The chief professional officer of UFA, Valentin Lysacek, was not happy with the result of typically the first meeting between your plank of directors connected with UFA and the creditors involving UFA. He was upset and even thought that typically the discussion would be whole lot more productive if more moment was handed to the credit card companies of UFA. He or she states that the members of the board of UFA should not be very hasty to consider decisions regarding the reason from the organization. They have to look at all the factors and outcomes of his or her decision.
Valentin Lysacek: “The discussion produced some interesting and critical points. UFA had hoped to have a strong approach using both fiscal reports and discussions together with the two years experience involving our instructors. Regrettably, our own first period developed not any result for the reason that creditors have not consent with your proposal. In addition, one financial institution stated that his company will not negotiate along with the corporation until this masters give him a good beneficial answer concerning this possibility of selling typically the company. “
The users involving UFA have in order to give a reply by simply March 1st, that is regarded as a very tight due date by many people required in the organization. About the other hand, in least a person creditor mentioned that he expects typically the owners of UFA for you to make another offer prior to March 1st. If the keepers do not help make an offer on the particular stated date, he expects the particular creditors to force the issue to help future month’s meeting. In this case, that is more likely that will the company will likely be blended, so it is crucial to action fast.
Often the CCCB [the Middle Club involving Russian Business] thinks about that that is almost impossible to get the company to pull through for at least another 36 months without any important support through investors. Regarding to them, the only way this can endure for with least twelve months is in the event that is able to acquire an additional seventy million roubles through an layout with a vacation. It is very less likely that the proprietors involving UFA will accept to this kind of proposal since it means that they would possess to give up most regarding their control, such as the possession of most of their very own qualities, and pay some sort of very high dividend.
While a new conclusion, UFA should find a new operator who also is willing in order to sign a one-year or maybe a three-year agreement, based upon on whether it is definitely a good one-year or a three-year syndication. They should also provide complete economical support during the period of time of often the arrangement. If these conditions are fulfilled, then the company is usually anticipated to emerge from typically the difficulties it truly is going through within a positive situation. However, some believe that the organization will not survive regarding long and that the particular economic conditions in Russia will certainly not permit the idea to preserve its current position. On the other hand, it is definitely very essential for UFA to find a spouse for the enterprise together with that partner should originate from a new company with a good extremely solid foundation. To get example of this, it is very significant that the partners have got on least five several years involving experience in the discipline.
On the additional palm, there are also certain down sides that are connected with buying UFA. This biggest problem is typically the risk included because making an investment in the real property marketplace can be extremely risky. The main threat is related to the possibility of finding the buyer for the syndication that will do not really fulfill all the situations. The other risks entail the risk of paying too little dollars and even losing a lot of money, while typically the most frequent risk is the fact that the distribution may definitely not produce enough income to fulfill the demand.
Throughout spite of these types of issues, the government has decided to offer UFA special advantages in order to stimulate investors to devote in the country. One involving these benefits is the so-called bread together with spread law, named after Money Minister Alexey Uzhov. The law stipulates that a man will probably be granted a one-year or a two-year be, based on the era of his household. A good one-year stay permits a good person to earn up in order to two million rubles or maybe about $700, 000 each year. Furthermore, during this period, a person will likely be granted to receive payments corresponding to one percent of the purchases.
The second key gain offered by often the ufa plan is this so-called special oilemen gain. This benefit is created specifically for oil drillers plus producers who get their particular income through the selling of gas. According in order to this kind of law, these people will be granted three years of free oil income. This means of which they will not include to pay virtually any income tax for the period involving time whenever they get that benefit. Moreover, according to the offer international economic conditions, best of the Russian petrol companies are suffering from the particular lack of investment money, and they need most the assistance they can certainly get.