The Moscow Arbitration Court found justified the application of the Rubicon Estate company to recognize OOO Zavod Ogonyok as insolvent and instructed to introduce a monitoring procedure in relation to this company. Its definition also states that the total debt of enterprises to the plaintiff is about 9 million rubles.
Ogonyok, located on 6th Radialnaya Street in Vostochny Biryulyovo, is considered one of the oldest toy factories in Moscow. Initially, in its place was the Vozrozhdenie artel, which was engaged in the design and manufacture of plastic products. And in 1963, the enterprise itself appeared, which produced about 500 items of toys, including play houses and furniture, dolls, baby dolls, and so on. Earlier, Kommersant reported that the company produced Russian analogues of Barbie dolls, including Mashenka, Angelika, Zlata, rubber crocodile Kirill and Josephine toad.
The company’s revenue for 2022 according to RAS amounted to 127 million rubles, net loss – 378 million rubles. Since 2016, businessman Denis Zhivtsov has been the main owner of Ogonyok, according to SPARK-Interfax. It was not possible to contact him, the request to Ogonyok remained unanswered.
Creditors, including, for example, the Department of City Property of Moscow and the Donskoy Plant of Radio Components, judging by the database of arbitration cases, have been seeking bankruptcy of the plant since the end of 2021. Moreover, Solidarity Bank (now represented by the Deposit Insurance Agency; DIA) was able to as part of a claim for 428.7 million rubles. to foreclose on the property of Ogonyok. We are talking about a plot of 1.7 hectares and buildings of 21,453 square meters. m on the 6th Radialnaya street. But if the enterprise is declared bankrupt, these assets should be returned to the bankruptcy estate, say lawyers interviewed by Vedomosti. A DIA representative did not respond to a request.
Observation is the first mandatory bankruptcy procedure, the purpose of which is to analyze the financial condition of the debtor, explains Alina Shleeva, a lawyer at the Propositum Law Office. According to her, the further fate of the enterprise will depend on the decision of the creditors. Zoya Galeeva, managing partner of the Troubled Assets Center, agrees with this. She notes that if the plant fails to pay off all obligations, the court will be forced to introduce either an external management or financial recovery procedure, or bankruptcy proceedings. This means that the company’s assets will be sold at auction.
Timur Ryvkin, director of the residential real estate and land development department at Nikoliers, estimates the cost of the Ogonyka site at 350-400 million rubles. If the buyer can convert the site into housing, then, in his opinion, it will be possible to build 50,000-60,000 sq. m. m of real estate. Vinogradov also cites similar figures. Investments in the construction of the project will amount to about 5 billion rubles, and the proceeds from the sale of apartments and commercial premises will be about 10 billion rubles, he says.
