partment for Internal Control and Audit of IDGC of Centre, JSC is effected in accordance with conditions of employment contracts




Download 7.99 Mb.
bet59/59
Sana01.04.2017
Hajmi7.99 Mb.
1   ...   51   52   53   54   55   56   57   58   59

Payment of remuneration to employees of the Department for Internal Control and Audit of IDGC of Centre, JSC is effected in accordance with conditions of employment contracts.


8.10.13. Data on financial and economic activity of the Company and its affiliated and

dependent companies

Data on financial and economic activity of IDGC of Centre are given in sections 3 and 4 of this report and available on the website of the Company at: http://www.mrsk-1.ru/stockholder/fh_account/analisys2/


8.10.14. Data on the market environment

Data on the market environment are placed on the website of the Company at: http://www.mrsk-1.ru/about/key_fact/information_environm/obzor/.



8.10.15. Data on essential transactions

Information on essential transactions, the amount of liabilities on which is 5 and more percent of the balance value of the Company’s assets according to data of its accounting statements for the last accounting quarter prior to the date of transaction: the issuer did not settle such transactions in 2009 and in the first quarter 2010 as well.


8.10.16. Data on transactions (group of the associated transactions) with subsidiaries and dependent companies, data on intracorporate transactions, on transactions between and with subsidiaries and dependent companies, and also about transactions which do formally fall under definition of material ones, however, capable to influence activity of the Company.

Transactions (group of the associated transactions) with subsidiaries and dependent companies, data on intracorporate transactions, on transactions between and with subsidiaries and dependent companies, and also about transactions which do formally fall under definition of material ones, however, capable to influence activity of the Company, if the amount of such transaction exceeds 2% of balance assets of the Company for the moments of transaction:


Information on such transactions in the 1st quarter 2010 is disclosed on Web–site of the Company: http://www.mrsk-1.ru/inform/transaction/.
8.10.17. The statistical information on shareholders of the Company

The statistical information on the shareholders of IDGC of Centre, JSC, is placed on the Company website at: http://www.mrsk-1.ru/stockholder/equity/.


8.10.18. Structure of the Company share capital

The structure of the share capital of IDGC of Centre, JSC, is placed on the Company website at: http://www.mrsk-1.ru/stockholder/equity/.


8.10.19. Data on the shares of the Company which are in cross ownership (amount,

stake of shares in cross ownership, data on persons who possess the specified shares, bases of occurrence of the cross ownership)

There are no shares in cross ownership.


8.10.20. Dividend policy of the Company

The information about the dividend policy of IDGC of Centre is placed on the website of the Company at: http://www.mrsk-1.ru/about/administration/dividend/.


8.10.21. The information additionally disclosed on the shares of the Company.

On April 08, 2009 the shares of the Company were included into the quotation list «B» of «MICEX Stock Exchange» Close JSC (13, Bolshoy Kislovsky pereulok, Moscow, 125009).

The shares of the Company are admitted to tenders without listing procedure at the Stock Exchange of «RTS», JSC (building 1, 38, Dolgorukovskaya St., Moscow, 127006).

Results of trading in the Company’s shares:



Period

Number of transactions, pcs

Total amount, RUR

Total amount, USD.

MICEX

Total, q 1 2009

1125

142 204 768,4




April 2009

508

52 566 327,6




May 2009

989

60 701 300,8




June 2009

2114

290 790 179




Total, q 2 2009

3611

404 057 807,4




July 2009

992

151 898 305,7




August 2009

975

31 024 297,7




September 2009

2 676

76 070 651,7




Total, q 3 2009

4 643

258 993 255,1




October 2009

5 492

100 916 935,8




November 2009

4 122

159 769 914,3




December 2009

1 996

40 193 007,2




Total, q 4 2009

11 610

300 879 857,3




January2010

4 061

328 384 877




February 2010

5 107

256 946 092




March 2010

19 994

958 275 464




Total, q 1 2010

29162

1 543 606 433




RTS, classical market

Total, q 1 2009

11




331 226

April 2009

1




25 200

May 2009

12




344 000

June 2009

6




148 435

Total, q 2 2009

19




517 635

July 2009

3




93 608

August 2009

4




87 007

September 2009

3




76 637

Total, q 3 2009

10




257 252

October 2009

8




523166,00

November 2009

1




39000,00

December 2009

-




-

Total, q 4 2009

16




562 166

January2010

1




12 690

February 2010

-




-

March 2010

17




1 122 232

Total, q 1 2010

18




1 134 922

RTS, exchange market

Total, q 1 2009

2

91 806




April 2009

-

-




May 2009

-

-




June 2009

2

6 372




Total, q 2 2009

2

6 372




July 2009

-

-




August 2009

2

52 159




September 2009

1

4 440




Total, q 3 2009

3

56 599




October 2009

1

3,5




November 2009

6

512 120




December 2009

9

624 181




Total, q 4 2009

16

1 136 304,5




January2010

1

3 237




February 2010

11

1 257 880




March 2010

14

859 891




Total, q 1 2010

26

2 121 008




Sum total q 1 2009

1138

142 296 574,4

331 226

Sum total q 2 2009

3632

404 064 179,4

517 635

Sum total q 3 2009

4656

259 049 854,1

257 252

Sum total q 4 2009

11 635

303 152 466,3

562 166

Sum total q 1 2010

29 206

1 545 727 441

1 134 922

The information on the dynamics of securities rate of IDGC of Centre, JSC, is available on the Company website at: http://www.mrsk-1.ru/stockholder/market/.



