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Information & Communication
Created in 2013, Société d’Edition Le Petit Versaillais is active in the local newspaper sector. The company, managed by Pierre De Calbiac, has 10 employees and is based in Versailles.
The company’s main activity is the local newspapers edition.
The company works with more than 100 clients per year.
The company owns 12 local newspaper mainly in the Ile de France Region and in Lyon.
The Société d’Edition Le Petit Versaillais publishes 72 newspapers per year. This represents more than 1 million of copies distributed in the corresponding areas.
The company wishes to borrow 150 000 € over 24 month to finance the development and the opening of new local newspapers in the PACA region and in several cities like Lille or Strasbourg.
The amount offered on the platform is limited to 73 500€, which is in line with the regulatory limits.
With a turnover of 791 000 € in 2017 and an experienced team, the company has a good track record combined with a two-digits operating margin.
The increase in level of activity is linked to a sustainable growth with the opening of new newspaper and the growth of existing ones.
The slight decrease of profitability in 2016 is linked to the hiring of a commercial team.
The forecast has been based on 2018 datas.
The borrower has an excellent repayment capacity with a forecast FCCR (Fixed Charge Cover Ratio *) at 1,26 and an excellent financial structure with a positive cash balance.
The analysis of the project leads to a credit rating of C and a 6,65% annual interest rate.
*The multiple of FCCR at 1,26 means that the company has a safety margin of 26% 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 (Scores & Decisions, Corporate Banking File). This opinion is only an element of reflection in the decision making of a lender to participate in the financing of a project.
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