Closed Joint Stock Company RWM Capital Asset Management was founded in 2005. Its primary beneficiaries are Investment Group Roswagonmash CJSC (81.1%) and Non-State Pension Fund Blagosostoyanie (19.9%). The main beneficiary of Investment Group Roswagonmash CJSC is the company management. IG Roswagonmash CJSC was established to attract long-term investments into large-scale projects in different sectors of the Russian economy (including the transport sector). The Group was created by financial institutions of Russia’s largest transportation company Russian Railways OJSC.
Core business of RWM Capital Asset management CJSC is the management of closed-end mutual funds. The investment activity is carried out in two directions: direct investments and real estate investments. The asset management company is also planning to enter a new market of endowments.
Direct investments are directed to the capital of Russian unlisted companies with capitalization growth potential. The funds are invested in projects of various industry sectors of Russian economy, including, transport and infrastructure, leasing, logistics, financial services, insurance, etc. The company is currently developing the direction of mezzanine financing.
The real estate forming part of the assets of the funds is located primarily in the capital (Business Centers of “A” class). All facilities are put into operation and generate a steady stream of rental. Apart from strengthening of the positions in the niche of real estate funds, which it currently takes, the Company’s strategy involves an active promotion of new investment products among which: “sale-leaseback”, “residential real estate of economy class”, and “commercial real estate development”.
The company effects management of the following closed-end mutual funds: closed-end hybrid mutual fund RWM Russian Transit, closed-end real estate mutual fund Monolit, closed-end real estate mutual fund RWM Business Real Estate, closed-end real estate mutual fund RWM Megapolis, closed-end real estate mutual fund RWM Capital Real Estate No. 1.
The Agency observes high level of risk control and assessment processes. RWM Capital Asset Management has a highly professional management team and high level of corporate governance. In line with the development strategy the Company is going to strengthen its position in the its market niche and attract more clients from the market. The Company is planning to make it into Top-3 in Russia on net assets value of closed-end investment funds.
The Company is profitable; profit margins are high for the industry. The level of risk of assets managed by the company is average, and the liquidity ratios are relatively low consistent with the nature of business.
The rating reflects affiliation to a strong structure, high operational standards, highly professional management team and competence in the chosen business niche. High quality of assets, high profit margin, and system of risk management, assessment and monitoring in place consistent with the nature of business, apart from that the detailed business plan of the company positively influences the rating. As before, there is the low capital ratio against assets under management, as well as high business concentration” - observes Elena Fiveyskaya, National Rating Agency’s Analyst.
The Company is audited by Closed Joint Stock Company “2K Audit-Business Consulting/Morison International”.
The National Rating Agency (NRA) has been carrying out its activities since 2002, and is one of the leading independent ratings agencies in Russia. By now, the Agency has assigned ratings to over 300 of legal entities. More than 800 companies and banks are listed as part of other information projects undertaken by the Agency.
The NRA is accredited by the Ministry of Finance of the Russian Federation. The NRA’s ratings are officially recognized by the Central Bank of the Russian Federation, Federal Financial Markets Service (FFMS), Moscow Exchange, Ministry of Economic Development of the Russian Federation, Vnesheconombank, ROSNANO, Mortgage and Home Loan Agency, Russian National Association of Securities Market Participants (NAUFOR), National Securities Market Association, National Managers’ League, the Association of Russian Banks.
The Agency has a subsidiary partner agency in Ukraine (Independent Rating Agency), and in 2011 it became a member of the European Association of Credit Ratings Agencies (EACRA).
Since 2008, the NRA has been complying with The Code of Professional Ethics of Russian ratings agencies approved by the Board of SRO NSMA (National Securities Market Association).
PR Contacts: +7 (495) 775-59-01/02, e-mail: pr@ra-national.ru, web: www.ra-national.ru
Official citation
http://www.ra-national.ru/press-center/press-releases/2551/
