Almaty Kus OJSC (Kazakhstan): General information, history and structure
25.07.01 00:00
/KASE, using documents of the Listing Commission of KASE, July 25, 01/ - -
The information is published regarding admission of Almaty Kus securities
into category "A" of the official listing. The securities include bonds of the
second emission and preferred shares of the third emission.
General information
Date of initial government registration - March 13, 1998. The latest date of
registration - Aug.18, 1999. Legal form of the company - open joint-stock
company. Ownership - private. Primary activities of the company -
production and sales of poultry products, consumer goods, wholesale and
retail trade, marketing, intermediary commercial activity, foreign trade.
Produced goods: commodity and pedigree eggs, pedigree chicken, egg
powder and poultry meat. Legal address of the head office - Chapayevo, Ili
district 483132, Almaty region. Kazakhstan. Actual address of the head office
- 95/70 Gogol street, 480091 Almaty, tel./fax +7 (3272) 581107, 581530,
581249, 583482, 583483. Internet site - www.almatykus.kz. As of May 31,
2001 the company had 23 employees.
Almaty Kus OJSC is a leader on Kazakhstan market of eggs production. It
has virtually overtaken the whole eggs market in Almaty and Almaty region.
The company produces more than 30% of eggs in Kazakhstan.
The company does have no operations that could be subjected to any
licensing procedures from the government of Kazakhstan.
The company possesses "Seimar" trade mark registered as intangible asset.
The trade mark passed a proper government registration on Dec.19, 1995
(Government register of trade marks). The company is a member of the
International Egg Commission, which represents the interests of egg
producers throughout the world. The members of the committee are large
companies from egg production countries. In 1998 the company became a
member of Article Numbering Association, which is created in order to unify
international goods numbering system and bar coding system.
No administrative or economic sanctions have been applied on the company
during its operation.
The company does not possess credit rating of international or domestic
rating agencies.
History of creation
During 1996-98, Seimar Consortium CJSC has overtaken controlling stakes
of four poultry farms in Almaty region: Altyn Kus OJSC (Chapaevsk poultry
farm), Fenix OJSC (Kaskelen poultry farm), Abai OJSC (Abai poultry farm)
and Avatskaya ptitsefabrika OJSC (Avat poultry farm). In spring 1998 the
consortium consolidated assets of these four farms under single company,
Almaty Kus OJSC registered on March 13, 1998.
In September 1998 Seimar Consortium CJSC exchanges the shares of Altyn
Kus OJSC, Fenix OJSC, Abai OJSC and Avatskaya prtitsefabrika OJSC
owned by private persons - the employees of the farms into the shares of
Almaty Kus OJSC. As a result of the exchange of 2,116 shares, private
shareholders became direct owners of the shares of Almaty Kus OJSC. In
2000, the company acquired control stake (51%) in Food Brothers
(distribution company) and 100% of Kombikormovii zavod OJSC.
Structure of the company
Almaty Kus includes four poultry farms in Almaty region (location and
distance is given in parentheses: Chapaevsk poultry farm (Chapaeyvo, 32
km), Kaskelen poultry farm (Koldy, 18 km), Abai poultry farm (Abay, 7 km)
and Avat poultry farm (31 km):
The affiliated companies:
- Kombikormovii zavod OJSC (Kapchagai, Almaty region, 50 km) -
provender mill leased by Agrokombinat LLP, which is production and sale
of feed mills;
- Food Brothers LLP (Almaty) - major eggs distributor produced by Almaty
Kus, trade of other foodstuff goods (flour, cereals, poultry meet).
Other affiliated to Almaty Kus companies are entities renting poultry farms
and associated companies: Seimar OJSC (Almaty) and Agroservice LLP
(Kapchagai, Almaty region).