Information agency Credinform represents an overview of activity trends of the largest companies in the real sector of the economy of the Stavropol territory.

The enterprises with the largest volume of annual revenue of the real sector of the economy in the Stavropol territory (TOP-10 and TOP-1000), were selected for the analysis, according to the data from the Statistical Register for the latest available periods (2013-2017). The analysis was made on the basis of the data of the Information and Analytical system Globas.

Net assets is an indicator, reflecting the real value of the property of an enterprise. It is calculated annually as the difference between assets on the balance sheet of the enterprise and its debt obligations. The indicator of net assets is considered negative (insufficiency of property), if company’s debt exceeds the value of its property.

Table 1. The largest companies of the real sector of economy in the Stavropol territory with the largest and smallest net assets in 2013 – 2017

№	Name, INN, type of activity	Net assets value, bln RUB					Solvency index Globas
		2013	2014	2015	2016	2017
1	2	3	4	5	6	7	8
1	VTORAYA GENERIRUYUSHCHAYA KOMPANIYA OPTOVOGO RYNKA ELEKTROENERGII PJSC INN 2607018122 Electric power generation by thermal power plants, including activities on operability assurance of power plants	107,14	108,83	111,16	114,24	120,16	174 Superior
2	STAVROLEN LLC INN 2624022320 Production of plastics and synthetic resins in primary forms	6,20	1,97	9,38	20,21	26,21	187 High
3	Interregional Distribution Grid Company of Northern Caucasus PJSC INN 2632082033 Power transmission and technological connection to distribution systems	20,08	18,31	15,29	15,70	15,76	263 Medium
4	GAZPROM TRANSGAZ STAVROPOL LLC INN 2636032629 Gas pipeline transportation	11,24	14,13	14,62	12,33	12,39	208 Strong
5	NEVINNOMYSSKY AZOT NJSC INN 2631015563 Production of fertilizers and nitrogen compounds	16,98	8,50	8,57	10,40	9,98	207 Strong
996	NAUCHNO-PROIZVODSTVENNYI KONTSERN ESKOM PJSC INN 2634040279 Manufacture of pharmaceuticals bankruptcy claim was filed against the company; it is necessary to abide the results of case hearing	1,02	1,02	0,47	-0,82	-0,76	282 Medium
997	MASLO STAVROPOLYA NJSC INN 2625023037 Production of crude vegetable oils and their fractions	-0,09	-0,48	-0,94	-0,89	-0,95	309 Adequate
998	PLYUS LLC INN 2605012510 Grain growing bankruptcy claim was filed against the company; it is necessary to abide the results of case hearing	0,33	0,33	0,41	0,59	-1,70	290 Medium
999	NK ROSNEFT-STAVROPOLYE NJSC INN 2636035027 Retail sale of automobile fuel in specialized stores	-2,64	-3,36	-3,20	-3,38	-3,27	277 Medium
1000	GAZPROM MEZHREGIONGAZ STAVROPOL LLC INN 2635048440 Wholesale of solid, liquid and gaseous fuels and related products	-0,55	-1,13	-1,70	-2,80	-3,57	293 Medium

— growth of the indicator to the previous period, — decline of the indicator to the previous period.

The average values of net assets of TOP-1000 enterprises tend to increase over the ten-year period (Picture 1).

Picture 1. Change in the average indicators of the net asset value of TOP-1000 enterprises in 2013 – 2017

The shares of TOP-1000 enterprises with insufficiency of assets have a tendency to increase in the last five years (Picture 2).

Picture 2. Share of enterprises with negative values of net assets in TOP-1000

Sales revenue
The revenue volume of 10 leading companies of the region made 43% of the total revenue of TOP-1000 enterprises in 2017 (Picture 3). It points to a high level of capital concentration in the Stavropol territory.

Picture 3. Shares of participation of TOP-10 companies in the total revenue of TOP-1000 enterprises for 2017

In general, there is a trend towards an increase in revenue volume (Picture 4).

Picture 4. Change in the average revenue of TOP-100 enterprises in 2013 – 2017

Profit and losses
The profit volume of 10 industry leaders of the region made 52% of the total profit of TOP-1000 companies in 2017 (Picture 5).

Picture 5. ДShares of participation of TOP-10 companies in the total volume of profit of TOP-1000 enterprises for 2017

In general, average values of net profit’s indicators trend to increase over the ten-year period (Picture 6).

Picture 6. Change in the average values of net profit of TOP-1000 enterprises in 2008 – 2017

Average values of net profit’s indicators of TOP-1000 companies trend to increase for the five-year period, at the same time the average value of net loss also increases (Picture 7).

Picture 7. Change in the average values of indicators of net profit and net loss of TOP-1000 companies in 2013 – 2017

Key financial ratios
Over the five-year period the average indicators of the total liquidity ratio of TOP-1000 enterprises were significantly higher than the range of recommended values - from 1,0 up to 2,0, with a tendency to increase (Picture 8).

The total liquidity ratio (the relation of the amount of current assets to short-term liabilities) shows the sufficiency of company’s funds for repayment of its short-term liabilities.

Picture 8. Change in the average values of the total liquidity ratio of TOP-1000 enterprises in 2013 – 2017

There has been a rather high level of average values of the return on investment ratio for five years, with a tendency to increase. (Picture 9).

The ratio is calculated as the relation of net profit to the sum of own capital and long-term liabilities and demonstrates the return on the equity involved in the commercial activity of own capital and the long-term borrowed funds of an organization.

Picture 9. Change in the average values of the return on investment ratio of TOP-1000 enterprises in 2013 – 2017

Asset turnover ratio is calculated as the relation of sales proceeds to the average value of total assets for a period and characterizes the efficiency of use of all available resources, regardless of the sources of their attraction. The ratio shows how many times a year a complete cycle of production and circulation is made, yielding profit.

This ratio of business activity showed a tendency to decrease over the five-year period (Picture 10).

Picture 10. . Change in the average values of the asset turnover ratio of TOP-1000 enterprises in 2013 – 2017

Production structure
The largest share in the total revenue of TOP-1000 is owned by companies, specializing in wholesale, as well as energy providers (Picture 11).

Picture 11. Distribution of types of activity in the total revenue of TOP-1000 companies, %

80% of TOP-1000 companies are registered in the Register of small and medium-sized businesses of the Federal Tax Service of the RF. At the same time, their share in the total revenue of TOP-1000 enterprises amounted to 24% (Picture 12).

Picture 12. Shares of proceeds of small and medium-sized businesses in TOP-1000 companies

Main regions of activity
The TOP-1000 companies are distributed unequal in the Stavropol territory and registered in 33 regions. The largest enterprises in terms of revenue volume are concentrated in in the regional center – in Stavropol (Picture 13).

Picture 13. Distribution of the revenue of TOP-1000 companies by regions of Stavropol territory

Financial position score
An assessment of the financial position of TOP-1000 companies shows that most of them are in above average financial position (Picture 14).

Picture 14. Distribution of TOP-1000 companies by financial position score

Solvency index Globas
Most of TOP-1000 companies got Superior/High or Medium/Strong Solvency index Globas, that points to their ability to pay off their debts in time and fully (Picture 15).

Picture 15. Distribution of TOP-1000 companies by solvency index Globas

Industrial production index
According to the Federal Service of State Statistics, there is a tendency to decrease in the industrial production index in the Stavropol territory during 12 months of 2017 - 2018. For 9 months of 2018, the industrial production index decreased by an average of 2,5%, and in general, from October 2017 to September 2018, the decline averaged 0,6%(Picture 16).

Picture 16. Industrial production index in Stavropol territory in 2017 - 2018, month to month (%)

According to the same information, the share of enterprises of the Stavropol territory in the amount of revenue from the sale of goods, works, services made 0,58% countrywide for 9 months of 2018.

Conclusion
A comprehensive assessment of activity of the largest companies in the real sector of the economy of the Stavropol territory, taking into account the main indices, financial indicators and ratios, points to the prevalence of favorable trends (Table 2).

Table 2. Positive and negative trends, evaluation factors of TOP-1000 companies

Trend and evaluation factors of TOP-1000 enterprises	Specific share of factor, %
Rate of growth (decline) in the average size of net assets	10
Increase / decrease in the share of enterprises with negative values of net assets	-10
Rate of growth (decline) in the average size of revenue	10
Concentration level of capital	-10
Rate of growth (decline) in the average size of profit (loss)	10
Growth / decline in average values of companies’ net profit	10
Growth / decline in average values of companies’ net loss	-10
Increase / decrease in average values of total liquidity ratio	10
Increase / decrease in average values of return on investment ratio	10
Increase / decrease in average values of asset turnover ratio, times	-10
Share of small and medium-sized businesses in the region in terms of revenue being more than 30%	-10
Regional concentration	-10
Financial position (the largest share)	10
Solvency index Globas (the largest share)	10
Industrial production index	-10
Average value of the specific share of factors	0,7

— positive trend (factor), — negative trend (factor).

In our publication dated May 15, 2017 it was reported that the Federal Tax Service of the RF is authorized to keep the Unified state register of acts of civil status.

The Unified state register of acts of civil status (EGR ZAGS) was established for execution of the Decree of the President of the RF from January 15, 2016 №13 and began operations since October 1, 2018. The Unified register was based on software developed by the FTS of the RF. State registration of all acts of civil status as well as amendments to existing entries and arrangements for exit of duplicates are performed in the Register.

Among benefits of such centralized storage system:

• on-line access for previously drawn up acts regardless of their location;
• possibility to check verification or uniqueness of the entered data;
• uniqueness of the numbers of incoming and outgoing documents;
• prospective new Internet services for citizens (e.g. representation of data from records of acts about themselves and under aged children on personal account);
• possible prospect of using data from the ZAGS register as main source of forming public register;
• cooperation of the ZAGS authorities from different regions of Russia only in electronic form;
• data representation to authorized bodies by automated method in electronic form.

All new records, created after October 1, 2018, have been already entered to the Unified state register. Records of documents created earlier, will be successively entered to the Register till 2021.

According to the data from the FTS RF, currently in Russia there are 5096 authorities providing state registration of acts of civil status, that have registered 2590 thousands acts for 6 months of 2018.