MIRA INFORM REPORT
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Report Date : |
25.02.2014 |
IDENTIFICATION DETAILS
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Name : |
HIPERCOR SA |
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Registered Office : |
Hermosilla 112 28009 |
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Country : |
Spain |
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Financials (as on) : |
29.09.2012 |
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Date of Incorporation : |
02.07.1979 |
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Legal Form : |
Sole Corporation |
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Line of Business : |
Subject is a Retail sale in non-specialised stores with food, beverages or tobacco predominating. |
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No. of Employees : |
11,412 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Spain |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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
Company
name
CIF/NIF: A28642866
Company situation: Active
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Registered Name HIPERCOR SA Complete Address HERMOSILLA 112 28009 |
Year of the accounts to be delivered 2012 Language Inglés Delivery Method E-mail Delivery Format RTF Delivery time 4 days Report Reference Number 240847 |
Answer to the data in your request
The data of your request have been confirmed and are correct.
EXECUTIVE
SUMMARY
Identification
Current Business Name: HIPERCOR SA
Other names: YES
Current Address: CALLE HERMOSILLA, 112
Branches: 69
Telephone number: 914018500
Fax: 914026288
URL: www.hipercor.es
Trade
Risk
Rating Informa: 10/20
Credit appraisal: 6.000.000,00 €
Incidents: YES
R.A.I.: NO
EXPERIAN BUREAU EMPRESARIAL Bank and Multi - sectorial Defaults of Payment: NO
Financial
Information
Balance sheet latest sales (2012): 2.183.025.000,00 € (Mercantile Register)
Result: 35.910.000 €
Total Assets: 2.241.604.000 €
Share capital: 225.000.000,00 €
Employees: 11.412
Listed on a Stock Exchange: NO
02.07.1979
Commercial
Information
Incorporation date: 02/07/1979
Activity: Retail sale in Megastores
NACE 2009 CODE: 4711
International Operations: Imports
Corporate
Structure
President:
Parent Company:
Participations: 2
Other
Complementary Information
Latest filed accounts in the Mercantile Register: 2012
Latest act published in BORME: 23/09/2013 Resignations
Latest press article: 14/09/2013 EXPANSIÓN (GENERAL INFORMATION)
Bank Entities: There are
The date when this report was last updated is 24/10/2013.
Credit appraisal evolution
Financial situation
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Exercise:2012 |
Evolution |
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Immediate liquidity |
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Degraded |
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Indebtedness |
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Very slight |
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Profitability |
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Sufficient |
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Soundness |
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Average |
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Performance
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Incidents |
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None or Negligible |
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Business Trajectory |
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Excellent |
Rating
Informa Explanation
Financial situation
The company’s financial situation is normal.
The company’s financial situation evolution has been stable.
The sales evolution and results has been negative.
The auditor’s opinion about the latest accounts has been favourable with reservations.
Company Structure
The company’s capitalization degree determines that its structure is sound.
The company’s size is big depending on its sales volume.
The employees evolution has been stable.
Performance and Incidences
The available information indicates that the company does not have payment incidences.
He have detected no recent legal actions or claims from the Administration against this company.
Accounts Filing
The company files regularly its accounts.
Reasons of the last outstanding calculation in the note
|
DATE |
CHANGE |
RESULTING NOTE |
EVENT |
|
04/01/2013 |
Equal |
10 |
New financial statements have been uploaded. |
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30/11/2012 |
Equal |
10 |
There has been a change in the formula version. |
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09/03/2012 |
Reduction |
10 |
New financial statements have been uploaded. |
Summary
LEGAL ACTIONS: No legal actions registered at
ADMINISTRATIVE CLAIMS: 1 ( Last:17/05/2011 )
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With the Social Security: |
0 |
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With the Tax Authorities: |
0 |
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With Other Official bodies: |
1 |
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AFFECTED BY: No significant element.
Latest Administrative Claims
figures expressed in €
WITH OTHER OFFICIAL BODIES.
Notifications
|
DATE |
ORGANIZATION |
AMOUNT |
|
17/05/2011 |
COUNSELLING DE OBRAS PUBLICAS Y ORDENACION DEL TERRITORIO |
2.001,00 |
Detail of the Latest Administrative Claims
figures expressed in €
Notifications
WITH OTHER OFFICIAL BODIES.
Phase: DEBTS WITH OFFICIAL BODIES
Organization: COUNSELLING DE OBRAS PUBLICAS Y ORDENACION DEL TERRITORIO
Concept: Sanction
Date of the claim: 17/05/2011
Source: Published in the Gazette of MURCIA, on 21/05/2012, page 21.563
Amount: 2.001
EXPERIAN BUREAU EMPRESARIAL BANK AND MULTI - SECTORIAL
DEFAULTS OF PAYMENT 
Summary
COMPANY NOT INCLUDED IN EXPERIAN BUREAU EMPRESARIAL BANK AND MULTI - SECTORIAL DEFAULTS OF PAYMENT
There is no information related to the nif/cif consulted in the in the EXPERIAN BUREAU EMPRESARIAL BANK AND MULTI - SECTORIAL DEFAULTS OF PAYMENT file
This information comes from Experian Bureau Empresarial Service, property of Experian Bureau de Crédito S.A. It could just be used for businessmen or professionals and for the own aims of the business, and could not be transferred or transmitted to third parties, copied, duplicate or reproduce, nor incorporate to any owned or external database, or reuse it in any direct or indirect way. Experian Bureau de Crédito S.A. may file you for damages it may suffer in case of breaching any of the afore mentioned obligations. Experian would not be responsible of the lack of accuracy in the supplied information when it coincides with the one supplied by the creditor entities.
R.A.I.
COMPANY NOT REGISTERED IN THE R.A.I.
This company is not registered in the Disputed Bills register (R.A.I.)
DATE AND TIME OF THE CONSULTATION
23/10/2013 08:10:54
Information from the Registro de Aceptaciones Impagados (RAI)- Disputed Bills register.
It can only be used for information legitimate needs of the consulting party, in accordance with its social or business activity, in order to grant a credit or the monitoring or control of the already granted credits and can not be transmitted or communicated to thirds, nor copied, duplicated, reproduced nor implemented to any database , owned or external, or reused it in anyway, direct or indirectly.
FINANCIAL ELEMENTS
Figures given in thousands €
|
|
29/02/2012 (12) BALANCE SHEET |
% ASSETS |
28/02/2011 (12) BALANCE SHEET |
% ASSETS |
28/02/2010 (12) BALANCE SHEET |
% ASSETS |
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ASSETS |
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A) NON CURRENT ASSETS |
1.969.486,00 |
87,86 |
1.977.148,00 |
88,36 |
1.989.167,00 |
87,86 |
|
B) CURRENT ASSETS |
272.118,00 |
12,14 |
260.482,00 |
11,64 |
274.800,00 |
12,14 |
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LIABILITIES |
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A) NET WORTH |
1.649.557,00 |
73,59 |
1.808.815,00 |
80,84 |
2.017.547,00 |
89,12 |
|
B) NON CURRENT LIABILITIES |
275.364,00 |
12,28 |
37.280,00 |
1,67 |
40.124,00 |
1,77 |
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C) CURRENT LIABILITIES |
316.683,00 |
14,13 |
391.535,00 |
17,50 |
206.296,00 |
9,11 |
Profit
and loss account analysis
Figures given in thousands €
|
|
29/02/2012 (12) BALANCE SHEET |
% NET TURNOVER |
28/02/2011 (12) BALANCE SHEET |
% NET TURNOVER |
28/02/2010 (12) BALANCE SHEET |
% NET TURNOVER |
|
SALES |
2.183.025,00 |
|
2.466.969,00 |
|
2.606.649,00 |
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|
GROSS MARGIN |
733.969,00 |
33,62 |
820.546,00 |
33,26 |
860.595,00 |
33,02 |
|
EBITDA |
124.722,00 |
5,71 |
172.480,00 |
6,99 |
200.449,00 |
7,69 |
|
EBIT |
44.298,00 |
2,03 |
73.851,00 |
2,99 |
98.412,00 |
3,78 |
|
NET RESULT |
35.910,00 |
1,64 |
53.960,00 |
2,19 |
72.514,00 |
2,78 |
|
EFFECTIVE TAX RATE (%) |
16,93 |
0,00 |
27,12 |
0,00 |
27,71 |
0,00 |
Values
table
Figures expressed in %
|
|
COMPANY (2012) |
SECTOR |
DIFFERENCE |
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BALANCE SHEET ANALYSIS: % on the total assets |
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ASSETS |
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A) NON CURRENT ASSETS |
87,86 |
56,90 |
30,96 |
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A) CURRENT ASSETS |
12,14 |
43,10 |
-30,96 |
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LIABILITIES |
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A) NET WORTH |
73,59 |
39,65 |
33,94 |
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B) NON CURRENT LIABILITIES |
12,28 |
12,97 |
-0,69 |
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C) CURRENT LIABILITIES |
14,13 |
47,37 |
-33,24 |
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COMPANY (2012) |
SECTOR |
DIFFERENCE |
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PROFIT AND LOSS ACCOUNT ANALYSIS: % on the total operating income |
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SALES |
95,47 |
96,42 |
-0,95 |
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GROSS MARGIN |
32,10 |
23,48 |
8,62 |
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EBITDA |
5,45 |
5,05 |
0,40 |
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EBIT |
1,94 |
2,77 |
-0,83 |
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NET RESULT |
1,57 |
1,96 |
-0,39 |
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Sector Composition
Compared sector (NACE 2009): 4711
Number of companies: 48
Size (sales figure): > 40,000,000.00 Euros
OTHER DATA FROM THE ANNUAL FINANCIAL REPORT
Results Distribution
Source: annual financial report 2012
Figures given in €
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DISTRIBUTION BASE |
APPLICATION A |
||
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Profit and Loss Account Balance |
35.910.000,00 |
Legal Reserve |
0,00 |
|
Carry over |
0,00 |
Goodwill reserve |
0,00 |
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Voluntary reserves |
0,00 |
Special reserves |
0,00 |
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Other reserves disposable at will |
0,00 |
Voluntary reserves |
35.910.000,00 |
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Total of Amounts to be distributed |
35.910.000,00 |
Dividends |
0,00 |
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Carry over and others |
0,00 |
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Compensation of previous exercises losses |
0,00 |
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Application total |
35.910.000,00 |
Auditing
Source: filing of annual financial statement 2012
Auditors’ opinion: FAVOURABLE WITH RESERVATIONS
Auditor: DELOITTE S.L.
Auditing exceptions:
Según se indica en la Nota 2.4 de la memoria adjunta, el Consejo de Administración de la
Sociedad, en su reunión del 22 de febrero de 2012 acordó la asignación de reservas de libre
disposición a la dotación de provisiones para cubrir determinados aspectos derivados del
inmovilizado y otros pasivos por un importe, neto de su efecto fiscal, de 45 millones de euros,
sin que los resultados del ejercicio se hayan visto afectados por las citadas dotaciones. Aun
cuando el efecto neto de dicho ajuste no implica variación alguna en el patrimonio neto de la
Sociedad al 29 de febrero de 2012, los principios de contabilidad generalmente aceptados no
contemplan el dotar provisiones que no sean con cargo a la cuenta de perdidas y ganancias.
Auditing fees: 260.000,00 €
Facts subsequent to the closing
Source: Annual financial report 2012
Como hecho de mayor relevancia ocurrido después del cierre del ejercicio, destaca la inauguración del centro Ronda de Córdoba (Córdoba) en abril de 2012.
ADDRESSES
Current Legal Seat Address:
CALLE HERMOSILLA, 112
28009 MADRID
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STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CARRETERA NACIONAL 332 (ORIHUELA COSTA) |
03300 |
ORIHUELA |
Alicante |
|
PARTIDA PLA DE SANT JOSEP, S/N |
03293 |
ELCHE/ELX |
Alicante |
|
AVENIDA VINALOPO, 2 |
03206 |
ELCHE/ELX |
Alicante |
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PASEO ANDREU NIN, 51 |
08016 |
BARCELONA |
Barcelona |
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AVENIDA MERIDIANA, 350 |
08027 |
BARCELONA |
Barcelona |
|
CALLE SALVADOR DALI (19), 15 |
08940 |
CORNELLA DE LLOBREGAT |
Barcelona |
|
CARRETERA MADRID-IRUN (BURGOS) (KM 236) |
09001 |
BURGOS |
Burgos |
|
AVENIDA ANDALUCIA, 5 |
11007 |
CADIZ |
Cádiz |
|
AVENIDA ANDALUCIA (JEREZ DE LA FRONTERA), 34 |
11407 |
JEREZ DE LA FRONTERA |
Cádiz |
|
CALLE JUAN PEREZ ARRIETE, S/N |
11204 |
ALGECIRAS |
Cádiz |
|
STREET |
POSTAL CODE |
TOWN |
PROVINCE |
|
CALLE PUERTO DE NAVACERRADA, 4 |
28939 |
ARROYOMOLINOS |
Madrid |
|
PASEO FLORIDA, 2 |
28008 |
MADRID |
Madrid |
|
CARRETERA MADRID-CADIZ |
11407 |
JEREZ DE LA FRONTERA |
Cádiz |
|
CALLE FRESNO |
04700 |
EL EJIDO |
Almería |
|
AVENIDA MARTI CODOLAR, 106 |
08035 |
BARCELONA |
Barcelona |
Summary
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Distribution of the administration board |
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Governing body : 7 members (latest change: 19/11/2012) Other Positions : 159 (latest change: 12/06/2013) Auditor : 1 (latest change: 07/11/2011) Non-current positions : 85 (latest change: 11/09/2013) |
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Main Board members, Directors and Auditor
Governing body
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
PRESIDENT |
ALVAREZ ALVAREZ, ISIDORO |
20/10/2011 |
|
MEMBER OF THE BOARD |
HERMOSO ARMADA, JUAN |
20/10/2011 |
|
MEMBER OF THE BOARD |
LASAGA MUNARRIZ, FLORENCIO |
20/10/2011 |
|
MEMBER OF THE BOARD |
MARTINEZ ECHAVARRIA, ANSELMO CARLOS |
20/10/2011 |
|
MEMBER OF THE BOARD |
GIMENO ALVAREZ, DIMAS RODRIGO |
20/10/2011 |
|
SECRETARY |
SORIANO ATENCIA, FAUSTINO JOSE |
19/11/2012 |
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Auditor
|
POSITION |
NAME AND SURNAME |
DATE APPOINTMENT |
|
AUDITOR |
DELOITTE SL |
07/11/2011 |
Board members remuneration
Source: Annual financial report 2012
Board members remuneration: 0,00 €
FINANCIAL LINKS
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
EL CORTE INGLES SA |
A28017895 |
100,00 |
OWN SOURCES |
24/10/2013 |
Majority shareholder of EL CORTE INGLES SA
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
|
DATE REP. |
|
|
ALVAREZ ALVAREZ ISIDORO |
|
15,00 |
|
01/03/1994 |
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
HIPERCOR, S.A. |
PORTUGAL |
100,00 |
OWN SOURCES |
24/10/2013 |
|
|
ECI HONG KONG LTD |
CHINA |
10,00 |
OWN SOURCES |
24/10/2013 |
|
|
BUSINESS NAME |
TAX NUMBER/COUNTRY |
% |
SOURCE |
DATE REP. |
|
|
NAVES FRANCISCO MORENO SL (EXTINGUIDA) |
B29441508 |
100,00 |
B.O.R.M.E. |
06/02/2002 |
|
|
ALTOS DEL RETIRO S.L. (EXTINGUIDA) |
B78588019 |
100,00 |
B.O.R.M.E. |
30/06/2000 |
|
|
SEGUROS EL CORTE INGLES VIDA PENSIONES Y REASEGUROS SA |
A79346839 |
Indef. |
ANNUAL FINANCIAL REPORTS |
04/07/1994 |
Company
with rating inferior to 7
Name
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URL: www.hipercor.es
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BUSINESS
INFORMATION
Incorporation date: 02/07/1979
Informa Code: 1661200
Informa Activity: Retail sale in Megastores
NACE 2009 CODE: 4711
NACE 2009 Activity: Retail sale in non-specialised stores with food, beverages or tobacco predominating
Business: HIPERMERCADOS PROMOTION AND EXPLOITATION IN WHICH
DEVELOPS THE RETAIL
SUPPLY PRODUCT, BAZAR,
TEXTILE, EL CORTE INGLES SHOPPING AND
OTHER ADDITIONAL SERVICES.
Environmental information: YES (Page 52 - 53) Annual financial report 2012
Employees
Latest employees figure: 11.412 (2013)
% of fixed employees: 93,86%
% of temporary employees: 6,14%
% of men: 39,17%
% of women: 60,83%
Employees evolution
|
|
|
|
Source: Annual financial report 2012
|
CATEGORY |
AVERAGE NUMBER OF EMPLOYEES |
MEN |
WOMEN |
|
Gender distribution |
|
5.099 |
7.919 |
COMMERCIAL
OPERATIONS
PURCHASES
Import Percentage: 4%
Imports from: U.E. Y OTROS PAÍSES
National Distribution: 96%
SALES
National Distribution: 100%
SUPPLIERS
|
BUSINESS NAME |
INTERNATIONAL |
|
EL CORTE INGLES SA |
NO |
CLIENTS
|
BUSINESS NAME |
INTERNATIONAL |
|
EL CORTE INGLES SA |
NO |
El 94,69% de su cifra de negocio corresponde a ventas.
El 5,31% de su cifra de negocio corresponde a prestación de servicios.
Professional and advertising services
Source: Annual financial report 2012
Professional services expenses: 109.868.000,00 €
Advertising services expenses: 42.631.000,00 €
Banks
|
ENTITY |
BRANCH |
ADDRESS |
TOWN OR CITY |
PROVINCE |
|
BANCO SANTANDER, S.A. |
|
|
MADRID |
|
Brands
Brand name: EMPANADAS ARTESANAS MARUXELA (Valid)
Type: GRAPHICAL Scope: COMMUNITARY Date: 05/12/2012
Brand name: SAN FILIPPO (Valid)
Type: GRAPHICAL Scope: COMMUNITARY Date: 16/11/2012
Brand name: ALL INTENSE CORE BEAUTY (Valid)
Type: GRAPHICAL Scope: COMMUNITARY Date: 04/07/2012
Brand name: CENTRO COMERCIAL C V COSTA VERDE (Valid)
Type: JOINT Scope: NATIONAL Date: 18/10/2010
Brand name: CENTRO COMERCIAL C L COSTA LUZ (Valid)
Type: JOINT Scope: NATIONAL Date: 18/10/2010
LEGAL
STRUCTURE
Constitution Data
Register Date: 02/07/1979
Legal form: Sole Corporation
Share capital: 225.000.000,00 €
Paid-up capital: 225.000.000,00 €
Obligation to fill in Financial Statements: YES
Chamber census: YES (2011)
B.O.R.M.E. (OFFICIAL GAZETTE OF THE MERCANTILE REGISTER)
Acts on activity: 0
Acts on administrators: 411 (Last: 23/09/2013, first: 08/02/1990)
Acts on capital: 8 (Last: 06/10/2004, first: 30/04/1991)
Acts on creation: 0
Acts on filed accounts: 21 (Last: 16/11/2010, first: 19/11/1990)
Acts on identification: 0
Acts on Information: 11 (Last: 26/01/2011, first: 05/04/1991)
Latest acts in B.O.R.M.E.
Other acts
|
ACT |
DATE |
NOTICE NUM. |
MERCANTILE REGISTER |
|
Resignations |
23/09/2013 |
407984 |
Madrid |
|
Resignations |
21/06/2013 |
285010 |
Madrid |
|
Resignations |
21/06/2013 |
285009 |
Madrid |
|
Resignations |
21/06/2013 |
285008 |
Madrid |
|
Appointments |
19/06/2013 |
280767 |
Madrid |
|
Appointments |
14/05/2013 |
220609 |
Madrid |
|
Appointments |
14/05/2013 |
220608 |
Madrid |
|
Resignations |
25/04/2013 |
195032 |
Madrid |
|
Resignations |
25/04/2013 |
195031 |
Madrid |
|
Appointments |
25/04/2013 |
195030 |
Madrid |
Press summary by type of information (last five years)
Legal notices: 0
Structural Data: 31 (Last: 10/12/2012, first: 22/02/2008)
Informative data: 3 (Last: 14/09/2013, first: 14/09/2012)
Financial Information: 7 (Last: 26/08/2013, first: 26/04/2008)
Negative information: 0
Business lines: 1 (Last: 23/11/2010)
Historical press releases: 154 (Last: 28/11/2007, first: 21/12/1992)
Latest
press article published
14/09/2013 EXPANSIÓN (Page 3) GENERAL INFORMATION
HIPERCOR no es ajena a las grandes tendencias europeas y se encuentra inmersa en la modernización de sus tiendas con nuevas propuestas. HIPERCOR, filial de EL CORTE INGLÉS, comienza a analizar la propuesta comercial en no alimentación, y una de las nuevas iniciativas es la incorporación de córners de BRICOR, sus tiendas de bricolaje, dentro del híper, tras la buena acogida que esta fórmula ha tenido en el gran almacén. Textil, electrónica y bazar siguen siendo claves en la tienda.
26/08/2013 EXPANSIÓN (Page 6) FINANCIAL DATA
HIPERCOR ha visto caer en 2012 sus ventas un 11,7%, hasta 1.866,8 millones, mientras que sus beneficios se situaron en 4,48 millones, tras retroceder un 87,5%. De esta forma, la rentabilidad del negocio alcanza en el último ejercicio el 0,24%. En cuanto a establecimientos, cerró con 42 centros, tras inaugurar 3 nuevas tiendas: Córdoba, Badajoz y Zaragoza.
10/12/2012 FARO DE VIGO - BRANCHES
La crisis del sector inmobiliario frena el desarrollo del proyecto de la finca Santamariña y la creación de un centro de HIPERCOR en Ourense, y en el mejor de los casos, la urbanización de los terrenos no se acometerá hasta dentro de dos años.
11/10/2012 CORDOBA (Page 13) BRANCHES
Urbanismo aprobó el 10/10/11 la concesión de la licencia de actividad y obra para la ampliación del edificio que posee EL CORTE INGLÉS en la calle Jesús y María. Se trata de una actuación que cuenta con un presupuesto de 5 millones de euros. El proyecto de obra prevé plata sótano, baja y cuatro alturas. La instalación, en un espacio de 14.668 metros cuadrados, tendrá tres accesos.
Mientras se han solventado todos los trámites, EL CORTE INGLES ha abierto el HIPERCOR Ronda de Córdoba y ha invertido cuatro millones de euros en la recuperación del Teatro Góngora.
