MIRA INFORM REPORT

Report Date :

04.09.2014

IDENTIFICATION DETAILS

Name :	EL CORTE INGLES SA

Registered Office :	Cl. Hermosilla, 112 - Madrid - 28009 - Madrid

Country :	Spain

Financials (as on) :	2013

Date of Incorporation :	28.06.1940

Legal Form :	Public Company

Line of Business :	Other retail sale in non-specialised stores [We tried to confirm / obtain the detailed activity but the same is not available from any sources]

No. of Employees	61507

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Satisfactory
Payment Behaviour :	No Complaints
Litigation :	Clear

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – June 1, 2014

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Spain

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

SPAIN - ECONOMIC OVERVIEW

Spain experienced a prolonged recession in the wake of the global financial crisis. GDP contracted by 3.7% in 2009, ending a 16-year growth trend, and continued contracting through most of 2013. Economic growth resumed in late 2013, albeit only modestly, as credit contraction in the private sector, fiscal austerity, and high unemployment continued to weigh on domestic consumption and investment. Exports, however, have been resilient throughout the economic downturn, partially offsetting declines in domestic consumption and helped to bring Spain's current account into surplus in 2013 for the first time since 1986. The unemployment rate rose from a low of about 8% in 2007 to more than 26% in 2013, straining Spain's public finances as spending on social benefits increased while tax revenues fell. Spain’s budget deficit peaked at 11.4% of GDP in 2009. Spain gradually reduced the deficit to just under 7% of GDP in 2013, slightly above the 6.5% target negotiated between Spain and the EU. Public debt has increased substantially – from 60.1% of GDP in 2010 to 93.4% in 2013. Rising labor productivity, moderating labor costs, and lower inflation have helped to improve foreign investor interest in the economy and to reduce government borrowing costs. The government's ongoing efforts to implement reforms - labor, pension, health, tax, and education - are aimed at supporting investor sentiment. The government also has shored up struggling banks exposed to Spain's depressed domestic construction and real estate sectors by successfully completing an EU-funded restructuring and recapitalization program in December 2013.

Source : CIA

EXECUTIVE SUMMARY

Name:

EL CORTE INGLES SA

NIF / Fiscal code:

A28017895

Status:

ACTIVE

Incorporation Date:

28/06/1940

Register Data

Last Publication in BORME:

30/07/2014 [Board Meeting]

Last Published Account Deposit:

2013

Share Capital:

486.864.000

Localization:

CL. HERMOSILLA, 112 - MADRID - 28009 - MADRID

Telephone - Fax - Email - Website:

Ph.:. 901122122 Email. servicio_clientes@elcorteingles.es Website. www.elcorteingles.es

Number of Branches

Activity:

NACE:

4719 - Other retail sale in non-specialised stores

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)

None

---

Proceedings heard by the Civil Court

Unpublished

---

Proceedings heard by the Labour Court

---

Partners:

FUNDACION RAMON ARECES
Shares:	56
Other Links:	27
No. of Active Corporate Bodies:

Ratios

2013

2012

Change

Guarantees:

Properties Registered:

Company NO, Administrator NO

Financing / Guarantee Sources :

Sources YES, Guarantees YES

INVESTIGATION SUMMARY

The company was established at the end of June 1940. El Corte Inglés is a distribution group of Spain consisting of companies of different formats, being the main department stores. There are 61.507 employees. In the light of the foregoing, we consider the company apt to keep being related to usual credit loan operations.

Interviewed Person:

Enquiry Details

Identification

Social Denomination:

EL CORTE INGLES SA

NIF / Fiscal code:

A28017895

Corporate Status:

ACTIVE

Start of activity:

1952

Registered Office:

CL. HERMOSILLA, 112

Locality:

MADRID

Province:

MADRID

Postal Code:

28009

Telephone:

901122122

Fax:

914017454

Website:

www.elcorteingles.es

Email:

servicio_clientes@elcorteingles.es

Interviewed Person:

Administration

Branch Offices

Address

Postal Code

City

Province

CALLE CABA 4

02001

ALBACETE

CALLE JUAN PEREZ ARRIETE S/N

11204

ALGECIRAS

CADIZ

Conde de Gondomar, 9

14003

CORDOBA

Av. Linares Rivas, 27

15005

CORUÑA (A)

LA CORUÑA

CALLE CARRERA DE LA VIRGEN 20 22

18009

GRANADA

AVENI EDUARDO GUITIAN 17

19002

GUADALAJARA

AVENI ALCALDE FEDERICO MOLINA 1

21003

HUELVA

Av. Juan Carlos I, S/N

28806

ALCALA DE HENARES

MADRID

Brihuega, 2

28805

ALCALA DE HENARES

MADRID

Av. Móstoles, 1

28922

ALCORCON

MADRID

Av. Infante Don Luis, 12

28660

BOADILLA DEL MONTE

MADRID

Francisco Tomás y Valiente, S/N

28660

BOADILLA DEL MONTE

MADRID

Ctra. La Coruña (Vía de Servicio), KM 38 4

28400

COLLADO VILLALBA

MADRID

Santo, 2

28400

COLLADO VILLALBA

MADRID

Ctra. Guadarrama, KM 18 6

28280

ESCORIAL (EL)

MADRID

Ctra. Galapagar-La Navata, 1

28260

GALAPAGAR

MADRID

Franklin, S/N

28906

GETAFE

MADRID

Escoriales, 5

28440

GUADARRAMA

MADRID

Av. Gran Bretaña, S/N

28916

LEGANES

MADRID

Abada, 3

28013

MADRID

Agustín de Foxá, S/N

28036

MADRID

Alcalá, 98

28009

MADRID

Alfonso Gómez, 8

28037

MADRID

Arapiles, 10-12

28015

MADRID

Augusto Figueroa, 24

28004

MADRID

Castillo, 26

28010

MADRID

Clara del Rey, 50

28002

MADRID

Chile, 4

28016

MADRID

Duque de Sesto, 23

28009

MADRID

Francisco Rojas, 6

28010

MADRID

Fuencarral, 56

28004

MADRID

Fuente Carrantona, 39

28030

MADRID

Príncipe de Vergara, 108

28002

MADRID

Rda. Atocha, 14

28012

MADRID

Goya, 115

28009

MADRID

Hermano Gárate, 4

28020

MADRID

Hermanos García Noblejas, 25

28037

MADRID

Gran Vía, 30

28013

MADRID

Magallanes, 3

28015

MADRID

Marcelo Usera, 3

28026

MADRID

Miguel Yuste, 45

28037

MADRID

Núñez de Balboa, 115

28006

MADRID

Orense, 2

28020

MADRID

Av. Plaza de Toros, S/N

28025

MADRID

Preciados, 9

28013

MADRID

Princesa, 47

28008

MADRID

Glta. Quevedo, 8

28015

MADRID

Raimundo Fernández Villaverde, 79

28003

MADRID

Ramón de Aguinaga, 3

28028

MADRID

Ríos Rosas, 46

28003

MADRID

Serrano, 70

28001

MADRID

Silvano, 75

28043

MADRID

Toledo, 143

28005

MADRID

Tomás Bretón, 21

28045

MADRID

Valentín Llaguno, 36

28019

MADRID

Velázquez, 47

28001

MADRID

Villanueva, 20

28001

MADRID

Virgen del Sagrario, 6

28027

MADRID

Vitruvio, 5

28006

MADRID

Julio Camba, 1

28028

MADRID

Av. Monforte de Lemos, 195

28035

MADRID

Palos de la Frontera, 22

28012

MADRID

Ginzo de Limia, S/N

28029

MADRID

Av. Cardenal Herrera Oria, 242

28035

MADRID

Av. Manoteras, 32

28050

MADRID

Santiago de Compostela, S/N

28029

MADRID

Av. Padre Huidobro, S/N

28023

MADRID

Av. Gran Vía de Hortaleza, S/N

28043

MADRID

Av. Andes, 50

28042

MADRID

Retama, 7

28045

MADRID

Margarita de Parma, 4

28050

MADRID

Rda. Comunicación, S/N

28050

MADRID

Av. Reyes Católicos, 8

28220

MAJADAHONDA

MADRID

Granada, 50

28935

MOSTOLES

MADRID

Exacta, 16

28320

PINTO

MADRID

San Antón, 2

28320

PINTO

MADRID

Pablo Picasso, S/N

28320

PINTO

MADRID

Isaac Peral, 2

28521

RIVAS-VACIAMADRID

MADRID

Chile, S/N

28290

ROZAS DE MADRID (LAS)

MADRID

Ctra. Guadarrama, KM 18 6

28200

SAN LORENZO DE EL ESCORIAL

MADRID

Gral. Asensio, 21

28609

SEVILLA LA NUEVA

MADRID

Av. Madrid, S/N

28850

TORREJON DE ARDOZ

MADRID

Rufino Torres Manuel, 2

28250

TORRELODONES

MADRID

Av. Fontanilla, S/N

28250

TORRELODONES

MADRID

Río Turia, 5

28229

VILLANUEVA DEL PARDILLO

MADRID

Rda. Europa, 5

28760

TRES CANTOS

MADRID

Av. los Labradores, 9

28760

TRES CANTOS

MADRID

AVENI NUESTRO PADRE JESUS CAUTIVO 3 / LOS BOLICHES

29640

FUENGIROLA

MALAGA

AVENI ANDALUCIA 4 Y 6

29006

MALAGA

CALLE RAMON ARECES 2

33211

GIJON

ASTURIAS

CALLE URIA 9

33003

OVIEDO

ASTURIAS

CALLE MARIA AUXILIADORA 71 85

37004

SALAMANCA

AVENI TOLEDO DE 1

45600

TALAVERA DE LA REINA

TOLEDO

PASEO SAGASTA 3

50008

ZARAGOZA

PLAZA CATALUNYA, 14

08002

Barcelona

AVDA. DIAGONAL, 471-473

08036

Barcelona

Travessera de les Corts, 268

08004

Barcelona

Activity

NACE:

4719

CNAE Obtaining Source:

4719

Additional Information:

El Corte Inglés is a distribution group of Spain consisting of companies of different formats, being the main department stores.

Additional Address:

Registered office, offices and other facilities. With saling points all around Spain.

Franchise:

Import / export:

IMPORTS

Future Perspective:

Consolidation

Industry situation:

Maturity

Number of Employees

Year

No. of employees

Established

Incidentals

2014

61507

Chronological Summary

Year

Act

1990

Accounts deposit (ejer. 1989) Adaptation to Law (1) Appointments/ Re-elections (11)

1991

Appointments/ Re-elections (9) Cessations/ Resignations/ Reversals (2) Increase of Capital (1)

1992

Accounts deposit (ejer. 1990) Appointments/ Re-elections (6) Increase of Capital (1)

1993

Appointments/ Re-elections (14) Cessations/ Resignations/ Reversals (1) Increase of Capital (2)

1994

Accounts deposit (ejer. 1992 consolidated, 1993 consolidated, 1992, 1993) Appointments/ Re-elections (7) Change of Social Purpose (1) Increase of Capital (1)

1995

Accounts deposit (ejer. 1994 consolidated, 1994) Appointments/ Re-elections (21) Cessations/ Resignations/ Reversals (1) Increase of Capital (1)

1996

Accounts deposit (ejer. 1996 consolidated, 1996) Appointments/ Re-elections (31) Cessations/ Resignations/ Reversals (5) Increase of Capital (1)

1997

Accounts deposit (ejer. 1997 consolidated, 1997) Appointments/ Re-elections (8) Board Meeting (1) Cessations/ Resignations/ Reversals (3) Increase of Capital (1)

1998

Accounts deposit (ejer. 1998 consolidated, 1998) Appointments/ Re-elections (9) Board Meeting (1) Cessations/ Resignations/ Reversals (3) Increase of Capital (1)

1999

Accounts deposit (ejer. 1999 consolidated, 1999) Appointments/ Re-elections (22) Board Meeting (1) Cessations/ Resignations/ Reversals (2) Increase of Capital (1) Statutory Modifications (1)

2000

Accounts deposit (ejer. 2000 consolidated, 2000) Appointments/ Re-elections (6) Board Meeting (1) Cessations/ Resignations/ Reversals (2) Increase of Capital (1)

2001

Appointments/ Re-elections (20) Board Meeting (1) Capital Reduction (2) Increase of Capital (1)

2002

Accounts deposit (ejer. 2001 consolidated, 2002 consolidated, 2001) Appointments/ Re-elections (19) Board Meeting (1) Cessations/ Resignations/ Reversals (2) Increase of Capital (1) Statutory Modifications (1) Take-over Merger (5)

2003

Accounts deposit (ejer. 2003 consolidated, 2003) Appointments/ Re-elections (29) Board Meeting (1) Cessations/ Resignations/ Reversals (8) Increase of Capital (1) Other Concepts/ Events (2)

2004

Accounts deposit (ejer. 2004 consolidated, 2004) Appointments/ Re-elections (20) Board Meeting (1) Cessations/ Resignations/ Reversals (5) Increase of Capital (1)

2005

Appointments/ Re-elections (8) Board Meeting (1) Cessations/ Resignations/ Reversals (3) Increase of Capital (1) Other Concepts/ Events (1)

2006

Accounts deposit (ejer. 2005 consolidated, 2006 consolidated, 2005, 2006) Appointments/ Re-elections (20) Board Meeting (1) Cessations/ Resignations/ Reversals (1) Errata (2) Increase of Capital (1) Other Concepts/ Events (2)

2007

Accounts deposit (ejer. 2007) Appointments/ Re-elections (26) Board Meeting (1) Cessations/ Resignations/ Reversals (2) Errata (2) Increase of Capital (1)

2008

Accounts deposit (ejer. 2007 consolidated, 2008 consolidated, 2008) Appointments/ Re-elections (16) Board Meeting (1) Cessations/ Resignations/ Reversals (3) Increase of Capital (1)

2009

Accounts deposit (ejer. 2009 consolidated, 2009) Appointments/ Re-elections (20) Board Meeting (1) Cessations/ Resignations/ Reversals (18) Other Concepts/ Events (5)

2010

Accounts deposit (ejer. 2010 consolidated, 2010) Appointments/ Re-elections (51) Board Meeting (1) Cessations/ Resignations/ Reversals (23) Other Concepts/ Events (6)

2011

Appointments/ Re-elections (20) Board Meeting (1) Cessations/ Resignations/ Reversals (17)

2012

Accounts deposit (ejer. 2011 consolidated, 2011) Appointments/ Re-elections (29) Board Meeting (1) Cessations/ Resignations/ Reversals (8) Other Concepts/ Events (5) Take-over Merger (3)

2013

Accounts deposit (ejer. 2012 consolidated) Appointments/ Re-elections (22) Board Meeting (1) Cessations/ Resignations/ Reversals (24) Other Concepts/ Events (1)

2014

Accounts deposit (ejer. 2013 consolidated, 2012, 2013) Appointments/ Re-elections (17) Board Meeting (1) Cessations/ Resignations/ Reversals (3)

Breakdown of Owners' Equity

Registered Capital:

486.864.000

Paid up capital:

486.864.000

Updated Evolution of the Subscribed and Paid-in Capital

Publishing Date

Registration Type

Capital Subscribed

Paid up capital

Underwritten result

Disbursed Result

15/02/1991

Increase of Capital

20.320.219

226.909.115

29/01/1992

Increase of Capital

30.480.329

257.389.444

03/02/1993

Increase of Capital

20.320.219

277.709.663

05/11/1993

Increase of Capital

10.160.110

287.869.773

19/10/1994

Increase of Capital

10.160.110

298.029.882

14/11/1995

Increase of Capital

13.546.813

311.576.695

18/10/1996

Increase of Capital

13.546.813

325.123.508

15/10/1997

Increase of Capital

13.546.813

338.670.321

01/10/1998

Increase of Capital

13.546.813

352.217.134

21/10/1999

Increase of Capital

13.546.813

365.763.946

30/10/2000

Increase of Capital

13.546.813

379.310.759

02/11/2001

Capital Reduction

-638.759

378.672.000

02/11/2001

Increase of Capital

13.524.000

392.196.000

07/10/2002

Increase of Capital

13.524.000

405.720.000

07/10/2003

Increase of Capital

13.524.000

419.244.000

29/09/2004

Increase of Capital

13.524.000

432.768.000

26/10/2005

Increase of Capital

13.524.000

446.292.000

06/10/2006

Increase of Capital

13.524.000

459.816.000

01/10/2007

Increase of Capital

13.524.000

473.340.000

07/10/2008

Increase of Capital

13.524.000

486.864.000

Active Social Bodies

Post published

Social Body's Name

Appointment Date

Other Positions in this Company

PRESIDENT

ALVAREZ ALVAREZ ISIDORO

08/10/2013

MEMBER OF THE BOARD

MARTINEZ ECHAVARRIA ANSELMO CARLOS

08/10/2013

LASAGA MUNARRIZ FLORENCIO

08/10/2013

ALVAREZ ALVAREZ ISIDORO

08/10/2013

HERMOSO ARMADA JUAN

08/10/2013

CORPORACION CESLAR SL

08/10/2013

CARTERA MANCOR SL

08/10/2013

DEL NOGAL ROPERO JOSE LEOPOLDO

03/11/2010

GIMENO ALVAREZ DIMAS RODRIGO

03/11/2010

JOINT CHIEF EXECUTIVE OFFICER

GIMENO ALVAREZ DIMAS RODRIGO

08/10/2013

DEL NOGAL ROPERO JOSE LEOPOLDO

08/10/2013

CARTERA MANCOR SL

08/10/2013

CORPORACION CESLAR SL

08/10/2013

HERMOSO ARMADA JUAN

08/10/2013

ALVAREZ ALVAREZ ISIDORO

08/10/2013

LASAGA MUNARRIZ FLORENCIO

08/10/2013

MARTINEZ ECHAVARRIA ANSELMO CARLOS

08/10/2013

NON CONSELLOR SECRETARY

SORIANO ATENCIA FAUSTINO JOSE

08/10/2012

REPRESENTATIVE

GARCIA PEÑA PALOMA

08/10/2013

ARECES GALAN ANA CARLOTA

08/10/2013

ACCOUNTS' AUDITOR / HOLDER

DELOITTE SL

26/11/2013

Historical Social Bodies

Social Body's Name

Post published

End Date

Other Positions in this Company

ALVAREZ ALVAREZ ISIDORO

MEMBER OF THE BOARD

19/09/1996

MEMBER OF THE BOARD

14/10/1998

MEMBER OF THE BOARD

11/01/1999

MEMBER OF THE BOARD

06/10/2003

MEMBER OF THE BOARD

03/10/2008

MEMBER OF THE BOARD

08/10/2013

JOINT CHIEF EXECUTIVE OFFICER

06/10/2003

JOINT CHIEF EXECUTIVE OFFICER

08/10/2013

CHIEF EXECUTIVE OFFICER

11/01/1999

CHIEF EXECUTIVE OFFICER

03/10/2008

PRESIDENT

14/10/1998

PRESIDENT

06/10/2003

PRESIDENT

03/10/2008

PRESIDENT

08/10/2013

ARECES GALAN ANA CARLOTA

REPRESENTATIVE

06/10/2003

REPRESENTATIVE

03/10/2008

REPRESENTATIVE

08/10/2013

ARECES RODRIGUEZ CELESTINO

MEMBER OF THE BOARD

19/09/1996

MEMBER OF THE BOARD

14/10/1998

MEMBER OF THE BOARD

16/06/1999

JOINT CHIEF EXECUTIVE OFFICER

06/10/2003

ARECES RODRIGUEZ LUIS

MEMBER OF THE BOARD

03/10/2002

JOINT CHIEF EXECUTIVE OFFICER

03/10/2002

VICE CHAIRMAN

03/10/2002

MEMBER OF THE BOARD

19/09/1996

MEMBER OF THE BOARD

14/10/1998

ARTHUR ANDERSEN Y CIA S COM

ACCOUNTS' AUDITOR / HOLDER

25/10/1999

ACCOUNTS' AUDITOR / HOLDER

31/10/2000

ACCOUNTS' AUDITOR / HOLDER

28/11/2001

ACCOUNTS' AUDITOR / HOLDER

25/10/2002

CARTERA MANCOR SL

MEMBER OF THE BOARD

08/10/2013

JOINT CHIEF EXECUTIVE OFFICER

08/10/2013

CORPORACION CESLAR SL

MEMBER OF THE BOARD

08/10/2013

JOINT CHIEF EXECUTIVE OFFICER

08/10/2013

CHIEF EXECUTIVE OFFICER

03/10/2008

MEMBER OF THE BOARD

03/10/2008

MEMBER OF THE BOARD

06/10/2003

DE MINGO CONTRERAS JUAN MANUEL

MEMBER OF THE BOARD

14/10/1998

MEMBER OF THE BOARD

11/01/1999

MEMBER OF THE BOARD

06/10/2003

JOINT CHIEF EXECUTIVE OFFICER

06/10/2003

SECRETARY

06/10/2003

SECRETARY

03/10/2008

MEMBER OF THE BOARD

03/10/2008

CHIEF EXECUTIVE OFFICER

03/10/2008

MEMBER OF THE BOARD

01/08/2013

JOINT CHIEF EXECUTIVE OFFICER

01/08/2013

SECRETARY

08/10/2012

MEMBER OF THE EXECUTIVE COMM.

01/08/2013

DEL NOGAL ROPERO JOSE LEOPOLDO

MEMBER OF THE BOARD

03/11/2010

DELOITTE & TOUCHE ESPAÑA SL

ACCOUNTS' AUDITOR / HOLDER

13/10/2003

ACCOUNTS' AUDITOR / HOLDER

29/10/2004

DELOITTE ESPAÑA SL

ACCOUNTS' AUDITOR / HOLDER

25/10/2002

ACCOUNTS' AUDITOR / HOLDER

13/10/2003

DELOITTE S L

ACCOUNTS' AUDITOR / HOLDER

19/10/2006

ACCOUNTS' AUDITOR / HOLDER

06/10/2007

DELOITTE SL

ACCOUNTS' AUDITOR / HOLDER

29/10/2004

ACCOUNTS' AUDITOR / HOLDER

26/10/2005

ACCOUNTS' AUDITOR / HOLDER

19/10/2006

ACCOUNTS' AUDITOR / HOLDER

10/11/2008

ACCOUNTS' AUDITOR / HOLDER

10/12/2009

ACCOUNTS' AUDITOR / HOLDER

31/10/2012

ACCOUNTS' AUDITOR / HOLDER

28/10/2010

ACCOUNTS' AUDITOR / HOLDER

22/11/2011

ACCOUNTS' AUDITOR / HOLDER

26/11/2013

CONSOLIDATED ACCOUNTS' AUDITOR

26/11/2013

GARCIA MIRANDA JOSE ANTONIO

MEMBER OF THE BOARD

06/10/2003

MEMBER OF THE BOARD

14/10/1998

MEMBER OF THE BOARD

19/09/1996

REPRESENTATIVE

25/10/2010

CHIEF EXECUTIVE OFFICER

03/10/2008

JOINT CHIEF EXECUTIVE OFFICER

06/10/2003

MEMBER OF THE BOARD

03/10/2008

GARCIA PEÑA PALOMA

REPRESENTATIVE

08/10/2013

GIMENO ALVAREZ DIMAS RODRIGO

MEMBER OF THE BOARD

03/11/2010

REPRESENTATIVE

27/10/2010

GOMEZ PASTRANA MORALES MANUEL

MEMBER OF THE BOARD

06/10/2003

CHIEF EXECUTIVE OFFICER

03/10/2008

MEMBER OF THE BOARD

03/10/2008

MEMBER OF THE BOARD

03/03/2011

JOINT CHIEF EXECUTIVE OFFICER

03/03/2011

GONZALEZ DELGADO JUAN CARLOS

REPRESENTATIVE

16/03/2009

REPRESENTATIVE

03/10/2008

GONZALEZ FERNANDEZ DAVID

MEMBER OF THE BOARD

06/10/2003

REPRESENTATIVE

11/09/2007

MEMBER OF THE BOARD

19/09/1996

MEMBER OF THE BOARD

14/10/1998

JOINT CHIEF EXECUTIVE OFFICER

06/10/2003

HERMOSO ARMADA JUAN

MEMBER OF THE BOARD

06/10/2003

MEMBER OF THE BOARD

03/10/2008

CHIEF EXECUTIVE OFFICER

03/10/2008

MEMBER OF THE BOARD

08/10/2013

JOINT CHIEF EXECUTIVE OFFICER

08/10/2013

INGONDEL SL

MEMBER OF THE BOARD

27/10/2010

JOINT CHIEF EXECUTIVE OFFICER

27/10/2010

CHIEF EXECUTIVE OFFICER

03/10/2008

MEMBER OF THE BOARD

03/10/2008

LASAGA MUNARRIZ FLORENCIO

MEMBER OF THE BOARD

19/09/1996

JOINT CHIEF EXECUTIVE OFFICER

06/10/2003

MEMBER OF THE BOARD

06/10/2003

MEMBER OF THE BOARD

14/10/1998

MEMBER OF THE BOARD

03/10/2008

CHIEF EXECUTIVE OFFICER

03/10/2008

JOINT CHIEF EXECUTIVE OFFICER

08/10/2013

MEMBER OF THE BOARD

08/10/2013

MARTINEZ ECHAVARRIA ANSELMO CARLOS

MEMBER OF THE BOARD

14/10/1998

MEMBER OF THE BOARD

11/01/1999

MEMBER OF THE BOARD

06/10/2003

MEMBER OF THE BOARD

03/10/2008

MEMBER OF THE BOARD

08/10/2013

JOINT CHIEF EXECUTIVE OFFICER

06/10/2003

JOINT CHIEF EXECUTIVE OFFICER

08/10/2013

CHIEF EXECUTIVE OFFICER

03/10/2008

MARTINEZ ECHEVARRIA ANSELMO CARLOS

MEMBER OF THE BOARD

19/09/1996

MARTINEZ IÑIGUEZ MIGUEL

MEMBER OF THE BOARD

06/10/2003

MEMBER OF THE BOARD

27/10/2010

JOINT CHIEF EXECUTIVE OFFICER

27/10/2010

CHIEF EXECUTIVE OFFICER

03/10/2008

MEMBER OF THE BOARD

03/10/2008

MINGO CONTRERAS JUAN MANUEL

MEMBER OF THE BOARD

19/09/1996

SECRETARY

14/10/1998

Executive board

Post

NIF

Name

BRANCH OFFICE MANAGER

JUAN SABATER ROSELL

COMMERCIAL MANAGER

JUAN M PARET

MANAGING DIRECTOR

DIMAS GIMENO ALVAREZ

CHAIRMAN

ISIDORO ALVAREZ ALVAREZ

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 ).

> Summary

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

Unpublished

---

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

---

05/05/2009

03/06/2014

> Basis for rating

Positive Factors

Adverse Factors

Significant level of financial autonomy. The asset is financed mostly with equity and financing with maturity exceeding one year, providing a solid financial structure.

EL CORTE INGLES SA 's borrowing cost is appropriate according to its volume of external financing sources.

Long term debt represents 79.08 % of the debt with a maturity of less than one year. In principle, an increase in this ratio would indicate an improvement in the short-term financial situation.

The development of the structure of the debt during the last two years indicates a decrease of the debt with credit institutions and trade creditors in respect to all liabilities. The lower the level of debt, the lower the dependence on suppliers capital and the more guarantee will have its financial situation.

Significant operating income. The Company has the necessary return on the investments for its main activity in comparison with its assets. This return is higher than that of the financial year 2012 which means that the company's financial situation has improved.

Probability of default

> Probabilidad Estimada de Impago para los próximos 12 meses: 0.390 %

> Latest Rating Changes :

Sector in which comparison is carried out :

471 Retail sale in non-specialised stores

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 99.00% of the companies of the sector EL CORTE INGLES 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 0.390%.

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.

LEGAL CLAIMS

Summary of Judicial Claims

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

No se han publicado

Incidences with the Autonomous Administration

No se han publicado

Incidences with the Local Administration

No se han publicado

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

14 Legal Claims for a total cost of 19.615,98 E

Incidences Detailed

Procedimientos ante Juzgados de lo Social

IN THE SOCIAL COURT Nº 5 DE VIGO (PONTEVEDRA) - Date 03/06/2014

Last Published Stage:

EXECUTION

Record Number:

44/2014

Amount of the incidence:

1.625,22 E

Requested by:

VARIOS DEMANDANTES

Published domicile:

VIGO (PONTEVEDRA)

Source:

B.O.P. PONTEVEDRA Nº117, 2014 PAGINA 68

IN THE SOCIAL COURT Nº 4 DE VIGO (PONTEVEDRA) - Date 11/12/2013

Last Published Stage:

SENTENCE NOTIFICATION

Record Number:

1094/2012

Amount of the incidence:

1.625,22 E

Requested by:

LUIS PEDROSO FERNANDEZ, IAGO GARCIA JUSTE, ANA GAR

Published domicile:

VIGO (PONTEVEDRA)

Source:

B.O.P. PONTEVEDRA Nº8, 2014 PAGINA 43

IN THE SOCIAL COURT Nº 2 DE CORDOBA - Date 03/12/2013

Last Published Stage:

SENTENCE NOTIFICATION

Record Number:

1499/2012

Amount of the incidence:

8.782,66 E

Requested by:

VARIOS DEMANDANTES

Published domicile:

CORDOBA

Source:

BOLETIN OFICIAL DE LA COMUNIDAD DE MADRID Nº15, 2014 PAGINA 254

IN THE SOCIAL COURT Nº 3 DE A CORUÑA (LA CORUÑA) - Date 09/10/2012

Last Published Stage:

SENTENCE NOTIFICATION

Record Number:

760/2010

Amount of the incidence:

4.549,27 E

Requested by:

EUSEBIO MOURE VEIRAS

Published domicile:

MADOSA (LA) C.P.:00000 (LA CORUÑA)

Source:

DIARIO OFICIAL DE GALICIA Nº207, 2012 PAGINA 40889

IN THE SOCIAL COURT Nº 1 DE A CORUÑA (LA CORUÑA) - Date 30/09/2011

Last Published Stage:

SENTENCE NOTIFICATION

Record Number:

980/2010

Amount of the incidence:

3.033,61 E

Requested by:

EDUARDO GARCIA RODRIGUEZ

Published domicile:

MADOSA (LA) C.P.:00000 (LA CORUÑA)

Source:

DIARIO OFICIAL DE GALICIA Nº70, 2012 PAGINA 13064

Link List

PARTICIPATES IN:

56 Entities

SHAREHOLDERS:

1 Entities

PARENT COMPANY OF:

12 Entities

ABSORBS TO:

2 Entities

BELONGS TO THE ADMINISTRATION BOARD OF:

5 Entities

HAS IN ITS ADMINISTRATION BOARD TO:

2 Entities

IS ASSOCIATED WITH:

1 Entities

IS RELATED WITH:

5 Entities

> Shareholders

Relationship

Entity

Province

Shareholding stake

SHAREHOLDERS

FUNDACION RAMON ARECES

MADRID

PARTICIPATES IN

GESTION DE PUNTOS DE VENTA GESPEVESA SA

MADRID

TELECOR SA

MADRID

SEINVE SA

MADRID

100

VIAJES EL CORTE INGLES SA

MADRID

100

CONFECCIONES TERUEL SA

MADRID

100

FST HOTELS SL

BALEARES

INFORMATICA EL CORTE INGLES SA

MADRID

100

HIPERCOR SA

MADRID

100

INVESTRONICA SA

MADRID

PUBLICIDAD PUNTO DE VENTA ECI SA

MADRID

INDUSTRIAS DEL VESTIDO SA

MADRID

100

PARINVER SA

MADRID

100

SEGUROS EL CORTE INGLES VIDA PENSIONES Y REASEGUROS SA

MADRID

100

CONSTRUCCION PROMOCIONES E INSTALACIONES SA

MADRID

100

CENTRO DE SEGUROS Y SERVICIOS CORREDURIA DE SEGUROS SA GRUPO DE SEGUROS EL CORTEINGLES

MADRID

100

ESGUEVA SA

MADRID

TIENDAS DE CONVENIENCIA SA

MADRID

100

BRICOR SA

MADRID

100

SUPERCOR SA

MADRID

100

ASON INMOBILIARIA DE ARRIENDOS SL

MADRID

100

CANAL CLUB DE DISTRIBUCION DE OCIO Y CULTURA SA

MADRID

74.95

OPTICA 2000 SL

BARCELONA

100

SFERA JOVEN SA

MADRID

100

SEPHORA COSMETICOS ESPAÑA SL

MADRID

EL CORTE INGLES GRANDES ARMAZENS, SOCIEDAD ANONIMA, (PORTUGAL)

99.56

URIA VEINTE SA

MADRID

100

FINANCIERA EL CORTE INGLES E F C SA.

