- Why did the INVAS - Tacis project and
Nizhny Novgorod Currency&Stock Exchange establish the
online database Investment RUSSIA?
In most Western countries many enterprises,
both large and medium-sized, have the possibility to finance
their investment projects by means of securities issues.
In Russia, the Stock market access is largely limited
for the majority of local companies. This makes Russian
companies to postpone their investment projects until
"the better times". In the national economy scale, such
a situation slows down private business development and
economic growth of the country.
The Investment RUSSIA project, including the
web site, is conceived as a partial way out for the most
dynamic top managers of companies and investment projects.
The project allows to simplify direct investors search,
in order to launch particular projects in the territory
or Russia and the CIS countries.
- Why does my company need this web site?
Information about the projects, which are
published on the web site, is directly delivered to foreign
and local investors in the format of a simplified business
plan. Each business plan includes three main sections:
(a) brief company information, (b) detailed description
of every particular investment project, (c) yearly financial
statements for any number of previous years.
By registering your company and by entering
essential information about it, you can create a high-quality
standardized online presentation for your investment project.
This presentation can be easily found and accessed through
the database at one of the web addresses - www.InvestmentRUSSIA.com
or www.InvestmentRUSSIA.ru.
Having once created an entry for your company, you receive
the possibility to add unlimited number of new investment
projects, as well as financial reports for any number
of years. The web site will help you create a quality
business plan in the easily readable international format.
On this site, you may in 30-60 minutes create
a presentation, which can be easily understood by an investor,
and, what is most important, to publish business plans
for all projects that you are working on at the moment.
- Why should anyone administer information
that I enter into the Web site?
One of the main features of the Investment
RUSSIA project is its general availability to both enterprises
and investors. The main side effect of such approach is
the possibility that unsolicited information be entered
into the system, having no relationship to investment
issues. In order to avoid a situation when the database
could become filled with lots of wasteful data, one or
several administrators are appointed in each region. The
administrator is responsible for proof-reading information
that is being entered, correcting minor mistakes, and
allowing the data for publication. This means that information
becomes visible to investors in exactly the same format
as it was entered by companies themselves.
- How will investors, particularly foreign,
eventually find this web site and my company in it?
The INVAS project of the European Tacis programme
maintains extensive relationships with Western, primarily
Western European economic institutions. Among them are
stock exchanges, business unions, chambers of commerce
and trade, various international organisations. Most of
such organisations have their Internet resources with
an established audience.
One of the ways to represent this site to
foreign investors could be to place links to the Investment
RUSSIA database at corresponding Internet sites.
In addition to this, the site is a fully bilingual
resource, which is located in an international domain
.com. It will be available to investors in the most widely
visited business catalogues and search engines in the
English part of the Internet.
Finally, the launch and maintenance of the
site will be accompanied with a number of public events,
which are aimed at informing and attracting potential
investors. All the project participants plan to include
promotion of the site in the schedule of their public
activities, such as presentations, printed publications,
regular bulletins, press-releases and press articles.
- Shouldn't it be better to allow companies
to publish more details about their projects?
Developers of the database Investment RUSSIA
have intentionally limited the number of project-related
issues, which can be covered by the companies in the database.
The reason is that the main purpose of the database is
to standardise to the maximum extent all investment project
information from various regions and industries, in order
to facilitate investors the search of the most attractive
enterprises.
At the same time, the database does not limit
the amount of information that can be entered into each
section of the business plan. Neither does it limit the
number of business plans to be entered into the database
through Internet. While companies can also submit their
yearly financial information, all this gives them sufficient
possibilities to adequately represent their investment
projects.
- Is it true that all companies' financial
reports entered into the system, are automatically converted
into GAAP / IAS format?
Please pay attention that the Russian accounting statements translated
by the file ABALANCE.XLS
, cannot be considered as the GAAP / IAS accounts in the
strict sense. The workbook ABALANCE.XLS produces only
the mechanical translation of the Russian Balance Sheet
and Income Statement, in order to make them easily readable
by Western investors. The conversion program can not account
for all differences between the Russian and the International
accounting standards. A proper conversion would have required
participation of professional auditor in each particular
case.
