Joint-Stock Company
«Matbuot tarqatuvchi»
About Company
Impeccable reputation, a long-term dissemination of print, a powerful
production base, high quality information support and qualified staff ensure
that the Joint Stock Company "Matbuot tarkatuvchi" occupy a leading
position in the market of print media.
Our mission - to be a link between publishers, editors and readers.
Resume
“Matbuot tarkatuvchi” Joint Stock Company is formed in accordance with the Decree
of the Cabinet of Ministers of the Republic of Uzbekistan No. 418 dated September 13,
1999 “On improvement of management structure of enterprises of periodical press
publication”.
The main objectives of “Matbuot tarkatuvchi” joint-stock company are:
• meet the needs in press of the Republic of Uzbekistan of the republic’s and other states’
population;
• organizing, carrying out marketing and monitoring the need in periodicals;
• ensuring distribution of periodicals through a network of kiosks and retail distributors
of periodicals;
• development and implementation of measures for rational and efficient allocation and
development of a network of retail kiosks;
• ensuring, together with branches of “Uzbekiston pochtasi” JSC timely delivery of
periodicals to consumers, as well as organization of subscription to periodicals, and its
implementation through the network of post offices.
Distribution of printed materials through a network of kiosks of the Company – is a
steady and stable sector of distribution of periodicals.
“Matbuot” kiosks are one of major retail channels of sale of print media.
Activity of “Matbuot” kiosks will be upgraded in medium term in accordance with the
requirements of our time and in the foreseeable future will become universal multimedia
points, providing a wide range of services to the population.
Investment portfolio of the Company's includes shares of “Aloqabank” OJSCB,
“Alscom” JV, share of "Nano Leasing" LLC, and of other societies for the amount of 1
342.0 mln. soums. The company pays a dividend to shareholders every quarter.
Description of the company
“Matbuot tarkatuvchi” Joint Stock Company is formed in accordance with the Decree of
the Cabinet of Ministers of the Republic of Uzbekistan No. 418 dated September 13, 1999 “On
improvement of management structure of enterprises of periodical press publication”.
The register of shareholders of the company consists of 403 shareholders, including 10
legal entities.
According to the Decree the Company's authorized fund includes the State share of 26
percent. State Property Committee of Uzbekistan appointed Public manager to control the state
package of shares - Ministry of Development of Information Technologies and
Communications.
Financing operations of the Company, including support of its executive staff, is made at
the expense of economic activities, rendering of services and other revenues.
10 subsidiaries and 4 limited liability companies in the regions of the Republic operate
as a part of the Company in order to improve management structure and establishment of
single enterprise network for distribution of periodical press, provision population of the
Republic with printed products through retail sales and subscription, acceleration of
delivery and reduce its cost.
Organizational structure and resumes of the main managers are attached.
The Company employs more than 726 full-time employees; the share of employees with
higher education is 18.5%, with secondary - 48.1%, with basic - 33.4%. There is planned
increase in the share of employees with higher education up to 25.0% and with secondary
– up to 55.0% through retraining.
110 people out of the staff are administrative and management staff, 30 - IS, and the
rest belong to production personnel.
Average salary of employees is attached.
Key financial indicators for the last 5 years is attached.
Organizing the activities
Organizing the activities
The company performs basic functions of distribution in the scheme of periodical press
distribution. Although “Uzbekiston pochtasi” JSC organizes distribution of periodicals through
“Matbuot tarkatuvchi” JSC, duplicating functions are insignificant, companies are actually
competitors.
The Company concluded contracts on distribution with editorial (publishers), printing
presses of republican periodicals and with publishers of books of legislative, legal nature, as
well as fiction.
The Company concluded contracts with a subsidiary of “Halkaro pochtamt” for expedition
(mostly of commercial publications) and delivery of newspapers and magazines by air and road
transport to regional centers (to exchange points) of the Republic.
Contracts with “Shark’ Publications and Printing Joint Stock Company, “Uzbekistan”
Publications and Printing Creative House on expedition of periodicals have been concluded.
“Matbuot tarkatuvchi” Joint Stock Company organizes monthly market researches
and monitoring of need for periodicals through collection of applications and the fact of
sale.
The company, together with regional administrations of regions and of Tashkent city
is constantly working on development of measures aimed at rational and effective
allocation and development of a network of retail kiosks.
About 15% of the total circulation of periodicals of the Republic is distributed by
subscription through the network of the Company, and approx. 14% - in retail, it is
possible and works are performing to increase the market share of the Company.
More than 73.5 million copies of periodicals were distributed through the Company in
2015.
Currently, the network of press distribution of the company employs more than 1.5
thousand people. Serious technological base, including storage and shipping systems, ITsecurity, courier delivery, and a variety of other service departments is created.
The company has a network of retail sales of periodicals through "Matbuot" kiosks,
more than 1 136 units in the republic.
More than 70% of kiosks were the old model at the beginning of the activities. The
Company has purchased and upgraded more than 500 new kiosks during the past period,
some of them were installed in regional centers and cities of the republic.
