Basic Element Ltd was incorporated in September 2002, according to the Jersey Registry. A year later, it changed its name to Kanchen Energy Capital Ltd, and in August 2005 it became Basic Element again. Just at this time, "Basel" began to turn into a holding company with the current structure.
It follows from the document that at the end of 2007, Basic Element was 100% owned by a registered British Virgin Islands A-Finance, of which Deripaska is the beneficiary. Basic Element itself directly or indirectly owns controlling stakes in companies in the machine-building sector (Russian Machines, GAZ Group, "Aviakor" etc.), 46% of the shares of Valtoura Holdings Ltd. (owns Rasperia Trading, which bought shares in Hochtief and Strabag). The remaining stake in it is controlled by A-Finance. Basic Element also owns a 25% stake in En+ (the rest is also owned by A-Finance), which owns a 56% stake in UC Rusal. And earlier, Basic Element owned 20% of En + shares. Another 5% stake was transferred by the shareholder to Basic Element in 2007 - this was reflected as a contribution Deripaska in the authorized capital of Basic Element, estimated at $366 million. The financial block of "Basel" is also not listed in the financial statements.
However, the report disclosed data on financial indicators Basic Element, said an employee of the investment company. Its revenue (including discontinued operations) in 2007 was $8.446 billion, gross profit - $1.684 billion. Profit before tax - about $920 million, and net income - about $740 million.
Basic Element debt at the end of the year amounted to about $6.253 billion ($2.891 billion in long-term and $3.36 short-term loans and borrowings). According to a rough estimate, the ratio of debt to EBITDA was at least 4.5, said Egor Fedorov, an analyst at the Bank of Moscow. The banks pledged a share in Magna International bought on credit (20%, they took a two-year loan from BNP Paribas for $ 1.229 billion, was recently sold on margin calls), 67.8% of the shares of the GAZ group, 42% of the shares of Aviakor and 69.3% shares "Abakanvagonmash" .
Also, Bazel was recently forced to sell 9.99% of Hochtief's shares through margin calls. A 25% stake in Strabag was pledged to Deutsche Bank as collateral for a loan to purchase paper. Recently, other shareholders of the construction company provided Bazel with 460 million euros to refinance this loan, also secured by Strabag shares. True, the reporting does not say anything about the encumbrance on the shares of Strabag and Hochtief, the source of Vedomosti claims.
But Basic Element pays almost no dividends to Deripaska: in 2007 they amounted to about $21 million.
“Since the figures cited in the article may be related only to one of the companies included in the group, it makes no sense to judge the financial performance of Bazel by them as a whole. They do not represent the whole or even a significant part of the picture.", - Alexander Lukin, Deputy General Director for Finance of Basel, reported through the press service. Lukin declined to comment further. He explained this by saying that he could not "seriously discuss papers<...>obtained from an unknown source.
Basic Element, private investment fund
Owner - Oleg Deripaska.
Assets – En+ Group (UC Rusal, Eurosibenergo, United Oil Group, Salamon Enterprises), Russian Machines (GAZ, Aviakor, Abakanvagonmash), Basic Element Finance financial company (Ingosstrakh, Soyuz Bank) , Element Leasing, Sotsium pension fund, Pifagor management company), Element Resources resource holding (Soyuzmetallresurs, Continental Management, etc.), construction companies.
Gulzhan Moldazhanova (CEO)
▲ more than $24 billion (2010, total revenue of the holding companies)
Group of companies "Basic element" (Basel) is a Russian financial and industrial group. "Basic Element" unites companies directly or indirectly controlled by Oleg Deripaska. Structures of "Basic Element" manage assets and own significant stakes in dozens of companies. The headquarters is in Moscow.
Story
Owners and management
The owner of "Basic Element" is businessman Oleg Deripaska. Legally, the majority of the assets of the companies included in Basic Element are owned by Basic Element Ltd (registered in Jersey), which, in turn, is 100% owned by A-Finance, registered in the British Virgin Islands, whose beneficiary is Deripaska.
