RusRating assigns credit rating to Byuro Finansovykh Vlozhenii
The rating is based on close business ties to a consulting group with substantial experience in the market for closed mutual investment funds plus the high market value of the Company’s assets.
Constraining factors include assets and liabilities highly concentrated by individual counterparty plus low profitability.
About the Company
Byuro Finansovykh Vlozhenii [trs. Financial Investments Bureau LLC] (BFV) is a private-sector Russian company that acts as a consultant and financial intermediary. It forms part of a consulting group with extensive experience in asset management, including operations with closed mutual investment funds. BFV works with financial institutions to acquire mortgage participation certificates, shares in closed mutual investment funds and other claims.
Assets consist mainly of financial investments, particularly shares in the Zolotoi Kolos closed mutual investment fund, which holds agricultural land in Vladimir region; accounts receivable reflect claims against Unitrade under a loan contracts and a contract for the sale of shares. All assets are classified as working assets and their structure is quite fluid. All obligations are short-term and most take the form of accounts payable. The Company’s debt burden is judged low. Operating revenues are nil; income is generated from the purchase and sale of securities. Profitability is low. Liquidity is sufficient. Risk sensitivity is high.