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PAKRINEEME SADAMA OÜ

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PAKRINEEME SADAMA OÜ current status

This company's branding has already reached 1,419 peopleand his is followed by 108 Storybook users.On average, the company has been rated 4.5 points.but there is no comment.

's activity report 2022

Pakrineeme Sadama OÜ was established in the fall of 2005. The main activity of the company is the development of industrial real estate on the Pakri peninsula, in the Pakrineeme region. The company's economic activity began in January 2006, when a complex of buildings was acquired on the Pakri peninsula in the city of Paldiski. The privatization process of the Pakrineeme land unit was completed in 2008.

In 2008 and 2009, additional land units were also acquired in the same area, on the basis of which the planning area for the Paldiski LNG terminal developed. The main activities of the company's economic activity are the organization of various plans and environmental impacts for the Paldiski LNG terminal and the implementation of related land operations. Today,

The preparatory period for the Pakrineeme industrial area has ended, the targeted land use has begun with the Balticconnector compressor station and the fish cooling plant, and in the next stage, the construction of the infrastructure for handling gaseous fuels (natural gas, LNG, hydrogen, other synthetic gases) necessary for achieving EU climate goals is planned.

In the spring of 2022, the company started the construction of a grappling pier in Pakrineeme. The pier was granted a usage permit at the end of October. In March 2023, the pier was sold along with the property necessary for servicing the pier

to Eesti Varude Keskus AS. As a result of the sales process, from March 2023, the company's economic activity will be left with the management of remaining investments and there will be no salaried employees in the company from the same time.

Unfortunately, the company still has a dispute over the pier usage fee for the period November 2022 - March 2023.

The company has internal procedures for measuring all types of risks that may affect its business. We use an assessment matrix to determine the importance of managing each specific type of risk. The company identifies the following risks associated with the company's operations in open markets - the risk of price fluctuations of consumer goods, exchange rate fluctuations, changes in interest rates, the risk of devaluation of investments in financial instruments.

Price fluctuation risk. The company is not significantly affected by price changes, as neither the price of services potentially sold to our customers nor the cost of providing these services depends on the price of marketed goods. Deviations in costs incurred in providing services (increase) may be passed on to customers in less than 12 months due to the nature and term of contracts.

Exchange rate fluctuation risk. The company uses a natural hedging method to hedge currency risks. Approximately 95 percent of all revenues are in local currency.

Also, about 95 percent of all costs are incurred in local currency. In addition, assets and liabilities are in local currency.

Interest rate change risk. The company is not significantly affected by an increase in interest rates. Although the company's loans are tied to a floating interest rate, the use of such funds by the company is still moderate and by the spring of 2023, the company has virtually no interest-bearing obligations.

Risk of financial investment valuation. The company does not invest in financial instruments.

The income from operations is either reinvested by the company in its operations and the assets necessary for their implementation or distributed to its shareholders by reducing share capital or as dividends.

PAKRINEEME SADAMA OÜ contacts

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