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Public Call for the first sales of the vineyard by collecting closed written offers with fixed starting price

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Based on the Decision of the Basic Court in Shtip, Bankruptcy No.25/12 dated on 05.06.2012 by which a bankruptcy procedure was opened over the debtor AK Djumayliya joint – stock company in bankruptcy, Lozovo, the Decision of the Temporary Board of trustees for the first sales of the vineyards of the bankruptcy debtor by a public call for written bids from 08.11.2012 and the Decision of the Court, Bankruptcy No. 25/12 dated on 15.11.2012 by which the stated decision of the Temporary Board of trustees was approved, the Bankruptcy trustee announces the following:

For the first sales of the vineyard by collecting closed written offers with fixed starting price,

  • Subject of the sale and the estimated value of the vineyards:

The vineyards, as lasting investment, have been raised on agricultural land, used by AK Djumayliya joint – stock company Lozovo based on an agreement for a long-term lease, and the same enters into the bankruptcy estate of the bankruptcy debtor.

The subject of the sale is only the vineyards in package with a supportive construction, irrigation systems and other infrastructure, but without the land which is in ownership of the Republic of Macedonia and without the buildings erected on that land. The total area of the vineyards is 431.9050 acres within the following cadastral municipalities:

A) Vineyards in Cadastral municipality Lozovo, with total area of 60.9801 acres

B) Vineyards in Cadastral municipality Dorfulija, with total area of 102.1289 acres

C) Vineyards in Cadastral municipality Milino, with total area of 188.1738 acres

D) Vineyards in Cadastral municipality Adjimatovo and Crnilishte, with the total area of 80.6222 acres.

The vineyards are being sold as a whole with a starting price in the amount of the estimated value of 75.922.995,00 MKD. This estimated value of the vineyard does not include the calculated taxes, which means that VAT (value of added taxes) and the other public charges are going to be added to the offered amount.

Also, the estimated value of the vineyards is not the minimum acceptable value, nor it is in any way binding or determining for the bidder at determining the amount of the offer.

  • Place and the time to raise the sales documentation, reviewing of the subjects, the way of delivering the bids, deadline for submission of the bids and place and time of opening of the bids.

The sales documentation can be obtained at the headquarters of AK Djumayliya, joint-stock company Lozovo, in bankruptcy, after prior notification at the bankruptcy trustee.

The reviewing of the vineyards can be performed after prior notification at the bankruptcy trustee.

The deadline for the submission of the bids is until 17.12.2012 (Monday) up to 12 p.m.

The opening of the bids will be performed on 17.12.2012 (Monday,) at 12:15 p.m. in the presence of the participants in this public announcement who submitted written bids.

The participants in this public announcement who submitted their written bids and who will be present on the day of the opening of the bids, are required to submit proof of their identity – ID (identity document or passport) for individuals, whereas the legal entities are required to submit a proof for registration from appropriate register, or power of attorney notarized.

  • Way and terms of sale, form and content of the offer:

It should be performed by public call and collecting written bids.

Interested participants should submit the offer together with the proof of payment of deposit, personally in the archive of the debtor or by mail in written, sealed in a closed envelope, without any indication of the identity of the bidder, labeled as "Offer! Don't open!" and that the offer refers to the sale of the vineyards in whole of the AK Djumayliya, joint – stock company in bankruptcy, Lozovo, with address: str. Marshal Tito, bb, for the public call for bids.

The offer should be in written form and each page should be signed and certified by the authorized person of the bidder.

The offer should contain the amount of the price for the vineyards increased by the calculated value of added taxes (VAT) and the total value as well.

The right to participate in the public call for submission of the bid, is given to domestic physical and legal entities and to foreign legal entities.

The foreign legal entities can be participants only if they have already registered subsidiaries in the Republic of Macedonia.

The right to participate in the public call for submission of the bid, cannot be given to the legal entities against which a bankruptcy procedure has been opened or to unprofitable organizations.

The status of the participant of the public call can be obtained by the person with a payment of 20 % deposit of the estimated value of the vineyards, in amount of 15.184.599.00 MKD on the debtor's transaction account 200002463050861 at Stopanska Banka, AD Skopje, designated as Deposit for participating in the public call for submission of the bids related to the public announcement for the sale of the vineyards, no later than 5 (five) days before the deadline of the submission of the bids or until 12.12.2012 (Wednesday).

The payment of the deposit from the best bidder will be included in the achieved price.

The payment of the deposit paid by other bidders that are not considered the best will be returned within 8 days.
The bid without a definite amount of money will not be taken into consideration.

If within the deadline specified by the call, there are no bids that satisfied the terms previously defined, the same are not going to be reviewed and the whole procedure for selling the vineyards shall be considered as failed.

The bankruptcy trustee, after opening all submitted bids, shall publicly announce who has offered the best bid in accordance with the previously defined terms.

The only criterion for selection of the best bid is the amount of the price offered.

The best bidder is obliged to pay the achieved price together with the VAT and other public taxes, within 15 days from the effective date of the decision of the court, by which the sale of the vineyards is confirmed, or otherwise the same loses the right to refund the deposit.

The selling of the vineyards shall be made on the principle of- see and buy, and the seller do not guarantee that the vineyards have any certain characteristics in terms of quantity, quality or to match the purpose that was predicted by the participant whose bid was accepted.

The buyer, in accordance with the Article 126, act 2 of the Law of bankruptcy, is obliged within 3 months of the date of the effectiveness of the decision of the court, to make a contract with the authority of the state administration responsible for the matters in the field of agriculture, forestry and water management, for arranging the further ways of using the agricultural land.

For more detailed information interested persons may contact the Bankruptcy Trustee.Contact phone number ++389 75 20 33 64

Vineyards Sale

29.11.2012

AK Djumayliya joint-stock company in bankruptcy,

Lozovo Bankruptcy Manager

 

______________________

Vladica Ivanovska

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