RF - Donalam

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Overview

This project was approved in the context of the Bank's response to the COVID-19 pandemic. To avoid delays to the delivery of this project, the Bank's President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of the Directive on Access to Information. Details of the Bank's response to COVID-19, and this deviation, can be found on our website.

The project consists of a working capital loan of up to EUR 5 million for a tenor of 2 years to finance the company's working capital needs.

Project ID 52191

Status Complete

Location

Romania

Business Sector

Manufacturing and Services

Notice Type

Private

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Company Contact Information

Iulian Frunza
i.frunza@beltrame-group.com
+40 242 307473
+40 242 306913
www.gruppobeltrame.com
DONALAM SRL Strada Prelungirea Bucuresti nr. 162, Calarasi, Romania

Project ID 52191

Status Complete

Location

Romania

Business Sector

Manufacturing and Services

Notice Type

Private

Environmental Category

Approval Date

07 Jul 2020

Disclosure date

21 Jul 2020

As permitted by paragraph 2.6 of Section III of the Access to Information Policy, disclosure of this PSD was deferred in accordance with paragraph 1.4.4 of the Directive on Access to Information.

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

RF - Donalam (Romanian) (PDF, 0.69MB)

Project description

The project consists of a working capital loan of up to EUR 5 million for a tenor of 2 years to finance the company's working capital needs.

Project objectives

The objective of the financing is to fill liquidity gaps at borrower level from expected lower sales in the coming months due to Covid-19 impact, as well as address net working capital need caused by payables volatility following the company's business cycle and higher spikes in cash needs linked to the current context.

Transition impact

ETI Score:90

transaction will be monitored on the basis of the existing benchmarks, as per the guidelines of the Resilience Framework: market expansion, increased standards of corporate governance and business conduct, as well as the novelty of the products.

Client information

DONALAM SRL

Address: Strada Prelungirea Bucuresti nr. 162, Calarasi, Romania, Phone +40 242 307473, Fax +40 242 306913

EBRD Finance Summary

EUR 5,000,000.00

EBRD finance consists of a working capital loan of up to EUR 5 million for a tenor of 2 years to finance the company's working capital needs, to fill liquidity gaps from expected lower sales in the coming months due to Covid-19 impact, as well as address increased net working capital needs caused by payables volatility.

Total project cost

EUR 5,000,000.00

EUR 5,000,000

Additionality

EBRD financing is provided in the extraordinary circumstances of the Covid-19 crisis. Specific triggers for the Enhanced Additionality Approach will not apply. Additionality sources - Covid-19 crisis response: EBRD financing effectively bridges a liquidity gap due to adverse market conditions, e.g. the Covid-19 crisis.

Environmental & Social Summary

Categorised C (2019 ESP) and Low - Medium risk. This is an existing client of the Bank who performed well during the period of the previous loan which was only recently repaid in full. The previous Project was implemented in a manner in line with the Bank's PRs; the previous ESAP was implemented in full; and reporting was carried out in line with the Bank's requirements. The provision of working capital does not represent any additional EHSS risks to the operation. ESDD consisted of a review of the previous Project due diligence and the historical reporting provided by the client. There is no requirement for an ESAP specific to this Project. There is no GET component associated with this Project.

Technical Cooperation and Grant Financing

N/A

Company Contact Information

Iulian Frunza
i.frunza@beltrame-group.com
+40 242 307473
+40 242 306913
www.gruppobeltrame.com
DONALAM SRL Strada Prelungirea Bucuresti nr. 162, Calarasi, Romania

Implementation summary

PSD last updated

21 Jul 2020

Understanding transition

Further information regarding the EBRD’s approach to measuring transition impact is available here.

Business opportunities

For business opportunities or procurement, contact the client company.

For business opportunities with the EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

For state-sector projects, visit EBRD Procurement:

Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

Specific enquiries can be made using the EBRD Enquiries form.

Environmental and Social Policy (ESP)

The ESP and its associated Environmental and Social Requirements (ESRs) set out the ways in which the EBRD implements its commitment to promoting “environmentally sound and sustainable development”. The ESP and the ESRs include specific provisions for clients to comply with the applicable requirements of national laws on public information and consultation, and to establish a grievance mechanism to receive and facilitate resolution of stakeholders’ concerns and grievances, in particular, about the environmental and social (E&S) performance of the client and the project. Proportionate to the nature and scale of a project’s environmental and social risks and impacts, the EBRD also requires its clients to disclose information, as appropriate, about the risks and impacts of projects or to undertake meaningful consultation with stakeholders and consider and respond to their feedback.

More information on the EBRD’s practices in this regard is set out in the ESP.

Integrity and compliance

The EBRD's Office of the Chief Compliance Officer (OCCO) promotes good governance and ensures that the highest standards of integrity are applied to all of the Bank's activities in accordance with international best practice. Integrity due diligence is conducted on all Bank clients to ensure that projects do not present unacceptable integrity or reputational risks to the Bank. The EBRD believes that identifying and resolving issues in the project assessment and approval stages is the most effective means of ensuring the integrity of Bank transactions. OCCO plays a key role in these protective efforts andhelps to monitor integrity risks in projects post-investment.

OCCO is further responsible for investigating allegations of fraud, corruption and misconduct in EBRD-financed projects. Anyone, either within or outside the Bank, who suspects fraud or corruption should submit a written report to the Chief Compliance Officer by email to compliance@ebrd.com. OCCO will follow-up all matters reported. It will review all matters reported. Reports can be made in any language of the Bank or of the Bank's countries of operation. The information provided must be made in good faith.

Access to Information Policy (AIP)

The AIP, which entered into force on 1 January 2025, sets out how the EBRD discloses information and consults with its stakeholders to promote better awareness and understanding of its strategies, policies and operations. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.

Specific requests for information can be made using the EBRD enquiries form.

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (for example, through the client’s project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the mechanism is: to support dialogue between project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or the project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate and how to submit a Request for review. Alternatively, contact IPAM by email at ipam@ebrd.com for guidance and more information on IPAM and how to submit a request.

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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RF - Donalam

Overview

Project timeline

Company Contact Information

Project description

Project objectives

Transition impact

Client information

EBRD Finance Summary

Total project cost

Additionality

Environmental & Social Summary

Technical Cooperation and Grant Financing

Company Contact Information

Implementation summary

PSD last updated

Understanding transition

Business opportunities

General enquiries

Environmental and Social Policy (ESP)

Integrity and compliance

Access to Information Policy (AIP)

Independent Project Accountability Mechanism (IPAM)