print
21.02.2006
YUKON KOM - steps towards investors
Nowadays mobile communication market is one of the fast developing. Consumer demand for mobile phones as well as for different mobile services is increased along with rush development of telecommunication sector. Due to it, more and more companies enter the mobile services market. In order to attract investments and show their creditability some of them apply to rating agencies.
One of such company is UKON KOM Ltd., member of UKON group. Last December Credit-Rating agency announced the granting of a long-term uaBB- credit rating under Ukrainian national scale to upcoming bond issue by UKON KOM Ltd. (series A, B) in the amount of UAH 20 million with a circulation period of 3 years. Bonds placement was started on February 1, 2006.
The goal of bond issue is to increase the companys profit and capital, - said Anatoliy Dynin, co-owner of UKON group, at the presentation of bond issue. The funds from bond sales will be used to develop innovative services and increase sales of mobile accessories, communication facilities, digital techniques.
 |
On February 21, 2006 at the press conference, presenting bond issue by UKON KOM,
Ltd., Credit Rating agency has affirmed uaBB- credit rating changed its outlook to
positive.
uaBB- credit rating, assigned to this bond issue, is the highest speculative-grade rating. It means that these liabilities are less subject to non-payment risk among liabilities of such grade, although the difficulties can be arisen if commercial, financial and economic conditions are adversely changed. This rating has positive outlook that means the possibility of its upgrade within 6-12 months, - said Stanislav Dubko, General Director of Credit-Rating agency. |
UKON KOM, Ltd. is a retailer and a wholesale trader of mobile accessories and mobile services (pre-paid products as well as connection network services). From 4 th quarter of 2005 the company innovated the content-service. It intends to enter the content-services market from this March. To be actively promoted the company purchased 15 content-terminals, 10 of which are in operation.
UKON KOM, Ltd. is one of the largest dealers of KievStar JSM services. In 2006 UKON KOM, Ltd. will modify the sales structure and start to present all UMC as well as Life products. The wholesales structure will be equally divided into KievStar JSM, UMC and Life products, - said Vladislav Shtangei, financial manager of UKON group.
While affirming the credit rating, the analytics of Credit-Rating agency took into account that over 2005 UKON group had a high rate of growth, mainly, due to the extension of UKOM store chain. Within a year the company has set up 11 stores in the city of Kiev and regional centers of a country, totaled 21 stores (the company plans to extend its chain by setting up 110 stores till the end of 2006), that had increased the net sales by UAH 188 mln. till UAH 412,4 mln. New stores were set up and range of products was extended at the expense of borrowed assets. At the same time, as of the end of 2005 the part of borrowed assets amounted 79%, and from the beginning of year it was reduced by 11 percentage points resulted from setting up of new stores, assets revaluation and gaining profit in the amount of UAH 650 000,00. At that, the profitability indices of UKON group are not high, that is specific for almost all leading retailers at mobile communication market, and it is explained by active extension of stores chain (growth of burden and financial costs).
For more detailed information, please contact
us.
Kyiv (+38044 490 25 50, fax +38044 490 25 54)
