OREANDA-NEWS. The National Rating Agency has confirmed the creditability rating of LLC "STROYGAZMONTAZH" at AA according to the national rating scale.

LLC "STROYGAZMONTAZH" was established in November 2007. It is the parent company of the SGM Group of Companies. The Group's core business is projects implementation and management in the construction of the industrial facilities, trunk pipelines, oil and gas field infrastructure development, gas and petroleum refining, as well as gas supply infrastructure development in constituent entities of the Russian Federation.

In 2012 SGM Group of Companies laid nearly 930 km of trunk gas pipelines (including water crossings) and over 2,700 km of gas network in 35 constituent entities of the country in the framework of Russian Regions Gasification Program, and 12 compressor stations were also put into operation. 2012 saw a significant increase in amount of works on overhaul, diagnostic inspection and maintenance. SGM Group of Companies participates in construction of major trunk gas pipelines and onshore facilities of oil and gas infrastructure within the territory of Russia. The key client of LLC "STROYGAZMONTAZH" is the Gazprom Group of Companies. In an effort to diversify its portfolio of orders LLC "STROYGAZMONTAZH" plans to take part in implementation of JSC “Transneft”, OAO NOVATEK's and foreign projects.

In 2012 due to the completion of a number of major projects, such as Sakhalin - Khabarovsk - Vladivostok gas pipeline, Ukhta - Torzhok trunk gas pipeline system (6th string) and 8 portions of 2nd string of Gryazovets - Vyborg gas pipeline and others, the Company managed to achieve high performance as per IFRS. Therefore the 2012 revenue increased by 37% and totaled 282.3 bln rubles, EBITDA and net profit more than doubled in comparison with 2011 and amounted to 48.1 bln rubles and 34.2 bln rubles respectively. The operating efficiency of SGM Group of Companies has surged as well. Net profit margin rose from 7% as of December 31, 2011 to 12.1% as of December 31, 2012, which is a very high level of performance.

As per IFRS the asserts of SGM Group of Companies as of December 31, 2012 accounted for 173.1 bln rubles, which is higher than corresponding indicator of 2011 by 49%. The equity capital doubled and totaled 39.6 bln rubles for 2012. The SGM Group of Companies total debt demonstrated a 51% growth for the period of 2012. However, the main indicator of debt burden (net debt / EBITDA) hasn't grown but has dropped from .5 as of December 31, 2011 to .4 as of December 31, 2012. The only bank that extends loans to the Company is Gazprombank (Open Joint-stock Company).