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GT Company

presented by October France

€104,000

6.5%

12 months

C

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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.

location

Location

Chessy, France

activity

Activity

Marketing surveys & consulting

Unfortunately, you cannot lend to this project.

Why? This project* does not fall within the regulatory framework of October IFP, defined by the ordinance of 30 May 2014 (ordinance on participatory financing). It is therefore not offered to individual lenders as part of participatory financing.

According to the Ordinance of 30 May 2014, a project consists of a purchase or a set of purchases of goods or services contributing to the completion of a predefined transaction in terms of purpose, amount and timetable.

Presentation of the company

Created in 2013, GT Company is active in the Import-export of technological products sector. The company, managed by Gregory Taude, has 5 employees and is based in Chessy.

Mr. Gregory Taude, managing director, has overall 17 years of professional experience in the sales and distribution sector. Previously, he was European Sales Director at JK Imaging Europe LTD and Key account Manager at PHILIPS.

The company’s main activity is: distribute innovative products on the French and European markets, such as mobile phone photo printers, cameras, toys.

The company works with a solid network of specialised Distributors, European Distributors, leading supermarkets and also marketplace. Among its key accounts, we find: Carrefour, Leclerc, System U, Fnac, Darty, Cdiscount, Boulanger, Air France, SFR, Orange, Eletrodepot, BIGBEN.

GT Company benefits from a strong and reagent address book allowing to validate the saleability of products: product tests and return within 2 weeks allowing quick decisions to be taken.

Project Description

The company requests a loan of 104 000 € over 12 months to finance the purchase of stock of photo printers for smartphones, cameras and gadget toys. This project will be realised next month.

The amount offered on the platform is limited to 50 960€, which is in line with the regulatory limits.

Analyst’s Opinion

With a turnover of 2 967 000 € in 2018 and an experienced team, the company has a good track record combined with a two-digits operating margin.

In 2017 and 2018 the increase in turnover is driven by strategic choices on the markets to be addressed and the opening of new contracts with strong partnerships. The forecast is based on the 2018 performance, taking into account the growth trend of the company, and the result of the Q1 2019 (€2,2 millions achieved in Q1 2019).

The borrower has a good repayment capacity with a forecast FCCR (Fixed Charge Cover Ratio *) at 1,26 and a good financial structure, with a forecast net debt / ebitda ratio of 1,8 and a net debt / shareholder equity of 198%, taking into account the adjustments on the Factoring line regarding the credit insurance policy subscribed by the borrower.

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

*The multiple of FCCR at 1,26 means that the company has a safety margin of 26% 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 quality key account customers base.
  • Good repayment ability with a forecasted FCCR of 1,26.
  • Strong knowledge of the manager in the distribution market.

Point of caution:

  • Growing fast company with high level of inventory.

Malheureusement, vous ne pouvez pas prêter à ce projet.

Pourquoi ? Ce projet* ne s’inscrit pas dans le cadre réglementaire de l’IFP d’octobre, défini par l’ordonnance du 30 mai 2014 (ordonnance sur le financement participatif). Il n’est donc pas proposé aux prêteurs individuels dans le cadre du financement participatif.

Selon l’ordonnance du 30 mai 2014, un projet consiste en un achat ou un ensemble d’achats de biens ou de services contribuant à la réalisation d’une opération prédéfinie en termes d’objet, de montant et de calendrier.