The change in the company’s business form was finally determined on June 29, when the memorandum of association of the successor company created by transformation was accepted and signed – according to the announcement published in the company’s prospectus.
The owner of the company has been the Mészáros couple since its inception, but in mid-June 2018, Mészáros Építőipari Holding Zrt acquired the equity of this company as well as the equity of R-Kord Kft. The shares are owned by Opus Global Plc. listed on the Budapest Stock Exchange.
The transformation of Mészáros és Mészáros Kft entails not only administrative obligations, but also financial implications. The joint stock company does not have sufficient registered capital of HUF 3 million in the case of a limited company, it needs HUF 5 million. This can be solved by some kind of capital injection in this case; According to the draft balance sheet included in the company prospectus, the owner provides subscribed capital well above the mandatory minimum during the transformation into an LLC.
The subscribed capital will be increased to HUF 100 million instead of HUF 5 million, that is, in such a way that the accumulated profit reserve for the results of the management of the limited company to date is reduced by HUF 97 million lost. Thus, the volume of the latter will decrease from HUF 17.64 billion to HUF 17.54 billion.
Based on the draft balance sheet as of December 31, 2020, the converting company can take on liabilities of HUF 44.39 billion, receivables of approximately HUF 28 billion and just over HUF 30 billion in cash.
Although the announcement of the transformation has already been published in the company’s prospectus, the document states that the legal implications of the transformation will come into effect on September 30, 2021.
Mészáros és Mészáros Kft. It will continue to do so in 2020 as well He stood on his legs steadySales revenue of 87.3 billion in the previous year rose to 112.8 billion, of which HUF 15.55 billion remained profit after tax. This was paid in full as dividends by the owner, and even snatched a little bit of the profit reserve to make the total dividend payable at HUF 15.715 billion.