Investment offer
JSC «CHIRCHIK TRANSFORMER
PLANT»
Chirchik
2015
1
Contents
Contents …... ………………………………………………………………………2
Chapter 1. Basic data on project……………………………………………………3
Chapter 2. Description of plant …...………………………………………………5
Chapter 3. Organization of production...…………………………………………..8
Chapter 4. Description of producing product ……..………………………...……14
Chapter 5. Market review…………………………………………………………17
Chapter 6. Financial plan ….…………………………………………………….20
Chapter 7. Analysis of basic risks…...…………………………………………...22
Chapter 8. Contact information…………………………………………………..23
2
1. General information about plant
Name of plant
Joint Stock Company «CHIRCHIK
TRANSFORMER PLANT»
Registered address
Electromashinostroiteley Square 1, Chirchik
city, Tashkent region, Republic of Uzbekistan
Form of activity
Electric machine industry
Basic activities
Production and repairing of power transformers,
transformer substations of I-IV size, highvoltage equipment
Legal organization form
Joint Stock Company
Number of state registration in inspection on № 106 УЗГ от 14.07.2014г.
registration of enterprise subjects by city hall
of Chirchik city.
Taxpayer Identification Number
200 941 525
All-Union Nomenclature of Enterprises and 00212908
Organizations Code
All-Union Nomenclature of Sectors of the 14171
National Economy Code
Indications System of State Administration 70064
Bodies Code
Legal organizational form code
1150
Indications System of Administrative- 1727419
Territorial Formations Code
Form of ownership code
144
Headcount of plant
538 piece. unit
Registered capital
52 441 035 400 sum
Stockholders:
Equity position of state
23,72 %
Stock Company «Uzeltexsanoat»
75,95 %
3
Company «Seten Enterprises Ltd»
0,15 %
LLC «TransTradeComplect»
0,11%
Equity position of physical bodies
0,07 %
Plan of second production site of JSC “Chirchik transformer plant”
№
1
2
3
4
5
6
7
8
9
Explication of buildings and constructions
Name of premise
Checkpoint
Obelisk
Canteen
Engineering Laboratory Building
Light vehicle storage building
Hotel
Electric power substation 35/6 kV
Main engineering building
ABK with built in boiler-house
4
10
11
12
13
14
15
16
17
18
19
20
21
23
24
25
26
27
28
29
30
Commercial vehicles storage building
Storage № 3
ABB module
Storage № 18
Track of column crane
Awning of transportation department
Fuel station
Premise fuel station
Underground storage of fuel station
Compressor house
Fuel-oil storage tank
Oil storage tank
Storage of metal ware
Storage of gas
Frame of old boiler-house
Bomb-proof shelter
Water draw-off
Pumping house
Kennel
Kennel
JSC «Chirchik transformer plant» on presence of productive capacity and
condition of planning able to provide necessary production capacity of
transformers 10,35 and 10 kV.
Production space equipped with newest equipment of leading producer
countries.
The plant right along carry out research in the area of creation of technology
for transformers and substations of new generation, using new materials and
modeling.
On base of JSC “Chirchik transformer plant” there are testing centre
“Transformator”, and central and metrology laboratories, bureau of certification,
which are only accredited in Central Asia.
JSC “Chirchik transformer plant” have unique opportunities and
resources, but for realization and revelation his potentials, not enough
complementary financial investments for replenishment of floating assets,
purchasing necessary raw and other materials.
According to resolution of President Republic of Uzbekistan № PP 2340
from 28.04.2015, for transfer to investor pertain equity position at the rate of
48,6% of JSC “Chirchik transformer plant” authorized fund.
2. Description of plant
Formation history of plant
Formation history of JSC «Chirchik transformer plant» begin from 1932 when
was formed electric shops of complex of enterprises “Chirchik-stroy” for
manufacturing and repair electrical equipment of building cascade of Chirchik
hydro-electric power stations and nitrogen composting plant.
5
1942. on base of electric shops of complex of enterprises “Chirchik-stroy” and
evacuated from Leningrad equipment and staff of “Electropult” plant organized
“Electroshit” plant, which become only plant in Central Asia, producing during
Second World War electric boards, power transformers, electric power substations
and other electro-devices.
1942. on 12 april for plant assumed name “Electroshit”.
1962. the plant renamed into Chirchikskiy transformatorniy zavod.
