Current investment opportunity offers CROWDESTOR investors to make a secured loan to company HH Trade which is a wholesale food trade company in Latvia and looking for working capital.
Current investment opportunity offers CROWDESTOR investors to make a loan with 12% annual interest rate.
Minimum target to be raised in CROWDESTOR platform is EUR 30 000,00, and the supreme goal is EUR 130 000,00.
Minimum target: EUR 30 000,00.
Maximum target: EUR 130 000,00.
Loan term: 5 months.
Interest rate: 12 % per annum.
Interest payments: paid monthly
Loan repayment: In full at the end of the Loan Term.
Crowdestor BuyBack fund: Yes.
Collateral: The loan is secured by a guarantee of the borrower company and pledge on real estate.
Remember - interest rate payments start calculating from the day you make your investment!
The company is registered in the Register of Food Veterinary Service of the Republic of Latvia under No. 071715 as of June 1, 2016. The company's main occupation for the last 5 years is the wholesale of groceries. They focus on intermediation between producer and consumer and on sales at a low mark-up. The company’s turnover in the last 3 years ranged from 4.5 to 5 million euros. The company market is Baltic states, but mainly it's Latvian market.
Usually, the goods delivered are paid in advance, but for bigger clients company offers post-paid (30-90 days) terms so that the buyer can be sure of the quality and quantity of the goods ordered.
The company uses outsourcing of transport and warehousing to reduce costs. The warehousing services are used in two Latvian cities - Riga and Liepaja. Goods from Riga warehouse are delivered to customers in the central part of the Latvia and Estonia. Goods from a warehouse in Liepaja are delivered to Kurzeme region (Latvia) and Lithuania.
All logistics are organized in such a way that the goods are fast-moving in and out of the warehouse. For example, when the cargo enters the warehouse without unloading goods from the truck, it is checked whether the cargo is in order, it is not damaged during transportation and appropriate quality certificate are in order. This saves the costs of unloading, loading and storage of cargo. The companies who have worked with the borrower are main grocery chains in regions such as Rimi, Maxima, Top and Aibe.
The range of company offered products consists of rapeseed and sunflower oil in various packages ranging from litre packaging for grocery chains to 24-ton tanks delivered to food factories. The oil is mainly imported from Estonia and Poland.
Various brands of cheese sold to grocery chains are imported from Lithuania.
Sugar in different packages, 1kg pack for shops, big bag pack for production sites is imported from Poland.
Dalmayer, Jacobs, Tchibo brand ground coffee, is marketed to chain stores.
The company also sells dried fruits and nuts, which are sold to other wholesalers in Latvia, who sell their products to Horeca-type companies, as well as to various bakeries and confectioneries.
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