MIRA INFORM REPORT
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Report Date : |
02.08.2011 |
IDENTIFICATION DETAILS
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Name : |
EMER SPA |
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Registered Office : |
Via Giovanni Bormioli 19, Brescia, 25135 |
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Country : |
Italy |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
25.10.2005 |
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Com. Reg. No.: |
05032020967 |
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Legal Form : |
Public Subsidiary |
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Line of Business : |
manufacturer of industrial taps and valves |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Italy |
a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name & address
Emer SpA
Via Giovanni Bormioli 19
Brescia, 25135
Italy
Tel: +39 030 2510391
Fax: +39 030 2510392
Synthesis
Employees: 110
Company Type: Public Subsidiary
Corporate Family: 7
Companies
Ultimate Parent: Westport
Innovations Inc.
Incorporation Date:
25-Oct-2005
Reporting Currency: NA
Annual Sales: NA
Total Assets: NA
Business Description
Emer SpA is primarily engaged in manufacture of industrial taps and
valves including regulating valves and intake taps; manufacture of sanitary
taps and valves; and manufacture of heating taps and valves.
Industry
Industry Miscellaneous Fabricated Products
ANZSIC 2006: 2299 - Other
Fabricated Metal Product Manufacturing Not Elsewhere Classified
NACE 2002: 2913 - Manufacture
of taps and valves
NAICS 2002: 33291 - Metal
Valve Manufacturing
UK SIC 2003: 2913 - Manufacture
of taps and valves
US SIC 1987: 3494 - Valves and
Pipe Fittings, Not Elsewhere Classified
Key Executives
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Name |
Title |
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Sergio Ravagli |
President |
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Fabio Ravasi |
Executive |
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Simone Giovannelli |
Member of the board |
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Fabrizio Ottaviano |
Managing director |
news
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Title |
Date |
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Magical
world for kids |
27-Jul-2011 |
|
NEW FEARS
FOR PORTOBELLO AS SAM CAM'S FAVOURITE BUTCHERS JOIN THE CASUALTY LIST |
22-Jul-2011 |
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STUDENT
MISSIONARY DIES IN AMAZON LAKE |
18-Jul-2011 |
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City centre
dolphin in nets death |
13-Jul-2011 |
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MUSEUMS
WARNED OF RHINO HORN THIEVES |
11-Jul-2011 |
Registered No.(ITA): 05032020967
1 - Profit & Loss Item Exchange Rate: USD 1 =
2 - Balance Sheet Item Exchange Rate: USD 1 =
Corporate Overview
Location
Via Giovanni Bormioli 19
Brescia, 25135
Italy
Tel: +39 030 2510391
Fax: +39 030 2510392
Sales (mil): NA
Assets (mil): NA
Employees: 110
Industry: Miscellaneous
Fabricated Products
Incorporation Date: 25-Oct-2005
Company Type: Public
Subsidiary
Quoted Status: Not
Quoted
Registered No.(ITA): 05032020967
Managing director: Fabrizio
Ottaviano
Contents
· Industry Codes
· Business Description
· Subsidiaries
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2299 - Other Fabricated Metal Product Manufacturing Not Elsewhere
Classified
696 - Management and Related Consulting Services
NACE 2002 Codes:
7032 - Management of real estate on a fee or contract basis
2913 - Manufacture of taps and valves
2875 - Manufacture of other fabricated metal products not
elsewhere classified
NAICS 2002 Codes:
53131 - Real Estate Property Managers
33291 - Metal Valve Manufacturing
332999 - All Other Miscellaneous Fabricated Metal Product
Manufacturing
US SIC 1987:
3499 - Fabricated Metal Products, Not Elsewhere Classified
8744 - Facilities Support Management Services
3494 - Valves and Pipe Fittings, Not Elsewhere Classified
UK SIC 2003:
2875 - Manufacture of other fabricated metal products not
elsewhere classified
7032 - Management of real estate on a fee or contract basis
2913 - Manufacture of taps and valves
Business
Description
Emer SpA is
primarily engaged in manufacture of industrial taps and valves including
regulating valves and intake taps; manufacture of sanitary taps and valves; and
manufacture of heating taps and valves.
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Key Corporate Relationships
Bank: Banco di Brescia ag, Intesa Sanpaolo ag,
Banca Credito Cooperativo sede di Nave/Bs
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Corporate
Family |
Corporate
Structure News: |
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Total Corporate Family Members: 7 |
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Recently acquired (previously owned by SPARTA FINANZIARIA SPA).See corporate structure news on Westport Innovations Inc. for details
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Vancouver, BC |
Canada |
Auto and Truck Parts |
145.6 |
353 |
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Subsidiary |
Brescia, Brescia |
Italy |
Miscellaneous Fabricated Products |
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110 |
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Subsidiary |
Brescia, Brescia |
Italy |
Miscellaneous Fabricated Products |
8.7 |
39 |
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Subsidiary |
Albinea, Reggio Emilia |
Italy |
Auto and Truck Parts |
16.5 |
23 |
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Subsidiary |
Pernumia, Padova (Padua) |
Italy |
Miscellaneous Capital Goods |
47.8 |
70 |
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Subsidiary |
Vancouver, BC |
Canada |
Auto and Truck Parts |
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7 |
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Subsidiary |
Pernumia |
Italy |
Auto and Truck Parts |
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Executives
Report
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Board
of Directors |
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Member of the board |
Director/Board Member |
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Executives |
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President |
President |
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Managing director |
Managing Director |
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Managing director |
Managing Director |
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Executive |
Other |
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Magical world for kids
Herald Sun
(Australia): 27 July 2011
[What follows is the full text of the news story.]
KIDS' THEATRE
CHILDREN'S theatre is a magical way to ignite your
child's imagination and curiosity.
And there are some generous rewards in it for
parents, too, says the Arts Centre's program manager for families, Emer
Harrington.
She says children's theatre is a great way for
kids to share special time with busy parents and other adults in their lives.
``I want them to be excited, inspired and
engaged in the art together,'' Harrington says.
She recently sat behind a mother and son as they
laughed together throughout a children's comedy show.
``It's the magic of theatre,'' she says.
``In this busy world, which is so hard on us
time-wise, there often isn't time to sit and play and just be together with our
children.''
And she says good children's theatre is also
good adults' theatre, with quality productions respecting a child's
intelligence.
``They don't have to be laughing and dancing all
the time,'' Harrington says. ``Children can often handle quite complex meanings
and emotions.''
Children's theatre director Ben Jackson, whose
Alpha Shows tour schools with a modern take on traditional fairytales, urges
parents to seek out shows that involve their young audiences emotionally and
impart important lessons.
``Gimmicks, fart jokes and other taboo humour
are all fun and we love sneaking them into our shows, too, but there has to be
a heart and something for children and grown-ups to get excited about, to feel
good about,'' he says.
Harrington agrees theatre can teach children
about themselves, their community and the world.
CURTAIN CALL
GRUG (pictured above)
Based on the much-loved picture book character,
Grug makes his Melbourne debut in a puppetry performance for kids aged one to
five.
When: Tuesday, Aug 9, to Saturday, Aug 13, the
Arts Centre, Melbourne.
ph: 1300 182 183
Cost: $18 or $16 for four or more tickets
THE HAPPIEST SHOW ON EARTH
A vaudevillian comedy for ages four to eight.
Doctor Smith shares the secrets of his little blue bottle of magic. Circus
acts, music and illusion.
When: 10am and 11.45am Friday, Aug 5, Drum
Theatre, Dandenong, ph: 9771 6666
Cost: $15 or $50 for family of four
RED RIDING HOOD
This classic fairytale is re-told in a fun
pantomime for kids aged three to 12.
When: 10.30am and 1.30pm Thursday, Oct 6, Drum
Theatre, Dandenong, ph: 9771 6666
Cost: $15 or $50 family of four
AND
When: 11am and 1.30pm Wednesday, Sep 28, Wyndham
Cultural Centre, Werribee, ph: 9741 9500
Cost: $11 kids, $15 adults
MY GRANDMA LIVED IN GOOLIGULCH
Based on the book by Graeme Base, this is a
rollicking musical tale about city kid Kate who spends the summer holidays with
her eccentric grandma in the outback. For three to 12-year-olds.
