” Mariupol Ilyich Iron and Steel Works “, JSC lost in the court over 1 billion UAH

” Mariupol Ilyich Iron and Steel Works “, JSC lost in the court over 1 billion UAH

21.01.2016 News

” Kryvyi Rih Iron Ore Plant”, JSC  won in a court case to recover from the ” Mariupol Ilyich Iron and Steel Works “, JSC  the part of the ”Metinvest” group, a total 1.32 billion UAH  for the delivered products – the iron ore together with penalty charges.

This is stated in the decision of the Commercial Court of Zaporozhye region. According to the court decision, “Mariupol Ilyich Iron and Steel Works” have to pay Kryvyi Rih Iron Ore Plant 653.880 million UAH of principal debt, 9.987 million UAH of fines, 25.2 UAH as a 3%  per annum and 344 270 000 UAH of inflation losses.

The court suspended the execution of the decision by one year, until 22 December 2016.

“Kryvyi Rih Iron Ore Plant”  wanted in court the recovery from “Mariupol Ilyich Iron and Steel Works” in the amount of 1.122 billion UAH (equivalent to 47,208,000 dollars).

The court received a certificate of the chief accountant of “Kryvyi Rih Iron Ore Plant”, according to which the net financial profit of the company for 2014 amounted to 1.254 billion UAH, while the figure for 2015 is expected to be 850 529 000 UAH.

As reported, “Kryvyi Rih Iron Ore Plant”  in 2014 increased the production of ore by 2.3% in comparison with 2013 year – up to 5,850 million tonnes, but reduced in 2015 by 6.7% to 5,460 million tons.

The plant specializes in an underground mining of iron ore. Mainly they sell products to “Enakievo Steel Plant” and “Mariupol Ilyich Iron and Steel Works”.

The main shareholder of the “Kryvyi Rih Iron Ore Plant”  is a Starmill Limited company, which owns 99.88% of its shares.

The SCM Group of businessman Rinat Akhmetov owns a certain share in “Kryvyi Rih Iron Ore Plant”. The Group is the only investor in SCM, and operational control of the plant is maintained by a “Private” Group of Igor Kolomoisky.

“Mariupol Ilyich Iron and Steel Works” is a part of the “Metinvest” Group, the main shareholders of which are “System Capital Management” PJSC (71.24%) and the group of companies “Smart-Holding” (23.76%).

Source: delo.ua

Other articles

  • Nvidia’s merger agreement with Arm could take more than two years because of China
    News

    Nvidia’s merger agreement with Arm could take more than two years because of China

    It may take Nvidia twice as long to get approval for its deal to buy Britain’s largest technology company, Arm Holdings, which is owned by Japanese financial conglomerate SoftBank Group. After the companies announced a $ 40 billion deal last September, the first hurdle was a class action lawsuit from Google, Qualcomm and Microsoft, which […]

  • Tesla has introduced its fastest electric car. The maximum speed of the Model S Plaid exceeds 320 km per hour
    News

    Tesla has introduced its fastest electric car. The maximum speed of the Model S Plaid exceeds 320 km per hour

    The American company Tesla demonstrated on Thursday in Fremont (California) its new electric car Model S Plaid. The presentation, led by Tesla Chairman Elon Musk, was broadcast on the company’s website. According to the businessman, critics have previously pointed out that the updated version of the Model S car will be “insanely fast”, and expressed […]

  • Pfizer may request approval for COVID-19 at the end of the year
    News

    Pfizer may request approval for COVID-19 at the end of the year

    The American pharmaceutical company Pfizer may apply for permission to use its oral drug for the treatment of COVID-19, at the end of this year. This was announced on Thursday by the Chairman of the Board and Chief Executive Officer of Pfizer Albert Burla. “In addition, our scientists are developing an oral drug to treat […]

  • Ukraine’s economic downturn has slowed sharply
    News

    Ukraine’s economic downturn has slowed sharply

    The downturn in Ukraine’s economy in the first four months of 2021 slowed to 0.2%, according to a preliminary estimate by the Ministry of Economy. “The Ministry of Economy estimates a slight reduction in GDP at 0.2% (down 2% in the first quarter of 2021 by 4.9% over the four months of 2020),” the statement […]

  • Naftogaz commented on the searches
    News

    Naftogaz commented on the searches

    During a visit to Washington, the head of Naftogaz Yuri Vitrenko commented on searches of the company in the case of non-payment of VAT for 2.7 billion hryvnias for Russian gas. “On the one hand, the State Fiscal Service constantly checks Naftogaz. That is, there is nothing surprising in the fact that there is another […]

  • Millions of Volkswagen customers have been affected by the data leak
    News

    Millions of Volkswagen customers have been affected by the data leak

    The American division of the automaker Volkswagen AG reported a data leak, which affected more than 3.3 million customers and potential buyers in North America. Reuters with reference to the Volkswagen Group of America reported this. “The leak occurred after one of the company’s suppliers in the period between August 2019 and May 2021 left […]

  • The world’s first country legalized bitcoin as a means of payment
    News

    The world’s first country legalized bitcoin as a means of payment

    El Salvador was the first in the world to legalize bitcoin as an official means of payment. Such a law was passed by the country’s parliament. 62 parliamentarians supported the bill, 19 voted against, and three abstained. President Nayib Bukele intends to sign the law soon, after which it will take effect “immediately”. Thus, accepting […]

  • Pfizer has begun testing the COVID vaccine on children under 12 years of age
    News

    Pfizer has begun testing the COVID vaccine on children under 12 years of age

    Pfizer will test its COVID vaccine in children under 12 years of age. Radio Svoboda reported this with reference to the company’s statement. The study will involve up to 4,500 children in the United States, Finland, Poland and Spain. The drug is already approved for use in emergencies for adolescents 12 years and older in […]

Read also

” Mariupol Ilyich Iron and Steel Works “, JSC lost in the court over 1 billion UAH
News

AirBaltic will open a direct flight from Kiev to Vilnius

AirBaltic will launch a direct flight from Vilnius to Kyiv on October 6. The presented schedule shows that flights will be performed three times a week on Tuesdays, Thursdays and Saturdays to Boryspil Airport. Herewith departures from Vilnius are scheduled for 6:55, return from Kiev – at 09:10. Travel time will be 1:00 20 minutes. […]

Next
” Mariupol Ilyich Iron and Steel Works “, JSC lost in the court over 1 billion UAH
News

Khlibprom Concern invests 560 thousand UAH in energy-saving equipment

Concern Khlibprom  invests 560 thousand UAH in an energy saving project. This information is stated in a message on the website of the company. In 2016 Khlibprom plans to upgrade the  gas boiler on Lviv bakery № 1. The plant plans to  install energy-saving equipment, which will reduce the consumption of gas in the boiler […]

Next
” Mariupol Ilyich Iron and Steel Works “, JSC lost in the court over 1 billion UAH
News

The rating of the most expensive brands of Ukraine appeared

Despite the coronavirus pandemic, the total value of the most expensive brands in Ukraine increased by 1.5%. The Korrespondent magazine compiled the brand rating. Thus, the top five most expensive brands in Ukraine included Kyivstar ($ 225.48 million), Rozetka ($ 210.42 million), Darnitsa ($ 187.23 million), Morshynska ($ 173.25 million) and Nova Poshta ($ 170.01 […]

Next
” Mariupol Ilyich Iron and Steel Works “, JSC lost in the court over 1 billion UAH
News

EY starts the Accelerating Entrepreneurs Program in Ukraine

EY Company provides an Accelerating Entrepreneurs Program, which helps to fast-growing startups to develop their business.Participants, who have passed the competition, will get the opportunity to take part in the complex program. It is included the personal consultations, networking and experience exchange.  The program also is annexed the access to the strongest and extensive entrepreneurial […]

Next
” Mariupol Ilyich Iron and Steel Works “, JSC lost in the court over 1 billion UAH
News

The State Food and Grain Corporation of Ukraine (SFGCU) adjudged $ 6,920,000 from Sonders Trading K / S Co., Limited

The court ordered the Sonders Trading K / S Co., Limited, Hong Kong company $ 6,92 million in favor of “State Food and Grain Corporation of Ukraine” (SFGCU), JSC. This is stated in the decision of the Commercial Court of Kyiv on January, 18. On November  1, 2013 SFGCU signed an agreement with the Neslot […]

Next
” Mariupol Ilyich Iron and Steel Works “, JSC lost in the court over 1 billion UAH
News

DiDi taxi service is planning the IPO on the Hong Kong Stock Exchange in 2021

The taxi service of the international Chinese company DiDi Chuxing intends to conduct the initial public offering (IPO) on the Hong Kong Stock Exchange. As reported by Reuters on Tuesday, citing sources, this may happen in the first half of 2021. By the time of the IPO, the estimated value of DiDi will be more […]

Next
” Mariupol Ilyich Iron and Steel Works “, JSC lost in the court over 1 billion UAH
News

