Due to Toora's high bankruptcy risk much of its approximate zł.170 million debt could be written off by the banks as a bad debt. Toora's own capital stands at zł.90 million on paper, but according to company's auditor, its balance sheet lists machines and production lines worth zł.60 million that were never even brought to Poland from Italy. Italian owners of the firm are looking for a strategic investor willing to inject some capital into the company, but they also consider disposing of some property.
Toora on the verge of bankruptcy as it posts high loss
2007-10-09 00:00
publikacja
2007-10-09 00:00
2007-10-09 00:00
Due to Toora's high bankruptcy risk much of its approximate zł.170 million debt could be written off by the banks as a bad debt. Toora's own capital stands at zł.90 million on paper, but according to company's auditor, its balance sheet lists machines and production lines worth zł.60 million that were never even brought to Poland from Italy. Italian owners of the firm are looking for a strategic investor willing to inject some capital into the company, but they also consider disposing of some property.

























































