Due to changes in the sphere of taxation in the Northwestern Federal District, 21 644 entrepreneurs went into liquidation by their own initiative within the first two months of 2013 – that is 6% of the total number of operating individual entrepreneurs (IEs) in NWFD. Similar situation in the region occurred with farms – over 6% of the total number of farms disappeared within two months of 2013.
IA Credinform experts suppose that the biggest number of IE’s liquidations will be in the industries that require the work of wage-labourers – these are the services in catering, as well as minor construction and assembling works. Rather big number of entrepreneurs, who decided to terminate their activity, is also expected in the retailing sector. It is the increase in pension contributions for wage-labourers and for “themselves”, which is the main factor that impels small businesses to phase down production. In the small business, only those entrepreneurs will remain, who gained a stable market niche, for example, individual entrepreneurs who have chain supermarkets.
In current situation, individual entrepreneurs should carefully develop their tax policy in order to optimize budgetary payments and calculate the tax burden even in the process of establishing the business. Those entrepreneurs, who decided that such scheme would be unprofitable for them, went into liquidation at the end of 2012 and in the first months of 2013. The entrepreneurs, who did not conduct business in fact and did not provide necessary reporting, also decided officially to stop their activity. Thereby, the affect of increase in charges today may be already called a fading one. There remains a question, whether the entrepreneurs, who decided to work in shadow, would return after the change of tax rates.
It is remarkable, that according to GLOBAS-i system data, currently, there is a practically equal number of men and women registered in Russia as IE. Among entrepreneurs, around 56% are men and 44% are women. In the future, the share of women among entrepreneurs is expected to grow till 50%.
By the data of Informational and Analytical system Globas-i, 44 160 companies are registered in Russia, which are working at the travel agencies activity field. Among them only 1 500 organizations provided financial statement for 2011 to the Rosstat - the last reporting period.
Proceeding from the financial statements, the size of the tourist services market in Russia for 2011 makes more than 54 billion rub. In last reporting period (2010) this index was on mark in 37 bln rub. It has changed on 47%. However the net profit of travel agencies in 2011 decreased on 52% (340 mln rub.). Reduction of the net profit size during increasing in volumes of sales can speak about decreasing of industry’s efficiency functioning, including falling of sales profitability, which reflects ability of the company to supervise the expenses.
According to the Informational Agency Credinform most of the companies (44%), which are working at travel industry and provided financial statement for 2011, have satisfactory solvency index in Globas-i. Change of the economic situation can have the considerable impact on execution of their debt obligations. However there are also a lot of companies in this industry in Russia which have high solvency index (42%). Risk of failure to meet their financial obligations at such organizations is insignificant. Low solvency index was assigned to 11% of companies who filed financial reports. This group has high dependence not only on change of the economic situation, but also on borrowed funds. Unfortunately, in Russia there are very few travel companies which have the highest index – only 3%. In terms of cooperation, receiving profit and minimization of risks, the enterprises of this group would be the most attractive for investment and contracting.
|№||Name||INN||Turnover, ths RUB, 2011||Net profit, ths RUB, 2011||Solvency index|
|1||"FIRM NEVA" CJSC||7813034418||3 684 068,00||401,00||255 (high)|
|2||Versa Ltd||7802137274||3 392 209,00||10 993,00||223 (high)|
|3||SOLVEKS-TURNE LLC||7813080157||2 514 081,00||2 228,00||217 (high)|
|4||South Cross Travel LLC||7707650655||2 169 558,00||4 871,00||257 (high)|
|5||ACADEMSERVICE LTD||5024053441||1 766 151,00||5 239,00||241 (high)|
|6||Limited liability company "VODOHOD"||7707511820||1 748 113,00||24 314,00||260 (high)|
|7||"SIRENA-TRAVEL" JOINT STOCK COMPANY||7714171484||1 212 948,00||437 080,00||153
|8||CJSC AgentstvoDAVS||7704524814||631 860,00||45 258,00||173
|9||OJSC Intour-Khabarovsk Khabarovsk foreign tourism and commerce company||2702032046||615 755,00||11 364,00||204 (high)|
|10||LLC Interkom||7708676102||606 822,000||76 531,00||284 (high)|
By the results of 2011 the positive tendency was also outlined: in selection of working travel agencies there are no companies with unsatisfactory solvency index, in case of which cooperation with such companies is recommended to be rejected.
The main revenue part of Russian travel agencies is received by sending citizens abroad. In accordance with the Rosstat data in 2012 for the purpose of tourism Russians made 15,332 million trips and this is more than in 2011 on 5,8%. However, having compared the growth of citizens’ foreign tourist trips in previous years, it is possible to make a conclusion that in 2012 the interest to foreign tourism was low. For example, in comparison with 2010 in 2011 the growth was 15%, in 2010 relatively to 2009 – 32%.
Such development of travel market some experts explain by lowering of purchasing power of the population. Among possible reasons it is possible to mention the increasing of travel tour cost in 2012, which reduced demand on the mass directions. The growth of travel tour cost was caused by more attentive approach of tour operators to pricing questions. After record quantity of the bankruptcies which were marked last year in the tourist market, experts noted lowering of dumping wars activity, therefore the quantity of last-minute tours decreased.
It is interesting, that maximal growth of trips abroad relatively 2011 showed UAE. The number of travelers from Russia increased on 39%. Turkey, despite the maximum indexes of tours quantity, lost 6% relatively indexes of 2011. Indexes across Finland became rather unexpected: country visit for the purpose of tourism decreased on 44% in 2012. Most likely it is connected with entrance redistribution on the arrival purposes. Russians, entering by multi-visas to do shopping, began to specify the arrival purpose "private", instead of "tourist".
The main problem of the previous season remained bankruptcies of tour operators and travel agencies. In order to avoid similar mass cases since this year except expenditures on insurance operators will pay contributions to fund of the emergency help to tourists. The annual contribution will make 0,1% from turnover, but not less than 100 000 RUB. However there is open question, whether all the travel agencies will be able to pay such amount without prejudice to business and how it will affect on the price of travel products.