Maclear Project Jinteki
- Written by
- Just P2P
- •
- Updated March 25, 2025
Score B
JINTEKI Ltd., established in Bulgaria, operates a modern 6,900m² facility specializing in agricultural product processing. The company successfully implemented a €1.98M state grant project and maintains a sophisticated production infrastructure with a 78.26 kW photovoltaic power system.
The company seeks €690,000 financing to expand its production capacity through the acquisition of two Frigoscandia FLoFREEZE® IQF freezers and seven ADVANTEC Narrow 1250 shock freezers. This investment aims to significantly increase their processing capabilities, particularly in their freezing operations.
Investment terms
Total project value : €690,000
Loan requested : €690,000 (100%)
Company contribution : €0
Period : 14 months
Interest rate : 15.9%
JINTEKI is seeking 100% external financing. The 14-month term is above the standard duration, with a 14.9% interest rate reflecting the financing structure. The loan amount is targeted for the expansion of equipment essential to the company’s growth.
Risk metrics
Debt/Equity Ratio : 0,8 (Low risk)
LTV (Loan to Value) : 48% (Low risk)
Credit History Score : 9/10 (Very good)
JINTEKI presents strong financial fundamentals with a debt-to-equity ratio well within the low-risk category (<1.0). The LTV ratio of 48% indicates excellent collateral coverage, falling comfortably in the low-risk range (<60%). Their credit history score of 9/10 demonstrates consistent financial responsibility and strong creditworthiness.
Business profile
Geographic Location : Bulgaria, EU member state
Industry Sector : Agricultural Processing
Collateral Type : Production equipment/facility
The company operates in Bulgaria’s growing agricultural sector, benefiting from EU membership advantages and increasing demand for processed organic products. Their modern facility and renewable energy infrastructure provide operational advantages and cost efficiencies. The collateral structure, based on valuable production equipment and facilities, offers strong security.
Positive / Risk factors
Positive factors
- Excellent risk metrics (D/E: 0.8, LTV: 48%)
- Very good credit history (9/10)
- Modern production facility with renewable energy
- Successful completion of €1.98M state grant
- Strong revenue growth (€154K in 2021 to projected €426K in 2024)
- Market presence with major retailers (Kaufland, Lidl, Metro)
Risk factors
- 100% financing requested (no company contribution)
- Recent management changes (2023-2024)
- Historical financial difficulties under previous management
- Emerging market exposure
- Seasonal business nature
- Longer than standard loan term
Score B
While JINTEKI presents excellent core metrics and operational capabilities, the lack of company contribution and recent management changes prevent a higher rating. However, strong collateral position, proven grant management, and clear growth trajectory provide significant comfort. The B rating balances these factors while maintaining appropriate caution regarding execution risks.
