/2008 |
|
|
ARECES FUENTES CESAR CARLOS |
|
0,71 |
COMMERCIAL REGISTRY |
29/02/2008 |
|
|
ARECES FUENTES RAMON |
|
0,71 |
COMMERCIAL REGISTRY |
29/02/2008 |
|
|
ARECES FUENTES ROSARIO |
|
0,71 |
COMMERCIAL REGISTRY |
29/02/2008 |
|
|
LASAGA MUNARRIZ FLORENCIO |
|
Indef. |
|
01/03/1994 |
Company with rating inferior to 7
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
PATRIMONIAL TRUST SL (EXTINGUIDA) |
B80095458 |
Indef. |
COMMERCIAL REGISTRY |
27/02/2004 |
|
|
GONZALEZ FERNANDEZ DAVID |
|
Indef. |
LA GACETA |
01/09/2003 |
Company with rating inferior to 7
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
OPTICA 2000 SL |
B08422941 |
100,00 |
OWN SOURCES |
21/05/2012 |
|
|
EDITORIAL CENTRO DE ESTUDIOS RAMON ARECES SA |
A78858560 |
100,00 |
OWN SOURCES |
17/05/2012 |
|
|
VIAJES EL CORTE INGLES SA |
A28229813 |
100,00 |
OWN SOURCES |
20/04/2012 |
|
|
INFORMATICA EL CORTE INGLES SA |
A28855260 |
100,00 |
OWN SOURCES |
16/04/2012 |
|
|
CENTRO DE SEGUROS Y SERVICIOS CORREDURIA DE SEGUROS SA GRUPO DE
SEGUROS EL CORTE INGLES |
A28128189 |
100,00 |
OWN SOURCES |
06/03/2012 |
|
|
TIENDAS DE CONVENIENCIA SA |
A78476389 |
100,00 |
OWN SOURCES |
27/02/2012 |
|
|
SUPERCOR SA |
A78476397 |
100,00 |
OWN SOURCES |
23/02/2012 |
|
|
HIPERCOR SA |
A28642866 |
100,00 |
OWN SOURCES |
30/01/2012 |
|
|
BRICOR SA |
A50319771 |
100,00 |
OWN SOURCES |
25/01/2012 |
|
|
TOURMUNDIAL OPERADORES SA |
A28490910 |
100,00 |
OWN SOURCES |
25/01/2012 |
Company with rating inferior to 7
|
|
BUSINESS NAME |
SHAREHOLDER |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
GALLERY DA VISAO SERVICOS DE OPTICA UNIPESSOAL LDA |
OPTICA 2000 SL |
PORTUGAL |
100,00 |
COMMERCIAL REGISTRY |
28/02/2011 |
|
|
VIAJES EL CORTE INGLES INC |
VIAJES EL CORTE INGLES SA |
UNITED STATES |
100,00 |
COMMERCIAL REGISTRY |
28/02/2011 |
|
|
TELECOR SA |
INFORMATICA EL CORTE INGLES SA |
A80028731 |
100,00 |
OWN SOURCES |
25/04/2012 |
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
CADENACOR SA (EXTINGUIDA) |
A83064295 |
100,00 |
EL MUNDO DEL SIGLO VEINTIUNO |
23/11/2010 |
|
|
PARTICIPACIONES SA (EXTINGUIDA) |
A28707818 |
100,00 |
EL MUNDO DEL SIGLO VEINTIUNO |
23/11/2010 |
|
|
OPTICAS EL CORTE INGLES SA (EXTINGUIDA) |
A83709634 |
100,00 |
EL MUNDO DEL SIGLO VEINTIUNO |
09/11/2005 |
Company with rating inferior to 7
POTENTIAL LINKS
Search Criterion: ”EL CORTE INGLES”
|
COMPANY FOUND |
PROVINCE |
|
EL CORTE INGLES SA |
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 SA |
MADRID |
Search Criterion: "EL CORTE INGLES"
URL: www.elcorteingles.es
The English Court: Electronics, computers, home, supermarket ... El Corte
Ingles. Buy electronics, computers, home, supermarket, fashion, sports, travel,
books, music, movies, tickets, toys.
BUSINESS INFORMATION
Incorporation date: 02/01/1952
Establishment date: 01/01/1940
Founder’s Name: RAMON ARECES Y CESAR RODRIGUEZ
Code: 1650000
Activity: Retail sale of industrial products (except
foodstuff)
NACE 2009 CODE: 4719
NACE 2009 Activity: Other retail sale in non-specialised stores
Business: ACHIEVE YOUR TRADE
ACTIVITIES INTEGRATED LARGE SURFACES, REACHING
THE MARKETING OF ALL KINDS OF CONSUMER PRODUCTS IN
BROADER RANGE, FURNITURE, GIFT ITEMS, ECT
Environmental information: YES (Page 86) Annual
financial report 2011
Latest employees figure: 55.760 (2011)
% of fixed employees: 91,45%
% of temporary employees: 8,55%
% of men: 37,24%
% of women: 62,76%
Employees evolution
|
|
|
|
Source: Annual financial report 2011
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
|
23.638 |
39.845 |
|
Distribution by sexes |
|
23.638 |
39.845 |
PURCHASES
Import Percentage: 9%
Imports from: U.E. Y OTROS PAÍSES (CHINA, INDIA, TAILANDIA,
TAIWAN, TURQUÍA, VIETNAM, BANGLADESH Y COREA DEL SUR)
National Distribution: 91%
• The 80.18% of its turnover corresponds
to sales of commercial activity.
• The 16.76%
of its turnover is
for sales to group companies.
• The 3.06%
of its turnover corresponds
to income from the provision of
services.
