presented by October Spain
lent to this project, means…
paid back in total
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Warning Lending money to SMEs presents a risk of capital loss and requires your savings to be immobilised.
Information & Communication
Created in 2007, Findasense España SL. is active in the Digital Marketing sector. The company, managed by Rafael Fernandez Tamames, has 43 employees and is based in Madrid.
Mr. Rafael Fernandez Tamames, managing director, has overall 10 years of professional experience in the sector.
The company’s main activity is:
The company works with a relatively concentrated customer base of big multinationals.
The head office is located in Madrid and has subsidiaries in Colombia, Costa Rica, México, Perú, Chile, Argentina, Ecuador, Dominican Republic and Morocco.
The company requests a loan of 460. 000 € over 48 months to finance the investment in commercial force which includes recruitment and marketing expenses. This project will be realised this quarter.
The amount offered on the platform is limited to 225400€, which is in line with the regulatory limits.
The borrower is the main operating company representing 28% of the group’s turnover and 54% of the profitability. The financial analysis was carried out on the consolidated and individual financial statements.
With a turnover of 4 190 000 € in 2017 and an experienced team, the company has a good track record combined with a two-digits operating margin.
The increase in turnover is related to the gradual international expansion.
The forecast is based on the performance in 2018, where the company reported a 4 800 000 turnover and a pre-tax profit of 903 000€,The borrower has an excellent repayment capacity with a forecast FCCR (Fixed Charge Cover Ratio *) at 1. 64 and a strong financial structure, with a forecast net debt / ebitda ratio of 2. 69 and a net debt / shareholder equity of 135%.
The analysis of the project leads to a credit rating of B+ and a 5. 5% annual interest rate.
*The multiple of FCCR at 1,64 means that the company has a safety margin of 64% 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.
Points of caution: