Monotown Development Fund to take part in financing Beloretsk Factory

27.12.2017

Monotown Development Fund to take part in financing Beloretsk Factory

The Supervisory Board of the Non-Profit Organization “Monotown Development Fund” has green-lighted an investment project to build a leaf spring production line in Beloretsk, Republic of Bashkortostan. The funding will be provided in the form of a loan in the amount of 112.3 million rubles, at 5% p.a., for up to 5 years. For the first time, financing will be provided together with the Industry Development Fund. The project aims to expand the existing production, increasing the range of products and raising the output to 1300 tons a month. 29 new jobs will be created thanks to the implementation of the investment project. The total project value is 319.4 million rubles.
PKF MEF-Audit team has conducted an investment analysis of the project and confirmed its compliance with the requirements of the Monotown Development Fund and Industry Development Fund. Our team is highly experienced in appraisal for financial borrowing purposes against pledge of assets. As an appraiser, PKF MEF-Audit is certified by the Monotown Development Fund, Russian Agricultural Bank, VTB Group, Vnesheconombank, Credit Bank of Moscow, Transkapitalbank, which allows for a significantly shorter period for processing the customer’s application to the credit committee.