DOCSLIB.ORG

Group BMV Annual Report 2006

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

Group BMV Annual Report 2006 14 Mission and Vision 80 Mission and Vision 106 Mission 15 Message from the Chief Executive Officer 81 Message from the Chief Executive Officer 107 Message from the Chief Executive Officer 18 Board of Directors 84 Board of Directors 110 Board of Directors 19 Comittees 85 Comittees 111 Comittees 20 The Securities Market in 2005 86 Primary Activities in 2006 113 Data Highlights 28 Primary Activities in 2006 89 Vision for 2007 114 Primary Activities in 2006 45 Vision for 2007 90 Financial Information 119 Vision for 2007 46 Shareholders and Members 91 Shareholders 120 Financial Information 47 Corporate Officers 93 Corporate Officers 121 Shareholders 48 Facts & Figures 94 S.D. Indeval Facts & Figures 122 Corporate Officers Bolsa Mexicana de Valores S.D. Indeval CCV 126 Mission and Vision 129 Mission and Vision 149 Mission 127 Message from the Chief Executive Officer 130 Message from the Chairman of the 150 Message from the Chief Executive Officer 130 Board of Directors Technical Commitee 151 Board of Directors 131 Comittees 131 Message from the Chief Executive Officer 152 Comittees 132 Primary Activities in 2006 132 Technical Commitee 153 Primary Activities in 2006 135 Market Facts and Figures 133 Subcomittees 154 Vision for 2007 145 Vision for 2007 134 Principales Actividades del 2006 155 Shareholders 146 Shareholders 144 Vision for 2007 156 Corporate Officers 148 MexDer Participants 145 Trustors 150 Corporate Officers 146 Corporate Officers MexDer Asigna Sif Icap 159 Misión y Visión 160 Mensaje del Director General 161 Consejo de Administración 161 Comités 162 Principales Actividades del 2006 168 Visión 2007 169 Accionistas 170 Cuerpo Directivo Index Valmer Companies of Grupo Bolsa Mexicana de Valores Securities Market Bolsa Mexicana de Valores, S.A. de C.V. (Mexican Stock Exchange) S.D. Indeval Institución para el Depósito de Valores, S.A. de C.V. (Central Securities Depository) Contraparte Central de Valores de México, S.A. de C.V. (The Central Counterparty) Derivatives Market MexDer, Mercado Mexicano de Derivados, S.A. de C.V. (Futures and Options Exchange) Asigna, Compensación y Liquidación (The Derivatives Market Clearinghouse) Complementary Activities for the Financial System Sif ICap, S.A. de C.V. (Broker) Valuación Operativa y Referencias de Mercado, S.A. de C.V. (Price Vendor for Financial Instrument Valuation) Other Institutional Activities Bursatec, S.A. de C.V. (Technology and Systems Development) Corporativo Mexicano del Mercado de Valores, S.A. de C.V. (Personnel Services) Sif Icap Servicios, S.A. de C.V. (Personnel Services) Grupo BMV According to the legend, the origin of Chess goes back to a distant kingdom of India, where a powerful Brahman was sunk in a deep sadness by the loss of his son in the battlefield. Mission and Vision Message from the Chairman The companies that make up Grupo BMV are To modernize and strengthen the companies of of the oard of rupo BMV engaged in a variety of activities, and work Grupo BMV; to keep them competitive and help B G together in an integrated and complementary them offer the best services and products in their manner. Each is a fundamental part of the functioning and respective fields; and to ensure that they are well Mdevelopment: of the securities market in Mexico, supporting all Vintegrated: and efficiently manage their resources, so they can its participants--issuers, brokers and investors--in the pursuit create value and build confidence. of their respective objectives. Grupo BMV functions on three fundamental conditions: transparency, efficiency, and solidity. The strategies we are using to modernize and fortify the group These principles contribute to its central mission while helping are aimed at: to maximize the value of the Group. • The market. Encouraging a rising volume of trades in a wider array of instruments, taking advantage of all the opportunities that the opening and globalization of the financial markets bring, and the convergence of trading with the leading international markets. • The group itself. With advanced technology, certification of critical processes and the articulation of synergies in the operating sphere; and sales and marketing in the strategic sphere. • Our strategic partners. Through alliances that maximize our trading capacity and increase our presence in the fastest growing segments of the industry, both within and outside of Mexico. • The general public. To shore up public trust and the reputation of our securities market institutions through a more effective relationship with the media and closer ties with universities and sources of analysis. Message from the Chairman of the Board of Grupo BMV For the companies that make up Grupo BMV, 2006 was a year of intense activity, framed by the