Презентация Penoterm

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Transcript Презентация Penoterm

Investment program:
«Production of foamed goods
Penoterm™»
2 april 2009
Yekaterinburg
Disclaimer
The information contained in this Presentation is given by the owners of JSC «Uralplastic» on
confidential basis to the limited circle of competent investors.
This presentation is not allowed to be used partially or entirely for any purpose without prior
written arrangement of the owners.
Any part of this presentation is not an offer for participation in capital of any other existing or
future project under administration of Uralplastic.
The possibility of investing Project under administration of JSC “Uralplastic” is discussed
here for information only and any investments in Project can occur on the basis of additional
properly issued and legally binding documentation in compliance with legislation.
The owners of JSC “Uralplastic” do not guarantee that the investment will bring outcome.
Previous work do not guarantee future outcome.
www.uralplastic.ru
www.penoterm.ru
2
Market of foamed goods
Structure of the foamed polymeric goods market
Foamed polymeric goods - actively developing segment
of the world plastic market.
PVC
other
1%
15%
Foamed polyolefine ( foamed polyethylene, foamed
polypropylene, polyethylene and polypropylene mixture)
make about 4%. It is the most fast-growing segment in the
market of foamed goods.
polyolefine
4%
polyurethane
55%
polystyrene
25%
Production of unsewed foamed polyethylene in 2006
JSC
“Stroidetal”
20%
The rest
19%
polypropylene (Penoterm™) in Russia
JSC “Uralplastic” doesn’t have enough facility to
satisfy growing demand on production.
JSC “ Slantsy
Plant”
7%
JSC “LIT”
19%
JSC “Izokom”
10%
JSC “Izhevsk Plastics Plant”
завод
пластмасс
10%
JSC «Uralplastic» - the only producer of foamed
JSC
”Uralplastic”
15%
Rate of market growth is 15-20% that is contributed
to:
•Economic development and building growth;
•Introduction of energy-saving technology;
•Production popularization and interest to the new
producible goods;
•Active development of sales.
www.uralplastic.ru
www.penoterm.ru
3
Terms of participation
Basic conditions
Yield to the capital
Closing amount
Financing on basis of capital entry in originating company and 3 year credit
Multiplier 3
RUR 100 mln (1st closing) – RUR 50 mln (2nd closing)
Capital forming
Austria
Financing
period
4 – 5 years
Investment amount
150 000 000 RUR
Desired
interest rate
6% in currency
Offered
share
Interest call
49%
10 workdays
www.uralplastic.ru
www.penoterm.ru
4
Leadership of company Penoterm™
Goncharov Alexey Ivanovich, date
of birth 10.02.1968
General Manager
JSC Uralplastic.
Proselkov Alexey Valentinovich,
date of birth 03.05.1970
General Manager Assistant
JSC Uralplastic.
•Produces polymeric packaging for
•Has 11 year experience of
16 years;
•Has 10 year experience in
consulting: capital formation from
international and Russian markets;
•Has 5 year experience in public
company management;
•Successfully prepares and
introduces financial strategies;
•Cooperates with mass media of
Russia and EU.
Russian companies development
with the use of up-to-date
management instruments;
•Has 4 year experience in public
company management;
•Set in operation foamed goods
production and modernized flexible
packaging on JSC Uralplastic.
Apalikov Alexandr
Vladimirovich,
date of birth 18.10.1978
Engineering Manager of
foamed goods production
JSC Uralplastic.
• successfully introduces
industrial project developing
foamed goods production;
• has positive experience in
company consulting solving
questions of industrial
engineering.
www.uralplastic.ru
www.penoterm.ru
5
Project’s structure
Creation of Penoterm Assets Management и
Penoterm stock company structure,
of mechanism that will essentially raise effectiveness of realization of Penoterm project,
liquidity of designed assets under management,
and also will provide additional profit on coming out of projects upon completion.
Uralplastic
+
Investor
Special investment instrument
for assets management and
effective coming out
(Stock company)
Selection of effective coming
out
(Sales of parts in stock company
or coming out in the public capital
market)
Jurisdictions and Facilities
1st Stage:
2nd Stage:
3rd Stage:
Preparation of project for realization in
the context of established structure
(Stock company) and strategy. /
Possibility of using the investor’s capital
and project collateral to attract initial
financing and first closings.
Valuation of Stock company’s
project assets and functioning
of Penoterm Assets
Management Structure by
realization JSC project.
Maximum utilization of market
factors for Stock company
Penoterm cost increase.
