Export 04 - 08 - 2018 14 - 58

RENITIT SIA
JELGAVA, Latvia
Active Private
BvD ID n° LV360306037 The Global Ultimate Owner of this controlled subsidiary is MR KARLIS
PRAULINS
Key information
RIGAS 67 Activity: Corporate, Wholesale & retail

3004 JELGAVA trade
Latvia Date of incorporation: 10/07/2013
Turnover for 2017 Net income for 2017
$ 3.02 th -67% $ -7.71 th 42%
Ownership PEPs and sanctions

2 shareholders There are no names that
0 subsidiary are the same, or similar to,
2 companies in the corporate a risk relevant name
group
Data Update 17,401 (02/08/2018) 04/08/2018 - Page 1

© Bureau van Dijk 2018
Financial profile
Unconsolidated, Local registry filing
31/12/2017 31/12/2016 31/12/2015 31/12/2014 31/12/2013
USD USD USD USD USD
12 months 12 months 12 months 12 months 12 months
Local GAAP Local GAAP Local GAAP Local GAAP Local GAAP
Exchange rate: EUR/USD 1.19930 1.05410 1.08870 1.21410 1.37910
Operating revenue (Turnover) 3,019 9,094 13,284 10,809 3,503
P/L before tax -7,713 -13,326 -12,642 -20,197 -9,385
P/L for period [=Net income] -7,713 -13,326 -12,642 -20,197 -9,385
Total assets 631 6,441 1,407 2,114 10,607
Shareholders funds -64,488 -49,901 -37,776 -28,029 -8,803

Current ratio (x) 0.06 0.65 1.44 n.s. 1.31
Profit margin (%) n.s. n.s. -95.17 n.s. n.s.
ROCE using P/L before tax (%) n.s. n.s. n.s. -954.34 -326.72
Solvency ratio (Asset based) (%) n.s. n.s. n.s. n.s. -82.99
Number of employees 1 1 2 2 2
Directors News stories since last month

Mr Karlis Praulins
Mr Kaspars Launerts 0 negative
stories
0 stories in total
Contact
Contact information
RIGAS 67
3004 JELGAVA
Latvia
Republican city Jelgava
NUTS1 LV0 - Latvia
NUTS2 LV00 - Latvia
NUTS3 LV009 - Zemgale
Data Update 17,401 (02/08/2018) 04/08/2018 - Page 2

Industry & activities
Type of entity: Corporate

Major sectors: Wholesale & retail trade
NACE Rev. 2 main section: G - Wholesale and retail trade; repair of motor vehicles and motorcycles
NACE Rev. 2 code(s)

Core code: 4764 Retail sale of sporting equipment in specialised stores
Primary code(s): 4764 Retail sale of sporting equipment in specialised stores
Secondary code(s): 9529 Repair of other personal and household goods
NAICS 2017 code(s) {derived from NACE Rev. 2 codes}

Core code: 4511 Sporting Goods, Hobby, and Musical Instrument Stores
Primary code(s): 451110 Sporting Goods Stores
Secondary code(s): 811490 Other Personal and Household Goods Repair and Maintenance
US SIC code(s) {derived from NACE Rev. 2 codes}

Core code: 594 Miscellaneous shopping goods stores
Primary code(s): 5941 Sporting goods stores and bicycle shops
Secondary code(s): 7699 Repair shops and related services, not elsewhere classified
Identifiers
BvD ID number LV360306037

BvD account number LV360306037U
Trade register number 53603060371
VAT number LV53603060371
European VAT number LV53603060371
Legal information
The Global Ultimate Owner of this controlled subsidiary is MR KARLIS PRAULINS
Active Incorporated on
10/07/2013
Limited liability company - SIA Corporate
There are no names that are the same, or similar to, a risk relevant name
Data Update 17,401 (02/08/2018) 04/08/2018 - Page 3

Accounting information
Information for this record is provided by Creditreform Latvia (last delivery: 11/07/2018)
Most recent accounts: 2017 Accounts published in EUR

Unconsolidated
Closing date: 31/12/2017
Available in Orbis since 05/2018 Filing type: Local registry filing
Accounting template: Corporate
5 years available
Available account
31/12/2017 Unconsolidated, Local registry filing
Turnover for 2017 Number of employees
$ 3.02 th -67% 1 0.0%
Legal events
Date Type Description Source

