INVEST
€ 37 518
raised
€ 50 000
goal
10.00%
rate
24 MONTHS
duration
Cash-flow
project type
Monthly
% distribution
Commercial pledge
collateral
Stavlaukumu un piestatnu serviss SIA
borrower
1
days left
€ 35 000
MIN amount
Overall risk level
A
B
Financial health
A
Management
A
Company’s record
CALCULATOR
LOAN AMOUNT
RETURN
+
INTEREST
%
DURATION
M
Warehouse premise reconstruction
Stavlaukumu un Piestatnu serviss SIA


The Company as a general builder will work on 1100m2 warehouse development - reconstruction project. For part of a warehouse a rent agreement of intent has been concluded. The Company has experience in participating in the reconstruction projects before and it operates Electric Vehicle (EV) charging stations for more than 4 years.







INVEST
€ 37 518
raised
€ 50 000
goal
10.00%
rate
24 MONTHS
duration
Cash-flow
project type
Instantly
% distribution
Commercial pledge
collateral
Stavlaukumu un piestatnu serviss SIA
borrower
0
days left
€ 100
MIN amount
Overall risk level
A
B
Financial health
A
Management
A
Company’s record
learn more how we grade our projects


ANALYST SUMMARY

We evaluate the Company with a grade A – despite the fact that the Company does not have an excellent financial health ratios, experience of management and Company's track record of operations compensates it. We believe that the Company would be able to repay principal and interest according to the schedule.

GENERAL INFORMATION
  • The Company is registered on 16.03.2015
  • Its main activities include management of real estate and lease and rent and lease of specific machinery
  • There already have been concluded a rent agreement of intent for part of the warehouse.
  • Warehouse will be rented by offering a rent for EUR 2.5/ m2, meaning the reconstruction of the warehouse will pay back in less than 2 years.
  • It has experience in maintenance of EV charging station since 2014
  • The Company will act as an intermediary between subcontractor and its clients that has a proven record of stability
SWOT ANALYSIS
STRENGHTS
Great location close to the city centre
Have experience about the subcontractor
Clear concept and vision from the developer
Warehouse located on the first floor
WEAKNESSES
Cost increase for building material and services
Rest of the territory is still in the developing stage
OPPORTUNITIES
Get a premises in rapidly developing environment for affordable price
Opportunity for tenant to expand easily and adapt environment easily 
THREATS
Increase of construction material prices
Increase of warehouse offers in the surrounding area
Uncertainty due to Covid-19


COMPANY’S FINANCIALS

 

Since 2016 the Company's Turnover has decreased from thousand to EUR 168 thousand, however the Gross profit was kept at the same level, meaning the Company has found goods and services with higher added value. In 2020 the Company's Gross profit margin was 63% and Net profit margin 25%. In 2021 we forecast that the Company's financials will grow due to several new projects.


OUTLOOK OF LATVIA

 

In the past the GDP of Latvia has been growing faster than GDP of EU countries on average. According to International Monetary Fund and European Commission the Economy (GDP) of Latvia will grow faster than the EU average.

Construction accounted for 7% of gross added value for Latvia economy in 2020. Around 50% of total construction volume is carried out using public funding. The Covid recovery plan provides for significant public procurement in construction.

 

In the second half of 2021, a significant increase in the prices of construction services and materials is observed. This is largely due to rising demand and supply shortages caused by economic recovery following the covid crisis and disruptions in global supply chains.

 

Although it is forecasted that construction prices will return to normal, it is important for the customer to stipulate the risk of price increases in the concluded contracts
DOCUMENTS