The Company was founded in 2008 in Latvia and is a reputable expert retailer of a wide range of hunting and active leisure goods and equipment such as clothes, riffles, optics, ammunition, and other  hunting gear. The Company has 17 employees and 5 retail stores, including one store in Lithuania. In addition to retail business, the Company also has a deer farm in Latvia, where deers are grown for sales purpose, forming up to 10% from total turnover every year. The Company belongs to a group of entities operating in other industries such as real estate, construction and equipment rental business.

 

Part of the Company's liabilities was a loan from a related company that required the capital for its own business development in the summer of 2019. In August 2019, Capitalia had issued a loan to the Company in order to repay the loan to the related Company. The repayment of the previous loan was based on premise that successfull refinancing with a  bank will be concluded. Since refinancing to the bank is still currently pending, the Company is seeking additional financing of EUR 415,880 for a 12-month period to refinance the current loan of Capitalia. Investors are offered a 13.92% annual interest rate (1.16% monthly) with a monthly repayment schedule starting from the third month. In case refinancing is postponed, the loan will be repaid by own cash flow of the Company. The loan is secured with personal guarantees from the only owner of the Company and four related companies. One of the companies owns significant real estate property with net (free of debt) worth of EUR 2 million.