Akhmetov liquidates the famous Mariupol plant named after Ilyich due to losses
The shareholders of PJSC Ilyich-Stal, part of the Metinvest group, decided to liquidate the company voluntarily, without legal succession.
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As reported in the official information of PrJSC in the information disclosure system of the National Securities and Stock Market Commission, the corresponding decision was made by the general meeting of shareholders on April 27 of this year. 100% of shareholders voted for him, Interfax-Ukraine reports.
In connection with the decision to terminate the company's activities through liquidation, creditors may file claims against the company within two months from the date of publication of the notice of liquidation.
It is noted that the value of the company’s net assets is UAH 1 billion 164,250 million, the amount of liabilities is UAH 212,290 million, that is, the PrJSC has enough assets to pay off its obligations. The amount that may remain after satisfying the creditors' claims and will be distributed among shareholders approximately will be UAH 35 million.
As reported, Ilyich-Stal, which manages the Ilyich Iron and Steel Works, ended 2016 with a net loss of UAH 574,277 million against a net profit of UAH 3,455 million in 2015. Retained earnings amounted to UAH 262,054 million.
Over the year, Ilyich-Stal reduced its current liabilities to UAH 212,290 million from UAH 172 thousand, still having no long-term liabilities. At the same time, the company reduced accounts receivable by 61,6% - to UAH 249,727 million.
The value of its assets in 2016 decreased by 20,8% - to UAH 1 billion 376,540 million, including fixed assets - from UAH 2,653 million to UAH 4 thousand.
The shareholders intend to consider the issue of voluntary termination of the company's activities and the appointment of a liquidation commission.
The authorized capital of PJSC Ilyich-Stal is 841 million 14,545 thousand UAH, the par value of the share is 1 UAH.
Metinvest BV (Netherlands) owns 99,9999893% of the shares of PrJSC.
Ilyich-Stal is part of the Metinvest group, the main shareholders of which are PJSC System Capital Management of Rinat Akhmetov (71,24%) and the Smart Holding group of companies of Vadim Novinsky (23,76%).
Metinvest Holding LLC is the management company of the Metinvest group.
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