MIRA INFORM REPORT
|
Report No. : |
347948 |
|
Report Date : |
05.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
ACERINOX EUROPA SA |
|
|
|
|
Registered Office : |
AV/ Acerinox Europa, S/N - P.I. De Palmones - Barrios (los) - 11370 - Cadiz |
|
|
|
|
Country : |
Spain |
|
|
|
|
Financials (as on) : |
2014 |
|
|
|
|
Date of Incorporation : |
04.11.2011 |
|
|
|
|
Legal Form : |
Public Company |
|
|
|
|
LINE OF BUSINESS : |
MANUFACTURE
OF BASIC IRON AND STEEL AND OF FERRO-ALLOYS |
|
|
|
|
No. of Employees : |
2300 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Spain |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SPAIN - ECONOMIC OVERVIEW
After experiencing a prolonged recession in the wake of the global financial crisis that began in 2008, in 2014 Spain marked the first full year of positive economic growth in seven years, largely due to increased private consumption. At the onset of the global financial crisis Spain's GDP contracted by 3.7% in 2009, ending a 16-year growth trend, and continued contracting through most of 2013. In 2013 the government successfully shored up struggling banks - exposed to the collapse of Spain's depressed real estate and construction sectors - and in January 2014 completed an EU-funded restructuring and recapitalization program.
Until 2014, credit contraction in the private sector, fiscal austerity, and high unemployment weighed on domestic consumption and investment. The unemployment rate rose from a low of about 8% in 2007 to more than 26% in 2013, but labor reforms prompted a modest reduction to 23.7% in 2014. High unemployment strained 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 2010, but Spain gradually reduced the deficit to just under 7% of GDP in 2013-14, 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 more than 97% in 2014.
Exports were resilient throughout the economic downturn and helped to bring Spain's current account into surplus in 2013 for the first time since 1986, where it remained in 2014. Rising labor productivity and an internal devaluation resulting from moderating labor costs and lower inflation have helped to improve foreign investor interest in the economy and positive FDI flows have been restored.
The government's efforts to implement labor, pension, health, tax, and education reforms - aimed at supporting investor sentiment - have become overshadowed by political activity in 2015 in anticipation of the national parliamentary elections in November. Spain’s 2015 budget, published in September 2014, rolls back some recently imposed taxes in advance of the elections and leaves untouched the country’s value-added tax (VAT) regime, which continues to generate significantly lower revenue than the EU average. Spain’s borrowing costs are dramatically lower since their peak in mid-2012, and despite the recent uptic in economic activity, inflation has dropped sharply, from 1.5% in 2013 to nearly flat in 2014.
|
Source
: CIA |
EXECUTIVE
SUMMARY
|
Name: |
ACERINOX EUROPA SA |
|
NIF / Fiscal code: |
A86327632 |
|
Status: |
ACTIVE |
|
Incorporation Date: |
04/11/2011 |
|
Register Data |
Register Section 8 Sheet 46784 |
|
Last Publication in
BORME: |
02/10/2015 [Statutory modifications] |
|
Last Published Account Deposit: |
2014 |
|
Share Capital: |
62.000.000 |
|
|
|
|
Localization: |
AV/ ACERINOX EUROPA, S/N - P.I. DE PALMONES - BARRIOS (LOS) -
11370 - CADIZ |
|
Telephone - Fax - Email - Website: |
Telephone. 956 629 300 / 913 985 100 Email.
acerinox.fabrica@acerinox.com Website. www.acerinox.com |
|
|
|
|
Activity: |
|
|
NACE: |
2410 - Manufacture of basic iron and steel and of ferro-alloys |
|
Registered Trademarks: |
|
|
Audited / Opinion: |
Si / |
|
Tenders and Awards: |
|
|
Subsidies: |
1 for a total cost of 739000 |
|
Quality Certificate: |
No |
|
|
|
|
Payment Behaviour: |
According to the agreed terms |
|
Prospects: |
Consolidation |
|
Industry situation: |
Maturity |
|
|
|
|
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 |
0 |
--- |
|
Proceedings heard by the Civil Court |
|
Unpublished |
0 |
--- |
|
Proceedings heard by the Labour Court |
|
Unpublished |
0 |
--- |
|
|
|
Partners: |
|
|
|
ACERINOX SA |
100 % |
|
|
Shares: |
1 |
|
|
Other Links: |
11 |
|
|
No. of Active Corporate Bodies: |
|
|
|
Ratios |
2014 |
2013 |
Change |
|
|
|
|
|
Guarantees: |
|
|
Properties Registered: |
Company NO, Administrator NO |
|
Financing / Guarantee Sources : |
Sources YES, Guarantees YES |
|
|
|
|
|
|
|
INVESTIGATION SUMMARY |
|
|
This company was incorporated in 2011 and it''s engaged in
manufacture of flat stainless steel. It''s turnover increased by 22,62 % in
2014, vs the previous year. Grupo Acerinox is the first steel manufacturer in
the world. It keeps an active presence in the 5 continents, with sales in
more than 80 countries. It meets payment commitments in a orderly manner. |
|
Enquiry
Details
|
|
|
Business address regime: |
Propiedad |
|
Identification
|
|
|
Social Denomination: |
ACERINOX
EUROPA SA |
|
NIF / Fiscal code: |
A86327632 |
|
Corporate Status: |
ACTIVE |
|
Start of activity: |
2011 |
|
Registered Office: |
AV/ ACERINOX
EUROPA, S/N - P.I. DE PALMONES |
|
Locality: |
BARRIOS (LOS) |
|
Province: |
CADIZ |
|
Postal Code: |
11370 |
|
Telephone: |
956 629 300 /
913 985 100 |
|
Fax: |
956 629 308 /
913 985 197 |
|
Website: |
www.acerinox.com |
|
Email: |
acerinox.fabrica@acerinox.com |
|
Branch
Offices
|
|
|
-- |
|
Activity
|
|
|
NACE: |
2410 |
|
Legal Form: |
MANUFACTURE AND SALE OF STAINLESS STEEL AND OTHER SIMILARS OR BY-PRODUCTS. |
|
Additional Information: |
It''''s engaged in manufacture of flat products made of stainless steel. It''''s part of the group ACERINOX. The subject meets ISO 9001, which guarantees quality, terminated product''''s manufacture process, as well as ISO 14001, on environmental management quality. |
|
Additional Address: |
Registered office and offices AV/ ACERINOX EUROPA, S/N - P.I. DE PALMONES 11370 LOS BARRIOS (CADIZ), C/ SANTIAGO DE COMPOSTELA , 100 28035 MADRID |
|
Import / export: |
EXPORTS |
|
Future Perspective: |
Consolidation |
|
Industry situation: |
Maturity |
|
Number
of Employees
|
|
|
|
|
|
|
Year |
No. of employees |
Established |
Incidentals |
|
|
|
2015 |
2300 |
|
|
|
The data of
employees is from the latest available financial statements. Failing that, are
estimates data calculated by statistical methods
|
Chronological
Summary
|
|||
|
|
|
|
|
|
|
Year |
Act |
|
|
|
2011 |
Appointments/ Re-elections (5) Company Formation (1)
Declaration of Sole Propietorship (1) |
|
|
|
2012 |
Accounts deposit (year 2011) Appointments/ Re-elections
(2) |
|
|
|
2013 |
Accounts deposit (year 2012) Appointments/ Re-elections
(1) Cessations/ Resignations/ Reversals (2) Other Concepts/ Events (1) |
|
|
|
2014 |
Accounts deposit (year 2013) Appointments/ Re-elections
(2) Change of Social address (1) |
|
|
|
2015 |
Accounts deposit (year 2014) Appointments/ Re-elections
(2) Cessations/ Resignations/ Reversals (1) Statutory Modifications (2) |
|
|
Breakdown
of Owners' Equity
|
|
|
Registered Capital: |
62.000.000 |
|
Paid up capital: |
62.000.000 |
Updated
Evolution of the Subscribed and Paid-in Capital
|
|||||
|
Publishing Date |
Registration Type |
Capital Subscribed |
Paid up capital |
Underwritten result |
Disbursed Result |
|
01/12/2011 |
Company Formation |
62.000.000 |
62.000.000 |
62.000.000 |
62.000.000 |
|
Active
Social Bodies
|
|
|
|
|
|
Post published |
Social Body's
Name |
Appointment
Date |
Other
Positions in this Company |
|
SINGLE PARTNER |
ACERINOX SA |
01/12/2011 |
1 |
|
PRESIDENT |
VELAZQUEZ HERREROS BERNARDO |
26/12/2011 |
4 |
|
MEMBER OF THE BOARD |
AZPITARTE ZEMP DANIEL TOMAS |
26/01/2015 |
2 |
|
|
MORENO ZORRILLA ANTONIO |
26/01/2015 |
3 |
|
|
MASI SAINZ DE LOS TERREROS JOSE LUIS |
01/12/2011 |
4 |
|
|
FERRANDIS TORRES MIGUEL |
01/12/2011 |
2 |
|
|
VELAZQUEZ HERREROS BERNARDO |
01/12/2011 |
4 |
|
|
FERNANDEZ PACHECO MARTINEZ ANTONIO |
01/12/2011 |
2 |
|
COMBINED PROXY |
FONDEVILA BARRIENTOS JOSE LUIS |
24/01/2012 |
1 |
|
|
GALVAN RODRIGUEZ JESUS ANGEL |
24/01/2012 |
1 |
|
JOINT ATTORNEY |
MORENO ZORRILLA ANTONIO |
27/06/2014 |
3 |
|
|
MASI SAINZ DE LOS TERREROS JOSE LUIS |
23/03/2012 |
4 |
|
|
PIZARRO RAMOS SILVESTRE DANIEL |
23/03/2012 |
1 |
|
JOINT ATTORNEY/COMBINED PROXY |
ESTEVE VESTIT JUAN |
24/01/2012 |
1 |
|
|
FERNANDEZ PACHECO MARTINEZ ANTONIO |
26/12/2011 |
2 |
|
|
FERRER MARCERADO FRANCISCO JAVIER |
26/12/2011 |
1 |
|
|
HERNANDEZ-PENIDE LOPEZ ENRIQUE |
26/12/2011 |
1 |
|
|
FERNANDEZ DE LA MATA FRANCISCO |
26/12/2011 |
1 |
|
|
SIMON MUŃIZ JUAN ANTONIO |
26/12/2011 |
1 |
|
|
VAQUERO VILAS JUAN |
26/12/2011 |
1 |
|
|
HIDALGO BERTRAN ANTONIO LUIS |
26/12/2011 |
1 |
|
|
BONELO SANCHEZ JOSE MARIA |
26/12/2011 |
1 |
|
|
FERRANDIS TORRES MIGUEL |
26/12/2011 |
2 |
|
|
VACA ESCOLANO ISABEL MARIA |
26/12/2011 |
1 |
|
|
AZPITARTE ZEMP DANIEL TOMAS |
26/12/2011 |
2 |
|
|
WOLFE GOMEZ OSWALD |
26/12/2011 |
2 |
|
|
ALONSO DE NORIEGA MUŃIZ MARIA LUCIA |
26/12/2011 |
1 |
|
|
GARCIA DE LA FUENTE JUAN |
26/12/2011 |
1 |
|
|
BAENA LIBERATO JOSE MARIA |
26/12/2011 |
1 |
|
|
VALENCIA DIAZ JOSE CARLOS |
26/12/2011 |
1 |
|
|
VELAZQUEZ HERREROS BERNARDO |
26/12/2011 |
4 |
|
PROXY |
SUAREZ LLANOS FERNANDEZ ALVARO |
26/09/2013 |
1 |
|
|
GIMENO VALLEDOR LUIS |
26/12/2011 |
3 |
|
|
CASTILLO PLAZA CARLOS |
26/12/2011 |
1 |
|
|
GARCIA VEGA REDONDO RODRIGO |
26/12/2011 |
1 |
|
|
VELAZQUEZ HERREROS BERNARDO |
26/12/2011 |
4 |
|
SECRETARY |
GIMENO VALLEDOR LUIS |
26/12/2011 |
3 |
|
ACCOUNTS' AUDITOR / HOLDER |
KPMG AUDITORES SL |
20/07/2015 |
3 |
Historical
Social Bodies
|
|
|
|
|
|
Social Body's Name |
Post published |
End Date |
Other Positions in this Company |
|
ARNAIZ EGUREN ALVARO |
JOINT ATTORNEY |
26/09/2013 |
1 |
|
FORMOSO FERNANDEZ AMADOR |
PROXY |
26/09/2013 |
1 |
|
GIMENO VALLEDOR LUIS |
JOINT ATTORNEY/COMBINED PROXY |
26/12/2011 |
3 |
|
KPMG AUDITORES SL |
ACCOUNTS' AUDITOR / HOLDER |
01/10/2014 |
3 |
|
|
ACCOUNTS' AUDITOR / HOLDER |
20/07/2015 |
|
|
MASI SAINZ DE LOS TERREROS JOSE LUIS |
CHIEF EXECUTIVE OFFICER |
19/11/2013 |
4 |
|
|
JOINT ATTORNEY/COMBINED PROXY |
23/03/2012 |
|
|
MORENO ZORRILLA ANTONIO |
JOINT ATTORNEY/COMBINED PROXY |
27/06/2014 |
3 |
|
WOLFE GOMEZ OSWALD |
MEMBER OF THE BOARD |
26/01/2015 |
2 |
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 |
|
0 |
--- |
date |
|
|
Proceedings |
|
--- |
--- |
|
--- |
|
Resolution |
|
--- |
--- |
|
--- |
|
Defaults on debt with Financial Institutions and Large Companies |
Bank and Commercial Delinquency |
None |
0 |
|
|
|
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 |
|
Unpublished |
--- |
|
|
> Details
|
Positive Factors |
Adverse Factors |
|
No judicial claims have been detected in the Official Gazettes, regarding any Entity's outstanding debts with the Tax Bureau or Social Security administrations, as submitted by Courts of the various court jurisdictions. No irregular payment performance has been detected based on information obtained from credit bureaus. It is one of the major domestic companies in terms of sales volume. Adequate level of financial autonomy. The financial autonomy of the entity represents the 32.61 %. In principle, an increase in this ratio would indicate an improvement in the corporate's balace sheets. ACERINOX EUROPA SA 's borrowing cost is appropriate according to its volume of external financing sources. |
|
Probability
of default
|
|
|
|
|
> Estimated
Probability of Default for the next 12 months: 0.222 %
|
Sector in which comparison is carried out: 241 Manufacture of basic iron and steel and of ferro-alloys |
|
|
Relative Position:
|
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 ACERINOX EUROPA 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 0.222%.
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.