24/07/2013 Registration Company registered in VAT payers register State Revenue Service
of Republic of Latvia
Key financials & employees
31/12/2017 31/12/2016 31/12/2015 31/12/2014 31/12/2013
USD USD USD USD USD
P/L before tax -7,713 -13,326 -12,642 -20,197 -9,385
Cash flow n.a. n.a. n.a. n.a. n.a.
Total assets 631 6,441 1,407 2,114 10,607
Data Update 17,401 (02/08/2018) 04/08/2018 - Page 4

31/12/2017 31/12/2016 31/12/2015 31/12/2014 31/12/2013
USD USD USD USD USD
ROE using P/L before tax (%) n.s. n.s. n.s. n.s. n.s.
ROCE using P/L before tax n.s. n.s. n.s. -954.34 -326.72
(%)
Solvency ratio (Asset based) n.s. n.s. n.s. n.s. -82.99

(%)
Global standard format
31/12/2017 31/12/2016 31/12/2015 31/12/2014 31/12/2013
USD USD USD USD USD
Balance sheet
Assets
Fixed assets 52 216 398 288 468
Intangible fixed assets 0 0 0 0 0
Tangible fixed assets 52 216 398 288 468
Other fixed assets 0 0 0 0 0
Current assets 579 6,224 1,008 1,826 10,138
Stock 419 5,629 736 1,493 7,373
Debtors 0 0 0 0 0
Other current assets 161 596 272 333 2,765
∟ Cash & cash equivalent 140 18 106 119 685
Total assets 631 6,441 1,407 2,114 10,607
Liabilities & equity
Data Update 17,401 (02/08/2018) 04/08/2018 - Page 5

31/12/2017 31/12/2016 31/12/2015 31/12/2014 31/12/2013
USD USD USD USD USD
Capital 511 449 464 517 583
Other shareholders funds -64,998 -50,350 -38,239 -28,546 -9,385
Non-current liabilities 55,392 46,805 38,481 30,142 11,646
Long term debt 55,392 46,805 38,481 26,408 11,646
Other non-current liabilities 0 0 0 3,735 0
∟ Provisions 0 0 0 0 0
Current liabilities 9,726 9,536 701 0 7,762
Loans 0 0 0 0 3,710
Creditors 132 4,625 701 0 105
Other current liabilities 9,594 4,911 0 0 3,948
Total shareh. funds & liab. 631 6,441 1,407 2,114 10,607
Memo lines
Working capital 287 1,004 35 1,493 7,268
Net current assets -9,147 -3,312 307 1,826 2,376
Enterprise value n.a. n.a. n.a. n.a. n.a.
Profit & loss account
∟ Sales 3,019 9,094 11,859 10,809 3,503
Costs of goods sold 2,953 11,132 18,991 23,203 2,797
Gross profit 66 -2,039 -5,707 -12,394 706
Other operating expenses 7,456 11,168 6,747 7,779 9,997
Operating P/L [=EBIT] -7,390 -13,207 -12,454 -20,172 -9,291
Financial P/L -323 -119 -188 -24 -94
∟ Financial revenue 0 0 0 0 0
∟ Financial expenses 323 119 188 24 94
P/L before tax -7,713 -13,326 -12,642 -20,197 -9,385
Taxation 0 0 0 0 0
Data Update 17,401 (02/08/2018) 04/08/2018 - Page 6

31/12/2017 31/12/2016 31/12/2015 31/12/2014 31/12/2013
USD USD USD USD USD
P/L after tax -7,713 -13,326 -12,642 -20,197 -9,385
Extr. and other P/L 0 0 0 0 0
∟ Extr. and other revenue 0 0 0 0 0
∟ Extr. and other expenses 0 0 0 0 0
Memo lines
Export revenue n.a. n.a. n.a. n.a. n.a.
Material costs n.a. n.a. n.a. n.a. n.a.
Costs of employees n.a. n.a. n.a. n.a. n.a.
Depreciation & Amortization n.a. n.a. n.a. n.a. n.a.
Other operating items 7,456 11,168 6,747 7,779 9,997
Interest paid 323 119 188 24 94
Research & Development n.a. n.a. n.a. n.a. n.a.

