April 24, 2018 2:14 PM ET

Diversified Financial Services

Company Overview of UAB Mokilizingas

Company Overview

UAB Mokilizingas provides hire purchase and factoring services to private and corporate clients. It offers hire purchase, co-branded card, car and off-road vehicles leasing, and insurance services. The company also provides funding for purchasing cars and off-road vehicles, such as trucks, tractors, trailers, and buses; and technical equipment that include construction, road making equipment, and other new and used vehicles. UAB Mokilizingas was formerly known as UAB Snoro Lizingas and changed its name to UAB Mokilizingas in November 2013. The company was founded in 1999 and is based in Vilnius, Lithuania. UAB Mokilizingas is a former subsidiary of AB bankas SNORAS.

Lvovo g. 25

Verslo uostas

Vilnius,  09320

Lithuania

Founded in 1999

Phone:

370 5 219 7414

Fax:

370 5 249 7676

Key Executives for UAB Mokilizingas

CEO & Member of Management Board
Chairperson of Management Board, Deputy CEO & CFO
Member of Management Board
Member of Management Board
Member of Management Board
Compensation as of Fiscal Year 2017.

UAB Mokilizingas Key Developments

UAB Mokilizingas Announces Unaudited Earnings Results for the Fourth Quarter and Year Ended Dec. 2017

UAB Mokilizingas announced unaudited earnings results for the fourth quarter and year ended Dec. 2017. For the quarter, the company reported total revenue of EUR 2,294,000 against EUR 1,466,000 a year ago. Earnings before impairment losses were EUR 994,000 against EUR 371,000 a year ago. Net profit was EUR 1,366,000 against EUR 993,000 a year ago. Return on equity was 67.9% against 63.0% a year ago. Return on assets was 5.7% against 5.1% a year ago. For the year, the company reported total revenue of EUR 6,332,000 against EUR 5,871,000 a year ago. Earnings before impairment losses were EUR 1,793,000 against EUR 1,838,000 a year ago. Net profit was EUR 1,927,000 against EUR 1,853,000 a year ago. Return on equity was 24.8% against 31.6% a year ago. Return on assets was 2.1% against 2.3% a year ago.

UAB Mokilizingas Announces Cessation of Saulius Kuliešius from Management Board

The supervisory board of UAB Mokilizingas, belonging to the AS LHV Group consolidation group, has decided to withdraw Mr. Saulius Kuliešius from the Management Board. Mr. Kuliešius ceased his duties as the Commercial Director of UAB Mokilizingas due to personal reasons and collateral agreement with the company.

UAB Mokilizingas Announces Board Changes

The Supervisory Board of UAB Mokilizingas has elected new Management Board members. Previous board members Erki Kilu, Mantas Jonuška and Jurgis Rubaževicius were recalled. New UAB Mokilizingas Management Board was elected for a 4-year period and consists of members Benas Pavlauskas, Jone Virbickiene, Saulius Kuliešius and Raimondas Štreimikis. Benas Pavlauskas is a member of the Management Board of UAB Mokilizingas since June 2015 and the Chief Executive Officer of UAB Mokilizingas since January 2016. He was working as Chief Operating Officer of UAB Mokilizingas from June 2015 until January 2016. Jone Virbickiene has been elected as a new member of the Management Board as well as the chairperson. UAB Mokilizingas is the first company where she is going to take part as the Management Board member, however, she is the deputy Chief Executive Officer of UAB Mokilizingas since July 2017 and the Chief Financial Officer of UAB Mokilizingas since October 2016. Before that Jone Virbickiene worked as an Assistant Manager at UAB PriceWaterhouseCoopers up until September 2016. Saulius Kuliešius is a new member of the Management Board of UAB Mokilizingas. He is the deputy Chief Executive Officer of UAB Mokilizingas since July 2017 and Commerce manager of UAB Mokilizingas since May 2016. Up until May 2016 that he took a position as Sales department manager of UAB Mokilizingas. Addittionaly, Saulius Kuliešius is the General Manager of UAB Mokilizingas’ Latvian branch since September 2015. Raimondas Štreimikis is a new member of the Management Board of UAB Mokilizingas. He is the Chief Executive Officer of e-learning companies UAB E.mokykla and UAB Tavo mokykla since June 2016. Additionally, he was the Project Manager at UAB Žabolis ir partneriai since January 2015 as well as participating as the Management Board member of UAB ZIP7 since May 2016.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 21, 2018
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