Finances

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

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The year 2019 was record-breaking for this company, winning the largest procurement - "Piiriteenuste valdkonna infosüsteemide arendustööde raamleping" - to date with the total value at 3 000 000 euros. But the company did not rest on its laurels, they kept putting in the effort and the turnover for 2019 eclipsed all earlier years.

Typically, one public contract makes up a staggering 1/2 of SRINI 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 SRINI OÜ has bid in public procurements 15 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.

All this considered, it is sadly a dubious business partner to the state that, on average, pays taxes to the State Treasury amounting to 4,5% of the sum received in sales turnover from its public contracts. This company has met all its tax and reporting obligations. There are no signs of short-changing business partners either.