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Generys Groupe

presented by October France

€315,000

6%

60 months

B

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location

Location

Villepinte,France

activity

Activity

Financial

Presentation of the company

Generys Groupe is the holding company set up in 2008 active in the cremation and funeral services for humans and domestic animals. Group is managed by Nicolas Goossens, has 22 employees and is based in Villepinte.

The group companies are:

  • Since 1975, the company Soissons is a funeral homes with 3 points of sale of the Roc Eclerc network on Villepinte, Tremblay in France and Villeparisis. The company has an exclusive contract with the Roc franchise network for another 5 years.
  • Since 1998, the company SIAF manages the Guyancourt Crématorium and Villepinte cemetery for animal funeral services
  • Crematorium des bois Rochefort (CBR) in the Val d’Oise, is in the process of opening, following the award of the public service delegation (DSP) in 2016

The company works with the families of the deceased.

Project Description

The company wishes to borrow 315 000 € over 60 months with 5 months of deferred repayment to finance part of crematorium des bois rochefort project. The funding will take place in two tranches, the first one of 315 000 € set in place this month and the remaining one later for another project. The Crematorium project as a whole amounts to €3.9 million in real estate, technical equipment and furniture. The balance is financed by a 15-year bank loan and by capital contributions from the shareholders.This project will be realised next month.

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 5 months, the lenders will only receive interest; the following 55 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 154 350€, which is in line with the regulatory limits.

*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.

*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.