State block of shares in the amount of 50% + 1 share in the authorized capital of PJSC “Rivne Radio Engineering Plant”

Description

Name of the privatization object: state block of shares in the amount of 50% + 1 share in the authorized capital of PJSC “Rivne Radio Engineering Plant”, amounting to 22,423,190 shares.

Amount of the Company’s authorized capital: UAH 11,211,594.25. The authorized capital of the Company is divided into 44,846,377 ordinary registered shares with a nominal value of UAH 0.25. As of August 31, 2023, 22,423,187 shares are privately owned by non-state shareholders; 22,423,190 shares (50% + 1 share) are state-owned and constitute the block of shares that are the subject of privatization.

Location (legal address): Rivne city, 25, Danyla Halytskoho St.

USREOU code (ЄДРПОУ): 14314989.

The average number of employees as of 31.08.2023: 0 people.

The main business activity according to the NACE: 26.30 Manufacture of communication equipment.

Due to fact that PJSC “Rivne Radio Engineering Plant” has not carried out economic activities since 2013, was subsequently declared bankrupt, and also did not transfer the primary accounting and financial documents of the Company from the previous management to the liquidator, financial statements were not generated and submitted during the bankruptcy procedure.

Main financial indicators:

#	Indicators (thousand UAH)	As of 31.08.2023
1.	Assets	243,117.2
1.1	Non-Current assets	243,117.2
1.2	Current assets	0.00
2.	Liabilities	243,117.2
3.	Total income, including:	–
3.1	Net income from sales of products (goods, works, services)	–
4.	Total costs, including:	–
4.1	Cost of goods sold (goods, works, services)	–
4.2	Administrative costs	–
4.4	Other operating costs	–
4.6	Income tax expenses	–
5.	Net profit (loss)	–

As of 31.08.2023:

Accounts payable – UAH 18,501.3 thousand, including:

• wage arrears – UAH 12,479.8 thousand;
• insurance settlements – UAH 1,122.0 thousand;
• settlements with the budget – UAH 1,831.1 thousand;
• goods, works, services – UAH 3,068.4 thousand.

Information about the objects (real estate): the object includes 7 registered units of real estate (6 production buildings, pumping station) with a total area of 68,795.00 sq. m. located at the address: Rivne city, 25, Danyla Halytskoho St.

Information about land plots: real estate objects owned by PJSC “Rivne Radio Engineering Plant” are located on a land plot at the address: Rivne city, 25, Danyla Halytskoho St., with cadastral number 5610100000:01:037:0080 with a total area of 11.3834 hectares, with a purpose of 11.02 “For the placement and operation of main, subsidiary and auxiliary buildings and structures of processing enterprises, processing machines in municipal ownership”. A dog kennel is located on the specified land plot.

The land plot also contains real estate owned by third parties.

On the balance sheet of the enterprise there are assets that are not subject to privatization, namely: a shelter with a total area of 2555.5 sq.m. The civil defense facility is the basement of a factory building No.2.

Information on legal disputes: there are legal disputes in which the Company is a participant.

The Company does not emit or discharge pollutants into the environment.

Information about the presence/absence of mobilization tasks: there are no mobilization tasks (orders) in the company.

Privatization conditions:

• repayment of debts on wages and to the budget within 6 months.

Time and place of the object inspection: on weekdays from 8:00. to 17:00, on Fridays from 8:00 to 15:45.

Phone: +380362-68-40-07, e-mail: rivne@spfu.gov.ua.

Responsible person: Anatoliy Franchuk.

Auction organizer: Regional office of the State Property Fund of Ukraine in Rivne and Zhytomyr Oblasts, address: 33001, Rivne Oblast, Rivne city, 24 Petra Mohyly St., website address – http://www.spfu.gov.ua/.

Phone for information: (+380362) 68-36-93.