OREANDA-NEWS. RusRating has assigned a credit rating to OOO Mikro Kapital Russia (Moscow). The rating is "mA+" on the national scale, with a stable outlook.

The rating is based on a well-diversified loan portfolio, a low overdue rate on loans extended, a high interest margin, and affiliation with the General Invest Group.

Constraining factors include a small market share, exposure to currency risk and almost total dependence on the resources of Mikro Fund.

About the Company

Mikro Kapital Russia was set up in late 2010 and is registered as a Russian micro-finance organisation. It extends micro business and consumer loans to private individuals, as well as small and mid-sized companies and registered entrepreneurs. Temporarily-free funds are invested in securities (rouble and foreign currency bonds) or foreign currency bond futures. The company’s sole owner is Mikro Fund, which is registered in Luxembourg and managed by Mikro Kapital S.a.r.l., a member of the General Invest Group.

Asset quality is determined by the quality of loans extended and is judged healthy given that more than 90% are secured. Financing draws mainly on the parent structure (Mikro Fund). Loans are extended at a high margin, but the Company showed no profit in 2014 due to the realisation of currency risk. Liquidity is sufficient. Risk sensitivity is elevated.