MIRA INFORM REPORT

 

 

 

 

Report Date :

13.12.2013

 

IDENTIFICATION DETAILS

 

Name :

HERBA RICEMILLS SL

 

 

Registered Office :

Calle Real, 43 41920 San Juan De Aznalfarache Seville 

 

 

Country :

Spain

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

01.01.1911

 

 

Legal Form :

Sole-partnered Limited Liability Company

 

 

Line of Business :

Manufacture of grain mill products

 

 

No. of Employees :

548

 

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

(31.03.2011)

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

Company name

 

HERBA RICEMILLS SL

CIF/NIF: B83157024

Company situation: Active

 

 

EXECUTIVE SUMMARY

   

Identification

Current Business Name: HERBA RICEMILLS SL

Commercial name: SOS

Other names:  YES

Current Address:  CALLE REAL, 43

41920 SAN JUAN DE AZNALFARACHE SEVILLE 

Branches:  13

Telephone number: 954589200 Fax: 954760260

URL:  www.herba.es 

Corporate e-mail:  correo@herba.es

 Trade Risk

Incidents:  YES

 Financial Information

Balance sheet latest sales (2011): 329.947.970,00 € (Mercantile Register)

Result: 14.941.786 €

Total Assets: 322.482.596 €

Share capital:  10.000.000,00 €

Employees:  548

Listed on a Stock Exchange: NO

 

 Commercial Information

Incorporation date:  04/12/2001

Activity:  Mfg. of other grain mill products

NACE 2009 CODE: 1061

International Operations:  Imports and Exports

 

 Corporate Structure

President: 

 HERNANDEZ CALLEJAS, FELIX

Parent Company: 

 EBRO FOODS, SA

Participations:  10

 Other Complementary Information

Latest act published in BORME:  27/09/2012 Appointments

Latest press article:  15/03/2010 EL CORREO DE ANDALUCIA (MARKET SHARE)

Bank Entities:  There are

 

 Financial situation

Exercise:2011

 

 

Immediate liquidity

Degraded

 

Indebtedness

Slight

 

Profitability

Good

 

Soundness

Good

 

 

Performance

Incidents

None or Negligible

Business Trajectory

Excellent

 

Rating Explanation

Financial situation

•          The company’s financial situation is normal.

•          The sales evolution has been  positive  not the results one, which has been  negative.

•          The auditor’s opinion about the latest accounts has been favourable.

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 positive.

Performance and Incidences

•          The available information indicates that the company does not have payment incidences.

•          He have detected no 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

30/11/2012

  Reduction

12

•          There has been a change in the formula version.

 

25/09/2012

  Reduction

15

•          New financial statements have been uploaded.

 

21/12/2011

  Equal

16

•          There has been a variation in the risk associated to the activity sector of the company.

 

20/12/2011

  Increase

16

•          New financial statements have been uploaded.

 

 

  INCIDENTS

 

 Summary

LEGAL ACTIONS: No legal actions registered

ADMINISTRATIVE CLAIMS: 3  ( Last:27/12/2010 , first: 27/12/2010 )

 

 

 

With the Social Security:

3

 

With the Tax Authorities:

0

 

With Other Official bodies:

0

 

AFFECTED BY: No significant element.

  Latest Administrative Claims

figures expressed in €

WITH THE SOCIAL SECURITY.

Notifications

DATE

ORGANIZATION

AMOUNT

27/12/2010

CENTRAL TREASURY FOR SOCIAL SECURITY DIRECCION PROVINCIAL DE TRABAJO Y SEGURIDAD SOCIAL

444,79

27/12/2010

CENTRAL TREASURY FOR SOCIAL SECURITY DIRECCION PROVINCIAL DE TRABAJO Y SEGURIDAD SOCIAL

1.500,12

27/12/2010

CENTRAL TREASURY FOR SOCIAL SECURITY DIRECCION PROVINCIAL DE TRABAJO Y SEGURIDAD SOCIAL

1.619,38

 