03/10/2012 CINCO DIAS (Page 12) BRANCHES
EL CORTE INGLES inaugura el 04/10/12 su nuevo centro en Zaragoza, en el que ha invertido 135 millones de euros y que incluye la oferta conjunta de sus 2 cadenas, HIPERCOR y EL CORTE INGLES. Ubicado en el complejo comercial y de ocio Puerto Venecia, contará con una plantilla de 791 trabajadores.
Complementary
Information
Financial Information
El balance del Registro Mercantil cerrado a 29/02/2012 (Deposito 2012) esta disponible en INFORMA, pero existen datos en los nuevos estados contables incorrectamente presentados.
FINANCIAL
INFORMATION
The information on the last Individual Filed Accounts contained in this report is extracted from the Mercantile Register file of the legal address of the Company and dated 02/01/2013.
El balance del Registro Mercantil cerrado a 29/02/2012 (Deposito 2012) esta disponible en INFORMA, pero existen datos en los nuevos estados contables incorrectamente presentados.
Assets
Figures given in thousands €
|
|
29/02/2012 (12) |
% ASSETS |
28/02/2011 (12) |
% ASSETS |
28/02/2010 (12) |
% ASSETS |
|
A) NON CURRENT ASSETS |
1.969.486,00 |
87,86 |
1.977.148,00 |
88,36 |
1.989.167,00 |
87,86 |
|
I. Intangible assets |
37.248,00 |
1,66 |
38.013,00 |
1,70 |
38.124,00 |
1,68 |
|
1. Development |
|
|
36.823,00 |
1,65 |
|
|
|
2. Concessions |
36.163,00 |
1,61 |
826,00 |
0,04 |
37.485,00 |
1,66 |
|
3. Patents, licences , trademarks and similars |
815,00 |
0,04 |
|
|
626,00 |
0,03 |
|
5. Software |
|
|
|
|
13,00 |
0,00 |
|
7. Other intangible assets |
270,00 |
0,01 |
364,00 |
0,02 |
|
|
|
II. Tangible fixed assets |
1.918.386,00 |
85,58 |
1.937.061,00 |
86,57 |
1.947.875,00 |
86,04 |
|
1. Property, plant and equipment |
1.304.977,00 |
58,22 |
1.299.878,00 |
58,09 |
1.256.221,00 |
55,49 |
|
2. Technical fittings and other tangible assets |
495.091,00 |
22,09 |
547.012,00 |
24,45 |
596.935,00 |
26,37 |
|
3. Fixed assets in progress and advances |
118.318,00 |
5,28 |
90.171,00 |
4,03 |
94.719,00 |
4,18 |
|
III. Real-estate investments |
|
|
|
|
|
|
|
IV. Long term investments in associated and affiliated companies |
151,00 |
0,01 |
153,00 |
0,01 |
152,00 |
0,01 |
|
1. Net worth instruments |
137,00 |
0,01 |
137,00 |
0,01 |
138,00 |
0,01 |
|
5. Other financial assets |
14,00 |
0,00 |
16,00 |
0,00 |
|
|
|
6. Other investments |
|
|
|
|
14,00 |
0,00 |
|
V. Long Term Financial Investments |
1.412,00 |
0,06 |
1.484,00 |
0,07 |
1.467,00 |
0,06 |
|
1. Net worth instruments |
291,00 |
0,01 |
325,00 |
0,01 |
325,00 |
0,01 |
|
2. Credits to third parties |
|
|
|
|
1.142,00 |
0,05 |
|
5. Other financial assets |
1.121,00 |
0,05 |
1.159,00 |
0,05 |
|
|
|
VI. Assets by deferred taxes |
12.289,00 |
0,55 |
437,00 |
0,02 |
1.549,00 |
0,07 |
|
VII. Non current commercial debts |
|
|
|
|
|
|
|
B) CURRENT ASSETS |
272.118,00 |
12,14 |
260.482,00 |
11,64 |
274.800,00 |
12,14 |
|
I. Non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Stocks |
239.637,00 |
10,69 |
221.896,00 |
9,92 |
189.052,00 |
8,35 |
|
1. Goods available for sale |
239.637,00 |
10,69 |
221.896,00 |
9,92 |
189.052,00 |
8,35 |
|
III. Trade Debtors and other receivable accounts |
23.687,00 |
1,06 |
31.346,00 |
1,40 |
70.727,00 |
3,12 |
|
1. Clients |
193,00 |
0,01 |
289,00 |
0,01 |
315,00 |
0,01 |
|
b) Clients for sales and short term services rendering |
193,00 |
0,01 |
289,00 |
0,01 |
315,00 |
0,01 |
|
2. Clients group and associated companies |
9.794,00 |
0,44 |
16.197,00 |
0,72 |
54.899,00 |
2,42 |
|
3. Other debts |
10.895,00 |
0,49 |
9.885,00 |
0,44 |
10.971,00 |
0,48 |
|
6. Other credits with the Public Administrations |
2.805,00 |
0,13 |
4.975,00 |
0,22 |
4.542,00 |
0,20 |
|
IV. Short term investments in associated and affiliated companies |
|
|
|
|
|
|
|
V. Short term financial investments |
1.986,00 |
0,09 |
295,00 |
0,01 |
2.716,00 |
0,12 |
|
4. By-products |
1.854,00 |
0,08 |
|
|
2.507,00 |
0,11 |
|
5. Other financial assets |
132,00 |
0,01 |
295,00 |
0,01 |
209,00 |
0,01 |
|
VI. Short term periodifications |
1.610,00 |
0,07 |
1.992,00 |
0,09 |
2.659,00 |
0,12 |
|
VII. Cash and equivalents |
5.198,00 |
0,23 |
4.953,00 |
0,22 |
9.646,00 |
0,43 |
|
1. Treasury |
5.198,00 |
0,23 |
4.953,00 |
0,22 |
9.646,00 |
0,43 |
|
TOTAL ASSETS (A + B) |
2.241.604,00 |
100,00 |
2.237.630,00 |
100,00 |
2.263.967,00 |
100,00 |
Net
Worth and Liabilities
Figures given in thousands €
|
|
29/02/2012 (12) |
% ASSETS |
28/02/2011 (12) |
% ASSETS |
28/02/2010 (12) |
% ASSETS |
|
A) NET WORTH |
1.649.557,00 |
73,59 |
1.808.815,00 |
80,84 |
2.017.547,00 |
89,12 |
|
A-1) Equity |
1.648.732,00 |
73,55 |
1.809.831,00 |
80,88 |
2.015.871,00 |
89,04 |
|
I. Capital |
225.000,00 |
10,04 |
225.000,00 |
10,06 |
225.000,00 |
9,94 |
|
1. Authorized capital |
225.000,00 |
10,04 |
225.000,00 |
10,06 |
225.000,00 |
9,94 |
|
II. Issue premium |
90.000,00 |
4,01 |
90.000,00 |
4,02 |
90.000,00 |
3,98 |
|
III. Reserves |
1.297.822,00 |
57,90 |
1.440.871,00 |
64,39 |
1.628.357,00 |
71,92 |
|
1. Legal and statutory |
45.000,00 |
2,01 |
45.000,00 |
2,01 |
45.000,00 |
1,99 |
|
2. Other funds |
1.252.822,00 |
55,89 |
1.395.871,00 |
62,38 |
1.583.357,00 |
69,94 |
|
IV. (Net worth own shares and participations) |
|
|
|
|
|
|
|
V. Results from previous years |
|
|
|
|
|
|
|
VI. Other loans from partners |
|
|
|
|
|
|
|
VII. Exercise Result |
35.910,00 |
1,60 |
53.960,00 |
2,41 |
72.514,00 |
3,20 |
|
