Bianchi Angelo

Presentation of the company

Created in 1988, Bianchi Angelo S.r.l. is active in the metal sector. The company, managed by Mario Bianchi, has 15 employees and is based in Brignano Gera d’Adda (Italy).

The company’s main activity is the production of precision small metal goods.

The company works with several customers mostly specialised in the electrical sector, automobile industry and home furnishing.

In 2014 the company asked for a composition with creditors due to negative market conditions.

In 2018 Bianchi Angelo S.r.l. exited from the procedure having honored the agreements made with all creditors.

Project Description

The company wishes to borrow 150 000 € over 36 months to finance to replace a washing machine of metal products. This project will be realised by the end of the year.

This project is not covered by the Italian state guarantee.

The amount offered on the platform is limited to 73 500 €, which is in line with the regulatory limits.

Like all projects presented to private lenders on Lendix, it is co-financed with institutional investors, sophisticated investors and the management of Lendix, subscribers to the Lendix Fund.

Analyst’s Opinion

With a turnover of 3 499 000 € in 2017 and an experienced team, the company has a good track record combined with a two-digits operating margin.

The level of activity is influenced by price of raw materials. The forecast is based on the performance of 2017 taking into account first months of 2018

The borrower has a good repayment capacity with a forecast FCCR (Fixed Charge Cover Ratio *) at 1,24 and a good financial structure, with a forecast net debt / ebitda ratio of 0,37 and a net debt / shareholder equity of 12%.

The analysis of the project leads to a credit rating of B and a 5,90 % annual interest rate.

Strong points:

• Good historical performance based on diversified client base;
• Good repayment ability with a forecasted FCCR of 1,24;
• Products certified by main Italian Energy company (end user).

Point of vigilence:

• Level of ctivity influenced by raw material prices.

*The multiple of FCCR at 1,24 means that the company has a safety margin of 24 % relative to its ability to repay its credit maturities.

The expert opinion is given as an indication on the basis of the elements provided by the project holder and information from our databases (ModeFinance, Crif). This opinion is only an element of reflection in the decision making of a lender to participate in the financing of a project.