1995. After the independence of Republic of Uzbekistan, the plant reincorporated
as a joint-stock company and with decision of stockholders` meeting renamed into
Public Corporation “Transformator ”.
In 2001. the plant renamed into Open Joint Stock Company “Transformator” with
decision of stockholders` meeting.
In 2004 realized state owned shareholding, and the plant changed into joint venture
with foreign capital in the form of open joint stock company and again renamed in
Chirchikskiy transformatorniy zavod.
In 2013 block of stocks 99.97% of authorized fund transfer into ownership of State
committee of the Republic of Uzbekistan for privatization, demonopolization and
development of competition.
Adoption history of producing product:
1945 . Adopted and produced power step-down transformers with power 50, 100,
180,
320
kVA,
with
voltage
6/0,4
and
10/0,4
kV.
1945-1954. Adoption of production power transformers TM-50 kVA, with voltage
6,0/0,4 V, welding apparatus ST-22, SA-P, SАМ-P. Certificates of quality
management
system.
1952. For the first time in USSR developed and manufactured distributing gears 6
kV (KRU-6kV) for application on electric stations and substations; and in the same
year carried out production of transformer type TMO-50 for concrete heating.
1954. Adopted production of inventory complete transformer substations IKTP,
with
power
180
kVA.
1955. Developed and adopted more powerful types of welding apparatus STN-500.
1958. Developed and adopted city type complete transformer substations GKTP
180/6/0,4.1.
1961. Developed and adopted new complete transformer substations KNTP -1000
complete with power transformer TMZ-1000. At the same time adopted production
of new transformers type TMZ with power 630-1000kVA.
1963. Production of substations with transformers TMZ630-1000 in aluminum version of coil instead copper,
manufactured transformer TMN-2500/100, and transformer
6
with voltage level 35kV type TM-1000-35; 1600/35. 1965. Adoption and
production
of
transformer
ТD-1000/35.
1970. Developed and produced transformers with non-burning filling TNZ1600/10, power transformers TMN-1000-6300/35, TMN-2500/110, ТМN and
ТМТN -6300/110, transformer substations KTP-630-1600/10 with automation
"Elektron".
1973-1976. Adopted and produced transportable unit transformer substations on
automobile
and
railway
motion.
1977. Started production of transformers for electric locomotive type ODCE8500/10.
1982. Adopted production of small size single-phase transformers ТS, ТSТ, with
power
from
6,3
to
25
kVA.
1991. Adopted serial production of following types of
products: Transformers ТD – 10000/35-87; ТD –
16000/35-87; ТМN – 2500/110 with switch RS-12 ТDN10000/110-80, unit substations APKTPB-2x4000, 6300/35
HL.
1993-2000 y. Formed and equipped production of single-phase transformers ТSU
1,0-2,5; ТS-ТSТ, electromagnets МО-100, МP-301, МP-101, unit transportable
Complete
Transformer
Substations
and
other
type
products.
1995-2001. Adopted serial production of following types
of products: Transformers ТDТN-40000/110; ТDТN63000/110
ТRDN-40000/110;
ТRDN-63000/110.
2010. Developed and adopted production of transformer
ТRDCN-63000/220 U1.
2008-2012. realized large-scale modernization of
production technology, purchased more than 50 units of modern technological
equipment.
2012 -2015
In 2015 block of stocks of JSC “Chirchik transformer plant” divided as follows:
Equity position of state – 12 441 035 400 (twelve billion four hundred forty
one million thirty five thousand four hundred) sum 62 205 177 (sixty two million
two hundred five thousand one hundred seventy seven) pieces of common nominal
stocks, which equal to 23,72% from registered fund of Company;
Equity position of stock company “Uzeltexsanoat” - 39 826 787 400
(thirty nine billion eight hundred twenty six million seven hundred eighty seven
thousand four hundred) sum, 199 133 937 (one hundred ninety nine million one
7
hundred thirty three thousand nine hundred thirty seven) pieces of common
nominal stocks, which equal to 75,95% from registered fund;
Equity position of «Seten Enterprises Ltd» - 80 315 400 (eighty million
three hundred fifteen thousand four hundred) sum, 401 577 (four hundred one
thousand five hundred seventy seven) pieces of common nominal stocks, which
equal to 0,15 % from registered fund of Company;
Equity position of LLC «TransTradeComplect» - 56 733 200 (fifty six
million seven hundred thirty three thousand two hundred) sum, 283 666 (two
hundred eighty three thousand six hundred sixty six) pieces of stocks, which equal
to 0,11 % from registered fund of Company, among them:
283 369 (two hundred eighty three thousand three hundred sixty nine) pieces
of common nominal stocks;
297 (two hundred ninety seven) pieces of preferred nominal stocks;
Physical bodies физические лица – 36 164 000 (thirty six million one
hundred sixty four thousand) sum, 180 820 (one hundred eighty thousand eight
hundred twenty) pieces of stocks, which equal to 0,07 % from registered fund of
Company, among them:
165 061 (one hundred sixty five thousand sixty one) pieces of common
nominal stocks;
15 759 (fifteen thousand seven hundred fifty nine) pieces of preferred
nominal stocks.
Management of plant since 23 October of 2014 carry out interim director
A.E. Konishev, appointed by the decision of Supervisory Board of Company.
Number of employee come up to 538 staff units. Among them office and
management personnel 89 persons, specialists – 86, technical staff – 42,
maintenance staff – 60, production staff – 261 persons.
Average level of salary of production staff come up to 427 631 sum,
technical staff – 517 502 sum, specialists – 581 905 sum, maintenance staff – 456
565 sum, management staff – 1 015 851 sum.
Over a period of 2010 -2015. Company reach following indexes
2010
2011
2012
2013
2014
Volume
of 32 660,3 mln.
production
60 746,2 mln.
51 646,6 mln.
7 692,5 mln.
20 078,7 mln.
Volume
sales
62 082,9 mln.
46 484,90 mln.
5 889,2 mln.
7 434,9 mln.
10 053,6 mln.
3 307,60 mln .
-16 749,1 mln. 250,3 mln.
Clean
(loss)
of 33 070,9 mln.
profit 4 993,5 mln.
3. Organization of production
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Process design of transformer production carry out on base of constructive
and process documentation of plant.
Schematically production technology of transformers be as follows:
- procuring, stamping and machining production;
-welding production;
-insulating production;
- production of winding wire;
- coil-winding production (all types of winding)
- production of core plate manufacturing;
- magnet core assembly;
-paint production;
- assembling production (I-assembling, II-assembling, III-assembling)
Technologies, used in production of JSC “Chirchik transformer plant”
spaced out on main shop floors.
1.
Transformer shop:
Cutting of transformer steel carried out on dial lines of longitudinal cutting
“Komeks” (France) (productivity as
much as 195 m/min), line of
crosscutting AH 123 (productivity 2,7
tons/hour of plates 980x1500mm), AH
132 (productivity 14-18 pieces/min on
L=1500mm), AH 217 (productivity 46
m/min) production of Zaporozhye plant
(Ukraine).
Assembling of magnetic core
carried out in transformer shop floor on
special stands model AH 054, AH 055
production of VIT (Ukraine).
Copper or aluminum wire rod
SMV-1-5m and SMV 1-9m stretched on
wiredrawing machines until intended sizes
of sections, with subsequent annealing of
copper wire in electric oven OKB-185N at a
temperature of 750C.
Paper insulation cut-sized on bobbins
(with thickness from 6 to 30mm) with paper
cutting machine type «KAMPE ACF 400»
(Germany).
Conductor insulation carry out on
insulation machines model “Purtye”
9
(France) (productivity as much as 30 m/min), model «VP2/3» (Austria)
(productivity as much as 30 m/min), model BIM-02 (productivity as much as 36
m/min).
Coil winding station consist of 27 units of coil winding machines TT-21, TT-23
of different purpose. Possible types of coil winding: spiral, multilayer, continuous
disk. Maximum quantity of parallel 32.
Vacuum steam drying chamber in quantity 4 units with capacity V=146 m3 ,
V=148 m3 , V=319 m3 and V=80 m3 , is destined for technological drying of
transformers active parts windings, allow carry out technological mode for active
parts of transformers to 125000 kVa.
2. Preparation-welding shop:
Cutting and plasma cutting of plate steel in thickness to 60 mm carry out on
preset sequence on machines for plasma cutting of metal with CHPU “Kristall” – 2
pieces, on machines for thermal and plasma cutting of metal with CHPU “RUR2500” (USA) – 2 pieces and installations of hydro-abrasive cutting WJ2060B-IZ-D
(Czechia).
