MIRA INFORM REPORT

Report Date :

20.11.2013

IDENTIFICATION DETAILS

Name :	SOCIEDAD ESPAÑOLA DE MONTAJES INDUSTRIALES SA

Registered Office :	Manzanares, 4 - Madrid - 28005 – Madrid

Country :	Spain

Financials (as on) :	31.12.2012

Date of Incorporation :	18.05.1923

Legal Form :	Public Limited Company

Line of Business :	Subject is the parent company of the group Semi, which at the same time belongs to the group of construction and services called ACS. The brands it used are: -SEMI

No. of Employees :	1770

RATING & COMMENTS

MIRA’s Rating :

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 – March 31^st, 2013

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

Spain

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

SPAIN - ECONOMIC OVERVIEW

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 0.3% in 2010; GDP expanded 0.4% in 2011, before contracting 1.4% in 2012. The economy has once again fallen into recession as deleveraging in the private sector, fiscal consolidation, and continued high unemployment weigh on domestic demand and investment, even as exports have shown signs of resiliency. The unemployment rate rose from a low of about 8% in 2007 to 26.0% in 2012. The economic downturn has also hurt Spain's public finances. The government budget deficit peaked at 11.2% of GDP in 2010 and the process to reduce this imbalance has been slow despite the central government's efforts to raise new tax revenue and cut spending. Spain reduced its budget deficit to 9.4% of GDP in 2011, and roughly 7.4% of GDP in 2012, above the 6.3% target negotiated between Spain and the EU. Although Spain''s large budget deficit and poor economic growth prospects remain a source of concern for foreign investors, the government''s ongoing efforts to cut spending and introduce flexibility into the labor markets are intended to assuage these concerns. The government is also taking steps to shore up the banking system, namely by using up to $130 billion in EU funds to recapitalize struggling banks exposed to the collapsed domestic construction and real estate sectors

Source : CIA

EXECUTIVE SUMMARY

Name:

SOCIEDAD ESPAÑOLA DE MONTAJES INDUSTRIALES SA

NIF / Fiscal code:

A28018083

Trade Name

SEMI

Status:

ACTIVE

Incorporation Date:

18/05/1923

Register Data

Last Publication in BORME:

22/10/2013 [Revocations]

Last Published Account Deposit:

2012

Share Capital:

5.258.855,91

Localization:

MANZANARES, 4 - MADRID - 28005 - MADRID

Telephone - Fax - Email - Website:

Ph.:. 917017700 Email. finac@semi.es Website. www.semi.es

Number of Branches

Activity:

NACE:

4321 - Electrical installation

Registered Trademarks:

Audited / Opinion:

Si /

Tenders and Awards:

100 for a total cost of NaN

Subsidies:

0 for a total cost of 0

Quality Certificate:

Defaults, Legal Claims and Insolvency Proceedings

Number

Amount (€)

Most Recent Entry

Insolvency Proceedings, Bankruptcy and Suspension of Payments

Unpublished

---

Defaults on debt with Financial Institutions and Large Companies

None

---

Judicial Claims (Notices, Executive Proceedings, Attachments, Auctions, Bad Debt)

---

Proceedings heard by the Civil Court

Unpublished

---

Proceedings heard by the Labour Court

---

Partners

ACS ACTIVIDADES DE CONSTRUCCION Y SERVICIOS SA.

ACS SERVICIOS COMUNICACIONES Y ENERGIA SL

99.99 %

INVESTIGATION SUMMARY

Large company engaged in works of construction. It belongs to the group of this sector, which has been operating for several years, without incidences.

Identification

Social Denomination:

SOCIEDAD ESPAÑOLA DE MONTAJES INDUSTRIALES SA

Trade Name:

SEMI

NIF / Fiscal code:

A28018083

Corporate Status:

ACTIVE

Start of activity:

1923

Registered Office:

MANZANARES, 4

Locality:

MADRID

Province:

MADRID

Postal Code:

28005

Telephone:

917017700

Fax:

915218597

Website:

www.semi.es

Email:

finac@semi.es

Branch Offices

Address

Postal Code

City

Province

CALLE SIERRA DE MARIA 20 ESQUINA SIERRA ALAMILLA

04204

VIATOR

ALMERIA

TRAVE INDUSTRIAL 87

08907

L' HOSPITALET DE LLOBREGAT

BARCELONA

CALLE DEL MIG 5 7

08110

MONTCADA I REIXAC

BARCELONA

CALLE VICTOR BALAGUER 19 21

08205

SABADELL

BARCELONA

CALLE OAXACA S/N

10005

CACERES

RONDA CARMEN 4 6 LOCAL

13002

CIUDAD REAL

CALLE COPERNICO 1 1ª PLANTA

15008

A CORUÑA

LA CORUÑA

CALLE LEONARDO DA VINCI 1 BAJO

15199

CULLEREDO

LA CORUÑA

AVENI CRISTOBAL COLON 206

19004

GUADALAJARA

CALLE REYES LEONESES 50 BAJO

24008

LEON

CALLE ROSALIND FRANKLIN 2

29590

MALAGA

CALLE AZCARRAGA 35 37 OFICINA B

33010

OVIEDO

ASTURIAS

CALLE CORREGIDOR AGUIRRE 18

35214

TELDE

LAS PALMAS

CALLE DEL PLOM 7 NAVE 4C 5C

43006

TARRAGONA

CALLE DEL FERRO 129

43006

TARRAGONA

CALLE RIO GALLEGO 24

50410

CUARTE DE HUERVA

ZARAGOZA

Activity

NACE:

4321

Additional Information:

The subject is the parent company of the group Semi, which at the same time belongs to the group of construction and services called ACS. The brands it used are: -SEMI

Additional Address:

Registered office, central offices, all rented by the company, are located in Manzanares 4 28005 Madrid.

Import / export:

EXPORTS

Future Perspective:

Face recession

Industry situation:

Decline

Number of Employees

Year

No. of employees

Established

Incidentals

2013

1770

Chronological Summary

Year

Act

1990

Accounts deposit (ejer. 1989) Appointments/ Re-elections (7) Cessations/ Resignations/ Reversals (1)

1991

Adaptation to Law (1) Appointments/ Re-elections (5) Capital Reduction (2) Cessations/ Resignations/ Reversals (2) Increase of Capital (2) Statutory Modifications (1)

1992

Accounts deposit (ejer. 1990, 1991) Capital Reduction (1) Dividends Payment (1)

1993

Accounts deposit (ejer. 1992) Appointments/ Re-elections (4) Cessations/ Resignations/ Reversals (2) Change of Social Denomination (1) Change of Social address (1) Increase of Capital (2) Statutory Modifications (1) Take-over Merger (2)

1994

Appointments/ Re-elections (2) Cessations/ Resignations/ Reversals (1) Change of Social address (1) Increase of Capital (1)

1995

Accounts deposit (ejer. 1993, 1994) Appointments/ Re-elections (1) Cessations/ Resignations/ Reversals (2)

1996

Accounts deposit (ejer. 1995) Appointments/ Re-elections (2)

1997

Board Meeting (1)

1998

Accounts deposit (ejer. 1996, 1997) Appointments/ Re-elections (2) Board Meeting (1) Cessations/ Resignations/ Reversals (1)

1999

Accounts deposit (ejer. 1998) Appointments/ Re-elections (2) Board Meeting (1)

2000

Appointments/ Re-elections (3) Board Meeting (1) Errata (3) Other Concepts/ Events (2)

2001

Accounts deposit (ejer. 1999) Appointments/ Re-elections (3) Board Meeting (1)

2002

Accounts deposit (ejer. 2000, 2001) Appointments/ Re-elections (1) Board Meeting (1) Cessations/ Resignations/ Reversals (1) Other Concepts/ Events (1)

2003

Accounts deposit (ejer. 2002) Appointments/ Re-elections (4) Board Meeting (1) Cessations/ Resignations/ Reversals (1)

2004

Board Meeting (2)

2005

Accounts deposit (ejer. 2003, 2004) Appointments/ Re-elections (10) Board Meeting (1) Cessations/ Resignations/ Reversals (1)

2006

Accounts deposit (ejer. 2005) Appointments/ Re-elections (8) Board Meeting (1) Cessations/ Resignations/ Reversals (1)

2007

Accounts deposit (ejer. 2006) Appointments/ Re-elections (5) Board Meeting (1) Cessations/ Resignations/ Reversals (1)

2008

Accounts deposit (ejer. 2007) Appointments/ Re-elections (25) Board Meeting (1) Cessations/ Resignations/ Reversals (2) Change of Social Purpose (1) Change of Social address (1) Errata (2) Other Concepts/ Events (1)

2009

Accounts deposit (ejer. 2008) Appointments/ Re-elections (10) Board Meeting (1) Cessations/ Resignations/ Reversals (5)

2010

Appointments/ Re-elections (7) Board Meeting (1) Cessations/ Resignations/ Reversals (3) Errata (2) Other Concepts/ Events (1)

2011

Accounts deposit (ejer. 2009, 2010) Appointments/ Re-elections (34) Cessations/ Resignations/ Reversals (4) Other Concepts/ Events (1) Statutory Modifications (1)

2012

Accounts deposit (ejer. 2011) Appointments/ Re-elections (38) Cessations/ Resignations/ Reversals (11) Statutory Modifications (1)

2013

Accounts deposit (ejer. 2012) Appointments/ Re-elections (22) Cessations/ Resignations/ Reversals (7) Other Concepts/ Events (1)

Breakdown of Owners' Equity

Registered Capital:

5.258.855,91

Paid up capital:

5.258.855,91

Updated Evolution of the Subscribed and Paid-in Capital

Publishing Date

Registration Type

Capital Subscribed

Paid up capital

Underwritten result

Disbursed Result

10/04/1991

Capital Reduction

-351.592

---

10/04/1991

Increase of Capital

3.867.513

10/04/1991

Capital Reduction

-3.094.010

773.503

29/11/1991

Increase of Capital

2.404.053

601.013

3.177.555

1.374.515

16/01/1992

Capital call payment

---

1.803.041

3.177.555

16/01/1992

Capital Reduction

-2.903.130

274.425

02/06/1993

Increase of Capital

14.443

288.869

05/10/1993

Increase of Capital

4.782.361

5.071.230

19/04/1994

Increase of Capital

187.626

5.258.856

Active Social Bodies

Post published

Social Body's Name

Appointment Date

Other Positions in this Company

SINGLE ADMINISTRATOR

ALBERTO FRAILE NICOLAU SL

17/10/2012

REPRESENTATIVE

GARCIA-ARIAS VILLARREAL JESUS ANGEL

17/10/2012

LAHERRAN PEREZ DE LA SOTA ENRIQUE

09/10/2000

ACCOUNTS' AUDITOR / HOLDER

DELOITTE SL

13/10/2011

LAWYER (ADVISER)