Private liquidity
Half liquidity
Attraction of all segments investors
for redemption stock of the
Company.
Full liquidity
www.uralplastic.ru
www.penoterm.ru
6
Step succession
Steps
Date
Stage 1:
Discuss: Scale of the creating Stock company Penoterm, degree of the Partners’ investment obligation/
Mutual understanding memorandum.
Make a decision about size of the General Partner’s investment obligation.
Organizing additional meeting with Management company representatives to discuss Structure functioning
principles.
Creation of the united workgroup realizing the project, selection of the Project consultants.
Accordance of the essential information for Stock company registration and Initial Due Diligence for
Business plan ratification.
Subscription of the Investment obligation letter as a part of General Partner in Agreement about
lobes subscription in Stock company including:
About 20
documents at
all
- General conditions of Stock company;
- Agreement about lobes subscription in JSC ;
- Allocation of shares;
- Joint-stock agreement;
- Investment agreement with Management;
- Business plan size;
- Marketing documentation.
Subscription of the General Partner’s documents
Stage 2:
Organization of functioning and starting of JSC Penoterm Group
www.uralplastic.ru
www.penoterm.ru
7
Stages of the investment
attraction
stage
stage 1
Resource / Closing stages (RUR)
1st payment for procurement from Management company
– from General Partner’s funds
Project start is also connected with
subscription of all Penoterm documents.
General Partner’s capital payment – 40.000.000.
Use of the General Partner’s capital.
1st step of the Project Development Plan
(PDP) and preparation for assets
transferring in the Structure.
1st closing – 100 000 000 RUR from ‘cornerstone‘
investors as a stockholder.
2nd part of the payment – 50 000 000
2nd step of PDP
Does not require outside Executive and
Non-Executive Directors, council and
investment committee valuation.
Ending of the initial attraction and
beginning of the Structure functioning.
The Stock’s structure is established
=>
stage 2
stage 3
Comment
1st Investors’ segment (2nd Closing) – Process of
organization and equipment assembling – next
investments.
Penoterm AM cash assets and other commission
according to the Term Sheet.
Debt capital is 150.000.000* without taking into
consideration debt financing for the Project.
Process of transferring assets in the
Structure.
Requires outside Non-Executive
Directors and observance of the JSC
management procedures, committee of
directors and Investment Fund
Commitee.
2-5th Investors’ segments (Final Closing)
Payment for management and other commission
according to the Term Sheet.
Requires outside Executive and NonExecutive Directors, observance of the
Fund Management procedure, committee
of directors and Investment Fund
Commitee.
www.uralplastic.ru
www.penoterm.ru
8
Project Development Plan (PDP)
Basic Steps on Stages 1-2:
1. Working out Joint-stock company’s strategy and structure
•
•
•
Determination of all parts JSC Strategy including Scale and Facilities of JSC, strategic aims, resources and team.
Determination of juridical and organizational structure and principles.
Working up of the General Partner’s package, investment conditions of JSC, offers, Joint-stock agreement, Jointstock agreement with Management, Business plan size, Marketing documentation.
2. Company’s Business plan
•
•
•
Determination of bargain’s procedure taking in consideration analysis of investment characteristics, strategic aims of
coming out and optional value.
To chose Consulting agency according to the corporate management and Investment Committee for goal-setting and
operational plans as a part of Fund’s Business plan.
Working up of the Investment Memorandum for investors and expecting planned performance for future investment
companies as a result of Business plan.
3. Investment attraction
•
•
•
Working up of the investment attraction strategy, its approval on Company Meeting among the team.
Effective use of the connections outside supporting structures.
Searching optimization of all capital sources and elaboration of Presentation and Marketing materials for 5 investors’
segments and forming of the juridical documents.
4. JSC Penoterm functioning
•
•
•
To provide transaction regularity and state the value of project’s dynamic аnd assets cost growth dynamic.
First closing/ investment.
To state the value team performance holding clearance level and closing results with the use of key factor.
www.uralplastic.ru
www.penoterm.ru
9
Stages of Joint-stock
Company income creation
7 constituents of Joint-stock Company cost creation make integral process.