8.10.22. Data on the market makers of the Company.
«Universal investment company Partner» Ltd. – at Closed JSC «Stock Exchange MICEX»:

- renders services on realization on MICEX Stock Exchange of services of outstanding of Securities by submission and constant market making (except for a quotation break) on its own behalf and at its own expense or due to its clients of the application of the Market Maker concerning Securities in the trading system during the trading session of the Mode of the Main Tenders according to the contract provisions. The issuer is liable to pay remuneration to Market Maker according to the procedure provided by the Contract.


The amount of the remuneration of the Market Maker equals 166 000 (one hundred and sixty-six thousand) Rubles, VAT included, monthly.
The terms of execution of obligations by the Market Maker during the trading session:

1. Name of the issuer of the securities

IDGC of Centre, JSC

2. Type of the securities, number of the state registration

Ordinary registered shares No. of the state registration:

1-01-10214-A



2.1. Spread of the bilateral quotation (in per cent), not more than

3

2.2. Volume of bilateral quotation (in pieces), not more than

500 000

2.3. The maximal volume of transactions of the Market Maker completed on the basis of applications of the Market Maker, after the achievement of which the Market Maker is free from obligations on submission and maintenance of bilateral applications of the Market Maker (in pcs), not less than

2 000 000

The Market Maker is entitled not to submit and not to provide market making of the applications of the Market Maker in relation to the Securities during the Trading Session on MICEX Stock Exchange within the period which does not exceed in total the time of the quotation break. Duration of the quotation break is fixed equal to 120 minutes.

Spread of the bilateral quotation is the maximal Value calculated in per cent and defined for the Bilateral Quotation as a difference between the best selling price and the best purchasing price in relation to the best purchasing price under a certain security.


8.10.23. Information on transfer-agents of the Company’s registrar

Information on transfer-agents of the registrar of IDGC of Centre, JSC is placed at Web–site page of the Company: http://www.mrsk-1.ru/stockholder/registrar/.


8.10.24. Information on depository banks being the holders of depository receipt programs of the Company

Securities of IDGC of Centre, JSC are not kept in depository banks.


8.10.25. Information of the issue’s appraiser:

Information on the appraiser’s remuneration paid by the company for the last completed financial year as well as information on the existing agreements relating to such remuneration in the current financial year.

Information on the issuer’s appraisers attracted for determination of the market value of the issuer’s fixed assets, in relation to which the issuer re-estimated the value reflected in the item 3.6.1. of this report, is provided in the item 1.4. of this report.
The issuer did not attract appraisers for:

- determination of the market value of securities being allocated and securities allocated, which are in circulation (liabilities on which have not been fulfilled), providing that not more than 3 years have past from the date of estimate;

- determination of the market value of the property, using for payment for securities being allocated or used for payment for securities allocated, which are in circulation (liabilities on which have not been fulfilled), providing that not more than 3 years have passed from the date of estimate;

- determination of the market value of the property, which the subject of pledge on the issuer’s placed bonds with pledge security, liabilities on which have not been fulfilled.


For 2008, 2009 and the 1st quarter 2010 the issuer did not pay remuneration to the appraisers mentioned in the item 1.4. of this report.
8.10.26. Information on credit rating awarded to the issuer

Information on credit ratings awarded to the issuer is given in the point 8.1.7. of the Quarterly report. The detailed information on credit ratings awarded to the issuer is given below.

1. The credit rating «ВВ-/B/ruAA-» awarded by the rating agency Standard & Poor’s expresses opinion of S&P relating to capability and readiness of the Company to fulfill its financial liabilities duly and fully. The credit rating is independent and reliable appraisal of the issuer’s credit solvency basing on which the market participants can take grounded financial decisions. This should result in reduction of the issuer’s costs related to raising of borrowed funds. For those issuers which raise funds basing on guarantees of third persons, the credit rating can reduce value of such guarantee or raise funds more efficiently without acquisition of guarantee.

Long-term rating of S&P estimates the issuer’s capability to fulfill its debt liabilities duly. Long-term ratings vary from the highest category — «ААА» up to the lowest — «D». Ratings within the interval from «АА» up to «ССС» can be added by «plus» (+) or «minus» (-) meaning intermediate rating classes in relation to the major classes.

According to intermediate scale the rating «BB-» forecast Stable» is awarded to IDGC of Centre, this means that the Company is out of danger within the short-term prospects, however there is perceptibility to the impact of unfavorable changes in commercial, financial and economic conditions, with small probability of changes.

Standard & Poor’s (S&P) is the subsidiary of McGraw-Hill Corporation dealing with analytical researches of financial market. Along with Moody's and Fitch Ratings this company is one of three the most affluent international rating agencies. S&P is known as well as the creator and editor of the American stock exchange index S&P 500 and Australian S&P 200.

The Company Standard & Poor's was formed as a result of merging of two corporations: Standard Statistics и Poor's Publishing Company in 1941. However, it is taken to connect the beginning of Standard & Poor's business history with publication of Henry Varnum Poor’s researches “History of railways and channels in United States ” in 1860.

 The Company Standard & Poor's became the recognized world leader in the field of high-quality services on credit risk appraisal of, publication of analytical and reference materials for the world financial market. Standard & Poor's created a number of products and services for the stock exchange market, including stock exchange index monitoring systems and a series of Internet-services facilitating work of international specialists in the field of financial analysis, planning and investment activity. Standard & Poor's staff consists of over 10 thousand employees who work in the company offices located in 23 countries of the world; among them — over 1500 analysts, among them 20 — in Russian on permanent basis.

2. The value of credit rating awarded by the National Rating Agency, for the date of completion of the reporting quarter: «А+» - high creditability, the first level.

Following the results of rating monitoring on 08.09.2009 the rating was confirmed at «А+» level. This level of creditability means that the Company is able to fulfill its credit and debt liabilities in full without loss of solvency and financial stableness, and it has low risk of solvency loss in case of increase of debt load in relation to the existing liabilities.


History of change of values of the credit rating for the last 5 completed financial years: In 2007 National Rating Agency awarded the creditability rating at «А» level ― high creditability, the 2nd level to IDGC of Centre, JSC.

Level of high creditability means the company’s ability to fulfill its credit and debt liabilities in full without loss of solvency and financial stableness. The enterprise has the low risk of solvency loess in case of increase of debt load in relation to the existing liabilities.


Increase of the rating up to А+ level (high creditability, the first level), which took place in September 2008, was grounded by the company’s development: successful completion of the process of creation of the unified operating company, corporate governance quality improvement, growth of publicity of IDGC of Center, JSC activity.

In particular, in accordance with the reforming plan IDGC of Centre, JSC has successfully completed the procedure of affiliation of RGC – shareholders of all 11 regional grid companies (RGC) approved creation of the unified operating company by the qualified majority.



Now shares of IDGC of Centre participate in tenders at the Russian stock-exchange sites. The Company is credited by the largest Russian and foreign banks, such as «Sberbank», «ROSBANK», «Gasprombank», «Raiffaisenbank», «Bank Moskvy (Bank of Moscow)», «Nordea Bank» and others.

The public Strategy of Development of IDGC of Centre, JSC contributed increase of creditability rating as well.

This rating award is of strategic importance for the company’s further development. The rating will contribute increase of the investment attraction of the company, level of confidence on the part of shareholders, investors, bank community.

National Rating Agency is private and it has been performing activity on rating making of participants of the financial market since 2002. At present more than 500 companies and banks of Russia have the distance and individual ratings. Analytics is carried out according to more than 50 indicators quarterly and monthly. Ratings are divided into two components – distance and individual. The first ratings consist in analysis of financial statements exclusively, which methods are grounded on the quality analysis. Rating of business activity of non-commercial organizations is supported. The largest players of the financial market have individual ratings of the National Rating Agency. Periodic publications and e-Media publish regularly materials of the National Rating Agency (Vedomosti, Kommersant, Business Petersburg, Profil, D-shtrikh, Popular Finances, Finance, Izvestiya, RBK etc.).



8.10.27. Information on the issuer’s consultants

As of the end date of the 1st quarter 2010 the issuer has not involved the financial consultant in the stock market as well as other persons rendering the issuer consultation services connected with securities issue and that signed the quarterly report and/or the registered Prospectus of transferable securities.



There are no other consultants the information on which could influence on taking decision of the issuer’s securities acquisition.
8.11. Data on the represented securities and the issuer of the represented securities, the property right to which is certified by the Russian depository receipts

The issuer is not the issuer of the presented securities, the property right to which is certified by the Russian depository receipts

.1 If the annual general meeting of shareholders failed to approve the annual reporting within the period not later than June 1 next to the reporting one, this reporting is subject to publishing within 10 business days from the date of the annual general meeting of shareholders.



Download 7.99 Mb.
1   ...   51   52   53   54   55   56   57   58   59




Download 7.99 Mb.

Bosh sahifa
Aloqalar

    Bosh sahifa



partment for Internal Control and Audit of IDGC of Centre, JSC is effected in accordance with conditions of employment contracts

Download 7.99 Mb.