SALCEDO CARDENAS MARIA DOLORES

29/11/1991

Historical Social Bodies

Social Body's Name

Post published

End Date

Other Positions in this Company

ARTHUR ANDERSEN Y CIA S COM

ACCOUNTS' AUDITOR / HOLDER

05/12/2001

ACCOUNTS' AUDITOR / HOLDER

23/05/2005

CARNE CASAS RAMON

MEMBER OF THE BOARD

24/10/2001

MEMBER OF THE BOARD

18/08/2005

DEL VALLE PEREZ JOSE LUIS

MEMBER OF THE BOARD

28/09/2006

MEMBER OF THE BOARD

24/10/2001

MEMBER OF THE BOARD

28/09/2011

SECRETARY

28/09/2011

DELOITTE S L

ACCOUNTS' AUDITOR / HOLDER

20/12/2006

ACCOUNTS' AUDITOR / HOLDER

21/01/2008

ACCOUNTS' AUDITOR / HOLDER

19/09/2008

DELOITTE SL

ACCOUNTS' AUDITOR / HOLDER

24/02/2011

ACCOUNTS' AUDITOR / HOLDER

24/02/2011

ACCOUNTS' AUDITOR / HOLDER

24/10/2005

ACCOUNTS' AUDITOR / HOLDER

20/12/2006

ACCOUNTS' AUDITOR / HOLDER

23/05/2005

ACCOUNTS' AUDITOR / HOLDER

23/05/2005

ACCOUNTS' AUDITOR / HOLDER

23/05/2005

ACCOUNTS' AUDITOR / HOLDER

13/10/2011

FLAGOSER SA

MEMBER OF THE BOARD

27/12/1995

GARCIA-ARIAS VILLARREAL JESUS ANGEL

REPRESENTATIVE

17/10/2012

HENI AUDITORES SA

ACCOUNTS' AUDITOR / HOLDER

12/04/1994

LLORENTE GOMEZ EUGENIO BARTOLOME

MEMBER OF THE BOARD

28/09/2011

PRESIDENT

28/09/2011

LOPEZ JIMENEZ PEDRO

REPRESENTATIVE

27/12/1995

MEMBER OF THE BOARD

28/09/2011

LOPEZ JIMENEZ PEDRO JOSE

MEMBER OF THE BOARD

18/08/2005

MANTENIMIENTOS AYUDA A LA EXPLOTACION Y SERVICIOS

SINGLE ADMINISTRATOR

17/10/2012

MARIN BARCENA ANTONIO

MEMBER OF THE BOARD

28/03/1990

MARTINEZ CONDE GUTIERREZ BARQUIN SANTOS

MEMBER OF THE BOARD

25/08/2003

MEMBER OF THE BOARD

18/08/2005

NAVARRO CONDE LUIS FERNANDO

MEMBER OF THE BOARD

29/11/1991

PEREZ RODRIGUEZ FLORENTINO

MEMBER OF THE BOARD

27/12/1995

PRESIDENT

27/12/1995

PEREZ RODRIGUEZ IGNACIO

MEMBER OF THE BOARD

18/05/2005

MEMBER OF THE BOARD

24/07/2008

CHIEF EXECUTIVE OFFICER

18/05/2005

CHIEF EXECUTIVE OFFICER

24/07/2008

PRESIDENT

18/05/2005

PRESIDENT

24/07/2008

PEREZ RODRIGUEZ LUIS IGNACIO

SOLE CHIEF EXECUTIVE OFFICER

25/11/1998

VICE CHAIRMAN

28/09/2011

PRESIDENT

29/11/1991

MEMBER OF THE BOARD

21/10/1993

ROA MARTINEZ JACOBO

MEMBER OF THE BOARD

27/12/1995

SECRETARY

21/10/1993

VICE CHAIRMAN

28/09/2011

SALCEDO CARDENAS MARIA DOLORES

MEMBER OF THE BOARD

29/11/1991

NON CONSELLOR SECRETARY

27/12/1995

SANZ CARRO ANDRES

MEMBER OF THE BOARD

29/11/1991

MEMBER OF THE BOARD

28/09/2011

TORRES PIÑON JUAN

VICE CHAIRMAN

27/12/1995

PRESIDENT

30/06/1998

MEMBER OF THE BOARD

30/06/1998

MEMBER OF THE BOARD

21/10/1993

PRESIDENT

21/10/1993

TRINCADO BOVILLE FERNANDO

MEMBER OF THE BOARD

20/02/1995

MEMBER OF THE BOARD

29/11/1991

CHIEF EXECUTIVE OFFICER

29/11/1991

VAZQUEZ RUIZ DEL ARBOL CARLOS

MEMBER OF THE BOARD

05/10/1993

JOINT CHIEF EXECUTIVE OFFICER

05/10/1993

VICE CHAIRMAN

05/10/1993

VEGA BALADRON DANIEL

SOLE CHIEF EXECUTIVE OFFICER

24/10/2001

CHIEF EXECUTIVE OFFICER

25/08/2003

MEMBER OF THE BOARD

28/09/2011

CHIEF EXECUTIVE OFFICER

24/07/2008

CHIEF EXECUTIVE OFFICER

28/09/2011

VEGA BALANDRON DANIEL

MEMBER OF THE BOARD

25/08/2003

MEMBER OF THE BOARD

28/09/2011

MEMBER OF THE BOARD

24/07/2008

VELASCO IBAÑEZ FRUTOS

MEMBER OF THE BOARD

05/10/1993

JOINT CHIEF EXECUTIVE OFFICER

05/10/1993

Executive board

Post

NIF

Name

CHIEF BUYER

GUILLERMO AUSIN SAN NICOLAS

COMMERCIAL MANAGER

GUILLERMO AUSIN SAN NICOLAS

FINANCIAL DIRECTOR

ANDRES ALCAZAR FERNANDEZ

TECHNICAL MANAGER

VICTOR ORTEGA SMITH MOLINA

Defaults, Legal Claims and Insolvency Proceedings

Section enabling assessment of the degree of compliance of the company queried with its payment obligations. It provides information on the existence and nature of all stages of Insolvency and Legal Proceedings published with reference to the Company in the country's various Official Bulletins and national newspapers, as well Defaults Registered in the main national credit bureaus (ASNEF Industrial and RAI ).

Chronological summary

Number of Publications

Amount (_)

Start date

End date

Insolvency Proceedings, Bankruptcy and Suspension of Payments

Unpublished

---

Request/Declaration

---

date

Proceedings

---

Resolution

---

Defaults on debt with Financial Institutions and Large Companies

Bank and Commercial Delinquency

None

Status: Friendly

---

Status: Pre-Litigation

---

Status: Litigation

---

Status: Non-performing

---

Status: insolvency proceedings, bankruptcy and suspension of payments

---

Other status

---

Legal and Administrative Proceedings

---

28/04/2008

02/03/2012

Notices of defaults and enforcement

---

Seizures

---

Auctions

---

Declarations of insolvency and bad debt

---

Proceedings heard by the Civil Court

Unpublished

---

Proceedings heard by the Labour Court

---

19/06/2009

05/08/2010

Basis for rating

Positive Factors

Adverse Factors

It has been found to have regular payment performance and has paid all of its debts in a timely manner.

It is one of the major domestic companies in terms of sales volume.

Productivity increase. The Company's salaried staff productivity has increased with respect to the previous fiscal year. This productivity improvement is reflected in an increase in its generated income, which favours the Company's financial situation.

In fiscal year 2012 , total debts incurred with credit institutions and trade creditors has decreased with respect to the previous fiscal year. The greater the level of indebtedness, the greater the Company's reliance on capital suppliers and the more complicated its financial standing.

SOCIEDAD ESPAÑOLA DE MONTAJES INDUSTRIALES SA's borrowing cost is appropriate according to its volume of external financing sources.

It has minor judicial claims. of outstanding debts with Public Administration bodies or resulting from claims filed by individuals before Courts of the different jurisdictions have been published in the Official Gazettes. However, these judicial claims are in stages prior to the execution phase.

The company's evolution has led to staff reduction in recent fiscal years.

It belongs to a sector in contractionshowing negative Gross Added Value rates in the sector.

Demand contraction may continue due to public investment reduction plans and to a decrease in projects financed with various local development Funds.

Possible difficulty accessing financing. Uncertainties about economic recovery will hinder access to financing for new projects or for short-term liquidity needs.

Probability of default

> Probabilidad Estimada de Impago para los próximos 12 meses: 2.4 %

> Latest Rating Changes :

Sector in which comparison is carried out :

432 Electrical, plumbing and other construction installation activities

Relative Position:

Credit quality is superior to that of other companies in the same sector.

The company's comparative analysis with the rest of the companies that comprise the sector, shows the company holds a better position with regard to the probability of non-compliance.

The 95.00% of the companies of the sector SOCIEDAD ESPAÑOLA DE MONTAJES INDUSTRIALES SA belongs to show a higher probability of non-compliance.

The probability of the company's non-compliance with its payment obligations within deadlines estimated by our qualifications models is 2.43%.

In the event they fail to comply with the payment, the seriousness of the loss will depend on factors such as the promptness of the commencement of the charging management, the existence of executive documents which match the credit or the existence of guarantees and free debt assets under the name of the debtor. Therefore, the probability of non-compliance should not be solely interpreted as the total loss of the owed amount.

PROCEDURES OF CONTEST, BANKRUPTCY AND BANKRUPTCY PROTECTION

Legal Proceedings (Bankruptcy Law 22/2003)

No se han publicado

Quiebras y Suspensiones de Pagos (anterior legislación concursal)

No se han publicado

INCIDENCES WITH THE PUBLIC ADMINISTRATIONS

Incidences with the Tax Agency

No se han publicado

Incidences with the Social Security

2 Legal Claims for a total cost of 4.002,87 E

Incidences with the Autonomous Administration

No se han publicado

Incidences with the Local Administration

1 Incidence for a total cost of 0,00 E

PROCEDURES BEFORE COURTS OF CIVIL MATTERS

Procedures by the Civil Procedural Law 1/2000

No se han publicado

Proceedings by the old Civil Procedural Law 1.881

No se han publicado

PROCEEDINGS BEFORE THE INDUSTRIAL TRIBUNAL

Procedimientos ante Juzgados de lo Social

3 Legal Claims for a total cost of 0,00 E

BY THE SOCIAL SECURITY DE MADRID - Date 12/06/2008

Last Published Stage:

NOTIFICATION

Record Number:

06282008034564946

Amount of the incidence:

2.065,83 E

Requested by:

SEGURIDAD SOCIAL

Published domicile:

CL BARQUILLO 19; MADRID C.P.:28004

Source:

BOLETIN OFICIAL DE LA COMUNIDAD DE MADRID Nº139, 2008 SUPLEMENTO 1 PAGINA 2

BY THE SOCIAL SECURITY DE MADRID - Date 28/04/2008

Last Published Stage:

NOTIFICATION

Record Number:

06282008025876473

Amount of the incidence:

1.937,04 E

Requested by:

SEGURIDAD SOCIAL

Published domicile:

CL BARQUILLO 19; MADRID C.P.:28004

Source:

BOLETIN OFICIAL DE LA COMUNIDAD DE MADRID Nº100, 2008 SUPLEMENTO 1 PAGINA 104

PROCESSED BY THE LOCAL GOVERNMENT DE MADRID - Date 02/03/2012

Last Published Stage:

EXECUTION NOTIFICATION

Record Number:

12058008063

Amount of the incidence:

0,00 E

Requested by:

ADMINISTRACION LOCAL

Published domicile:

(DESCONOCIDA)

Source:

BOLETIN OFICIAL DEL AYUNTAMIENTO DE MADRID Nº6638, 2012 PAGINA 41

Link List

PARTICIPATES IN:

77 Entities

SHAREHOLDERS:

2 Entities

HAS IN ITS ADMINISTRATION BOARD TO:

1 Entities

IS RELATED WITH:

25 Entities

> Shareholders

Relationship

Entity

Province

Shareholding stake

SHAREHOLDERS

ACS ACTIVIDADES DE CONSTRUCCION Y SERVICIOS SA.

MADRID

ACS SERVICIOS COMUNICACIONES Y ENERGIA SL

MADRID

99.99

PARTICIPATES IN

CONSTRUCCIONES DORSA SA

MADRID

99.9

UNION TEMPORAL DE EMPRESAS PADRON

MANTENIMIENTOS AYUDA A LA EXPLOTACION Y SERVICIOS SA

MADRID

UNION TEMPORAL DE EMPRESAS SEMELCO

33.33

UNION TEMPORAL DE EMPRESAS SEMI-INABENSA

UNION TEMPORAL DE EMPRESAS IBERCAT

UNION TEMPORAL DE EMPRESAS COSEMEL

33.33

UNION TEMPORAL DE EMPRESAS VENTA DE BAÑOS

UNION TEMPORAL DE EMPRESAS ELECNOR-SEMI

UNION TEMPORAL DE EMPRESAS EUROSUB 2 AVE

UNION TEMPORAL DE EMPRESAS RIPOLL MANLLEU

UNION TEMPORAL DE EMPRESAS CORREDOR

33.33

ALBERTO FRAILE NICOLAU SL

MADRID

SEDMIVE CA (VENEZUELA)

100

TESCA INGENIERIA DEL ECUADOR

2.15

UNION TEMPORAL DE EMPRESAS CAVAL

33.33

UNION TEMPORAL DE EMPRESAS ELECTRIFICACION LINEA 3

MEXSEMI, SOCIEDAD ANONIMA, DE CV

100

SEMI MAROC, S.A.

99.6

UNION TEMPORAL DE EMPRESAS SANT ADRIA

UNION TEMPORAL DE EMPRESAS COSEBAL

42.5

UNION TEMPORAL DE EMPRESAS CASTILLEJO AÑOVER

UNION TEMPORAL DE EMPRESAS AVENOR

SEMI FRANCE SAS

100

SEMI ITALIA

100

SEMI POLSKA

100

UNION TEMPORAL DE EMPRESAS ATOCHA FASE I

UNION TEMPORAL DE EMPRESAS BARRIO DE LA FORTUNA

UNION TEMPORAL DE EMPRESAS C. COLONIA JARDIN

UNION TEMPORAL DE EMPRESAS C. LINEA 6

UNION TEMPORAL DE EMPRESAS C. LINEA 7

33.33

UNION TEMPORAL DE EMPRESAS C. PINAR DE CHAMARTIN

UNION TEMPORAL DE EMPRESAS DISTRIB LINEA 3

UNION TEMPORAL DE EMPRESAS L9 CAN ZAM

UNION TEMPORAL DE EMPRESAS SEMEL COSUB

33.33

UNION TEMPORAL DE EMPRESAS SEMEL COSUR

UNION TEMPORAL DE EMPRESAS SUBESTACION NEVADA

UNION TEMPORAL DE EMPRESAS VILLAVERDE ALTO

UNION TEMPORAL DE EMPRESAS DISTRIBUCION LINEA 2

SEMI DEUTSCHLAND

SEDMIRUMA

100

SEMI BULGARIA

100

SEMI GERMANY

100

SEMI PANAMA

100

SEMICOSTA

100

MANTENIMIENTO AYUDA A LA EXPLOTACION Y SERVICIOS, S.A.

0.07

ENERGIA OLMEDO-OURENSE FASE I SA

MADRID

UNION TEMPORAL DE EMPRESAS LECAT

42.5

SEMI SERVICIOS DE ENERGIA INDUSTRIAL Y COMERCIO, S.L.

100

SEMI USA CORPORACION

100

SEMONA, SOCIEDAD LIMITADA, (SANTO DOMINGO)

UNION TEMPORAL DE EMPRESAS AVESUR

UNION TEMPORAL DE EMPRESAS COBALSE

UNION TEMPORAL DE EMPRESAS COSECAT

UNION TEMPORAL DE EMPRESAS CYSE L9

35.44

UNION TEMPORAL DE EMPRESAS ENLACE VALENCIA

UNION TEMPORAL DE EMPRESAS EUROASCE I

18.33

UNION TEMPORAL DE EMPRESAS EUROASCE II

18.33

UNION TEMPORAL DE EMPRESAS EUROASCE III

18.33

UNION TEMPORAL DE EMPRESAS EUROCAT AV

UNION TEMPORAL DE EMPRESAS MINGORRIA

UNION TEMPORAL DE EMPRESAS SEMONA

UNION TEMPORAL DE EMPRESAS SEMONA II

UNION TEMPORAL DE EMPRESAS SISECAT

36.5

UNION TEMPORAL DE EMPRESAS SSEE GINEBRA

30.73

UNION TEMPORAL DE EMPRESAS SUBESTACIONES LINEA 2

UNION TEMPORAL DE EMPRESAS CAMPOMANES

UNION TEMPORAL DE EMPRESAS RIPOLL

SEDMIVE CA

100

UNION TEMPORAL DE EMPRESAS TRASLADO SSEE OVIEDO

UNION TEMPORAL DE EMPRESAS COSECAT

UNION TEMPORAL DE EMPRESAS MINGORRIA

UNION TEMPORAL DE EMPRESAS SISECAT

36.5

UNION TEMPORAL DE EMPRESAS COBALSE

SEMI REPUBLICA DOMINICANA

100

UNION TEMPORAL DE EMPRESAS C. CASTELLBISBAL

UNION TEMPORAL DE EMPRESAS EUROCAT AV

> Other relationships

Relationship

Entity

Province

Shareholding stake

IS RELATED WITH

| |

CONTROL Y MONTAJES INDUSTRIALES CYMI SA

MADRID

API MOVILIDAD S.A

MADRID

EMURTEL SA

MURCIA

AL-ANDALUS WIND POWER SL

MADRID

MASE INTERNACIONAL CRL

EMPRESA MANTENIMIENTO Y EXPLOTACION M 30 S.A.

MADRID

XFERA MOVILES SA

MADRID

IBERDROLA SOCIEDAD ANONIMA

VIZCAYA

IMESAPI S.A

MADRID

SALMANTINA DE SEGURIDAD VIAL SA

SALAMANCA

ACS ACTIVIDADES DE CONSTRUCCION Y SERVICIOS SA.

MADRID

HIDROGESTION SA

MADRID

GEOTECNIA Y CIMIENTOS SA

MADRID

ELECTRONIC TRAFIC SA

VALENCIA

GESTION Y PROTECCION AMBIENTAL SL

BURGOS

MANCHASOL-1 CENTRAL TERMOSOLAR UNO SL

MADRID

CONSORCIO SEMONA

IS RELATED WITH

GEOTECNIA Y CIMIENTOS SA

MADRID

SALMANTINA DE SEGURIDAD VIAL SA

SALAMANCA

MONCOBRA SA

MADRID

MANTENIMIENTOS AYUDA A LA EXPLOTACION Y SERVICIOS SA

MADRID

ACS SERVICIOS COMUNICACIONES Y ENERGIA SL

MADRID

RESIDENCIAL MONTE CARMELO SA

MADRID

TECSA EMPRESA CONSTRUCTORA SOCIEDAD ANONIMA

VIZCAYA

AUREA FONTANA SL

MADRID

HAS IN ITS ADMINISTRATION BOARD TO

ALBERTO FRAILE NICOLAU SL

MADRID

Turnover

Total Sales

227.920.000

Financial Accounts and Balance Sheets

Financial Years Presented

Ejercicio

Tipo de Cuentas Anuales

Fecha Presentacion

2012

Normales

September 2013

2011

Normales

August 2012

2010

Normales

November 2011

2009

Normales

February 2011

2008

Normales

October 2009

2007

Normales

September 2008

2006

Normales

September 2007

2005

Normales

October 2006

2004

Normales

August 2005

2003

Normales

May 2005

2002

Normales

November 2003

2001

Normales

October 2002

2000

Normales

May 2002

1999

Normales

May 2001

1998

Normales

November 1999

1997

Normales

August 1998

1996

Normales

January 1998

1995

Normales

October 1996

1994

Normales

October 1995

1993

Normales

February 1995

1992

Normales

September 1993

1991

Normales

September 1992

1991

Normales

September 1992

1990

Normales

November 1991

1989

Normales

August 1990

The data in the report regarding the last Company Accounts submitted by the company is taken from the TRADE REGISTER serving the region in which the company's address is located 31/12/2012

Information corresponding to the fiscal year 2012 2011 2010 2009 2008 is taken from information submitted to the TRADE REGISTER. Data corresponding to fiscal years before 2012 2011 2010 2009 2008 has been compiled based on the equivalence criteria stipulated in Act JUS/206/2009. Where the provisions of the Act did not establish relevant equivalence criteria, axesor created such criteria using its own methodology. To view details on the methodology.

