the complete report

CAE CAPITAL PROPELLED FORWARD
ANNUAL REPORT
2015
2016
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GOVERNANCE
quality
creativity
COLLABORATION
PROFESSIONALISM
DEVELOPMENT
INTEGRITY
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MISSION
[ A KEY ECONOMIC LEVER ]
CAE Capital was created in 1985 as the
Centre d’aide aux entreprises de la Rive-Sud.
Today, it is still a not-for-profit organization,
but on a larger geographical scale, and it is still
pursuing its original goal of providing key support
to local businesses.
In collaboration with its partners Canada Economic
Development (lead partner), Business Development
Bank of Canada and Investissement Québec,
CAE Capital is involved with companies to:
•Contribute to the development
of the regional economy
•Invest in the development of businesses
•Promote job creation and retention
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[ WHAT, AND WHO, IS CAE MADE OF? ]
Many times in the course of our work, we are asked
by clients or collaborators where CAE comes from?
That’s right, what are the origins of the Centre d’aide aux
entreprises? Stemming from a community development
program, CAE is dedicated to creating and retaining jobs.
That’s why, originally, Human Resources Development
Canada was the department responsible for business
development centres throughout Quebec.
Today, as a partner of Canada Economic Development,
our interventions focus on two main areas: support
and financing.
SUPPORT
It is under the corporate name CAE Rive-Sud that we
decided to combine our technical assistance and support
activities.
To achieve this mandate, the Centre d’aide aux entreprises
de la Rive-Sud inc. prioritized two measures: the Cercles
d’entraide Rive-Sud and the Soutien au travail autonome
measure.
For their part, the Cercles d’entraide, in partnership
with Emploi-Québec, offer women wishing to set up
a business project, a training group leading to the
realization of a business plan.
Secondly, there’s the Soutien au travail autonome (STA)
measure, for which we became, during the year,
the supporting body. It is thus since July 1, 2015 that
our team is responsible for this Emploi-Québec measure
that exists to provide assistance to eligible individuals
so that they attain autonomy in the labour market
by creating or developing a business or by becoming
self-employed. This new development has allowed
us to hire Marie-Eve St-Arnaud, our new Business Advisor.
FINANCING
The support component is important, but the financing
remains a major tool. This aspect of our interventions
is our main focus, hence the corporate name we came
up with a few years ago: “CAE Capital”, which points to
our investment division working through short-term loans.
This year, we have invested $11.6 MILLIONS
in 61 projects, which brings our total investments
to more than $99.3 MILLIONS since our foundation.
Thanks to our financing operations, we helped create
or retain 313 jobs this year, for a total of 7,481.
These investments fully demonstrate the importance
of our core activities, which furthermore, ensure
the sustainability of our organization.
WHO IS CAE MADE OF?
CA nice team that strives for the development of CAE
and that of its community. A team that doesn’t hesitate
to face the great challenges which, year after year, feed this
fabulous growth. It is this team that allows us to reach ever
higher, further and to be stronger...
It is also a great board of directors, consisting of volunteers
who focus on job creation and economic development.
I am grateful for these wonderful skills they put
at the disposal of our community to help propel us,
and YOU, forward!
Michel Aubin
General Manager
Besides these two measures, one should not ignore
the many hours of support provided to our clients
at the financing level.
4 [ CAE CAPITAL ] ANNUAL REPORT 2015-2016
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[ CAE CAPITAL’S BOARD OF DIRECTORS ]
EXECUTIVE COMMITTEE
DIRECTORS
PRESIDENT
JEAN-CHARLES LAROCQUE
Consultant
NATHALIE BERTHIAUME, Director,
Change Management BDC
VICE-PRESIDENT
LOUIS DAGENAIS
Strategic advisor & Manager, Information
Technology, governance, Project
Management and Marketing
SECRETARY
JEAN-GUY DAOUST, CPA, CA
André Allard & associés
TREASURER
DONNELL HARVEY
Retired Financial Planner
RBC Financial Group
GUYLAINE CAUX, CPA, CA
President, CEO,
co-founder, Inflotrolix inc.
MAHER HANNA, President
Oria gestion d’affaires
JULIE KHERRAFI, Branch Director,
RBC Royal Bank
JACQUES LALIBERTÉ
Business Consultant
MORE THAN
150 VOLUNTEERING
HOURS JEAN MATTEAU, Consultant
FIER-Longueuil
ÉDITH PION, CPA, CA, M. Fisc., Partner,
Raymond Chabot Grant Thornton, s.e.n.c.r.l.
[ CAE CAPITAL’S TEAM ]
LAURA FÉE LANGLOIS
Business Advisor, Cercles d’entraide and STA
MICHEL AUBIN
General Manager
MARIE-EVE ST-ARNAUD
Business Advisor, Cercles d’entraide and STA
SUZANNE LÉONARD
Financing Technician
EMMANUELLE GRÉGOIRE
Coordinator, Cercles d’entraide and STA
NATHALIE DUBORD, LLB
Director, Business Development and STA Director
BRIGITTE DEMERS
Administrative Assistant
[ CAE CAPITAL ] RAPPORT ANNUEL 2015-2016
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RESULTS
TOTAL
NUMBER OF
APPLICATIONS
151
82
11.6
61
millions
NUMBER
OF CLIENTS
MET
TOTAL INVESTMENTS
OVER THE COURSE
OF THE YEAR
JOBS
RETAINED
OR CREATED
313
NUMBER OF
ACTIVE LOANS
AS OF 03/31/2016
AVERAGE LOAN
190 000 $
NUMBER
OF LOAN
THIS YEAR
17
TECHNICAL
SUPPORT FILES
6.8
millions
JOBS
RETAINED OR
CREATED SINCE
FOUNDATION
INVESTMENT TOTAL
SINCE CAE FOUNDATION
PORTFOLIO AS OF
MARCH 31ST 2016
49
7 481
INVESTMENTS
GENERATED - MORE THAN
23
millions
99.3
millions
6 [ CAE CAPITAL ] RAPPORT ANNUEL 2015-2016
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NATURE OF THE PROJECTS
Financing orders is becoming CAE Capital’s most significant financial
product. This phenomenon is explained by the scarcity on the market
of such an innovative financial product, which comprehensively
responds to the needs of growing businesses.
Financing for SR & ED has, for its part, declined over the last 5 years.
The rigorous application of eligibility criteria by the Canada Revenue
Agency is certainly the main cause of that decline.
[ CAE CAPITAL ] RAPPORT ANNUEL 2015-2016
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LOANS DISBURSED
INDUSTRY SECTORS
From April 1st to March 31st 2016-06-17
As of March 31st 2016
54 %
39 LOANS
$6 256 749
Orders
Manufacturer
Specialized Services
Other
40
20
1
63 %
25 %
12 %
$2 864 598,29
33 %
13 %
IMPACT
SINCE 1985
$2 864 598,29
20 LOANS
$3 771 313
SR & ED
$7 288 464,37
2 LOANS
$1 553 000
Others
TOTAL $11 581 063
CAE CAPITAL has financed 788 projects and invested more than
$99.3 million, generating benefits of nearly $275 million.
Because of its interventions, CAE CAPITAL helped create or retain 313 jobs this year,
and 7 481 jobs since its creation.
8 [ CAE CAPITAL ] ANNUAL REPORT 2015-2016
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ALLOCATION
OF RISK
As of March 31st 2016
LOANS SINCE
CAE CAPITAL’S
FOUNDATION
$11 581 063
60
$7 485 108
99 %
$4 996 541
Secured loan
from CAE alone
$11 473 063
$3 094 579
$1 158 291
$1 088 147
$658 063
1%
1
2016
2012
2008
2004
2000
1996
1992
1988
1986
$316 000
$225 000
Secured loan
from CAE and IQ
$108 000
TOTAL
$99 331 257
[ CAE CAPITAL ] ANNUAL REPORT 2015-2016
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FINANCIAL
HIGHLIGHTS
As of March 31st 2016
2016
2015
Revenue
$1 175 572
$1 116 422
Excess of revenue over expenses
$358 682
$259 942
Net surplus over assets
$4 815 266
$4 456 584
Net assets
$7 087 669
$7 666 860
$99 835
$99 318
31 %
23 %
1,41 %
1,30 %
Net loss on investments
Excess of revenue over expenses (%)
Bad debt (%)
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[ CAE CAPITAL COMMITMENTS ]
COMMITTEES, TABLES AND BOARDS OF DIRECTORS
> Mayor of the municipality of Saint-Mathieu-de-Beloeil
> Member of the board of FEMMESSOR (Fonds d’investissement
et de développement pour les entrepreneures en Montérégie)
and member of the Investment Committee
> Member of the board of the Council of the Vallée-du-Richelieu RCM
> Member of the CCIRS Women committee
> Presidency of the Aqueduc intermunicipal du Bas-Richelieu
> Treasurer and member of the board of directors
of the Club Lions de la Vallée-du-Richelieu
> Member of the Table des intervenants de la MRC de Margueritte
d’Youville et de la Vallée-du-Richelieu
> Treasurer and member of the board of directors
of the Club des Voitures anciennes du Québec
> Treasurer and member of the board of directors
of the Services animaliers de la Vallée-du-Richelieu
> Vice-presidency of the Mira Foundation board of directors
