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We know everything about bankruptcy
05/12/2025
Friday
THIS DAY IN HISTORY:
5 December 
1936 The Stalinist Constitution of the USSR was adopted.
1936 the Stalinist constitution of the USSR was adopted.
1484 Pope Innocent VII initiated the "witch hunt".
1456 An earthquake that destroyed Naples occurred - 35 thousand people died.
1456 occurred an earthquake that destroyed Naples - 35 thousand people died.
5 December
1936 The Stalinist Constitution of the USSR was adopted.
1936 the Stalinist constitution of the USSR was adopted.
1484 Pope Innocent VII initiated the "witch hunt".
1456 An earthquake that destroyed Naples occurred - 35 thousand people died.
1456 occurred an earthquake that destroyed Naples - 35 thousand people died.
Flour mill faces bankruptcy for tax debts
The Redkinsky Flour Mill (RMZ LLC), operating in the Kurgan region, may be declared bankrupt at the initiative of the tax service. The Federal Tax Service of the Russian Federation has sent a petition to the court to initiate bankruptcy proceedings. The information is available in the judicial file.
According to the statement, the total amount of RMZ's debts to the budget exceeds 5.4 million. This amount includes overdue payments for insurance premiums and personal income tax. The tax authorities insist on including the debt in the register of creditors' claims, and also apply for the appointment of Varvara Sokirian as bankruptcy trustee. The lawsuit is scheduled for July 28.
According to open data, the company was established in March 2019 and is wholly owned by Siranush Zohrabyan. The main activity of the company is the processing of grain into flour. In addition, RMZ is engaged in agricultural production and the production of bakery products.
Despite relatively stable revenue, which amounted to about 95.6 million in 2024, the financial results of the year turned out to be negative. The plant ended the year with a loss of 2.2 million. An additional sign of the difficult situation was the suspension of operations on the company's bank accounts.
Previously, the company had already attracted the attention of the tax authorities, but the current situation has become the reason for an official claim for recognition of insolvency. According to market participants, the sharp increase in tax arrears may be due to a general decrease in profitability in the grain processing segment and fluctuations in raw material prices.
The bankruptcy procedure, if launched, will include standard steps. The company will have to appoint a bankruptcy trustee, inventory assets and determine whether it will be able to restore its solvency on its own or whether assets will be distributed in favor of creditors.
According to experts, bankruptcies in the agro-industrial complex of the region are happening more often against the background of unstable market conditions and increasing fiscal burden. But the final decision on the RMZ case will be made by the court after evaluating all the submitted materials.
Photo: Freepik
According to the statement, the total amount of RMZ's debts to the budget exceeds 5.4 million. This amount includes overdue payments for insurance premiums and personal income tax. The tax authorities insist on including the debt in the register of creditors' claims, and also apply for the appointment of Varvara Sokirian as bankruptcy trustee. The lawsuit is scheduled for July 28.
According to open data, the company was established in March 2019 and is wholly owned by Siranush Zohrabyan. The main activity of the company is the processing of grain into flour. In addition, RMZ is engaged in agricultural production and the production of bakery products.
Despite relatively stable revenue, which amounted to about 95.6 million in 2024, the financial results of the year turned out to be negative. The plant ended the year with a loss of 2.2 million. An additional sign of the difficult situation was the suspension of operations on the company's bank accounts.
Previously, the company had already attracted the attention of the tax authorities, but the current situation has become the reason for an official claim for recognition of insolvency. According to market participants, the sharp increase in tax arrears may be due to a general decrease in profitability in the grain processing segment and fluctuations in raw material prices.
The bankruptcy procedure, if launched, will include standard steps. The company will have to appoint a bankruptcy trustee, inventory assets and determine whether it will be able to restore its solvency on its own or whether assets will be distributed in favor of creditors.
According to experts, bankruptcies in the agro-industrial complex of the region are happening more often against the background of unstable market conditions and increasing fiscal burden. But the final decision on the RMZ case will be made by the court after evaluating all the submitted materials.
Photo: Freepik
21.07.2025
