General description of the enerprise

OOO TK "Krestovskiy" - a company in the retail confectionery.

Study enterprises is a legal entity under the current legislation of the Russian Federation, has its own balance, round seal, current accounts, stamps, logo and duly registered trademark.

Years of successful work aimed at the development of the brand and expand its product line, the development of new and interesting products, allowed the investigated enterprises to achieve recognition on the part of consumers, generate loyalty to the brand TC "Krestovskiy."

Evaluation of financial risks

Financial - economic activity of OOO TK "Krestovskiy" exposed to many types of financial risks:

• The risk of insolvency;

• Inflation risk;

• Tax risk.

We estimate the probability of these types of financial risk and carry out a quantitative evaluation.

To assess the risk (insolvency) bankruptcy OOO TK "Krestovskiy" use domestic and foreign techniques.

The most well-known foreign models diagnosis of bankruptcy are:

- Five-factor model of Altman for companies whose shares are not publicly traded;

- Four-factor model of Lis;

- Four-factor model Tafflera.

Altman five-factor model has the following form:

Z = 0,717Х1 + 0,847Х2 + 3,107Х3 + 0,42Х4 + 0,995Х5

Practical recommendations

The resulting estimates of financial risks can be used in the methods, techniques and methods of risk management, particularly in how to reduce the negative effects in the preparation of recommendations for the company.

Develop for OOO TK "Krestovskiy" measures aimed at reducing the negative effects of financial risks.

In order to reduce the negative consequences of default risk (improper performance) of contractual obligations by contractors is necessary to improve the contractual relationship. In contracts for the supply of goods is advisable to install the payment of fines or penalties for late performance of suppliers. Dimensions penalties and fines should fully recover all financial losses OOO TK "Krestovskiy" (loss of income, loss of inflation, etc.).

Given the availability of outstanding receivables, OOO TK "Krestovskiy" is recommended to create a reserve for doubtful accounts. To OOO TK "Krestovskiy" appropriate to provide for the formation of accounting policy in provision for doubtful debts for tax purposes.

Allowance for doubtful accounts can only be used to cover losses from bad debts. In tax accounting allocations to reserve evenly included in non-operating expenses.

The negative effects of risk reduction in sales of goods OOO TK "Krestovskiy" due to an unforeseen increase in competition can be reduced only by expanding the range of products (confectionery). Analysis shows that the company is not covered by this segment.

Calculate the cost-effectiveness of the allowance for doubtful accounts. The provision is subject to the following rules:

1) if the debt was formed more than 90 days ago, the entire amount of the reserve is included;

2) when the debt arose from 45 to 90 days (inclusive), the reserve deduct 50 percent of this amount;

3) on the debt, which are not even 45 days, the reserve did not increase.

Days counted from the moment of occurrence of the receivable and the date of payment, which is specified in the contract or invoice.

The timing of receivables	Accounts receivable, ths. Rub.	The percentage of contributions to the reserve,%	The amount of contributions to the reserve, ths. Rub.
45 days	3852	-	-
from 45 to 90 days	2364	50	1182
more than 90 days	435	100	435
Total	6651	x	1617

As a result, on December 31, 2014 allowance for doubtful accounts is equal to 1,617 thousand. Rub. This is less than 10% of sales for the year:

205,054 thousand. Rub. x 10% = 20,505 thousand. rub.

Cost-effectiveness of the proposed measures is to reduce the income tax OOO TK "Krestovskiy" at the rate of 24% of the amount of provision for doubtful debts:

1617 thousand. Rub. x 24% = 388 thousand rubles.

The economic effect of expanding the range of goods OOO TK "Krestovskiy" is difficult to calculate.