Banking community of the country has put forward an initiative on providing of income information of citizens, contained in databases of the Federal Tax Service and Pension Fund, to credit institutions. The goal is obvious – finding out of financial standing of borrowers, both current, and potential. The process of credit provision is expanding, along with it the debt default risks of bankers are growing, as a result of misestimation of client’s opportunity on service of borrowed loan.
Today the check-out method of a borrower is simple – it is income information, contained in the form of 2-PIT and personal information, which client provides by filling in a questionnaire by a bank officer. Then again, both the first one and the second one – it’s information received from outside. But bankers want to refer by themselves to taxmen and pension fund officers for getting of such materials once a quarter. For now these procedures aren’t anyhow regulated and cannot be carried out lawfully. Besides, it involves a certain difficulty to check the data on employer – because at the other end of the line there could be straw parties or fly-by-night company created in a hurry.
However, all other things equal, if the initiative finds support in governmental authorities, it will increase protection of the credit system from unreliable borrowers.
It remains not clear enough yet, how will be the transfer of personal financial history to third parties, including to commercial organizations, regulated and its use.
Information agency Credinform prepared a ranking of net profit of dry cleaners and laundries in Russia. The companies with highest volume of revenue were selected for this ranking according to data from the Statistical Register for the latest available period (for the year 2012). Then, the first 10 enterprises selected by turnover were ranked by decrease in net profit.
Net profit is a part of the gross proceeds of a company, which remains at its disposal after payment of taxes, duties, contributions and other obligatory payments to the budget. Organization has control over directions of use of net profit. A part of company’s income, meant for distributions to its members, is distributed pro rata with their shares of the authorized capital of this company. Other part is used for increase of current assets of the enterprise, formation of funds and reserves, as well as for re-investments in production.
|№||Name, INN||Region||Net profit for 2012, in mln RUB||Turnover for 2012, in mln RUB||Solvency index GLOBAS-i®|
|1||MASTER KLINING LLC
|2||Passazhir Servis CJSC
|Yaroslavl region||69,81||408||176 (the highest)|
|3||NEMETSKAYA MARKA LLC
|Voronezh region||52,23||292||171 (the highest)|
|7||Mehprachechnaya SvZHD LLC
|Sverdlovsk region||1,22||794||267 (high)|
|8||Kombinat bytovogo obsluzhivaniya Novost OJSC
|9||Fabrika-prachechnaya FANPA OJSC
|Moscow||0,37||101||192 (the highest)|
|Samara region||-10,34||102||235 (high)|
Enterprises, providing their services to government agencies, dominate on the market.
The first place in the ranking list belongs to the company MASTER KLINING LLC, being industry leader on turnover. Good results of its activity are supported by a high solvency index GLOBAS-i®, that characterizes it as financially stable.
The second and the third places of the ranking list belong to Passazhir Servis CJSC and NEMETSKAYA MARKA LLC. In support of good results of their activity companies got the highest and a high solvency index GLOBAS-i® respectively.
Net profit of the largest on turnover dry cleaners and laundries in Russia, TOP-10
All enterprises, presented in the ranking, except AVTOVAZtechbytservis OJSC, showed the value of revenue and net profit at an adequate level. Financial ratios of these companies are also at a good level, that is confirmed by a high and the highest solvency indexes GLOBAS-i®.
Company AVTOVAZtechbytservis OJSC is the only one from the TOP-10 on turnover, which showed negative values of net profit at year end 2012, what means that its management should approach cost planning more rationally. However, to give an estimation of an enterprise, basing only on net profit performances, would be incorrect. Sales profit and before-tax profit are noteworthy for more precise analysis. Basing on a comprehensive assessment, the Agency Credinform assigned a high solvency index GLOBAS-i® to the company.
Now therefore, net profit is the most important indicator for any enterprise. Its value is the result of activity of a business entity. Significant variations of this indicator in dynamics may get investors’ attention. In such case it will be necessary to give detailed explanations about reasons of these changes.