Alfa-Bank entered into the case of bankruptcy of the Novosibirsk retailer Holiday, which owns a network of discounters Holdi. According to Kommersant's information, the company's debt to the bank exceeds 1 billion rubles, of which almost 350 million rubles. the creditor seized. Analysts believe that "the chance to get out of this difficult situation" at Holiday is not enough, the company's beneficiaries will hardly be able to revive the retail business.
Alfa-Bank filed an application to the Arbitration Court of the Novosibirsk region to declare the company Holiday LLC bankrupt, according to the website of the court. Thus, the bank entered into the bankruptcy case of the once-largest Siberian retailer, instituted in May last year. The amount of the company's debt to the creditor is not disclosed. According to "Kommersant", "Holiday" should Alfa-Bank more than 1 billion rubles., Of which more than a third of the credit organization has already sue.
In April, the Meshchansky District Court of Moscow satisfied the claim of Alfa Bank and collected in its favor in solidarity with the borrower LLC Holiday Company, as well as its guarantors LLC Kora-TK, OOO Omsk Gastronomes, OOO Kronverk, founders "Holiday" of the General Director Nikolai Skorokhodov and his deputy Alexander Brykin 347.7 million rubles. As follows from the materials of the court, in November 2016 Alfa-Bank provided LLC Holiday Company with two loans of 500 million rubles. each, to pay off which the company was obligated until November 2021. However, during the year the financial position of the borrower deteriorated significantly. The volume of non-current assets decreased from 22.9 billion to 21 billion rubles. (-8.2%), the volume of reserves fell from 6.8 billion to 6 billion rubles. (-11.3%), while the turnover of inventory increased from 52.5 to 65.5 days. Own capital of the company decreased from 5.7 billion to 4.2 billion rubles. (-26.2%). For 9 months of 2017 the company's revenue decreased by 12.4% compared to the same period in 2016 - to 36.4 billion rubles., The profit from sales fell by 19.5% to 442 million rubles. "Holiday" received a net loss of 1.5 billion rubles, while previously its activities were profitable. As of September 30, 2017, the accounts payable of the once-largest Siberian retailer amounted to 7.6 billion rubles.
At the end of last year, "Holiday" put up for sale more than 150 stores with a total area of about 300 thousand square meters. m, told then "Kommersant" its owner Nikolai Skorokhodov. 22 supermarkets bought the "tape". Since early 2018, the retailer has focused on the format of discounters and is developing a network of "Holdi", the number of its stores at the moment is about 390 (one year ago it was about 500.- "b"), said Nikolai Skorokhodov. After the deal with Lenta, the sale of the property belonging to Holiday was suspended until the relations with the banks were settled, he said.
According to the Finam Group of Companies, at the end of May this year, the amount of claims for Holiday was 3.2 billion rubles. The ratio of net comprehensive debt to EBITDA of the group of companies increased from 3.22 in September 2016 to 8.69 in September 2017, whereas under the terms of the loan agreement this figure should not exceed 4.6. In connection with a significant deterioration in the terms of the loan, Alfa-Bank sent a request to Holiday to demand early repayment of the debt. The representative of the debtor, managing partner of the law firm "Grebneva and partners" Irina Grebneva declined to comment. "Alfa-Bank, for its part, has made and continues to make every effort to out-court settlement of the situation with the Holiday Company, despite filing a lawsuit," the press service of the bank told Kommersant.
According to INFOLine-Analytics, as of June 30, 2018, Holiday Group has controlled to a greater or lesser extent 492 retail properties, with a significant part of them being in the process of being closed down or transferred to other retailers. In January-June, 2018, seven discounter "Holiday Classic" were opened, one discounter "Holiday Classic", five supermarkets and 12 hypermarkets "Holiday" were closed. "Retail business, most likely, the beneficiaries of Holiday will not be able to reanimate," believes General Director of INFOLine-Analytics Mikhail Burmistrov.
"Attempts by network owners to somehow improve matters, continuously changing the format of a part of stores, the withdrawal of a significant share of retail in hard discounters can indirectly indicate that desperate attempts are being made to find some ways of saving," says Finam analyst Alexei Korenev . He is sure that there are not many "chances to get out of this difficult situation" at Holiday: "Especially considering that it is quick and profitable to sell most of the retail network of the company, it will not be possible. Yes, and Alfa-Bank is known for its iron grip in such disputes, and, as a rule, comes out victorious. "