The chief professional officer of UFA, Valentin Lysacek, was not satisfied with the result of the first meeting between panel of directors regarding UFA and the creditors associated with UFA. He was upset in addition to thought that the discussion would be even more productive if more time period was handed to the lenders of UFA. He thinks that the associates of the board of UFA should not be very hasty to take decisions intended for the benefit from the firm. They have to look at every one of the factors and success of their very own decision.
Valentin Lysacek: “The discussion produced some fascinating and critical points. UFA had expected to have a primary approach using both economic reports and discussions with all the two years experience regarding our instructors. Unfortunately, our first session created virtually no result for the reason that creditors would not concur with the proposal. In addition, one lender stated that his business will not negotiate with the company until typically the masters give him a new good quality answer concerning the particular possibility of selling this business enterprise. “
The owners involving UFA have to give a reply by means of March 1st, that is regarded a very tight deadline day by many people engaged in the firm. In the other hand, at least one creditor said that he wants this owners of UFA to make another offer ahead of March 1st. If the particular masters do not help to make an offer on often the talked about date, he wants this creditors to press the issue to future month’s meeting. In this case, it is more likely that will the company is going to be contained, so it is critical to work fast.
This CCCB [the Key Club connected with Russian Business] says that this is almost impossible with regard to the business to endure for at least another several years without any significant support coming from investors. Regarding to them, the only way it can make it through for with least one full year is in the event that this is able for you to secure an additional 60 to 70 million roubles through a good agreement with a vacation. It is very improbable that the proprietors connected with UFA will accept to this specific proposal since this implies that they would have to quit most connected with their control, such as the control of most of their own properties, and pay a good very high dividend.
Because some sort of conclusion, UFA need to find a new user which is willing to sign a one-year or even a good three-year agreement, depending on whether it is definitely the one-year or a good three-year submission. They should in addition provide entire economical support during the interval of typically the arrangement. In the event these conditions are fulfilled, in that case the company is anticipated to emerge from typically the difficulties it truly is suffering from inside a positive scenario. Even so, some believe that the organization will not necessarily survive with regard to long and that the economic conditions in Russia will definitely not permit this to maintain its found position. On the other hand, it is very crucial for UFA to find a lover for the business enterprise plus that partner should originated from a new company with the extremely solid foundation. Regarding instance, it is rather critical that will the partners include from least five many years of experience in the discipline.
On the additional hands, there are in addition specific drawbacks that are attached with buying UFA. Often the biggest problem is the particular risk required because trading in the real house market can be quite risky. The main risk is related to often the possibility of finding a new buyer for the submission that does indeed not really satisfy all the problems. Often the other risks require the chance of paying too little money and losing a whole lot of money, while this most frequent risk is that will the distribution can certainly not produce enough funds for you to fulfill the demand.
Throughout spite of all these problems, the government has made a decision to offer UFA special positive aspects in order to encourage investors to spend within the country. One regarding these positive aspects is the particular so-called bread plus spread law, named after Money Minister Alexey Uzhov. Legislation stipulates that a particular person are going to be granted a one-year or a two-year be, based upon on the era of his friends and family. A new one-year stay will allow a good man to earn to be able to two million rubles or perhaps about $700, 000 each year. Furthermore, during this time period, a person are going to be permitted to acquire payments equal to one percent of his purchases.
The second primary help offered by the ufa approach is typically the apparent special oilemen gain. This benefit was created specifically for oil drillers in addition to producers who get their very own income through the selling of gas. According in order to this particular law, these people will be given several years of free olive oil cash flow. This means of which they will not possess to pay just about any taxes for the period regarding time whenever they get this kind of benefit. Moreover, according to the present worldwide economic conditions, more of the Russian engine oil online businesses are suffering from often the lack of investment funds, and they need all the guidance they can get.