In the shop also present:
forging and stamping equipment
with technological equipment
set. Maximal effort of presses to
1000 tons. Hydraulic plate cutter
«Schroder Fasti» (Germany) for
cutting of sheet metal with
thickness to 20 mm, sheet
bending press for machining of
sheet metal with thickness to 20
mm production of company
«Schroder Fasti» (Germany), roll
mills with diameter of rolls D=300mm, welding semi-automatic stations for arc
welding in environment СО2 and welding tractors KA-1 UP production of
company «Kjellberg» (Germany), device for stud welding VMK-12W production
of company «Hayns Soyer»
(Germany), shot-blasting and
painting-drying
line
production
of
company
«Getrasur SAS» (France),
universal
shearing
press
«BensHcrop» production of
company «GEKA» (Spain).
10
3. Shop of Unitized Transformer Substations:
Production space and equipment
allow to execute metal fabrication,
assembling, welding, fettling and test of
components,
painting
of
steel
constructions with powdery enamels in
electrostatic field. Shop area equipped
with metal working machines type
«HAAS»: milling-machining center VF-2
– 3 pieces, turning-machining center SL20-2. Metal-processing center on cutting
plate sheet with thickness from 0,5 mm to
3 mm «TruPunch-1000», rolling and
bending
machine
«TruBend-3120»,
multipurpose shearing machine «Bendicrop» production of company «GEKA»
(Spain), hydraulic plate cutter «Schroder Fasti» (Germany), band saw machine –
«PEGAS 240x280 SHI-R» production of company «PEGAS GONDA» (Czechia).
Execution of welding job carried out on devices «COMBI1-162» (Italy) – 2 pieces,
devices «SELMA» (Ukraine) – 3 pieces.
Station equipped with air filtering adjustable ventilation «CORAL» (Italy) –
3 pieces. For delivery high-pressure air on stations of shop mounted compressors
«ATLAS-COPCO» - 2 pieces.
Machining of bar carried out on bar
machining tool with CHPU type
М12125 production of company
«Doganer Makine» (Turkey). In
addition
shop
of
Unitized
Transformer Substations KTP have
own test center for carrying out
routing tests, qualification tests of
substations and electric equipments
from 0,4 кV to 100 кV. Used mobile
11
installation «Petom-21» for relay parameter setting of differential and current
protection, and for controllers using processor techniques.
Shop of high-voltage testing:
Seven proving grounds equipped with stands for carrying out all types of
high-voltage testing of power and measuring transformers on preset sequence
(acceptance test, type test, certification test etc.). There is park of measuring
device, including exemplary: current transformer type TLP-35 with primary
current from 5 to 3000А; exemplary
set of potential transformers ТNОТNМО with primary current from 18
to 220 кV. Power equipment
presented: with loading transformers
allowing get current to 12000А with
frequency 50Hz, with intermediate
transformers with capacity 750кVА,
3200кVА, 5600кVА and with
machine
hall with
synchronous generator of voltage from 0,4 and 6 кV
with total capacity 10000кVА. There is separate hall
of impulse test laboratory with generator GIN-2000 of
company «WEB-TUR» (Germany), allowing to get
impulse voltage to 2000 кV.
4. Insulation and component shop:
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Production of paper cylinder, lath and other insulating details by dipping of
paper with bakelite lacquer on installations «General» (France) with subsequent
winding on technological. On
stations also there are winding
machines of Bakelite cylinder
and winding Bakelite pipe.
Station allow produce cylinders
to 1500 mm in diameter, glass
binding tape, cardboard products
in the form of lath, between-coil
gaskets.
5. Tool shop:
Park of metal cutting
equipment allow to produce mechanical facility, pressing molds, stamps and
holders for winding of cylinders, repair and tooling setup. There is erosion
equipment for burning and production of die holes: coordinate boring, milling,
grinding and cutter grinding machines; universal hearing press «Bendicrop»
production of company «GEKA» (Spain), cutter grinding machines of company
«Talmek» (Italy), bandsawing machine «PEGAS 240x280 SHI-R» (Czechia),
pipe-bending machine InekoMaster 3m production of company INEKO (Spain.)
6. Oil economy:
Consist of underground tank for storage 1000 м3 of transformer oil and oil
pipeline system, oil filtering station, filtering drying installations, vacuum
dispersive installation VDU and mobile oil station SMM-4,3 (oil recovery)
Plant asset of the plant equal to 7384763 Euro. Full capacity of plant - 3000
thousand кВА
Under carrying-out of a programme on modernization of production
purchased and installed newest technological equipment of Austrian company
«Gebauer & Griller» on broaching and insulating of winding wire, newest
semiautomatic line on welding of power transformer tanks, sheet bending press
with CHPU type Trubend 3120 and coordinate punching center for sheet metal
working with CHPU type TruPunch 1000 production of company «TRUMPF»
(Germany), vertical milling work center VF-2ВНЕ and turning work center SL20THE of Belgian company HAAS, hydro-abrasive cutting machine WJ2060B1Z-D production of company «PTV s.r.o.» (Czechia), universal shearing press
«Bendicrop» of company GEKA (Spain), band sawing machine PEGAS 240-280
SHI-R of company «PEGA GONDA» (Czechia), pipe bending machine
«InekoMaster» of company «PМЕСО» (Spain), bar machining center with CHPU
type М12125 production of company «Doganer Makine» (Turkey), two gas and
plasma cutting machines with CHPU «RUR 2500GP» complete with plasma
source «Hypertherm HPR-130» USA, guillotine-shears for cutting and sheet
bending press for machining of plate metal production of company «Schroder
Fasti» (Germany), shot blasting pneumatic camera production of company
13
«Getrasur SAS» (France), paint line of transformer substation shells with powdery
enamel in electrostatic field.
The plant on presence of production capacity and on condition of planning
able to provide necessary production capacity of transformers 10,35 and 10 kV.
For production of transformers 220 кV necessary modernization of operational
capacities, design and manufacture of special technological equipment
Raw base of materials and components, which used in production of
transformers and complete substations 90% consist of imported raw material from
CIS countries and Russia.
From the territory of plant into the atmosphere injected on typical operation
—51,858 t/g, and on real operation —17,286 t/g pollution agents of 30 names:
metal dust, manganese dioxide, carbon monoxide, nitrogen oxides and dioxide,
chromic anhydride, iron oxide, white spirit, xylol, nefras, natrium hydroxide,
aerosol of emulsol, divinyl (butadiene), aluminium oxide, lead, phenol,
formaldehyde, ethyl alcohol (ethanol), paper dust, oil aerosol, aminoplast dust,
styrene, plastic dust, hydrocarbon, gasoline vapor, diesel fuel vapor, abrasive metal
dust, ammonia.
In accordance with list of activity type, on which carried out State
Environmental Expertise (Appendix №2 to decree of Cabinet of Ministers from 31
December 2001. №491), JSC «Chirchik transformer plant» (production of
transformers) fall into second category of ecological hazard.
4. Description of production
JSC «Chirchik transformer plant» have modern production base, well
developed infrastructure and communications: production shops, local railway,
own substation, side lines and other infrastructure, which allow to produce
annually at least 3000 МВА of modern high voltage productions: measuring
transformers, power transformers, unitized transformer substations, to produce
guarantee repair and service of high voltage equipment. Own constructive,
technologic, project departments, high voltage testing center allow ably provide
technological process and certification of producing of dry type and oil
transformers with capacity to 63 mW of voltage class to 110 kV.
On the plant produced following production:
1. Oil and dry type power transformers for cold, temperate and tropical
climate:
- Oil-immersed power transformers with voltage 6 (10) kV with capacity 25 – 4000
kVA;
- Dry type power transformers with voltage 6 (10) kV with capacity 63 – 2500
kVA (with insulation type «NOMEKS»);
14
- Power transformers with voltage 35 кV, 110 кV with capacity to 63000 кВА two
and three-winding;
- Traction transformers for electric locomotive to 1600, 4350, 5000, 5700, 8000,
8500, 10000 kVA.
2. Unitized transformer substation:
- Pole-mounted substation type КТPs with capacity from 25 кVА to 250 кVА,
meant for power service of small pumping stations, housing settlement,farms;
- Substation of external installation КТPN (type of «Kiosk») dead-end and
transmission version with capacity from 63 to 630 кVА, with voltage 6(10)/04 кV
meant for power service of population centre and village, small industrial objects;
- Urban substations of internal and external installation type of GКТP, meant for
power service of housing estate of cities with capacity from 160 to 1000 кVА on
voltage 10/04 кV;
- Railway substations type of КТPg with capacity from 25 to 250 кVА on voltage
35/04 кV;
- Substations of indoor installation type of КТP, with capacity from 250 to 2500
кVА on voltage 10/04 кV for production organizations;
- Stationary and adjustable unit substations type of КТPB and PКТPB, with
capacity from 1000 to 25000 кVА on voltage 35(10)/6 кV and with capacity from
2500 to 40000 кVА on voltage 110(10)/6, 110/35/(10)/6 кV;
-Distributing gear of voltage class 6-10 кV type of КRUV-10,
- Distributing gears consisting of cabinets SHО-70, voltage class 0,4
- Complete distributing gear of indoor installation compact of series VМ-1
- Assembly cameras of unilateral service series КSО-205
15
3. High voltage components:
- Add-in current transformer, type of ТVТ-35 and ТVТ-110;
- Measuring current transformers, type of ТFZМ-35Б and ТFZМ-110B;
- Measuring voltage transformers, type of ZNОМ-35-65 and NКF 110-83;
- Load interrupter switch of alternating current, type of VNRu -10/400, VNRup 10/400, and RVZ -10/400;
- High voltage disconnecting device, type of RLND1- 10B/400, RD31(2)-35/1000,
RD31(2)-110/1000;
Production of JSC «Chirchik transformer plant» securely worked in
electrical power distribution systems in plants of oil, gas, coil, mining,
metallurgical branches of industry, in agricultural industry and on railway
transport.
Safety and quality of plant production, verified with conformity
certification of GosStandart Republic of Uzbekistan.
16
JSC «Chirchik transformer plant» while delivery its production on
request of customer, provide a service on after sales service of product, on delivery
of spare parts and training of service and repair personnel.
5. Market review
Over the last 30 years production of plant be supplied more than in 30 farabroad countries: India, Pakistan, Afghanistan, China, Mongolia, Egypt, Turkey,
Vietnam, Korea, Morocco, Greece, Bulgaria, Poland, Iraq, Iran, Cuba and a
number of other countries.
In 1982 on special order of Moscow City Government was produced
universal two transformer substation КTP-1000/10 кV, completed with dry
transformers of own production. Its installed and successfully functioning at a
height of 300 meters of Ostankino television tower.
For the first time in USSR, in 1983 transformer substations produced by plant
type of KTPN-1600 installed on objects of government buildings of the Kremlin.
Electric power supply of launching plant on implementation of Russian –
American space program SOYUZ-APPOLON provided by transformers
“SISTEMA”, special developed and produced in JSC «Chirchik transformer
plant».
Analysis of competitive environment testify that there is serious competition
on the part of CJSC «Group of companies «Electroshit»- ТМ Samara», which buy
JV JSC «Uzelectroapparat-Electroshit» and supply plant with modern technologies
and components.
With that biggest competitive capacity of plant be achieved in sector of 3-4
size transformers, corresponding traditional specialization of plant. There is stiff
competition in the market of 1-2 size transformers on the side of specialized plants
(for example Minsk electro technical plant, CJSC «Group of companies
«Electroshit» - ТМ Samara», which have higher technological capability and
possibilities on uninterrupted supply of raw material for mass production of given
type transformers.
Russian market of unitized transformer substations described with saturation
and with very high level of competition.This is in first place explained that barriers
of entrance on given market are low enough, in association with, in the past decade
be observed considerable increase of integrated transformer substation KTP
producers number in many regions of CIS.
Plants competitors in the territory of CIS countries on production of power,
oil, dry transformers and unitized transformer substations, of voltage class 6,10,
35,110 кV, (only in the territory of Russia their number more than 30, but in CIS
countries plants with similar nomenclature about 20), have long experience of
commercial work with enough material and technical base and with financial and
economic oppotunity.
