Thinking Process&Restructuring Slovenian Companies_Part V.

Scepter, d.o.o. Mladinska ulica 36 2367 Vuzenica Milan Zajc, udis Vuzenica, 14.10. 2015

Part V. Existing Measurements; Thinking process and Restructuring Slovenian companies Shown Current Reality Tree (CRT) with Negative Branch Reservations (NBR) displays undisarable effects that exist because of unresolved conflicts from the time of SRD (Slovenian Development Corporation) and the current privatization process (described in Part I.-IV.) Connecting UDEs

Legend:

NBR Damaging competitiveness of the Slovenian economy-Existing Measurements

The link 4according to the principle "the cause-effect"

5 Undisarable efect

7 Descriptions

9 Negative Branch Reservations

11 M1: DUTB or other Agency who sold or privatising companies can not be measured merely by the usual banking criteria

The questions for Slovenian taxpayers: Are you still wants that kind of restructuring of Slovenian economy after or with DUTB?

13 Restructuring projects consist of companies which must be privatisatised and the companies which must be restructured 14

Competitiveness will be diminished again

15

14

Actual yield -86% and is significantly negative, the difference was (or will be again) covered by taxpayers.

In the future DUTB will no longer be necessary.

16

18 Behavior of officials on DUTY, this high salary and Bonuses, high Consultancy costs, arrogance, dictation company policy, Which consultant (??) they must hire or CEO can be fired

*Bad debts DUTB to indebted companies may also buy other providers.

19

19

Some companies will be sold worse

Some companies will therefore fail

19

19

Actual yield -86% and is significantly negative, the difference was (or will be again) covered by taxpayers.

Some companies will be restructured poorly or not at all

23

22

During last two years period, officials SDH and KAD trained to be able to themselves to buy bad debts like DUTB for the purpose of privatization.

For the privatization or sale of shares of enterprises, customers are searching with a specialized consulting firm.

28

27

Tell me how you will measure me I ll tel you how I ll behave (E. Goldratt)

Then DUTB sold this company for € 3 million and has generated a 20% return on equity, which is an even greater return than the since it required.

33

According to the example of company x, where DUTB purchased receivables banks of that company in total value of € 22 million for the value of € 2.5 million.

29 Speed sales of portfolio require rapid preparation of certain businesses for sale.

34 One of the criteria was required to contribute The generated 8% of the capital.

35 One of the criteria was required from DUTB to sell the 10% portfolio of projects per year

29

Who allowed such a valuation of receivables is an issue for other bodies? 36 In the current functioning DUTB the question arises, how it was set to measure the success of the restructuring projects.

D

D'

Subordinate organization and functioning of existing agencies (DUTB, SDH, KAD)

Do not subordinate organization and functioning of existing agencies (DUTB, SDH, KAD)

Conflict

21

Some companies need more time to successfully restructuring

If in the current phase the politicians and officials again try to continue the process of privatization and restructuring firms for the rehabilitation of the bank debt with the existing method, it is clear that there is a high risk, companies will decay further ahead and that we will have to continue to lose position on the international scale competitiveness. Taxpayers will once again be forced to pay for mistakes of politicians and officials of their duties are not performed as they should. At the same time we will further these same taxpayers, as employed in these firms performed additional pressure (mobbing), undermining their work and jeopardizing their safety. If the taxpayers clearly require that this be avoided, it is necessary to resolve the root of the problem, create the necessary solutions and measures set the rules, values and criteria, how the process of restructuring the economy there, where it takes taxpayers' money, carried on. Using the thinking process makes this possible, but it depends on us.

App: *Bad debts DUTB (state-bad bank ) to insolvent Save would be purchased from SDH and KAD. They "has expressed interest in buying receivables to Save". National SDH and KAD together are about 30percent owner of Sava. Source: Finance; Operacija Sava: tako bi se Narat in državni skladi znebili zoprne DUTB; Autor: Janez Tomažič , Tanja Smrekar 12.10.2015, 199/2015; http://www.finance.si/8836886/Operacija-Sava-tako-bi-se-Narat-in-dr%C5%BEavni-skladi-znebilizoprne-DUTB

Milan Zajc Scepter d.o.o. Tel: 041 757 004 Web: http://sceptertoc-web.sharepoint.com