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Chimimport AD (Bulgaria)

Main Activities: Management of Companies and Enterprises
Full name: Chimimport AD Profile Updated: April 01, 2022
Buy our report for this company USD 29.95 Most recent financial data: 2021 Available in: English Download a sample report

Chimimport was established in April 1947 as a state owned foreign trade company. In 1994, it became the first state-owned company in the country to be privatised by a management-employee buyout.
Chimimport Invest purchased a 58.7% stake in the communist foreign trade giant for USD 7.05 million. The buyout company later raised its stake to 63% by purchasing preferential shares from employees. In September 2000, British Virgin Islands-registered Fertitron Inc., controlled by Varna-based industrial group TIM, purchased 68% of Chimimport from Chimimport Invest in exchange for covering a EUR 1.25 million bank debt and other company liabilities. As of end-2005, Chimimport owned stakes in 37 enterprises from the financial, transport, trade and manufacturing sectors. In June 2006, Bulgarian government approved the sale of its 70% stake in Bulgarian River Shipping company (BRS) to Chimimport for EUR 11.2 million. In September, the industrial conglomerate floated shares worth around EUR 22.6 million in an initial public offering (IPO) on the Bulgarian Stock Exchange. Chimimport acquired 85% of the DZI's air carrier company - Air Ban, through its subsidiary Bulgarian Aviation Group. The deal was settled in December 2008 at unknown price. Over 2009-2011 the industrial group acquired stakes in local Zarneni Hrani Bulgaria, Oil and Gas Exploration and Production, Galata Investment Company, Russian Tatinvestbank and others.
Тhe Chimiport group comprises companies active in the following industries: finance and insurance, pension insurance, production of oil and gas, production and trading with petroleum products, buying up, processing and trading with grain and oilseed oils, trading with chemicals and fertilizers, aviation transport and ground activities related to aircraft maintenance and repairs, river transport, maritime transport.

Headquarters
2 Stefan Karadzha Str.
Sofia; Sofia - city; Postal Code: 1080

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Website: http://www.chimimport.bg

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Ratings:
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Incorporation Date:
January 24, 1990
Key Executives
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Executive Director and Member of the Management Board
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Executive Director and Member of the Management Board
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Member of the Management Board
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Member of the Management Board
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Member of the Management Board
Ownership Details
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72.39%
Subsidiaries
Airport Services - Bulgaria EAD
100%
Balgarska Korabna Kompaniya EAD
100%
Bulchimex GmbH (Germany)
100%
Company Performance
Financial values in the chart are available after Chimimport AD report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency BGN. Absolute financial data is included in the purchased report.
Net sales revenue
18.34%
Total operating revenue
18.34%
Operating profit (EBIT)
12.65%
EBITDA
36.1%
Net Profit (Loss) for the Period
25.7%
Total assets
9.19%
Total equity
3.05%
Operating Profit Margin (ROS)
20.04%
Net Profit Margin
0.84%
Return on Equity (ROE)
0.49%
Debt to Equity Ratio
-0.2%
Quick Ratio
0.05%
Cash Ratio
0.01%

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