company name
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|
|
|
OUTOKUMPU STAINLESS OY
summary
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|
Terästie 95490 Tornio
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|
Business
ID
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08233159
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Trade register number
|
500880
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Domicile
|
Tornio
|
Entered into the trade register
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21.11.1990
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|
Operation
started
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01.01.1991
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The latest change in the trade register
|
27.11.2009
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|
Number
of places of business
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1
|
Film address at the trade register
|
74900F17
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|
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Line
of business (SIC)
|
24100
Manufacture of basic iron and steel and of ferro-alloys
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Company
form
|
Joint-stock
company
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Share capital
|
78.120.000
EUR
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|
Type
of ownership
|
Private Finnish
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Number of shares
|
42000000 pc.
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|
Accounting
period
|
0101 - 3112
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|
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Business development
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|
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Turnover
category 2008 20- mEUR
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Personnel
2008 2241 persons
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|
Turnover
category 2007 20- mEUR
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Personnel 2007
2185 persons
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Other information
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|
The
company has been in the Prepayment register since 01.03.1995.
Validity to be checked on 28.02.2010.
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|
|
The
company has been VAT liable for the transfer of rights to use immovable
property since 01.08.1994.
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The
company has been VAT liable for business activity since 01.06.1994.
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The
company has been in the Employer Register since 01.01.1991.
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|
In the
financial statement as at 31.12.2007, the company is a subsidiary
in the group: Outokumpu Stainless Steel -konserni
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The
company belongs as parent company to the group: Outokumpu Stainless
-konserni
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The company
is engaged in import and export.
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http://www.outokumpu.com
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Available
company information
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|
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Risk indicator
|
23.02.2010
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Balance sheet
|
31.12.2008
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Business mortgages
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Person in charge
|
09.10.2009
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|
Ratios
|
31.12.2008
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|
Decision-makers
|
12.10.2009
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|
Shareholders
|
31.12.2008
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|
News
|
16.10.2009
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|
Branch offices
|
|
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Other names
|
30.04.2007
|
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Payment defaults
|
No payment defaults
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Trademarks
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Profit and loss account
|
31.12.2008
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Payments
|
23.02.2010
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Company description
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History data
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|
09.10.2009
Changes in the company´s persons in charge
26.06.2009 Changes in the company´s persons in charge
20.02.2009 Changes in the company´s persons in charge
24.01.2009 Company´s line of business has been changed from (SIC 2002)
27100 to (SIC 2008) 24100.
20.06.2007 Changes in the company´s persons in charge
14.11.2006 Changes in the company´s persons in charge
29.06.2006 Changes in the company´s persons in charge
11.11.2005 Changes in the company´s persons in charge
23.06.2005 Changes in the company´s persons in charge
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Persons in charge
and auditors
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|
Persons in charge updated on 09.10.2009
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Name/Position
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Nationality
|
With the company since
|
Resigned
|
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Erkkilä Pekka Tuomas, Espoo
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|
09.10.2009
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271158-067D, TJ Managing director
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Lager Esa Tapio, Kauniainen
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|
09.10.2009
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090859-0791, PJ Chairman
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Jaako Sakari Juhani, Tornio
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|
20.06.2007
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291148-025S, VJ Ordinary member
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Suurnäkki Matti Antero, Espoo
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|
20.06.2007
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271164-109A, VJ Ordinary member
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|
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Suutala Niilo Jaakko, Tornio
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|
20.02.2009
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030251-019A, VJ Ordinary member
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Tuunainen Raija Helena, Tornio
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|
26.06.2009
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260149-096A, VJ Ordinary member
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Viinikka Asko Olavi, Kemi
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|
20.06.2007
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250865-165N, VJ Ordinary member
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Doktare Erkki Juhani, Tornio
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|
20.06.2007
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271152-275K, VA Deputy member
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Karhula Aija Irina, Tornio
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|
26.06.2009
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310380-206P, VA Deputy member
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Palokangas Jari Olavi, Tornio
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|
20.06.2007
|
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200463-2050, VA Deputy member
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Pelttari Arvo Juhani, Tornio
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|
20.06.2007
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070453-215B, VA Deputy member
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Puukko Esa Antero, Tornio
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|
26.06.2009
|
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191270-211T, VA Deputy member
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Salo Paavo Sakari, Tornio
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|
20.06.2007
|
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250447-503P, VA Deputy member
|
|
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KPMG Oy Ab, Helsinki
|
|
29.06.2006
|
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18054859, TI Auditor
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|
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|
Palvi Mauri Juha, Helsinki
|
|
29.06.2006
|
|
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260651-265A, PT Princ. resp. auditor of acc. corp.
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|
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|
Pihko Antti Esko Yrjänä, Tornio
|
|
11.11.2005
|
08.10.2009
|
|
|
140259-055M, TJ Managing director
|
|
|
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|
Erkkilä Pekka Tuomas, Espoo
|
|
06.09.2001
|
08.10.2009
|
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271158-067D, PJ Chairman
|
|
|
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|
Aikio Maria Hannele, Tornio
|
|
20.06.2007
|
25.06.2009
|
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070166-106S, VJ Ordinary member
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Ollila Kosti Kalervo, Tornio
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|
20.06.2007
|
25.06.2009
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230551-1318, VA Deputy member
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|
|
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|
Tuunainen Raija Helena, Tornio
|
|
26.05.2004
|
25.06.2009
|
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|
260149-096A, VA Deputy member
|
|
|
|
|
Kemppainen Jorma Heikki Olavi, Espoo
|
|
23.06.2005
|
19.02.2009
|
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|
100843-0354, VJ Ordinary member
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|
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Text concerning
the authorised signatures
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|
According to the statutes, the chairman of the Board and the
managing director sign for the firm separately.
|
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Authorised
signatures
|
|
updated 27.11.2009
|
|
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Name
|
|
Nationality
|
Resigned
|
|
|
|
|
Korteniemi
Mikko Tapani, Tornio
|
Holder of procuration
|
FI
|
|
|
|
030559
|
The procuration holders sign for the firm two jointly.
|
|
|
Laitinen
Kai Kristian, Espoo
|
Holder of procuration
|
FI
|
|
|
|
071070
|
The procuration holders sign for the firm two jointly.
|
|
|
Leinonen
Risto Juhani, Tornio
|
Holder of procuration
|
FI
|
|
|
|
270554
|
The procuration holders sign for the firm two jointly.
|
|
|
Liisanantti
Risto Heikki, Tornio
|
Holder of procuration
|
FI
|
|
|
|
230250
|
The procuration holders sign for the firm two jointly.
|
|
|
Lähteenmäki
Hannu Olavi, Tornio
|
Holder of procuration
|
FI
|
|
|
|
190365
|
The procuration holders sign for the firm two jointly.
|
|
|
Mäki-Kullas
Perttu Mikael, Keminmaa
|
Holder of procuration
|
FI
|
|
|
|
280664
|
The procuration holders sign for the firm two jointly.
|
|
|
Niska
Erkki Antero, Tornio
|
Holder of procuration
|
FI
|
|
|
|
130561
|
The procuration holders sign for the firm two jointly.
|
|
|
Rättyä
Eero Arvi, Tornio
|
Holder of procuration
|
FI
|
|
|
|
111248
|
The procuration holders sign for the firm two jointly.
|
|
|
Sassi
Martti Olavi, Keminmaa
|
Holder of procuration
|
FI
|
|
|
|
201264
|
The procuration holders sign for the firm two jointly.
|
|
|
Ylitalo
Mikko Juhani, Tornio
|
Holder of procuration
|
FI
|
|
|
|
150167
|
The procuration holders sign for the firm two jointly.
|
|
|
Kauppi
Mauri Juhani, Tornio
|
Holder of procuration
|
FI
|
Right expired on 26.11.2009
|
|
|
090354
|
The procuration holders sign for the firm two jointly.
|
|
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|
Shareholders
|
|
Shareholders updated 31.12.2008 according to the company`s
announcement
|
|
|
|
Shareholders
|
Nationality
|
Number of shares
|
Share of
ownership in %
|
|
|
|
|
Outokumpu Stainless Steel Oy ,
08233124
|
|
|
100,0
|
|
|
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|
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|
Trade names
|
|
Outokumpu Tornio Works
|
|
|
|
|
FINANCIALS
|
|
|
|
|
Profit and
loss account (t EUR)
|
|
|
|
|
|
|
31.12.2005
12 months
|
%
|
31.12.2006
12 months
|
%
|
31.12.2007
12 months
|
%
|
31.12.2008
12 months
|
%
|
|
PROFIT AND LOSS ACCOUNT
|
|
|
|
|
|
|
|
|
|
TURNOVER
|
2.274.471,0
|
100
|
3.292.017,6
|
100
|
3.395.239,2
|
100
|
2.650.673,2
|
100
|
|
Cost of goods sold
|
-2.207.148,0
|
97,0
|
-2.867.803,2
|
87,1
|
-3.206.598,6
|
94,4
|
-2.666.150,1
|
|
|
GROSS MARGIN
|
67.323,0
|
3,0
|
424.214,4
|
12,9
|
188.640,6
|
5,6
|
-15.476,9
|
0,6
|
|
Sales and marketing expenses
|
-23.138,0
|
1,0
|
-19.794,8
|
0,6
|
-20.298,8
|
0,6
|
-24.075,5
|
0,9
|
|
Administrative expenses
|
-29.980,0
|
1,3
|
-27.231,0
|
0,8
|
-34.326,4
|
1,0
|
-32.198,4
|
1,2
|
|
Other operating income
|
0
|
|
|
|
|
|
44.516,1
|
1,7
|
|
Other operating expenses
|
-61.939,0
|
2,7
|
-22.700,1
|
0,7
|
-13.239,6
|
0,4
|
-9.040,9
|
0,3
|
|
OPERATING RESULT
|
-47.734,0
|
2,1
|
354.488,5
|
10,8
|
120.775,9
|
3,6
|
-36.275,6
|
1,4
|
|
Financial income and expenses
|
|
|
|
|
|
|
|
|
|
Income on investments in group companies
|
|
|
|
|
|
|
|
|
|
Income on investments in associated
companies
|
|
|
|
|
|
|
|
|
|
Income on investments in other fixed assets
|
|
|
44,3
|
0,0
|
45,4
|
0,0
|
|
|
|
Other interest and financial income
|
|
|
1.111,9
|
0,0
|
2.044,5
|
0,1
|
|
|
|
Reductions in value of investments held as
non-current assets
|
|
|
|
|
|
|
|
|
|
Reductions in value of investments held as
current assets
|
|
|
|
|
|
|
|
|
|
Interest and other financial expenses
|
-37.261,0
|
1,6
|
-48.413,8
|
1,5
|
-51.737,2
|
1,5
|
-43.843,8
|
1,7
|
|
RESULT BEFORE EXTRAORDINARY ITEMS
|
-84.995,0
|
3,7
|
307.230,7
|
9,3
|
71.128,6
|
2,1
|
-80.119,4
|
3,0
|
|
Extraordinary items
|
|
|
|
|
|
|
|
|
|
Extraordinary income
|
|
|
|
|
|
|
90.585,0
|
3,4
|
|
Extraordinary expenses
|
0
|
|
-217.078,0
|
6,6
|
-49.806,0
|
1,5
|
|
|
|
RESULT BEFORE CLOSING ENTRIES AND
TAXES
|
-84.995,0
|
3,7
|
90.152,8
|
2,7
|
21.322,6
|
0,6
|
10.465,6
|
0,4
|
|
Closing entries
|
|
|
|
|
|
|
|
|
|
Change in depreciation difference
|
-41.295,0
|
1,8
|
-17.711,3
|
0,5
|
213,1
|
0,0
|
10.961,4
|
0,4
|
|
Change in voluntary provisions
|
|
|
|
|
|
|
|
|
|
Income taxes
|
-3,0
|
0,0
|
|
|
-0,2
|
0,0
|
-132,6
|
0,0
|
|
Other direct taxes
|
|
|
|
|
|
|
|
|
|
Change in deferred tax liability
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RESULT FOR THE FISCAL PERIOD
|
-126.292,0
|
5,6
|
72.441,5
|
2,2
|
21.535,5
|
0,6
|
21.294,4
|
0,8
|
|
|
|
|
|
|
|
|
|
Profit and loss account (t EUR)
|
|
|
|
|
|
|
31.12.2001
12 months
|
%
|
31.12.2002
12 months
|
%
|
31.12.2003
12 months
|
%
|
31.12.2004
12 months
|
%
|
|
PROFIT AND
LOSS ACCOUNT
|
|
|
|
|
|
|
|
|
|
TURNOVER
|
908.422,3
|
100
|
975.717,2
|
100
|
1.469.230,3
|
100
|
2.159.898,0
|
100
|
|
Cost of
goods sold
|
-801.076,3
|
88,2
|
-832.312,3
|
85,3
|
