presented by October France
lent to this project, means…
paid back in total
taxes not includedCreate your account
Warning Lending money to SMEs presents a risk of capital loss and requires your savings to be immobilised.
Building & public Works
Created in 2010, SMB Bâtiment is active in the demolition and clean-out sector. The company, managed by Maurice Atallah and Samir Benzeggagah, has 50 employees and is based in Argenteuil. SMB Bâtiment is a leading player in its niche market, managed by 2 professionals with 25 years of experience.
The company’s main activities are:
The company works with a portfolio of 600 regulary account and majors accounts like Groupe Bertrand, Unibail, Groupe Deveaux and Galerie Lafayette.
At the end of december 2018, SMB has absord its sister company STD Diamant, an operating structure dedicated to machine demolition and coring.
The company requests a loan of 400 000 € over 36 months to finance investments (furniture investment, recruitment and design office) linked to the development of 2 complementary branches of activity : Carpentry and HVAC (heating, ventilation, air-conditioning). This project will be realised next month.
The amount offered on the platform is limited to 196 000€, which is in line with the regulatory limits.
The borrower is the main operating company representing 85% of the group’s turnover and 88% of the profitability.
With a turnover of 12 521 000 € in 2018 and an experienced team, the company has a good track record combined with a two-digits operating margin.
Increase of the turnover since 2010 driven by the strong development of clients portfolio and an increase of referencing with major clients such as UNIBAIL. In 2018 the slight decrease in turnover and profitability is linked to i) the reorganization of the group following the absorption of the STD DIAMANT subsidiary, ii) exceptional investments to develop new activities. Forecast is based on the cumulative view of SMB BATIMENT and its sister company STD DIAMANT. Profitability is based on historical average, adjusted of managing partners remuneration.
The borrower has a correct 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 1,3 and a net debt / shareholder equity of 180% taking into account shareholders loans blocked during the October loan.
The analysis of the project leads to a credit rating of B and a 5,45% 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 (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.
Point of caution:
*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.