VIII. (Interim dividend) |
|
|
|
|
|
|
|
IX. Other net worth instruments |
|
|
|
|
|
|
|
A-2) Value changes adjustments |
825,00 |
0,04 |
-1.016,00 |
-0,05 |
1.676,00 |
0,07 |
|
I. Financial assets available for sale |
|
|
|
|
|
|
|
II. Coverage operations |
825,00 |
0,04 |
-1.016,00 |
-0,05 |
1.676,00 |
0,07 |
|
III. Non-current assets and related liabilities, maintained for sale |
|
|
|
|
|
|
|
IV. Conversion differences |
|
|
|
|
|
|
|
V. Other |
|
|
|
|
|
|
|
A-3) Received legacies, grants and subventions |
|
|
|
|
|
|
|
B) NON CURRENT LIABILITIES |
275.364,00 |
12,28 |
37.280,00 |
1,67 |
40.124,00 |
1,77 |
|
I. Long term provisions |
15.298,00 |
0,68 |
|
|
|
|
|
4. Other provisions |
15.298,00 |
0,68 |
|
|
|
|
|
II. Long term debts |
7.946,00 |
0,35 |
5.383,00 |
0,24 |
7.186,00 |
0,32 |
|
2. Debts with bank entities |
|
|
|
|
1.803,00 |
0,08 |
|
4. By-products |
99,00 |
0,00 |
|
|
|
|
|
5. Other financial liabilities |
7.847,00 |
0,35 |
5.383,00 |
0,24 |
5.383,00 |
0,24 |
|
III. Long term debts with associated and affiliated companies |
222.930,00 |
9,95 |
2.586,00 |
0,12 |
2.384,00 |
0,11 |
|
IV. Liabilities by deferred taxes |
29.190,00 |
1,30 |
29.311,00 |
1,31 |
30.554,00 |
1,35 |
|
V. Long term periodifications |
|
|
|
|
|
|
|
VI. Non current trade creditors |
|
|
|
|
|
|
|
VII. Long term debts with special characteristics |
|
|
|
|
|
|
|
C) CURRENT LIABILITIES |
316.683,00 |
14,13 |
391.535,00 |
17,50 |
206.296,00 |
9,11 |
|
I. Liabilities related with non-current assets maintained for sale |
|
|
|
|
|
|
|
II. Short term provisions |
|
|
|
|
582,00 |
0,03 |
|
III. Short term debts |
49.701,00 |
2,22 |
63.772,00 |
2,85 |
36.479,00 |
1,61 |
|
2. Debts with bank entities |
|
|
1.809,00 |
0,08 |
1.812,00 |
0,08 |
|
4. By-products |
337,00 |
0,02 |
1.867,00 |
0,08 |
|
|
|
5. Other financial liabilities |
49.364,00 |
2,20 |
60.096,00 |
2,69 |
34.667,00 |
1,53 |
|
IV. Short term debts with associated and affiliated companies |
100.657,00 |
4,49 |
166.733,00 |
7,45 |
62,00 |
0,00 |
|
V. Trade creditors and other payable accounts |
166.319,00 |
7,42 |
161.013,00 |
7,20 |
168.498,00 |
7,44 |
|
1. Suppliers |
99.459,00 |
4,44 |
115.880,00 |
5,18 |
115.534,00 |
5,10 |
|
b) Short term suppliers |
99.459,00 |
4,44 |
115.880,00 |
5,18 |
115.534,00 |
5,10 |
|
2. Suppliers group and associated companies |
250,00 |
0,01 |
697,00 |
0,03 |
392,00 |
0,02 |
|
3. Different creditors |
2.951,00 |
0,13 |
3.750,00 |
0,17 |
4.600,00 |
0,20 |
|
4. Staff (pending remunerations) |
33.735,00 |
1,50 |
26.547,00 |
1,19 |
34.286,00 |
1,51 |
|
6. Other debts with Public Administrations |
29.924,00 |
1,33 |
14.139,00 |
0,63 |
13.686,00 |
0,60 |
|
VI. Short term periodifications |
6,00 |
0,00 |
17,00 |
0,00 |
675,00 |
0,03 |
|
VII. Short term debts with special characteristics |
|
|
|
|
|
|
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) |
2.241.604,00 |
100,00 |
2.237.630,00 |
100,00 |
2.263.967,00 |
100,00 |
PROFIT
AND LOSS ACCOUNT
Figures given in thousands €
|
|
29/02/2012 (12) |
%OPERATING INCOME |
28/02/2011 (12) |
%OPERATING INCOME |
28/02/2010 (12) |
%OPERATING INCOME |
|
A) CONTINUED OPERATIONS |
|
|
|
|
|
|
|
1. Net Turnover |
2.183.025,00 |
95,47 |
2.466.969,00 |
95,96 |
2.606.649,00 |
96,26 |
|
A) Sales |
2.067.014,00 |
90,40 |
2.355.605,00 |
91,62 |
2.498.542,00 |
92,26 |
|
b) Services provided |
116.011,00 |
5,07 |
111.364,00 |
4,33 |
108.107,00 |
3,99 |
|
2. Variation in stocks of finished goods and work in progress |
|
|
|
|
|
|
|
3. Works for its own assets |
7.423,00 |
0,32 |
8.505,00 |
0,33 |
9.266,00 |
0,34 |
|
4. Supplies |
-1.552.674,00 |
-67,90 |
-1.750.379,00 |
-68,08 |
-1.847.452,00 |
-68,22 |
|
a) Material consumed |
-1.549.231,00 |
-67,75 |
-1.743.056,00 |
-67,80 |
-1.826.977,00 |
-67,46 |
|
b) Raw materials consumed |
|
|
|
|
-12.142,00 |
-0,45 |
|
c) Works carried out for other companies |
-4.487,00 |
-0,20 |
-6.815,00 |
-0,27 |
-8.444,00 |
-0,31 |
|
d) Deterioration on merchandises, raw materials and other supplies |
1.044,00 |
0,05 |
-508,00 |
-0,02 |
111,00 |
0,00 |
|
5. Other operating income |
96.195,00 |
4,21 |
95.451,00 |
3,71 |
92.132,00 |
3,40 |
|
a) Other incomes |
95.437,00 |
4,17 |
94.378,00 |
3,67 |
90.994,00 |
3,36 |
|
b) Operating grants included in the exercise result |
758,00 |
0,03 |
1.073,00 |
0,04 |
1.138,00 |
0,04 |
|
6. Labour cost |
-305.518,00 |
-13,36 |
-335.221,00 |
-13,04 |
-345.727,00 |
-12,77 |
|
a) Wages and similar expenses |
-233.519,00 |
-10,21 |
-256.274,00 |
-9,97 |
-264.076,00 |
-9,75 |
|
b) Social costs |
-71.999,00 |
-3,15 |
-78.947,00 |
-3,07 |
-81.522,00 |
-3,01 |
|
c) Provisions |
|
|
|
|
-129,00 |
0,00 |
|
7. Other operating costs |
-303.415,00 |
-13,27 |
-312.890,00 |
-12,17 |
-319.909,00 |
-11,81 |
|
a) External services |
-232.884,00 |
-10,18 |
-248.091,00 |
-9,65 |
-254.054,00 |
-9,38 |
|
b) Taxes |
-20.190,00 |
-0,88 |
-20.199,00 |
-0,79 |
-18.855,00 |
-0,70 |
|
c) Losses, deterioration and variation on business operations provisions |
4,00 |
0,00 |
788,00 |
0,03 |
141,00 |
0,01 |
|
d) Other day to day expenses |
-50.345,00 |
-2,20 |
-45.388,00 |
-1,77 |
-47.141,00 |
-1,74 |
|
8. Amortization of fixed assets |
-81.472,00 |
-3,56 |
-98.909,00 |
-3,85 |
-102.562,00 |
-3,79 |
|
9. Allocation of subventions on non financial investments and other |
|
|
|
|
|
|
|
10. Provisions excess |
|
|
|
|
273,00 |
0,01 |
|
11. Deterioration and result for fixed assets disposal |
734,00 |
0,03 |
325,00 |
0,01 |
5.742,00 |
0,21 |
|
b) Results for disposals and others |
734,00 |
0,03 |
325,00 |
0,01 |
5.742,00 |
0,21 |
|
12. Negative difference of business combinations |
|
|
|
|
|
|
|
13. Other results |
|
|
|
|
|
|
|
A.1) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12 + 13) |
44.298,00 |
1,94 |
73.851,00 |
2,87 |
98.412,00 |
3,63 |
|
14. Financial income |
113,00 |
0,00 |
1.585,00 |
0,06 |
4.345,00 |
0,16 |
|
a) From net worth instruments participations |
|
|
1.500,00 |
0,06 |
4.228,00 |
0,16 |
|
a 1) On group and associated companies |
|
|
1.500,00 |
0,06 |
|
|
|
a 2) On third parties |
|
|
|
|
4.228,00 |
0,16 |
|
b) From negotiable values and other financial instruments |
113,00 |
0,00 |
85,00 |
0,00 |
117,00 |
0,00 |
|
b 1) From group and associated companies |
113,00 |
0,00 |
85,00 |
0,00 |
|
|
|
b 2) From third parties |
|
|
|
|
117,00 |
0,00 |
|
15. Financial expenses |
-1.167,00 |
-0,05 |
-1.620,00 |
-0,06 |
-2.299,00 |
-0,08 |
|
a) For debts with associated and affiliated companies |
-11,00 |
0,00 |
-35,00 |
0,00 |
-120,00 |
0,00 |
|
b) For debts with third parties |
-1.156,00 |
-0,05 |
-1.585,00 |
-0,06 |
-2.179,00 |
-0,08 |
|
16. Reasonable value variation on financial instruments |
|
|
|
|
-100,00 |
0,00 |
|
a) Negotiation portfolio and others |
|
|
|
|
-100,00 |
0,00 |
|
17. Exchange differences |
-15,00 |
0,00 |
228,00 |
0,01 |
-51,00 |
0,00 |
|
18. Deterioration and result for disposal of financial instruments |
|
|
-1,00 |
0,00 |
|
|
|
a) Deteriorations and losses |
|
|
-1,00 |
0,00 |
|
|
|
19. Other financial income and expenses |
|
|
|
|
|
|
|
A.2) FINANCIAL RESULT (14 + 15 + 16 + 17 + 18 + 19) |
-1.069,00 |
-0,05 |
192,00 |
0,01 |
1.895,00 |
0,07 |
|
A.3) RESULT BEFORE TAXES (A.1 + A.2) |
43.229,00 |
1,89 |
74.043,00 |
2,88 |
100.307,00 |
3,70 |
|
20. Taxes on profits |
-7.319,00 |
-0,32 |
-20.083,00 |
-0,78 |
-27.793,00 |
-1,03 |
|
A.4) EXERCISE RESULT COMING FROM CONTINUED OPERATIONS (A.3 + 20) |
35.910,00 |
1,57 |
53.960,00 |
2,10 |
72.514,00 |
2,68 |
|
B) DISCONTINUED OPERATIONS |
|
|
|
|
|
|
|
21. Net of taxes exercise result coming from discontinued operations |
|
|
|
|
|
|
|
A.5) EXERCISE RESULT (A.4 + 21) |
35.910,00 |
1,57 |
53.960,00 |
2,10 |
72.514,00 |
2,68 |
NET WORTH CHANGES STATUS
Status of recognized income and expenses
Figures given in thousands €
|
NET WORTH CHANGES (1/3) |
29/02/2012 (12) |
28/02/2011 (12) |
28/02/2010 (12) |
|
A) PROFIT AND LOSS ACCOUNT RESULT |
35.910,00 |
53.960,00 |
72.514,00 |
|
INCOME AND EXPENSES ALLOCATED DIRECTLY TO NET WORTH |
|
|
|
|
I. For valuation of financial instruments |
|
|
|
|
II. Cash flow coverage |
2.817,00 |
-4.237,00 |
2.394,00 |
|
III. Received legacies, grants and subventions |
|
|
|
|
IV. For actuarial profits and losses and other adjustments |
|
|
|
|
V. Non-current assets and related liabilities, maintained for sale |
|
|
|
|
VI. Conversion differences |
|
|
|
|
VII. Tax effect |
-846,00 |
1.271,00 |
-718,00 |
|
B) TOTAL INCOME AND EXPENSES ALLOCATED DIRECTLY TO NET WORTH (I + II + III + IV +V+VI+VII) |
1.971,00 |
-2.966,00 |
1.676,00 |
|
PROFIT AND LOSS ACCOUNT TRANSFERS |
|
|
|
|
VIII. For valuation of financial instruments |
|
|
|
|
IX. Cash flow coverage |
-186,00 |
390,00 |
|
|
X. Received legacies, grants and subventions |
|
|
|
|
XI. Non-current assets and related liabilities, maintained for sale |
|
|
|
|
XII. Conversion differences |
|
|
|
|
XIII. Tax effect |
56,00 |
-116,00 |
|
|
C) TOTAL TRANSFERS TO THE PROFIT AND LOSS ACCOUNT (VIII + IX + X + XI+ XII+ XIII) |
-130,00 |
274,00 |
|
|
TOTAL INCOME AND EXPENSES RECOGNIZED (A + B + C) |
37.751,00 |
51.268,00 |
74.190,00 |
Total
net worth changes status
Figures given in thousands €
|
NET WORTH CHANGES ( 2 /3) |
AUTHORIZED CAPITAL |
ISSUE PREMIUM |
RESERVES |
EXERCISE RESULT |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
225.000,00 |
90.000,00 |
1.666.160,00 |
112.197,00 |
|
I. Adjustments by change of criteria in the exercise (2009) |
|
|
|
|
|
II. Adjustments by errors in the exercise (2009) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2010) |
225.000,00 |
90.000,00 |
1.666.160,00 |
112.197,00 |
|
I. Total recognized income and expenses |
|
|
|
72.514,00 |
|
II. Operations with partners or owners |
|
|
-150.000,00 |
|
|
4. (-) Dividends distribution |
|
|
-150.000,00 |
|
|
III. Other net worth variations |
|
|
112.197,00 |
-112.197,00 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
225.000,00 |
90.000,00 |
1.628.357,00 |
72.514,00 |
|
I. Adjustments by change of criteria in the exercise (2010) |
|
|
|
|
|
II. Adjustments by errors in the exercise (2010) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2011) |
225.000,00 |
90.000,00 |
1.628.357,00 |
72.514,00 |
|
I. Total recognized income and expenses |
|
|
|
53.960,00 |
|
II. Operations with partners or owners |
|
|
-260.000,00 |
|
|
4. (-) Dividends distribution |
|
|
-260.000,00 |
|
|
III. Other net worth variations |
|
|
72.514,00 |
-72.514,00 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
225.000,00 |
90.000,00 |
1.440.871,00 |
53.960,00 |
|
I. Adjustments by change of criteria in the exercise (2011) |
|
|
|
|
|
II. Adjustments by errors in the exercise (2011) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2012) |
225.000,00 |
90.000,00 |
1.440.871,00 |
53.960,00 |
|
I. Total recognized income and expenses |
|
|
|
35.910,00 |
|
II. Operations with partners or owners |
|
|
-197.009,00 |
|
|
4. (-) Dividends distribution |
|
|
-152.000,00 |
|
|
7. Other operations with partners or owners |
|
|
-45.009,00 |
|
|
III. Other net worth variations |
|
|
53.960,00 |
-53.960,00 |
|
FINAL ACCOUNT BALANCE OF EXERCISE (2012) |
225.000,00 |
90.000,00 |
1.297.822,00 |
35.910,00 |
|
NET WORTH CHANGES ( 3 /3) |
VALUE CHANGES ADJUSTMENT |
TOTAL |
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2009) |
|
2.093.357,00 |
|
|
|
I. Adjustments by change of criteria in the exercise (2009) |
|
|
|
|
|
II. Adjustments by errors in the exercise (2009) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2010) |
|
2.093.357,00 |
|
|
|
I. Total recognized income and expenses |
1.676,00 |
74.190,00 |
|
|
|
II. Operations with partners or owners |
|
-150.000,00 |
|
|
|
4. (-) Dividends distribution |
|
-150.000,00 |
|
|
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2010) |
1.676,00 |
2.017.547,00 |
|
|
|
I. Adjustments by change of criteria in the exercise (2010) |
|
|
|
|
|
II. Adjustments by errors in the exercise (2010) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2011) |
1.676,00 |
2.017.547,00 |
|
|
|
I. Total recognized income and expenses |
-2.692,00 |
51.268,00 |
|
|
|
II. Operations with partners or owners |
|
-260.000,00 |
|
|
|
4. (-) Dividends distribution |
|
-260.000,00 |
|
|
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2011) |
-1.016,00 |
1.808.815,00 |
|
|
|
I. Adjustments by change of criteria in the exercise (2011) |
|
|
|
|
|
II. Adjustments by errors in the exercise (2011) |
|
|
|
|
|
ADJUSTED ACCOUNT BALANCE, BEGINNING OF EXERCISE (2012) |
-1.016,00 |
1.808.815,00 |
|
|
|
I. Total recognized income and expenses |
1.841,00 |
37.751,00 |
|
|
|
II. Operations with partners or owners |
|
-197.009,00 |
|
|
|
4. (-) Dividends distribution |
|
-152.000,00 |
|
|
|
7. Other operations with partners or owners |
|
-45.009,00 |
|
|
|
III. Other net worth variations |
|
|
|
|
|
FINAL ACCOUNT BALANCE OF EXERCISE (2012) |
825,00 |
1.649.557,00 |
|
|
CASH
FLOW STATUS
Figures given in thousands €
|
|
29/02/2012 (12) |
28/02/2011 (12) |
28/02/2010 (12) |
|
A) CASH FLOW COMING FROM OPERATING ACTIVITIES |
|
|
|
|
1. exercise result before taxes |
43.229,00 |
74.043,00 |
100.307,00 |
|
2. Results adjustments |
81.792,00 |
98.619,00 |
94.599,00 |
|
a) Amortization of fixed assets (+) |
81.472,00 |
98.909,00 |
102.562,00 |
|
c) Change of Provisions (+/-) |
|
|
-274,00 |
|
e) Results for decline and disposal of fixed assets (+/-) |
-734,00 |
-325,00 |
-5.742,00 |
|
g) Financial income (-) |
-113,00 |
-1.585,00 |
-4.346,00 |
|
f) Financial expenses (+) |
1.167,00 |
1.620,00 |
2.299,00 |
|
j) Reasonable value variation on financial instruments (+/-) |
|
|
100,00 |
|
3. Changes in current capital |
-33.045,00 |
-1.079,00 |
20.629,00 |
|
a) Stocks (+/-) |
-17.741,00 |
-32.844,00 |
35.510,00 |
|
b) Debtors and other receivable accounts (+/-) |
7.659,00 |
39.381,00 |
-4.528,00 |
|
c) Other current assets (+/-) |
-10,00 |
581,00 |
-70,00 |
|
d) Creditors and other payable accounts (+/-) |
-22.682,00 |
-6.957,00 |
-11.565,00 |
|
e) Other current liabilities (+/-) |
1.062,00 |
-1.240,00 |
1.282,00 |
|
f) Other non-current assets and liabilities (+/-) |
-1.333,00 |
|
|
|
4. Other cash flow coming from operating activities |
-8.836,00 |
-25.926,00 |
-27.527,00 |
|
a) Interests payments (-) |
-1.167,00 |
-1.620,00 |
-2.299,00 |
|
c) Interests collections (+) |
113,00 |
1.585,00 |
4.346,00 |
|
d) Collections (payments) for profit tax (+/-) |
-7.782,00 |
-25.891,00 |
-29.574,00 |
|
5. Cash flow coming from operating activities (1 + 2 + 3 + 4) |
83.140,00 |
145.657,00 |
188.008,00 |
|
B) CASH FLOW COMING FROM INVESTING ACTIVITIES |
|
|
|
|
6. Investment payments (-) |
-92.292,00 |
-79.027,00 |
-109.984,00 |
|
b) Intangible assets |
-16,00 |
-687,00 |
-82,00 |
|
c) Tangible assets |
-92.276,00 |
-78.323,00 |
-109.855,00 |
|
e) Other financial assets |
|
-17,00 |
-47,00 |
|
7. Disinvestment collections (+) |
7.906,00 |
16.780,00 |
77.282,00 |
|
c) Tangible assets |
7.832,00 |
16.780,00 |
77.263,00 |
|
e) Other financial assets |
74,00 |
|
19,00 |
|
8. Cash Flow in investment activities (6 + 7) |
-84.386,00 |
-62.247,00 |
-32.702,00 |
|
C) CASH FLOW COMING FROM FINANCING ACTIVITIES |
|
|
|
|
9. Net worth instruments collections and payments |
|
|
|
|
10. Financial liabilities instruments collections and payments |
153.491,00 |
171.897,00 |
-5.240,00 |
|
a) Issue |
-66.076,00 |
173.703,00 |
2.361,00 |
|
3. Debts with group and associated companies (+) |
-66.076,00 |
173.501,00 |
|
|
5. Other debts (+) |
|
202,00 |
2.361,00 |
|
b) Return and amortization of |
219.567,00 |
-1.806,00 |
-7.601,00 |
|
3. Debts with group and associated companies (-) |
220.344,00 |
|
-333,00 |
|
5. Other debts (-) |
-777,00 |
-1.806,00 |
-7.268,00 |
|
11. Payments for dividends and remunerations of other net worth instruments |
-152.000,00 |
-260.000,00 |
-150.000,00 |
|
a) Dividends (-) |
-152.000,00 |
-260.000,00 |
-150.000,00 |
|
12. Cash Flow in financing activities (9 + 10 + 11) |
1.491,00 |
-88.103,00 |
-155.240,00 |
|
D) Exchange rate variations effect |
|
|
|
|
E) NET CASH OR EQUIVALENTS INCREASE / REDUCTION (5 + 8 + 12 + D) |
245,00 |