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
FINANCIERA EL CORTE INGLES E.F.C., S.A. |
|
|
|
|
|
BANCO SANTANDER, S.A. |
|
|
|
|
|
UNICAJA BANCO, S.A. |
|
|
|
|
|
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. |
|
|
|
|
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:3.293.000,00
€ Available limit:14.669.000,00
€ Source: Filed
Accounts (2011) |
|
|
|
|
Debt type: Credit policy |
Granted limit:2.445.175.000,00 € Used limit:1.266.427.000,00
€ Available limit:1.178.748.000,00
€ Source: Filed
Accounts (2011) |
|
|
|
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 |
15.873.000,00 |
25.085.000,00 |
3.173.000,00 |
FORMER NAMES:
•
EL CORTE INGLES SL
Brand name: PRECIO RECIEN CORTADO (Valid)
Type: JOINT Scope: NATIONAL Date: 24/02/2012
Brand name: LIVEMAG (Valid)
Type: JOINT Scope: NATIONAL Date: 03/01/2012
Brand name: EL CORTE INGLES ESPACIO DE LAS ARTES (Valid)
Type: JOINT Scope: NATIONAL Date: 23/12/2011
Brand name: PITIFLU (Valid)
Type: GRAPHICAL Scope: COMMUNITARY
Date: 16/12/2011
Brand name: SI NO QUEDA SATISFECHO NO SERIAMOS EL CORTE
INGLES (Valid)
Type: JOINT Scope: NATIONAL Date: 18/11/2011
LEGAL STRUCTURE
Constitution Data
Register Date: 02/01/1952
Legal form: Joint-stock Company
Share capital: 486.864.000,00 €
Paid-up capital: 486.864.000,00 €
Obligation to fill in Financial Statements: YES
Chamber census: YES (2010)
B.O.R.M.E. (OFFICIAL GAZETTE OF THE COMMERCIAL REGISTRY)
Acts on activity: 1 (Last: 03/11/1994)
Acts on administrators: 498 (Last: 03/04/2012, 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: 24 (Last: 22/03/2012, 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. |
COMMERCIAL REGISTRY |
|
Appointments |
03/04/2012 |
152903 |
Madrid |
|
Appointments |
22/03/2012 |
133923 |
Madrid |
|
Appointments |
22/03/2012 |
133922 |
Madrid |
|
Appointments |
22/03/2012 |
133921 |
Madrid |
|
Appointments |
22/03/2012 |
133920 |
Madrid |
|
Appointments |
22/03/2012 |
133919 |
Madrid |
|
Other concepts |
22/03/2012 |
133918 |
Madrid |
|
Other concepts |
22/03/2012 |
133917 |
Madrid |
|
Appointments |
18/01/2012 |
23088 |
Madrid |
|
Appointments |
18/01/2012 |
23087 |
Madrid |
Press summary by type of information (last five years)
Legal notices: 0
Structural Data: 275 (Last: 10/05/2012, first: 06/01/2007)
Informative data: 183 (Last: 17/05/2012, first: 08/01/2007)
Financial Information: 22 (Last: 02/03/2012, first:
27/08/2007)
Negative information: 0
Business lines: 65 (Last: 17/05/2012, first: 22/02/2007)
Historical press releases: 958 (Last: 29/12/2006, first:
15/05/1993)
Latest press article published
17/05/2012 CINCO DIAS (Page 6) GENERAL
INFORMATION
EDreams has opened a clinic specializing in health and sport in their
establishment of new ministries, transaction marks a further step in the diversification of
Spanish department stores. The clinic, whose opening has led to an
investment of 400,000 euros, expects to achieve sales of about 3.5 million in 2015, which
will correspond to a eDreams through a lease
involved a commission on sales.
17/05/2012 LA RAZON (Page 34) PRODUCTION
DATA
According to data provided by Nielsen, eDreams is the leading
e-commerce in Spain. In the past year, the
company has increased by 600,000 buyers,
reaching 3.7 million unique users.
14/05/2012 EXPANSIÓN (Page 13) AGREEMENTS
BETWEEN COMPANIES
The U.S. group COTY perfume contributed by
Spain for its nail lacquers OPY, to leap
to the distribution. The company has
reached an agreement with eDreams for open 10
A manicure, which the company called
Nail Bar The
first centers will open in
Castellana and Serrano
in Madrid.
10/05/2012 EXPANSION ANDALUCIA - BRANCHES
EL CORTE INGLES 11/05/12 inaugurate its
second store in Córdoba, but it will be the first to add HIPERCOR supply.
The building, located in Turruñuelos has required an investment of 125 million and nearly 4 years of work. The floor area exceeds
142,500 meters square, with a retail space of 31,500 meters. It also has a
parking area for 230 people, including
those for electric cars. It also
has installed a photovoltaic solar field cover 60 KW
of power for consumption. The company has hired 800
people. The distribution group has
28 stores in Andalusia with eDreams HIPERCOR and 12.
10/05/2012 EL
ECONOMISTA (Page 12) SHAREHOLDERS AND HOLDINGS
The delicate situation will not jeopardize Bankia Spanishness IBERIA
brand until 2015. As defined in the safeguard clause which is valid
five years from the birth of AIRLINES INTERNATIONAL GROUP
(AIG), although the financial institution that sold the 12.1%
controlled by its parent BFA in IAG will
continue to force all rights. For them, established
a Spanish company (GARANAIR)
which is owned 87% by Caja Madrid (now
Bankia) and 13% by
the English Court. In turn, GARANAIR owns 50.1% of
the voting power of IBERIA Holding, which controls 100% of OPCO IBERIA (the
operator).
Complementary Information
Global Compact
This company joined the Global Compact on 24/06/2002. (Source: Spanish
Network of the UN Global Compact).
Last progress report submitted:
Year 2010
FINANCIAL INFORMATION
The information on the last Individual Filed Accounts contained in this
report is extracted from the Commercial Registry file of the legal address of
the Company and dated 27/01/2012.
