Maclear Project Nevado
- Written by
- Just P2P
- •
- Updated May 10, 2025
Score C+
Nevado Auzangate s.r.o. is a Czech company specializing in office and event furniture rental, founded in 2024 and operating primarily in Prague. The company offers long-term rentals for workplaces and event furniture, allowing businesses to avoid large upfront investments while providing flexible furnishing solutions.
The project seeks external financing to expand its inventory to meet growing demand for furniture rentals in the Prague market. The funds will be used to purchase additional office desks, chairs, cabinets, kitchen equipment, and event-related furnishings to support long-term rental contracts and ensure financial stability.
Investment terms
Total project value : 450 000 €
Periode : 14 months
Interest rate : 14.8%
Company contribution : Not specified
The 450,000€ loan must finance the acquisition of additional furniture to meet demand. The 14-month term aligns with the projected rapid growth cycle for 2025 (122.6% revenue increase). The 14.8% interest rate reflects the high-risk profile of the project but remains competitive considering the guarantees offered and growth potential in Prague’s furniture rental sector. The absence of a company contribution is a point of concern as it increases investors’ risk exposure.
Risk metrics
Debt/Equity Ratio : 6,51 (High risk)
LTV (Loan to Value) : 185% (High risk)
Credit History Score : 7/10 (Average score)
The company presents significant risk factors with a Debt/Equity ratio of 6.51, far exceeding the high-risk threshold of 2.0. Similarly, the LTV ratio of 185% is well above the 80% high-risk threshold, suggesting inadequate collateral coverage for the loan amount. The credit history score of 7/10 falls into the “Medium to low” category, further adding to the overall risk profile. Clearly, this is a highly leveraged position with insufficient asset coverage relative to the requested financing.
Business profile
Geographic Location : Czech Republic, EU member state
Industry Sector : Office and event furniture rental
Collateral Type : Company Assets
Operating in the Czech Republic, an EU member state with a stable business environment, Nevado Auzangate focuses on the growing office and event furniture rental market in Prague. This is a very young company (2024) experiencing strong revenue and profitability growth, with 76% of its inventory already leased for the entire year of 2025. The collateral consists of existing and newly acquired furniture valued at €508,635 (liquidation value of €439,500) plus €69,135 in retained earnings.
Positive / Risk factors
Positive factors
- Strong revenue growth (+ 122.6% in 2025)
- High gross profit margins (> 86%)
- Consistent client flow thanks to partnerships
- Revenue visibility (76% already leased for 2025)
- Growing market (90% of offices leased unfurnished)
- No outstanding liabilities prior to this loan request
- Diversified client base (corporate, event, private sectors)
Risk factors
- Extremely high Debt/Equity ratio (6.51)
- Also very high LTV ratio (185%)
- Average credit history score (7/10)
- Limited company history (founded in 2024)
- Liquidation value of collateral < Book value
- Rather ambitious growth projections
- Dependence on partners for client acquisition
Score C+
Nevado shows strong revenue growth, high profit margins, and established partnerships with real estate agencies, which help mitigate concerns about its short operating history. Adding to this are the absence of prior debt, 76% of inventory pre-leased for 2025, and strong cash flow projections, providing some comfort.
Nevertheless, this is a relatively high-risk investment due to its very high Debt/Equity ratio of 6.51 and LTV of 185%, which represent significant risks. This project is suitable for investors with relatively high risk tolerance seeking above-average returns (which is not the case here with 14.8%).