-4.693,00 |
66,00 |
|
Cash or equivalents at the beginning of the exercise |
4.953,00 |
9.646,00 |
9.578,00 |
|
Cash or equivalents at the end of the exercise |
5.198,00 |
4.953,00 |
9.646,00 |
RATIOS
|
|
29/02/2012 (12) |
CHANGE % |
28/02/2011 (12) |
CHANGE % |
28/02/2010 (12) |
|
BALANCE RATIOS |
|||||
|
Working Capital (€) |
-44.565,00 |
65,99 |
-131.053,00 |
-291,31 |
68.504,00 |
|
Working capital ratio |
-0,02 |
66,67 |
-0,06 |
-300,00 |
0,03 |
|
Soundness Ratio |
0,84 |
-8,70 |
0,92 |
-8,91 |
1,01 |
|
Average Collection Period (days) |
4 |
-15,38 |
5 |
-51,85 |
10 |
|
Average Payment Period (days) |
52 |
-9,43 |
57 |
103,85 |
28 |
|
LIQUIDITY RATIOS |
|||||
|
Current Ratio (%) |
85,93 |
29,16 |
66,53 |
-50,06 |
133,21 |
|
Quick Ratio (%) |
2,27 |
69,40 |
1,34 |
-77,63 |
5,99 |
|
DEBT RATIOS |
|||||
|
Borrowing percentage (%) |
17,01 |
59,57 |
10,66 |
422,55 |
2,04 |
|
External Financing Average Cost |
0,00 |
-100,00 |
0,01 |
-80,00 |
0,05 |
|
Debt Service Coverage |
4,58 |
179,88 |
1,64 |
556,00 |
0,24 |
|
Interest Coverage |
37,96 |
-16,74 |
45,59 |
6,49 |
42,81 |
|
GENERAL AND ACTIVITIES RATIOS |
|||||
|
Auto financing generated by sales (%) |
3,81 |
-35,42 |
5,90 |
-18,17 |
7,21 |
|
Auto financing generated by Assets (%) |
3,71 |
-43,01 |
6,51 |
-21,57 |
8,30 |
|
Breakdown Point |
1,02 |
-0,97 |
1,03 |
-0,96 |
1,04 |
|
Average Sales Volume per Employee |
191,29 |
-3,40 |
198,02 |
11,88 |
177,00 |
|
Average Cost per Employee |
26,77 |
-0,52 |
26,91 |
14,61 |
23,48 |
|
Assets Turnover |
0,97 |
-11,82 |
1,10 |
-4,35 |
1,15 |
|
Inventory Turnover (days) |
55 |
21,26 |
46 |
24,51 |
37 |
|
RESULTS RATIOS |
|||||
|
Return on Assets (ROA) (%) |
1,98 |
-40,00 |
3,30 |
-24,14 |
4,35 |
|
Operating Profitability (%) |
5,64 |
-27,13 |
7,74 |
-15,32 |
9,14 |
|
Return on Equity (ROE) (%) |
2,62 |
-35,94 |
4,09 |
-17,87 |
4,98 |
SECTORIAL
ANALYSIS
Balance Sheet and Financial Balance
Figures expressed in %
|
|
COMPANY (2012) |
SECTOR |
DIFFERENCE |
|
BALANCE SHEET ANALYSIS: % on the total assets |
|
|
|
|
ASSETS |
|||
|
A) NON CURRENT ASSETS |
87,86 |
56,90 |
30,96 |
|
A) CURRENT ASSETS |
12,14 |
43,10 |
-30,96 |
|
LIABILITIES |
|||
|
A) NET WORTH |
73,59 |
39,65 |
33,94 |
|
B) NON CURRENT LIABILITIES |
12,28 |
12,97 |
-0,69 |
|
C) CURRENT LIABILITIES |
14,13 |
47,37 |
-33,24 |
|
|
|
|
|
Results
Analytical Account
Figures given in %
|
|
COMPANY (2012) |
SECTOR |
DIFFERENCE |
|
Net Turnover |
95,47 |
96,42 |
-0,95 |
|
Other operating income |
4,53 |
3,58 |
0,95 |
|
OPERATING INCOME |
100,00 |
100,00 |
0,00 |
|
Supplies |
-67,90 |
-76,52 |
8,62 |
|
Variation in stocks of finished goods and work in progress |
|
0,00 |
|
|
GROSS MARGIN |
32,10 |
23,48 |
8,62 |
|
Other operating costs |
-13,27 |
-8,51 |
-4,76 |
|
Labour cost |
-13,36 |
-10,12 |
-3,24 |
|
GROSS OPERATING RESULT |
5,47 |
4,84 |
0,63 |
|
Amortization of fixed assets |
-3,56 |
-2,09 |
-1,47 |
|
Deterioration and result for fixed assets disposal |
0,03 |
-0,08 |
0,11 |
|
Other expenses / income |
|
0,09 |
|
|
NET OPERATING RESULT |
1,94 |
2,77 |
-0,83 |
|
Financial result |
-0,05 |
-0,19 |
0,14 |
|
RESULT BEFORE TAX |
1,89 |
2,58 |
-0,69 |
|
Taxes on profits |
-0,32 |
-0,59 |
0,27 |
|
RESULT COMING FROM CONTINUED OPERATIONS |
1,57 |
1,99 |
-0,42 |
|
Exercise result coming from discontinued operations net of taxes |
|
-0,02 |
|
|
NET RESULT |
1,57 |
1,96 |
-0,39 |
|
Amortization of fixed assets |
-3,56 |
-2,09 |
-1,47 |
|
Deterioration and provisions variation |
0,05 |
-0,19 |
0,24 |
|
|
5,09 |
4,24 |
0,85 |
Main
Ratios
Figures given in thousands €
|
|
COMPANY (2012) |
PTILE25 |
PTILE50 |
PTILE75 |
|
BALANCE RATIOS |
|
|
|
|
|
Working Capital (€) |
-44.565,00 |
-26.666,00 |
-5.226,64 |
5.296,15 |
|
Working capital ratio |
-0,02 |
-0,23 |
-0,13 |
0,10 |
|
Soundness Ratio |
0,84 |
0,37 |
0,61 |
1,06 |
|
Average Collection Period (days) |
4 |
5 |
11 |
20 |
|
Average Payment Period (days) |
52 |
63 |
81 |
98 |
|
LIQUIDITY RATIOS |
|
|
|
|
|
Current Ratio (%) |
85,93 |
51,56 |
76,67 |
132,47 |
|
Quick Ratio (%) |
2,27 |
5,49 |
8,06 |
21,51 |
|
DEBT RATIOS |
|
|
|
|
|
Borrowing percentage (%) |
17,01 |
1,21 |
10,30 |
29,07 |
|
External Financing Average Cost |
0,00 |
0,03 |
0,04 |
0,10 |
|
Debt Service Coverage |
4,58 |
0,20 |
1,07 |
4,26 |
|
Interest Coverage |
37,96 |
1,66 |
6,46 |
17,41 |
|
GENERAL AND ACTIVITIES RATIOS |
|
|
|
|
|
Auto financing generated by sales (%) |
3,81 |
2,20 |
3,51 |
5,81 |
|
Auto financing generated by Assets (%) |
3,71 |
4,40 |
7,30 |
10,92 |
|
Breakdown Point |
1,02 |
1,00 |
1,02 |
1,05 |
|
Average Sales Volume per Employee |
191,29 |
154,29 |
190,92 |
259,33 |
|
Average Cost per Employee |
26,77 |
18,60 |
21,48 |
23,90 |
|
Assets Turnover |
0,97 |
1,49 |
2,27 |
2,98 |
|
Inventory Turnover (days) |
55 |
25 |
32 |
43 |
|
RESULTS RATIOS |
|
|
|
|
|
Return on Assets (ROA) (%) |
1,98 |
0,99 |
4,06 |
8,45 |
|
Operating Profitability (%) |
5,64 |
4,46 |
8,16 |
12,18 |
|
Return on Equity (ROE) (%) |
2,62 |
4,16 |
10,94 |
22,33 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.12 |
|
|
1 |
Rs.103.38 |
|
Euro |
1 |
Rs.85.32 |
INFORMATION DETAILS
|
Report
Prepared by : |
NNA |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome
financial difficulties seems comparatively below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment record
(10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.