Expert RA upgraded Obuv Rossii to A level
12.01.2012 3393

Expert RA upgraded Obuv Rossii to A level

The Expert RA rating agency has raised the credit rating of Obuv Rossii (OOO) to A (high level of reliability). The forecast is “stable”.

Obuv Rossii is characterized by high liquidity ratios (the absolute liquidity ratio in the consolidated statements was 0,59). The profitability of the Group is at an acceptable level (based on 2010 results, ROA = 7,1%, ROE = 13,2%). “In 2011, Obuv Rossii group of companies placed a bond loan in the amount of 700 million rubles. The funds raised will contribute to a more active expansion of the group’s business, ”says Pavel Mitrofanov, head of the Corporate and Investment Rating Department of Expert RA. In 2011, the company opened 60 stores.

Obuv Rossii GC is also characterized by high business activity (by the end of 2010, the asset turnover period was 322 days, capital - 177 days) and an acceptable level of debt load (the ratio of revenue at the end of 2010 and the company's debt as of September 30.09.2011, 0,75 was 30.09.2011, 1,4, and the ratio of capital to debt as of September XNUMX, XNUMX - XNUMX).

Among the factors limiting the level of the rating, the agency's analysts attributed the procyclical nature of demand for footwear, which, combined with high competition in the market, increases the company's business risks. In addition, Obuv Rossii Group of Companies is characterized by a low diversification of accounts receivable.

Obuv Rossii Group of Companies is a federal network of shoe stores, founded in 2003, with its head office in Novosibirsk. It has 180 stores, including franchised stores, in 57 cities of Russia. The group's net revenue in 2010 exceeded 1,58 billion rubles, net profit - 97 million rubles. As of September 30.09.2011, 2,1, assets amounted to 843 billion rubles, own funds - XNUMX million rubles.
 The Expert RA rating agency has raised the credit rating of Obuv Rossii (OOO) to A (high level of reliability). Forecast…
5
1
Rating

Latest News

The French are summing up the results of the annual “Discount for repairs” campaign

On November 7, 2023, France launched the “Repair Discount” program to stimulate shoe and clothing repairs. According to the environmental organization Refashion, a year later, about 826 professional repairers have taken advantage of the proposed system. The popularity…
06.12.2024 103

Clarks and Pokémon Continue Collaboration with New Collection

The 4 shoe models in the Clarks x Pokémon collection correspond to 4 characters from the superhero adventure film Endgame, based on the Marvel Studios characters - Venusaur, Charizard, Blastoise and…
06.12.2024 124

Lacoste has released a collaboration with Maison Château Rouge

At the end of the year, French fashion brand Lacoste released a collaboration with Maison Château Rouge, a Parisian brand founded by the “ultra-creative African diaspora,” writes…
05.12.2024 1311

Insole maker OrthoLite expands presence in India

OrthoLite has expanded its manufacturing facility in India, in Ambur, and opened a new sales office in Chennai. OrthoLite India was opened in 2021, and the Ambur facility has now increased its production capacity to two million insoles per…
05.12.2024 1190

The general meeting of the National Shoe Union (NOBS) took place yesterday

The meeting was attended by members of the NOBS - representatives of companies participating in the Russian footwear market, the Ministry of Industry and Trade of Russia, the Association of Retail Companies (AKORT), the operator of the marking system, the Center for the Development of Promising…
04.12.2024 1429
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning