presented by October France
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.
Unfortunately, you cannot lend to this project.
Why? This project* does not fall within the regulatory framework of October IFP, defined by the ordinance of 30 May 2014 (ordinance on participatory financing). It is therefore not offered to individual lenders as part of participatory financing.
According to the Ordinance of 30 May 2014, a project consists of a purchase or a set of purchases of goods or services contributing to the completion of a predefined transaction in terms of purpose, amount and timetable.
Created in 2012, Saglam Distribution is active in the wholesale distribution sector. The company, managed by Armand Kaya, has 20 employees and is based in Pre-en-pail-saint-samson.
Mr. Armand Kaya, managing director, has overall 6 years of professional experience in the sector. Previously, he was a lawyer specialising in corporate and labour law.
The company’s main activity is: wholesale distribution of kebab brooches and fast food products.
The company works with 84 different clients : DPS, Umati, Sonabo, France Kebab.
The company is part of a group with Saglam france that are specialised in kebab spindle production and France Lamelle that is a new unit specialized in the manufacture of chicken slices and kebab strips.
The company requests a loan of 140 000 € over 12 months to finance an order of hallal chopped steak. This project will be realised next month.
With a turnover of 8 406 000 € in 2018 and an experienced team, the company has a good track record combined with an acceptable operating margin.
The growth in turnover is linked to the increase in the number of orders and volume. Forecasts are based on 2018 performance.
The borrower has a correct repayment capacity with a forecast FCCR (Fixed Charge Cover Ratio *) at 1,06 and an strong financial structure, with a forecast net debt / ebitda ratio of 1,9 and a net debt / shareholder equity of 71%.
The analysis of the project leads to a credit rating of B and a 4,45% annual interest rate.
*The multiple of FCCR at 1,06 means that the company has a safety margin of 6% 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: