According to the Article 6 of the Federal Law as of 03.08.2018 №280-FL, since January 1, 2020 the Ministry of Agriculture of Russia maintains the Unified State Register of Organic Product Manufacturers.
The Register is aimed to inform consumers about manufacturers and types of organic products. Besides, organic products imply ecologically friendly agricultural products, raw materials and supplies.
The Register is maintained in electronic format with the use of corporate Automated Information system of registered and reference data (AIS NSI), the data on organic product manufacturers are obligatorily entered:
- name and production address;
- registration number and duration of the certificate of conformity;
- name of the certified body.
Data contained in the Register, are publicly available on the web site of the Ministry of Agriculture and provided free of charge to all concerned legal entities and individuals.
On February 28, 2020 the Register contained information about seven manufacturers of plant and animal production, achieved international voluntary certification.
Information agency Credinform has prepared a review of activity trends of the largest Russian companies engaged in geological exploration.
The largest companies (ТОP-100) engaged in exploration, geophysical and geochemical works, as well as in the field of subsoil exploration and reproduction of mineral resources in terms of annual revenue were selected according to the data from the Statistical Register for the latest available periods (2013 - 2018). The analysis was based on data of the Information and Analytical system Глобас.
The largest company in terms of net assets is LLC RN-EXPLORATION, INN 7706230432, Moscow. In 2018 net assets of the company amounted to almost 194 billion RUB.
The smallest size of net assets in ТОP-1000 had JSC ELVARY NEFTEGAZ, INN 6501143635, Sakhalin region. The lack of property of the company in 2018 was expressed in negative terms -15 billion RUB.
For the last ten years, the average values of net assets showed the growing tendency (Picture 1).
For the last five years, the shares of ТОP-1000 enterprises with lack of property represent significant values and showed the growing tendency (Picture 2).
In 2018, the total revenue of 10 largest companies amounted to more than 61% from ТОP-1000 total revenue. (Picture 3).This fact testifies the high level of monopolization within the industry.
In general, the growing trend in sales revenue is observed (Picture 4).
Profit and loss
The largest company in terms of net profit is JSC ROSPAN INTERNATIONAL, INN 7727004530, Yamalo-Nenets Autonomous region. In 2018, the company’s profit amounted to more than 16 billion RUB.
For the last ten years, the average profit values showed the increasing tendency. Thus, the profit was observed only in 2014 and 2016 (Picture 5).
Over a five-year period, the average net profit values of ТОP-1000 show the increasing tendency, along with this the average net loss is decreasing (Picture 6).
Main financial ratios
For the last ten years, the average values of the current liquidity ratio were beyond the recommended values - from 1,0 to 2,0, with decreasing tendency (Picture 7).
Within the last five years, the negative values of ROI ratio with slight growing tendency are observed (Picture 8).
For the last ten years, this business activity ratio demonstrated the growing trend (Picture 9).
72% of ТОP-1000 companies are registered in the Unified register of small and medium-sized enterprises of the Russian Federal Tax Service. Herein, their share in TOP-1000 total revenue amounted to 8,4%, which is significantly lower than national average value (Picture 10).
Main regions of activity
ТОP-1000 companies are registered in 74 regions and unequally located across the country, mainly in accordance with the geographical location of natural resource reserves. Almost 51% of the largest enterprises in terms of revenue are located in Tyumen region, Yamalo-Nenets Autonomous region and Moscow (Picture 11).
Financial position score
An assessment of the financial position of TOP-1000 companies shows that the largest part have the average financial position (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).
A complex assessment of the largest Russian companies engaged in geological exploration, taking into account the main indexes, financial ratios and indicators, demonstrates the presence of positive trends (Table 1).
|Trends and assessment factors||Relative share, %|
|Growth/drawdown rate of average net assets value||10|
|Increase / decrease in the share of enterprises with negative net assets||-10|
|The level of competition / monopolization||-10|
|Growth/drawdown rate of average revenue||10|
|Growth/drawdown rate of average net profit (loss)||5|
|Increase / decrease in average net profit||10|
|Increase / decrease in average net loss||10|
|Increase / decrease in average values of current liquidity ratio||-5|
|Increase / decrease in average values of ROI ratio||5|
|Increase / decrease in average values of assets turnover ratio, times||10|
|Share of small and medium-sized businesses by revenue more than 21%||-10|
|Financial position (the largest share)||5|
|Solvency index Globas (the largest share)||10|
|Average value of factors||3,2|
favorable trend (factor) , unfavorable trend (factor).