2
Creation of the “biggest company in the
foamed goods market with high reputation
(creation of brand, aim and positioning,
marketing, PR) an realization of the
Projects generating high investment income
Strategy,
structure, JSC
architecture
(Business
Plan, Team)
Investment
attraction
Beginning o
project
realization
3
Strategy of the
attraction and
realization /
‘demonstratio
n’
The use of the Strategic Resources:
Project’s scale / Stockholders’ facilities/ Values
and business practice / Connections / Projects’
disposal and influence at maximization
Company’s assets cost
Ending o the
project
4
Specific project
realization/
Initial Due
Diligence
5
Project start
Final cost forming
«Coming out»
alternatives
6
Strategic and
financial control and
maximum cost
achieving
1
7
«Coming
out» strategy/
Sell process /
Cost of the
Company
Aim of the
company
creation
www.uralplastic.ru
www.penoterm.ru
10
Why to chose Russian Project
Penoterm™ ?
•
•
•
•
•
High speed of market growth
Low competitiveness of the most Russian producers, free
market recess
The best correlation of price and quality
Up-to-date technologies and equipment
Qualified management
Marginal profit of product groups of unsewed in December 2008
For central region dealers
60
54
52
51
50
38
40
% marginal profit
40
51
47
36
38
30
20
10
0
НПЭ 0,5- НПЭ 2-3 НПЭ 4-5 НПЭ 8-10 НПЭ-Л
1,5 мм
мм
мм
мм
НПЭ-ЛП НПЭ-ЛП НПЭ-ЛФ НПЭ-ЛФ
2-5 мм 8-10 мм 3-5 мм 8-10 мм
www.uralplastic.ru
www.penoterm.ru
11
Review of the foamed goods’
market
Volume of inside foamed НПЭ and НПП production
In 2004
- - 2006, in tons
16000
14 400
Average increase of the production volume on
Russian factories against similar period 2004 is
16,5% - the dynamic is stable for several years.
12 500
12000
10 470
8000
4000
0
2004
2005
2006
Part of the thermal protection in the structure of
foamed polyethylene production in 2006
In foamed thermal protection structure in home market the part of
thermal protection materials is 75% – 10800 ton.
Thermal
protection
75%
Nowadays in Russia there is a big deficit in high-quality
insulating material, that now is being bought in Europe.
Market research showed the necessity to extend facilities of
producing foamed goods.
Others
25%
www.uralplastic.ru
www.penoterm.ru
12
Sources of growth in the
foamed goods market
Growth of the unsewed foamed polypropylene
300
Consumption growth, ton
The growth of unsewed foamed
polypropylene is expected due to:
•Consumption increase in the field;
•Gradual exclusion of substitute materials
(the closest substitutes are foamed artificial
rubber and ППЭ);
•Use in the fields, in which they were never
used.
280
240
250
200
170
160
190180
170
140
150
100
50
190
80
20
40
60
30
20
0
2006 year
2007 year
2008 year
2009 year
2010 year
Growth due to consumption increase in the field
Growth due to other material substitute
Growth due to use in the other fields
Combined growth of the use will be formed due to growth of demand in
building field and due to refusal from the use of substitute materials.
Beginning from 2006 foamed polypropylene “Penoterm” production
increases up to 40 % per year. Nowadays company’s capacity do not
satisfy headily increased demand for this production.
Today no one in Russia has facilities and technologies of producing
foamed polypropylene, what allows to lead competent price formation
policy ejecting similar materials.
www.uralplastic.ru
www.penoterm.ru
13
General description of
Penoterm™ Company
1. Specialization - Porilex™ and Penoterm™ - foamed polyethylene and polypropylene with closed cellular
structure producing on the newest Italian line according to the up-to-date ozone saving technology of foaming
by propane-butane mixture.
2. Penoterm™ - the only material made in Russia, unsewed
material derivable by extrusion method (while producing
molecular structure of the polyethylene does not change)а не
изменяется) that gives a huge amount of competitive
avantages.
3. Opening of the Penoterm™ company with up-to-date
equipmentс in Moscow district will:
• allow to arrive at producing about 16 mln. sq.m. a
year;
•give an opportunity to get about 240 mln. RUR. gain;
•consolidate market positions of JSC Uralplastic in
Central and North-west region;
•extend company’s presence in the market of Volga,
Ural, Siberia and Far-Eastern regions;
•extend foamed material market against existing
volumes in 2 times.
Penoterm company’s gain, RUR.
300 000 000
250 000 000
200 000 000
150 000 000
100 000 000
50 000 000
0
2010 year
2011 year
2012 year
2013 year
www.uralplastic.ru
www.penoterm.ru
14
JSC Uralplastic description and its
connection with Penoterm™
JSC Uralplastic is regional leader of
foamed polymeric material production:
EBITDA JSC "Uralplastic”
•Monthly output volume is more than 1 600 000
240 000
.
