The Latvian company SENGA SIA (www.senga.lv) is functioning on the market of processing of fish and other sea products since the year 1993. Raw products are processed according to EU quality standards and sold in cans or smoked on the local market as well as exported outside the country to Europe and Asia.
SENGA SIA produces a wide assortment of products that includes traditional Latvian sprats in natural oil, variety of pates, canned salmon, trout, etc. No GMO is added to the produce in order for that to comply with EU and CIS health standards. Altogether company produces 24 different types of fish products.
The company owns and uses 2 its own production facilities, which are already partially refurbished with the help of European Union financing for development (it is planned to finalize refurbishment works in second half of 2019), and currently employs more than 50 people. Overall production capacity of the company is around 1-1,3 million cans per month. 95% of the produced goods are exported to Kazakhstan, Poland, Armenia, Azerbaijan, Estonia, and other countries.
SENGA SIA is looking to attract EUR 100,000 big business development/working capital financing with the help of Envestio participants, which is necessary for lauching an additional production cycle in order to complete new orders and receive extra profits.
The fish processing industry in Latvia historically has been one of the important parts of the country’s economy. Canned fish products with “Made in Latvia” mark on them are well-known for their good taste and high quality.
Prior to 2015 the main export direction for most Latvian producers of canned fish products was Russia and CIS countries. In 2015, following the change of the health standards for imported fish food products in Russia, Latvian producers started to look also to the Western direction, which resulted in entering the markets of countries like Germany, Spain, UK, and even USA and Australia. As a result, in 2017 canned fish products made in Latvia were exported to 56 countries. Total value of the exported goods in 2017 exceeded EUR 73 mln, which is a 11,6% increase in comparison to 2016.
Envestio participant’s investment - EUR 1 000.00
Total expected return: EUR 1 107.20Invest in this project
|Kreditnehmer||“Senga” SIA, Reg. Nr. 49003001584, Latvia|
|Finanzierungsziel||€ 100 000|
|Zweck des Darlehens||Financing “Senga” SIA production activity, completion of order of canned fish goods|
|Rückzahlung des Darlehens||In full at the end of the Loan Period|
|Kapitalrückkauf möglich||Yes, 5% penalty rate|
|Zahlung von Zinszahlungen||Monthly, on a specific date|
|Typ der Finanzierung||Secured debt|
|Garantie vom Eigentümer des Projekts||Commercial pledge in favor of Envestio Collateral Agent, Personal guarantee|
Investitionsrückkauf ist garantiert!
Verkaufen Sie jederzeit eine Investition aus Ihrem Portfolio an Envestio!