-1.366.446,2
|
93,0
|
-1.929.640,0
|
89,3
|
|
GROSS
MARGIN
|
107.346,0
|
11,8
|
143.404,8
|
14,7
|
102.784,1
|
7,0
|
230.258,0
|
10,7
|
|
Sales and
marketing expenses
|
-16.285,4
|
1,8
|
-16.828,7
|
1,7
|
-18.720,6
|
1,3
|
-20.949,0
|
1,0
|
|
Administrative
expenses
|
-23.232,7
|
2,6
|
-26.242,5
|
2,7
|
-27.144,9
|
1,8
|
-28.607,0
|
1,3
|
|
Other
operating income
|
|
|
|
|
|
|
2.406,0
|
0,1
|
|
Other
operating expenses
|
-5.543,2
|
0,6
|
-5.051,0
|
0,5
|
-2.748,9
|
0,2
|
-4.919,0
|
0,2
|
|
OPERATING
RESULT
|
62.284,8
|
6,9
|
95.282,6
|
9,8
|
54.169,7
|
3,7
|
178.189,0
|
8,2
|
|
Financial
income and expenses
|
|
|
|
|
|
|
|
|
|
Income on
investments in group companies
|
133,4
|
0,0
|
|
|
|
|
|
|
|
Income on
investments in associated companies
|
|
|
|
|
|
|
|
|
|
Income on
investments in other fixed assets
|
|
|
154,3
|
0,0
|
165,3
|
0,0
|
|
|
|
Other
interest and financial income
|
1.116,0
|
0,1
|
441,7
|
0,0
|
658,4
|
0,0
|
|
|
|
Reductions
in value of investments held as non-current assets
|
|
|
|
|
|
|
|
|
|
Reductions
in value of investments held as current assets
|
|
|
|
|
|
|
|
|
|
Interest
and other financial expenses
|
-4.148,9
|
0,5
|
-17.420,6
|
1,8
|
-32.890,9
|
2,2
|
-32.509,0
|
1,5
|
|
RESULT
BEFORE EXTRAORDINARY ITEMS
|
59.385,2
|
6,5
|
78.458,0
|
8,0
|
22.102,4
|
1,5
|
145.680,0
|
6,7
|
|
Extraordinary
items
|
|
|
|
|
|
|
|
|
|
Extraordinary
income
|
|
|
1.126,0
|
0,1
|
2.088,0
|
0,1
|
|
|
|
Extraordinary
expenses
|
-80.146,0
|
8,8
|
-36.633,0
|
3,8
|
-9.208,0
|
0,6
|
-56.975,0
|
2,6
|
|
RESULT
BEFORE CLOSING ENTRIES AND TAXES
|
-20.760,8
|
2,3
|
42.951,0
|
4,4
|
14.982,4
|
1,0
|
88.705,0
|
4,1
|
|
Closing
entries
|
|
|
|
|
|
|
|
|
|
Change in
depreciation difference
|
20.800,3
|
2,3
|
-43.951,7
|
4,5
|
-13.968,2
|
1,0
|
-88.404,0
|
4,1
|
|
Change in
voluntary provisions
|
|
|
|
|
|
|
|
|
|
Income
taxes
|
|
|
|
|
|
|
-24,0
|
0,0
|
|
Other
direct taxes
|
-50,6
|
0,0
|
-50,8
|
0,0
|
-48,0
|
0,0
|
|
|
|
Change in
deferred tax liability
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RESULT FOR
THE FISCAL PERIOD
|
-11,0
|
0,0
|
-1.051,6
|
0,1
|
966,2
|
0,1
|
278,0
|
0,0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
31.12.2005
12 months
|
%
|
31.12.2006
12 months
|
%
|
31.12.2007
12 months
|
%
|
31.12.2008
12 months
|
%
|
|
BALANCE
SHEET
|
|
|
|
|
|
|
|
|
|
ASSETS
|
|
|
|
|
|
|
|
|
|
FIXED AND
OTHER NON-CURRENT ASSETS
|
|
|
|
|
|
|
|
|
|
Intangible
assets
|
|
|
|
|
|
|
|
|
|
Start-up
expenses
|
|
|
|
|
|
|
|
|
|
Research
expenses
|
|
|
|
|
|
|
|
|
|
Development
expenses
|
|
|
|
|
|
|
|
|
|
Intangible
rights
|
12.003,0
|
0,6
|
10.627,1
|
0,4
|
8.978,0
|
0,4
|
7.332,9
|
0,4
|
|
Goodwill
|
3.799,0
|
0,2
|
1.629,7
|
0,1
|
1,9
|
0,0
|
|
|
|
Other
capitalised expenses
|
208,0
|
0,0
|
966,6
|
0,0
|
870,7
|
0,0
|
1.446,6
|
0,1
|
|
Advances
paid
|
|
|
|
|
|
|
|
|
|
Tangible
assets
|
|
|
|
|
|
|
|
|
|
Land and
water areas
|
4.000,0
|
0,2
|
4.000,4
|
0,2
|
3.968,8
|
0,2
|
3.968,8
|
0,2
|
|
Buildings
and constructions
|
395.079,0
|
20,1
|
375.015,0
|
15,2
|
365.889,8
|
16,5
|
353.193,4
|
18,9
|
|
Machinery
and equipment
|
735.886,0
|
37,5
|
686.618,4
|
27,8
|
640.110,9
|
28,9
|
587.476,2
|
31,5
|
|
Other
tangible assets
|
42.278,0
|
2,2
|
41.599,5
|
1,7
|
53.349,0
|
2,4
|
49.993,8
|
2,7
|
|
Advances
paid and fixed assets under construction
|
13.939,0
|
0,7
|
45.863,3
|
1,9
|
26.306,4
|
1,2
|
70.831,7
|
3,8
|
|
Investments
|
|
|
|
|
|
|
|
|
|
Shares/Similar
rights of ownership in group companies
|
10.272,0
|
0,5
|
10.272,5
|
0,4
|
10.272,5
|
0,5
|
10.272,5
|
0,5
|
|
Receivables
from group companies
|
|
|
|
|
|
|
|
|
|
Shares/Similar
rights of ownership in associated companies
|
|
|
|
|
|
|
|
|
|
Receivables
from associated companies
|
|
|
|
|
|
|
|
|
|
Shares/Similar
rights of ownership in other companies
|
|
|
160,0
|
0,0
|
1.038,4
|
0,0
|
701,1
|
0,0
|
|
Other
receivables
|
328,0
|
0,0
|
|
|
|
|
|
|
|
Own
shares/similar rights of ownership
|
|
|
|
|
|
|
|
|
|
CURRENT
ASSETS
|
|
|
|
|
|
|
|
|
|
Inventories
and work-in-progress
|
|
|
|
|
|
|
|
|
|
Materials
and supplies
|
106.198,0
|
5,4
|
170.492,3
|
6,9
|
161.867,7
|
7,3
|
167.834,0
|
9,0
|
|
Work-in-progress
|
|
|
|
|
|
|
|
|
|
Finished
goods
|
245.583,0
|
12,5
|
375.799,0
|
15,2
|
415.775,9
|
18,8
|
208.000,8
|
11,1
|
|
Other
inventories
|
|
|
|
|
|
|
|
|
|
Advances
paid
|
|
|
|
|
|
|
|
|
|
Receivables
|
|
|
|
|
|
|
|
|
|
Long term
receivables
|
|
|
|
|
|
|
|
|
|
Trade
receivables
|
|
|
|
|
|
|
|
|
|
Receivables
from group companies
|
|
|
|
|
|
|
|
|
|
Receivables
from associated companies
|
|
|
|
|
|
|
|
|
|
Loan
receivables
|
|
|
|
|
|
|
|
|
|
Imputed
tax receivables
|
|
|
|
|
|
|
|
|
|
Other
receivables
|
|
|
|
|
|
|
|
|
|
Unpaid
shares/similar rights of ownership
|
|
|
|
|
|
|
|
|
|
Prepaid
expenses and accrued income
|
|
|
|
|
|
|
|
|
|
Short term
receivables
|
|
|
|
|
|
|
|
|
|
Trade
receivables
|
227.522,0
|
11,6
|
694.736,9
|
28,2
|
359.619,6
|
16,3
|
214.323,0
|
11,5
|
|
Receivables
from group companies
|
70.000,0
|
3,6
|
|
|
|
|
90.585,0
|
4,8
|
|
Receivables
from associated companies
|
|
|
|
|
|
|
|
|
|
Loan
receivables
|
69.634,0
|
3,5
|
3.625,0
|
0,1
|
123.106,8
|
5,6
|
74.430,3
|
4,0
|
|
Imputed
tax receivables
|
|
|
|
|
|
|
|
|
|
Other
receivables
|
0
|
|
|
|
|
|
|
|
|
Unpaid
shares/similar rights of ownership
|
|
|
|
|
|
|
|
|
|
Prepaid
expenses and accrued income
|
26.156,0
|
1,3
|
45.944,4
|
1,9
|
40.070,8
|
1,8
|
27.424,8
|
1,5
|
|
Financial
assets
|
|
|
|
|
|
|
|
|
|
Shares/Similar
rights of ownership in group companies
|
|
|
|
|
|
|
|
|
|
Own
shares/similar rights of ownership
|
|
|
|
|
|
|
|
|
|
Other
shares/similar rights of ownership
|
|
|
|
|
|
|
|
|
|
Other
securities
|
231,0
|
0,0
|
230,5
|
0,0
|
|
|
|
|
|
Cash in
hand and at banks
|
6,0
|
0,0
|
346,5
|
0,0
|
323,9
|
0,0
|
3,2
|
0,0
|
|
|
|
|
|
|
|
|
|
|
|
BALANCE
SHEET TOTAL
|
1.963.121,0
|
100
|
2.467.927,2
|
100
|
2.211.551,0
|
100
|
1.867.818,1
|
100
|
|
|
|
|
|
|
|
|
|
|
|
SHAREHOLDERS´
EQUITY AND LIABILITIES
|
|
|
|
|
|
|
|
|
|
SHAREHOLDERS´
EQUITY
|
|
|
|
|
|
|
|
|
|
Share
capital, subscribed capital of a co-operative or other capital
|
78.120,0
|
4,0
|
78.120,0
|
3,2
|
78.120,0
|
3,5
|
78.120,0
|
4,2
|
|
Share
premium
|
174.897,0
|
8,9
|
174.897,3
|
7,1
|
174.897,3
|
7,9
|
174.897,3
|
9,4
|
|
Revaluation
reserve
|
|
|
|
|
|
|
|
|
|
Fair value
reserve
|
|
|
|
|
|
|
|
|
|
Other
reserves
|
|
|
|
|
|
|
|
|
|
Treasury
stock or reserve fund of any other capital
|
|
|
|
|
|
|
|
|
|
Contingency
reserve
|
|
|
|
|
|
|
|
|
|
Reserves
according to the articles of association or bylaws
|
|
|
|
|
|
|
|
|
|
Other
reserves
|
|
|
|
|
|
|
|
|
|
Retained
earnings (losses)
|
648,0
|
0,0
|
-125.644,1
|
-5,1
|
-53.202,7
|
-2,4
|
-31.667,1
|
-1,7
|
|
Result for
the fiscal period
|
-126.292,0
|
-6,4
|
72.441,5
|
2,9
|
21.535,5
|
1,0
|
21.294,4
|
1,1
|
|
Capital
loans
|
|
|
|
|
|
|
|
|
|
ACCUMULATED
CLOSING ENTRIES
|
|
|
|
|
|
|
|
|
|
Depreciation
difference
|
465.560,0
|
23,7
|
483.271,3
|
19,6
|
483.058,2
|
21,8
|
472.096,7
|
25,3
|
|
Voluntary
provisions
|
|
|
|
|
|
|
|
|
|
COMPULSORY
PROVISIONS
|
|
|
|
|
|
|
|
|
|
Pension
provision
|
|
|
|
|
|
|
|
|
|
Tax
provision
|
|
|
|
|
|
|
|
|
|
Other
compulsory provisions
|
2.100,0
|
0,1
|
15.063,8
|
0,6
|
13.279,8
|
0,6
|
11.296,6
|
0,6
|
|
LIABILITIES
|
|
|
|
|
|
|
|
|
|
Long term
liabilities
|
|
|
|
|
|
|
|
|
|
Bonds and
notes
|
|
|
|
|
|
|
|
|
|
Convertible
bonds
|
|
|
|
|
|
|
|
|
|
Capital
loans
|
|
|
|
|
|
|
|
|
|
Loans from
financial institutions
|
|
|
|
|
|
|
|
|
|
Loans from
pension institutions
|
11.250,0
|
0,6
|
9.000,0
|
0,4
|
6.750,0
|
0,3
|
4.500,0
|
0,2
|
|
Advances
received
|
|
|
|
|
|
|
|
|
|
Trade
payables
|
|
|
|
|
|
|
|
|
|
Bills of
exchange payable
|
|
|
|
|
|
|
|
|
|
Loans from
and other liabilities to group companies
|
|
|
|
|
|
|
|
|
|
Loans from
and other liabilities to associated companies
|
|
|
|
|
|
|
|
|
|
Deferred
tax liability
|
|
|
|
|
|
|
|
|
|
Other
loans and liabilities
|
446.145,0
|
22,7
|
350.575,0
|
14,2
|
500.000,0
|
22,6
|
|
|
|
Deferred
income and accrued expenses
|
|
|
|
|
|
|
|
|
|
Short term
liabilities
|
|
|
|
|
|
|
|
|
|
Bonds and
notes
|
|
|
|
|
|
|
|
|
|
Convertible
bonds
|
|
|
|
|
|
|
|
|
|
Capital
loans
|
|
|
|
|
|
|
|
|
|
Loans from
financial institutions
|
0
|
|
|
|
|
|
730.000,0
|
39,1
|
|
Loans from
pension institutions
|
2.250,0
|
0,1
|
2.250,0
|
0,1
|
2.250,0
|
0,1
|
2.250,0
|
0,1
|
|
Advances
received
|
0
|
|
|
|
|
|
|
|
|
Trade
payables
|
173.270,0
|
8,8
|
350.215,3
|
14,2
|
285.533,0
|
12,9
|
107.879,1
|
5,8
|
|
Bills of
exchange payable
|
|
|
|
|
|
|
|
|
|
Loans from
and other liabilities to group companies
|
0
|
|
|
|
|
|
266.884,0
|
14,3
|
|
Loans from
and other liabilities to associated companies
|
|
|
|
|
|
|
|
|
|
Other
loans and liabilities
|
702.380,0
|
35,8
|
1.003.708,1
|
40,7
|
670.181,1
|
30,3
|
3.318,5
|
0,2
|
|
Deferred
income and accrued expenses
|
32.793,0
|
1,7
|
54.029,1
|
2,2
|
29.148,7
|
1,3
|
26.948,5
|
1,4
|
|
|
|
|
|
|
|
|
|
|
|
BALANCE
SHEET TOTAL
|
1.963.121,0
|
100
|
2.467.927,2
|
100
|
2.211.551,0
|
100
|
1.867.818,1
|
100
|
|
|
|
|
|
|
|
|
|
31.12.2001
12 months
|
%
|
31.12.2002
12 months
|
%
|
31.12.2003
12 months
|
%
|
31.12.2004
12 months
|
%
|
|
BALANCE SHEET
|
|
|
|
|
|
|
|
|
|
ASSETS
|
|
|
|
|
|
|
|
|
|
FIXED AND OTHER NON-CURRENT ASSETS
|
|
|
|
|
|
|
|
|
|
Intangible assets
|
|
|
|
|
|
|
|
|
|
Start-up expenses
|
|
|
|
|
|
|
|
|
|
Research expenses
|
|
|
|
|
|
|
|
|
|
Development expenses
|
|
|
|
|
|
|
|
|
|
Intangible rights
|
138,5
|
0,0
|
176,6
|
0,0
|
6.819,3
|
0,4
|
9.141,0
|
0,4
|
|
Goodwill
|
|
|
10.296,3
|
0,7
|
8.138,8
|
0,5
|
5.969,0
|
0,3
|
|
Other capitalised expenses
|
6.129,2
|
0,6
|
5.771,8
|
0,4
|
4.797,6
|
0,3
|
228,0
|
0,0
|
|
Advances paid
|
|
|
|
|
|
|
|
|
|
Tangible assets
|
|
|
|
|
|
|
|
|
|
Land and water areas
|
3.059,0
|
0,3
|
3.254,3
|
0,2
|
3.254,3
|
0,2
|
4.000,0
|
0,2
|
|
Buildings and constructions
|
98.591,2
|
9,9
|
283.049,5
|
19,0
|
371.723,6
|
21,6
|
411.196,0
|
20,1
|
|
Machinery and equipment
|
296.984,0
|
29,7
|
488.789,0
|
32,7
|
458.758,9
|
26,7
|
770.628,0
|
37,6
|
|
Other tangible assets
|
16.897,6
|
1,7
|
26.222,8
|
1,8
|
38.614,1
|
2,2
|
39.482,0
|
1,9
|
|
Advances paid and fixed assets under
construction
|
280.460,3
|
28,1
|
283.711,7
|
19,0
|
287.452,3
|
16,7
|
11.864,0
|
0,6
|
|
Investments
|
|
|
|
|
|
|
|
|
|
Shares/Similar rights of ownership in group
companies
|
3.521,3
|
0,4
|
3.521,3
|
0,2
|
3.521,3
|
0,2
|
10.272,0
|
0,5
|
|
Receivables from group companies
|
|
|
|
|
|
|
|
|
|
Shares/Similar rights of ownership in
associated companies
|
|
|
|
|
|
|
|
|
|
Receivables from associated companies
|
|
|
|
|
|
|
|
|
|
Shares/Similar rights of ownership in other
companies
|
1.515,6
|
0,2
|
1.443,7
|
0,1
|
513,4
|
0,0
|
556,0
|
0,0
|
|
Other receivables
|
|
|
|
|
|
|
|
|
|
Own shares/similar rights of ownership
|
|
|
|
|
|
|
|
|
|
CURRENT ASSETS
|
|
|
|
|
|
|
|
|
|
Inventories and work-in-progress
|
|
|
|
|
|
|
|
|
|
Materials and supplies
|
37.944,9
|
3,8
|
102.456,9
|
6,9
|
132.046,1
|
7,7
|
149.709,0
|
7,3
|
|
Work-in-progress
|
|
|
|
|
|
|
|
|
|
Finished goods
|
95.468,0
|
9,6
|
104.884,0
|
7,0
|
139.016,0
|
8,1
|
247.170,0
|
12,1
|
|
Other inventories
|
|
|
|
|
|
|
|
|
|
Advances paid
|
|
|
|
|
|
|
|
|
|
Receivables
|
|
|
|
|
|
|
|
|
|
Long term receivables
|
|
|
|
|
|
|
|
|
|
Trade receivables
|
|
|
|
|
|
|
|
|
|
Receivables from group companies
|
|
|
|
|
|
|
|
|
|
Receivables from associated companies
|
|
|
|
|
|
|
|
|
|
Loan receivables
|
|
|
|
|
|
|
|
|
|
Imputed tax receivables
|
|
|
|
|
|
|
|
|
|
Other receivables
|
|
|
|
|
|
|
|
|
|
Unpaid shares/similar rights of ownership
|
|
|
|
|
|
|
|
|
|
Prepaid expenses and accrued income
|
|
|
|
|
|
|
|
|
|
Short term receivables
|
|
|
|
|
|
|
|
|
|
Trade receivables
|
116.321,3
|
11,6
|
128.336,4
|
8,6
|
171.562,1
|
10,0
|
294.465,0
|
14,4
|
|
Receivables from group companies
|
945,0
|
0,1
|
1.126,0
|
0,1
|
2.088,0
|
0,1
|
0
|
|
|
Receivables from associated companies
|
|
|
|
|
|
|
|
|
|
Loan receivables
|
12.588,5
|
1,3
|
23.571,5
|
1,6
|
68.060,4
|
4,0
|
55.650,0
|
2,7
|
|
Imputed tax receivables
|
|
|
|
|
|
|
|
|
|
Other receivables
|
2.113,5
|
0,2
|
1.863,4
|
0,1
|
873,8
|
0,1
|
708,0
|
0,0
|
|
Unpaid shares/similar rights of ownership
|
|
|
|
|
|
|
|
|
|
Prepaid expenses and accrued income
|
17.847,1
|
1,8
|
22.642,4
|
1,5
|
21.320,9
|
1,2
|
37.619,0
