BLS International Services Ltd. is liquidating its subsidiaries Visametric LLC (Tajikistan) and IDATA International SARL (Tunisia) due to their non-operative nature. The liquidation of Visametric LLC is underway, and IDATA International SARL has been liquidated. This action results in these companies ceasing to be Step Down Subsidiaries of BLS International FZE and the Company.
Liquidation of Subsidiaries
BLS International Services Ltd. has initiated the liquidation of two of its subsidiaries. The decision was made due to the non-operative nature of these businesses.
Details of Liquidated Entities
The subsidiaries involved are:
- Visametric LLC (Tajikistan)
- IDATA International SARL (Tunisia) – a step-down subsidiary of BLS International FZE
The liquidation process for Visametric LLC is currently underway, while IDATA International SARL has already been liquidated.
Impact on BLS International
Following these liquidations, Visametric LLC and IDATA International SARL will no longer be considered Step Down Subsidiaries of BLS International FZE or BLS International Services Ltd.
Financial Impact Details
The financial impact of liquidating these subsidiaries is as follows:
- IDATA International SARL, Tunisia:
- Net worth: EUR 5,400.14, which accounts for 0.003% of the Consolidated Company’s total net worth.
- Revenue: NIL
- Visametric LLC, Tajikistan:
- Net worth: EUR 125,536.03, accounting for 0.067% of the Consolidated Company’s total net worth.
- Revenue: EURO 124,380.00, which is 0.050 % of total Consolidated revenue.
Expected Completion
The liquidation process for Visametric LLC is expected to be completed on or before March 31, 2026. IDATA International SARL’s liquidation was completed on September 18, 2025.
Source: BSE