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Belon OAO
ulitsa 1 Teleut, dom 27/2, pom. 1
Phone: +7 3845228357p:+7 3845228357 BELOVO, 652607  Russian Federation Ticker: BLNGBLNG
On March 4, 2022, CreditRiskMonitor.com, Inc. suppressed the FRISK® score of all publicly listed Russian and Ukrainian-based companies trading domestically due to the closure of their respective stock markets. The halt of trading in a counterparty’s securities is never a positive signal for creditors or suppliers, but especially in situations where the prices of those securities were above book value before the halt. The loss of liquidity optionality from equity markets inherently increases the bankruptcy risks for any business and dealing with businesses who have lost this financing option should be strongly scrutinized. Stock Market data is one of the essential components used in the daily calculation of the FRISK®. The omission of this data can reduce the score's effectiveness in predicting bankruptcy risk for companies trading within these markets. In addition, any analysis based on previously reported financials should be used with caution in this environment. We are continuing to monitor the Russia-Ukraine conflict and plan to reevaluate the appropriateness of the FRISK® when the affected exchanges have reopened and trading in securities resumes.
This is a Subsidiary, click here for the Parent Company
Business Summary
Belon OAO (Belon OJSC) is a Russia-based company, which is engaged in the coal mining and refining, as well as metal trading. Belon OAO specializes in the extraction and process of thermal and coking coal, as well as sale of coal and coal concentrate. In addition, it is involved in the provision of such services as: geology survey, maintenance and repair of mining equipment and freight transportation. The Company is active domestically, mainly on the territory of the Chelyabinsk and Altai regions. It is a part of MMK Group OAO. In March 2013, the Company sold a 100% stake in Kombinat po Proizvvodstvu Shchebnya OOO. In November 2013, it acquired a 100% stake in Novobachatskiy-2 OOO. In June 2014, it sold LLC Belon Metakon.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
-Yes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
6/30/202412/31/2023Yes----

Industries
SIC Code Description
1222 Bituminous coal underground mining
5052 Coal and other minerals and ores
1241 Coal mining services

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Board Sergey V.Korol 53 12/6/2019 6/26/2014
General Director (CEO), Director Vladimir F.Kharchenko 45 6/30/2017 1/1/2015
Chief Accountant Roman B.Sereda 46 1/1/2018 3/31/2010
5 additional Officers and Directors records available in full report.

Business Names
Business Name
Belon OAO
BLNG
Novobachatskiy-2 OOO

General Information
Number of Employees: 7,665 (As of 12/31/2006)
Outstanding Shares: 1,150,000,000 (As of 6/30/2024)
Stock Exchange: MCX
Fax Number: +7 3845228357


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Tuesday, December 3, 2024