natgillin/translations-raw huggingface dataset:
It thus held that the Commission was right in concluding that an undertaking with negative registered capital was a firm in difficulty, irrespective of the highly specific provisions of the Guidelines.
Komisija še opozarja, da na podlagi ustaljene sodne prakse [13] taki „kazalniki“ niso niti kumulativni niti izčrpni ter da ni najmanjšega števila kazalnikov, ki morajo obstajati, da je to merilo izpolnjeno.
In the alternative, the Commission notes that, at the time the aid was granted, AFR also fitted the definition of a firm in difficulty given in point 11 of the Guidelines, which states that, even when none of the circumstances set out in point 10 are present, a firm may still be considered to be in difficulty, in particular where the usual signs of a firm being in difficulty are present, such as increasing losses and diminishing turnover.
Komisija glede tega opozarja (kot izhaja iz tabele v uvodni izjavi 15), da se je družba AFR od leta 2001 srečevala s stalnim upadanjem prometa in stalnimi izgubami.
However, point 11 of the Guidelines does stipulate that a firm in difficulty is eligible only where, demonstrably, it cannot recover through its own resources or with the funds it obtains from its owners/shareholders or from market sources.
To so značilni znaki podjetja v težavah v smislu točke 11 Smernic.
This provision is therefore a reminder that the status of a firm in difficulty must be determined in the light of all the relevant indicators, but with significant weight being given to the firm's ability to recover without state intervention.
Komisija je v odločitvi o sprožitvi formalnega postopka preiskave že navedla te znake v podporo svoji uvodni ugotovitvi, da je družba AFR podjetje v težavah.
The Commission further notes that, in accordance with settled case-law [13], such ‘symptoms’ are neither exhaustive nor cumulative and that there is no minimum number of indicators which must exist for the criteria to be fulfilled.
Poleg tega negativno gibanje finančnega položaja družbe AFR izhaja iz dejstva, da podjetje od januarja 2004 ni moglo pravočasno plačati dolgovanih prispevkov za socialno varnost in davkov v višini 4,3 milijona EUR ter je moralo zato zaprositi za moratorij in pripravo načrta za poravnavo dolga pristojnim organom.
In this regard, the Commission notes (as is clear from the table in recital 15) that, from 2001, AFR experienced a steady decline in turnover and persistent losses.
Glavna dejstva, ki jih je navedla Francija in bi lahko bila nasprotni dokazi, so posojila, odobrena družbi AFR (odobreni limit na tekočem računu in predplačila), in dejstvo, da je družba AFR dobila določena jamstva od […].
These are signs of a firm in difficulty within the meaning of point 11 of the Guidelines.
Komisija meni, da je treba te znake upoštevati pri v točki 11 Smernic zahtevani preiskavi sposobnosti podjetja, da si opomore ob pomoči sredstev, ki bi jih lahko pridobilo na finančnem trgu.
In its decision to initiate the formal investigation procedure, the Commission had already noted these signs in support of its preliminary conclusion that AFR was a firm in difficulty.
Komisija v zvezi s tem ugotavlja naslednje:
Moreover, the negative trend in AFR's financial situation is clear from the fact that, from January 2004 onwards, the firm was unable to pay by the due date taxes and social security contributions totalling EUR 4,3 million and therefore needed to ask the competent authorities for a moratorium and an arrangement to clear the debt.
iz dejstva, da je družba AFR imela negativen lastniški kapital, izhaja, da ni mogla rešiti težav z lastnimi sredstvi,
The principal elements cited by France that might constitute signs to the contrary are the loans granted to AFR (current account overdraft and advance payments) and the fact that AFR had received certain guarantees from […].
francoski organi so navedli, da delničarka družbe AFR, Arbel SA, kljub vložkom za pomoč družbi AFR, ni mogla sama zagotoviti sanacije svoje hčerinske družbe,
The Commission considers that these signs should be taken into account in the assessment, required by point 11 of the Guidelines, of the firm's ability to recover with the funds that it may have been able to obtain from market sources.
glede finančnih tržnih virov je treba ugotoviti, da posojila in jamstva, ki jih je navedla Francija, dokazujejo kvečjemu, da je družba AFR ohranila določeno sposobnost pridobiti omejena kratkoročna posojila.
