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Privatization of "O'ZVAGONTA'MIR"

"O'ZVAGONTA'MIR" Company is pleased to announce the sale of its 15% shares for $1.68 million to foreign investors.

     Primary activity of "O'ZVAGONTA'MIR" Company is production and realization of scheduled repair (shed, capital and capital repair with extension of term of useful life of freight cars) of all freight cars, and also modernization of freight cars.

     According to decision of board of joint-stock company «O’zbekiston temir yo’llari” (Uzbekistan railways) on 15.02.2016, 15 % shares of "O'ZVAGONTA'MIR" JSC that makes 445235 pieces of shares are subject to realization by foreign investors through "TOSHKENT" Republican Stock Exchange for 1,682,988 US dollars, at the price 1 share of 3,03 US dollars, also by the decision of board of joint-stock company it is possible the realization of controlling pieces of shares.

     According to Decision No.286 of the Cabinet of Ministers of the Republic of Uzbekistan on 28.10.2009 “On transfer of state holding of shares of enterprises of railway branch in the Authorized fund of SJSRC “O’zbekiston temir yo’llari” (Uzbekistan railways), 90 % shares of "O'ZVAGONTA'MIR" JSC are transferred in the Authorized fund of “O’zbekiston temir yo’llari” (Uzbekistan railways), rest 10 % shares belong to minority shareholders of the company.

     In pursuance of Resolution No.108 of the Cabinet of Ministers of the Republic of Uzbekistan on March 3, 2001 «On perfection of management system of SJSRC “O’zbekiston temir yo’llari” (Uzbekistan railways), by order No.115- of the Chairman of Board of SJSRC «O’zbekiston temir yo’llari» (Uzbekistan railways) on 04.06.2001, has been formed July 1, 2001 an unitary enterprise for repair of freight cars “Uzremvagon” which focus is carrying out unified technical and economic policy on provision with freight of economic cargoes with faultless freight cars and containers. According to the order No.184 k-PO of the State Property Committee of the Republic of Uzbekistan on 28.06.2002, the unitary enterprise for repair of freight cars "Uzremvagon" is reorganized as "O'ZVAGONTA'MIR" Open Joint-Stock Company.

     "O'ZVAGONTA'MIR" JSC - is a group of professionals aimed at assurance of high quality of repair, both freight cars, and carriages.

     The company has five car sheds (CSH), located at:

     Havast car shed - is located in Syrdarya region, Khavast city, territorially has exits on Tashkent and Djizakh regions, and further on all the Republic of Uzbekistan, and also borders on the Republic of Tajikistan and Kazakhstan;

     Andijan car shed - is located in Ferghana valley, Andijan region, Andijan city, border territory with Kirghizia, Tajikistan, a link of haulway is newly opened railway branch Tashkent-Angren-Pap - Kokand and further all Fergana valley;

     Samarkand car shed is located in the centre of the Republic of Uzbekistan, in Samarkand region, Samarkand city, has huge advantages, as  its location has possibility of exit by rail on all territory of the Republic and further to the CIS countries;

     Kungrad car shed is located in the Republic of Karakalpakstan, Kungrad city, borders on Kazakhstan, Turkmenistan, is located in the northwest part of the Republic;

     Termez car shed is located Surkhandarya region, Termze city, borders on Tajikistan, Afghanistan, in territory of Termez there is also a river port-Termez.

     In all car sheds of the company there are engineering communications (electric power, water supply, sewerage, heat supplies for the account of own boiler-houses).

     Car sheds carry out depot, capital and capital repairs with extension of term of useful life of freight cars, and also make depot repair of carriages and their maintenance service in volume -3 in VCHD-Andijan and VCHD -Kungrad.

     From the moment of establishment in 2001 of the enterprise steadily has been working in market of cars repair and in full carries out obligations before partners. Clients of "O'ZVAGONTA'MIR" joint-stock company are both major operators of rolling stock, and small enterprises. Expansion of client base - the best confirmation of qualitative and fair work of the Company.

 

     REPAIR BASE OF CAR SHEDS OF "O'ZVAGONTA'MIR" JOINT-STOCK COMPANY:

     Repair base of car sheds includes all necessary equipment for performance of qualitative and timely repair of units and details of all kinds and types of freight cars.

