The chief exec officer of UFA, Valentin Lysacek, was not satisfied with the result of typically the first meeting between mother board of directors regarding UFA and the creditors regarding UFA. He was dissatisfied in addition to thought that the particular discussion would be more productive if more time was handed to the lenders of UFA. He / she states that the associates connected with the board of UFA should not be also hasty to consider decisions intended for the sake of the organization. They have to consider all of the factors and effects of their decision.
Valentin Lysacek: “The discussion produced some exciting and important points. UFA had wished to have a one on one approach using both economical reports and discussions while using two years experience connected with our specialists. Sad to say, our own first treatment generated no result considering that the creditors would not agree with our proposition. In addition, one collector stated that his company will not negotiate having the firm until this keepers give him some sort of great answer concerning often the chance of selling often the business enterprise. “
The masters regarding UFA have for you to give a answer simply by March 1st, and that is deemed a very tight deadline day by many people concerned in the business. Upon the other hand, with least one particular creditor said that he expects the owners of UFA in order to make another offer just before March 1st. If often the owners do not create an offer on the particular described date, he desires the creditors to push the issue to help up coming month’s meeting. However, the idea is more likely that the company are going to be blended, so it is essential to work fast.
The CCCB [the Core Club involving Russian Business] feels that it is almost impossible with regard to the organization to make it for at least one other several years without any essential support through investors. Matching to them, in order to the idea can endure for at least twelve months is in the event this is able for you to secure an additional 70 million roubles through a good set up with a vacation. It is very improbable that the proprietors regarding UFA will accept to that proposal since that means that they would possess to surrender most regarding their property, such as the property of most of their houses, and pay the very high dividend.
Like a conclusion, UFA ought to find a new operator who also is willing to be able to sign a one-year as well as some sort of three-year agreement, based on whether it can be a good one-year or the three-year submission. They should as well provide total monetary support during the period of typically the arrangement. If these the weather is fulfilled, after that the company is predicted to emerge from the difficulties it is experiencing throughout a positive situation. Even so, some believe that the business will certainly not survive with regard to long and that the economic ailments in Italy will certainly not permit that to manage its current position. Even so, it is definitely very critical for UFA to find a partner for the enterprise plus that partner should result from a good company with a good really solid foundation. Regarding case in point, it is very important that will the partners possess in least five yrs of experience in the industry.
On the some other side, there are also certain negatives that are attached with buying UFA. This biggest problem is this risk required because spending in the real residence market place can be incredibly risky. The main chance is related to this possibility of finding a new buyer for the distribution that will do not necessarily fulfill all the problems. The particular other risks entail the risk of paying too little dollars in addition to losing a whole lot of money, while the most common risk is that the distribution can not necessarily produce enough dollars to be able to fulfill the demand.
Inside spite of these kinds of difficulties, the government has chose to offer UFA special gains in order to motivate investors to help devote in the country. One associated with these benefits is often the so-called bread plus spread law, named after Finance Minister Alexey Uzhov. What the law states stipulates that a particular person will be granted a one-year as well as a two-year vacation, based on the age group of his household. A new one-year stay permits the particular person to earn to be able to two million rubles as well as about $700, 000 per year. Furthermore, during this time period, a person is going to be allowed to obtain payments similar to one percent of his ventures.
The second major profit offered by typically the ufa system is often the so-called special oilemen gain. This benefit was created in particular for oil drillers plus producers who receive their own income through the purchase of gas. According to help this particular law, these people will be presented a few years of free olive oil salary. This means of which they will not possess to pay virtually any levy for the period connected with time after they get that benefit. Moreover, based on the found international economic conditions, most of the Russian essential oil businesses are suffering from often the lack of investment funds, and they need just about all the help they may get.