RusBankrot
We know everything about bankruptcy
24/11/2024
Sunday
THIS DAY IN HISTORY:
24 November 
1970 The United States and the USSR ratified the nuclear non-proliferation treaty.
1970 The Central Committee of CPSU restored the national autonomy of the Kalmyks, Karachais, Balkars, Chechens and Ingush.
1970 Charles Darwin published The Origin of Species - the first edition was sold out in a day.
24 November
1970 The United States and the USSR ratified the nuclear non-proliferation treaty.
1970 The Central Committee of CPSU restored the national autonomy of the Kalmyks, Karachais, Balkars, Chechens and Ingush.
1970 Charles Darwin published The Origin of Species - the first edition was sold out in a day.
Tatarstan sugar plant is being liquidated after bankruptcy
‘Nurlatsky Sugar’ failed to stand the competition and began voluntary liquidation immediately after filing for bankruptcy. The head of the company, Ilsur Shaydullin, is the liquidator of the company. The plant informed all interested parties that it would accept claims from creditors until February 9, 2022.
The enterprise, from which the sugar industry actually began to develop in Tatarstan, has worked for over 60 years. The plant produced the first 10.8 tons of sugar after commissioning at the end of 1958. In 2011-2013, the company underwent structural modernization to increase labor productivity.
On October 28, 2021, the Arbitration Court of the Republic received a claim from Ak Bars Bank, to which the company owed more than 236 million rubles (case ¹ À65-27219 / 2021).
After the visit of high-ranking officials, the plant continued to function for some time, but the employees had already been transferred to a shorter working week, and the enterprise itself was actively being prepared for conservation, without planning to launch it in the new season.
The work has been suspended by now. The management does not yet know what to do with the territory and premises of the plant, while the authorities are thinking about selling the assets or using them for a technological site. But the queue of investors has not yet been observed.
Experts note that the fate of ‘Nurlatsky Sugar’ CJSC may befall other sugar factories in Russia. The situation at the Meleuzovsky and Tovarkovsky plants in Bashkiria and the Tula region is critical. One of them has also been closed due to debts and financial difficulties. At the same time, the FAS is monitoring the situation, fearing the emergence of dominant economic entities on the Russian sugar market.
The enterprise, from which the sugar industry actually began to develop in Tatarstan, has worked for over 60 years. The plant produced the first 10.8 tons of sugar after commissioning at the end of 1958. In 2011-2013, the company underwent structural modernization to increase labor productivity.
On October 28, 2021, the Arbitration Court of the Republic received a claim from Ak Bars Bank, to which the company owed more than 236 million rubles (case ¹ À65-27219 / 2021).
As a result, already on December 10, ‘Nurlatsky Sugar’ was officially declared insolvent, and the bankruptcy proceedings began.
The decision on the deplorable state of the enterprise was also discussed at the state level. In February 2020, the head of the republic visited the plant and declared that the company was not competitive. Rustam Minnikhanov then noted the problem associated with the need to employ the former workers of the plant. By that time, 188 employees had actually lost their jobs.After the visit of high-ranking officials, the plant continued to function for some time, but the employees had already been transferred to a shorter working week, and the enterprise itself was actively being prepared for conservation, without planning to launch it in the new season.
The work has been suspended by now. The management does not yet know what to do with the territory and premises of the plant, while the authorities are thinking about selling the assets or using them for a technological site. But the queue of investors has not yet been observed.
It is noted that the financial condition of the plant has shown negative dynamics over the past few years.
In 2019, the plant incurred losses of 182 million rubles, and in 2020 they increased to 377.5 million rubles. The company's net assets decreased in 2019 by 20.6 million rubles, and in 2020 the reduction reached 398 million.Experts note that the fate of ‘Nurlatsky Sugar’ CJSC may befall other sugar factories in Russia. The situation at the Meleuzovsky and Tovarkovsky plants in Bashkiria and the Tula region is critical. One of them has also been closed due to debts and financial difficulties. At the same time, the FAS is monitoring the situation, fearing the emergence of dominant economic entities on the Russian sugar market.
16.12.2021
