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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.
Created in 2012, GIMNASIO GYMAGE SL is active in the leisure and sport sector. The company, managed by Carlos Enguidanos Ossorio, has 24 employees and is based in Madrid.
The company’s main activity is:
The company works with a very diversified client portfolio base with an average of 2 200 members per year in the fitness area and 24 000 visitors per month in the terrace.
The company wishes to borrow 800 000 € over 60 months to finance the refurbishing and opening of a gym and terrace space in Miami. The total cost of the project is 1 100 000 € and the balance financed by a 300 000 € capital increase. This project will be realised next month.
With a turnover of 3 119 174 € in 2016 and an experienced team, the company has a good track record combined with a two-digits operating margin.
In 2015, the turnover and profitablitiy increase are related with the opening of the swimming pool on the terrace and the VIP area. In 2016 profitability decreased due to the renewal of the gym machinery. The forecast is based on the performance 2017.
The borrower has a correct repayment capacity with a forecast FCCR (Fixed Charge Cover Ratio *) at 1,16 and a good financial structure, with a forecast net debt / ebitda ratio of 2,42 and a net debt / shareholder equity of 92% taking into account the capital increase.
The analysis of the project leads to a credit rating of B and a 6,50% annual interest rate.
• Strong business performance with a diversified client portfolio base
• Good repayment capacity with a FCCR 1,16 reinforced by the banking pool
• Successful performance and management of the center located in Madrid
Points of vigilence:
• Potential competitors in the area