Starting from September 1st, 2020 the Federal Tax Service of the Russian Federation gains a right to close down sole entrepreneurs by force. This provision is recorded by the amendments to the law №129-FL «On state registration of legal entities and sole entrepreneurs», adopted in November 2019.
Earlier the removal of sole entrepreneurs from the Unified State Register of Sole Entrepreneurs (EGRIP) without their consent was possible only under the court decision or in cases of the right reversion or end of residence period in Russia of a foreign resident – entrepreneur.
Now the authorities of the Federal Tax Service of the Russian Federation might declare sole entrepreneurs inactive and remove them from the register, if the following conditions are at the same time observed on the date of the arrival at a decision:
- when 15 months passed after the patent expiration date or failure to provide accounts to the Federal Tax Service within last 15 months;
- active arrears and tax, fee and due liabilities.
According to the data of the Federal Tax Service of the Russian Federation, as of August 1st, 2020, 4 021 658 active sole entrepreneurs and farms are registered. In the previous year this number amounted to 4 037 199. During 2020, 862 sole entrepreneurs and farms were liquidated under court decision.
Subscribers of the Information and Analytical system Globas can get all the available information (including historical data) on sole entrepreneurs and farms.
Information agency Credinform has prepared a review of activity trends of the largest companies of Kazan real economy sector during the financial crisis of 2008-2009.
The largest companies (ТОP-1000) in terms of annual revenue were selected according to the data from the Statistical Register for the latest available periods (2006 - 2011). The analysis was based on data of the Information and Analytical system Globas.
Number of active companies
Within 2006 - 2011 the number of active companies was growing, however during the acute phase of crisis, the growth rate was decreasing.
he largest company in terms of net assets was JSC SVYAZYINVESTNEFTEKHIM, INN 1655070635 In 2011 net assets of the company amounted to 197 billion RUB. In 2019, the indicator amounted to 683 billion RUB.
The smallest size of net assets in TOP-1000 had JSC KAZSTROIINVEST, INN 1660054950. The lack of property of the company in 2011 was expressed in negative terms -672 million RUB and – 6,7 billion RUB in 2019.
Within 2006-2011, the average values of TOP-1000 net assets showed the growing tendency, however the growth rate was decreasing, especially in the beginning of recovery. (Picture 2).
In general, within 2006 - 2011, the share of ТОP-1000 enterprises with lack of property was decreasing (Picture 3).
The largest company by sales revenue was PUBLIC STOCK COMPANY TAIF, INN 1655020761. In 2011, the indicator amounted to almost 78 billion RUB and 160 billion RUB in 2019.
In general, the growing trend in sales revenue with increasing growth rate was observed (Picture 4).
Profit and loss
The largest company in terms of net profit was also JSC SVYAZYINVESTNEFTEKHIM, INN 1655070635. In 2011, the company’s profit amounted to more than 11 billion RUB and 59 billion RUB in 2019.
Within 2006 – 2011, the average profit values of TOP-1000 showed the growing tendency with loss during the acute phase of crisis (Picture 5).
In 2006 – 2011, the average net profit values of ТОP-1000 showed the growing tendency, along with this the average net loss was decreasing, especially during the acute phase of crisis (Picture 6).
Main financial ratios
In 2006 – 2011 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 2006 - 2011 the decreasing trend of the average values of ROI ratio with significant downward trend in 2009 was observed (Picture 8).
In 2006 – 2011, this business activity ratio demonstrated the decreasing trend, especially during the recovery (Picture 9).
70% of ТОP-1000 companies are registered in the Unified register of small and medium-sized enterprises of the Russian Federal Tax Service. Herein, in 2011 their share in TOP-1000 total revenue amounted to 12% (Picture 10).
Financial position score
An assessment of the financial position of TOP-1000 companies shows that in 2020 the largest part has the average financial position (Picture 11).
Solvency index Globas
In 2020 the 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 12).
A complex assessment of activity of the largest Russian companies of Kazan real economy sector, taking into account the main indexes, financial ratios and indicators, demonstrates the presence of positive trends within 2006-2011 (Table 1).
|Trends and assessment factors||Relative share, %||Possible forecast|
|Dynamics of active companies||10|
|Growth rate of active companies||-10||During the acute phase of crisis, the number of active companies may decrease|
|Dynamics of average net assets value||10|
|Growth/drawdown rate of average net assets value||-10||During the acute phase of crisis, the growth rate of average net assets may decrease|
|Increase / decrease in the share of enterprises with negative net assets||10|
|Dynamics of average revenue||10|
|Growth/drawdown rate of average revenue||10||During the acute phase of crisis, the growth rate of revenue may decrease|
|Dynamics of average profit||10||During the acute phase of crisis, the average profit may decrease|
|Increase / decrease in average net profit of companies||10||During the acute phase of crisis, the net profit may decrease|
|Increase / decrease in average net loss of companies||-10||During the acute phase of crisis, the net loss may increase|
|Increase / decrease in average values of current liquidity ratio||5|
|Increase / decrease in average values of ROI ratio||-10||During the recovery, the ROI ratio may decrease|
|Increase / decrease in average values of assets turnover ratio, times||-10||In time of crisis, the business activity may decrease|
|Share of small and medium-sized businesses by revenue more than 20%||-10|
|Financial position (the largest share)||5|
|Solvency index Globas (the largest share)||10|
|Average value of factors||1,9|
favorable trend (factor), unfavorable trend (factor).