SITUATION BALANCE-SHEET
Assets
Figures given in thousands €
|
|
28/02/2011 (12) |
% ASSETS |
28/02/2010 (12) |
% ASSETS |
28/02/2009 (12) |
% ASSETS |
|
A) NON CURRENT ASSETS |
9.961.668,00 |
77,57 |
9.969.157,00 |
79,34 |
9.686.231,00 |
78,17 |
|
I. Intangible assets |
313.240,00 |
2,44 |
322.672,00 |
2,57 |
319.299,00 |
2,58 |
|
2. Concessions |
67.425,00 |
0,53 |
70.470,00 |
0,56 |
72.923,00 |
0,59 |
|
3. Patents, licences , trademarks and
similars |
6.107,00 |
0,05 |
6.622,00 |
0,05 |
6.562,00 |
0,05 |
|
4. Goodwill |
10.688,00 |
0,08 |
10.688,00 |
0,09 |
10.688,00 |
0,09 |
|
5. Software |
228.391,00 |
1,78 |
234.047,00 |
1,86 |
228.197,00 |
1,84 |
|
7. Other intangible assets |
629,00 |
0,00 |
845,00 |
0,01 |
929,00 |
0,01 |
|
II. Tangible fixed assets |
6.463.130,00 |
50,33 |
6.313.708,00 |
50,25 |
6.024.545,00 |
48,62 |
|
1. Property, plant and equipment |
3.926.140,00 |
30,57 |
3.691.108,00 |
29,38 |
3.418.975,00 |
27,59 |
|
2. Technical fittings and other tangible
assets |
2.427.384,00 |
18,90 |
2.458.823,00 |
19,57 |
2.393.619,00 |
19,32 |
|
3. Fixed assets in progress and advances |
109.606,00 |
0,85 |
163.777,00 |
1,30 |
211.951,00 |
1,71 |
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated
and affiliated companies |
2.959.033,00 |
23,04 |
3.111.507,00 |
24,76 |
3.132.967,00 |
25,29 |
|
1. Net worth instruments |
2.945.582,00 |
22,94 |
3.103.259,00 |
24,70 |
3.127.313,00 |
25,24 |
|
2. Credits to companies |
10.000,00 |
0,08 |
5.000,00 |
0,04 |
5.000,00 |
0,04 |
|
5. Other financial assets |
3.451,00 |
0,03 |
3.248,00 |
0,03 |
654,00 |
0,01 |
|
V. Long Term Financial Investments |
187.868,00 |
1,46 |
167.785,00 |
1,34 |
134.331,00 |
1,08 |
|
1. Net worth instruments |
94.940,00 |
0,74 |
79.199,00 |
0,63 |
66.073,00 |
0,53 |
|
2. Credits to third parties |
83.364,00 |
0,65 |
77.132,00 |
0,61 |
61.237,00 |
0,49 |
|
4. By-products |
1.282,00 |
0,01 |
3.340,00 |
0,03 |
|
|
|
5. Other financial assets |
8.282,00 |
0,06 |
8.114,00 |
0,06 |
7.021,00 |
0,06 |
|
VI. Assets by deferred taxes |
38.397,00 |
0,30 |
53.485,00 |
0,43 |
75.089,00 |
0,61 |
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
2.880.541,00 |
22,43 |
2.596.145,00 |
20,66 |
2.704.339,00 |
21,83 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
1.810.475,00 |
14,10 |
1.686.973,00 |
13,43 |
1.860.907,00 |
15,02 |
|
1. Goods available for sale |
1.799.913,00 |
14,02 |
1.677.515,00 |
13,35 |
1.851.303,00 |
14,94 |
|
2. Raw material inventory |
10.562,00 |
0,08 |
9.458,00 |
0,08 |
9.604,00 |
0,08 |
|
III. Trade Debtors and other receivable
accounts |
989.810,00 |
7,71 |
702.549,00 |
5,59 |
711.769,00 |
5,74 |
|
1. Clients |
146.578,00 |
1,14 |
148.419,00 |
1,18 |
203.468,00 |
1,64 |
|
b) Clients for sales and
short term services rendering |
146.578,00 |
1,14 |
148.419,00 |
1,18 |
203.468,00 |
1,64 |
|
2. Clients group and associated companies |
665.385,00 |
5,18 |
391.849,00 |
3,12 |
338.240,00 |
2,73 |
|
3. Other debts |
166.811,00 |
1,30 |
145.721,00 |
1,16 |
131.362,00 |
1,06 |
|
5. Assets by current taxes |
|
|
|
|
27.206,00 |
0,22 |
|
6. Other credits with the Public
Administrations |
11.036,00 |
0,09 |
16.560,00 |
0,13 |
11.493,00 |
0,09 |
|
IV. Short term investments in associated
and affiliated companies |
13,00 |
0,00 |
10,00 |
0,00 |
29,00 |
0,00 |
|
2. Credits to companies |
13,00 |
0,00 |
10,00 |
0,00 |
29,00 |
0,00 |
|
V. Short term financial investments |
5.662,00 |
0,04 |
58.754,00 |
0,47 |
3.315,00 |
0,03 |
|
4. By-products |
|
|
13.211,00 |
0,11 |
2.681,00 |
0,02 |
|
5. Other financial assets |
5.662,00 |
0,04 |
45.543,00 |
0,36 |
634,00 |
0,01 |
|
VI. Short term periodifications |
16.505,00 |
0,13 |
17.430,00 |
0,14 |
19.995,00 |
0,16 |
|
VII. Cash and equivalents |
58.076,00 |
0,45 |
130.429,00 |
1,04 |
108.324,00 |
0,87 |
|
1. Treasury |
58.076,00 |
0,45 |
130.429,00 |
1,04 |
108.324,00 |
0,87 |
|
TOTAL ASSETS (A + B) |
12.842.209,00 |
100,00 |
12.565.302,00 |
100,00 |
12.390.570,00 |
100,00 |
Net Worth and Liabilities
Figures given in thousands €
|
|
28/02/2011 (12) |
% ASSETS |
28/02/2010 (12) |
% ASSETS |
28/02/2009 (12) |
% ASSETS |
|
A) NET WORTH |
5.835.779,00 |
45,44 |
5.542.303,00 |
44,11 |
5.313.003,00 |
42,88 |
|
A-1) Equity |
5.868.854,00 |
45,70 |
5.568.476,00 |
44,32 |
5.346.871,00 |
43,15 |
|
I. Capital |
486.864,00 |
3,79 |
486.864,00 |
3,87 |
486.864,00 |
3,93 |
|
1. Authorized capital |
486.864,00 |
3,79 |
486.864,00 |
3,87 |
486.864,00 |
3,93 |
|
II. Issue premium |
|
|
|
|
|
|
|
III. Reserves |
5.290.134,00 |
41,19 |
4.962.010,00 |
39,49 |
4.627.364,00 |
37,35 |
|
1. Legal and statutory |
97.373,00 |
0,76 |
97.373,00 |
0,77 |
97.373,00 |
0,79 |
|
2. Other funds |
5.192.761,00 |
40,44 |
4.864.637,00 |
38,71 |
4.529.991,00 |
36,56 |
|
IV. (Net worth own shares and
participations) |
-283.161,00 |
-2,20 |
-247.471,00 |
-1,97 |
-130.403,00 |
-1,05 |
|
V. Results from previous years |
|
|
|
|
|
|
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
375.017,00 |
2,92 |
367.073,00 |
2,92 |
363.046,00 |
2,93 |
|
VIII. (Interim dividend) |
|
|
|
|
|
|
|
IX. Other net worth instruments |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
-33.075,00 |
-0,26 |
-26.173,00 |
-0,21 |
-33.868,00 |
-0,27 |
|
I. Financial assets available for sale |
-15.564,00 |
-0,12 |
-13.239,00 |
-0,11 |
-22.330,00 |
-0,18 |
|
II. Coverage operations |
-17.511,00 |
-0,14 |
-12.934,00 |
-0,10 |
-11.538,00 |
-0,09 |
|
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 |
2.863.558,00 |
22,30 |
3.090.268,00 |
24,59 |
2.623.345,00 |
21,17 |
|
I. Long term provisions |
7.638,00 |
0,06 |
7.500,00 |
0,06 |
7.500,00 |
0,06 |
|
4. Other provisions |
7.638,00 |
0,06 |
7.500,00 |
0,06 |
7.500,00 |
0,06 |
|
II. Long term debts |
2.817.227,00 |
21,94 |
3.046.238,00 |
24,24 |
2.582.978,00 |
20,85 |
|
1. Debentures and other negotiable values |
1.344.287,00 |
10,47 |
1.186.529,00 |
9,44 |
893.461,00 |
7,21 |
|
2. Debts with bank entities |
1.322.380,00 |
10,30 |
1.677.811,00 |
13,35 |
1.417.606,00 |
11,44 |
|
3. Financial leasing creditors |
28.258,00 |
0,22 |
44.130,00 |
0,35 |
53.108,00 |
0,43 |
|
4. By-products |
23.583,00 |
0,18 |
41.021,00 |
0,33 |
16.482,00 |
0,13 |
|
5. Other financial liabilities |
98.719,00 |
0,77 |
96.747,00 |
0,77 |
202.321,00 |
1,63 |
|
III. Long term debts with associated and
affiliated companies |
793,00 |
0,01 |
833,00 |
0,01 |
798,00 |
0,01 |
|
IV. Liabilities by deferred taxes |
37.900,00 |
0,30 |
35.697,00 |
0,28 |
32.069,00 |
0,26 |
|
V. Long term periodifications |
|
|
|
|
|
|
|
VI. Non current trade creditors |
|
|
|
|
|
|
|
VII. Long term debts with special
characteristics |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
4.142.872,00 |
32,26 |
3.932.731,00 |
31,30 |
4.454.222,00 |
35,95 |
|
I. Liabilities related with non-current
assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
2.351,00 |
0,02 |
2.228,00 |
0,02 |
|
III. Short term debts |
1.538.759,00 |
11,98 |
1.296.177,00 |
10,32 |
1.731.616,00 |
13,98 |
|
2. Debts with bank entities |
1.274.134,00 |
9,92 |
893.277,00 |
7,11 |
1.263.796,00 |
10,20 |
|
3. Financial leasing creditors |
15.873,00 |
0,12 |
8.948,00 |
0,07 |
8.641,00 |
0,07 |
|
4. By-products |
8.498,00 |
0,07 |
16,00 |
0,00 |
|
|
|
5. Other financial liabilities |
240.254,00 |
1,87 |
393.936,00 |
3,14 |
459.179,00 |
3,71 |
|
IV. Short term debts with associated and
affiliated companies |
343.977,00 |
2,68 |
453.564,00 |
3,61 |
520.013,00 |
4,20 |
|
V. Trade creditors and other payable
accounts |
2.257.399,00 |
17,58 |
2.179.789,00 |
17,35 |
2.199.798,00 |
17,75 |
|
1. Suppliers |
1.681.162,00 |
13,09 |
1.710.499,00 |
13,61 |
1.710.454,00 |
13,80 |
|
b) Short term suppliers |
1.681.162,00 |
13,09 |
1.710.499,00 |
13,61 |
1.710.454,00 |
13,80 |
|
2. Suppliers group and associated
companies |
39.801,00 |
0,31 |
19.212,00 |
0,15 |
19.609,00 |
0,16 |
|
3. Different creditors |
21.527,00 |
0,17 |
39.308,00 |
0,31 |
23.283,00 |
0,19 |
|
4. Staff (pending remunerations) |
294.040,00 |
2,29 |
310.464,00 |
2,47 |
370.879,00 |
2,99 |
|
5. Liabilities by current taxes |
32.149,00 |
0,25 |
20.580,00 |
0,16 |
|
|
|
6. Other debts with Public Administrations |
69.162,00 |
0,54 |
68.635,00 |
0,55 |
62.463,00 |
0,50 |
|
7. Clients pre-payments |
119.558,00 |
0,93 |
11.091,00 |
0,09 |
13.110,00 |
0,11 |
|
VI. Short term periodifications |
2.737,00 |
0,02 |
850,00 |
0,01 |
567,00 |
0,00 |
|
VII. Short term debts with special
characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B +
C) |
12.842.209,00 |
100,00 |
12.565.302,00 |
100,00 |
12.390.570,00 |
100,00 |
PROFIT AND LOSS ACCOUNT
Figures given in thousands €
|
|
28/02/2011 (12) |
%OPERATING INCOME |
