New horizons for the Criminal Code "Zarechny"

The editors of the “City Newspaper” Leninsk - Kuznetsky published a curious material about the situation around the large coal company of Kuzbass of the UK “Zarechny”, which for several years shake the conflicts of shareholders. Taiga.info gives an article with minor reductions.

Formation

OJSC “Zarechny Mine” was acquired by the Donetskstal group (Ukraine) in April 1998. At that time, it was on the verge of closing, modifying the only lava, and did not have the means to maintain and develop a treatment front. In 2007, another one was acquired for the proceeds from investment in the purchased mine - OJSC Aleksievskaya Shakhty, the former Leninsky Mine Administration.

Until 2010, the “Oktyabrsky” mine from Suek, the Sibirskaya mine, the Angerskaya mine, the Karagaylinskaya mine and auxiliary enterprises were purchased for the money earned. The Yurginsky Machine-Building Plant was also acquired, it was modernized from the military, its significance to the general citizenship and went into a positive balance. The total number of working companies for 2012 was about 15 thousand people. The achieved extraction volume of the company was 11.0 million TN/year, the volume of mining - 45.0 km/year.

The company signed the programs of socio-economic cooperation. Criminal Code "Zarechny" was part of the five best companies in Kuzbass.

From among the first - to outsiders

By the end of 2012, in connection with the corporate conflict and the claims of the former Prosecutor General of Ukraine, who was a co -owner of the Zarechny Criminal Code, the court arrested the accounts and shares of enterprises that owned Zarechny as a stimulating measure. Russian creditors of the Criminal Code of Zarechny demanded the return of the body of loans and the issuance of additional guarantees to the provision. In addition, the prices in the market for energy coals fell sharply, which led to violation of the carpets in loan agreements with banks. The company's management was organized and met with the leadership of Russian creditors, where the restructuring of the existing schedule for repayment of the loan body was proposed, which made it possible to carry out break-in production activities. In response, a practically unmotivated refusal of these banks was received.

In this situation, the holding management decided to attract an investor (Uralvagonzavod NPK), with the participation of which it was proposed to create a joint Russian industrial company (RPK). And on behalf of the newly created company, to enter into negotiations with banks of creditors on debt restructuring. A RPK work program was quickly developed for the coming years (2013-2020) subject to restructuring bank loans and taking into account the existing resource. But here, the partners could not agree, and the new owner of the Zarechny Criminal Code was the subsidiary of Uralvagonzavoda-UVZ-Logistik LLC. The indicators of the “Zarechny” work deteriorated.

According to the SPARK system, only three mines remained from the above assets of the holding: Zarechny, Aleksievskaya and Sh/U Oktyabrsky with their infrastructures for the processing, loading and delivery of coal. The production of coal at 3 mines fell from 2012 to 2017 by more than nine times.

As experts reported at the Zarechnaya Criminal Code itself, due to violation of work technology and the dismantling of Loves, 5 mechanized coal mining complexes worth $ 120 million were practically lost. An accident was allowed with flooding on the sh/u Oktyabrsky, and now there is a forced flooding of the Zarechny mine, including due to electricity non-payments. Due to what the shutdown occurred and mining work throughout the company has been stopped.

Benefactors or interest?

Against this background, at the beginning of the summer of 2017, an interest from the Republic of Kazakhstan “Coal of Kazakhstan” appeared from the Republic of Kazakhstan. He was ready to take on all the obligations of the Criminal Code of Zarechny and resume her work to past indicators. The Kazakh company announced the desire to invest in production, leave the existing number of jobs, provided that the debt restructures. At the same time, she quickly entered the authorized capital with all the problems of the companies in the Criminal Code of Zarechny. She also agreed with creditors to replace debts with shares of a newly created public company, which would include all the remaining enterprises, and the bankruptcy and obligations procedure remained only on paper. However, the leadership of the Coal of Kazakhstan LLP began to resist events to improve the company, and immediately found those who wanted to help them.

