The DD was done with a classical approach: we go on-site during 7-10 days. After this we write our report and conclusions and provide the investor (buyer) with a report and attachments. The main report and conclusions with corresponding attachments are prepared during the works.The duration of the works is around 2 to 3 weeks.

“Due to the COVID19 we had to re-think our business model and we started to work from a distance as per October 2020.”

What are the advantages of a digital Due Diligence in Romania ?

1.     We do not have to travel to Romania

2.     We can work more accurate as we do not lose time on site with the seller

3.     We write better reports and we can go into more detail

4.     In general, it is much faster compared to the classical method that we used before

Example of some of the topics handled.

1.     Register of commerce and monitor of Romania

2.     Organizational chart

3.     Employees

4.     FinData

5.     Own Equity

6.     Shareholder loans

7.     Bancary loans

8.     VAT & Taxes

9.     Buildings

10. Land for agriculture

11. APIA

12. Irrigation plan and irrigation

13. Depreciation of all assets

14. Commercial contracts clients & suppliers

15. Law cases

16. Organic farming

17. Permits

18. Subvention files

19. Observations accountancy

20. Fusions

21. General conclusions