General Director (February 2005 - February 2009) - Gulzhan Moldazhanova, since March 2009 the new General Director is Oleg Deripaska. On July 25, 2012, Gulzhan Moldazhanova was appointed General Director again.
Activity
The group's assets are concentrated in machine-building, mining and metallurgical, energy, financial, construction, aviation, agro-industrial and other sectors of the economy. The group's enterprises employ about 250 thousand people in Russia, the CIS countries, Africa, Australia, Asia, Europe and Latin America.
The group manages the following companies:
Energy, non-ferrous metallurgy and mining sector
Airlines
Tourist services
JSC "Territorial Air Communications Agency "Kuban" (TAVS "Kuban").
Construction
media business
- For Media (operates television and radio companies in Krasnoyarsk, Novosibirsk, Irkutsk, Bratsk, Nizhny Novgorod, Krasnodar, Abakan, Sayanogorsk, Achinsk, Kodinsk, Alzamai, Baikalsk, Zalari, Kuitun, Nizhneudinsk, Pokosnoy, Cheremkhovo, Taishet, Usolie-Sibirskoye, Sayansk, Tulun).
Real estate
Network businesses
- Network of retail distribution of periodicals Agency "Rospechat";
- Express delivery service Pony Express;
Performance indicators
The total revenue of the group's enterprises in 2007 amounted to $26.8 billion (in 2006 - over $18.47 billion), the value of assets at the end of 2007, according to its own estimates, increased by 2.4 times compared to the end of 2006 to $45 billion .
The total revenue of the group's companies in 2010 amounted to $24 billion.
Ecology
"Basic Element" acted as a co-founder of the National Fund "Zone Zapovednaya". The Fund, together with the United Nations Development Programs in Russia, participates in a biodiversity conservation project in the Altai-Sayan Ecoregion. The Foundation is also a partner of the Association of Reserves and National Parks of the Altai-Sayan Ecoregion and the Center for Environmental Projects.
Notes
Links
Wikimedia Foundation. 2010 .
See what "Basic element" is in other dictionaries:
base element- - [L.G. Sumenko. English Russian Dictionary of Information Technologies. M.: GP TsNIIS, 2003.] Topics information Technology in general EN base elementgeneral cell ...
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basic element for evaluating shape deviations- An element of the nominal shape that serves as the basis for assessing the deviations in the shape of the real surface or real profile. Note The basic element for evaluating form deviations is also used to eliminate the influence of form deviations in determining ... ... Technical Translator's Handbook
A collection of test results at the same level from a single laboratory. In domestic documents, the term "general average value of the totality of test results obtained by one laboratory on the same ... ... Technical Translator's Handbook
basic element of the international path- (ITU-T M.2100). Telecommunication topics, basic concepts EN international path core elementIPCE ... Technical Translator's Handbook
basic element (cell) in the experiment to evaluate the precision- 3.4 cell in a precision experiment In domestic documents, the term "general ... ... Dictionary-reference book of terms of normative and technical documentation
Oleg Deripaska controls most of his assets through two companies - Jersey-based Basic Element Ltd and A-Finance from the British Virgin Islands
Julia Fedorinova
Basic Element Ltd was incorporated in September 2002, according to the Jersey Registry. A year later, it changed its name to Kanchen Energy Capital Ltd, and in August 2005 it became Basic Element again. Just at this time, "Basel" began to turn into a holding company with the current structure.
An employee of one of the investment companies, who saw the company's financial statements for 2007, told Vedomosti about the assets of Basic Element. The reliability of this information was confirmed by a source close to Basic Element.
