Information agency Credinform has prepared a review of activity trends of the largest Russian petrol retailers.
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 GAZPROMNEFT - TSENTR, INN 7709359770, Moscow. In 2019 net assets of the company amounted to more than 45 billion RUB.
The smallest size of net assets in TOP-1000 had LLC NEW PETROL TYUMEN, INN 7203254282, Tyumen region, the legal entity is declared insolvent (bankrupt) and bankruptcy proceedings are initiated, 18/12/2020. The lack of property of the company in 2019 was expressed in negative terms -9,4 billion RUB.
For the last ten years, the average industry values of net assets showed the growing tendency with negative dynamics of growth rates (Picture 1).
For the last six years, the share of ТОP-1000 enterprises with lack of property is decreasing (Picture 2).
In 2019, the total revenue of 10 largest companies amounted to 59% from ТОP-1000 total revenue (Picture 3). This fact testifies the high level of monopolization in the retail market of petrol.
In general, the growing trend in sales revenue with negative dynamics of growth rates is observed (Picture 4).
Profit and loss
The largest company in terms of net profit is LLC GAZPROMNEFT - TSENTR, INN 7709359770, Moscow. In 2019 the company’s profit amounted to more than 382 billion RUB.
For the last ten years, the average profit values show the growing tendency (Picture 5).
Over a six-year period, the average net profit values of ТОP-1000 show the decreasing tendency, along with this the average net loss is growing (Picture 6).
Main financial ratios
For the last ten years, the average values of the current liquidity ratio were within the recommended values - from 1,0 to 2,0, with growing trend (Picture 7).
Within ten years, the downward trend of the average values of ROI ratio is observed (Picture 8).
For the last ten years, this business activity ratio demonstrated the growing trend (Picture 9).
90% 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 9,8%, which is significantly lower than the national average value in 2018 – 2019 (Picture 10).
Main regions of activity
TOP-1000 companies are registered in 80 regions of Russia and are unequally located across the country. Almost 48% of the largest enterprises in terms of revenue are located Moscow and Republic of Bashkortostan (Picture 11).
Financial position score
An assessment of the financial position of TOP-1000 companies shows that the largest part have above 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 activity of the largest Russian petrol retailers, taking into account the main indexes, financial ratios and indicators, demonstrates the presence of positive trends within 2010-2019 (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|
|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||10|
|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)||10|
|Solvency index Globas (the largest share)||10|
|Average value of factors||1,3|
favorable trend (factor), unfavorable trend (factor)
Decree of the Government of the Russian Federation of November 30, 2020 No. 1969 amended the procedure for conducting annual scheduled inspections of legal entities and sole entrepreneurs in 2021.
- remote inspections using audio or video communication are allowed;
- starting from July 1, 2021, inspection visits may replace the scheduled on-site inspections included in the annual plan for 2021. The decision on this must be made no later than 20 working days before the date of the start of the audit;
- the period for scheduled inspections starting after June 30, 2021 cannot exceed 10 working days, taking into account the specifics of calculating the deadlines established by legislation;
- scheduled inspections of small businesses, information about which is contained in the Unified Register, is not included in the annual inspection plan. The exceptions are inspections of persons with a high level of risk, inspections aimed at license control, etc.
It should be recalled that the Article 70 of the Federal Law of July 31, 2020 No. 248-FL "On state control (supervision) and municipal control in the Russian Federation" determines an inspection visit as a control or supervisory measure carried out by interacting with specific controlled persons, owners or users at the location of production facilities, including branches, representative offices, and separate structural units.
The inspection visit involves examinations, interviews, instrumental examinations, obtaining written explanations, and requesting documents.
It is carried out within one working day without prior notification of controlled persons and owners, who are obliged to ensure unhindered access of controllers to buildings, structures and premises.
The subscribers of the Information and Analytical system Globas have access to complete information about all scheduled and unscheduled inspections of a particular organization containing in the section "Inspections' plan of supervisory authorities" of the company’s report.