expenses
Cash flow n.a. n.a. n.a. n.a. n.a.
Added value n.a. n.a. n.a. n.a. n.a.
EBITDA n.a. n.a. n.a. n.a. n.a.
Global ratios
31/12/2017 31/12/2016 31/12/2015 31/12/2014 31/12/2013
USD USD USD USD USD
Profitability ratios
ROE using P/L before tax (%) n.s. n.s. n.s. n.s. n.s.
ROCE using P/L before tax n.s. n.s. n.s. -954.34 -326.72
(%)
Data Update 17,401 (02/08/2018) 04/08/2018 - Page 7

31/12/2017 31/12/2016 31/12/2015 31/12/2014 31/12/2013
USD USD USD USD USD
ROA using P/L before tax (%) n.s. n.s. n.s. n.s. -88.48
ROE using Net income (%) n.s. n.s. n.s. n.s. n.s.
ROCE using Net income (%) n.s. n.s. n.s. -954.34 -326.72
ROA using Net income (%) n.s. n.s. n.s. n.s. -88.48
Gross margin (%) 2.19 -22.42 -42.96 n.s. 20.16
EBITDA margin (%) n.a. n.a. n.a. n.a. n.a.
EBIT margin (%) n.s. n.s. -93.75 n.s. n.s.
Cash flow / Operating n.a. n.a. n.a. n.a. n.a.

revenue (%)
Enterprise value / EBITDA (x) n.a. n.a. n.a. n.a. n.a.
Market cap / Cash flow from n.a. n.a. n.a. n.a. n.a.
operations (x)
Operational ratios
Net assets turnover (x) n.s. n.s. 18.83 5.11 1.23
Interest cover (x) -22.91 n.s. -66.12 n.s. -99.07
Stock turnover (x) 7.21 1.62 18.05 7.24 0.48
Collection period (days) 0 0 0 0 0
Credit period (days) 16 183 19 0 11
Export revenue / Operating n.a. n.a. n.a. n.a. n.a.

revenue (%)
R&D expenses / Operating n.a. n.a. n.a. n.a. n.a.

revenue (%)
Structure ratios
Liquidity ratio (x) 0.02 0.06 0.39 n.s. 0.36
Shareholders liquidity ratio (x) -1.16 -1.07 -0.98 -0.93 -0.76
Solvency ratio (Asset based) n.s. n.s. n.s. n.s. -82.99

(%)
Solvency ratio (Liability n.s. n.s. n.s. n.s. n.s.

based) (%)
Data Update 17,401 (02/08/2018) 04/08/2018 - Page 8

31/12/2017 31/12/2016 31/12/2015 31/12/2014 31/12/2013
USD USD USD USD USD
Gearing (%) n.s. n.s. n.s. n.s. n.s.
Per employee ratios
Profit per employee (th) -8 -13 -6 -10 -5
Operating revenue per 3 9 7 5 2

employee (th)
Costs of employees / n.a. n.a. n.a. n.a. n.a.

Operating revenue (%)
Average cost of employee (th) n.a. n.a. n.a. n.a. n.a.
Shareholders funds per n.s. n.s. n.s. n.s. n.s.

employee (th)
Working capital per employee 0 1 0 1 4

(th)
Total assets per employee 1 6 1 1 5

(th)
Graph - Value over time
14,000 ● Operating revenue

(Turnover) (USD)
12,000
10,000
8,000
6,000
4,000
2,000
USD 2013 2014 2015 2016 2017
Data Update 17,401 (02/08/2018) 04/08/2018 - Page 9

Graph - Indices of several values over time
Base: 2013
400
Operating revenue (Turnover) (th USD) 3.50
350 P/L before tax (th USD) -9.38
300 P/L for period [=Net income] (th USD) -9.38
Total assets (th USD) 10.6

250
200
150
100
50
-50
2013 2014 2015 2016 2017
Peer comparison
Year Operating revenue P/L before tax

Accounting year: Peer group year
(Turnover)
th USD th USD
Median 3 -13
Standard deviation 0 6
Average 3 -13
DENILCE LIMA MARQUES 2017 3 1 n.a.