MADRID

100

EDITORIAL CENTRO DE ESTUDIOS RAMON ARECES SA

MADRID

100

IZARO FILMS SA

MADRID

VIAJES EL CORTE INGLES ARGENTINA, S.A.

VIAJES EL CORTE INGLES, SOCIEDAD ANONIMA, DE CV (MEXICO)

MODA JOVEN SFERA MEXICO, SOCIEDAD ANONIMA, DE CV (MEXICO)

INGONDEL SL

MADRID

100

VIAJES EL CORTE INGLES PERU, S.A.

VIAJES EL CORTE INGLES INC (EEUU)

INFORMATICA EL CORTE INGLES MEXICO, SOCIEDAD ANONIMA, DE CV

INFORMATICA EL CORTE INGLES BRASIL LTDA

INFORMATICA EL CORTE INGLES PERU, S.A.

INFORMATICA EL CORTE INGLES COLOMBIA SAS

PERFUMES Y COSMETICOS GRAN VIA SL

MADRID

CITOREL SL

MADRID

VIAJES EL CORTE INGLES COLOMBIA, S.A.

ECI HONG KONG (CHINA)

INFORMATICA EL CORTE INGLES REPUBLICA DOMINICANA, S.A.

VIAJES EL CORTE INGLES REPUBLICA DOMINICANA, S.L.

ASESORES DE VIAJE, SOCIEDAD ANONIMA, (CHILE)

ECI SHANGAI (CHINA)

100

GALERY, SOCIEDAD ANONIMA, VISAO-SERVICIOS DE OPTICA UNIPESSOAL LDA (PORTUGAL)

TOUR MUNDIAL URUGUAY, S.A.

HKU DOCUMENT SERVICES SARIA DE CV (MEXICO)

ASEPEYO MUTUA DE ACCIDENTES DE TRABAJO Y ENFERMEDADES PROFESIONALES DE LA SEGURIDAD SOCIAL N151

BARCELONA

PUBLIECI TELEVISION SA

MADRID

SEED CAPITAL DE BIZKAIA FONDO DE CAPITAL RIESGO DE REGIMEN COMUN

VIZCAYA

0.3

SEED CAPITAL DE BIZKAIA SOCIEDAD GESTORA DE ENTIDADES DE CAPITAL RIESGO SOCIEDAD ANONIMA

VIZCAYA

1.82

MODA JOVEN SFERA MEXICO, SOCIEDAD ANONIMA, DE CV

GALLERY DA VISAOSERVIÇOS DE OPTICA UNIPESSOAL LDA (PORTUGAL)

> Other relationships

Relationship

Entity

Province

Shareholding stake

PARENT COMPANY OF

CENTRO DE SEGUROS Y SERVICIOS CORREDURIA DE SEGUROS SA GRUPO DE SEGUROS EL CORTEINGLES

MADRID

CONSTRUCCION PROMOCIONES E INSTALACIONES SA

MADRID

100

HIPERCOR SA

MADRID

100

INFORMATICA EL CORTE INGLES SA

MADRID

100

EDITORIAL CENTRO DE ESTUDIOS RAMON ARECES SA

MADRID

100

FINANCIERA EL CORTE INGLES E F C SA.

MADRID

100

THE HARRIS COMPANY

100

VIAJES EL CORTE INGLES SA

MADRID

100

SEGUROS EL CORTE INGLES VIDA PENSIONES Y REASEGUROS SA

MADRID

100

INVESTRONICA SA

MADRID

PARINVER SA

MADRID

100

PUBLICIDAD PUNTO DE VENTA ECI SA

MADRID

IS ASSOCIATED WITH

GESTION DE PUNTOS DE VESTA, GESPEVESA, S.A.

IS RELATED WITH

JULIAN MARTIN SA

SALAMANCA

BIDEGI GIPUZKOAKO AZPIEGITUREN AGENTZIA-AGENCIA GUIPUZCOANA DE INFRAESTRUCTURAS SA

GUIPUZCOA

LOEWE HERMANOS SA

MADRID

GE REAL ESTATE LOGISTICS SL

MADRID

HEREDEROS DE NOSTROMO SL

MADRID

ABSORBS TO

MARKS SPENCER ESPAÑA SA

MADRID

INDUSTRIAS Y CONFECCIONES SA

MADRID

HAS IN ITS ADMINISTRATION BOARD TO

CARTERA MANCOR SL

NAVARRA

CORPORACION CESLAR SL

NAVARRA

CONSTRUCCIONES EDISAN SA

MADRID

BELONGS TO THE ADMINISTRATION BOARD OF

EUROFORUM ESCORIAL SA

MADRID

FUTURA INTERNATIONAL AIRWAYS SA

BALEARES

FABRICA ESPAÑOLA DE CONFECCIONES S.A. INDUSTRIAS Y CONFECCIONES S.A. ITURRI S.A. SAGRES SL EL CORTE INGLES S.A. INDUSTRIAS DEL VESTIDO S.A. INYECTADOS Y VULCANIZADOS S.A. MORALEDA CACHO Y CIA SRC TECN

MADRID

FABRICA ESPAÑOLA DE CONFECCIONES SA INDUSTRIAS Y CONFECCIONES SA LORCA INDUSTRIAL SA ITURRI SA INDUSTRIAS DEL VESTIDO SAU MORALEDA CACHO Y CIA SRC CERLIPS SA TEXTULAN SA TEXTIL COMERCIAL BEJAR SA CALZ

MADRID

Turnover

Total Sales 2013

9.555.016.000

Estimated Balance

2013 Non current assets 10.714.232.000,00 Current assets 2.880.935.000,00 Equity 5.521.401.000,00 Non current liabilities 3.565.310.000,00 Current liabilities 4.508.456.000,00 Total assets and liabilities 13.595.167.000,00 Sales 2013 9.555.016.000,00

Financial Accounts and Balance Sheets

Financial Years Presented

Ejercicio

Tipo de Cuentas Anuales

Fecha Presentacion

2013

Consolidadas

January 2014

2013

Normales

April 2014

2012

Consolidadas

January 2013

2012

Normales

April 2014

2011

Consolidadas

June 2012

2011

Normales

March 2012

2010

Consolidadas

November 2010

2010

Normales

November 2010

2009

Consolidadas

October 2009

2009

Normales

October 2009

2008

Consolidadas

November 2008

2008

Normales

October 2008

2007

Consolidadas

December 2007

2007

Normales

November 2007

2006

Consolidadas

November 2006

2006

Normales

November 2006

2005

Consolidadas

January 2006

2005

Normales

January 2006

2004

Consolidadas

November 2004

2004

Normales

November 2004

2003

Consolidadas

December 2003

2003

Normales

December 2003

2002

Consolidadas

December 2002

2002

Normales

No publicado en BORME

2001

Consolidadas

December 2001

2001

Normales

December 2001

2001

Normales

December 2002

2000

Consolidadas

November 2000

2000

Normales

November 2000

1999

Consolidadas

October 1999

1999

Normales

November 1999

1998

Consolidadas

October 1998

1998

Normales

October 1998

1997

Consolidadas

October 1997

1997

Normales

October 1997

1996

Consolidadas

November 1996

1996

Normales

November 1996

1994

Consolidadas

October 1995

1994

Normales

October 1995

1993

Consolidadas

October 1994

1993

Normales

October 1994

1992

Consolidadas

December 1993

1992

Normales

December 1993

1990

Normales

December 1991

1989

Normales

November 1990

1989

Normales

November 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 28/02/2013

> Balance en formato Normal de acuerdo al Nuevo Plan General Contable 2007

Information corresponding to the fiscal year 2013 2012 2011 2010 2009 is taken from information submitted to the TRADE REGISTER. Data corresponding to fiscal years before 2013 2012 2011 2010 2009 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 using its own methodology. To view details on the methodology.

