Leasing has proved to be an effective tool to attract funds to the real sector of Russian economy.
Vladimir Putin
President of the RF
In the framework of intense competitive activity enterprises aimed on achieving leading positions in the industry are keeping vigilant watch on production costs and can not presume upon operation of worn-out and obsolete equipment standing idle at inappropriate moment, requiring reserve for routine repairs and inquiry for discontinued spare parts, resulting in raw stock overexpenditure and increased spoilage rates. Savings on reequipment result frequently in loss of customers and fines. Technological progress and new methods of material processing require replacement of equipment before it is worn-out. Leasing subject to accelerated depreciation enables the solution of these problems at lowest costs.
How leasing tools may be used right now? Consider the suggested order of interaction of the interested parties:
1. Lessee shall determine weak points of the process flowsheet and required equipment, submit specification and price of the equipment to the supplier’s approval and send in an application to Finance Leasing, PC. Finance Leasing, PC shall make calculation of payments and produce them to the Lessee together with the list of documents required for consideration of the application.
2. Lessee shall compare the calculation with reequipment outcome and subject to his previous approval shall produce the documents according to the list to Finance Leasing, PC.
3. Finance Leasing, PC shall elaborate financial and legal schemes of the project, come to an agreement with Investors about the terms, rates and time-tables for provision and paying of funds and produce the offer and draft agreements to the Lessee.
4. Lessee, Finance Leasing, PC, Supplier, Investor and other parties shall sign the corresponding contracts upon harmonization of all project’s specialties.
5. The Parties shall settle their accounts. Lessee shall transfer an advance to the Lessor. Finance Leasing, PC shall pay 100% of the equipment cost to the Suppliers as well as installation and precommissioning works. Upon commissioning of the objects and execution of insurance in favor of the Lessor the Parties shall sign Commissioning statements. Term of lease shall start on that date.
6. Lessee shall transfer leasing payments to the Lessor every month. Upon termination of the leasing period the equipment shall be assigned to the Lessee.
Finance Leasing, PC is a Russian enterprise. It has the largest paid up capital stock amounting to 110 million US dollars among domestic leasing companies. At present, Finance Leasing, PC has successful experience of leasing tools implementation at the Russian enterprises.
Finance Leasing, PC provides for integrated execution of the projects in the scope of industrial equipment modernization subject to all required arrangements.
Finance Leasing, PC is a Russian enterprise. It has the largest paid up capital stock amounting to 110 million US dollars among domestic leasing companies. At present, Finance Leasing, PC has successful experience of leasing tools implementation at the Russian enterprises.
Finance Leasing, PC provides for integrated execution of the projects in the scope of industrial equipment modernization subject to all required arrangements.
Executed projects:
- leasing contract with Lenoblgaz, JSC for boiler equipment at the cost of 110 ml. rubles has been made;
- leasing contract with Geostroy, LC, Saint-Petersburg for drilling equipment at the cost of 17 ml. rubles approx. has been made;
- leasing contract with SPC ORION, FSUE for test electronic equipment at the cost of 5,3 ml. rubles approx. has been made;
- leasing contract with Stroytechnoservice, LC for special transport at the cost of 1,7 ml. rubles has been made.
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