Tajik state-run cocoon-breeding enterprise, Pillai Tojik Limited Liability Company, will be put on auction. The government wants 5 million somoni for the enterprise whose debts amount to some 16 million somoni.
The government has endorsed the individual project for privatization of Pillai Tojik LTD, which has operated with losses over the past three years.
An international tender will be held for privatization of Pillai Tojik LTD. Those wanting to participate in the tender will have to pay in 200,000 U.S. dollars.
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 (GosKomInvest). The enterprise has 39 affiliates operating 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.
