Zoko Zahara

Presentation of the company

Created in 2018, ZOKO ZAHARA SL is active in the restaurant sector, inheriting the activity done as sole-trader by Christian Alexander Padilla since 2011. The company, managed by Christian Alexander Padilla, has 25 employees and is based in Cadiz.

Mr. Christian Alexander Padilla, managing director, has overall 12 years of professional experience in the sector.

The company’s main activity is:

• The management of 3 restaurants in Zahara, Cadiz.

The company works with a diversified client base.

Project Description

The company requests a loan of 156.000 € for 36 months to finance the opening of a new restaurant in Madrid. This project will be realised this semester.

This project is a Flexible Bridge Loan, an amortizable loan with a standard commitment for the first 9 months and the possibility of early repayment at no cost for the remainder of the loan term, even in the event of refinancing by other financial institutions.

The amount offered on the platform is limited to 76440€, which is in line with the regulatory limits.

Analyst’s Opinion

With a turnover of 928.598 € in 2018 and an experienced team, the company has a good track record combined with a two-digits operating margin.

The forecast is based on the performance in 2018. The restaurants were managed in prior years as sole-trader declaring in 2017 sales of 954.000 and net results of 60.000. The borrower has an excellent repayment capacity with a forecast FCCR (Fixed Charge Cover Ratio *) at 1. 34 and an excellent financial structure, with a forecast net debt / ebitda ratio of 0. 74 and a net debt / shareholder equity of 46%.

The analysis of the project leads to a credit rating of B+ and a 4. 9% annual interest rate.

Personal guarantee by Christian Alexander Padilla and Javier Alvarez Ruiz and corporate guarantee by TRIBUZOKO SL.

*The multiple of FCCR at 1,34 means that the company has a safety margin of 34% 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. 34x.
• Management with over 12 years of experience in the sector.

Points of caution:

• Highly competitive sector.