OREANDA-NEWS. RusRating has assigned a credit rating to OOO Nafta. The rating is "BB" on the international scale and "BBB" on the national scale, in both cases with a stable outlook.

The rating is based on a moderate debt burden, short financial cycle, strong revenue growth, a wide sales geography (covering most regions of Russia) and ties to a major financial-industrial group.

Constraining factors include a low operating margin and the Company’s relatively small size.

About the Company

OOO Nafta is a limited liability company set up in 2012 whose principal line of business is wholesale trading in oil and petroleum products. Sales volumes have been rising aggressively since it began operations and the sales geography ranges all across Russia. The sole owner is Pavel Alexandrovich Nechkin, who is also the Company’s General Director.

The Company’s debt burden is moderate but its operating margin is low, which is typical for an oil and petrochemical trader. Liabilities consist mainly of accounts payable on the delivery of petroleum products, while accounts receivable make up close to 100% of assets. Turnover in both is healthy. Liquidity is sufficient. Risk sensitivity is elevated.