ORIGINAL

Assets

2012

2011

2010

2009

2008

A) NON-CURRENT ASSETS: 11000

11.186.000,00

11.997.000,00

9.473.000,00

10.643.000,00

11.498.000,00

I. Intangible fixed assets : 11100

40.000,00

55.000,00

83.000,00

159.000,00

137.000,00

1. Development: 11110

0,00

2. Concessions: 11120

0,00

3. Patents, licencing, trade marks and similar: 11130

0,00

4. Goodwill: 11140

0,00

5. IT applications: 11150

40.000,00

55.000,00

83.000,00

159.000,00

137.000,00

6. Investigation: 11160

0,00

7. Other intangible fixed assets: 11170

0,00

II. Tangible fixed assets : 11200

5.213.000,00

5.549.000,00

5.784.000,00

7.521.000,00

9.745.000,00

1. Land and buildings: 11210

1.015.000,00

1.042.000,00

1.070.000,00

1.077.000,00

1.109.000,00

2. Technical installations and other tangible fixed assets: 11220

4.198.000,00

4.507.000,00

4.714.000,00

6.444.000,00

8.636.000,00

3. Tangible asset in progress and advances: 11230

0,00

III. Real estate investment: 11300

0,00

1. Land: 11310

0,00

2. Buildings: 11320

0,00

IV. Long-term investments in Group companies and associates : 11400

4.828.000,00

5.626.000,00

896.000,00

727.000,00

819.000,00

1. Equity instruments: 11410

1.950.000,00

1.795.000,00

896.000,00

727.000,00

819.000,00

2. Credits to businesses: 11420

2.878.000,00

3.831.000,00

0,00

3. Debt securities: 11430

0,00

4. Derivatives : 11440

0,00

5. Other financial assets : 11450

0,00

6. Other investments: 11460

0,00

V. Long-term financial investments: 11500

835.000,00

767.000,00

708.000,00

718.000,00

797.000,00

1. Equity instruments: 11510

0,00

25.000,00

2. Credits to third parties : 11520

0,00

3. Debt securities: 11530

0,00

4. Derivatives : 11540

0,00

5. Other financial assets : 11550

835.000,00

767.000,00

708.000,00

718.000,00

772.000,00

6. Other investments: 11560

0,00

VI. Assets for deferred tax : 11600

270.000,00

0,00

2.002.000,00

1.518.000,00

0,00

VII. Non-current trade debts : 11700

0,00

B) CURRENT ASSETS: 12000

169.137.000,00

184.812.000,00

228.764.000,00

162.768.000,00

158.918.000,00

I. Non-current assets held for sale : 12100

0,00

II. Stocks: 12200

1.136.000,00

427.000,00

24.258.000,00

377.000,00

2.679.000,00

1. Commercial: 12210

0,00

24.258.000,00

0,00

2. Primary material and other supplies: 12220

0,00

377.000,00

0,00

3. Work in progress: 12230

0,00

a) Of long-term production cycle : 12231

0,00

b) Of short-term production cycle : 12232

0,00

4. Finished goods: 12240

0,00

a) Of long-term production cycle : 12241

0,00

b) Of short-term production cycle : 12242

0,00

5. By-products, residues and recycled materials: 12250

0,00

6. Advances to suppliers: 12260

0,00

427.000,00

0,00

III. Trade debtors and others receivable accounts: 12300

124.573.000,00

144.769.000,00

142.353.000,00

116.309.000,00

138.813.000,00

1. Trade debtors / accounts receivable: 12310

118.243.000,00

134.541.000,00

137.547.000,00

109.175.000,00

122.677.000,00

a) Long-term receivables from sales and services supplied : 12311

0,00

b) Customers for sales and provisions of services : 12312

0,00

134.541.000,00

137.547.000,00

0,00

2. Customers, Group companies and associates : 12320

5.312.000,00

7.374.000,00

3.845.000,00

5.625.000,00

14.329.000,00

3. Other accounts receivable: 12330

25.000,00

1.261.000,00

194.000,00

420.000,00

1.747.000,00

4. Personnel: 12340

80.000,00

29.000,00

53.000,00

79.000,00

0,00

5. Assets for deferred tax: 12350

0,00

6. Other debtors, including tax and social security: 12360

913.000,00

1.564.000,00

714.000,00

1.010.000,00

60.000,00

7. Called up share capital: 12370

0,00

IV. Short-term investments in Group companies and associates: 12400

16.625.000,00

13.356.000,00

12.191.000,00

7.225.000,00

7.885.000,00

1. Equity instruments: 12410

0,00

2. Credits to businesses: 12420

16.625.000,00

13.356.000,00

12.191.000,00

7.225.000,00

7.885.000,00

3. Debt securities: 12430

0,00

4. Derivatives : 12440

0,00

5. Other financial assets : 12450

0,00

6. Other investments: 12460

0,00

V. Short-term financial investments : 12500

15.000,00

0,00

9.607.000,00

6.689.000,00

7.000,00

1. Equity instruments: 12510

0,00

2. Credits to businesses: 12520

0,00

4.607.000,00

0,00

3. Debt securities: 12530

0,00

5.000.000,00

0,00

4. Derivatives : 12540

0,00

5. Other financial assets : 12550

15.000,00

0,00

6.689.000,00

7.000,00

6. Other investments: 12560

0,00

VI. Short-term accruals: 12600

55.000,00

48.000,00

47.000,00

0,00

VII. Cash and other equivalent liquid assets : 12700

26.733.000,00

26.212.000,00

40.308.000,00

32.168.000,00

9.534.000,00

1. Treasury: 12710

22.477.000,00

25.931.000,00

15.404.000,00

7.944.000,00

6.577.000,00

2. Other equivalent liquid assets: 12720

4.256.000,00

281.000,00

24.904.000,00

24.224.000,00

2.957.000,00

TOTAL ASSETS (A + B) : 10000

180.323.000,00

196.809.000,00

238.237.000,00

173.411.000,00

170.416.000,00

ORIGINAL

Liabilities and Net Worth

2012

2011

2010

2009

2008

A) NET WORTH: 20000

32.177.000,00

32.036.000,00

30.783.000,00

29.901.000,00

29.906.000,00

A-1) Shareholders' equity: 21000

32.177.000,00

32.036.000,00

30.783.000,00

29.901.000,00

29.906.000,00

I. Capital: 21100

5.250.000,00

1. Registered capital : 21110

5.250.000,00

2. (Uncalled capital): 21120

0,00

II. Share premium: 21200

0,00

III. Reserves: 21300

22.061.000,00

21.070.000,00

21.063.000,00

19.407.000,00

20.402.000,00

1. Legal and statutory: 21310

1.052.000,00

2. Other reserves: 21320

21.009.000,00

20.018.000,00

20.011.000,00

18.355.000,00

19.350.000,00

IV. (Common stock equity): 21400

0,00

V. Results from previous periods: 21500

0,00

1. Brought forward: 21510

0,00

2. (Negative results from previous periods): 21520

0,00

VI. Other shareholders' contributions: 21600

0,00

VII. Result of the period: 21700

6.616.000,00

10.179.000,00

8.757.000,00

8.919.000,00

11.027.000,00

VIII. (Interim dividend): 21800

-1.750.000,00

-4.463.000,00

-4.287.000,00

-3.675.000,00

-6.773.000,00

IX. Other net worth instruments: 21900

0,00

A-2) Adjustments due to changes in value: 22000

0,00

I. Financial assets held for sale: 22100

0,00

II. Hedge operations: 22200

0,00

III. Linked non-current assets and liabilities held for sale : 22300

0,00

IV. Exchange rate difference: 22400

0,00

V. Other: 22500

0,00

A-3) Received subsidies, donations and legacies: 23000

0,00

B) NON-CURRENT LIABILITIES: 31000

7.139.000,00

8.437.000,00

8.635.000,00

6.447.000,00

1.640.000,00

I. Long-term provisions: 31100

5.334.000,00

5.985.000,00

7.063.000,00

5.104.000,00

769.000,00

1. Long-term employee benefits liability: 31110

91.000,00

41.000,00

0,00

2. Environmental actions: 31120

0,00

3. Restructuring provisions: 31130

0,00

4. Other provisions: 31140

5.243.000,00

5.894.000,00

7.022.000,00

5.063.000,00

0,00

II Long-term creditors: 31200

1.334.000,00

2.008.000,00

1.572.000,00

1.343.000,00

871.000,00

1. Liabilities and other securities: 31210

0,00

2. Amounts owed to credit institutions: 31220

0,00

3. Creditors from financial leasing: 31230

645.000,00

1.168.000,00

591.000,00

600.000,00

871.000,00

4. Derivatives : 31240

0,00

5. Other financial liabilities : 31250

689.000,00

840.000,00

981.000,00

743.000,00

0,00

III. Long-term debts with Group companies and associates: 31300

0,00

IV. Liabilities for deferred tax: 31400

471.000,00

444.000,00

0,00

V. Long-term accruals: 31500

0,00

VI. Non-current trade creditors : 31600

0,00

VII. Special long-term debts : 31700

0,00

C) CURRENT LIABILITIES : 32000

141.007.000,00

156.336.000,00

198.819.000,00

137.063.000,00

138.870.000,00

I. Liabilities linked to non-current assets held for sale: 32100

0,00

II. Short-term provisions: 32200

72.000,00

165.000,00

1.744.000,00

1.699.000,00

2.562.000,00

III. Short-term creditors : 32300

21.116.000,00

16.302.000,00

26.073.000,00

27.674.000,00

35.056.000,00

1. Liabilities and other securities: 32310

0,00

9.162.000,00

0,00

2. Amounts owed to credit institutions: 32320

18.714.000,00

11.577.000,00

20.924.000,00

0,00

30.259.000,00

3. Creditors from financial leasing: 32330

565.000,00

724.000,00

375.000,00

367.000,00

265.000,00

4. Derivatives : 32340

0,00

5. Other financial liabilities : 32350

1.837.000,00

4.001.000,00

4.774.000,00

18.145.000,00

4.532.000,00

IV. Short-term debts with Group companies and associates: 32400

2.913.000,00

81.000,00

2.222.000,00

1.579.000,00

1.690.000,00

V. Trade creditors and other accounts payable: 32500

116.906.000,00

139.788.000,00

168.780.000,00

106.111.000,00

99.562.000,00

1. Suppliers: 32510

84.893.000,00

86.409.000,00

87.201.000,00

42.524.000,00

53.153.000,00

a) Long-term debts : 32511

0,00

b) Short-term debts : 32512

0,00

86.409.000,00

87.201.000,00

0,00

2. Suppliers, Group companies and associates: 32520

2.934.000,00

1.700.000,00

933.000,00

361.000,00

3.863.000,00

3. Other creditors: 32530

516.000,00

741.000,00

1.627.000,00

1.097.000,00

44.000,00

4. Personnel (remuneration due): 32540

3.801.000,00

5.763.000,00

6.846.000,00

4.960.000,00

4.767.000,00

5. Liabilities for current tax: 32550

0,00

6. Otras deudas con las Administraciones Públicas. : 32560

5.165.000,00

6.686.000,00

4.434.000,00

4.429.000,00

3.035.000,00

7. Advances from clients: 32570

19.597.000,00

38.489.000,00

67.739.000,00

52.740.000,00

34.700.000,00

VI. Short-term accruals: 32600

0,00

VII. Special short-term debts : 32700

0,00

TOTAL NET WORTH AND LIABILITIES (A + B + C) : 30000

180.323.000,00

196.809.000,00

238.237.000,00

173.411.000,00

170.416.000,00

ORIGINAL

Profit and Loss

2012

2011

2010

2009

2008

1. Net turnover: 40100

227.920.000,00

285.371.000,00

232.397.000,00

227.722.000,00

248.728.000,00

a) Sales: 40110

227.920.000,00

285.371.000,00

232.397.000,00

227.722.000,00

248.728.000,00

b) Rendering of services: 40120

0,00

2. Changes in stocks of finished goods and work in progress: 40200

0,00

3. Works carried out by the company for its assets: 40300

23.000,00

0,00

42.000,00

64.000,00

4. Supplies : 40400

-112.798.000,00

-159.475.000,00

-120.881.000,00

-99.850.000,00

-124.240.000,00

a) Stock consumption: 40410

0,00

b) Consumption of raw materials and miscellaneous consumable ones: 40420

-72.142.000,00

-102.898.000,00

-71.241.000,00

-35.388.000,00

-63.154.000,00

c) Works carried out by other companies: 40430

-40.656.000,00

-56.577.000,00

-49.640.000,00

-64.462.000,00

-61.086.000,00

d) Impairment of stock, primary material and other supplies: 40440

0,00

5. Other operating income: 40500

127.000,00

1.014.000,00

301.000,00

10.000,00

98.000,00

a) Auxiliary income and other from current management: 40510

135.000,00

1.018.000,00

245.000,00

3.000,00

98.000,00

b) Operation subsidies included in the Period's result: 40520

-8.000,00

-4.000,00

56.000,00

7.000,00

0,00

6. Personnel costs: 40600

-73.744.000,00

-85.528.000,00

-74.259.000,00

-77.689.000,00

-77.626.000,00

a) Wages, salaries et al.: 40610

-59.198.000,00

-69.270.000,00

-59.293.000,00

-63.029.000,00

-62.930.000,00

b) Social security costs: 40620

-14.546.000,00

-16.258.000,00

-14.966.000,00

-14.660.000,00

-14.696.000,00

c) Provisions : 40630

0,00

7. Other operating costs: 40700

-28.584.000,00

-26.527.000,00

-20.530.000,00

-27.316.000,00

-26.356.000,00

a) External services: 40710

-27.438.000,00

-25.879.000,00

-20.204.000,00

-25.507.000,00

-25.389.000,00

b) Taxes: 40720

-894.000,00

-412.000,00

-382.000,00

-214.000,00

-380.000,00

c) Losses, impairments and variation in provisions from trade operations : 40730

-252.000,00

-236.000,00

56.000,00

-1.595.000,00

-587.000,00

d) Other current management expenditure : 40740

0,00

8. Amortisation of fixed assets: 40800

-1.989.000,00

-2.352.000,00

-2.742.000,00

-3.219.000,00

-2.799.000,00

9. Allocation of subsidies of non-financial fixed assets and other: 40900

0,00

10. Excess provisions : 41000

0,00

50.000,00

0,00

11. Impairment and result of transfers of fixed assets: 41100

8.000,00

0,00

a) Impairment and losses : 41110

0,00

b) Results for transfers and other : 41120

0,00

12. Negative difference in combined businesses: 41200

0,00

13. Other results : 41300

-404.000,00

-16.000,00

-5.000,00

-185.000,00

0,00

A.1) OPERATING INCOME (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12 + 13) : 49100

10.559.000,00

12.487.000,00

14.281.000,00

19.565.000,00

17.869.000,00

14. Financial income : 41400

2.213.000,00

3.168.000,00

534.000,00

148.000,00

149.000,00

a) Of shares in equity instruments : 41410

1.368.000,00

2.130.000,00

5.000,00

2.000,00

13.000,00

a 1) In Group companies and associates: 41411

1.368.000,00

2.130.000,00

5.000,00

2.000,00

13.000,00

a 2) In third parties: 41412

0,00

b) From negotiable securities and other financial instruments : 41420

845.000,00

1.038.000,00

529.000,00

146.000,00

136.000,00

b 1) From Group companies and associates : 41421

452.000,00

49.000,00

0,00

b 2) From third parties : 41422

393.000,00

989.000,00

529.000,00

146.000,00

136.000,00

c) Allocation of financial subsidies, donations and legacies : 41430

0,00

15. Financial expenditure: 41500

-2.561.000,00

-1.861.000,00

-526.000,00

-1.119.000,00

-2.104.000,00

a) Amounts owed to Group companies and associates : 41510

0,00

b) For debts with third parties : 41520

-2.561.000,00

-1.861.000,00

-526.000,00

-1.119.000,00

-2.104.000,00

c) Stock renewal : 41530

0,00

16. Changes in fair value of financial instruments : 41600

0,00

a) Trading book and other : 41610

0,00

b) Allocation of financial assets held for sale to the result for the period: 41620

0,00

17. Exchange rate differences : 41700

-1.009.000,00

488.000,00

-2.000,00

351.000,00

10.000,00

18. Impairment and result for transfers of financial instruments: 41800

99.000,00

-515.000,00

-1.685.000,00

-6.246.000,00

-125.000,00

a) Impairment and losses : 41810

99.000,00

-515.000,00

-1.685.000,00

-6.246.000,00

-125.000,00

b) Results for transfers and other : 41820

0,00

19. Other financial income and expenditure: 42100

0,00

a) Incorporation of financial expenditure to assets: 42110

0,00

b) Financial income from arrangement with creditors: 42120

0,00

c) Other income and expenditure: 42130

0,00

A.2) FINANCIAL REVENUE (14+15+16+17+18+19) : 49200

-1.258.000,00

1.280.000,00

-1.679.000,00

-6.866.000,00

-2.070.000,00

A.3) NET RESULT BEFORE TAXES (A.1+A.2) : 49300

9.301.000,00

13.767.000,00

12.602.000,00

12.699.000,00

15.799.000,00

20. Income taxes: 41900

-2.685.000,00

-3.588.000,00

-3.845.000,00

-3.780.000,00

-4.772.000,00

A.4) PROFIT AFTER TAXES (A.3+20) : 49400

6.616.000,00

10.179.000,00

8.757.000,00

8.919.000,00

11.027.000,00

21. Result of the year coming from interrupted operations : 42000

0,00

A.5) RESULT OF THE PERIOD (A.4+21) : 49500

6.616.000,00

10.179.000,00

8.757.000,00

8.919.000,00

11.027.000,00

Information corresponding to the fiscal year 2012 2011 2010 2009 2008 has been compiled based on the equivalence criteria stipulated in Act JUS/206/2009. Where the provisions of the Act did not establish relevant equivalence criteria, Axesor created such criteria using its own methodology. To view details on the methodology 2012 2011 2010 2009 2008 is taken from information submitted to the TRADE REGISTER.

EQUIVALENCIA

ASSETS

2012

2011

2010

2009

2008

A) SHAREHOLDERS (PARTNERS) BY UNCALLED SUSCRIBED CAPITAL:

0,00

B) FIXED ASSETS:

10.916.000,00

11.997.000,00

7.471.000,00

9.125.000,00

11.498.000,00

I. Formation expenses:

0,00

II. Intangible fixed assets:

40.000,00

55.000,00

83.000,00

159.000,00

137.000,00

1. Research and development costs:

0,00

2. Concessions, patents, licences, trademarks et al.:

0,00

3. Goodwill:

0,00

4. Key money paid for premises:

0,00

5. Software:

40.000,00

55.000,00

83.000,00

0,00

137.000,00

6. Assets under capital leases:

0,00

7. Payments on account:

0,00

8. Provisions:

0,00

9. Accumulated depreciation:

0,00

III. Tangible fixed assets:

5.213.000,00

5.549.000,00

5.784.000,00

7.521.000,00

9.745.000,00

1. Land and construction:

1.015.000,00

1.042.000,00

1.070.000,00

0,00

1.109.000,00

2. Technical installations and machinery:

4.198.000,00

4.507.000,00

4.714.000,00

0,00

3.077.729,00

3. Other installations, tools and furniture:

0,00

2.697.874,00

4. Payments on account and tangible fixed assets under construction:

0,00

5. Other tangible assets:

0,00

2.860.397,00

6. Provisions:

0,00

7. Accumulated depreciation:

0,00

IV. Financial investments:

5.663.000,00

6.393.000,00

1.604.000,00

1.445.000,00

1.616.000,00

1. Equity investments in group companies:

1.950.000,00

1.795.000,00

896.000,00

792.813,00

819.000,00

2. Receivables from group companies:

2.878.000,00

3.831.000,00

0,00

3. Equity investment in associated companies:

0,00

4. Credits to associated companies:

0,00

5. Long-term securities portfolio:

0,00

17.114,00

25.000,00

6. Other receivables:

0,00

7. Long term guarantees and deposits:

835.000,00

767.000,00

708.000,00

752.612,00

772.000,00

8. Provisions:

0,00

-117.539,00

0,00

9. Long-term receivables from public bodies:

0,00

V. Own shares:

0,00

VI. Long-term trade receivables:

0,00

C) Deferred expenses:

0,00

D) CURRENT ASSETS:

169.407.000,00

184.812.000,00

230.766.000,00

164.286.000,00

158.918.000,00

I. Called-up share capital (not paid):

0,00

II. Stocks:

1.136.000,00

427.000,00

24.258.000,00

377.000,00

2.679.000,00

1. Goods for resale:

1.136.000,00

0,00

24.258.000,00

0,00

2.679.000,00

2. Raw materials and other consumables:

0,00

376.859,00

0,00

3. Goods in process and semifinished ones:

0,00

4. Finished products:

0,00

5. Byproducts, scrap and recovered materials:

0,00

6. Payments on account:

0,00

427.000,00

0,00

141,00

0,00

7. Provisions:

0,00

III. Debtors:

124.843.000,00

144.769.000,00

144.355.000,00

117.827.000,00

138.813.000,00

1. Trade debtors / accounts receivable:

118.243.000,00

134.541.000,00

137.547.000,00

98.477.801,00

122.677.000,00

2. Accounts receivable, Group companies:

5.312.000,00

7.374.000,00

3.845.000,00

16.166.653,00

14.329.000,00

3. Accounts receivable, associated companies:

0,00

4. Other debtors:

25.000,00

1.261.000,00

194.000,00

2.105.537,00

1.747.000,00

5. Staff:

80.000,00

29.000,00

53.000,00

55.090,00

0,00

6. Public bodies:

1.183.000,00

1.564.000,00

2.716.000,00

2.322.464,00

60.000,00

7. Provisions:

0,00

-1.300.545,00

0,00

IV. Short-term investments:

20.896.000,00

13.637.000,00

46.702.000,00

13.914.000,00

10.849.000,00

1. Equity investments in group companies:

0,00

2. Receivables from group companies:

16.625.000,00

13.356.000,00

12.191.000,00

0,00

7.885.000,00

3. Equity investment in associated companies:

0,00

4. Credits to associated companies:

0,00

5. Short term securities portfolio:

4.256.000,00

281.000,00

29.904.000,00

0,00

2.957.000,00

6. Other receivables:

0,00

4.607.000,00

13.914.000,00

0,00

7. Shor term guarantees and deposits:

15.000,00

0,00

7.000,00

8. Provisions:

0,00

V. Short-term treasury shares:

0,00

VI. Cash at bank and in hand:

22.477.000,00

25.931.000,00

15.404.000,00

32.168.000,00

6.577.000,00

VII. Prepayments and accrued income:

55.000,00

48.000,00

47.000,00

0,00

GENERAL TOTAL (A + B + C + D):

180.323.000,00

196.809.000,00

238.237.000,00

173.411.000,00

170.416.000,00

MERCANTILE REGISTRY.

