Maclear Project Datra
- Written by
- Just P2P
- •
- Updated December 27, 2025
Score B+
Datra Ltd., founded in 2006 in Sofia, Bulgaria, specializes in the supply and installation of agricultural equipment, including storage silos, fodder mixing systems, and food processing equipment. The company collaborates with leading European manufacturers (TOMRA, FAM, Fryma Koruma, Finis Eillert) and offers comprehensive solutions (design, delivery, installation, and maintenance) in Bulgaria and the Balkans.
The company is seeking financing to acquire the equipment necessary to execute three signed contracts totaling 5.45 million €. These projects include the construction of silage farms and the supply of processing equipment, with estimated profitability between 35% and 40%. The first financing phase targets 950,000 € to primarily purchase equipment for the Papas Olio AD contract.
Investment terms
Total Project Amount : 5,450,000 €
Loan requested : 2,000,000 € (of which 950K€ in the first phase)
Period : 12 months
Interest rate : 14.6%
Company contribution : 3,450,000 €
The 2,000,000 € loan represents 39.3% of 2023 revenue (5.084 M€) and constitutes 36.7% of the total value of the three signed contracts (5.45 M€). This financial structure demonstrates a healthy balance between external financing and internal resources. The signed contracts with Papas Olio AD (3.835 M€), Astra Bioplant EOOD (812,000 €), and IREM OOD (803,000 €) guarantee clear visibility on revenue until December 2025. The company’s substantial equity contribution (3.45 M€) represents a significant positive factor demonstrating Datra’s financial commitment.
Risk metrics
Debt/Equity Ratio : 1.09 (Medium risk)
LTV (Loan to Value) : 91% (medium to high risk)
Credit History Score : 10/10 (Excellent)
The debt-to-equity ratio of 1.09 falls into the medium risk category, indicating a moderate level of debt relative to equity. The LTV ratio of 91% is high, suggesting limited collateral coverage relative to the requested loan amount.
The perfect credit history score of 10/10 demonstrates excellent financial discipline, confirmed by the full repayment of two previous loans from Eurobank Bulgaria AD (3 million BGN in 2024). These metrics collectively suggest a profile presenting leverage and collateral coverage risks offset by exemplary repayment reliability and a solid growth trajectory.
Business profile
Geographic Location : Bulgaria (EU Member State)
Industry Sector : Construction/Services (Agricultural Equipment)
Collateral Type : Equipment/Company assets
Bulgaria offers competitive advantages with an agricultural sector representing ~5% of GDP, benefiting from fertile soils, favorable climate, and substantial European subsidies. The Bulgarian agricultural market, valued at 5 billion €, is experiencing accelerated modernization with growing demand for agricultural technologies and sustainable practices, creating opportunities for specialized equipment suppliers.
Datra operates in a sector where agricultural mechanization and food processing are experiencing sustained expansion, driven by European initiatives (Green Deal, “Farm to Fork” strategy). Collateral consists of newly acquired high-quality industrial equipment. The full and early repayment of two significant bank loans in 2024 demonstrates rigorous financial management capacity.
Positive / Risk factors
Positive factors
- Perfect credit history (10/10)
- Strong revenue growth (+260.77%)
- Signed contracts totaling 5.45 M€
- Significant equity contribution (63.3%)
- Bank loans repaid early
- Project profitability: ~35-40%
- Partnerships with European leaders
Risk factors
- High LTV ratio (91%)
- Medium debt-to-equity ratio (1.09)
- Dependence on 3 main contracts
- Emerging market exposure (Bulgaria)
- Significant phase 1 financing (950 K€)
Opinion Datra Ltd.
The B+ rating is justified by the perfect credit history, exceptional revenue growth, and signed contracts that secure future revenue, elements that mitigate the risks related to the high LTV. The company demonstrates strong financial discipline and proven capacity to manage significant financing, positioning this investment opportunity as attractive despite limited coverage metrics.
While the medium debt-to-equity ratio and dependence on main contracts remain concerns, the early repayment of two substantial bank loans, the significant equity contribution, and the expected profitability on projects provide solid comfort.
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About the Author
Silvère is an economist and IT engineer with numerous years of experience in business management, FinTech investment and digital marketing. He invests mainly in crowdlending especially P2P lending, P2B lending, and real estate crowdfunding.