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Bio&Sens Holding

gepresenteerd door October Frankrijk



60 maanden


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Pignan, Frankrijk




Presentation of the company

Created in 2010, Bio et Sens is one of the companies of the SALEJ group created in 1998 specializing in the sale of ""Bio"" products to specialized distributors and catering. BioCash is the main operating entity of the group whose accounts are presented for information purposes. The group, led by SALEJ, employs more than 250 people and has its headquarters in Nîmes:

The group’s main activities are:

-The sale of "organic" products

-The operation of stores and restaurants directly as well as under concession / franchise

-Supply and logistics management of the group

The group works with several hundred customers nationally; Cafés, hotels, restaurants as well as independent shops. The group offers two main product families:

The "Fresh" division with 160 references in fruit and vegetables and 800 references in dairy products and dairy products.

The "Dry" division, which includes 4,400 grocery items and nearly 300 beverage items, as well as 1,700 cosmetics and personal hygiene items.

Project Description

The company wishes to borrow 575 000 € over 60 months to finance refurbishment costs and to refinance some costs related to the acquisition of a company in March 2018 financed by personal contribution.. This project will be realised in the next few months.

As a reminder, the Lendix lending community supported the group SALEJ in March 2018 with 725 000€ to finance buyouts and costs associated.

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.

Analyst’s Opinion

The borrower is a holding company whose revenues are derived from services invoiced to its subsidiaries. The financial analysis was carried out on consolidated financial statements, which reflect the group’s performance.

With a turnover of 43 234 000 € in 2017 and an experienced team, the group has a good track record combined with a strong operating margin.

The increase in turnover for BioCash is driven by the recent openings of new points of sale as well as new supplier agreements The forecast is based on the 2017 performances of the group taking into account acquisitions realized during the previous year

The group has a correct repayment capacity with a forecast FCCR (Fixed Charge Cover Ratio *) at 1,2 and a good financial structure, with a forecast net debt / ebitda ratio of 2,7 and a net debt / shareholder equity of 244%.

The analysis of the project leads to a credit rating of B and a 6,0% annual interest rate.

Strong points:

  • Good historical performance based on diversified client base.
  • Correct repayment ability with a forecasted FCCR of 1,2 reinforced by the support of banking pool.
  • Vertically integrated group with a good management of the supply chain, products and partners

Point of vigilence:

  • Highly competitive market

*The multiple of CRFC 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 (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.