28/02/2010 (12) |
%OPERATING INCOME |
28/02/2009 (12) |
%OPERATING INCOME |
|
A) CONTINUED OPERATIONS |
|
|
|
|
|
|
|
1. Net Turnover |
11.050.024,00 |
95,49 |
11.201.939,00 |
95,60 |
11.555.893,00 |
95,48 |
|
A) Sales |
10.711.788,00 |
92,57 |
10.836.674,00 |
92,49 |
11.265.856,00 |
93,09 |
|
b) Services provided |
338.236,00 |
2,92 |
365.265,00 |
3,12 |
290.037,00 |
2,40 |
|
2. Variation in stocks of finished goods
and work in progress |
|
|
|
|
|
|
|
3. Works for its own assets |
125.496,00 |
1,08 |
129.391,00 |
1,10 |
144.742,00 |
1,20 |
|
4. Supplies |
-7.937.548,00 |
-68,60 |
-8.106.169,00 |
-69,18 |
-8.416.286,00 |
-69,54 |
|
a) Material consumed |
-7.892.477,00 |
-68,21 |
-8.052.622,00 |
-68,72 |
-8.362.615,00 |
-69,10 |
|
c) Works carried out for other companies |
-44.596,00 |
-0,39 |
-49.255,00 |
-0,42 |
-56.101,00 |
-0,46 |
|
d) Deterioration on merchandises, raw
materials and other supplies |
-475,00 |
0,00 |
-4.292,00 |
-0,04 |
2.430,00 |
0,02 |
|
5. Other operating income |
396.021,00 |
3,42 |
385.887,00 |
3,29 |
401.733,00 |
3,32 |
|
a) Other incomes |
390.702,00 |
3,38 |
378.835,00 |
3,23 |
396.485,00 |
3,28 |
|
b) Operating grants included in the
exercise result |
5.319,00 |
0,05 |
7.052,00 |
0,06 |
5.248,00 |
0,04 |
|
6. Labour cost |
-1.867.594,00 |
-16,14 |
-1.821.254,00 |
-15,54 |
-1.874.644,00 |
-15,49 |
|
a) Wages and similar expenses |
-1.463.238,00 |
-12,65 |
-1.419.853,00 |
-12,12 |
-1.464.107,00 |
-12,10 |
|
b) Social costs |
-404.356,00 |
-3,49 |
-401.401,00 |
-3,43 |
-410.537,00 |
-3,39 |
|
7. Other operating costs |
-1.098.399,00 |
-9,49 |
-1.080.455,00 |
-9,22 |
-1.095.213,00 |
-9,05 |
|
a) External services |
-936.161,00 |
-8,09 |
-917.616,00 |
-7,83 |
-931.413,00 |
-7,70 |
|
b) Taxes |
-56.362,00 |
-0,49 |
-52.609,00 |
-0,45 |
-48.272,00 |
-0,40 |
|
c) Losses, deterioration and variation on business
operations provisions |
2.652,00 |
0,02 |
-6.373,00 |
-0,05 |
-2.071,00 |
-0,02 |
|
d) Other day to day expenses |
-108.528,00 |
-0,94 |
-103.857,00 |
-0,89 |
-113.457,00 |
-0,94 |
|
8. Amortization of fixed assets |
-363.406,00 |
-3,14 |
-346.446,00 |
-2,96 |
-324.503,00 |
-2,68 |
|
9. Allocation of subventions on non
financial investments and other |
|
|
|
|
|
|
|
10. Provisions excess |
23,00 |
0,00 |
95,00 |
0,00 |
23,00 |
0,00 |
|
11. Deterioration and result for fixed
assets disposal |
347,00 |
0,00 |
1.911,00 |
0,02 |
2.598,00 |
0,02 |
|
b) Results for disposals and others |
347,00 |
0,00 |
1.911,00 |
0,02 |
2.598,00 |
0,02 |
|
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) |
304.964,00 |
2,64 |
364.899,00 |
3,11 |
394.343,00 |
3,26 |
|
14. Financial income |
421.897,00 |
3,65 |
307.551,00 |
2,62 |
243.291,00 |
2,01 |
|
a) From net worth instruments participations |
414.739,00 |
3,58 |
304.522,00 |
2,60 |
240.344,00 |
1,99 |
|
a 1) On group and
associated companies |
414.673,00 |
3,58 |
304.481,00 |
2,60 |
234.767,00 |
1,94 |
|
a 2) On third parties |
66,00 |
0,00 |
41,00 |
0,00 |
5.577,00 |
0,05 |
|
b) From negotiable values and other
financial instruments |
7.158,00 |
0,06 |
3.029,00 |
0,03 |
2.947,00 |
0,02 |
|
b 1) From group and
associated companies |
1.015,00 |
0,01 |
745,00 |
0,01 |
409,00 |
0,00 |
|
b 2) From third parties |
6.143,00 |
0,05 |
2.284,00 |
0,02 |
2.538,00 |
0,02 |
|
15. Financial expenses |
-182.267,00 |
-1,58 |
-173.618,00 |
-1,48 |
-177.049,00 |
-1,46 |
|
a) For debts with associated and
affiliated companies |
-17.670,00 |
-0,15 |
-21.702,00 |
-0,19 |
-27.243,00 |
-0,23 |
|
b) For debts with third parties |
-164.597,00 |
-1,42 |
-151.916,00 |
-1,30 |
-149.806,00 |
-1,24 |
|
16. Reasonable value variation on
financial instruments |
19.888,00 |
0,17 |
-10.424,00 |
-0,09 |
3.695,00 |
0,03 |
|
a) Negotiation portfolio and others |
1.317,00 |
0,01 |
-10.424,00 |
-0,09 |
3.695,00 |
0,03 |
|
b) Allocation to the exercise result for
financial assets available for sale |
18.571,00 |
0,16 |
|
|
|
|
|
17. Exchange differences |
2.090,00 |
0,02 |
1.176,00 |
0,01 |
640,00 |
0,01 |
|
18. Deterioration and result for disposal
of financial instruments |
-155.219,00 |
-1,34 |
-101.553,00 |
-0,87 |
-53.033,00 |
-0,44 |
|
a) Deteriorations and losses |
-156.855,00 |
-1,36 |
-101.553,00 |
-0,87 |
-52.887,00 |
-0,44 |
|
b) Results for disposals and others |
1.636,00 |
0,01 |
|
|
-146,00 |
0,00 |
|
19. Other financial income and expenses |
|
|
|
|
|
|
|
A.2) FINANCIAL RESULT (14 + 15 + 16 + 17 +
18 + 19) |
106.389,00 |
0,92 |
23.132,00 |
0,20 |
17.544,00 |
0,14 |
|
A.3) RESULT BEFORE TAXES (A.1 + A.2) |
411.353,00 |
3,55 |
388.031,00 |
3,31 |
411.887,00 |
3,40 |
|
20. Taxes on profits |
-36.336,00 |
-0,31 |
-20.958,00 |
-0,18 |
-48.841,00 |
-0,40 |
|
A.4) EXERCISE RESULT COMING FROM CONTINUED
OPERATIONS (A.3 + 20) |
375.017,00 |
3,24 |
367.073,00 |
3,13 |
363.046,00 |
3,00 |
|
B) DISCONTINUED OPERATIONS |
|
|
|
|
|
|
|
21. Net of taxes exercise result coming
from discontinued operations |
|
|
|
|
|
|
|
A.5) EXERCISE RESULT (A.4 + 21) |
375.017,00 |
3,24 |
367.073,00 |
3,13 |
363.046,00 |
3,00 |
NET WORTH CHANGES
STATUS
Status of recognized income and expenses
Figures given in thousands €
|
NET WORTH CHANGES (1/3) |
28/02/2011 (12) |
28/02/2010 (12) |
28/02/2009 (12) |
|
A) PROFIT AND LOSS ACCOUNT RESULT |
375.017,00 |
367.073,00 |
363.046,00 |
|
INCOME AND EXPENSES ALLOCATED DIRECTLY TO
NET WORTH |
|
|
|
|
I. For valuation of financial instruments |
15.250,00 |
12.987,00 |
-5.595,00 |
|
1. Financial assets available for sale |
15.250,00 |
12.987,00 |
-5.595,00 |
|
II. Cash flow coverage |
-25.695,00 |
-8.669,00 |
-18.055,00 |
|
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 |
3.134,00 |
-1.295,00 |
7.095,00 |
|
B) TOTAL INCOME AND EXPENSES ALLOCATED DIRECTLY
TO NET WORTH (I + II + III + IV +V+VI+VII) |
-7.311,00 |
3.023,00 |
-16.555,00 |
|
PROFIT AND LOSS ACCOUNT TRANSFERS |
|
|
|
|
VIII. For valuation of financial
instruments |
-18.571,00 |
|
|
|
1. Financial assets available for sale |
-18.571,00 |
|
|
|
IX. Cash flow coverage |
19.156,00 |
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 |
-176,00 |
-2.003,00 |
|
|
C) TOTAL TRANSFERS TO THE PROFIT AND LOSS
ACCOUNT (VIII + IX + X + XI+ XII+ XIII) |
409,00 |
4.672,00 |
|
|
TOTAL INCOME AND EXPENSES RECOGNIZED (A +
B + C) |
368.115,00 |
374.768,00 |
346.491,00 |
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 (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 |
|
I. Adjustments by change of criteria in
the exercise (2010) |
|
|
|
|
|
II. Adjustments by errors in the exercise
(2010) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF
EXERCISE (2011) |
486.864,00 |
4.962.010,00 |
-247.471,00 |
367.073,00 |
|
I. Total recognized income and expenses |
|
|
|
375.017,00 |
|
II. Operations with partners or owners |
|
328.124,00 |
-35.690,00 |
-367.073,00 |
|
4. (-) Dividends distribution |
|
|
|
-38.949,00 |
|
5. Operations with own participations or shares
(net) |
|
|
-35.690,00 |
|
|
7. Other operations with partners or
owners |
|
328.124,00 |
|
-328.124,00 |
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
486.864,00 |
5.290.134,00 |
-283.161,00 |
375.017,00 |
|
NET WORTH CHANGES ( 3 /3) |
VALUE CHANGES ADJUSTMENTS |
TOTAL |
|
|
|
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 |
|
|
|
I. Adjustments by change of criteria in the
exercise (2010) |
|
|
|
|
|
II. Adjustments by errors in the exercise
(2010) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF
EXERCISE (2011) |
-26.173,00 |
5.542.303,00 |
|
|
|
I. Total recognized income and expenses |
-6.902,00 |
368.115,00 |
|
|
|
II. Operations with partners or owners |
|
-74.639,00 |
|
|
|
4. (-) Dividends distribution |
|
-38.949,00 |
|
|
|
5. Operations with own participations or
shares (net) |
|
-35.690,00 |
|
|
|
7. Other operations with partners or
owners |
|
|
|
|
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
-33.075,00 |
5.835.779,00 |
|
|
CASH FLOW STATUS
Figures given in thousands €
|
|
28/02/2011 (12) |
28/02/2010 (12) |
28/02/2009 (12) |
|
A) CASH FLOW COMING FROM OPERATING
ACTIVITIES |
|
|
|
|
1. exercise result before taxes |
411.353,00 |
388.031,00 |
411.887,00 |
|
2. Results adjustments |
275.379,00 |
316.866,00 |
305.547,00 |
|
a) Amortization of fixed assets (+) |
363.406,00 |
346.446,00 |
324.503,00 |
|
b) Value correction for deterioration
(+/-) |
156.855,00 |
101.553,00 |
52.887,00 |
|
c) Change of Provisions (+/-) |
138,00 |
|
-116,00 |
|
e) Results for decline and disposal of
fixed assets (+/-) |
-347,00 |
-1.911,00 |
-2.598,00 |
|
f) Results for decline and disposal of
financial instruments (+/-) |
-1.636,00 |
|
146,00 |
|
g) Financial income (-) |
-421.897,00 |
-307.551,00 |
-243.291,00 |
