Conditions of carrying out tender auctions:
The starting price is USD 6,483,000.
Investment obligations are no less than USD 30,000,000. It will be directed for adjustment of "Brand" export
aligned electrical products at the enterprise within 3-5 years.
Deadline of the tender on realization of shareholding: October 5, 2007 at 12:00 a.m. on local Uzbekistan time.
1. General information on the enterprise | 1. Name of the emitter | Joint-stock company "Algoritm" | 2. Juridical address | 71, I.Usmanov street, Toshkent sity, 100208 | 3. Industry | Mechanical engineering | 4. Chairman of administration | Mirilyas Ulmasovich Azimov | 5. Phone and e-mail: | 170-56-33,170-56-52; oao-algoritm@sarkor.uz | 6. Number of employees: | 376 | 7. Total area: | 22.9 hectares | 8. Production area: | 5.06 hectares | 9. Raw materials: | Metalls, paints, chemicals, component parts |
2. Information about output and stock floatation
1. Authorized capital stock (thous.sum) | 395 046 | 2. Total amount of shares issued: | 395 046 | 3. Nominal value of 1 share (sum): | 1 000 |
3. Financial information thous. soums Indexes | Year | 2004 | 2005 | 2006 | 1. Authorized capital stock | 395 046 | 395 046 | 395 046 | 2. Long term assets | 2 911 209 | 2 914 310 | 1 915 073 | 3. Distribution of dividends (%) | 2.8% | - | 1.5% | 4. Ðåíòàáåëüíîñòü àêòèâîâ (%) | 7% | 4.7% | 10% | 5. Gross profit | 342 029 | 239 820 | 235 447 | 6. Net income | 11 196 | 4 691 | 18 741 | 7. Accounts receivable | 38 241 | 106 147 | 49 608 | 8. Accounts payable | 132328 | 337214 | 834351 |
| | | | 4. Brief characteristic of the enterprise
| Joint-stock company "Algoritm" was constructed in 1982-1987 yy., it is a member of the Uzbek Association of enterpreises of radio, electrical engineering and instrument-making industry "Uzeltexsanoat". Production area is seized 75,000 sq.m, the general area is 22.9 hectares. JSC "Algoritm" is specialized in production of electronic, electrical products, domestic appliances and consumer products. The enterprise is situated in Toshkent city, in the area with developed system of automobile and railway transportation. Because of the successful industrial plannings it is possible to restructure the enterprise. |
| 5. Prospective plans of the enterprise development
| One of the global tendencies of development of the last decades is an active development of information and communication technologies, the radio and electronic facilities. This sector of the world economy, including researching, experimental development, production and utilization of computer and other technical equipments, not only shows the highest, not having analogue among other sectors of the world economy, dynamics of growth, but also serves some kind of most powerful development engine of all other branches of manufacture and service’s sphere. |
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