     In structure of car sheds there are following repair both auxiliary departments and office buildings:

Rail car assembly shop (RCAS);

Wheel-roller shop (WRS);

Small cart shop (SCS);

Secondary procuring shop (SPS)

Checking point of repair of automatic coupling equipments (CPA)

Checking point of repair of the automatic brake equipments (CPAB);

Electric equipments repair shop;

Development shop;

Nitric-oxygen complex (NOC) VCHD-Khavast;

Sanitary and domestic centre (SDC);

Department of master mechanic and garage;

Buildings of administrative and managerial personnel, etc.

Car sheds are provided by necessary quantity of siding for performance of necessary volume of cars repair.

Also are provided by modern means of nondestructive testing, such as flux gate, magneto-powder, ultrasonic and vortex-current.

Equipments which are available in car sheds of the Joint-stock company may be rendered qualified joiner's, turning, welding and other services.

     In all sheds of the company a quality management system according to international standards ISO 9001:2008 is implemented. From June 28 to 30, 2011 has passed recertified and supervising audit by Evroaziumekspertgrupp and Moodi International which estimated planning and effectiveness of management system implementation. The enterprise is recommended to registration extension, as corresponding to requirements of international standard ISO 9001:2008. Main purpose of system implementation -  is optimization of target "cost price-quality". Samarkand and Khavast car sheds are certified in system Moody International Certification (MIC) in 2007, Andijan car shed - in 2009

 

     PROFITABILITY:

     The Authorized fund of "O'ZVAGONTA'MIR" Joint-stock company is 1 million 52 thousand US dollars.

     "O'ZVAGONTA'MIR" Joint-stock company has close relationship with “O’zbekiston temir yo’llari” (Uzbekistan railways) Joint-stock company for account which are formed to 80 % of incomes of the company. Additional incomes are formed at the expense of orders of industrial enterprises of Uzbekistan and the neighboring countries having on the balance own stock of freight cars.

     By results of work for 2015 of "O'ZVAGONTA'MIR" joint-stock company has executed 2888 units, depot repair of freight cars.

     By capital repair were repaired 515 cars.

     The volume of cars repair of industrial enterprises considerably was increased by last year from 847 to 985 cars, including 359 cars KRP and 92 cars in capital repair.

     Depot repair of carriages has made 40 cars, in volume -3 of 39 cars.

     Incomes of the enterprise for 2015, have made - 7 million 595 thousand 427 US dollars.

     General financial result has made 396 thousand 028 US dollars.-101,2 % to the business plan.

     Net profit has made 326 thousand 670 US dollars. (100,12 % to the business plan). 

Financial plan

 

Forecast of financial indicators of "O'ZVAGONTA'MIR" joint-stock company for 5 years (2016-2020)

 

 

 

 

 

 

 

 

 

 

 

US dollars

Indicators

report for 2015

forecast for 2016

forecast for 2017

forecast for 2018

forecast for 2019

forecast for 2020

 

income

expense

income

expense

income

expense

income

expense

income

expense

income

expense

Sales net proceeds

7595427

 

7823289

 

8057988

 

8299728

 

8548720

 

8805181

 

Production cost

 

6420415

 

6613028

 

6811419

 

7015761

 

7226234

 

7443021

Financial results

1175011

 

1210262

 

1246569

 

1283966

 

1322485

 

1362160

 

Other operating incomes

432413

 

436737

 

441104

 

445515

 

449970

 

454470

 

Exchange differences, other

1600

 

 

 

 

 

 

 

 

 

 

 

Administrative expenses

 

467941

 

479639

 

491630

 

503921

 

516519

 

529432

Other operational expenses

 

745055

 

763682

 

782774

 

802343

 

822401

 

842961

Overall financial result before profit tax

396028

 

403678

 

413270

 

423218

 

433535

 

444237

 

Profit tax (7,5 %)

 

40952

 

24120

 

24376

 

24641

 

24917

 

25202

Tax on infrastructure

(8 %)

 

28406

 

30365

 

31112

 

31886

 

32690

 

33523

Net profit

326670

 

349193

 

357783

 

366691

 

375929

 

385512

 

Enquiries

"O'ZVAGONTA'MIR" company

Republic of Uzbekistan

Tashkent, 8 Elbek street

Tel./fax - 299-14-30,

uzvagontamir@mail.ru

www.uzvagontamir.uz,

EMBASSY OF UZBEKISTAN IN LONDON

economy@uzbekembassy.org

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