The rating of Qurilish-Lizing reflects stable market position and recognizability of the brand in the market, acceptable financial results, as well as favouable capital adequacy. The uzB++ level means adequate level of trust to its activity and solvency.

The leasing company with uzB++ rating has high ability to execute its financial liabilities in time and full compared to leasing companies with lower ratings. But the commercial, financial and economic conditions can impact to ability of the leasing company to execute its financial liabilities in time and full compared to leasing companies with A rating.

Main direction of the activities of Qurilish-Lizing is rendering investment-financial services on renting special equipment (construction equipment, vehicles, small mechanics, equipment, etc) to construction organizations, including small and private businesses.

Despite small period of operation in Uzbek leasing market, Qurilish-Lizing developed its activities with high tempo. The company claimed the fifth place among top leasing companies in Uzbekistan in the result of 2011.

Qurilish-Lizing’s business scale has been growing stable since its launch. Its net revenue made up 1.4 billion soums as of 1 January 2012, which grew by 31.51% year-on-year. Net income reached 554.8 million soums, which is good result among local leasing companies.

Assets of the leasing company made up 9.2 billion soums. Income-bearing assets rose by 1.11% to 3.29 billion soums (3.25 billion soums in 2010). Their share in total assets rose from 22.13% in 2010 to 35.73% in 2011.

Gross income of Qurilish-Lizing increased by 31.51% year-on-year in 2011. At the same time, income from financial activity of the company grew by 77.12% year—on-year and expenses from financial operation rose three times.

In 2011, all incomes of the leasing company jumped by 34.19% year-on-year to 2.08 billion soums. While, all expenses of Qurilish-Lizing rose by 77.85% to 1.5 billion soums in 2011. At the same time, the company increased its interest expenses by more than 35 times. It is worth to mention that other financial income as dividends rose by 69.63%. Income of Qurilish-Lizing from currency exchange rates rose by 77.65% and expenses on currency exchanges grew 2.5 times.

In 2011, liquid assets of Qurilish-Lizing made up 13.03% of the company’s assets (22.11% in 2010). At the same time, Qurilish-Lizing has long-term investments as securities in its balance sheet, which made up 25.65% (2.63% in 2010) of liquid assets. Currently, total volume of investments of Qurilish-Lizing into securities made up 308.2 million soums (85.5 million soums in 2010). The coefficient of current liquidity of Qurilish-Lizing made up 336% in 2011 (166% in 201). According to opinion of Ahbor-Reyting, current liquidity assets of Qurilish-Lizing rated at high level at the normative minimum requirement level of 20%.

Qurilish-Lizing has good capitalization base. In 2011, the charter capital of Qurilish-Lizing made up 4.4 billion soums. At the same time, own capital of the bank rose by 2.4% to 6.6 billion soums. At the same time, capital base adequacy of Qurilish-Lizing made up 71.45% in 2011 (43.7% in 2010), borrowed funds adequacy – 28.55% (56.3% in 2010). At the same time, leverage coefficient of Qurilish-Lizing made up 71.45% (43.70% in 2010) in 2011.

Ahbor-Reyting believes that the capitalization figures of Qurilish-Lizing will continue grow in current tempo, as well as leverage coefficient.