Company presentation

SAS GLM REPARATIONS, with a capital of 5 K €, was created in 2010 and is located in Provin (59).
The company mainly works in the repair and maintenance of lifting and public works equipment. It also offers rental and sales of aerial platforms.

It only works with professionals and employs two employees as well as an apprentice.

Project display

PGEs benefit from a state guarantee of 90% of the outstanding capital. They consist of 2 phases. The 1st of 12 months with a rate of 2% and a reimbursement in fine (end of period). The 2nd, optional, for a period of between 12 and 60 months depreciable at a rate ranging from 4.10% to 5.95%.

GLM REPARATIONS is requesting lenders for up to € 90,000 in the form of an EMP in order to obtain an additional cash line following the confinement.
The need is total and immediate. review

This project was the subject of a specific study linked to the current health situation, in particular on the government measures from which the company was able to benefit and the evolution of its activity during confinement.

The 2019 turnover grew by 4.3% to reach 382.6 K €.

Following an increase in purchases of goods, EBITDA came to 49.1 K € or 12.8% of turnover.
The net result is 40.1 K € and represents 10.5% of the turnover. This level of profitability is stable compared to 2018.

In the absence of dividend distribution, the level of equity increased to € 49,000. The equity / total balance sheet ratio therefore amounts to 25.8% of the total balance sheet.
The company does not support bank debt, but we note the presence of partners' current accounts for € 64.7K.

The cash flow level at the end of 2019 was € 4,000.

The manager provided us with a balance for the period January 2020 - August 2020. The latter indicates a level of turnover of 274 K €.

Update: 24/09/2020

Financial Summary

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