In this respect, the Commission notes that:
Vendar zaradi obsega težav družbe AFR in zlasti njenih potreb po lastniškem kapitalu na podlagi navedenih posojil ni mogoče ugotoviti, da bi družba AFR lahko rešila svoje težave s pomočjo financiranja, ki bi ga dobila pri tržnih virih.
the fact that AFR had negative capital and reserves suggests that it was unable to overcome its difficulties with its own resources,
Prav zato je bil potreben finančni poseg Regije in Communauté.
the French authorities indicated that AFR's shareholder, Arbel SA, despite the support it provided to AFR, was unable on its own to ensure the recovery of its subsidiary,
Kar zadeva sanacijske ukrepe, ki jih je družba AFR izvedla od leta 2004, Komisija najprej navaja, da je na podlagi Smernic izvedba ukrepov za prestrukturiranje pogoj za združljivost pomoči, če so zadevni ukrepi skladni s Smernicami.
with regard to financial market sources, the loans and guarantees cited by France mean at the most that AFR still had some ability to obtain limited amounts of short-term credit.
Vendar ni nujno, da ti ukrepi vplivajo na opredelitev podjetja za podjetje v težavah, saj se ta vidik analizira posebej, in sicer na podlagi finančnega stanja prejemnika v času odobritve pomoči.
However, given the extent of AFR's difficulties, particularly its need for capital and reserves, the loans cited are not sufficient to conclude that AFR could have resolved its difficulties with funds from market sources.
Ta analiza se večinoma opravi na podlagi najnovejših računovodskih podatkov, sprejetih za podjetje.
It was, moreover, for this reason that the regional authorities and the Communauté were obliged to step in financially.
V obravnavanem primeru so to podatki za računovodsko leto 2004, katerih analiza zaradi navedenih razlogov privede do sklepa, da je bila družba AFR v času odobritve pomoči v težavah.
As for the recovery measures implemented by AFR from 2004, the Commission observes, first, that the implementation of restructuring measures constitutes a condition for the compatibility of aid in relation to the Guidelines, providing that the measures comply with the Guidelines.
Francoski organi (in tožeči stranki, ki sta vložili tožbo zoper prvotno odločbo) so trdili, da naj bi imeli sanacijski ukrepi družbe AFR v mesecih pred odobritvijo vračljivih predplačil pozitivne učinke.
They do not, however, necessarily affect the status of firm in difficulty, which is assessed on the financial soundness of the beneficiary at the time when the aid is granted.
Vendar Komisija ugotavlja, da so učinki, navedeni v podporo tej trditvi, skromni in negotovi ter zadevajo sorazmerno kratko obdobje.
The assessment is essentially carried out using the most recent accounts established by the undertaking.
Poleg tega ostaja čisti rezultat podjetja krepko negativen.
In the present instance, the data for the 2004 financial year were used, giving rise, for the reasons mentioned above, to the conclusion that AFR was in difficulty at the time when the aid was granted.
Teženj, ki jih navajajo francoski organi – če jih primerjamo z dejavniki, ki kažejo na hude težave, ki so ogrožale kratkoročno ali srednjeročno preživetje podjetja (med katerimi je zlasti dejstvo, da je bil lastniški kapital družbe AFR že od leta 2001 negativen, kar je zelo očiten znak, ki zadeva dolgo obdobje) – ni mogoče šteti za resne znake sanacije finančnega stanja družbe AFR.
The French authorities (and the applicants who filed the challenge to the original decision) have argued that AFR's recovery measures had brought positive results in the months leading up to the granting of the repayable advances.
Na podlagi navedenih teženj torej ni mogoče ovreči zelo očitnih znakov, ki dokazujejo, da je bila družba AFR res podjetje v težavah.
The Commission notes, nonetheless, that the results referred to in support of this argument were limited, haphazard and concerned a relatively short period of time.
Zato je treba ugotoviti, da je družba AFR, ko ji je bila odobrena pomoč, imela hude finančne težave, ki so ogrožale njeno kratkoročno ali srednjeročno preživetje, in da tega ni mogla ustaviti brez posredovanja javnih organov.
In addition, the undertaking continued to post a sizeable net loss.
Komisija torej ob upoštevanju zgornjih ugotovitev in zlasti finančnih rezultatov, navedenih v uvodni izjavi 15, meni, da je bila družba AFR podjetje v težavah v smislu točke 10 Smernic in podredno v smislu točke 11 Smernic, ko sta ji bili odobreni vračljivi predplačili.
Compared to the evidence attesting to severe difficulties which threatened the survival of the firm in the short or medium term, in particular the fact that AFR had had negative capital and reserves since 2001 (a very significant indicator covering a long period), the trends cited by the French authorities cannot be regarded as serious indications of a recovery in AFR's financial situation.
Komisija zaradi težav, s katerimi se je srečevala družba AFR, meni, da ta na kreditnem trgu ni mogla pridobiti sredstev pod tako ugodnimi pogoji.
Accordingly, it must be concluded that, at the time the aid was granted, AFR was in serious financial difficulties that threatened its survival in the short or medium term and that it was not in a position to address those difficulties without help from the public authorities.
Zadevni predplačili sta torej prinesli ugodnost družbi AFR, saj sta ji omogočili financiranje pod ugodnejšimi pogoji, kot bi jih lahko dobila na kreditnem trgu.
The Commission therefore takes the view, in the light of the above observations and, in particular, of the financial results shown in recital 15, that AFR was a firm in difficulty within the meaning of point 10 and, in the alternative, of point 11 of the Guidelines at the time the repayable advances were granted.
Vpliv na trgovino in konkurenco
Given the difficulties experienced by AFR, the Commission considers that AFR would not have been able to obtain funds on such advantageous terms on the credit market.
Vračljivi predplačili dajeta prednost družbi AFR pred drugimi podjetji, ki so v podobnem položaju, ker sta namenjeni izključno njej.
The advances in question thus conferred an advantage on AFR by providing it with finance on more favourable terms than it would have been able to obtain on the credit market.
Značilnosti sektorja proizvodnje železniških tirnih vozil sta prisotnost več evropskih gospodarskih subjektov in trgovina znotraj Unije.
Effect on trade and competition
Ugodnost, odobrena družbi AFR, torej lahko izkrivlja konkurenco in trgovino med državami članicami.
The repayable advances confer an advantage on AFR in relation to other firms in a similar situation in that they are available only to AFR.
Sklepna ugotovitev
The railway rolling stock manufacturing sector is characterised by the presence of several European operators and by trade within the European Union.
Komisija ob upoštevanju zgornjih ugotovitev meni, da sta vračljivi predplačili, odobreni družbi AFR, državna pomoč v smislu člena 107(1) PDEU.
Consequently, the advantage conferred on AFR is likely to distort competition and trade between Member States.
Znesek pomoči
Conclusion
V primeru pomoči, odobrene v obliki posojil podjetjem v težavah, je pomoč razlika med dejansko zaračunanimi obrestmi in obrestmi, kot bi jih upravičeno podjetje lahko plačalo, če bi dobilo isto posojilo na zasebnem trgu.
In the light of the above observations, the Commission considers that the repayable advances granted to AFR constitute state aid within the meaning of Article 107(1) of the TFEU.
Komisija na podlagi Obvestila o referenčnih obrestnih merah iz leta 1997 določa referenčne obrestne mere, ki naj bi kazale raven povprečnih obrestnih mer, ki se zahtevajo na trgu za srednjeročna in dolgoročna posojila z običajnim poroštvom.