ORIGINAL

Assets

2013

2012

2011

2010

2009

A) NON-CURRENT ASSETS: 11000

10.714.232.000,00

10.484.923.000,00

9.961.668.000,00

9.969.157.000,00

9.686.231.000,00

I. Intangible fixed assets : 11100

349.979.000,00

312.422.000,00

313.240.000,00

322.672.000,00

319.299.000,00

1. Development: 11110

0,00

2. Concessions: 11120

61.886.000,00

64.346.000,00

67.425.000,00

70.470.000,00

72.923.000,00

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

33.242.000,00

5.988.000,00

6.107.000,00

6.622.000,00

6.562.000,00

4. Goodwill: 11140

10.688.000,00

5. IT applications: 11150

243.967.000,00

231.075.000,00

228.391.000,00

234.047.000,00

228.197.000,00

6. Investigation: 11160

0,00

7. Other intangible fixed assets: 11170

196.000,00

325.000,00

629.000,00

845.000,00

929.000,00

II. Tangible fixed assets : 11200

6.664.496.000,00

6.552.475.000,00

6.463.130.000,00

6.313.708.000,00

6.024.545.000,00

1. Land and buildings: 11210

4.250.117.000,00

4.062.078.000,00

3.926.140.000,00

3.691.108.000,00

3.418.975.000,00

2. Technical installations and other tangible fixed assets: 11220

2.335.401.000,00

2.360.730.000,00

2.427.384.000,00

2.458.823.000,00

2.393.619.000,00

3. Tangible asset in progress and advances: 11230

78.978.000,00

129.667.000,00

109.606.000,00

163.777.000,00

211.951.000,00

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

3.152.718.000,00

3.199.401.000,00

2.959.033.000,00

3.111.507.000,00

3.132.967.000,00

1. Equity instruments: 11410

2.917.858.000,00

3.006.899.000,00

2.945.582.000,00

3.103.259.000,00

3.127.313.000,00

2. Credits to businesses: 11420

230.375.000,00

188.451.000,00

10.000.000,00

5.000.000,00

3. Debt securities: 11430

0,00

4. Derivatives : 11440

0,00

5. Other financial assets : 11450

4.485.000,00

4.051.000,00

3.451.000,00

3.248.000,00

654.000,00

6. Other investments: 11460

0,00

V. Long-term financial investments: 11500

166.549.000,00

164.144.000,00

187.868.000,00

167.785.000,00

134.331.000,00

1. Equity instruments: 11510

101.089.000,00

73.245.000,00

94.940.000,00

79.199.000,00

66.073.000,00

2. Credits to third parties : 11520

55.765.000,00

81.661.000,00

83.364.000,00

77.132.000,00

61.237.000,00

3. Debt securities: 11530

0,00

4. Derivatives : 11540

0,00

1.282.000,00

3.340.000,00

0,00

5. Other financial assets : 11550

9.695.000,00

9.238.000,00

8.282.000,00

8.114.000,00

7.021.000,00

6. Other investments: 11560

0,00

VI. Assets for deferred tax : 11600

380.490.000,00

256.481.000,00

38.397.000,00

53.485.000,00

75.089.000,00

VII. Non-current trade debts : 11700

0,00

B) CURRENT ASSETS: 12000

2.880.935.000,00

2.640.212.000,00

2.880.541.000,00

2.596.145.000,00

2.704.339.000,00

I. Non-current assets held for sale : 12100

0,00

II. Stocks: 12200

1.774.623.000,00

1.685.222.000,00

1.810.475.000,00

1.686.973.000,00

1.860.907.000,00

1. Commercial: 12210

1.764.336.000,00

1.675.628.000,00

1.799.913.000,00

1.677.515.000,00

1.851.303.000,00

2. Primary material and other supplies: 12220

10.287.000,00

9.594.000,00

10.562.000,00

9.458.000,00

9.604.000,00

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

III. Trade debtors and others receivable accounts: 12300

934.220.000,00

864.963.000,00

989.810.000,00

702.549.000,00

711.769.000,00

1. Trade debtors / accounts receivable: 12310

111.515.000,00

155.184.000,00

146.578.000,00

148.419.000,00

203.468.000,00

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

0,00

b) Customers for sales and provisions of services : 12312

111.515.000,00

155.184.000,00

146.578.000,00

0,00

2. Customers, Group companies and associates : 12320

549.985.000,00

537.072.000,00

665.385.000,00

391.849.000,00

338.240.000,00

3. Other accounts receivable: 12330

266.280.000,00

164.427.000,00

166.811.000,00

145.721.000,00

131.362.000,00

4. Personnel: 12340

0,00

5. Assets for deferred tax: 12350

0,00

27.206.000,00

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

6.440.000,00

8.280.000,00

11.036.000,00

16.560.000,00

11.493.000,00

7. Called up share capital: 12370

0,00

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

43.000,00

6.016.000,00

13.000,00

10.000,00

29.000,00

1. Equity instruments: 12410

0,00

2. Credits to businesses: 12420

43.000,00

6.016.000,00

13.000,00

10.000,00

29.000,00

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

102.711.000,00

11.199.000,00

5.662.000,00

58.754.000,00

3.315.000,00

1. Equity instruments: 12510

0,00

2. Credits to businesses: 12520

0,00

3. Debt securities: 12530

0,00

4. Derivatives : 12540

1.783.000,00

10.750.000,00

0,00

13.211.000,00

2.681.000,00

5. Other financial assets : 12550

100.928.000,00

449.000,00

5.662.000,00

45.543.000,00

634.000,00

6. Other investments: 12560

0,00

VI. Short-term accruals: 12600

16.136.000,00

14.246.000,00

16.505.000,00

17.430.000,00

19.995.000,00

VII. Cash and other equivalent liquid assets : 12700

53.202.000,00

58.566.000,00

58.076.000,00

130.429.000,00

108.324.000,00

1. Treasury: 12710

53.202.000,00

58.566.000,00

58.076.000,00

130.429.000,00

108.324.000,00

2. Other equivalent liquid assets: 12720

0,00

TOTAL ASSETS (A + B) : 10000

13.595.167.000,00

13.125.135.000,00

12.842.209.000,00

12.565.302.000,00

12.390.570.000,00

ORIGINAL

Liabilities and Net Worth

2013

2012

2011

2010

2009

A) NET WORTH: 20000

5.521.401.000,00

5.447.080.000,00

5.835.779.000,00

5.542.303.000,00

5.313.003.000,00

A-1) Shareholders' equity: 21000

5.534.735.000,00

5.481.328.000,00

5.868.854.000,00

5.568.476.000,00

5.346.871.000,00

I. Capital: 21100

486.864.000,00

1. Registered capital : 21110

486.864.000,00

2. (Uncalled capital): 21120

0,00

II. Share premium: 21200

0,00

III. Reserves: 21300

5.202.282.000,00

5.014.300.000,00

5.290.134.000,00

4.962.010.000,00

4.627.364.000,00

1. Legal y estatutarias: 21310

97.373.000,00

2. Other reserves: 21320

5.104.909.000,00

4.916.927.000,00

5.192.761.000,00

4.864.637.000,00

4.529.991.000,00

IV. (Common stock equity): 21400

-415.105.000,00

-315.679.000,00

-283.161.000,00

-247.471.000,00

-130.403.000,00

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

260.694.000,00

295.843.000,00

375.017.000,00

367.073.000,00

363.046.000,00

VIII. (Interim dividend): 21800

0,00

IX. Other net worth instruments: 21900

0,00

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

-13.334.000,00

-34.248.000,00

-33.075.000,00

-26.173.000,00

-33.868.000,00

I. Financial assets held for sale: 22100

1.574.000,00

-17.201.000,00

-15.564.000,00

-13.239.000,00

-22.330.000,00

II. Hedge operations: 22200

-14.908.000,00

-17.047.000,00

-17.511.000,00

-12.934.000,00

-11.538.000,00

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

3.565.310.000,00

3.063.591.000,00

2.863.558.000,00

3.090.268.000,00

2.623.345.000,00

I. Long-term provisions: 31100

127.879.000,00

66.798.000,00

7.638.000,00

7.500.000,00

1. Long-term employee benefits liability: 31110

0,00

2. Environmental actions: 31120

0,00

3. Restructuring provisions: 31130

0,00

4. Other provisions: 31140

127.879.000,00

66.798.000,00

7.638.000,00

7.500.000,00

II Long-term creditors: 31200

3.207.073.000,00

2.861.175.000,00

2.817.227.000,00

3.046.238.000,00

2.582.978.000,00

1. Liabilities and other securities: 31210

1.437.086.000,00

1.416.450.000,00

1.344.287.000,00

1.186.529.000,00

893.461.000,00

2. Amounts owed to credit institutions: 31220

1.671.829.000,00

1.323.742.000,00

1.322.380.000,00

1.677.811.000,00

1.417.606.000,00

3. Creditors from financial leasing: 31230

55.857.000,00

65.665.000,00

28.258.000,00

44.130.000,00

53.108.000,00

4. Derivatives : 31240

28.683.000,00

31.261.000,00

23.583.000,00

41.021.000,00

16.482.000,00

5. Other financial liabilities : 31250

13.618.000,00

24.057.000,00

98.719.000,00

96.747.000,00

202.321.000,00

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

175.353.000,00

95.405.000,00

793.000,00

833.000,00

798.000,00

IV. Liabilities for deferred tax: 31400

54.898.000,00

40.076.000,00

37.900.000,00

35.697.000,00

32.069.000,00

V. Long-term accruals: 31500

107.000,00

137.000,00

0,00

VI. Non-current trade creditors : 31600

0,00

VII. Special long-term debts : 31700

0,00

C) CURRENT LIABILITIES : 32000

4.508.456.000,00

4.614.464.000,00

4.142.872.000,00

3.932.731.000,00

4.454.222.000,00

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

0,00

II. Short-term provisions: 32200

0,00

2.351.000,00

2.228.000,00

III. Short-term creditors : 32300

2.147.712.000,00

2.036.158.000,00

1.538.759.000,00

1.296.177.000,00

1.731.616.000,00

1. Liabilities and other securities: 32310

0,00

2. Amounts owed to credit institutions: 32320

2.016.017.000,00

1.920.532.000,00

1.274.134.000,00

893.277.000,00

1.263.796.000,00

3. Creditors from financial leasing: 32330

9.808.000,00

9.406.000,00

15.873.000,00

8.948.000,00

8.641.000,00

4. Derivatives : 32340

2.166.000,00

1.915.000,00

8.498.000,00

16.000,00

0,00

5. Other financial liabilities : 32350

119.721.000,00

104.305.000,00

240.254.000,00

393.936.000,00

459.179.000,00

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

241.821.000,00

230.940.000,00

343.977.000,00

453.564.000,00

520.013.000,00

V. Trade creditors and other accounts payable: 32500

2.115.087.000,00

2.345.087.000,00

2.257.399.000,00

2.179.789.000,00

2.199.798.000,00

1. Suppliers: 32510

1.495.615.000,00

1.550.785.000,00

1.681.162.000,00

1.710.499.000,00

1.710.454.000,00

a) Long-term debts : 32511

0,00

b) Short-term debts : 32512

1.495.615.000,00

1.550.785.000,00

1.681.162.000,00

0,00

2. Suppliers, Group companies and associates: 32520

43.055.000,00

35.537.000,00

39.801.000,00

19.212.000,00

19.609.000,00

3. Other creditors: 32530

25.054.000,00

24.997.000,00

21.527.000,00

39.308.000,00

23.283.000,00

4. Personnel (remuneration due): 32540

341.717.000,00

475.427.000,00

294.040.000,00

310.464.000,00

370.879.000,00

5. Liabilities for current tax: 32550

0,00

32.149.000,00

20.580.000,00

0,00

6. Otras deudas con las Administraciones Públicas. : 32560

88.860.000,00

131.119.000,00

69.162.000,00

68.635.000,00

62.463.000,00

7. Advances from clients: 32570

120.786.000,00

127.222.000,00

119.558.000,00

11.091.000,00

13.110.000,00

VI. Short-term accruals: 32600

3.836.000,00

2.279.000,00

2.737.000,00

850.000,00

567.000,00

VII. Special short-term debts : 32700

0,00

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

13.595.167.000,00

13.125.135.000,00

12.842.209.000,00

12.565.302.000,00

12.390.570.000,00

ORIGINAL

Profit and Loss

2013

2012

2011

2010

2009

1. Net turnover: 40100

9.555.016.000,00

10.464.026.000,00

11.050.024.000,00

11.201.939.000,00

11.555.893.000,00

a) Sales: 40110

9.214.928.000,00

10.111.913.000,00

10.711.788.000,00

10.836.674.000,00

11.265.856.000,00

b) Rendering of services: 40120

340.088.000,00

352.113.000,00

338.236.000,00

365.265.000,00

290.037.000,00

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

124.253.000,00

122.619.000,00

125.496.000,00

129.391.000,00

144.742.000,00

4. Supplies : 40400

-6.822.167.000,00

-7.501.052.000,00

-7.937.548.000,00

-8.106.169.000,00

-8.416.286.000,00

a) Stock consumption: 40410

-6.947.655.000,00

-7.527.193.000,00

-7.892.477.000,00

-8.052.622.000,00

-8.362.615.000,00

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

0,00

c) Works carried out by other companies: 40430

-29.067.000,00

-36.859.000,00

-44.596.000,00

-49.255.000,00

-56.101.000,00

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

154.555.000,00

63.000.000,00

-475.000,00

-4.292.000,00

2.430.000,00

5. Other operating income: 40500

416.327.000,00

391.464.000,00

396.021.000,00

385.887.000,00

401.733.000,00

a) Auxiliary income and other from current management: 40510

411.373.000,00

385.283.000,00

390.702.000,00

378.835.000,00

396.485.000,00

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

4.954.000,00

6.181.000,00

5.319.000,00

7.052.000,00

5.248.000,00

6. Personnel costs: 40600

-1.709.943.000,00

-1.801.448.000,00

-1.867.594.000,00

-1.821.254.000,00

-1.874.644.000,00

a) Wages, salaries et al.: 40610

-1.310.341.000,00

-1.402.400.000,00

-1.463.238.000,00

-1.419.853.000,00

-1.464.107.000,00

b) Social security costs: 40620

-399.602.000,00

-399.048.000,00

-404.356.000,00

-401.401.000,00

-410.537.000,00

c) Provisions : 40630

0,00

7. Other operating costs: 40700

-1.080.528.000,00

-1.127.992.000,00

-1.098.399.000,00

-1.080.455.000,00

-1.095.213.000,00

a) External services: 40710

-912.175.000,00

-956.403.000,00

-936.161.000,00

-917.616.000,00

-931.413.000,00

b) Taxes: 40720

-74.835.000,00

-60.591.000,00

-56.362.000,00

-52.609.000,00

-48.272.000,00

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

-2.120.000,00

-1.632.000,00

2.652.000,00

-6.373.000,00

-2.071.000,00

d) Other current management expenditure : 40740

-91.398.000,00

-109.366.000,00

-108.528.000,00

-103.857.000,00

-113.457.000,00

8. Amortisation of fixed assets: 40800

-330.968.000,00

-326.888.000,00

-363.406.000,00

-346.446.000,00

-324.503.000,00

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

0,00

10. Excess provisions : 41000

230.321.000,00

5.682.000,00

23.000,00

95.000,00

23.000,00

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

-113.496.000,00

-5.565.000,00

347.000,00

1.911.000,00

2.598.000,00

a) Impairment and losses : 41110

-698.000,00

-5.659.000,00

0,00

b) Results for transfers and other : 41120

-112.798.000,00

94.000,00

347.000,00

1.911.000,00

2.598.000,00

12. Negative difference in combined businesses: 41200

0,00

13. Other results : 41300

0,00

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

268.815.000,00

220.846.000,00

304.964.000,00

364.899.000,00

394.343.000,00

14. Financial income : 41400

311.290.000,00

316.088.000,00

421.897.000,00

307.551.000,00

243.291.000,00

a) Of shares in equity instruments : 41410

308.590.000,00

312.435.000,00

414.739.000,00

304.522.000,00

240.344.000,00

a 1) In Group companies and associates: 41411

308.537.000,00

312.382.000,00

414.673.000,00

304.481.000,00

234.767.000,00

a 2) In third parties: 41412

53.000,00

66.000,00

41.000,00

5.577.000,00

b) From negotiable securities and other financial instruments : 41420

2.700.000,00

3.653.000,00

7.158.000,00

3.029.000,00

2.947.000,00

b 1) From Group companies and associates : 41421

566.000,00

880.000,00

1.015.000,00

745.000,00

409.000,00

b 2) From third parties : 41422

2.134.000,00

2.773.000,00

6.143.000,00

2.284.000,00

2.538.000,00

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

0,00

15. Financial expenditure: 41500

-247.634.000,00

-215.788.000,00

-182.267.000,00

-173.618.000,00

-177.049.000,00

a) Amounts owed to Group companies and associates : 41510

-11.275.000,00

-13.193.000,00

-17.670.000,00

-21.702.000,00

-27.243.000,00

b) For debts with third parties : 41520

-236.359.000,00

-202.595.000,00

-164.597.000,00

-151.916.000,00

-149.806.000,00

c) Stock renewal : 41530

0,00

16. Changes in fair value of financial instruments : 41600

-948.000,00

-345.000,00

19.888.000,00

-10.424.000,00

3.695.000,00

a) Trading book and other : 41610

-768.000,00

-345.000,00

1.317.000,00

-10.424.000,00

3.695.000,00

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

-180.000,00

0,00

18.571.000,00

0,00

17. Exchange rate differences : 41700

947.000,00

316.000,00

2.090.000,00

1.176.000,00

640.000,00

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

-101.823.000,00

-87.573.000,00

-155.219.000,00

-101.553.000,00

-53.033.000,00

a) Impairment and losses : 41810

-101.864.000,00

-87.614.000,00

-156.855.000,00

-101.553.000,00

-52.887.000,00

b) Results for transfers and other : 41820

41.000,00

1.636.000,00

0,00

-146.000,00

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

-38.168.000,00

12.698.000,00

106.389.000,00

23.132.000,00

17.544.000,00

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

230.647.000,00

233.544.000,00

411.353.000,00

388.031.000,00

411.887.000,00

20. Income taxes: 41900

30.047.000,00

62.299.000,00

-36.336.000,00

-20.958.000,00

-48.841.000,00

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

260.694.000,00

295.843.000,00

375.017.000,00

367.073.000,00

363.046.000,00

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

0,00

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

260.694.000,00

295.843.000,00

375.017.000,00

367.073.000,00

363.046.000,00

> Normal Balance Sheet under the rules of the 1990 General Accounting Plan (repealed since 1st January of 2008)

Information corresponding to the fiscal year 2013 2012 2011 2010 2009 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 using its own methodology. To view details on the methodology 2013 2012 2011 2010 2009 is taken from information submitted to the TRADE REGISTER.

EQUIVALENCIA

ASSETS

2013

2012

2011

2010

2009

A) SHAREHOLDERS (PARTNERS) BY UNCALLED SUSCRIBED CAPITAL:

0,00

B) FIXED ASSETS:

10.333.742.000,00

10.228.442.000,00

9.921.989.000,00

9.912.332.000,00

9.611.142.000,00

I. Formation expenses:

0,00

II. Intangible fixed assets:

349.979.000,00

312.422.000,00

313.240.000,00

322.672.000,00

319.299.000,00

1. Research and development costs:

0,00

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

95.128.000,00

70.334.000,00

73.532.000,00

77.092.000,00

79.485.000,00

3. Goodwill:

10.688.000,00

4. Key money paid for premises:

196.000,00

325.000,00

629.000,00

845.000,00

929.000,00

5. Software:

243.967.000,00

231.075.000,00

228.391.000,00

234.047.000,00

228.197.000,00

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:

6.664.496.000,00

6.552.475.000,00

6.463.130.000,00

6.313.708.000,00

6.024.545.000,00

1. Land and construction:

4.250.117.000,00

4.062.078.000,00

3.926.140.000,00

3.691.108.000,00

3.418.975.000,00

2. Technical installations and machinery:

166.557.800,00

168.364.232,00

173.117.910,00

175.360.099,00

170.709.833,00

3. Other installations, tools and furniture:

1.944.104.207,00

1.965.189.330,00

2.020.675.442,00

2.046.846.833,00

1.992.567.773,00

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

78.978.000,00

129.667.000,00

109.606.000,00

163.777.000,00

211.951.000,00

5. Other tangible assets:

224.738.993,00

227.176.439,00

233.590.649,00

236.616.069,00

230.341.394,00

6. Provisions:

0,00

7. Accumulated depreciation:

0,00

IV. Financial investments:

3.319.267.000,00

3.363.545.000,00

3.145.619.000,00

3.275.952.000,00

3.267.298.000,00

1. Equity investments in group companies:

2.894.251.157,00

2.982.571.773,00

2.921.750.857,00

3.078.152.176,00

3.102.011.567,00

2. Receivables from group companies:

219.778.924,00

179.783.214,00

9.540.051,00

4.770.025,00

3. Equity investment in associated companies:

23.606.843,00

24.327.227,00

23.831.143,00

25.106.824,00

25.301.433,00

4. Credits to associated companies:

10.596.076,00

8.667.786,00

459.949,00

229.975,00

5. Long-term securities portfolio:

101.089.000,00

73.245.000,00

94.940.000,00

79.199.000,00

66.073.000,00

6. Other receivables:

55.765.000,00

81.661.000,00

83.364.000,00

77.132.000,00

61.237.000,00

7. Long term guarantees and deposits:

14.180.000,00

13.289.000,00

11.733.000,00

11.362.000,00

7.675.000,00

8. Provisions:

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:

3.674.747.000,00

3.201.622.000,00

3.202.099.000,00

2.883.890.000,00

2.907.150.000,00

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

0,00

II. Stocks:

1.774.623.000,00

1.685.222.000,00

1.810.475.000,00

1.686.973.000,00

1.860.907.000,00

1. Goods for resale:

1.764.336.000,00

1.675.628.000,00

1.799.913.000,00

1.677.515.000,00

1.851.303.000,00

2. Raw materials and other consumables:

10.287.000,00

9.594.000,00

10.562.000,00

9.458.000,00

9.604.000,00

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

7. Provisions:

0,00

III. Debtors:

1.314.710.000,00

1.121.444.000,00

1.028.207.000,00

756.034.000,00

786.858.000,00

1. Trade debtors / accounts receivable:

111.515.000,00

155.184.000,00

146.578.000,00

148.419.000,00

203.468.000,00

2. Accounts receivable, Group companies:

533.399.014,00

520.875.434,00

645.318.878,00

380.031.947,00

328.039.642,00

3. Accounts receivable, associated companies:

16.585.986,00

16.196.566,00

20.066.122,00

11.817.053,00

10.200.358,00

4. Other debtors:

266.280.000,00

164.427.000,00

166.811.000,00

145.721.000,00

131.362.000,00

5. Staff:

0,00

6. Public bodies:

386.930.000,00

264.761.000,00

49.433.000,00

70.045.000,00

113.788.000,00

7. Provisions:

0,00

IV. Short-term investments:

100.971.000,00

6.465.000,00

5.675.000,00

45.553.000,00

663.000,00

1. Equity investments in group companies:

0,00

2. Receivables from group companies:

43.000,00

6.016.000,00

13.000,00

10.000,00

29.000,00

3. Equity investment in associated companies:

0,00

4. Credits to associated companies:

0,00

5. Short term securities portfolio:

0,00

6. Other receivables:

0,00

7. Shor term guarantees and deposits:

100.928.000,00

449.000,00

5.662.000,00

45.543.000,00

634.000,00

8. Provisions:

0,00

V. Short-term treasury shares:

415.105.000,00

315.679.000,00

283.161.000,00

247.471.000,00

130.403.000,00

VI. Cash at bank and in hand:

53.202.000,00

58.566.000,00

58.076.000,00

130.429.000,00

108.324.000,00

VII. Prepayments and accrued income:

16.136.000,00

14.246.000,00

16.505.000,00

17.430.000,00

19.995.000,00

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

14.008.489.000,00

13.430.064.000,00

13.124.088.000,00

12.796.222.000,00

12.518.292.000,00

MERCANTILE REGISTRY.

