The Regional Arbitration Court terminated the proceedings in the case of the recognition of “Novorosmetall” as bankrupt. The monitoring procedure was introduced in March this year at the request of the tax inspection, which “Novorosmetal” owed 1.3 billion rubles. Earlier, experts linked the company's financial difficulties with underloaded capacities, but the company was able to repay the debt by stopping the bankruptcy procedure. Experts note that the owners could attract an investor.
The Arbitration court terminated the proceedings in the case of recognition of “Novorosmetall” as bankrupt. The monitoring procedure was introduced by the decision of the Arbitration Court of the Krasnodar region on March 7, 2017, Dmitry Aleshin was approved as a temporary manager. With the requirement to recognize the company bankrupt, the tax inspectorate applied, the total debt to the fiscal body exceeded 1.3 billion rubles. The plaintiff did not consider the possibility of concluding a settlement agreement. The procedure for monitoring was introduced by the court until August 8, 2017, but before its termination the debtor submitted evidence to the court on the repayment of debts, at the court session the representative of the tax inspection did not oppose to the termination of the case.
According to the "Kartoteka.ru" system, "Novorosmetal" was registered in 1996, the main field of activity is the production of steel. The size of the authorized capital is 2.3 billion rubles. At present "Novorosmetal" unites motor depots, scrap processing enterprises, procuring and service organizations. According to the SPARK-Interfax system, at the end of 2015, Novorosmetal's assets were 9.93 billion rubles. The amount of accounts receivable - 6.13 billion rubles., Accounts payable - 1.8 billion rubles. Revenues for the year of 2015 amounted to more than 11.8 billion rubles., Net loss - 585.3 million rubles.
Previously, experts linked the company's financial difficulties with underloaded capacities due to high competition in the scrap processing market. As the temporary manager of the debtor Dmitry Aleshin told Kommersant, the owners of “Novorosmetal” were able to find the necessary amount: "I do not know where the funds came from, they did not provide me with these documents, there is no need. My task was to restore the efficiency of the enterprise and close the register of claims of creditors.
According with the executive director of the National Law Company “Mitra”, Zaurbek Akhmetov, the situation is classified as exceptional. "Usually, the owner tries not to bring the company to bankruptcy, but if an observation procedure is introduced, as a rule, everything ends with the sale of property," Mr. Akhmetov explained. In his opinion, there could be three variants of the development of events: "Perhaps there was large account receivable, and when “Novorossmetal” received a loan, it paid tax payments. Also, the company could receive a non-bank loan - in a bankruptcy case, no bank will give a loan. The owner was able to attract an investor who, under certain conditions, agreed to close this debt - this is most likely. "
Materials were taken from “Kommersant”
