KYIV. March 9 (Interfax-Ukraine) – The regional department of Ukraine’s State Property Fund (SPF) has put 99.998% of the share capital of public joint-stock company Spektr-Smela (Cherkasy region), a upholstered furniture fitments producer, up for sale.
According to an announcement in the Vidomosti Pryvatyzatsii newspaper, the initial price of the stake is UAH 36.719 million. The auction will be held on March 31.
According to the conditions of the tender, technological unity and integrity of production are to be retained, new types of products are to be developed and arrears in payments to budgets and payment of wages cannot be recorded.
The fund said that in 2016 sales of the company grew by 17%, to UAH 14.9 million. The balance sheet profit was UAH 1.73 million compared to UAH 700,000 a year ago, and net profit totaled UAH 1.42 million compared to UAH 570,000.
The company’s receivables as of January 1, 2017 was UAH 3.85 million, and accounts payable – UAH 3.53 million, production efficiency was 9.5%. The cost of assets amounted to UAH 34.7 million and the net worth – UAH 32 million.
Spektr-Smela was founded in 1995. The company produces mechanisms for transforming sofas, furniture brackets, hinges, corners, wheel supports, carcasses of sofas and beds, as well as tooling. It also provides metal processing services.
