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Meat processing factory (VII)
100% Funded

100%
100%
Need:0.00€
Min.:0.00€
Interest rate:28.5%
Period:12 months
Target: 50 000€
Min. target: 10 000€
Opens: 2020/08/21
Expires: 2020/09/11
Type: SME
Location: Latvia
Investments: 292

SUMMARY

Current investment opportunity offers CROWDESTOR investors to make a business loan in the amount of EUR 50 000 to the meat processing factory SIA Ramatas Plus. This is the 7th investment round. 

** See the full Credit report in attachments.

The meat processing company Ramatas Plus continues to expand its presence in the retail sector in the Baltic market, complementing the daily assortment of meat products in large supermarket chains.

Today market of meat and meat products is characterized by increased competition and is also influenced by changes in consumer behavior patterns. Consumer preferences on the choice of meat products in the context of the COVID-19 pandemic has been redistributed. Sales have shifted towards chilled semi-finished products and are showing almost double-digit growth compared to the whole meat market.

Consumers are willing to pay more for chilled high-quality semi-finished products produced from a whole piece and minced meat - "kupaty" and cooking sausages. From the consumer's point of view, with a solution that offers the convenience and speed of cooking, this is a great option for home lunch or dinner. The short shelf life of chilled semi-finished products does not scare consumers - they solve this issue by storing products in the freezer, buying them in reserve.

The company has long-term partnerships with food retail chains - RIMI Baltic, MAXIMA GRUPĖ, Top!, CITRO, Mego, Baltstor, Lats, Elvi, Beta, Sanitex, Aibe, Depo and other supermarket chains and has existing supply agreements.

In order to ensure this stage of the expansion plan, we strive to raise the necessary funds for the successful launch of a line of high-quality chilled semi-finished products in the high price segment in the Baltic market, therefore the company needs additional financing of 50,000 euros.

Investment opportunity

Current investment opportunity offers CROWDESTOR investors to make a loan with a 28.5 % annual interest rate with a monthly repayment of the principal amount and interest. Minimum target to be raised in this fundraising phase is EUR 10 000,00 and the maximum target is EUR 50 000,00

Security provided

The loan is secured with a corporate guarantee by the Company and a personal guarantee from Company shareholders. 

Loan

Minimum target: EUR 10'000

Maximum target: EUR 50'000 

Loan term: 12 months

Interest rate: 28.5 % per annum

Interest payments: paid monthly

Loan repayment: repaid monthly in similar installments

Crowdestor Provision fund: Yes. 

Collateral: Personal guarantee from company management.

 

Funds raised in the previous investment rounds:

Round 1: 65 500 EUR
Round 2: 40 000 EUR
Round 3: 40 000 EUR
Round 4: 40 000 EUR
Round 5: 50 000 EUR
Round 6: 50 000 EUR
In total: 235 500 EUR
 

Message from Ramatas Plus CEO

Dear Investors,

I would like to use this opportunity in our new fundraising campaign, to tell you more about the progress of the initial campaign, where through your investment we were able to raise 65,000 euros for working capital to expand sales of meat products in MAXIMA Estonia, the allocation of funds has been executed, and the results obtained to date are consistent with the original plan.

First of all, I would like to thank all of you, who consider our campaign as a promising investment opportunity and help us lead our business to further success.

The initial fundraising investments were used to finance the cooperation and distribution of meat products in the MAXIMA Estonia food retail chain, which are sold at the planned extra charge. Sales of these products have exceeded the plan already by 12%, meaning that the turnover of stock is faster.

Therefore, here we present our new fundraising campaign to ensure rapid expansion.

Best,

Jelena Agapova

 

OPPORTUNITY TO GROW

Since the company’s initiation, there has always been a focus on the client. The current pace of life of the consumer does not give him the opportunity to spend time on a long search for food products and their preparation. This fact obliges us to produce products convenient for the consumer. At the same time, products must be of high quality and diverse.

Today we can say that in the categories of meat products the company has established itself well and is profitable. Taking into account our customers and market knowledge, the decision to expand our product line was simply logical and pragmatic.

The financial goal is to use this extension to increase profitability. To establish a significant market share, working capital is of great importance, which creates an opportunity for both Investors and the company.

 

COMPANY PROFILE

The meat processing company Ramatas Plus has been operating in the market since 2014 and successfully cooperates with the largest retail chains in the Baltic region, such as RIMI Baltic and MAXIMA GRUPĖ.

Ramatas Plus is one of the leading suppliers of meat products in the Latvian market. The company's aim is to continuously supply its best products to food retail chains in the Baltic countries.

Careful work is aimed at successful cooperation with leading retail chains. The main customers of the company are RIMI Baltic, MAXIMA GRUPĖ, Top!, CITRO, Mego, Baltstor, Lats, Elvi, Beta, Sanitex, Aibe, Depo and others.

 

ABOUT THE COMPANY

Name of the company

RAMATAS PLUS, SIA

Registration number

40103734514

Registration date

25.11.2013

Registration country

Latvia

Legal address

Granīta iela 10, Rīga, LV-1057

Shareholder

Agapova Jeļena

Board member

Agapova Jeļena

Actual address

Granīta iela 10, Rīga, LV-1057

 

Financials & ratios

 

Year of financials

2018

Currency

EUR

Revenue

12 426 045

After tax profit

352 491

Number of employees

34

Equity capital

20 740

Tax debt / revenue ratio

0,04%

Liquidity ratio

1

Return on assets

25

Link to publicly available sources

https://company.lursoft.lv/ramatas-plus/40103734514?l=en

Attachments

Lursoft Financial report; CROWDESTOR Credit report

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