The footboard is a new investor

There are documents testifying to the economic activities of the Zarechnaya Criminal Code under the leadership of the Coal of Kazakhstan LLP. Here is just one example: an order for bonuses according to OJSC "Mine Aleksievskaya", indicating how new investors can be substituted. From Kvitki we see that the average wage of workers for September is 42,000 rubles, and in October 92,000 and 77,000 rubles. respectively. At the same time, according to our information, the work from the order on bonuses was not fulfilled to the end, since there were no financing. It turns out that OJSC "Mine" Aleksievskaya "is more and more immersed in debt, in addition to those 2 billion rubles that already has. There are a number of interesting documents indicating that the LLP "Coal of Kazakhstan" sell debts to themselves. This list, for example, sells the project “Project” railway station, standing on the balance sheet of Zarechny Shakhty JSC. It was sold for 214,374,000 rubles. with its design cost 1.5 billion rubles. The transaction took place between the Zarechny mine and Transrapid LLC (Moscow) with a charter capital of 25,000 rubles. Unloved generosity in our time! Probably, even to us, the townsfolk, it is clear that a coal enterprise cannot exist without his railway station. It is clear that the Kazakhs thereby play a position for themselves to bargain with the new owner, but why is this happening in this way?

Investing or budgeting?

According to financial reports, from June to November, almost 300 thousand tons of enriched were shipped towards LLP of Kazakhstan. In total, during the management of the Coal of Kazakhstan LLP, coal was shipped, including other companies, in the amount of 1,687,002,433.31 rubles. And the costs of paying wages, the purchase of materials, the repair of equipment, for energy services were produced for the same period in the amount of 1,687,001,399,13. Gross income amounted to 1,034 rubles. 18 kopecks. (One thousand thirty-four rubles of seventeen cents)! We could not find in the actions of the leadership of the Coal of Kazakhstan LLP to carry out our operating activities, which would fall under the determination of investments.

It turns out that there are no 1.2 billion investments about which the Open City website writes, and there is only a financial policy that does not bring a penny to the area. And this happens due to the fact that coal is shipped at low prices, the contracts probably prescribe strict penalties for the inconsistency of the laboratories of the supplier and the buyer.

And if the coal is supplied on FCA, then this, of course, is the already sold station “Project” - and therefore high tariffs. The company "Coal of Kazakhstan" LLP itself probably did not offend itself. Buy coal at a low price, maximizing the costs of transactions with it, and sell it at market prices to your customers, this is not an investment. In our Russians, this is called "at the right time in the right place."

Therefore, local residents, employees and trade unions of enterprises are tired of talking about the dishonesty of owners from the Republic of Kazakhstan, who literally rob the enterprise already in a deplorable state. They came, mined coal, sold it, received revenue, took the margin, and the enterprise did not even leave funds for the next stage of production and existence. Today, there is not a single representative of the Kazakhstan LLP on the “Zarechny”, they escaped, leaving the new owner of the debts for shipped coal in the direction of the same “Coal of Kazakhstan” LLP more than 70 million rubles, as well as the problems of restoring the life of the company's enterprises. And the reality is now such that all transactions with assets and debts were made with the money of the company "Zarechny" and the people working in it.

According to the report of independent experts, by November 2017, the volume of reserves (the main indicator of the mining enterprise) decreased by 10 times. Mining was stopped at two mines - Aleksievskaya and Zarechny. Coal of Kazakhstan LLP was not paid in a timely manner. There was an outflow of qualified experienced workers (about 800 people over the past 4 months). The funds have not been allocated, compulsory work on the preparation of mines for winter has not been carried out.

Light at the end of the tunnel

We see that the Criminal Code of the "Zarechny" experienced difficult events. Currently, the new investor of the Zarechnaya Criminal Code has already spent about seven million rubles for paying salaries, repayment of debts, on the purchase of spare parts for the production of equipment repair, and the production of dismantling and installation of equipment. As a result of the work performed, the first lava will be launched at the Aleksievskaya mine in early January of the New Year. It is worth saying that before that she did not actually work for a year and a half. At the Oktyabrskaya mine, an increased pace is dismantled of the old lava and a change in a new one. The new investor boldly invests in the social direction. He intends to support all the programs that were carried out at the company's enterprises in the old days. The UK "Zarechny" and the teams of enterprises deserve decent management. And there is confidence that the new owner will create everything necessary for the organization of systematic work on the development of this enterprise, return the assets sold by illegally the former owners, and also bring the enterprise to a new round of development.

New horizons for the UK "Zarechny", "City Gazeta", December 8, 2017