LCD "Warsaw Highway 141" (RC "Warsaw Hills", LCD "Warsaw Lights")

Developer: PJSC GROUP OF COMPANIES PIK

Full name: PUBLIC JOINT STOCK COMPANY "GROUP COMPANY PIK"

Address (location) persons: 123242, Moscow, Barrikadnaya street, 19, building 1,

OGRN 1027739137084 TIN 7713011336 Establishment of a legal entity before 07/01/2002

Date of making an entry in the Unified State Register of Legal Entities 04/08/2008

General contractor: Boes Construction LLC 117342 Moscow, st. Butlerova, house 17B, room 11, room 60E.

TIN 7728869293 OGRN 1147746093065

Construction time

The start and completion dates for the construction of the object of interest in accordance with permits.

Building 1. Building permit No. RU 77219000-010739 issued by the Committee for building supervision Moscow on March 18, 2015. Start of construction March 2015, commissioning December 2016.

Building 2. Building permit No. 77219000-001375-2-15 issued on July 24, 2015. Start of construction April 2015, commissioning February 2017.

Building 3. Building permit No. 77219000-010897 issued on April 22, 2015. Start of construction April 2015, commissioning February 2017.

Building 4. Building permit No. 77219000-001o740 issued on March 18, 2015. Start of construction March 2015, commissioning December 2016.

Building 5. Building permit No. 77-219000-0012170-2016 February 2, 2016. Start of construction July 2015, commissioning May 2018.

Building 6. Building permit No. 77-219000-0012073-2015 issued on December 28, 2015. Start of construction April 2016, commissioning February 2018.

Building 7. Building permit No. 77-219000-0012053-2015 December 24, 2015. Start of construction January 2015, commissioning December 2017.

Building 8. Building permit No. 77-219000-0012357-2016 issued on March 16, 2016. Start of construction August 2016, commissioning July 2018.

Deadline delay

The number of extensions of the terms of the received building permit. Construction delays.

There is no delay in the construction of the residential complex "Varshavskoye shosse 141" in accordance with the received building permits. Construction work projects are underway and not yet completed.

Conclusion: It is not possible to determine the risks associated with the delay in the construction of this residential complex, due to the fact that the deadlines for the completion of construction according to the building permits obtained for the construction objects of this residential complex have not yet come up.

Construction delay for other construction projects is on average 1 year. The closer to the completion of construction, the more likely the actual construction time will be indicated. In general, like many other Developers. This information is taken from unconfirmed sources and reviews of our customers about PIK.

For an example, you can get acquainted with some of our solutions for collecting a penalty from PIK Group:

Extension of deadlines

The number of official extensions of the terms of commissioning and commissioning of the facility.

The extension of the commissioning period for the buildings under construction has not been fixed.

Building 1, according to permits, should be put into operation in December 2016. The deadline for commissioning the remaining buildings is from February 2017 to July 2018.

Conclusion: It is not possible to determine the risks associated with a delay in the commissioning of facilities for this LCD, due to the fact that the deadlines for the commissioning of facilities according to the design declarations of this LCD have not yet come.

Risks can only be assessed by analyzing the construction and commissioning of facilities built by PJSC PIK Group of Companies earlier.

Financial stability

The financial results of the developer (show or do not show profit).

Asset (main figures and final result in thousand rubles)	as of 31.12.2015	as of 31.12.2014	as of 31.12.2013
1. Non-current assets
fixed assets
Profitable investments in material values			—
Financial investments
Deferred tax assets
………………………………
Total:
2. current assets
Stocks
including:
finished products and goods for resale
investment contract costs
VAT on acquired tangible assets
Accounts receivable
Financial investments
Cash and other equivalents
______________________
Total:
Balance:
Passive
1. Capital and reserves
Authorized capital
Additional capital (without revaluation)
Reserve capital
Retained earnings (uncovered loss)
________________________
Total:
2. Long-term liabilities
Borrowed funds		—
Other liabilities
________________________
Total:
3. Current liabilities
Borrowed funds
Accounts payable
_______________________
Total:
Balance:

Report on financial results for January-December 2015.	For January-December 2015	For January-December 2014
Revenue	14 801 732	12 563 236
Cost of sales	6 619 306	6 842 846
Gross profit (loss)	8 182 426	5 720 390
Management expenses	3 136 615	2 486 588
………………………………
Profit (loss on sales)	4 146 112	2 440 839
Income from participation in other organizations	10 003 647	11 688 302
Interest receivable	884 142	981 389
Percentage to be paid	3 915 453	2 583 145
Other income	1 617 317	956 097
other expenses	10 990 976	6 191 344
Profit (loss) before tax	1 744 968	7 292 138
Current income tax
including permanent tax liabilities	1 886 933	1 655 320
……………………………………
Change in deferred tax assets	1 538 100	151 884
……………………………………
Net income (loss)	3 281 683	7 483 644

Movement Money	For January-December 2015	For January-December 2014
Cash flows from current operations
Receipts, total:	25 910 054	17 455 756
including from the sale of goods, works and services	5 953 818	8 080 309
……………………………………………
receipt of financing from the investor for the performance of the functions of the Customer / Developer:	10 122 019	9 805 063
receipt of investment contributions:	6 373 325	2 070 682
(including transactions with subsidiaries, affiliates and parent companies)
other supply:	3 440 419	1 624 327
(including transactions with subsidiaries, affiliates and parent companies)
Payments, total: including:	30 224 764	25 321 079
to suppliers (contractors) for raw materials, materials, works, services	13 860 506	8 811 561
in connection with the remuneration of employees	2 399 597	1 624 270
interest on debt obligations	3 206 243	2 560 594
……………………………………………
investment contributions under investment agreements and (or) financing of the Customer's/Developer's expenses 8,526,999 6,424,590	8 526 999	6 424 590
Other payments	1 054 218	4 920 844
……………………………………………
Balance cash flows from current operations	4 314 710	7 865 323
Cash flows from investment operations
Receipts, total:	20 683 280	16 103 336
…………………………………………………
from repayment of granted loans, from sales of debt securities	12 646 512	2 922 088
………………………………………………
dividends, interest on debt financial investments and similar receipts from equity participation in other organizations	7 904 025	13 087 077
interest on debt financial investments	1 274 880	1 340 095
Payments, total:	15 394 054	10 644 120
including:
………………………………………………
in connection with the acquisition of shares (stakes) of participation	5 394 457	—
in connection with the acquisition of debt securities, granting loans to other persons	9 528 324	10 623 633
_________________________
Balance of cash flows from investment operations	5 289 226	5 459 216
Cash flows from financial transactions total income, including:	27 196 064	33 490 684
obtaining credits, loans on operations with subsidiaries, dependent companies	12 140 400	33 385 015
from the issuance of bonds, bills of exchange and other debt securities	1 998 125	—
Total payments:	27 066 159	33 360 355
Balance of cash flows from financial operations	129 905	130 329

Main financial indicators and coefficients	2010	2011	2012	2013	2014
Revenue	38 090	45 991	66 129	62543	61260
Revenue from the sale of apartments	27 123	35 245	54 764	53296	54282
Gross profit	2 892	8 685	14 326	17660	16020
EBITDA	2 063	11 679	10 692	13419	7513
Lead. EBITDA	-429	5 870	10 628	14016	12508
Profit before taxes	-8 096	6 412	401	8694	4407
Net profit	-6 045	4 805	3 127	7448	3792
Assets	119 582	128 774	114 617	117231	96948
Total debt	43 978	47 071	43 211	29100	24487
Cash	4 350	2 874	5 067	11089	14239
net debt	37 216	42 873	38 144	18011	10248
Equity	-4 587	218	3 345	20623	21313
Key operating data	2010	2011	2012	2013	2014
Gross cash receipts according to management accounting, million rubles	39 900	52 063	67 475	74752	61666
Cash receipts from sales according to management accounting, million rubles	27 582	34 974	52 296	62956	50951
Total commissioning of housing according to management accounting, thousand square meters m. per year	739	870	1 294	859	719
The volume of contracts concluded with buyers according to management accounting, thousand square meters m. per year	392	510	658	677	620
Transfer of apartments to buyers under IFRS, thousand sq. m.	434	512	642	603	644
Average selling price of apartments under IFRS, rub/sq.	62 495	68 838	85 302	88385	84289
Unsold area, total (million sq. m.), including:
- Moscow	11	92	1	0,74	1,78
- Moscow region	381	385	4	3,36	1,86
- Other regions	5,59	2,15	1,98	2,82	1,52

Government contracts

Won: For 12 months. - 111.8 million rubles. (1)

Total - 514.2 million rubles. (3)

Amount won government contracts has no significant effect on financial results PJSC "Group of companies" PIK ".

The amount of funds required for the construction of the residential complex "Varshavskoe shosse 141":

Building 1. The planned cost of construction is 3,728,000 thousand rubles.

Building 2. The planned cost of construction is 2,715,300 thousand rubles.

Building 3. The planned cost of construction is 3,728,000 thousand rubles.

Building 4. The planned cost of construction is 2,138,780 thousand rubles.

Building 5. The planned cost of construction is 1,529,219 thousand rubles.

Building 6. The planned cost of construction is 1,506,440 thousand rubles.

Building 7. The planned cost of construction is 1,506,440 thousand rubles.

Building 8. The planned cost of construction is 1,501,230 thousand rubles.

Total: RUB 18,353,409 thousand

PJSC Pik Group of Companies has high standards for reporting on its activities.

