Information agency Credinform represents a ranking of the largest Russian companies engaged in extraction of non-ferrous metal ores. Companies 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 asset coverage ratio (Table 1). The selection and analysis of companies were based on the data of the Information and Analytical system Globas.
The ratio shows the ability of an enterprise to finance current activities only with its working capital. The recommended value is > 0.1.
For the most complete and objective view of the financial condition of the enterprise, it is necessary to pay attention to the complex of indicators and financial ratios of the company.
|Name, INN, region||Revenue, million RUB||Net profit (loss), million RUB||Asset coverage ratio (x), > 0,1||Solvency index Globas|
|JSC SEREBRO MAGADANA
INN 4900003918 Magadan region
|24 733||25 596||11 094||5 615||0,80||0,85||284 Medium|
|CHUKOTKA MINING AND GEOLOGICAL COMPANY
INN 8709009294 Chukotka autonomous region
|30 436||37 516||9 812||12 311||0,62||0,81||305 Adequate|
|JSC POLYUS MAGADAN
INN 4906000960 Magadan region
|7 191||37 294||-2 127||15 599||0,19||0,48||292 Medium|
|JSC BOKSIT TAMANA
INN 1117000011 The Republic of Komi
|20 761||23 521||1 622||963||0,35||0,31||217 Strong|
|LLC MEDVEZHIY RUCHEY
INN 2457080792 Krasnoyarsk territory
|25 681||55 941||5 897||21 254||0,28||0,30||298 Medium|
INN 1434024359 The Republic of Sakha (Yakutia)
|9 278||23 626||3 970||16 631||-3,03||-0,79||275 Medium|
|LLC GRK BYSTRINSKOE
INN 7701568891 Zabaikalye territory
|13 137||36 297||-3 672||22 847||-3,83||-1,38||261 Medium|
|MIKHEEVSKY MINING AND PROCESSING PLANT
INN 7428007317 Chelyabinsk region
|22 629||23 750||4 418||5 413||-2,52||-1,47||202 Strong|
|GAISKY MINING AND PROCESSING PLANT
INN 5604000700 Orenburg region
|25 031||25 382||2 416||1 171||-1,04||-2,09||252 Medium|
|JSC POLYUS KRASNOYARSK
INN 2434000335 Krasnoyarsk territory
|135 881||163 654||34 843||86 693||-4,10||-2,58||274 Medium|
|Average value for TOP-10||31 476||45 258||6 827||18 849||-1,23||-0,56|
|Average value for TOP-1000||1 109||1 258||180||339||-72,82||-44,72|
growth of indicator to the previous period, decrease of indicator to the previous period, colorless – no data for 2017
The average indicator of the asset coverage ratio of TOP-10 has negative value and is above the average one of TOP-1000. In 2019, five companies have values above the recommended one. Eight companies increased the value compared to the previous period.
During six years, the average values of the asset coverage ratio of TOP-1000 were negative with a trend to decrease (Picture 2).
Information agency Credinform has prepared a review of activity trends of the largest Russian petrol retailers.
The largest companies (ТОP-1000) 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 LLC GAZPROMNEFT - TSENTR, INN 7709359770, Moscow. In 2019 net assets of the company amounted to more than 45 billion RUB.
The smallest size of net assets in TOP-1000 had LLC NEW PETROL TYUMEN, INN 7203254282, Tyumen region, the legal entity is declared insolvent (bankrupt) and bankruptcy proceedings are initiated, 18/12/2020. The lack of property of the company in 2019 was expressed in negative terms -9,4 billion RUB.
For the last ten 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-1000 enterprises with lack of property is decreasing (Picture 2).
In 2019, the total revenue of 10 largest companies amounted to 59% from ТОP-1000 total revenue (Picture 3). This fact testifies the high level of monopolization in the retail market of petrol.
In 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 LLC GAZPROMNEFT - TSENTR, INN 7709359770, Moscow. In 2019 the company’s profit amounted to more than 382 billion RUB.
For the last ten years, the average profit values show the growing tendency (Picture 5).
Over a six-year period, the average net profit values of ТОP-1000 show the decreasing tendency, along with this the average net loss is growing (Picture 6).
Main financial ratios
For the last ten years, the average values of the current liquidity ratio were within the recommended values - from 1,0 to 2,0, with growing trend (Picture 7).
Within ten years, the downward trend of the average values of ROI ratio is observed (Picture 8).
For the last ten years, this business activity ratio demonstrated the growing trend (Picture 9).
90% 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 is 9,8%, which is significantly lower than the national average value in 2018 – 2019 (Picture 10).
Main regions of activity
TOP-1000 companies are registered in 80 regions of Russia and are unequally located across the country. Almost 48% of the largest enterprises in terms of revenue are located Moscow and Republic of Bashkortostan (Picture 11).
Financial position score
An assessment of the financial position of TOP-1000 companies shows that the largest part have above average financial position (Picture 12).
Solvency index Globas
Most of TOP-1000 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 13).
A complex assessment of activity of the largest Russian petrol retailers, taking into account the main indexes, financial ratios and indicators, demonstrates the presence of positive trends within 2010-2019 (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|
|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||10|
|Increase / decrease in average values of ROI ratio||-10|
|Increase / decrease in average values of assets turnover ratio, times||10|
|Share of small and medium-sized businesses by revenue more than 22%||-10|
|Financial position (the largest share)||10|
|Solvency index Globas (the largest share)||10|
|Average value of factors||1,3|
favorable trend (factor), unfavorable trend (factor)