MIRA
INFORM REPORT
|
Report Date : |
06.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
EL CORTE INGLES SA |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
29.02.2012 |
|
|
|
|
Date of Incorporation : |
02.10.1952 |
|
|
|
|
Legal Form : |
Joint-stock Company |
|
|
|
|
Line of Business : |
Retail sale of industrial products |
|
|
|
|
No. of Employees : |
54.922 |
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 : |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Spain |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SPAIN - ECONOMIC OVERVIEW
spain's mixed capitalist economy is the 13th
largest in the world, and its per capita income roughly matches that of Germany
and France. However, after almost 15 years of above average GDP growth, the
Spanish economy began to slow in late 2007 and entered into a recession in the
second quarter of 2008. GDP contracted by 3.7% in 2009, ending a 16-year growth
trend, and by another 0.1% in 2010, before turning positive in 2011, making
Spain the last major economy to emerge from the global recession. The reversal
in Spain''s economic growth reflected a significant decline in construction
amid an oversupply of housing and falling consumer spending, while exports
actually have begun to grow. Government efforts to boost the economy through
stimulus spending, extended unemployment benefits, and loan guarantees did not
prevent a sharp rise in the unemployment rate, which rose from a low of about
8% in 2007 to over 20% in 2011. The government budget deficit worsened from
3.8% of GDP in 2008 to 9.2% of GDP in 2010, more than three times the euro-zone
limit. Madrid cut the deficit to 8.5% of GDP in 2011, a larger deficit than the
6% target negotiated between Spain and the EU. Spain''s large budget deficit
and poor economic growth prospects have made it vulnerable to financial
contagion from other highly-indebted euro zone members despite the
government''s efforts to cut spending, privatize industries, and boost
competitiveness through labor market reforms. Spanish banks'' high exposure to
the collapsed domestic construction and real estate market also poses a
continued risk for the sector. The government oversaw a restructuring of the
savings bank sector in 2010, and provided some $15 billion in capital to
various institutions. Investors remain concerned that Madrid may need to bail
out more troubled banks. The Bank of Spain, however, is seeking to boost
confidence in the financial sector by pressuring banks to come clean about
their losses and consolidate into stronger groups
|
Source
: CIA |
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: 914018500
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 (2012): 10.464.026.000,00 € (Own Sources)
Result: 295.843.000 €
Total
Assets: 13.125.135.000 €
Share
capital: 486.864.000,00 €
Employees: 54.922
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: 33
Other Complementary Information
Latest
filed accounts in the Mercantile Register: 2011
Latest
act published in BORME: 30/07/2012 Resignations
Latest
press article: 03/10/2012 CINCO
DIAS (BRANCHES)
Bank
Entities: There are
Rating Informa Explanation
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 |
|
30/08/2012 |
Equal |
11 |
New financial statements have
been uploaded. |
|
13/06/2012 |
Equal |
11 |
Variation in the rating system
with regards to legal incidences information. |
|
11/06/2012 |
Equal |
11 |
There has been a variation in
the affected parties of the company’s non-payments information. |
|
04/06/2012 |
Equal |
11 |
There has been a variation in
the affected parties of the company’s non-payments information. |
Summary
LEGAL
ACTIONS: 4 ( Last:23/05/2012 , first: 30/09/2011 )
|
|
|
|
|
Insolvency Proceeding: |
0 |
|
|
Civil Court: |
1 |
|
|
Labour Courts: |
3 |
|
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 |
|
23/05/2012 |
CLAIM FOR A SUM IN LABOUR
COURT |
|
|
|
03/05/2012 |
CLAIM FOR A SUM IN LABOUR
COURT |
|
|
|
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 |
63/2011 |
|
Complaint
Date |
23/05/2012 |
Record
of the claim
|
PHASE |
CLAIM
FOR A SUM IN LABOUR COURT |
|
|
Date
of the Edict: 13/06/2012 |
|
|
Source:
Published in Official Gazette of GALICIA, page 22.884 |
Plaintiffs
|
NAME |
DATE |
AMOUNT |
ENFORCEMENT
NUMBER |
|
MORILLO GOMEZ JUAN ANDRES |
23/05/2012 |
|
|
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
03/10/2012 08:10:16
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 €
|
|
29/02/2012 (12) BALANCE
SHEET |
% ASSETS |
28/02/2011 (12) BALANCE
SHEET |
% ASSETS |
28/02/2010 (12) BALANCE
SHEET |
% ASSETS |
|
ASSETS |
|
|
|
|
|
|
|
A) NON CURRENT ASSETS |
10.484.923,00 |
79,88 |
9.961.668,00 |
77,57 |
9.969.157,00 |
79,34 |
|
B) CURRENT ASSETS |
2.640.212,00 |
20,12 |
2.880.541,00 |
22,43 |
2.596.145,00 |
20,66 |
|
LIABILITIES |
|
|
|
|
|
|
|
A) NET WORTH |
5.447.080,00 |
41,50 |
5.835.779,00 |
45,44 |
5.542.303,00 |
44,11 |
|
B) NON CURRENT LIABILITIES |
3.063.591,00 |
23,34 |
2.863.558,00 |
22,30 |
3.090.268,00 |
24,59 |
|
C) CURRENT LIABILITIES |
4.614.464,00 |
35,16 |
4.142.872,00 |
32,26 |
3.932.731,00 |
31,30 |
Profit
and loss account analysis
Figures given in thousands €
|
|
29/02/2012 (12) BALANCE
SHEET |
%
NET TURNOVER |
28/02/2011 (12) BALANCE
SHEET |
%
NET TURNOVER |
28/02/2010 (12) BALANCE
SHEET |
%
NET TURNOVER |
|
SALES |
10.464.026,00 |
|
11.050.024,00 |
|
11.201.939,00 |
|
|
GROSS MARGIN |
3.477.057,00 |
33,23 |
3.633.993,00 |
32,89 |
3.611.048,00 |
32,24 |
|
EBITDA |
549.343,00 |
5,25 |
666.170,00 |
6,03 |
721.915,00 |
6,44 |
|
EBIT |
220.846,00 |
2,11 |
304.964,00 |
2,76 |
364.899,00 |
3,26 |
|
NET RESULT |
295.843,00 |
2,83 |
375.017,00 |
3,39 |
367.073,00 |
3,28 |
|
EFFECTIVE TAX RATE (%) |
-26,68 |
0,00 |
8,83 |
0,00 |
5,40 |
0,00 |
COMPARATIVE
SECTOR ANALYSIS
Values
table
Figures expressed in %
|
|
COMPANY (2012) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
BALANCE
SHEET ANALYSIS: % on the total assets |
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|||
|
A) NON CURRENT ASSETS |
79,88 |
84,76 |
-4,88 |
|
|
|
|
|
A) CURRENT ASSETS |
20,12 |
15,24 |
4,88 |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|||
|
A) NET WORTH |
41,50 |
85,10 |
-43,60 |
|
|
|
|
|
B) NON CURRENT LIABILITIES |
23,34 |
2,83 |
20,51 |
|
|
|
|
|
C) CURRENT LIABILITIES |
35,16 |
12,07 |
23,09 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMPANY (2012) |
SECTOR |
DIFFERENCE |
|
|
|
|
|
PROFIT
AND LOSS ACCOUNT ANALYSIS: % on the total operating income |
|
|
|
|
|
|
|
|
SALES |
95,32 |
97,44 |
-2,12 |
|
|
|
|
|
GROSS MARGIN |
31,67 |
31,93 |
-0,26 |
|
|
|
|
|
EBITDA |
5,00 |
7,33 |
-2,33 |
|
|
|
|
|
EBIT |
2,01 |
4,15 |
-2,14 |
|
|
|
|
|
NET RESULT |
2,69 |
3,04 |
-0,34 |
|
|
|
|
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 2012
Figures given in €
|
DISTRIBUTION
BASE |
APPLICATION
A |
||
|
Profit and Loss Account
Balance |
295.842.482,77 |
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 |
252.313.535,17 |
|
Total
of Amounts to be distributed |
295.842.482,77 |
Dividends |
43.528.947,60 |
|
|
|
Carry over and others |
0,00 |
|
|
|
Compensation of previous
exercises losses |
0,00 |
|
|
|
Application
total |
295.842.482,77 |
Auditing
Source: filing
of annual financial statement 2012
Auditors’
opinion: FAVOURABLE WITH RESERVATIONS
Auditor: DELOITTE
S.L.
Auditing
fees: 704.000,00 €
Facts subsequent to the closing
Source: Annual
financial report 2012
Como hecho de mayor relevancia ocurrido
después del cierre del ejercicio destaca la apertura del centro comercial Ronda
de Córdoba.
ADDRESSES
Current
Legal Seat Address:
CALLE HERMOSILLA, 112
28009 MADRID
Previous
Seat Address:
CALLE PRECIADOS 3
28013 MADRID
Branches
|
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: 17/07/2012) Auditor
: 2 (latest change: 22/11/2011) Operative
Board Members : 4 (latest change: 30/08/2010) Non-current
positions : 93 (latest change: 17/07/2012) |
|
|
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 €
Functional Managers
|
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 |
MERCANTILE REGISTER |
28/02/2011 |
|
|
EMPLEADOS EL CORTE INGLES |
|
2,00 |
|
01/03/1994 |
|
|
ARECES FUENTES MARIA JESUS |
|
0,71 |
MERCANTILE REGISTER |
29/02/2008 |
|
|
ARECES FUENTES CESAR CARLOS |
|
0,71 |
MERCANTILE REGISTER |
29/02/2008 |
|
|
ARECES FUENTES RAMON |
|
0,71 |
MERCANTILE REGISTER |
29/02/2008 |
|
|
ARECES FUENTES ROSARIO |
|
0,71 |
MERCANTILE REGISTER |
29/02/2008 |
|
|
LASAGA MUNARRIZ FLORENCIO |
|
Indef. |
|
01/03/1994 |
There are 15 direct
financial links through shareholders registered at INFORMA D&B, S.A.
|
|
BUSINESS
NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE
REP. |
|
|
PATRIMONIAL TRUST SL
(EXTINGUIDA) |
B80095458 |
Indef. |
MERCANTILE REGISTER |
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. |
|
|
SFERA JOVEN SA |
A83036137 |
100,00 |
OWN SOURCES |
02/08/2012 |
|
|
ASON INMOBILIARIA DE ARRIENDOS
SL |
B28371243 |
100,00 |
OWN SOURCES |
30/05/2012 |
|
|
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 |
|
|
PARINVER SA |
A80320542 |
100,00 |
ANNUAL FINANCIAL REPORTS |
29/02/2012 |
|
|
SUPERCOR SA |
A78476397 |
100,00 |
ANNUAL FINANCIAL REPORTS |
29/02/2012 |
|
|
CONSTRUCCION PROMOCIONES E
INSTALACIONES SAU |
A28436483 |
100,00 |
ANNUAL FINANCIAL REPORTS |
29/02/2012 |
There are 33 direct
financial links through participations registered at INFORMA D&B, S.A.
|
|
BUSINESS
NAME |
SHAREHOLDER |
TAX
NUMBER/COUNTRY |
% |
SOURCE |
DATE
REP. |
|
|
SFERA JOVEM S.A. - SUCURSAL EM
PORTUGAL |
SFERA JOVEN SA |
PORTUGAL |
100,00 |
OWN SOURCES |
22/02/2012 |
|
|
IZARO FILMS SA |
ASON INMOBILIARIA DE ARRIENDOS
SL |
A28276905 |
100,00 |
OWN SOURCES |
21/11/2011 |
|
|
GALLERY DA VISAO SERVICOS DE
OPTICA UNIPESSOAL LDA |
OPTICA 2000 SL |
PORTUGAL |
100,00 |
MERCANTILE REGISTER |
28/02/2011 |
|
|
VIAJES EL CORTE INGLES INC |
VIAJES EL CORTE INGLES SA |
UNITED STATES |
100,00 |
MERCANTILE REGISTER |
28/02/2011 |
You can obtain business
information of foreign companies at the page D&B INTERNATIONAL
|
|
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 SA “
|
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 |
BUSINESS INFORMATION
Incorporation
date: 02/01/1952
Establishment
date: 01/01/1940
Founder’s
Name: RAMON ARECES Y CESAR RODRIGUEZ
Activity
Informa
Code: 1650000
Informa
Activity: Retail sale of industrial products (except foodstuff)
NACE
2009 CODE: 4719
NACE
2009 Activity: Other retail sale in non-specialised
stores
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
Employees
Latest
employees figure: 54.922 (2012)
% of
fixed employees: 100,00%
% of
men: 36,94%
% of
women: 63,06%
Source: Annual
financial report 2012
|
CATEGORY |
AVERAGE
NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Distribution by sexes |
|
22.965 |
39.209 |
COMMERCIAL OPERATIONS
PURCHASES
Import
Percentage: 11%
Imports
from: U.E. Y OTROS PAÍSES
National
Distribution: 89%
SALES
National
Distribution: 100%
El 80,18% de su cifra de negocio
corresponde a ventas de la actividad comercial.
El 16,76% de su cifra de negocio
corresponde a ventas a empresas del Grupo.
El 3,06% de su cifra de negocio
corresponde a ingresos por prestación de servicios.
|
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:16.462.000,00 € Used
limit:3.146.000,00 € Available
limit:13.316.000,00 € Source:
ANNUAL FINANCIAL REPORTS (2012) |
|
|
|
|
Debt
type: Credit policy |
Granted
limit:2.775.644.000,00 € Used
limit:1.908.695.000,00 € Available
limit:866.949.000,00 € Source:
ANNUAL FINANCIAL REPORTS (2012) |
|
|
|
Brands
FORMER
NAMES:
EL CORTE INGLES SL
Brand
name: ABACO INSTITUTO DE ESTUDIOS DE MERCADO Y
OPINION (Valid)
Type: GRAPHICAL
Scope: COMMUNITARY Date: 07/06/2012
Brand
name: FR FRED & RITA (Valid)
Type: GRAPHICAL
Scope: COMMUNITARY Date: 30/05/2012
Brand
name: BOOMERANG (Valid)
Type: DENOMINATIVE
Scope: COMMUNITARY Date: 28/05/2012
Brand
name: ASEGÚRALA MOVIL SUPERSEGURO EL CORTE INGLES (Valid)
Type: GRAPHICAL
Scope: COMMUNITARY Date: 21/05/2012
Brand
name: FROST (Valid)
Type: GRAPHICAL
Scope: COMMUNITARY Date: 10/05/2012
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 MERCANTILE REGISTER)
Acts on activity: 1 (Last:
03/11/1994)
Acts on administrators: 507
(Last: 30/07/2012, 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: 26
(Last: 24/07/2012, 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. |
MERCANTILE
REGISTER |
|
Resignations |
30/07/2012 |
319287 |
Madrid |
|
Appointments |
30/07/2012 |
319286 |
Madrid |
|
Appointments |
30/07/2012 |
319285 |
Madrid |
|
Appointments |
30/07/2012 |
319284 |
Madrid |
|
Meeting notification |
24/07/2012 |
22488 |
|
|
Appointments |
07/06/2012 |
240948 |
Madrid |
|
Appointments |
07/06/2012 |
240947 |
Madrid |
|
Appointments |
07/06/2012 |
240946 |
Madrid |
|
Appointments |
07/06/2012 |
240945 |
Madrid |
|
Other concepts |
07/06/2012 |
240944 |
Madrid |
PRESS ARTICLES
Press summary
by type of information (last five years)
Legal notices: 0
Structural Data: 288 (Last:
03/10/2012, first: 06/01/2007)
Informative data: 191
(Last: 20/09/2012, first: 08/01/2007)
Financial Information: 24
(Last: 27/08/2012, first: 27/08/2007)
Negative information: 0
Business lines: 68 (Last:
28/09/2012, first: 22/02/2007)
Historical press
releases: 958 (Last: 29/12/2006, first: 15/05/1993)
Latest
press article published
03/10/2012 CINCO
DIAS (Page 12) BRANCHES
EL CORTE INGLES inaugura el 04/10/12
su nuevo centro en Zaragoza, en el que ha invertido 135 millones de euros y que
incluye la oferta conjunta de sus 2 cadenas, HIPERCOR y EL CORTE INGLES.
Ubicado en el complejo comercial y de ocio Puerto Venecia, contará con una
plantilla de 791 trabajadores.
28/09/2012 EXPANSIÓN (Page 24) MARKET
SHARE
EL CORTE INGLÉS lidera el
ránking del comercio electrónico en términos de audiencia. Según el panel de
hogar y trabajo de Nielsen, la cadena de distribución contaba en agosto con 3,7
millones de usuarios únicos, casi un 9% más respecto al mismo mes del año
anterior.
La web de EL CORTE INGLÉS
recibió durante el pasado año más de 122 millones de visitas, lo que supone un
incremento del 18,4%. Asimismo, la compañía aumentó en un 29% el número de
usuarios registrados, que ya alcanza los 3,8 millones.
20/09/2012 EXPANSIÓN
DE CATALUÑA - AGREEMENTS BETWEEN COMPANIES
El agua de mar ya se puede
comprar en los supermercados. Desde hace unos meses la joven empresa catalana
MAREVENDIS embotella y comercializa agua de mar procedente de la Costa Brava
para uso gastronómico. Bajo el nombre comercial de Mediterránea Agua de Mar, el
producto se puede adquirir en puntos de venta en España, como los de la cadena
de congelados LA SIRENA, y los supermercados de EL CORTE INGLES E HIPERCOR.
Asimismo, la compañía ha llegado a un acuerdo con la empresa de servicios de
restauración GUZMÁN GASTRONOMÍA para distribuir sus productos.
18/09/2012 EXPANSIÓN (Page 13) MARKET
SHARE
Según datos del panel de
audiencia de NIELSEN, mas de 15 millones de personas (en España hay 26,7
millones de internautas) se acercaron a portales de comercio electrónico
durante el pasado mes de julio. Con 5 millones de usuarios únicos mensuales, EL
CORTE INGLES se mantiene como líder del comercio electrónico en España.
14/09/2012 LA
GACETA (Page 22) AGREEMENTS BETWEEN COMPANIES
La empresa de gestión de
información posventa del automóvil GT AUTOMOTIVE suministrará su aplicación
informática GT Estimate.com a los centros MotorTown de toda España, la red de
talleres de EL CORTE INGLÉS e HIPERCOR.
Actualmente se realizan más de
3,5 millones de valoraciones con GT Estimate en España, y la aplicación es
utilizada por 11.500 talleres, 54 cías. y 3.100 peritos.
Complementary Information
Corporate
Social Responsibility
Esta empresa se adhirió al Pacto
Mundial el 24/06/2002. (Fuente: Red Española del Pacto Mundial de Naciones
Unidas).
Último informe de progreso
presentado: Año 2010
FINANCIAL INFORMATION
The information contained in the
Individual Filed Accounts of the current report come from own sources that have
nothing to do with the Mercantile Register.
SITUATION
BALANCE-SHEET
Assets
Figures given in thousands €
|
|
29/02/2012 (12) |
% ASSETS |
28/02/2011 (12) |
% ASSETS |
28/02/2010 (12) |
% ASSETS |
|
A)
NON CURRENT ASSETS |
10.484.923,00 |
79,88 |
9.961.668,00 |
77,57 |
9.969.157,00 |
79,34 |
|
I.
Intangible assets |
312.422,00 |
2,38 |
313.240,00 |
2,44 |
322.672,00 |
2,57 |
|
2. Concessions |
64.346,00 |
0,49 |
67.425,00 |
0,53 |
70.470,00 |
0,56 |
|
3. Patents, licences ,
trademarks and similars |
5.988,00 |
0,05 |
6.107,00 |
0,05 |
6.622,00 |
0,05 |
|
4. Goodwill |
10.688,00 |
0,08 |
10.688,00 |
0,08 |
10.688,00 |
0,09 |
|
5. Software |
231.075,00 |
1,76 |
228.391,00 |
1,78 |
234.047,00 |
1,86 |
|
7. Other intangible assets |
325,00 |
0,00 |
629,00 |
0,00 |
845,00 |
0,01 |
|
II.
Tangible fixed assets |
6.552.475,00 |
49,92 |
6.463.130,00 |
50,33 |
6.313.708,00 |
50,25 |
|
1. Property, plant and
equipment |
4.062.078,00 |
30,95 |
3.926.140,00 |
30,57 |
3.691.108,00 |
29,38 |
|
2. Technical fittings and
other tangible assets |
2.360.730,00 |
17,99 |
2.427.384,00 |
18,90 |
2.458.823,00 |
19,57 |
|
3. Fixed assets in progress
and advances |
129.667,00 |
0,99 |
109.606,00 |
0,85 |
163.777,00 |
1,30 |
|
III.
Real-estate investments |
|
|
|
|
|
|
|
IV.
