Buildings and structures of OJSC "KIM" are put up for sale
The auction includes 19 capital structures of various functional purposes with a total area of about 44.5 thousand sq. m, along with utilities. The auction is scheduled for February 27, and the organizer is RUP "Vitebsk Institute of Real Estate and Appraisal" by agreement with the crisis manager. This was preceded by extensive work on the preparation of missing title documents for real estate and utilities, without which the sale of real estate is impossible. The process took time and required significant expenses.
As reported by Pavel Zayats, the bankruptcy trustee of KIM, at this stage of the liquidation proceedings, which has been ongoing for 17 months, the sale of the bankrupt's assets has managed to pay off about 30% of the salary debts to 719 former employees (the total amount of debt exceeded 630 thousand rubles).
In total, the register of creditors' claims of the 2nd priority, which also includes debts to the Social Protection Fund of the Population and Belgosstrakh, initially listed an outstanding debt of about 1.3 million rubles. In addition, upon dismissal of employees (625 people), full settlement was made with payments of severance pay for three months and compensation for unused leave, for which more than 1.2 million rubles were allocated. There are also priority payments: current operating expenses (e.g., salaries for the remaining 43 employees), as well as property and sales taxes, land tax.
However, according to real estate market experts, high demand for KIM's assets should not be expected. At the main
only the main building with its extension and one of the sewing workshops are capable of attracting potential buyers at the enterprise's site. And that is only if they are sold as a separate lot, which requires adequate division of the factory territory with the corresponding infrastructure, but this will happen at subsequent auctions.
In total, about 17.3 million rubles of debt were initially included in the register of creditors' claims. In other words, even under favorable circumstances, the proceeds from the sale of all KIM's assets would still not be enough for a full settlement with creditors. So, the liquidation procedure is approaching its logical conclusion, but no one can predict how long the path to the finish line will be. Officially, the term of the liquidation proceedings has been extended until the end of February 2017.
Sergey Antonov, "Vitebskiye vesti". Photos from open sources.