Amount of the aid
V navedenem obvestilu je še poudarjeno, da je referenčna obrestna mera najnižja obrestna mera, ki se lahko poviša v položajih, ki vključujejo posebno tveganje, če je na primer podjetje v težavah ali ne obstajajo poroštva, ki jih navadno zahtevajo banke.
In the case of aid granted in the form of loans to firms in difficulty, the aid element is made up of the difference between the interest rate actually applied and the interest rate at which the beneficiary company could have obtained the same loan on the open market.
V takih primerih se lahko osnova poveča za 400 odstotnih točk ali več.
In line with the 1997 notice on reference rates, the Commission calculates reference rates which are supposed to reflect the level of market rates of interest for medium and long-term loans, backed by normal security.
V Obvestilu o referenčnih obrestnih merah iz leta 1997 ni natančno opredeljeno, ali je mogoče različne pribitke na tveganje ob upoštevanju različnih tveganj kumulirati.
The notice also stressed the fact that the reference rate constitutes a floor rate, which can be raised in situations implying a particular risk, for example when a firm is in difficulty or when the normal security required by banks is not forthcoming.
Čeprav navedeno kumuliranje ni izključeno, mora Komisija v svoji odločbi obrazložiti metodo, ki jo je uporabila za kumuliranje posameznih pribitkov na tveganje, in sicer na podlagi analize prakse na finančnih trgih [14].
In such cases, the rate can be raised by a premium of 400 basis points or more.
Revizijska družba Deloitte & Touche Wirtschaftsprüfungsgesellschaft GmbH je leta 2004 za Komisijo opravila študijo [15] (v nadaljnjem besedilu: študija).
The 1997 notice on reference rates did not indicate whether different risk premiums could be added together to reflect various risks.
V njej so na podlagi empirične raziskave opredeljeni pribitki, ki jih je mogoče ugotoviti na trgu za različne kategorije tveganj v zvezi s podjetji ali transakcijami (z različnimi poroštvi).
Although a combination of different risk premiums cannot be ruled out, the Commission, in its decision, has to provide reasons for the method used in adding them together by way of analysis of common practice on the financial markets [14].
Študija jasno kaže, da se hkratni obstoj različnih vidikov tveganj (plačilna sposobnost upnika, poroštva) udejanji kot povečanje, ki ga je treba dodati osnovni obrestni meri.
In 2004, the auditors Deloitte & Touche GmbH Wirtschaftsprüfungsgesellschaft wrote a report [15] for the Commission (hereinafter ‘the report’).
Komisija je na podlagi te študije v Sporočilu o spremembi metode določanja referenčnih obrestnih mer in diskontnih stopenj iz leta 2008 [16] (v nadaljnjem besedilu: Sporočilo o referenčnih obrestnih merah iz leta 2008) dodelala in podrobno opredelila svoj pristop v zvezi z izračunom elementa pomoči v posojilih.
On the basis of empirical research, the report ascertained the premiums prevailing on the market for various categories of risks relating to undertakings and transactions (backed by variable security).
To sporočilo kaže metodo, priporočeno v navedeni študiji, in določa, da se osnovna obrestna mera različno poveča glede na plačilno sposobnost podjetja in ponujena poroštva.
The report clearly demonstrated that the simultaneous combination of different risk factors (borrower solvency, security) resulted in various premiums which had to be added to the base rates.
Treba je ugotoviti, da se opredelitev elementa pomoči v ukrepih navezuje na pojem državne pomoči, iz ustaljene sodne prakse Sodišča pa izhaja, da „[p]ojem državne pomoči […] odgovarja objektivnemu stanju, ki se presoja na dan, ko Komisija sprejme odločbo“ [17].