Long term investments in associated and affiliated companies |
3.199.401,00 |
24,38 |
2.959.033,00 |
23,04 |
3.111.507,00 |
24,76 |
|
1. Net worth instruments |
3.006.899,00 |
22,91 |
2.945.582,00 |
22,94 |
3.103.259,00 |
24,70 |
|
2. Credits to companies |
188.451,00 |
1,44 |
10.000,00 |
0,08 |
5.000,00 |
0,04 |
|
5. Other financial assets |
4.051,00 |
0,03 |
3.451,00 |
0,03 |
3.248,00 |
0,03 |
|
V. Long
Term Financial Investments |
164.144,00 |
1,25 |
187.868,00 |
1,46 |
167.785,00 |
1,34 |
|
1. Net worth instruments |
73.245,00 |
0,56 |
94.940,00 |
0,74 |
79.199,00 |
0,63 |
|
2. Credits to third parties |
81.661,00 |
0,62 |
83.364,00 |
0,65 |
77.132,00 |
0,61 |
|
4. By-products |
|
|
1.282,00 |
0,01 |
3.340,00 |
0,03 |
|
5. Other financial assets |
9.238,00 |
0,07 |
8.282,00 |
0,06 |
8.114,00 |
0,06 |
|
VI.
Assets by deferred taxes |
256.481,00 |
1,95 |
38.397,00 |
0,30 |
53.485,00 |
0,43 |
|
VII.
Non current commercial debts |
|
|
|
|
|
|
|
B)
CURRENT ASSETS |
2.640.212,00 |
20,12 |
2.880.541,00 |
22,43 |
2.596.145,00 |
20,66 |
|
I.
Non-current assets maintained for sale |
|
|
|
|
|
|
|
II.
Stocks |
1.685.222,00 |
12,84 |
1.810.475,00 |
14,10 |
1.686.973,00 |
13,43 |
|
1. Goods available for sale |
1.675.628,00 |
12,77 |
1.799.913,00 |
14,02 |
1.677.515,00 |
13,35 |
|
2. Raw material inventory |
9.594,00 |
0,07 |
10.562,00 |
0,08 |
9.458,00 |
0,08 |
|
III.
Trade Debtors and other receivable accounts |
864.963,00 |
6,59 |
989.810,00 |
7,71 |
702.549,00 |
5,59 |
|
1. Clients |
155.184,00 |
1,18 |
146.578,00 |
1,14 |
148.419,00 |
1,18 |
|
b) Clients for sales and short
term services rendering |
155.184,00 |
1,18 |
146.578,00 |
1,14 |
148.419,00 |
1,18 |
|
2. Clients group and
associated companies |
537.072,00 |
4,09 |
665.385,00 |
5,18 |
391.849,00 |
3,12 |
|
3. Other debts |
164.427,00 |
1,25 |
166.811,00 |
1,30 |
145.721,00 |
1,16 |
|
6. Other credits with the Public
Administrations |
8.280,00 |
0,06 |
11.036,00 |
0,09 |
16.560,00 |
0,13 |
|
IV.
Short term investments in associated and affiliated companies |
6.016,00 |
0,05 |
13,00 |
0,00 |
10,00 |
0,00 |
|
2. Credits to companies |
6.016,00 |
0,05 |
13,00 |
0,00 |
10,00 |
0,00 |
|
V.
Short term financial investments |
11.199,00 |
0,09 |
5.662,00 |
0,04 |
58.754,00 |
0,47 |
|
4. By-products |
10.750,00 |
0,08 |
|
|
13.211,00 |
0,11 |
|
5. Other financial assets |
449,00 |
0,00 |
5.662,00 |
0,04 |
45.543,00 |
0,36 |
|
VI.
Short term periodifications |
14.246,00 |
0,11 |
16.505,00 |
0,13 |
17.430,00 |
0,14 |
|
VII.
Cash and equivalents |
58.566,00 |
0,45 |
58.076,00 |
0,45 |
130.429,00 |
1,04 |
|
1. Treasury |
58.566,00 |
0,45 |
58.076,00 |
0,45 |
130.429,00 |
1,04 |
|
TOTAL
ASSETS (A + B) |
13.125.135,00 |
100,00 |
12.842.209,00 |
100,00 |
12.565.302,00 |
100,00 |
Net
Worth and Liabilities
Figures given in thousands €
|
|
29/02/2012 (12) |
% ASSETS |
28/02/2011 (12) |
% ASSETS |
28/02/2010 (12) |
% ASSETS |
|
A)
NET WORTH |
5.447.080,00 |
41,50 |
5.835.779,00 |
45,44 |
5.542.303,00 |
44,11 |
|
A-1)
Equity |
5.481.328,00 |
41,76 |
5.868.854,00 |
45,70 |
5.568.476,00 |
44,32 |
|
I.
Capital |
486.864,00 |
3,71 |
486.864,00 |
3,79 |
486.864,00 |
3,87 |
|
1. Authorized capital |
486.864,00 |
3,71 |
486.864,00 |
3,79 |
486.864,00 |
3,87 |
|
II.
Issue premium |
|
|
|
|
|
|
|
III.
Reserves |
5.014.300,00 |
38,20 |
5.290.134,00 |
41,19 |
4.962.010,00 |
39,49 |
|
1. Legal and statutory |
97.373,00 |
0,74 |
97.373,00 |
0,76 |
97.373,00 |
0,77 |
|
2. Other funds |
4.916.927,00 |
37,46 |
5.192.761,00 |
40,44 |
4.864.637,00 |
38,71 |
|
IV.
(Net worth own shares and participations) |
-315.679,00 |
-2,41 |
-283.161,00 |
-2,20 |
-247.471,00 |
-1,97 |
|
V.
Results from previous years |
|
|
|
|
|
|
|
VI.
Other loans from partners |
|
|
|
|
|
|
|
VII.
Exercise Result |
295.843,00 |
2,25 |
375.017,00 |
2,92 |
367.073,00 |
2,92 |
|
VIII.
(Interim dividend) |
|
|
|
|
|
|
|
IX.
Other net worth instruments |
|
|
|
|
|
|
|
A-2)
Value changes adjustments |
-34.248,00 |
-0,26 |
-33.075,00 |
-0,26 |
-26.173,00 |
-0,21 |
|
I.
Financial assets available for sale |
-17.201,00 |
-0,13 |
-15.564,00 |
-0,12 |
-13.239,00 |
-0,11 |
|
II.
Coverage operations |
-17.047,00 |
-0,13 |
-17.511,00 |
-0,14 |
-12.934,00 |
-0,10 |
|
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 |
3.063.591,00 |
23,34 |
2.863.558,00 |
22,30 |
3.090.268,00 |
24,59 |
|
I.
Long term provisions |
66.798,00 |
0,51 |
7.638,00 |
0,06 |
7.500,00 |
0,06 |
|
4. Other provisions |
66.798,00 |
0,51 |
7.638,00 |
0,06 |
7.500,00 |
0,06 |
|
II.
Long term debts |
2.861.175,00 |
21,80 |
2.817.227,00 |
21,94 |
3.046.238,00 |
24,24 |
|
1. Debentures and other
negotiable values |
1.416.450,00 |
10,79 |
1.344.287,00 |
10,47 |
1.186.529,00 |
9,44 |
|
2. Debts with bank entities |
1.323.742,00 |
10,09 |
1.322.380,00 |
10,30 |
1.677.811,00 |
13,35 |
|
3. Financial leasing creditors |
65.665,00 |
0,50 |
28.258,00 |
0,22 |
44.130,00 |
0,35 |
|
4. By-products |
31.261,00 |
0,24 |
23.583,00 |
0,18 |
41.021,00 |
0,33 |
|
5. Other financial liabilities |
24.057,00 |
0,18 |
98.719,00 |
0,77 |
96.747,00 |
0,77 |
|
III.
