RusRating Assigns Credit Rating to NewHowTrade
OREANDA-NEWS. RusRating has assigned a credit rating to OOO NewHowTrade (Moscow). The rating is “BBB-” on the national scale and “BB-” on the national scale, in both cases with a stable outlook.
The rating is based on the high market value of the Company's assets and membership in the IMAC group.
Constraining factors include assets and liabilities highly concentrated by individual creditor, as well as low profitability.
OOO NewHowTrade is a private-sector limited liability Russian company that acts as a financial intermediary and satisfies Federal Financial Markets Service requirements for classification as a “qualified investor”. Its ultimate beneficiary owner is Oleg Papakhin.
Most external obligations are accounts payable to the Company's main client (Ekoprombank) or firms in the IMAC group, while financial investments account for the bulk of assets, most notably shares in closed mutual investment funds that hold real estate in the city of Perm; accounts receivable from IMAC group affiliates also make up a significant portion of the balance sheet. The Company's own funds are negligible and profitability is weak. Liquidity is sufficient. Risk sensitivity is elevated.