The network of travel agencies «Kuda.ru» collects the claims of creditors under the supervision of the bank «UniCredit». This is a preparation for bankruptcy, does not preclude market participants.
The network of travel agencies «Kuda.ru» start collecting claims of the creditors, told Russia’s Investment Manager Infox.ru. According to another source – an employee of tourism companies, operating control of the «Kuda.ru» have passed to the representatives of the main creditor of the network – Yunikreditbanku. «We can not comment on it», – said the head of the Department of Corporate Communications CJSC «UniCredit Securities» Veronica Reef.
25% plus one share «Kuda.ru» owned fund UFG Private Equity. The remaining shares – AJK Trustee Services Ltd., Owned by the founders of «Turalyans Holding». Close keditorom «Kuda.ru» is Yunikreditbank.
«The company is ready to bankruptcy, to clear of debts and tax liabilities in order to attract investors in the future», – said a source in investbiznese. Representatives of private equity fund UFG Private Equity refused comment.
The collection of claims of creditors does not mean a final decision on the bankruptcy notice the director general of legal company «Persona Grata» George Mokhov. «If not filed an application by a debtor to arbitration, then bankruptcy may not happen, yet the collection of claims of creditors. But I do not exclude such a development, as bankruptcy. Sometimes it makes sense to bankrupt the company to clear its tax obligations », – said the lawyer.
Possible start of bankruptcy proceedings «Kuda.ru» can be connected with effect from June 5, amendments to the Law «About bankruptcy», – a George Mokhov. The most significant changes in the accountability of managers (founders, board members, accountants) with the onset of bankruptcy. The new version of the law, now all administrators will have subsidiary liability to creditors.
Since the beginning of the year in the arbitration court of Moscow has 26 claims against the company «Academ Alyans M» (a network of shops «Kuda.ru»). In the district court of Moscow continues to receive claims of former employees of OOO «Academ-alliance» ( «Kuda.ru») with the requirement to pay wages. According to industry experts, the amount of debt «Kuda.ru» greatly exceeded the value of the company.
«In connection with the entry into force of amendments to the law, many companies began to take steps to comply with the bankruptcy proceedings. The procedure is lengthy, so the company will be time to restructure debts. The procedure has several stages – financial improvement, competition management, etc. If at the stage of financial recovery will be heads of funds and invest them in business, then it will be possible to save the company next season », – said George Mokhov.
Other industry experts pessimistic estimate the chances of survival of business «Kuda.ru» and selling brand. «It makes little sense to sell an existing brand or to invest in it», – states the general director «Astravel» Valery Loschits.
In the event of bankruptcy «Kuda.ru» tangible and intangible assets otoydut creditors. «They are all simply defer to the best time to sell to anyone or to start investing money in business. In my opinion, prefer the first option. But easier to create a new brand, », – Chairman of the Board of Directors of UTS Travel Alexei Krylov.
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Categorized | Mergers & Acquisitions (IT)
“Kuda.ru” prepares for bankruptcy
Posted on 01 June 2009
June 1st, 2009 at 1:00 pm
Thanks for posting the article, was certainly a great read!