Sale of rights to claim on the loan to the manufacturer of metal doors and locks “PK ZSI” with 49% discount

On 10 June the Auction House of the Russian Federation (OJSC AHRF) has appointed an auction for the sale of rights (claims) on the loan of OJSC “Sberbank of Russia” issued for LLC “PK ZSI” (the Assignee – LLC “The El’bor Plant”).
To date the amount of debts due the loan is 411.81 million rubles. The minimum selling price – 210 million rubles (starting price – 411.89 million rubles). Thus the Buyer purchases the right with 49% discount , that is about 201.81 million rubles.

The securities for the loan are the movable and immovable property of the production site of the company.
• The total area of real estate – 100 thousand sq. m. , of them the total area of two land plots – 7,9 he;
• Movable property (processing line) – 176 units.

The site is located at the address: 30 , Pesochnaya Street , Borovichi , Novgorod Region.

“The Purchaser of these assets gets the position of the Pledge Lender in the bankruptcy procedure in relation to the owners of the objects – the Pledgers (LLC “PK ZSI” , LLC “Energiya” , LLC “Anker”). He will be able to determine the procedure order and conditions for the sale of the property and will receive 95% of the profits of its sale , taking into account the costs for meeting claims of the first- and the second-priority creditors.
The market value of the pledged assets is not less than 309 million rubles. Taking into account the liquidity of the pledged property and the minimum price of the rights on the loan – 210 million rubles , it is possible to forecast that the benefit will greatly exceed the cost of the rights (claims) acquisition at the auction.
If the assets will not be sold under the bankruptcy procedure after the second bidding , the Pledge Lender will be able to keep them” (Olga Zheludkova , Head of Department for Work with Banks Troubled and Non-Core Assets of the Auction House of the Russian Federation).

For detailed information about the object of sale please see the website of the Auction House of the Russian Federation (OJSC AHRF)