ST.-PETERSBURG, April 16 - RAPSI. The St. Petersburg and Leningrad Regional Commercial Court will handle on May 15 Bonanza International's application for own bankruptcy.

Bonanza International is a member of JFC, Russia's largest fruit importer.

The applicant has been ordered to provide its latest accounting balance sheet and an appraisal report on its assets' value should one be available.

According to JFC, Bonanza International was a borrower under a syndicated loan facility of up to $88 million and 1.5 billion rubles ($51 million). The loan agreement was approved by an extraordinary meeting of JFC shareholders on March 9, 2011. The loan arrangers included Raiffeisenbank, Russia's Sberbank, Amsterdam Trade Bank, UniCredit Bank and Banque Societe Generale Vostok.

Raiffeisenbank and Sberbank have requested a commercial court to have their claims entered into the JFC schedule of creditors. JFC was put into administration in March. The court records do not specify so far the debt amount that these creditors want to be included in the registry.

JFC faced severe financial trouble due to the turmoil on international markets, as major fruit suppliers went bankrupt as a result of Arab Spring, among other reasons.

JFC reported earlier that it sold up to 30 percent of its products to southern Mediterranean countries and sustained substantial losses in 2011 due to disrupted business relations, market share loss and unrecoverable debts.

Established in St. Petersburg in 1994, the JFC Group comprises fruit production, procurement, storage, transportation and sales companies. According to JFC, it is the largest fruit supplier to the Russian market.