CentreInvest▓s multi-disciplinary teams combine specialists in strategy, restructuring, finance, marketing, and operations management, drawing upon relevant Russian and international experience.═

Case Study:═ Restructuring Yuganskneftegas

CentreInvest has worked for Yuganskneftegas since its incorporation as a Joint Stock Company in 1992.═ During this period, we have worked with senior management to help transform Yuganskneftegas▓ outdated structure, systems and management processes into an efficient, coherent organization.═

As one of the first major enterprises to be privatized, Yuganskneftegas was a pioneer in converting itself from being a centrally directed Production Association into an autonomous JSC.═ The first major challenge was to strengthen functions and processes either missing under central planning (shareholder relations, corporate governance) or needing substantial upgrading (finance, marketing, economics).═ CentreInvest provided multi-disciplinary support to Yuganskneftegas to fulfill this challenge, including drafting corporate charters, establishing share registration systems and developing new management processes.═ CentreInvest has installed a comprehensive Management and Financial Information System, providing management with improved control over expenditure and the ability to systematically analyze unit performance and asset profitability.═

Facing a severe tax system, Yuganskneftegas needed to rationalize its structure to reduce costs and taxes and to improve operational performance.═ Through a phase by phase restructuring program over the past five years, CentreInvest has helped Yuganskneftegas slash its costs and tax liabilities while significantly streamlining its organizational and decision making structure.═ Work is continuing on divesting Yuganskneftegas of its non-core assets, integrating it into YUKOS and improving key operational processes.═

Case Study:═ Biryusa Refrigerator Plant

In 1994, the Biryusa Refrigerator Plant, one of Russia's best known ▒white goods▓ manufacturers was selected for restructuring as part of a European Union Tacis funded program.═ Based in Krasnoyarsk, Biryusa faced major challenges in responding to rising transport tariffs to its principal markets and increasing competition from imports.═ Converting its technology to use environmentally acceptable, non-CFC based refrigerants was another task.═

As part of an international consortium, CentreInvest conducted a multi-disciplinary review of Biryusa▓s operations.═ Our analysis indicated that substantial financial improvement could be achieved through tighter control over working capital and through reducing WIP.═ Improving Biryusa▓s marketing and distribution systems was essential and CentreInvest helped establish a marketing department and subsequently developed a new distribution and promotional strategy.═ CentreInvest was retained by Biryusa on completion of the Tacis funded study to assist it in preparing a financing plan for completion of its new ozone friendly manufacturing line.═

Case Study:═ State Property Fund of the Ukraine

CentreInvest was sub-contracted by Booz ╥Allen & Hamilton to prepare a new organizational structure for the Ukrainian State Property Fund.═ Charged with developing a mass privatization strategy and implementing a voucher distribution system, the State Property Fund had expanded its functions and personnel substantially since its establishment.═ Growth had been organic with tasks and responsibilities scattered throughout its structure, meaning internal communications and co-ordination were disorganized.═

Faced with a change in emphasis from mass privatization to selective privatization, the State Property Fund decided to restructure itself and to implement a new computerized Management Information System.═ CentreInvest▓s role was to develop a more efficient structure aligned in accordance with the new strategy.═ After over 70 detailed interviews with senior and line managers, CentreInvest mapped all the major linkages and inefficiencies reported by them.═ Analysis of these conclusions led to the development of three alternative structural variants for senior management review.═ Based on our recommendations, one of the more wide-ranging structural revisions has been selected for implementation.═