FINANCIAL ELEMENTS AND SECTORIAL COMPARATIVE

  

FINANCIAL ELEMENTS

 

Balance-sheet analysis

Figures given in €

 

31/12/2011

(12)

 

%

ASSETS

 

31/12/2010

(12)

 

%

ASSETS

 

31/12/2009

(12)

 

%

ASSETS

 

ASSETS

 

 

 

 

 

 

A) NON CURRENT ASSETS

158.715.868,00

49,22

74.341.729,00

33,26

71.417.716,00

38,40

B) CURRENT ASSETS

163.766.728,00

50,78

149.176.269,00

66,74

114.572.140,00

61,60

LIABILITIES

 

 

 

 

 

 

A) NET WORTH

193.446.274,00

59,99

94.559.499,00

42,31

78.630.563,00

42,28

B) NON CURRENT LIABILITIES

3.114.940,00

0,97

1.500.468,00

0,67

1.788.558,00

0,96

C) CURRENT LIABILITIES

125.921.382,00

39,05

127.458.031,00

57,02

105.570.735,00

56,76

 

 

 

 

 

 

  A) NON CURRENT ASSETS

  B) CURRENT ASSETS

 

  A) NET WORTH

  B) NON CURRENT LIABILITIES

  C) CURRENT LIABILITIES

 

 

 

Balance Sheet Comments

Total assets of the company  grew in 44,28%  between 2.010 and 2.011.

This growth is a consequence of non current assets increase in 113,49%.

This growth has been financed, on a wider scale, with a Net Worth increase of 104,58% and in a smaller proportion with an debt increase of 0,06%.

Total assets of the company  grew in 20,18%  between 2.009 and 2.010.

This growth has been inferior in the case of the non current assets that increased just in  4,09%.

This growth has been financed, on a wider scale, with a Net Worth increase of 20,26% and in a smaller proportion with an debt increase of 20,12%.

 

Profit and loss account analysis

Figures given in €

 

31/12/2011

(12)

 

% NET TURNOVER

31/12/2010

(12)

 

% NET TURNOVER

31/12/2009

(12)

 

% NET TURNOVER

SALES

329.947.970,00

 

279.442.774,00

 

272.478.766,00

 

GROSS MARGIN

84.522.434,00

25,62

68.519.645,00

24,52

54.274.123,00

19,92

EBITDA

28.866.939,00

8,75

26.321.196,00

9,42

9.098.649,00

3,34

EBIT

22.943.388,00

6,95

20.798.105,00

7,44

2.777.681,00

1,02

NET RESULT

14.941.786,00

4,53

16.443.662,00

5,88

948.743,00

0,35

EFFECTIVE TAX RATE (%)

31,51

0,00

21,98

0,00

20,66

0,00

 Profit and Loss Account Comments

The company’s sales figure  grew in 18,07% between 2.010 and 2.011.

The company’s EBIT  grew in 10,31% between 2.010 and 2.011.

This evolution implies a reduction in the company’s economic profitability .

The result of these variations is a decrease of the company’s Operating Profitability of 47,30% in the analysed period, being this profitability of 8,68% in the year 2.011.

The Net Result of the company  decreased in 9,13% between 2.010 and 2.011.

The company’s Financial Profitability has been negatively affected by the financial activities in comparison with EBITs behaviour .

The result of these variations is a reduction of the company’s economic profitability of 49,93% in the analysed period, being equal to 11,35% in the year 2.011 .

The company’s sales figure  grew in 2,56% between 2.009 and 2.010.

The company’s EBIT  grew in 648,76% between 2.009 and 2.010.

This evolution implies an increase in the company’s economic profitability .

The result of these variations is an increase of the company’s Economic Profitability of 180,58% in the analysed period, being equal to 16,47% in the year 2.010.

The Net Result of the company  grew in 1.633,21% between 2.009 and 2.010.

The company’s Financial Profitability has been positively affected by the financial activities in comparison with EBITs behaviour .