THIAGO ROGERIO VALICZIKI 2017 3 1 n.a.
LUCIANA RIBEIRO CAETANO 2017 3 1 n.a.
SONIA APARECIDA REIS PEREIRA BRANDAO DE
2017 3 1 n.a.
FRANCA
SANDRA LEITE GONCALVES RIBEIRO 2017 3 1 n.a.
JANIEL MOREIRA 2017 3 1 n.a.
ELOIR KENAPPE JUNIOR 2017 3 1 n.a.
MARCOS ROBERTO ROZA DE MORAES 2017 3 1 n.a.
Data Update 17,401 (02/08/2018) 04/08/2018 - Page 10

Year P/L for period [=Net Total assets
income]
th USD th USD
Median -13 18
Average -13 18
DENILCE LIMA MARQUES 2017 n.a. n.a.

THIAGO ROGERIO VALICZIKI 2017 n.a. n.a.
LUCIANA RIBEIRO CAETANO 2017 n.a. n.a.
2017 n.a. n.a.
FRANCA
SANDRA LEITE GONCALVES RIBEIRO 2017 n.a. n.a.
JANIEL MOREIRA 2017 n.a. n.a.
ELOIR KENAPPE JUNIOR 2017 n.a. n.a.
MARCOS ROBERTO ROZA DE MORAES 2017 n.a. n.a.
Year Shareholders funds Number of employees
th USD
Median -94 3
Average -94 3
DENILCE LIMA MARQUES 2017 n.a. 3 1

THIAGO ROGERIO VALICZIKI 2017 n.a. 3 1
LUCIANA RIBEIRO CAETANO 2017 n.a. 3 1
2017 n.a. 3 1
FRANCA
SANDRA LEITE GONCALVES RIBEIRO 2017 n.a. 3 1
JANIEL MOREIRA 2017 n.a. 3 1
ELOIR KENAPPE JUNIOR 2017 n.a. 3 1
MARCOS ROBERTO ROZA DE MORAES 2017 n.a. 3 1
Year Operating revenue P/L before tax
(Turnover)
ELIAS SILVA DE OLIVEIRA 2017 3 1 n.a.
TONDELLI MOTO SRL IN LIQUIDAZIONE 2017 3 10 -19 2
RENITIT SIA 2017 3 11 -8 1
Data Update 17,401 (02/08/2018) 04/08/2018 - Page 11

Year P/L for period [=Net Total assets
income]
ELIAS SILVA DE OLIVEIRA 2017 n.a. n.a.
TONDELLI MOTO SRL IN LIQUIDAZIONE 2017 -19 2 35 1
RENITIT SIA 2017 -8 1 1 2
Year Shareholders funds Number of employees
ELIAS SILVA DE OLIVEIRA 2017 n.a. 3 1

TONDELLI MOTO SRL IN LIQUIDAZIONE 2017 -124 2 n.a.
RENITIT SIA 2017 -64 1 1 10
Peer group definition

Closest 10 international companies according to the Operating revenue (Turnover) of the subject company for the last
available year (2017) amongst the standard peer group.
The standard peer group is based on NACE Rev. 2 industry classification: 4764 - Retail sale of sporting equipment in
specialised stores.
Company Ratings
No data available for this company
Country ratings
Your subscription does not include some of the agency ratings.
BBB on 01/02/2018
Overall
country rating
EIU
Action /
Rating Date Outlook Watch
Direction
Overall country rating BBB 01/02/2018
Banking sector rating BBB 01/02/2018 Stable
Copyright © 2018 The Economist Intelligence Unit Limited. All rights reserved.
Data Update 17,401 (02/08/2018) 04/08/2018 - Page 12

Current directors & managers
Boards & committees 2
Board of directors 2
Name Role Source
Mr Karlis Praulins Chairman of the Board (since 10/07/2013) CL

Also shareholder
Contact ID number: P161048345

Source: Creditreform (Latvia)
(received on 27/06/2018)
Residence: Latvia
Work Address: Latvia
Current roles: Holds roles only in this company.
Mr Kaspars Launerts Member of the Board (since 06/10/2016) CL

