Information agency Credinform represents a ranking of the largest Russian travel agencies. 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 (2017 - 2019). They were ranked by the asset coverage ratio (Table 1). The analysis was based on the data of the Information and Analytical System Globas.

Asset coverage ratio (x) is calculated as the difference between equity and non-current assets to current assets.

The ratio characterizes the ability of a company to finance current activities only with its current assets. The recommended value of the ratio 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.

Table 1. Net profit, revenue, asset coverage ratio, solvency index Globas of the largest Russian travel agencies (TOP-10)

Name, INN, region	Revenue, million RUB		Net profit (loss), million RUB		Asset coverage ratio (x), >0,1		Solvency index Globas
	2018	2019	2018	2019	2018	2019
1	2	3	4	5	6	7	8
JSC INTERCONNECT MANAGEMENT CORPORATION INN 7728580286 Moscow	1 345,55	1 350,38	45,64	59,58	0,38	0,38	196 High
LLC WHITE TRAVEL INN 7707770166 Moscow	876,56	1 771,49	89,06	118,14	0,10	0,25	198 High
LLC AEROCLUB TOUR INN 7702520780 Moscow	1 464,87	1 815,36	38,90	84,20	0,22	0,21	197 High
JSC SIRENA-TRAVEL INN 7714171484 Moscow	2 639,75	2 747,93	1 051,92	975,95	0,17	0,18	144 Superior
LLC MANAGEMENT COMPANY CITY CENTER FOR RESERVATION AND TOURISM INN 5003102627 Moscow region	1 301,67	1 863,86	5,43	21,35	0,04	0,11	248 Strong
LLC AKADEMSERVIS INN 5024053441 Moscow region	5 052,68	5 417,23	67,13	26,14	0,04	0,09	206 Strong
LLC S 7 TRAVEL RETAIL INN 7701607660 Moscow	2 478,24	2 868,12	226,61	260,08	-0,08	-0,07	214 Strong
LLC TT-TRAVEL INN 7714775020 Moscow	2 853,49	25 568,25	-1 768,38	317,55	-1,67	-0,45	287 Medium
LLC VODOKHOD INN 7707511820 Moscow	4 577,47	4 714,19	501,69	114,31	0,01	-0,56	226 Strong
LLC CLUB NED RUSSIA INN 7705549346 Moscow	1 333,34	1 383,02	68,19	76,77	-0,95	-2,12	251 Medium
Average value for TOP-10	2 392,36	4 949,98	32,62	205,41	-0,17	-0,20
Industry average value	8,00	16,11	0,26	0,61	-0,01	0,02

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

The average indicator of the asset coverage ratio of TOP-10 is below the average and recommended one. In 2019, five companies have the value above the recommended one.

Picture 1. Asset coverage ratio and revenue of the largest travel agencies (TOP-10)

During ten years, the average values of the asset coverage ratio of TOP-10 are mainly within the negative one with a trend to increase (Picture 2).

Picture 2. Change in the average values of the asset coverage ratio of the largest Russian travel agencies in 2010 - 2019

The Federal Law of 12.11.2019 №375-FZ, introduced the amendments to the Federal Law of 02.10.2007 №229-FZ «On enforcement proceedings». In particular, article 24 of this law provides the possibility of legally relevant notification of parties to enforcement proceedings through the personal account on the official internet portal of the Public services starting from January 1st, 2020. Our publication of 09.12.2019 is dedicated to these amendments.

Starting from June 1st, the Federal Bailiffs Service launched the corresponding full format service on the portal of the Public services in order to fulfil these amendments. Information on progress of the enforcement proceedings is already available for citizens. Starting from September 1st, the access for the legal entities will be opened through the personal account.

The results of rendering the public services are:

- addressing the applicant the information on enforcement proceedings in execution in regard to private person or legal entity;

- addressing the applicant the notification on availability or absence of enforcement proceeding in execution.

The reasons for rejection in public service delivery are not provided by the Russian legislation.

The service is performed within 17 working days.

The online data on all enforcement proceedings in regard to legal entities starting from January 2012 is entirely available to the subscribers of the Information and Analytical system Globas.