objectives set forth in their institutional work programs, the guidelines established by their decision-making bodies, and the entry into effect of a new legal ordinance for the securities market. As in previous years, one of the priority aspects addressed within Grupo BMV, because of the type of activities in which its companies engage, was technological strategy. Some of the central elements that required attention in this sphere were: • The need to continually modernize trading platforms, SIF ICAP, S.A. de C.V., to mention the most representative of equipment and systems; our companies during this past year, continued their efforts and investments in accordance with their plans and needs. • An increased use of what is called program trading (systems tools also known as trading algorithms) by Within its activities of 2006, the Mexican Stock Exchange raised financial institutions and the more technologically its capacity for transmitting data between the Tandem equipment sophisticated clients, to optimize their trading activity, and the SENTRA system, made improvements to trading primarily in the cash and derivatives markets; conditions for bids entered via SETRIB Plus, bolstered schemes • An intensification of trading in world stock markets, in for monitoring brokers’ trading activity, particularly program their clearinghouses and securities depositories; and trading, and installed two new versions of the BMV-SENTRA Capitales system, incorporating significant improvements and • The adoption and implementation of the best corporate additional functions. practices in the area of security, including precise procedures to follow in emergencies or contingency In the area of technology, notable progress was also made situations. toward the design and construction of the new system at S.D. Indeval, which will gradually increase the efficiency and security With these challenges in mind, companies like the Mexican Stock of all trading processes for its users. This is obviously one of Exchange (Bolsa Mexicana de Valores, S.A. de C.V., or BMV), the the biggest challenges facing the institution, and it has been securities depository (S.D. Indeval, S.A. de C.V.), the derivatives working to resolve it in close coordination with depositors and market (MexDer, Mercado Mexicano de Derivados, S.A. de C.V.), with the support of the authorities. the clearinghouse (Asigna, Compensación y Liquidación) and S.D. Indeval has also designed a new communications protocol and begun development of a new graphic interface that will make it easier for users to input trades and navigate through the system in better conditions. Another area of priority this year was to prepare and update Business Continuity Plans, Disaster Recovery Plans, and Business Impact Analysis reports for all the companies of Grupo BMV. In most cases, these documents had already been approved by their respective Boards of Directors, an they had been disseminated to company personnel for implementation and frequent review. In corporate matters, because of its significance for the securities market, special mention should be made of the incorporation of new shareholders and participants into the companies of Grupo BMV. The Mexican Stock Exchange admitted UBS Casa de Bolsa, S.A. de C.V. as a shareholder and full member, and J.P. Morgan Grupo Financiero, J.P. Morgan Grupo Financiero as Full Member. In addition, Base Internacional Casa de Bolsa, S.A. de C.V. and Barclays Capital Casa de Bolsa, S.A. de C.V., Grupo Financiero Barclays México, also joined the exchange as Limited Non-Shareholder Members. In the central securities counterparty (Contraparte Central de Valores de México, S.A. de C.V.), the brokerage firms J.P. Morgan Casa de Bolsa, S.A. de C.V., J.P. Morgan Grupo Financiero, and Casa de Bolsa Credit Suisse (México), S.A. de C.V., Grupo Financiero Credit Suisse (México) were accepted as Settlement Agents. These new arrivals are a clear sign of the interest brokerage firms have in this market, and their confidence in the support institutions that serve it, in a climate strengthened by the new regulatory framework that took effect around the middle of the year. In effect, the new Securities Market Act that now governs the market represents a major step forward for the industry. It establishes new forms of participation in the securities market for issuers and venture capital firms (the latter known as Market Investment Promotion Companies, or SAPIs by their initials in Spanish), offers greater protection for investors, redefines corporate practices and strengtheners corporate governance--all of which are areas in which Mexico to changes in the legal framework for stock exchanges, which some extend lagged behind international standards. allows for the demutualization of
Recommended publications
  • Gfnorte's Executive Team Was Ranked, for Third Year in A

    Gfnorte's Executive Team Was Ranked, for Third Year in A

    GFNORTE'S EXECUTIVE TEAM WAS RANKED, FOR THIRD YEAR IN A ROW, AMONG THE BEST IN MEXICO AND LATIN AMERICA, ACCORDING TO THE INSTITUTIONAL INVESTOR MAGAZINE 27 Sep 2012 The specialized magazine announced the rankings of the “Best Latin America Executive Team 2012”, which were determined through a survey applied to sell-side analysts and buy-side analysts & portfolio managers. The almost 700 participants ranked Dr. Alejandro Valenzuela, Grupo Financiero Banorte's CEO, as the number one in Mexico by sell-side analysts; number two by the buy-side and the third in Latin America. Ing. Rafael Arana, GFNorte's CFO, was ranked fifth and seventh in Latin America by the buy and sell-side, respectively. David Suarez, Head of IR at GFNorte, was rated as the best IR Professional in Latam and Mexico by the sell-side and as the second one by the buy-side in Latin America. The GFNorte Investor Relations area was ranked in the second place in Latin America by the analysts and in the first place in Mexico, by both, buy and sell-side. Mexico, D. F., September 27th, 2012. The Institutional Investor magazine announced the rankings of the “Best Latin America Executive Team 2012”, which were determined through a survey applied to almost 700 sell-side analysts and buy-side analysts & portfolio managers. In the poll, Dr. Alejandro Valenzuela, Grupo Financiero Banorte's CEO, was considered as the best CEO in Mexico by sell-side analysts; number two by the buy-side and the third in Latin America. Furthermore Ing. Rafael Arana, GFNorte's CFO, was ranked fifth and seventh in the regional survey, having been incorporated less than a year ago.
  • III. Emisión De Títulos De Deuda Y Gobernanza Corporativa En El Brasil: Un Análisis Multicasos

    III. Emisión De Títulos De Deuda Y Gobernanza Corporativa En El Brasil: Un Análisis Multicasos

    Documento de proyecto Gobernanza corporativa en el Brasil, Colombia y México La determinación del riesgo en la emisión de instrumentos de deuda corporativa Georgina Núñez Andrés Oneto (Coordinadores) Comisión Económica para América Latina y el Caribe (CEPAL) Este material de trabajo, resultado de una tarea conjunta de la Comisión Económica para América Latina y el Caribe (CEPAL), CAF-banco de desarrollo de América Latina y el Banco Interamericano de Desarrollo (BID), ha sido financiado por el BID, CAF y la CEPAL. Las opiniones expresadas en esta publicación, que no ha sido sometida a edición oficial, son de exclusiva responsabilidad de los autores y podrían no coincidir con las de las organizaciones mencionadas. Nuestros agradecimientos a Maria Helena Dos Santos Fernandes de Santana, presidenta de la Comissão de Valores Mobiliários do Brasil, y a João Carlos Ferraz, vicepresidente del Banco Nacional para el Desarrollo Económico y Social del Brasil (BNDES), por el apoyo oficial brindado a este proyecto. Un agradecimiento a Daniel Blume, administrador principal, Mesa Redonda sobre Gobierno Corporativo en América Latina de la Organización de Cooperación y Desarrollo Económicos (OCDE), por el apoyo oficial brindado a este proyecto. Un agradecimiento a Mario Marcel, director adjunto, Dirección de Administración Pública y Desarrollo Territorial de la secretaría de la OCDE, a Leonardo Villar, Vicepresidente de Estrategias de Desarrollo y Políticas Públicas de CAF, y a Michael Penfold, Director de Políticas Públicas y Competitividad de CAF, por sus valiosos comentarios al documento, así como los de Inés Bustillo, directora de la Oficina de la CEPAL en Washington, D.C. y los de Leticia Riquelme, de la Representación del BID en México.
  • May 26, 2015 Bolsa Movers & Shakers