|
1,8
|
|
Financial assets
|
|
|
|
|
|
|
|
|
|
Shares/Similar rights of ownership in group
companies
|
|
|
|
|
|
|
|
|
|
Own shares/similar rights of ownership
|
|
|
|
|
|
|
|
|
|
Other shares/similar rights of ownership
|
|
|
|
|
|
|
|
|
|
Other securities
|
|
|
|
|
|
|
231,0
|
0,0
|
|
Cash in hand and at banks
|
8.272,5
|
0,8
|
2.040,1
|
0,1
|
1.629,1
|
0,1
|
163,0
|
0,0
|
|
|
|
|
|
|
|
|
|
|
|
BALANCE SHEET TOTAL
|
998.797,6
|
100
|
1.493.157,8
|
100
|
1.720.190,2
|
100
|
2.049.052,0
|
100
|
|
|
|
|
|
|
|
|
|
|
|
SHAREHOLDERS´ EQUITY AND LIABILITIES
|
|
|
|
|
|
|
|
|
|
SHAREHOLDERS´ EQUITY
|
|
|
|
|
|
|
|
|
|
Share capital, subscribed capital of a
co-operative or other capital
|
78.120,0
|
7,8
|
78.120,0
|
5,2
|
78.120,0
|
4,5
|
78.120,0
|
3,8
|
|
Share premium
|
174.897,3
|
17,5
|
174.897,3
|
11,7
|
174.897,3
|
10,2
|
174.897,0
|
8,5
|
|
Revaluation reserve
|
|
|
|
|
|
|
|
|
|
Fair value reserve
|
|
|
|
|
|
|
|
|
|
Other reserves
|
|
|
|
|
|
|
|
|
|
Treasury stock or reserve fund of any other
capital
|
|
|
|
|
|
|
|
|
|
Contingency reserve
|
|
|
|
|
|
|
|
|
|
Reserves according to the articles of
association or bylaws
|
|
|
|
|
|
|
|
|
|
Other reserves
|
|
|
|
|
|
|
|
|
|
Retained earnings (losses)
|
466,0
|
0,0
|
455,0
|
0,0
|
-596,5
|
-0,0
|
370,0
|
0,0
|
|
Result for the fiscal period
|
-11,0
|
-0,0
|
-1.051,6
|
-0,1
|
966,2
|
0,1
|
278,0
|
0,0
|
|
Capital loans
|
|
|
|
|
|
|
|
|
|
ACCUMULATED CLOSING ENTRIES
|
|
|
|
|
|
|
|
|
|
Depreciation difference
|
277.940,9
|
27,8
|
321.892,6
|
21,6
|
335.860,8
|
19,5
|
424.264,0
|
20,7
|
|
Voluntary provisions
|
|
|
|
|
|
|
|
|
|
COMPULSORY PROVISIONS
|
|
|
|
|
|
|
|
|
|
Pension provision
|
|
|
|
|
|
|
|
|
|
Tax provision
|
|
|
|
|
|
|
|
|
|
Other compulsory provisions
|
|
|
|
|
|
|
|
|
|
LIABILITIES
|
|
|
|
|
|
|
|
|
|
Long term liabilities
|
|
|
|
|
|
|
|
|
|
Bonds and notes
|
|
|
|
|
|
|
|
|
|
Convertible bonds
|
|
|
|
|
|
|
|
|
|
Capital loans
|
|
|
|
|
|
|
|
|
|
Loans from financial institutions
|
104,8
|
0,0
|
87,3
|
0,0
|
43,6
|
0,0
|
0
|
|
|
Loans from pension institutions
|
20.250,0
|
2,0
|
18.000,0
|
1,2
|
15.750,0
|
0,9
|
13.500,0
|
0,7
|
|
Advances received
|
|
|
|
|
|
|
|
|
|
Trade payables
|
|
|
|
|
|
|
|
|
|
Bills of exchange payable
|
|
|
|
|
|
|
|
|
|
Loans from and other liabilities to group
companies
|
|
|
|
|
|
|
|
|
|
Loans from and other liabilities to
associated companies
|
|
|
|
|
|
|
|
|
|
Deferred tax liability
|
|
|
|
|
|
|
|
|
|
Other loans and liabilities
|
1.800,0
|
0,2
|
326.600,0
|
21,9
|
537.000,0
|
31,2
|
506.715,0
|
24,7
|
|
Deferred income and accrued expenses
|
|
|
|
|
|
|
|
|
|
Short term liabilities
|
|
|
|
|
|
|
|
|
|
Bonds and notes
|
|
|
|
|
|
|
|
|
|
Convertible bonds
|
|
|
|
|
|
|
|
|
|
Capital loans
|
|
|
|
|
|
|
|
|
|
Loans from financial institutions
|
23,9
|
0,0
|
43,7
|
0,0
|
43,7
|
0,0
|
44,0
|
0,0
|
|
Loans from pension institutions
|
2.250,0
|
0,2
|
2.250,0
|
0,2
|
2.250,0
|
0,1
|
2.250,0
|
0,1
|
|
Advances received
|
344,7
|
0,0
|
4.486,8
|
0,3
|
1.009,6
|
0,1
|
221,0
|
0,0
|
|
Trade payables
|
99.977,5
|
10,0
|
134.601,1
|
9,0
|
152.547,7
|
8,9
|
218.338,0
|
10,7
|
|
Bills of exchange payable
|
|
|
|
|
|
|
|
|
|
Loans from and other liabilities to group
companies
|
174.985,0
|
17,5
|
211.618,0
|
14,2
|
9.208,0
|
0,5
|
66.183,0
|
3,2
|
|
Loans from and other liabilities to
associated companies
|
|
|
|
|
|
|
|
|
|
Other loans and liabilities
|
152.255,2
|
15,2
|
180.240,7
|
12,1
|
381.627,8
|
22,2
|
532.577,0
|
26,0
|
|
Deferred income and accrued expenses
|
15.393,3
|
1,5
|
40.916,8
|
2,7
|
31.462,0
|
1,8
|
31.295,0
|
1,5
|
|
|
|
|
|
|
|
|
|
|
|
BALANCE SHEET TOTAL
|
998.797,6
|
100
|
1.493.157,8
|
100
|
1.720.190,2
|
100
|
2.049.052,0
|
100
|
|
|
|
|
|
|
|
|
Accounting period
|
31.12.2005
|
31.12.2006
|
31.12.2007
|
31.12.2008
|
|
Volume
|
|
|
|
|
|
Turnover EUR 1000
|
2.274.471,0
|
3.292.017,6
|
3.395.239,2
|
2.650.673,2
|
|
Change in turnover in %
|
5,3
|
44,7
|
3,1
|
-21,9
|
|
Turnover/person EUR 1000
|
997,6
|
1.522,0
|
1.553,9
|
1.182,8
|
|
Added value, in thousand
EUR/person
|
|
|
|
|
|
Profitability
|
|
|
|
|
|
Operating margin (EBITDA) in %
|
|
|
|
|
|
Operating result (EBIT) in %
|
-2,1
|
10,8
|
3,6
|
-1,3
|
|
Net result in %
|
-3,7
|
9,3
|
2,1
|
-3,0
|
|
Return on investment in %
|
-2,7
|
18,7
|
6,2
|
-2,2
|
|
Return on total assets in %
|
-2,4
|
16,1
|
5,3
|
-1,8
|
|
Liquidity
|
|
|
|
|
|
Quick ratio
|
0,4
|
0,5
|
0,5
|
0,4
|
|
Current ratio
|
0,8
|
0,9
|
1,1
|
0,7
|
|
Solvency
|
|
|
|
|
|
Equity ratio in %
|
30,2
|
27,7
|
31,9
|
38,3
|
|
Net gearing
|
2,0
|
2,0
|
1,7
|
1,0
|
|
Relative indebtedness in %
|
60,2
|
54,2
|
44,4
|
43,5
|
|
Working capital
|
|
|
|
|
|
Working capital ratio in %
|
17,9
|
27,1
|
19,2
|
18,2
|
|
Inventories/turnover in %
|
15,5
|
16,6
|
17,0
|
14,2
|
|
Sales receivable turnover in
days
|
37
|
77
|
39
|
30
|
|
Accounts payable turnover in
days
|
|
|
|
|
|
Ratios of
the line of business
|
|
Line of
business 24100 Manufacture of basic iron and steel and of ferro-alloys
(42 kpl)
|
|
|
|
|
Year
|
2005
|
2006
|
2007
|
2008
|
|
Companies
in the line
|
20
|
23
|
24
|
24
|
|
Volume
|
|
|
|
|
|
Turnover
EUR 1000
|
1.487,2
|
1.563,4
|
573,0
|
880,0
|
|
Change
in turnover in %
|
4,1
|
4,5
|
3,1
|
21,5
|
|
Turnover/person
EUR 1000
|
256,9
|
260,6
|
155,8
|
126,5
|
|
Added
value, in thousand EUR/person
|
80,0
|
74,3
|
69,1
|
75,5
|
|
Profitability
|
|
|
|
|
|
Operating
margin (EBITDA) in %
|
13,8
|
22,1
|
11,7
|
21,2
|
|
Operating
result (EBIT) in %
|
9,2
|
14,8
|
6,0
|
10,0
|
|
Net
result in %
|
7,5
|
10,9
|
2,4
|
7,3
|
|
Return
on investment in %
|
14,0
|
7,8
|
9,4
|
11,2
|
|
Return
on total assets in %
|
13,3
|
7,7
|
6,9
|
8,3
|
|
Liquidity
|
|
|
|
|
|
Quick
ratio
|
1,5
|
1,2
|
1,0
|
0,7
|
|
Current
ratio
|
2,0
|
1,7
|
1,4
|
1,0
|
|
Solvency
|
|
|
|
|
|
Equity
ratio in %
|
62,8
|
59,9
|
31,9
|
35,9
|
|
Relative
indebtedness in %
|
39,8
|
39,2
|
85,1
|
62,9
|
|
Working
capital
|
|
|
|
|
|
Working
capital ratio in %
|
12,2
|
7,1
|
13,6
|
12,5
|
|
Inventories/turnover
in %
|
12,1
|
9,4
|
13,3
|
14,2
|
|
Sales
receivable turnover in days
|
38
|
40
|
39
|
30
|
|
Accounts
payable turnover in days
|
32
|
39
|
51
|
30
|
|
|
|
|
|
|
|
Line of
business
|
All
companies
|
|
|
Payment default
risk
|
7,1%
|
6,2%
|
|
|
|
|
|
|
|
|
|
|
Volume
|
|
Profitability
|
|
Change in
turnover in %
|
|
Return on
investment
|
|
|
|
|
|
|
2005
|
2006
|
2007
|
2008
|
|
|
Company
|
5,3
|
44,7
|
3,1
|
-21,9
|
|
|
Line of
business
|
4,1
|
4,5
|
3,1
|
21,5
|
|
|
Lower
quartile
|
-11,7
|
-15,6
|
-14,0
|
0,0
|
|
|
Upper
quartile
|
30,7
|
8,4
|
40,7
|
138,8
|
|
|
|
|
|
2005
|
2006
|
2007
|
2008
|
|
|
Company
|
-2,7
|
18,7
|
6,2
|
-2,2
|
|
|
Line of
business
|
14,0
|
7,8
|
9,4
|
11,2
|
|
|
Lower
quartile
|
2,6
|
0,0
|
0,0
|
1,7
|
|
|
Upper
quartile
|
24,8
|
27,8
|
19,3
|
27,7
|
|
|
|
|
|
|
|
Solvency
|
|
Liquidity
|
|
Equity
ratio
|
|
Current
ratio
|
|
|
|
|
|
|
2005
|
2006
|
2007
|
2008
|
|
|
Company
|
30,2
|
27,7
|
31,9
|
38,3
|
|
|
Line of
business
|
62,8
|
59,9
|
31,9
|
35,9
|
|
|
Lower
quartile
|
30,2
|
23,1
|
6,2
|
8,3
|
|
|
Upper
quartile
|
66,7
|
78,0
|
80,1
|
74,6
|
|
|
|
|
|
2005
|
2006
|
2007
|
2008
|
|
|
Company
|
0,8
|
0,9
|
1,1
|
0,7
|
|
|
Line of
business
|
2,0
|
1,7
|
1,4
|
1,0
|
|
|
Lower
quartile
|
1,4
|
0,9
|
0,6
|
0,4
|
|
|
Upper
quartile
|
3,2
|
4,0
|
3,0
|
3,0
|
|
|
|
|
|
|
|
|
Accounting period
|
31.12.2001
|
31.12.2002
|
31.12.2003
|
31.12.2004
|
|
Volume
|
|
|
|
|
|
Turnover EUR 1000
|
908.422,3
|
975.717,2
|
1.469.230,3
|
2.159.898,0
|
|
Change in turnover in %
|
-18,9
|
7,4
|
50,6
|
47,0
|
|
Turnover/person EUR 1000
|
500,2
|
485,2
|
685,3
|
973,8
|
|
Added value, in thousand
EUR/person
|
|
|
|
|
|
Profitability
|
|
|
|
|
|
Operating margin (EBITDA) in %
|
|
|
|
|
|
Operating result (EBIT) in %
|
6,9
|
9,8
|
3,7
|
8,2
|
|
Net result in %
|
6,5
|
8,0
|
1,5
|
6,7
|
|
Return on investment in %
|
8,6
|
10,6
|
4,2
|
10,9
|
|
Return on total assets in %
|
6,8
|
7,7
|
3,4
|
9,5
|
|
Liquidity
|
|
|
|
|
|
Quick ratio
|
0,4
|
0,3
|
0,5
|
0,5
|
|
Current ratio
|
0,7
|
0,7
|
0,9
|
0,9
|
|
Solvency
|
|
|
|
|
|
Equity ratio in %
|
53,2
|
38,6
|
34,3
|
33,1
|
|
Net gearing
|
0,3
|
0,9
|
1,6
|
1,6
|
|
Relative indebtedness in %
|
51,4
|
93,7
|
76,9
|
63,5
|
|
Working capital