17
Plants – competitors producers of power, oil and dry transformers of voltage class
6,10,35,110 кV
CIS
Azerbaijan,
Baku
JSC«Baku transformer plant»
ТМ 25-4000/10
ТМ 1000-6300/35
ТМ 2500-6300/110
ТS 16-4000/10
ТDNS 25000/35
ТDN 10000-63000/110
Kazakhstan
Kentau JSC «Kaztransformer»
ТМ 25-1600/110
ТМ 40-250/20
ТМ 25-4000/35
ТS 100-1600/110
RUSSIA
Tolyatti
JSC«Transformer»
ТМ 63-4000/10
М 25-6300/35
ТDNS 10000-25000/35
ТМ 2500-16000/10
ТRDN 25000-63000/10
ОNDCE 5700/25
Birobidhan
JSC«Birobidhan power
transformers plant»
ТМ 25-2500/10
ТМ 100-1000/20
ТМ 100-10000/35
ТS 1000-6300/35
Samara CJSC «Russian
transformer»
ТМ 25-2500/10
Plants – competitors in Republic of Uzbekistan on production of power
transformers and unitized transformer substations of voltage class 6,10,35,10 кV.
REPUBLIC OF UZBEKISTAN
Tashkent
JV JSC «Uzelectroapparat»
«Samara-Electroshit»
КТP 25-2500/10
SHО 70, ЩО 85
Units К63, К59, К26
КSО 285, 298, 366, 386
КRU 6,10
Tashkent
JV «NVA»
LLC«SITAN»
КТP 25-2500/10
SHО 70
КSО 366, 386, 272, 285, 298
КRUV 10
Tashkent region, Kibray
LLC «Vostokenergiya»
КТP 25-2500/10
КТP 1000-25000/35
КТP 1000-25000/110
КSО 366, 386, 272, 298
КRU 10, КRUV 10
Tashkent region, Kibray
SPA «Аziyaelektroenergiya»
КТP 25-25000/10
КRUV 10
Chirchik
SPE«ELUS»
ТМ 25-2500/10
ТМ 1600-25000/35
ТМ 1600-25000/110
ТS 1000, 1600/10
КТP 25-2500/10
КSО
КRUN 10, КRUV 10
- Strategy of marketing and sales of finished product
For increase in volume of sales necessary to expand production of power
transformers of voltage class 110 - 220 кV., achieve competitive ability of
production on quality in the markets CIS and total absence of claims for quality
on the part of customer. For achievement given goals necessary to select low
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expenses strategy, which provide cost cutting by means of reduction of staff
number, process optimization, technological development of production by
resource-saving. For returning on lost sales markets the plant will be necessary to
apply policy of dumping prices and aggressive marketing.
Main regions sales of production: Russia, Kazakhstan,
Kirghizia,
Afghanistan.
Also necessary to carry out vast questionnaire of potential customers on CIS
countries. Organization of sales of products through electronic trading floor
UzRTCB. Organization of participation in Republican Industrial fairs, exhibition.
Formation of schedule visiting Ministry, design institute, regional electric network.
5. Financial plan
Offers, used in construction of financial model
№
i/n
Unit
of
meas
ure.
Item of index
2015
2016
2017
2018
2019
2020
1.
Number of contract on
production of transformer
product.
unit.
12
13
14
15
15
15
2.
Capacity of net sale on orders
without notice of capital
assets.
mln.
sum.
16 000
17 000
18 000
19 000
20 000
21 000
3.
Number
of
transformer
production customers with
annual capacity of order more
than 1 bln. sum.
unit.
5
5
6
6
7
7
4.
Number of regular staff
perso
n.
538
550
570
590
600
600
4.1
Among them
technical staff
of
perso
n.
128
130
135
140
140
140
5.
Number of stuff for whom
plant is principal place of
business
perso
n.
536
548
568
588
598
598
6.
Capacity of technological
equipment which is necessary
mln.
20 331
20 631
20 631
20 631
20 631
20 631
number
19
for production of transformer
product (on residual cost)
Total area
7.
sum.
ha
48,4255
48,4255
48,4255
48,4255
48,4255
48,4255
Data on key plan numbers of project
Gross financing requirement of project in break down on main categories of
investment outlay on 2015
№
Item
Total
i/
n
1.
Size of financing, mln. sum.
Salary fund with fringe
benefit expenses
Subsidy
means
Own means
Attracted funds
3 300,0
3 300,0
2.
Technological re-equipment
(start-up, fettling) – start-up
of line on production of
corrugated tanks
300,0
300,0
3.
Purchasing of TMC
(including import)
3 000,0
3000,0
4.
Repair and preparation of
compartments, area
500,0
500,0
5.
Expenses on training,
retraining and personnel
development
20,0
20,0
6.
Marketing expenses,
including participation in an
exhibition, opening of
trading house, travel
expenses
5,0
5,0
7.
