An international tender for Tajik state-run cocoon-breeding enterprise, Open Joint Stock Company (OJSC) Pillai Tojik (Tajik Cocoon), has been set for February 1 and both domestic and foreign physical and legal entities may participate in the upcoming tender companies, according to the State Committee on Investments and State-owned Property Management (GosKomInvest).
An official source at GosKomInvest says the opening bid for 42,540 shares of the company is 4.911 million somoni.
Those wanting to participate in the tender will have to pay in 200,000 U.S. dollars, the source added.
In accordance with the tender requirements, the winner must invest 35 million somoni in development of the enterprise within the next three years and repay the enterprise’s debts amounting to more than 15.7 million somoni within a year after signing of an agreement on buying the package of shares.
Pillai Tojik LTD was established in December 2013 on the basis of the State Unitary Enterprise (SUE) Pilla of the Ministry of Industry and New Technologies with an authorized capital amounting to 4,254,000 somoni. The enterprise’s authorized capital includes 42,540 shares. The face value of one share is 100 somoni.
The founder of Pillai Tojik LTD is the State Committee on Investment and State-owned Property Management. The enterprise has 39 affiliates operating in some cities and districts across the country.
As of November 22, 2017, the cost of the enterprise’ property was reportedly valued at 4.911 million somoni.
Assets of Pillai Tojik LTD are estimated at 8,636,176 somoni, while its total payables amount to 15,748,760 somoni.
The company’s wage debts reportedly amount to 482,663 somoni and its tax debts amount to 5,993,800 somoni. Besides, Pilla Tojik now owes 373,285 somoni to the Ministry of Finance, 8,500 somoni to the National Bank of Tajikistan (NBT), 2,596,529 somoni to suppliers and contractors, and 6,293,983 somoni to other economic entities.
Meanwhile, the company’s receivables amount to 3,636,080 somoni.
The wear rate of the fixed assets of Pillai Tojik LTD is 67 percent.
