OREANDA-NEWS. RusRating has assigned a credit rating to OOO Tekhnoserve Consulting (Moscow). The rating is "AA-" on the national scale and "BBB-" on the international scale, in both cases with a stable outlook.

The rating is based on a moderate debt burden, a solid business model, an established and reliable core client base, the support of the Company’s ultimate beneficiary owners, and considerable potential for further organic growth.

Constraining factors include the relatively modest scale of the Company’s operations and a moderate operating margin.

OOO Tekhnoserve Consulting is a limited liability company that provides the full range of business-process automation services for large and mid-sized companies. It has expertise in both management consulting and IT applications at all levels of functionality and decision making. Since 2012 it has formed part of the New Frontier Group headquartered in Vienna, which brings together several IT companies, most of which operate in eastern Europe.

The Company’s debt burden is judged moderate and its operating margin is average. Its business model appears solid and cash flow volatility is low. Assets consist mainly of accounts receivable, for the most part claims against large and reliable clients such as RusHydro, VTB 24, PromsvyazBank, Russian Agricultural Bank and the Tekhnoserve Group. The balance sheet also includes financial investments (a loan to the parent company New Frontier Solutions GmbH) and inventory. Liabilities consist of loans, principally from PromsvyazBank. Liquidity is sufficient. Sensitivity to financial risks is low.