SARL LES SILOS DU TOUCH, with a capital of 538 K € and created in April 2004, is located in Pouy de Touges (31).
It is a company specializing in the trading of soybeans for human consumption. The company stores and markets soybeans for manufacturers (70%), brokers (25%) and artisans (5%). To do this, it collaborates with around 500 French farmers and a few outside France.
The soy is produced without GMOs (unlike the North American market) and is certified organic.
The company generates nearly 95% of its turnover from exports, 50% of which is in Asia.
It hires 22 employees.
The company LES SILOS DU TOUCH is asking whimblegardens.co.uk lenders for an amount of € 1,030,000 in order to buy grain stock.
The need is global and immediate, with a trigger threshold of 75%.
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 on the evolution of its activity during confinement.
The company experienced 43.1% growth in turnover for the fiscal year ended August 2020. Turnover reached € 21,159,000.
EBITDA benefited from this increase. It stands at € 1,547.7 thousand and represents 7.3% of turnover (+1.5 point). This gain was notably possible thanks to a payroll which only increased by 17.8%.
After an exceptional result of 140 K € (gain of a lawsuit for 300 K € over 2 years) and taxes, the net result stands at 876.2 K € and 4.1% of the turnover.
The level of equity continues to increase. It is now € 2,925.9K and represents 33.6% of the total balance sheet.
The debt borne by the company is 640.6 K €, ie 21.9% of shareholders' equity and 0.4 years of EBITDA.
The stock level has fallen from N-1. This is explained by the end of the season (July-August) when stocks are supposed to be at their lowest. However, it sometimes happens that customers postpone the last deliveries to September-October, resulting in an increased stock in N-1 (level N more in the standard).
The sharp drop in inventories and the increase in the supplier item led to the decrease in working capital. Conversely, the increase in shareholders' equity improves FDR, resulting in cash of € 2,415,000.
To date, cash is at € 1.8 million.