The result of these variations is an increase of the company’s Economic Profitability of 1.353,21% in the analysed period, being equal to 22,67% in the year 2.010 .

COMPARATIVE SECTOR ANALYSIS

 

 Values table

Figures expressed in %

 

COMPANY

(2011)

 

SECTOR

DIFFERENCE

BALANCE SHEET ANALYSIS: % on the total assets

 

 

 

ASSETS

A) NON CURRENT ASSETS

49,22

38,89

10,33

A) CURRENT ASSETS

50,78

61,11

-10,33

LIABILITIES

A) NET WORTH

59,99

42,72

17,27

B) NON CURRENT LIABILITIES

0,97

12,35

-11,38

C) CURRENT LIABILITIES

39,05

44,93

-5,88

 

 

 

 

 

COMPANY

(2011)

 

SECTOR

DIFFERENCE

PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total operating income

 

 

 

SALES

99,36

99,55

-0,19

GROSS MARGIN

25,45

23,78

1,67

EBITDA

8,69

6,86

1,83

EBIT

6,91

4,04

2,87

NET RESULT

4,50

3,00

1,50

 

Sector Composition

Compared sector (NACE 2009): 1061

Number of companies: 7

Size (sales figure): > 40,000,000.00 Euros

 

Comments on the sectorial comparative

Compared to its sector the assets of the companies show  a greater proportion of non current assets. Specifically the difference with the sector average is 10,33% .

In liabilities composition the company turns to on a wider scale to self financing, being the proportion of Net Worth of 17,27% major. As a consequence, external financing sources are less used by the company ( 17,27% less than the sector) .

The proportion that the sales mean to the company’s total ordinary income is 99,36% , an 0,19% lower than in the sector .

The company’s EBIT was positive and was 6,91% with regard to the total ordinary income, 2,87% superior to the one of the sector .

The company’s capacity to generate operating income is superior to that of the sector as its ratio EBIT/Sales is greater. (0,07 in comparison with 0,04) .

The company’s net result was positive and equal to 4,50% with regard to the total ordinary income, 1,50% superior to the one of the sector .

The financial results and the tax impact have had a negative impact on the net result of the company with a worse behaviour that the one of the sector .

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

14.941.786,00

Legal Reserve

200.000,00

Carry over

0,00

Goodwill reserve

747.089,00

Voluntary reserves

22.239.008,00

Special reserves

0,00

Other reserves disposable at will

0,00

Voluntary reserves

36.233.705,00

Total of Amounts to be distributed

37.180.794,00

Dividends

0,00

 

 

Carry over and others

0,00

 

 

Compensation of previous exercises losses

0,00

 

 

Application total

37.180.794,00

 Auditing

Source: filing of annual financial statement 2011

Auditors’ opinion: FAVOURABLE

Auditor: DELOITTE S.L.

Auditor emphasis: 

Without affecting our audit opinion, we draw attention to what is stated in note 23 of the attached report in detail the balances and transactions by the Company with other companies Ebro Foods Group to which it belongs (see note 1). Given the importance of these amounts, any interpretation or analysis of the accompanying financial statements should be done considering the circumstances.

Auditing fees: 81.958,00 €

 

Facts subsequent to the closing

Source: Annual financial report 2011

Subsequent to year end to society has come to take the business to the subsidiary was developing Herba Group SLU Nutrition passing, from January 2012 the person of that company to join the staff of Herba Ricemills. SLU. 

 

 

ADDRESSES

  

 Business address

Current Legal Seat Address: 

CALLE REAL, 43

41920 SAN JUAN DE AZNALFARACHE  SEVILLE

Previous Seat Address: 

PASEO CASTELLANA 20

28046 MADRID

 

Characteristics of the current address

Type of establishment: store

 