EQUIVALENCIA

LIABILITIES

2013

2012

2011

2010

2009

A) EQUITY:

5.965.572.000,00

5.785.185.000,00

6.149.739.000,00

5.814.260.000,00

5.457.207.000,00

I. Subscribed capital:

486.864.000,00

II. Share premium:

0,00

III. Revaluation reserves:

182.075.329,00

174.948.977,00

184.682.433,00

172.952.585,00

160.341.463,00

IV. Reserves:

5.035.938.671,00

4.827.529.023,00

5.103.175.567,00

4.787.370.415,00

4.446.955.537,00

1. Legal reserve:

97.373.000,00

2. Reserves for own shares:

86.152.056,00

82.780.101,00

87.385.652,00

81.835.474,00

75.868.306,00

3. Reserves for shares of the controlling company:

0,00

4. Statutory reserves:

0,00

5. Miscellaneous reserves:

4.852.413.615,00

4.647.375.922,00

4.918.416.915,00

4.608.161.942,00

4.273.714.232,00

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:

260.694.000,00

295.843.000,00

375.017.000,00

367.073.000,00

363.046.000,00

VII. Interim dividend paid:

0,00

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:

127.879.000,00

66.798.000,00

7.638.000,00

7.500.000,00

1. Provisions for pension fund and other similar obligations:

0,00

2. Provisions for taxes:

0,00

3. Other provisions:

127.879.000,00

66.798.000,00

7.638.000,00

7.500.000,00

4. Reversion fund:

0,00

D) LONG TERM LIABILITIES:

3.408.641.000,00

2.965.395.000,00

2.832.337.000,00

3.041.747.000,00

2.599.363.000,00

I. Issued debentures and other marketable securities:

1.437.086.000,00

1.416.450.000,00

1.344.287.000,00

1.186.529.000,00

893.461.000,00

1. Non-convertible debentures:

1.437.086.000,00

1.416.450.000,00

1.344.287.000,00

1.186.529.000,00

893.461.000,00

2. Convertible debentures:

0,00

3. Other debt securities:

0,00

II. Amounts owed to credit institutions:

1.727.686.000,00

1.389.407.000,00

1.350.638.000,00

1.721.941.000,00

1.470.714.000,00

1. Loans and other liabilities:

1.671.829.000,00

1.323.742.000,00

1.322.380.000,00

1.677.811.000,00

1.417.606.000,00

2. Long-term liabilities from capital leases:

55.857.000,00

65.665.000,00

28.258.000,00

44.130.000,00

53.108.000,00

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

175.353.000,00

95.405.000,00

793.000,00

833.000,00

798.000,00

1. Amounts owed to group companies:

175.353.000,00

95.405.000,00

793.000,00

833.000,00

798.000,00

2. Amounts owed to associated companies:

0,00

IV. Other creditors:

68.516.000,00

64.133.000,00

136.619.000,00

132.444.000,00

234.390.000,00

1. Long-term bills of exchange payable:

0,00

2. Other creditors:

13.497.997,00

23.845.008,00

97.849.080,00

95.894.457,00

200.538.130,00

3. Long term guarantees and deposits received:

120.003,00

211.992,00

869.920,00

852.543,00

1.782.870,00

4. Long term payables to public bodies:

54.898.000,00

40.076.000,00

37.900.000,00

35.697.000,00

32.069.000,00

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:

4.506.397.000,00

4.612.686.000,00

4.134.374.000,00

3.932.715.000,00

4.454.222.000,00

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:

2.025.825.000,00

1.929.938.000,00

1.290.007.000,00

902.225.000,00

1.272.437.000,00

1. Loans and other liabilities:

2.016.017.000,00

1.920.532.000,00

1.274.134.000,00

893.277.000,00

1.263.796.000,00

2. Accrued interest on liabilities with credit institutions:

0,00

3. Short-term liabilities from capital leases:

9.808.000,00

9.406.000,00

15.873.000,00

8.948.000,00

8.641.000,00

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

284.876.000,00

266.477.000,00

383.778.000,00

472.776.000,00

539.622.000,00

1. Amounts owed to group companies:

284.100.366,00

265.751.461,00

382.733.085,00

471.488.769,00

538.152.767,00

2. Amounts owed to associated companies:

775.634,00

725.539,00

1.044.915,00

1.287.231,00

1.469.233,00

IV. Trade creditors:

1.641.455.000,00

1.703.004.000,00

1.822.247.000,00

1.760.898.000,00

1.746.847.000,00

1. Advanced payments from customers:

120.786.000,00

127.222.000,00

119.558.000,00

11.091.000,00

13.110.000,00

2. Amounts owed for purchases of goods or services:

1.520.669.000,00

1.575.782.000,00

1.702.689.000,00

1.749.807.000,00

1.733.737.000,00

3. Debts represented by notes payable:

0,00

V. Other creditors:

550.298.000,00

710.851.000,00

635.605.000,00

793.615.000,00

892.521.000,00

1. Public bodies:

88.860.000,00

131.119.000,00

101.311.000,00

89.215.000,00

62.463.000,00

2. Bills of exchange payable:

50.244.524,00

43.774.736,00

100.829.829,00

165.327.110,00

192.708.301,00

3. Miscellaneous debts:

69.476.476,00

60.530.264,00

139.424.171,00

228.608.890,00

266.470.699,00

4. Wages and salaries payable:

341.717.000,00

475.427.000,00

294.040.000,00

310.464.000,00

370.879.000,00

5. Guarantees and deposits received at short term:

0,00

VI. Provisions:

0,00

2.351.000,00

2.228.000,00

VII. Prepayments and accrued income:

3.943.000,00

2.416.000,00

2.737.000,00

850.000,00

567.000,00

F) SHORT-TERM PROVISIONS FOR LIABILITIES AND CHARGES:

0,00

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

14.008.489.000,00

13.430.064.000,00

13.124.088.000,00

12.796.222.000,00

12.518.292.000,00

MERCANTILE REGISTRY.

EQUIVALENCIA

DEBIT

2013

2012

2011

2010

2009

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

10.377.501.000,00

11.004.487.000,00

11.642.405.000,00

11.660.877.000,00

11.989.569.000,00

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

0,00

A.2. Supplies:

6.976.722.000,00

7.564.052.000,00

7.937.073.000,00

8.101.877.000,00

8.418.716.000,00

a) Stock consumption:

6.947.655.000,00

7.527.193.000,00

7.892.477.000,00

8.052.622.000,00

8.362.615.000,00

b) Consumption of raw materials and miscellaneous consumable ones:

0,00

c) Miscellaneous external expenditure:

29.067.000,00

36.859.000,00

44.596.000,00

49.255.000,00

56.101.000,00

A.3. Staff costs:

1.709.943.000,00

1.801.448.000,00

1.867.594.000,00

1.821.254.000,00

1.874.644.000,00

a) Wages, salaries et al.:

1.310.341.000,00

1.402.400.000,00

1.463.238.000,00

1.419.853.000,00

1.464.107.000,00

b) Social security costs:

399.602.000,00

399.048.000,00

404.356.000,00

401.401.000,00

410.537.000,00

A.4. Depreciation expense:

330.968.000,00

326.888.000,00

363.406.000,00

346.446.000,00

324.503.000,00

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

-152.435.000,00

-61.368.000,00

-2.177.000,00

10.665.000,00

-359.000,00

a) Stock provision variation:

-154.555.000,00

-63.000.000,00

475.000,00

4.292.000,00

-2.430.000,00

b) Variation in provision and bad debt losses:

-288.584,00

-222.156,00

361.003,00

-867.523,00

-281.914,00

c) Variation of other trade provisions:

2.408.584,00

1.854.156,00

-3.013.003,00

7.240.523,00

2.352.914,00

A.6. Other operating charges:

1.078.408.000,00

1.126.360.000,00

1.101.051.000,00

1.074.082.000,00

1.093.142.000,00

a) External services:

912.175.000,00

956.403.000,00

936.161.000,00

917.616.000,00

931.413.000,00

b) Taxes:

74.835.000,00

60.591.000,00

56.362.000,00

52.609.000,00

48.272.000,00

c) Other operating expenses:

91.398.000,00

109.366.000,00

108.528.000,00

103.857.000,00

113.457.000,00

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):

382.311.000,00

226.411.000,00

304.617.000,00

362.988.000,00

391.745.000,00

A.7. Financial and similar charges:

247.872.016,00

216.006.748,00

182.658.624,00

173.897.576,00

177.195.000,00

a) Due to liabilities with companies of the group:

11.275.000,00

13.193.000,00

17.670.000,00

21.702.000,00

27.243.000,00

b) Due to liabilities with associated companies:

0,00

c) Due to other debts.:

236.359.000,00

202.595.000,00

164.597.000,00

151.916.000,00

149.806.000,00

d) Losses from financial investments:

238.016,00

218.748,00

391.624,00

279.576,00

146.000,00

A.8. Changes in financial investment provisions:

17.249.896,00

14.982.240,00

26.204.994,00

18.707.447,00

4.325.781,00

A.9. Exchange losses:

0,00

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

47.156.088,00

85.456.012,00

236.647.382,00

116.121.977,00

66.105.219,00

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

429.467.088,00

311.867.012,00

541.264.382,00

479.109.977,00

457.850.219,00

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

86.022.088,00

78.417.012,00

130.258.382,00

92.989.977,00

48.561.219,00

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

112.798.000,00

0,00

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

0,00

A.13. Extraordinary expenses:

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):

230.647.000,00

233.544.000,00

411.353.000,00

388.031.000,00

411.887.000,00

A.15. Corporation tax:

-30.047.000,00

-62.299.000,00

36.336.000,00

20.958.000,00

48.841.000,00

A.16. Miscellaneous taxes:

0,00

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

260.694.000,00

295.843.000,00

375.017.000,00

367.073.000,00

363.046.000,00

MERCANTILE REGISTRY.

EQUIVALENCIA

CREDIT

2013

2012

2011

2010

2009

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

10.638.195.000,00

11.300.330.000,00

12.017.422.000,00

12.027.950.000,00

12.352.615.000,00

B.1. Net total sales:

9.555.016.000,00

10.464.026.000,00

11.050.024.000,00

11.201.939.000,00

11.555.893.000,00

a) Sales:

9.214.928.000,00

10.111.913.000,00

10.711.788.000,00

10.836.674.000,00

11.265.856.000,00

b) Rendering of services:

340.088.000,00

352.113.000,00

338.236.000,00

365.265.000,00

290.037.000,00

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:

124.253.000,00

122.619.000,00

125.496.000,00

129.391.000,00

144.742.000,00

B.4. Miscellaneous operating income:

646.648.000,00

397.146.000,00

396.044.000,00

385.982.000,00

401.756.000,00

a) Auxiliary income and other from current management:

411.373.000,00

385.283.000,00

390.702.000,00

378.835.000,00

396.485.000,00

b) Grants:

4.954.000,00

6.181.000,00

5.319.000,00

7.052.000,00

5.248.000,00

c) Liabilities and charges provisions surplus:

230.321.000,00

5.682.000,00

23.000,00

95.000,00

23.000,00

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:

308.590.000,00

312.435.000,00

414.739.000,00

304.522.000,00

240.344.000,00

a) In companies of the group:

308.537.000,00

312.382.000,00

414.673.000,00

304.481.000,00

234.767.000,00

b) In associated companies:

0,00

c) Third parties:

53.000,00

66.000,00

41.000,00

5.577.000,00

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

971.456,00

1.391.380,00

2.247.976,00

1.164.039,00

919.517,00

a) From companies of the group:

505.357,00

785.714,00

906.250,00

665.179,00

365.179,00

b) From associated companies:

0,00

c) From companies out of the group:

466.099,00

605.666,00

1.341.726,00

498.861,00

554.338,00

B.7. Miscellaneous interests or similar income:

1.769.544,00

2.302.620,00

26.434.024,00

1.864.961,00

5.722.483,00

a) From companies of the group:

60.643,00

94.286,00

108.750,00

79.821,00

43.821,00

b) From associated companies:

0,00

c) Miscellaneous interests:

1.667.901,00

2.167.334,00

4.801.274,00

1.785.139,00

1.983.662,00

d) Profit on financial investment:

41.000,00

21.524.000,00

0,00

3.695.000,00

B.8. Exchange positive differences:

947.000,00

316.000,00

2.090.000,00

1.176.000,00

640.000,00

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

0,00

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:

0,00

94.000,00

347.000,00

1.911.000,00

2.598.000,00

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):

198.820.088,00

78.323.012,00

129.911.382,00

91.078.977,00

45.963.219,00

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.

CASHFLOW STATEMENT

Model: Normal

> Source of information: Data contained in this section is taken from the information declared in the Annual Accounts submitted to the Trade Register.

2013

2012

2011

2010

2009

1. Fiscal year result before taxes.: 61100

230.647.000,00

233.544.000,00

411.353.000,00

388.031.000,00

411.887.000,00

2. Results adjustments.: 61200

223.736.000,00

344.533.000,00

275.379.000,00

316.866.000,00

305.547.000,00

a) Fixed Assets Amortization (+).: 61201

330.968.000,00

326.888.000,00

363.406.000,00

346.446.000,00

324.503.000,00

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

8.171.000,00

87.591.000,00

156.855.000,00

101.553.000,00

52.887.000,00

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

61.081.000,00

30.460.000,00

138.000,00

0,00

-116.000,00

e) Results on disposal of fixed assets (+/-). : 61205

-112.788.000,00

-94.000,00

-347.000,00

-1.911.000,00

-2.598.000,00

f) Results on disposal of financial instruments (+/-).: 61206

-41.000,00

-1.636.000,00

0,00

146.000,00

g) Financial income (-).: 61207

-311.290.000,00

-316.088.000,00

-421.897.000,00

-307.551.000,00

-243.291.000,00

h) Financial Expenses (+). : 61208

247.634.000,00

215.788.000,00

182.267.000,00

173.618.000,00

177.049.000,00

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

-947.000,00

-316.000,00

-2.090.000,00

-1.176.000,00

640.000,00

j) Reasonable Value Variation in Financial Instruments (+/-).: 61210

948.000,00

345.000,00

-1.317.000,00

5.887.000,00

-3.695.000,00

k) Other income and expense (-/+). : 61211

0,00

22.000,00

3. Changes in current capital equity.: 61300

-578.037.000,00

-190.930.000,00

-393.001.000,00

108.794.000,00

-601.802.000,00

a) Stock (+/-).: 61301

-89.401.000,00

-33.647.000,00

-123.502.000,00

173.934.000,00

-80.292.000,00

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

-69.257.000,00

124.847.000,00

-287.261.000,00

9.220.000,00

-154.832.000,00

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

-87.429.000,00

-9.281.000,00

54.014.000,00

-64.837.000,00

116.000,00

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

-199.953.000,00

-68.208.000,00

-58.388.000,00

-20.009.000,00

-384.012.000,00

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

14.948.000,00

-13.016.000,00

1.887.000,00

283.000,00

-199.000,00

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

-146.945.000,00

-191.625.000,00

20.249.000,00

10.203.000,00

17.417.000,00

4. Other cash flows for operating activities.: 61400

63.656.000,00

132.448.000,00

234.449.000,00

124.706.000,00

44.417.000,00

a) Interest payments (-). : 61401

-247.634.000,00

-215.788.000,00

-182.267.000,00

-173.618.000,00

-177.049.000,00

b) Dividend payment collection (+). : 61402

308.590.000,00

312.435.000,00

414.739.000,00

304.522.000,00

240.344.000,00

c) Interest collection (+). : 61403

2.700.000,00

3.653.000,00

7.158.000,00

3.029.000,00

2.947.000,00

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

0,00

32.148.000,00

-5.181.000,00

-9.227.000,00

-21.825.000,00

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

-59.998.000,00

519.595.000,00

528.180.000,00

938.397.000,00

160.049.000,00

6. Payments for investment (-).: 62100

-795.303.000,00

-1.041.395.000,00

-631.210.000,00

-827.719.000,00

-1.718.426.000,00

a) Companies of the group and affiliates. : 62101

-238.777.000,00

-454.370.000,00

-5.451.000,00

-80.093.000,00

-644.531.000,00

b) Intangible fixed assets. : 62102

-71.081.000,00

-57.365.000,00

-47.104.000,00

-58.241.000,00

-74.950.000,00

c) Fixed assets. : 62103

-411.493.000,00

-537.086.000,00

-510.241.000,00

-654.716.000,00

-959.447.000,00

e) Other financial assets. : 62105

-73.952.000,00

7.426.000,00

-68.414.000,00

-34.669.000,00

-39.498.000,00

7. Divestment payment collection (+). : 62200

445.361.000,00

16.010.000,00

53.174.000,00

28.185.000,00

81.796.000,00

a) Companies of the group and affiliates. : 62201

280.657.000,00

11.388.000,00

1.097.000,00

0,00

51.137.000,00

b) Intangible fixed assets. : 62202

697.000,00

1.605.000,00

2.114.000,00

6.302.000,00

472.000,00

c) Fixed assets. : 62203

137.976.000,00

3.017.000,00

3.343.000,00

4.341.000,00

10.256.000,00

e) Other financial assets. : 62205

26.031.000,00

0,00

46.620.000,00

17.542.000,00

19.931.000,00

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

-349.942.000,00

-1.025.385.000,00

-578.036.000,00

-799.534.000,00

-1.636.630.000,00

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

-99.426.000,00

-32.518.000,00

-35.690.000,00

-117.068.000,00

-57.875.000,00

c) Acquisition of own equity instruments (-). : 63103

-99.426.000,00

-32.518.000,00

-35.690.000,00

-117.068.000,00

-57.875.000,00

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

547.532.000,00

582.606.000,00

50.052.000,00

27.534.000,00

1.672.863.000,00

a) Issuance : 63201

557.340.000,00

906.614.000,00

549.454.000,00

553.615.000,00

2.170.901.000,00

1. Debentures and other negotiable securities (+). : 63202

20.636.000,00

72.163.000,00

157.758.000,00

293.068.000,00

34.243.000,00

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

443.572.000,00

702.432.000,00

384.771.000,00

260.512.000,00

1.867.724.000,00

3. Debts incurred with companies of the group and affiliates (+).: 63204

90.829.000,00

94.612.000,00

0,00

35.000,00

168.000,00

5. Other debts (+). : 63206

2.303.000,00

37.407.000,00

6.925.000,00

0,00

268.766.000,00

b) Repayment and amortization of : 63207

-9.808.000,00

-324.008.000,00

-499.402.000,00

-526.081.000,00

-498.038.000,00

2. Debts incurred with credit institutions (-).: 63209

0,00

-120.856.000,00

-355.431.000,00

-379.497.000,00

-484.000,00

3. Debts incurred with companies of the group and affiliates (-). : 63210

0,00

-113.037.000,00

-40.000,00

-66.449.000,00

-496.314.000,00

4. Special characteristic debts (-). : 63211

0,00

-83.648.000,00

0,00

5. Other debts (-). : 63212

-9.808.000,00

-6.467.000,00

-143.931.000,00

-80.135.000,00

-1.240.000,00

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

-44.477.000,00

-44.124.000,00

-38.949.000,00

-28.400.000,00

-78.169.000,00

a) Dividends (-).: 63301

-43.529.000,00

-43.779.000,00

-38.949.000,00

-28.400.000,00

-78.169.000,00

b) Remuneration from other assets instruments (-).: 63302

-948.000,00

-345.000,00

0,00

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

403.629.000,00

505.964.000,00

-24.587.000,00

-117.934.000,00

1.536.819.000,00

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

947.000,00

316.000,00

2.090.000,00

1.176.000,00

0,00

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

-5.364.000,00

490.000,00

-72.353.000,00

22.105.000,00

60.238.000,00

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

58.566.000,00

58.076.000,00

130.429.000,00

108.324.000,00

48.086.000,00

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

53.202.000,00

58.566.000,00

58.076.000,00

130.429.000,00

108.324.000,00

FINANCIAL DIAGNOSIS

> Economic-Financial Comparative Analysis

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

> Comparison within the Sector

Cash Flow

2013

2012

Variación 2013 - 2012

Empresa

Sector

Empresa

Sector

Empresa

Sector

Cash Flow over Sales:

0,00 %

0,06 %

0,00 %

0,01 %

605,65 %

EBITDA over Sales:

5,05 %

13,01 %

5,23 %

9,27 %

-3,42 %

40,32 %

Cash Flow Yield:

0,00 %

0,03 %

0,00 %

Profitability

2013

2012

Variación 2013 - 2012

Empresa

Sector

Empresa

Sector

Empresa

Sector

Operating economic profitability:

2,64 %

7,87 %

2,27 %

5,29 %

16,59 %

48,77 %

Total economic profitability:

3,52 %

4,23 %

3,42 %

2,53 %

2,76 %

67,12 %

Financial profitability:

4,71 %

5,74 %

5,40 %

1,40 %

-12,73 %

309,16 %

Margin:

2,66 %

7,38 %

2,01 %

4,88 %

32,36 %

51,22 %

Mark-up:

2,28 %

5,66 %

2,13 %

1,67 %

7,39 %

238,56 %

Solvency

2013

2012

Variación 2013 - 2012

Empresa

Sector

Empresa

Sector

Empresa

Sector

Liquidity:

0,01

0,18

0,01

0,12

-7,02

52,71

Acid Test:

0,24

0,87

0,20

0,86

18,61

1,58

Working Capital / Investment:

-0,12

0,02

-0,15

0,03

20,41

-40,73

Solvency:

0,72

1,17

0,63

1,18

15,24

-0,37

Indebtedness

2013

2012

Variación 2013 - 2012

Empresa

Sector

Empresa

Sector

Empresa

Sector

Indebtedness level:

1,40

1,36

1,37

1,63

2,29

-16,45

Borrowing Composition:

0,76

1,21

0,65

1,03

17,40

17,41

Repayment Ability:

-1.481,34

21,33

15.533,18

157,39

-109,54

-86,45

Warranty:

1,71

1,75

1,72

1,62

-0,78

7,72

Generated resources / Total creditors:

0,07

0,10

0,09

0,07

-20,25

49,67

Efficiency

2013

2012

Variación 2013 - 2012

Empresa

Sector

Empresa

Sector

Empresa

Sector

Productivity:

1,28

1,93

1,30

1,73

-1,65

11,82

Turnover of Collection Rights :

10,81

5,82

12,69

4,82

-14,86

20,76

Turnover of Payment Entitlements:

3,74

3,75

3,68

3,52

1,54

6,45

Stock rotation:

5,60

9,23

6,38

6,61

-12,22

39,68

Assets turnover:

0,99

1,07

1,13

1,08

-11,91

-1,62

Borrowing Cost:

3,12

2,93

2,84

2,95

9,93

-0,48

> Trend of indicators under the General Accounting Plan of 2007 (2013, 2012, 2011, 2010, 2009)

Cash Flow

2013

2012

2011

2010

2009

Cash Flow over Sales:

0,00 %

-0,01 %

0,00 %

0,01 %

EBITDA over Sales:

5,05 %

5,23 %

6,05 %

6,33 %

6,20 %

Cash Flow Yield:

0,00 %

-0,01 %

0,00 %

Profitability

2013

2012

2011

2010

2009

Operating economic profitability:

2,64 %

2,27 %

3,15 %

3,95 %

4,32 %

Total economic profitability:

3,52 %

3,42 %

4,62 %

4,47 %

4,75 %

Financial profitability:

4,71 %

5,40 %

6,39 %

6,59 %

6,79 %

Margin:

2,66 %

2,01 %

2,64 %

3,11 %

3,26 %

Mark-up:

2,28 %

2,13 %

3,55 %

3,31 %

3,40 %

Solvency

2013

2012

2011

2010

2009

Liquidity:

0,01

0,03

0,02

Acid Test:

0,24

0,20

0,25

0,23

0,18

Working Capital / Investment:

-0,12

-0,15

-0,10

-0,11

-0,14

Solvency:

0,72

0,63

0,70

0,67

0,62

Indebtedness

2013

2012

2011

2010

2009

Indebtedness level:

1,40

1,37

1,19

1,26

1,32

Borrowing Composition:

0,76

0,65

0,69

0,78

0,59

Repayment Ability:

-1.481,34

15.533,18

-96,73

317,27

117,33

Warranty:

1,71

1,72

1,83

1,79

1,75

Generated resources / Total creditors:

0,07

0,09

0,13

0,12

0,10

Efficiency

2013

2012

2011

2010

2009

Productivity:

1,28

1,30

1,36

1,39

1,38

Turnover of Collection Rights :

10,81

12,69

11,69

16,68

17,00

Turnover of Payment Entitlements:

3,74

3,68

4,00

4,21

4,32

Stock rotation:

5,60

6,38

6,22

6,73

6,29

Assets turnover:

0,99

1,13

1,19

1,27

1,33

Borrowing Cost:

3,12

2,84

2,60

2,48

2,50

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

elEconomista.es

14/07/2014

Etnia abrirá diez tiendas en las perfumerías de El Corte Inglés

Companies related

Laopinion.es

09/07/2014

El Corte Inglés de la calle de El Pilar cerrará el 23 de agosto después de 18 años de actividad

Companies related

Public Tenders and Works Won

Organisation that calls the tender:

AYUNTAMIENTO DE LOS CORRALES DE BUELNA

Objective of Tender:

REHABILITACION DE LAS ANTIGUAS ESCUELAS PARA AYUNTAMIENTO Y OTRAS DEPENDENCIAS MUNICIPALES PLAZA DE LA CONSTITUCION N 3, LOS CORRALES DE BUELNA CANTABRI

Date Awarded:

21/08/2014

Cost:

1.016.392,56 EURO.

Organisation that calls the tender:

PARQUE Y CENTRO DE ABASTECIMIENTO DE MATERIAL DE INTENDENCIA

Objective of Tender:

ADQUISICION DE UNIFORMES PARA PERSONAL DEL E T

Date Awarded:

13/08/2014

Cost:

59.981,30 EURO.

Organisation that calls the tender:

EMPRESA MUNICIPAL DE TRANSPORTES URBANOS DE GIJON SA

Objective of Tender:

CONTRATACION DEL SUMINISTRO PARA LOS AÑOS 2014 Y 2015 DE LAS PRENDAS DEL VESTUARIO PARA EL PERSONAL DE MOVIMIENTO DE LA EMPRESA MUNICIPAL DE TRANSPORTES URBANOS DE GIJON S A EMTUS

Date Awarded:

12/08/2014

Cost:

79.845,48 EURO.

Organisation that calls the tender:

ACADEMIA GENERAL MILITAR

Objective of Tender:

MALETAS Y PORTAUNIFORMES ALUMNOS AGM

Date Awarded:

11/08/2014

Cost:

28.657,64 EURO.

Organisation that calls the tender:

EMPRESA MUNICIPAL DE SERVICIOS DE MEDIO AMBIENTE URBANO DE GIJON SA

Objective of Tender:

SUMINISTRO, REPOSICION Y PEQUEÑOS ARREGLOS DE VESTUARIO DE TRABAJO DE INVIERNO PARA EL PERSONAL DE EMULSA DURANTE DOS AÑOS PRORROGABLES OTROS DOS

Date Awarded:

05/08/2014

Cost:

166.375,00 EURO.

Organisation that calls the tender:

AYUNTAMIENTO DE ALICANTE

Objective of Tender:

Suministro e instalación de mobiliario y equipamiento del nuevo parque central de bomberos "Ildefonso Prats" situado en la Vía Parque, en la Playa de San Juan de Alicante.

Date Awarded:

04/08/2014

Cost:

209.935,00 EURO.

Organisation that calls the tender:

DIRECCION PROVINCIAL DE ALMERIA DE LA TESORERIA GENERAL DE LA SEGURIDAD SOCIAL

Objective of Tender:

EJECUCION DE LAS OBRAS REFERIDAS A LA ADAPTACION DE DEPENDENCIAS EN SOTANO I,PARA LA INSTALACION DE AULAS DE FORMACION EN LA SEDE DE LA DIRECCION PROVINCIAL DE LA TESORERIA GENERAL DE LA SEGURIDAD SOCIAL EN ALMERIA

Date Awarded:

01/08/2014

Cost:

98.622,96 EURO.

Organisation that calls the tender:

ASEPEYO MUTUA DE ACCIDENTES DE TRABAJO Y ENFERMEDADES PROFESIONALES

Objective of Tender:

OBRAS DE REFORMA EN EL CENTRO ASISTENCIAL DE VIGO DE ASEPEYO, MUTUA DE ACCIDENTES DE TRABAJO Y ENFERMEDADES PROFESIONALES DE LA SEGURIDAD SOCIAL, NUM 151

Date Awarded:

01/08/2014

Cost:

398.030,02 EURO.

Organisation that calls the tender:

ENTIDAD PUBLICA EMPRESARIAL CORREOS Y TELEGRAFOS SA

Objective of Tender:

COORDINACION DE SEGURIDAD Y SALUD Y OBRA DE REFORMA DEL EDIFICIO DE LA OFICINA COMERCIAL, SUCURSAL 41, UNIDAD DE REPARTO 41 Y USE 6 DE MADRID, SITUADO EN C SAHARA, 42 Y 44

Date Awarded:

29/07/2014

Cost:

489.735,40 EURO.

Organisation that calls the tender:

PARADORES DE TURISMO DE ESPAÑA SA

Objective of Tender:

CONTRATO DE SUMINISTRO DE GRIFERIAS Y SANITARIOS CON DESTINO A LOS ESTABLECIMIENTOS DE PARADORES DE TURISMO DE ESPAÑA, S A

Date Awarded:

23/07/2014

Cost:

70.397,44 EURO.