    May 26, 2015 Bolsa Movers & Shakers

    Bolsa Movers & Shakers May 26, 2015 . HOMEX (Not Rated): Will have shareholders’ meeting to advance in bankruptcy proceedings. HOMEX will have a shareholders’ meeting on June 11th at which it will propose, among other things: i) an inverse split; ii) liability capitalization; iii) increase in variable common equity, which would be represented as new stock for investors. We believe HOMEX continues making progress in its liability restructuring proceedures. We will remain up to date on the company’s progress. MEGA (HOLD; TP MP 70.0): Favorable Outlook in the Enterprise and Triple Play Businesses Already Priced In We estimate that the Mexican enterprise networks market will expand at a 15% annual rate to exceed MP 95 billion by 2018 supported on a stronger macroeconomic performance. This rate of growth is quite significant if we take into account that other telecommunications segments, such as the traditional fixed and wireless telephone services, are declining or stagnating. Enterprise sales could reach 24% of Megacable’s total revenue. If we assume that Megacable’s share of the enterprise networks market reaches 5% in 2018 (slightly up from 4% in 2014), its data transmissions revenue would increase at a 40% CAGR to around MP 4.8 billion in order to represent around 24% of its total revenue (vs. 15% in 1Q15). In other words, this is one of Megacable’s main sources of growth for the next few years. With respect to Megacable’s traditional triple play operations, we continue to believe that their outlook is optimistic, mainly because of a low penetration of this type of services.
  • Comunicado De Prensa 78-2016.Pdf

    Comunicado De Prensa 78-2016.Pdf

    – – – – Evaluación Calificación Estatus Final De 80% a 100% Calidad Buena De 51% a 79% Calidad Regular Menor o igual a 50% Calidad Deficiente Instrumento No. de emisoras Verde Amarillo Rojo Acciones 137 124 5 8 Deuda a largo plazo 66 66 - - FIBRAs* 11 11 - - CKDs 55 55 - - Total 269 256 5 8 * Incluye un fideicomiso hipotecario. Nota: La calificación que obtuvo cada una de las emisoras evaluadas se detalla en el Anexo 1 de este comunicado. , Clave de Razón Social de la emisora (ACCIONES) Calificación Pizarra Accel, S.A.B. de C.V. ACCELSA 100 Alfa, S.A.B. de C.V. ALFA 100 Alpek, S.A.B. de C.V. ALPEK 100 América Móvil, S.A.B. de C.V. AMX 100 Arca Continental, S.A.B. de C.V. AC 100 Axtel, S.A.B. de C.V. AXTEL 100 Banregio Grupo Financiero, S.A.B. de C.V. GFREGIO 100 Bio Pappel, S.A.B. de CV PAPPEL 100 Bolsa Mexicana de Valores, S.A.B. de C.V. BOLSA 100 Casa de Bolsa Finamex, S.A.B. de C.V. (3) FINAMEX 100 Cemex, S.A.B. de C.V. CEMEX 100 CMR, S.A.B. de C.V. CMR 100 Coca-Cola FEMSA, S.A.B. de C.V. KOF 100 Compañia Minera Autlan, S.A.B. de C.V. AUTLAN 100 Consorcio Ara, S.A.B. de C.V. ARA 100 Consorcio Aristos, S.A.B. de C.V. ARISTOS 100 Controladora Vuela Compañía de Aviación, S.A.B. de C.V. VOLAR 100 Convertidora Industrial, S.A.B.
  • Lista De Entidades Autorizadas Para Captar Emisoras