Also shareholder

(received on 27/06/2018)
Nationality: Latvia
Legend
Source: CL:Creditreform (Latvia)
Filters
Formal sources
Bodies & departments
Data Update 17,401 (02/08/2018) 04/08/2018 - Page 13

Previous directors & managers
Boards & committees 1
Board of directors 1
Name Role Source
Mr Karlis Praulins Chairman of the Board (from 10/07/2013 to 06/10/2016) CL

Also shareholder

Residence: Latvia
Legend
Source: CL:Creditreform (Latvia)
Filters
Formal sources
Bodies & departments
Ownership structure
Graph : Shareholders
Data Update 17,401 (02/08/2018) 04/08/2018 - Page 14

MR Karlis Praulins MR Kaspars Launerts
n.a. LV
69.48/n.a. 30.52/n.a.
Renitit SIA
LV
All 2 shareholders and the controlling shareholder path are represented.

Legend
↔ Controlling shareholder x/x Direct / Total ownership %
An individual BR Branch
CQP1 50% + 1 Share
Beneficial Owner
CTP Calculated total percentage
Global Ultimate Owner
DM Director/Manager
There are names that are the same, or FC Foreign company
similar to, a risk relevant name
GP General partner
JO Jointly owned, = 50 %
MO Majority owned, > 50%
Data Update 17,401 (02/08/2018) 04/08/2018 - Page 15

n.a. Not available
NG Negligible, <=0.01%
T Sole trader, = 100 %
VE Vessel
WO Wholly owned, >= 98%
Ultimate Owner definition
The path from the company to its Ultimate Owner is minimum 50.01%
I consider a company the Ultimate Owner if there are no identified shareholders or if the shareholder percentage is not
known.
Geographic footprint
Number of companies in the corporate group per country
The map represents the geographic location of the companies in the corporate group
All 1 companies in the corporate group are represented
Legend
Country of the company
Data Update 17,401 (02/08/2018) 04/08/2018 - Page 16

Corporate group
There are 2 companies in the corporate group

Ownership Source
Level of
Name Country Direct Total Source Date of
own.
(%) (%) ident. info.
Global Ultimate Owner
MR KARLIS PRAULINS n.a.
Ultimately owned subsidiaries
RENITIT SIA LV 69.48 n.a. 1 CL 06/2018
known.
Controlling shareholders
BvD independence indicator
B C Direct majority ownership

Has an identified shareholder with over 50% direct ownership
or is a branch/foreign company
A D
D
Ownership Source
Op. Revenue No of
Name Country Type Direct Total Source Date of
(m USD) * employees
MR KARLIS PRAULINS n.a. I 69.48 n.a. CL 06/2018 - -
RENITIT SIA LV C 0 1
Data Update 17,401 (02/08/2018) 04/08/2018 - Page 17

Legend
* For an insurance company the I = One or more named individuals or families

corresponding value is the Gross Premium
Written and for a bank it is the Operating C = Corporate
Income (memo)
known.
Current shareholders
Ownership Source
Op. Revenue No of
(m USD) * employees
MR KASPARS LAUNERTS LV I 30.52 n.a. CL 06/2018 - -
Legend

Written and for a bank it is the Operating
Income (memo)
Shareholders history
Current shareholders
Ownership Source
Op. Revenue No of
(m USD) * employees
MR KASPARS LAUNERTS LV I 30.52 n.a. CL 06/2018 - -
Data Update 17,401 (02/08/2018) 04/08/2018 - Page 18

Legend

Written and for a bank it is the Operating
Income (memo)
Previous shareholders
There is no data available for this entity.
Filters
Shareholders: All
All information since 01/2002
Research
Company profiles
Filters:
Moody's Investors Services, Moody's Analytics, MarketLine, Morningstar Equity Analyst Reports, Morningstar
Quantitative Equity Report, GlobalData
Industry profiles
Appendix – Omitted chapters
The chapters listed below have been omitted because they have no data for this company, or the data cannot be
represented in the PDF
Detailed format
Cash flow statement
Segment data - Business lines
Segment data - Geographic segments
Graph - company ratings over time
National scores
Stock profile
Annual stock data
Annual stock valuation
Pricing series
Beta and price volatility
Earnings estimates
Data Update 17,401 (02/08/2018) 04/08/2018 - Page 19

