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EUROKOMMERZ (TIN 7709667460, OGRN 1067746422985) — bonds & company profile

company EUROKOMMERZ
full company name Eurokommerz
type of legal entity Closed joint-stock company
country of risk Russia
country of registration Russia
industry Financial institutions
web http://www.eurokommerz.ru/

Company details

  • TIN
    7709667460
  • KPP (for Russia)
    770201001
  • OGRN (for Russia)
    1067746422985
  • OKPO (for Russia)
    94476654
  • OGRN date (for Russia)
    03/28/2006
  • Banking License Number
    1777

Profile

Eurokommerz is a commercial finance company and the largest factoring company in Russia (according to Russian rating agency Expert RA). Eurokommerz actively deals with approximately 24,000 companies across Russia, Ukraine and Kazakhstan. In 2007 (according to the audited consolidated IFRS financial statements as of and for the year ended 31 December 2007), factoring advances to clients amounted to RUR27.8 billion (USD1.1 billion), and the net profit for the same period was RUR1.6 billion (USD62 million). As of 30 June 2008, the total amount of factoring advances to clients increased to RUR 36.02 billion (USD1.5 billion). For the first 6 months of 2008, Eurokommerz’s net profit amounted to RUR 2.45 billion (USD102 million). Eurokommerz is generally acknowledged as the leader in the Russian factoring business. According to Russian rating agency Expert RA, as of 1 January 2008, Eurokommerz`s market share by the value of accounts receivable was 30.3% and 41.5% by the number of clients. During 2007, the company financed (in total) receivables amounting to RUR120.9 billion (USD4.728 million). Eurokommerz operates 55 regional sales offices in Russia, two subsidiaries in Kazakhstan and Ukraine, and has approximately 2,900 independent agents generating initial contacts with potential clients. The company’s strategic objective is to become a leading commercial finance company in Russia, the CIS and across other emerging markets. Eurokommerz’s shareholders include the company’s management and founders, as well as the Russia New Growth Fund (managed by Troika Capital Partners), whose investors include the European Bank for Reconstruction and Development (EBRD), Temasek Holdings, Goldman Sachs Asset Management, LGT Capital Partners, AXA Private Equity, Fleming Family & Partners among others. In October 2008 a consortium of investors, including UBS Pactual, Eastgate Capital (member of NCB Group), Fleming Family & Partners, Troika Dialog Group and other institutional investors became the shareholder of the company.

Issuer credit rating

Rating AgencyRatingRating scaleDate
Moody's Investors Service *** LT- foreign currency ***
Moody's Investors Service *** LT- local currency ***
Moody's Interfax Rating Agency *** National Scale (Russia) ***
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Debentures

Issue Volume, mln Status
EUROKOMMERZ, 2009 (ABS, Warehouse2) 3,325 RUB redeemed
EUROKOMMERZ, 2010 (ABS, Warehouse) 11,750 RUB redemption default
EUROKOMMERZ, 05 5,000 RUB redemption default
EUROKOMMERZ, FRN 10oct2009, RUB 5,000 RUB redemption default
EUROKOMMERZ, 03 3,000 RUB redemption default
EUROKOMMERZ, 02 3,000 RUB redemption default
EUROKOMMERZ, 01 1,000 RUB redemption default
EUROKOMMERZ, 04 5,000 RUB cancelled
EUROKOMMERZ, 07 5,000 RUB cancelled
EUROKOMMERZ, 06 5,000 RUB cancelled
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