Car Dealer Ltd.Domenikss“has published a notice to creditors, indicating that a decision has been made to reduce the company ‘s share capital, writes” Lursoft “Customer Portfolio.
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Creditors wishing to receive collateral must contact the registered office of SIA “Domenikss” within one month from the publication of the notice.
Lursoft’s information shows that since October 2016, the registered and paid-up share capital of SIA “Domenikss” is 3.738 million euros.
The turnover of SIA “Domenikss” in 2020 was 37.76 million euros or by 17.83% less than a year earlier. “The decrease in turnover is mainly explained by the impact of Covid-19 and the trade restrictions imposed to limit the spread of the virus, and the related drop in demand,” said the management report of SIA “Domenikss”. The company has indicated that the market for cars and minibuses decreased by 25% last year compared to 2019, while the decline in the truck segment reached as much as 36%, which can be explained by a significant decline in international freight traffic during the pandemic.
Despite the reduction of the total turnover, by introducing various efficiency measures, increasing efficiency, maintaining financial expenditure discipline and using the available support mechanisms, SIA “Domenikss” has closed last year with a profit of 1.6 million euros.
The information available to Lursoft shows that SIA “Domenikss” has paid benefits to employees who have been idle several times during the past year, as well as the company has received subsidies for salary subsidies, grants to ensure the flow of working capital, as well as received 279.54 thousand. EUR as an exporting company.
