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RА Expert-rating confirms the rating of Private Joint Stock company KINTO at the level uaAА.amc (very high stability level, with a positive forecast).


19/03/2010

On March, 19th, 2010 RА Expert Rating has confirmed infrastructural rating of AMC Private Joint Stock Company KINTO at the level uaAА.amc (very high stability level, with a positive forecast). (see Table)

In the confirmation of rating, RА Expert Rating was guided by the following conclusions:
1. For 2009 net assets under management of JSC KINTO grew by 12.43%. Net assets of public funds under control of KINTO grew by 6%, and of NPF — by 68%. The company continued to raise market share in the sector of public funds management, remaining an absolute leader in the branch. As of 01.01.2010 there were 10 public funds under the control of JSC KINTO, from which 8 showed positive results following the year 2009. The greatest profitableness has been observed at Narodny interval fund (+38.4 %).
Data on profitableness of KINTO public funds following the results of 2009:
• open-end balanced fund ‘Classical’: +20,6%.
• open-end stock fund ‘KINTO Equity’: +25,8% (с 26.05.2009).
• interval fund Narodny: +38,4%
• interval fund Dostatok: +23,9%.
• closed-end corporate stock fund ‘Sinergy-7’: –21,00%.
• closed-end corporate stock fund ‘Sinergy-5’: +23,5%.
• closed-end corporate stock fund ‘Sinergy-4’: +37,1%.
• closed-end corporate stock fund ‘Sinergy-3’: –13,4%.
• closed-end corporate fund ‘Sinergy Real Estate: +1,0%.
• closed-end corporate fund ‘Sinergy Bond’: +22,9%.

2. Following the results of 2009 the loss of PJSC KINTO made 13.99 mln UAH. According to the analytical service of RA Expert Rating, the given fact will not substantially affect company’s capacity to execute it’s fiduciary obligations to clients. As of 01.01.2010, shareholders capital of PJSC KINTO made 95.257 mln UAH. The loss in 2009 was due to decrease of assets value and reduction of business activity in Ukraine in the sector of public funds. The earnings of KINTO decreased by 44% in 2009, the company continued maintaining competitive tariffs for assets management services during the crisis period, due to which an essential market share of public funds was retained by the company.
3. The agency estimates positively the first initiatives of PJSC KINTO in the last quarter of 2009:
- the company declared about creation of conceptually new product in Ukraine, a cascade of dividend funds KINTO-SEASONS;
- in December, 2009 the investment and financial group KINTO has officially started to provide Internet trading services;
- in the end of 2009 PJSC KINTO expanded the presence in Internet space. Now information pages of the company are present in the most popular social networks: LiveJournal, Twitter and Facebook.

Confirmation of AMC OJSC KINTO — 19.03.2010

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