Finances

Financial projections, economic indicators, real estate, grants, procurements and asset values of beneficiaries

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The year 2011 was record-breaking for this company, winning the largest procurement - "Toitlustusteenuse tellimine" - to date with the total value at 500 000 euros.

Typically, one public contract makes up a staggering 1/2 of ETHEL MERMAN OÜ's turnover! That is a substantial proportion and the loss of income from public procurements would probably deliver a death blow to the company's turnover.

This makes it plain to see why the company is so active in tendering. – in all ETHEL MERMAN OÜ has bid in public procurements 8 times to secure winning contracts. Considering the bureaucracy involved in public procurements, it must take up considerable time at the expense of other money-making ventures.

The company is a solid business partner to the state that pays taxes to the State Treasury equal to or even exceeding the sum received in sales turnover from its public contracts. Like a top-of-the-class student, this company has never in its history failed on its tax and reporting obligations. Neither has it swindled its business partners.