    Lista De Entidades Autorizadas Para Captar Emisoras

    Lista de Entidades Autorizadas para Captar Emisoras Clave Clave No. Razón Social Captación No. Razón Social Captación PES PES ACCIONES Y VALORES BANAMEX, S.A. Investa Bank, S.A., Institución de Banca 25 126 Si 1 2 DE C.V., CASA DE BOLSA, INTEGRANTE Si Múltiple DEL GRUPO FINANCIERO BANAMEX. BANCO NACIONAL DE COMERCIO GRUPO FINANCIERO INBURSA, S.A.B. EXTERIOR, SOCIEDAD NACIONAL DE 38 Si 128 Si 2 DE C.V. 26 CRÉDITO, INSTITUCIÓN DE BANCA DE DESARROLLO GRUPO FINANCIERO BANORTE, S.A.B. 40 Si 3 DE C.V. Banco Nacional de Obras y Servicios 129 Públicos, Sociedad Nacional de Crédito, Si GRUPO FINANCIERO BANCRECER, S.A. 27 41 Si Institución de Banca de Desarrollo 4 DE C.V. Nacional Financiera, Sociedad Nacional CASA DE BOLSA FINAMEX, S.A.B. DE 42 Si 130 de Crédito, Institución de Banca de Si 5 C.V. 28 Desarrollo 6 62 BANCO NACIONAL DE MEXICO, S.A. Si Banco Nacional del Ejército, Fuerza Aérea y Armada, Sociedad Nacional BANCO SANTANDER (MEXICO), S.A., 29 133 Si INSTITUCION DE BANCA MULTIPLE, de Crédito, Institución de Banca de 67 Si 7 GRUPO FINANCIERO SANTANDER Desarrollo MEXICO ALMACENADORA AFIRME, S.A. DE 8 70 HSBC MEXICO, S.A. Si 30 173 C.V., ORGANIZACION AUXILIAR DEL Si CREDITO, AFIRME GRUPO FINANCIERO Scotiabank Inverlat, S.A., Institución 9 72 de Banca Múltiple, Grupo Financiero Si AF Banregio, S.A. de C.V., Sociedad Scotiabank Inverlat 31 204 Financiera de Objeto Múltiple, Entidad Si Regulada 75 BBVA BANCOMER, S.A. Si 10 ARRENDADORA AFIRME, S.A.
  • Sectoral Analytical, Investable Sector and Economic Activity Indices Constituent’S Review Official Number of Shares - March 2016

    Sectoral Analytical, Investable Sector and Economic Activity Indices Constituent’S Review Official Number of Shares - March 2016

