Information agency Credinform has prepared a review of trends in activity of companies that meet the criteria for mandatory audit of financial statements.
The largest companies (ТОP-500) that meet the updated criteria for mandatory audit of financial statements in terms of annual revenue were selected according to the data from the Statistical Register and the Federal Tax Service for the latest available periods (2014 - 2019). The company selection and analysis were based on data of the Information and Analytical system Globas.
The largest company in terms of net assets is JSC INDUSTRIAL RECONSTRUCTION AND DEVELOPMENT OIL FUND, INN 7702028070, Moscow. In 2019 net assets of the company amounted to 26 billion RUB.
The smallest size of net assets in TOP-500 had LLC STIMUL-T, INN 7017007293, Tomsk region. The lack of property of the company in 2019 was expressed in negative terms -7 billion RUB.
For the last six years, the average industry values of net assets showed the growing tendency with negative dynamics of growth rates (Picture 1).
For the last six years, the share of ТОP-500 enterprises with lack of property is decreasing (Picture 2).
In 2019, the total revenue of 10 largest companies amounted to 11% from ТОP-500 total revenue (Picture 3). This fact testifies the high level of capital concentration within this group of enterprises.
n general, the growing trend in sales revenue with negative dynamics of growth rates is observed (Picture 4).
Profit and loss
The largest company in terms of net profit is also JSC INDUSTRIAL RECONSTRUCTION AND DEVELOPMENT OIL FUND, INN 7702028070, Moscow. In 2019 the company’s profit amounted to 4 billion RUB.
For the last six years, the average profit values show the growing tendency with negative dynamics of growth rates (Picture 5).
Over a six-year period, the average net profit values of ТОP-500 show the growing tendency, along with this the average net loss is decreasing (Picture 6).
Main financial ratios
For the last six years, the average values of the current liquidity ratio were higher than the recommended values - from 1,0 to 2,0, with growing trend (Picture 7).
Within six years, the downward trend of the average values of ROI ratio is observed (Picture 8).
For the last six years, this business activity ratio demonstrated the decreasing trend (Picture 9).
Main regions of activity
ТОP-500 companies are unequally located across the country and registered in 66 regions of Russia. More than 47% of the largest enterprises in terms of revenue are located in Moscow, Moscow region and Saint Petersburg Picture 10).
Financial position score
An assessment of the financial position of TOP-500 companies shows that almost the half has above average financial position (Picture 11).
Solvency index Globas
Most of TOP-500 companies got superior/high and strong/medium Solvency index Globas, this fact shows the ability of the companies to meet their obligations in time and fully (Picture 12).
A complex assessment of small businesses that meet the criteria for mandatory audit of financial statements, taking into account the main indexes, financial ratios and indicators, demonstrates the presence of positive trends within 2014-2019 (Table 1).
|Trends and assessment factors||Relative share, %|
|Dynamics of average net assets value||10|
|Growth/drawdown rate of average net assets value||-10|
|Increase / decrease in the share of enterprises with negative net assets||10|
|The level of capital concentration||10|
|Dynamics of average net profit||10|
|Growth/drawdown rate of average revenue||-10|
|Dynamics of average profit (loss)||10|
|Growth/drawdown rate of average profit (loss)||-10|
|Increase / decrease in average net profit of companies||10|
|Increase / decrease in average net loss of companies||10|
|Increase / decrease in average values of current liquidity ratio||5|
|Increase / decrease in average values of ROI ratio||-10|
|Increase / decrease in average values of assets turnover ratio, times||-10|
|Financial position (the largest share)||10|
|Solvency index Globas (the largest share)||10|
|Average value of factors||2,2|
favorable trend (factor), unfavorable trend (factor)
Information agency Credinform represents a ranking of the largest construction companies having a potential opportunity to carry out a tax monitoring. The companies engaged in construction of buildings and structures meeting the new criteria for tax monitoring with the largest volume of annual revenue (TOP-10 and TOP-100) were selected for the ranking, according to the data from the Statistical Register and the Federal Tax Service for the latest available periods (2017 - 2019). They were ranked by the ratio of assets and liabilities (Table 1). The selection and analysis was based on the data of the Information and Analytical system Globas.
Sales revenue and net profit show the scale of the company and the efficiency of its business, and the ratio of liabilities and assets indicates the risk of insolvency of the company.
Exceeding the upper standard value indicates excessive debt load, which can stimulate development, but negatively affects the stability of the financial position. If the value is below the standard value, this may indicate a conservative strategy of financial management and excessive caution in attracting new borrowed funds.
In order to get 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.
|Name, INN, region||Revenue, million RUB||Net profit (loss), million RUB||Ratio of liabilities and assets (x), from 0,2 to 0,5||Solvency index Globas|
INN 7714950480 Moscow
|18 910||17 436||127||116||0,95||0,98||233 Strong|
|OOO MIP-STROI #1
INN 7701394860 Moscow
|56 995||53 932||10||99||0,98||0,98||272 Medium|
INN 7729755852 Moscow
|26 948||44 616||1 792||1 263||1,01||0,98||275 Medium|
|RENAISSANCE HEAVY INDUSTRIES LLC
INN 7802772445 Moscow
|37 662||42 884||4 732||2 079||0,83||0,94||245 Strong|
INN 7729355935 Moscow
|19 640||23 853||262||314||0,97||0,92||176 High|
INN 0277015293 Republic of Bashkortostan
|11 047||18 231||82||405||0,89||0,88||208 Strong|
INN 7713011336 Moscow
|25 343||24 572||15 137||306||0,74||0,75||233 Strong|
|RENAISSANCE CONSTRUCTION LTD
INN 7708185129 Moscow
|44 512||25 720||1 290||2 676||0,94||0,74||201 Strong|
INN 7801174139 Saint Petersburg
|8 713||24 118||229||1 640||0,92||0,74||171 Superior|
INN 7802084569 Saint Petersburg
|15 270||17 182||4 374||6 441||0,68||0,71||217 Strong|
|Average value for TOP-10||26 504||29 254||2 804||1 534||0,89||0,86|
|Average value for TOP-100||8 802||7 789||30||-289||0,81||0,81|
growth of indicator to the previous period, decrease of indicator to the previous period
The average indicator of the ratio of liabilities and assets of TOP-10 and TOP-100 is above the standard value. Indicators of six companies show the positive dynamic to move toward the standard value in 2019.
Over the past 6 years, the industry average values of the ratio of liabilities and assets of TOP-100 have a positive trend to move toward the standard value (Picture 2).