Commercial Credit Report for Baltika AS

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	Baltika AS
Valukoja 10
Phone: +372 6302700p:+372 6302700	TALLINN, 11415 Estonia	Fax: +372 6302814f:+372 6302814


Filed for Reorganization Proceedings on 3/25/2020 On 3/25/2020, Baltika AS filed an application for the commencement of Reorganization proceedings with the Harju County Court. On 6/19/2020, the Court approved the Reorganization Plan of Baltika AS. The Court stipulated that the Restructuring Advisor must submit a report to the Court and the impacted creditors every six months. The Reorganization only concerns Baltika AS, not any other Baltika Group entities.
This company is no longer actively traded on any major stock exchange.

Business Summary

Baltika AS is an Estonia-based company that specializes in the design, development, production and sales arrangement of the fashion brands of clothing. The Company operates under the brands of Monton, Mosaic, Baltman and Ivo Nikkolo. Its products are traded domestically as well as in Latvia, Lithuania, Poland, Ukraine and Russia. As of end of December 31, 2011, the Company had 115 stores in six markets in the Baltics and Central and Eastern Europe. As of December 31, 2011, Baltika AS was a parent company of the Baltika group, which consisted of the Company and its subsidiaries, including Baltika Poland Sp zoo, OY Baltinia AB, Baltika Sweden AB, OU Baltika Tailor, AS Virulane, OU Baltika TP and OU Baltika Retail and its subsidiaries OU Baltman, SIA Baltika Latvija, UAB Baltika Lietuva, OOO Kompania Baltman Rus and Baltika Ukraina Ltd. . On June 21, 2012, the Company merged with its wholly owned subsidiary, AS Virulane.

Scores and Ratings

FRISK^® Score	Z'' Score	PAYCE^® Score	DBT Index	Moody's Rating	Fitch Rating	DBRS Rating
-	Yes	-	-	-	-	-

Financials, News and Filings

Latest Statement	Last Audit	News	SEC Filings	Bankruptcy Filings	Suit & Judgment Filings	Tax Lien Filings
3/31/2023	12/31/2022	Yes	-	-	-	-

Industries

SIC Code	Description
5651	Family clothing stores
5999	Miscellaneous retail stores, not elsewhere classified
5136	Men's and boys' clothing and furnishings
2329	Men's and boys' clothing, not elsewhere classified

Officers and Directors

Title	Name	Age	Title Date	Start Date
Chairman of the Supervisory Board	Jaakko S.Salmelin	39	5/23/2012	6/21/2010
Chairman of the Management Board, Chief Executive Officer	FlavioPerini		4/1/2020	4/1/2020
Group Chief Financial Officer	TriinuTarkin		10/1/2020
11 additional Officers and Directors records available in full report.

Business Names

Business Name
AS Baltika
AS Virulane
Baltika Tailor OU
OÜ Baltika Retail
OU Baltika TP

General Information

Number of Employees:	142	(As of 3/31/2023)
Outstanding Shares:	54,079,485	(As of 3/31/2023)
Shareholders:	2,684
Stock Exchange:	TAL
Fax Number:	+372 6302814

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