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Zeljezara Niksic A.D. - non-existent

Summary

Company ID (NIN)

02000547

Company owner / manager

  • Other

Country

Montenegro

Capital

69,405,954

Total assets

101,111,427

Net loss for the period

32,267,123

Report year

2010

Currency

EUR

Industry

Ferrous Metals

General information

About Zeljezara Niksic A.D. - non-existent

Zeljezara Niksic A.D. is a Montenegrin steel mill.

THE DATA PROVIDED BELOW SHOWS THE PROFILE OF THE COMPANY UNTIL IT WAS WRITTEN OFF THE TRADE REGISTER.

 

Last updated on July 11, 2019.

Meta info
Status
Written Off
Legal form
Joint Stock Company
Incorporation date
Dec. 16, 1950
NIN
02000547
Tickers
ZEHK
Stock Exchange
Montenegro Stock Exchange
ISIN
MEZEHKRA0NK5
Profile last updated
July 11, 2019, 5:34 p.m.
Alternative names

    Zeljezara Niksic;
    Zeljezara Niksic JSC;
    HK Zeljezara Niksic AD

History

    Dec 16, 1950 - Yugoslav Republic establishes steelworks near Niksic, central Montenegro.

    Dec 8, 1956 - Steel factory starts operating.

    Mar 1, 2002 - The company lists on the Montenegro Stock Exchange.

    July 10, 2002 - The company is registered as a joint stock company.

    2003 - Montenegrin government sells the majority stake in the steelworks to Bulgaria-registered consortium Steel Group Investment. Later the deal is cancelled as the bidder fails to provide the necessary guarantees for the purchase and investment in the plant.

    June 2004 - Montenegrin state sells the majority stake in the steel mill to UK-based trade and investment group Midland Resources at the token price of EUR 1,000.

    November 2005 - Midland Resources withdraws from the deal, saying the company was unprofitable. The state takes over the company after the cancellation of the privatisation contract.

    November 2006 - Montenegrin government sells a 66.7% state-owned stake in Zeljezara Niksic to Amsterdam-based company Montenegro Speciality Steels Ltd. (MNSS) for EUR 5.2 mln.

    January 2007 - Zeljezara Niksic's shares start trading on the List A of the Montenegro Stock Exchange.

    June 2007 - The state puts for sale a 7.0% state stake in steel mill at a call price of EUR 6.0 mln on the Montenegro Stock Exchange.

    Feb 28, 2008 - Montenegro Speciality Steels Ltd. (MNSS) sells its stake in Zeljezara Niksic for a total of EUR 16,645,726 to MNSS B.V., Amsterdam. Later the Montenegrin government approves the deal.

    May 12, 2010 - The company receives ISO 9001:2000 Quality management systems certificate.

    Apr 15, 2011 - The Commercial Court in Montenegro initiates bankruptcy proceedings due to debt of EUR 193 mln, including unpaid wages and benefits to its 1,500 workers.

    July 2011 - Veselin Perisic becomes Zeljezara Niksic’s bankruptcy administrator.

    Nov 3, 2011 - The Commercial Court in Montenegro declares Zeljezara Niksic A.D. bankrupt and rejects a restructuring proposal by MNSS B.V., Amsterdam. The state holds formal decision on bankruptcy in attempt to find a new key investor.

    January 2012 - Montenegrin state calls a tender for the sale of Zeljezara Niksic A.D., setting the starting price at EUR 30 mln.

    May 2012 - Turkey's company Toscelik acquires Zeljezara Niksic A.D. for EUR 15.1 mln.

    2018 - The company is written off the Trade Register of Companies and no longer exists as a separate legal entity. Later the company delist from the Montenegro Stock Exchange (Stock Symbol:ZEHK, ISIN:MEZEHKRA0NK5).

     

    Last updated on July 11, 2019.

Management

Board of Directors
Mark Richard Jacobson
Chairman of the Board
Daniel Roman Brol
Member of the Board
Michael Segerman
Member of the Board
Goran Nikolic
Member of the Board
Ranko Milovic
Member of the Board
Alan Steven Jacobson
Member of the Board
Dragan Darmanovic
Member of the Board
Executive Board
Leslaw Kwasik
CEO

Contacts

Address
BB, Vuk Karadzic Str.
81400
Niksic, Montenegro
Telephones

+382 40 202 900
+382 40 202 222

Fax

+382 40 202 901
+382 40 202 023

Emails

info@tosyaliholding.com.tr
dzvicer@znk.co.me

Websites
www.toscelikniksic.me

Ownership

Name Direct holding Indirect holding Owner type Country
Other 33.67 Other

Subsidiaries and affiliates

Name Direct holding Indirect holding Country

Products and services

Zeljezara Niksic A.D. produced crude steel, alloy and non-alloy steel and more than 215 steel products.

 

Last updated on July 11, 2019.

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