Result
of query submitted to the R.A.I. (Spanish Bad Debt Register) on
LEGAL
CLAIMS
Summary of Judicial Claims
|
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||
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No se han publicado |
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No se han publicado |
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No se han publicado |
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No se han publicado |
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No se han publicado |
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No se han publicado |
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No se han publicado |
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No se han publicado |
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No se han publicado |
|
Guarantees
References
Link
List
|
IS RELATED
WITH: |
11 Entities |
|
PARTICIPATES
IN: |
1 Entities |
|
SHAREHOLDERS: |
1 Entities |
>
Shareholders
|
Relationship |
Entity |
Province |
Shareholding stake |
|
SHAREHOLDERS |
ACERINOX SA |
MADRID |
100 |
|
PARTICIPATES
IN |
INOXIDABLES DE
EUSKADI SA |
ALAVA |
100 |
> Other
relationships
|
Relationship |
Entity |
Province |
Shareholding stake |
|
IS RELATED WITH |
| | |
|
|
|
|
ACERINOX SA |
MADRID |
|
|
|
ACERINOX
AUSTRALASIA PTY, S.A. |
|
|
|
|
ACERINOX
POLSKA SP ZOO |
|
|
|
|
ACERINOX INDIA
PVT, S.A. |
|
|
|
|
ACERINOX (SEA)
PTE, S.A. |
|
|
|
|
ACERINOX
RUSSIA, S.A. |
|
|
|
|
ACERINOX,
SOCIEDAD COLECTIVA, MALAYSIA SDN BHD |
|
|
|
|
ACEROL
COMERCIO E INDSUTRIA DE ACOS INOXIDAVEIS UNIPERSOAL, S.A. |
|
|
|
|
NORTH MAERICAN
STAINLESS MEXICO, S.A. |
|
|
|
|
NOTH AMERICAN
STAINLESS CANADA INC |
|
|
|
|
NOTH AMERICAN
STAINLESS INC |
|
|
Turnover
|
|
|
Total Sales 2014 |
1.431.613.000 |
The sales data
is from the latest available financial statements. Failing that, are estimates
data calculated by statistical methods.
|
Financial
Accounts and Balance Sheets
|
|
|
|
|
Financial Years
Presented
|
Ejercicio |
Tipo de Cuentas Anuales |
Fecha Presentacion |
|
2014 |
Normales |
July 2015 |
|
2013 |
Normales |
June 2014 |
|
2012 |
Normales |
July 2013 |
|
2011 |
Normales |
July 2012 |
The data in the report
regarding the last Company Accounts submitted by the company is taken from the
TRADE REGISTER serving the region in which the company's address is located
31/12/2014
> Normal format Balance in accordance with the New
Accounting Plan 2007
Information
corresponding to the fiscal year 2014 2013 2012 2011 is
taken from information submitted to the TRADE REGISTER. Data corresponding to
fiscal years before 2014 2013 2012 2011 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. To view
details on the methodology.
|
|
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
|
Assets |
2014 |
2013 |
2012 |
2011 |
|
A) NON-CURRENT ASSETS: 11000 |
240.875.000,00 |
260.313.000,00 |
240.849.000,00 |
218.705.000,00 |
|
I. Intangible fixed assets : 11100 |
15.366.000,00 |
12.503.000,00 |
15.094.000,00 |
16.385.000,00 |
|
1. Development:
11110 |
0,00 |
0,00 |
0,00 |
0,00 |
|
2. Concessions:
11120 |
0,00 |
0,00 |
0,00 |
0,00 |
|
3. Patents, licencing,
trade marks and similar: 11130 |
0,00 |
0,00 |
0,00 |
31.000,00 |
|
4. Goodwill:
11140 |
0,00 |
0,00 |
0,00 |
0,00 |
|
5. IT applications:
11150 |
310.000,00 |
182.000,00 |
349.000,00 |
509.000,00 |
|
6. Investigation:
11160 |
8.197.000,00 |
7.475.000,00 |
9.398.000,00 |
10.556.000,00 |
|
7. Intellectual
property: 11180 |
0,00 |
0,00 |
0,00 |
0,00 |
|
8. Greenhouse gas
emission allowance: 11190 |
6.856.000,00 |
4.846.000,00 |
0,00 |
0,00 |
|
9. Other intangible
fixed assets. : 11170 |
3.000,00 |
0,00 |
5.347.000,00 |
5.289.000,00 |
|
II. Tangible fixed assets : 11200 |
174.154.000,00 |
193.073.000,00 |
191.793.000,00 |
185.698.000,00 |
|
1. Land and buildings:
11210 |
47.728.000,00 |
48.714.000,00 |
44.150.000,00 |
41.282.000,00 |
|
2. Technical
installations and other tangible fixed assets: 11220 |
123.232.000,00 |
144.166.000,00 |
112.930.000,00 |
132.501.000,00 |
|
3. Tangible asset in
progress and advances: 11230 |
3.194.000,00 |
193.000,00 |
34.713.000,00 |
11.915.000,00 |
|
III. Real estate investment: 11300 |
9.317.000,00 |
8.831.000,00 |
0,00 |
0,00 |
|
1. Land: 11310 |
4.514.000,00 |
4.443.000,00 |
0,00 |
0,00 |
|
2. Buildings: 11320 |
4.803.000,00 |
4.388.000,00 |
0,00 |
0,00 |
|
IV. Long-term investments in Group
companies and associates : 11400 |
2.705.000,00 |
2.705.000,00 |
2.705.000,00 |
2.705.000,00 |
|
1. Equity instruments:
11410 |
2.705.000,00 |
2.705.000,00 |
2.705.000,00 |
2.705.000,00 |
|
2. Credits to
businesses: 11420 |
0,00 |
0,00 |
0,00 |
0,00 |
|
3. Debt securities:
11430 |
0,00 |
0,00 |
0,00 |
0,00 |
|
4. Derivatives : 11440 |
0,00 |
0,00 |
0,00 |
0,00 |
|
5. Other financial
assets : 11450 |
0,00 |
0,00 |
0,00 |
0,00 |
|
6. Other investments:
11460 |
0,00 |
0,00 |
0,00 |
0,00 |
|
V. Long-term financial investments:
11500 |
2.540.000,00 |
1.489.000,00 |
817.000,00 |
705.000,00 |
|
1. Equity instruments:
11510 |
0,00 |
0,00 |
0,00 |
0,00 |
|
2. Credits to third
parties : 11520 |
7.000,00 |
0,00 |
0,00 |
0,00 |
|
3. Debt securities:
11530 |
0,00 |
0,00 |
0,00 |
0,00 |
|
4. Derivatives :
11540 |
0,00 |
0,00 |
0,00 |
0,00 |
|
5. Other financial
assets : 11550 |
2.533.000,00 |
1.489.000,00 |
817.000,00 |
705.000,00 |
|
6. Other investments:
11560 |
0,00 |
0,00 |
0,00 |
0,00 |
|
VI. Assets for deferred tax : 11600 |
36.793.000,00 |
41.712.000,00 |
30.440.000,00 |
13.212.000,00 |
|
VII. Non-current trade debts : 11700 |
0,00 |
0,00 |
0,00 |
0,00 |
|
B) CURRENT ASSETS: 12000 |
594.050.000,00 |
476.804.000,00 |
555.204.000,00 |
729.057.000,00 |
|
I. Non-current assets held for sale :
12100 |
0,00 |
0,00 |
0,00 |
0,00 |
|
II. Stocks: 12200 |
197.183.000,00 |
183.243.000,00 |
185.389.000,00 |
235.231.000,00 |
|
1. Commercial:
12210 |
0,00 |
0,00 |
0,00 |
0,00 |
|
2. Primary material
and other supplies: 12220 |
69.754.000,00 |
60.271.000,00 |
86.931.000,00 |
88.391.000,00 |
|
3. Work in progress:
12230 |
60.831.000,00 |
48.196.000,00 |
31.808.000,00 |
56.960.000,00 |
|
a) Of long-term production cycle : 12231 |
0,00 |
0,00 |
0,00 |
0,00 |
|
b) Of short-term production cycle : 12232 |
60.831.000,00 |
48.196.000,00 |
31.808.000,00 |
56.960.000,00 |
|
4. Finished goods:
12240 |
59.147.000,00 |
71.531.000,00 |
61.337.000,00 |
84.505.000,00 |
|
a) Of long-term production cycle : 12241 |
0,00 |
0,00 |
0,00 |
0,00 |
|
b) Of short-term production cycle : 12242 |
59.147.000,00 |
71.531.000,00 |
61.337.000,00 |
84.505.000,00 |
|
5. By-products,
residues and recycled materials: 12250 |
7.119.000,00 |
3.099.000,00 |
5.093.000,00 |
5.195.000,00 |
|
6. Advances to
suppliers: 12260 |
332.000,00 |
146.000,00 |
220.000,00 |
180.000,00 |
|
III. Trade debtors and others receivable
accounts: 12300 |
342.214.000,00 |
279.159.000,00 |
334.718.000,00 |
485.238.000,00 |
|
1. Trade debtors /
accounts receivable: 12310 |
44.027.000,00 |
32.307.000,00 |
23.184.000,00 |
28.357.000,00 |
|
a) Long-term receivables from sales and services supplied : 12311 |
0,00 |
0,00 |
0,00 |
0,00 |
|
b) Customers for sales and provisions of services : 12312 |
44.027.000,00 |
32.307.000,00 |
23.184.000,00 |
28.357.000,00 |
|
2. Customers, Group
companies and associates : 12320 |
292.615.000,00 |
238.604.000,00 |
301.812.000,00 |
442.194.000,00 |
|
3. Other accounts
receivable: 12330 |
1.319.000,00 |
2.224.000,00 |
1.531.000,00 |
2.954.000,00 |
|
4. Personnel:
12340 |
124.000,00 |
129.000,00 |
84.000,00 |
363.000,00 |
|
5. Assets for deferred
tax: 12350 |
20.000,00 |
125.000,00 |
47.000,00 |
0,00 |
|
6. Other debtors,
including tax and social security: 12360 |
4.109.000,00 |
5.770.000,00 |
8.060.000,00 |
11.370.000,00 |
|
7. Called up share
capital: 12370 |
0,00 |
0,00 |
0,00 |
0,00 |
|
IV. Short-term investments in Group
companies and associates: 12400 |
0,00 |
0,00 |
0,00 |
0,00 |
|
1. Equity instruments:
12410 |
0,00 |
0,00 |
0,00 |
0,00 |
|
2. Credits to
businesses: 12420 |
0,00 |
0,00 |
0,00 |
0,00 |
|
3. Debt securities:
12430 |
0,00 |
0,00 |
0,00 |
0,00 |
|
4. Derivatives :
12440 |
0,00 |
0,00 |
0,00 |
0,00 |
|
5. Other financial
assets : 12450 |
0,00 |
0,00 |
0,00 |
0,00 |
|
6. Other investments:
12460 |
0,00 |
0,00 |
0,00 |
0,00 |
|
V. Short-term financial investments :
12500 |
8.649.000,00 |
320.000,00 |
0,00 |
6.108.000,00 |
|
1. Equity instruments:
12510 |
0,00 |
0,00 |
0,00 |
0,00 |
|
2. Credits to
businesses: 12520 |
0,00 |
0,00 |
0,00 |
0,00 |
|
3. Debt securities:
12530 |
0,00 |
0,00 |
0,00 |
0,00 |
|
4. Derivatives :
12540 |
8.649.000,00 |
320.000,00 |
0,00 |
6.108.000,00 |
|
5. Other financial
assets : 12550 |
0,00 |
0,00 |
0,00 |
0,00 |
|
6. Other investments:
12560 |
0,00 |
0,00 |
0,00 |
0,00 |
|
VI. Short-term accruals: 12600 |
731.000,00 |
1.063.000,00 |
1.068.000,00 |
671.000,00 |
|
VII. Cash and other equivalent liquid
assets : 12700 |
45.273.000,00 |
13.019.000,00 |
34.029.000,00 |
1.809.000,00 |
|
1. Treasury: 12710 |
45.273.000,00 |
13.019.000,00 |
34.029.000,00 |
1.809.000,00 |
|
2. Other equivalent
liquid assets: 12720 |
0,00 |
0,00 |
0,00 |
0,00 |
|
TOTAL ASSETS (A + B) : 10000 |
834.925.000,00 |
737.117.000,00 |
796.053.000,00 |
947.762.000,00 |
|
|
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
|
Liabilities and Net
Worth |
2014 |
2013 |
2012 |
2011 |
|
A) NET WORTH: 20000 |
276.994.000,00 |
258.668.000,00 |
285.367.000,00 |
319.168.000,00 |
|
A-1) Shareholders' equity: 21000 |
272.238.000,00 |
255.303.000,00 |
281.252.000,00 |
315.488.000,00 |
|
I. Capital: 21100 |
62.000.000,00 |
62.000.000,00 |
62.000.000,00 |
62.000.000,00 |
|
1. Registered capital
: 21110 |
62.000.000,00 |
62.000.000,00 |
62.000.000,00 |
62.000.000,00 |
|
2. (Uncalled capital):
21120 |
0,00 |
0,00 |
0,00 |
0,00 |
|
II. Share premium: 21200 |
279.381.000,00 |
279.381.000,00 |
279.381.000,00 |
279.381.000,00 |
|
III. Reserves: 21300 |
0,00 |
0,00 |
0,00 |
0,00 |
|
1. Legal and
statutory: 21310 |
0,00 |
0,00 |
0,00 |
0,00 |
|
2. Other reserves:
21320 |
0,00 |
0,00 |
0,00 |
0,00 |
|
3. Revaluation reserves:
21330 |
0,00 |
0,00 |
0,00 |
0,00 |
|
IV. (Common stock equity): 21400 |
0,00 |
0,00 |
0,00 |
0,00 |
|
V. Results from previous periods:
21500 |
-86.078.000,00 |
-60.129.000,00 |
-25.893.000,00 |
0,00 |
|
1. Brought forward:
21510 |
0,00 |
0,00 |
0,00 |
0,00 |
|
2. (Negative results
from previous periods): 21520 |
-86.078.000,00 |
-60.129.000,00 |
0,00 |
0,00 |
|
VI. Other shareholders' contributions:
21600 |
0,00 |
0,00 |
0,00 |
0,00 |
|
VII. Result of the period: 21700 |
16.935.000,00 |
-25.949.000,00 |
-34.236.000,00 |
-25.893.000,00 |
|
VIII. (Interim dividend): 21800 |
0,00 |
0,00 |
0,00 |
0,00 |
|
IX. Other net worth instruments:
21900 |
0,00 |
0,00 |
0,00 |
0,00 |
|
A-2) Adjustments due to changes in value:
22000 |
0,00 |
0,00 |
0,00 |
0,00 |
|
I. Financial assets held for sale:
22100 |
0,00 |
0,00 |
0,00 |
0,00 |
|
II. Hedge operations: 22200 |
0,00 |
0,00 |
0,00 |
0,00 |
|
III. Linked non-current assets and
liabilities held for sale : 22300 |
0,00 |
0,00 |
0,00 |
0,00 |
|
IV. Exchange rate difference: 22400 |
0,00 |
0,00 |
0,00 |
0,00 |
|
V. Other: 22500 |
0,00 |
0,00 |
0,00 |
0,00 |
|
A-3) Received subsidies, donations and
legacies: 23000 |
4.756.000,00 |
3.365.000,00 |
4.115.000,00 |
3.680.000,00 |
|
B) NON-CURRENT LIABILITIES: 31000 |
16.202.000,00 |
19.791.000,00 |
11.484.000,00 |
12.368.000,00 |
|
I. Long-term provisions: 31100 |
1.831.000,00 |
2.001.000,00 |
2.006.000,00 |
2.511.000,00 |
|
1. Long-term employee
benefits liability: 31110 |
0,00 |
0,00 |
0,00 |
0,00 |
|
2. Environmental
actions: 31120 |
0,00 |
0,00 |
0,00 |
0,00 |
|
3. Restructuring
provisions: 31130 |
0,00 |
0,00 |
0,00 |
0,00 |
|
4. Other provisions:
31140 |
1.831.000,00 |
2.001.000,00 |
2.006.000,00 |
2.511.000,00 |
|
II Long-term creditors: 31200 |
9.236.000,00 |
14.096.000,00 |
4.895.000,00 |
5.104.000,00 |
|
1. Liabilities and
other securities: 31210 |
0,00 |
0,00 |
0,00 |
0,00 |
|
2. Amounts owed to
credit institutions: 31220 |
7.106.000,00 |
12.277.000,00 |
2.971.000,00 |
3.095.000,00 |
|
3. Creditors from
financial leasing: 31230 |
0,00 |
0,00 |
0,00 |
0,00 |
|
4. Derivatives :
31240 |
0,00 |
0,00 |
0,00 |
0,00 |
|
5. Other financial
liabilities : 31250 |
2.130.000,00 |
1.819.000,00 |
1.924.000,00 |
2.009.000,00 |
|
III. Long-term debts with Group companies
and associates: 31300 |
0,00 |
0,00 |
0,00 |
0,00 |
|
IV. Liabilities for deferred tax: 31400 |
5.135.000,00 |
3.694.000,00 |
4.583.000,00 |
4.753.000,00 |
|
V. Long-term accruals: 31500 |
0,00 |
0,00 |
0,00 |
0,00 |
|
VI. Non-current trade creditors :
31600 |
0,00 |
0,00 |
0,00 |
0,00 |
|
VII. Special long-term debts : 31700 |
0,00 |
0,00 |
0,00 |
0,00 |
|
C) CURRENT LIABILITIES : 32000 |
541.729.000,00 |
458.658.000,00 |
499.202.000,00 |
616.226.000,00 |
|
I. Liabilities linked to non-current assets
held for sale: 32100 |
0,00 |
0,00 |
0,00 |
0,00 |
|
II. Short-term provisions: 32200 |
0,00 |
0,00 |
0,00 |
0,00 |
|
1. Provisions from
greenhouse gas emission allowance: 32210 |
0,00 |
0,00 |
0,00 |
0,00 |
|
2. Other provisions: 32220 |
0,00 |
0,00 |
0,00 |
0,00 |
|
III. Short-term creditors : 32300 |
10.768.000,00 |
10.412.000,00 |
29.538.000,00 |
16.182.000,00 |
|
1. Liabilities and
other securities: 32310 |
0,00 |
0,00 |
0,00 |
0,00 |
|
2. Amounts owed to
credit institutions: 32320 |
6.114.000,00 |
4.842.000,00 |
11.475.000,00 |
5.716.000,00 |
|
3. Creditors from
financial leasing: 32330 |
0,00 |
0,00 |
0,00 |
0,00 |
|
4. Derivatives :
32340 |
3.308.000,00 |
3.221.000,00 |
4.175.000,00 |
4.867.000,00 |
|
5. Other financial
liabilities : 32350 |
1.346.000,00 |
2.349.000,00 |
13.888.000,00 |
5.599.000,00 |
|
IV. Short-term debts with Group companies
and associates: 32400 |
184.708.000,00 |
127.270.000,00 |
152.084.000,00 |
234.346.000,00 |
|
V. Trade creditors and other accounts
payable: 32500 |
346.253.000,00 |
320.976.000,00 |
317.580.000,00 |
365.698.000,00 |
|
1. Suppliers:
32510 |
304.733.000,00 |
272.763.000,00 |
273.724.000,00 |
237.105.000,00 |
|
a) Long-term debts : 32511 |
0,00 |
0,00 |
0,00 |
0,00 |
|
b) Short-term debts : 32512 |
304.733.000,00 |
272.763.000,00 |
273.724.000,00 |
237.105.000,00 |
|
2. Suppliers, Group
companies and associates: 32520 |
5.697.000,00 |
7.122.000,00 |
6.387.000,00 |
113.350.000,00 |
|
3. Other creditors:
32530 |
20.797.000,00 |
27.754.000,00 |
22.391.000,00 |
350.000,00 |
|
4. Personnel
(remuneration due): 32540 |
7.370.000,00 |
6.595.000,00 |
6.619.000,00 |
8.187.000,00 |
|
5. Liabilities for
current tax: 32550 |
0,00 |
0,00 |
0,00 |
0,00 |
|
6. Other accounts payable
to Public Administrations.: 32560 |
4.671.000,00 |
4.727.000,00 |
4.935.000,00 |
4.659.000,00 |
|
7. Advances from
clients: 32570 |
2.985.000,00 |
2.015.000,00 |
3.524.000,00 |
2.047.000,00 |
|
VI. Short-term accruals: 32600 |
0,00 |
0,00 |
0,00 |
0,00 |
|
VII. Special short-term debts : 32700 |
0,00 |
0,00 |
0,00 |
0,00 |
|
TOTAL NET WORTH AND LIABILITIES (A + B + C) : 30000 |
834.925.000,00 |
737.117.000,00 |
796.053.000,00 |
947.762.000,00 |
|
|
ORIGINAL |
ORIGINAL |
ORIGINAL |
ORIGINAL |
|
Profit and Loss |
2014 |
2013 |
2012 |
2011 |
|
1. Net turnover: 40100 |
1.431.613.000,00 |
1.167.512.000,00 |
1.381.084.000,00 |
1.413.582.000,00 |
|
a) Sales: 40110 |
1.430.150.000,00 |
1.166.412.000,00 |
1.380.065.000,00 |
1.412.513.000,00 |
|
b) Rendering of services: 40120 |
1.463.000,00 |
1.100.000,00 |
1.019.000,00 |
1.069.000,00 |
|
c) Income of financial nature of holding companies:
40130 |
0,00 |
0,00 |
0,00 |
0,00 |
|
2. Changes in stocks of finished goods and work in progress:
40200 |
4.271.000,00 |
24.589.000,00 |
-48.422.000,00 |
-22.952.000,00 |
|
3. Works carried out by the company for its assets: 40300 |
4.051.000,00 |
13.941.000,00 |
2.406.000,00 |
3.981.000,00 |
|
4. Supplies : 40400 |
-1.066.085.000,00 |
-914.870.000,00 |
-1.039.830.000,00 |
-1.110.808.000,00 |
|
a) Stock consumption: 40410 |
-1.716.000,00 |
-3.182.000,00 |
-1.131.000,00 |
-3.386.000,00 |
|
b) Consumption of raw materials and
miscellaneous consumable ones: 40420 |
-1.064.284.000,00 |
-911.677.000,00 |
-1.039.071.000,00 |
-1.117.189.000,00 |
|
c) Works carried out by other companies:
40430 |
0,00 |
0,00 |
0,00 |
0,00 |
|
d) Impairment of stock, primary material
and other supplies: 40440 |
-85.000,00 |
-11.000,00 |
372.000,00 |
9.767.000,00 |
|
5. Other operating income: 40500 |
1.825.000,00 |
875.000,00 |
1.105.000,00 |
6.805.000,00 |
|
a) Auxiliary income and other from current
management: 40510 |
1.825.000,00 |
875.000,00 |
1.105.000,00 |
6.805.000,00 |
|
b) Operation subsidies included in the
Period's result: 40520 |
0,00 |
0,00 |
0,00 |
0,00 |
|
6. Personnel costs: 40600 |
-123.689.000,00 |
-121.111.000,00 |
-128.300.000,00 |
-123.865.000,00 |
|
a) Wages, salaries et al.: 40610 |
-90.944.000,00 |
-89.489.000,00 |
-95.980.000,00 |
-92.849.000,00 |
|
b) Social security costs: 40620 |
-32.745.000,00 |
-31.622.000,00 |
-32.320.000,00 |
-31.016.000,00 |
|
c) Provisions : 40630 |
0,00 |
0,00 |
0,00 |
0,00 |
|
7. Other operating costs: 40700 |
-177.885.000,00 |
-170.646.000,00 |
-179.411.000,00 |
-159.704.000,00 |
|
a) External services: 40710 |
-173.657.000,00 |
-165.520.000,00 |
-175.454.000,00 |
-155.286.000,00 |
|
b) Taxes: 40720 |
-2.461.000,00 |
-2.836.000,00 |
-2.018.000,00 |
-2.063.000,00 |
|
c) Losses, impairments and variation in
provisions from trade operations : 40730 |
-51.000,00 |
-431.000,00 |
26.000,00 |
18.000,00 |
|
d) Other current management expenditure :
40740 |
-1.716.000,00 |
-1.859.000,00 |
-1.965.000,00 |
-2.373.000,00 |
|
e) Expenses due to greenhouse gas
emissions: 40750 |
0,00 |
0,00 |
0,00 |
0,00 |
|
8. Amortisation of fixed assets: 40800 |
-31.097.000,00 |
-27.050.000,00 |
-29.128.000,00 |
-29.820.000,00 |
|
9. Allocation of subsidies of non-financial fixed assets and
other: 40900 |
-609.000,00 |
2.973.000,00 |
1.895.000,00 |
5.122.000,00 |
|
10. Excess provisions : 41000 |
0,00 |
0,00 |
0,00 |
0,00 |
|
11. Impairment and result of transfers of fixed assets:
41100 |
2.835.000,00 |
-279.000,00 |
689.000,00 |
-3.143.000,00 |
|
a) Impairment and losses : 41110 |
2.835.000,00 |
-274.000,00 |
696.000,00 |
-3.118.000,00 |
|
b) Results for transfers and other :
41120 |
0,00 |
-5.000,00 |
-7.000,00 |
-25.000,00 |
|
c) Impairment and profit due to disposals
of assets of holding companies: 41130 |
0,00 |
0,00 |
0,00 |
0,00 |
|
12. Negative difference in combined businesses: 41200 |
0,00 |
0,00 |
0,00 |
0,00 |
|
13. Other results : 41300 |
0,00 |
0,00 |
0,00 |
0,00 |
|
A.1) OPERATING INCOME (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 +
11 + 12 + 13) : 49100 |
45.230.000,00 |
-24.066.000,00 |
-37.912.000,00 |
-20.802.000,00 |
|
14. Financial income : 41400 |
421.000,00 |
1.374.000,00 |
3.287.000,00 |
114.000,00 |
|
a) Of shares in equity instruments :
41410 |
0,00 |
0,00 |
0,00 |
0,00 |
|
a 1) In Group
companies and associates: 41411 |
0,00 |
0,00 |
0,00 |
0,00 |
|
a 2) In third parties:
41412 |
0,00 |
0,00 |
0,00 |
0,00 |
|
b) From negotiable securities and other
financial instruments : 41420 |
421.000,00 |
1.374.000,00 |
3.287.000,00 |
114.000,00 |
|
b 1) From Group
companies and associates : 41421 |
287.000,00 |
1.113.000,00 |
2.940.000,00 |
111.000,00 |
|
b 2) From third
parties : 41422 |
134.000,00 |
261.000,00 |
347.000,00 |
3.000,00 |
|
c) Allocation of financial subsidies,
donations and legacies : 41430 |
0,00 |
0,00 |
0,00 |
0,00 |
|
15. Financial expenditure: 41500 |
-15.185.000,00 |
-14.595.000,00 |
-14.731.000,00 |
-12.667.000,00 |
|
a) Amounts owed to Group companies and
associates : 41510 |
-10.241.000,00 |
-7.854.000,00 |
-10.966.000,00 |
-11.429.000,00 |
|
b) For debts with third parties :
41520 |
-4.944.000,00 |
-6.741.000,00 |
-3.765.000,00 |
-1.238.000,00 |
|
c) Stock renewal : 41530 |
0,00 |
0,00 |
0,00 |
0,00 |
|
16. Changes in fair value of financial instruments : 41600 |
8.242.000,00 |
1.273.000,00 |
-5.416.000,00 |
11.787.000,00 |
|
a) Trading book and other : 41610 |
8.242.000,00 |
1.273.000,00 |
-5.416.000,00 |
11.787.000,00 |
|
b) Allocation of financial assets held for
sale to the result for the period: 41620 |
0,00 |
0,00 |
0,00 |
0,00 |
|
17. Exchange rate differences : 41700 |
-8.959.000,00 |
-1.835.000,00 |
4.003.000,00 |
-16.378.000,00 |
|
18. Impairment and result for transfers of financial
instruments: 41800 |
0,00 |
0,00 |
0,00 |
0,00 |
|
a) Impairment and losses : 41810 |
0,00 |
0,00 |
0,00 |
0,00 |
|
b) Results for transfers and other :
41820 |
0,00 |
0,00 |
0,00 |
0,00 |
|
19. Other financial income and expenditure: 42100 |
0,00 |
0,00 |
0,00 |
0,00 |
|
a) Incorporation of financial expenditure
to assets: 42110 |
0,00 |
0,00 |
0,00 |
0,00 |
|
b) Financial income from arrangement with
creditors: 42120 |
0,00 |
0,00 |
0,00 |
0,00 |
|
c) Other income and expenditure:
42130 |
0,00 |
0,00 |
0,00 |
0,00 |
|
A.2) FINANCIAL REVENUE (14+15+16+17+18+19) : 49200 |
-15.481.000,00 |
-13.783.000,00 |
-12.857.000,00 |
-17.144.000,00 |
|
A.3) NET RESULT BEFORE TAXES (A.1+A.2) : 49300 |
29.749.000,00 |
-37.849.000,00 |
-50.769.000,00 |
-37.946.000,00 |
|
20. Income taxes: 41900 |
-12.814.000,00 |
11.900.000,00 |
16.533.000,00 |
12.053.000,00 |
|
A.4) PROFIT AFTER TAXES (A.3+20) : 49400 |
16.935.000,00 |
-25.949.000,00 |
-34.236.000,00 |
-25.893.000,00 |
|
21. Result of the year coming from interrupted operations :
42000 |
0,00 |
0,00 |
0,00 |
0,00 |
|
A.5) RESULT OF THE PERIOD (A.4+21) : 49500 |
16.935.000,00 |
-25.949.000,00 |
-34.236.000,00 |
-25.893.000,00 |
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.