EQUIVALENCIA

LIABILITIES

2012

2011

2010

2009

2008

A) EQUITY:

32.177.000,00

32.036.000,00

30.783.000,00

29.901.000,00

29.906.000,00

I. Subscribed capital:

5.250.000,00

II. Share premium:

0,00

III. Revaluation reserves:

0,00

IV. Reserves:

22.061.000,00

21.070.000,00

21.063.000,00

19.407.000,00

20.402.000,00

1. Legal reserve:

1.052.000,00

1.006.738,00

1.052.000,00

2. Reserves for own shares:

0,00

3. Reserves for shares of the controlling company:

0,00

4. Statutory reserves:

0,00

5. Miscellaneous reserves:

21.009.000,00

20.018.000,00

20.011.000,00

18.400.262,00

19.350.000,00

Differences due to capital adjustement to euros:

0,00

V. Profit or loss brought forward:

0,00

1. Retained earnings:

0,00

2. Prior year losses:

0,00

3. Partners' contributions so as to compensate losses:

0,00

VI. Profit or loss for the financial year:

6.616.000,00

10.179.000,00

8.757.000,00

8.919.000,00

11.027.000,00

VII. Interim dividend paid:

-1.750.000,00

-4.463.000,00

-4.287.000,00

-3.675.000,00

-6.773.000,00

VIII. Own shares for capital reduction:

0,00

B) Deferred income:

0,00

1. Capital grants:

0,00

2. Unrealised exchange gains:

0,00

3. Other deferred income:

0,00

4. Public revenues to distribute in several financial years:

0,00

C) PROVISIONS FOR LIABILITIES AND CHARGES:

5.334.000,00

5.985.000,00

7.063.000,00

5.104.000,00

769.000,00

1. Provisions for pension fund and other similar obligations:

91.000,00

41.000,00

0,00

2. Provisions for taxes:

0,00

3. Other provisions:

5.243.000,00

5.894.000,00

7.022.000,00

5.104.000,00

769.000,00

4. Reversion fund:

0,00

D) LONG TERM LIABILITIES:

1.805.000,00

2.452.000,00

1.572.000,00

1.343.000,00

871.000,00

I. Issued debentures and other marketable securities:

0,00

743.000,00

0,00

1. Non-convertible debentures:

0,00

743.000,00

0,00

2. Convertible debentures:

0,00

3. Other debt securities:

0,00

II. Amounts owed to credit institutions:

645.000,00

1.168.000,00

591.000,00

600.000,00

871.000,00

1. Loans and other liabilities:

0,00

2. Long-term liabilities from capital leases:

645.000,00

1.168.000,00

591.000,00

600.000,00

871.000,00

III. Debts with companies of the group and affiliated ones:

0,00

1. Amounts owed to group companies:

0,00

2. Amounts owed to associated companies:

0,00

IV. Other creditors:

1.160.000,00

1.284.000,00

981.000,00

0,00

1. Long-term bills of exchange payable:

0,00

2. Other creditors:

689.000,00

840.000,00

981.000,00

0,00

3. Long term guarantees and deposits received:

0,00

4. Long term payables to public bodies:

471.000,00

444.000,00

0,00

V. Unpaid portion of equity investment:

0,00

1. Group companies:

0,00

2. Associated companies:

0,00

3. Third parties:

0,00

VI. Long term trade creditors:

0,00

E) SHORT TERM CREDITORS:

141.007.000,00

156.336.000,00

198.819.000,00

137.063.000,00

138.870.000,00

I. Issued debentures and other marketable securities:

0,00

1. Non-convertible debentures:

0,00

2. Convertible debentures:

0,00

3. Other debt securities:

0,00

4. Accrued interest on debentures and other debt securities:

0,00

II. Amounts owed to credit institutions:

19.279.000,00

12.301.000,00

21.299.000,00

9.529.000,00

30.524.000,00

1. Loans and other liabilities:

18.714.000,00

11.577.000,00

20.924.000,00

9.162.000,00

30.259.000,00

2. Accrued interest on liabilities with credit institutions:

0,00

3. Short-term liabilities from capital leases:

565.000,00

724.000,00

375.000,00

367.000,00

265.000,00

III. Short-term amounts owed to group and associated companies:

5.847.000,00

1.781.000,00

3.155.000,00

2.288.769,00

5.553.000,00

1. Amounts owed to group companies:

5.847.000,00

1.781.000,00

3.155.000,00

2.288.769,00

5.553.000,00

2. Amounts owed to associated companies:

0,00

IV. Trade creditors:

105.006.000,00

125.639.000,00

156.567.000,00

105.401.231,00

87.897.000,00

1. Advanced payments from customers:

19.597.000,00

38.489.000,00

67.739.000,00

0,00

34.700.000,00

2. Amounts owed for purchases of goods or services:

85.409.000,00

87.150.000,00

88.828.000,00

41.814.231,00

53.197.000,00

3. Debts represented by notes payable:

0,00

63.587.000,00

0,00

V. Other creditors:

10.803.000,00

16.450.000,00

16.054.000,00

18.145.000,00

12.334.000,00

1. Public bodies:

5.165.000,00

6.686.000,00

4.434.000,00

0,00

3.035.000,00

2. Bills of exchange payable:

0,00

3. Miscellaneous debts:

1.837.000,00

4.001.000,00

4.774.000,00

18.145.000,00

4.532.000,00

4. Wages and salaries payable:

3.801.000,00

5.763.000,00

6.846.000,00

0,00

4.767.000,00

5. Guarantees and deposits received at short term:

0,00

VI. Provisions:

72.000,00

165.000,00

1.744.000,00

1.699.000,00

2.562.000,00

VII. Prepayments and accrued income:

0,00

F) SHORT-TERM PROVISIONS FOR LIABILITIES AND CHARGES:

0,00

GENERAL TOTAL (A + B + C + D + E + F):

180.323.000,00

196.809.000,00

238.237.000,00

173.411.000,00

170.416.000,00

MERCANTILE REGISTRY.

EQUIVALENCIA

DEBIT

2012

2011

2010

2009

2008

A) CHARGES (A.1 to A.15):

223.675.000,00

279.862.000,00

224.475.000,00

219.404.000,00

238.022.000,00

A.1. Stock reduction of both manufactured goods and the ones in process:

0,00

A.2. Supplies:

112.798.000,00

159.475.000,00

120.881.000,00

99.850.000,00

124.240.000,00

a) Stock consumption:

0,00

1.931.278,00

0,00

b) Consumption of raw materials and miscellaneous consumable ones:

72.142.000,00

102.898.000,00

71.241.000,00

34.858.850,00

63.154.000,00

c) Miscellaneous external expenditure:

40.656.000,00

56.577.000,00

49.640.000,00

63.059.873,00

61.086.000,00

A.3. Staff costs:

73.744.000,00

85.528.000,00

74.259.000,00

77.689.000,00

77.626.000,00

a) Wages, salaries et al.:

59.198.000,00

69.270.000,00

59.293.000,00

63.396.290,00

62.930.000,00

b) Social security costs:

14.546.000,00

16.258.000,00

14.966.000,00

14.292.710,00

14.696.000,00

A.4. Depreciation expense:

1.989.000,00

2.352.000,00

2.742.000,00

3.219.000,00

2.799.000,00

A.5. Variation of trade provisions and losses of unrecovered receivables:

252.000,00

236.000,00

-56.000,00

457.180,00

587.000,00

a) Stock provision variation:

0,00

b) Variation in provision and bad debt losses:

251.341,00

235.383,00

-55.853,00

455.984,00

585.464,00

c) Variation of other trade provisions:

659,00

617,00

-147,00

1.196,00

1.536,00

A.6. Other operating charges:

28.332.000,00

26.291.000,00

20.586.000,00

26.858.820,00

25.769.000,00

a) External services:

27.438.000,00

25.879.000,00

20.204.000,00

26.122.927,00

25.389.000,00

b) Taxes:

894.000,00

412.000,00

382.000,00

735.893,00

380.000,00

c) Other operating expenses:

0,00

d) Allocation to revision fund:

0,00

A.I. OPERATING BENEFITS (B.1+B.2+B.3+B.4-A.1-A.2-A.3-A.4-A.5-A.6):

10.955.000,00

12.503.000,00

14.286.000,00

19.750.000,00

17.869.000,00

A.7. Financial and similar charges:

2.561.000,00

1.861.000,00

526.000,00

1.119.000,00

2.104.000,00

a) Due to liabilities with companies of the group:

0,00

b) Due to liabilities with associated companies:

0,00

c) Due to other debts.:

2.561.000,00

1.861.000,00

526.000,00

1.119.000,00

2.104.000,00

d) Losses from financial investments:

0,00

A.8. Changes in financial investment provisions:

0,00

A.9. Exchange losses:

1.009.000,00

0,00

2.000,00

0,00

A.II. NET FINANCIAL INCOME (B.5+B.6+B.7+B.8-A.7-A.8-A.9):

0,00

1.795.000,00

6.000,00

0,00

A.III. PROFIT FROM ORDINARY ACTIVITIES (A.I+A.II-B.I-B.II):

9.598.000,00

14.298.000,00

14.292.000,00

19.130.000,00

15.924.000,00

A.10. Changes in provisions for intangible, tangible and securities portfolio:

-99.000,00

515.000,00

1.685.000,00

6.246.000,00

125.000,00

A.11. Losses from tangible and intangible fixed assets and securities portfolio:

0,00

A.12. Losses from transactions with own shares and debentures:

0,00

A.13. Extraordinary expenses:

404.000,00

16.000,00

5.000,00

185.000,00

0,00

A.14. Expenses and losses of former financial years:

0,00

A.IV. EXTRAORDINARY PROFIT (B.9+B.10+B.11+B.12+B.13-A.10-A.11-A.12-A.13-A.14):

0,00

A.V. PROFIT BEFORE TAXES (A.III+A.IV-B.III-B.IV):

9.301.000,00

13.767.000,00

12.602.000,00

12.699.000,00

15.799.000,00

A.15. Corporation tax:

2.685.000,00

3.588.000,00

3.845.000,00

3.780.000,00

4.772.000,00

A.16. Miscellaneous taxes:

0,00

A.VI. FINANCIAL YEAR RESULTS (PROFIT) (A.V-A.15-A.16):

6.616.000,00

10.179.000,00

8.757.000,00

8.919.000,00

11.027.000,00

MERCANTILE REGISTRY.

EQUIVALENCIA

CREDIT

2012

2011

2010

2009

2008

B) INCOME ( B.1 to B.13):

230.291.000,00

290.041.000,00

233.232.000,00

228.323.000,00

249.049.000,00

B.1. Net total sales:

227.920.000,00

285.371.000,00

232.397.000,00

227.722.000,00

248.728.000,00

a) Sales:

227.920.000,00

285.371.000,00

232.397.000,00

227.722.000,00

248.728.000,00

b) Rendering of services:

0,00

Returns and Rappel on sales:

0,00

B.2. Stock increase of manufactured goods and products in process:

0,00

B.3. Works performed by the company for fixed assets:

23.000,00

0,00

42.000,00

64.000,00

B.4. Miscellaneous operating income:

127.000,00

1.014.000,00

301.000,00

60.000,00

98.000,00

a) Auxiliary income and other from current management:

135.000,00

1.018.000,00

245.000,00

10.000,00

98.000,00

b) Grants:

-8.000,00

-4.000,00

56.000,00

0,00

c) Liabilities and charges provisions surplus:

0,00

50.000,00

0,00

B.I. PÉRDIDAS DE EXPLOTACIÓN (A.1+A.2+A.3+A.4+A.5-A.6-B.1-B.2-B.3-B.4):

0,00

B.5. Income from equity investment:

1.368.000,00

2.130.000,00

5.000,00

148.000,00

13.000,00

a) In companies of the group:

1.368.000,00

2.130.000,00

5.000,00

148.000,00

13.000,00

b) In associated companies:

0,00

c) Third parties:

0,00

B.6. Income from other marketable securities and long-term receivables:

0,00

a) From companies of the group:

0,00

b) From associated companies:

0,00

c) From companies out of the group:

0,00

B.7. Miscellaneous interests or similar income:

845.000,00

1.038.000,00

529.000,00

0,00

136.000,00

a) From companies of the group:

452.000,00

49.000,00

0,00

b) From associated companies:

0,00

c) Miscellaneous interests:

393.000,00

989.000,00

529.000,00

0,00

136.000,00

d) Profit on financial investment:

0,00

B.8. Exchange positive differences:

0,00

488.000,00

0,00

351.000,00

10.000,00

B.II. NEGATIVE FINANCIAL RESULTS (A.7+A.8+A.9-B.5-B.6-B.7-B.8):

1.357.000,00

0,00

620.000,00

1.945.000,00

B.III. LOSSES ON ORDINARY ACTIVITIES ( B.I + B.II - A.I - A.II ):

0,00

B.9.Profit on disposal of both tangible and intangible fixed assets and securities portfolio:

8.000,00

0,00

B.10. Profit on transactions with own shares and debentures:

0,00

B.11. Capital grants transferred to profit and loss:

0,00

B.12. Extraordinary income:

0,00

B.13. Income and profit of former financial years:

0,00

B.IV. NEGATIVE EXTRAORDINARY RESULTS (A.10+A.11+A.12+A.13+A.14-B.9-B.10-B.11-B.12-B.13):

297.000,00

531.000,00

1.690.000,00

6.431.000,00

125.000,00

B.V. LOSSES BEFORE TAXES (B.III+B.IV-A.III-A.IV):

0,00

B.VI. RESULT OF THE PERIOD (LOSSES) (B.V+A.15+A.16):

0,00

MERCANTILE REGISTRY.

CASH FLOW STATEMENT

2012

2011

2010

2009

2008

1. Fiscal year result before taxes.: 61100

9.301.000,00

13.767.000,00

12.602.000,00

12.699.000,00

15.799.000,00

2. Results adjustments.: 61200

2.755.000,00

486.000,00

6.123.000,00

11.815.000,00

5.466.000,00

a) Fixed Assets Amortization (+).: 61201

1.989.000,00

2.352.000,00

2.742.000,00

3.219.000,00

2.799.000,00

b) Obsolescence Allowances (+/-). : 61202

153.000,00

751.000,00

1.629.000,00

7.841.000,00

712.000,00

c) Variation in Provision (+/-). : 61203

-744.000,00

-822.000,00

1.758.000,00

135.000,00

0,00

g) Financial income (-).: 61207

-2.213.000,00

-3.168.000,00

-534.000,00

-148.000,00

-149.000,00

h) Financial Expenses (+). : 61208

2.561.000,00

1.861.000,00

526.000,00

1.119.000,00

2.104.000,00

i) Exchange differences (+/-). : 61209

1.009.000,00

-488.000,00

2.000,00

-351.000,00

0,00

3. Changes in current capital equity.: 61300

-3.669.000,00

-12.861.000,00

10.005.000,00

29.608.000,00

13.156.000,00

a) Stock (+/-).: 61301

-709.000,00

23.831.000,00

-23.881.000,00

2.302.000,00

5.112.000,00

d) Debtors and other accounts receivable (+/-). : 61302

19.944.000,00

-2.652.000,00

-25.988.000,00

20.908.000,00

-6.870.000,00

c) Other current assets (+/-). : 61303

-22.000,00

-7.303.000,00

-5.013.000,00

7.000,00

3.267.000,00

d) Creditors and other accounts payable (+/-). : 61304

-22.882.000,00

-25.521.000,00

62.669.000,00

6.549.000,00

11.647.000,00

e) Other current liabilities (+/-).: 61305

0,00

-1.157.000,00

2.208.000,00

0,00

f) Other non-current assets and liabilities (+/-).: 61306

0,00

-59.000,00

10.000,00

-158.000,00

0,00

4. Other cash flows for operating activities.: 61400

-2.602.000,00

-1.578.000,00

-4.586.000,00

-6.181.000,00

-6.985.000,00

a) Interest payments (-). : 61401

-2.561.000,00

-1.861.000,00

-526.000,00

-1.119.000,00

-1.952.000,00

b) Dividend payment collection (+). : 61402

1.368.000,00

2.130.000,00

0,00

c) Interest collection (+). : 61403

845.000,00

1.038.000,00

534.000,00

146.000,00

149.000,00

d) Income tax payment collection (payments) (+/-).: 61404

-2.254.000,00

-2.885.000,00

-4.594.000,00

-5.208.000,00

-5.182.000,00

5. Operating activity cash flows (1 + 2 + 3 + 4) : 61500

5.785.000,00

-186.000,00

24.144.000,00

47.941.000,00

27.436.000,00

6. Payments for investment (-).: 62100

-5.550.000,00

-2.162.000,00

-5.455.000,00

-7.046.000,00

-12.836.000,00

a) Companies of the group and affiliates. : 62101

-3.835.000,00

-73.000,00

-1.608.000,00

660.000,00

-8.375.000,00

b) Intangible fixed assets. : 62102

-13.000,00

-38.000,00

-17.000,00

-113.000,00

-137.000,00

c) Fixed assets. : 62103

-1.634.000,00

-2.051.000,00

-912.000,00

-904.000,00

-4.324.000,00

e) Other financial assets. : 62105

-68.000,00

0,00

-2.918.000,00

-6.689.000,00

0,00

7. Divestment payment collection (+). : 62200

917.000,00

5.776.000,00

0,00

a) Companies of the group and affiliates. : 62201

908.000,00

0,00

c) Fixed assets. : 62203

9.000,00

0,00

e) Other financial assets. : 62205

0,00

5.776.000,00

0,00

8. Investment activity cash flows (6 + 7) minus Amortization: 62300

-4.633.000,00

3.614.000,00

-5.455.000,00

-7.046.000,00

-12.836.000,00

9. Payment collection and payments for equity instruments. : 63100

0,00

10. Payment collection and payments for financial liabilities instruments.: 63200

4.140.000,00

-8.562.000,00

-2.286.000,00

-6.238.000,00

2.482.000,00

a) Issuance : 63201

6.455.000,00

-8.562.000,00

11.761.000,00

-6.238.000,00

2.482.000,00

2. Debts incurred with credit institutions (+). : 63203

6.455.000,00

-8.421.000,00

11.761.000,00

-21.266.000,00

2.482.000,00

5. Other debts (+). : 63206

0,00

-141.000,00

0,00

15.028.000,00

0,00

b) Repayment and amortization of : 63207

-2.315.000,00

0,00

-14.047.000,00

0,00

5. Other debts (-). : 63212

-2.315.000,00

0,00

-14.047.000,00

0,00

11. Payments from dividends and remunerations from other assets instruments. : 63300

-3.762.000,00

-9.450.000,00

-8.261.000,00

-12.023.000,00

-12.651.000,00

a) Dividends (-).: 63301

-3.762.000,00

-9.450.000,00

-8.261.000,00

-12.023.000,00

-12.651.000,00

12. Cash flows for financing activities (9+10+11).: 63400

378.000,00

-18.012.000,00

-10.547.000,00

-18.261.000,00

-10.169.000,00

D) EFECTO DE LAS VARIACIONES DE LOS TIPOS DE CAMBIO: 64000

-1.009.000,00

488.000,00

-2.000,00

0,00

E) NET INCREASE/DECREASE OF CASH OR EQUIVALENT ASSETS (+/-5+/-8+/12+/-D) : 65000

521.000,00

-14.096.000,00

8.140.000,00

22.634.000,00

4.431.000,00

Cash or equivalent assets as of beginning of the fiscal year.: 65100

26.212.000,00

40.308.000,00

32.168.000,00

9.534.000,00

5.103.000,00

Cash or equivalent assets as of end of the fiscal year.: 65200

26.733.000,00

26.212.000,00

40.308.000,00

32.168.000,00

9.534.000,00

FINANCIAL DIAGNOSIS

Data used in the following ratios and indicators is taken from the Annual Accounts submitted by the company to the TRADE REGISTER.

Cash Flow

2012

2011

Variación 2012 - 2011

Empresa

Sector

Empresa

Sector

Empresa

Sector

Cash Flow over Sales:

0,00 %

0,01 %

-0,05 %

0,00 %

104,63 %

EBITDA over Sales:

5,68 %

9,62 %

5,21 %

10,05 %

9,10 %

-4,33 %

Cash Flow Yield:

0,00 %

0,01 %

-0,07 %

0,00 %

104,03 %

Profitability

2012

2011

Variación 2012 - 2011

Empresa

Sector

Empresa

Sector

Empresa

Sector

Operating economic profitability:

6,94 %

5,73 %

7,06 %

6,97 %

-1,75 %

-17,82 %

Total economic profitability:

6,58 %

2,95 %

7,94 %

4,20 %

-17,16 %

-29,79 %

Financial profitability:

20,56 %

2,64 %

31,77 %

5,91 %

-35,29 %

-55,33 %

Margin:

4,81 %

5,20 %

4,37 %

6,33 %

10,10 %

-17,77 %

Mark-up:

4,26 %

2,19 %

4,81 %

4,73 %

-11,58 %

-53,81 %

Solvency

2012

2011

Variación 2012 - 2011

Empresa

Sector

Empresa

Sector

Empresa

Sector

Liquidity:

0,19

0,13

0,17

0,11

13,01

21,67

Acid Test:

1,19

0,87

1,18

0,83

0,96

5,25

Working Capital / Investment:

0,16

0,03

0,14

0,03

7,82

34,55

Solvency:

1,20

1,23

1,18

1,16

1,57

5,58

Indebtedness

2012

2011

Variación 2012 - 2011

Empresa

Sector

Empresa

Sector

Empresa

Sector

Indebtedness level:

3,81

1,54

4,17

1,61

-8,79

-4,39

Borrowing Composition:

0,01

1,13

0,02

1,01

-18,43

12,05

Repayment Ability:

273,97

78,43

-11,25

472,99

2.534,66

-83,42

Warranty:

1,26

1,66

1,24

1,63

1,82

1,89

Generated resources / Total creditors:

0,06

0,08

0,07

-27,54

7,41

Efficiency

2012

2011

Variación 2012 - 2011

Empresa

Sector

Empresa

Sector

Empresa

Sector

Productivity:

1,18

1,74

1,17

1,72

0,16

1,23

Turnover of Collection Rights :

1,83

4,98

1,98

4,48

-7,45

10,96

Turnover of Payment Entitlements:

1,21

3,56

1,33

3,26

-9,11

9,03

Stock rotation:

191,12

7,14

641,41

6,15

-70,20

16,09

Assets turnover:

1,44

1,10

1,62

1,10

-10,77

-0,05

Borrowing Cost:

1,79

3,08

1,17

2,91

52,93

5,82

> Trend of indicators under the General Accounting Plan of 2007 (2012, 2011, 2010, 2009, 2008)

Cash Flow

2012

2011

2010

2009

2008

Cash Flow over Sales:

0,00 %

-0,05 %

0,04 %

0,10 %

1,78 %

EBITDA over Sales:

5,68 %

5,21 %

7,33 %

10,06 %

8,31 %

Cash Flow Yield:

0,00 %

-0,07 %

0,03 %

0,13 %

2,60 %

Profitability

2012

2011

2010

2009

2008

Operating economic profitability:

6,94 %

7,06 %

6,65 %

12,50 %

11,11 %

Total economic profitability:

6,58 %

7,94 %

5,51 %

7,97 %

10,51 %

Financial profitability:

20,56 %

31,77 %

28,45 %

29,83 %

36,87 %

Margin:

4,81 %

4,37 %

6,14 %

8,67 %

7,18 %

Mark-up:

4,26 %

4,81 %

5,42 %

5,66 %

6,35 %

Solvency

2012

2011

2010

2009

2008

Liquidity:

0,19

0,17

0,20

0,24

0,07

Acid Test:

1,19

1,18

1,04

1,20

1,15

Working Capital / Investment:

0,16

0,14

0,13

0,15

0,13

Solvency:

1,20

1,18

1,17

1,21

1,17

Indebtedness

2012

2011

2010

2009

2008

Indebtedness level:

3,81

4,17

5,25

3,91

4,47

Borrowing Composition:

0,01

0,02

0,01

Repayment Ability:

273,97

-11,25

24,40

6,04

6,45

Warranty:

1,26

1,24

1,20

1,27

1,24

Generated resources / Total creditors:

0,06

0,08

0,07

0,13

0,10

Efficiency

2012

2011

2010

2009

2008

Productivity:

1,18

1,17

1,23

1,30

1,27

Turnover of Collection Rights :

1,83

1,98

1,63

1,96

1,79

Turnover of Payment Entitlements:

1,21

1,33

0,84

1,20

1,51

Stock rotation:

191,12

641,41

9,00

551,92

86,23

Assets turnover:

1,44

1,62

1,08

1,44

1,55

Borrowing Cost:

1,79

1,17

0,26

0,82

1,53

COMPARATIVE SECTORIAL BALANCE

Sector-based Comparison under the rules of the New General Accounting Plan.

Variación -

Empresa

Sector

Variación -

Empresa

Sector

Variación -

Empresa

Sector

News

Levante-emv.com

27/10/2013

Licitan la instauración del ancho estándar en el tramo del corredor de Castelló a Vinaròs

Companies related

TECSA EMPRESA CONSTRUCTORA SOCIEDAD ANONIMA

DRAGADOS SOCIEDAD ANONIMA

El Periódico de Aragón

26/10/2013

Adjudican la conservación de la catenaria del AVE

Companies related

SIEMENS SA

EYM INSTALACIONES SA

INSTALACIONES INABENSA SA

Public Tenders and Works Won

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

PLAN DE TRATAMIENTO DE LAC EN EL AMBITO DE LA JEFATURA DE AREA DE MANTENIMIENTO DE MADRID SUR DURANTE EL MES DE AGOSTO DE 2013

Date Awarded:

28/08/2013

Cost:

44.993,89 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

PLAN TRATAMIENTO DE L A C EN EL AMBITO DE LA JEFATURA DE AREA DE MANTENIMIENTO DE MADRID SUR DURANTE EL MES DE JUNIO DE 2013

Date Awarded:

03/06/2013

Cost:

44.993,89 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

PLAN DE TRATAMIENTO DEL LAC EN EL AMBITO DE LA JEFATURA DE AREA DE MANTENIMIENTO DE MADRID SUR DURANTE EL MES DE MAYO DE 2013

Date Awarded:

30/04/2013

Cost:

44.496,38 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

PLAN DE TRATAMIENTO DE L A C EN EL AMBITO DE LA JEFATURA DE AREA DE MANTENIMIENTO DE MADRID SUR DURANTE EL MES DE ABRIL DE 2013

Date Awarded:

03/04/2013

Cost:

44.438,21 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

PLAN DE TRATAMIENTO DEL LAC EN EL AMBITO DE LA JEFATURA DE AREA DE MANTENIMIENTO DE MADRID SUR

Date Awarded:

27/02/2013

Cost:

44.518,26 EURO.

Organisation that calls the tender:

CONSEJERIA DE ECONOMIA Y HACIENDA DE LA COMUNIDAD AUTONOMA DE EXTREMADURA

Objective of Tender:

Servicio de mantenimiento integral y gestión técnica del edificio Morerías sede de varias consejerías de la Junta de Extremadura.

Date Awarded:

18/12/2012

Cost:

194.967,65 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

SUSTITUCION DE MATERIALES, MODERNIZACION DE CATENARIA, PALENCIA LEON ENTRE LOS CANTONES 95 Y 98, L VENTA DE BAÑOS GIJON SANZ CRESPO

Date Awarded:

22/11/2012

Cost:

155.898,54 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

TRATAMIENNTO DE CATENARIA EN LA ESTACION DE OURENSE POR CIRCULACIONES AVE, L MONFORTE VIGO

Date Awarded:

16/10/2012

Cost:

126.706,18 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

REPARACION DEFINITIVA DE AVERIA EN GRUPO RECTIFICADOR DE SS EE DE MIERES EL 15 09 2011 L LEON GIJON

Date Awarded:

14/09/2012

Cost:

233.097,13 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

REPARACION DE CABLE DE ACERO 12 COLAS ,ANCLAJE T QUINTANA VILLAQUIRAN Y CABLE GUARDA ESTACIONES INTERMEDIAS L MADRID HENDAIA

Date Awarded:

31/08/2012

Cost:

131.000,23 EURO.

