According to the Federal Law of 01.05.2017 N92-FL “On amendments to certain legislative acts of the Russian Federation” entered into force since 01.06.2017, bank licenses are divided into basic and universal. Hence different requirements to minimum amount of own funds or capital were set for banks with universal and basic licenses.
In the instruction of the Central Bank of RF (hereinafter CB RF) of 06.12.2015 N183-I, registered in the Ministry of Justice of RF from 02.03.2018 under №50206, five statutory standard ratios for banks with basic license and their numeric values are set:
|Statutory standard ratio||Minimum permissible numerical value of standard ratio, %||Maximum permissible numerical value of standard ratio, %|
|own funds (capital) adequacy ratio||N1.0||8|
|capital adequacy ratio||N1.2||6|
|current liquidity ratio||N3||50|
|maximum risk per borrower or group of connected borrowers||N6||20|
|maximum risk per person or group of persons connected with the bank||N25||20|
The instruction prescribes daily adherence to set statutory standard ratios.
Territorial offices and authorized subdivisions of the CB RF central office held responsible for supervision over observance of statutory standard ratios by banks.
Control is maintained on the basis of data from banks’ reports, results of inspections and data upon request provided by banks.
Users of the Information and Analytical system Globas have a possibility to get acquainted with activity of all bank and non-bank credit institutions and their branches with active licenses. Information about all credit institutions with revoked licenses and their branches is also available. The system totally contains data on over 6700 banks and about 150 thousand organizations the activity of which is subject to the Central Bank of Russia.
Information agency Credinform represents an overview of trends in the activity of companies in the sphere of packaging production.
Enterprises with the largest volume of annual revenue engaged in the sphere of packaging production (TOP-10 and TOP-1000), were selected for the analysis, according to the data from the Statistical Register for the latest available periods (for 2014, 2015, 2016). The analysis was made on the basis of the data of the Information and Analytical system Globas.
The indicator, reflecting the real value of company's property, is calculated annually as the difference between assets on the enterprise balance and its debt obligations. The indicator of net assets is considered negative (insufficiency of property), if company’s debt exceeds the value of its property.
|№ in TOP-1000||Name, INN, region||Net assets value, mln RUB.*||Solvency index Globas|
|1.|| CJS National Enterprise Naberezhnochelninsky paperboard plant S.P.Titov
Republic of Tatarstan
|5 460||6 458||7 400||148 Superior|
|2.|| JSC TETRA PAK
|3 082||4 931||6 784||177 High|
|3.|| STORA ENSO PACKAGING BB LLC
|2 330||3 233||4 649||148 Superior|
|4.|| Alpla LLC
|1 921||2 707||3 813||136 Superior|
|5.|| ARKHBUM NJSC
|2 088||2 608||3 425||176 High|
|996.|| FIRST FOLDING CARTON PLANT LIMITED
|997.|| POLIPAK LLC
|998.|| KONDROVO PAPER COMPANY PJSC
Process of being wound up, 29.03.2017
|999.|| RUSSKII VINO-VODOCHNYI TREST NJSC
Process of being wound up, 02.11.2016
|1 273||1 278||-2 163||600 Insufficient|
|1000.|| MULTIFLEX NJSC
|-1 277||-2 757||-5 142||320 Adequate|
*) – the indicators of growth or decline to the previous period are marked in columns 4 and 5 with green and red fillings, respectively.
The revenue of 10 industry leaders made 29% of the total revenue of TOP-1000 companies in 2016. It points to a relatively high level of competition in the industry (Picture 2).
In general, there is a trend towards an increase in volume revenue among manufacturers of cardboard package (Picture 3).
Profit and losses
The profit volume of 10 industry leaders in 2016 made 51% of the total profit of TOP-1000 companies (Picture 4).
Industry average profit’s indicators of manufacturers of cardboard package and wooden containers or the ten-year period trend to increase (Picture 5).
Over a three-year period, the average values of profit indicators of TOP-1000 companies tends to increase. The average value of net loss also increases (Picture 6).
Key financial ratios
Over the ten-year period the industry average indicators of the total liquidity ratio were in the range of recommended values – from 1,0 up to 2,0 (Picture 7). In general, the ratio indicator tends to increase.
The total liquidity ratio (the relation of the amount of current assets to short-term liabilities) shows the sufficiency of company’s funds for repayment of its short-term liabilities.
The experts of the Information agency Credinform, taking into account the actual situation both in the economy as a whole and in the sectors, has developed and implemented in the Information and Analytical system Globas the calculation of practical values of financial ratios that can be recognized as normal for a particular industry. For companies in the sphere of packaging production the practical value of the total liquidity ratio made from 1,02 up to 3,00 in 2016.
There has been a decline in indicators of the return on investment ratio (Picture 8) for three years. The ratio is calculated as the relation of net profit to the sum of own capital and long-term liabilities and demonstrates the return on the equity involved in the commercial activity of own capital and the long-term borrowed funds of an organization.
Asset turnover ratio is calculated as the relation of sales proceeds to the average value of total assets for a period and characterizes the efficiency of use of all available resources, regardless of the sources of their attraction. The ratio shows how many times a year a complete cycle of production and circulation is made, yielding profit.
This business activity ratio showed a tendency to increase for three-year period (Picture 9).
The largest share in the total revenue of TOP-1000 is owned by companies, specializing in the manufacture of plastic products for packaging of goods (Picture 10).
Main regions of activity
TOP-1000 companies are unequally distributed across the Russian territory and registered in 70 regions (Picture 11).
Financial position score
An assessment of the financial position of companies in the industry shows that the largest number is in a stable financial position and above the average (Picture 12).
Solvency index Globas
Most of TOP-1000 companies got Superior/High or Medium Solvency index Globas, that points to their ability to repay their debts in time and fully (Picture 13).
Thus, a comprehensive assessment of the activity of companies in the sphere of packaging production, taking into account the main indices, financial indicators and ratios, points to the presence of multidirectional trends, depending on the specialization of production. In general, relative stability is observed in the industry.