Works on modernization of press distribution are performed on the basis of "Press
distribution development program for 2015 - 2018."
Subsequently the Company plans to expand the network of "Matbuot" kiosks for
more than 2 000 units.
The company has more than 110 vehicles for transportation of periodicals.
There is no need in special technologies and raw material base for development of
the activities. There is also no need in new or additional manufacturing equipment. The
Company's activity has not impact on environment.
Sorting periodicals
Delivery of periodicals
Description of the services
Printed periodicals have been always performing socially significant functions, primarily
the most complete and competent provision of information to citizens about the most
important events and phenomena taking place in society.
Print media are authoritative source of news, analytical and entertainment information for
many citizens of the republic, especially in regions.
The company annually publishes a catalog of periodicals and books, which are distributed in
the territory of the Republic of Uzbekistan. The catalog includes more than 500 types of
periodicals and 200 books. Subscription is made at different prices and is delivered to the
subscriber's address or to "Matbuot" kiosk.
Clients (subscribers) have opportunity to subscribe to periodicals and receive them in these
kiosks.
The company together with "Uzbekiston Pochtasi" JSC ensures timely delivery of periodicals
to consumers, as well as performs subscription to periodical press and its implementation
through the network of post offices.
The company has a license for wholesale (unlimited) and a license for road transport.
The company is neutral in distribution, ensures availability of all publications in a
particular retail chain, together with publishers plans sales of products and takes measures to
promote products, timely responds to fluctuations in demand by changing the volume of
deliveries, timely pays for the sold products in accordance with contractual obligations to
achieve the objectives.
The need for certification and upgrading of publications distributed through the
Company is not required.
Market review
Retail distribution network of periodicals owned by the Company is the largest in the
country. The Company was able to transform the appearance of kiosks of sales of
periodical press during the reporting period. Modern newsstands have become an integral
part of transforming cities of modern Uzbekistan. When drafting new kiosks projects
achievements of modern industry and compulsory preservation of the ancient orient
traditions are taken into account.
Printing industry remains an important segment of the economy of Uzbekistan, and a
number of existing printers have implemented a comprehensive modernization ensuring
production of lottery, high-quality periodicals.
Retail press distribution system plays an important role in promoting socially relevant
publications. However, present number of retail selling press outlets in the regions is not
enough.
Market of distribution of periodical press has been developing quite dynamically in the
recent years. This is facilitated by a number of reasons: favorable economic situation in the
country, liberal press legislation, steady increase in demand for high-quality printing and
improvement of technologies.
As a result, capitalization and investment attractiveness of the market grow, a number
of registered periodicals along with their crisp positioning in terms of thematic and
consumer niches, reading and advertising consumer preferences rapidly increases,
competition intensifies.
Alternative press distribution systems begin to create in Uzbekistan in market
conditions. There are a number of large and small commercial companies in the market
now, offering services on registration of subscription to periodicals and their delivery.
The main part of alternative distributors of periodicals carries out subscription and
delivery of newspapers and magazines to readers in the city of Tashkent, in regional centers
and large cities, where a high concentration of companies and organizations is, that enables
them to provide services for distribution of periodical printed materials without producing
costs for their delivery to remote settlements.
“Matbuot” Kiosks are one of major retail channels of print media sales. If we consider
the market of retail sales, excluding subscription, kiosks of the Company sell about 12-14%
circulation of newspapers and magazines. Kiosks have not lost their relevance in the market
now, and are the main, mass and the most effective form of distribution of newspapers,
magazines and books.
However, additional marketing potential for increasing sales is still quite high.
We plan to increase the share of the Company in retail market of periodicals for about
20-25% of circulation of newspapers and magazines in the future.
ICT department of the Company has the purpose to introduce modern innovative
technologies to the network. Term of realization of the Development Program will take 3-5
years, investments in IT - one of the main areas of the Company's investment in the next five
years.
Connecting all regional units of the Company to the subscription system of "Matbuot
tarkatuvchi" JSC helped to speed up processing of orders and receiving payments by quick
obtaining accurate information about subscribers of periodicals and quick subscribe
registration by rapid transmission of information to the "automated subscription system."
Today, 12 regional companies and 45 regional offices of the Company are connected to the
automated system. Works for connection of this system to the rest of district units of the
regional enterprises of the Company are performed.
Financial plan
Development of distribution network requires very considerable financial resources.
The amounts of investments will be determined on the basis of action plan and project
documentation separately. The source of financing is own funds of the Company - the
Company's assets, capital, reserves and income. The total investments over the next 3
years are about 6.0 bln. UZS.
The Company's authorized capital is 4 000,0 million UZS, reserve capital - 1 679 200
000 UZS, retained earnings - 2 916 400 000 UZS on January 1, 2016.
Nominal value of 15% of the shares offered to foreign investors is 600.0 mln. UZS.
Works for assessment of the share selling are performed by the specialized evaluating
company.