Organisation that calls the tender:

MINISTERIO DE DEFENSA

Objective of Tender:

COMPLEMENTARIO DE LA OBRA LAS PALMAS TELDE ELIMINACION CENTROS DE TRANSFORMACION DE EL GORO Y CUATRO PUERTAS Y SUSTITUCION DE LINEA AEREA B A GANDO

Date Awarded:

30/08/2012

Cost:

26.391,19 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

FINALIZACION DE SUSTITUCION DE DISYUNTORES EXTRARRAPIDOS EN SS EE CON CAMARAS APAGACHISPAS QUE CONTIENEN AMIANTO EN LA LINEA SEVILLA CADIZ

Date Awarded:

17/08/2012

Cost:

122.062,39 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

SUMINISTRO DE MATERIALES PARA REPUESTOS DE LAC DE LA LAV CORDOBA MALAGA

Date Awarded:

26/07/2012

Cost:

476.924,65 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

SUSTITUCION, NORMALIZACION Y SUPRESION DEL CABLE DE TIERRA EN T ORENSE ESTACION DE BARBANTES INCLUSIVE, L MONFORTE VIGO

Date Awarded:

18/07/2012

Cost:

97.742,54 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

ALIMENTACION EDIFICIO TECNICO DE FIGUERAS DESDE UN NUEVO CENTRO DE TRANSFORMACION

Date Awarded:

21/06/2012

Cost:

132.000,00 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

REMODELACION DE LA ESTACION DE PUERTOLLANO DE LA LINEA DE ALTA VELOCIDAD MADRID SEVILLA ELECTRIFICACION

Date Awarded:

24/05/2012

Cost:

470.475,98 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

ADAPTACION DE LA SUBESTACION DE TRACCION DE GLORIAS PARA ALBERGAR UNA SEGUNDA ACOMETIDA ELECTRICA DE A T

Date Awarded:

08/05/2012

Cost:

310.784,65 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

INSTALACION DE LINEA NUMERO 2 DE SUMINISTRO DE ENERGIA A 750V EN EL TRAYECTO MADRID SUR MEJORADA DEL CAMPO LINEA DE ALTA VELOCIDAD MADRID BARCELONA FRONTERA FRANCESA

Date Awarded:

12/04/2012

Cost:

321.059,47 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

SUMINISTRO DE REPUESTOS PARA MANTENIMIENTO DE LAC Y SSAA DE LA LAV MADRID BARCELONA FRONTERA FRANCESA

Date Awarded:

15/03/2012

Cost:

117.926,11 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

REVISION Y SUSTITUCION DE MATERIALES CRITICOS DE LA LAC EN EL TRAMO PALENCIA LEON BUSDONGO, L VENTA DE BAÑOS GIJON

Date Awarded:

07/03/2012

Cost:

103.785,00 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

CERCANIAS DE BILBAO, PREVENCION DE INCIDENCIAS EN CATENARIA, SUSTITUCION DE PROTECCIONES, TOMAS DE TIERRA Y CABLE GUARDA

Date Awarded:

16/11/2011

Cost:

131.433,00 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

100 TUBOS DE CALEFACCION 240 V 50 HZ

Date Awarded:

13/10/2011

Cost:

19.253,00 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

SUMINISTRO DE CABLE DE BRONCE 16 84

Date Awarded:

03/08/2011

Cost:

33.860,00 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

REPARACION DEFINITIVA DESCARRILO ESTACION DE PUENTE DE LOS FIERROS, L VENTA DE BAÑOS GIJON, ELECTRIFICACION

Date Awarded:

18/04/2011

Cost:

37.909,79 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

SUSTITUCION ELEMENTOS CRITICOS L A C L VENTA DE BAÑOS SANTANDER TRAMO AGUILAR DE CAMPOO SANTANDER

Date Awarded:

15/04/2011

Cost:

169.885,95 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

INSTALACION DE GESTORES DE PROTECCION EN SS EE DE LA LINEA DE LEON GIJON

Date Awarded:

08/04/2011

Cost:

65.036,12 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

REHABILITACION SUBESTACION ELECTRICA DE TRACCION DE TABLADA L VILLALBA SEGOVIA

Date Awarded:

22/02/2011

Cost:

654.848,49 EURO.

Organisation that calls the tender:

RED NACIONAL DE LOS FERROCARRILES ESPAÑOLES RENFE

Objective of Tender:

ADECUACION DE LOCALES TECNICOS EN ESTACIONES PARA SERVICIOS DE R ENFE OPERADORA ESTACIONES DE MALAGA LOTE1

Date Awarded:

09/02/2011

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

SUSTITUCION DE RECTIFICADORES DE TRACCION EN SS EE DE OURENSE Y RIBADAVIA LINEA MONFORTE VIGO

Date Awarded:

01/02/2011

Cost:

120.975,88 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

NO LOTE 1 GERENCIA DE MANTENIMIENTIO DE CORDOBA L SEVILLA MADRID

Date Awarded:

07/12/2010

Cost:

172.690,77 EURO.

Organisation that calls the tender:

REDES DE TELECOMUNICACION GALEGAS RETEGAL, S.A.

Objective of Tender:

SUMINISTRO E INSTALACION DE TRES TORRES DE TELECOMUNICACIONES PARA LA EXTENSION DEL PLAN DIRECTOR DE BANDA ANCHA 2010 2013 EN LAS PROVINCIAS DE LUGO Y OURENSE

Date Awarded:

04/12/2010

Cost:

123.310,00 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

SUSTITUCION DE EQUIPOS CON PCB EN LA GERENCIA DE MANTENIMIENTO DE BURGOS

Date Awarded:

25/11/2010

Cost:

436.092,32 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

REHABILITACION DE PROTECCIONES EN SUBESTACIONES DEL TRAMO LEON GIJON

Date Awarded:

24/11/2010

Cost:

266.221,66 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

NO LOTE 2 GERENCIA MANTENIMIENTO CORDOBA LINEA CORDOBA MALAGA

Date Awarded:

29/10/2010

Cost:

165.707,38 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

SUMINISTRO DE REPUESTOS DE PRIMER ESTABLECIMIENTO PARA ELMANTENIMIENTO DE LA LINEA AEREA DE CONTACTO Y SS A

Date Awarded:

19/10/2010

Cost:

905.270,40 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

REPARACION DE PRODUCTOS NO CONFORME SUSTITUCION DE H C DESGASTADO EN LA ESTACION DE VILLANUEVA DE GALLEGO P K

Date Awarded:

02/09/2010

Cost:

57.166,81 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

SUSTITUCION DE MATERIALES CRITICOS Y NORMALIZACION DE SECCIONAMIENTOS ESTACION DE SAHAGUN, L VENTA DE BAÑOS

Date Awarded:

13/05/2010

Cost:

126.914,59 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

DESDOBLAMIENTO DE SECCIONADORES DE PUNTA DE FEEDER EN LAS SSEE SISTEMAS 2X25 LAV MADRID BARCELONA

Date Awarded:

13/05/2010

Cost:

196.305,10 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

REPARACION LINEA 15 KV ENTRE ZAMORA Y P SANABRIA PARA ADAPTACION A LAS NORMAS VIGENTES L ZAMORA CORU A

Date Awarded:

02/03/2010

Cost:

92.578,55 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

REHABILITACION Y MODERNIZACION DE LA CATENARIA DEL TRAMO POLA DE LENA SOTO DEL REY

Date Awarded:

04/02/2010

Cost:

1.822.456,44 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

MONTAJE SECCIONADORES DE PUENTEO ESTAC CARRASCAL, ZUASTI,HUARTE Y TELEMANDO DESDE PCO DE MIRANDA L Z A

Date Awarded:

02/02/2010

Cost:

156.474,25 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

MONTAJE DE SECCIONADORES DE PUENTEO EN SUBESTACION DE CIZUR Y TELEMANDO DESDE PCO DE MIRANDA L Z A

Date Awarded:

21/01/2010

Cost:

73.830,24 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

REHABILITACION Y MODERNIZACION DE LA CATENARIA DEL TRAMO BARAKALDO OLABEAGA

Date Awarded:

02/12/2009

Cost:

1.149.814,48 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

SUSTITUCION Y NORMALIZACION CABLE TIERRA POR INCIDENCIAEL 20 08 09 T BARBANTES EST RIBADAVIA L MONFORTE VIGO

Date Awarded:

06/11/2009

Cost:

115.564,32 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

MEJORA DE ELEMENTOS DE CATENARIA EN EL TRAYECTO MEDINA DEL CAMPO POZALDEZ L MADRID HENDAYA

Date Awarded:

13/10/2009

Cost:

79.387,12 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

REPARACION DEFINITIVA AVERIA EN LA L A C KM 44 300 T PAREDES DE NAVA VILLADA VIA 2 L V DE BA OS GIJON

Date Awarded:

07/10/2009

Cost:

91.986,49 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

MEJORA DE PROTECCIONES ELECTRICAS EN LINEAS DE A T DELPUERTO DE PAJARES L VENTA DE BA OS GIJON

Date Awarded:

02/10/2009

Cost:

138.023,10 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

SUSTITUCION DE RECTIFICADORES DE TRACCION EN DELEGACION NOROESTE 1 FASE

Date Awarded:

01/10/2009

Cost:

123.100,00 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

PLAN DE TRATAMIENTO DE LAC EN LA GERENCIA DE MANTENIMIENTO DE MADRID SUR

Date Awarded:

25/09/2009

Cost:

1.443.636,16 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

MEJORA DE ALIMENTACION DE LA CATENARIA EN EL TRAYECTO VALLADOLID VENTA DE BA OS L MADRID HENDAYA

Date Awarded:

11/09/2009

Cost:

124.735,62 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

SUMINISTRO DE EQUIPOS Y MATERIALES DEL SISTEMA DE ALMACENAMIENTO AVANZADO DE ENERGIA

Date Awarded:

16/07/2009

Cost:

137.772,44 EURO.

Organisation that calls the tender:

MADRID INFRAESTRUCTURAS DEL TRANSPORTE MINTRA

Objective of Tender:

Proyecto de instalación de subestaciones eléctricas y distribución de energía en la prolongación de la línea 11 de Metro de Madrid al Barrio de La Fortuna

Date Awarded:

03/07/2009

Cost:

3.399.889,83 EURO.

Organisation that calls the tender:

MADRID INFRAESTRUCTURAS DEL TRANSPORTE MINTRA

Objective of Tender:

Proyecto de instalación de electrificación a 1500 Vcc en la prolongación de la línea 11 de Metro de Madrid al Barrio de La Fortuna.

Date Awarded:

29/06/2009

Cost:

1.604.225,60 EURO.

Organisation that calls the tender:

CONSEJERIA DE SALUD Y BIENESTAR SOCIAL DE LA COMUNIDAD AUTONOMA DE CASTILLA LA MANCHA

Objective of Tender:

La reforma en instalación de fontanería de agua fría y agua caliente sanitaria en la Residencia de Mayores "Los Olmos" de Guadalajara.

Date Awarded:

12/06/2009

Cost:

170.896,20 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

SUSTITUCION MATERIALES CRITICOS DE LA L A C 1 FASE T PALENCIA BIFURCACION RIO BERNESGA L V DE BA OS GIJON

Date Awarded:

13/04/2009

Cost:

150.283,03 EURO.

Organisation that calls the tender:

AYUNTAMIENTO DE MAZARAMBROZ

Objective of Tender:

CONSTRUCCION DE UN GIMNASIO MUNICIPAL

Date Awarded:

17/03/2009

Cost:

203.536,21 EURO.

Organisation that calls the tender:

AYUNTAMIENTO DE BENETUSSER

Objective of Tender:

CONTRATO MAYOR DE EJECUCION DE LA OBRA REHABILITACION Y ACONDICIONAMIENTO DEL CHALET DE LA XAPA PARA ESPACIO PUBLICO DE EXPOSICION Y REUNION

Date Awarded:

17/03/2009

Cost:

258.620,32 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

TELEMANDO DE SECCIONADORES DE LA L A C ESTACION NUBLEDOL VILLABONA SAN JUAN DE NIEVA

Date Awarded:

23/02/2009

Cost:

106.422,24 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

SUSTITUCION MATERIALES CRITICOS DE LA L A C 1 FASE T BIFURCACION GALICIA BUSDONGO L V BA OS GIJON

Date Awarded:

20/02/2009

Cost:

123.667,64 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

SUSTITUCION, NORMALIZACION Y SUPRESION DE CRUCES DEL CABLE TIERRA EN EL T RIBADAVIA FILGUEIRA Y EST FILGUEIRA

Date Awarded:

27/01/2009

Cost:

74.544,67 EURO.

Organisation that calls the tender:

RED NACIONAL DE LOS FERROCARRILES ESPAÑOLES RENFE

Objective of Tender:

ADECUACION DE LA INSTALACION ELECTRICA DE DISTRIBUCION DEL COMPLEJO BARCELONA CAN TUNIS.

Date Awarded:

15/12/2008

Organisation that calls the tender:

AYUNTAMIENTO DE ESQUIVIAS

Objective of Tender:

REMODELACION DEL PASEO DE LA GALATEA RED DE ALUMBRADO PUBLICO DE LA LOCALIDAD DE ESQUIVIAS

Date Awarded:

11/12/2008

Cost:

81.895,99 EURO.

Organisation that calls the tender:

AYUNTAMIENTO DE LAS ROZAS DE MADRID

Objective of Tender:

Instalación de medidas para trabajos en altura.

Date Awarded:

12/11/2008

Cost:

126.845,08 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

TELEMANDO SECCIONADORES DE L A C ESTACION DE LUGONES L VENTA DE BAÑOS GIJON CERCANIAS

Date Awarded:

03/09/2008

Cost:

68.655,77 EURO.

Organisation that calls the tender:

AYUNTAMIENTO DE GUADALAJARA

Objective of Tender:

Reforma Centro Social

Date Awarded:

02/09/2008

Cost:

209.051,72 EURO.