According to the reports, the financial condition of Pik Group of Companies PJSC can be defined as stable.

The company's revenue over the past three years has exceeded 60 billion. rub. and did not drop significantly. More than 80% of the proceeds came from the construction and sale of real estate. During this period, the company has consistently demonstrated profit.

So as of December 31, 2015, the amount of profit amounted to 3,281,683 thousand rubles.

There is a stable positive balance of cash flows from current operations, which amounted to 4,314,710 thousand rubles in 2015; a positive balance of cash flows from investment operations, which amounted to 5,289,226 thousand rubles in 2015; a positive balance of cash flows from financial transactions, which amounted to 129,905 thousand rubles in 2015.

The total debt of PJSC "Group of companies" Pik "in recent years continues to decrease and at the end of 2015 was a little more than 23 billion rubles.

The total commissioning of constructed areas has decreased in recent years, but nevertheless remains at the level of more than 600 thousand m² of commissioned areas per year. According to this indicator, the company is in the top three largest companies RF.

At the same time, in 2015, there was a decrease in the amount of profit compared to 2014 (3,281,683 thousand rubles against 7,463,644 thousand rubles a year earlier), a decrease in the balance of cash flows from current operations (4,314,710 thousand rubles. against 7,865,323 a year earlier).

In addition, the fact that at the end of 2015 there was no distribution of dividends to the company's shareholders against 2,747,541 thousand rubles can probably indicate certain difficulties. a year earlier.

In addition, there is a certain overstocking of real estate built and ready for sale. According to the presented report, it is clear that the number of areas ready for sale (reflected in the section Current assets: - stocks, including finished products) received by PJSC "Peak" increased in total terms in relation to previous periods(14,174,955 thousand rubles at the end of 2015, 7,674,850 thousand rubles at the end of 2014, 4,339,359 thousand rubles at the end of 2013.).

The same trend can be seen from the company's reports regarding apartments built and sold in 2015, expressed in m².

It is obvious that the deterioration of the general economic situation in the country, the decline in sales in the new housing construction market could not but affect the operating performance of Pik Group of Companies PJSC.

Nevertheless, the reports show that the company is going through this difficult situation quite confidently.

There should be no problems with financing the construction of the Varshavskoye shosse 141 residential complex.

Founders and management

Founders:

GROWING UP INVESTMENT LIMITED is a shareholder holding 6.9587% of votes in the Developer's management body.

BENOLITA HOLDINGS LIMITED is a shareholder holding 29.899% of votes in the Developer's management body.

LIDIOMO LTD is a shareholder holding 11.5493% of votes in the Developer's management body.

VTB Bank (Public Joint-Stock Company) - a shareholder holding 19.95% of the votes in the management body of the Developer.

Moscow credit bank(Open Joint Stock Company) - a shareholder holding 19.909% of votes in the Developer's management body.

As of December 31, 2015, the main beneficial owners of the Company's shares were the following persons:

S. Gordeev - 29.9%

A.Mamut - 16.0%

M. Shishkhanov - 9.8%

President: Gordeev Sergey Eduardovich - the person exercising the powers of the sole executive body Joint stock company.

Chairman of the Board of the Joint Stock Company from 28.05.2014

TIN 773600375716

Established legal entities:

CJSC "FIRST LEGAL COMPANY"

PIK-profile LLC

LLC "Peak-industry"

Stroyekoresurs LLC and 101 other legal entities.

predecessors

LLC "Status Land"

Conclusion: PJSC "Group of companies" Pik "is composed of a group of first-class shareholders:

1). VTB Bank with a share of 19.95%. VTB Bank ranks second in the country in terms of assets after Sberbank of the Russian Federation.

The presence of such a shareholder ensures a high standard of control over the activities of the company and the high quality of the financial statements provided.

2). Shareholder Mamut A.L., according to Forbs magazine, has personal wealth in the amount of 2.5 billion dollars, and in 2015 took 36th place in the list of 200 richest businessmen in Russia. This is also a positive.

3). The shareholder Shishkhanov M. O. is the President of Binbank and has a personal fortune of 0.65 billion dollars. in 2015, he took 139th place in the list of 200 richest businessmen in Russia according to Forbes magazine.

4). Shareholder Gordeev S. E. is the President of PJSC "Group of Companies" Pik "and having a personal fortune in the amount of 0.55 billion dollars. in 2015, he took 152nd place in the list of 200 richest businessmen in Russia according to Forbes magazine. In the period from 2007 to 2010, he was a senator and represented the Perm Territory in the Federation Council.

These shareholders are included in the list the richest people Russia has access to capital and a serious administrative resource.

The size of the authorized capital.

Authorized capital: 41,281,084,000 rubles. as of 08/06/2013

Activity profile

Is it a single-industry company, that is, engaged only in construction, or is this company part of a diversified holding operating in different industries, and therefore is more stable.

The company is monoprofile. The main field of activity according to open sources is the construction of housing, social infrastructure facilities, commercial real estate, production of building materials. In the structure of revenue, more than 80% of cash receipts come from the construction and sale of real estate, the rest from the production of building materials, the operation of constructed real estate, etc.

In 2008, by decision of the Government of the Russian Federation dated December 25, 2008, the Pik Group of Companies was included in the list of backbone enterprises Russian economy. In 2015, this decision was confirmed.

Insurance

Whether or not the insurance company insures liability for late delivery object.

In order to ensure the obligations of the developer under contracts for participation in shared construction(according to art. 15.2 federal law dated December 30, 2004 “On participation in shared construction apartment buildings and other real estate”, Article 23.1 of the Federal Law of November 29, 2007 “On Mutual Insurance” the developer ensures the conclusion of insurance contracts civil liability developer for failure to fulfill or improper fulfillment of obligations to transfer residential premises under an agreement in favor of each participant in shared construction with the Non-Profit Organization "Consumer Society for Mutual Lending of Developers" (TIN 7722401371 ORGN 1137799018367, location: 111024 Moscow, Aviamotornaya st. 10, building .2, license for the implementation of mutual insurance of aircraft No. 4314 dated August 13, 2015) as contracts are concluded in shared construction.

Information on the conditions of insurance in respect of each specific participant in shared construction is contained in the Developer's civil liability insurance policy issued to him by the developer for non-fulfillment or improper fulfillment of obligations to transfer residential premises under the agreement on participation in shared construction and the Rules for Mutual Insurance of Civil Liability of the Builder by the Non-Commercial Organization "Consumer Society of Mutual developer lending.

The Rules for Mutual Insurance of the Developer's Civil Liability were approved by the Extraordinary general meeting shareholders of the non-profit organization "Consumer Society for Mutual Lending of Developers" (Minutes 1/13 dated November 15, 2013) and posted on the website: https://www.ovsz.ru.

The list of insurance companies that have the right to insure the liability of developers, 01/14/2016 updated on its website Central bank Russia. It follows from it that the list of insurers that meet the requirements of Article 15.2 of the Federal Law of December 30, 2004 No. 214-FZ consists of 19 organizations.

No. Name of the insurer License number for insurance

1. Society with limited liability"Regional insurance

company" SI No. 0072

2. Insurance joint-stock company "VSK" SI No. 0621

3. Joint Stock Company "Insurance Company" PARI "SI No. 0915

4. Insurance Public Joint Stock Company "Ingosstrakh" SI No. 0928

5. Closed Joint Stock Company Insurance Group UralSib SI No. 0983

6. Closed Joint Stock Company Moscow Joint Stock Insurance

company" SI No. 1427

7. Open Joint Stock Company "International Insurance Company

trade unions "MESCO" SI No. 1461

8. Joint Stock Company "GUTA-Insurance" SI No. 1820

9. Open Joint Stock Company Insurance Joint Stock Company

"ENERGOGARANT" SI No. 1834

10. Open Joint Stock Company AlfaStrakhovanie SI No. 2239

11. Limited Liability Company Information and insurance SI No. 2496 company "ISK Euro-Policy".

12. Closed Joint Stock Company " Insurance Company"RSHB-Insurance" SI No. 2947

13. Open Joint Stock Company "National Insurance Company

TATARSTAN" SI No. 3116

14. Limited Liability Company VERNA Insurance Company SI No. 3245

15. Limited Liability Company VTB Insurance Company

Insurance” SI No. 3398

16. Limited Liability Company "BIN Insurance" SI No. 3487

17. Limited Liability Company Insurance Company RESPECT SI No. 3492

18. Limited Liability Company "Construction Insurance Group» SI No. 3857

19. Non-profit organization "Consumer society of mutual insurance of civil liability of developers"

VS No. 4314 The total amount of premiums collected by NO "Consumer Society for Mutual Insurance of Civil Liability of Developers" (POVS) in the first half of 2015 amounted to 377.806 million rubles. Volume accepted by society liability - 60.883 billion rubles.

As of March 1, 2016, the Consumer Society for Mutual Insurance of Civil Liability of Developers participated as a plaintiff in civil action against the Developer Sim-Group LLC for the recovery of an insurance premium under an insurance contract in the amount of RUB 1,364,372.05, which was won.

There are no other legal proceedings where the company acted in administrative, civil, bankruptcy proceedings as a plaintiff, defendant, third party.

As of 2015, the non-profit organization "Consumer Society for Mutual Lending of Developers" is one of the three leaders in the civil liability insurance market for developers.

In addition, a measure to ensure the guarantees of the rights of participants in shared construction when concluding an equity participation agreement with PJSC PIK Group is a pledge of land and a share in an object of construction in progress (after state registration of an equity participation agreement) in the manner prescribed by Articles 13-15 of the Federal Law No. 214- Federal Law of December 30, 2004 “On participation in the shared construction of apartment buildings and other real estate objects and amendments to some legislative acts R.F.”

Conclusion: Thus, we can conclude that the degree of guarantees for payment of compensation to participants in the shared construction of the Varshavskoe Shosse 141 residential complex in the event that the developer of Pik Group of Companies PJSC fails to fulfill its obligations to commission the facilities under construction in this residential complex is quite high.

The number of previously built houses, newly built houses. Average term delays of previously built objects.

Over the past 3 years, the Developer has been involved in the implementation of the following projects for the construction of apartment buildings and other real estate:

1). Participation as a Technical Customer and Investor in the construction of a residential building at the address: Moscow, Perovskaya st., 66 building 1 (Commissioning date - 30.07.2013).

2). Participation as a Technical Customer and Investor in the construction of a residential building at the address: Moscow, Perovskaya st., 66 building 2 (Commissioning date - 06/27/2013).

3). Participation as a Technical Customer and Investor in the construction of a residential building at the address: Moscow, Perovskaya st., 66 building 3 (Commissioning date - 06/27/2013).

4). Participation as a Technical Customer and Investor in the construction of a residential building at the address: Moscow, Perovskaya st., 66 building 4 (Commissioning date - 06/27/2013).

5). Participation as a Technical Customer and Investor in the construction of a residential building at the address: Moscow, Perovskaya st., 66 building 5 (Commissioning date - 21.12.2012).

6). Participation as a Technical Customer and Investor in the construction of a residential building at the address: Moscow, Perovskaya st., 66 building 6 (Commissioning date - 11/30/2012).

7). Participation as a Technical Customer and Investor in the construction of a residential building at the address: Moscow, Perovskaya st., 66 building 7 (Commissioning date - 12/30/2013).

8). Participation as a Technical Customer and Investor in the construction of a residential building at the address: Moscow, Perovskaya st., 66 building 8 (Commissioning date - 28.02.2014).

9). Participation as a Technical Customer and Investor in the construction of a residential building at the address: Moscow, Perovskaya st., 66 building 9 (Commissioning date - 12/30/2013).

10). Participation as a Technical Customer and Investor in the construction of a school at the address: Moscow, Perovskaya st., 66d (Commissioning date - 12/31/2014).

11). Participation as a Technical Customer and Investor in the construction of a preschool educational institution at the address: Moscow, Perovskaya st., 66g (Commissioning date - 06/30/2014).

12). Participation as a Technical Customer and Investor in the construction of a residential building at the address: Moscow, Partizanskaya st., 22 (Commissioning date - 11.07.2013).

13). Participation as a Technical Customer and Investor in the construction of a residential building at the address: Moscow, Mironovskaya St., 46 building 1 (Commissioning date - 11/30/2012).

14). Participation as a Technical Customer and Investor in the construction of a residential building at the address: Moscow, Mironovskaya st., 46 (Commissioning date - 11/30/2012).

15). Participation as a Technical Customer and Investor in the construction of a residential complex at the address: Moscow, Mytnaya st., 7 bld. 1 and 2 (Commissioning date - 30.11.2012).

16). Participation as a Technical Customer in the construction of a residential building at the address: Moscow, Sosenskoye settlement, st. Alexandra Monakhova, 95 building 1 (Commissioning date - 05/29/2014).

17). Participation as a Technical Customer in the construction of a residential building at the address: Moscow, Alexandra Monakhova St., 95 building 4 (Commissioning date - 02.03.2015).

18). Participation as a Technical Customer in the construction of a residential building at the address: Moscow, Sosenskoye settlement, Alexandra Monakhova st.

19). Participation as a Technical Customer in the construction of a residential building at the address: Moscow, Alexandra Monakhova St., 103 (Commissioning date - 30.04.2014).

20). Participation as a Technical Customer in the construction of a residential building at the address: Moscow, Sosenskoye, Alexandra Monakhova St., 105 building 1 (Commissioning date - 10/31/2014).

21). Participation as a Technical Customer in the construction of a residential building at the address: Moscow, Sosenskoye, Alexandra Monakhova St., 95 building 3 (Commissioning date - 10/31/2014).

22). Participation as a Technical Customer in the construction of a residential building at the address: Moscow, Sosenskoye, Alexandra Monakhova St., 95 building 2 (Commissioning date - 10/31/2014).

23). Participation as a Technical Customer and Investor in the construction of a residential building at the address: Moscow, Shcherbinka, Chekhova st. 4 (Commissioning date - 30.11.2012).

PJSC Pik Group of Companies does not act as a Developer in any of these facilities. The company built all these facilities through the creation of housing cooperatives (housing construction cooperatives). In contrast to construction with the conclusion of equity participation agreements, where the procedure for the work of the developer with funds raised by the equity holder is strictly regulated, namely:

The need for state registration of equity participation agreements;

Receipt of funds only after the publication of the project declaration and obtaining a building permit;

The period of construction, commissioning of facilities and transfer of apartments to participants in shared construction, etc., clearly stated in the contracts, construction through the creation of a housing cooperative allows you not to carry out state registration contracts, receive funds from the shareholders of housing cooperatives before obtaining permits. In addition, construction through a housing cooperative does not imply the existence of a project declaration, which determines the terms for the construction of the facility and its commissioning, because the shareholders of the housing cooperative themselves assume the risks, including the construction time.

In the absence of official documents regulating the construction period, one cannot speak of a delay in the delivery of any objects. One can only talk about the violated promised terms, which were verbally indicated at the conclusion of contracts with housing cooperatives.

By communicating in the forums, it can be determined that at least the objects listed below were delivered later than the promised dates.

LCD "English Quarter" delayed for 9 months.

Residential complex "17th passage of Maryina Roshcha" was delayed for 6 months.

LCD "Krasnaya Gorka" Lyubertsy detained.

Please note that specified information taken from an unconfirmed source and may not correspond to reality. For more detailed information, please contact the developer directly.

The construction of the Varshavskoe Shosse 141 Residential Complex is carried out in accordance with Federal Law No. 214 dated December 30, 2004 “On participation in shared construction of apartment buildings and other real estate objects”.

Citizens who have concluded equity participation agreements for the purpose of buying apartments in this residential complex will be more strictly insured in terms of observing their rights. Equity participation agreements will have to undergo state registration, and the deadlines for delivery in the agreements are strictly indicated.

In case of violation of the deadlines, according to the law, equity holders will be able to count on termination of contracts and compensation for late delivery.

Accreditation

Accreditation of the Developer LLC "Expert" in banks:

1). Sberbank

3). Gazprombank

4). OJSC "Bank of Moscow"

5). Bank "Revival"

6). JSC Rosselkhozbank

7). JSCB "AbsolutBank"

8). JSC "UniCredit Bank"

speaks about the reliability of the project. During accreditation, banks carefully check the permits and financial documentation of the developer, determine the degree of risk.

Awards profile achievements, prizes and diplomas.

In 2014, the Group was recognized as the best residential real estate developer in Russia by the British magazine Euromoney. International rating agency Standard & Poor's assigned the company a B/positive corporate credit rating with a positive outlook.

In 2015, World Finance Magazine recognized PIK Group of Companies as the best residential real estate developer in Europe. RA Expert assigned the Group a credit rating of A+ with a stable outlook.

How many years has the company been on the market? Its reorganization and change of names in recent years (which indicates the accumulated problems and the desire to solve them by switching to another, "clean" legal entity).

The company has existed since 1994. There were no reorganizations or name changes. During this period, the composition of the founders has repeatedly changed. The PIK Group of Companies is engaged in the construction and sale of economy-class housing, mainly in the industrial housing construction segment. The company operates in 27 cities of Russia, with a focus on Moscow and the Moscow Region. Since its inception, the group has built more than 14 million m² of real estate (about 220,000 apartments). The land bank of PIK Group as of December 31, 2013 amounted to 7 million m².

The PIK group of companies includes over 50 divisions in various regions of Russia, the staff of which is about 11,000 people. The Group is accredited by 18 major Russian banks.

Violations

Results of planned and unscheduled inspections State Construction Supervision Committee. Violations identified by the committee.

Moscow March 18, 2016 Case No. A41-13764/16 and March 22, 2016 Case No. A41-14758/16: Engage Public Joint Stock Company PIK Group, located at: 123242, Moscow, st. Barrikadnaya, 19, building 1, OGRN 1027739137084, TIN 7713011336, date of registration - 30.08.2002, to administrative responsibility under part 6 of Article 19.5 of the Code Russian Federation about administrative offenses with the imposition of an administrative penalty in the form of an administrative fine in the amount of 50,000 (fifty thousand) rubles

Lawsuits against the construction company on the object of interest or in general. results of these lawsuits. Debt data. Execution proceedings in relation to the company.

Executive productions:

The balance of the amount to be collected is 155.1 thousand rubles.

Arbitration cases

Role 12 months All time

Respondent 6.9 million rubles (4) 5.4 billion rubles (90)

Claimant 327 million rubles (21) 10 billion rubles (83)

Other 4.5 million rubles (4) 24 million rubles (22)

Respondent for 3 years: 503 million rubles (17)

Claimant for 3 years: 2.2 billion rubles (47)

Total: the amount of claims, where PJSC "Pik Group of Companies" acted as a plaintiff and for which the decision entered into force, amounted to 7.4 million rubles.

There are no claims for which Pik Group of Companies PJSC acted as a defendant and for which there is a decision that has entered into force on the payment of amounts in favor of the plaintiffs for the last 12 months.

Bankruptcy cases - 1

Terminate proceedings in case No. А40-202647/15-24-479 B upon the application of PJSC PIK Group of Companies to declare LLC MATIK insolvent (bankrupt)

It can be concluded that the legal service of Pik Group of Companies PJSC participates a lot and willingly in arbitration litigations. Behind Last year there were 29 such processes.

The positive result of the company's participation in the processes for the last 12 months, where it acts as a defendant, is 100%. The amount of funds to be collected from the company is zero

The effectiveness of processes where the company participates as a plaintiff is low.

In relation to the amount of claims, the total amount of penalties for which the decision entered into force amounted to no more than 7.5 million rubles.

Object discussions

Criticism (excerpts from Wikipedia article).

Many wondered who would be the successor to the unfinished facilities, and would this successor follow the same path to bankruptcy?

PIK Group is the undisputed leader

The largest Moscow developer is the PIK group. This is the result of the rating, which was presented by the National Association of Housing Builders. The volume of current residential construction by PIK Group in the capital is 2.47 million square meters. PIK far outperformed its competitors. LSR Group and MR Group took the second and third places with volumes of 795 thousand square meters and 759 thousand square meters.

The PIK group of companies broke out into a new place for construction in the Moscow region. The volume of housing being built here amounted to 2.2 million square meters. And again, a rapid separation from competitors.

GK PIK has something to be ashamed of

However, the fate of the leader may turn out to be unenviable, given the state of affairs in the industry and the recent bankruptcies of the Moscow region developers SU-155 and Urban Group, accompanied by a mass of scandals. Of course, the Moscow housing market is the most attractive and stable in the entire country, but this by no means guarantees the stability of the players, whose appetites far outstrip the purchasing power of the population.

And here is the first wake-up call: for the first time, PIK Group will not take part in the largest industry event - the Real Estate from Leaders exhibition, which is traditionally held in the capital twice a year. There is no developer in the lists of participants of the autumn event.

Of course, the recent major bankruptcies involuntarily make one think about how stable the position of the leader is, and whether there are any features in his activity that resemble the activities of the SU-155 and Urban Group. It turns out there is. There are shell companies, and unscrupulous projects, and deceived equity holders.

Leaders and switchmen

For example, the Ilyinsky Meadows residential complex was built without sewerage. When assessing the volume of residential construction by PIK Group, this complex was probably taken into account and helped ensure the group first place in the rating. However official developer V this case is Grad Olimp LLC, and if the object is never completed, then all claims will be against the intermediary, and not against the parent organization.

Here's how it turns out: the switchmen get the bumps, and the group gets the ratings. By the way, the project drafted in bad faith passed to PIK Group from the bankrupt company Morton, which the group absorbed in 2016. It turns out that a reputable developer accepted a lot of low-quality projects on the balance sheet, but did not radically change anything, did not return the money to the equity holders, and the issue of the Ilyinsky Meadows sewerage is still hanging in the air.

There are other projects with a suspicious odor, for example, Mortongrad Putilkovo, also inherited by PIK, according to which they decided to collect additional money from the residents for infrastructure, but nothing was built for them.

That is, the water in the boiler of PIK Group of Companies is already boiling, there are more and more indignant and protesting equity holders. If companies stop believing in banks, then the decline will be as swift as that of its predecessors.

Analysts blame the inept and arrogant management, they say, it's about people. Once again, they want to tell us that personnel changes can solve structural problems. However, the problem has a much deeper root. Even a few. This is the fall in the incomes of Russians, and the overheating of the market with the help of crazy dubious investments, and the existence of private development as such.

The construction of cities should not be carried out somehow, but in accordance with a single well-thought-out plan: then the sewerage system will not have to be drained into the nearest river, and schools with hospitals drawn on paper will be passed off as real ones.

Of course, the state can rush to the rescue of a reputable business: fill financial holes with a stream of budget money, support the reputation construction magnates with its authority. However, what will be left of the budget in this case, and will state authority not sag in the eyes of citizens?

In case of non-payment, the bank takes the property. And in this case, no one will give loans to PIK in the future, and the company can be closed, ”the project manager told LIFE.RU regional development construction company" capital construction» Alexander Spiridonov. Recall that in their appeal to the FAS, the PIK management complained that metropolitan authorities did not want to conclude a contract at the agreed price - 80 thousand rubles. for 1 sq. m, and insisted on a discount of 12-17%. The antimonopoly service said that the other day PIK sent an official proposal to the Moscow government to sell housing at a lower price than was stated in the lot documentation. However, the company itself assures that there is no talk of signing an agreement with the authorities now. “We are ready to continue negotiations, but we do not rule out putting apartments on open sale,” the press service of the company said.

Bankruptcy gk peak: life after bankruptcy

Analysis of financial results Table 8 - Analysis of financial results of PJSC "PIK Group of Companies" Figure 14 - Dynamics of the gross financial result and financial result from sales of PJSC "PIK Group of Companies" for 2014-2016. Figure 15 - Dynamics of the gross financial result and financial result from sales of PJSC PIK Group for 2014-2016

Section 8 Analysis business activity Company Table 9 - Analysis of business activity of PJSC "PIK Group of Companies" Section 9. Analysis of the profitability of the company's work Table 10 - Analysis of profitability indicators of PJSC "PIK Group of Companies" Table 11 - Profitability analysis equity according to the DuPont model Section 10.

Analysis of the satisfactoriness of the balance sheet structure Table 12 - Assessment of the state of the current solvency of PJSC "PIK Group of Companies" Table 13 - Assessment of the satisfaction of the balance sheet structure of PJSC "PIK Group of Companies" Section 11.

Gk peak reviews

The Telegram channel "Mediatechnologist" in connection with the situation in Putilkovo noted that all projects of the construction company have problems with infrastructure. Residents of the built microdistricts in their chats and groups express their fears: what will happen if PIK declares itself bankrupt and leaves behind a dozen unfinished ghettos without clinics, schools and parking lots? There are problems in other suburban cities.

In Odintsovo, an inspection in July 2017 found a large number of garbage on the territory of the former military camp No. 315 (LCD "Odintsovo-1"). This was also the case in April 2016. High-rise buildings of the PIK Group hang over Odintsovo-1 In Moscow, too, not everything is in order.

So, in the Dmitrovsky district, PIK acquired a plot of 1432 m² on Lobnenskaya street from the military department. Now Veteran Park and the former military hospital are under threat of demolition.

Attention!

Residents write petitions calling for saving 1,432 m² of living trees from destruction, on which woodpeckers and nightingales nest. The unique place where finches and hares live is likely to be destroyed soon.
«

Housing policy. From time to time, scandals with new settlers and equity holders at construction sites grow from the problem of builders and public utilities into a social phenomenon unpleasant for the authorities at the city or even regional level. Able to create a noticeable information background, influence the political agenda or even the election results.

The activities of the PIK Group, which periodically creates hotbeds of discontent almost throughout the country, and especially in the Moscow region, did not go unnoticed in the political expert community.
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Bankruptcy risk GC peak

Info

Beaver Table 22 - Score financial condition PJSC "PIK Group of Companies" using the Beaver model Table 23 - Systematization of the results of assessing the probability of bankruptcy using foreign models Section 12. Analysis of the probability of bankruptcy using domestic models Table 24 - Estimating the probability of bankruptcy of PJSC "PIK Group" using the Russian (Irkutsk) R-models Table 25 – Assessment of the probability of bankruptcy of PJSC PIK Group using the O.P.

Zaitseva Table 26 – Evaluation of the probability of bankruptcy of PJSC “PIK Group of Companies” using the R.S. Saifullin and G.G. Kadykova Table 27 - Grouping of indicators - criteria for assessing the financial condition according to the method of L.V.

Attention

Dontsova and N.A. Nikiforova Table 28 - Evaluation of the financial state of PAO"PIK Group of Companies" using the model of L.V. Dontsova and N.A. Nikiforova Table 29 - Model G.V.

Vertical Analysis balance sheet Table 3 - Vertical analysis of the balance sheet of PJSC "PIK Group of Companies" Figure 3 - Asset structure of PJSC "PIK Group of Companies" for 2014-2016 (%) Figure 4 - The structure of the sources of property of PJSC PIK Group for 2014-2016 (%) Section 4. Analysis of the liquidity of the balance sheet Table 4 - Analysis of the liquidity of the balance sheet of PJSC "PIK Group" Figure 5 - The ratio of the liquid assets and the most urgent liabilities of PJSC PIK Group for 2014-2016.

Figure 6 - The ratio of quickly realizable assets and short-term liabilities of PJSC "PIK Group" for 2014-2016 Figure 7 - The ratio of slow-moving assets and long-term liabilities of PJSC PIK Group for 2014-2016

Figure 8 - The ratio of hard-to-sell assets and permanent liabilities of PJSC "PIK Group" for 2014-2016 Section 5
The other day, PIK's management filed a complaint with the Federal Antimonopoly Service against the Moscow government for refusing to comply with the terms of the tender, but today it became known that the complaint was withdrawn by the group of companies. According to this tender, Yuri Luzhkov's department allocates funds in the amount of $1 billion.
to help the company. The administration of the capital for this amount had to buy more than 300 thousand square meters. m of housing in the suburbs. Now the deal with the government is in jeopardy, and PIK Group is on the verge of bankruptcy.
«

This PIK money is needed now more than ever. Banks are collapsing, loans are not being issued, and this situation is hitting the construction business very hard. Nothing to pay - nothing to buy. Until the end of this year, PIK Group must pay about $860 million.

