Company presentation

SAS HOA NAM, with a share capital of € 259,000, was created in 1987 in Ivry-sur-Seine. The structure achieved a turnover of 8,854 K € for the 2020 financial year ended on 30/06

HOA NAM is a company specializing in the manufacture and sale of Asian cooked meat products. It manufactures and markets both fresh and frozen products.
Fresh products: spring rolls, pork meat pâté, beef balls for Chinese soups, Chinese sausages, pork buns, etc.
Frozen products: pork bites, shrimp ravioli, shrimp croissants, pork and shrimp bites, ...

HOA NAM products are sold to:
- Asian & French supermarkets
- Asian mini markets
- Wholesalers
- Restaurateurs

The company employs 80 people.

Project display

HOA NAM is asking lenders for up to € 155,000 to finance the acquisition of new 100% automated spring roll manufacturing machines to replace semi-automated machines already installed. Automated machines go 3 times faster than semi-automated machines currently in place. A subsidy of 120 K € is expected and the rest will be supplemented by a bank loan / contribution from the managers. The need is 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 2020 turnover amounts to € 8,854,000, a significant increase of 5.4% compared to that for fiscal year 2019, which was € 8,398,000.
However, profitability remains stable at 3.7% compared to turnover, going from € 314.4K in 2019 to € 332.7K in 2020.

The capitalization of the company is 10% over the 2020 financial year, however the current accounts of partners up to 250 K € have been blocked, which brings the quasi-equity to 15.7%. There was no payment of dividends.
The company's bank indebtedness at the close of the 2020 balance sheet was € 1,406,000, however including € 960,000 in PGE.

The company's working capital of 388.7 K € covers the operating cycle for 2020.
The company's working capital at the balance sheet date amounts to € 296.2 thousand.

Update: 15/12/2020

Financial Summary

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