TURBOMECANICA S.A.
BVB TICKER: TBM
Phone: +40 214340741
About the company
The core field of activities of Turbomecanica SA includes manufacturing of components (gears, cases, shafts, rotating parts, sheet metal components, aerodynamic control surfaces type parts), subassemblies for turbojets and turboshafts, accessories for aeronautical engines, helicopter gearboxes and rotorheads, turbines and turbochargers, airframe components and components for aeronautical application, as well as repair of aeroengines and dynamic components for PUMA helicopters.
The
company`s
auxiliary production line includes non-aeronautical
applications for high
tech equipment used in power generating
systems, medical and military
application, components for
turbochargers.
History
Continuing
tradition for manufacturing aircraft engines, Turbomecanica was
established in
1975 to manufacture aeroengines, aeronautical components and helicopter
dynamic
systems in Romania. A strong tradition in this field had been
discontinued
after World War II, due to political interference.
In 1975 the company purchased modern production
facilities and
licenses to manufacture and
build Viper 633-41, Turmo IV C engines and PUMA helicopter gearboxes
and
rotorheads were obtained from Rolls-Royce, Turbomeca and Aerospatiale
respectively. Due to the lack of reliable local sources for special
components,
accessories, and tooling, the facility was required to produce all this
material on a self-sufficient basis, but at the expense of efficiency.
The size
of the company was gradually increased, to accommodate an estimated
capacity of
4
400
employees. The company developed by successfully integrating
its three initial main products and becoming an important and exclusive
supplier of new products for the Romanian Minister of Defense.
Subsequently, a
development program for a Viper afterburner system was successfully
carried
out, jointly with a Yugoslav partner and Rolls-Royce.
In
1980, a
license was obtained through Technoimportexport from Rolls-Royce for
the
manufacture of the Spey 512-14 DW civil turbofan, powering the Romanian
built
variant of the BAC-111-500 airliner.
In
1985, the Governments of Romania and of ex - Soviet Union
initiated a joint program for development and production in
Turbomecanica of a
700 SHP helicopter turboshaft,along
with the Russian partner OMKB-Omsk. A separate
production facility
was built to accommodate this project, and to avoid any interference
with the
existing Western technologies. During the next five
years, the development program progressed at
a steady rate, with several demonstrators and prototypes produced and
tested on
the bench and on the helicopter. Production start up activities
resulted in a
large inventory of production tooling, purchasing materials and
substantiating
components and materials.
Major shareholders Shareholder Shares Percent OTHER SHAREHOLDERS 186,644,649
50.52%
VIEHMANN
RADU 95,580,100
25.87%
CIORAPCIU
DANA MARIA 56,003,876
15.16%
S.I.F.
BANAT-CRISANA 31,213,700
8.45%
A.V.A.S.
150 0.00% Total
No. of Shares 369,442,475 Nominal
Value 0.1000 Share
Capital 36,944,247.50 Annual financial information (Key
financials) 2006(RON) 2005(RON) 2004(RON)* Fixed
assets - Total
74,979,546.00
38,202,985.00
38,481,191.80 Current
assets - Total
69,285,507.00
60,114,435.00
27,718,759.50 Debtors
- due within one year
30,533,440.00
21,598,827.00
25,590,794.30 Current
assets/Net current liabilities
36,743,672.00
36,198,877.00
32,419,774.30 Total
assets less current liabilities
111,723,218.00
74,401,862.00
70,900,966.10 Debtors
- due after more than one year
3,251,530.00
752,531.00
295,386.20 Revenues
in advance
2,041,450.00
2,368,932.00
5,406,874.80 Subscribed
paid up capital
36,944,248.00
36,944,248.00
36,944,247.50 Shareholders
equity - Total
108,471,688.00
73,649,331.00
70,605,579.90 Total
receivables
18,763,658.00
12,900,704.00
22,299,435.20 Total
liabilities
33,784,970.00
22,351,358.00
25,886,180.50 Net
turnover
104,327,438.00
104,822,649.00
98,069,006.70 Operating
income - Total
109,807,398.00
109,425,088.00
98,155,460.80 Operating
expenses - Total
90,905,565.00
86,405,066.00
75,971,990.60 Operating
result
18,901,833.00
23,020,022.00
22,183,470.20 Financial
income - Total
4,341,388.00
1,713,252.00
2,735,401.30 Financial
expenses - Total
3,363,575.00
3,727,731.00
3,057,774.50 Financial
result
977,813.00
-2,014,479.00
-322,373.20 Current
result
19,879,646.00
21,005,543.00
21,861,097.00 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
114,148,786.00
111,138,340.00
100,890,862.10 Total
expenses
94,269,140.00
90,132,797.00
79,029,765.10 Gross
result
19,879,646.00
21,005,543.00
21,861,097.00 Net
result
16,565,418.00
17,706,513.00
16,498,174.00 Result
per share
0.0400
-
- 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)
636
554
527