 Branches

STREET

POSTAL CODE

TOWN

PROVINCE

AVENIDA DE EUROPA

11405

JEREZ DE LA FRONTERA

Cádiz

CALLE LAGASCA, 88

28001

MADRID

Madrid

PLAZA DE SEVILLA

41100

CORIA DEL RIO

Seville

AVENIDA LA RAZA

41012

SEVILLA

Seville

CALLE MANUEL RIVERA, 43

41920

SAN JUAN DE AZNALFARACHE

Seville

AVENIDA RAFAEL BECA

41140

ISLA MAYOR

Seville

LUGAR SECCION II MARISMAS, S/N

41730

LAS CABEZAS DE SAN JUAN

Seville

CALLE D’AMPOSTA, 13

43500

TORTOSA

Tarragona

CALLE DE VALENCIA, S/N

43500

TORTOSA

Tarragona

CALLE DISSEMINATS, S/N

43580

DELTEBRE

Tarragona

 

 

CORPORATE STRUCTURE

  

ADMINISTRATIVE LINKS

 

 Summary

 

 

 

 

Distribution of the administration board

 

Governing body : 7 members (latest change: 15/02/2011)

Other Positions : 22 (latest change: 17/09/2012)

Auditor : 1 (latest change: 09/09/2009)

Operative Board Members : 3 (latest change: 14/04/2010)

Non-current positions : 25 (latest change: 12/06/2012)

 

 

  Men (100%)

 

 Main Board members, Directors and Auditor

Governing body

POSITION

NAME AND SURNAME

DATE 

APPOINTMENT

PRESIDENT

HERNANDEZ CALLEJAS, FELIX

23/04/2008

MANAGING DIRECTOR

PEREZ ALVAREZ, MIGUEL ANGEL

28/05/2009

MEMBER OF THE BOARD

ALBENDEA SOLIS, PABLO

15/02/2011

SECRETARY

LOPEZ DE CARRIZOSA MORENO, FERNANDO

28/05/2009

 

 

 

Auditor

POSITION

NAME AND SURNAME

DATE 

APPOINTMENT

AUDITOR

DELOITTE SL

09/09/2009

Board members remuneration

       Source: Annual financial report 2011

        Board members remuneration: 677.082,00 €

 Functional Managers

POSITION

NAME AND SURNAME

General Manager

HERNANDEZ CALLEJAS, FELIX

Financial Manager

FACES GARCIA, JESUS

Commercial Director

JURADO TORO, MANUEL

 

 

FINANCIAL LINKS

 

 Shareholders

 

BUSINESS NAME

TAX NUMBER/COUNTRY

%

SOURCE

DATE REP.

 

EBRO FOODS, SA

A47412333

100,00

MERCANTILE REGISTER

31/12/2011

 

Participations

 

 

BUSINESS NAME

TAX NUMBER/COUNTRY

%

SOURCE

DATE REP.

 

EURODAIRY SL

B61605580

100,00

OWN SOURCES

25/06/2012

 

FORMALAC SL

B18203422

100,00

MERCANTILE REGISTER

31/12/2011

 

HERBA TRADING SL

B18203356

100,00

MERCANTILE REGISTER

31/12/2011

 

YOFRES SL

B18203331

100,00

MERCANTILE REGISTER

31/12/2011

 

VITASAN SL

B18203414

100,00

MERCANTILE REGISTER

31/12/2011

 

PRONATUR SL

B18237826

100,00

MERCANTILE REGISTER

31/12/2011

Company with rating inferior to 7

 

 

BUSINESS INFORMATION

  

 Constitution

Incorporation date: 04/12/2001

 Origin / Establishment

Establishment date: 01/01/1911

Founder’s Name: POR D.ANTONIO HERNANDEZ VILLAR.

 Activity

Code: 1417200

Activity: Mfg. ofother grain mill products

NACE 2009 CODE: 1061

NACE 2009 Activity: Manufacture of grain mill products

Business: PRODUCTION AND WHOLESALE AND RETAIL, import, export and distribution of rice of all kinds and ALL KINDS OF PRODUCTS INTENDED FOR HUMAN OR ANIMAL.

