Five companies call for Daforaaa‚¬a„¢s insolvency

Newsroom 29/03/2010 | 10:58

Five firms – Geosond, Gaboni Construct, Media City Construction, Unify CO Ltd and Hexadome Construct – have called for the initiation of insolvency proceedings against drilling and construction company Dafora Medias over debts of EUR 143,000.

Dafora Medias officials have pronounced the demands “illegal” and say they are confident the application will be thrown out by judges. “The company isn’t in a state of insolvency. This is an issue with several companies during this crisis period; the call for insolvency is being used by our creditors as a harassment method and a way to collect debts,” said Dafora Medias representatives.

According to company data, the total value of current litigation reaches 0.3 percent of last year’s turnover, which reached approximately EUR 39 million. The company’s 2009 results are down on the previous year, with turnover slumping by 40 percent from EUR 73.1 million, while net profit reached EUR 331,000, a fall of 48 percent compared with the previous year.

Businessman Gheorghe Calburean controls a 48.58 percent stake in Dafora Medias, while 51.41 percent is held by other shareholders.

Dana Ciuraru

 

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