If the government does not agree to buy the property, the company will close. The bank issues a loan secured by property or shares in the amount that it issued.

Business, 20 Feb, 20:49

PIK Group will build housing on the territory of an auto plant in the north of Moscow ... 3rd Nizhnelikhoborsky passage, vl. 1. In the press service of the group PEAK confirmed the deal, specifying that it is planned to build a residential complex on the territory of the auto plant ... "Vector" belonged to the Cypriot Nimaverio Holdings Ltd, whose beneficiaries are unknown. Group PEAK Sergei Gordeev will launch "Uber" for builders In 2019, a school, a hotel and a multiplex cinema should also appear on ... the site. Group PEAK is the largest housing developer in Russia. According to the Unified Information System... Sergey Gordeev's PIK Group will launch Uber for builders ... foreman" and the ability to engage individual specialists upon request. In future " PEAK.Pro may enter the foreign market, experts say Development group... the platform is already available to craftsmen who perform work at the group's facilities PEAK, on " PEAK.Pro” has over 400 registered workers. But the description of the project is... interesting to other developers,” the commercial director of the Comfort Group (part of the GC FSK) Mikhail Zagvozdin. What are the prospects for the project - in the material ... PIK considered biased and irrelevant article about $1 million Gordeev dispute ... « PEAK» Sergei Gordeev with art historian Nicholas Ilyin for $1 million, is not true. This was stated by RBC in the press service GC « PEAK". "There was no such dispute," the group's press service said. PEAK", specifying that 12 years ago ... biased and irrelevant," the company told RBC. According to the representative GC « PEAK”, from 2005 to 2008 Gordeev helped various projects of the Museum ... PIK Group launched a service for the urgent purchase of apartments on the secondary market ... a residential developer in Russia has become a competitor to traditional realtors Group PEAK launched the service PEAK-Broker", which is engaged in the purchase and sale of finished apartments, drew ... . The press service of the developer confirmed the launch of the service, without disclosing details. " PEAK-Broker”, as indicated on his website, buys for his own money ... 0.1% - from the general director of the company Alexander Yugay. What is the group known for? PEAK PEAK now ranks first in the primary housing market in Russia ... 2% of PIK development group put up for sale ... Minority shareholder plans to sell 2% GC « PEAK"for about $ 80 million (which corresponds to 5.189 billion rubles ... , VTB Capital and Gazprombank. In GC « PEAK and VTB declined to comment. RBC sent inquiries to Gazprombank and JPMorgan. GC « PEAK"- the largest developer of residential real estate ... . In July, VTB Group announced that it was increasing its stake in GC « PEAK» to 23.05%. PIK Group invested in the Samokat online grocery store ... registry legal entities. In May 2019, the company PEAK Innovations” (100% owned by GC « PEAK”) became the owner of 27% in the Cypriot Roboretail, which owns ... one of the posted vacancies. GC « PEAK" and the co-owner of "Scooter" Vyacheslav Bocharov declined to comment. By purchasing a stake in Roboretail, PEAK became the largest owner of the company ... his share in GC « PEAK» to 23.05%. This is not the group's first investment in the food market. Spring 2019 PEAK became the largest... VTB tripled its stake in the PIK group of companies. Bank wants to control development projects it finances, expert says ... VTB increased its stake in the development GC « PEAK" three times. VTB bought out from the controlling shareholder GC « PEAK» Sergey Gordeev 15.48% of the shares of the company ... group PEAK about the deal, the company's shares rose to 378 rubles. apiece, but by the close of the exchange dropped to 373 rubles. GC « PEAK"- the largest ... 280 rubles, on the Moscow Stock Exchange GC « PEAK"then traded at 303.8 rubles. VTB and PEAK are already strategic partners and together... PIK will build housing on former territory mayonnaise factory in Moscow ... the CEO was taken by Margarita Bondarenko, who previously headed the GP-IP company, owned by GC « PEAK". IN GC « PEAK”confirmed the purchase of the land. The group clarified that they bought 13 ... a residential complex. The deal was closed about a month ago, clarified in GC « PEAK". It is planned to build up this territory since 2013: by order of the then ... deal did not take place, since the parties did not agree on the conditions. GC « PEAK» ranks first in terms of housing construction in Russia. By... The owner of PIK will open a gastromarket in the estate of Abramovich ... Maria Lyakhova. The project investor is the president and main owner of the group PEAK Sergei Gordeev, said Lyakhova. Previously, she worked in other businessman projects - investment companies"Rosbuilding" and "Platform", as well as directly in PEAK. Gordeev ranks 55th in the latest ranking of the richest businessmen ... new sites for opening gastromarkets. This place was interested not only PEAK- other food hall operators also looked at the site, as it suits ... Net profit of the PIK group of companies grew almost seven times in 2018 ... the profit of one of the largest developers of residential real estate in Russia, the group of companies " PEAK» ( GC « PEAK”) at the end of 2018 amounted to 21.3 billion rubles, which ... billion to 236.3 billion rubles). Commenting on the reporting data, President GC « PEAK"Sergey Gordeev also noted a three-fold increase in EBITDA and a six-fold increase ... +", Gordeev emphasized. As of December 31, 2018 overall score assets GC « PEAK” amounted to 382.1 billion rubles, which includes a portfolio of real estate, industrial... PIK Group received 42% of all contracts of the Renovation Fund ... "MFS- PEAK» is included in the structure GC « PEAK", the group's press service said. Back in the spring GC « PEAK"said that they had nothing to do with the" MFS- PEAK". When the contracting company re-entered the structure of the group, PEAK"did not specify ... the participation of" MFS- PEAK» «partnership with GC « PEAK» as part of construction residential area on Lublin street. “Through our partnership with PEAK it was intermediate... Vedomosti spoke about biggest deal in the commercial real estate market ... KLS Eurasia Venture Fund acquired a group shareholder from Horus PEAK Sergei Gordeev Moscow shopping and entertainment complex "Riviera". It is reported... Supreme Court refused to ban the demolition and construction of houses in Kuntsevo ... houses, instead of which GC « PEAK» will build a residential complex The Supreme Court of Russia recognized the construction of multi-storey buildings in the Moscow district of Kuntsevo GC « PEAK”, complaint 42 ... brick three- and five-story residential buildings, instead of which the group of companies“ PEAK» will build a residential complex for municipal housing. The first to be built is a 26-story building... for construction equipment. The protesters were dispersed by the police and employees of the private security company, whom she hired GC « PEAK". The mayor's office said that the developer has all the "urban planning documents... PIK Group sold part of the business for 3.2 billion rubles. ... billion rubles, of which 1.7 billion rubles. were paid PEAK money. Another 1.5 billion rubles. will be paid within three years, 10% per annum will be charged on the debt. Group PEAK focused on the development of the most profitable segments of its development business, in ... is the president and chairman of the board of the group, Sergey Gordeev. Net profit PEAK at the end of 2017 amounted to 3.2 billion rubles, this ... The Renovation Fund raffled tenders for the design of houses for 5.2 billion rubles. ... . Next in terms of the volume of tenders won are the structures of the group of companies PEAK. OOO MFS- PEAK» received tenders for total amount 662.2 million rubles ..., 2 million rubles. According to the SPARK database, " PEAK-Project" is directly owned by the group of companies PEAK; MFS- PEAK- registered in Cyprus "Esazione capital ltd" (owned by PEAK until 2018, RBC was told in the press service ...

Business, 23 Mar 2018, 15:46

Sergey Gordeev's PIK Group is interested in buying Zapadny Port ... with many companies, but no documents have been signed. Group Representative PEAK declined to comment. “We are talking about buying more than 50% in ... a deal,” says a top manager of a large real estate company. "Group Managers" PEAK are regularly present at the construction site of the residential complex, - says the top manager of another ... the construction of a hotel on Prechistenskaya embankment (16 thousand square meters). Group PEAK is the largest housing developer in Russia. In 2017, the company...

19 Mar 2018, 14:23

A residential area will be built on the site of one of the oldest enterprises in Tyumen ... details of the project are known. Its implementation will be carried out by the Moscow Group of Companies PEAK". She intends to build 13 apartment buildings (260 thousand square meters) on ... in August 2018, ”the press service told RBC Tyumen GC PEAK. Get information on this project in the Krasny Oktyabr DOK from ... businessman and deputy of the Tyumen Regional Duma Oleg Chemezov. Company group PEAK- a large Russian development company implementing projects in Moscow, the Moscow region...

Politics, 18 Feb 2018, 10:03

Designers of 20 houses under the renovation program identified ... MFS- PEAK directly owned by a group of companies PEAK, now - registered in Cyprus "Esazione Capital Ltd". At the press office GC « PEAK”confirmed to RBC that the MFS- PEAK their structure, but declined to comment on their involvement in the design of the houses. In March last year, RBC reported that GC « PEAK» can become the main developer under the renovation program. From Sloboda to Renovation: How Moscow Has Changed Over Three Centuries IFS- PEAK became... Mitrokhin was detained for protests against PIK developers in Moscow ... with residents of the Kuntsevo district in Moscow, who are "outraged by the raiding of the group PEAK". Mitrokhin told RBC about this. According to him, the prefecture of the Western ... rally, so he held a meeting with residents "outraged by the raiding of the group PEAK that takes away from them adjoining territories on Academician Pavlov Street. “Arrived ... he. On his Twitter page, Mitrokhin wrote that the company PEAK"captured the adjoining territories of eight houses with squares and playgrounds ... FAS opened a case against "developer No. 1" ... The Moscow Department of the Federal Antimonopoly Service (FAS) opened a case against GC « PEAK» on signs of violation of the law on advertising. This is stated in ... the dissemination of positive information regarding GC « PEAK» by incorrect comparison with other construction companies. However, in advertising GC « PEAK» There is no indication of a specific... PIK Group President Sergey Gordeev increased his stake in the company ... regions of presence,” the press service emphasized. controlling stake in GC « PEAK» Gordeev received in July, when the buyout deal was completed... he increased his stake to 50.02%. Group PEAK disclosed the purchase price of "Morton" In December GC « PEAK» for 11.7 billion rubles. acquired from ... real estate in Russia. According to the report for the nine months of 2017, GC « PEAK» increased total cash receipts to 144.9 billion... The owner of the PIK group denied plans to build a building with Trump in Moscow ... Group PEAK did not offer Donald Trump's company to build a building in Moscow under ... received such an offer from Gordeev, wrote WP The main shareholder of the group PEAK Sergei Gordeev denied the Washington Post report that Felix Sater is in ... the origin. Owner should be in charge of real estate development GC"Expert" Andrey Rozov. The project involved the construction of a high-rise building with condominiums, a hotel...

Business, 27 Sep 2017, 16:52

The founder of "Morton" will build housing in the center of Prague for €60 million ... in September 2016, together with minority shareholders, sold to the group president PEAK To Sergey Gordeev, the Morton company - the largest at that time in Russia ... . m). In December of the same year, Gordeev resold Morton to the group PEAK. From the reporting of the latter it follows that "Morton" cost her 11 ... at the average exchange rate of the Central Bank for 2016), while the debt PEAK increased by 52.3 billion rubles over the year. (€707 million... PIK Group bought a development project from the son-in-law of the ex-mayor of Kyiv ... Kyiv Leonid Chernovetsky, planned to build about 2 million square meters. m GC « PEAK» Sergei Gordeeva became the owner of two plots of land in the village of Moskovsky ... "Mangazeya" planned to build about 2 million square meters. m of real estate. Representative GC « PEAK» Tatyana Gulina-Seyranyan confirmed to RBC the information about the deal. “The deal is done...,” she said. - This project is this moment is the largest project GC « PEAK". She declined to comment on the details of the deal. At the request of RBC at the moment ... PIK Group has created a consortium to participate in the renovation program ... joined six more international architectural bureaus and companies Group of Companies PEAK created a consortium to participate in the competition for the development of the development concept ... Golovinsky district, Tsaritsyno, Vernadsky Avenue and Khoroshevo-Mnevniki. In addition to being led GC « PEAK»of the consortium, four more groups will develop the concept of renovation in Kuzminki... they survived the war here»: residents of unusual houses about the renovation program Group PEAK will take part not only in the development of architectural concepts, but also... The authorities refused to work with outdated DSK under the renovation program ... Khusnullin, reports TASS. "Today it is GC « PEAK», GC"Morton" (since the end of 2016 belongs to the group PEAK. - RBC)," he said. "However, on a monolithic ... to participate in the program," said the company's development director " PEAK-Industry" Mikhail Rogozin. - If necessary, we are also ready to proceed with ... one of the possible participants in the program was called the company GVSU Center. Revenue GC « PEAK» in 2016 reached 60.1 billion rubles. against 51... Former shareholders of Morton received their project back from the PIK group ... GC"Osnova", formed by former shareholders GC Morton, agreed with GC « PEAK"On the transfer to her of the residential complex "Parade of the Planets" in Korolev near Moscow. ... October 2016 moved GC « PEAK". At the end of June 2017, the management GC"base" and GC « PEAK» agreed to transfer the project to GC Basis, terms of the deal... quarter of 2018. GC"Osnova" was formed by former shareholders GC Morton in 2016, after selling the latter's shares to the president GC « PEAK» Sergey Gordeev. The largest... Sergey Gordeev will receive a controlling stake in the largest housing developer ... capital", explains PEAK. At the same time, the company's release states that VTB, as a portfolio investor, will buy out 7.6% GC « PEAK”, then ... says, in particular, the recently announced new dividend policy, the analyst believes. " GC « PEAK» has every chance of a successful placement - against the backdrop of an improving macroeconomic ... governance structure GC « PEAK”, which intends to retain, among other things, independent directors on the board of the company, according to a release PEAK. Company group PEAK is the largest... The ex-owner of Morton decided to invest 6 billion rubles. in metropolitan real estate ... when implementing its projects, Osnova will not compete with the group PEAK, whose shareholder Sergey Gordeev acquired Morton from Ruchyev. This is explained... In addition, no non-competition documents were signed during the sale of Morton. GC « PEAK”acquired the investment and construction company Morton for 11.7 billion rubles ... disclosed. And in December of the same year, Horus sold the asset GC « PEAK", in which Gordeev is the president and the largest shareholder with a share ... The former lands of Sergei Polonsky in Myakinino will be built up by the PIK group ... to build a multifunctional complex Mirax Group Sergei Polonsky, will be a group of companies PEAK The development of the territory in the Moscow district of Myakinino, where Sergei Polonsky's Mirax Group had previously planned to build, will be carried out by the group PEAK. This was told to Vedomosti by the main shareholder of the group and its president ... was a debt obligation). With the proceeds, Gordeev acquired a stake in GC « PEAK”, which subsequently increased to 29.9%, becoming the largest shareholder of the company ... PIK Group completes delisting from the London Stock Exchange ... of the company on the Moscow Exchange was significant. Moreover, the vast majority of investors GC « PEAK”, according to the company, held ordinary shares trading precisely on the Moscow... thus, the market capitalization GC « PEAK» is 202.4 billion rubles. The deal to purchase the Morton group in the fall of 2016 made GC « PEAK» the largest housing developer... ... is now preparing to launch it into mass production. The copy is already sold GC « PEAK» In February 2017, at the site of the Stupinsky cellular plant near Moscow ... to a printer from one of the largest Russian developers - a group of companies PEAK. The printer should be delivered by the end of May, the group will test ... from sales offices in Moscow, said the deputy director of the design department GC « PEAK» Alexey Duk. In Apis Cor. say that from the beginning of 2017 ... The share of the ten largest developers in the market continued to decline ... composition of the rating participants. So, at the end of 2016, a merger took place GC « PEAK" And GC"Morton". According to the results previous year these companies ranked third ... the largest developer in Russia was GC « PEAK» Sergey Gordeev with 930 thousand sq. m of rented housing, and GC Morton, on the contrary, left the rating. Also, another major participant of 2015 disappeared from the top ten - GC"SU-155". In 2016, the company commissioned 630 thousand sq... Shares of PIK group fell 6% after reports of searches in the company ... share price GC « PEAK"was 280.75 rubles. On Thursday, May 18, RBC reported that at the central office PEAK were searched. During ... closed, but then resumed work. As stated in the press release PEAK, who came to RBC, the searches were carried out "due to the circumstances ... Investigative Committee for Moscow Yulia Ivanova told TASS that the searches in PEAK took place in connection with the investigation of a criminal case on causing damage ... Searches were carried out in the Moscow office of the PIK group of companies ... according to a press release from a development and construction company received by RBC. " GC « PEAK» confirms the conduct of investigative actions within the company's office: they are carried out in ... . However, in 2006, Horus Capital, owned by the current president GC « PEAK» to Sergey Gordeev, intended to build 6 hectares on the site of a water stadium ... in December 2016, a group of companies bought PEAK. Against the background of information about the searches, the share price GC « PEAK” (the main shareholder Sergey Gordeev) fell to ... PIK Group disclosed the cost of purchasing "Morton" ... in amounts (7.3 billion rubles) GC « PEAK” was considered negative goodwill and attributed to profit. Also in reporting PEAK stated that prior to closing the deal... her estimated debt GC « PEAK» According to the results of 2016, it exceeds its income by no more than two or three times. GC « PEAK» for 2016 ... rub. During the conference call following the publication of the financial statements, the representative GC « PEAK"said that the company intends to increase the share of bond issues in the future ...

Business, 27 Mar 2017, 17:39

PIK began to abandon new projects for the sake of the demolition program of five-story buildings ... . sq. m. The suspension of projects may be due to the fact that GC « PEAK»expects to take part in the renovation program for five-story building blocks in Moscow... in the real estate market. This information was confirmed to RBC by an interlocutor in the GC « PEAK". “Oral agreements with the authorities that we will deal with the demolition ... power, a representative told RBC GC « PEAK". Another factor pointed out by RBC's interlocutors is the group's ability to PEAK attract loan financing for...

Business, 27 Mar 2017, 11:24

PIK Group will buy back most of the securities from the London Stock Exchange ... on the Moscow Exchange. After the announcement of the delisting on March 13 securities GC « PEAK» rose in price on the London Stock Exchange to $ 5.05 compared to ... the company's quotes fell again. By the evening of Friday, March 24 paper GC « PEAK» in London were traded at a price of $4.8 per share. At ... at the then rate. After the purchase of the Morton group in the fall of 2016 GC « PEAK became the largest housing developer in Russia. By the end of 2017...

GK "PIK" in Moscow it's like Putin in Russia. You can talk a lot and badly about her, but she will still always move forward and remain the No. 1 developer in the eyes of potential buyers. If only because he almost always gives up his residential complexes during. Well, because every highway in the area is hung with its advertising.

Today I suggest that you analyze in detail all the information that I collect on the channel https://t.me/novostroyman and in my head - and finally decide: is the PIK Group as good as it is portrayed?

Consider in this article a brief history company, the figure of its main owner - Sergey Gordeev, the pros and cons of the corporation and the iconic new buildings of the PIK Group. Go!

PIK Group: key facts

It was not Sergei Gorodeev who founded PIK Group of Companies, as many people mistakenly believe today. It was founded by Yuri Zhukov and Kirill Pisarev in the now distant 1994.

BY THE WAY!

PIK is an abbreviation, and means it is nothing more than “First Mortgage Company”. True, users on the network seem to have forgotten about this for a long time and are ironic about “PIK” as much as they can. I quote: “Calling this company “PIK”, I believe, is incorrect. It simply has to be called "PUK".

PIK Group is a public company, 17.8% of the shares are in free float, 74.6% belongs to Sergey Gordeev, 7.6% belongs to VTB Bank PJSC. But first things first.

Short story

The first years of the company's existence cannot be called particularly outstanding, it is difficult to recall some amazing facts of this period. Really vigorous activity, in fact, begins here in 2001, when PIK buys DSK-2 in Moscow, and in 2005 PIK acquires another plant - DSK-3 - from a very famous in the "Luzhkov" times company - "Inteko", which was owned by Elena Baturina herself - the wife of the famous mayor of Moscow.

More numbers!

Thus, PIK combined the capacities of two enterprises: DSK-2 could produce up to 450,000 m² per year, and DSK-3 could produce even more: 500,000 m².

Thanks to the received capacities, the company has become one of the largest manufacturers of "panels", which is famous to this day.

PIK Group in 2006

Since 2006, "PIK" begins "expansion" (almost the same as Christopher Columbus organized when he discovered America) to the regions. Boxes of various series, but of the same style, are beginning to appear in Kaliningrad, Kaluga, Obninsk, Yaroslavl, Nizhny Novgorod ...

PIK Group in 2007

2007 becomes a landmark year for the company, it announces an IPO and reaches a capitalization of $12.3 billion. 15% of the shares were sold for $1.85 billion.

PIK Group in 2008

2008 hit PIK just as unexpectedly and hard as it hit all other organizations. The volume of housing under construction has decreased by almost 2 times compared to 2007. But help came from an unexpected source: the government of the Russian Federation made the company a list of backbone enterprises, which, in general, did not have a very positive effect on the economic situation of PIK.

PIK Group in 2009

2009 was marked by the loss of a controlling stake by the founders of the company in favor of Suleiman Kerimov. They gave away 25% of PIK's shares in exchange for restructuring the company's debt.

At the same time, the developer received state guarantees from the government.

PIK Group in 2010

The summer of 2010 brought sad news. First, the real estate of Yuri Zhukov, the founder, was arrested by the decision of the Meshchansky Court, since it acted as a pledge to Nomos Bank, which provided the loan. And then one of the structures of the First Mortgage Company, PIK-Development, was declared bankrupt.

PIK Group in 2010-2012

In 2010, the company received $425 million from Sberbank to replenish working capital, optimized internal processes, commissioned 740,000 m² of housing, increased its sales and, as a result, reduced the loss by 47%.

An interesting fact: despite this, PIK Group did not pay dividends in 2010. Such a difficult decision was made following the results of general vote shareholders.

In subsequent years, 2011-2012, the company was engaged in the restoration of construction volumes and strengthening of economic stability.

Hello, Sergey!

Efficiency, new sites, increased construction and sales volumes - it seems that all this began to grow only with the advent of this particular person to the company. Competitors, by the way, Gordeev eliminates as skillfully as a matador operates in the arena.

In 2016, he buys Alexander Ruchiev's Morton, with almost all existing projects and problems, and becomes a major player in the field of “standard-class” housing, as they like to say these days, and also ranks 90th among the richest businessmen in Russia in the Forbes list. In April 2018, it rises almost 40 lines higher - to 57th place.

And already in 2017, the company takes the first places in various ratings of developers in Russia, thanks not only to construction volumes, but also to the active, and I would even say, aggressive, advertising activities of the company.

Post by PIK Group on Ilya Varlamov's blog

It is worth noting that the Internet promotion of new buildings from PIK is becoming very targeted: Yandex.Direct, Google Adwords, Cyan, Ilya Varlamov's blog.

But not a single (not a single!) major transport artery of Moscow can do without a colonnade of numerous standard PIK billboards. Sometimes it seems to me that this is not even brand building, but something from NLP.

Yes, PIK loves outdoor advertising. Have you ever wondered how much this billbord-happiness costs? Let's reveal a secret: the rent of 1 shield in Moscow and the region varies within 31,000 - 465,000 rubles / month depending on the location.

But back to history. In the summer of 2017, Mr. Gordeev (for some reason, one cannot call him anything else) buys 16% from Alexander Mamut, and 9.8% of the shares of PIK from Mikail Shishkhanov. And already in October he gets his "icing on the cake" - 24.6% of the shares of minotaries. Thus, by 2018, a simple shareholder becomes the holder of a controlling stake, having consolidated 74.6% of the shares in his hands.

Unbelievable but true

But, surprising as it may seem, the company seems to benefit from this. At the end of January 2018, the Moscow Mayor's Office published the TOP housing developers for 2017, where PIK Group (oh my, how amazing!) took 1st place.

Sergey Gordeev prefers to donate his trading assets in the name of residential construction. On March 26, 2018, it became known that he was ready to sell 2 objects: the Riviera shopping center and the Salaris shopping center (by the way, near the Salaryevo Park residential complex under construction by the same PIK Group) to the Kyrgyz company KLS Securities. While the deal has not yet been concluded, but experts have already expressed their forecasts about the possible cost. The deal could bring the president of PIK Group 45 billion rubles.

With all this, Gordeev can hardly be called a media person. In large programs and interviews, it is shown no more than once a year. Even in the movie Home for everyone: How it's made | PIK Group”, his comments did not take more than a few minutes.

Employees

As of April 2018, PIK employs 14,263 people. And hardly any of them can be called media. They, to match the president, flaunt, basically, only on the official website of the group, in the “Management” section.

At the moment, the Board of Directors consists of 9 people, 14 more represent the Management Board. Surprisingly, few of them took part even in their own film about industrial construction. Or rather, only, in fact, Mr. Gordeev and Alexei Almazov, Vice President for Design.

Key employees of PIK Group

Governing body Board of DirectorsOther Key Personnel

• Sergey Gordeev- President and chairman of the board;
• Alexander Prygunkov – 1st Vice President and COO;
• Denis Ivakin- Vvice president and director of the design department;
• Alexander Titov- VVice President for Economics and Finance;
• Gennady Rosso- VVice President and Director of Sales Department;
• Stanislav Kondratiev- Vvice president and director of the product department;
• Natalya Semikova- VVice President for Initial Permits and Land and Property Relations;
• Alexey Almazov- Vvice president of engineering;
• Vyacheslav Borisenkov- VVice President for General Affairs;
• Alexey Kozlov- VVice President and Director of the Directorate for the Moscow Region;
• Ivan Polandov- VVice President and Director of the Directorate for Moscow;
• Elbrus Gobeev- GGeneral Director of PIK-Industry JSC;
• Ilya Tikhomirov– ddirector of the department of information technologies;
• Alexey Zolotarev- VVice President for Development of Land Assets.

• Marina Zinovin- Pchairman of the board of directors;
• Alexander Varennya –
• Sergei Vorobyov – member of the board of directors;
• Zumrud Rustamova – independent member of the board of directors;
• Alexey Blanin – independent member of the Board of Directors;
• Georgy Figin – member of the board of directors;
• Marina Grönberg – member of the board of directors;
• Alexander Dolzhych – member of the board of directors;
• Alexey Karpenko – member of the board of directors.

• Yesatia Badri- chief architect of PIK Group of Companies;
• Natalya Dubrovskaya- chief architect of the design department;
• Pavel Turkov- Head of regional administration.

If you are one of those people who are wondering: who developed this "chic" design of the Peak houses - and dreaming of looking the chief architect of "PIK" in the eye, I hasten to disappoint you: Yesatia Badri, who holds this post, also does not appear in the film . Therefore, we can only admire its architectural solutions.

Office

The central office of PIK Group of Companies is located in Moscow, on the street. Barrikadnaya, 19 building 1, near the metro station Barricade. It works 12 hours: from 9 to 9 (or rather, until 21:00) and is nothing special, in general, not remarkable. Except for the fact that on May 18, 2017, the investigative committee conducted high-profile searches here during the investigation of a criminal case on causing damage to the Dynamo sports society (one of the contractors of the PIK Group of Companies).

Oratory lessons from PIK Group of Companies

Participation in renovation

PIK is one of the developers participating in the Moscow renovation program. Under the needs of the state, areas in such LCD companies as:

• (100,000 sq.m. will go to the program);
• (80,000 sq.m.);

GK "PIK": reviews

Reviews about PIK Group on the net are very different. So that you can study the main claims here, without going to numerous forums, I will analyze everything that I know and hear right here, dividing all the references into positive and negative. Well, if you really want live reviews, you are welcome to.

pros

Undoubtedly, the main advantage of the company is its predictability. You know for sure that no matter what times are outside the window, your house will be built. Yes, it is possible with a failure to meet deadlines, but it certainly will not turn into an unneeded long-term construction. There is good evidence for this:

1. The company has 2 own factories of reinforced concrete products. The former DSK No. 2 and No. 3 turned into the Ochakovsky Concrete Concrete Plant and the Vostryakovsky Concrete Concrete Plant. And their "union" is now known throughout the country as "PIK-Industry".
2. 99% of new buildings from PIK Group are very affordable, which means that they are sold well and quickly, replenishing the treasury of the enterprise.