Following this report, the Commission's approach to calculating the aid element in loans was revised and fine-tuned in its 2008 Communication on the revision of the method for setting the reference and discount rates [16] (hereinafter ‘the 2008 Communication on reference rates’).
Zato Komisija meni, da je ustrezna metoda za opredelitev elementa pomoči metoda iz Sporočila o referenčnih obrestnih merah iz leta 2008 in da je treba zadevne ukrepe preučiti na podlagi tega sporočila.
This Communication reflected the method advocated by the report and allowed for the addition of various premiums to base rates, depending on both the solvency of the undertaking and the security provided.
V Sporočilu o referenčnih obrestnih merah iz leta 2008 je določeno, da mora povečanje, da je mogoče izključiti obstoj državne pomoči v primeru podjetja v težavah, ki ponuja nizko raven poroštev, znašati 1000 odstotnih točk.
And there is reason to note that in determining the aid element of the measures reference must be made to the concept of state aid and that, according to the settled jurisprudence of the Court of Justice, ‘the concept of State aid must be applied to an objective situation, which must be appraised on the date on which the Commission takes its decision’ [17].
Iz oddelka 5.1.3 izhaja, da je bila po mnenju Komisije družba AFR v času, ko so bili odobreni ukrepi (pomoči), podjetje v težavah.
Consequently, the Commission takes the view that the appropriate method for determining the aid element is that contained in the 2008 Communication on reference rates and aims to assess the measures in question in the light of that Communication.
Komisija poleg tega ugotavlja, da za zavarovanje vračljivih predplačil ni bilo ponujeno nobeno poroštvo in je zato treba raven poroštev opredeliti kot nizko.
The 2008 Communication on reference rates stipulated that a premium ruling out the existence of state aid in the case of a firm in difficulty providing a low level of security would amount to 1000 basis points.
Element pomoči se torej načeloma ujema z razliko med osnovno obrestno mero, povečano za 1000 odstotnih točk, in obrestno mero, ki je bila uporabljena za odobreni ukrep.
As was shown in Section 5.1.3, the Commission holds that AFR was a firm in difficulty at the time when the (aid) measures were granted.
Vendar Komisija – ker je v prvotni odločbi z dne 2. aprila 2008 menila, da je treba uporabiti povečanje za 800 odstotnih točk, ker prejemnik pomoči te odločbe ni izpodbijal in nobeden od konkurentov prejemnika ni podvomil o zakonitosti prvotne odločbe ter ob upoštevanju vseh okoliščin obravnavane zadeve – meni, da zadevnega povečanja v tem primeru ni treba povišati.
The Commission observes, moreover, that no security was provided to back the repayable advances and the level of security can thus be viewed as low.
Komisija zato ugotavlja, da se element pomoči ujema z razliko med upoštevno referenčno obrestno mero, povečano za 800 odstotnih točk, in obrestno mero, ki je bila uporabljena za odobreni ukrep.
Consequently, the aid element corresponds, in principle, to the difference between the base rate to which a premium of 1000 basis points is applied and the rate at which the measure was granted.
Združljivost pomoči z notranjim trgom
In its original decision, however, the Commission held that the risk premium applicable was 800 basis points.
Komisija ob upoštevanju gospodarskega položaja družbe AFR ob odobritvi pomoči, kot izhaja iz tabele iz uvodne izjave 15 (večletno deficitarno poslovanje, negativen lastniški kapital, upadanje prometa), meni, da je bila družba AFR podjetje v težavah v smislu Smernic, ko sta ji bili odobreni vračljivi predplačili.
Since that decision was not challenged by the beneficiary, and none of the beneficiary's competitors has challenged the legality of that initial decision, and taking into account all of the circumstances of the present case, the Commission is of the view that there is no reason to increase the risk premium applicable in the present instance.
Iz razlogov, navedenih v uvodnih izjavah od 41 do 44, te analize ni mogoče spremeniti na podlagi pripomb Francije.
