Order a report
Custom-made industry research, company ratings, competitor analysis
Loans protection factor of the leading Russian meat processing companies
Information Agency Credinform has prepared the ranking of the largest meat processing companies in Russia by decrease in loans protection factor.
The largest enterprises in terms of revenue were selected according to the data from the Statistical Register for the latest available period for the year 2013; the companies are engaged in meat and poultry processing, manufacture of finished products (sausages, semi-finished products, meat fillings etc.). Loans protection factor and solvency index GLOBAS-i® of the Information Agency Credinform were calculated for each company.
Loans protection factor (x) – is a ratio of pre-tax earnings and loan interest to the sum of interest payable. It characterizes the security level of creditors from non-payment of interest for the granted loan and shows how many times during the reporting period the company earned means to pay the interest on loans.
The recommended value is >1. If the protection factor is not calculated, then, according to the company’s financials, there is no interest payable to creditors.
For the most full and fair opinion about the company’s financial condition, not only the average revenue values should be taken into account, but also the whole set of financial data.
The negative value of the protection factor indicates about the company’s loss for the last analyzed period.
| № | Name | Region | Revenue, mln. RUB., 2013 г. | Loans protection factor, x | Solvency index GLOBAS-i® |
|---|---|---|---|---|---|
| 1 | LLC MEAT PROCESSING PLAN DUBKI INN 6432013128 |
Saratov region | 8 662,9 | 43,6 | 216 high |
| 2 | JSC Starodvorskie Kolbasy INN 3328426780 |
Vladimir region | 8 634,1 | 6,5 | 229 high |
| 3 | JSC CHERKIZOVSKY MEAT PROCESSING PLANT INN 7718013714 |
Moscow | 18 396,9 | 3,0 | 188 the highest |
| 4 | JSC MIKOYANOVSKIY MEET PROCESSING PLANT INN 7722169626 |
Moscow | 10 437,1 | 1,5 | 205 high |
| 5 | LLC MPZ Agro-Belogorye INN 3123183960 |
Belgorod region | 10 907,0 | 1,3 | 270 high |
| 6 | LLC Ptitsekombinat INN 2631029799 |
Stavropol region | 8 083,2 | 1,0 | 235 high |
| 7 | JSC Velikoluksky meat processing plant INN 6025009824 |
Pskov region | 11 187,7 | 1,0 | 275 high |
| 8 | OJSC Ostankinsky Meat Processing Plant INN 7715034360 |
Moscow | 27 240,2 | - | 197 the highest |
| 9 | LLC Halal ASH INN 5050046264 |
Moscow region | 23 342,2 | - | 293 high |
| 10 | LLC Invest Alliance INN 5074028377 |
Kaluga region | 8 039,0 | - | 193 the highest |
According to the latest financial statements (2013), the revenue of the leading meat processing companies in Russia (Top-10) amounted to 134,9 bln. RUB., that is 13,4% higher that total revenue of the enterprises in 2012 (118,4 bln. RUB.).
Picture 1. Loans protection factor and revenue of the leading meat processing companies in Russian Federation (Топ-10)
According to the financial statements, 3 out of 10 participants from the Top-10 list had no interest payable to creditors; that can be considered from the positive side. These are - OJSC Ostankinsky Meat Processing Plant, LLC Halal ASH and LLC Invest Alliance.
OJSC Ostankinsky Meat Processing Plant – is the leading manufacturer of meat processing and semi-finished products in Russia. The enterprise was founded in 1954.
The company owns 13 trade houses, 7 brand shops in Moscow and one of the most modern pig farms in the country.
7,700 employees, each of which is a professional in its field, work at plant (manufactures 500 tons of products per day). All production facilities are equipped with the latest German and Austrian equipment. The combination of these factors allows to adhere to the international standards in manufacture of products, the quality, naturalness and taste of which are held in esteem among buyers.
Since 2006 the plant is officially recognized as a leader of meat-processing industry.
According to 2011 results, the plant kept the leading positions among manufacturers of sausage and meat production. Sales volume in 2011 amounted to 156 th. tons.
Sales volume in 2014 exceeded 180 th. tons.
LLC Halal ASH – is a professional refiner and manufacturer of meat, sausage and semi-finished products under «Halal» trade mark. In order to meet the needs of the Muslim population of the capital and the region, in 1997 under the spiritual patronage of the Muslim community in Moscow and the Moscow region, the sausages shop «Halal Ash» was opened. It allowed significantly expand the range of meat products. Today the company’s products are represented in all stores.
LLC Invest Alliance manufactures meat semi-finished products and other processed meat products; the company's production facility is located in Ermolino city (Kaluga region).
The debt load level of other companies from the Top-10 list does not exceed the permissible parameters; the loans protection factor is above 1; in other words, in case of simultaneous demand by creditors of all invested funds, the companies will be able to pay them at the expense of available profit (before tax). Usually, such situations do not happen in the market, so the financial condition of the industry’s largest companies is stable at the moment.
It is proved by the independent assessment of the Information Agency Credinform – all participants of Top-10 list have the highest and high solvency index, this fact shows the ability of market participants to meet their obligations in time and fully; the risk of unfulfillment is low.