Motovilikhinskiye Zavody Completes Bankruptcy

The corporation "Rostekh" of Sergei Chemezov will improve the company.
In Perm there was introduced a bankruptcy proceedings against the manufacturer of artillery systems of PJSC Motovilikhinskiye Zavody. Accounts payable of the enterprise is more than 13.8 billion rubles. The interlocutors of Kommersant believe that now the property of the enterprise can be sold at a closed tender. The state corporation Rostek previously reported that the only way to save the enterprise is to restart its work.

The Arbitration Court of the Perm Krai decided to introduce bankruptcy proceedings against one of the largest industrial enterprises in the region of PJSC Motovilikhinskiye Zavody. According to sources, Vitaly Shemigon was appointed bankruptcy manager, who previously supervised the procedure for monitoring the enterprise. He is to hold a meeting of creditors. Now the property of the enterprise can be sold at a closed tender, only a limited number of companies can participate in it.

Recall, with a statement on the recognition of the company bankrupt last year, JSC "All-Russian Research Institute" Signal ". The applicant substantiated his claims by the presence of debt in the amount of 32.1 million rubles. At the same time, both enterprises are controlled by Rostekh's structures. According to the manager, at the end of February the total amount of accounts payable of the company was about 13.8 billion rubles. The largest creditors of PJSC are Rossiya (7.6 billion rubles), Rosoboronexport (3.9 billion rubles), Globex Bank (885.6 million rubles), Rostek State Corporation (450 million rubles) rub.).

The Motovilikhinskiye Zavody Group (MZ) unites the metallurgical complex and a number of engineering industries, produces oilfield equipment, produces weapons: rocket launcher systems and artillery. The revenue of the Ministry of Health in 2017 was 11 billion rubles. (in 2016 - 9.7 billion rubles.), the net loss increased from 2.4 billion rubles. up to 9.8 billion rubles. The managing company of the group is PJSC Motovilikhinskiye Zavody. Included in the Group of Companies "Rostekh". Since August, PAO is under surveillance.

In late February, Vitali Shemigon, without waiting for the meeting of creditors, made a report to the arbitration court on the financial situation of Motovilikha. In his opinion, PJSC is insolvent, there is no possibility of restoration of solvency in the near future. Previously, Kommersant sources asserted that Rostekh decided to introduce the enterprise into the procedure of bankruptcy proceedings and to sell the property to controlled companies. As a possible acquirer of assets was called ZAO "Special Design Bureau" (according to SPARK, 100% of the company's shares belong to Motovilikhinsky plants).

"For a long time, the company was under foreign operational control. The result of this is known. The situation at the Motovilikha factories is very difficult now. Obviously, the only real way to save an enterprise, restart processes and stabilize its operation is a bankruptcy procedure. We expect the beginning of this procedure in the near future and are ready to make every effort to normalize the situation, since the asset is strategically important for the state and we understand that no one but Rostekh is able to fulfill this task, "the state corporation said last week.