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Created in 2010, La Verde Vita S.r.l. is active in the cosmetics and beauty products sector. The company, managed by Silvio Nevischi, has 31 employees and is based in Buti (Italy).
The company’s main activities are:
The company works with mainly international clients.
The company requests a loan of 128 866 € over 36 months to finance the opening of a new branch in Japan, which is considered a strategic market already covered through importer. This project will be realized this semester.
This project is a Flexible Bridge Loan, an amortizable loan with a standard commitment for the first 9 months and the possibility of early repayment at no cost for the remainder of the loan term, even in the event of refinancing by other financial institutions.
This project is not covered by the Italian state guarantee.
The amount offered on the platform is limited to 63 144,34 €, which is in line with the regulatory limits.
With a turnover of 5 164 199 € in 2017 and an experienced team, the company has a good track record combined with a two-digits operating margin.
Over the past 3 years the increase of profitability has been driven by a good control on the fixed cost base combined with a recurrent increase of turnover in a context of a growing market trend The forecast is based on the 2017 financials taking into account interim performance.
The borrower has a good repayment capacity with a forecast FCCR (Fixed Charge Cover Ratio *) at 1.21 and a strong financial structure, with a forecast net debt / ebitda ratio of 1.83 and a net debt / shareholder equity of 235%.
The analysis of the project leads to a credit rating of B and a 5,50% annual interest rate.
*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 (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: