Forest Project 20250029 — 18.0%/an · 24 mois

Plateforme · 1.0/25

A1 · Statut réglementaire 0.0/8faible

AMF status not disclosed ('?')
No identifiable agrément AMF, ECSP, statut réglementaire CIP, IFP or equivalent EU licence in the registers consulted
RESEARCH REQUIRED: AMF register 'ff forest' + registre ORIAS + ESMA
Score 0/8 by principle of prudence
Would trigger RF5 (−10 pts) on any associated project

A2 · Track Record 0.0/6faible

No identifiable published statistics: default rate N/C, delay rate >90d N/C, actual vs announced return N/C
Penalty −2 pts applied + all base scores at 0
RESEARCH REQUIRED: 'ff forest' statistics platform default delay

A3 · Rigueur de sélection 0.0/4faible

No information on project selection process, selection rate, committee or borrower KYC identifiable
RESEARCH REQUIRED: 'ff forest' project selection process

A4 · Santé financière 0.0/4faible

No information on the financial health, shareholding or history of the platform
Impossible to confirm the legal existence of 'ff forest' in the available registers
Score 0 by prudence

A5 · Protection investisseurs 1.0/3faible

No agrément AMF/ECSP licence confirmed, therefore no automatic attribution of the regulatory point
1 pt awarded as minimal hypothetical credit if legal existence subsequently confirmed
RESEARCH REQUIRED: ff forest general conditions, fund segregation, secondary market

Projet · 18.0/75 (21.0 brut, red flags −3)

B1 · Instrument & Structure 5.0/10

B1.1: 2/5 - obligation convertible/unsecured loan without formally registered real security; non-bank buyback

B1.2: 2/3 - Direct operator borrowing, Latvian law applicable, partially documented

B1.3: 1/2 - Priority ranking claimed, Commercial Register Latvia registration mentioned but mortgage not formally registered

B2 · Opérateur & Track record 3.0/15faible

B2.1: 2/4 - 'Morgan Yvon Charles D.' named but without verifiable public profile or specified function

B2.2: 0/5 - No documented sectoral experience in forestry or agriculture

B2.3: 0/3 - No track record on any platform

B2.4: 1/3 - No procedure identified but operator untraceable in registers

B3 · Garanties & Sûretés 4.0/15faible

B3.1: 4/9 - Forest land mentioned as security, registered in Latvian Commercial Register; no formally documented registered mortgage; assimilable to pledge on real asset

B3.2: 0/4 - Guarantor strength not evaluable, no balance sheet available

B3.3: 0/2 - No banking partner identified

B4 · Structure financière 3.0/15faible

B4.1: 2/5 - Loan-to-Value (ratio prêt/valeur actif) not calculable, land/forest collateral but value not documented; real asset but machinery/land potentially subject to depreciation

B4.2: 0/4 - No documented equity contribution, 100% crowd debt financing

B4.3: 0/4 - No stress test, Loan-to-Value (ratio prêt/valeur actif) unknown

B4.4: 1/2 - Agricultural land resale model mentioned, carbon credit revenues, but margins not quantified

B5 · Pré-commercialisation 1.0/10faible

No crop sale contract or CAP payment documented
Land resale model described verbally without contractual commitment
Crop history absent
First documented project on platform

B6 · Permis & Maturité 3.0/5

Forest activity in Latvia, Commercial Register registration mentioned
Legal documents partially in order
Early-stage activity on platform, Latvian legal structure to be confirmed

B7 · Marché & Localisation 2.0/3

Stable Latvian agricultural market, 2024 cereal crop up 15.5%, solid dairy exports
Established regional forest market with documented demand for agricultural land
Risks: energy/fertiliser inflation 2026

Points forts

✓Security over forest land registered in Latvia Commercial Register mentioned

✓Early exit options at 6 and 12 months offering partial flexibility

✓Stable Latvian agricultural market with growth in cereal yields in 2024

✓Buyback guarantee announced as additional protection mechanism

✓Blockchain traceability mentioned as transparency audit layer

Risques identifiés

!Platform without verifiable regulatory licence: no PSFP, ECSP, CIP or IFP identified

!Operator 'Morgan Yvon Charles D.' not traceable in available public registers

!Rate of 18%/year without formally registered mortgage - RF10 triggered

!No financial statements, no equity contribution, no track record of delivered project

!Buyback guarantee not backed by identified and documented solvent guarantor