The Central Bank of Russia has developed and implemented new public service for natural persons and other borrowers. Now data from the Central Catalogue of Credit Histories is available at the Public Services Portal of the Russian Federation.

To make an inquiry as a natural person, passport data and individual insurance account number (SNILS) are required. The Central Bank will send to the user’s account the data on bureau keeping credit histories, including name, address and phone.

Obtaining the credit history itself is possible by showing passport in bureau and banks or online on their websites. Once a year, this service is cost-free.

Note, that since January 31, 2018, the amendments to the Federal law no 218-FL”On credit histories” dated December 30, 2004 have come into force. Following these amendments, the borrowers, including natural persons, can make a free-cost query twice a year or unlimited number of chargeable queries on credit reports through credit institutions having agreements for information services with credit bureaus. This can be carried out in the form of electronic documents signed with ordinary or enhanced unqualified electronic signature.

Our publication as of December 5, 2017 contains detailed answer on a popular question: How to get information from the counterparty’s credit history?

According to the State Register of Credit Bureaus of the Central Bank of the Russian Federation, currently there are 13 operating credit bureaus in Russia. Comprehensive information on their activities is available for the users of Information and Analytical System Globas.

Information agency Credinform represents the ranking of the largest Russian travel companies. The enterprises with the largest volume of annual revenue (TOP-10) involved in tourist activity were selected for the ranking, according to the data from the Statistical Register for the latest available periods (for 2014 – 2017). Then they were ranked by solvency ratio (Table 1). The analysis was made on the basis of the data of the Information and Analytical system Globas.

Solvency ratio (х) is calculated as the relation of the amount of equity capital to balance sum and shows company's dependence on external loans.

Recommended value is: >0,5. The ratio value below the minimum recommended limit means a dependence on external sources of financing that may adversely impact liquidity and lead to an unstable financial situation of the company in case of a worsening economic situation. The experts of the Information agency Credinform,taking into account the actual situation both in the economy as a whole and in the sectors, has developed and implemented in the Information and Analytical system Globas the calculation of practical values of financial ratios that can be recognized as normal for a particular industry. For travel companies industry average practical values of the solvency ratio made from 0,00 up to 1,00 in 2017 (Table 1).

For getting of the most comprehensive and fair picture of the financial standing of an enterprise it is necessary to pay attention to all combination of indicators and financial ratios.

Table 1. Net profit, revenue, solvency ratio, solvency index Globas of the largest Russian travel companies (TOP-10)

Name, INN, region, type of activity	Sales revenue, bln RUB		Net profit (loss), bln RUB		Solvency index (x), >0,5		Solvency index Globas
	2016	2017	2016	2017	2016	2017
1	2	3	4	5	6	7	8
VODOHOD LLC INN 7707511820 Moscow Activity of travel agencies and tour operators	3,554	3,889	0,416	0,252	0,71	0,72	192 High
Meridian Company Limited INN 5042054053 Moscow region Activity of travel agencies	2,044	1,891	0,002	0,002	0,07	0,43	224 Strong
LLC Internet Travel INN 7705859041 Moscow Activity of travel agencies	1,213	1,233	0,208	-0,051	0,41	0,33	279 Medium
Club Med Russia LLC INN 7705549346 Moscow Activity of travel agencies	1,085	1,337	0,050	0,064	0,17	0,23	254 Medium
CITY BOOKING & TRAVEL CENTRE, TRADING HOUSE, LLC INN 5003103814 Moscow region Activity of travel agencies	0,769	1,059	0,012	0,010	0,18	0,22	243 Strong
AEROKLUB TUR LLC INN 7702520780 Moscow Activity of travel agencies	1,070	1,121	0,014	0,019	0,19	0,17	209 Strong
AEROCLUB LLC INN 7729096230 Moscow Other reservation services and related activities	2,090	2,408	0,022	0,028	0,14	0,14	215 Strong
S 7 TRAVEL RETAIL LLC INN 7701607660 Moscow Activity of travel agencies	1,963	2,311	0,253	0,379	0,09	0,12	193 High
Hotelbook-Service LLC INN 7709878038 Moscow Activity for the provision of travel services related to reservation	0,805	1,064	0,002	0,002	0,006	0,01	227 Strong
ACADEMSERVICE LTD INN 5024053441 Moscow region Activity of travel agencies	4,728	5,098	0,000	0,005	0,01	0,01	197 High
Total by TOP-10 companies	19,321	21,412	0,980	0,710
Average value by TOP-10 companies	1,932	2,141	0,098	0,071	0,20	0,24
Industry average value	0,007	0,009	0,00031	0,00022	0,07	0,14

— improvement of the indicator to the previous period, — decline in the indicator to the previous period.

The average value of the solvency ratio of TOP-10 enterprises is above the industry average indicator and fits within the range of practical values. In 2017, seven companies from the TOP-10 list improved indicators compared with the previous period.

Picture 1. Solvency ratio and revenue of the largest Russian travel companies (TOP-10)

For ten years, the industry average indicators of the solvency ratio tend to decrease (Picture 2).

Picture 2. Change in industry average values of the solvency ratio of Russian travel companies in 2008 – 2017