Organisation that calls the tender:

INSTITUTO NACIONAL DE ESTADISTICA

Objective of Tender:

SUMINISTRO E INSTALACION DE UNA ENFRIADORA EN LA D P DEL INE EN LAS PALMAS DE G C

Date Awarded:

15/07/2014

Cost:

22.905,49 EURO.

Organisation that calls the tender:

MINISTERIO DE INTERIOR

Objective of Tender:

SUMINISTRO DE ANORAKS PARA SER SUMINISTRADOS AL PERSONAL DE LA GUARDIA CIVIL DE LAS DIFERENTES UNIDADES DEL CUERPO

Date Awarded:

15/07/2014

Cost:

72.472,95 EURO.

Organisation that calls the tender:

AUTORIDAD PORTUARIA DE VALENCIA

Objective of Tender:

SUMINISTRO DE ROPA DE TRABAJO PARA EL PERSONAL DE SOPORTE Y CONDUCTORES DE LA AUTORIDAD PORTUARIA DE VALENCIA PARA LOS EJERCICIOS 2014 Y 2015

Date Awarded:

09/07/2014

Cost:

14.520,00 EURO.

Organisation that calls the tender:

AYUNTAMIENTO DE EIBAR

Objective of Tender:

REFORMA DE LAS SALAS PEQUEÑAS DEL TEATRO COLISEO

Date Awarded:

08/07/2014

Cost:

123.896,07 EURO.

Organisation that calls the tender:

ADMINISTRADOR DE INFRAESTRUCTURAS FERROVIARIAS ADIF

Objective of Tender:

ACUERDO MARCO PARA EL SUMINISTRO DE EQUIPOS DE PROTECCION INDIVIDUAL PARA LOS TRABAJADORES DE ADIF PERIODO 2014 2016 4 LOTES

Date Awarded:

07/07/2014

Cost:

141.324,45 EURO.

Organisation that calls the tender:

DIPUTACION PROVINCIAL DE ALICANTE

Objective of Tender:

SUMINISTRO DE LA UNIFORMIDAD DEL PERSONAL SUBALTERNO DE LA EXCMA DIPUTACION PROVINCIAL DE ALICANTE PARA 2014

Date Awarded:

04/07/2014

Cost:

26.100,00 EURO.

Organisation that calls the tender:

AYUNTAMIENTO DE ALMODOVAR DEL CAMPO

Objective of Tender:

Remodelación Teatro Municipal

Date Awarded:

03/07/2014

Cost:

96.182,90 EURO.

Organisation that calls the tender:

AYUNTAMIENTO DE ZARAGOZA

Objective of Tender:

Acuerdo marco para el suministro y colocación de placas de cerámicas y soportes metálicos para la rotulación de vías y fincas.

Date Awarded:

02/07/2014

Cost:

290.393,13 EURO.

Organisation that calls the tender:

PARQUE Y CENTRO DE ABASTECIMIENTO DE MATERIAL DE INTENDENCIA

Objective of Tender:

ADQUISICION DE UNIFORMES DE REPRESENTACION Y DE TRABAJO

Date Awarded:

02/07/2014

Cost:

68.931,00 EURO.

Organisation that calls the tender:

AERODROMO MILITAR DE LEON

Objective of Tender:

CONFECCION DE UNIFORME DE ETIQUETA XXV PROMOCION

Date Awarded:

30/06/2014

Cost:

22.500,00 EURO.

Organisation that calls the tender:

AYUNTAMIENTO DE OVIEDO

Objective of Tender:

EL SUMINISTRO DE VESTUARIO PARA EL PERSONAL QUE PRESTA SERVICIOS EN LAS ESCUELAS DE EDUCACION INFANTIL DE 0 A 3 AÑOS

Date Awarded:

26/06/2014

Cost:

1.714,40 EURO.

Organisation that calls the tender:

CLINICA PUERTA DE HIERRO-HOSPITAL UNIVERSITARIO DE MADRID

Objective of Tender:

Suministro de material de higiene y aseo

Date Awarded:

24/06/2014

Cost:

Importe compartido entre distintos Contratistas

Organisation that calls the tender:

ENTIDAD PUBLICA EMPRESARIAL CORREOS Y TELEGRAFOS SA

Objective of Tender:

COORDINACION DE SEGURIDAD Y SALUD Y OBRA DE ADAPTACION DEL NUEVO LOCAL ALQUILADO PARA LA OFICINA PRINCIPAL Y SERVICIOS ADMINISTRATIVOS DE LOGROÑO LA RIOJ , SITUADO EN C ONCE DE JUNIO, 1 Y AVENIDA DE PORTUGAL, 32

Date Awarded:

24/06/2014

Cost:

413.156,93 EURO.

Organisation that calls the tender:

SERVICIO MURCIANO DE SALUD

Objective of Tender:

Adquisición de equipamiento clínico con destino al Pabellón Materno-Infantil del Hospital Clínico Universitario "Virgen de la Arrixaca".

Date Awarded:

16/06/2014

Cost:

93.563,06 EURO.

Organisation that calls the tender:

AYUNTAMIENTO DE PALMA DE MALLORCA

Objective of Tender:

Acuerdo marco para la homologación del vestuario de la policía local de palma (49 lotes)

Date Awarded:

12/06/2014

Cost:

Segons preus unitaris amb IVA inclòs oferts a les respectives propostes econòmiques signades pels licitadors.

Organisation that calls the tender:

TRABAJO PENITENCIARIO Y FORMACION PARA EL EMPLEO

Objective of Tender:

SUMINISTRO DE ARTICULOS PARA LA ELABORACION DE LOTES HIGIENICOS

Date Awarded:

06/06/2014

Cost:

385.024,42 EURO.

Organisation that calls the tender:

AYUNTAMIENTO DE PALENCIA

Objective of Tender:

Obras de reforma de la cubierta y cerramientos de la piscina climatizada "Eras de Santa Marina"

Date Awarded:

05/06/2014

Cost:

579.199,97 EURO.

Organisation that calls the tender:

AERODROMO MILITAR DE LEON

Objective of Tender:

ADQUISICION DE VESTUARIO PARA ALUMNOS DE LA ACADEMIA BASICA DEL AIRE XXV PROMOCION

Date Awarded:

05/06/2014

Cost:

31.000,00 EURO.

Organisation that calls the tender:

RENFE OPERADORA

Objective of Tender:

SUMINISTRO DE MATERIAL DE ALMA

Date Awarded:

05/06/2014

Cost:

19.872,00 EURO.

Organisation that calls the tender:

RENFE OPERADORA

Objective of Tender:

SUMINISTRO DE MATERIAL DE ALMA

Date Awarded:

05/06/2014

Cost:

19.872,00 EURO.

Organisation that calls the tender:

CONSEJERIA DE EDUCACION Y CULTURA DE LA COMUNIDAD AUTONOMA DE EXTREMADURA

Objective of Tender:

Equipamiento del nuevo I.E.S. de Coria (12+4Uds), dependiente da la Consejería de Educación y Cultura del Gobierno de Extremadura. Lote n.º 1: Mobiliario General. Lote n.º 2: Material Didáctico. Lote n.º 3: Material Deportivo. Lote n.º 4: Laboratorios.

Date Awarded:

03/06/2014

Cost:

171.202,90 EURO.

Organisation that calls the tender:

BASE AEREA DE SAN JAVIER

Objective of Tender:

SUMINISTRO DE UNIFORMES DE ALUMNOS CURSO 2014 2015

Date Awarded:

29/05/2014

Cost:

46.875,40 EURO.

Organisation that calls the tender:

AYUNTAMIENTO DE MURCIA

Objective of Tender:

Licitación del suministro de «Vestuario año 2014 con destino a la Policía Local».

Date Awarded:

28/05/2014

Cost:

136.129,84 EURO.

Organisation that calls the tender:

SERVICIO GALLEGO DE SALUD

Objective of Tender:

Suministro sucesivo de lencería para los centros dependientes de la Estructura de Gestión Integrada de Pontevedra y O Salnés.

Date Awarded:

27/05/2014

Cost:

4.530,24 EURO.

Organisation that calls the tender:

UNIDAD MILITAR DE EMERGENCIAS

Objective of Tender:

Adqusición de vestuario para la UME.

Date Awarded:

23/05/2014

Cost:

89.712,00 EURO.

Organisation that calls the tender:

UNIDAD MILITAR DE EMERGENCIAS

Objective of Tender:

Adqusición de vestuario para la UME.

Date Awarded:

23/05/2014

Cost:

65.950,00 EURO.

Organisation that calls the tender:

UNIDAD MILITAR DE EMERGENCIAS

Objective of Tender:

ADQUSICION DE VESTUARIO PARA LA UME

Date Awarded:

23/05/2014

Cost:

lote 1: 89712.00 euros lote 3: 65950.00 euros

Organisation that calls the tender:

CONSEJERIA DE SANIDAD Y POLITICA SOCIAL DE LA COMUNIDAD AUTONOMA DE LA REGION DE MURCIA

Objective of Tender:

Suministro de material sanitario para el Centro de Salud de Totana Sur

Date Awarded:

22/05/2014

Cost:

Importe compartido entre distintos Contratistas

Organisation that calls the tender:

COMPLEJO ASISTENCIAL DE AVILA

Objective of Tender:

SUMINISTRO DE GUANTES DE CIRUGIA, EXPLORACION Y CURAS

Date Awarded:

19/05/2014

Cost:

598,00 EURO.

Organisation that calls the tender:

UNIVERSIDAD DE CADIZ

Objective of Tender:

Suministro e instalación de mobiliario de aulas para la Escuela Superior de Ingeniería de la Universidad de Cádiz ubicada en el Campus de Puerto Real, subvencionado por la Consejería de Economía, Innovación, Ciencia y Empleo de la Junta de Andalucía.

Date Awarded:

16/05/2014

Cost:

214.264,91 EURO.

Organisation that calls the tender:

UNIVERSIDAD DE CADIZ

Objective of Tender:

SUMINISTRO E INSTALACION DE MOBILIARIO DE AULAS PARA LA ESCUELA SUPERIOR DE INGENIERIA DE LA UNIVERSIDAD DE CADIZ UBICADA EN EL CAMPUS DE PUERTO REAL, SUBVENCIONADO POR LA CONSEJERIA DE ECONOMIA, INNOVACION, CIENCIA Y EMPLEO DE LA JUNTA DE ANDALUCIA, DESGLOSADO EN LOS SIGUIENTES LOTES LOTE 1 PUPITRES FIJOS Y LOTE 2 MESAS DE ALUMNOS, SILLAS DE ALUMNOS, MESAS DE PROFESOR, SILLAS DE PROFESOR Y PIZARRAS DE TIZA Y ROTULADOR

Date Awarded:

16/05/2014

Cost:

214.264,91 EURO.

Organisation that calls the tender:

EMPRESA DE TRANSFORMACION AGRARIA SA

Objective of Tender:

CONTRATACION DE SUMINISTRO DE EQUIPOS DE PROTECCION INDIVIDUAL Y COMPLEMENTOS PARA COMPONENTES DE RETENES Y EQUIPOS DE LUCHA EN INCENDIOS FORESTALES

Date Awarded:

06/05/2014

Cost:

48.418,76 EURO.

Organisation that calls the tender:

AYUNTAMIENTO DE EL PRAT DE LLOBREGAT

Objective of Tender:

Subministrament de vestuari, complements i calçat per a la Policia Local.

Date Awarded:

05/05/2014

Cost:

9.819,15 EUR, anuals.

Organisation that calls the tender:

SERVICIO MURCIANO DE SALUD

Objective of Tender:

Suministro de mobiliario (encimeras, muebles cambiadores de bebes y frontales de paritorios), para el equipamiento del nuevo pabellón maternal del Hospital Clínico Universitario "Virgen de la Arrixaca".

Date Awarded:

05/05/2014

Cost:

215.883,36 EURO.

Organisation that calls the tender:

AYUNTAMIENTO DE PRAT DE COMTE

Objective of Tender:

Suministro de vestuario, complementos y calzado para la Policia Local.

Date Awarded:

05/05/2014

Cost:

9.819,50 EURO.

Organisation that calls the tender:

SERVICIO GALLEGO DE SALUD

Objective of Tender:

adquisición de mobiliario general.

Date Awarded:

30/04/2014

Cost:

Importe compartido entre distintos Contratistas

Organisation that calls the tender:

AYUNTAMIENTO DE L' HOSPITALET DE LLOBREGAT

Objective of Tender:

Subministrament de la uniformitat per a diferent personal, subaltern i conserges d escola per a l any 2014.

Date Awarded:

29/04/2014

Cost:

4.000,00 EURO.

Organisation that calls the tender:

UNIVERSIDAD DE CADIZ

Objective of Tender:

Suministro con instalación de mobiliario de despachos con destino a la Escuela Superior de Ingeniería de la Universidad de Cádiz.

Date Awarded:

29/04/2014

Cost:

169.388,35 EURO.

Organisation that calls the tender:

UNIVERSIDAD DE CADIZ

Objective of Tender:

SUMINISTRO CON INSTALACION DEL MOBILIARIO DE DESPACHOS DE PROFESORES, DESPACHOS DE DIRECCION Y DESPACHOS ADMINISTRATIVOS PARA LA ESCUELA SUPERIOR DE INGENIERIA DE LA UNIVERSIDAD DE CADIZ EN EL CAMPUS DE PUERTO REAL, SUBVENCIONADO POR LA CONSEJERIA DE ECONOMIA, INNOVACION, CIENCIA Y EMPLEO DE LA JUNTA DE ANDALUCIA, COMPUESTO POR DOS LOTES LOTE 1, MOBILIARIO DE DESPACHOS DE PROFESORES Y, LOTE 2, MOBILIARIO DE DESPACHOS DE DIRECCION Y ADMINISTRATIVOS

Date Awarded:

29/04/2014

Cost:

169.388,35 EURO.

Organisation that calls the tender:

AUTORIDAD PORTUARIA DE SEVILLA

Objective of Tender:

DOTACION DE VESTUARIO AL PERSONAL DE OFICINAS DENTRO DE CONVENIO, FUERA DE CONVENIO Y ALTOS CARGOS PARA EL AÑO 2014

Date Awarded:

28/04/2014

Cost:

8.250,00 EURO.

Organisation that calls the tender:

COMPLEJO HOSPITALARIO DE PALENCIA

Objective of Tender:

SUMINISTRO DE GUANTES DE CIRUGIA, EXPLORACION Y CURAS

Date Awarded:

28/04/2014

Cost:

41.768,20 EURO.

Organisation that calls the tender:

AYUNTAMIENTO DE BENALMADENA

Objective of Tender:

Suministro Uniformidad, calzado y equipos de protección individual para el personal de mantenimiento y otros del Ayuntamiento.

Date Awarded:

24/04/2014

Cost:

153.498,36 EURO.

Organisation that calls the tender:

AYUNTAMIENTO DE BENALMADENA

Objective of Tender:

UNIFORMIDAD, CALZADO Y EQUIPOS DE PROTECCION INDIVIDUAL PARA EL PERSONAL DE MANTENIMIENTO Y OTROS DEL AYUNTAMIENTO DE BENALMADENA

Date Awarded:

24/04/2014

Cost:

153.498,36 EURO.

Organisation that calls the tender:

DIRECCION GENERAL DE LA GUARDIA CIVIL DEL MINISTERIO DE INTERIOR

Objective of Tender:

Contratación de prendas y artículos reglamentarios de uniformidad con destino al personal de distintas especialidades de la Guardia Civil, para el año 2014.

Date Awarded:

14/04/2014

Cost:

84.851,25 EURO.

Organisation that calls the tender:

DIRECCION GENERAL DE LA GUARDIA CIVIL DEL MINISTERIO DE INTERIOR

Objective of Tender:

CONTRATACION DE PRENDAS Y ARTICULOS REGLAMENTARIOS DE UNIFORMIDAD CON DESTINO AL PERSONAL DE DISTINTAS ESPECIALIDADES DE LA GUARDIA CIVIL, PARA EL AÑO 2014

Date Awarded:

14/04/2014

Cost:

84.851,25 EURO.

Organisation that calls the tender:

AYUNTAMIENTO DE CHICLANA DE LA FRONTERA

Objective of Tender:

Suministro de vestuario y calzado con destino a la Policía Local

Date Awarded:

11/04/2014

Cost:

96.595,58 EURO.

Organisation that calls the tender:

SERVICIO DE SALUD DE LAS ISLAS BALEARES

Objective of Tender:

Suministro mediante arrendamiento con opción de compra del suministro de mobiliario de oficina para el nuevo hospital Can Misses de Ibiza.

Date Awarded:

11/04/2014

Cost:

1.525.835,00 EURO.

Organisation that calls the tender:

AYUNTAMIENTO DE SANT FRUITOS DE BAGES

Objective of Tender:

subministrament d aparells audiovisuals.

Date Awarded:

09/04/2014

Cost:

12.406,76 EURO.

Organisation that calls the tender:

UNIVERSIDAD DE SEVILLA

Objective of Tender:

SUMINISTRO E INSTALACION DE CORTINAS Y MOBILIARIO DE HOGAR PARA LA NUEVA FACULTAD DE ENFERMERIA, FISIOTERAPIA Y PODOLOGIA

Date Awarded:

03/04/2014

Cost:

27.592,99 EURO.

Organisation that calls the tender:

DEPARTAMENTO DE INTERIOR DE LA COMUNIDAD AUTONOMA DE CATALUÑA

Objective of Tender:

SUMINISTRO DE DIVERSO VESTUARIO PARA EL CUERPO DE MOZOS DE ESCUADRA, DIVIDIDO EN 3 LOTES

Date Awarded:

03/04/2014

Cost:

43.799,99 EURO.

Organisation that calls the tender:

SERVICIO MURCIANO DE SALUD

Objective of Tender:

Suministros. Papel A3 y A4.

Date Awarded:

26/03/2014

Cost:

Importe compartido entre distintos Contratistas

Organisation that calls the tender:

SERVICIO MURCIANO DE SALUD

Objective of Tender:

Suministro de lencería calzado y vestuario.

Date Awarded:

25/03/2014

Cost:

Importe compartido entre distintos Contratistas

Organisation that calls the tender:

CABILDO INSULAR DE LANZAROTE

Objective of Tender:

Contratación del suministro de equipamiento y materiales varios de la Residencia de Mayores Las Cabreras, para su puesta en funcionamiento.

Date Awarded:

24/03/2014

Cost:

62.484,30 EURO.

Organisation that calls the tender:

AYUNTAMIENTO DE ALICANTE

Objective of Tender:

Suministro de vestuario, uniformes y accesorios para el personal del Cuerpo de la Policía Local.

Date Awarded:

24/03/2014

Cost:

1.027.323,88 EURO.

Organisation that calls the tender:

AYUNTAMIENTO DE ALICANTE

Objective of Tender:

Suministro de vestuario, uniformes y accesorios para el personal del Servicio de Prevención, Extinción de Incendios y Salvamento.

Date Awarded:

24/03/2014

Cost:

246.785,55 EURO.

Organisation that calls the tender:

CENTRO MUNICIPAL DE EMPRESAS DE GIJON SA

Objective of Tender:

OBRAS DE ADECUACION DEL CENTRO DE SERVICIOS MORA GARAY PARA OFICINAS Y LAS OBRAS DE HABILITACION DE UN NUEVO ACCESO AL EDIFICIO DE OFICINAS INTRA 2

Date Awarded:

24/03/2014

Cost:

146.358,66 EURO.

Organisation that calls the tender:

CENTRO MUNICIPAL DE EMPRESAS DE GIJON SA

Objective of Tender:

OBRAS DE ADECUACION DEL CENTRO DE SERVICIOS MORA GARAY PARA OFICINAS Y LAS OBRAS DE HABILITACION DE UN NUEVO ACCESO AL EDIFICIO DE OFICINAS INTRA 2

Date Awarded:

24/03/2014

Cost:

146.858,66 EURO.

Organisation that calls the tender:

CONFEDERACION HIDROGRAFICA DEL EBRO

Objective of Tender:

Suministro de vestuario, complementos, calzado y pantalones térmicos para personal laboral y agentes medioambientales de la Confederación Hidrográfica del Ebro para 2014.

Date Awarded:

18/03/2014

Cost:

100.792,84 EURO.

Organisation that calls the tender:

CONFEDERACION HIDROGRAFICA DEL EBRO

Objective of Tender:

SUMINISTRO DE VESTUARIO, COMPLEMENTOS, CALZADO Y PANTALONES TERMICOS PARA PERSONAL LABORAL Y AGENTES MEDIOAMBIENTALES DE LA CONFEDERACION HIDROGRAFICA DEL EBRO PARA 2014

Date Awarded:

18/03/2014

Cost:

segun lote

Organisation that calls the tender:

CONSORCIO SANITARIO INTEGRAL

Objective of Tender:

acord marc amb un únic proveïdor per lot per al subministrament de bosses d escombreries als Centres del Consorci Sanitari Integral.CPV: 19640000-4 CPA: 22.22.11.

Date Awarded:

14/03/2014

Cost:

115.536,52 EURO.

Organisation that calls the tender:

CONSORCIO SANITARIO INTEGRAL

Objective of Tender:

acord marc amb un únic proveïdor per al subministrament de paper higiènic i celluloses als Centres del Consorci Sanitari Integral.

Date Awarded:

14/03/2014

Cost:

110.044,96 EURO.

Organisation that calls the tender:

SERVICIO MURCIANO DE SALUD

Objective of Tender:

Suministro de material desechable para protección.

Date Awarded:

12/03/2014

Cost:

Importe compartido entre distintos Contratistas

Organisation that calls the tender:

AYUNTAMIENTO DE VILLATOBAS

Objective of Tender:

EQUIPAMIENTOS VARIOS PARA LA FACULTAD DE ENFERMERIA, FISIOTERAPIA Y PODOLOGIA

Date Awarded:

10/03/2014

Cost:

LOTE 3: 6.926,06 EUR; LOTE 4: 11.506,64 EUR; LOTE 5: 10.594,36 EUR

Organisation that calls the tender:

SERVICIO NAVARRO DE SALUD

Objective of Tender:

SUMINISTRO DE EQUIPAMIENTO GENERAL Y MOBILIARIO PARA EL EDIFICIO DE URGENCIAS DEL COMPLEJO HOSPITALARIO DE NAVARRA

Date Awarded:

28/02/2014

Cost:

12.314,51 EURO.

Organisation that calls the tender:

SERVICIO NAVARRO DE SALUD

Objective of Tender:

EQUIPAMIENTO GENERAL DEL PABELLON C EN C H N

Date Awarded:

28/02/2014

Cost:

29.180,29 EURO.

Organisation that calls the tender:

SERVICIO NAVARRO DE SALUD

Objective of Tender:

EQUIPAMIENTO GENERAL DEL PABELLON C EN C H N

Date Awarded:

28/02/2014

Cost:

32.081,19 EURO.

Organisation that calls the tender:

CONSEJERIA DE AGRICULTURA DESARROLLO RURAL MEDIO AMBIENTE Y ENERGIA DE LA COMUNIDAD AUTONOMA DE EXTREMADURA

Objective of Tender:

Suministro de vestuario ignífugo para labores de extinción del personal adscrito al Plan Infoex (Dos lotes)

Date Awarded:

27/02/2014

Cost:

90.648,11 EURO.

Organisation that calls the tender:

HOSPITAL RAMON Y CAJAL DE MADRID

Objective of Tender:

Suministro de material de limpieza, aseo e higiene (cepillos quirúrgicos, vasos unidosis, pañuelos celulosa, etc.) para el almacén general del Hospital Universitario Ramón y Cajal.

Date Awarded:

24/02/2014

Cost:

Importe compartido entre distintos Contratistas

Organisation that calls the tender:

ASEPEYO MUTUA DE ACCIDENTES DE TRABAJO Y ENFERMEDADES PROFESIONALES

Objective of Tender:

OBRAS DE REFORMA INTEGRAL DEL CENTRO ASISTENCIAL DE ASEPEYO, MUTUA DE ACCIDENTES DE TRABAJO Y ENFERMEDADES PROFESIONALES DE LA SEGURIDAD SOCIAL, NUM 151, SITO EN A CORUÑA

Date Awarded:

24/02/2014

Cost:

335.041,83 EURO.

Organisation that calls the tender:

DIPUTACION FORAL DE ALAVA

Objective of Tender:

MANTENIMIENTO DE LOS PROGRAMAS INFORMATICOS ORACLE Y FATWIRE INSTALADOS EN LA DIPUTACION FORAL DE ALAVA

Date Awarded:

24/02/2014

Cost:

193.574,59 EURO.

Organisation that calls the tender:

HOSPITAL UNIVERSITARIO DEL RIO HORTEGA DE VALLADOLID

Objective of Tender:

Suministro de menaje de cocina

Date Awarded:

20/02/2014

Cost:

75.901,74 EURO.

Organisation that calls the tender:

AYUNTAMIENTO DE PALENCIA

Objective of Tender:

SUMINISTRO DE VESTUARIO PARA LA PLANTILLA DE POLICIA LOCAL PARA LOS PROXIMOS CUATRO AÑOS

Date Awarded:

19/02/2014

Cost:

segun lotes

Organisation that calls the tender:

AYUNTAMIENTO DE LEGANES

Objective of Tender:

Suministro de Vestuario para el servicio de Extinción de Incendios del Ayuntamiento de Leganés.

Date Awarded:

05/02/2014

Cost:

39.929,88 EURO.

Organisation that calls the tender:

AYUNTAMIENTO DE LEGANES

Objective of Tender:

Suministro de Vestuario para el servicio de Extinción de Incendios del Ayuntamiento de Leganés.

Date Awarded:

05/02/2014

Cost:

212.766,40 EURO.

Organisation that calls the tender:

AYUNTAMIENTO DE LEGANES

Objective of Tender:

Suministro de Vestuario para el servicio de Extinción de Incendios del Ayuntamiento de Leganés.

Date Awarded:

05/02/2014

Cost:

20.322,86 EURO.

Organisation that calls the tender:

ENTE PUBLICO EUSKAL TRENBIDE SAREA

Objective of Tender:

suministro del vestuario laboral para el personal de Euskal Trenbide Sarea

Date Awarded:

05/02/2014

Cost:

91.416,90 EURO.

Organisation that calls the tender:

UNIVERSIDAD DE SEVILLA

Objective of Tender:

ADQUISICION DE SILLERIA PARA LA FACULTAD DE ENFERMERIA, FISIOTERAPIA Y PODOLOGIA

Date Awarded:

05/02/2014

Cost:

8.816,13 EURO.

Organisation that calls the tender:

AYUNTAMIENTO DE IRUN

Objective of Tender:

Suministro de vestuario laboral.

Date Awarded:

29/01/2014

Organisation that calls the tender:

AYUNTAMIENTO DE OVIEDO

Objective of Tender:

Suministro de vestuario, calzado y otro material con destino a la Policía Local.

Date Awarded:

24/01/2014

Cost:

101.348 euros (lote 2), 21.600 euros (lote 3)

Organisation that calls the tender:

HOSPITAL CLINICO UNIVERSITARIO LOZANO BLESA

Objective of Tender:

Suministro de material sanitario general diverso.

Date Awarded:

13/01/2014

Cost:

Importe compartido entre distintos Contratistas

Organisation that calls the tender:

CORPORACION SANITARIA PARC TAULI

Objective of Tender:

Productos de cuidado y prevención de lesiones por presión.

Date Awarded:

10/01/2014

Cost:

Importe compartido entre distintos Contratistas

Organisation that calls the tender:

UNIVERSIDAD DE BARCELONA

Objective of Tender:

SERVEIS INFORMATICS RELACIONATS AMB EL SISTEMA D INFORMACIO ECONOMIC FINANCER DE LA UNIVERSITAT DE BARCELONA

Date Awarded:

19/12/2013

Cost:

140.844,00 EURO.

Organisation that calls the tender:

AYUNTAMIENTO DE PALMA DE MALLORCA

Objective of Tender:

suministro de ropa coprrespondiente a la uniformidad de verano 2014

Date Awarded:

18/12/2013

Cost:

48.079,05 EURO.

Organisation that calls the tender:

DEPARTAMENTO DE ECONOMIA Y CONOCIMIENTO DE LA COMUNIDAD AUTONOMA DE CATALUÑA

Objective of Tender:

El Acuerdo marco tiene como objeto el suministro e la instalación tanto del mobiliario de nueva adquisición como del mobiliario de reposición. Con esta finalidad, se seleccionaran los artículos muebles de nueva adquisición de las series, marcas o modelos de mobiliario de oficina que podrán ser adquiridos en los contratos derivados de aprovisionamiento para los Departamentos de la Administración de la Generalidad y las entidades adheridas, analizando las características concretas de las ofertas de las empres

Date Awarded:

17/12/2013

Cost:

Importe compartido entre distintos Contratistas

Organisation that calls the tender:

DEPARTAMENTO DE JUSTICIA DE LA COMUNIDAD AUTONOMA DE CATALUÑA

Objective of Tender:

suministro de utensilios de limpieza para los diferentes centros penitenciarios de Cataluña.

Date Awarded:

29/11/2013

Cost:

Importe compartido entre distintos Contratistas

Organisation that calls the tender:

HOSPITAL UNIVERSITARIO LA FE

Objective of Tender:

SUMINISTRO DE EQUIPAMIENTO DE LABORATORIO SALAS CLASIFICADAS

Date Awarded:

24/10/2013

Cost:

247.929,00 EURO.

Organisation that calls the tender:

SERVICIO GALLEGO DE SALUD

Objective of Tender:

adquisición de mobiliario clínico.

Date Awarded:

21/10/2013

Cost:

Importe compartido entre distintos Contratistas

Organisation that calls the tender:

UNIVERSIDAD DE CORDOBA

Objective of Tender:

Suministro e instalación de equipamiento de mobiliario para edificio "Centro Docente" en Parcela 2.14.

Date Awarded:

30/09/2013

Cost:

484.652,40 EURO.

Organisation that calls the tender:

CONSEJERIA DE HACIENDA Y ADMINISTRACION PUBLICA DE LA COMUNIDAD AUTONOMA ANDALUCIA

Objective of Tender:

Acuerdo Marco de Homologación de Microordenadores y Periféricos, con destino a la Comunidad Autónoma de Andalucía.

Date Awarded:

24/07/2013

Cost:

Importe compartido entre distintos Contratistas

Organisation that calls the tender:

CONGRESO DE LOS DIPUTADOS

Objective of Tender:

Suministro de vestuario para el personal del Congreso de los Diputados.

Date Awarded:

10/01/2013

Cost:

Lote 1: 176202.69. Lote 2: 42398.50. Lote 3: 39035.18.

Research Summary

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.54
UK Pound	1	Rs.99.73
Euro	1	Rs.79.54

INFORMATION DETAILS

Analysis Done by :	RAS

Report Prepared by :	SDA

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

Enquiry Details

Branch Offices

Activity

Number of Employees

Chronological Summary

Breakdown of Owners' Equity

Updated Evolution of the Subscribed and Paid-in Capital

Active Social Bodies

Historical Social Bodies

Executive board

Defaults, Legal Claims and Insolvency Proceedings

Probability of default

LEGAL CLAIMS

Link List

Turnover

Estimated Balance

Financial Accounts and Balance Sheets

CASHFLOW STATEMENT

FINANCIAL DIAGNOSIS

COMPARATIVE SECTORIAL BALANCE

News

Public Tenders and Works Won

Research Summary

Unit