Amount of creditor`s claim is defined without reference to minimum wage. In case of claim`s nonfulfillment the Central Bank of the RF is obliged to revoke license of a credit institution.
According to the amendments, made by the Federal Law as of May 29, 2019 №105-FL to the Articles 11.1 and 20 of the FL «On Banks and Banking Activities» and to the Article 189.64 of the FL «On Bankruptcy», the Central Bank is obliged to revoke license on banking operations, in case a credit institution is unable to meet creditor`s claim on monetary obligations or perform obligatory payments during 14 days since the date of approval or execution. These claims must collectively amount to not less than thousand fold of minimum wage, regulated by the federal legislation. Currently such claims are defined by the law in an amount of at least 100 000 RUB.
The same demands are applied to the bankruptcy claims to the Arbitration Court. Bankruptcy proceeding is initiating if total amount of claims to the bank is not less than thousand fold of minimum wage, and claims amount is also defined as 100 000 RUB.
Subscribers of the Information and Analytical system Globas can learn about activities of all banking, non-banking credit institutions and its branches with active licenses. Besides, information about all credit institutions and its branches with withdrawn licenses is also available. More than 6 700 banks are presented in Globas, including data about 862 active banks, and archival data and about 150 thousand organizations, regulated by the Central Bank of the RF.
Information agency Credinform represents a ranking of the largest Russian enterprises engaged in processing and preserving fish and seafood. The 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 (2015 - 2017). They were ranked by equity turnover ratio (Table 1). The analysis was based on the data of the Information and Analytical System Globas.
The ratio indicates the rate of equity turnover. High value speaks about effective equity management, and the low one is indicative of some equity idleness.
The experts of the Information agency Credinform, taking into account the actual situation both in the economy as a whole and in the sectors, has developed and implemented in the Information and Analytical system Globas the calculation of practical values of financial ratios that can be recognized as normal for a particular industry. For fish processing companies, the practical value of equity turnover ratio is from 3,74 times in 2017.
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.
|Name, INN, region||Revenue, million RUB||Net profit (loss), million RUB||Equity turnover, times||Solvency index Globas|
|TORGOVY DOM BALTIISKIY BEREG COMPANY LIMITED
INN 7804500052 Saint Petersburg
|LLC RUSSIAN FISH WORLD
INN 5074018058 Moscow
INN 4100000530 Kamchatka territory
In process of reorganization by spin-off since 11.06.2019
|JSC FISH PROCESSING PLANT №1
INN 7805024462 Saint Petersburg
|LLC VICHUNAI RUS
INN 3911008930 Kaliningrad region
|JSC INDUSTRIAL AND BUSINESS ENTERPRISE MERIDIAN
INN 7713016180 Moscow
|FGUP ARKHANGELSKOE AT THE FEDERAL PENITENTIARY SERVICE
INN 3621005430 Saint Petersburg
In process of reorganization in the form of transformation since 21.05.2018
INN 4109002780 Kamchatka territory
|JSC OZERNOVSKY FISH CANNING PLANT №55
INN 4108003484 Kamchatka territory
|JSC RUSSIAN SEA
INN 5031033020 Moscow region
|Total for TOP-10 companies||58587||66136||8526||5537|
|Average value for TOP-10 companies||5859||6614||853||554||12,01||25,26|
|Industry average value||127||129||14||12||6,43||3,74|
— growth of indicator to the previous period, — decrease of indicator to the previous period.
The average indicator of equity turnover ratio of TOP-10 companies is above the industry average and practical values. In 2017, three companies of TOP-10 increased their figures.
Over the past 10 years, the values of equity turnover ratio have a trend to decrease (Picture 2).