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's activity report 2022

This activity report has been prepared for Adella Shipping OÜ for the financial year ended December 31, 2022.

Since the company was registered in 2015 but substantive activities started in May 2016. Therefore, 2022 was the company's seventh year of operation.

The main activity of Adella Shipping OÜ is to provide services necessary for ship agency and transportation. This activity accounts for 96 percent of the company's turnover.

In the ongoing difficult economic situation: (end of Covid pandemic and war in Ukraine) the director of Adella Shipping OÜ has aimed to act as conservatively as possible.

To minimize operating costs and not to take on significant obligations for the company in front of any parties.

Therefore, the company purchases all services necessary for servicing ships and has one employee.

If longer service contracts are successfully concluded, additional staff will be hired.

The company's daily activities are managed and organized by the company's director.

The company continues to seek new clients and tries to maintain and service current clients at the best possible level.

Unpaid invoices from buyers include customer debts as of the end of the year, but these debts have been received by the time the report is prepared.

The company has no overdue tax debts or arrears.

The share capital is 2500 euros, which is divided between two shareholders.

The director did not receive any board member fees in 2022 and no salary was calculated for him.

Extra severance payments or compensations are not provided for the board member in the contracts.

In 2023, the company hopes to further increase turnover and profit and secure a stable position in the market for its operations.