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FinoMark comment
Funding is provided for exclusively for the installation of AdVentica UAB entertainment park in Germany . It is a specific and clearly defined project, the implementation of which UAB "European Projektų Solutions" performs the function of the general contractor in cooperation with the customer from the design to the final installation. Finomark checked and evaluated the customer UAB AdVentica capabilities that will ensure payment.
Project description
Funding for supplementation of working capital , ensuring the smooth implementation of UAB European Project Solutions project in Germany together with the general contractor Freudig GmbH, which includes infrastructure in Germany in Germany in RHEIN RUHR Zentrum shopping center.
So far, the implementation of the projects has been on the basis of the Money First principle, when the customer funded the acquisition of raw materials and equipment in advance. However, with the entry into force of the new billing model - payment for the work done after they have been submitted - the company needs pre -funding for the cost of projects.
The funds received will be used:
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for purchasing building materials, furniture and equipment;
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Logistics and transportation costs;
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Labor and subcontractors in foreign projects;
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Support of the supply chain and to ensure smooth projects to the final settlement with the customer.
Funding will allow the company to ensure high standards of quality, terms and expediency, strengthen positions in foreign markets and maintain a rapid growth rate without additional financial burden on main customers.
Purpose of raising funds
For working capital
