Credinform Information Agency offers you a ranking of solvency of Russian textile producing companies. For this ranking, the companies of textile industry with highest revenues have been selected and ranked upon reduction of solvency index. This index means the equity share in total sources of funding of organization and shows the company’s dependence on external loans.
Recommended index value – over 0.5.
|N||Name||INN||Turnover in 2011,
|1||Peredovaya Tekstilshchitsa Silk Factory CJSC||5018035099||1,550.31||0.48||208 (high)|
|2||ROSKO-Textile Assets LLC||3702080122||1,835.26||0.47||264 (high)|
|3||Donetsk Manufacture М CJSC||6145004835||796.77||0.19||279 (high)|
|4||Avangard OJSC||3326001750||774.58||0.16||292 (high)|
|5||Shuya Cotton Print Factory OJSC||3706008060||2,092.27||0.13||255 (high)|
|6||Chaykovsk Textile Company LLC||5920015180||1,573.36||0.11||275 (high)|
|7||Bryansk Worsted Factory LLC||3255510846||770.07||0.01||295 (high)|
|8||Teykovsky Silk and Cotton Factory LLC||3704569864||3,124.19||-0.002||310 (satisfactory)|
|9||Nevsky Prospekt LLC||3702548837||919.53||-0.03||294 (high)|
|10||Ivanovo Textile Factory CJSC||3728026049||775.24||-0.25||247 (high)|
No company from TOP-10 by turnover managed to achieve the mentioned ration (0.5). Only two of them have approaching value: Peredovaya Tekstilshchitsa Silk Factory CJSC and ROSKO-Textile Assets LLC. The Agency assigned high solvency index to these companies, which confirms their ability to repay their debenture timely.
The equity share of the next five companies of the ranking (Donetsk Manufacture М OJSC, Avangard OJSC, Shuya Cotton Print Factory OJSC, Chaykovsk Textile Company LLC and Bryansk Worsted Factory LLC) varies from 19% to 1%. The index value shows the potential; ability to repay debts timely. However, such low ration of solvency coefficient requires the companies to apply measures for strengthening financial positions through mobilization of diversion of funds to current assets.
Teykovsky Silk and Cotton Factory LLC, Nevsky Prospekt LLC and Ivanovo Textile Factory CJSC have negative solvency index that means negative value of their equity. In this situation, improvement of the companies’ position is possible through optimization of profit activity that is through creation of the source of equity – the retained earnings. An alternative variant for restoration of positive equity ration, and consequently the solvency index is the attraction of directed financing and receipts. In short term, the support for solvency of enterprises with negative equity is possible through high turnover of company’s assets.
Solvency means the capability of an enterprise to repay their debenture. In good financial conditions the enterprise enjoys sustainable solvency; in bad conditions, it suffers regular or permanent insolvency. The best variant is when a company always has free funds sufficient for existing liabilities. But the company retains solvency also it has insufficient free finds or has no such funds at all, but the enterprise is able to sell out its assets quickly and to pay the creditors.
Credinform Information Agency evaluated the debt burden rate of construction enterprises of St. Petersburg. For this ranking, the regioCredinform Information Agency evaluated the debt burden rate of construction enterprises of St. Petersburg. For this ranking, the region’s constructors with highest revenue in 2011 were ranked by net liabilities index. Net liabilities index calculated as difference between the amount of credits and loans and the amount of monetary funds shows the amount of the company’s liability. In order to provide a complete vision, the ranking was added by the amount of debt burden of these enterprises. This coefficient (ratio of net liabilities to sales profit rate) identifies the company’s debt burden rate: the higher is the indicator, the bigger is the enterprise’s debt burden, and, accordingly, the higher is the risk of problems in repayment of credits and loans.’s constructors with highest revenue in 2011 were ranked by net liabilities index.
|Name||INN||Turnoverin 2011, ml rub.||Net liabilities, ml rub.||Debt burden ratio||Rating index|
|LenSpetsSMU CJSC||7802084569||17,385.71||6,255.22||0.84||182 (highest)|
|Renaissance Construction CJSC||7814017341||3,965.22||909.05||5.11||183 (highest)|
|CC Dalpiterstroy LLC||7825130998||3,968.73||774.61||2.28||265 (high)|
|Kompakt CJSC||7816043467||6,687.83||391.09||0.88||227 (high)|
|NSK-Monolit LLC||7801240198||9,257.10||-32.72||-0.47||259 (high)|
|BaltStroy CJSC||7804079525||9,260.63||-42.33||-0.12||210 (high)|
|GeneralConstructionCorporation OJSC||7804017141||4,706.77||-101.171||-1.35||191 (highest)|
|INTARSIA LLC||7801020442||6,831.08||-204.20||-1.15||218 (high)|
|GazpromInvest Zapad LLC||7810483334||8,722.21||-264.29||-1.75||274 (high)|
|Blok House Building Factory CJSC||7813007012||7,705.27||-1,739.89||-2.23||195 (highest)|
Upon the results of selection the leader in turnover in St. Petersburg – LenSpetsSMU CJSC – has also the highest value of net liabilities. However, the debt burden ratio of this enterprise is at a rate acceptable for further development, which is confirmed by the highest GLOBAS-i Solvency Index. Kompakt CJSC is in a similar situation. According to 2011 indicators, the company also has substantial revenues and rather low net liabilities index confirmed by low debt burden coefficient and high solvency index.
Renaissance Construction CJSC and CC Dalpiterstroy LLC with modest amount of net liabilities have slightly higher debt burden index value; however, the highest and high solvency index assigned to the construction companies allows feeling no fear about the future activity of enterprises.
All other companies in ranking have negative net liabilities index and, accordingly, negative debt burden coefficient. Such indicators appear due to prevalence of cash money over short-term and long-term liability, as well as to absence of losses in the structure of balance sheet figures of the companies.
Despite rather high net liabilities indicators found in some of enterprises in the ranking, as well the debt burden ration, all ten enterprises were assigned with highest and high GLOBAS-i Solvency Indices. Risk of their monetary default is insignificant.
Active involvement of borrowed funds is a prerequisite for efficient operation of major construction organizations. At the same time substantial revenues, sustainable market position and established relations with suppliers and contractors allow speaking about the considered companies as reliable counteragents.