The chief executive officer of UFA, Valentin Lysacek, was not pleased with the result of the particular first meeting between board of directors associated with UFA and the creditors regarding UFA. He was disappointed and even thought that the discussion would be more productive if more moment was given to the creditors of UFA. He is convinced that the users involving the board of UFA should not be too hasty to have decisions for the benefit with the organization. They have to take into account every one of the factors and outcomes of their own decision.
Valentin Lysacek: “The discussion developed some useful and vital points. UFA had wished to have a strong approach using both economical reports and discussions with the two years experience associated with our professionals. Unfortunately, the first period created no result because the creditors did not agree with your pitch. In addition, one lender stated that his organization will not negotiate having the corporation until the particular proprietors give him a good good quality answer concerning often the probability of selling the particular organization. “
The proprietors associated with UFA have to be able to give a answer simply by March 1st, which is deemed a very tight due date by many people involved in the business. About the other hand, with least one particular creditor stated that he wants the particular owners of UFA in order to make another offer before March 1st. If the particular proprietors do not produce an offer on this talked about date, he needs the creditors to press the issue to up coming month’s meeting. In this case, the idea is more likely the fact that the company is going to be mixed, so it is crucial to take action fast.
Often the CCCB [the Main Club involving Russian Business] thinks about that the idea is almost impossible with regard to the organization to survive for at least one other 3 years without any considerable support coming from investors. According to them, the only way this can pull through for from least twelve months is in case this is able to help acquire an additional 70 million roubles through a great layout with a third party. It is very less likely that the masters connected with UFA will accept to this particular proposal since the idea means that they would have to surrender most regarding their ownership, such as control of most of his or her houses, and pay some sort of very high dividend.
While a good conclusion, UFA need to find a new user who else is willing for you to sign some sort of one-year or maybe some sort of three-year agreement, based upon on whether it is some sort of one-year or a new three-year syndication. They ought to as well provide whole fiscal support during the period of time of this arrangement. If these the weather is fulfilled, next the company will be anticipated to emerge from the difficulties it is experiencing throughout a positive situation. Even so, some believe that the business enterprise will not really survive to get long and that the economic ailments in The ussr will not really permit this to maintain its found position. On the other hand, it is very crucial for UFA to find a spouse for the company and that partner should originate from a new company with the incredibly solid foundation. With regard to illustration, it doesn’t matter what important that will the partners own from least five many years involving experience in the industry.
On the different hand, there are furthermore certain drawbacks that are linked with buying UFA. The biggest problem is the risk engaged because trading in the real estate market place can be incredibly risky. The main chance is related to the possibility of finding a client for the syndication that does indeed not really accomplish all the situations. Often the other risks entail the chance of paying too little money plus losing a great deal of money, while the particular most typical risk is of which the distribution is going to definitely not produce enough cash to be able to fulfill the demand.
Within spite of these troubles, the government has chose to offer UFA special rewards in order to motivate investors to be able to spend within the country. One associated with these gains is this so-called bread plus butter law, named after Fund Minister Alexey Uzhov. Legislation stipulates that a particular person is going to be granted a one-year or even a two-year vacation, relying on the age of his loved ones. A good one-year stay permits a good particular person to earn up in order to two million rubles or maybe about $700, 000 per year. Furthermore, during this time, a person will probably be helped to obtain payments corresponding to one percent of their ventures.
The second most important advantage offered by typically the ufa approach is the unsuspecting special oilemen gain. This benefit is created specially for oil drillers plus producers who acquire their particular income through the selling of gas. According to help this particular law, these people will be granted 3 years of free essential oil revenue. This means the fact that they will not own to pay any tax for the period connected with time every time they get this benefit. Moreover, according to the current worldwide economic ailments, just about all of the Russian olive oil companies are suffering from typically the lack of investment money, and they need all the guidance they can certainly get.