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MONBAT AD

Summary

Company ID (NIN)

111028849

Company owner / manager

  • Prista Oil EAD
  • Other
  • Prista Holdko Kooperativ

Country

Bulgaria

Capital

39,000,000

Total assets

361,650,000

Net profit for the period

9,901,000

Report year

2018

Currency

BGN

Industry

Electrical Components/Equipment

Southeastern Europe Company Index (SEECI)

What is SEECI?

General information

About MONBAT AD

Monbat AD is a Bulgarian producer of accumulators, traction and stationary batteries. The company also sells, distributes and recycles starter and stationary batteries.

Monbat is a subsidiary of Bulgarian producer and trader of motor and industrial oils, greases and special fluids Prista Oil Holding EAD.

The company has an:

  • ISO 9001:2015 Quality management systems certificate, valid until Sept 19, 2021;
  • ISO 14001:2015 Environmental management systems certificate, valid until Sept 19, 2021;
  • OHSAS 18001:2007 Safety and health management certificate, valid until Nov 5, 2020.

 

Last updated on May 27, 2019.

Meta info
Status
Active
Legal form
Joint Stock Company
Incorporation date
Jan. 1, 1959
NIN
111028849
Tickers
5MB
Stock Exchange
Bulgarian Stock Exchange
ISIN
BG1100075065
Profile last updated
May 27, 2019, 10:31 a.m.
Alternative names

    Monbat JSC
    Monbat PLC

History

    January 1959 – The company is established as a workshop for starter batteries.

    1965 – The factory merges into state-owned company DSO Metalchim – Sopot, central Bulgaria, and starts producing batteries for military applications.

    1977 – The factory merges into state-owned machine-building company Avram Stoyanov, in Mihaylovgrad (now Montana, northwestern Bulgaria).

    June 1989 – Avram Stoyanov transforms into a state-owned company DF Pima.

    May 1990 – The division for manufacturing of accumulators and batteries spins off from DF Pima as a separate legal entity and changes its name to Akumikar EAD.

    Oct 30, 1998 – The Bulgarian Privatisation Agency sells 72% in Akumikar EAD-Montana to Ruse-based lubricants producer Prista Oil AD and management-employee buyout company Akumikar-98 AD for USD 3.375 mln. Prista Oil buys 26% of the shares and Akumikar-98 buys 46%.

    1998 - A total 9.11% of the company is privatised via mass privatisation.

    Feb 16, 1999 – Akumikar EAD changes its name to Monbat AD.

    May 27, 2003 – Monbat increases its subscribed capital to BGN 800,000 from BGN 749,300.

    November 2003 – Monbat starts manufacturing the first maintenance free stationary batteries in Bulgaria, used in electricity generation, telecommunications and infrastructure.

    Dec 24, 2005 – Monbat increases its subscribed capital to BGN 14.8 mln from BGN 800,000 by issuing 1,400,000 shares at BGN 10 each. The funds for the capital increase come from Monbat's reserves.

    Nov 29, 2006 - The company increases its capital to BGN 19.5 mln from BGN 14.8 mln by issuing 4,700,000 shares.

    Dec 22, 2006 – The company lists on the Bulgarian Stock Exchange.

    June 16, 2008 - Monbat increases its capital to BGN 39 mln from BGN 19.5 mln.

    May 11, 2016 - Monbat AD acquires a 100% stake in Nigeria-based Energy Battery Nigeria Ltd.

    Nov 8, 2016 - Monbat AD sets up a majority owned subsidiary Monbat New Power AD, engaged in research and development, in which it holds a 51% stake.

    July 31, 2017 - Monbat acquires a 100% stake in Germany-based Monbat Holding Germany Ltd.

    Sept 11, 2017 - The company buys a 49.94% stake in Oktagon International OOD for BGN 9,000.

     

    Last updated on May 27, 2019.

Management

Board of Directors
Atanas Stoilov Bobokov
Chairman of the Board
Plamen Stoilov Bobokov
Chairman of the Board
Florian Huth
Member of the Board
Nikolay Georgiev Trenchev
Member of the Board
Aleksandar Viktorov Chaushev
Member of the Board
Yordan Atanasov Karabinov
Member of the Board
Stoyan Zhivkov Stalev
Member of the Board
Evelina Pavlova Slavcheva
Member of the Board
Petar Nikolov Bozadzhiev
Member of the Board
Executive Board
Daniela Ilcheva Peeva
IR Officer

Contacts

Address
32A Cherni Vrah Blvd.
1407
Sofia, Bulgaria
Telephones

+359 29 62 11 50
+359 96 39 31 01
+359 29 60 30 11

Fax

+359 29 62 11 46

Emails

monbat.trading@monbat.com

Websites
www.monbat.com

Ownership

Name Direct holding Indirect holding Owner type Country
Prista Oil EAD 42.73 Company Bulgaria
Other 36.49 Other
Prista Holdko Kooperativ 20.78 Company Austria

Subsidiaries and affiliates

Name Direct holding Indirect holding Country
Monbat Holding Tunis Ltd. 100.0 Netherlands
Monbat Batteries GmbH 100.0 Austria
Monbat Sped EOOD 100.0 Bulgaria
Start AD 97.8 Bulgaria
Monbat Recycling EAD Bulgaria 100.0 Bulgaria
Monbat Romania OOD 99.0 Romania
Oktagon International EOOD 50.0 Bulgaria
Monbat Holding Germany Ltd. 90.0 Germany
Monbat New Power AD 51.0 Bulgaria
Energy Battery Nigeria Ltd. 100.0 Nigeria

Products and services

Monbat AD produces:

  • starter batteries - batteries for cars and  trucks, farming vehicles and batteries for tractors:
    • Monbat Dynamic
    • Monbat Hugh Power for diesel automobiles, as well as for vehicles, operating at low temperatures
    • Monbat Maintenance Free
    • Monbat Heavy Duty for installation on trucks and tractors
    • Monbat JIS Standard, in accordance with the Japanese standards and designed especially for some Japanese and Korean automobiles
  • special batteries for military applications – Armypower series batteries, including series Air power and Landed power - for aircraft and helicopters for Russian and NATO vehicles. The company is the sole producer of the 6 CT 160 PK starter battery for armored tanks
    • starter batteries BS4 12V 330AH for diesel locomotives
    • starter batteries 12V 165AH for diesel locomotives
    • batteries 12V 80AH for electrolocomotives
    • batteries for locomotives - railroad sources of starter power and energy for equipment support
    • stationary batteries - valve regulated lead - acid stationary batteries.

 

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