Wednesday, June 1, 2011

The Chamber found guilty of "Taze»

The reason for failure Avtovaz - the former management. So says the Accounting Chamber of Russia. Today the newspaper "Vedomosti" reported on the key points of the report Minister Stepashin. Late last year the Chamber has completed testing the efficiency of spending AvtoVAZ state aid by 25 billion rubles. The money plant received from the budget last June. Sales AvtoVAZ began to fall in November 2008, the newspaper notes. And yet on Oct. 11, 2008 the then president Boris Aleshin, the company and chairman of its board of directors, general director of Russian Technologies' Chemezov wrote a letter to Prime Minister Vladimir Putin to give the plant from the budget of 26 billion rubles. The report says. This is "consistent two-month turnover of the company, ascertain the auditors. The money was supposed to spend on "repayment of arrears to suppliers, the repayment of commercial papers, promissory notes, as well as to" partially cover the cost of downtime in January - February 2009 in the amount of 1 billion rubles.. " Officials at the Ministry of Industry and Commerce (Ministry of Industry) thought that these funds and other support measures would enable the auto giant to sell an additional 250,000 cars. But this has not happened, say auditors. One of the major errors in the opinion of the inspectors, delayed decline in output. As a result, the remains of cars on the stock rose from 17,000 at the beginning of 2008 to 102,000 at the beginning of 2009, the document says. In addition, the approval was a serious miscalculation, top Russian automaker in forecasting. It is hoped that the decline in sales compared to the year 2008 will be 22%, while by the end of the year it became apparent that sales tumble 40%. The company rapidly increased its debt, it increased from 24.7 billion rubles. at the beginning of 2008 to 62.7 billion on Oct. 1, 2009 (with 25 billion rubles. state aid), the report said. The March crisis program was ineffective, emphasizes the Chamber. Rather than to generate sales, the company stopped conveyors in January and August. These delays cost the plant at 7.7 billion rubles. The report says. The company's management crap that the "prohibitive" tariffs will significantly increase its market share in the Urals, Siberia and the Far East. But this did not happen. In these regions, a drop in sales in the first three quarters of 2009 was even greater than in Russia as a whole - 51% to 44%. Vain hope, and on government orders. As one of the anti-crisis measures planned to raise prices for Lada by 8%. Only in September the board of directors of AvtoVAZ acknowledged that a number of proposed anti-crisis program of measures to execute possible, including raising the price of cars. The auditors questioned and long-term development plans of AvtoVAZ. "The anti-crisis program called allocation over four years 115 billion rubles. investments, the most expensive project (24 billion rubles.) is the development and production on a conveyor car C-Class. The second largest expenditure was a project to start production of cars based on the platform RF-90, bought from Renault, - 13 billion rubles. "- The newspaper Vedomosti. In July, the volume of investment has been adjusted to 80 billion rubles., And in September - up 33.9 billion, this money was supposed to receive from external sources, but the program they have not been identified, the report says the Chamber. Moreover, the acquisition of licenses from Renault, as officials have found, contains a significant limitation: even if AvtoVAZ at his own expense will improve under a license issued by the machine, the right of these improvements will still be the French. Experts agree that in times of crisis leadership committed a lot of errors. It hoped for a rapid effect of prohibitively high duties. In this case, it was apparent that dealers brought a huge number of used cars. And, of course, the sellers did not even think to raise their prices. It is surprising such a crisis management measure as increasing the cost budget car in a crisis, a significant reduction in demand. Guide too didst trust in the effect of the devaluation of the ruble, which, in theory, would give advantage to domestic producers. But we could at least suggest that the ruble will be restored. It was possible to predict the impact on oil prices a huge amount of speculative capital, cheap liquidity. And also take into account the State's desire to help those who "fell" on dollar loans. "The biggest problem - the excessively optimistic projections," - said the expert "BCS" Sebastian Kozitsyn. "For somewhere in February at the ministry's projections were that the market will collapse by 60%. Hard to imagine that the team Aleshin they were unknown. How was it possible in the time assumed that sales would fall by only 20%? "- Ask an expert. We recall that Boris Aleshin was Deputy Deputy Prime Minister in 2004 he was appointed head of the Federal Industry Agency, under the Ministry of Industry and Energy, now - it's the Ministry of Industry. That is, Aleshin himself from the ministry. On the futility of supporting the company expressed more than once. For example, last year, has done a lot of noise from the Deputy head of Industry and Trade Ministry Andrei Dementieva in the government apparatus. It says that the plant de-facto bankrupt and state aid will not save the company. But, obviously, that bankrupt factory no one will, at least from the political soobrozheny. Election is near. So, if you can not answer the question of what to do, then you need to find someone who is guilty. "You can not blame only the previous management. Because the problems at the enterprise began long ago. Since the year 2000. In the mid 2000's there was a favorable situation, the cars cost the company 3-3,5 thousand dollars, and competitors - 10000. The plant did not live badly. That's when it was time to seek a strategic partner to invest in new technologies, etc. But the "strategist" managed to attract only in 2008. That is, until 2008 to do nothing. So, might as well claim they can present Kadannikov, Berezovsky. In addition, it is considered that with leave Aleshin team completely changed. This is not quite so "- sums up Kozitsyn.

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