Information agency Credinform has prepared a review of trends in manufacture of refrigerators and ventilation equipment.
The largest companies (ТОP-1000) in terms of annual revenue were selected according to the data from the Statistical Register and the Federal Tax Service for the latest available periods (2014 - 2019). The company selection and analysis were based on data of the Information and Analytical system Globas.
The largest company in terms of net assets is LLC VEZA, INN 7720040225, Moscow region. In 2019 net assets of the company amounted to almost 5,5 billion RUB.
The smallest size of net assets in TOP-1000 had JSC DZERZHINSKHIMMASH, INN 5249014667, Sverdlovsk region, the legal entity is declared insolvent (bankrupt) and bankruptcy proceedings are initiated, 01.12.2017. The lack of property of the company in 2019 was expressed in negative terms -5,6 billion RUB.
For the last six years, the average industry values of net assets showed the decreasing tendency with negative dynamics of growth rates (Picture 1).
For the last six years, the share of ТОP-1000 enterprises with lack of property had the negative growth trend (Picture 2).
In 2019, the total revenue of 10 largest companies amounted to 37% from ТОP-1000 total revenue (Picture 3). This fact testifies the high level of monopolization in the industry.
In general, the growing trend in sales revenue with positive dynamics of growth rates is observed (Picture 4).
Profit and loss
The largest company in terms of net profit is JSC POLAIR-REAL ESTATE, INN 7703721898, Mari El Republic. In 2019 the company’s profit amounted to more than 1,5 billion RUB.
For the last six years, the average profit values show the growing tendency with the negative dynamics of growth rates (Picture 5).
Over a six-year period, the average net profit values of ТОP-1000 show the growing tendency, along with this the average net loss is decreasing (Picture 6).
Main financial ratios
For the last six years, the average values of the current liquidity ratio were higher than recommended values - from 1,0 to 2,0, with growing trend (Picture 7).
Within six years, the growing trend of the average values of ROI ratio is observed (Picture 8).
For the last six years, this business activity ratio demonstrated the decreasing trend (Picture 9).
92% of ТОP-1000 companies are registered in the Unified register of small and medium-sized enterprises of the Russian Federal Tax Service. Herein, their share in TOP-1000 total revenue is 38%, which is significantly higher than the national average value in 2018 – 2019 (Picture 10).
Main regions of activity
TOP-1000 companies are registered in 65 regions of Russia and are unequally located across the country. Almost 49% of the largest enterprises in terms of revenue are located Moscow region and Moscow (Picture 11).
Financial position score
An assessment of the financial position of TOP-1000 companies shows that the largest part have average financial position (Picture 12).
Solvency index Globas
Most of TOP-1000 companies got superior/high and strong/medium Solvency index Globas , this fact shows the ability of the companies to meet their obligations in time and fully (Picture 13).
A complex assessment of the manufacturers of refrigerators and ventilation equipment, taking into account the main indexes, financial ratios and indicators, demonstrates the presence of positive trends within 2014-2019 (Table 1).
|Trends and assessment factors||Relative share, %|
|Dynamics of average net assets value||-10|
|Growth/drawdown rate of average net assets value||-10|
|Increase / decrease in the share of enterprises with negative net assets||-10|
|The level of capital concentration||-10|
|Dynamics of average net profit||10|
|Growth/drawdown rate of average revenue||10|
|Dynamics of average profit (loss)||10|
|Growth/drawdown rate of average profit (loss)||-10|
|Increase / decrease in average net profit of companies||10|
|Increase / decrease in average net loss of companies||10|
|Increase / decrease in average values of current liquidity ratio||5|
|Increase / decrease in average values of ROI ratio||10|
|Increase / decrease in average values of assets turnover ratio, times||-10|
|Share of small and medium-sized businesses by revenue more than 22%||10|
|Financial position (the largest share)||5|
|Solvency index Globas (the largest share)||10|
|Average value of factors||1,2|
favorable trend (factor), unfavorable trend (factor)
Information agency Credinform has prepared a ranking of the largest Russian manufacturers of refrigerators and ventilation equipment. The largest enterprises (TOP-10 and TOP-1000) in terms of annual revenue were selected according to the data from the Statistical Register and the Federal Tax Service for the available periods (2017-2019). Then the companies were ranged by credit period (Table 1). The analysis was based on the data from the Information and Analytical system Globas.
The ratio reflects the process of debt repayment to counterparties; it is calculated for the evaluation of cash flows, which allows to draw conclusions on company’s effectiveness and the chosen financial strategy.
The lower the indicator, the faster the company pays the supplier's bills. An increase in turnover may indicate about the problems with bills payment as well as more effective relationships with suppliers, which provide more profitable, deferred payment schedule and use accounts payable as a source of cheap financial resources.
For the most full and fair opinion about the company’s financial position the whole set of financial indicators and ratios should be taken into account.
|Name, INN, region||Revenue, million RUB||Net profit (loss), million RUB||Credit period, days||Solvency index Globas|
|LLC KONTUR K
INN 6952027776 Tver region
|3 346||3 831||387||139||24,27||21,02||275 Medium|
INN 1215013114 Mari El Republic
|3 563||4 227||199||415||33,36||29,24||184 High|
INN 5017050538 Moscow region
|17 631||19 433||466||786||47,07||50,30||210 Strong|
INN 7720040225 Moscow region
|7 679||9 246||1 043||1 126||43,01||51,72||182 High|
|LLC Frigoglass Eurasia
INN 5752019857 Oryol region
|7 179||9 546||717||1 206||70,85||65,92||218 Strong|
|LLC GEA Grasso Refrigeration
INN 7719217750 Moscow
|3 544||6 021||211||694||135,66||107,55||215 Strong|
|UBC COOL-B LTD
INN 3120083886 Belgorod region
|4 478||3 820||290||77||87,94||112,60||239 Strong|
INN 5074048366 Moscow
|3 095||3 606||1||2||111,26||119,08||281 Medium|
INN 5001000066 Moscow region
|6 182||9 927||863||-633||253,25||194,26||293 Medium|
|JSC URAL PLANT OF CHEMICAL MACHINE-BUILDING
INN 6664013880 Sverdlovsk region
|5 787||5 057||145||36||224,20||230,90||291 Medium|
|Average value for TOP-10 companies||6 248||7 471||432||385||103,09||98,26|
|Average value for TOP-1000 companies||198||200||7||10||299,39||346,76|
growth of indicator in comparison with prior period, decline of indicator in comparison with prior period
The average value of credit period for TOP-10 companies is better than ТОP-1000 value. In 2019, five companies improved the result in comparison with prior period.
Within 6 years, the TOP-1000 average indicators of credit period showed the negative upward trend (Picture 2).