STIA (Société tunisienne d’industrie automobile), a former public company privatized in November 2008 following a decision by Carepp in response to a call for tenders in favor of Le Moteur for a sum of almost 31.5 million Tunisian dinars, has just published its accounts for the financial years 2011, 2012, 2013 and 2014.
In 2011, the company, which mainly assembles vans and buses, recorded a loss of more than 2.688 million Tunisian dinars, weighed down by financial charges of more than 2.688 million Tunisian dinars, despite an income of 660 thousand dinars.
In 2013, the losses almost doubled to 4.189 million Tunisian dinars, with the balance sheet still weighed down by financial charges and with income of only 386,253 Tunisian dinars.
The minutes of the auditors of STIA, now Icare, also contain important comments on the management of the company.
STIA, which is still in liquidation, will hold a general meeting on January 3, 2025 at which the liquidator will report on the conditions under which the annual accounts for the years in question were drawn up and on his activities for the year 2024.
He will also ask for the discharge of himself and the members of the Board of Directors and for the renewal of his mandate as liquidator. The Annual General Meeting will also vote on any shortcomings identified by the statutory auditors.