Long term debts with associated and affiliated companies |
95.405,00 |
0,73 |
793,00 |
0,01 |
833,00 |
0,01 |
|
IV.
Liabilities by deferred taxes |
40.076,00 |
0,31 |
37.900,00 |
0,30 |
35.697,00 |
0,28 |
|
V.
Long term periodifications |
137,00 |
0,00 |
|
|
|
|
|
VI.
Non current trade creditors |
|
|
|
|
|
|
|
VII.
Long term debts with special characteristics |
|
|
|
|
|
|
|
C)
CURRENT LIABILITIES |
4.614.464,00 |
35,16 |
4.142.872,00 |
32,26 |
3.932.731,00 |
31,30 |
|
I.
Liabilities related with non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Short
term provisions |
|
|
|
|
2.351,00 |
0,02 |
|
III.
Short term debts |
2.036.158,00 |
15,51 |
1.538.759,00 |
11,98 |
1.296.177,00 |
10,32 |
|
2. Debts with bank entities |
1.920.532,00 |
14,63 |
1.274.134,00 |
9,92 |
893.277,00 |
7,11 |
|
3. Financial leasing creditors |
9.406,00 |
0,07 |
15.873,00 |
0,12 |
8.948,00 |
0,07 |
|
4. By-products |
1.915,00 |
0,01 |
8.498,00 |
0,07 |
16,00 |
0,00 |
|
5. Other financial liabilities |
104.305,00 |
0,79 |
240.254,00 |
1,87 |
393.936,00 |
3,14 |
|
IV. Short
term debts with associated and affiliated companies |
230.940,00 |
1,76 |
343.977,00 |
2,68 |
453.564,00 |
3,61 |
|
V.
Trade creditors and other payable accounts |
2.345.087,00 |
17,87 |
2.257.399,00 |
17,58 |
2.179.789,00 |
17,35 |
|
1. Suppliers |
1.550.785,00 |
11,82 |
1.681.162,00 |
13,09 |
1.710.499,00 |
13,61 |
|
b) Short term suppliers |
1.550.785,00 |
11,82 |
1.681.162,00 |
13,09 |
1.710.499,00 |
13,61 |
|
2. Suppliers group and
associated companies |
35.537,00 |
0,27 |
39.801,00 |
0,31 |
19.212,00 |
0,15 |
|
3. Different creditors |
24.997,00 |
0,19 |
21.527,00 |
0,17 |
39.308,00 |
0,31 |
|
4. Staff (pending
remunerations) |
475.427,00 |
3,62 |
294.040,00 |
2,29 |
310.464,00 |
2,47 |
|
5. Liabilities by current
taxes |
|
|
32.149,00 |
0,25 |
20.580,00 |
0,16 |
|
6. Other debts with Public
Administrations |
131.119,00 |
1,00 |
69.162,00 |
0,54 |
68.635,00 |
0,55 |
|
7. Clients pre-payments |
127.222,00 |
0,97 |
119.558,00 |
0,93 |
11.091,00 |
0,09 |
|
VI.
Short term periodifications |
2.279,00 |
0,02 |
2.737,00 |
0,02 |
850,00 |
0,01 |
|
VII.
Short term debts with special characteristics |
|
|
|
|
|
|
|
TOTAL
NET WORTH AND LIABILITIES (A + B + C) |
13.125.135,00 |
100,00 |
12.842.209,00 |
100,00 |
12.565.302,00 |
100,00 |
PROFIT
AND LOSS ACCOUNT
Figures given in thousands €
|
|
29/02/2012 (12) |
%OPERATING INCOME |
28/02/2011 (12) |
%OPERATING INCOME |
28/02/2010 (12) |
%OPERATING INCOME |
|
A)
CONTINUED OPERATIONS |
|
|
|
|
|
|
|
1.
Net Turnover |
10.464.026,00 |
95,32 |
11.050.024,00 |
95,49 |
11.201.939,00 |
95,60 |
|
A) Sales |
10.111.913,00 |
92,11 |
10.711.788,00 |
92,57 |
10.836.674,00 |
92,49 |
|
b) Services provided |
352.113,00 |
3,21 |
338.236,00 |
2,92 |
365.265,00 |
3,12 |
|
2.
Variation in stocks of finished goods and work in progress |
|
|
|
|
|
|
|
3.
Works for its own assets |
122.619,00 |
1,12 |
125.496,00 |
1,08 |
129.391,00 |
1,10 |
|
4.
Supplies |
-7.501.052,00 |
-68,33 |
-7.937.548,00 |
-68,60 |
-8.106.169,00 |
-69,18 |
|
a) Material consumed |
-7.404.277,00 |
-67,45 |
-7.892.477,00 |
-68,21 |
-8.052.622,00 |
-68,72 |
|
b) Raw materials consumed |
-59.916,00 |
-0,55 |
|
|
|
|
|
c) Works carried out for other
companies |
-36.859,00 |
-0,34 |
-44.596,00 |
-0,39 |
-49.255,00 |
-0,42 |
|
d) Deterioration on
merchandises, raw materials and other supplies |
|
|
-475,00 |
0,00 |
-4.292,00 |
-0,04 |
|
5.
Other operating income |
391.464,00 |
3,57 |
396.021,00 |
3,42 |
385.887,00 |
3,29 |
|
a) Other incomes |
385.283,00 |
3,51 |
390.702,00 |
3,38 |
378.835,00 |
3,23 |
|
b) Operating grants included
in the exercise result |
6.181,00 |
0,06 |
5.319,00 |
0,05 |
7.052,00 |
0,06 |
|
6.
Labour cost |
-1.801.448,00 |
-16,41 |
-1.867.594,00 |
-16,14 |
-1.821.254,00 |
-15,54 |
|
a) Wages and similar expenses |
-1.402.400,00 |
-12,77 |
-1.463.238,00 |
-12,65 |
-1.419.853,00 |
-12,12 |
|
b) Social costs |
-399.048,00 |
-3,63 |
-404.356,00 |
-3,49 |
-401.401,00 |
-3,43 |
|
7.
Other operating costs |
-1.127.992,00 |
-10,27 |
-1.098.399,00 |
-9,49 |
-1.080.455,00 |
-9,22 |
|
a) External services |
-956.403,00 |
-8,71 |
-936.161,00 |
-8,09 |
-917.616,00 |
-7,83 |
|
b) Taxes |
-60.591,00 |
-0,55 |
-56.362,00 |
-0,49 |
-52.609,00 |
-0,45 |
|
c) Losses, deterioration and
variation on business operations provisions |
-1.632,00 |
-0,01 |
2.652,00 |
0,02 |
-6.373,00 |
-0,05 |
|
d) Other day to day expenses |
-109.366,00 |
-1,00 |
-108.528,00 |
-0,94 |
-103.857,00 |
-0,89 |
|
8. Amortization
of fixed assets |
-326.888,00 |
-2,98 |
-363.406,00 |
-3,14 |
-346.446,00 |
-2,96 |
|
9.