    Sectoral Analytical, Investable Sector and Economic Activity Indices Constituent’s Review Official Number of Shares - March 2016 February 26th, 2016. BOLSA MEXICANA DE VALORES S.A.B. DE C.V. INFORMS: The official number of shares that will be part of the constituent´s list of the Sectoral Analytical, Investable Sector and Economic Activity indices, as a result of the annual constituent’s review which will be effective on March 1st 2016. SECTORAL ANALYTICAL MATERIALS Shares in the No. Issuer Series Index 1 ALPEK A 2,118,163,635 2 AUTLAN B 259,538,441 Additions: 3 CEMEX CPO 13,466,237,739 ALPEK A 4 CMOCTEZ * 880,311,796 ELEMENT * 5 COLLADO * 192,395,450 LAMOSA * 6 CONVER A 80,179,418 MFRISCO A-1 7 CYDSASA A 600,000,000 TEAK CPO 8 ELEMENT * 873,743,820 9 GCC * 332,535,508 10 GMEXICO B 7,785,000,000 Deletions: 11 ICH B 427,427,458 FRES * 12 LAMOSA * 378,969,682 TS * 13 MEXCHEM * 2,100,000,000 14 MFRISCO A-1 2,545,382,864 15 PAPPEL * 289,958,522 16 PE&OLES * 397,475,747 17 POCHTEC B 130,522,049 18 SIMEC B 485,389,593 19 TEAK CPO 268,326,159 20 VITRO A 483,571,429 The information herein contained does not guarantee the future behavior of the values mentioned, nor it constitutes buy / sell advice. Mexican Stock Exchange will not take any responsibility on the use given to this information, nor the decisions made based on it. For more information on MSE indices’ reviews and rebalances, please refer to the website: http://www.bmv.com.mx/en/Grupo_BMV/Informacion_especial For the Indices Team Contact information please refer to: http://www.bmv.com.mx/en/Grupo_BMV/Contacto INDUSTRIALS Shares in the No.
  • Striving to Overcome the Economic Crisis: Progress and Diversification of Mexican Multinationals’ Export of Capital

    Striving to Overcome the Economic Crisis: Progress and Diversification of Mexican Multinationals’ Export of Capital

    Striving to overcome the economic crisis: Progress and diversification of Mexican multinationals’ export of capital Report dated December 28, 2011 EMBARGO: The contents of this report cannot be quoted or summarized in any print or electronic media before December 28, 2011, 7:00 a.m. Mexico City; 8:00 a.m. NewYork; and 1 p.m. GMT. Mexico City and New York, December 28, 2011: The Institute for Economic Research (IIEc) of the National Autonomous University of Mexico (UNAM) and the Vale Columbia Center on Sustainable International Investment (VCC), a joint initiative of the Columbia Law School and the Earth Institute at Columbia University in New York, are releasing the results of their third survey of Mexican multinationals today. 1 The survey is part of a long-term study of the rapid global expansion of multinational enterprises 2 (MNEs) from emerging markets. The present report focuses on data for the year 2010. Highlights In 2010, the top 20 Mexican MNEs had foreign assets of USDD 123 billion (table 1 below), foreign sales of USDD 71 billion, and employed 255,340 people abroad (see annex table 1 in annex I). The top two firms, America Movil and CEMEX, together controlled USDD 85 billion in foreign assets, accounting for nearly 70% of the assets on the list. The top four firms (including FEMSA and Grupo Mexico) jointly held USDD 104 billion, which represents almost 85% of the list’s foreign assets. Leading industries in this ranking, by numbers of MNEs, are non-metallic minerals (four companies) and food and beverages (another four companies).
  • Our First Century 1909

    Our First Century 1909

    2009 Annual Report Our First Century Our First Century 1909 2009 Annual Report Vitro 2009 It all began 100 years ago… On December 6, 1909, a group of visionary businessmen created Vidriera Monterrey, laying the groundwork for the glass industry to become a reality in Mexico. This seed has grown today to become one of the leading glass manufacturing companies in the world. Vitro’s importance in the industry is no coincidence. Over the last century, the Company has faced innumerable challenges but has also had the foresight to capitalize on many impor- tant opportunities. In 2009 Vitro celebrated its First Century. Today we can proudly say that the Company’s corporate philosophy, ideology and the strong foundation of beliefs and values inherited from its founders and predecessors, combined with its employees commitment and dedication throughout their years, Vitro will not only succeed but will maintain and strengthen the confidence of customers, suppliers and community in the future ahead. Vitro is preparing to celebrate many more centuries as one of the world’s largest suppliers. 1 At Vitro, our Mission, Vision and Values are the foundations that give meaning to everything we do within the Company; they represent the key elements that encompasses the image projected to the world. 8 1 7 6 2 3 4 5 United States of America Bolivia 1 One of the leading processors and distributors of architectural glass; automotive 5 Producer and distributor of glass containers for the soft drink, beer, food, wine replacement glass, distribution and installation, and an important supplier of and liquor, and pharmaceutical industries.
  • Comunicado Prensa Indicador

    Comunicado Prensa Indicador

    . – – – – . Evaluación Calificación Estatus Final De 80% a 100% Calidad Buena De 51% a 79% Calidad Regular Menor o igual a 50% Calidad Deficiente Instrumento No. de emisoras Verde Amarillo Rojo Acciones 136 121 4 11 Deuda largo plazo 64 56 7 1 FIBRAs* 11 11 - - CKDs 54 49 5 - Total 265 237 16 12 * Incluye un fideicomiso hipotecario. Clave de Razón Social de la emisora (ACCIONES) Calificación Pizarra Alfa, S.A.B. de C.V. ALFA 100 Alpek, S.A.B. de C.V. ALPEK 100 América Móvil, S.A.B. de C.V. AMX 100 Arca Continental, S.A.B. de C.V. AC 100 Axtel, S.A.B. de C.V. AXTEL 100 Bio Pappel, S.A.B. de CV PAPPEL 100 Bolsa Mexicana de Valores, S.A.B. de C.V. BOLSA 100 Cemex, S.A.B. de C.V. CEMEX 100 CMR, S.A.B. de C.V. CMR 100 Coca-Cola FEMSA, S.A.B. de C.V. KOF 100 Compañía Minera Autlan, S.A.B. de C.V. AUTLAN 100 Consorcio Ara, S.A.B. de C.V. ARA 100 Consorcio Hogar, S.A.B. de C.V. HOGAR 100 Controladora Vuela Compañía de Aviación, S.A.B. de C.V. VOLAR 100 Convertidora Industrial, S.A.B. de C.V. CONVER 100 Corporación Actinver, S.A.B. de C.V. ACTINVR 100 Corporación Inmobiliaria Vesta, S.A.B. de C.V. VESTA 100 Corporación Moctezuma, S.A.B. de C.V. CMOCTEZ 100 Corporativo Fragua, S.A.B. de C.V. FRAGUA 100 Corporativo GBM, S.A.B.
  • Wal-Mart De Mexico, S

    Wal-Mart De Mexico, S

    WAL-MART DE MÉXICO, S.A.B. DE C.V. BLVD. MANUEL AVILA CAMACHO # 647, COLONIA PERIODISTAS DELEGACION MIGUEL HIDALGO, ZIP. 11220 MEXICO, D.F. PH. (52) 55 5283-0100 www.walmartmexico.com.mx REPRESENTATIVE SHARES OF CAPITAL STOCK FOR WAL-MART DE MÉXICO, S.A.B. DE C.V., ARE: COMMON REGISTERED NO-PAR VALUE TICKER SYMBOL: WALMEX SAID SHARES ARE REGISTERED WITH THE NATIONAL REGISTRY FOR SECURITIES AND ARE TRADED IN THE MEXICAN STOCK EXCHANGE. REGISTRATION WITH THE NATIONAL REGISTRY FOR SECURITIES DOES NOT IMPLY CERTIFICATION REGARDING THE SOUNDNESS OF THE SECURITY OR THE FINANCIAL STANDING OF THE ISSUER, OR ACCURACY OR VERACITY OF THE INFORMATION CONTAINED IN THE PROSPECT, NOR DOES IT CONFIRM ANY ACTIONS THAT MAY, OR MAY NOT, HAVE BEEN CONDUCTED IN VIOLATION OF THE LAW. ANNUAL REPORT PRESENTED IN KEEPING WITH GENERAL PROVISIONS APPLICABLE TO SECURITIES ISSUERS AND OTHER MARKET PLAYERS: YEAR ENDING DECEMBER 31, 2009. TABLE OF CONTENTS 1) GENERAL INFORMATION.................................................................4 A) GLOSSARY OF TERMS AND DEFINITIONS ........................................................................... 4 B) EXECUTIVE SUMMARY............................................................................................................ 6 I) WALMEX IN THE STOCK MARKET............................................................................................ 7 C) RISK FACTORS............................................................................................................................ 7 D) OTHER SECURITIES
  • Industria Del Álcali, S.A. De C.V. Welcome!

