Through the Federal law from 07.08.2001 № 115-FL «On counteracting the legalization (laundering) of proceeds received by criminal way and terrorism financing», credit institutions will receive data on accounts of companies and individual entrepreneurs in third party banks in the forthcoming summer. This data will be provided by the Federal Tax Service (FTS) through the system of interdepartmental online interactions on a round-the-clock basis.

Such kind of data is necessary for credit institutions at companies check in accordance with Art. 7 «Rights and obligations of organizations engaged in cash transactions» of the mentioned Federal law, as well as at shell companies identification and assessment of would-be borrowers at lending.

For example, information about accounts in other banks may indicate the fact of company’s virtual operating. This is one of the signs of trustworthiness. According to the experts, transparentizing of clients’ activity to banks can accelerate the opening of accounts, consideration of applications for credit and upgrading the outstanding credits monitoring.

In the future, increased competition on the corporate funds market will probably take place.

For reference
According to the Central Bank of RF, the volume of loans, deposits and other placed funds granted to organizations, individuals and banks in roubles is ever-increasing (Picture 1).

Picture 1. Loans, deposits and other placed funds granted to organizations, individuals and credit institutions for 2010 — 2017

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.

Information Agency Credinform Credinform has prepared the review of trends in activity of the largest companies of the real economy sector of Sverdlovsk region.

The largest enterprises (TOP-10 and TOP-1000) in terms of annual revenue were selected according to the data from the Statistical Register for the latest available periods (2014-2016). The analysis was based on data of the Information and Analytical system Globas.

Net assets are the indicator, reflecting the real value of company’s property. It 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.

^* — growth/decline indicators in comparison with prior period are marked green and red in columns 4 and 5 respectively.

Picture 1. Change in average net assets value of the largest companies of the real economy sector of Sverdlovsk region in 2014 — 2016

Sales revenue

In 2016 total revenue of 10 largest companies amounted to 26% from TOP-1000 total revenue (Picture 2).

Picture 2. Shares of TOP-10 companies in TOP-1000 total revenue for 2016

The increase in sales revenue is observed (Picture 3).

Picture 3. Change in average revenue of the largest companies of the real economy sector of Sverdlovsk region in 2014 — 2016

Profit and loss

In 2016, profit of 10 largest companies amounted to 54% from TOP-1000 total profit (Picture 4).

Picture 4. Shares of TOP-10 companies in TOP-1000 total profit for 2016

For the three-year period, the average revenue values of TOP-1000 companies show the growing tendency and the average net loss decreases (Picture 5).

Picture 5. Change in average profit/loss of the largest companies of the real economy sector of Sverdlovsk region in 2014 — 2016

Main financial ratios

Current liquidity ratio (ratio of total working capital to short-term liabilities) shows the sufficiency of company’s assets to meet short-term obligations.

For 2015 — 2016 period the average values of current liquidity ratio of TOP-1000 were higher than recommended values — from 1,0 to 2,0 with the growing tendency (Picture 6).

Picture 6. Change in average values of current liquidity ratio of the largest companies of the real economy sector of Sverdlovsk region in 2014 — 2016

The ROI ratio is calculated as a ratio of net profit to sum of stockholder equity and long-term liabilities and shows the return from equity involved in commercial activities and long-term borrowed funds.

For the three-year period, the increasing tendency of ROI ratio is observed (Picture 7).

Picture 7. Change in average values of ROI ratio of the largest companies of the real economy sector of Sverdlovsk region in 2014 — 2016

Assets turnover ratio is the ratio of sales revenue and company’s average total assets for a period. It characterizes the effectiveness of using of all available resources, regardless the source of their attraction. The ratio shows how many times per year the full cycle of production and circulation is performed, generating the corresponding effect in the form of profit.

For the three-year period, this business activity ratio demonstrated the downward trend (Picture 8).

Picture 8. Change in average values of assets turnover ratio of the largest companies of the real economy sector of Sverdlovsk region in 2014 — 2016

Production and services structure

The largest share in TOP-1000 total revenue take companies engaged in metallurgical production and wholesale trade (Picture 9).

Picture 9. Distribution of activities in TOP-1000 total revenue, %

53% of TOP-1000 companies are registered in the Register of Small and Medium-Sized Business Entities of Federal Tax Service of the Russian Federation, among them 26% have status of medium-sized enterprises, 27% are classified as small enterprises and less than 1% are referred to microenterprises.

Financial position score

The assessment of company’s financial position shows that more than a half of companies have stable or above average financial position (Picture 10).

Picture 10. Distribution of TOP-1000 companies by financial position score

Solvency index Globas

The majority of TOP-1000 companies have 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 11).

Picture 11. Distribution of TOP-1000 companies by solvency index Globas

Conclusion

Hereby, the complex assessment of the largest real economy companies of Sverdlovsk region, taking into account main indexes, financial ratios and indicators, demonstrates the denomination of favorable trends.