UETM might get declared insolvent

March 2, 2015. Sverdlovsk Region Arbitration court is going to consider an application by Moscow-based Kronika, which insists that Yekaterinburg-based Elmash (UETM) be declared bankrupt; the claim was placed with the court on February 26, 2015. As can be inferred from the case-related materials, the court made Elmash pay Kronika over 13m RUR in September 2014. The defendant did not agree with the court’s ruling and tried to appeal against it, yet the 17th Court of Arbitration & Appeals supported the earlier ruling. Elmash (UETM) was registered as a business on April 28, 2012 and is now

December 17, 2014. Sverdlovsk Region Arbitration Court is going to consider OOO Voskhod’s application: the company laid a claim asking for OOO Elmash (UETM) to be declared insolvent. OOO Elmash (UETM) was founded on April 28, 2012, but the history of the business actually dates back to 1934, when Uralelectromachine’s first Appliances Plant was launched. The company now makes distribution and control equipment for electric grids, assembles, repairs, and maintains lifting and transportation equipment, produces precious metals, and makes material-processing mills.

February 10, 2015. Sverdlovsk Region Arbitration Court is going to consider the claim laid by Stupinskiy Trading Firm: the plaintiff asks for Sysert-based Energomash-Uralgidromash to be declared insolvent. The claim was placed with the court on February 4, 2015. Now Energomash-Uralgidromash was a successor or Uralelectrotyazhmash-Uralgidromash, which, in its turn, was set up as a result of a merger between Uralelectrotyazhmash and Uralgidromash. The company was registered on March 2, 2009. It primarily focuses on making pumps and liquid-lifting equipment; the company also deals in repair and

April 8, 2015. Sysert-based Energomash-Uralgidromash is now involved in a criminal suit, with charges of neglect to pay workers’ wages, Sverdlovsk Region public prosecution authorities’ press service reports. It was determined that the company owed its workers more than 68.7m RUR as of April 1, 2015. The money is owed for the period between November 2014 and March 2015. Based on the findings of their inquiry, Sysert public prosecution authorities instituted administrative proceedings against the company’s director, with charges based on Article 5.27 (Part 1) of the Russian Federation

Sverdlovsk Region’s public prosecutions department instituted criminal proceedings against a fraudster who is suspected of doing damage to OAO Uralelectrotyazhmash Scientific Research, Design, and Technological Institute (OAO NII UETM). The prosecutions department claims the company had its legal papers containing data on the company’s General Director and its address edited by a third party in May 2010. It is alleged that the suspect, who bears no relation to the institute whatsoever, applied to a tax department asking to make some changes in the company’s data and provided a full set of