Girė UAB has been operating as a logging contractor for 5 years around the town of Kėdainiai in Lithuania. The company has three employees and sees a growth opportunity due to increased interest in its‘ services. Therefore, Girė aims to acquire a harvester Ponse Ergo 6W.
The machine is made in 2001 and is worth 37.994 Eur including technical service costs to prepare it for heavy-duty works in the forest.
In order to acquire Ponse Ergo 6W, the company is borrowing 28.000 Eur and is using this machine and 2 hectares of forest as collateral. Consequently, the loan-to-value ratio for investors is up to 70%.
Last year annual revenue of Girė was slightly above 30.000 Eur in comparison with 5.000 Eur a year before. Furthermore, the company had 2.000 Eur in profit, while in 2018 it had 12.500 Eur loss.
Company has equity worth more than 35.000 Eur.
At present, the Platform Operator does not make it possible to transfer claim rights that are acquired by concluding financing transactions through the Platform. (No secondary market)
The aim: to purchase harvester PONSSE ERGO 6W.