By the Federal Law as of 25.12.2018 №480-FL amendments were made to the Federal Law «On protecting rights of legal entities and individual entrepreneurs during the execution of the public control (supervision) and municipal control» and the Article 35 of the Federal Law «On water supply and water discharge».

The moratorium on scheduled inspections of legal entities– small business entities and individual entrepreneurs was extended to 2019 – 2020. However, scheduled inspections can be conducted in the following cases:

• carrying out licensed activities;
• using production facilities related to specific risk or danger categories;
• conducting assay supervision;
• performing radiation safety monitoring and nuclear energy usage;
• performing control over protection of State Secret;
• performing external quality control of audit organizations` work;
• in the presence of decisions on administrative punishments for gross violations.

Besides, the Federal Anti-Monopoly Service will not check small business providing services on hot and cold water supply and water discharge within the prescribed period, assuming that such scheduled inspections are possible at the regional level.

On 10.01.2019 in the Unified Register of small and medium enterprises of the Federal Tax Service 2 715 388 legal entities and 3 325 807 individual entrepreneurs are registered, that are subjected to the amendments of the law.

You can get full information about all the small business entities, individual entrepreneurs and business activity if subscribe for an access to the Information and Analytical system Globas.

Information agency Credinform presents a ranking of the largest Russian metallic ores mining companies. The companies with the largest volume of annual revenue (TOP-10) were selected for the ranking, according to the data from the Statistical Register for the latest available periods (2015 - 2017). Then they were ranked by product profitability ratio (Table 1). The analysis is based on data of the Information and Analytical system Globas.

Profitability ratio is calculated as the relation of sales revenue to expenses from ordinary activity. Profitability in general indicates the economic efficiency of production. The analysis of product profitability allows to conclude about the expediency of release of products or services. There are no normative values for indicators of this group, because they vary strongly depending on the industry.

The experts of the Information agency Credinform, taking into account the actual situation both in the economy as a whole and in sectors, has developed and implemented in the Information and Analytical system Globas the calculation of practical values of financial ratios that can be recognized as normal for a particular industry. For metallic ores mining companies the practical value of product profitability ratio was from 53,33 % in 2017.

For getting of the most comprehensive and fair picture of the financial standing of an enterprise it is necessary to pay attention to all combination of indicators and financial ratios.

Table 1. Net profit, revenue, product profitability ratio, solvency index Globas of the largest Russian metallic ores mining companies (TOP-10)

Name, INN, region, activity type	Sales revenue, bln RUB		Net profit (loss), bln RUB		Product profitability ratio, %		Solvency index Globas
	2016	2017	2016	2017	2016	2017
1	2	3	4	5	6	7	8
JSC STOILENSKY GOK INN 3128011788 Belgorod region Open pit mining of iron ores	37,50	52,77	12,88	23,52	92,76	140,34	193 High
LLC NOVOANGARSKY DRESSING PLANT INN 2426003607 Krasnoyarsk territory Mining and preparation of lead-zink ore	17,93	24,06	7,77	9,15	144,23	131,10	163 Superior
JSC LEBEDINSKIY MINING AND PROCESSING PLANT INN 3127000014 Belgorod region Open pit mining of iron ores	74,06	104,53	100,96	50,52	98,36	127,22	227 Strong
JSC MIKHAILOVSKY GOK INN 4633001577 Kursk region Open pit mining of iron ores	57,47	78,74	15,08	27,09	55,40	76,14	157 Superior
JSC KARELSKY OKATYSH INN 1004001744 Republic of Karelia Open pit mining of iron ores	41,19	59,20	12,40	26,92	34,72	74,86	167 Superior
JSC KOVDORSKY GOK INN 5104002234 Murmansk region Open pit mining of iron ores	39,73	36,20	14,83	11,16	74,34	63,16	220 Strong
JSC EVRAZ KACHKANARCKY ORE MINING AND PROCESSING PLANT INN 6615001962 Sverdlovsk region Open pit mining of iron ores	26,58	36,86	-0,13	11,74	27,13	59,53	198 High
JSC GAI MINING AND PROCESSING PLANT INN 5604000700 Orenburg region Mining and preparation of copper ore	22,21	23,59	1,51	1,48	17,82	16,95	252 Medium
JSC UCHALINSKY GOK INN 0270007455 The Republic of Bashkortostan Mining and preparation of copper ore	21,75	20,49	3,02	0,30	18,17	8,51	231 Strong
JSC SEVURALBOKSITRUDA INN 6631001159 Sverdlovsk region Mining and preparation of aluminic raw materials (bauxites and nepheline-apatite ores)	24,37	20,84	1,34	1,56	14,04	8,32	234 Strong
Total by TOP-10 companies	362,77	457,29	169,66	163,45
Average value by TOP-10 companies	36,28	45,73	16,97	16,34	57,70	70,61
Industry average value	1,54	1,64	0,54	0,43	44,65	53,33

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

The average indicator of the product profitability ratio of TOP-10 companies is above the industry average value and the practical one. In 2017 five companies out of TOP-10 have improved their indicators compared to the previous period.

Picture 1. Product profitability ratio and revenue of the largest Russian metallic ores mining companies (TOP-10)

Over the past 10 years the industry average values of the product profitability ratio have decreasing trend (Picture 2).

Picture 2. Change in the average industry values of the product profitability ratio of the largest Russian metallic ores mining companies in 2008 – 2017