Valars Group is a Russian agricultural trading company that existed in the period 2006-2011. She was one of the largest Russian grain traders and agricultural producers [2] . The headquarters was located in the city of Taganrog ( Rostov Region , Russia ).
| Valars group | |
|---|---|
| Type of | Private company |
| Base | 2006 |
| Location |  Taganrog , Moscow |
| Key figures | Podolsky Kirill Olegovich ( General Director ) |
| Industry | Agriculture |
| Products | Cereals and oilseeds; feed products of primary processing of agricultural raw materials |
| Turnover | $ 559.5 million ( 2007 ) [1] |
| Operating profit | $ 17.7 million (2007) [1] |
| Net profit | $ 10.5 million (2007) [1] |
| Number of employees | about 1000 |
| Website | http://www.valars.ru/ |
Content
- 1 History
- 2 Owners and management
- 3 Activities
- 4 Performance Indicators
- 5 notes
- 6 References
History
It was created by a group of managers of grain trader “ Yugtransitservice ” headed by the former general director Kirill Podolsky who left the company as a result of a corporate conflict [3] [4] . In November 2008, all assets of Yugtransitservice were purchased by Valars and incorporated into it [5] .
In 2010, the company was reorganized and divided into 2 companies according to the lines of activity - the agricultural holding Valinor and the trading company Valars [6] , the main beneficiary of which was Kirill Podolsky. Podolsky spoke about such a scenario for business development back in 2008 [3] .
Owners and management
The main owner is Valars Management Limited, a company registered in Cyprus [7] . At the time of the reorganization (July 2011), the shares of Valars Management Limited belonged to K. Podolsky (51%) and a group of top managers of Valars [8] .
Activities
The main activities both before and after the reorganization are agricultural production (cultivation of grain and oilseeds) and export of agricultural products.
Agroholding Valinor has the following assets:
- 238 thousand hectares of land (in the Rostov region, Krasnodar and Stavropol territories) in Russia
- 120 thousand hectares of land (in Poltava, Vinnitsa, Sumy, Cherkasy, Nikolaev, Kherson regions) in Ukraine
- storage assets with a total capacity of 972 thousand tons
- 4580 units of agricultural machinery and 750 units of freight vehicles.
The agricultural holding's products are cereals (wheat, barley, corn), oilseeds (sunflower, rapeseed), sugar beets [9] .
Valars sales offices are located in Russia, Ukraine, Switzerland and Kazakhstan [6] .
Valars' assets also include Taganrog Shipyard OJSC (used by the company as a terminal for transshipment of grain to water transport) [10] .
Performance Indicators
In 2006, revenue amounted to $ 559.5 million, operating profit - $ 17.7 million, net profit - $ 10.5 million. Commodity turnover in 2007 amounted to 1.1 million tons; revenue - $ 314 million; operating profit - $ 15 million.
Notes
- ↑ 1 2 3 “Valars Holding Limited. Consolidated Financial Statements Prepared in Accordance with International Financial Reporting Standards (IFRS) for the Year Ending December 31, 2007 ”, see page 6 (PDF, 3.1 Mb) (link not available) . Date of treatment December 10, 2008. Archived on April 28, 2011.
- ↑ [200 largest Russian companies - 2010] Forbes Magazine
- ↑ 1 2 “Rising wheat prices at our fingertips” RBC - daily, February 12, 2008
- ↑ Owners of Yugtransitservice severed relations Business District - Rostov, November 20, 2006
- ↑ Valars Group purchased the Yugtransitservice grain trader Archived November 3, 2013 at RBC's Wayback Machine , November 28, 2008
- ↑ 1 2 Valars Group was divided into an agricultural holding and a trading company. Archived on October 22, 2013. National Agricultural Portal Latifundist.com, August 22, 2011
- ↑ Valars are exported to the Warsaw Stock Exchange Kommersant-Rostov, October 28, 2010
- ↑ For the producer of grains and oilseeds, an unfavorable time has come for RosInvest, July 19, 2011
- ↑ Valinor: About the company Archived on August 20, 2013. Portal Latifundist.com
- ↑ [1] Interfax, November 28, 2012