|
|
|
|
|
|
Working capital ratio in %
|
16,4
|
20,1
|
19,7
|
21,9
|
|
Inventories/turnover in %
|
14,7
|
21,3
|
18,4
|
18,4
|
|
Sales receivable turnover in
days
|
47
|
48
|
43
|
50
|
|
Accounts payable turnover in
days
|
|
|
|
|
|
Ratios of
the line of business
|
|
Line of business
24100 Manufacture of basic iron and steel and of ferro-alloys (42 kpl)
|
|
|
|
|
Year
|
2001
|
2002
|
2003
|
2004
|
|
Companies
in the line
|
16
|
12
|
14
|
17
|
|
Volume
|
|
|
|
|
|
Turnover
EUR 1000
|
1.989,3
|
16.640,8
|
2.412,8
|
2.057,8
|
|
Change
in turnover in %
|
-5,7
|
4,4
|
5,3
|
30,6
|
|
Turnover/person
EUR 1000
|
219,0
|
151,0
|
164,7
|
204,9
|
|
Added
value, in thousand EUR/person
|
47,5
|
62,9
|
56,5
|
56,2
|
|
Profitability
|
|
|
|
|
|
Operating
margin (EBITDA) in %
|
7,7
|
11,6
|
9,5
|
12,2
|
|
Operating
result (EBIT) in %
|
4,1
|
6,1
|
3,5
|
8,5
|
|
Net
result in %
|
1,7
|
2,8
|
1,5
|
5,9
|
|
Return
on investment in %
|
4,9
|
6,7
|
6,4
|
16,7
|
|
Return
on total assets in %
|
4,7
|
5,9
|
4,3
|
12,6
|
|
Liquidity
|
|
|
|
|
|
Quick
ratio
|
1,1
|
0,6
|
1,1
|
0,9
|
|
Current
ratio
|
1,5
|
1,4
|
1,7
|
1,4
|
|
Solvency
|
|
|
|
|
|
Equity
ratio in %
|
50,9
|
43,6
|
41,5
|
34,2
|
|
Relative
indebtedness in %
|
31,5
|
53,8
|
57,1
|
54,9
|
|
Working
capital
|
|
|
|
|
|
Working
capital ratio in %
|
16,2
|
17,5
|
14,5
|
12,1
|
|
Inventories/turnover
in %
|
12,7
|
12,1
|
10,8
|
12,7
|
|
Sales
receivable turnover in days
|
45
|
38
|
36
|
37
|
|
Accounts
payable turnover in days
|
35
|
41
|
54
|
50
|
|
|
|
|
|
|
|
Line of
business
|
All
companies
|
|
|
default risk
|
7,1%
|
6,2%
|
|
|
|
|
|
|
|
|
|
|
Volume
|
|
Profitability
|
|
Change in turnover in %
|
|
Return on investment
|
|
|
|
|
|
|
2001
|
2002
|
2003
|
2004
|
|
|
Company
|
-18,9
|
7,4
|
50,6
|
47,0
|
|
|
Line of business
|
-5,7
|
4,4
|
5,3
|
30,6
|
|
|
Lower quartile
|
-14,4
|
-6,6
|
-6,7
|
-7,4
|
|
|
Upper quartile
|
1,3
|
11,1
|
27,1
|
44,3
|
|
|
|
|
|
2001
|
2002
|
2003
|
2004
|
|
|
Company
|
8,6
|
10,6
|
4,2
|
10,9
|
|
|
Line of business
|
4,9
|
6,7
|
6,4
|
16,7
|
|
|
Lower quartile
|
-2,4
|
0,5
|
-4,3
|
0,7
|
|
|
Upper quartile
|
17,3
|
18,8
|
16,6
|
21,3
|
|
|
|
|
|
|
|
Solvency
|
|
Liquidity
|
|
Equity ratio
|
|
Current ratio
|
|
|
|
|
|
|
2001
|
2002
|
2003
|
2004
|
|
|
Company
|
53,2
|
38,6
|
34,3
|
33,1
|
|
|
Line of business
|
50,9
|
43,6
|
41,5
|
34,2
|
|
|
Lower quartile
|
24,4
|
25,7
|
14,9
|
25,9
|
|
|
Upper quartile
|
65,9
|
61,2
|
53,4
|
57,6
|
|
|
|
|
|
2001
|
2002
|
2003
|
2004
|
|
|
Company
|
0,7
|
0,7
|
0,9
|
0,9
|
|
|
Line of business
|
1,5
|
1,4
|
1,7
|
1,4
|
|
|
Lower quartile
|
1,2
|
0,7
|
0,9
|
0,7
|
|
|
Upper quartile
|
2,3
|
2,0
|
2,3
|
1,7
|
|
|
|
|
|
|
|
|
|
Company´s payments analysis
|
|
|
|
|
Line of business (SIC)
|
24100 Manufacture of basic iron and steel and of ferro-alloys
|
|
|
|
|
Payment behaviour during the past 6 months
|
|
|
|
Period
|
Company´s payment delay, days, average
|
Payment delay in the line of business, days, average
|
The average amount of invoices in euros
|
Number of invoices in total
|
Number of positive payment observations
|
With a delay of more than 30 days
|
|
2/2010
|
|
|
|
|
|
|
|
1/2010
|
0
|
|
2676
|
93
|
87
|
|
|
12/2009
|
2
|
2
|
6154
|
165
|
125
|
|
|
11/2009
|
1
|
1
|
6725
|
205
|
186
|
1
|
|
10/2009
|
2
|
13
|
9900
|
104
|
88
|
|
|
9/2009
|
1
|
0
|
9873
|
106
|
93
|
|
|
|
|
|
|
|
|
|
|
|
The company´s average delay of 6 months is 1 days
|
|
|
|
|
|
|
|
Payment indicator
|
|
|
|
In the next 9 months, the company´s payment behaviour is predicted
to be
|
|
|
|
|
|
|
|
|
Excellent
|
|
>
|
Good
|
|
|
Satisfactory
|
|
|
Unsatisfactory
|
|
|
Poor
|
|
|
No forecast
|
|
|
|
|
|
Payment behaviour forecast for the line of business
|
|
Line of business (SIC) 24100 Manufacture of basic iron and
steel and of ferro-alloys
|
|
|
|
In the next 9 months, the payment behaviour in the line of
business is predicted to be Good.
|
|
|
|
The payment behaviour forecast is based on the company´s previous payment
history. The forecast does not take a stand on the company´s credit risk.
|
|
|
|
|
|
|
|
|
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