Consultation service
3,0
3,0
8.
Other overheads (calibration,
repairing,
fettling,
certification of Measuring
device;
Certification;
insurance of transport and
personal of plant), electric
energy, gas; maintenance of
auxiliary departments (tool
shop, CVILIM, SGM, SGE,
TC )
500,0
500,0
20
9.
Total
7 628
3 828
3800
Results of project financial model (forecast of profit and loss on 5 years):
(mln.sum)
Forecast
2015 г.
2016г.
2017г.
2018г.
2019г.
2020г.
Net
profit
270,0
300,0
350,0
400,0
450,0
500,0
Analysis of attraction as an investment:
Economic status of plant generally stable, but there is modifications from
normative standards on separate indexes
Conclusion: Plant high investment attractive.
Plant bear the mark of financial and economical strains, for negotiation of
which it has potentiality.
Conclusion: Plant described with middle level of attraction as an investment
Plant of moderate risk, which able to improve own financial and economic
status by means of changing of ownership, owner. Plant in final stage of
reconstruction productive and administrative premise. Conclusion: Plant is
investment attractive.
6. Analysis of basis risks
Risk of project funding gap. One of most significant in project financing of
plant. Particular risk is presented on plant and funding gap of given, consider
priority orientations result in risk of great drop of production volume, sales volume
and project economics. Frustration of strategy realization and failure to achieve of
plan numbers what with limitation of Society financial recourses for production
development.
Exchange risks. Risk of loss, arising during buying and sale of foreign
exchange on different exchange rate. Present unstable situation in difference of
exchange rate, presented in most countries of the world, as well as in space of CIS,
what with global financial crisis are generally negative. Change of foreign
exchange movement exert at present time more considerable influence on desired
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money flow – as in import, and on export operation. Due to the fact that, currently
in plant absent exchange cash assets and temporarily stopped export-import
operations in plant particular risk minimal. (carry out monthly general authorized
revaluation of accounting balance-sheet exchange articles on available debts
unclosed off shore contracts).
Contract risk. Violation of contractual commitment up to cancellation of a
contract, deviation of actual cost on execution of a contract from planed. At present
time on plant contract risks essentially aligned with fulfillment of treaty obligations
of customers concerning timely paying under contract.
Particular risks also not big as production of made to order transformers not
beginning until the moment of prepayment mentioned cost of work by customer,
and finished good shipment not carry out until 100% of payment, that is final
calculation for actual production (works, services).
Usually, in the point in question necessary carefully access to select partner: Accounting of reliability and reputation while selection partner;-Analysis of
accounting; - Control of suppliers activity. Working on contract option: - Entering
in contract penalties for violation of obligations; - Entering in cost sheet possible
deviations.
Creation of financial and so on reserves.
Marketing risks. It is a risk of receiving less sales than one's due as a result
of non achievement of planed sales. Given type of risk is key project risk. Possible
factors: change in the market, improvement of competition, loss of market power,
lowering or absence of demand on project production, lowering of market capacity,
price cutting on production and others. Given type of risk on plant aligned with
contract risks (mentioned above), there is a demand for product of our own make –
stock of orders on 2015 formed, competition on local market is presented in
temperate scale, loss of positions on foreign market happen to be.
For lowering particular risk necessary in depth examination of market,
identification of key factors, which can effect on project, forecast of their creation
or strengthening, method of neutralizing negative influence given factors. Its risks
of receiving less profits than one's due in consequence of administrative factor
influence.
Administrative risks. Interest of administrative authority in project, his
support essentially lower particular risks. By superior controlling authorities forms
favorable conditions for further development and restructuring of production.
Conclusions and recommendations.
JSC «Chirchik Transformer Plant» have unique possibilities and
recourses. But for realization and revelation its potentials, not enough additional
financial investment for replenishment of floating assets, purchasing of materials
and component parts.
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7. Contact information
Konishev Abdurakhim Ermanovich
Interim director of JSC “ChTZ”
+998936003608
Khodjiniyazov Nurulla Yunusovich
Deputy director on financial and commercial matters of JSC “ChTZ”
+998947049585
Taymanov Sadirjan Rikhsibayevich
Chief engineer of JSC “ChTZ”
+998944031610
Reception of JSC "ChTZ"
+998707130324
+998707130167
Fax: +998707130162
+998707130347
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