When: 6.30pm Monday, Sep 12; 10am and 11.45am
Tuesday, September 13, Wyndham Cultural Centre, Werribee, ph: 9741 9500
Cost: $11 kids, $15 adults
AND
When: 11am Thursday, Sep 29, Clocktower Centre,
Moonee Ponds, ph: 9243 9191
Cost: $20
THE MAN THE SEA SAW
Set on and around an icicle-clad stage, this
performance combines circus, comedy, puppetry, illusion, audience interaction
and a poignant story.
When: 7pm Saturday, Aug 6, Clocktower Centre,
Moonee Ponds, ph: 9243 9191
Cost: $20 or $65 family of four
NEW FEARS FOR
PORTOBELLO AS SAM CAM'S FAVOURITE BUTCHERS JOIN THE CASUALTY LIST
Evening Standard (London, UK): 22 July 2011
[What follows is the full text of the
news story.]
Jonathan Prynn and Emer Martin
A spate of shop closures including David and
Samantha Cameron's favourite butchers has triggered renewed concerns that
Portobello Road is losing its �unique� market atmosphere.
Kingsland Edwardian Butchers has shut after 163
years' trading, to the dismay of customers. It follows the closure of the
Progreso fairtrade coffee shop, which has been replaced by a branch of the Kurt
Geiger shoe chain.
There are also fears for The Travel Bookshop in
Blenheim Crescent � the inspiration for the store run by Hugh Grant's
character in the movie Notting Hill � which is up for sale.
Alex Dumbell, a 22-year-old student who lives in
the area, said: �Portobello Road is known for the small shops and independent
businesses. If they were to go, it would lose its atmosphere.
�I applied for work in the [Progreso] caf�,
I didn't apply for a job in Starbucks up the road because it would mean
something different. In smaller, independent businesses, you get a sense of the
people who run them, which makes the area what it is.� Haydn Field, who owned
Kingsland Edwardian Butchers for 20 years, said he had to close after the
agents for landlord Octavia Housing threatened to double his weekly rent to
�1,300.
Customers included models Twiggy and Claudia
Schiffer, comedian Rik Mayall, actor Tim Roth and writer Tom Parker Bowles. It
was well known for serving sherry and port as shoppers queued for Christmas
turkeys.
Mr Field said the rent was �170 a week when he
took on the shop in the early Nineties, but as it rose along with business
rates he had to lay off two of his sons.
�The Octavia Housing trust is supposed to be
non-profit making. But when my wife Denise wrote to the 10 directors about the
rent rise, all they said in their reply is 'when can you drop the keys off?'�
he said. Tim Burke of Friends of Portobello said: �Octavia Housing needs to
be held to account, their board needs to take immediate action before any more
small shops are forcibly thrown out.� Michael Barnham, who owns Barnham
Antiques, said: �When most people come here it is because they want to see
something unique to Notting Hill and buy something unique.� A spokeswoman for
Octavia Housing, said: �We made no formal application to increase the rent,
which had not gone up since 2005. But it is a commercial asset and we need that
money to run our charitable activities such as our elderly day care centre in
the borough.�
STUDENT MISSIONARY DIES IN AMAZON LAKE
Evening Standard (London, UK):
18 July 2011
[What follows is the full text of the news story.]
EMER MARTIN
Tributes were paid today to a London student who
drowned in an Amazon lake while working as a missionary.
Olakunle Teniola, 20, of Hackney, disappeared
after jumping into the lake with a friend in Manaus, Brazil, after their boat
stopped so they could have a swim.
Friends today spoke of their shock at the loss
of �a truly special person� who had been �an inspiration�. A friend
said: �His family are totally devastated. They cannot believe such a happy,
inspirational guy has gone. He was so excited to be heading out to Brazil on
missionary work. He was devoted to helping people � a truly special
person.� News of Mr Teniola's death came just before his 21st birthday. His
immediate family were too upset to speak today.
Mr Teniola, right, who called himself
�Gospelz� on Facebook and other social networking sites, was in his second
year of a BA in youth work at Coventry University. His tutor, Brian
Goredema-Braid, called him a very popular student.
Friend Melody Peters said on Twitter: �He left
a legacy and it's up to all of us to continue it.� It is believed Mr Teniola,
who grew up on a Hackney council estate, could not swim.
He was with Ray of Hope, a group that works with
underprivileged Amazon communities.
City
centre dolphin in nets death
TRAGEDY
Mirror (UK): 13 July 2011
[What follows is the full text of the news story.]
ONE of three dolphins that swam right into the
middle of Cork city died after becoming tangled up in fishing nets yesterday.
The fisherman cut him loose but was unable save
him. Scientists at UCC retrieved the carcass yesterday afternoon and plan to
carry out a post-mortem tomorrow.
The male "sub-adult' - the equivalent of a
teenager - swam up the River Lee with two other common dolphins on Monday.
Expert Dr Emer Rogan said: "This is a
series of unfortunate events."
MUSEUMS WARNED OF RHINO HORN THIEVES
Evening Standard (London, UK): 11 July 2011
[What follows is the full text of the news story.]
EMER MARTIN
CRIMINALS are targeting London museums and
auction houses to steal rhino horn, which can fetch twice the price of gold.
The Horniman Museum in Forest Hill has removed
all rhino horn from display after being warned by police. Dc Ian Lawson of the
Met's Art and Antiques Unit said premises with rhino horn on show had �been
subject to hostile reconnaissance�. Museums, auction houses, stately homes
and private individuals that hold the material should review their security, he
added. Rhino horn � which can fetch up to �60,000 a kilo � is used in the
traditional medicines of many Asian countries. A rhino head was stolen from
Haslemere Educational Museum in Surrey in May.
Paolo Viscardi, a curator at the Horniman,
advised museums to temporarily remove references to rhino horn from online
collection databases.
Westport Closes Acquisition of Emer
S.p.A. Previously Announced Acquisition Closes on Schedule
Associated Press: 05 July 2011
[What follows is the full text of the
news story.]
VANCOUVER, July 5, 2011 /PRNewswire/ - Westport Innovations Inc.
(TSX:WPT / NASDAQ:WPRT), a global leader in alternative fuel, low-emissions transportation technologies, today announced that it has completed the previously announced purchase of Emer S.p.A. (Emer), of Brescia, Italy, a leading fuel system provider in the compressed natural gas and liquefied petroleum gas industry with a significant track record in technology innovation and operations. After deduction of certain amounts contractually agreed upon, Westport, at closing, paid approximately Euro 25.6 million (approximately US$37.2 million), which consisted of Euro 12.1 million (US$17.6 million) in cash and 881,860 shares of Westport.
The purchase price includes the assumption of approximately Euro 53 million (approximately US$77.0 million) in existing net debt within Emer. Post-closing, Westport immediately paid down approximately Euro 25 million (US$ 36.3 million) of the debt, leaving approximately Euro 28 million (US$40.7 million) in net debt. The combined operations, under Westport's Light-Duty Division, will offer a complete systems solution to OEMs looking to take advantage of the growing alternative fuel market. Westport's Light-Duty Italian operations, including Emer, will continue to be managed by Maurizio Grando, Managing Director.
About Westport Innovations Inc.
Westport Innovations Inc. is a global leader in alternative fuel, low-emissions technologies that allow engines to operate on clean-burning fuels such as compressed natural gas (CNG), liquefied natural gas (LNG), hydrogen, and biofuels such as landfill gas. Our unique technologies reduce nitrogen oxides (NOx), particulate matter (PM), and greenhouse gas emissions (GHG). The Company focuses on three distinct categories or target markets - light-, medium-, and heavy-duty - through Westport business units or joint ventures. Westport's Light-Duty Division is focused on light-duty automotive systems, components and engines, including 2.4L engines for industrial applications such as forklifts and oilfield service. Cummins Westport (CWI), a joint venture with Cummins, sells the world's broadest range of low-emissions alternative fuel engines for commercial urban fleets
such as buses, refuse trucks and vocational vehicles. Westport Heavy Duty (Westport HD), our proprietary development platform, is engaged in the engineering, design and marketing of natural gas-enabling technology for the heavy-duty diesel engine and truck market.
To learn more about our business, visit our website or subscribe to our RSS feed at http://www.westport.com, or follow us on Twitter @WestportWPRT.
Note: This document contains forward-looking statements, including statements regarding the future management of Westport's Light-Duty Italian operations.
These statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties and are based on assumptions that may cause our actual results, levels of
activity, perfor ance or achievements to be materially different from any future results, levels of activities, performance or achievements expressed in or implied by these forward looking statements. These risks and assumptions include risks and assumptions related to our future strategy and organization as well as other risk factors and assumptions that may affect our actual results, performance or achievements or financial position discussed in our most recent Annual Information Form and other filings with securities regulators. Readers should not place undue reliance on any such forward-looking statements, which speak only as of the date they were made. We disclaim any obligation to publicly update or revise such statements to reflect any change in our expectations or in events, conditions or circumstances on which any such statements may be based, or that may
affect the likelihood that actual results will differ from those set forth in the forward looking statements except as required by National Instrument 51-102.
-0- 07/05/2011
/CONTACT:
p> b>Inquiries:/b>br/> Darren Seedbr/> Vice President, Investor Relations
& Communicationsbr/> Westport Innovations Inc.br/> Phone:
604-718-2046br/> Email: a href"
invest@westport.com">invest@westport.com/a> /p>
(Toronto:WPT NASDAQ-NMS:WPRT)
/ CO: Westport Innovations Inc.
ST: British Columbia
IN: ENV TRN
SU: TNM
PRN
-- TO712 --
0000 07/05/201108:00:00
EDThttp://www.prnewswire.com
Westport Closes Acquisition of Emer
S.p.A.
PR Newswire US: 05 July 2011 [What follows is the full text of the news story.]
~Previously Announced Acquisition Closes on
Schedule~
VANCOUVER, July 5, 2011 /PRNewswire/ - Westport
Innovations Inc. (TSX:WPT / NASDAQ:WPRT), a global leader in alternative fuel,
low-emissions transportation technologies, today announced that it has
completed the previously announced purchase of Emer S.p.A. (Emer), of Brescia,
Italy, a leading fuel system provider in the compressed natural gas and
liquefied petroleum gas industry with a significant track record in technology
innovation and operations. After deduction of certain amounts contractually
agreed upon, Westport, at closing, paid approximately Euro 25.6 million
(approximately US$37.2 million), which consisted of Euro 12.1 million (US$17.6
million) in cash and 881,860 shares of Westport.
The purchase price includes the assumption of
approximately Euro 53 million (approximately US$77.0 million) in existing net
debt within Emer. Post-closing, Westport immediately paid down approximately
Euro 25 million (US$ 36.3 million) of the debt, leaving approximately Euro 28
million (US$40.7 million) in net debt.
The combined operations, under Westport's
Light-Duty Division, will offer a complete systems solution to OEMs looking to
take advantage of the growing alternative fuel market. Westport's Light-Duty
Italian operations, including Emer, will continue to be managed by Maurizio
Grando, Managing Director.
About Westport Innovations Inc.
Westport Innovations Inc. is a global leader in
alternative fuel, low-emissions technologies that allow engines to operate on
clean-burning fuels such as compressed natural gas (CNG), liquefied natural gas
(LNG), hydrogen, and biofuels such as landfill gas. Our unique technologies
reduce nitrogen oxides (NOx), particulate matter (PM), and greenhouse gas
emissions (GHG). The Company focuses on three distinct categories or target markets
- light-, medium-, and heavy-duty - through Westport business units or joint
ventures. Westport's Light-Duty Division is focused on light-duty automotive
systems, components and engines, including 2.4L engines for industrial
applications such as forklifts and oilfield service. Cummins Westport (CWI), a
joint venture with Cummins, sells the world's broadest range of low-emissions
alternative fuel engines for commercial urban fleets such as buses, refuse
trucks and vocational vehicles. Westport Heavy Duty (Westport HD), our
proprietary development platform, is engaged in the engineering, design and
marketing of natural gas-enabling technology for the heavy-duty diesel engine
and truck market. To learn more about our business, visit our website or
subscribe to our RSS feed at www.westport.com, or follow us on Twitter
@WestportWPRT.
