Ciao, re TIM
It looks like you found another interesting one.
Two things that caught my eye are the liability issues in Indiana and the weighting on one customer. I'll spend some time this weekend looking at it.
1:As a separate issue related to environmental matters, two of the Corporation's inactive, indirect, wholly-owned, United States subsidiaries have been named as defendants in legal actions brought in the State of Indiana. The legal actions allege that the plaintiffs, five members of a single family living in proximity to one subsidiary's former adhesives plant, suffered, amongst other claims, personal injuries and expenses arising from an alleged chemical spill or spills at the former plant which allegedly contaminated their residential well. The subsidiaries are vigorously defending themselves against the allegations set forth in the complaints and have denied liability. No provision has been made for these claims, other than for anticipated legal fees.
2:(c) In 2002, one customer accounted for approximately 23% (19% in 2001) of total sales.
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