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SARL Red Studio

presented by October France

€90,000

6.55%

36 months

C

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location

Location

Douai, France

activity

Activity

Information & Communication

Presentation of the company

Created in 2006, SARL Red Studio is active in the sound recording and music publishing activities sector. The company, managed by Olivier Anicaux, has 5 employees and is based in Douai.

The company’s main activity is the technical services of :

  • sound.
  • light.
  • video.
  • equipment rental.

The company works with trade shows, show companies, and all type of companies that need to organize culturals or sports events.

The company does all kinds of musical projects by taking care of all the technical realization for concerts and other events, by providing the necessary equipment and the technical team.

The managers own a big studio of 400m² to create events through two others complementaries companies, Red bar : bar with a license 4 and Red Event specialized in artist production.

Project Description

The company requests a loan of 90 000 € over 36 months to finance the purchase of two LED screens. This project will be realised in the next few months.

The amount offered on the platform is limited to 44 100€, which is in line with the regulatory limits.

Analyst’s Opinion

With a turnover of 347 000 € in 2018 and an experienced team, the company has a good track record combined with a two-digits operating margin.

The increase of the revenue and the profitability is linked to the acquisition of new clients and the development of the led screens activity. The forecast is based on the performance 2018.

The borrower has a good repayment capacity with a forecast FCCR (Fixed Charge Cover Ratio *) at 1,35 and a strong financial structure, with a forecast net debt / ebitda ratio of 1,1 and a net debt / shareholder equity of 84%.

The analysis of the project leads to a credit rating of C and a 6,55% annual interest rate.

*The multiple of FCCR at 1,35 means that the company has a safety margin of 35% 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.
  • Good repayment ability with a forecasted FCCR of 1,35.
  • Turnkey technical realization of all types of events.

Point of caution:

  • Competitive sector

*The multiple of FCCR at 1,2 means that the company has a safety margin of 20 % 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.