Information agency Credinform has prepared a review of trends in activity of the largest Russian hotels.
The largest companies (ТОP-10 and ТОP-1000) in terms of annual revenue were selected according to the data from the Statistical Register for the latest available periods (2015 - 2017). The analysis was based on data of the Information and Analytical system Globas.
|Position in ТОP-1000 Name, INN, region||Net assets value, billion RUB||Solvency index Globas|
|1 LLC EKOLOGO-TURISTICHESKII TSENTR V PARKOVOM
INN 9103016009 Republic Of Crimea
|2 LLC PROMETEY-CITY
INN 7702648726 Moscow
|3 PAO HOTEL COSMOS
INN 7717016198 Moscow
|4 VISIT- MOSCOW, LTD
INN 7703026485 Moscow
|5 NAO LOTTE RUS
INN 7704169180 Moscow
|996 LLC HOTEL DEVELOPMENT COMPANY
INN 6658383040 Sverdlovsk region
|997 NAO Krasnaya polyana
INN 2320102816 Krasnodar region
|998 LLC InvestGroup-Hotel
INN 7724654956 Krasnodar region
Сase on declaring the company bankrupt (insolvent) is proceeding
|999 LLC YUG-NOVYI VEK
INN 2320092269 Krasnodar region
|1000 SKI RESORT DEVELOPMENT COMPANY ROSA KHUTOR LLC
INN 7702347870 Moscow
— growth of the indicator to the previous period, — decline of the indicator to the previous period.
For the last five years, the average values of TOP-1000 net assets showed the downward trend (Picture 1).
For the last three years, the share of ТОP-1000 enterprises with lack of property are relatively at a high level and showed the downward trend (Picture 2).
In 2017, the total revenue of 10 largest companies amounted to 16% from ТОP-1000 total revenue (Picture 3). This fact testifies high level of competition within industry.
In general, for the last ten years, the downward trend in average revenue is observed (Picture 4).
Profit and loss
In 2017 profit of 10 largest companies amounted to 27% from TOP-1000 total profit (Picture 5).
For the last ten years, the average profit values show the downward trend (Picture 6).
Over a three-year period, the average net profit values of ТОP-1000 show the increasing tendency, along with this the average net loss is decreasing (Picture 7).
Main financial ratios
For the last ten years, since 2014 the average values of the current liquidity ratio were lower than the recommended values - from 1,0 to 2,0, with downward trend (Picture 8).
For the last ten years, the average values of ROI ratio with downward trend were observed (Picture 9).
For the last ten years, this business activity ratio demonstrated the downward trend (Picture 10).
The largest share of ТОP-1000 total revenue is occupied by the enterprises engaged in activities of hotels and other places of temporary accommodation (Picture 11).
73% of ТОP-1000 companies are registered in the Unified register of small and medium-sized enterprises of the Russian Federal Tax Service. Herein, in 2017 their share in TOP-1000 total revenue amounted to 35%, which is significantly higher than the average index for the country (Picture 12).
Main regions of activity
ТОP-1000 companies are unequally located across the country and registered in 77 regions of Russia. The largest enterprises in terms of revenue are located in Moscow and St. Petersburg (Picture 13).
Financial position score
An assessment of the financial position of TOP-1000 companies shows that more than a half of them have average financial position (Picture 14).
Solvency index Globas
Most of TOP-1000 companies got superior/high or strong/medium Solvency index Globas, this fact shows the ability of the companies to meet their obligations in time and fully (Picture 15).
A complex assessment of activity of the largest Russian hotels, taking into account the main indexes, financial ratios and indicators, demonstrates the presence of negative trends (Table 2).
|Trends and assessment factors||Relative share, %|
|Growth/drawdown rate of average net assets value||-10|
|Increase / decrease in the share of enterprises with negative net assets||5|
|Growth/drawdown rate of average revenue||-10|
|Competition/ monopolization level||10|
|Growth/drawdown rate of average net profit (loss)||-10|
|Increase / decrease in average net profit of companies||10|
|Increase / decrease in average net loss of companies||5|
|Increase / decrease in average values of current liquidity ratio||-10|
|Increase / decrease in average values of ROI ratio||-10|
|Increase / decrease in average values of assets turnover ratio||-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||-1,1|
— favorable trend (factor), — unfavorable trend (factor).
In 2018 and in the beginning of 2019 amendments regarding state registration of LLC and Individual Entrepreneurs (IE) have come into force. We offer a brief review of changes.
- It is possible to register IE or LLC both filing documents to the tax authorities and with the help of multifunctional centers (MFC). Since 2018 the Federal Tax Service (FTS RF) and MFC began cooperation in electronic form and from the beginning of 2019 terms of the state registration have been reduced and now are the same as via filing to the FTS authorities.
- According to the par.3 of the art.11 of the Federal Law from 08.08.2001 №129-FL «On state registration of legal entities and individual entrepreneurs» while filing documents for business registration to the tax authorities it is necessary to enter an e-mail address. Following the results of application processing, documents, signed by enhanced qualified electronic signature, will be sent on referenced e-mail address or address contained at the register. The documents can be received also in paper form, but it is necessary to file a request to register authority of the FTS.
- Earlier, regardless of the reason of registration denial, refiling of documents was expected to pay stamp duty once again. Now it is acceptable to file documents again without paying stamp duty second time during 3 months after the date of decision on registration denial. It is no need to file repeatedly documents, filed to the tax authorities earlier and containing no mistakes.
- From the beginning of 2019 it is possible to register business without paying stamp duty, if filing documents in electronic form with enhanced qualified electronic signature.
According to the Federal Tax Service of Russia, 17415 newly established legal entities and 58574 individual entrepreneurs and peasant farm enterprises were registered in January 2019. Information about the above mentioned entities and all business entities, including archive data, is fully available for subscribers of the Information and Analytical system Globas.