The chief management officer of UFA, Valentin Lysacek, was not pleased with the result of often the first meeting involving the board of directors of UFA and the creditors associated with UFA. He was dissatisfied and thought that this discussion would be more productive if more period was handed to the loan companies of UFA. He / she is convinced that the users of the board of UFA should not be way too hasty for taking decisions with regard to the sake from the organization. They have to look at all of the factors and success of their own decision.
Valentin Lysacek: “The discussion created some interesting and critical points. UFA had hoped to have a direct approach using both economic reports and discussions using the two years experience regarding our consultants. Sad to say, our own first session developed zero result for the reason that creditors performed not concur with your proposal. In addition, one lender stated that his business will not negotiate with the company until the proprietors give him the good answer concerning the particular possibility of selling often the enterprise. “
The users of UFA have for you to give a reply by means of March 1st, that is regarded as a very tight contract by many people engaged in the organization. With the other hand, in least 1 creditor stated that he desires the owners of UFA to make another offer before March 1st. If often the owners do not help make an offer on typically the described date, he expects this creditors to force the issue to be able to up coming month’s meeting. However, the idea is more likely the fact that the company are going to be wiped out, so it is significant to work fast.
Often the CCCB [the Core Club regarding Russian Business] thinks about that that is almost impossible regarding the firm to make it for at least one more several years without any substantial support through investors. Relating to them, in order this can endure for with least 1 year is in the event that the idea is able to help safeguarded an additional 75 million roubles through the design with a 3rd party. It is very impossible that the owners associated with UFA will consent to this particular proposal since it signifies that they would have to stop trying most connected with their possession, such as the property of most of their properties, and pay a new very high dividend.
Like a new conclusion, UFA should find a new user who also is willing to sign some sort of one-year or maybe a new three-year agreement, dependent on whether it is a good one-year or a good three-year syndication. They have to likewise provide whole economical support during the period of often the arrangement. In the event these the weather is fulfilled, in that case the company is definitely expected to emerge from often the difficulties it can be experiencing around a positive situation. However, some believe that the business will definitely not survive regarding long and that often the economic conditions in Russian federation will not really permit it to keep its current position. Nonetheless, it can be very critical for UFA to find a lover for the enterprise and that partner should originated from a new company with a really solid foundation. To get example of this, it is very critical that the partners include at least five decades regarding experience in the niche.
On the various other palm, there are as well selected disadvantages that are linked with buying UFA. The biggest problem is the particular risk included because investing in the real house marketplace can be extremely risky. The main chance is related to typically the possibility of finding the client for the supply that will do not really satisfy all the ailments. The other risks contain the chance of paying too little income and even losing a great deal of money, while the most popular risk is the fact that the distribution is going to certainly not produce enough dollars in order to fulfill the demand.
In spite of these types of complications, the government has chose to offer UFA special rewards in order to stimulate investors to be able to make investments throughout the country. One connected with these advantages is often the so-called bread and butter law, named after Financing Minister Alexey Uzhov. The law stipulates that a person is going to be granted a one-year as well as a two-year stay in, based on the time of his family members. A new one-year stay permits a individual to earn up 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 comparable to one percent of their investments.
The second primary benefit offered by typically the ufa program is the unsuspecting special oilemen profit. This benefit is made in particular for oil drillers and producers who attain their income through the great deals of gas. According for you to that law, these persons will be given a few years of free oil income. This means the fact that they will not possess to pay virtually any taxes for the period associated with time when they get this particular benefit. Moreover, in accordance with the current global economic conditions, best of the Russian engine oil businesses are suffering from typically the lack of investment cash, and they need almost all the assistance they may get.