Note:� This
document contains forward-looking statements, including statements regarding
the future management of Westport's Light-Duty Italian operations. These
statements are neither promises nor guarantees, but involve known and unknown
risks and uncertainties and are based on assumptions that may cause our actual
results, levels of activity, performance or achievements to be materially
different from any future results, levels of activities, performance or
achievements expressed in or implied by these forward looking statements. These
risks and assumptions include risks and assumptions related to our future
strategy and organization as well as other risk factors and assumptions that
may affect our actual results, performance or achievements or financial
position discussed in our most recent Annual Information Form and other filings
with securities regulators. Readers should not place undue reliance on any such
forward-looking statements, which speak only as of the date they were made. We
disclaim any obligation to publicly update or revise such statements to reflect
any change in our expectations or in events, conditions or circumstances on
which any such statements may be based, or that may affect the likelihood that
actual results will differ from those set forth in the forward looking
statements except as required by National Instrument 51-102.
THE X
FATTER Takeaway orders soar during show says website
Mirror (UK): 04 July 2011 [What follows is the full text of the news story.]
THE X Factor could be contributing to the
nation's expanding waistlines as viewers go for a takeaway in front of the
telly.
Online takeaway ordering website just-eat. ie
releases its annual report today which reveals there is a rise in orders when
the Saturday night reality TV show is on.
The firm's marketing manager Emer McCormack
said: "One of the most visible trends we've identified in our research is
the link between ordering food online and watching reality shows.
"For example during broadcasting of the X
Factor we experienced high traffic volumes between 7pm and 7.30pm, just before
it aired.
"We also noticed that most consumers were ordering
more than three meals at a time, suggesting that they were ordering for a group
of friends or family."
And Ms McCormack said the firm's research shows
after the hit TV3 show finished at the end of last year with Matt Cardle taking
the public's adulation, the busiest takeout night returned to its more
traditional Sunday night slot. But it's not all bad news for people worried
about bulging waistlines as the report notes hungry Irish punters are
increasingly choosing the healthier option.
Ms McCormack said: "We found that consumers
seemed to be increasingly ordering healthier alternatives to traditional
takeaways.
"The surge in popularity of Thai food was
especially impressive and we expect to see that continue to grow by 10% this
year."
Despite this, Chinese takeouts are still king
accounting for one in five orders from last year. But the bag of chips was the
most popular single item.
Other statistics compiled by just-eat.ie show
New Year's Day was the busiest day for takeaways. And the average spend throughout
the year was EUR20 - a lot less than it would cost to eat out.
The company's managing director James Galvin
said: "The recession has undoubtedly brought up many new challenges for
businesses.
"The restaurant industry is no different
and in recent years we have witnessed a significant decrease in the number of
people eating out... staying in has undoubtedly become the new going out."
SORRY
..but accused tells gardai he doesn't remember attack
on mum in park
Mirror (UK): 02 July 2011 [What
follows is the full text of the news story.]
A DEAF and mute Bosnian man said
"sorry" when charged with attacking a woman in a park, a court was
told yesterday.
Adis Bekric, 25, appeared at Blanchardstown
District Court charged with assault causing harm on a young mum of one in
Ballymount Park in Dublin on Monday May 30.
The 27-year-old woman was allegedly attacked
while she was out walking at 11.45am.
The court heard he was arrested earlier this
week and brought to Clondalkin Garda station.
Garda Emer Tomkins told judge Brian Sheridan
that she charged Bekric with the offence at 10.55pm.
He responded through a sign language
interpreter: "I have said I did it but I didn't remember fully hitting
her. My memory is blank.
"I told my girlfriend and she is angry and
crying and I am angry and crying now.
"My girlfriend has told her mother and she
is very mad. She is going to fly over and sort this out.
"I have said sorry and sorry about the
past. If I go to jail she is going to fly over."
Detective Garda Keith Marron told the court that
he arrested Mr Bekric at his home address at 3pm on Wednesday June 29.
He was arrested under section 4 of the Criminal
Justice Act.
Lawyer Elizabeth Davey applied for bail for the
accused.
But Detective Inspector Colm O'Malley objected
on a number of grounds and Judge Sheridan upheld the objection. Bekric was
remanded in custody in Cloverhill prison and he is due to appear in court again
in one week.
Dressed in a green khaki camouflage shirt, a
black and white striped top and blue jeans Bekric looked at his interpreter
throughout the hearing.
The alleged victim also appeared at the hearing
yesterday morning accompanied by members of her family.
Judge Sheridan ordered that the defendant's
address should not be published in the media.
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Emer S.R.L Files
Patent Application for Gas Load Control Valve of in a Fuel Tank
Indian Patent News
26 July 2011
[What follows is the full text of
the article.]
New Delhi, July 26 -- Italy based
Emer S.R.L filed patent application for gas load control valve of in a fuel
tank. The inventor is Gobbi Francesco.
Emer S.R.L filed the patent
application on Nov. 18, 2004. The patent application number is 00722/KOL/2004
A. The international classification numbers are F02M21/02 and B06K3/00.
According to the Controller General
of Patents, Designs & Trade Marks, "The invention concerns a liquid
gas load control valve in a tank of gas powered vehicles, which is made up of
two stop valves operating in combination and in association with a level
detector, a first spring associated with a first stop valve to hold it normally
in a closed position of the valve housing of the gas input, and two other
springs associated with a second stop valve to keep it normally in a closed
position of the lateral bore open toward the tank and to cooperate with the
return of the stop valves to their respective closed positions when the tank
load reaches 80% of its capacity."
Annual profit & loss
|
|
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.719047 |
0.683679 |
0.730637 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Total income |
57.9 |
5.0 |
- |
|
Net sales |
61.5 |
4.6 |
- |
|
Other operating income |
1.1 |
0.1 |
- |
|
Raw materials and consumables employed |
20.8 |
2.0 |
- |
|
Other expenses |
14.0 |
1.6 |
- |
|
Total payroll costs |
9.8 |
1.0 |
- |
|
Fixed asset depreciation and amortisation |
20.1 |
1.0 |
- |
|
Other operating costs |
0.3 |
0.0 |
0.0 |
|
Total financial
income |
0.0 |
0.0 |
- |
|
Total expenses |
4.3 |
4.6 |
- |
|
Total taxation |
2.5 |
- |
- |
|
Net loss |
15.1 |
4.0 |
0.0 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.696986 |
0.719399 |
0.683971 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Total stockholders
equity |
- |
10.1 |
0.0 |
|
Provision for risks |
3.3 |
4.4 |
- |
|
Provision for pensions |
0.3 |
0.4 |
- |
|
Mortgages and loans |
1.9 |
4.3 |
- |
|
Other long-term liabilities |
30.8 |
28.7 |
- |
|
Trade creditors |
9.8 |
12.8 |
0.0 |
|
Bank loans and overdrafts |
87.3 |
88.3 |
- |
|
Other current liabilities |
5.3 |
2.9 |
0.0 |
|
Accruals and deferred income |
0.0 |
0.1 |
- |
|
Total current
liabilities |
102.4 |
104.2 |
0.0 |
|
Total
liabilities (including net worth) |
133.6 |
152.3 |
0.0 |
|
Intangibles |
66.9 |
83.4 |
0.0 |
|
Total tangible
fixed assets |
3.5 |
3.2 |
- |
|
Long-term investments |
7.8 |
7.3 |
- |
|
Total financial
assets |
8.3 |
7.3 |
- |
|
Receivables due after 1 year |
3.0 |
- |
- |
|
Loans to associated companies |
0.5 |
- |
- |
|
Total
non-current assets |
81.8 |
93.9 |
0.0 |
|
Finished goods |
9.3 |
14.5 |
- |
|
Net stocks and work in progress |
14.3 |
23.9 |
- |
|
Trade debtors |
22.3 |
24.9 |
- |
|
Other receivables |
1.3 |
8.4 |
- |
|
Owing from participants |
- |
- |
0.0 |
|
Cash and liquid assets |
13.5 |
0.9 |
- |
|
Accruals |
0.4 |
0.2 |
- |
|
Total current
assets |
51.8 |
58.3 |
0.0 |
|
Total assets |
133.6 |
152.3 |
0.0 |
Annual Ratios
Financials in: USD (mil)
|
|
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
- |
EUR |
EUR |
|
Exchange Rate |
- |
0.719399 |
0.683971 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Sales per employee |
0.83 |
0.05 |
- |
|
Average wage per employee |
0.13 |
0.01 |
- |
|
Net worth |
- |
10.1 |
0.0 |
|
Number of employees |
103 |
115 |
1 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.05 |
|
UK Pound |
1 |
Rs.72.40 |
|
Euro |
1 |
Rs.63.46 |
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.