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Emosense

presented by October France

€139,000

6.5%

24 months

C

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location

Location

Ivry-sur-Seine, France

activity

Activity

Events

Presentation of the company

Created in 2010, Emosense is active in the RH consulting sector. The company, managed by Robert Zuili is based in Ivry sur Seine. Historically the company is dedicated to RH consutling. For this activity the manager developped some tools, which one of them is the Profeel-RH application. Officially created in 2017, Profeel-RH is an innovative solution for measuring and improving the key element of well-being and performance at work : the quality of professional relational interactions.

The company’s main activities are:

  • RH consulting and formation for managers of companies
  • Profeel-RH application sales

The company works with 40 companies.

Profeel-RH is the result of more than ten years of research and studies with 2000 employees of more than 25 nationalities. The founder has developed relevant algorithms for professional matching. The solution is operational and already used by clients.

The manager created his first consulting company in 2003, then with the retirement of his associate, bought his clients portfolio under Emosense.

Robert Zuili is also teacher at the EM lyon school for the MBA executive team, and is recognized in the french media : he is often consulted as specialist. 

Project Description

"The company wishes to borrow 139 000 € over 24 months to finance the IT development and the marketing of the Profeel RH application. This project will be realised this quarter.

The amount offered on the platform is limited to 68 110€, 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.

Analyst’s Opinion

With a turnover of 417 000 € in 2017 and an experienced team, the company has a good track record combined with a two-digits operating margin.

The increase of the revenue is driven by the inscreasing demand. The variation of the profitablity depends on non reccuring costs. In 2018, the revenue is forecasted at 425 000€. For the past 6 months, the budget is respected. The sales of the application will generate additional revenue of 278 000 €. The forecasts have been done on 2018 including the sales of the Profeel RH.

The borrower has a good repayment capacity with a forecast FCCR (Fixed Charge Cover Ratio *) at 1,21 and a strong financial structure, with a forecast net debt / ebitda ratio of 0,1 and a net debt / shareholder equity of 43%.

The analysis of the project leads to a credit rating of C and a 6,5% annual interest rate.

Strong points:

  • Good historical performance based on diversified client base.
  • Good repayment ability with a forecasted FCCR of 1,21.
  • Manager in the sector for 15 years, and recognized in the french media (BFM TV, RMC radio…)

Point of caution:

  • Evolution of the business model with the industrialisation of the application

*The multiple of FCCR at 1,21 means that the company has a safety margin of 21% 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.