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Zhiti AD (Bulgaria)

Main Activities: Steel Wire Drawing
Full name: Zhiti AD Profile Updated: September 08, 2023
Buy our report for this company USD 29.95 Most recent financial data: 2021 Available in: English Download a sample report

Bulgaria's leading steel wire and nails producer Zhiti, which was established in 1924, is headquartered in the Danube port of Russe.
It produces and sells metalware including bolts, nuts, nails, wire rope and netting, fastenings, welding rods, hot-rolled sections, roll-formed shapes and other products.
A 67% stake in the company was offered for sale under Bulgaria's mass voucher privatisation programme in 1996-97.
The stake was acquired by several local privatisation funds, which later transformed into holding companies.
In May 1998, Bulgaria's Privatisation Agency sold a 19% stake in Zhiti to the company's employees and management for USD 346,000.
The buyer paid 10% of the price immediately in cash and covered the rest – half of which in Bulgarian government long-term bonds – over the next five years.
A total of 6.6% Zhiti's capital was offered to its employees in non-voting shares, the remaining 7.4% were offered to pre-communist land owners as compensation.
At the end of 2003, the management-employee buyout sold its stake in Zhiti to Multi Financial and Consulting Ltd. – a subsidiary of Swedish-Bulgarian firm Dorada.
As of end-2005, Dorada indirectly controlled 71% of the wire producer while the rest of the equity was held by the plant's executive director.

Headquarters
bul. Treti Mart 30
Ruse; Ruse; Postal Code: 7000

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Website: http://www.zhiti.com

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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Incorporation Date:
April 18, 1989
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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31.22%
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31.22%
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Subsidiaries
Zhiti Trade EOOD
100%
Company Performance
Financial values in the chart are available after Zhiti 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
44.29%
Total operating revenue
33.11%
Operating profit (EBIT)
-32.64%
EBITDA
-18.94%
Net Profit (Loss) for the Period
-30.81%
Total assets
12.8%
Total equity
5.73%
Operating Profit Margin (ROS)
-1.62%
Net Profit Margin
-0.57%
Return on Equity (ROE)
-2.87%
Debt to Equity Ratio
8.44%
Quick Ratio
0.91%
Cash Ratio
0.05%

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