Environmental information: YES (Page 85 - 86)  Annual financial report 2011

 Employees

Latest employees figure: 548 (2011)

% of fixed employees: 81,93%

% of temporary employees: 18,07%

% of men: 88,87%

% of women: 11,13%

 Employees evolution

 

 

 

 Employees distribution

Source: Annual financial report 2011

CATEGORY

AVERAGE NUMBER OF EMPLOYEES

MEN

WOMEN

Distribution by sexes

 

487

61

 COMMERCIAL OPERATIONS

PURCHASES

Import Percentage: 18%

Imports from: U.E. Y OTROS PAISES

National Distribution: 82%

SALES

Export Percentage: 60%

Exports to: U.E., EE.UU Y OTROS PAISES

National Distribution: 40%

 

SUPPLIERS

BUSINESS NAME

INTERNATIONAL

EBRO FOODS SA

NO

CLIENTS

BUSINESS NAME

INTERNATIONAL

EBRO FOODS SA

NO

 

 Sales breakdown

•          El 94,06% de su cifra de negocio corresponde a actividad arrocera.

•          El 5,67% de su cifra de negocio corresponde a otras actividades.

•          El 0,27% de su cifra de negocio corresponde a actividad pastas.

 Professional and advertising services

Source: Annual financial report 2011

       Professional services expenses: 6.411.395,00 €

       Advertising services expenses: 156.021,00 €

 Banks

ENTITY

BRANCH

ADDRESS

TOWN OR CITY

PROVINCE

BANCO SANTANDER, S.A.

 

 

SEVILLA

 

BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

 

 

SEVILLA

 

 

 Summary of bank operations

Discount facilities: 0

Credit policy: 2

Mortgage loan: 0

Loans with no real security: 0

 Bank operations

 

 

 Debt type:Credit policy

 Interest type: EURIBOR + 2.46%

Granted limit:75.400.000,00 €

 Used limit:24.167.571,00 €

 Available limit:51.232.429,00 €

 Source: Filed Accounts (2011)

 

 

 Debt type: Credit policy

Granted limit:109.318.000,00 €

 Used limit:14.827.000,00 €

 Available limit:94.491.000,00 €

 Source: Filed Accounts (2011)

 

 

 Grants

 

 

Body-entity: MINISTERIO DE ECOMONIA

 Grant type: Other grants (grouped amounts or not classified)

 

Nominal amount: 772.661,00 €

 Amount received in the exercise: 55.498,00 €

 Amount pending collection: 0,00 €

 Source: Filed Accounts (2011)

Operation description: incentivos regionales SE/056/P08

 

 

Body-entity: JUNTA DE ANDALUCIA

 Grant type: Other grants (grouped amounts or not classified)

 

Nominal amount: 1.612.394,00 €

 Amount received in the exercise: 114.982,00 €

 Amount pending collection: 0,00 €

 Source: Filed Accounts (2011)

Operation description: Manipulación, transf. y comercialización de productos agrarios y alimentarios.

 

 

Body-entity: JUNTA DE ANDALUCIA

 Grant type: Other grants (grouped amounts or not classified)

 

Nominal amount: 1.011.085,00 €

 Amount received in the exercise: 101.109,00 €

 Amount pending collection: 129.755,00 €

 Source: Filed Accounts (2011)

Operation description: Transf. y comercialización de productos agroalimentarios.

 

 

 

Brands

Brand name: ARROZ SOS INTEGRAL TRADICIONAL SI ES SOS, ES BUENO (Valid)

Type: JOINT    Scope: NATIONAL    Date: 04/10/2012

Brand name: ARROZ SOS ESPECIAL CALDOSOS Y MELOSOS SI ES SOS, ES BUENO (Valid)

Type: JOINT    Scope: NATIONAL    Date: 03/10/2012

Brand name: ARROZ SOS ESPECIAL POSTRES SI ES SOS, ES BUENO (Valid)

Type: JOINT    Scope: NATIONAL    Date: 03/10/2012

Brand name: ARROZ SOS ESPECIAL ENSALADAS Y GUARNICIONES SI ES SOS, ES BUENO (Valid)

