Information Agency Credinform has prepared the ranking of Russian fish processing and preserving companies. The largest enterprises (TOP-10) in terms of annual revenue were selected according to the data from the Statistical Register for the latest available periods (2015 and 2014). Then the companies were ranged by 2015 leverage ratio (Table 1).
Leverage ratio (or the ratio of borrowed and own funds) is one of the financial stability ratios. The ratios of this group determine the possibility of granting the long-term loans or investing as they characterize the possibility of the company to meet its long-term obligations. The leverage ratio (х) is calculated as a ratio of total borrowed funds to equity capital and shows how many units of borrowed funds the company had attracted to each unit of own sources of financing.
The recommended value of the ratio is less than 1. The ratio of borrowed and own funds should not be negative, therefore the ratio value from 0 to 1 is one of the indicators of company’s high ability to meet its obligations.
The calculation of practical values of financial indicators, which might be considered as normal for a certain industry, has been developed and implemented in the Information and Analytical system Globas-i® by the experts of Information Agency Credinform, taking into account the actual situation of the economy as a whole and the industries. The practical value of leverage ratio for fish processing and preserving companies is from 0 to 5,97.
For the most full and fair opinion about the company’s financial position, the whole set of financial indicators and ratios of the company should be taken into account.
|Name, INN, region||2015 net profit, mln RUB||2015 revenue, mln RUB||2015/2014 revenue,%||Leverage ratio, (х)||Solvency index Globas-i®|
|Yuzhno-Kyrilsky Fish Factory LTD
INN 6518005270 Sakhalin region
|PAO Ozernovsky Fish Canning Plant N 55
INN 4108003484 Kamchatka region
|1 213,9||3 336,7||75||0,60||179
INN 3904067043 Kaliningrad region
|FSUE Arkhangelsk Federal Penitentiary Service
INN 3621005430 Saint-Petersburg
|PAO Ryboobrabativayuschy Kombinat № 1
INN 7805024462 Saint-Petersburg
|NAO Nizhegorodryba Plus
INN 5260072045 Nizhny Novgorod region
|NAO RUSSIAN SEA
INN 5031033020 Moscow region
|NAO Baltic Coast
INN 7826059025 Leningrad region
INN 2508098600 Primorsky Krai
|LLC RUSSIAN FISH WORLD
INN 5074018058 Moscow
|Total for TOP-10 group of companies||1 419,7||41 266,3|
|Total for TOP-100 group of companies||4 130,8||87 241,8|
|Average value within TOP-10 group of companies||142,0||4 126,6||11||4,70|
|Average value within TOP-100 group of companies||41,3||872,4||22||18,54|
|Industry average value||3,6||88,3||2||5,94|
In 2015 the average value of leverage ratio in TOP-10 group of companies is within the recommended and practical values (red and yellow colors, accordingly, in Table 1 and Picture 1). Meanwhile NAO RUSSIAN SEA has negative value of the ratio. The average values of the ratio within TOP-100 group of companies and industry are higher than recommended and practical values (red color in Table 1).
The industry values of leverage ratio were within recommended and practical values in 2012, 2013 and 2015 (yellow color in Picture 2).
In 2015 total revenue of 10 largest companies amounted to 47% from TOP-100 total revenue. This fact testifies rather high level of monopolization within industry. Thus, total revenue of 3 largest companies amounted to 26% from TOP-100 total revenue (Picture 3).
All companies from TOP-10 list have the highest or high solvency index Globas-i®, this fact shows the ability of the companies to meet their obligations in time and fully.
In 2015 five companies from TOP-10 have decrease in revenue in comparison with previous period or have loss (red color in Table 1).
In 2014 the TOP-100 list included 25 loss-making companies and in 2015 their number decreased almost twice to 13. Thus, 2015 average loss is also decreased by 24% (Picture 4).
In general, the industry ratios of fish processing and preserving companies in monetary terms show positive dynamics; this testifies the data from the Federal State Statistics Service (Picture 5 и Table 2).
Within 2006-2016 the maximum revenue from processing and preserving of fish was in 2016, the minimum - in 2006 (Table 2).
|31 382,1||37 941,9||46 494,6||50 303,8||53 747,4||60 554,8||69 081,4||75 651,1||93 943,5||106 478,6||117 835,5|
Fish processing and preserving companies are unequally distributed across the country and due to specific nature of activities concentrated in regions located close to sources of raw materials. This fact is confirmed by data from the Information and Analytical system Globas-i®, according to which 100 largest companies in terms of 2015 revenue are registered in 33 Russian regions (Picture 5).
Since January 1, 2018 all acts of civil status are to be entered to the Federal information system of the Unified state register of acts of civil status. It is ordered by the Federal law №219-FL “On the amendments to the Federal law “On acts of civil status” as of 23.06.2016. The Federal Tax Service will be served as the operator of this information system.
The Unified state register of acts of civil status (herein after “the Register”) is defined by the law as a classified e-set of documentary information obtained after state registration of acts of civil status and other legal acts made by registry offices. The Register also contains data on documents about the citizens of Russia from the relevant authorities of foreign states.
The Federal law provides transferring the registers of state registration of acts of civil status from paper to electronic format up to December 31, 2019. Nowadays registry offices under the Ministry of Justice of the RF are responsible for keeping the registers. The rules of transferring are approved by the RF Government Decree №254 as of 03.03.2017.
Functioning of the Federal information system of the Unified state register of acts of civil status is carried out under the Federal law №149-FL “On information, information technologies and information protection” as of 27.07.2006 and Federal law №152-FL “On personal data” as 27.07.2006.
Being the operator of the Federal information system of the Unified state register of acts of civil status, the Federal Tax Service is obliged to:
- provide formation and operation of the information system;
- process of data, including personal data;
- provide steady daily and full-time operation of the information system;
- protect and provide data from the information system.
All records of acts of civil status and other information about the citizens of Russia containing in the Register are to be permanently kept. Erasure and deletion of data are prohibited. Previously made records should be saved when correcting or amending.
Information in the Register has to be verified with enhanced encrypted and certified digital signature of the head or authorized officer of the registry office. Transfer of paper registers containing data on the citizens of Russia entered before coming the law into force is permissible only after doubling the information in e-format.
According to the experts, implementation of the law will enable the creation of the unified state information resource containing data of all acts of civil status. It will allow transferring to legally relevant e-document management in registration of acts of civil status. Moreover, the terms of provision of this public service will be shortened and applicants will be allowed for obtaining the service domiciliary or in the selected registry office.
In their turn, tax authorities will be more informed in interconnection of different persons, including natural persons and legal entities. Collection of data on citizens for charging taxes, fees and payments to extra-budgetary funds will become easier, that will influence the strengthening of tax discipline.
Statistical data on annually registered acts of civil status in Russia (Picture 1) allow assessing the scale of preparations to transferring the records to e-format and further keeping of the Register.