Refinancing of existing loan & increase of expansion capital 100% invested

Type:
Business
Location:
United Kingdom
Opens:
2018/12/12
Expires:
2019/01/02
Fully invested
still need
0.00€
Min.: 0.00€
target : 140000€
min. target: 40000€
Target:
140000
Minimum target:
40000
Investment period:
9 months
Interest rate:
17 %
Number of investors:
251

Summary

An international transportation company is planning to raise expansion capital allowing further investments into feasible business projects in light of the highly competitive market of the Borrower’s main line of business.

The Borrower owns and manages a fleet of 12 heavy trucks including 5 units of Volvo FH carriers/heavy trucks, 5 units of Mercedess Benz Actros carriers/heavy trucks and 2 units of Scania carriers/heavy trucks.

The Borrower, as a subcontractor to international logistics company LKW WALTER Internationale Transportorganisation AG, provides logistics services for the transportation of cargo by road in territory of United Kingdom, Spain and France.

Current investment opportunity offers CROWDESTOR investors to make a loan with 17% annual interest rate which is paid every month.

Minimum target to be raised in CROWDESTOR platform is EUR 40 000,00 and the maximum target is EUR 140 000,00.

 

Loan

Minimum target – EUR 40 000,00.

Maximum target – EUR 140 000,00.

Loan term – 9 months.

Interest rate – 17% per annum.

Interest payments: paid monthly – for previous month interest payment is paid by 9th date of the following month.

Loan repayment: In full at the end of the Loan Term.

Early repayment: In case of early repayment of the Loan, the Borrower pays 10% from scheduled Interest Payments.

 

Security

  • BuyBack guarantee of the Borrower.

 

The Project

The Borrower owns and manages a fleet of 12 heavy trucks including 5 units of Volvo FH heavy trucks, 5 units of Mercedess Benz Actros heavy trucks and 2 units of Scania heavy trucks.

The Borrower, as a subcontractor to international logistics company “LKW WALTER Internationale Transportorganisation” AG (further – LKW WALTER), provides logistics services for the transportation of cargo by road in territory of United Kingdom, Spain and France.

Loan will be used to enlarge the number of heavy truck fleet and to refinance short term liabilities.

 

About the Borrower

The Borrower is “Ameta Cargo” SIA, a company registered in the Republic of Latvia with registration number 40203055041, with paid share capital and markup of EUR 258 000,00.

The company is 60% owned by transport sector professional Mr Raimonds Timma, former board member of Road Transport Administration, a subsidiary of Ministry of Transport of the Republic of Latvia, which is an institution in charge of licensing of entrepreneurship in the field of road transport, coordination of access to the road transport market, monitoring of compliance with requirements regulating road transport operations etc. Raimonds is former deputy of Riga municipality and supervisory board member of road construction company “Celu Parvalde” JSC. Currently holds board member position in waste management company “Getlini EKO” LTD.

40% is owned by financial investor Mr Girts Stelbovics, energy sector professional, with experience of design, construction and management of natural gas and biomass power plants with total electrical out-put exceeding 10 MW and thermal power out-put exceeding 20 MW.

During the period while loan is issued by CROWDESTOR to the Borrower, CROWDESTOR has rights to delegate one person as board member of the Borrower.

The Borrower has balance sheet value of EUR 790 524, fixed assets of EUR 599 913 and total liabilities of EUR 528 003, and equity capital of EUR 262 521.

Full list of assets owned and operated can be seen in file attached.

About LKW WALTER

Core Business of LKW WALTER is the organisation of full truck loads by road and in Combined Transport throughout Europe and to/from Russia, Central Asia, the Middle East and North Africa.

LKW WALTER is a private 100 % family-owned Austrian business with a EUR 15 million nominal capital, established in 1924. LWK WALTER has 1,757 employees and organises more than 1,450,000 full truck loads per

Turnover for LKW WALTER in financial year 2017/2018 is 2.01 billion EUR.

A constantly increasing transport volume requires innovative transport solutions which reduce effects on climate change and cope with fluctuating fuel prices. Since 1984 LKW WALTER has carried out pioneering work in the development of Combined Transport by rail/road or in short sea shipping.

LKW WALTER has first-class credit rating from international credit rating agencies:

  • D&B (no 30-040-4043): 5A1
  • Creditreform (no 911.0032016): credit index 100
  • KSV1870 (no 80386): Rating 149

 

In annex:

  • Balance sheet for a period of 01.01.2018 – 30.11.2018;
  • Full list of assets owned and operated.

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