The Fund for the development of small and medium enterprises of the Murmansk region is rated "very high level of reliability" at the level A + .mfi
The rating agency RAEX (Expert RA) assigned a high reliability rating to the micro finance organization "Fund for the development of small and medium-sized enterprises of the Murmansk region" at the level A + .mfi. The rating established a stable outlook, which means there is a high probability of keeping the rating at the current level in the med-run.
The high level of capital adequacy (standard NMO1 is more than 100% for 07.01.2016), good profitability and low level of risk concentrations (the average size of the micro-loans for 01.07.2016 is less than 1% of the capital) are highlighted as key positive factors. In addition, high liquidity had a positive impact on the level of the rating (current values and absolute liquidity ratio is more than 250 for 01/07/2016). Another positive factor is the acceptable operating efficiency and the good level of security of the issued microloans (on 07.01.2016, about 93% of the issued micro-loans were secured by Real estate mortgage and fixed assets).
"FORMAP" operates since 1995. The company specializes in providing guarantees for loans and micro-financing for small and medium-sized businesses.
On 07.01.2016 the company's asset value amounted to 443 million rubles, the amount of capital and reserves to 442 million rubles, the debt balance of microloans to 114.5 million rubles, the net profit amounted to 7.4 million for the I half of 2016.