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Décolletage Mottier

presented by October France

€156,000

4.75%

20 months

B

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location

Location

La Tour, France

activity

Activity

Industry

Presentation of the company

Created in 1968, Decolletage Mottier is active in the screw-cutting industry sector. The company, managed by SAS Agmen, has 20 employees and is based in La tour.

The company’s main activities are:

  • Fabrication of mechanical parts for the Aerospace and Railway industries.
  • Screw-cutting of copper, brass, bronze, steel, aluminium and stainless steel parts.

The company works with major international groups like Amphenol-Socapex, Parker Hannifin/Parker Legris, Würth Elektronik, Schlumberger, Saib, Rossmane, Rheintacho Messtechnik and Staübli in the Aerospace, Industry, Railway and Electronics sectors.

Decolletage Mottier has a historical know-how with 2 production sites with recent installations and a fleet of 45 machines. 

Project Description

The company requests a loan of 156 000 € over 20 months to finance Hardware and Software investments and 2 high-pressure pumps for steel machining. This project will be realised next month.

The amount offered on the platform is limited to 76 440€, which is in line with the regulatory limits.

Analyst’s Opinion

With a turnover of 4 045 000 € in 2017 and an experienced team, the company has a good track record combined with a two-digits operating margin.

Over the past few years, increase of turnover is driven by the signing of new contracts and the fidelization of current customers. Profitability, included management fees, is a range of 25%. The forecast is based on the 2017 and 2018 performances taking into account the signing of new contracts upon the arrival of a new shareholder in jully 2018.

The borrower has a correct repayment capacity with a forecast FCCR (Fixed Charge Cover Ratio *) at 1,09 and an excellent financial structure, with a forecast net debt / ebitda ratio of 1,14 and a net debt / shareholder equity of 39%.

taking into account the subordinated shareholder loan.

The analysis of the project leads to a credit rating of B and a 4,75% annual interest rate.

*The multiple of FCCR at 1,09 means that the company has a safety margin of 9% 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.
  • Correct repayment ability with a forecasted FCCR of 1,09 reinforced by the support of banking pool and shareholders.
  • Longstanding company with excellent reputation.

Point of caution:

  • Fast growing 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.