Information agency Credinform represents a review of activity trends among the largest companies engaged in provision of the auxiliary financial services.
The companies with the highest annual revenue (TOP 1000) engaged in financial intermediation - trading on stock, commodity, currency, currency and stock exchanges, brokerage, fund management, etc. - were selected for the ranking, according to the data from the Statistical Register and the Federal Tax Service for the latest available periods (2011 – 2020). The selection and analysis of companies were based on the data of the Information and Analytical system Globas.
The largest company in term of net assets is ASSOCIATION OF FINANCIAL MARKET PARTICIPANTS NON-PROFIT PARTNERSHIP OF FINANCIAL MARKET DEVELOPMENT RTS, INN 7712095220, Moscow, activities to ensure the efficiency of the functioning of financial markets. In 2020, net assets value of the company exceeded 16 billion RUB.
The lowest net assets value among TOP 1000 belonged to LLC RVVT-FINANS, INN 7703662787, Moscow, activities auxiliary to financial services, excluding insurance and retirement benefits; the legal entity is in liquidation since 25.08.2016. In 2020, insufficiency of property of the enterprise was indicated in negative value of -7 billion RUB.
Covering the ten-year period, the average net assets values of TOP 100 have a trend to increase (Picture 1).
Over the past five years, the share of companies with insufficient property had no trend to decrease (Picture 2).
In 2020, the revenue volume of ten largest companies exceeded 53% of total TOP 1000 revenue (Picture 3). This is indicative of a high level of monopolization in the industry.
In general, there is a trend to decrease in revenue and its growth rate (Picture 4).
Profit and loss
In 2020, the largest organization in term of net profit is JSC RUSAGRO GROUP, INN 5003077160, Tambov region, securities management. The company’s profit was near 12 billion RUB.
Covering the ten-year period, there is a trend to decrease in average net profit (Picture 5).
For the five-year period, the average net profit values of TOP 1000 have the increasing trend with the increasing net loss (Picture 6).
Key financial ratios
Covering the ten-year period, the average values of the current liquidity ratio were mainly within the recommended one - from 1,0 to 2,0 with a trend to decrease (Picture 7).
Covering the ten-year period, the average values of ROI ratio had a trend to increase basically due to the results achieved in 2017-2018 (Picture 8).
Covering the ten-year period, business activity ratio demonstrated the decreasing trend (Picture 9).
88% of companies included in TOP 1000 are registered in the Register of small and medium-sized enterprises of the Federal Tax Service of the Russian Federation. In 2020, their share in total revenue of TOP 1000 is more than 35%, much higher than the average country values in 2018-2019 (Picture 10).
Main regions of activity
Companies of TOP 1000 are registered in 77 regions of Russia, and unequally located across the country. Over 65% of companies largest by total 2020 revenue are located in Moscow and Moscow region (Picture 11).
Financial position score
Assessment of the financial position of TOP 1000 companies shows that the majority of them have average financial position (Picture 12).
Complex assessment of activity of companies engaged in activities auxiliary to financial services, taking into account the main indexes, financial ratios and indicators, demonstrates the prevalence of negative trends in 2011 - 2020 (Table 1).
|Trends and evaluation factors||Relative share of factors, %|
|Dynamics of the average net assets value||5|
|Rate of growth (decrease) in the share of companies with negative net assets||5|
|Level of competition / monopolization||-10|
|Dynamics of the average revenue||-10|
|Rate of growth (decrease) in the average size of revenue||-10|
|Dynamics of the average profit (loss)||-10|
|Growth / decline in average values of companies’ net profit||10|
|Growth / decline in average values of companies’ net loss||-10|
|Increase / decrease in average values of total liquidity ratio||-5|
|Increase / decrease in average values of return on investment ratio||5|
|Increase / decrease in average values of asset turnover ratio, times||-10|
|Share of small and medium-sized businesses in terms of revenue being more than 20%||10|
|Financial position (the largest share)||5|
|Solvency index Globas (the largest share)||5|
|Average value of relative share of factors||-2,0|
positive trend (factor), negative trend (factor)
According to the Information and Analytical system Globas, there are 3,1 million operating legal entities in Russia as of August 1, 2021.
We bring to your attention a few of the most important facts that will help you compose an overview of Russian companies.
1. General structure
The majority of the operating legal entities counts for commercial organizations - 2.5 million or 81%. The most common legal form is a limited liability company. The number of registered LLC is 2.4 million. Joint stock companies are a less spread legal form. 48.7 thousand joint-stock companies are registered in Russia, including 41.6 thousand non-public and 6.5 thousand public joint-stock companies. In 2019, there were 67 thousand joint-stock companies in the Russian Federation, since this year the number of joint-stock companies has been constantly decreasing.
The shareholders of operating companies with a controlling stake in the authorized capital of 50% or more are mainly Russian citizens. There are 2,1 million such kind of companies. Citizens of other countries with a share in the capital of more than 50% have established 50 thousand organizations.
2. Region of registration
Moscow remains the leader in terms of the number of registered legal entities. As of August 1, 2021, over 520 thousand legal entities were registered in the capital of our country, St. Petersburg is in the second place with 208 thousand registered companies, Moscow region closes the top with 178 thousand companies. The share of the three regions of the total number of operating companies exceeds 29%.
3. Activity types
Most of the companies are engaged in wholesale and real estate transactions. These sectors are the most popular in Moscow, St. Petersburg and Moscow region (Picture1). The largest number of construction and development companies is registered in St. Petersburg and Moscow too.
4. Companies’ duration
The significant part of operating companies have passed the formation period: 67% of organizations were founded more than 5 years ago (Picture 2). The share of newly established companies from 1 to 3 years is 13%. In 2020, a large number of new companies could not survive the decline in the level of business activity: 110 thousand legal entities with duration from 1 to 3 years ceased their activities.
5. Business categories
2.1 million operating companies refer to small and medium-sized businesses, and 1,9 million companies are micro-enterprises.
6. Result of activity
Most of the companies in Russia show positive financial result: in 2020, the share of profitable companies was 75%. The share of unprofitable ones is 25%.
7. Globas index
According to Globas, 30% of operating companies have Superior / High and Strong / Medium solvency index, 47% have Adequate / Weak solvency index, and 11% have Unsatisfactory / Poor solvency index.
|7 conclusions from 7 facts