Information agency Credinform has prepared a ranking of the largest Russian manufacturers of packaging. The companies with the largest volume of annual revenue (TOP-10) have been selected for the ranking, according to the data from the Statistical Register for the latest available accounting periods (2014 — 2016). Then they have been ranked by solvency ratio (Table 1). The analysis was based on the data from the Information and Analytical system Globas.

Solvency ratio (x) is a ratio of shareholders’ equity to total assets and shows the dependence of the company on external loans. Its recommended value: >0,5. A value less than a minimum one is indicative of a dependence on external sources of funds, which may result in a liquidity crisis, unstable financial standing in the event of economic downturn.

A calculation of practical values of financial ratios, which might be considered as normal for a certain industry, has been developed and implemented in the Information and Analytical system Globas by the experts of the Information Agency Credinform, having taken into account the current situation in the economy as a whole and in the industries.

The practical value of solvency ratio of meat products manufacturers amounted from 0,01 to 0,85 in 2016.

The whole set of indicators and financial ratios is to be considered in order to get a full and comprehensive insight into a company’s financial standing.

Table 1. Net profit, revenue, solvency ratio, solvency index Globas of the largest Russian meat products manufacturers (TOP-10)

Name, INN, region	Revenue, million RUB		Net profit, million RUB		Solvency ratio (x)		Solvency index Globas
	2015	2016	2015	2016	2015	2016
1	2	3	4	5	6	7	8
Ostankinsky Meat-Processing Plant PJSC INN 7715034360 Moscow	36 764	39 569	812	928	0,85	0,93	216 Strong
ITERA NJSC INN 4003037662 Kaluga region	9 619	11 171	485	803	0,77	0,87	208 Strong
Mikoyanovsky Meat Factory NJSC INN 7722169626 Moscow	12 301	12 454	135	155	0,40	0,46	173 High
Starodvorskie sausages NJSC INN 3328426780 Vladimir region	15 197	16 507	644	307	0,25	0,25	231 Strong
Atyashevsky Meat Processing Plant LLC INN 1303066789 Republic of Mordovia	11 503	12 556	149	250	0,14	0,16	214 Strong
Poultry Factory LLC INN 2631029799 Stavropol territory	11 733	11 613	69	95	0,09	0,10	242 Strong
Agro-Belogorie Meat Processing Plant LLC INN 3123183960 Belgorod region	17 480	15 675	-11	55	0,01	0,02	248 Strong
Belaya Ptica-Kursk LLC INN 4604006115 Kursk region	10 696	11 424	-27	29	0,00	0,01	276 Medium
Cherkizovsky Meat Processing Plant NJSC INN 7718013714 Moscow	29 953	32 430	-881	-1 759	0,10	-0,08	288 Medium
Velikoluksky Meat Plant PJSC INN 6025009824 Pskov region	15 737	17 250	-1 105	807	-0,36	-0,29	240 Strong
Total for TOP-10 companies	172 998	182 665	2 285	3 686
Average value for TOP-10 companies	17 300	18 267	229	369	0,23	0,24
Average industry value	205	211	2	2	0,14	0,21

Average value of solvency ratio for TOP-10 companies is above the recommended values. Two of TOP-10 companies a solvency ratio above the recommended, and two companies have a negative ratio value.

Picture 1. Solvency ratio and revenue of the largest Russian meat products manufacturers (TOP-10)

Average industry values of solvency ratio tend to decrease within the last decrease (Picture 2). This is indicative of a high dependence of meat processing industry on external loans.

Picture 2. Change in average industry values of solvency ratio of the largest Russian manufacturers of meat products in 2007 — 2016

Through the Federal law from 07.08.2001 № 115-FL «On counteracting the legalization (laundering) of proceeds received by criminal way and terrorism financing», credit institutions will receive data on accounts of companies and individual entrepreneurs in third party banks in the forthcoming summer. This data will be provided by the Federal Tax Service (FTS) through the system of interdepartmental online interactions on a round-the-clock basis.

Such kind of data is necessary for credit institutions at companies check in accordance with Art. 7 «Rights and obligations of organizations engaged in cash transactions» of the mentioned Federal law, as well as at shell companies identification and assessment of would-be borrowers at lending.

For example, information about accounts in other banks may indicate the fact of company’s virtual operating. This is one of the signs of trustworthiness. According to the experts, transparentizing of clients’ activity to banks can accelerate the opening of accounts, consideration of applications for credit and upgrading the outstanding credits monitoring.

In the future, increased competition on the corporate funds market will probably take place.

For reference
According to the Central Bank of RF, the volume of loans, deposits and other placed funds granted to organizations, individuals and banks in roubles is ever-increasing (Picture 1).

Picture 1. Loans, deposits and other placed funds granted to organizations, individuals and credit institutions for 2010 — 2017

Users of the Information and Analytical system Globas have a possibility to get acquainted with activity of all bank and non-bank credit institutions and their branches with active licenses. Information about all credit institutions with revoked licenses and their branches is also available.