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Waarschuwing Het uitlenen van geld aan het MKB brengt financiële risico’s met zich mee. Door geld uit te lenen aan het MKB staat uw inleg voor langere tijd vast en loopt u het risico op verlies van (een gedeelte van) uw inleg.
Generys Groupe is the holding company set up in 2008 active in the cremation and funeral services for humans and domestic animals. Group is managed by Nicolas Goossens, has 22 employees and is based in Villepinte.
The group companies are:
The company works with the families of the deceased.
The company wishes to borrow 315 000 € over 60 months with 5 months of deferred repayment to finance part of crematorium des bois rochefort project. The funding will take place in two tranches, the first one of 315 000 € set in place this month and the remaining one later for another project. The Crematorium project as a whole amounts to €3.9 million in real estate, technical equipment and furniture. The balance is financed by a 15-year bank loan and by capital contributions from the shareholders.This project will be realised next month.
This project is a medium-term loan with a capital amortisation deferment and as such presents a different method of capital repayment than standard projects. The first 5 months, the lenders will only receive interest; the following 55 months, the lenders will receive interest and principal amortization. This principal repayment profile matches the borrower’s financing needs while allowing lenders to earn a higher amount of interest.
The amount offered on the platform is limited to 154 350€, which is in line with the regulatory limits.
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 2 307 000 € in 2017 and an experienced team, the company has a good track record combined with a two-digits operating margin.
Increase of turnover and operating margin driven by the increase in the cremation rate in recent years and the arrival of the post-war generation (Baby-Boom) at a mature age. The forecast is based on the 2017 group activity and operating margin level adjusted of Crematorium des Bois Rochefort’s forecast
The borrower has a good repayment capacity with a forecast FCCR (Fixed Charge Cover Ratio *) at 1,21 and a good financial structure, with a forecast net debt / ebitda ratio of 3,30 and a net debt / shareholder equity of 184%.
The analysis of the project leads to a credit rating of B and a 6% annual interest rate.
Points of vigilence:
*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 (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.