. RUR
Thousand
sq.m.;
•Up-to-date technology of foamed goods
production;
•Qualified staff;
•All production is certified and has all necessary
technical documentation;
•Extensive distributive net with potential growth of
25-30%.
200 000
160 000
120 000
80 000
40 000
0
2005
2006
2007
2008
2009
2010
2011
2012
Creating Penoterm production, we:
•reduce the risks of sales amount fall;
•reduce commercial costs;
•get additional advantages due to experience and scale
effect;
•position ourselves in the markets with lower competition;
•develop existing distributive net and coming out to the new
heavy users in central region.
www.uralplastic.ru
www.penoterm.ru
15
Primary customers of the products
•Building -
resilient soundproof building materials in floor constructions and installation
basis;
•Mechanical engineering – thermal and sound protection of refrigerators, isothermal
case, air-conditioners; assembly and joint ribbon; vibrated and thickening elements; heatreflecting screens;
•Packaging
– protective packaging of household appliances, computers;
packaging for medical instruments and other fragile commodity;
paddy
•Motor-car industry – thermal and sound protective compressors for doors and other
parts of the salon, thermal protection of the ceiling, damping laying;
•Medicine – orthopedic produce (inserts in the corsets, head holders, insoles in special
shoes, elastic elements for shoes);
•Energy (trumpet isolation) – thermal protection for cold water pipelines;
•Skin producing industry – laying materials of different thickness in bags, rucksacks,
shaped hard skeletons of bags, suitcases, folders, папок; warming for guitar covers.
www.uralplastic.ru
www.penoterm.ru
16
Calculation of the investment
cost in the project
Investment amount will be 150 mln. RUR., including:
1. Rent of the area
Required area is 7000 sq.m., the cost is 70 $ a year per 1 sq.m. A year rent amount - 490 000 $ or 15,68 mln.
RUR (rate of exchange 32 RUR for 1 $).
№
Equipment type
1. Extruder
2.
Universal modernized
on-lane laminator
Producer
pieces.
2. Equipment bargain
The investment for the equipment will be 113,7
mln. RUR (rate of exchange 50 RUR for 1
Euro).
Cost,
Euro
Italy, F
1
1 100 000
Italy, F
1
160 000
1
1
80 000
2 000
1
185 000
1
210 400
1
66 667
1
88 889
3. Extruder laminator on-lane
Italy, F
4. Cutting machine
Uralplastic
Line on foam waste
Europe,
5.
processing
Taiwan
Gas economy: capacities, pumps
6. of low pressure, ventilation, the Groove,
compressor
7. ПАЗ system
Repair of premises, warehouse,
8.
electricity
Total
9. Delivery
10. VAT, customs
All
1 892 956
27 000
354 800
2 274 756
3. Performance of civil and erection works,
gas connection
First year it is required to invest shop floor repair
and gas connection works. Investment amount–
16 mln RUR
4. Requirement for circulating assets
The annual requirement for the circulating assets,
calculated on the basis of predicted release, will
make 4,5 mln RUR
www.uralplastic.ru
www.penoterm.ru
17
The offered scheme of the
investor’s input in the Project
• Within the limits of creation of the new company under the project the
Initiator considers possibility to create with the partner joint venture in the
form of the closed joint-stock company. Understanding risks from outside
the investor in this project we are ready to concede in the given
project of 49 %.
• The initiator is ready to consider both the demand line of credit, and the
international trading financing of this project.
• Initiator of the project it is ready to sign the agreement on the return
repayment of a share holding in an agreed period between the parties, and
also consider possibility construction of a network of such production in
territory of the CIS.
• Calculations show a recoupment of the given project in a
current of 3 years
• The Initiator is ready to start negotiations immediately after
receiving positive conclusion from outside the Partner
www.uralplastic.ru
www.penoterm.ru
18
1/5 Investment period and
recoupment
16 000
300 000
Shipment and gain Penoterm
Growth of gain Penoterm ™ is
predicted as a result :
14 000
200 000
10 000
8 000
150 000
Thousand RUR
12 000
• increases in demand, volumes of output
and production realization;
• inflationary expectations;
• increases in a share of more expensive
6 000
100 000
4 000
50 000
2 000
production in realization volumes
0
0
1 year
2 year
Shipment,
thousand in
sq.m.
3 year
4 year
Correlation of price realization and expenses
Production unit Penoterm
5 year
Gain, thousand RUR
24,00
21,00
1 year - start of an industrial line
2 year –achievement of a point of
break-even
3 year – receiving of the sales profit
4 year – production efficiency
escalating
18,00
15,00
RUR.
Thousand in sq.m.
250 000
12,00
9,00
6,00
3,00
0,00
1 year
2 year
3 year
4 year
5 year
Average price realization, production unit, RUR
Average cost price realization, production unit, RUR
www.uralplastic.ru
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19
2/5 Investment period and
recoupment
Look-ahead balance
Balance
Extraturnaround actives
2 year
1 year
3 year
4 year
5 year
19 000
126 194 736
111 946 479
97 698 221
83 449 964
0
126 175 736
111 927 479
97 679 221
83 430 964
19 000
19 000
19 000
19 000
19 000
0
0
0
0
0
98 908 560
-4 873 811
-56 894 178
-75 057 369
-29 178 494
stock
0
769 094
1 114 096
1 448 639
1 550 270
accounts receivable
0
5 550 241
8 344 690
10 772 375
13 581 281
98 908 560
-11 193 146
-66 352 964
-87 278 383
-44 310 045
0
0
0
0
0
Total actives
98 927 560
121 320 925
55 052 301
22 640 853
54 271 470
Own capital
40 000 000
26 405 115
14 099 067
17 369 924
47 771 491
Authorized capital
40 000 000
40 000 000
40 000 000
40 000 000
40 000 000
Unallotted profit
0
-13 594 885
-25 900 933
-22 630 076
7 771 491
Other authorized capital
0
0
0
0
0
Borrowed capital
58 927 560
94 915 810
40 953 234
5 270 928
6 499 979
Short term credits and loans
58 927 560
91 598 167
36 639 267
0
0
Long term credits and loans
0
0
0
0
0
Creditor debts
0
3 317 643
4 313 967
5 270 928
6 499 979
Other obligations
0
0
0
0
0
98 927 560
121 320 925
55 052 301
22 640 852
54 271 470
Basic means
Non-material actives
Other extraturnaround actives
Turnaround actives
Money resources
Other turnaround actives
Total passives
The balance of the Project is calculated on the basis of monthly changes which are
aggregated to quarterly sizes, and further in are reduced to annual indicators
www.uralplastic.ru
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20
3/5 Investment period and
recoupment
Look-ahead report on profits and losses
Report on profits and losses
1 year
2 year
3 year
4 year
5 year
Gain without VAT
0
13 214 881
100 567 063
134 317 733
241 120 147
Growth, %
-
-
661%
34%
80%
Cost price
0
-15 735 694
-81 372 891
-102 610 090
-169 794 788
Total profit
0
-2 520 813
19 194 172
31 707 643
71 325 360
0%
-19%
19%
24%
30%
Commercial and administrative expenses
0
-1 160 022
-7 305 134
-10 171 644
-17 075 041
EBITDA
0
-3 680 835
11 889 038
21 535 999
54 250 319
0%
-28%
12%
16%
22%
Amortization
0
-4 749 419
-14 248 257
-14 248 257
-14 248 257
EBIT
0
-8 430 254
-2 359 219
7 287 742
40 002 062
0%
-64%
-2%
5%
17%
Percentage payments
0
-5 164 631
-9 943 420
-2 059 077
0
EBT
0
-13 594 885
-12 302 639
5 228 666
40 002 062
Profit tax
0
0
0
-1 843 900
-9 600 495
Net profit
0
-13 594 885
-12 302 639
3 384 765
30 401 567
0%
-103%
-12%
3%
13%
Total margin, %
EBITDA margin, %
EBIT margin, %
Pure proitability, %
The look-ahead size of incomes and direct costs is calculated on the basis of the data about
shipment under already realized similar project of Joint-Stock Company "Uralplastic" on the basic
platform.
The coming out on positive pure profitability is expected since 4 as a result of clearing of the basic
debt.
www.uralplastic.ru
www.penoterm.ru
21
4/5 Investment period and
recoupment
Calculation of NPV
Calculation of NPV of own Penoterm capital 01.10.09.,RUR
1 year
2 year
3 year
4 year
5 year
Pure profitability
0
-13 594 885
-12 302 639
3 384 765
30 401 567
Amortization
0
4 749 419
14 248 257
14 248 257
14 248 257
Reduction/ (increase) of working capital
0
-3 001 692
-2 143 127
-1 805 267
-1 681 486
Percentage payments * (profit tax 1-rate)
0
-3 925 119
-7 556 999
-1 564 898
0
Capital investments
-38 747 560 -90 990 240
0
0
0
Free Cash Flows to Firm (FCFF)
-38 747 560 -106 762 517
-7 754 509
14 262 858
42 968 338
Rate of increase in concluding period,%
5%
Cost of final cash flow
(terminal cost)
410 488 024
Average cost of the capital,%*
Period
Discounting factor
Discounted cash flow**
15,47%
15,47%
15,47%
15,47%
15,47%
1
2
3
4
5
0,87
0,75
-33 557 078 -80 075 260
NPV of Penoterm cash flow
89 340 071
Credits and loans
-58 927 560
NPV of own Penoterm capital
30 412 511
0,65
0,56
0,49
-5 037 019
8 023 533
199 985 895
Business cost is calculated by a method of Free cash flows to firm Penoterm™
FCFF - the cash flow without debt loading under credits, shows negative values in 1 and 2 in
connection with considerable investments in the basic means
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www.penoterm.ru
22
5/5 Investment period and
recoupment
Profit on realization and EBITDA Penoterm
Positive dynamics of profitability
on EBITDA and net profit is
predicted as a result:
expenses;
• increases in production
demand.
54 250
50 000
40 967
Thousand RUR
• decrease in debt loading;
• decrease in indirect
60 000
40 000
30 000
21 536
20 000
11 889
10 000
0
8 407
0
0
-10 000
-20 000
1 year
-3 681
-7 565
2 year
-809
3 year
Proit on realization
4 year
5 year
EBITDA
418 250 510
At high probability of preservation of rates
of increase of the market and designed
capacities during the postlook-ahead
period, project cost by 2018 will make 418
million RUR and will increase by 179 %.
149 917 800
Future cost of the company
руб.
Initial investments
www.uralplastic.ru
www.penoterm.ru
23
Investor’s coming out of
shareholders’ structure of the
company
Acquisition of Penoterm Region share can have the purpose of
receiving the income profit of cost growth of the share capital and
coming out of the project in 2-3 years. This period will allow
management to deduce the company on the following stage of
development.
Management Penoterm accurately realises that growth of
profitability of business along with open strategy of development
is pledge of a successful exit of participants from the project, and
intends to adhere to these principles in the work.
As a result of realisation of planned actions Penoterm will represent
attractive object for investment.
Strategic investors can be interested in realization of a synergy with
Penoterm and can offer the considerable extra charge to a market price.
Strategic investors have already expressed steady interest to acquisition of
all business Penoterm.
For increase in interest of strategic investors in acquisition of a share or all
business Penoterm it is necessary to win a considerable share in target
segments.
The basic owners of Joint-Stock Company “Uralplastic" will be ready
to offer in the future the attractive price for a share in Penoterm.
If necessary the basic owners Penoterm have possibility to involve the
credit for payment of a redeemed share.
www.uralplastic.ru
www.penoterm.ru
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The offer or the investors
Requirements for financing are defined by two purposes: development of manufacture and a gain of leading
position in the Russian market.
The offer for banks - working capital financing.
The Base scheme assumes attraction of the bank credit since 1
provided with the equipment, with the following provisions:
− the renewed demand line of credit limits in 50 million RUR;
− the size of the credit is calculated as cost of the got equipment;
− borrowers: the operational companies;
− the rate of percent on the credit – 6 % annual in euro.
The offer for investors – participation financing.
It is offered to investors to 49 % in company Penoterm Region;
means from share sale will be used on working capital replenishment,
rent and СМР;
Penoterm is Region ready to consider various schemes of financing.
Advantages of participation in capital Penoterm:
-various possibilities of coming out;
-high rates of increase of a gain at preservation margin conduct to fast
growth of cost;
-after achievement of a considerable share of market Penoterm becomes
attractive for investments from large international players of a chemical
branch.
www.uralplastic.ru
www.penoterm.ru
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Juridical structure
Owner
Partner
Austria
Penoterm Region
Penoterm Asset
Management
Russia
Partner’s bank
Investee Company
www.uralplastic.ru
www.penoterm.ru
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Contacts:
Address: 620017 Russia, Yekaterinburg, Kosmonavtov, 11
Telephone: +7 (343) 379-52-02
Fax: +7 (343) 379-52-02
Internet: http://www.penoterm.ru/
E-mail: [email protected]
Contact faces:
Proselkov Alexey Valentinovich
Position: General Manager
Telephone: +7(343)378-70-58
E-mail: [email protected]
Gladilin Dmitriy
Position: Sale and Marketing Department Manager
Telephone: +7(343)379-52-02
E-mail: [email protected]
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