Type: JOINT    Scope: NATIONAL    Date: 03/10/2012

Brand name: SOS LISTO EXTRA (Valid)

Type: DENOMINATIVE    Scope: NATIONAL    Date: 05/11/2009

 

LEGAL STRUCTURE

  

 Constitution Data

Register Date: 04/12/2001

Register town: Madrid

Announcement number: 13995

Share capital: 3.006 €

 Current structure data

Legal form: Sole-partnered Limited Liability Company

Share capital: 10.000.000,00 €

 

 Legal Aspects

Obligation to fill in Financial Statements: YES

Chamber census: YES (2011)

 

B.O.R.M.E. (OFFICIAL GAZETTE OF THE MERCANTILE REGISTER)

 

Summary

  Acts on activity: 0

  Acts on administrators: 54 (Last: 27/09/2012, first: 10/01/2002)

  Acts on capital: 2 (Last: 29/11/2011, first: 26/09/2003)

  Acts on creation: 1 (Last: 10/01/2002)

  Acts on filed accounts: 10 (Last: 21/12/2011, first: 21/08/2002)

  Acts on identification: 2 (Last: 20/07/2006, first: 27/01/2006)

  Acts on Information: 11 (Last: 14/12/2011, first: 04/12/2002)

 Latest acts in B.O.R.M.E.

Other acts

ACT

DATE

NOTICE NUM.

MERCANTILE REGISTER

Appointments

27/09/2012

397356

Seville

Re-elections

26/09/2012

395115

Seville

Appointments

30/07/2012

320101

Seville

Resignations

27/06/2012

271948

Seville

Annual Filed Accounts (2010)

21/12/2011

991962

Seville

Appointments

14/12/2011

497003

Seville

Modification of the Articles of Association

14/12/2011

497002

Seville

Modification of the Articles of Association

29/11/2011

477810

Seville

Capital enlargement (IA)

29/11/2011

477810

Seville

Resignations

14/09/2011

371352

Seville

 

PRESS ARTICLES

 

 Press summary by type of information (last five years)

Legal notices: 0

Structural Data: 0

Informative data: 1 (Last: 03/03/2008)

Financial Information: 0

Negative information: 0

Business lines: 1 (Last: 15/03/2010)

Historical press releases: 8 (Last: 05/06/2006, first: 26/06/2002)

 Latest press article published

 15/03/2010 EL CORREO DE ANDALUCIA - MARKET SHARE

EBRO PULEVA, and specifically its rice division, Herba Ricemills markets the 58.3% of the national quota, a percentage that can be seen WIDELY increased in the future if it manages to capture the rice division of the group SOS, which aims precisely GET RID OF THIS AND ALL BUSINESS THAN VEGETABLE OILS. IN PARTICULAR, this acquisition would enable win ALMOST 70% of the traded volume SPANISH COMPANIES BY SECTOR AS SOS has a share that exceeds 11%. ALSO, THE SEVEN MAJOR MEET THE PACKAGING 90% of the total market and export SPANISH is dominated by HERBA, with 70%.

 

 03/03/2008 EL CORREO DE ANDALUCIA - GENERAL INFORMATION

RICE BRANCH EBRO PULEVA, HERBA, based in San Juan de Aznalfarache, addressed the 2006 MARKETS EASTERN EUROPE AND RECENTLY HAS CLOSED CIRCLE OF INFLUENCE IN THE AREA WITH OPENING sales offices in Romania and Ukraine, joining For those of Poland, Czech Republic and Hungary. HERBA RICE IS THE FIRST INTERNATIONAL PRESENCE WITH INDUSTRIAL AND COMMERCIAL twenty countries. RICE GROUP DIVISION LAST YEAR ARROJO sales of 771.13 MM. EUROS, after growing by 10.7% over 2006. 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.62

UK Pound

1

Rs.100.84

Euro

1

Rs.84.98

 

 

INFORMATION DETAILS

 

Report Prepared by :

NNA

 

 

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