Significant investment items are development of ICT infrastructure, modernization of
automated business processes, further automation of sorting process, transport
infrastructure.
Implementation of the goals set by measures on development of the network will
improve the Company's financial results.
One of consequences of the Company's planned investment activity will be a
temporary increase in short-term financing in 2016-2018 years - growth of the services
rendered will require increase of the working capital, while all cash will be directed to
investments.
The Company may need external financing for successful implementation of the
development program. The sources of these funds may be borrowed funds or funds of
shareholders involved in the capital of the Company.
A wide range of products offered to residents of the republic by “Matbuot” kiosks
requires high costs of the Company for organization of the whole trading process.
One of the main cost items is transport and warehouse logistics. Specifics of the
market is that periodic printed products, especially newspapers, have very short life cycle,
so distribution system has high daily logistic processing load both of direct and reverse
circulation flows. Transport costs for delivery of goods to the point of sale for retail
distribution are fixed costs, not variable - like at other companies. Development of kiosk
network requires substantial investment.
The following projects are being developed in the Company in order to develop ICT
in the sphere of periodic press distribution:
- on formation of VPN tunnels for creation a corporate network between enterprises of
the Company;
- on organization of video and audio conferences via IP-based telephony;
- on establishment of data transmission network between kiosks of Tashkent city.
Forecast of the main indicators for 5 years is included
Реквизиты Акционерной компании
«Матбуот таркатувчи»
Name
City
JSC “Matbuot
tarqatuvchi”
Tashkent
city
Phone
Post and full
name of the
director
General director
S.U.Najbiddinov
2337549
Code of
GCEO
Code of
ITIN
Код GCSE
Servicing bank
17516044 203213028
71150
JSC “Aloqabank”
IFT 00401
Account number
Servicing
bank
Address
JSC
Tashkent, Amir Temur Str.,
20208000100415438001 “Aloqabank”
1-app, Building 2
IFT 00401
Certificate of state registration
The license for wholesale trade
Контакты
Address: 100000, Tashkent, str. Amir Temur app.1, Building 2 (Reference points: Alay market)
Transports:
Subway: Abdulla Kadiri
Buses: 10, 17, 24, 38, 41, 51, 60, 67, 71, 72, 85, 89, 93
Contact phone numbers:
Reception: 233-75-49
E-mail: info@akmt.uz
Administration building of the Company
Front view
View from the yard
Store-rooms
Sorting sector
Approved “Matbuot” boothes
“Matbuot” boothes
Organizational management structure of the
Joint-Stock Company “Matbuot tarqatuvchi”
Main factors of the JSC “Matbuot tarqatuvchi”
for 2011-2015 years
Thou. sum
№
The name of
indicators
Commodity
circulation
Gross income
Net profit
1
2011 year
46 645 665,0
10 208 832,0
974 198,0
2
2012 year
60 625 174,0
12 962 329,0
906 318,0
3
2013 year
63 838 248,0
12 881 436,0
1 229 058,0
4
2014 year
66 461 899,0
14 048 616,0
1 771 481,0
5
2015 year
66 145 757,1
12 853 319,4
1 692 258,9
Forecast of key indicators of the
JSC “Matbuot tarqatuvchi” for 2016-2020 years
Thou. sum
№
The name of
indicators
Commodity
circulation
Gross income
Net profit
1
2016 year
68 130 129,8
13 238 919,0
1 489 187,8
2
2017 year
70 105 903,6
13 622 847,6
1 532 374,3
3
2018 year
72 279 186,6
14 045 155,9
1 579 877,9
4
2019 year
74 592 120,6
14 494 600,9
1 630 434,0
5
2020 year
77 053 660,5
14 972 922,7
1 684 238,3
The number of employees and wage of the
JSC “Matbuot tarkatuvchi” on January 1, 2016
№
1
2
3
4
5
6
7
8
9
10
11
12
13
14
Regional Enterprise
The Republic of Karakalpakstan “MT”
Andijan “MT” Ltd
Bukhara “MT” subsidiary
Jizzakh “MT” Ltd
Qashqadaryo “MT” subsidiary
Namangan “MT” subsidiary
Navoi “MT” subsidiary
Samarqand “MU” Ltd
Surkhandaryo “MT” subsidiary
Sirdaryo “MT” Ltd
Fargona “MT” subsidiary
Khorezm “MT” subsidiary
Tashkent “MT” subsidiary
Central office of the JSC “MT”
Total
FUND WAGE
(Thou. sum)
Strength
252 173,9
478 819,0
267 680,5
122 265,4
182 749,0
159 336,7
70 791,3
563 640,0
309 670,8
91 348
308 976,5
359 652,0
290 593,0
2 331 114,0
5 788 810,1
40
83
39
25
21
33
9
108
42
15
41
43
45
204
746
Average
salary
(Thou. sum)
525,4
480,7
572,0
407,6
725,2
402,4
655,5
434,9
614,4
507,5
628,0
697,0
538,1
952,3
664,5
Thank you for your attention!