SANTIERUL NAVAL ORSOVA S.A.
BVB TICKER: SNO
Phone: +40 252362399
About the company
Santierul Naval Orsova SA is a ship building
company, located in Orsova on the Danube river. The
two mains activities of the shipyard are construction
of the hulls totally designed for export, representing 99% from
the society activity and repairing of the hulls for the
internal and external market. Presently, the
society is able to produce the fallowing types of hulls:
- Containers
of 86 m.,110 m. and 135 m.;
- Chemical tanks and tanks for
gas of 86 m., 110 m., 125 m.,
135 m.;
- Chemical tanks with integrated
cargo holds made from stainless steel duplex of 110 m.;
- Hopper barges;
- Self-propelled barges of 2 000
tones;
- BIPT barges of 1 500
tones;
- EUROPA 2B barges of 1 720
tones, standard;
- EUROPA 2B barges of 1 720
tones, with cabins;
- Mixed barges of 1 100
tones;
- Pontoons;
- RO-RO barges;
- Push combination;
- Yachts
The society is certificated
by Germanischer Lloyd with ISO 9001.
As recognition of he excellent image of the company products on the West - European market, and of the quality system
implemented, the society was awarded with three
prestigious international awards: the Golden Star in Paris 2002,
the Platinum Arch of Europe in Frankfurt 2003 and the International
Quality Crown Award in London 2005.
History
The company was established in 1890 under the name of Orsova Shipyard, as a small workshop designed for repairing of
the ships used for the construction of the navigable channel between
Portile de Fier (Iron Gates) and SIP Yugoslavia.
During the years, the shipyard
grew constantly and after 1991 it had a remarkable evolution
due to the changing of the organizational structure and of its
denomination - it was the period
when it became a society on
shares, having the name: S.C. Santierul Naval Orsova S.A
Major shareholders
|
Shareholder |
Shares |
Percent |
|
S.I.F. TRANSILVANIA |
4,328,580 |
50.00% |
|
OTHER SHAREHOLDERS |
2,419,180 |
27.94% |
|
S.I.F. OLTENIA |
1,050,000 |
12.13% |
|
CITIBANK |
859,500 |
9.93% |
|
Total No. of Shares |
8,657,260 |
|
Nominal Value |
2.5000 |
|
Share Capital |
21,643,150.00 |
Annual financial information (Key financials)
|
|
2006(RON) |
2005(RON) |
2004(RON)* |
|
Fixed assets - Total |
44,243,714.00 |
40,604,639.00 |
50,023,896.10 |
|
Current assets - Total |
51,377,866.00 |
46,331,404.00 |
52,571,899.90 |
|
|
|
|
|
|
Debtors - due within one year |
30,413,032.00 |
36,425,720.00 |
49,920,908.70 |
|
Current assets/Net current liabilities |
21,095,751.00 |
10,065,777.00 |
2,960,310.20 |
|
Total assets less current liabilities |
65,339,465.00 |
50,670,416.00 |
52,984,206.30 |
|
Debtors - due after more than one year |
0.00 |
0.00 |
0.00 |
|
Revenues in advance |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Subscribed paid up capital |
21,643,150.00 |
21,643,150.00 |
21,643,150.00 |
|
Shareholders equity - Total |
63,342,441.00 |
50,244,953.00 |
52,383,540.70 |
|
|
|
|
|
|
Total receivables |
7,636,520.00 |
12,494,066.00 |
15,319,050.00 |
|
Total liabilities |
30,413,032.00 |
36,425,720.00 |
49,920,908.70 |
|
|
|
|
|
|
Net turnover |
78,308,365.00 |
65,496,160.00 |
69,227,133.00 |
|
|
|
|
|
|
Operating income - Total |
78,337,121.00 |
70,020,455.00 |
68,987,901.50 |
|
Operating expenses - Total |
71,841,485.00 |
69,041,843.00 |
63,900,931.00 |
|
Operating result |
6,495,636.00 |
978,612.00 |
5,086,970.50 |
|
|
|
|
|
|
Financial income - Total |
3,643,305.00 |
4,171,862.00 |
3,105,946.10 |
|
Financial expenses - Total |
1,922,297.00 |
3,783,793.00 |
3,718,626.50 |
|
Financial result |
1,721,008.00 |
388,069.00 |
-612,680.40 |
|
Current result |
8,216,644.00 |
1,366,681.00 |
4,474,290.10 |
|
|
|
|
|
|
Extraordinary income |
0.00 |
0.00 |
0.00 |
|
Extraordinary expenses |
0.00 |
0.00 |
0.00 |
|
Extraordinary result |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Total revenues |
81,980,426.00 |
74,192,317.00 |
72,093,847.60 |
|
Total expenses |
73,763,782.00 |
72,825,636.00 |
67,619,557.50 |
|
|
|
|
|
|
Gross result |
8,216,644.00 |
1,366,681.00 |
4,474,290.10 |
|
Net result |
6,729,263.00 |
1,137,088.00 |
3,433,918.30 |
|
Result per share |
- |
- |
0.3966 |
|
|
|
|
|
|
Back payments - Total |
0.00 |
0.00 |
0.00 |
|
Back payments for suppliers - Total |
0.00 |
0.00 |
0.00 |
|
Back payments of liabilities to the social insurance budget
|
0.00 |
0.00 |
0.00 |
|
Taxes which are not paid to the State budget upon payment
date |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Average number of employees (only full time employees)
|
695 |
707 |
752 |
|
|
|
|
|