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Sin Cars Industry AD (Bulgaria)

Main Activities: Motor Vehicle Body Manufacturing
Full name: Sin Cars Industry AD Profile Updated: October 30, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

SIN CARS is an innovative and disparate cars’ manufacturing company. It was founded in 2011 by Mr. Rosen Daskalov (engineer, go-kart and racing driver). SIN CARS was formed in order to create the ultimate driving machine. The business started in 2012 with the establishment of the company “Sin Cars International” Ltd., and the first Bulgarian sports and racing car SIN R1. Achieving homologation for the GT4 World Championship and the launch of sales on 3 continents are proof of the experience gained and the successful realization of the company’s products. After nearly 10 years of testing, prototyping, participation in competitions and numerous exhibitions, we created and established the SIN CARS brand not only in Europe but also in Australia and America. In 2016, European approval for a car manufacturer was received. The company has already faced the upfront costs for the development and testing of the company’s cars and electric vehicles, investments in marketing to promote products, technological advances, as well as the costs of participation in fairs and exhibitions. The initial stage of the investment has been passed, which means that the company has overcome the critical point in its development.

Headquarters
3 Golash Str., Slatina Distr., Fl. 3, Apt. 7
Sofia; Sofia - city; Postal Code: 1111

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Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2021
Key Executives
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Chairman
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Vice Chairman
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Member of the Management Board
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Member of the Management Board
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Member of the Management Board
Ownership Details
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87.72%
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9.83%
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2.43%
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0.02%
Subsidiaries
Sin Kars Development Ltd
Company Performance
Financial values in the chart are available after Sin Cars Industry AD report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency BGN. Absolute financial data is included in the purchased report.
Net sales revenue
162.88%
Total operating revenue
195.34%
Operating profit (EBIT)
30.66%
EBITDA
80.69%
Net Profit (Loss) for the Period
-39.37%
Total assets
50.17%
Total equity
-12.37%
Operating Profit Margin (ROS)
11.07%
Net Profit Margin
5.44%
Return on Equity (ROE)
-5.24%
Debt to Equity Ratio
100.51%
Quick Ratio
0.29%
Cash Ratio
0.01%

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