Rieker
Spartak shoe factory declared bankrupt OJSC Spartak Shoe Factory Initiated Bankruptcy
27.12.2016 3942

Spartak shoe factory declared bankrupt

The Spartak Shoe Factory OJSC (Kazan), affiliated with the Tatfondbank, having problems, as part of the disclosure requirements, published the decision adopted by the Board of Directors on December 23 to appeal to the Arbitration Court of Tatarstan with an insolvency statement. The decision is explained by the inability to service loans and pay salaries and severance pay to staff due to the blocking of accounts in Tatfondbank, Kommersant writes.

In particular, the company’s official statement states: “In connection with the introduction of Tatfondbank PJSC 15.12.2016 of the moratorium on satisfying creditors' claims and blocking the movement of accounts, as well as the maturity of December 29 on December 2016 of the term of interest on existing loan agreements of Spartak Shoe Factory OJSC ”, The company will be unable to repay the debt due to a lack of funds, which will make it impossible to pay all creditors, foreclosure of property and stopping the company’s activities.

Also, in this regard, the factory “will not be able to fulfill monetary obligations, requirements for the payment of severance pay and wages of persons working or working under an employment contract, and obligations to pay mandatory payments on time”.

In 2015, the Spartak factory shipped 255,1 thousand pairs of shoes worth 377,6 million rubles. According to the results of 2016, the company expected to issue more than 300 thousand pairs worth more than 550 million rubles. The company’s declared revenue for the 2015 year amounted to 444,15 million rubles, net profit - 289 thousand rubles.

For the 9 months of the 2016 year, the factory received 441,4 million rubles. revenue and 403 thousand rubles net profit. The company's assets at 30 of September this year amounted to 4,8 billion rubles. Borrowed funds under short-term obligations at the same date - 2,6 billion rubles., Long-term - 10,5 million rubles. According to the reporting, Tatfondbank is the main creditor of the company.

At the beginning of November of this year, 78,87% of the shares of the company was owned by Spartak-Finance LLC, owned by Adel Zaripov, head of the profitable real estate department and director of the property complex of the shoe factory. The chairman of the board of directors of the company is adviser to the chairman of the board of Tatfondbank Ayrat Akhmetshin.

On December 15, the Bank of Russia in connection with the “unstable financial situation” of the credit institution and “the existence of a threat to the interests of its creditors and depositors” introduced a temporary administration in the person of DIA for six months in Tatfondbank. During this period, the powers of the bank's shareholders and management bodies were suspended. Payments to depositors are promised to start no later than January 29. A moratorium on the fulfillment of Tatfondbank's obligations to other creditors has been declared for three months. It is assumed that the DIA within six months will prepare "proposals for further activities" of the credit institution.

OJSC “Shoe Factory“ Spartak ”(Kazan), affiliated with Tatfondbank, which is experiencing problems, has published, as part of its disclosure requirements, the ...
3.11
5
1
1
Rating
Euro Shoes Exhibition

Latest News

Lockdown for fashion retail in the capital will begin on 28 October

The Moscow Mayor's Office gave a number of clarifications on the operation of shopping centers in the capital during the declared non-working days - quarantine for Covid-19, according to which, starting from October 28, all shops except pharmacies should be closed in Moscow shopping centers, ...
22.10.2021 271

Giuseppe Zanotti has released a collaboration with American skater Evan Mock

The friendship between the Italian fashion house and the American skater and Gossip Girl star Evan Mok led to the creation of a joint capsule collection, which was named ...
22.10.2021 183

Rendez-Vous opened a store in Cyprus

Rendez-Vous, a network of multi-brand footwear and accessories stores, again announces the opening of a point at a foreign resort popular with Russian tourists. This time, the chain store appeared on the island of Cyprus, on the first ...
21.10.2021 189

The "Honest ZNAK.Business" application now has a scan function without authorization

The Center for the Development of Advanced Technologies has expanded the capabilities of the Chestny ZNAK.Business mobile application. The developers have implemented a new scanning function in the application. Users now have the ability to scan codes in the marking system without ...
20.10.2021 204

"Lockdown" announced in Russia from October 30 to November 7

Russian President Vladimir Putin approved the proposal of Deputy Prime Minister Tatyana Golikova to introduce non-working days in the country from October 30 to November 7. Non-working days are announced with payroll. This measure is forced due to the growth of ...
20.10.2021 1381
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning