Company presentation

TURBO CEREAL FRANCE was created in March 2017. The structure achieved a turnover of 10,864 K € in the 2019 financial year.

The company offers farmers advances on harvest (cash advance). In detail, this means that at the time of the harvest advance, TURBO CEREAL becomes "owner" of part of the harvest, fixed upstream, but the farmer remains free to sell his harvest to whomever he wishes. .
The harvest advances are then “materialized” by the company via a digital euro-currency.

Project display

TURBO CEREAL FRANCE is asking lenders for an amount of 100 K € in order to strengthen its cash position pending a fundraising planned soon. The need is global 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 on the evolution of its activity during confinement.

The company's 2019 turnover came to € 10,864,000, compared to € 2,910,000 for the company's first balance sheet closed on 12/31/2018 over 23 months.
The profitability generated by the company in 2019 amounts to € 101.7 thousand.
It should be noted that we have an accounting extract of the company closed at the beginning of October 2020. This shows a turnover of 6,513 K € for an increase in profitability to 135.1 K €. In fact, in 2019, the company carried out a cereal trading activity which was not continued in 2020 in order to focus only on harvest advances, which generate more margin but in the longer term.

The company's capitalization is 95.2% for the 2019 financial year. There was no payment of dividends.
At the date of the request, the bank indebtedness only consists of a EMP of 500 K €.

The company's 2019 working capital of € 2,922,000 covers the operating cycle.
The company's WCR at the year-end date amounted to € 2,877,000.

Update: 17/12/2020

Financial Summary

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