The Commission concludes that the aid element corresponds to the difference between a risk premium of 800 basis points to the reference interest rate applicable and the rate of interest at which the measure was granted.
Res je, da je bila družba AFR leta 2005 del skupine, ki jo je nadziral holding Arbel SA.
Compatibility of the aid with the internal market
Poleg železniškega dela (ki sta ga sestavljali družbi AFR in Lormafer) je skupino sestavljal tudi „gradbeni“ del, ki je združeval podjetja, specializirana za proizvodnjo oken za gradbeno industrijo.
Given AFR's financial situation at the time the aid was granted, as illustrated by the table in recital 15 (running at a loss for several years, negative capital and reserves, falling turnover), the Commission considers that AFR was a firm in difficulty within the meaning of the Guidelines at the time the repayable advances were granted.
Vendar je iz informacij, ki so jih francoski organi poslali v dopisih, izmenjanih pred sprožitvijo formalnega postopka preiskave, vseeno razvidno, da je družba AFR imela posebne težave v primerjavi z drugimi podjetji v skupini, ker njena dejavnost ni bila povezana z „gradbenim“ delom.
For the reasons set out in recitals 41 to 44, France's comments do not alter this analysis.
Poleg tega Komisija poudarja, da se zdi, da so bile težave družbe AFR prevelike, da bi jih skupina lahko rešila, predvsem zaradi svojih povprečnih rezultatov.
It is true that, in 2005, AFR was part of a group controlled by the Arbel SA holding company.
Komisija zato meni, da točka 13 Smernic ne preprečuje, da se družba AFR šteje za upravičeno do pomoči za reševanje ali prestrukturiranje kljub dejstvu, da je del skupine.
Aside from its railways division (made up of AFR and Lormafer), the group included a construction division made up of firms specialising in the manufacture of windows for the construction industry.
Združljivost pomoči je zato treba presojati z vidika Smernic.
However, it is clear from the information supplied by the French authorities in the correspondence exchanged before the initiation of the formal investigation procedure that the difficulties encountered by AFR were specific to it within the group as its activity had no connection with the construction division.
Komisija ugotavlja, da pogoji za združljivost pomoči za prestrukturiranje, določeni v Smernicah, niso izpolnjeni zaradi spodaj navedenih dejavnikov.
Moreover, the Commission notes that AFR's difficulties seem to have been too great for the group to overcome, given its mediocre results.
Francoski organi ji niso predložili načrta za prestrukturiranje v skladu s točkami 34 do 37 Smernic.
It therefore considers that point 13 of the Guidelines is no obstacle to AFR being considered eligible for rescue and restructuring aid, despite its being part of a group.
Ukrepi za prestrukturiranje, navedeni v uvodni izjavi 24, ki so jih francoski organi predložili kot „načrt za prestrukturiranje“, ki naj bi se izvajal od leta 2004 (glej uvodno izjavo 24), na datum njihove odobritve niso spadali v okvir izvedljivega načrta za prestrukturiranje, h kateremu se zaveže zadevna država članica (točka 35 Smernic).
The compatibility of the aid must therefore be assessed in the light of the Guidelines.
Domnevni načrt se v nasprotju z določbami Smernic ne opira na tržno raziskavo.
The Commission observes that the compatibility conditions for restructuring aid laid down in the Guidelines are not fulfilled in view of the following.
Taka raziskava se zahteva, da se preverijo možnosti obnove sposobnosti preživetja in notranji ukrepi za prestrukturiranje (točka 35 Smernic).
The French authorities did not present it with a restructuring plan in accordance with points 34 to 37 of the Guidelines.
Poleg tega ni mogoče z ničimer dokazati, da je julija 2005 obstajal načrt za prestrukturiranje, v katerem bi bile opisane „okoliščine, ki so privedle do težav podjetja“, ki bi ga bilo mogoče uporabiti kot „temelj za ocenitev ustreznosti predlaganih ukrepov“ (točka 36 Smernic o prestrukturiranju).