The definition of «foreign investor» is specified by the Federal Law of 31.05.2018 № 122-FL.
In particular, it is determined that legal entities, registered in offshore zones, according to the «List of states and territories, representing preferential tax regime and (or) not requiring disclosure and provision of information while carrying out financial transactions (offshore zones)», approved by the Order of the Ministry of Finance of the RF of 13.11.2007 № 108n (edited from 02.11.2017) and not disclosing data about their beneficiaries and controlling parties according to the procedure established by the Government of Russia cannot buy state and municipal property.
Earlier privatization of state property was forbidden for any legal entities registered in offshore zones.
Consequently, amendments made to the Federal Law «On procedure of foreign investments to business entities, having strategic importance for national defense and security», provide foreign investors with an opportunity to establish control over the enterprises having strategic importance, granted provision of data about beneficiaries and controlling parties to the authorized federal authority of executive power, performing control over foreign investments to Russia.
Besides, foreign companies, controlled by legal entities or citizens of Russia, are no longer determined as «foreign investor».
The definitions of «controlling party», «foreign investment» are also specified by the Federal Law.
According to the experts, such changes in the legal status of foreign investors should contribute to return to the national economy of funds of citizens of Russia, locating abroad, and increase visibility of incoming foreign investments.
Information Agency Credinform presents a review of activity trends of the largest real economy companies of the Republic of Tatarstan.
The companies from the Republic of Tatarstan with the highest volume of annual revenue (TOP-10 and TOP-1000) have been selected for the ranking, according to the data from the Statistical Register for the latest available accounting periods (2014 — 2016). The analysis was based on the data from the Information and Analytical system Globas.
|No. in TOP-1000||Name, INN, region, key type of activity||Net assets, million RUB||Solvency index Globas|
|1.|| Tatneft named after V.D. Shashin PJSC
Extraction of crude petroleum and associated petroleum gas
|485 094||545 333||624 473||140 Superior|
|2.|| TELECOM-MANAGEMENT LLC
Investment in securities
Since 13.03.2018 is in process of reorganization in the form of accession to TAIF JSC INN 1655020761
|46 767||91 918||122 496||600 Insufficient|
|3.|| Nizhnekamskneftekhim PJSC
Production of synthetic rubber in primary forms
|68 236||91 980||108 747||138 Superior|
|4.|| TRANSNEFT - PRIKAMYE NJSC
Oil transportation via pipelines
|87 529||95 377||107 998||164 Superior|
|5.|| State housing fund under President of the Republic of Tatarstan
Real estate management on a fee or contract basis
|59 076||73 214||78 798||260 Medium|
|996.|| BANKING DEBT CENTER LLC
Investment in securities
Since 26.03.2018 it is in process of reorganization in the form of merger of LIRIDAN LLC INN 1655270345
|-228||-922||-1 362||323 Adequate|
|997.|| ELASTIC PLANT LLC
Manufacture of footwear
|-1 977||-2 860||-2 257||282 Medium|
|998.|| MANAGING COMPANY TECHNOPOLIS NOVAYA TURA LLC
Buying and selling of own real estate
|-1 564||-3 078||-2 258||310 Adequate|
|999.|| KAZSTROIINVEST NJSC
Leasing and operating of own or leased real estate
|-4 436||-6 871||-5 458||250 Medium|
|1000.|| FORD SOLLERS HOLDING LLC
Manufacture of motor vehicles
|5 492||3 980||-19 247||334 Adequate|
— growth compared to prior period, — decline compared to prior period.
Average values of net assets of TOP-1000 companies tend to increase during the last 3 years (Picture 1).
In 2016 sales revenue of 10 industry leaders amounted to 37% of total revenue of TOP-1000 companies. This is an indicator of concentration of large companies in the Republic of Tatarstan (Picture 2).
In general, revenue tends to increase (Picture 3).
Profit and loss
In 2016 profit of 10 industry leaders amounted to 72% of total profit of TOP-1000 companies (Picture 4).
Average net profit values of TOP-1000 companies within the last 3 years tend to increase, as well as average loss value (Picture 5).
Key financial ratios
During the last 3 years average values of total liquidity ratio were within the recommended value — from 1,0 to 2,0 (Picture 6). In general, the ratio value tends to increase.
The return on investment ratio tended to increase during the last 3 years (Picture 7).
During the last 3 years, this activity ratio tended to decrease (Picture 8).
Crude petroleum extraction companies have the largest share in total revenue of TOP-1000 companies (Picture 9).
45% companies of TOP-1000 are included in the register of small and medium-sized businesses of the Federal Tax Service of the Russian Federation (Picture 10).
Financial position score
Assessment of financial state of TOP-1000 companies indicates that most of the companies have a stable and above average financial standing (Picture 11).
Solvency index Globas
Most of TOP-1000 companies have got a superior, high, strong and medium Solvency index Globas, that indicates their capability to meet liabilities timely and in full (Picture 12).
A comprehensive assessment of the largest real economy companies of the Republic of Tatarstan, that considers key indexes, financial figures and ratios, is indicative of predominance of positive trends within the sector. However, increase in net loss and decrease of business activity ratio are the alarming factors.