|
f) Financial expenses (+) |
182.267,00 |
173.618,00 |
177.049,00 |
|
i) Change difference (+/-) |
-2.090,00 |
-1.176,00 |
640,00 |
|
j) Reasonable value variation on financial
instruments (+/-) |
-1.317,00 |
5.887,00 |
-3.695,00 |
|
k) Other income and expenses (-/+) |
|
|
22,00 |
|
3. Changes in current capital |
-393.001,00 |
108.794,00 |
-601.802,00 |
|
a) Stocks (+/-) |
-123.502,00 |
173.934,00 |
-80.292,00 |
|
b) Debtors and other receivable accounts
(+/-) |
-287.261,00 |
9.220,00 |
-154.832,00 |
|
c) Other current assets (+/-) |
54.014,00 |
-64.837,00 |
116,00 |
|
d) Creditors and other payable accounts
(+/-) |
-58.388,00 |
-20.009,00 |
-384.012,00 |
|
e) Other current liabilities (+/-) |
1.887,00 |
283,00 |
-199,00 |
|
f) Other non-current assets and
liabilities (+/-) |
20.249,00 |
10.203,00 |
17.417,00 |
|
4. Other cash flow coming from operating
activities |
234.449,00 |
124.706,00 |
44.417,00 |
|
a) Interests payments (-) |
-182.267,00 |
-173.618,00 |
-177.049,00 |
|
b) Dividends collections (+) |
414.739,00 |
304.522,00 |
240.344,00 |
|
c) Interests collections (+) |
7.158,00 |
3.029,00 |
2.947,00 |
|
d) Collections (payments) for profit tax
(+/-) |
-5.181,00 |
-9.227,00 |
-21.825,00 |
|
5. Cash flow coming from operating
activities (1 + 2 + 3 + 4) |
528.180,00 |
938.397,00 |
160.049,00 |
|
B) CASH FLOW COMING FROM INVESTING
ACTIVITIES |
|
|
|
|
6. Investment payments (-) |
-631.210,00 |
-827.719,00 |
-1.718.426,00 |
|
a) Group and associated companies |
-5.451,00 |
-80.093,00 |
-644.531,00 |
|
b) Intangible assets |
-47.104,00 |
-58.241,00 |
-74.950,00 |
|
c) Tangible assets |
-510.241,00 |
-654.716,00 |
-959.447,00 |
|
e) Other financial assets |
-68.414,00 |
-34.669,00 |
-39.498,00 |
|
7. Disinvestment collections (+) |
53.174,00 |
28.185,00 |
81.796,00 |
|
a) Group and associated companies |
1.097,00 |
|
51.137,00 |
|
b) Intangible assets |
2.114,00 |
6.302,00 |
472,00 |
|
c) Tangible assets |
3.343,00 |
4.341,00 |
10.256,00 |
|
e) Other financial assets |
46.620,00 |
17.542,00 |
19.931,00 |
|
8. Cash Flow in investment activities (6 +
7) |
-578.036,00 |
-799.534,00 |
-1.636.630,00 |
|
C) CASH FLOW COMING FROM FINANCING
ACTIVITIES |
|
|
|
|
9. Net worth instruments collections and
payments |
-35.690,00 |
-117.068,00 |
-57.875,00 |
|
c) Own net worth instruments acquisition
(-) |
-35.690,00 |
-117.068,00 |
-57.875,00 |
|
10. Financial liabilities instruments
collections and payments |
50.052,00 |
27.534,00 |
1.672.863,00 |
|
a) Issue |
549.454,00 |
553.615,00 |
2.170.901,00 |
|
1. Debentures and other
negotiable values (+) |
157.758,00 |
293.068,00 |
34.243,00 |
|
2. Debts with bank
entities (+) |
384.771,00 |
260.512,00 |
1.867.724,00 |
|
3. Debts with group and
associated companies (+) |
|
35,00 |
168,00 |
|
5. Other debts (+) |
6.925,00 |
|
268.766,00 |
|
b) Return and amortization of |
-499.402,00 |
-526.081,00 |
-498.038,00 |
|
2. Debts with bank
entities (-) |
-355.431,00 |
-379.497,00 |
-484,00 |
|
3. Debts with group and
associated companies (-) |
-40,00 |
-66.449,00 |
-496.314,00 |
|
5. Other debts (-) |
-143.931,00 |
-80.135,00 |
-1.240,00 |
|
11. Payments for dividends and remunerations
of other net worth instruments |
-38.949,00 |
-28.400,00 |
-78.169,00 |
|
a) Dividends (-) |
-38.949,00 |
-28.400,00 |
-78.169,00 |
|
12. Cash Flow in financing activities (9 +
10 + 11) |
-24.587,00 |
-117.934,00 |
1.536.819,00 |
|
D) Exchange rate variations effect |
2.090,00 |
1.176,00 |
|
|
E) NET CASH OR EQUIVALENTS INCREASE /
REDUCTION (5 + 8 + 12 + D) |
-72.353,00 |
22.105,00 |
60.238,00 |
|
Cash or equivalents at the beginning of
the exercise |
130.429,00 |
108.324,00 |
48.086,00 |
|
Cash or equivalents at the end of the
exercise |
58.076,00 |
130.429,00 |
108.324,00 |
RATIOS
|
|
28/02/2011 (12) |
CHANGE % |
28/02/2010 (12) |
CHANGE % |
28/02/2009 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital (€) |
-1.262.331,00 |
5,56 |
-1.336.586,00 |
23,62 |
-1.749.883,00 |
|
Working capital ratio |
-0,10 |
9,09 |
-0,11 |
21,43 |
-0,14 |
|
Soundness Ratio |
0,59 |
5,36 |
0,56 |
1,82 |
0,55 |
|
Average Collection Period (days) |
32 |
42,86 |
23 |
1,61 |
22 |
|
Average Payment Period (days) |
104 |
0,35 |
103 |
0,35 |
103 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
69,53 |
5,33 |
66,01 |
8,73 |
60,71 |
|
Quick Ratio (%) |