Organisation that calls the tender:

CABILDO INSULAR DE GRAN CANARIA

Objective of Tender:

MEJORA ALUMBRADO PUBLICO VARIAS ZONAS DEL MUNICIPIO DE TEROR

Date Awarded:

20/05/2008

Cost:

100.000,00 EURO.

Organisation that calls the tender:

UNIVERSIDAD AUTONOMA DE BARCELONA

Objective of Tender:

Adequació, reforçament i millora de la instal·lació elèctrica de l edifici dels Serveis Informàtics.

Date Awarded:

13/12/2007

Cost:

Importe compartido entre distintos Contratistas

Organisation that calls the tender:

DIPUTACION PROVINCIAL DE BARCELONA

Objective of Tender:

Projecte d.estació transformadora Pavelló Nord. Recinte Llars Mundet.

Date Awarded:

27/11/2007

Cost:

334.445,65 EURO.

Organisation that calls the tender:

AYUNTAMIENTO DE LAS PALMAS DE GRAN CANARIA

Objective of Tender:

SUSTITUCIÓN Y/O AISLAMIENTO DE CUBIERTAS DE FIBROCEMENTO CON AMIANTO EN LOS CENTROS DE EDUCACIÓN INFANTIL Y PRIMARIAARAGÓN, BOLICHE, CATALUÑAE ISLAS BALEARES, DELTÉRMINOMUNICIPAL DE LAS PALMAS DE GRAN CANARIA (PROYECTO 2).

Date Awarded:

20/07/2007

Cost:

1.092.181,12 EURO.

Organisation that calls the tender:

AYUNTAMIENTO DE LAS PALMAS DE GRAN CANARIA

Objective of Tender:

SUSTITUCIÓN Y/O AISLAMIENTO DE CUBIERTAS DE FIBROCEMENTO CON AMIANTO EN LOS CENTROS DE EDUCACIÓN INFANTIL Y PRIMARIA LEÓN, ASTURIAS YMARÍA JESÚS PÉREZ, DEL TÉRMINO MUNICIPAL DE LAS PALMAS DE GRAN CANARIA

Date Awarded:

20/07/2007

Cost:

970.766,59 EURO.

Organisation that calls the tender:

DEPARTAMENTO DE POLITICA TERRITORIAL Y OBRAS PUBLICAS DE LA COMUNIDAD AUTONOMA DE CATALUÑA

Objective of Tender:

servicios afectados por la obra: mejora local. Mejora de nudo. Rotonda en la carretera BP- 5002, pk 8+300. Tramo: Vallromanes (XB02156SA).

Date Awarded:

10/01/2007

Cost:

209.855,37 EURO.

Organisation that calls the tender:

ENTIDAD PUBLICA ARAGONESA DE SERVICIOS TELEMATICOS

Objective of Tender:

suministro de casetas y torres para la instalación de sistemas de telecomunicaciones.

Date Awarded:

14/12/2006

Cost:

Importe compartido entre distintos Contratistas

Organisation that calls the tender:

ENTIDAD PUBLICA ARAGONESA DE SERVICIOS TELEMATICOS

Objective of Tender:

suministro de casetas y torres para la instalación de sistemas de telecomunicaciones.

Date Awarded:

14/12/2006

Cost:

Importe compartido entre distintos Contratistas

Organisation that calls the tender:

DIPUTACION PROVINCIAL DE TOLEDO

Objective of Tender:

Ejecución de las obras de «Cementerio Municipal, Primera Fase, en Maqueda (Toledo)»

Date Awarded:

30/10/2006

Cost:

79.900,00 EURO.

Organisation that calls the tender:

AYUNTAMIENTO DE EL TOBOSO

Objective of Tender:

Adecuación de edificio para centro de mayores.

Date Awarded:

25/09/2006

Cost:

129.400,00 EURO.

Organisation that calls the tender:

AYUNTAMIENTO DE DAIMIEL

Objective of Tender:

Reparación, mejora y ejecución de acerados del Licitación pública para la celebración de contrato para la realización de obras de reparación, mejora y ejecución de acerados

Date Awarded:

05/05/2006

Cost:

205.000,00 EURO.

Organisation that calls the tender:

MADRID INFRAESTRUCTURAS DEL TRANSPORTE MINTRA

Objective of Tender:

INSTALACION DE SUBESTACIONES ELECTRICAS A 1500 VCC EN LA PROLONGACION DE LA LINEA 3 DE METRO DE MADRID

Date Awarded:

03/04/2006

Cost:

13.772.247,62 EURO.

Organisation that calls the tender:

MADRID INFRAESTRUCTURAS DEL TRANSPORTE MINTRA

Objective of Tender:

Contrato de Subestaciones eléctricas a 1.500 Vcc en la prolongación de la Línea 3 de Metro de Madrid

Date Awarded:

17/03/2006

Cost:

12.421.266,90 EURO.

Organisation that calls the tender:

AYUNTAMIENTO DE EL TOBOSO

Objective of Tender:

OBRAS DE CONSTRUCCION DE CENTRO MEDICO

Date Awarded:

23/02/2006

Cost:

195.062,00 EURO.

Organisation that calls the tender:

AYUNTAMIENTO DE LEZUZA

Objective of Tender:

Ampliación y reforma museo etnográfico de Tiriez

Date Awarded:

22/02/2006

Cost:

135.800,00 EURO.

Organisation that calls the tender:

AYUNTAMIENTO DE LEZUZA

Objective of Tender:

Ampliación y reforma Museo Etnográfico de Tiriez

Date Awarded:

22/02/2006

Cost:

135.800,00 EURO.

Organisation that calls the tender:

MADRID INFRAESTRUCTURAS DEL TRANSPORTE MINTRA

Objective of Tender:

Contrato de instalación de electrificación a 1.500 Vcc en la prolongación de la Línea 3 de Metro de Madrid

Date Awarded:

15/02/2006

Cost:

4.488.836,43 EURO.

Organisation that calls the tender:

MADRID INFRAESTRUCTURAS DEL TRANSPORTE MINTRA

Objective of Tender:

ELECTRIFICACION A 1 500 VCC EN LA PROLONGACION DE LA LINEA 3 DE METRO DE MADRID

Date Awarded:

15/02/2006

Cost:

4.488.836,43 EURO.

Organisation that calls the tender:

MADRID INFRAESTRUCTURAS DEL TRANSPORTE MINTRA

Objective of Tender:

ELECTRIFICACION A 1 500 VCC EN LA PROLONGACION DE LA LINEA 3 DE METRO DE MADRID MI 337

Date Awarded:

15/02/2006

Cost:

4.488.836,43 EURO.

Organisation that calls the tender:

MADRID INFRAESTRUCTURAS DEL TRANSPORTE MINTRA

Objective of Tender:

Contrato de Comunicaciones de las cocheras de Hortaleza para las Líneas 1 y 4 de Metro de Madrid

Date Awarded:

19/01/2006

Cost:

948.525,74 EURO.

Organisation that calls the tender:

MADRID INFRAESTRUCTURAS DEL TRANSPORTE MINTRA

Objective of Tender:

COMUNICACIONES DE LAS COCHERAS DE HORTALEZA PARA LAS LINEAS 1 Y 4 DE METRO DE MADRID

Date Awarded:

19/01/2006

Cost:

948.525,74 EURO.

Organisation that calls the tender:

GESTOR DE INFRAESTRUCTURAS FERROVIARIAS GIF

Objective of Tender:

Electrificación del Ramal del Llobregat (Castellbisbal-Can Tunís).

Date Awarded:

19/12/2005

Cost:

7.413.055,40 EURO.

Organisation that calls the tender:

DEPARTAMENTO DE POLITICA TERRITORIAL Y OBRAS PUBLICAS DE LA COMUNIDAD AUTONOMA DE CATALUÑA

Objective of Tender:

servicios afectados por la obra Proyecto de supresión del paso a nivel núm. 21 de los FGC en Callús.

Date Awarded:

03/10/2005

Cost:

194.206,30 EURO.

Organisation that calls the tender:

MADRID INFRAESTRUCTURAS DEL TRANSPORTE MINTRA

Objective of Tender:

ELECTRIFICACION A 1500 VCC EN LA PROLONGACION DE LA LINEA 11, EN LAS ESTACIONES DE PINAR DEL REY DE LINEA 8 Y AVIACION ESPAÑOLA DE LINEA 10 DE METRO DE MADRID

Date Awarded:

16/09/2005

Cost:

2.179.398,72 EURO.

Organisation that calls the tender:

MADRID INFRAESTRUCTURAS DEL TRANSPORTE MINTRA

Objective of Tender:

ELECTRIFICACION A 1 500 VCC EN LA PROLONGACION DE LA LINEA 11, EN LAS ESTACIONES DE PINAR DEL REY, DE LINEA 8, Y AVIACION ESPAÑOLA, DE LINEA 10 DE METRO DE MADRID

Date Awarded:

16/09/2005

Cost:

2.179.398,72 EURO.

Organisation that calls the tender:

CONSEJERIA DE ECONOMIA HACIENDA E INNOVACION DE LA COMUNIDAD AUTONOMA DE LAS ISLAS BALEARES

Objective of Tender:

Instalación de una torre de telecomunicaciones a la isla de Formentera.

Date Awarded:

06/09/2005

Cost:

77.128,87 EURO.

Organisation that calls the tender:

CONSEJERIA DE ECONOMIA HACIENDA E INNOVACION DE LA COMUNIDAD AUTONOMA DE LAS ISLAS BALEARES

Objective of Tender:

instalación de una torre de telecomunicacio- nes en la isla de Formentera

Date Awarded:

06/09/2005

Cost:

77.128,87 EURO.

Organisation that calls the tender:

INSTITUTO TECNOLOGICO AGRARIO DE CASTILLA LEON

Objective of Tender:

Proyecto de línea de Alta Tensión a 45 KV. para la puesta en riego de los sectores VI y VII de la subzona del Canal de Porma (margen izquierda, segundo tramo) de la zona regable del embalse de Riaño. Primera Fase (León)

Date Awarded:

16/06/2005

Cost:

579.622,42 EURO.

Organisation that calls the tender:

CONSEJERIA DE ADMINISTRACIONES PUBLICAS Y POLITICA LOCAL DE LA COMUNIDAD AUTONOMA DE LA RIOJA

Objective of Tender:

Construcción del Centro Autonómico de Telecomunicaciones de San León.

Date Awarded:

22/02/2005

Cost:

309.027,25 EURO.

Organisation that calls the tender:

EMPRESA PUBLICA DE SUELO DE ANDALUCIA

Objective of Tender:

EXPTE NUM 2004 0670 11 PECHINA UE 6

Date Awarded:

25/11/2004

Cost:

260.372,71 EURO.

Organisation that calls the tender:

CONSEJERIA DE ADMINISTRACIONES PUBLICAS Y POLITICA LOCAL DE LA COMUNIDAD AUTONOMA DE LA RIOJA

Objective of Tender:

Construcción de la infraestructura del remisor Cervera del Río Alhama.

Date Awarded:

08/09/2004

Cost:

78.434,22 EURO.

Organisation that calls the tender:

MANCOMUNIDAD DE LOS CANALES DEL TAIBILLA

Objective of Tender:

OBRAS DE INSTALACION DE UN GRUPO ELECTROGENO PARA EL SUMINISTRO ELECTRICO A LOS GRUPOS MOTOR-BOMBA Y A LOS SERVICIOS AUXILIARES DE LA ESTACION ELEVADORA DE LA PEDRERA.

Date Awarded:

07/05/2003

Cost:

368.937,61 EURO.

Organisation that calls the tender:

AYUNTAMIENTO DE OGIJARES

Objective of Tender:

OBRAS DE URBANIZACION DE LA UNIDAD DE EJECUCION 10.2 DE LAS NN.SS. DE ESTE MUNICIPIO.

Date Awarded:

16/04/2003

Organisation that calls the tender:

DIRECCION GENERAL DE OBRAS HIDRAULICAS Y CALIDAD DE LAS AGUAS DEL MINISTERIO DE MEDIO AMBIENTE

Objective of Tender:

EJECUCION DE LAS OBRAS DEL PROYECTO Y SU ADENDA DE ALIMENTACION ELECTRICA, NUEVA IMPULSION DE BOCACHANZA, TERMINOS MUNICIPALES DE EL GRANADO Y OTROS (HUELVA)

Date Awarded:

04/04/2003

Cost:

633.061,00 EURO.

Organisation that calls the tender:

INSTITUTO CATALAN DEL SUELO

Objective of Tender:

INSTALACION DE LA RED ELECTRICA PARA ALIMENTAR LAS PARCELAS 1, 2 Y 3 DEL SECTOR INDUSTRIAL DE LA SELVA, POLIGONO GASERANS

Date Awarded:

25/02/2003

Cost:

142.870,00 EURO.

Research Summary

Large company engaged in works of construction. It belongs to the group of this sector, which has been operating for several years, without incidences.

Sources

Registry of Commerce's Official Gazette. Own and external data bases Company References

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.23
UK Pound	1	Rs.100.18
Euro	1	Rs.84.06

INFORMATION DETAILS

Report Prepared by :

NIS

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.

MIRA INFORM REPORT

EXECUTIVE SUMMARY

Defaults, Legal Claims and Insolvency Proceedings

Partners

INVESTIGATION SUMMARY

Identification

Branch Offices

Activity

Number of Employees

Chronological Summary

Breakdown of Owners' Equity

Active Social Bodies

Historical Social Bodies

Executive board

Chronological summary

Basis for rating

Probability of default

Link List

Turnover

Financial Accounts and Balance Sheets

CASH FLOW STATEMENT

FINANCIAL DIAGNOSIS

COMPARATIVE SECTORIAL BALANCE

News

Public Tenders and Works Won

Research Summary

Sources

Unit