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Estar

Company

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Content

Financial results
2005 year
Revenue: 23 millions Ths. rub
Net Profit: 2.9 millions Ths. rub

ESTAR is a metallurgical holding.

History

2010: Introduction to the "Estare" observation procedure

In February 2010, at the suit of Petrokommerts Bank for bankruptcy, the Moscow Arbitration Court introduced a monitoring procedure at Estara.

2009: Filing for Bankruptcy

During the economic crisis of 2008-2010, the company faced significant financial difficulties.

In early November 2009, the Estar group of metallurgical companies filed a bankruptcy petition with the Moscow Arbitration Court.

The total debt of the holding is approximately $1 billion. A little earlier, Petrokommerts Bank asked to declare the company bankrupt: its lawsuit was brought following the decision of the Moscow arbitration to recover 1.317 billion rubles from Estar in favor of the bank[1]

2006: Production of 992.6 thousand tons of metal products

In 2006, Estara enterprises produced 992,640 tons of metal products. The company's revenue in 2005 is about 23 billion rubles, net profit - 2.9 billion rubles.[2]

Notes