Italstampi

Presentation of the company

Created in 2012, Italstampi S.r.l. is active in the moulds production sector. The company, managed by Luciano Cremaschini, has 8 employees and is based in Marcheno (Italy).

The company’s main activity is the production of moulds of two types: from diecasting of metals and from plastic materials.

The company works with a consolidated clients portfolio and offers them a full range of services from the design of the moulds to final testing and delivery to clients.

Project Description

The company requests a loan of 48 000 € over 42 months to finance the acquisition of an operating machinery that will substitute an existing one. This project will be realized this quarter.

At least 40% of the risk of this loan is covered by a guarantee from the Republic of Italy via the “Fondo di Garanzia PMI”.

The amount offered on the platform is limited to 23 520 €, which is in line with the regulatory limits.

Analyst’s Opinion

With a turnover of 1 088 847 € in 2017 and an experienced team, the company has a good track record combined with a two-digits operating margin.

The forecast is based on the performance of the last years and on the interim financials 2018, which show a slight increase of revenues and stable margins.

The borrower has a correct repayment capacity with a forecast FCCR (Fixed Charge Cover Ratio *) at 1,13 and a strong financial structure, with a forecast net debt / ebitda ratio of 0,97 and a net debt / shareholder equity of 203%.

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

*The multiple of FCCR at 1,13 means that the company has a safety margin of 13% 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 diversified client base.
• Correct repayment ability with a forecasted FCCR of 1,12 reinforced by the support of banking pool.
• Longlasting experience of the manager and of the main workers.

Points of caution:

• Highly competitive market.