Information agency Credinform represents an overview of activity trends of the largest companies in the real sector of the economy of Irkutsk region.
The enterprises with the largest volume of annual revenue of the real sector of the economy in Irkutsk region (TOP-1000) were selected for the analysis, according to the data from the Statistical Register for the latest available periods (for 2012-2017). The analysis was made on the basis of the data of the Information and Analytical system Globas.
|№, Name, INN, type of activity||Net assets value, bln RUB||Solvency index Globas|
|1 TRANSNEFT – VOSTOK LLC
Oil transportation via pipelines
|2 IRKUTSKAYA NEFTYANAYA KOMPANIYA LLC
Extraction of crude oil
|3 IRKUTSK JOINT STOCK COMPANY OF ENERGETICS AND ELECTRIFICATION
|4 VERKHNECHONSKNEFTEGAZ NJSC
Extraction of crude oil
|5 IRKUTSK ELECTRONETWORK COMPANY PJSC
Power transmission and technological connection to distribution grids
|996 SIBEXPORTLES-TRADE LLC
Wholesale of wood raw materials and raw timber
Process of being wound up, 31.05.2018
|997 KRESTA LLC
Construction of residential and non-residential buildings
Process of being wound up, 12.10.2017
|998 BAIKAL SUBURBAN PASSENGER COMPANY NJSC
Activity of railway transport: intercity and international passenger traffic
|999 SAWING AND WOODWORKING ENTERPRISE IGIRMA NJSC
Sawing and planing of wood
Process of being wound up, 21.05.2018
|1000 TRANS-SIBERIAN FOREST COMPANY LTD
Sawing and planing of wood
Process of being wound up, 18.05.2018
— growth of the indicator to the previous period, — decline of the indicator to the previous period.
The average values of net assets of TOP-1000 enterprises tend to increase over the five-year period (Picture 1).
The shares of TOP-1000 enterprises with insufficiency of assets have a tendency to increase in the last five years (Picture 2).
The revenue volume of 10 leading companies of the region made 49% of the total revenue of TOP-1000 in 2017. (Picture 3). It points to a high level of concentration of production in the Irkutsk region.
In general, there is a trend towards an increase in revenue volume (Picture 4).
Profit and losses
The net profit volume of 10 industry leaders of the region made 85% of the total profit of TOP-1000 companies in 2017 (Picture 5).
In general, the average profit of TOP-1000 enterprises trends to increase over the five-year period (Picture 6).
Average values of net profit’s indicators of TOP-1000 companies increase for the five-year period, at the same time the average value of net loss decreases. (Picture 7).
Key financial ratios
Over the five-year period the average indicators of the total liquidity ratio of TOP-1000 enterprises were above the range of recommended values - from 1,0 up to 2,0, with a tendency to increase (Picture 8).
There has been a high level of average values of the return on investment ratio for five years, with a tendency to decrease (Picture 9).
This ratio of business activity showed a tendency to decrease over the five-year period (Picture 10).
Production and service structure
The largest shares in the total revenue of TOP-1000 are owned by companies, specializing in the extraction of crude oil and natural gas, as well as wholesale companies (Picture 11).
74% of TOP-1000 companies are registered in the Register of small and medium-sized businesses of the Federal Tax Service of the RF. At the same time, their share in the total revenue of TOP-1000 enterprises amounted to 15,3% (Picture 12).
Main regions of activity
The TOP-1000 companies are distributed unequal across Irkutsk region and registered in 30 districts and inhabited localities. 80% of the largest enterprises in terms of revenue are concentrated in the regional center - in Irkutsk and in Bratsk region (Picture 13).
Financial position score
An assessment of the financial position of TOP-1000 companies shows that more than half of them are in a stable financial position and above average (Picture 14).
Industrial production index
According to the Federal Service of State Statistics, there is a tendency towards an increase in indicators of the industrial production index in Irkutsk region during 12 months of 2018. (Picture 16).
According to the same information, the share of enterprises of Irkutsk region in the amount of revenue from the sale of goods, works, services made 1,03% countrywide for 9 months of 2018.
A comprehensive assessment of activity of the largest companies in the real sector of the economy of Irkutsk region, taking into account the main indices, financial indicators and ratios, points to the prevalence of positive trends (Table 2).
|Trends and evaluation factors of TOP-1000 enterprise||Specific share of factor, %|
|Rate of growth (decline) in the average size of net assets||10|
|Increase / decrease in the share of enterprises with negative values of net assets||-10|
|Concentration level of capital||-10|
|Rate of growth (decline) in the average size of revenue||10|
|Rate of growth (decline) in the average size of profit (loss)||10|
|Growth / decline in average values of companies’ net profit||10|
|Growth / decline in average values of companies’ net loss||10|
|Increase / decrease in average values of total liquidity ratio||10|
|Increase / decrease in average values of return on investment ratio||-5|
|Increase / decrease in average values of asset turnover ratio, times||-10|
|Share of small and medium-sized businesses in the region in terms of revenue being more than 22%||-10|
|Financial position (the largest share)||10|
|Solvency index Globas (the largest share)||10|
|Industrial production index||5|
|Average value of the specific share of factors||2,0|
— positive trend (factor), — negative trend (factor).
The Federal Law No. 327-FZ as of 03.08.2018 «On the amendments to the Federal Law «On credit histories» came into effect on January 31, 2019. According to the adopted amendments, a personal credit score is now assigned to Russian consumers.
The credit score is based on a credit history and is calculated automatically. The score depends particularly on such variables as: overdue credits, debt burden level, number of requests on credit history check, credit history age etc. A higher score raises the chances to get a positive credit decision.
According to the data provided by one of the leading Russian credit history bureau, Unified Credit Bureau, 78% of Russian consumers are assigned with a higher credit score, 9% – with a poor one. Russian consumers can request their credit histories and from now on also their personal credit scores in credit history bureaus.
The Regulator – Bank of Russia – has developed and launched in autumn 2018 a new public service within the Unified Public Services Portal enabling consumers to find out which credit bureau is keeping their credit histories (more details you can find in the article of December 3, 2018 «Available data on credit bureaus». To make an inquiry passport data and personal insurance account number are required. The Bank of Russia sends within 1 working day to the user’s account the name, address, phone number of the related credit history bureau. To obtain the credit history itself the consumer have to apply to the credit history bureau making a visit or online.
According to the law changes, each Russian individual is now authorized to request two free credit history reports annually. Previously only one report was provided free of charge. Our readers can learn about «Ways of receiving information from a counterparty’s credit history» from the publication of December 5, 2017. According to the State Register of Credit History Bureaus on the beginning of February 2019, 13 credit bureaus are registered and operating in Russia. Each credit bureau uses its own methodology of credit score calculation but the Regulator has been discussing the implementation of an unified methodology in future. Information about these bureaus is available by subscription to the Information and Analytical system Globas.