It follows from the document that at the end of 2007, Basic Element was 100% owned by A-Finance registered in the British Virgin Islands, the beneficiary of which is Deripaska. Basic Element itself directly or indirectly owns controlling stakes in companies in the machine-building sector (Russian Machines, the GAZ group, Aviakor, etc.), 46% of the shares of Valtoura Holdings Ltd. (owns Rasperia Trading, which bought shares in Hochtief and Strabag). The remaining stake in it is controlled by A-Finance. Basic Element also owns a 25% stake in En+ (the rest is also owned by A-Finance), which owns a 56% stake in UC Rusal. And earlier, Basic Element owned 20% of En + shares. The shareholder transferred another 5% of the shares to Basic Element in 2007 - this was reflected as Deripaska's contribution to the authorized capital of Basic Element, estimated at $ 366 million. The financial block of Bazel also does not appear in the financial statements.
But the report disclosed data on the financial performance of Basic Element, said an employee of the investment company. Its revenue (including discontinued operations) in 2007 was $8.446 billion, with gross profit of $1.684 billion. Profit before tax was about $920 million and net income was about $740 million.
Basic Element debt at the end of the year amounted to about $6.253 billion ($2.891 billion in long-term and $3.36 short-term loans and borrowings). According to a rough estimate, the ratio of debt to EBITDA was at least 4.5, said Egor Fedorov, an analyst at the Bank of Moscow. The banks pledged a share in Magna International bought on credit (20%, they took a two-year loan from BNP Paribas for $ 1.229 billion, was recently sold on margin calls), 67.8% of the shares of the GAZ group, 42% of the shares of Aviakor and 69.3% of the shares of Abakanvagonmash.
Also, Bazel was recently forced to sell 9.99% of Hochtief's shares through margin calls. A 25% stake in Strabag was pledged to Deutsche Bank as collateral for a loan to purchase paper. Recently, other shareholders of the construction company provided Bazel with 460 million euros to refinance this loan, also secured by Strabag shares. True, the reporting does not say anything about the encumbrance on the shares of Strabag and Hochtief, the source of Vedomosti claims.
But Basic Element pays almost no dividends to Deripaska: in 2007 they amounted to about $21 million.
“Since the figures cited in the article may be related only to one of the companies included in the group, it makes no sense to judge the financial performance of Bazel by them as a whole. They do not reflect the whole or even a significant part of the picture,” Alexander Lukin, Deputy General Director for Finance of Basel, reported through the press service. Lukin declined to comment further. He explained this by saying that he could not "seriously discuss papers<...>obtained from an unknown source.
Basic Element, private investment fund
Owner - Oleg Deripaska.
Assets - En+ group (UC Rusal, Eurosibenergo, United Oil Group, Salamon Enterprises), Russian Machines (GAZ, Aviakor, Abakanvagonmash), Basic Element Finance financial company (Ingosstrakh, Soyuz bank , Element Leasing, Sotsium pension fund, Pifagor management company), Element Resources resource holding (Soyuzmetallresurs, Continental Management, etc.), construction companies.
Creative biographyBasicelement(Basik Element)
Basic Element is one of the popular bands in Sweden, which appeared in 1992. For themselves, they chose such a musical direction as electro-house and eurodance. The Basic Element team included Cesar and Peter, who worked in Holland and were both born in Malmö. According to Basic Element's agent's official website, having failed there, they came to Sweden to become pop stars.
The first single appeared in 1993 under the name Move Me. But only their second single, which appeared in early 1994, brought popularity to the group. Promise Man stayed on the air for a very long time and occupied high positions in all sorts of hit parades. Zetma, who left Basic Element after the release of the first album, took part in the recording of these first compositions. The first album was released in 1994 - it was a resounding success and the group established itself in its title the best groups Eurodance style. When Zanet joined the Basic Element team, the musicians began to work on their second album, which also became very successful. Today, this Swedish band has already released six studio albums, the last two of which appeared after some creative break.
You can't but rejoice at the fact that you can order a performance from Basic Element - this is a wonderful band that will delight you with many wonderful singles. By the way, the songs from the last album have become better known to the mass listener and, in fact, it is the sixth album - business card team. The single Touch You Right Now, which appeared in 2009, is especially popular.