MEMBERSHIPS
> Member of the Association en planification fiscale
et financière (APFF)
> Member of the Association of Québec Women in Finance (AFFQ)
> Member of the Chambre de commerce et d’industrie
de la Vallée-du-Richelieu
> Member of the Chambre de commerce et d’industrie de la Rive-Sud
> Member of the Chantier de l’économie sociale
> Member of the Réseau québécois de crédit communautaire
> Member of Quebec’s Réseau des SADC et CAE
SEMINARS ORGANIZED BY CAE CAPITAL
> Revenu Québec’s GST/QST seminar (5 times this year)
> Revenu Québec’s Fiscalité des particuliers en entreprises seminar
(4 times this year)
[ CAE CAPITAL ] ANNUAL REPORT 2015-2016
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[ PARTNERSHIPS ]
LEAD
PARTNERS
Business Development Bank of Canada (BDC)
Canada Economic Development
Capital Réseau des SADC et CAE
Investissement Québec
STRATEGIC
PARTNERS
Canada Revenue Agency (CRA)
Développement économique Longueuil (DEL)
Local development centres (CLD) and RCM
Regroupement des CAE autonomes du Québec
Réseau des SADC et CAE du Québec
Revenu Québec
BUSINESS
PARTNERS
Brokers
Consultants
Financial institutions
Private funds
Professionals
Regional funds
Venture capital firms
12 [ CAE CAPITAL ] RAPPORT ANNUEL 2015-2016
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CERCLES D’ENTRAIDE RIVE-SUD
The complete annual report of the
Cercles d’entraide Rive-Sud can be found
at http://caerivesud.ca/
SOCIOECONOMIC INTEGRATION RATE
SUMMARY OF RESULTS
34 %
601
Information
phone calls
753 hours
108
26 %
Individual
pre-workshop meetings
224
persons supported
of which 127 were
previous clients
8
442 hours
companies created
and maintained, as well
as 49 jobs created
and retained
13 %
Abandoned project
12 %
Returned to work
Start-up stage
4%
Job seeking
2%
Back to school
COMPANIES LOCATION
dedicated to training
of which 83 hours were
offered by external resources
29
Pre-startup stage
9%
of individual
support
groups created for
the pre-startup training for
a total of 97 participants
Started up
3
loans granted
for a total
of $15 000
9 in the Vallée-du-Richelieu RCM
19
7 in the agglomeration of Longueuil
ORGANIZED
ACTIVITIES
4 in he Marguerite-D’Youville RCM
191
TOTAL
PARTICIPANTS
INDUSTRY SECTORS
Services
68 %
Commerce and retail
23 %
Catering and food industries
ORGANIZED
ACTIVITIES
IN 2015-2016
9%
1 in the Les Maskoutains RCM
1 in the Rouville RCM
10
CLIENTS PER
ACTIVITY ON
AVERAGE
[ CAE CAPITAL ] ANNUAL REPORT 2015-2016
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SOUTIEN AU TRAVAIL AUTONOME
The complete annual report of the
Self-Employment Support measure can be found
at http://caerivesud.ca/
(SELF-EMPLOYMENT SUPPORT)
INTEGRATION RATE
SUMMARY OF RESULTS
791
Contacts via email
phone or internet
36 hours
of support in
assessment phase
15 hours
of support in
start-up phase
63 hours
dedicated to
complementary training
108
Technical support
meetings
43 %
u Registered start-up
u Incorporated start-up
u In pre-startup stage
70 hours
of support in
preparatory phase
21
1
projects
supported
Belœil
Arts and culture
Catering and food industries
9 % 5 % 5 %
3
Chambly
COMPLEMENTARY
TRAINING
21
RETRAINING
SESSIONS
16
1
companies created
for a total of
28 jobs created
Carignan
Otterburn Park
INDUSTRY SECTORS
Commerce and retail
19 %
u Copartnership start-up
u Unregistered start-up
u In start-up stage
COMPANIES LOCATION
2
Services
19 %
61 %
29 %
5%
5%
1
St-Jean-Baptiste
1
St-Marcsur-Richelieu
2
McMasterville
1
Mont-Saint-Hilaire
3
St-Basile-le-Grand
25
TOTAL
PARTICIPANTS
7
CLIENTS PER
TRAINING
SESSION ON
AVERAGE
1
St-Charlessur-Richelieu
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270 Sir-Wilfrid-Laurier Blvd, Suite 200, Beloeil, QC J3G 4G7
514 656-5650 • [email protected]
www.caecapital.com
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.com
Conception graphique
Canada Economic Development for Quebec Regions offers financial support to CAE CAPITAL
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