Annual Report 2005 - Tenaris

Explanatory notes
62. TenarisConfab
On December 31, 2004
Confab Montagens Ltda.
Confab Revestimentos Ltda.
Socotherm Brasil S.A.
Tenaris Confab Hastes de Bombeio S.A.
Confab Trading LLC
Siat S.A.
On December 31, 2005
Confab Montagens Ltda. (I)
Confab Revestimentos Ltda. (II)
Socotherm Brasil S.A. (III)
TenarisConfab Hastes de Bombeio S.A. (IV)
Confab Trading LLC (V)
Siat S.A. (VI)
(I) Confab Montagens Ltda – activities consist mainly of conducting studies and carrying out
the assembly, installation and maintenance of devices, machinery and/or industrial subunits
manufactured by third parties.
(II) Confab Revestimentos Ltda – company not in operation.
(III)TenarisConfab Hastes de Bombeio S.A. – the company's main activity is the manufacture
and commercialization of sucker rods and other materials, equipment, components and
metallic accessories used in the petroleum and petrochemical segments.
Ordinary
Shares
–
–
932
1,505
–
12,000
–
–
932
1,505
–
12,000
(IV) Confab Trading LLC – based in Delaware – USA, the company was incorporated on Novem
ber 9, 2001, with capital paid up by all the shares of Confab Trading N.V. It was created
with the objective of participating as a shareholder in foreign companies.
Thousands of shares or
quotas held by Company
Quotas
10,419
7,103
–
–
–
–
10,419
7,103
–
–
–
–
Company share in
made up
capital – %
100
100
50
49
100
30
100
100
50
49
100
30
Adjusted
shareholders'
equity
3,009
(5)
27,495
2,240
20,348
158,003
8,930
(5)
42,895
(1,056)
18,492
173,997
Adjusted
Net earnings/
(loss)
(4,849)
–
9,330
(832)
(2,213)
3,029
5,921
–
15,400
(3,296)
548
37,474
(V) Socotherm Brasil S.A. – activities consist mainly of the manufacture, commercialization and
provision of services in the segment of internal and external coating for steel pipes and
metallic parts in general and the acquisition and transfer of technology in the segment of
anticorrosive and thermal coating for metallic parts.
In Ordinary and Extraordinary General Assembly on April 29, 2005, and by filing with
JUCESP on June 28, 2005, the name of the subsidiary Soco-Ril do Brasil S.A. was changed
to Socotherm Brasil S.A.
(VI)Siat S.A. – located in Argentina, its activities consist mainly of the manufacture of welded
steel pipes for the petroleum, petrochemical, gas and sanitation industries.