    Industria Del Álcali, S.A. De C.V. Welcome!

    Industria del Álcali, S.A. de C.V. Welcome! Industria del Alcali, S. A. de C. V. is a subsidiary of Vitro, SAB de C.V., a Mexican Corporation. Industria del Alcali opened its doors in 1942. Vitro’s History We are backed by over 100 years of experience... 1909 1909 1929 1935 1935 Vidriera Monterrey, the first Glass The first Flat Glass Factory is inaugurated, The Company starts exporting products Containers plant, starts operations in in Nuevo León. to other Latin American countries. Monterrey, Nuevo León. 1943 1942 1943 1968 1968 It is created what today is known as Fabricación de Máquinas, S.A., starts its The first line of float glass starts in Industria del Álcali to produce raw operations in order to develop in house Vidrio Plano de Mexico, S.A. materials. industrial technology. 1974 1974 1981 1985 Vitro is listed in the Mexican Stock Vidrio Plano, S.A. de C.v. installs a float Located in Texas Vitro Packaging is Exchange. glass plant in García, Nuevo León. born for the sale and distribution of glass containers in the U.S. 1991 1995 1996 MUVi - Glass Museum opened its doors to Vitro acquires Vidrio Lux, the largest glass Vitro Colombia is created to produces record, preserve and promote the container producer in Bolivia. and distributes automotive and history of glass. architectual glass. 2007 2008 2011 2011 Starts operations one of the world´s Vitro obtains for the first time the label: Vitro receives for the first time the largest glass containers plants towards Socially Responsible Company. Sustainable Business Seal by the meeting the requirements of the CFT Mexican Stock Exchange.
  • Las Opiniones Y Los Contenidos De Los Trabajos Publicados Son

    Las Opiniones Y Los Contenidos De Los Trabajos Publicados Son

    Red Internacional de Investigadores en Competitividad Memoria del VII Congreso ISBN 978-607-96203-0-2 Las opiniones y los contenidos de los trabajos publicados son responsabilidad de los autores, por tanto, no necesariamente coinciden con los de la Red Internacional de Investigadores en Competitividad. Esta obra por la Red Internacional de Investigadores en Competitividad se encuentra bajo una Licencia Creative Commons Atribución-NoComercial-SinDerivadas 3.0 Unported. Basada en una obra en riico.net. Evaluación de las mediciones anuales del capital intelectual en las emisoras del Índice de Precios y Cotizaciones de 2008 a 2012. ANSELMO SALVADOR CHÁVEZ CAPÓ1 MARÍA JOSEFINA RIVERO-VILLAR* TITO LIVIO DE LA TORRE HIDALGO* Resumen En la Economía del Conocimiento, los recursos intangibles tienen potencial para crear valor denominándoseles capital intelectual, que mide el valor de la empresa en sus distintos ámbitos: personas, organización y mercado. La medición del capital intelectual se efectúa desde múltiples perspectivas. Sveiby (2010) propuso cuatro categorías para medir los intangibles: métodos directos de capital intelectual, métodos de capitalización de mercado, rendimientos sobre los activos y métodos Scorecard donde el Valor Agregado de Mercado (VAM) es el más representativo. El objetivo de esta investigación, no experimental, cuantitativa, longitudinal y descriptiva es evaluar las mediciones anuales realizadas del capital intelectual por el método del VAM en las emisoras que permanecieron en el Índice de Precios y Cotizaciones de 2008 a 2012, concluyendo que las empresas más afectadas pertenecen al ramo de la construcción, al no superar la crisis del 2008, su VAM y su relación Valor de Mercado/Valor en Libros permanece baja.