1,54 |
-67,98 |
4,81 |
91,63 |
2,51 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
36,60 |
-4,11 |
38,18 |
-2,20 |
39,02 |
|
External Financing Average Cost |
0,04 |
0,00 |
0,04 |
0,00 |
0,04 |
|
Debt Service Coverage |
8,90 |
74,17 |
5,11 |
-83,09 |
30,21 |
|
Interest Coverage |
1,67 |
-20,48 |
2,10 |
-5,83 |
2,23 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
4,78 |
-42,96 |
8,38 |
502,88 |
1,38 |
|
Auto financing generated by Assets (%) |
4,11 |
-44,98 |
7,47 |
479,07 |
1,29 |
|
Breakdown Point |
1,03 |
0,00 |
1,03 |
0,00 |
1,04 |
|
Average Sales Volume per Employee |
198,17 |
8,81 |
182,12 |
0,29 |
181,61 |
|
Average Cost per Employee |
33,49 |
13,10 |
29,61 |
0,51 |
29,46 |
|
Assets Turnover |
0,86 |
-3,37 |
0,89 |
-4,30 |
0,93 |
|
Inventory Turnover (days) |
82 |
9,62 |
75 |
-5,88 |
80 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
2,38 |
-17,93 |
2,90 |
-8,81 |
3,18 |
|
Operating Profitability (%) |
5,21 |
-8,27 |
5,68 |
-2,41 |
5,82 |
|
Return on Equity (ROE) (%) |
7,01 |
0,57 |
6,97 |
-9,48 |
7,70 |
SECTORIAL ANALYSIS
Balance Sheet and Financial Balance
Figures expressed in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
BALANCE SHEET ANALYSIS: % on the total
assets |
|
|
|
|
ASSETS |
|||
|
A) NON CURRENT ASSETS |
77,57 |
84,76 |
-7,19 |
|
A) CURRENT ASSETS |
22,43 |
15,24 |
7,19 |
|
LIABILITIES |
|||
|
A) NET WORTH |
45,44 |
85,10 |
-39,66 |
|
B) NON CURRENT LIABILITIES |
22,30 |
2,83 |
19,47 |
|
C) CURRENT LIABILITIES |
32,26 |
12,07 |
20,19 |
|
|
|
|
|
Results Analytical Account
Figures given in %
|
|
COMPANY (2011) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
95,49 |
97,44 |
-1,95 |
|
Other operating income |
4,51 |
2,56 |
1,95 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-68,60 |
-68,07 |
-0,53 |
|
Variation in stocks of finished goods and
work in progress |
|
0,00 |
|
|
GROSS MARGIN |
31,40 |
31,93 |
-0,53 |
|
Other operating costs |
-9,49 |
-10,87 |
1,38 |
|
Labour cost |
-16,14 |
-13,81 |
-2,33 |
|
GROSS OPERATING RESULT |
5,77 |
7,26 |
-1,49 |
|
Amortization of fixed assets |
-3,14 |
-3,32 |
0,18 |
|
Deterioration and result for fixed assets
disposal |
0,00 |
0,22 |
-0,22 |
|
Other expenses / income |
|
0,00 |
|
|
NET OPERATING RESULT |
2,64 |
4,15 |
-1,51 |
|
Financial result |
0,92 |
-0,04 |
0,96 |
|
RESULT BEFORE TAX |
3,55 |
4,12 |
-0,57 |
|
Taxes on profits |
-0,31 |
-1,08 |
0,77 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
3,24 |
3,04 |
0,21 |
|
Exercise result coming from discontinued operations
net of taxes |
|
0,00 |
|
|
NET RESULT |
3,24 |
3,04 |
0,21 |
|
Amortization of fixed assets |
-3,14 |
-3,32 |
0,18 |
|
Deterioration and provisions variation |
-3,12 |
0,14 |
-3,26 |
|
|
9,50 |
6,21 |
3,29 |
Main Ratios
Figures given in thousands €
|
|
COMPANY (2011) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
-1.262.331,00 |
838,50 |
8.137,65 |
24.412,92 |
|
Working capital ratio |
-0,10 |
0,01 |
0,08 |
0,19 |
|
Soundness Ratio |
0,59 |
0,75 |
1,06 |
1,25 |
|
Average Collection Period (days) |
32 |
3 |
12 |
91 |
|
Average Payment Period (days) |
104 |
49 |
69 |
105 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
69,53 |
109,17 |
128,72 |
155,66 |
|
Quick Ratio (%) |
1,54 |
3,37 |
6,32 |
41,36 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
36,60 |
2,29 |
7,92 |
30,61 |
|
External Financing Average Cost |
0,04 |
0,03 |
0,04 |
0,07 |
|
Debt Service Coverage |
8,90 |
0,03 |
0,53 |
8,38 |
|
Interest Coverage |
1,67 |
1,95 |
7,54 |
39,21 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
4,78 |
1,06 |
4,76 |
7,40 |
|
Auto financing generated by Assets (%) |
4,11 |
0,99 |
8,52 |
11,49 |
|
Breakdown Point |
1,03 |
0,99 |
1,04 |
1,09 |
|
Average Sales Volume per Employee |
198,17 |
124,79 |
183,62 |
252,10 |
|
Average Cost per Employee |
33,49 |
21,66 |
25,43 |
30,52 |
|
Assets Turnover |
0,86 |
0,81 |
2,07 |
3,10 |
|
Inventory Turnover (days) |
82 |
33 |
52 |
227 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
2,38 |
-0,51 |
4,41 |
11,95 |
|
Operating Profitability (%) |
5,21 |
2,27 |
8,97 |
18,33 |
|
Return on Equity (ROE) (%) |
7,01 |
-0,14 |
7,40 |
26,22 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.88 |
|
|
1 |
Rs.86.84 |
|
Euro |
1 |
Rs.70.21 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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.