Allocation of subventions on non financial investments and other |
|
|
|
|
|
|
|
10.
Provisions excess |
23,00 |
0,00 |
23,00 |
0,00 |
95,00 |
0,00 |
|
11.
Deterioration and result for fixed assets disposal |
94,00 |
0,00 |
347,00 |
0,00 |
1.911,00 |
0,02 |
|
b) Results for disposals and
others |
94,00 |
0,00 |
347,00 |
0,00 |
1.911,00 |
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) |
220.846,00 |
2,01 |
304.964,00 |
2,64 |
364.899,00 |
3,11 |
|
14.
Financial income |
316.088,00 |
2,88 |
421.897,00 |
3,65 |
307.551,00 |
2,62 |
|
a) From net worth instruments
participations |
312.435,00 |
2,85 |
414.739,00 |
3,58 |
304.522,00 |
2,60 |
|
a 1) On group and associated
companies |
312.382,00 |
2,85 |
414.673,00 |
3,58 |
304.481,00 |
2,60 |
|
a 2) On third parties |
53,00 |
0,00 |
66,00 |
0,00 |
41,00 |
0,00 |
|
b) From negotiable values and
other financial instruments |
3.653,00 |
0,03 |
7.158,00 |
0,06 |
3.029,00 |
0,03 |
|
b 1) From group and associated
companies |
880,00 |
0,01 |
1.015,00 |
0,01 |
745,00 |
0,01 |
|
b 2) From third parties |
2.773,00 |
0,03 |
6.143,00 |
0,05 |
2.284,00 |
0,02 |
|
15.
Financial expenses |
-215.788,00 |
-1,97 |
-182.267,00 |
-1,58 |
-173.618,00 |
-1,48 |
|
a) For debts with associated
and affiliated companies |
-13.193,00 |
-0,12 |
-17.670,00 |
-0,15 |
-21.702,00 |
-0,19 |
|
b) For debts with third
parties |
-202.595,00 |
-1,85 |
-164.597,00 |
-1,42 |
-151.916,00 |
-1,30 |
|
16.
Reasonable value variation on financial instruments |
-345,00 |
0,00 |
19.888,00 |
0,17 |
-10.424,00 |
-0,09 |
|
a) Negotiation portfolio and
others |
-345,00 |
0,00 |
1.317,00 |
0,01 |
-10.424,00 |
-0,09 |
|
b) Allocation to the exercise
result for financial assets available for sale |
|
|
18.571,00 |
0,16 |
|
|
|
17.
Exchange differences |
316,00 |
0,00 |
2.090,00 |
0,02 |
1.176,00 |
0,01 |
|
18.
Deterioration and result for disposal of financial instruments |
-87.573,00 |
-0,80 |
-155.219,00 |
-1,34 |
-101.553,00 |
-0,87 |
|
a) Deteriorations and losses |
-87.614,00 |
-0,80 |
-156.855,00 |
-1,36 |
-101.553,00 |
-0,87 |
|
b) Results for disposals and
others |
41,00 |
0,00 |
1.636,00 |
0,01 |
|
|
|
19.
Other financial income and expenses |
|
|
|
|
|
|
|
A.2)
FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
12.698,00 |
0,12 |
106.389,00 |
0,92 |
23.132,00 |
0,20 |
|
A.3)
RESULT BEFORE TAXES (A.1 + A.2) |
233.544,00 |
2,13 |
411.353,00 |
3,55 |
388.031,00 |
3,31 |
|
20.
Taxes on profits |
62.299,00 |
0,57 |
-36.336,00 |
-0,31 |
-20.958,00 |
-0,18 |
|
A.4)
EXERCISE RESULT COMING FROM CONTINUED OPERATIONS (A.3 + 20) |
295.843,00 |
2,69 |
375.017,00 |
3,24 |
367.073,00 |
3,13 |
|
B)
DISCONTINUED OPERATIONS |
|
|
|
|
|
|
|
21.
Net of taxes exercise result coming from discontinued operations |
|
|
|
|
|
|
|
A.5)
EXERCISE RESULT (A.4 + 21) |
295.843,00 |
2,69 |
375.017,00 |
3,24 |
367.073,00 |
3,13 |
NET
WORTH CHANGES STATUS
Status
of recognized income and expenses
Figures given in thousands €
|
NET WORTH
CHANGES (1/3) |
29/02/2012 (12) |
28/02/2011 (12) |
28/02/2010 (12) |
|
A)
PROFIT AND LOSS ACCOUNT RESULT |
295.843,00 |
375.017,00 |
367.073,00 |
|
INCOME
AND EXPENSES ALLOCATED DIRECTLY TO NET WORTH |
|
|
|
|
I. For
valuation of financial instruments |
-2.338,00 |
15.250,00 |
12.987,00 |
|
1. Financial assets available
for sale |
-2.338,00 |
15.250,00 |
12.987,00 |
|
II.
Cash flow coverage |
-12.268,00 |
-25.695,00 |
-8.669,00 |
|
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 |
4.382,00 |
3.134,00 |
-1.295,00 |
|
B)
TOTAL INCOME AND EXPENSES ALLOCATED DIRECTLY TO NET WORTH (I + II + III + IV
+V+VI+VII) |
-10.224,00 |
-7.311,00 |
3.023,00 |
|
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 |
12.930,00 |
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 |
-3.879,00 |
-176,00 |
-2.003,00 |
|
C)
TOTAL TRANSFERS TO THE PROFIT AND LOSS ACCOUNT (VIII + IX + X + XI+ XII+
XIII) |
9.051,00 |
409,00 |
4.672,00 |
|
TOTAL
INCOME AND EXPENSES RECOGNIZED (A + B + C) |
294.670,00 |
368.115,00 |
374.768,00 |
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 (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 |
|
I. Adjustments
by change of criteria in the exercise (2011) |
|
|
|
|
|
II.
Adjustments by errors in the exercise (2011) |
|
|
|
|
|
ADJUSTED
ACCOUNT BALANCE, BEGINNING OF EXERCISE (2012) |
486.864,00 |
5.290.134,00 |
-283.161,00 |
375.017,00 |
|
I. Total
recognized income and expenses |
|
|
|
295.843,00 |
|
II.
Operations with partners or owners |
|
331.238,00 |
-32.518,00 |
-375.017,00 |
|
5. Operations with own
participations or shares (net) |
|
|
-32.518,00 |
|
|
7. Other operations with partners
or owners |
|
331.238,00 |
|
-375.017,00 |
|
III.
Other net worth variations |
|
-607.072,00 |
|
|
|
FINAL
ACCOUNT BALANCE OF EXERCISE (2012) |
486.864,00 |
5.014.300,00 |
-315.679,00 |
295.843,00 |
|
NET
WORTH CHANGES ( 3 /3) |
VALUE
CHANGES ADJUSTMENTS |
TOTAL |
|
|
|
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 |
|
|
|
I. Adjustments
by change of criteria in the exercise (2011) |
|
|
|
|
|
II.
Adjustments by errors in the exercise (2011) |
|
|
|
|
|
ADJUSTED
ACCOUNT BALANCE, BEGINNING OF EXERCISE (2012) |
-33.075,00 |
5.835.779,00 |
|
|
|
I. Total
recognized income and expenses |
-1.173,00 |
294.670,00 |
|
|
|
II.
Operations with partners or owners |
|
-76.297,00 |
|
|
|
5. Operations with own
participations or shares (net) |
|
-32.518,00 |
|
|
|
7. Other operations with
partners or owners |
|
-43.779,00 |
|
|
|
III.
Other net worth variations |
|
-607.072,00 |
|
|
|
FINAL
ACCOUNT BALANCE OF EXERCISE (2012) |
-34.248,00 |
5.447.080,00 |
|
|
CASH
FLOW STATUS
Figures given in thousands €
|
|
29/02/2012 (12) |
28/02/2011 (12) |
28/02/2010 (12) |
|
A)
CASH FLOW COMING FROM OPERATING ACTIVITIES |
|
|
|
|
1.
exercise result before taxes |
233.544,00 |
411.353,00 |
388.031,00 |
|
2.
Results adjustments |
344.533,00 |
275.379,00 |
316.866,00 |
|
a) Amortization of fixed
assets (+) |
326.888,00 |
363.406,00 |
346.446,00 |
|
b) Value correction for
deterioration (+/-) |
87.591,00 |
156.855,00 |
101.553,00 |
|
c) Change of Provisions (+/-) |
30.460,00 |
138,00 |
|
|
e) Results for decline and
disposal of fixed assets (+/-) |
-94,00 |
-347,00 |
-1.911,00 |
|
f) Results for decline and
disposal of financial instruments (+/-) |
-41,00 |
-1.636,00 |
|
|
g) Financial income (-) |
-316.088,00 |
-421.897,00 |
-307.551,00 |
|
f) Financial expenses (+) |
215.788,00 |
182.267,00 |
173.618,00 |
|
i) Change difference (+/-) |
-316,00 |
-2.090,00 |
-1.176,00 |
|
j) Reasonable value variation
on financial instruments (+/-) |
345,00 |
-1.317,00 |
5.887,00 |
|
3. Changes
in current capital |
-190.930,00 |
-393.001,00 |
108.794,00 |
|
a) Stocks (+/-) |
-33.647,00 |
-123.502,00 |
173.934,00 |
|
b) Debtors and other
receivable accounts (+/-) |
124.847,00 |
-287.261,00 |
9.220,00 |
|
c) Other current assets (+/-) |
-9.281,00 |
54.014,00 |
-64.837,00 |
|
d) Creditors and other payable
accounts (+/-) |
-68.208,00 |
-58.388,00 |
-20.009,00 |
|
e) Other current liabilities
(+/-) |
-13.016,00 |
1.887,00 |
283,00 |
|
f) Other non-current assets
and liabilities (+/-) |
-191.625,00 |
20.249,00 |
10.203,00 |
|
4.
Other cash flow coming from operating activities |
132.448,00 |
234.449,00 |
124.706,00 |
|
a) Interests payments (-) |
-215.788,00 |
-182.267,00 |
-173.618,00 |
|
b) Dividends collections (+) |
312.435,00 |
414.739,00 |
304.522,00 |
|
c) Interests collections (+) |
3.653,00 |
7.158,00 |
3.029,00 |
|
d) Collections (payments) for
profit tax (+/-) |
32.148,00 |
-5.181,00 |
-9.227,00 |
|
5.
Cash flow coming from operating activities (1 + 2 + 3 + 4) |
519.595,00 |
528.180,00 |
938.397,00 |
|
B)
CASH FLOW COMING FROM INVESTING ACTIVITIES |
|
|
|
|
6.
Investment payments (-) |
-1.048.821,00 |
-631.210,00 |
-827.719,00 |
|
a) Group and associated
companies |
-454.370,00 |
-5.451,00 |
-80.093,00 |
|
b) Intangible assets |
-57.365,00 |
-47.104,00 |
-58.241,00 |
|
c) Tangible assets |
-537.086,00 |
-510.241,00 |
-654.716,00 |
|
e) Other financial assets |
|
-68.414,00 |
-34.669,00 |
|
7.
Disinvestment collections (+) |
23.436,00 |
53.174,00 |
28.185,00 |
|
a) Group and associated
companies |
11.388,00 |
1.097,00 |
|
|
b) Intangible assets |
1.605,00 |
2.114,00 |
6.302,00 |
|
c) Tangible assets |
3.017,00 |
3.343,00 |
4.341,00 |
|
e) Other financial assets |
7.426,00 |
46.620,00 |
17.542,00 |
|
8. Cash
Flow in investment activities (6 + 7) |
-1.025.385,00 |
-578.036,00 |
-799.534,00 |
|
C)
CASH FLOW COMING FROM FINANCING ACTIVITIES |
|
|
|
|
9.
Net worth instruments collections and payments |
-32.518,00 |
-35.690,00 |
-117.068,00 |
|
c) Own net worth instruments
acquisition (-) |
-32.518,00 |
-35.690,00 |
-117.068,00 |
|
10.
Financial liabilities instruments collections and payments |
582.606,00 |
50.052,00 |
27.534,00 |
|
a) Issue |
972.798,00 |
549.454,00 |
553.615,00 |
|
1. Debentures and other
negotiable values (+) |
72.163,00 |
157.758,00 |
293.068,00 |
|
2. Debts with bank entities
(+) |
806.023,00 |
384.771,00 |
260.512,00 |
|
3. Debts with group and
associated companies (+) |
94.612,00 |
|
35,00 |
|
5. Other debts (+) |
|
6.925,00 |
|
|
b) Return and amortization of |
-390.192,00 |
-499.402,00 |
-526.081,00 |
|
2. Debts with bank entities
(-) |
-127.323,00 |
-355.431,00 |
-379.497,00 |
|
3. Debts with group and
associated companies (-) |
-113.037,00 |
-40,00 |
-66.449,00 |
|
5. Other debts (-) |
-149.832,00 |
-143.931,00 |
-80.135,00 |
|
11.
Payments for dividends and remunerations of other net worth instruments |
-44.124,00 |
-38.949,00 |
-28.400,00 |
|
a) Dividends (-) |
-43.779,00 |
-38.949,00 |
-28.400,00 |
|
b) Other net worth instruments
remuneration (-) |
-345,00 |
|
|
|
12.
Cash Flow in financing activities (9 + 10 + 11) |
505.964,00 |
-24.587,00 |
-117.934,00 |
|
D)
Exchange rate variations effect |
316,00 |
2.090,00 |
1.176,00 |
|
E) NET
CASH OR EQUIVALENTS INCREASE / REDUCTION (5 + 8 + 12 + D) |
490,00 |
-72.353,00 |
22.105,00 |
|
Cash
or equivalents at the beginning of the exercise |
58.076,00 |
130.429,00 |
108.324,00 |
|
Cash
or equivalents at the end of the exercise |
58.566,00 |
58.076,00 |
130.429,00 |
RATIOS
|
|
29/02/2012 (12) |
CHANGE
% |
28/02/2011 (12) |
CHANGE
% |
28/02/2010 (12) |
|
BALANCE
RATIOS |
|||||
|
Working Capital (€) |
-1.974.252,00 |
-56,40 |
-1.262.331,00 |
5,56 |
-1.336.586,00 |
|
Working capital ratio |
-0,15 |
-50,00 |
-0,10 |
9,09 |
-0,11 |
|
Soundness Ratio |
0,52 |
-11,86 |
0,59 |
5,36 |
0,56 |
|
Average Collection Period
(days) |
30 |
-7,78 |
32 |
42,86 |
23 |
|
Average Payment Period (days) |
108 |
3,82 |
104 |
0,35 |
103 |
|
LIQUIDITY
RATIOS |
|||||
|
Current Ratio (%) |
57,22 |
-17,70 |
69,53 |
5,33 |
66,01 |
|
Quick Ratio (%) |
1,51 |
-1,95 |
1,54 |
-67,98 |
4,81 |
|
DEBT
RATIOS |
|||||
|
Borrowing percentage (%) |
39,80 |
8,74 |
36,60 |
-4,11 |
38,18 |
|
External Financing Average
Cost |
0,04 |
0,00 |
0,04 |
0,00 |
0,04 |
|
Debt Service Coverage |
10,05 |
12,92 |
8,90 |
74,17 |
5,11 |
|
Interest Coverage |
1,02 |
-38,92 |
1,67 |
-20,48 |
2,10 |
|
GENERAL
AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by
sales (%) |
4,97 |
3,97 |
4,78 |
-42,96 |
8,38 |
|
Auto financing generated by
Assets (%) |
3,96 |
-3,65 |
4,11 |
-44,98 |
7,47 |
|
Breakdown Point |
1,02 |
-0,97 |
1,03 |
0,00 |
1,03 |
|
Average Sales Volume per
Employee |
190,52 |
-3,86 |
198,17 |
8,81 |
182,12 |
|
Average Cost per Employee |
32,80 |
-2,06 |
33,49 |
13,10 |
29,61 |
|
Assets Turnover |
0,80 |
-6,98 |
0,86 |
-3,37 |
0,89 |
|
Inventory Turnover (days) |
81 |
-1,32 |
82 |
9,62 |
75 |
|
RESULTS
RATIOS |
|||||
|
Return on Assets (ROA) (%) |
1,68 |
-29,41 |
2,38 |
-17,93 |
2,90 |
|
Operating Profitability (%) |
4,17 |
-19,96 |
5,21 |
-8,27 |
5,68 |
|
Return on Equity (ROE) (%) |
4,26 |
-39,23 |
7,01 |
0,57 |
6,97 |
SECTORIAL
ANALYSIS
Balance
Sheet and Financial Balance
Figures expressed in %
|
|
COMPANY (2012) |
SECTOR |
DIFFERENCE |
|
BALANCE
SHEET ANALYSIS: % on the total assets |
|
|
|
|
ASSETS |
|||
|
A) NON CURRENT ASSETS |
79,88 |
84,76 |
-4,88 |
|
A) CURRENT ASSETS |
20,12 |
15,24 |
4,88 |
|
LIABILITIES |
|||
|
A) NET WORTH |
41,50 |
85,10 |
-43,60 |
|
B) NON CURRENT LIABILITIES |
23,34 |
2,83 |
20,51 |
|
C) CURRENT LIABILITIES |
35,16 |
12,07 |
23,09 |
|
|
|
|
|
Results
Analytical Account
Figures given in %
|
|
COMPANY (2012) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
95,32 |
97,44 |
-2,12 |
|
Other operating income |
4,68 |
2,56 |
2,12 |
|
OPERATING
INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-68,33 |
-68,07 |
-0,26 |
|
Variation in stocks of
finished goods and work in progress |
|
0,00 |
|
|
GROSS
MARGIN |
31,67 |
31,93 |
-0,26 |
|
Other operating costs |
-10,27 |
-10,87 |
0,60 |
|
Labour cost |
-16,41 |
-13,81 |
-2,60 |
|
GROSS
OPERATING RESULT |
4,99 |
7,26 |
-2,27 |
|
Amortization of fixed assets |
-2,98 |
-3,32 |
0,34 |
|
Deterioration and result for
fixed assets disposal |
0,00 |
0,22 |
-0,22 |
|
Other expenses / income |
|
0,00 |
|
|
NET
OPERATING RESULT |
2,01 |
4,15 |
-2,14 |
|
Financial result |
0,12 |
-0,04 |
0,16 |
|
RESULT
BEFORE TAX |
2,13 |
4,12 |
-1,99 |
|
Taxes on profits |
0,57 |
-1,08 |
1,65 |
|
RESULT
COMING FROM CONTINUED OPERATIONS |
2,69 |
3,04 |
-0,35 |
|
Exercise result coming from
discontinued operations net of taxes |
|
0,00 |
|
|
NET
RESULT |
2,69 |
3,04 |
-0,35 |
|
Amortization of fixed assets |
-2,98 |
-3,32 |
0,34 |
|
Deterioration and provisions
variation |
-2,99 |
0,14 |
-3,13 |
|
|
8,66 |
6,21 |
2,45 |
Main
Ratios
Figures given in thousands
€
|
|
COMPANY (2012) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE
RATIOS |
|
|
|
|
|
Working Capital (€) |
-1.974.252,00 |
838,50 |
8.137,65 |
24.412,92 |
|
Working capital ratio |
-0,15 |
0,01 |
0,08 |
0,19 |
|
Soundness Ratio |
0,52 |
0,75 |
1,06 |
1,25 |
|
Average Collection Period
(days) |
30 |
3 |
12 |
91 |
|
Average Payment Period (days) |
108 |
49 |
69 |
105 |
|
LIQUIDITY
RATIOS |
|
|
|
|
|
Current Ratio (%) |
57,22 |
109,17 |
128,72 |
155,66 |
|
Quick Ratio (%) |
1,51 |
3,37 |
6,32 |
41,36 |
|
DEBT
RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
39,80 |
2,29 |
7,92 |
30,61 |
|
External Financing Average
Cost |
0,04 |
0,03 |
0,04 |
0,07 |
|
Debt Service Coverage |
10,05 |
0,03 |
0,53 |
8,38 |
|
Interest Coverage |
1,02 |
1,95 |
7,54 |
39,21 |
|
GENERAL
AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by
sales (%) |
4,97 |
1,06 |
4,76 |
7,40 |
|
Auto financing generated by
Assets (%) |
3,96 |
0,99 |
8,52 |
11,49 |
|
Breakdown Point |
1,02 |
0,99 |
1,04 |
1,09 |
|
Average Sales Volume per
Employee |
190,52 |
124,79 |
183,62 |
252,10 |
|
Average Cost per Employee |
32,80 |
21,66 |
25,43 |
30,52 |
|
Assets Turnover |
0,80 |
0,81 |
2,07 |
3,10 |
|
Inventory Turnover (days) |
81 |
33 |
52 |
227 |
|
RESULTS
RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
1,68 |
-0,51 |
4,41 |
11,95 |
|
Operating Profitability (%) |
4,17 |
2,27 |
8,97 |
18,33 |
|
Return on Equity (ROE) (%) |
4,26 |
-0,14 |
7,40 |
26,22 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.61 |
|
|
1 |
Rs.83.57 |
|
Euro |
1 |
Rs.67.17 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.