|
|
2014 |
2013 |
2012 |
2011 |
|
1. Fiscal year result before taxes.: 61100 |
29.749.000,00 |
-37.849.000,00 |
-50.769.000,00 |
-37.946.000,00 |
|
2. Results adjustments.: 61200 |
47.150.000,00 |
45.505.000,00 |
47.312.000,00 |
40.626.000,00 |
|
a) Fixed Assets Amortization (+).:
61201 |
31.097.000,00 |
27.050.000,00 |
29.128.000,00 |
29.820.000,00 |
|
b) Obsolescence Allowances (+/-). :
61202 |
-5.180.000,00 |
2.501.000,00 |
-442.000,00 |
-2.011.000,00 |
|
c) Variation in Provision (+/-). :
61203 |
1.716.000,00 |
1.859.000,00 |
1.875.000,00 |
2.373.000,00 |
|
d) Allocation of grants (-).: 61204 |
609.000,00 |
-2.973.000,00 |
-1.895.000,00 |
-6.185.000,00 |
|
e) Results on disposal of fixed assets
(+/-). : 61205 |
0,00 |
5.000,00 |
7.000,00 |
3.143.000,00 |
|
g) Financial income (-).: 61207 |
-421.000,00 |
-1.374.000,00 |
-3.287.000,00 |
-114.000,00 |
|
h) Financial Expenses (+). : 61208 |
15.184.000,00 |
14.595.000,00 |
14.731.000,00 |
12.667.000,00 |
|
k) Other income and expense (-/+). :
61211 |
4.145.000,00 |
3.842.000,00 |
7.195.000,00 |
933.000,00 |
|
3. Changes in current capital equity.: 61300 |
-56.171.000,00 |
33.435.000,00 |
155.291.000,00 |
50.909.000,00 |
|
a) Stock (+/-).: 61301 |
-11.544.000,00 |
322.000,00 |
49.564.000,00 |
54.939.000,00 |
|
d) Debtors and other accounts receivable
(+/-). : 61302 |
-63.211.000,00 |
55.233.000,00 |
147.283.000,00 |
-35.434.000,00 |
|
c) Other current assets (+/-). :
61303 |
-7.989.000,00 |
-315.000,00 |
9.377.000,00 |
-6.021.000,00 |
|
d) Creditors and other accounts payable
(+/-). : 61304 |
26.487.000,00 |
-12.871.000,00 |
-50.160.000,00 |
31.019.000,00 |
|
e) Other current liabilities (+/-).:
61305 |
86.000,00 |
-8.934.000,00 |
-773.000,00 |
6.406.000,00 |
|
4. Other cash flows for operating activities.: 61400 |
-22.299.000,00 |
-13.238.000,00 |
-11.399.000,00 |
-12.433.000,00 |
|
a) Interest payments (-). : 61401 |
-15.017.000,00 |
-14.595.000,00 |
-14.514.000,00 |
-12.547.000,00 |
|
c) Interest collection (+). : 61403 |
421.000,00 |
1.374.000,00 |
3.287.000,00 |
114.000,00 |
|
d) Income tax payment collection (payments)
(+/-).: 61404 |
-7.703.000,00 |
-17.000,00 |
-172.000,00 |
0,00 |
|
5. Operating activity cash flows (1 + 2 + 3 + 4) : 61500 |
-1.571.000,00 |
27.853.000,00 |
140.435.000,00 |
41.156.000,00 |
|
6. Payments for investment (-).: 62100 |
-19.733.000,00 |
-51.750.000,00 |
-31.101.000,00 |
-46.641.000,00 |
|
b) Intangible fixed assets. : 62102 |
-3.315.000,00 |
-978.000,00 |
-1.691.000,00 |
-5.726.000,00 |
|
c) Fixed assets. : 62103 |
-15.351.000,00 |
-50.049.000,00 |
-29.129.000,00 |
-40.392.000,00 |
|
e) Other financial assets. : 62105 |
-1.067.000,00 |
-723.000,00 |
-281.000,00 |
-523.000,00 |
|
7. Divestment payment collection (+). : 62200 |
11.000,00 |
53.000,00 |
170.000,00 |
225.000,00 |
|
c) Fixed assets. : 62203 |
3.000,00 |
2.000,00 |
1.000,00 |
197.000,00 |
|
e) Other financial assets. : 62205 |
8.000,00 |
51.000,00 |
169.000,00 |
28.000,00 |
|
8. Investment activity cash flows (6 + 7) minus Amortization:
62300 |
-19.722.000,00 |
-51.697.000,00 |
-30.931.000,00 |
-46.416.000,00 |
|
9. Payment collection and payments for equity instruments. :
63100 |
61.000,00 |
140.000,00 |
689.000,00 |
539.000,00 |
|
e) Grants, donations and bequests received
(+). : 63105 |
61.000,00 |
140.000,00 |
689.000,00 |
539.000,00 |
|
10. Payment collection and payments for financial liabilities
instruments.: 63200 |
53.486.000,00 |
2.694.000,00 |
-77.973.000,00 |
6.512.000,00 |
|
a) Issuance : 63201 |
277.000,00 |
10.000.000,00 |
5.541.000,00 |
6.515.000,00 |
|
2. Debts incurred with credit institutions
(+). : 63203 |
40.000,00 |
10.000.000,00 |
5.541.000,00 |
6.018.000,00 |
|
5. Other debts (+). : 63206 |
237.000,00 |
0,00 |
0,00 |
497.000,00 |
|
b) Repayment and amortization of :
63207 |
53.209.000,00 |
-7.306.000,00 |
-83.514.000,00 |
-3.000,00 |
|
2. Debts incurred with credit institutions
(-).: 63209 |
-4.229.000,00 |
-7.306.000,00 |
-123.000,00 |
-3.000,00 |
|
3. Debts incurred with companies of the group
and affiliates (-). : 63210 |
57.438.000,00 |
0,00 |
-83.189.000,00 |
0,00 |
|
5. Other debts (-). : 63212 |
0,00 |
0,00 |
-202.000,00 |
0,00 |
|
11. Payments from dividends and remunerations from other assets
instruments. : 63300 |
0,00 |
0,00 |
0,00 |
0,00 |
|
12. Cash flows for financing activities (9+10+11).: 63400 |
53.547.000,00 |
2.834.000,00 |
-77.284.000,00 |
7.051.000,00 |
|
D) EFFECT OF EXCHANGE RATE CHANGES: 64000 |
0,00 |
0,00 |
0,00 |
0,00 |
|
E) NET INCREASE/DECREASE OF CASH OR EQUIVALENT ASSETS
(+/-5+/-8+/12+/-D) : 65000 |
32.254.000,00 |
-21.010.000,00 |
32.220.000,00 |
1.791.000,00 |
|
Cash or equivalent assets as of beginning
of the fiscal year.: 65100 |
13.019.000,00 |
34.029.000,00 |
1.809.000,00 |
18.000,00 |
|
Cash or equivalent assets as of end of the
fiscal year.: 65200 |
45.273.000,00 |
13.019.000,00 |
34.029.000,00 |
1.809.000,00 |
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 |
2014 |
2013 |
Variación 2014 - 2013 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Cash Flow over Sales: |
0,02 % |
0,04 % |
-0,02 % |
0,01 % |
225,19 % |
235,64 % |
|
|
