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At the end of 9 months of 2013, 'Peleng', 'Gomel Chemical Plant' and 'Brestgazoapparat' took lead in ranking of efficiency of major OJSCs of Belarus

Ratings
18:59 | 21.01.2014 | Business-News

At the end of 9 months of 2013, 'Peleng', 'Gomel Chemical Plant' and 'Brestgazoapparat' took lead in ranking of efficiency of major OJSCs of Belarus

BUSINESS NEWS prepared the ranking of efficiency of major OJSCs of Belarus (except for banks).

 

OJSC ''Peleng'' obtained the highest number of points. It is a leading design and engineering enterprise of the Republic of Belarus in the area of optical-electronic instrument engineering. The enterprise gained 1,405 points in the ranking and obtained high marks on all five indicators. The average number of employees at the enterprise is 2,030 people. Commenting to BUSINESS NEWS, the representative of the OJSC ''Peleng'' noted, that in general the results of 2013 are positive thanks to an appropriate choice of the production development strategy, estimation of the perspectives of sales markets and their demand 3 years ago – this is an approximate period for development and implantation of new technologies and manufacturing of new products. The enterprise expects maintenance of positive dynamics in 2014. In those sectors where the products of the OJSC ''Peleng” are in demand stagnation is not expected, which is confirmed by signed contracts and preliminary negotiations with partners.

 

Second place with the result of 1,373.5 points is held by OJSC "Gomel Chemical Plant". The enterprise occupies 13th place in terms of the total amount of net profit among all OJSCs of Belarus at the end of 9 months of 2013. As it was clarified to BUSINESS NEWS at the enterprise, high results were achieved against quite a difficult situation in the global mineral fertilizers market. The conflict between''Belaruskali'' and ''Uralkali'' had a negative effect. Losses in exports prices by the end of 2013 had been 20 %. The decline in prices was not fully compensated by the growth of physical amounts of supply. The enterprise does not expect considerable improvement of situation in external markets in 2014. The situation in the domestic market will depend on the financial solvency of agricultural enterprises.

 

Despite the decline in manufacture and sales in 2013, the JE OJSC "Brestgazoapparat" managed to take third place in the ranking of efficiency with the result of 1,364 points. The activities of the enterprise were affected by the failure of construction sector to commission the planned amount of housings. At the end of the year, it is possible to expect degradation of positions on the ranking due to tentative decline in the consumer market and reduction of salaries. The enterprise underscores degradation of payment discipline from the part of trade, due to default of payments, shipments are stopped to a number of retail shops. In 2014, the situation will depend on numerous factors, the principal among which will be exchange rate policy and completion of housings commissioning plans.

 

The OJSC "Molochny Mir" and OJSC "Baranovichi Milk Processing Plant" note similarity of results and close stances on the most difficult aspects for their enterprises. High results (4 and 7 place, respectively) are explained at the enterprises by favourable external pricing environment, and they expect that the situation will remain the same in 2014. The enterprises worry about the increase in procurement prices of milk without the right to increase retail prices which may lead to "erosion" of products from the domestic market and  problems with the availability of the variety of dairy products. The enterprises count on the growth of milk production in 2014, which will allow them to build up their exports potential of supplies and improve financial indicators.

 

The fifth place in the ranking is held by the OJSC "LMZ Universal" which manufactures and overhauls equipment for the enterprises of potash and chemical industries. The activities of the enterprise depend on the situation in mining industries. Manufacture of potash and coal reduced considerably in 2013. In Russia within 2 years 30 out 62 mines at Kuzbass will be closed due to losses (the reason is low oil prices). Meanwhile, crisis in iron and steel industry has a positive effect on the enterprise, rolled metal products prices have been decreasing within over 1 year. The forecast for 2014 is negative, the uncertainty with the investment plan of the main consumer – OJSC "Belaruskali" – make impact on possible results of activities in 2014. There are reasonable apprehensions that in 2014 the crisis may affect entire mining machinery manufacturing industry, in which over 5,000 people are involved in Soligorsk alone.

 

OJSC "Minskpromstroi", with 11th place in the ranking of efficiency of OJSCs, is satisfied, in general, with the results of 2013, however, express disquiet with the perspectives for 2014. The state is the main customer of the enterprise, and there are certain problems with the promptitude of financing construction of facilities. In some cases the enterprise has to suspend works at facilities. even budgetary ones, because otherwise it is possible to become financially insolvent within a short period, 2-3 months.

 

Two beer manufacturers found their places among 20 most efficient OJSCs. These are OJSC "Brewery Olivariya" (12) and OJSC "Lidskoe Pivo" (16). Both enterprises increased manufacture of beer by over 10 % in 2013 against the results of 2012. The share of the brewery "Olivariya" in the domestic market was 24.4 % at the end of 2013 (Belgospischeprom concern data) and grew by 2.4 % against the results of 2012. Enterprise’s positions in the market improved due to successful innovations (in particular, commissioning of the production of "Zhigulevskoe" beer), efficient development of brands, and improvement of sales technologies.

 

The share of "Lidskoe Pivo” in the domestic market grew to 20.5 % (Belgospischeprom concern data), and sales in May were the greatest among the enterprises of the group Olvi for the first time in the history of the company (the Finnish concern owns 92 % of shares of the OJSC ”Lidskoe Pivo”). The enterprise plans to maintain results at the level of 2013.

 

OJSC "DorORS" obtained the 13th place. The enterprise holds about 10 % of the total output of vegetable in Belarus and about 30 % of the total output of flowers. The network of shops includes about 200 facilities. The enterprise has a versatile structure of business and does not plan to reduce the number of types of activities. The Ministry of Transport has been the owner of the enterprise since 2010.

 

OJSC "Gomelskoe PA Crystal – managing company of holding "CRYSTAL-HOLDING" obtained 18th place in the ranking. Financial results of the company were influenced by the transfer of counting to accrued method, which increased the income, exempt from taxes. The enterprise managed to build up export by 70.9 %, the end of the year saw the reduction of demand for the products, including external markets.

 

Excessive number of employees, degradation of situation with payment discipline of counter-parties, negative situation in the number of external markets, key to Belarus, in particular, mineral fertilizers market, can be named as common factors which affected the efficiency of the activities of OJSCs at the end of 9 months of 2013. The enterprises, interrogated by BUSINESS NEWS, have a common opinion with regard to relatively difficult condition of work in 2014, although they hope to repeat high results, achieved in 2013.

 

TOP-21 of the most efficient OJSCs of Belarus (except for banks)

 

Final place in the ranking

Name

Ranking per

profit (loss) before taxation

Ranking per

profit (loss) before taxation per one employee

Ranking per

profit (loss) from sales of products, goods, works, and services

Ranking per profit (loss) from investment, financial and other activities and other incomes and expenses on current activities

Ranking per

net profit (loss)

Final ranking

1.

PelengOJSC

333

335

342

65

330

1 405

2.

Gomel Chemical PlantOJSC

331

325

337

54,5

326

1 373,5

3.

Bresgazoapparat JEOJSC

327

317

326

73

321

1 364

4.

Molochny MirOJSC

316

327

313

49

313

1 318

5.

LMZ UniversalOJSC

308

329

293

44

305

1 279

6.

KeraminOJSC

314

293

271

74

308

1 260

7.

Baranovichi Milk Processing Plant OJSC

304

337

286

25

300

1 252

8.

OJSC Smolevichi Broiler

315

283

312

6

316

1 232

9.

Polotsktransneft DruzhbaOJSC

292

330

261

58

290

1 231

10.

VESTAOJSC

285

259

243

61

284

1 132

11.

MinskpromstroiOJSC

273

304

238

33

278

1 126

12.

Brewery OlivariyaOJSC

300

333

285

-95

296

1 119

13.

DORORSOJSC

305

245

290

-28

301

1 113

14.

Grodno Tobacco Factory "Neman" OJSC

338

342

347

-267

333

1 093

15.

MogilevliftmashOJSC

330

309

339

-216

325

1 087

16.

Lidskoe PivoOJSC

323

339

328

-224

319

1 085

17.

OJSC Minsk Milk Processing Plant No.1

313

322

314

-182

309

1 076

18.

Gomelskoe PA Crystal – managing company of holding CRYSTAL-HOLDING  OJSC

326

338

334

-246

320

1 072

19.

Mozyr RefineryOJSC

342

341

352

-309

337

1 063

20-21.

Gomeltransneft DruzhbaOJSC

339

343

350

-311

334

1 055

20-21.

MozyrsolOJSC

303

318

295

-152

291

1 055

 

* Data for 9 months is not compared to data for 6 months because the methodology for the preparation of the Ranking of efficiency of OJSC was changed.

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