Wednesday, June 1, 2011

Alfa-Bank took the domestic producer

Limit talks with him exhausted - the credit institution has to go to court. Under threat of international relations with India. The Moscow Arbitration Court to admit an action of Alfa-Bank "to the company Phazotron-NIIR" with the requirement to collect $ 11 million This amount came running together with penalties of $ 8.2 million loan by a spokesman for the bank Zaali Tsanava made " Kommersant, were long negotiations on debt repayment, but the debtor did not receive a proposal which would suit the lender. Alfa-Bank considered the protracted negotiations and called for protection of rights in court. "Phazotron-NIIR manufactures radar and weapons control system for helicopters and airplanes. The company belongs: "PSB" (49%), DCC (20.17%) and Infinitium (19.33%). However, its control is engaged concern "avionics" in turn a part of the state corporation Russian Technologies. Representative of the Phazotron-NIIR "claims that the company is ready to go on a world with Alfa-Bank", but that - requires a lump sum to repay the loan. Such amount in a freely available yet. The company is experiencing financial difficulties, but still hopes to rectify the situation. The expert agency "Airport" Oleg Panteleyev believes that the deteriorating financial condition "Phazotron-NIIR is a consequence of slowing exports. Though threatened with bankruptcy, he believes, the money to pay off the debt still be found. Almost in solidarity with him the head of Center for Analysis of Strategies and Technologies, Ruslan Pukhov, who believes that we can not prevent the bankruptcy of this company, because it could affect Russia's participation in the competition to sell India aircraft MiG-35 "where you installed the radars produced" Phazotron-NIIR . Bankruptcy "Phazotron-NIIR" may have to be avoided, since the annual volume of work the corporation is estimated at 2 billion rubles. In its 25 departments are working more than 5 thousand workers. It is possible that the company will refinance loan "Alfa Bank", use another credit institution.

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