Article
Federal Bailiffs’ Service offers to keep data on bad debtors available to the public

Federal Bailiffs’ Service (FBS) offers to keep data on non-payers that can’t pay down the debt on the official website to the public access.

The proposed innovation is represented in a list of amendments “Order of establishing and prosecuting of the databank in the enforcement proceedings of FBS in electronic format”. This official act elaborated by FBS is posted on the intergraded informational portal of legislative instruments and the results of public debates of them.

Individual persons whose location, property and financials are trustworthy impossible to state, fall within the scope of the proposed amendment. Liquidated artificial persons or declared bankrupts are also will be listed to the public.

Data on bad debtors will be kept on the FBS’s website for three years. At the same time name and description of debtors that discharged debts must be removed from the database on the date of termination of execution proceedings.

The following information will be represented to the public access: the day of performance of a judicial act, the type and the number of an administrative case, the name of the issued establishment, the day and the number of the instituting enforcement proceedings, and also debtor’s surname, first name, patronymic and birthdate. If it is an artificial person, there will be its name and legal address. Furthermore, the information about the demands in the administrative cases will be also represented to the public.

Ranking
Return on equity of Russian airline companies

Information agency Credinform prepared a ranking of Russian airline companies.

The companies with the highest volume of revenue were selected for this ranking according to the data from the Statistical Register for the latest available period (for the year 2012). These enterprises were ranked by decrease in return on equity.

Return on equity (%) is the relation of company’s net profit to its equity capital. It shows how many monetary units of net profit were earned by each unit invested by company owners. It allows to assess the effectiveness of use of the capital invested by the owners. If the ratio is negative, it means that the enterprise has net loss.

There are no recommended or specified values prescribed for the mentioned ratio, because it varies strongly depending on the branch, where each concrete enterprise conducts business, that is why it should be assessed relying on industry-average indicator of the sector, where it operates, as well as on indexes of other enterprises of the same industry.

 

Table 1. Turnover, return on equity and solvency index of the largest Russian airline companies (TOP-10)
NameRegionTurnover,in mln RUB, for 2012Passenger traffic, ths. of people, for 2013Return on equity, %Solvency index GLOBAS-i®
1 ORENBURGSKIEAVIALINIIOJSC
INN: 5638057840
Orenburg region 17 602,8 3 141,0 73,6 226 high
2 Aviatsionnaya kompaniya TRANSAERO OJSC
INN: 5701000985
Saint-Petersburg 97 610,1 12 500,0 48,5 221 high
3 AVIAKOMPANIYAROSSIYAOJSC
INN: 7810814522
Saint-Petersburg 27 969,2 4 590,1 47,4 275 high
4 Aviakompaniya Sibir (S7) OJSC
INN: 5448100656
Novosibirsk region 55 863,8 7 084,6 26,2 203 high
5 GLOBUS LLC
INN: 5448451904
Novosibirsk region 11 307,9 2 154,3 24,3 249 high
6 AVIAKOMPANIYA VOLGA-DNEPR LLC
INN: 7328510118
Ulyanovsk  region 12 067,9 Cargo carriage 19,5 269 high
7 AVIAKOMPANIYA URALSKIE AVIALINII OJSC
INN: 6608003013
Sverdlovsk region 23 101,9 4 419,2 17,2 198 the highest
8 AVIAKOMPANIYAYUTEIROJSC
INN: 7204002873
Khanty-Mansijsk autonomous district - Yugra 72 500,6 8 182,1 13,5 217 high
9 AEROFLOT-ROSSIYSKIE AVIALINII OJSC
INN: 7712040126
Moscow 177 906,2 20 902,4 9,6 196 the highest
10 AVIAKOMPANIYAYAKUTIYAOJSC
INN: 1435149030
Republic of Sakha (Yakutia) 11 960,8 1 098,9 1,9 248 high

Picture 1. Net profit, return on equity of the largest Russian airline companies (TOP-10)

Three leaders on the highest return on equity ratio among the leaders of air transportations in Russia are as follows: ORENBURGSKIE AVIALINII (ORENAIR) OJSC - 73,6%, Aviatsionnaya kompaniya TRANSAERO OJSC - 48,5% and AVIAKOMPANIYA ROSSIYA OJSC - 47,4%.

Airline company ORENBURGSKIE AVIALINII traces its history back to the year 1932 and is one of the oldest airline companies in Russia, it carries out air transportations throughout Russia, international charter flights to the countries of Europe, Asia and Africa.

Transaero OJSC is Russia's first-ever private airline company, founded in 1991 and rapidly catching up Aeroflot – Rossiyskie avialinii OJSC on the amount of passenger traffic, which traditionally leads on this indicator.

AVIAKOMPANIYA ROSSIYA OJSC is the leading air carrier in the North-Western region of the country, is based in Saint-Petersburg and carries out about 40% of all air transportations from Pulkovo airport. It traces its history back to the year 1934, being the successor of the aviation enterprise «Pulkovo». Since 2011 it is a part of the group of companies «Aeroflot».

Other participants of TOP-10 showed lower return on equity, but not going beyond positive values, what testifies to the profitability of their business.

This is confirmed by the independent estimation of solvency, developed by the Information agency Credinform: all TOP-10 enterprises got a high and the highest solvency index GLOBAS-i®, what guarantees that they can pay off their loan liabilities in time and fully. Risk of default in the nearest time is highly improbable; organizations are attractive objects for investment, especially considering high potential of the Russian market, where, in spite of tough economic situation of last years, air transportations are growing at the remarkable tempo.