Senseit

History

2023: Debt of tens of millions of rubles and bankruptcy risk

The Russian developer of secure smartphones SenseIt owes Promsvyazbank (PSB) tens of millions of rubles and was on the verge of bankruptcy. On February 16, 2023, the credit institution filed an application with the Moscow Arbitration Court to declare Сэнсит.ру LLC bankrupt.

The newspaper Kommersant drew attention to this. She was informed in PSB that SenseIt acts as a guarantor under a loan agreement dated 2018 with Voltego LLC and Technoliga LLC. Borrowers have stopped servicing obligations since 2019, the debt is 69.2 million rubles, the bank said.

Russian developer of secure smartphones SenseIt owes the bank tens of millions of rubles and is on the verge of bankruptcy

For a long period of time, work was carried out with the companies on an out-of-court settlement, options for restructuring were discussed, but the negotiations did not lead to anything, they added.

The publication reminds that earlier between SenseIt and the Tver plant "Etalon," which produced smart sockets for the company, there was a dispute over payment and shipment of goods. SenseIt tried to recover 76.3 million rubles from Etalon, citing incomplete supply of goods. The plant objected that it shipped goods for 27 million rubles out of 37 million rubles in advance, the remaining products were ready for export, but the customer stopped taking them from January 2019. The Moscow Arbitration Court agreed to recover 41 million rubles of the penalty from Etalon, but the Ninth Arbitration Court of Appeal reduced it to 2.6 million rubles. At the same time, Etalon itself demanded 25 million rubles of debt from Senselt to pay for the goods and the same penalty, and this claim was fully satisfied by the court.

According to experts interviewed by the newspaper, SenseIt incorrectly chose a strategy, deciding to produce smart sockets since 2015: simple push-button phones have always been in demand, so the company's transition to the production of smart devices was incomprehensible.^[1]

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