Credit default swaps
Current auditors, bankers & other advisors
Previous auditors, bankers & other advisors
Current subsidiaries
Branches
Company and market news
FACTIVA news
Mergers & acquisitions
Crossborder investments
Liquidity events & potential beneficiaries
Local registry documents
Kyckr
aRMadillo
Global Reports
EOL SEC filings
My custom variables
Data Update 17,401 (02/08/2018) 04/08/2018 - Page 20


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RENITIT SIA

RIGAS 67 Activity: Corporate, Wholesale & retail

Turnover for 2017 Net income for 2017

$ 3.02 th -67% $ -7.71 th 42%

Ownership PEPs and sanctions

Data Update 17,401 (02/08/2018) 04/08/2018 - Page 1

Unconsolidated, Local registry filing

31/12/2017 31/12/2016 31/12/2015 31/12/2014 31/12/2013

USD USD USD USD USD

12 months 12 months 12 months 12 months 12 months

Exchange rate: EUR/USD 1.19930 1.05410 1.08870 1.21410 1.37910

Operating revenue (Turnover) 3,019 9,094 13,284 10,809 3,503

P/L before tax -7,713 -13,326 -12,642 -20,197 -9,385

Total assets 631 6,441 1,407 2,114 10,607

Shareholders funds -64,488 -49,901 -37,776 -28,029 -8,803

Profit margin (%) n.s. n.s. -95.17 n.s. n.s.

Directors News stories since last month

Republican city Jelgava

NUTS1 LV0 - Latvia

NUTS2 LV00 - Latvia

NUTS3 LV009 - Zemgale

Data Update 17,401 (02/08/2018) 04/08/2018 - Page 2

Type of entity: Corporate

NACE Rev. 2 code(s)

NAICS 2017 code(s) {derived from NACE Rev. 2 codes}

US SIC code(s) {derived from NACE Rev. 2 codes}

BvD ID number LV360306037

The Global Ultimate Owner of this controlled subsidiary is MR KARLIS PRAULINS

Data Update 17,401 (02/08/2018) 04/08/2018 - Page 3

Most recent accounts: 2017 Accounts published in EUR

Turnover for 2017 Number of employees

$ 3.02 th -67% 1 0.0%

Date Type Description Source

Key financials & employees

Unconsolidated, Local registry filing

31/12/2017 31/12/2016 31/12/2015 31/12/2014 31/12/2013

USD USD USD USD USD

12 months 12 months 12 months 12 months 12 months

Exchange rate: EUR/USD 1.19930 1.05410 1.08870 1.21410 1.37910

Operating revenue (Turnover) 3,019 9,094 13,284 10,809 3,503

P/L before tax -7,713 -13,326 -12,642 -20,197 -9,385

Cash flow n.a. n.a. n.a. n.a. n.a.

Total assets 631 6,441 1,407 2,114 10,607

Shareholders funds -64,488 -49,901 -37,776 -28,029 -8,803

Data Update 17,401 (02/08/2018) 04/08/2018 - Page 4

USD USD USD USD USD

12 months 12 months 12 months 12 months 12 months

Exchange rate: EUR/USD 1.19930 1.05410 1.08870 1.21410 1.37910

Current ratio (x) 0.06 0.65 1.44 n.s. 1.31

Profit margin (%) n.s. n.s. -95.17 n.s. n.s.

Solvency ratio (Asset based) n.s. n.s. n.s. n.s. -82.99

Global standard format

Unconsolidated, Local registry filing

31/12/2017 31/12/2016 31/12/2015 31/12/2014 31/12/2013

USD USD USD USD USD

12 months 12 months 12 months 12 months 12 months

Exchange rate: EUR/USD 1.19930 1.05410 1.08870 1.21410 1.37910

Fixed assets 52 216 398 288 468

Intangible fixed assets 0 0 0 0 0

Tangible fixed assets 52 216 398 288 468

Other fixed assets 0 0 0 0 0

Current assets 579 6,224 1,008 1,826 10,138

Stock 419 5,629 736 1,493 7,373