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AGILEKIA #2

presented by October France

€42,000

4.75%

24 months

B

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lent to this project, means…

paid back in total

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location

Location

Neuilly-sur-Seine, France

activity

Activity

Information & Communication

Presentation of the company

Created in 2015, Agilekia is active in the digital services sector. The company, managed by Elodie Klimpf, has 5 employees and is based in Neuilly sur seine.

The company’s main activities are:

  • Coaching and training in project management: Agile tools and methodology.
  • Audit and consulting: assistance with diagnosis, design and implementation and change management.
  • Provision of skills dedicated to Agility.

The company works with Upside, Hays, Chanel, France Media Monde, Comundi.

Project Description

The company requests a loan of 42 000 € over 24 months to finance a new business developper. This project will be realised in the next month.

As a reminder, the October lending community supported Agilekia in 2017 with 30 000€ to finance a second collaborator.

The amount offered on the platform is limited to 20 580€, which is in line with the regulatory limits.

Analyst’s Opinion

With a turnover of €2,096,000 at 31 January 2019 and an experienced team, the company has a good track record combined with a double-digit operating margin.

In recent years, the increase in turnover has been linked to the increase in the number of customers and missions. The decline in the Ebitda margin is linked to the increasing level of the wage bill.

The forecasts are based on the performance of the most recently published financial year (31/01/2019). The borrower has an excellent repayment capacity with a Fixed Charge Cover Ratio (FCCR) of 2.45 and a solid financial structure with a positive cash balance.

The analysis of the project leads to a credit rating of B and an annual interest rate of 4.75%.

*The multiple of CCRF at 2.45 means that the company has a 145% margin of safety in relation to its ability to repay its credit maturities.

The expert opinion is given for information purposes on the basis of the information provided by the project leader and information from our databases (external data file). This opinion is only an element of reflection in the decision making of a lender to participate in the financing of a project.

Strong points:

  • Good historical performance based on recurring customers.
  • Excellent repayment capacity with a expected CCRF of 2.45.
  • Strong managerial experience in management positions within large groups of companies.

Points of caution:

  • Key man risks.
  • Customer focus.