Report
Inarktika PAO
ul. Belovezhskaya
d. 4V, etazh 5, kab. 57
Phone: +7 4952589928p:+7 4952589928 MOSCOW, 121353  Russian Federation Ticker: AQUAAQUA
On March 4, 2022, CreditRiskMonitor.com, Inc. suppressed the FRISK® score of all publicly listed Russian and Ukrainian-based companies trading domestically due to the closure of their respective stock markets. The halt of trading in a counterparty’s securities is never a positive signal for creditors or suppliers, but especially in situations where the prices of those securities were above book value before the halt. The loss of liquidity optionality from equity markets inherently increases the bankruptcy risks for any business and dealing with businesses who have lost this financing option should be strongly scrutinized. Stock Market data is one of the essential components used in the daily calculation of the FRISK®. The omission of this data can reduce the score's effectiveness in predicting bankruptcy risk for companies trading within these markets. In addition, any analysis based on previously reported financials should be used with caution in this environment. We are continuing to monitor the Russia-Ukraine conflict and plan to reevaluate the appropriateness of the FRISK® when the affected exchanges have reopened and trading in securities resumes.

Gleb Frank representative replaces Volga Group CFO on Russian Aquaculture board


MOSCOW. Feb 18 (Interfax) - Shareholders in Russian Aquaculture (MOEX: RUMR) (formerly Russian Sea) elected the new board of directors at an extraordinary meeting on February 17, the company said in a press release.

The new board includes the head of petrochemicals and infrastructure at Gazprombank (MOEX: GZPR), Alexander Garankin, and Ilya Gusarov, the head of Rockwell Capital, an investment company controlled by Gleb Frank that was used to purchase the stake in Russian Aquaculture held by Gennady Timchenko'sVolga Group.

Vladislav Glinberg, the head of the Linvest investment group, and Volga Group CFO Alexei Shchashchaev did not receive seats on the new board.

The other seven incumbents were reelected: Russian Aquaculture co-owners Maxim Vorobiev and Gleb Frank, CEO Dmitry Dangauer, company executives Dmitry Kotsyubinsky, Ludmila Vorobyova (who is the mother of Maxim Vorobiev), Dmitry Gusev (independent director) and minority shareholder Mikhail Kenin.

Russian Sea was founded in 1997. In 2011, Timchenko's Volga Group acquired about 30% of shares after RS Group'sVorobiev and Volga Group formed Rsea Holdings Limited joint company on a 50-50 basis. The new company received 60.9% of shares in Russian Sea.

It was learned in July 2014 that Timchenko had sold his stake to his son-in-law Gleb Frank, who is the son of the former head of Russia'sTransportation Ministry and Sovcomflot chief Sergei Frank.

Vorobiev owns 1.03% of company shares outright, Vorobyova has 8.8% and Kenin has 11.1%, according to the Russian Sea list of affiliated parties.

Jh of

(Our editorial staff can be reached at eng.editors@interfax.ru)

Related Businesses
- - Customer
Copyright © 2024 by CreditRiskMonitor.com (Ticker: CRMZ®). All rights reserved.  You are not permitted to use this report or the information contained herein for any purpose not expressly permitted by CreditRiskMonitor.com, Inc. Except as expressly permitted by CreditRiskMonitor.com, Inc., you are not permitted, in whole or in part, to copy, alter, correct, adapt, translate, enhance, lease, sell, sublicense, assign, distribute, publish, otherwise make available to any third party, or prepare derivative works or improvements of this report or any of the information contained therein. You are not permitted to reverse engineer, disassemble, decompile, decode, or adapt the software, algorithms or other processes used to prepare this report, or otherwise attempt to derive or gain access to the source code of same. You agree not to remove, alter, obscure, combine or otherwise change any disclaimers, trademarks, copyrights, other intellectual property rights, proprietary rights, or other symbols, notices, marks, or serial numbers on or relating to any copy of the report or on marketing or other materials that CreditRiskMonitor.com, Inc. may provide to you. You will not use this report in any manner or for any purpose that infringes, misappropriates, or otherwise violates any right of any party, or that violates any applicable law.  
The FRISK® scores, agency ratings, credit limit recommendations and other scores, analysis and commentary are opinions of CreditRiskMonitor.com, Inc. and/or its suppliers, not statements of fact, and should be one of several factors in making credit decisions.  Any reliance you place on the information in this report is strictly at your own risk. Except as expressly provided by CreditRiskMonitor.com, Inc., no warranties or representations of any type, including without limitation of results to be obtained, merchantability or fitness for a particular purpose, are made concerning any part of CreditRiskMonitor.com, Inc.’s service, including without limitation the FRISK® scores.  The information published above has been obtained from sources CreditRiskMonitor considers to be reliable.  CreditRiskMonitor.com, Inc. and its third-party suppliers do not guarantee or validate the accuracy and completeness of the information provided in this report, the underlying information input to create the FRISK® scores, and specifically do not assume responsibility for not reporting any information omitted or withheld.  By using this website, you accept the Terms of Use Agreement. 
Contact Us: 845.230.3000
Fundamental financial data concerning public companies may be provided by Refinitiv (click for restrictions)
Friday, April 26, 2024