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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.
Building & public Works
Created in 1985, Missaglia Angelo di Missaglia Felice e C. S.n.c. is active in the industrial electrical installation and maintenance sector. The company, managed by Felice Missaglia, has 40 employees and is based in Galbiate (Italy).
Mr. Felice Missaglia, managing director, has overall 40 years of professional experience in the sector.
The company’s main activities are:
The company works with very well-known and historical italian companies.
The company requests a loan of 400 000 € for 30 months to finance the upfront costs related to the execution of some of the installations the company is about to perform. This project will be realized in the next few months.
This project is not covered by the Italian state guarantee.
The amount offered on the platform is limited to 196 000 €, which is in line with the regulatory limits.
With a turnover of 11 992 000 € in 2018 and an experienced team, the company has a good track record combined with a strong operating margin.
Turnover and profitability have been increasing steadily over the past 3 years. The forecast is based on 2018 financial statements and the company’s business plan.
The borrower has a correct repayment capacity with a forecast FCCR (Fixed Charge Cover Ratio *) at 1. 17 and a good financial structure, with a forecast net debt / ebitda ratio of 4. 71 and a net debt / shareholder equity of 199%.
The analysis of the project leads to a credit rating of C and a 6. 5% annual interest rate.
*The multiple of FCCR at 1,17 means that the company has a safety margin of 17% 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.
Points of caution: