Information Agency Credinform presents a review of activity trends of the largest real economy companies of the Republic of Tatarstan.
The companies from the Republic of Tatarstan with the highest volume of annual revenue (TOP-10 and TOP-1000) have been selected for the ranking, according to the data from the Statistical Register for the latest available accounting periods (2014 — 2016). The analysis was based on the data from the Information and Analytical system Globas.
Net assets is an indicator of fair value of corporate assets that is calculated annually as assets on balance less company’s liabilities. Net assets value is negative (insufficiency of property) if liabilities are larger than the property value.
No. in TOP-1000 | Name, INN, region, key type of activity | Net assets, million RUB | Solvency index Globas | ||
2014 | 2015 | 2016 | |||
1. | Tatneft named after V.D. Shashin PJSC INN 1644003838 Extraction of crude petroleum and associated petroleum gas |
485 094 | 545 333 | 624 473 | 140 Superior |
2. | TELECOM-MANAGEMENT LLC INN 1655061006 Investment in securities Since 13.03.2018 is in process of reorganization in the form of accession to TAIF JSC INN 1655020761 |
46 767 | 91 918 | 122 496 | 600 Insufficient |
3. | Nizhnekamskneftekhim PJSC INN 1651000010 Production of synthetic rubber in primary forms |
68 236 | 91 980 | 108 747 | 138 Superior |
4. | TRANSNEFT - PRIKAMYE NJSC INN 1645000340 Oil transportation via pipelines |
87 529 | 95 377 | 107 998 | 164 Superior |
5. | State housing fund under President of the Republic of Tatarstan INN 1655065113 Real estate management on a fee or contract basis |
59 076 | 73 214 | 78 798 | 260 Medium |
996. | BANKING DEBT CENTER LLC INN 7730126601 Investment in securities Since 26.03.2018 it is in process of reorganization in the form of merger of LIRIDAN LLC INN 1655270345 |
-228 | -922 | -1 362 | 323 Adequate |
997. | ELASTIC PLANT LLC INN 1651041168 Manufacture of footwear |
-1 977 | -2 860 | -2 257 | 282 Medium |
998. | MANAGING COMPANY TECHNOPOLIS NOVAYA TURA LLC INN 1655228689 Buying and selling of own real estate |
-1 564 | -3 078 | -2 258 | 310 Adequate |
999. | KAZSTROIINVEST NJSC INN 1660054950 Leasing and operating of own or leased real estate |
-4 436 | -6 871 | -5 458 | 250 Medium |
1000. | FORD SOLLERS HOLDING LLC INN 1646021952 Manufacture of motor vehicles |
5 492 | 3 980 | -19 247 | 334 Adequate |
— growth compared to prior period, — decline compared to prior period.
Average values of net assets of TOP-1000 companies tend to increase during the last 3 years (Picture 1).
Sales revenue
In 2016 sales revenue of 10 industry leaders amounted to 37% of total revenue of TOP-1000 companies. This is an indicator of concentration of large companies in the Republic of Tatarstan (Picture 2).
In general, revenue tends to increase (Picture 3).
Profit and loss
In 2016 profit of 10 industry leaders amounted to 72% of total profit of TOP-1000 companies (Picture 4).
Average net profit values of TOP-1000 companies within the last 3 years tend to increase, as well as average loss value (Picture 5).
Key financial ratios
Total liquidity ratio (a ratio of current assets to current liabilities) reveals the sufficiency of a company’s funds for meeting its short-term liabilities.
During the last 3 years average values of total liquidity ratio were within the recommended value — from 1,0 to 2,0 (Picture 6). In general, the ratio value tends to increase.
The return on investment ratio is a ratio of net profit to total equity and noncurrent liabilities, and it demonstrates benefit from equity engaged in business activity and long-term raised funds of the company.
The return on investment ratio tended to increase during the last 3 years (Picture 7).
Assets turnover ratio is a ratio of sales revenue to average total assets for the period, and it measures resource efficiency regardless of the sources. The ratio indicates the number of profit-bearing complete production and distribution cycles per annum.
During the last 3 years, this activity ratio tended to decrease (Picture 8).
Activities structure
Crude petroleum extraction companies have the largest share in total revenue of TOP-1000 companies (Picture 9).
45% companies of TOP-1000 are included in the register of small and medium-sized businesses of the Federal Tax Service of the Russian Federation (Picture 10).
Financial position score
Assessment of financial state of TOP-1000 companies indicates that most of the companies have a stable and above average financial standing (Picture 11).
Solvency index Globas
Most of TOP-1000 companies have got a superior, high, strong and medium Solvency index Globas, that indicates their capability to meet liabilities timely and in full (Picture 12).
Conclusion
A comprehensive assessment of the largest real economy companies of the Republic of Tatarstan, that considers key indexes, financial figures and ratios, is indicative of predominance of positive trends within the sector. However, increase in net loss and decrease of business activity ratio are the alarming factors.
Information agency Credinform has prepared a review of trends in activity of the largest Russian companies engaged in processing and conservation of fish, crustaceans and mollusks.
The largest enterprises (TOP-10 and TOP-1000) in terms of annual revenue were selected according to the data from the Statistical Register for the latest available periods (2014-2016). The analysis was 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.
Position in ТОP-1000 | Name, activity, region | Net assets value, mln. RUB | Solvency index Globas | ||
2014 | 2015 | 2016 | |||
1. | NAO KURILSKII RYBAK INN 6511000178 Sakhalin region |
6 129 | 7 851 | 9 306 | 155 Superior |
2. | PAO OZERNOVSKII RKZ #55 INN 4108003484 Kamchatka Krai |
1 042 | 2 156 | 3 444 | 158 Superior |
3. | USTKAMCHATRYBA CO., LTD INN 4109002780 Kamchatka Krai |
1 040 | 1 506 | 2 265 | 174 Superior |
4. | LLC RYBOLOVETSKII KOLKHOZ IM. KIROVA INN 6504006429 Sakhalin region In process of reorganization in the form of merger of other legal entities, 12.12.2017 |
1 637 | 1 709 | 1 975 | 209 Strong |
5. | LLC PROIZVODSTVENNO-KOMMERCHESKAYA FIRMA YUZHNO-KURILSKII RYBOKOMBINAT INN 6518005270 Sakhalin region |
543 | 1 244 | 1 605 | 198 High |
996. | LLC PERSEI INN 6504027411 Sakhalin region |
-514 | -556 | -567 | 357 Adequate |
997. | NAO RUSSIAN SEA INN 5031033020 Moscow region |
-1 146 | -1 988 | -591 | 226 Strong |
998. | NAO KURILSKY RASSVET INN 6515001310 Sakhalin region |
-923 | -1 269 | -921 | 243 Strong |
999. | NAO BALTIC COAST INN 7826059025 Leningrad region Process of being wound up, 03.05.2017 |
947 | 578 | -1 097 | 600 Insufficient |
1000. | LLC RK KRUTOGOROVSKOE INN 4101094570 Kamchatka Krai |
-611 | -734 | -1 227 | 346 Adequate |
— growth indicator in comparison with prior period, — decline indicator in comparison with prior period.
For the last 10 years, the average values of net assets showed the increasing tendency (Picture 1)
Sales revenue
In 2016 total revenue of 10 largest companies amounted to 37% from TOP-1000 total revenue. This fact testifies high level of competition within the industry (Picture 2).
In general, the decrease in sales revenue is observed (Picture 3).
Profit and loss
In 2016 profit of 10 largest companies amounted to 58% from TOP-1000 total profit (Picture 4).
For the last ten years, the average industry net profit values show the growing tendency despite the losses in 2008, 2011, 2014 (Picture 5).
For the three-year period, the average net profit values of TOP-1000 companies show the growing tendency. At the same time, the average net loss slightly increases (Picture 6).
Main financial ratios
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
For the last ten years, the average values of the current liquidity ratio were within the recommended values — from 1,0 to 2,0 (Picture 7). In general, the ratio shows the growing tendency.
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.
For the last ten years, the increasing tendency of ROI ratio is observed (Picture 8).
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 downward trend (Picture 9).
Production structure
92% companies of TOP-1000 are registered in the Register of small and medium-sized businesses of the Federal Tax Service of the Russian Federation (Picture 10).
Main regions of activity
Companies of TOP-1000 are unequally located across the country due to dependence on the sources of raw materials and registered in 74 regions of Russia (Picture 11).
Financial position score
An assessment of the financial position of TOP-1000 companies shows that the majority of them have financial position above average (Picture 12).
Solvency index Globas
Most of TOP-1000 companies got Superior/High or Strong/Medium Solvency index Globas, this fact shows the ability of the companies to meet their obligations in time and fully (Picture 13).
Conclusion
A complex assessment of activity of the largest Russian companies engaged in processing and conservation of fish, crustaceans and mollusks, taking into account the main indexes, financial ratios and indicators, demonstrates the presence of favorable trends. However, declining revenue, increasing in net losses, decrease in business activity ratio are alarming factors.