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On October 16, the Vilnius Regional Court filed a bankruptcy case against Baltkalis. Data from the Records Center shows that the ruling went into effect on November 4.
The creditors of the company Glanso Sprendimai and Belor petitioned Baltkalius to initiate bankruptcy proceedings.
The court ruling establishes that, according to Baltkalis’ balance sheet as of August 31, the company’s past due debts amounted to LTL 17.1 million. euros. Baltkalis claimed in court that he owed another LTL 19.6 million. The assets of the company amount to 22.1 million euros. However, the court ruled that there was no evidence that Baltkalis had a realistic chance of recovering overdue debts.
Therefore, according to the court, Baltkalis’ assets at the end of August were only 6.939 million. euros.
“The data shows that the defendant (Baltkalis – BNS) cannot meet his property obligations on time; he has past due liabilities and all his liabilities exceed the real value of the company’s assets, so he is considered insolvent,” it ruled. the court.
Baltkalis’s largest debtor is Biovasto Investicijos, a company indirectly managed by Arvi and headed by Darius Fiodorovas, Director of Baltkalis. The shareholder of Biovasto Investicijos from 2017 to early November of this year was the Cypriot offshore company Ibi Innovative Bio Industries.
Baltkalis last submitted a 2017 financial report to the Records Center. Later, the company received $ 47,855 million. income and earned 5.4 thousand. net profit of the company, when in 2016 the profit of the company exceeded 1.2 million. euros.
The case claims that Baltkalis has been operating at a loss for the past several years.
In 2019, the company was included in the list of unreliable suppliers. The company Panevėžio energija, which stated that Baltkalis is not complying with its obligations under the agreement, submitted a request to the Public Procurement Office (VPN), which is compiling the list.
The minutes of the Baltkalis shareholders’ meeting of September 2019 indicate that V. Kučinskas, through the company Vyrja, owns 42.6%. shares of the company, the rest of shares belong to individuals. According to data from the Registry Center, since March this year, the LIT Salt Trade company has been among the shareholders of Baltkalis.
Mr. Kučinskas was arrested in Slovenia in July at the request of Russia, where he is accused of fraud. In early August, the Lithuanian Prosecutor General’s Office requested from Slovenia the transfer of V. Kučinskas to Lithuania, as the Kaunas Regional Prosecutor’s Office is conducting a pre-trial investigation in which V. Kučinskas has the status of a suspect.
Earlier it was reported that the Russian bank Alfa Bank is trying to recover about 20 million V. Kuchinsky through the courts. debt in euros.
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