“Roadmap” Program to ensure sustainable financial and economic activity of “G’alla-Alteg” JSC

(Type of activity: production of flour, mixed fodder and seed wheat)

 

 

Measures being implemented

Terms of implementation

Responsible persons

Results achieved

 

I. Reduction of production cost

1.1

Results at the end of 2022:

Realization of the production cost of 1 ton of flour products by reducing material costs:

Capacity utilization rate - 72%

Profit before tax - 9338 million UZ Soums:

Profitability level - 4.0%

June - December, 2022

Financial Director K.Kuvvatov

Chief Accountant A.Eshmamatov

Expected results in 2022 due to the implementation of the measures under “Roadmap” program:

Sales of 1 ton of flour products for amount of 931 million UZ Soums due to the reduction of material costs: the level of use of production capacity will be increased by 80-85%.

Profit before tax - 13206 million UZ Soums.

Profitability level - 6.0%.

1.2.

Prevention of excessive power surges on production equipment at the plant

June-July

Operations Director V.Smirnov

Financial Director K.Kuvvatov

Installation of 6/6 2500 kW high-voltage transformer will save electricity by 10% per month (35.0 million UZ Soums)

1.3.

Revision and optimization of partial workplaces in the mill of the main enterprise, warehousing and elevator departments of finished products and other auxiliary production departments, Shirkat Farming “Uzbekiston”, Shirkat Farming “Yangiyul”

June-July

Financial Director K.Kuvvatov

Chief Accountant A.Eshamatov

Head of HR Department D.Iskhakova

Head of Legal Service G.Gaziev

Due to the reduction of jobs, wages, deductions from wages will decrease by 279.4 million UZ Soums

 

II. Visible effect in the grain harvest season, as a result of redevelopment of dislocation

2.1.

- Wise utilisation in the transportation of grain primarily of 5 “Shacman” trucks available in the company.

- Reduction of the amount of work performed by other third parties, due to the more efficient use of 2 forklifts.

- Strengthening of control over the requirements for the technical condition of vehicles at the company’s disposal, avoiding of unnecessary costs for the purchase and repair of parts.

In the grain season of 2022

Financial Director K.Kuvvatov

Chief Accountant A.Eshamatov

Head of Transportation Service A.Inagamov

Transportation costs will decrease by 170.6 million UZ Soums

2.2.

By revision and extension of the lease agreement with the lessor company

June-September, 2022

Financial Director K.Kuvvatov

Chief Accountant A.Eshmamatov

Sixty million UZ Soums will be saved by reducing the term of payment of rent to the Shirkat Farming located in Yangiyul district

III. Sale of non-sectoral assets

3.1.

Sale of bakery shops of Shirkat Farming “Parkent” and established by the company, which are on the balance sheet of the parent company

June-December

Financial Director K.Kuvvatov

Chief Accountant A.Eshmamatov

The company will save on property and land taxes accrued on these facilities

3.2.

Tendering of surplus passenger cars belonging to the company that are not to be used

within the year

Financial Director K.Kuvvatov

Head of Transportation Service A.Inagamov

Head of Legal Service G.Gaziev

Reduction of the cost of spare parts and fuel and lubricants

IV. Repayment of accounts receivable and payable

4.1.

Taking steps to immediate legal collection of soybean seeds distributed to grain farms for the 2021 crop

within the year

Financial Director K.Kuvvatov

Chief Accountant A.Eshamatov

Head of Legal Service G.Gaziev

Financial and economic activities will be improved, the payment system will be improved and 504 million UZ Soums will be recovered.

4.2.

Repayment of existing accounts receivable at enterprises (through court enforcement authorities)

within the year

Financial Director K.Kuvvatov

Head of Legal Service G.Gaziev

Financial and economic activities will be improved, the payment system will be improved and 696 million UZ Soums will be recovered

4.3.

Monitoring of cash flows from sold products (Focusing primarily on repayment of debts to the Fund from receipts and bank loans)

within the year

Financial Director K.Kuvvatov

Chief Accountant A.Eshamamatov,

Head of Legal Service G.Gaziev

Bank loan interest payments will be prevented

V. Marketing strategy development

5.1

Marketing on the market of raw materials (additional raw materials for mixed fodder production)

within the year

Financial Director K.Kuvvatov

Head of Marketing Department B.Tashmetov

The competitiveness of products will increase

The transformation process of JSC "G'alla-Alteg"

Click on the button below to listen to the text Powered by GSpeech