RusBankrot
We know everything about bankruptcy
20/04/2024
Saturday
THIS DAY IN HISTORY:
20 April 
1970 China excluded homosexuality from the list of mental illnesses
1970 China excluded homosexuality from the list of mental illnesses
1970 Marie and Pierre Curie received pure radium
1970 Marie and Pierre Curie received pure radium
1970 The copper money appeared in Russia instead of silver
1970 The copper money appeared in Russia instead of silver
20 April
1970 China excluded homosexuality from the list of mental illnesses
1970 China excluded homosexuality from the list of mental illnesses
1970 Marie and Pierre Curie received pure radium
1970 Marie and Pierre Curie received pure radium
1970 The copper money appeared in Russia instead of silver
1970 The copper money appeared in Russia instead of silver
Saratov accumulator battery manufacturer is being driven to bankruptcy again
The Saratov Plant of Independent Current Sources (ICS Plant LLC) turned out to be a candidate for bankruptcy again. At the end of March, the St. Petersburg company ‘Metallon’ tried to drive the company to bankruptcy due to a debt of almost 17.5 million rubles. A month and a half later, a similar application to the arbitration was received from the ‘Hirti’ economic society from Kazan. The amount of claims is 8.5 million rubles.
The court has yet to consider the submitted claim. Experts suggest that it may suffer the same fate as ‘Metallon's’ lawsuit, which was filed on March 30 and fell under a moratorium only because the decision on accepting the claim was made by the court in April.
‘Hirti’, as evidenced by the court practice, has no experience of active litigation in arbitration courts.
Regional authorities are doing their best to protect the plant with rhetoric. Acting Governor Roman Busargin, who previously held the position of Prime Minister, said after visiting the plant's workshops that the company was not threatened with bankruptcy. According to him, the plant annually sells products worth 1 billion rubles, and the amount of 17 million is not critical.
The plant's revenue for 2021 amounted to more than 1.48 billion rubles. However, the loss for the same year, according to the open data, exceeded 152 million rubles. Although the company ended 2020 with a profit, it was only 8.9 million rubles.
The feelings of the Saratov officials are quite understandable. The plant, which has existed in the region since 1933, already experienced bankruptcy just a few years ago. In January 2016, the process was initiated by a bank to which the company owed more than half a billion rubles.
In 2018, the plant was declared insolvent. The share in the company passed to one of the structures of ‘Transmashholding’. Now 50% of the plant is owned by ‘TMH - Energy Solutions’, the second share of 50% is owned by entrepreneur Valentina Boldyreva.
The court has yet to consider the submitted claim. Experts suggest that it may suffer the same fate as ‘Metallon's’ lawsuit, which was filed on March 30 and fell under a moratorium only because the decision on accepting the claim was made by the court in April.
‘Hirti’, as evidenced by the court practice, has no experience of active litigation in arbitration courts.
It is possible that the reason for applying to arbitration was an attempt to exert psychological pressure on the management of the company that did not pay the million rubles sum for the supplied polypropylene.
Moreover, the management of the enterprise changed in March - Stanislav Egorov took the chair of the company’s CEO.Regional authorities are doing their best to protect the plant with rhetoric. Acting Governor Roman Busargin, who previously held the position of Prime Minister, said after visiting the plant's workshops that the company was not threatened with bankruptcy. According to him, the plant annually sells products worth 1 billion rubles, and the amount of 17 million is not critical.
The plant's revenue for 2021 amounted to more than 1.48 billion rubles. However, the loss for the same year, according to the open data, exceeded 152 million rubles. Although the company ended 2020 with a profit, it was only 8.9 million rubles.
The feelings of the Saratov officials are quite understandable. The plant, which has existed in the region since 1933, already experienced bankruptcy just a few years ago. In January 2016, the process was initiated by a bank to which the company owed more than half a billion rubles.
In 2018, the plant was declared insolvent. The share in the company passed to one of the structures of ‘Transmashholding’. Now 50% of the plant is owned by ‘TMH - Energy Solutions’, the second share of 50% is owned by entrepreneur Valentina Boldyreva.
20.05.2022
