presented by October Spain
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.
Restaurants and catering services
Created in 1990, Restaurante Maricel SL is active in the restaurants sector. The company, managed by Jose Luis Capo Antich, has 17 employees and is based in Sitges, Barcelona.
The company’s main activity is:
The company works with 80 clients per day during high season, focusing on a high standard client.
The company wishes to borrow 65.000 € over 36 months to finance the renewal and relocation of air conditioning, heating and refrigerator motors to the top of the building. This project will be realised this quarter.
The amount offered on the platform is limited to 31850€, which is in line with the regulatory limits.
With a turnover of 751 850 € in 2017 and an experienced team, the company has a good track record combined with a strong operating margin.
Reduction of profitability in 2016 related with the refurbishment of the kitchen. The forecast is based on performance in 2017.
The borrower has a good repayment capacity with a forecast FCCR (Fixed Charge Cover Ratio *) at 1,27 and a good financial structure, with a forecast net debt / ebitda ratio of 3,15 and a net debt / shareholder equity of 60%.
The analysis of the project leads to a credit rating of B and a 5,6% annual interest rate.
The loan has the personal guarantee of Jose Luis Capo Antich.
*The multiple of FCCR at 1,27 means that the company has a safety margin of 27% 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 (Informa, Asnef). 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: