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Company information

"ADN Castings ltd." , SIA

ADN CASTINGS LTD.

Peldu iela 9A – 2, Liepāja, LV-3401

Registration No.

40003741558

Status

Removed from the register

Register

Commercial Register

Registered on

2005-04-29 – 2019-04-01

Legal form

Limited Liability Company

Equity capital

Paid-up equity 142 282 €

Registered payment 2014-06-04

Insolvency

Insolvency proceedings

Official information about insolvency and legal protection proceedings for this entity.

Proceeding

Insolvency proceeding · National proceeding

Finished
C20218816
Kurzemes rajona tiesa 1000303973
Debtor reg. no.
40003741558
Proceeding started
2016-08-08
Proceeding ended
2019-03-29
Form and type
Insolvency proceedingNational proceeding
Resolution
izpildīts kreditoru prasījumu segšanas plāns
M09
Entry created
2016-08-09
Creditor application deadline: 1 months
Legal basis: #2 · version 4

Financial key indicatorsLatest year: 2015

Overall financial risk (latest available year)

Elevated financial risk

LiquiditySolvencyProfitability

This summary is based only on the publicly available balance sheet, income statement and, if present, cash flow statement. For small and micro entities some indicators may be missing.

Turnover

2,623,186 EUR

Net result

-103,061 EUR

Margin: -3.9%

Balance sheet size

248,485 EUR

Equity: 47,430 EUR (19.1%)

Liquidity (short-term payments)

Tight

Liquidity is acceptable but not very strong. Short-term cash-flow issues are possible if income falls or payments are delayed.

Current ratio
1.2
Quick ratio
1.0

Solvency (capital strength)

Moderate

Equity is relatively low compared to assets. The company relies notably on creditors and should be monitored.

Equity ratio
19.1%
Debt-to-assets
80.9%

Profitability & cash flow

Loss-making

The company reports a loss for the year, which increases financial risk if it continues over several periods.

Net margin
-3.9%
Return on assets (ROA)
-41.5%
Operating cash flow
2,562 EUR

Simple trend (last 3 years)

Colour hints show improvement or deterioration across years.

YearTurnoverNet marginEquity ratioCurrent ratio
20152,623,186-3.9%19.1%1.2
20141,575,683-8.1%23.3%1.1
20131,913,3191.6%28.5%1.2

Trends are indicative only. Small changes can be caused by rounding, classification or changes in reporting format.

Key metrics by year

Each column shows one reporting year. Some metrics may be missing if they are not required in the filed report.

Metric20152014201320122011
Turnover2,623,1861,575,6831,913,3193,031,6222,532,662
Net result-103,061-127,73229,97161,26323,122
Net margin-3.9%-8.1%1.6%2.0%0.9%
Return on assets (ROA)-41.5%-7.9%2.4%5.2%2.5%
Equity ratio19.1%23.3%28.5%27.4%11.2%
Debt-to-assets80.9%75.8%71.5%72.6%88.8%
Current ratio1.21.11.23.81.1
Quick ratio1.00.80.62.80.4
Operating cash flow2,56266,939100,59448,11183,549

Values are derived from the published balance sheet, income statement and cash flow statement (if available). A missing value usually means that the line item is not reported or not required for that entity size.

Meta

Label20152014201320122011
Year Started2015-01-012014-01-012013-01-012012-01-012011-01-01
Year Ended2015-12-312014-12-312013-12-312012-12-312011-12-31
Report date2016-05-062015-05-042014-05-132013-05-05—
Employees1815142015
CurrencyEUREURLVLLVLLVL
Rounded ToONESONESONESONESONES
Source SchemaDokUGP2008v1DokUGP2008v1DokUGP2008v1DokUGP2008v1DokUGP2008v1

Balance sheet

Per year

Label20152014201320122011
Cash2,9393777,76512424
Accounts Receivable196,472938,040491,799717,593309,905
Inventory46,396402,364543,418234,891507,904
Current Assets245,8071,340,7811,042,982952,496818,233
Fixed Assets8271,164202,269229,575111,228
Intangible Assets2,6702,498389518648
Non-Current Assets2,678277,744202,658230,093111,876
Total Assets248,4851,618,5251,245,6401,182,589930,109
Current Liabilities201,0551,222,840891,165253,792735,804
Non-Current Liabilities03,9490604,29390,000
Equity47,430376,636354,475324,504104,305
Total248,4851,618,5251,245,6401,182,589930,109

Income statement

Per year

Label20152014201320122011
Net Turnover2,623,1861,575,6831,913,3193,031,6222,532,662
Cost of Goods Sold3,021,8141,652,2691,822,2532,893,2852,413,209
Gross Profit-398,628-76,58691,066138,337119,453
Selling Expenses1,3697,90310,53821,77724,821
Administrative Expenses29,70336,64028,95533,37835,300
Other Operating Revenues97,3162,01421,63520,5389,918
Other Operating Expenses9507632,3471,0436
Other Interest Revenues2291060060
Interest Expenses06,51433,60741,41446,182
Income Before Income Taxes-106,960-126,28637,25461,26323,122
Provision For Income Taxes5005,52400
Net Income-103,061-127,73229,97161,26323,122

Cash flow statement

Per year

Label20152014201320122011
Received from Customers2,837,525989,343190,030278,002440,975
Paid to Suppliers/Employees2,811,277817,084372,931491,460734,278
Other Cash Rec./Paid3190350,472371,254482,965
Operating Cash Flow2,56266,939100,59448,11183,549
Interest Paid06,51432,19539,20646,182
Extra Items Cash Flow0057,134-7,08413,149
Net Operating Cash Flow2,56258,08757,134-7,08413,149
Fixed/intang. Assets Acquisition0534000
Loans Made04,000000
Interest Received024000
Net Investing Cash Flow0-4,510000
Loans Received0026,54828,8340
Loan Repayments Made064,24975,62221,92016,077
Net Financing Cash Flow064,24949,0746,914-16,077
Effect of Exchange Rate Change00-307-242-412
Net Increase2,562-10,6727,753-412-3,340
At Beginning of Year37711,049124243,764
At End of Year2,9393777,76512424