NRA raises the credit rating of RWM Capital Asset Management up to AA level.
The company assessment considers existence of big reliable partners and customers, high operational standards of performance, experienced and qualified management staff and competences gained in the selected niche. The company business is profitable, profitability ratios are at a high level. The rating was raised due to consistent implementation of the development strategy, expansion in the number of funds and assets under management, as well as entry by the company into the endowment market. As before a low level of the equity capital adequacy in relation to the volume of the assets under management, as well as low diversification by lines of business and a high density of the customer base are registered. Due to the business specific character the portfolio of assets under the company’s management is characterized by average risks and low liquidity ratios.
Closed Joint-Stock Company RWM Capital Asset Management was established in 2005. The principal shareholders of RWM Capital Asset Management are Closed Joint-Stock Company RWM Investment Group (81.1%) and IC Blagosostoyanie (19.9%). RWM IG CJSC was established for raising long-term investments for big projects in different sectors of the Russian economics (including transport sector).
The company’s web-site: http://www.rwmcapital.ru/
The basic business line of RWM Capital Asset Management is management of asserts of closed-end investment funds, the company has 7 funds under its management. The funds’ assets are vested mainly in the real estate items located in the capital. All real estate items have been set in operation and generate consistent lease flow. The company systematically expands its presence in the area of real estate investments and rapidly develops new lines of business.
During the previous year by resolution of the general meeting of the owners of the investment units TransFinGroup-Logisticheskiy Real Estate Closed-End Fund (renamed as RWM Logisticheskiy) was transferred to the company’s management. The fund’s property includes Logopark warehouse complex of A class with the area of 27 thousand m2, located in Tver Oblast. A new RWM Zhilaya Nedvizhimost Real Estate Closed-End Fund was established, using the fund’s money a pool of apartments was acquired in Petergofskiy Kaskad Residential Estate, which is located in Petrodvortsovy District of Saint Petersburg. The foregoing allowed the company entering new markets of storage and residential real estate.
Establishment of real estate funds according to sale & leaseback scheme became for RWM Capital Asset Management one of the new investment patterns on the real estate market. At the beginning of 2013 RWM Capital Asset Management and Russian Fitness Group (RFG) closed the first sale & leaseback deal. Along with that the company participated in and won the open bidding of the Russian State University for the Humanities (RSUH) for the right to manage the University endowment fund. Active work has been conducted on establishment and raising of new funds.
According to the results of 2013 the increase in the amount of assets occurred by 7% (the aggregate amount of assets constituted over 29.3 bln. roub.). The company’s business profitability is at a high level: over 25%.
