Krioni´s failure model

Our rating process involves a comprehensive quantitative and qualitative analysis of a company's balance sheet strength, operating performance and business profile. This includes comparisons to peers and industry standards as well as assessments of an insurer's operating plans, philosophy and management.

BANKRUPTCY RISK FOR SMALL BUSINESSES IN RUSSIA AND WAYS TO CONTROL IT
Language: Russian
Written by: Alexander Ye. KRIONI
Publication in magazine "Management in Russia and abroad"
Publication date: October 27, 2008
As a private detective, the author of this paper has had to concern himself for many years with matters of bankruptcy risk assessment in general and the insolvency risk of businesses in this country in particular. He could hardly have missed the importance of certain business practices of national small businesses with significant implications for the procedure of bankruptcy assessment. What is more, since a certain point in time (August 2008) the question of insolvency risk assessment has become even more pressing and has developed quite a few aspects, related, on the one hand, to the September crisis of the global financial system and, on the other, to the author’s various practical and sometimes successful attempts to address the question of bankruptcy forecasting in the context of business practices of small businesses in Russia. All of the above prompted the author to undertake a special project to look into early-warning bankruptcy assessment for micro and small businesses in this country. The investigation that followed, which involved auditing a number of small businesses, bore out his hypotheses rather than shaking them. The project has culminated in this paper. Its purpose is quite modest. It consists for the most part in sharing the experience of a private detective, who has undertaken to provide early-warning bankruptcy assessment, presenting the keynotes of this experience in an organized form, and using it to develop such guidelines as may be most relevant.

FINANCIAL INTEGRITY INDEX: THE BANKRUPTCY RISK ASSESSMENT FOR RUSSIAN COMPANIES
Language: Russian
Written by: Alexander Ye. KRIONI
Publication in magazine "Management in Russia and abroad"
Publication date: April, 2009
Lately one has often been hearing of measures taken by the tax authorities to control ‘fly-by-night’ companies. But this acute problem has been addressed half-heartedly and inadequately, based on no legislative initiative. As a result, the measures put in place by the government to control the activities of unscrupulous entities even now fail to serve the interests of medium and small businesses. The financial crisis which started in 2008 has boosted swindlers' demands for the services of phoney companies, and in so doing endangered the financial position of the country’s entrepreneurs and society as a whole. This goes against the grain of goodwill and the practice of fair play between business partners.

ÎÑÎÁÅÍÍÎÑÒÈ ÎÔÎÐÌËÅÍÈß ÄÎÃÎÂÎÐÍÛÕ ÎÒÍÎØÅÍÈÉ ÌÅÆÄÓ ÀÄÂÎÊÀÒÎÌ È ×ÀÑÒÍÛÌ ÄÅÒÅÊÒÈÂÎÌ
Language: Russian
Written by: Alexander Ye. KRIONI
Publication in magazine "Ñîâåòíèê Þðèñòà" ¹1, 2010

ÔÈÊÒÈÂÍÀß ÄÅßÒÅËÜÍÎÑÒÜ ÏÎÑÐÅÄÍÈ×ÅÑÊÈÕ ÔÈÐÌ
Language: Russian
Written by: Alexander Ye. KRIONI
Publication in magazine "Ñîâåòíèê Þðèñòà" ¹2, 2010

FIVE CHARACTERISTICS OF A FICTITIOUS ENTERPRISE
Language: Russian
Written by: Alexander Ye. KRIONI
Publication in magazine "Management in Russia and abroad" ¹3, 2010
In approaching this case study, it is necessary first of all to ask oneself the following questions: what is a fictitious company, how does one differ from other, similar organizations, and what are the special characteristics that give it the right to exist and form the basis of its economic activities. Every day, the problem of fictitious enterprises – ‘fly-by-night companies’ – grows faster and faster. A practical solution is connected to a whole host of important economic, legal, and social interests. And nevertheless, surprising though it may be, the question formulated above has not only failed to receive a clear and decisive answer, but in fact has not even been clearly articulated. It stands to reason that the ambiguity and multiplicity of notions referring to the merits of the case represent one of the main barriers to legal and vitally important resolutions. Meanwhile, in this ambiguity of the basic understanding, one must think if it is hiding ‘invisible’ problems. In order to arrive at a more precise definition of the characteristics of a fictitious organization, we must pay attention to the details of its functioning, peculiar to fly-by-night operations.

ÏÎÄÏÈÑÜ ÏÎÄ ÄÀÂËÅÍÈÅÌ. Vi Coactus
Language: Russian
Written by: Alexander Ye. KRIONI
Publication in magazine "Ñîâåòíèê Þðèñòà" ¹3, 2010

ÝÂÎÊÀÖÈß. ÍÀÄËÅÆÀÙÅÅ ÈÇÂÅÙÅÍÈÅ ÎÒÂÅÒ×ÈÊÀ  ÌÅÆÄÓÍÀÐÎÄÍÎÌ ×ÀÑÒÍÎÌ ÏÐÀÂÅ. ÏÐÎÖÅÑÑÓÀËÜÍÎÅ ÏÎËÎÆÅÍÈÅ ×ÀÑÒÍÎÃÎ ÄÅÒÅÊÒÈÂÀ ÏÐÈ ÈÇÂÅÙÅÍÈÈ ÎÒÂÅÒ×ÈÊÀ ÈÍÎÑÒÐÀÍÍÛÌ ÑÓÄÎÌ
Language: Russian
Written by: Alexander Ye. KRIONI
Publication in magazine "Ñîâåòíèê Þðèñòà" ¹5, 2010

ÈÍÔÎÐÌÀÖÈÎÍÍÎ-ÀÍÀËÈÒÈ×ÅÑÊÎÅ ÎÁÅÑÏÅ×ÅÍÈÅ ÄÅßÒÅËÜÍÎÑÒÈ ×ÀÑÒÍÎÃÎ ÄÅÒÅÊÒÈÂÀ
Language: Russian
Written by: Alexander Ye. KRIONI
Publication in magazine "Ñîâåòíèê Þðèñòà" ¹8, 2010