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AK Corvette AO (Russia)

Main Activities: Engine, Turbine, and Power Transmission Equipment Manufacturing
Full name: Aktsionernaya Kompaniya Corvette AO Profile Updated: October 30, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English & Russian Download a sample report

AK Korvet OAO is а leading manufacturer of valves for the shipbuilding industry in the USSR. Starting back in 1991, after a successful conversion program, launched production of wide range of products for the oil, gas and petrochemical industries including equipment for oil and gas wells, manifolds, valves and pipe fittings. This was accomplished implementing the gained experience and the high-tech production capabilities. In recent years, a large reconstruction and technical re-equipment of production facilities was done, also of engineering offices and research laboratories. The favourable geographical location helps Korvet to supply oil and gas companies in the Northern and Southern parts of Russia, also the CIS countries. The main groups of equipment offered are: fountain fittings, pipe fittings, manifolds, tanks. The company supports licenses of the American Petroleum Institute (API) for the right to release wells equipment and valves. Since 1996, new quality management system has been implemented in accordance with the international ISO 9001.

Headquarters
Ulitsa Burova-Petrova, Stroenie 120
Kurgan; Kurgan Oblast; Postal Code: 640027

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Website: http://korvet-jsc.ru

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
March 16, 1992
Key Executives
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Chief Executive Officer
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Chief Financial Officer
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Chairman of the Supervisory Board
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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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28.22%
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27.43%
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16.59%
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16.59%
Subsidiaries
Llc Kargapolskiy Mashinostroitelnyy Zavod
100%
Llc Shumikhinskoye Mashinostroitelnoye Predpriyatiye
100%
Llc Liteynyy Tsentr
50%
Company Performance
Financial values in the chart are available after AK Corvette AO report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency RUB. Absolute financial data is included in the purchased report.
Net sales revenue
-3.55%
Total operating revenue
-3.55%
Operating profit (EBIT)
-79.36%
EBITDA
-60.54%
Net Profit (Loss) for the Period
-83.01%
Total assets
-2.54%
Total equity
3.98%
Operating Profit Margin (ROS)
-13.61%
Net Profit Margin
-11.18%
Return on Equity (ROE)
-19.62%
Debt to Equity Ratio
10.73%
Quick Ratio
0.34%
Cash Ratio
-0.05%

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