EBITDA over Sales: |
5,18 % |
12,37 % |
0,02 % |
11,38 % |
20.738,40 % |
8,72 % |
|
|
Cash Flow Yield: |
0,04 % |
0,02 % |
-0,03 % |
0,01 % |
235,53 % |
267,30 % |
|
|
Profitability |
2014 |
2013 |
Variación 2014 - 2013 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Operating economic profitability: |
5,51 % |
8,87 % |
-3,28 % |
6,87 % |
267,70 % |
29,00 % |
|
|
Total economic profitability: |
5,38 % |
5,25 % |
-3,15 % |
3,76 % |
270,60 % |
39,80 % |
|
|
Financial profitability: |
6,22 % |
8,21 % |
-10,16 % |
4,24 % |
161,20 % |
93,60 % |
|
|
Margin: |
3,15 % |
7,70 % |
-2,04 % |
6,72 % |
254,58 % |
14,49 % |
|
|
Mark-up: |
2,07 % |
7,32 % |
-3,20 % |
4,50 % |
164,65 % |
62,54 % |
|
|
Solvency |
2014 |
2013 |
Variación 2014 - 2013 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Liquidity: |
0,08 |
0,15 |
0,03 |
0,13 |
194,42 |
10,03 |
|
|
Acid Test: |
0,73 |
0,89 |
0,64 |
0,87 |
14,66 |
2,68 |
|
|
Working Capital / Investment: |
0,06 |
0,03 |
0,02 |
0,05 |
154,55 |
-44,30 |
|
|
Solvency: |
1,16 |
1,21 |
1,13 |
1,18 |
3,01 |
2,83 |
|
|
Indebtedness |
2014 |
2013 |
Variación 2014 - 2013 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Indebtedness level: |
1,99 |
1,30 |
1,83 |
1,39 |
9,12 |
-6,50 |
|
|
Borrowing Composition: |
0,03 |
1,17 |
0,04 |
1,01 |
-31,61 |
15,97 |
|
|
Repayment Ability: |
17,24 |
25,09 |
-22,68 |
94,75 |
176,03 |
-73,52 |
|
|
Warranty: |
1,50 |
1,78 |
1,55 |
1,73 |
-2,95 |
2,83 |
|
|
Generated resources / Total creditors: |
0,09 |
0,09 |
0,00 |
0,08 |
|
7,70 |
|
|
Efficiency |
2014 |
2013 |
Variación 2014 - 2013 |
|
|||
|
|
Empresa |
Sector |
Empresa |
Sector |
Empresa |
Sector |
|
|
Productivity: |
1,60 |
2,02 |
1,00 |
1,85 |
59,53 |
9,07 |
|
|
Turnover of Collection Rights : |
4,20 |
5,50 |
4,24 |
4,99 |
-0,82 |
10,25 |
|
|
Turnover of Payment Entitlements: |
3,60 |
3,73 |
3,46 |
3,63 |
4,23 |
2,93 |
|
|
Stock rotation: |
7,07 |
8,83 |
6,60 |
7,34 |
7,18 |
20,27 |
|
|
Assets turnover: |
1,75 |
1,15 |
1,61 |
1,02 |
8,49 |
12,68 |
|
|
Borrowing Cost: |
2,73 |
2,93 |
3,06 |
2,87 |
-10,86 |
1,94 |
|
> Trend of indicators under the General Accounting Plan of 2007
(2014, 2013, 2012, 2011)
|
Cash Flow |
2014 |
2013 |
2012 |
2011 |
|
|
Cash Flow over Sales: |
0,02 % |
-0,02 % |
0,02 % |
0,00 % |
|
|
EBITDA over Sales: |
5,18 % |
0,02 % |
-0,82 % |
0,50 % |
|
|
Cash Flow Yield: |
0,04 % |
-0,03 % |
0,04 % |
0,00 % |
|
|
Profitability |
2014 |
2013 |
2012 |
2011 |
|
|
Operating economic profitability: |
5,51 % |
-3,28 % |
-4,78 % |
-2,22 % |
|
|
Total economic profitability: |
5,38 % |
-3,15 % |
-4,53 % |
-2,67 % |
|
|
Financial profitability: |
6,22 % |
-10,16 % |
-12,17 % |
-8,21 % |
|
|
Margin: |
3,15 % |
-2,04 % |
-2,74 % |
-1,46 % |
|
|
Mark-up: |
2,07 % |
-3,20 % |
-3,67 % |
-2,66 % |
|
|
Solvency |
2014 |
2013 |
2012 |
2011 |
|
|
Liquidity: |
0,08 |
0,03 |
0,07 |
0,00 |
|
|
Acid Test: |
0,73 |
0,64 |
0,74 |
0,80 |
|
|
Working Capital / Investment: |
0,06 |
0,02 |
0,07 |
0,12 |
|
|
Solvency: |
1,16 |
1,13 |
1,17 |
1,20 |
|
|
Indebtedness |
2014 |
2013 |
2012 |
2011 |
|
|
Indebtedness level: |
1,99 |
1,83 |
1,77 |
1,95 |
|
|
Borrowing Composition: |
0,03 |
0,04 |
0,02 |
0,02 |
|
|
Repayment Ability: |
17,24 |
-22,68 |
15,79 |
346,09 |
|
|
Warranty: |
1,50 |
1,55 |
1,56 |
1,51 |
|
|
Generated resources / Total creditors: |
0,09 |
0,00 |
-0,01 |
-0,01 |
|
|
Efficiency |
2014 |
2013 |
2012 |
2011 |
|
|
Productivity: |
1,60 |
1,00 |
0,91 |
1,06 |
|
|
Turnover of Collection Rights : |
4,20 |
4,24 |
4,14 |
2,94 |
|
|
Turnover of Payment Entitlements: |
3,60 |
3,46 |
3,69 |
3,41 |
|
|
Stock rotation: |
7,07 |
6,60 |
7,69 |
6,15 |
|
|
Assets turnover: |
1,75 |
1,61 |
1,75 |
1,52 |
|
|
Borrowing Cost: |
2,73 |
3,06 |
2,90 |
2,02 |
|
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
|
Europa Sur |
|
Acerinox firma el nuevo
convenio colectivo, con vigencia hasta 2018 |
|
Companies related |
|
|
|
20minutos.es |
|
La empresa Atlantic Copper,
seguida de Acerinox, Renault, Cunext Copper y Valeo lideran las exportaciones
en la región |
|
Companies related |
|
VALEO
ILUMINACION SA |
|
ATLANTIC
COPPER SA. |
|
CUNEXT
COPPER INDUSTRIES SL |
Public
Tenders and Works Won
No Public Tenders
assigned to the name of the company.
Detail
of Subsidies appearing in Balances Memories
|
Entity |
ORGANISMO
NO ESPECIFICADO |
|
Status |
CONCEDIDA |
|
Amount
Granted |
739.000,00 |
Research
Summary
This company was incorporated in
2011 and it''s engaged in manufacture of flat stainless steel. It''s turnover
increased by 22,62 % in 2014, vs the previous year. Grupo Acerinox is the first
steel manufacturer in the world. It keeps an active presence in the 5
continents, with sales in more than 80 countries. It meets payment commitments
in a orderly manner.
Sources
Registry of Commerce's Official
Gazette. Own and external data bases Company References
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.57 |
|
UK Pound |
1 |
Rs.101.13 |
|
Euro |
1 |
Rs.71.80 |
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
TRU |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
NB |
New Business |
-- |
|
This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.