Universalremstroy (consolidated)
CONSOLIDATED OJSC Universalremstroy
UNP: 600013408 · Minsk
Identification
Financial statements
k BYN
| Line item | Reporting year | Prior year |
|---|---|---|
| Fixed assets | 386 | 343 |
| Total Section I (long-term assets) | 386 | 343 |
| Inventories | 17 | 11 |
| — materials | 17 | 11 |
| Short-term receivables | 82 | 80 |
| Cash and cash equivalents | 60 | 30 |
| Total Section II (short-term assets) | 159 | 121 |
| BALANCE (assets) | 545 | 464 |
| Charter capital | 891 | 891 |
| Reserve capital | 11 | 11 |
| Additional capital | 612 | 568 |
| Retained earnings (uncovered loss) | -1 008 | -1 041 |
| Total Section III (equity) | 506 | 429 |
| Total Section IV (long-term liabilities) | 0 | 0 |
| Short-term loans and borrowings | 0 | 0 |
| Short-term payables | 39 | 35 |
| — to suppliers, contractors, providers | 2 | 2 |
| — on taxes and duties | 22 | 21 |
| — on social insurance and security | 4 | 4 |
| — on payroll | 11 | 8 |
| Total Section V (short-term liabilities) | 39 | 35 |
| BALANCE (equity and liabilities) | 545 | 464 |
Computed metrics
Integrity checks
Checks passed: 6 of 6
Signals
- Negative real equity: the accumulated uncovered loss of −1,008k BYN exceeds charter capital (891k BYN). The positive total equity (506) rests only on revaluation additional capital (612). On real capital — structural distress.F1.460 · F1.410 · F1.450 · F1.490
- Deep accumulated loss shrinking slowly: F1.460 −1,041 → −1,008 thousand BYN. Annual profit of 33k BYN reduces it at a pace where reaching positive retained earnings would take decadesF1.460 · F2.210
- Microscopic scale: balance sheet 545k BYN, revenue 473k BYN — a head (management) organization with a token operating function of its own; the financials do not reflect the scale of the group it oversees.F1.300 · F2.010
- Profit at every level, with confident growth: profit on sales 37 → 61, net profit 12 → 33k BYN.F2.060 · F2.210
- Positive and growing operating cash flow: 3 → 30k BYN; the cash balance doubled (30 → 60).F4.040 · F1.270
- No credit load at all: neither long- nor short-term loans; liabilities are only current payables of 39k BYN.F1.590 · F1.610 · F1.630
- High formal liquidity: current ratio 4.08, own-working-capital provision +0.76 (on nominal capital).F1.290 · F1.690 · F1.490 · F1.190
Recommendation
A head (management) organization in the construction-and-repair line in Minsk — very small in scale (balance sheet 545k BYN, revenue 473k BYN).
Recommendation: Restructuring. Liquidation is not warranted — the company is operationally profitable, debt-free, with positive cash flow; this is not a hopeless asset. But privatization is premature with negative real capital: the balance sheet needs recovery (clearing the accumulated loss, preferably through recapitalization or reorganization within the group). Since this is the consolidated reporting of a head organization, the decision should account for the condition of the whole overseen structure, not the parent alone.
Why restructuring. On surface ratios the enterprise looks healthy: high liquidity (current ratio 4.08), no loan burden at all, profit at every level of the statement with confident growth (net profit 12 → 33k BYN), positive cash flow. However, the equity structure reveals hidden distress. The accumulated uncovered loss of −1,008k BYN exceeds charter capital (891k BYN); the positive total equity (506k BYN) holds up solely on revaluation additional capital from fixed assets (612k BYN). On real capital — excluding revaluation — equity is negative. This means the company historically ate through its capital and is now only slowly climbing out of the hole: the loss is shrinking (F1.460 −1,041 → −1,008), but current profit of tens of thousands per year would take many years to restore it.
Confidence: MEDIUM. All 6 cross-form consistency checks pass. The score is capped: with negative real equity the model assigns no value above 0.85 regardless of other indicators.