"Expert RA"

Expert RA Has rated OOO TGI-Leasing

March, 27th, 2008

The Expert RA rating agency has assigned the B++ credibility rating to OOO TGI-Leasing (acceptable credibility level). “Highly liquid construction equipment, swift growth of the business, good credit history, cooperation with major clients contracted by Gazprom to develop natural resources contributed a lot to the company’s high estimate,” – says Roman Romanovsky, Expert RA analyst.

TGI-Leasing risk factors include unstable structure of the financial sources, high dependence on the attracted capital, highly concentrated business by clients and types of equipment. As a matter of fact the company has been preparing plans for strategic development, which may give additional points to the company’s rating.

OOO TGI-Leasing provides leasing services in Moscow, Central, North-West, Siberia, Urals and South Federal districts. The company’s main area of activity covers construction, automobile and special machinery, railway rolling stock. The company deals with 80 plus Russian and foreign suppliers and has large construction companies among its clients.

According to Expert RA, in 2007 by the new business volume TGI-Leasing ranked 12 among the largest Russian leasing companies. The company’s new business in 2007 amounted to 14.8 bln rubles, total amount of liabilities among leasing receivers for all current leasing agreements exceeded 26 bln rubles, and leasing payments received totaled 4.4 bln rubles.

TGI-Leasing portfolio structure, 2007, %

Источник: данные ООО "ТГИ-Лизинг"