Implementation of an entrepreneurial idea of an enterprise Pasmarex Ltd.

Pasmarex Ltd. was established on 20.09.2018. Its main activities include Manufacture of woven and knitted narrow articles made of natural and synthetic yarns. The Company has the main activity code of the NACE.BG 13.99: Manufacture of other textile products, not elsewhere classified. The ambition of the company is to establish itself in the market of textile products, and in particular of medical supplies in Bulgaria. This project proposal is aimed at developing a new enterprise in an area related to European and regional challenges, namely the production of products related to care and healthcare. With this, the project proposal will help to solve one of the main problems in the start-up of independent economic activity, namely the access to the initial financing for market realization of the entrepreneurial idea. This will achieve the main goal of the project - the development of a new sustainable enterprise in the textile products industry, and in particular, medical supplies and its promotion in the market as a stable and competitive company. The project includes the following activities: 1. Market Realizatin of the Entrepreneurship Idea. 2. Project preview. Through the implementation of the project activities the following results will be achieved: 1. Successful marketing of a new business idea. 2. The imposition on the market of a new business entity. 3. Provided employment of at least 3 persons, including those from vulnerable groups. 4. Realizing net sales revenue for a three-year period after the end of the project, amounting to 150,63 % of the requested grant. 5. Achievement of EBITDA for a period of three years after the end of the project, amounting to 15.24 % of the requested grant. The successful implementation of the project proposal will create the necessary conditions for the sustainable development of Pasmarex Ltd. and objective preconditions for the development of small and medium enterprises and employment in the Southwest region.

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Overview

Status Closed (completion date)
Start date 27 May, 2019
End date 25 Mar, 2021
Contract date 27 May, 2019
View in UMIS

Beneficiary

Financial information

Total cost 248,130.00
Grant 198,504.00
Self finance 49,626.00
Total paid 197,116.80
EU participation percent 85.0%

Location