Mission is to facilitate the renewal of the agricultural machinery and equipment in the Republic of Kazakhstan by providing the quality and competitive leasing services.
In its turn, the Ministry of Agriculture of the Republic of Kazakhstan is a Sole Shareholder of the Holding. The Company carries out its activity based on the Law of the Republic of Kazakhstan ‘On Joint Stock Companies’ and in accordance with the best corporate management practice. The Company serves for the benefit of the Sole Shareholder, is accountable to the Sole Shareholder and the Board of Directors.
The Company is financing the implementation of the new advanced technology productions with the complete production cycle for supplying with the equipment from the key world manufacturers.
Activities. To implement statutory objectives the Company carries out the following activities:
1) leasing activity in the agricultural industry;
2) crediting and other activities that meet the goals and objectives of the Company and not prohibited by the legislative instruments;
3) participation in implementing the Republican Budget and other programs aimed at the development of agro-industrial complex.
In all regions of Kazakhstan the company is represented by 14 branches. The Company has no subsidiaries.
Presence of Ratings.On 02 May 2017 Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRs) of KazAgroFinance JSC at 'BB+' and revised the Outlooks to Negative from Stable.
Number of shares: 82 837 204
Nominal value of one share: KZT 1 000.
Number of employees: 433
License by the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations for carrying out the national currency transactions stipulated by the Banking Law of the Republic of Kazakhstan obtained on March 31, 2006.
Quality Management System
Creation in the Company of an effective quality management system complying with the current requirements is stipulated by the Company’s internal needs in development, optimization and automation of core business processes, as well as promotion of the consumers’ satisfaction.
The purpose of the quality management system is to ensure the sustainable competitive advantages of the Company at the financial services market in the agricultural sector in accordance with the Company’s Mission and Quality Policy.
In 2008, KazAgroFinance JSC successfully passed the certification of the Quality Management System according to ISO 9001:2008.
In 2014, the Company passed the re-certification having proved the compliance and functioning of the quality management system with ISO 9001:2008, which is proved by the Certificate.
The Company continuously maintains and improves the quality management system in banking loan and leasing operations.
|UANTITY OF DECLARED ORDINARY SHARES:||82 837 204 shares|
QUANTITY OF OUTSTANDING ORDINARY SHARES:
||82 837 204 shares|
PAR VALUE OF 1 ORDINARY SHARE:
OFFER PRICE PER 1 SHARE:
WAY OF PAYMENT OF THE ISSUER’S SHARES:
The Issuer’s shares were paid in cash.
AMOUNT OF FUNDS RAISED FROM PLACEMENT OF THE ISSUER’S SHARES:
||KZT82 837 204 000.|
As of September 30, 2016 the total number of declared and paid-up ordinary shares is 82.837.204 (December 31, 2015: 82.837.204 shares) at offer price of KZT 1.000. During the accounting period, there have been not any changes. The owner of one ordinary share has one vote and equal right to receive dividends. The Company’s Sole Shareholder is Joint Stock Company “National Managing Holding “KazAgro”. The ultimate owner of KazAgro is the Government of the Republic of Kazakhstan.
Chronology of development of "KazAgroFinance" JSC
1999 - Resolution of the Government of the Republic of Kazakhstan on Establishment of "KazAgroFinance" JSC.
2000 - First experience in leasing of the foreign agricultural machinery.
2003-2005 - Creation of the first machine and tractor stations. Active participation of the Company in the large scale Governmental Program "Year of Aul", start of financing of the processing sector. KZT27.2 milliard was allocated under the line of "KazAgroFinance" JSC for the agricultural sector development.
2006 - "KazAgroFinance" JSC became the integral part of the newly established National Managing Holding "KazAgro"; the Company was awarded the status "Financial Agency".
2007 - Implementation of leasing of the pedigree cattle for the dairy farms, starting the implementation of the projects for creation of the high-tech industrial greenhouses.
2008 - Creation of the intensive orchards, construction of the fish processing plants.
2009 - Year of starting the implementation of the large investment projects.
2011 - For the first time the elite animals for the pedigree reproducers (farms) are leased. The Company becomes the participant of the breakthrough program "Cattle Meat Export Potential Development".
2012 - "KazAgroFinance" JSC is the key financial operator of the agricultural projects on the Map of Industrialization. The potential volume of the investments is KZT64.3 milliard.
2013-2015 - Implementation of projects within the framework of realization of Agribusiness 2020 Program on Kazakhstan’s Agro-Industrial Complex Development.