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Expert RA rating agency made a review of the information-communication technology market and a list of the largest IT-companies in 2011. Expert RA: sales of the largest 2011 participants in “Russian information-communication technology” rating achieved its historic maximum in the whole rating period and totaled 508.4 bln rubles.

According to Expert RA, incremental revenue of the rating IT-companies reached 30.7%. The IT market in 2011 grew up, substantially outpacing the inflation rate.

Quantity indicators at the ICT market are supported by new level of quality. Primary automation of many key processes has been completed in large companies, new projects are mostly approached in a comprehensive way to unify procedures and cut down expenses for integration and technical support in future. Besides, together with the private sector a comprehensive approach to automation was adopted by the State, too.

“The market growth drivers remained unchanged: oil and gas, telecommunications, finance, says Aleksey Khodyrev, Expert RA chief analyst. The State in 2011 behaved actively, volume of orders for IT grew faster in the State sector than in the private one”. 

Expert RA rating agency assigned A (high) rating of service quality for mortgage support to Kursk oblast mortgage agency (KOIA).

Key positive factors: substantial experience in mortgage support (over 7 years) and highly regulated basic business-processes for mortgage support.

Negative factors: moderately high outstanding debt in mortgage support portfolio, low risk- management regulation. The Agency analysts also see risks unrelated to mortgage support activity.

Expert RA rating agency confirmed A++ (exceptionally high) credibility rating to Renaissance Insurance Group. Forecast is “developing”.

Positive factors: good solvency margin (1.6 by 1.10.11), highly diversified and liquid portfolio. Renaissance Insurance Group has a credible brand and an extended clientele, the insurer is highly positioned in certain market segments. Renaissance Insurance Group re-insurance policy is credible and diversified: within 9 months of 2011 over 80% of premium for outgoing insurance went to companies with A+ rating and higher (Expert RA scale) or similar ratings in S&P, Fitch, Moody’s and A.M.Best. The insurer’s activity boasts high geographic diversification.

Expert RA rating agency assigned A creditworthiness rating (high) to Obuvrus. Forecast is “stable”.

Obuvrus is characterized by high liquidity. The Group profitability is acceptable.

The rating limiting factors, according to Expert RA analysts: cyclic nature of footwear demand together with highly competitive market make the Company business risky.

Expert RA rating agency confirmed A creditworthiness rating (high) to Bank of Kazan, forecast is “stable”.

Bank of Kazan rating chief positive factors: short-term asset/liability balance, highly secured loans, presence of additional liquidity sources. Other positive creditworthiness elements: acceptable business operation profitability, highly diversified credit portfolio (by industries) of legal entities and individual entrepreneurs, low currency risks. Owner’s support is highly probable.

Bank creditworthiness limitations: low adequacy of own means and their improper structure, poor long-term asset/liability balance, moderately high concentration of attracted funds with one creditor at some dates in 2011. Negative features: insufficiently conservative provision policy, moderately high concentration of credit risks with related parties.

Expert RA rating agency assigned A+ (very high) creditworthiness rating to Promtransinvest. Forecast is “stable”.

Promtransinvest’s area of activity is purely car-leasing to NefteTransService, the latter being guarantor for Promtransinvest obligations, therefore PromtransInvest was rated on the basis of NefteTransService financial reporting.

NefteTransService specialty is railroad transporting all over the RF.

NefteTransService pluses: high profitability, sufficiently increased assets, high liquidity, high business activity. “Although the company moves forward with high speed, indicators of capital adequacy and debt burden showed no change for the worse”, said Pavel Mitrofanov, head of Expert RA corporate and investment department.

Limiting factors: poorly diversified debt structure, insufficient capital adequacy, high level of debt payments in 2012, high level of accounts receivable in asset structure, insufficient information transparency.

Expert RA rating agency assigned A+ (very high) creditworthiness rating to NefteTransService. Forecast is “stable”.

NefteTransService specialty is railroad transporting all over the RF.

NefteTransService pluses: high profitability, sufficiently increased assets, high liquidity, high business activity. “Although the company moves forward with high speed, indicators of capital adequacy and debt burden showed no change for the worse”, said Pavel Mitrofanov, head of Expert RA corporate and investment department.

Limiting factors: poorly diversified debt structure, insufficient capital adequacy, high level of debt payments in 2012, high level of accounts receivable in asset structure, insufficient information transparency.

Expert RA rating agency assigned A creditworthiness rating (high) to TransM. Forecast is “stable”.

NefteTransService pluses: high profitability, sufficiently increased assets, high liquidity, high business activity.  The rating evaluation was supported by low currency risks, high quality of risk-management and insurance protection.

Limiting factors: poorly diversified debt structure, insufficient capital adequacy, high level of debt payments in 2012, high level of accounts receivable in asset structure, insufficient information transparency.

The IY annual conference “Pension Market Future” took place on April 25, 2012, organized by Expert RA. Chief topics for discussion were prospects for pension market development in the near future and pension payment in the MPI frame.

In 2011 36% of the pension market (about 400 bln rubles) accounted for mandatory pension insurance. “By the end of 2012 the MPI segment may equal in volume non-state pension segment, and in future lay the foundation for NSPF system: by the end of 2012 NSPF own property would increase by 20% to exceed 1.4 trln rubles, said Pavel Mitrofanov, head of Expert RA  corporate and investment rating. - The pension market may be hindered by the regulation system with management functions divided between four agencies, poor credibility of funds and agent network operation risks”.