Information agency Credinform represents a ranking of the largest Russian shipbuilding enterprises. Companies with the largest volume of annual revenue (TOP 10 and TOP 100) were selected for the ranking, according to the data from the Statistical Register and the Federal Tax Service for the latest available periods (2018 - 2020). They were ranked by the net profit ratio (Table 1). The selection and analysis were based on the data of the Information and Analytical system Globas.

Net profit ratio (%) is net profit (loss) to sales revenue. The ratio is indcative of the level of profit on sales.

There is no standard value for this ratio. It is recommended to compare companies of the same industry or to analyse the changes in this ratio for a specified company. Negative value of the ratio shows there is a net loss. High value speaks about the effective operations.

For the most complete and objective view of the financial condition of the enterprise, it is necessary to pay attention to the complex of indicators and financial ratios of the company.

Table 1. Net profit, revenue, current assets to equity ratio and solvency index Globas of the shipbuilding companies (TOP 10)

Name, INN, region	Revenue, million RUB		Net profit (loss), million RUB		Net profit ratio, %		Solvency index Globas
	2019	2020	2019	2020	2019	2020
1	2	3	4	5	6	7	8
JSC OKSKAYA SHIPYARD INN 5223004199 Nizhniy Novgorod region	9 066,6	9 214,5	1 880,0	866,6	20,74	9,40	191 High
JSC KRASNOE SORMOVO PLANT INN 5263006629 Nizhniy Novgorod region	11 763,6	11 709,2	708,9	1 019,7	6,03	8,71	195 High
JSC UNITED SHIPBUILDING CORPORATION INN 7838395215 Saint Petersburg	68 832,0	85 665,0	509,7	1 501,2	0,74	1,75	228 Strong
JSC SREDNE-NEVSKY SHIPBILDING PLANT INN 7817315385 Saint Petersburg	10 459,0	11 137,5	952,4	189,3	9,11	1,70	206 Strong
JSC SHIPBUILDING PLANT SEVERNAYA VERF INN 7805034277 Saint Petersburg	20 736,6	14 929,5	-534,5	173,4	-2,58	1,16	254 Medium
JSC LENINGRAD SHIPYARD PELLA INN 4706000296 Leningrad region	13 554,3	10 990,4	29,6	-1 119,8	0,22	-10,19	300 Adequate
JSC SHIPYARD YANTAR INN 3900000111 Kaliningrad region	9 332,1	11 288,7	-2 757,7	-1 723,1	-29,55	-15,26	316 Adequate
JSC AMUR SHIPBUILDING PLANT INN 2703000015 Khabarovsk territory	13 675,9	16 850,6	-2 131,2	-4 503,3	-15,58	-26,72	289 Medium
LLC SHIPBUILDING COMPLEX ZVEZDA INN 2503032517 Primorye territory	4 994,2	11 061,5	-3 990,9	-4 154,0	-79,91	-37,55	313 Adequate
JSC BALTIC SHIPYARD INN 7830001910 Saint Petersburg	20 654,3	18 929,8	-6 444,2	-7 878,8	-31,20	-41,62	269 Medium
Average value for TOP 10	18 306,9	20 177,7	-1 177,8	-1 562,9	-12,20	-10,86
Average value for TOP 100	2 369,6	2 369,6	-136,1	-181,6	1,49	1,17
Average industry value	386,6	270,2	-10,2	-18,1	-2,64	-6,71

growth of indicator to the previous period, fall of indicator to the previous period

The industry average values of the net profit ratio, as well as the values of TOP 10, were negative in 2020. Five companies decreased their values in 2020, while only three ones did in 2019.

In 2020, six companies gained their revenues, three ones increased net profit and one company reduced its loss.

The revenue of TOP 10 and TOP 100 climbed at average 10% and the industry average figure fell 30%. The loss of TOP 10 and TOP 100 jumped 33%. On average for the industry, there is a 77% increase in the loss.

Over the past five years, the industry average values of the net profit ratio have declined over three periods. The highest value was recorded in 2017 and the lowest one was in 2020 (Picture 1).

Picture 1. Change in the industry average values of the net profit ratio of shipbuilding enterprises in 2016 - 2020

Information agency Credinform has prepared a review of trends in activity of companies providing other business support services.

The largest companies engaged in organization of conferences and exhibitions, collection of payments and credit information and other administrative and economic activities to ensure the conduct of business (TOP-1000) in terms of annual revenue were selected according to the data from the Statistical Register and the Federal Tax Service for the latest available periods (2011 - 2020). The company selection and analysis were based on data of the Information and Analytical system Globas.

Net assets is a ratio 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 ratio is considered negative (insufficiency of property), if company’s debt exceeds the value of its property.

The largest company in terms of net assets is THE STATE JOINT STOCK COMPANY ALL-RUSSIAN EXHIBITION CENTRE, INN 7717037582, Moscow, other business support service activities n.e.c. In 2020 net assets of the company amounted to 29,6 billion RUB.

The smallest size of net assets in TOP-1000 had LLC ELEKS-POLYUS KAR, INN 5003040674, Moscow region, other business support service activities n.e.c. The lack of property of the company in 2020 was expressed in negative terms -2,6 billion RUB.

For the last ten years, the average industry values of net assets showed the downward tendency with positive dynamics of growth rates (Picture 1).

Picture 1. Change in average net assets value in 2011 – 2020

For the last five years, the share of ТОP-1000 enterprises with lack of property had the negative increasing trend (Picture 2).

Picture 2. The share of enterprises with negative net assets value in ТОP-1000 in 2016-2020

Sales revenue
In 2020, the total revenue of 10 largest companies amounted to almost 40% from ТОP-1000 total revenue (Picture 3). This fact testifies the high level of capital concentration.

Picture 3. Shares of TOP-10 in TOP-1000 total revenue for 2020

In general, the decreasing trend in sales revenue with upward dynamics of growth rates is observed (Picture 4).

Picture 4. Change in average revenue in 2011 – 2020

Profit and loss
The largest company in terms of net profit is JSC FIRST COLLECTION BUREAU, INN 2723115222, Moscow, activities of collection agencies and credit bureaus. In 2020 the company’s profit amounted to more than 2,4 billion RUB.

For the last ten years, the average profit values show the decreasing tendency with positive dynamics of growth rates (Picture 5).

Picture 5. Change in average profit (loss) in 2011 – 2020

Over a five-year period, the average net profit values of ТОP-1000 show the growing tendency, along with this the average net loss is increasing (Picture 6).

Picture 6. Change in average net profit/loss of ТОP-1000 companies in 2016 – 2020

Main financial ratios
For the last ten years, the average values of the current liquidity ratio were within the recommended values - from 1,0 to 2,0, with growing trend (Picture 7).

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

Picture 7. Change in average values of current liquidity ratio in 2011- 2020

Within ten years, the decreasing trend of the average values of ROI ratio is observed (Picture 8).

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.

Picture 8. Change in average values of ROI ratio in 2011 – 2020

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 last ten years, this business activity ratio demonstrated the decreasing trend (Picture 9).

Picture 9. Change in average values of assets turnover ratio in 2011 – 2020

Small businesses
87% of ТОP-1000 companies are registered in the Unified register of small and medium-sized enterprises of the Russian Federal Tax Service. Herein, their share in TOP-1000 total revenue is 35%, which is significantly higher than the national average value in 2018 – 2019 (Picture 10).

Picture 10. Shares of small and medium-sized enterprises in ТОP-1000

Main regions of activity
TOP-1000 companies are registered in 66 regions of Russia and are unequally located across the country. Almost 65% of the largest enterprises in terms of revenue are located Moscow and St. Petersburg (Picture 11).

Picture 11. Distribution of TOP-1000 revenue by the regions of Russia

Financial position score
An assessment of the financial position of TOP-1000 companies shows that the largest part has the average financial position (Picture 12).

Picture 12. Distribution of TOP-1000 companies by financial position score

Solvency index Globas
Most of TOP-1000 companies got superior/high and strong/medium Solvency index Globas, this fact shows the ability of the companies to meet their obligations in time and fully (Picture 13).

Picture 13. Distribution of TOP-1000 companies by Solvency index Globas

Conclusion
A complex assessment of companies providing auxiliary services for business, taking into account the main indexes, financial ratios and indicators, demonstrates the presence of negative trends within 2011-2020 (Table 1).

Table 1. Favorable and unfavorable trends, assessment factors

Trends and assessment factors	Relative share, %
Dynamics of average net assets value	-10
Growth/drawdown rate of average net assets value	10
Increase / decrease in the share of enterprises with negative net assets	-10
The level of capital concentration	-10
Dynamics of average revenue	-10
Growth/drawdown rate of average revenue	10
Dynamics of average profit (loss)	-10
Growth/drawdown rate of average profit (loss)	10
Increase / decrease in average net profit of companies	10
Increase / decrease in average net loss of companies	-10
Increase / decrease in average values of current liquidity ratio	10
Increase / decrease in average values of ROI ratio	-10
Increase / decrease in average values of assets turnover ratio, times	-10
Share of small and medium-sized businesses by revenue more than 20%	10
Regional concentration	-10
Financial position (the largest share)	5
Solvency index Globas (the largest share)	10
Average value of factors	-0,9

положительная тенденция (фактор), отрицательная тенденция (фактор)