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De Autostudio B.V.

presented by October Netherlands

€150,000

7.5%

36 months

C

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location

Location

Zwaag, Netherlands

activity

Activity

Commerce

Presentation of the company

Created in 2016, DeAutostudio B. V is active in the Automotive sector . The company, led by Pieter Koolen, consists of two employees and is located in Zwaag.

DeAutostudio specializes in buying and selling only special and distinctive BMW cars with a comprehensive maintenance history and that excel in condition.

The company’s main activities are:

  • Purchasing luxury BMW occasions 
  • Selling luxury BMW occasions 
  • Selling traded cars

The company works with B2C customers and a diversified supplier base.

The Autostudio B. V. focuses on luxury BMW occasions. 

The company attracts customers who can afford and are willing to pay an extra for a luxury car. 

By providing an exceptional online experience the company attracts customers for a visit. The company sells cars within 30 to 40 days and is therewith able to respond quick on demand on the market.

Project Description

The company requests a loan of 150. 000 € over 36 months to finance the purchase of additional stock of cars to be sold. 

With the additional financial sources the company is able to purchase and sell more cars in order to increase the revenue. This project will be realised this quarter.

The amount offered on the platform is limited to 73500€, which is in line with the regulatory limits.

Analyst’s Opinion

With a turnover of 2 982 000 € in 2017 and an experienced team, the company has a good track record combined with a strong operating margin.

The forecast is based on the 2017 and 2018 actual results.

The borrower has a correct repayment capacity with a forecast FCCR (Fixed Charge Cover Ratio *) at 1,39 and a strong financial structure, with a forecast net debt / ebitda ratio of 0,2 and a net debt / shareholder equity of 12%.

The analysis of the project leads to a credit rating of C and a 7,50% annual interest rate.

*The multiple of FCCR at 1,39 means that the company has a safety margin of 39% 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 (External data provider). 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 diversified client base.
  • Good repayment ability with a forecasted FCCR of 1,39.
  • Experienced management in the automotive sector

Points of caution:

  • Relatively small company

*The multiple of FCCR at 1,2 means that the company has a safety margin of 20 % 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, Cerved). This opinion is only an element of reflection in the decision making of a lender to participate in the financing of a project.