- Can the project administrators guarantee
the true nature of published information?
We specifically emphasise that the regional
administrators verify only the adequacy of information
being entered through the web site, but not its correctness.
To provide the true and reliable information is the sole
responsibility of each particular company, which submits
information.
Administering the database includes its viewing,
editing and allowing for publication of the projects,
which are submitted by companies themselves. At the same
time, participants and administrators of the project assume
no responsibility for the true and correct nature of the
published information.
- How to read financial ratios that are
automatically calculated on the basis of companies' financial
reports?
The bottom part of the company financial information section shows
financial ratios, which are calculated on the basis of
financial and accounting reports. In order to study and
better understand them, it is recommended to visit the
separate sheet of the Excel workbook ABALANCE.XLS
that you can download from this page by clicking on its
link marked in blue colour.
It is important to keep in mind that financial
ratios presented in the database, as well as financial
reports themselves cannot be sufficient for defining the
company financial standing. These documents can efficiently
serve for comparing different companies between each other.
- How can I publish information about my
company's investment projects?
In order to enter information about a new
company, you have to click on the "Add a project" link
inside the section "Investment projects", and
to copy your individual 12-digit identifier that will
appear on the screen. Beneath, you will have to enter
twice your new password. On the same page, you should
indicate the full name of the company in Russian and in
English, as well as - in Russian - the industry type and
the region of its activities. At the end, by pressing
on the "Submit information" button, you will be automatically
transferred into the "Data entry" section.
In order to change or delete any information
in the database, enter your 12-digit identifier and your
password. You will also be automatically transferred into
the "Data entry" section.
When your company is already registered, you
may enter into the information editor right from the section
"Change a project", by entering your identifier
and your password. In the "Data entry and modification"
section you may (a) modify general company information,
(b) create a new investment project or modify the existing
one, as well as to (c) create another year of yearly financial
statements or to modify an existing one.
Please note that you may find more detailed
instructions on each particular page of the site in the
bottom of corresponding pages. In order to jump to the
instructions, please click on the "help" link on top of
each page.
- Do I have to enter simultaneously all
information about my company, its financial reports and
investment projects?
No, you are free to decide the order and the
time, in which to enter information about your company.
For example, today you may register your enterprise in
the system, and to get familiar with the sequence of work
with the site. A 12-digit identifyer will be immediately
assigned to your company - you should write it down for
future reference. Your should assign a new password for
your company and enter it in the same page. Please note
that you may find more detailed instructions on each particular
page of the site in the bottom of corresponding pages.
In order to jump to the instructions, please click on
the "help" link on top of each page.
In the future, you will be able to enter the
section [enterprises login] at any time, and to enter
any changes and amendments right from your individual
page in the database.
- How to enter my Balance Sheet and my
P&L into the system? Answer
The database includes financial information about Russian enterprises
in the format similar to the International GAAP / IAS
standards. In order to convert your reports into the named
format, you should download the Excel workbook ABALANCE.XLS
, by clicking the right button of the mouse on its name
marked blue, and by selecting "Save as".
Please read carefully the instructions on
how to convert financial reports in the first page of
the workbook. You may enter data only in the "Data entry"
page, and only in the fields marked yellow.
You may find that the data entry page does
not exactly match the format of the Russian yearly statement
that you are preparing to convert. However, major sections
of the reports match, and you will find it easy to translate
your financial statements into the database format.
Upon entering your data, you will immediately
get translated data in the pages "Balance" and "P&L".
In these pages, information is represented in the same
format as in the Investment RUSSIA database.
![[English version]](/images/eng/1shapka1a.gif)
![[English version]](/rus/img2/1shapka2.gif){kind=small}
![[Русская версия]](/rus/img2/1shapka3.gif){kind=small}
![[Mail us]](/images/eng/Mail.gif){kind=small}