The second significant plus of the company is the construction of new buildings with finishing. In almost every new house you can find apartments with this option, which means that after receiving the keys you can safely move into the received housing.

Another significant advantage I indirectly already voiced above - availability. Most of the new buildings from PIK are well-known to us panels, however, a little improved. Due to the ease of production of panels and their versatility, one floor of a 9-apartment section is built in 2 days. This is what determines the pleasing prices for new buildings by PIK.

Minuses

Everyone who has ever looked at the new buildings of the PIK Group has seen: their houses do not have ANY individuality. The same type of panel boxes of regular geometric shapes and bright colors - that's what these houses are like. Can you, dear reader, distinguish the Buninskiye Luga residential complex from, for example, the Izmailovsky Forest residential complex?

Okay, okay, I agree, the task is too complicated. Then one more try. Let's compare yards LCD "Salaryevo Park" and LCD Green Park.

Does not work? Dont be upset! Even market experts in this matter are often powerless.

The second serious minus, which is often talked about, concerns the violation of the rights of equity holders of Morton, a company that PIK absorbed in 2016.

Perhaps the most striking example is the story of the residential complex "Peter I" in the Lefortovo district, which was originally sold as a business class complex of 6 buildings. After the transfer of the project into the hands of PIK, the territory of Peter I was divided into 2 buildings, in fact, the Peter itself and the new Lefortovo Park project. “Thanks” to such a move by the developer, instead of the promised 6 buildings, 14 buildings will now appear here.

Those. people who preferred the residential complex "Peter I" over, for example, the residential complex "Symbol" due to the fact that the first one promised to be more intimate, with fewer buildings, as a result, they lost the advantage, because of which they made their choice .

The third minus is the failure of deadlines. Despite the fact that PIK does not have a single long-term construction project, the developer does not always adhere to deadlines. At the same time, it is quite difficult to restore the initial deadlines, because the company deletes all design declarations from the site as soon as the hull is put into service. But we can say for sure: there were delays in the deadlines for the residential complex “Meshchersky Forest”, residential complex “Peter I”, residential complex “Mosfilmovskaya”.

The fourth minus is non-compliance with safety regulations at construction sites. It's no secret that during the construction of the complexes, the company's workers have suffered more than once. In May 2017, a construction crane collapsed in the Lyubertsy residential complex, in September of the same year, in the Novokurkino residential complex. If safety is violated, are other standards followed? Here's a question potential buyers are asking.

Bankruptcy?

The bankruptcy of PIK Group is one of the most favorite topics of all representatives of the real estate market. "PIK" did not pass the complex on time? Bankruptcy is near! The company's profit fell 6 times in 2017? Go bankrupt! PIK postponed the placement of bonds? Bankrupt!! And it doesn’t matter at all that new large-scale facilities are being prepared for launch on the market, investments in which were required in 2017, and the profit from the sale of which will come only in 2018-2019.

In fairness, it is worth noting that the company once was on the verge of bankruptcy. One of the "daughters", "PIK-Development", until 2009 expected to sell apartments for 5 billion rubles, which did not happen due to the crisis that covered the country. Then 25% of the shares were sold to Suleiman Kerimov, who stabilized the situation in the entire group of companies, but PIK-Development had to be sacrificed.

In 2018, PIK is not threatened with bankruptcy, the company is confidently selling the apartments it has built and is preparing new and new projects to enter the market, so only the author of a publication eager to hype can call it bankrupt.

New buildings of PIK Group of Companies

News

Top news of 2019:

• On January 22, 2019, the company announced the results of work in 2018. PIK put into operation 102 new buildings over the indicated period (against 99 in 2017), put 13 new projects on sale (against 11 in 2017), the volume of real estate sales increased by 5.6% to 1,941 thousand sq. sq. m (against 1,839 thousand sq. m. in 2017), and the volume of cash receipts increased by 20.4% to 245.0 billion rubles (against 203.4 billion rubles in 2017)
• Top managers of the company told Interfax that in 2019 PIK is not going to acquire new construction sites.
• "PIK" according to the results of the calculation "Metrium" is the largest developer in terms of sales of housing in the "old" Moscow.
• On March 20, 2019, PIK Group announced that launches development franchise sale in Russia and abroad. Developers who are open and focused on innovations, players in the new project finance market, real estate market consultants and holding companies that do not have internal expertise will be able to use the new PIK service. - commented in the PIK Group.
• On April 1, 2019, it became known that PIK Group and LSR Group may receive special conditions when switching to escrow accounts. The government started talking about the formation of a pool of "backbone enterprises", Vedomosti writes. And the 2 companies mentioned above may be on this “white list”. The requirements for “backbone enterprises” are as follows:
  • The company operates in at least 5 regions;
  • Builds over 1 million sq. m of housing;
  • Is public.

Only PIK and LSR meet such requirements. Apparently, these companies will be allowed to build under the old rules if the house is 10% ready (instead of the standard 30% for other developers). If we are talking about a project for the integrated development of territories, the readiness may be 6% (example -).

• 01.04.2019 Standard and Poor's upgraded PIK's credit rating to B+. The forecast is stable.
• 04/02/2019 PIK Group announced IFRS financial results for 2018:
  • total revenues- 245.8 billion rubles. (+40.4% compared to 2017);
  • Margin - 22.4%. (+6.2%);
  • EBITDA - 42.8 billion rubles. (+214.7%);
  • Net profit - 21.3 billion rubles;
  • Net debt - 2.5 billion rubles (at the end of 2017 - 15.0 billion rubles).
• 07/04/2019 PIK Group entered the TOP-50 Brand Finance Russia 2019. The company of Sergey Gordeev is located on the 41st line of the rating of the most expensive Russian brands. Brand Finance Russia 50 valued PIK at 22.220 billion rubles.
• VTB is increasing its stake in PIK Group to 23.05%. VTB Group buys a 15.48% stake in the developer company from Sergey Gordeev. Sergey Gordeev has 59.15% of the shares, VTB Group– 23.05% of shares.
• 07/08/2019 Fitch Ratings (rating agency) assigned PIK Group a credit rating of BB-. The forecast is stable.
• 07/10/2019 . They are:
  • The volume of real estate sales increased by 15.1% to 101.2 billion rubles (against 88.0 billion rubles in the 1st half of 2018);
  • The total volume of cash inflows amounted to 114.5 billion rubles;
  • The total area of ​​real estate put up for sale is 687,000 sq. m. m. This is 21.1% less than in the 1st half of 2018;
  • The volume of commissioning - 513 thousand square meters. m., (against 286 thousand sq. m. in the 1st half of 2018).
• The developer bought out 2 O'Key sites. Two plots purchased by a previously well-known network went to Sergey Gordeev's company. One of the sites is on Bolshaya Ochakovskaya Street. The location of the second is still not known for certain, but it may be a site in Dubrovsky passage. The area of ​​each of the territories is 4 hectares.

Top news of 2018:

, sharing the site with the former developer Spartak Stadium. Here will appear LCD "Tushinsky Park".

PIK bought from Shater Development.

The financial results for the 1st half of 2018 have been released. The total revenue amounted to 90.3 billion rubles. (+139.7% compared to the 1st half of 2017), revenue from the sale of real estate - 87.1 billion rubles. (+ 146.6%), net profit– 0.3 billion rubles, net debt, however, also increased - up to 15.4 billion rubles (+2.7%).

According to Moskomstroyinvest, PIK owns 16.4% of the residential real estate market in Moscow as of August 2018.

In 2018, social tensions against the company increased. This is due, first of all, to the fact that the PIK Group of Companies has taken up the so-called point building and. For example, the most notorious conflict was the clash between the developer and residents of the Kuntsevo district, where PIK was supposed to start building a 26-storey tower house as part of the reconstruction program for the quarter, but the locals were against it, and the company temporarily stopped construction. 11/22/2018 The Supreme Court of the Russian Federation confirmed the legality of building a house on the street. Ivan Franko, 20.

Sergey Gordeev sold the shopping center "Riviera", with an area of ​​298,000 sq. m, fund from Kyrgyzstan.

PIK Group took 1st place in terms of revenue in Moscow in 2018, according to the rating (organized by Urban Awards). It is estimated that the company earned 111 billion rubles, which is 17.7% of the entire market of the capital.

On June 18, 2019, the Expert RA agency upgraded the credit rating of PIK Group of Companies. Now the developer's rating is at the level of ruA. Previously, PIK, according to Expert RA, was at the level of ruA-. The rating outlook is stable.

Participation in renovation

PIK Group takes an active part in the renovation program of Moscow. Projects for the planning of quarters and houses have been developed. At the end of 2018 - beginning of 2019, it is known that 5 residential complexes of the company will go under the needs of the state program. This is , and . They will have 764,000 sq.m., 80,000 sq.m., 100,000 sq.m. 30,000 sq.m. residential real estate for the needs of the state program, respectively, for the first 4 residential complexes and 236 apartments in.

The PIK Group of Companies is without a doubt the leading player in the real estate market in Moscow and the Moscow region. How long his story will last and whether he will repeat the fate of the sensational SU-155, only time will tell. However, at the moment it is difficult to imagine that anything can prevent the company from building and being prosperous.