Business Summary

We are offering for sale 100% shares of the sewing business entity in Latvia.
Sewing factory location in Bene, Dobele’s region, Latvia. Office and branch in Jelgava.
Established in February 2003, provides product design and full production cycle, employs nearly 20 people.
Current assets – 625 900€ (book value as at 31/12/2011)
Equity – 161 600€ (book value as at 31/12/2011)
Debt free
Plant – 460 000€ (market value as at 31/01/2008 according licenced RE evaluation company)
The sewing factory has the land plot 3000 sq.m.in its ownership, the area of the main building 1971m2.
Full production cycle equipment: spreading and cutting plant Gerber, sewing machines &overlocks Siruba, Juki, Pegasus, Pfaff, ironing board&press, folding machine, digitiser, automative fabric parts supply line Eton with 20&28 terminal.
Entity production experience covers industrial textiles manufacturing -
1) industrial work-wear from innovative materials (Germany),
2) fabric and leather seat covers for aircrafts interiors (UK) on subcontracting basis.
Work-wear and corporate identity market – manufacturing of readymade jersey garments, including development of models and production technology, fabric solutions and logistic. Main markets – Germany, Sweden, local.
Production maximal output capacity ~ 40`000pcs/month
ISO Quality management system standard ISO 9001:2000, Occupational
health and safety standard OHSAS 18001
2012 Net sales 500 thousand €

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