presented by October France
lent to this project, means…
paid back in total
taxes not includedCreate your account
Warning Lending money to SMEs presents a risk of capital loss and requires your savings to be immobilised.
Created in 2010, Duty Free Concept is active in the duty free products sector. The company, managed by Philippe Perraud, has 5 employees and is based in Paris 2. The company operates shops in France and Cameroon
The company’s main activities are:
The company works with 3 airlines and 2 airports
The company wishes to borrow 259 500 € over 48 months with 3 months of deferred repayment to finance two airport duty free shops in Bamako. This project will be realised this month.
As a reminder, the Lendix lending community supported the company in 2015 with 250 000 € to finance two duty free airport shops in Cameroon.
This project is a Flexible Bridge Loan, an amortizable loan with a standard commitment for the first 9 months and the possibility of early repayment at no cost for the remainder of the loan term, even in the event of refinancing by other financial institutions.
This project is a medium-term loan with a capital amortisation deferment and as such presents a different method of capital repayment than standard projects. The first 3 months, the lenders will only receive interest; the following 45 months, the lenders will receive interest and principal amortization. This principal repayment profile matches the borrower’s financing needs while allowing lenders to earn a higher amount of interest.
The amount offered on the platform is limited to 127155€, which is in line with the regulatory limits.
Like all projects presented to individual lenders on Lendix, it is co-financed with institutional investors, sophisticated investors and the management of Lendix, subscribers to the Lendix Fund.
With a turnover of 4 793 000 € in 2017 and an experienced team, the company has a good track record combined with an acceptable operating margin.
Last year, the profitability level decreased because of Market research expenses to find new opportunities. The forecast is based on the historical performance.
The borrower has a good repayment capacity with a forecast FCCR (Fixed Charge Cover Ratio *) at 1,28 and an excellent financial structure, with a forecast net debt / ebitda ratio of 1,5 and a net debt / shareholder equity of 81%.
The analysis of the project leads to a credit rating of B and a 5,65% annual interest rate.
Points of caution:
*The multiple of FCCR at 1,28 means that the company has a safety margin of 28% 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 (Scores & Decisions, Corporate Banking File). This opinion is only an element of reflection in the decision making of a lender to participate in the financing of a project.