Naftogaz plans to invest billions in production

In the next five years, Naftogaz plans to invest $ 7.3 billion in hydrocarbon production, said Otto Waterlander, the group’s chief executive officer, at a presentation of NJSC’s business strategy. “Over the next five years, our business plan assumes that we will invest $ 7.3 billion in mining, upstream, and double that amount over the […]

Next
” Mariupol Ilyich Iron and Steel Works “, JSC lost in the court over 1 billion UAH
News

French media group Publicis will invest in 90 StartUps, including from Ukraine

Media Group will provide from 10 000 euros to 500 000 euros, depending on the stage of development of the project.  One of the world’s largest media group Publicis decided originally to commemorate the 90th anniversary: ​​ to finance 90 StartUps from around the world, including Ukraine, – writes AIN. As the newspaper writes, the […]

Next
” Mariupol Ilyich Iron and Steel Works “, JSC lost in the court over 1 billion UAH
News

Ukrposhta has shared its plans for 2017

In the new year Ukrposhta will invest in its development up to 500 million UAH. It is reported by the press service of the national postal operator, referring to the words of the CEO – Ihor Smilianskyi. According to the original source, in the new year the investment plan is going to be increased in […]

Next
” Mariupol Ilyich Iron and Steel Works “, JSC lost in the court over 1 billion UAH
News

Nissan Motor suffered a loss of $ 3.1 billion

The net loss of the Japanese automaker Nissan Motor in the first half of 2020-2021 fiscal year amounted to 330 billion yen ($ 3.1 billion) against a profit of 65.4 billion yen (about $ 620 million) a year earlier, follows from the financial statements of the company. The loss per share was 84.33 yen ($ […]

Next
” Mariupol Ilyich Iron and Steel Works “, JSC lost in the court over 1 billion UAH
News

Shares of the Bed Bath & Beyond jumped to 33% due to the strong report

Quotes of the Bed Bath & Beyond jumped from 33.47% to $ 19.99 according to the trading data. Papers are growing due to the strong report for the second quarter of 2020. The Bed Bath & Beyond chain announced the first increase in the in-store sales in almost four years. The jump in the revenue […]

Next
” Mariupol Ilyich Iron and Steel Works “, JSC lost in the court over 1 billion UAH
News

The Ukrainian investment company Digital Future co-invested $ 13.1 million in the startup of YouAppi in the round

The Digital Future Investment company became a co-investor in the startup YouAppi round “B”. According to the CEO of the Digital Future,  Alexei Vitchenko, this  is the first transaction of the Ukrainian investment company  in the “B” round level. The deposit amount is not disclosed. American-Israel YouAppi service was founded in 2011. YouAppi technology is […]

Next
” Mariupol Ilyich Iron and Steel Works “, JSC lost in the court over 1 billion UAH
News

Countries of the Baltic have moved to the economic sanctions against Belarus

Lithuania, Latvia and Estonia have refused to use the Belarusian electricity. This was reported by the Interfax news agency. According to the agency, the governments of the Baltic countries have developed a common methodology for the electricity trade. It means that electricity supplied to Lithuania, Latvia and Estonia should not be produced in Belarus. Imported […]

Next
” Mariupol Ilyich Iron and Steel Works “, JSC lost in the court over 1 billion UAH
News

Gaming giant Zynga bought rival game developer Peak Games for $1.85 billion

American company Zynga Inc. that creates popular social network games has closed a deal to buy everyone in circulation in the shares of the Turkish Peak Games. It is reported that the payment was almost equal to the funds and ordinary shares of the company. As part of the operation, Zynga received two franchises from […]

Next
” Mariupol Ilyich Iron and Steel Works “, JSC lost in the court over 1 billion UAH
News

Pfizer and BioNTech have created GPS containers to deliver the coronavirus vaccine

Special isothermal containers have been developed for the transportation and storage of the new coronavirus vaccine by the pharmaceutical companies Pfizer and BioNTech. This was announced by Pfizer CEO Albert Burla in an interview with The New York Times on Tuesday, November 17. “These containers are equipped with GPS sensors and thermometers inside so that […]

Next
” Mariupol Ilyich Iron and Steel Works “, JSC lost in the court over 1 billion UAH
News

AMD will buy the chip maker Xilinx

Chip maker, Advanced Micro Devices, is in talks to buy a rival chip maker – the American company Xilinx, reported The Wall Street Journal. The deal might be exceeding to $ 30 billion and could be announced for the next week. The merger will become one of the largest transactions in the industry this year, […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com