Balance Sheet	2004*	2005	2006	2007	2008
Total fixed assets	7,890	789	30,789	651,510	843,546
Total current assets	4,021	402	579,914	822,896	506,816
Inventory	N/A	261	N/A	46,637	516
Cash and deposits	1,326	N/A	77,993	22,662	17,818
Total receivables	2,695	8	501,921	753,597	488,482
Total capital	N/A	N/A	83,519	93,053	21,394
Paid-in capital	2,000	200	200	200	200
Loss provisions	N/A	N/A	N/A	N/A	N/A
Total debt	60,500	6,050	527,184	1,381,353	1,382,421

* Values expressed in thousands Lei.

Profit and Loss	2004*	2005	2006	2007	2008
Annual turnover	N/A	N/A	1,260,327	3,607,120	3,839,202
Total revenues	N/A	N/A	1,277,193	3,695,782	3,929,834
Total expenses	N/A	N/A	1,172,946	3,682,092	4,001,493
Profit before tax	-	-	104,247	13,690	-71,659
Net profit	-	-	88,378	9,534	-71,659
No of employees	N/A	N/A	2	6	7

* Values expressed in thousands Lei.

Balance Sheet Ratios	2004	2005	2006	2007	2008
Debt to equity ratio	-	-	6.3121	14.8448	64.6172
Total debt to total assets	7.6679	7.6679	17.1225	2.1202	1.6388
Shareholder's equity to total assets	-	-	2.7126	0.1428	0.0254

Profitability Ratios	2004	2005	2006	2007	2008
Profit before tax margin (%)	-	-	8.2714	0.3795	-1.8665
Net profit margin (%)	-	-	7.0123	0.2643	-1.8665
Before tax ROE (Return On Equity)	-	-	124.8183	14.7120	223.5223
After tax ROE (Return On Equity)	-	-	105.8178	10.2458	223.5223

Operating Ratios	2004	2005	2006	2007	2008
Inventory turnover (days)	-	-	-	4.7191	0.0491
Receivables turnover (days; VAT adjusted)	-	-	122.1513	64.0803	39.0260
Total assets turnover (times)	7.6679	7.6679	17.1225	2.1202	1.6388

Note: On 1 July 2005, Romania's national currency (Leu) was denominated; 10,000 ROL = 1 new leu (RON).

Annual Turnover (2004-2008)	Evolution of Turnover vs. Sector Average
The graph shows the evolution of annual turnover of the company MASTER EXPEDITII SI TRANSPORTURI INTERNATIONALE S.R.L. in 2004 - 2008.	The graph shows the evolution of turnover of the company MASTER EXPEDITII SI TRANSPORTURI INTERNATIONALE S.R.L., compared with the average turnover of the main activity of which it forms part, surrounding the company in one of the quartile.
Chart.	Chart.

Total Assets (2004-2008)	Evolution of Total Assets vs. Sector Average
The graph shows the evolution of total assets (calculated as the sum of the fixed assets and current assets) for MASTER EXPEDITII SI TRANSPORTURI INTERNATIONALE S.R.L.in 2004- 2008.	The graph shows the evolution of total assets (calculated as the sum of the fixed assets and current assets) compared with the average turnover of the main activity of which it forms part
Chart.	Chart.

Total Debt (2004-2008)	Total Debt/ Total Assets (%)
The graph shows the evolution of total debt for the company MASTER EXPEDITII SI TRANSPORTURI INTERNATIONALE S.R.L. in 2004 - 2008.	The graph shows the evolution of the ratio between total debt and total assets of MASTER EXPEDITII SI TRANSPORTURI INTERNATIONALE S.R.L.in 2004-2008 as a percentage.
Chart.	Chart.

Profit Before Tax (2004-2008)	Profit Before Tax Margin (%)
The graph shows the evolution of gross profit for the company MASTER EXPEDITII SI TRANSPORTURI INTERNATIONALE S.R.L..	The graph shows the evolution ratio between gross profit and turnover of MASTER EXPEDITII SI TRANSPORTURI INTERNATIONALE S.R.L.in 2004-2008.
Chart.	Chart.

Legend:

Garnet line: divides companies' performance in (2) two halves: upper and lower;
Green line: divides performance of the upper half companies in two quarters: "top quarter" and "above average quarter";
Red Line: divides performance of the lower half companies in: "below average performance" and "lowest performance";
White background: represent the top half of each quarter;

This financial report generated for MASTER EXPEDITII SI TRANSPORTURI INTERNATIONALE S.R.L. is based on freely available data published by official sources. The liability for this company profile belongs to these sources. Please contact us for a detailed financial profile for MASTER EXPEDITII SI TRANSPORTURI INTERNATIONALE S.R.L.