presented by October Italy
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.
Nocera Superiore, Italy
Created in 1973, Italian Food S.p.A. is active in the Food sector. The company, managed by Maria Gambardella, has 168 employees and is based in Nocera superiore.
The company’s main activities are:
The company works with top tier national and international large scale retail trade operators with a wide catalog of products and for other companies in food industry.
The company requests a loan of 700 000 € over 36 months to finance the advertising campaign for the launch of a new products under Petti brand. This project will be realized this semester.
As a reminder, the October lending community supported Italian Food in January 2018 with 1 600 000 € to finance the TV advertising campaign. Current outstanding is about 1 092 000 € in line with the ammortisation scheme.
This project is not covered by the Italian state guarantee.
The amount offered on the platform is limited to 343 000 €, which is in line with the regulatory limits.
With a turnover of 55 406 831 € in 2017 and an experienced team, the company has a good track record combined with a strong operating margin.
Increase of turnover has been driven by strong advertising activity on products under the own brand Petti, those investment in advertising are also the main cause of the slight decrease in marginality. The forecast is based on the performance recorder in 2018 taking in consideration also the Company business plan and the expected launch of new products.
The borrower has a solid repayment capacity with a forecast FCCR (Fixed Charge Cover Ratio *) at 1,55 and a good financial structure, with a forecast net debt / ebitda ratio of 4,32 and a net debt / shareholder equity of 160%.
The analysis of the project leads to a credit rating of B+ and a 4,8% annual interest rate.
*The multiple of FCCR at 1,55 means that the company has a safety margin of 55% 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.
Points of caution:
*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.